HTAXNomura National High-Yield Municipal Bond ETF

Get income1y track recordRanked #1,094 of 1,622 in this goal

Seeks high current interest income exempt from federal income tax via medium- and lower-grade national municipal obligations.

By Nomura · Launched 2025

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$57M

#3,443 of 5,562 · mid-size

Dividend YieldGoal

4.50%

Track Record

1 year

#4,223 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,917+9.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 19.9% of fund✓ well diversified

Puerto Rico Sales Tax Financing Corp.

2.8%

GDB Debt Recovery Authority of Puerto Rico

2.6%

Commonwealth of Puerto Rico

2.2%

Puerto Rico Sales Tax Financing Corp.

2.1%

State of Ohio

1.9%

Public Finance Authority

1.7%

San Diego County Regional Airport Authority

1.7%

Salt River Project Agricultural Improvement & Power District

1.6%

Commonwealth of Puerto Rico

1.6%

Aerotropolis Regional Transportation Authority

1.6%

Asset allocation

Bonds

100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.7%Low

Year-on-year price swings

Max drawdown

-6.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

5.3 years

Avg maturity

9.4 years

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks high current interest income exempt from federal income tax via medium- and lower-grade national municipal obligations.
Strategy: Actively manages a national municipal-bond portfolio, investing at least 80% of net assets in municipal securities whose income is exempt from federal income tax — primarily medium- and lower-grade (high-yield) issues. Holds bonds across maturities with a dollar-weighted average effective maturity between 5 and 30 years, including revenue, general obligation, insured municipal, private activity bonds, leases, and certificates of participation. May concentrate in market segments when supply elsewhere is unsuitable; not an index fund.
Inception date: March 5, 2025
Fund family: Nomura