The AB Ultra Short Income ETF seeks to provide current income, consistent with capital preservation, and to deliver higher yields compared with cash or cashlike investments. This ETF comes with a 0.25% expense ratio, according to AB's website.
The AB Tax-Aware Short Duration Municipal ETF seeks to provide relative stability of principal and a moderate after-tax return and income by offering municipal bond investors shorter-maturity bonds and opportunistic exposure to Treasurys and taxable bonds as a complement to their core allocations. It has a 0.27% expense ratio.
The two vehicles are "our first of many active ETFs," AB President and CEO Seth Bernstein said in a statement.
AB said it prioritized fixed income solutions for its first launch, given client preference and needs on short-duration yield-generating solutions in the current rising-rate environment.
