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›ETF Providers›Nomura›LTAX

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LTAX

US5559278883

Active ETF Fixed Income

LTAX ETF · Nomura Tax-Free USA ETF

The LTAX Exchange Traded Fund (ETF) is provided by Nomura. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.

Last update Yesterday at 1:30 PM UTC

LIVE

CLOSED

This fund is part ofMunicipal Bonds1M perf.+1.06%

Last price

$25.19

1M perf.

+1.82%

1M flows

+€532K

AuM

€5.4M

E/R

0.39%

Rating

Not rated

ESG Consensus®

LTAX

$25.19

Performance & flows

Segment for quartile rank

January 22, 2026 → April 22, 2026

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LTAX

$25.11

+1.36%

Municipal Bonds

+0.67%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	+1.82%	+1.36%	N/A	N/A	N/A	+1.74%	+1.74%	+1.20%
Flows

Key fund info

Segment for quartile rank

This ETF's jurisdiction country is not in your region (Europe and Middle East) ·

Main characteristics

Issuer

Nomura

CUSIP

555927888

ISIN

US5559278883

AuM

€5.4M

E/R

0.39%

ESG Consensus®

More details

NAV

4/22/2026

$25.11

1D NAV change

+0.04%

Dividend policy

Distributing

No. of holdings

Inception date

1/12/2026

Jurisdiction

United States

Distribution

United States

Legal structure

Open-end Fund

Base currency

USD

Dividend distribution

Trailing 12-month distr. yield

Distribution frequency

Last distribution

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Classification

Product type

Active ETF

Asset class

Fixed Income

Factors

N/A

Investment strategy

Nomura Tax-Free USA ETF seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations and as is consistent with prudent investment management and preservation of capital.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Risk profile

Segment for quartile rank

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	+1.36%	N/A	N/A	N/A
Volatility
Perf./Volatility
Max drawdown

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Synthetic Risk and Reward Indicator (SRRI)

UCITS

N/A

PRIIPS

N/A

More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

Countries

USA

84.49%

Unavailable

15.51%

Sectors

Municipal

19.89%

Unavailable

80.11%

Diversification

Total weight of top 15 holdings out of 60

Top 15 holdings

Data as of March 31, 2026

University of California, FRN 15may2048, USD (2013)

US93974FFM05

US64972JD396

Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD

US57585BTS78

US88283PAP27

US6049203E65

US73358XRY03

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US43233KAW45

US93878YEA38

US64972GT463

US09182THJ97

US39227AAA07

South Carolina Public Service Authority, 5% 1dec2044, USD

US19633TBA88

Create a free account to view top holdings

More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria

SDG

More sustainability metrics are available, exclusively in Trackinsight Enterprise

Issuer

Nomura

Nomura ID Card

Number of funds

Total AuM

€285.63B

Expense ratio range

0.07% - 1.32%

Average expense ratio

0.3808%

View all Nomura funds

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Nomura Asset Management Co., Ltd. (NAM), the core company within the Investment Management Division of Nomura Group, is one of Japan’s largest asset management companies and has expanded worldwide from Japan to the rest of Asia, Europe, and North America. NAM’s “NEXT FUNDS” line of exchange traded funds has been the driving force of the Japanese ETF marketplace since its creation in May 1995. NEXT FUNDS boasts the largest share of assets under management in Asia’s ETF market.

Via Offical website

Frequently asked questions about LTAX

What does Nomura Tax-Free USA ETF, LTAX, invest in?

LTAX is a Active ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.

What is the Total Expense ratio (TER) of LTAX?

LTAX carries a total expense ratio (TER) of 0.39%, indicating the annual cost for holding the fund.

When was LTAX launched?

LTAX was introduced to the market on January 12, 2026. It trades on United States

Who is the ETF issuer of LTAX?

Nomura Tax-Free USA ETF, LTAX, is provided by Nomura. Learn more about Nomura here.

What is the current assets under management (AUM) of LTAX?

LTAX oversees €5.4M in assets as of April 22, 2026.

How has LTAX performed lately?

Based on data from April 22, 2026, LTAX returned 1.82% over the past month and 1.36% over the last three months.

What are the latest inflows or outflows for LTAX?

As of April 22, 2026, LTAX recorded net flows of +€537K over the last month.

Does LTAX distribute dividends?

LTAX follows a distributing dividend policy, meaning it pays out income to investors.

What are the main country or region exposures of LTAX?

As of March 31, 2026, LTAX has significant geographic allocations in USA.

In which sector or theme does LTAX invest in?

As of March 31, 2026, LTAX focuses largely on Municipal.

How many securities does LTAX hold and how diversified is it?

As of March 31, 2026, LTAX holds 60 positions in its portfolio, with 31.64% of assets concentrated in its top 15 holdings.

What are the main positions in LTAX?

As of March 31, 2026, LTAX top three holdings include University of California, FRN 15may2048, USD (2013), US93974FFM05 and US64972JD396.

What is the base currency of LTAX?

The base currency of LTAX is USD.

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Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

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LTAX ETF · Nomura Tax-Free USA ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Essentials

Enterprise

Risk profile

Historical risk/return profile

Exposure

Sustainability

Issuer

Frequently asked questions about LTAX

What does Nomura Tax-Free USA ETF, LTAX, invest in?

LTAX is a Active ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.

What is the Total Expense ratio (TER) of LTAX?

LTAX carries a total expense ratio (TER) of 0.39%, indicating the annual cost for holding the fund.

When was LTAX launched?

LTAX was introduced to the market on January 12, 2026. It trades on United States

Who is the ETF issuer of LTAX?

Nomura Tax-Free USA ETF, LTAX, is provided by Nomura. Learn more about Nomura here.

What is the current assets under management (AUM) of LTAX?

LTAX oversees €5.4M in assets as of April 22, 2026.

How has LTAX performed lately?

Based on data from April 22, 2026, LTAX returned 1.82% over the past month and 1.36% over the last three months.

What are the latest inflows or outflows for LTAX?

As of April 22, 2026, LTAX recorded net flows of +€537K over the last month.

Does LTAX distribute dividends?

LTAX follows a distributing dividend policy, meaning it pays out income to investors.

What are the main country or region exposures of LTAX?

As of March 31, 2026, LTAX has significant geographic allocations in USA.

In which sector or theme does LTAX invest in?

As of March 31, 2026, LTAX focuses largely on Municipal.

How many securities does LTAX hold and how diversified is it?

As of March 31, 2026, LTAX holds 60 positions in its portfolio, with 31.64% of assets concentrated in its top 15 holdings.

What are the main positions in LTAX?

As of March 31, 2026, LTAX top three holdings include University of California, FRN 15may2048, USD (2013), US93974FFM05 and US64972JD396.

What is the base currency of LTAX?

The base currency of LTAX is USD.

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