LTAXNomura Tax-Free USA ETF
Seeks as high a level of current interest income exempt from federal income tax as is consistent with prudent investment management and preservation of capital.
By Nomura · Launched 2026
Annual Cost
0.39%
#1,988 of 6,040 · low cost
Fund Size
$6M
#5,205 of 6,040 · small
Return (1Y)
N/A
Track Record
8 months
#5,073 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$9,839-1.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 23.3% of funddiversified
University of California
3.6%
State of Washington
2.8%
New York City Transitional Finance Authority
2.8%
Puerto Rico Sales Tax Financing Corp.
2.5%
Arizona Department of Transportation State Highway Fund Revenue
2.0%
Texas Transportation Finance Corp.
1.9%
Minnesota Agricultural & Economic Development Board
1.9%
Port Authority of New York & New Jersey
1.9%
Hillsborough County Industrial Development Authority
1.9%
Washington Metropolitan Area Transit Authority
1.9%
Asset allocation
Bonds
99.6%
Cash
0.4%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-5.3%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
5.1 years
Avg maturity
9.9 years
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks as high a level of current interest income exempt from federal income tax as is consistent with prudent investment management and preservation of capital.
- Strategy
- Actively manages a portfolio of U.S. municipal debt obligations (revenue bonds, general obligation bonds, advance refunded bonds, insured municipal bonds, private activity bonds, municipal leases, certificates of participation) issued by state and local governments, with at least 80% in federally tax-exempt securities. May invest up to 20% in high yield (junk) bonds, with a dollar-weighted average effective maturity typically between 5 and 30 years.
- Inception date
- January 12, 2026
- Fund family
- Nomura
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Data updated on 2026-09-18