AUM $7.1MER 0.39%NAV $23.56Holdings —Inception Jan 2026
Price Chart
Key Statistics
Previous Close
$23.56Day Range
$23.52$23.58
52-Week Range
$23.06$25.47
Avg Volume
6.2KDividend Yield
0.40%Expense Ratio
0.39%AUM
$7.1MShares Outstanding
254.8KETF 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 | 98.90% |
| Other | 1.10% |
Fund Information
- Issuer
- Nomura
- Inception Date
- Jan 12, 2026
- Exchange
- NYSE_ARCA
- Description
- LTAX is actively managed and invests in securities exempt from federal income tax, including the federal alternative minimum tax (Federal AMT). It primarily holds municipal debt obligations issued by state and local governments for public purposes such as hospitals, schools, and capital expenses. Up to 20% of the portfolio may be allocated to high-yield debt securities. The fund aims to maintain a dollar-weighted average effective maturity of 5 to 30 years. Income levels may vary with interest rates and portfolio composition. The fund may concentrate on holdings in specific municipal bond sectors when supply in other sectors is limited. Municipal debt types include advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.
The Nomura Tax-Free USA ETF (LTAX) is an exchange-traded fund issued by Nomura that launched on Jan 12, 2026. It currently manages $7.1M in assets under management. The fund charges an expense ratio of 0.39%.
Top 10 holdings represent 17.7% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | MARYLAND ST VAR 06/48 | 2.83% | 200,000 | $200K |
| 2 | — | NEW YORK N Y 5% 02/53 | 2.07% | 150,000 | $146K |
| 3 | — | PUERTO RICO 4.75% 07/53 | 1.93% | 151,000 | $136K |
| 4 | — | PUBLIC FIN 5.75% 06/60 | 1.76% | 125,000 | $124K |
| 5 | — | PUERTO RICO VAR 11/43 | 1.61% | 163,543 | $114K |
| 6 | — | MASSACHUSETTS ST 5% 02/34 | 1.54% | 100,000 | $109K |
| 7 | — | NEW JERSEY ST 5.25% 06/41 | 1.54% | 105,000 | $109K |
| 8 | — | MOBILE CNTY 4.75% 12/54 | 1.54% | 125,000 | $109K |
| 9 | — | TARRANT REGL WTR 5% 03/41 | 1.46% | 100,000 | $103K |
| 10 | — | MINNESOTA 5.25% 01/54 | 1.44% | 105,000 | $102K |
| 11 | — | GREATER 5.25% 11/34 | 1.44% | 100,000 | $101K |
| 12 | — | BLACK BELT 5% 07/33 | 1.43% | 100,000 | $101K |
| 13 | — | HILLSBOROUGH 5.5% 11/54 | 1.43% | 100,000 | $101K |
| 14 | — | WASHINGTON D 5.25% 07/50 | 1.43% | 100,000 | $101K |
| 15 | — | NATIONAL FIN 5.5% 08/51 | 1.42% | 100,000 | $101K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.00% | |
| 1W | +1.29% | |
| 1M | -1.63% | |
| 3M | -4.96% | |
| 6M | -6.22% | |
| YTD | -5.71% | |
| 1Y | -5.71% | |
| 3Y | -5.71% | |
| 5Y | -5.71% |
Moving Averages
20-Day MA
$23.36
Above 20-Day MA50-Day MA
$24.01
Below 50-Day MA200-Day MA
$24.77
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$25.47
Current Price
$23.56
52-Week Low
$23.06
$23.06$25.47
Current Yield
0.40%
Annual Dividend
$0.3181
Frequency
Monthlyx/year
Last Ex-Date
May 29, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.0790 | Jun 4, 2026 |
| Apr 30, 2026 | $0.0799 | May 6, 2026 |
| Mar 31, 2026 | $0.0782 | Apr 7, 2026 |
| Feb 27, 2026 | $0.0810 | Mar 5, 2026 |
| Jan 30, 2026 | $0.0188 | Feb 5, 2026 |
Dividend Payments Over Time
Category Comparison
No category data available for comparison.
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