What does ZTAX track?

ZTAX is the X-Square Municipal Income ETF, a Other ETF.

What is the expense ratio of ZTAX?

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

What are the largest holdings in ZTAX?

Top holdings include Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Matching Fund Special Purpose Securitization Corp., Commonwealth of Puerto Rico.

How can PortView analyze ZTAX overlap with other ETFs?

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

X-Square Municipal Income (ZTAX) ETF Holdings & Analysis

ETFOther

$25.37+0.00%

1-year price historyRange $24.36 – $28.55

52-week range$25.37

$23.67$28.65

What ZTAX does

The X-Square Municipal Income ETF (ZTAX) primarily allocates a minimum of 80% of its investment capital (inclusive of any assets acquired through borrowing) to municipal debt instruments that offer exemption from both federal and state income tax. Management anticipates that the fund could potentially direct its entire portfolio, up to 100% of its assets, into tax-exempt municipal bonds issued by specific U.S. territories, namely Puerto Rico, Guam, and the U.S. Virgin Islands. These municipal securities may encompass a broad range of maturities, durations, and credit qualities, extending to and including those rated below investment grade, frequently known as "junk bonds." A key characteristic of this fund is its non-diversified structure.

Fund profile

Top holdings

	Holding	Weight
	Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue	19.04%
	Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue	16.21%
	Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue	8.67%
	Matching Fund Special Purpose Securitization Corp.	8.56%
	Commonwealth of Puerto Rico	8.05%
	Commonwealth of Puerto Rico	5.72%
	Puerto Rico Commonwealth Aqueduct & Sewer Authority	5.56%
	Puerto Rico Commonwealth Aqueduct & Sewer Authority	5.15%
	Puerto Rico Commonwealth Aqueduct & Sewer Authority	5.11%
	Puerto Rico Commonwealth Aqueduct & Sewer Authority	4.62%

Sector allocation

Cash & Others

100.00%

Geographic allocation

Other

100.00%

PortView Portfolio Insights

PortView analyzes how ZTAX 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 ZTAX track?: ZTAX is the X-Square Municipal Income ETF, a Other ETF.
What is the expense ratio of ZTAX?: Expense ratio data for ZTAX is shown on the page when available from our data provider.
What are the largest holdings in ZTAX?: Top holdings include Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Matching Fund Special Purpose Securitization Corp., Commonwealth of Puerto Rico.
How can PortView analyze ZTAX overlap with other ETFs?: PortView computes the holdings overlap between ZTAX 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.