STAXNomura Tax-Free USA Short Term ETF
Seeks a high level of current interest income exempt from federal income tax, while attempting to preserve capital.
By Nomura · Launched 2023
Annual Cost
0.29%
#1,333 of 6,040 · low cost
Fund Size
$11M
#4,904 of 6,040 · small
Return (1Y)
+0.6%
Track Record
2 years
#3,237 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,053+0.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 31.2% of funddiversified
Housing & Redevelopment Authority of The City of St. Paul Minnesota
3.8%
City of Chicago
3.8%
State of Texas
3.5%
Port Authority of New York & New Jersey
3.2%
New York City Municipal Water Finance Authority
3.2%
Pittsburgh Water & Sewer Authority
3.0%
New Hampshire Business Finance Authority
2.8%
Montgomery County Higher Education and Health Authority
2.7%
Arizona Industrial Development Authority
2.7%
Colorado Educational & Cultural Facilities Authority
2.6%
Asset allocation
Bonds
95.6%
Cash
4.4%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.3%Low
Year-on-year price swings
Max drawdown
-1.4%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
4.8 years
Avg maturity
10.4 years
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks a high level of current interest income exempt from federal income tax, while attempting to preserve capital.
- Strategy
- Actively manages a portfolio of short-term U.S. municipal debt obligations issued by state and local governments, with a dollar-weighted average effective maturity of 1-5 years, seeking income exempt from federal income tax (including the Federal AMT). May invest up to 20% of net assets in high-yield municipal securities (junk bonds). Not an index fund.
- Inception date
- November 28, 2023
- Fund family
- Nomura
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Data updated on 2026-09-18