F/m Ultrashort Tax-Free Municipal ETFZMUN

F/mBonds & CashUltra-Short#113 of 785 by YTD

$49.89

+0.1% last session

+2.8% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOZMUNS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+1.0%	+0.7%	+2.8%	+3.4%	—	—	+3.6%
Peer average	0.0%	+0.5%	+16,261.1%	+2.8%	+3.5%	+15.5%	+18.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $37M
Expense ratio: 0.30%
Distribution yield: 3.8%
NAV: $49.88
Volume: 1K
Avg. volume 30D: 6K
High today: $49.91
Low today: $49.89
Previous close: $49.84
52-week high: $50.51
52-week low: $49.32
Our risk indicator: 2/5

ZMUN in One Breath

ZMUN Among Ultra-Short ETFs

YTD

#1FUSIAmerican Century+4.1%$73.2M

#2RBILF/m+3.9%$175M

#3MINTPIMCO+3.5%$18.3B

#4TUSBThrivent+3.4%$200M

#5GMOCGMO+3.4%$30.0M

#6PULSPGIM+3.3%$19.6B

#7TUSITouchstone+3.3%$753M

#8BUXXStrive+3.3%$544M

#29ZMUNF/m+2.8%$37.4M

End-of-day Nov 4, 2026 · 50 Ultra-short ETFs by YTD

$10,000 in ZMUN

$10,000 in ZMUN became

$10,361

In the S&P 500 (VOO)

$11,456

Total return, dividends in · Sep 30, 2025 – Nov 3, 2026 · S&P 500 uses VOO

ZMUN’s Top Holdings

Today

Cash & OtherCash & Other3.5%New York Sta2.5%Metropolitan2.5%South Dakota2.4%City of Auro1.6%Illinois Fin1.6%State of Ill1.6%Oregon State1.5%City & Count1.5%Metropolitan1.4%California H1.4%King County 1.4%Adams 12 Fiv1.3%Metropolitan1.3%New Brunswic1.3%New Jersey T1.3%West Virgini1.3%Pennsylvania1.3%Sedgwick Cou1.3%County of Mi1.3%City of Hous1.3%South Caroli1.3%

F/m ZMUN · 166 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What ZMUN Holds

Today

All holdings100.0%

Cash & Oth 3.5 · New York S 2.5 · Metropolit 2.5 · South Dako 2.4 · City of Au 1.6 · Illinois F 1.6 · State of I 1.6

F/m ZMUN · share of the fund · as of Nov 3, 2026

Cash’s Share of ZMUN

Today

3.5%

$35 of every $1,000 in ZMUN is Cash

Cash held by ZMUN

$1.3M

F/m ZMUN · each square = $10 of $1,000 · as of Nov 3, 2026

ZMUN’s Share of Ultra-Short ETFs

Today

0.0%

of the $152B in 56 Ultra-short ETFs

ZMUN$37.4M0.0%

JPST$42.4B27.9%

PULS$19.6B12.9%

53 others$90.1B59.2%

Ultra-short ETF AUM · Nov 4, 2026

ZMUN Fee per $100 vs Peers

Today

$0.30a year
per $100

$30 a year on $10,000

ICSH$0.08

VUSB$0.10

PULS$0.15

JPST$0.18

ZMUN$0.30

MINT$0.36

Expense ratio · Ultra-short peers · Nov 4, 2026

Inside ZMUN

166 holdings · as of Nov 3, 2026

ZMUN

F/m Ultrashort Tax-Free Municipal ETF

Today

All holdings100.0%Cash & Oth3.5%New York S2.5%Metropolit2.5%South Dako2.4%152 more holdings74.3% of the fund

All holdings100.0%Cash & Oth3.5%New York S2.5%Metropolit2.5%160 more holdings85.8% of the fund

#	Ticker	Company	Weight ▼
1	—	Cash & Other	3.45%
2	—	New York State Dormitory Authority 5% 02/15/2030	2.54%
3	—	Metropolitan Transportation Authority 5% 11/15/2031	2.54%
4	—	South Dakota Health & Educational Facilities Authority 4% 11/01/2034	2.37%
5	—	City of Aurora 5% 12/01/2035	1.64%
6	—	Illinois Finance Authority 5% 11/15/2028	1.61%
7	—	State of Illinois 5% 01/01/2027	1.61%
8	—	Oregon State Facilities Authority 5% 06/01/2030	1.54%
9	—	City & County of Denver Airport System Revenue 5% 11/15/2032	1.47%
10	—	Metropolitan Transportation Authority 5% 11/15/2037	1.44%

F/m ZMUN · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 33.7%

How It Compares

ZMUN

F/m Ultrashort Tax-Free Municipal ETF’s Peers

YTD


JPST	J.P. MorganRead Desk	0.18%	+2.8%	+3.5%	$42.4B
PULS	PGIMRead Desk	0.15%	+3.3%	+4.1%	$19.6B
MINT	PIMCORead Desk	0.36%	+3.5%	+4.3%	$18.3B
VUSB	VanguardRead Desk	0.10%	+2.8%	+3.7%	$9.9B
ICSH	iSharesRead Desk	0.08%	+2.9%	+3.7%	$8.9B
ZMUN	F/mThis fundRead Desk	0.30%	+2.8%	+3.4%	$37M

Ultra-short peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put ZMUN head to head with JPST →

JPST vs ZMUN

YTD

JPSTJ.P. Morgan · Ultra-shortZMUNF/m · Ultra-short

Year to date

+2.8%

Level

Past year

+3.5%

+3.4%

JPST wins+0.1 pts

Fee

0.18%

0.30%

JPST winslower fee

Yield

4.1%

3.8%

JPST wins+0.3 pts

AUM

$42.4B

$37.4M

JPST1132.7× more

3–0JPST wins

J.P. Morgan JPST and F/m ZMUN · year-to-date · as of Nov 4, 2026 · AUM not scored

ZMUN vs VOO

YTD

ZMUN · F/m Ultrashort Tax-Free Municipal

+2.8%

VOO · S&P 500

+11.5%

Gap

8.7 pts

F/m ZMUN and Vanguard VOO · YTD total return · as of Nov 4, 2026

ZMUN vs Its Peer Average

YTD

ZMUNAvsBPeer average

1D+0.1%0.0%

1M+1.0%+0.5%

3M+0.7%+16261.1%

YTD+2.8%+2.8%

1Y+3.4%+3.5%

3Y[…]+15.5%

5Y[…]+18.4%

3–2ZMUN wins

55 Ultra-short peers · each row scaled to its leader

The Details

ZMUN

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y0.93%

Deepest drop · 1Y−1.0%

Lowest point · 5Y0.0%

52-week range

$49.89

$49.32−1.2% from the high$50.51

F/m ZMUN · past-year price moves · as of Nov 4, 2026

ZMUN

Fund Facts

Today

2025launched Sep 30

Tracks[…]

Exchange · CUSIPNASDAQ · 74933W163

StructureETF

Leverage1x

Cost on $10,000$30 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

F/m ZMUN · fund facts · as of Nov 4, 2026

ZMUN

Payouts by Year

$0.17per share, Oct 2026

Distribution yield3.8%

PaidEvery month

Latest ex-date · paidOct 27 · Oct 28, 2026

12 payouts added up$1.89 a share

F/m ZMUN · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

prospectus · SEC 497 ↗SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$49.88

Premium / discount[…]

Median spread · 30D[…]

Volume today1K

Average volume · 30D6K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.30%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$30.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 27, 2026	Oct 28, 2026	$0.17
Sep 28, 2026	Sep 29, 2026	$0.17
Aug 27, 2026	Aug 28, 2026	$0.17
Jul 28, 2026	Jul 29, 2026	$0.16
Jun 29, 2026	Jun 30, 2026	$0.16
May 28, 2026	May 29, 2026	$0.16
Apr 28, 2026	Apr 29, 2026	$0.16
Mar 30, 2026	Mar 31, 2026	$0.16
Feb 26, 2026	Feb 27, 2026	$0.16
Jan 29, 2026	Jan 30, 2026	$0.16
Dec 30, 2025	Dec 31, 2025	$0.16
Nov 26, 2025	Nov 28, 2025	$0.13

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