F/m Ultrashort Tax Free Municipal ETF (ZMUN)

F/m Ultrashort Tax Free Municipal ETF (ZMUN) is an exchange-traded fund in the Muni National Short category. It has $31.27M in assets and an expense ratio of 0.30%. Under normal market conditions, F/m Investments LLC (the “Adviser”) seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in U.S. municipal investment grade bonds that are exempt from federal and certain state taxes, and which are currently callable or callable within the next three (3) months. The fund is non-diversified.