ZTAXX-Square Municipal Income ETF
Seeks to provide income exempt from federal income tax.
By Xsquare Capital · Launched 2023
Annual Cost
0.92%
#4,764 of 5,861 · expensive
Fund Size
$7M
#5,039 of 5,861 · small
Dividend YieldGoal
4.43%
Track Record
3 years
#2,939 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,800+8.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 91.4% of fundconcentrated
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue
18.0%
Puerto Rico Cmwlth
13.6%
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue
9.9%
Matching Fund Spl Purpose Securitiztn Corp
9.6%
Puerto Rico Cmwlth
9.0%
Puerto Rico Cmwlth
7.6%
Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue
6.1%
Puerto Rico Cmwlth
6.0%
Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue
5.8%
Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue
5.7%
Asset allocation
Bonds
100.0%
Cash
0.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
32.8%High
Year-on-year price swings
Max drawdown
-14.9%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.20Below average
Sortino (3Y)
0.30Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
9.9 years
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide income exempt from federal income tax.
- Strategy
- Actively manages a non-diversified portfolio of U.S. dollar-denominated municipal securities issued by Puerto Rico, Guam, and the U.S. Virgin Islands, investing at least 80% in tax-exempt municipal securities. The Adviser analyzes legal and economic fundamentals to maximize liquidity and yield.
- Inception date
- May 18, 2023
- Fund family
- Xsquare Capital
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Data updated on 2026-08-04