HTAX Nomura National High-Yield Municipal Bond ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 22.73 | Day Range | 22.69 – 22.91 |
| 52-Week Range | 22.61 – 25.08 | Volume | 26.93K |
| Avg Volume | 22.27K | AUM | $79.8M (Oct 10, 2026) |
| Expense Ratio | 0.49% | Yield (TTM) | 4.89% |
| NAV | 22.64 | Premium/Discount | +0.66% indicative |
| Inception | Mar 05, 2025 | Holdings | — |
| Issuer | Nomura | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 555927870 | ISIN | US5559278701 |
| Management | Actively managed (per issuer description) | ||
About this ETF
HTAX is an actively managed Exchange Traded Fund (ETF) designed to generate substantial current income that is exempt from federal taxation. It primarily achieves this by investing in high-yield municipal bonds issued by U.S. state and local governments, which finance diverse public projects. The fund's portfolio encompasses a range of municipal bond maturities, with its dollar-weighted average effective maturity typically falling between 5 and 30 years. The portfolio manager strategically adjusts these maturities to strike a balance between maximizing tax-exempt income and preserving capital. Prospective income from the fund is subject to fluctuations, influenced by prevailing interest rates and the specific composition of its holdings. The fund retains the flexibility to invest in a broad spectrum of municipal bond types, including, but not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation. Should market conditions dictate, the manager may concentrate investments in particular bond categories or specific segments of the municipal bond market. Please note that effective December 1, 2025, the "Macquarie" portion of the fund's name will be replaced by "Nomura."
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.28% | -8.07% | -6.75% | -6.29% | -6.41% | — | — | — | -5.36% |
| Total return | -4.28% | -7.70% | -5.24% | -3.76% | -2.77% | — | — | — | -1.51% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.49% | Annual cost of a $10,000 investment | $49.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 270 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | US DOLLAR | — | 6.21% | 5.44M | $5.4M |
| 2 | OKLAHOMA CAP IMP 5% 07/37 | — | 1.15% | 950.00K | $1.0M |
| 3 | VIRGINIA VAR 07/37 | — | 1.14% | 1.00M | $1.0M |
| 4 | BAY AREA TOLL VAR 04/59 | — | 1.14% | 1.00M | $1.0M |
| 5 | GDB DEBT 7.5% 08/40 | — | 1.12% | 1.00M | $981.4K |
| 6 | HOUSTON TEX 5.5% 09/58 | — | 1.12% | 995.00K | $980.3K |
| 7 | PENNSYLVANIA 6% 06/61 | — | 1.08% | 950.00K | $946.9K |
| 8 | PUERTO RICO 5% 07/58 | — | 1.07% | 1.05M | $938.4K |
| 9 | ARIZONA INDL VAR 02/48 | — | 1.06% | 925.00K | $925.0K |
| 10 | JEFFERSON 5.25% 10/49 | — | 1.04% | 975.00K | $908.7K |
| 11 | ALABAMA TOLL RD 5% 01/56 | — | 1.02% | 950.00K | $897.1K |
| 12 | PUERTO RICO 4.75% 07/53 | — | 0.99% | 980.00K | $868.5K |
| 13 | LIBERTY N Y 5.25% 10/35 | — | 0.95% | 785.00K | $829.9K |
| 14 | PENNSYLVANIA ST 5% 12/42 | — | 0.90% | 800.00K | $791.9K |
| 15 | PUERTO RICO ZERO 07/46 | — | 0.88% | 2.25M | $773.8K |
| 16 | PENNSYLVANIA 5.5% 12/54 | — | 0.86% | 750.00K | $752.7K |
| 17 | PUERTO RICO ZERO 07/51 | — | 0.84% | 3.00M | $732.8K |
| 18 | OHIO ST AIR 4.5% 01/48 | — | 0.83% | 850.00K | $728.0K |
| 19 | CLACKAMAS CNTY 5.5% 11/51 | — | 0.82% | 750.00K | $717.8K |
| 20 | PUERTO RICO VAR 11/43 | — | 0.81% | 1.01M | $706.3K |
| 21 | MOBILE CNTY 4.75% 12/54 | — | 0.79% | 815.00K | $689.0K |
| 22 | VIRGINIA SMALL 5% 12/56 | — | 0.76% | 750.00K | $664.9K |
| 23 | LOUISIANA PUB 5% 09/66 | — | 0.75% | 750.00K | $653.2K |
| 24 | MOBILE CNTY ALA 5% 06/54 | — | 0.73% | 725.00K | $638.4K |
| 25 | CALIFORNIA VAR 01/65 | — | 0.70% | 900.00K | $612.0K |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.89% | Paid (last 12 months) | $1.1144 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 30, 2026 | Last payment | $0.0818 (Oct 06, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 30, 2026 | Sep 30, 2026 | Oct 06, 2026 | $0.0818 |
| Aug 31, 2026 | Aug 31, 2026 | Sep 04, 2026 | $0.0962 |
| Jul 31, 2026 | Jul 31, 2026 | Aug 06, 2026 | $0.0957 |
| Jun 30, 2026 | Jun 30, 2026 | Jul 07, 2026 | $0.0963 |
| May 29, 2026 | May 29, 2026 | Jun 04, 2026 | $0.0930 |
| Apr 30, 2026 | Apr 30, 2026 | May 06, 2026 | $0.0977 |
| Mar 31, 2026 | Mar 31, 2026 | Apr 07, 2026 | $0.0935 |
| Feb 27, 2026 | Feb 27, 2026 | Mar 05, 2026 | $0.0820 |
| Jan 30, 2026 | Jan 30, 2026 | Feb 05, 2026 | $0.0853 |
| Dec 24, 2025 | Dec 24, 2025 | Dec 31, 2025 | $0.0957 |
| Nov 28, 2025 | Nov 28, 2025 | Dec 04, 2025 | $0.0951 |
| Oct 31, 2025 | Oct 31, 2025 | Nov 06, 2025 | $0.1021 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 5.14% / — | Sharpe 1Y / 3Y | -1.35 / — |
| Max drawdown 1Y / 3Y | -8.76% / — | Sortino 1Y | -1.74 |
| Beta vs S&P 500 (3Y) | 0.036 | Correlation vs S&P 500 (1Y) | 0.314 |
| Downside deviation 1Y | 3.98% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 26.93K | Average volume | 22.27K |
| AUM | $79.8M | Premium/Discount | +0.66% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $8.5M | +11.92% | $71.3M → $79.8M |
| 1 Month | $50.8M | +168.52% | $30.1M → $79.8M |
| 1 Week | $11.4M | +16.60% | $68.8M → $79.8M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for HTAX
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.