AUM $88.0MER 0.49%NAV $23.16Holdings —Inception Mar 2025
Price Chart
Key Statistics
Previous Close
$23.23Day Range
$23.13$23.34
52-Week Range
$22.72$25.05
Avg Volume
105.5KDividend Yield
4.32%Expense Ratio
0.49%AUM
$88.0MShares Outstanding
1.3METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Country Allocation
| Country | Weight % |
|---|---|
| United States | 100.08% |
Fund Information
- Issuer
- Nomura
- Inception Date
- Mar 6, 2025
- Exchange
- NYSE_ARCA
- Description
- HTAX is an actively managed fund that seeks high current interest income exempt from federal tax by investing primarily in US high-yield municipal bonds. The fund includes debt obligations issued by state and local governments to raise funds for various public purposes. The portfolio holds municipal bonds of various maturities, with a dollar-weighted average effective maturity between 5 and 30 years. The manager adjusts bond maturity to balance the aim of providing high tax-exempt income with capital preservation. The fund's income may vary depending on interest rates and portfolio holdings. It may include various types of municipal bonds, including advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation. The fund may concentrate its investments in certain types of bonds or in a certain segment of the municipal bond market as deemed necessary. Effective Dec. 1, 2025, Macquarie in the funds name was replaced with Nomura.
The Nomura National High-Yield Municipal Bond ETF (HTAX) is an exchange-traded fund issued by Nomura that launched on Mar 6, 2025. It currently manages $88.0M in assets under management. The fund charges an expense ratio of 0.49%.
Top 10 holdings represent 11.7% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | JEFFERSON 5.25% 10/49 | 1.59% | 1,450,000 | $1.4M |
| 2 | — | OKLAHOMA CAP IMP 5% 07/37 | 1.16% | 950,000 | $1.0M |
| 3 | — | ILLINOIS ST 5.5% 04/51 | 1.14% | 1,000,000 | $1.0M |
| 4 | — | HOUSTON TEX 5.5% 09/58 | 1.14% | 995,000 | $1.0M |
| 5 | — | BAY AREA TOLL VAR 04/59 | 1.14% | 1,000,000 | $1.0M |
| 6 | — | VIRGINIA VAR 07/37 | 1.14% | 1,000,000 | $1.0M |
| 7 | — | GDB DEBT 7.5% 08/40 | 1.12% | 1,000,116 | $981K |
| 8 | — | PUERTO RICO 5% 07/58 | 1.10% | 1,050,000 | $963K |
| 9 | — | PENNSYLVANIA 6% 06/61 | 1.09% | 950,000 | $956K |
| 10 | — | ALABAMA TOLL RD 5% 01/56 | 1.06% | 950,000 | $932K |
| 11 | — | ARIZONA INDL VAR 02/48 | 1.05% | 925,000 | $925K |
| 12 | — | OKLAHOMA DEV 5.5% 08/52 | 1.01% | 900,000 | $887K |
| 13 | — | PUERTO RICO 4.75% 07/53 | 1.01% | 980,000 | $885K |
| 14 | — | LIBERTY N Y 5.25% 10/35 | 0.96% | 785,000 | $842K |
| 15 | — | PENNSYLVANIA ST 5% 12/42 | 0.92% | 800,000 | $805K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -0.38% | |
| 1W | +1.14% | |
| 1M | -2.14% | |
| 3M | -5.38% | |
| 6M | -6.12% | |
| YTD | -4.91% | |
| 1Y | -6.15% | |
| 3Y | -7.03% | |
| 5Y | -7.03% |
Moving Averages
20-Day MA
$23.00
Above 20-Day MA50-Day MA
$23.62
Below 50-Day MA200-Day MA
$24.32
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$25.05
Current Price
$23.14
52-Week Low
$22.72
$22.72$25.05
Current Yield
4.32%
Annual Dividend
$0.3662
Frequency
Monthlyx/year
Last Ex-Date
May 29, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.0930 | Jun 4, 2026 |
| Apr 30, 2026 | $0.0977 | May 6, 2026 |
| Mar 31, 2026 | $0.0935 | Apr 7, 2026 |
| Feb 27, 2026 | $0.0820 | Mar 5, 2026 |
| Jan 30, 2026 | $0.0853 | Feb 5, 2026 |
| Dec 24, 2025 | $0.0957 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0951 | Dec 4, 2025 |
| Oct 31, 2025 | $0.1021 | Nov 6, 2025 |
| Sep 30, 2025 | $0.0943 | Oct 6, 2025 |
| Aug 29, 2025 | $0.0948 | Sep 5, 2025 |
| Jul 31, 2025 | $0.0925 | Aug 6, 2025 |
| Jun 30, 2025 | $0.0804 | Jul 7, 2025 |
| May 30, 2025 | $0.1437 | Jun 5, 2025 |
| Apr 30, 2025 | $0.0942 | May 6, 2025 |
Dividend Payments Over Time
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