Nomura Tax-Free USA ETF

Frequently Asked Questions About LTAX

What are the top holdings of LTAX?

A machine-readable holdings disclosure for Nomura Tax-Free USA ETF (LTAX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does LTAX invest in?

Nomura Tax-Free USA ETF (LTAX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is LTAX most exposed to?

LTAX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is LTAX a US-only fund?

The country allocation card on this page shows LTAX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does LTAX invest in?

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.