ZMUNOverviewHoldingsDividendsFlowsCompare

ZMUN · F/m Ultrashort Tax-Free Municipal ETF

ZMUN returned +2.9% over the year to Oct 20, 2026, charges 0.30% a year and holds $35m in net assets on Oct 19, 2026.

Bond fundTracks an index0.30% fee$35m on Oct 19, 2026First traded Sep 30, 2025Fund page at the issuer ↗SEC filings ↗Dividend history

ZMUN tracks an index and returned +2.9% over the past year.

+2.9%
Total return, 1 year
Report
0.30%
Expense ratio
Report
157
Holdings
Report
−0.1%
Below its high
Report
3.6%
12-month yield, capital gains included, on its starting price
Report
$0.1653
Last payment (paid monthly), ex-date Sep 28, 2026
Report

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Price and total return, 1 year

$49.80−0.1%1 day, priceClose, Oct 20, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 20, 2026. Updated every trading night. Report a data error

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ZMUN returns by window: total return, cash paid and price change
WindowTotal return
1M Sep 18 – Oct 20, 2026+0.2%
3M Jul 21 – Oct 20, 2026+0.3%
6M Apr 21 – Oct 20, 2026+1.1%
YTD Dec 31, 2025 – Oct 20, 2026+2.3%
1Y Oct 20, 2025 – Oct 20, 2026+2.9%
Since launch Sep 30, 2025 – Oct 20, 2026+3.1%
Since launch, annualised Sep 30, 2025 – Oct 20, 2026+2.9%

Total return at closing prices, distributions reinvested. Every column is a total return. Year to date runs from the last close of the year before. Annualised is the steady yearly rate that gives the since-launch total over the same days. Not shown: 3 years, which the fund has not been listed long enough to fill (listed Sep 2025); its since-launch row covers all of its record. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Report a data error

Money in and out

Monthly figures · as of May 31, 2026

ZMUN: in the month to May 31, 2026, net $9.5m came in, by its SEC filing.

Since Sep 2025
+$27.0m
Sep 1, 2025 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions ZMUN files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for ZMUN, back to Sep 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare ZMUN with other funds in the flows tool

Month by month, money in and money outSep 2025 to May 2026

ZMUN, money in and money out each month from Sep 2025 to May 2026: two bars a month, money in above the line and money out below. Every bar is from ZMUN’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 6 and went out in 1.

Every bar is from ZMUN’s SEC filings (N-PORT item B.6). Of the 9 months listed, money came in on net in 6 and went out in 1.

MonthInOutNet
May 2026 SEC Form N-PORT+$10.5m−$1.0m+$9.5m
Apr 2026 SEC Form N-PORT+$2.5m$0+$2.5m
Mar 2026 SEC Form N-PORT+$3.5m$0+$3.5m
Feb 2026 SEC Form N-PORT$0−$1.5m−$1.5m
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT+$2.0m$0+$2.0m
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT+$10.0m$0+$10.0m
Sep 2025 SEC Form N-PORT+$1.0m$0+$1.0m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report. Report a data error

ZMUN key stats

52-week high, daily closes to Oct 20, 2026 (ETFIQ)$50.24 on Dec 29, 2025
52-week low, daily closes to Oct 20, 2026 (ETFIQ)$49.33 on Sep 29, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$49.80, 51% of the way from the low to the high
Holdings157
Top ten weight24.2%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About ZMUN

What it tracksnot read by ETFIQ
Fund typeBond fund
Category (ETFIQ)Bonds · Municipal, national, short
Expense ratio (497 XBRL, Oct 3, 2025)0.30%
Price$49.80
First tradedSep 30, 2025
Net assets (the issuer’s own figure for this ETF, as of Oct 19, 2026)$35mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of May 31, 2026; its prospectus names no index it tracks
Below its high (ETFIQ)−0.1%
Holdings157
Top ten weight24.2%
Holdings as of (SEC N-PORT)May 31, 2026
How we measure
Holdings for ZMUN are read from the F/m Ultrashort Tax-Free Municipal ET filing, which tracks the same index; ZMUN files on a different schedule.

Questions people ask about ZMUN

How has ZMUN performed?
Over the year to Oct 20, 2026, ZMUN returned +2.9% with distributions reinvested.
What does ZMUN cost?
The prospectus expense ratio is 0.30% a year.
How far is ZMUN below its high?
0.1% below its high of Oct 15, 2026, measured on the reinvested series to Oct 20, 2026.
Sources and dates
Prices, ZMUNTiingo end-of-day · Oct 20, 2026
Fee, 0.30%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $35mThe issuer’s own figure for this ETF · Oct 19, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerF/m page for ZMUN ↗
All fund filingsFund filings on SEC EDGAR ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
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ETFIQ, ZMUN, bond fund, data as of Oct 20, 2026. https://etfiq.com/funds/zmun

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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ZMUN: ZMUN over 1 year: total return +2.9%, S&P 500 +15.8%, −12.8 pts. Figures to Oct 20, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/zmun"><img src="https://etfiq.com/assistant/api/embed/core/zmun.svg" alt="ZMUN: ZMUN over 1 year: total return +2.9%, S&amp;P 500 +15.8%, −12.8 pts. Figures to Oct 20, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">ZMUN: ZMUN over 1 year: total return +2.9%, S&amp;P 500 +15.8%, −12.8 pts. Figures to Oct 20, 2026. Data: <a href="https://etfiq.com/funds/zmun">ETFIQ</a></figcaption>
</figure>

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