What does LTAX track?

LTAX is the Nomura Tax-Free USA ETF, a Other ETF.

What is the expense ratio of LTAX?

Expense ratio data for LTAX is shown on the page when available from our data provider.

What are the largest holdings in LTAX?

Top holdings include WASHINGTON ST 5% 02/51, NEW YORK N Y 5% 02/53, PUERTO RICO 4.75% 07/53, PUBLIC FIN 5.75% 12/65, PUERTO RICO VAR 11/43.

How can PortView analyze LTAX overlap with other ETFs?

PortView computes the holdings overlap between LTAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

Nomura Tax-Free USA (LTAX) ETF Holdings & Analysis

ETFOther

$24.41+0.00%

1-year price historyRange $24.41 – $25.47

52-week range$24.41

$24.41$25.47

What LTAX does

This actively managed exchange-traded fund focuses on securities providing exemption from federal income tax, including the federal alternative minimum tax (AMT). Its principal holdings are municipal debt instruments, originating from state and local authorities, utilized to finance public endeavors like healthcare facilities, educational institutions, and various infrastructure expenditures. A maximum of 20% of its assets may be directed towards high-yield debt offerings. The fund's strategy involves targeting a dollar-weighted average effective maturity ranging from 5 to 30 years. Distributions of income are subject to fluctuation based on prevailing interest rates and the composition of its underlying portfolio. Should availability be constrained in certain municipal bond sectors, the fund retains the flexibility to concentrate its investments more significantly in others. The diverse categories of municipal debt instruments that the fund may invest in encompass advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.

Fund profile

Top holdings

	Holding	Weight
	WASHINGTON ST 5% 02/51	2.54%
	NEW YORK N Y 5% 02/53	2.50%
	PUERTO RICO 4.75% 07/53	2.38%
	PUBLIC FIN 5.75% 12/65	2.09%
	PUERTO RICO VAR 11/43	1.88%
	NEW JERSEY ST 5.25% 06/41	1.87%
	MASSACHUSETTS ST 5% 02/34	1.83%
	ARIZONA ST 5% 07/40	1.81%
	TEXAS TRANSN 5.5% 10/55	1.74%
	MINNESOTA 5.25% 01/54	1.74%

Geographic allocation

Other

100.00%

PortView Portfolio Insights

PortView analyzes how LTAX 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 LTAX track?: LTAX is the Nomura Tax-Free USA ETF, a Other ETF.
What is the expense ratio of LTAX?: Expense ratio data for LTAX is shown on the page when available from our data provider.
What are the largest holdings in LTAX?: Top holdings include WASHINGTON ST 5% 02/51, NEW YORK N Y 5% 02/53, PUERTO RICO 4.75% 07/53, PUBLIC FIN 5.75% 12/65, PUERTO RICO VAR 11/43.
How can PortView analyze LTAX overlap with other ETFs?: PortView computes the holdings overlap between LTAX 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.