STAXNomura Tax-Free USA Short Term ETF

Get income Stay safe2y track recordRanked #174 of 340 in this goal

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%

#1,391 of 5,562 · low cost

Fund Size

$6M

#4,949 of 5,562 · small

Dividend YieldGoal

3.23%

Track Record

2 years

#3,304 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,381+3.8%

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 = 34.0% of fund✓ well diversified

Housing & Redevelopment Authority of The City of St Paul Minnesota

4.3%

City of Chicago

4.2%

State of Texas

3.9%

Port Authority of New York & New Jersey

3.5%

Pittsburgh Water & Sewer Authority

3.4%

New Hampshire Business Finance Authority

3.1%

Montgomery County Higher Education and Health Authority

3.0%

Arizona Industrial Development Authority

3.0%

Colorado Educational & Cultural Facilities Authority

2.9%

City of Los Angeles Department of Airports

2.9%

Asset allocation

Bonds

96.2%

Cash

3.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.1%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

4.9 years

Avg maturity

10.4 years

Where to buy

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