LTAX Nomura Tax-Free USA ETF
Quote as of Oct 09, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 23.12 | Day Range | 23.18 – 23.25 |
| 52-Week Range | 23.06 – 25.47 | Volume | 3.04K |
| Avg Volume | 1.67K | AUM | $6.9M (Oct 10, 2026) |
| Expense Ratio | 0.39% | Yield (TTM) | 2.93% |
| NAV | 23.01 | Premium/Discount | +0.74% indicative |
| Inception | Jan 12, 2026 | Holdings | — |
| Issuer | Nomura | Exchange | AMEX |
| Category | Healthcare | Index Tracked | Not stated in source data |
| CUSIP | 555927888 | ISIN | US5559278883 |
| Management | Actively managed (per issuer description) | ||
About this ETF
This actively managed exchange-traded fund focuses on securities providing exemption from federal income tax, including the federal alternative minimum tax (AMT). Its principal holdings are municipal debt instruments, originating from state and local authorities, utilized to finance public endeavors like healthcare facilities, educational institutions, and various infrastructure expenditures. A maximum of 20% of its assets may be directed towards high-yield debt offerings. The fund's strategy involves targeting a dollar-weighted average effective maturity ranging from 5 to 30 years. Distributions of income are subject to fluctuation based on prevailing interest rates and the composition of its underlying portfolio. Should availability be constrained in certain municipal bond sectors, the fund retains the flexibility to concentrate its investments more significantly in others. The diverse categories of municipal debt instruments that the fund may invest in encompass advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.
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 | -4.10% | -8.05% | -7.02% | — | — | — | — | — | -7.47% |
| Total return | -4.10% | -7.72% | -5.81% | — | — | — | — | — | -5.62% |
* 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 | 0.39% | Annual cost of a $10,000 investment | $39.00 |
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. 110 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | US DOLLAR | — | 5.94% | 419.84K | $419.8K |
| 2 | MARYLAND ST VAR 06/48 | — | 2.83% | 200.00K | $200.0K |
| 3 | NEW YORK N Y 5% 02/53 | — | 2.04% | 150.00K | $144.1K |
| 4 | PUERTO RICO 4.75% 07/53 | — | 1.89% | 151.00K | $133.8K |
| 5 | PUBLIC FIN 5.75% 06/60 | — | 1.67% | 125.00K | $118.3K |
| 6 | PUERTO RICO VAR 11/43 | — | 1.61% | 163.54K | $113.9K |
| 7 | MASSACHUSETTS ST 5% 02/34 | — | 1.53% | 100.00K | $107.9K |
| 8 | NEW JERSEY ST 5.25% 06/41 | — | 1.52% | 105.00K | $107.3K |
| 9 | MOBILE CNTY 4.75% 12/54 | — | 1.50% | 125.00K | $105.7K |
| 10 | TARRANT REGL WTR 5% 03/41 | — | 1.44% | 100.00K | $101.6K |
| 11 | BLACK BELT 5% 07/33 | — | 1.43% | 100.00K | $100.8K |
| 12 | GREATER 5.25% 11/34 | — | 1.42% | 100.00K | $100.2K |
| 13 | MINNESOTA 5.25% 01/54 | — | 1.42% | 105.00K | $100.2K |
| 14 | HILLSBOROUGH 5.5% 11/54 | — | 1.42% | 100.00K | $100.1K |
| 15 | WASHINGTON D 5.25% 07/50 | — | 1.42% | 100.00K | $100.0K |
| 16 | OHIO ST HIGHER VAR 01/39 | — | 1.42% | 100.00K | $100.0K |
| 17 | NATIONAL FIN 5.5% 08/51 | — | 1.40% | 100.00K | $98.5K |
| 18 | SOUTH CAROLINA 5% 12/44 | — | 1.39% | 100.00K | $98.3K |
| 19 | ILLINOIS FIN 5.5% 04/56 | — | 1.39% | 100.00K | $98.2K |
| 20 | NEW YORK N Y 5.25% 02/53 | — | 1.38% | 100.00K | $97.8K |
| 21 | MIAMI-DADE 5.5% 10/56 | — | 1.38% | 100.00K | $97.3K |
| 22 | YUMA ARIZ 5.25% 08/49 | — | 1.36% | 100.00K | $96.3K |
| 23 | CHICAGO ILL O 5.25% 01/61 | — | 1.36% | 100.00K | $96.2K |
| 24 | METROPOLITAN 5% 07/46 | — | 1.36% | 100.00K | $96.0K |
| 25 | NEW JERSEY ST 5% 06/50 | — | 1.36% | 100.00K | $96.0K |
Click a ticker to see every ETF that owns it.
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) | 2.93% | Paid (last 12 months) | $0.6793 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 30, 2026 | Last payment | $0.0945 (Oct 06, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 30, 2026 | Sep 30, 2026 | Oct 06, 2026 | $0.0945 |
| Aug 31, 2026 | Aug 31, 2026 | Sep 04, 2026 | $0.0822 |
| Jul 31, 2026 | Jul 31, 2026 | Aug 06, 2026 | $0.0831 |
| Jun 30, 2026 | Jun 30, 2026 | Jul 07, 2026 | $0.0826 |
| May 29, 2026 | May 29, 2026 | Jun 04, 2026 | $0.0790 |
| Apr 30, 2026 | Apr 30, 2026 | May 06, 2026 | $0.0799 |
| Mar 31, 2026 | Mar 31, 2026 | Apr 07, 2026 | $0.0782 |
| Feb 27, 2026 | Feb 27, 2026 | Mar 05, 2026 | $0.0810 |
| Jan 30, 2026 | Jan 30, 2026 | Feb 05, 2026 | $0.0188 |
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
Liquidity
| Volume today | 3.04K | Average volume | 1.67K |
| AUM | $6.9M | Premium/Discount | +0.74% |
| 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 | $600.0K | +9.52% | $6.3M → $6.9M |
| 1 Month | $2.1M | +41.04% | $5.0M → $6.9M |
| 1 Week | $1.1M | +19.14% | $5.8M → $6.9M |
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 LTAX
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.