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Nomura National High-Yield Municipal Bond (HTAX) ETF Holdings & Analysis
ETFOther
What HTAX does
HTAX is an actively managed Exchange Traded Fund (ETF) designed to generate substantial current income that is exempt from federal taxation. It primarily achieves this by investing in high-yield municipal bonds issued by U.S. state and local governments, which finance diverse public projects. The fund's portfolio encompasses a range of municipal bond maturities, with its dollar-weighted average effective maturity typically falling between 5 and 30 years. The portfolio manager strategically adjusts these maturities to strike a balance between maximizing tax-exempt income and preserving capital. Prospective income from the fund is subject to fluctuations, influenced by prevailing interest rates and the specific composition of its holdings. The fund retains the flexibility to invest in a broad spectrum of municipal bond types, including, but not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation. Should market conditions dictate, the manager may concentrate investments in particular bond categories or specific segments of the municipal bond market. Please note that effective December 1, 2025, the "Macquarie" portion of the fund's name will be replaced by "Nomura."
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| PUERTO RICO 5% 07/58 | 1.71% | |
| ARIZONA INDL VAR 02/48 | 1.57% | |
| GDB DEBT 7.5% 08/40 | 1.31% | |
| PUERTO RICO VAR 11/43 | 1.23% | |
| LOUISIANA PUB 5% 09/66 | 1.17% | |
| PUERTO RICO 4.75% 07/53 | 1.16% | |
| PUBLIC FIN 5.75% 12/65 | 1.12% | |
| NATIONAL FIN 5.5% 08/51 | 0.96% | |
| PUBLIC FIN 6.5% 12/65 | 0.92% | |
| PUBLIC FIN 5.75% 07/62 | 0.91% |
Geographic allocation
| Other | 100.00% |
PortView Portfolio Insights
PortView analyzes how HTAX fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does HTAX track?
- HTAX is the Nomura National High-Yield Municipal Bond ETF, a Other ETF.
- What is the expense ratio of HTAX?
- Expense ratio data for HTAX is shown on the page when available from our data provider.
- What are the largest holdings in HTAX?
- Top holdings include PUERTO RICO 5% 07/58, ARIZONA INDL VAR 02/48, GDB DEBT 7.5% 08/40, PUERTO RICO VAR 11/43, LOUISIANA PUB 5% 09/66.
- How can PortView analyze HTAX overlap with other ETFs?
- PortView computes the holdings overlap between HTAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.