NomuraMuni National LongLTAX · NYSE Arca

Nomura Tax-Free USA ETF (LTAX)

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Price: $23.52; —25 Sept 2026
Assets: $6.1M; Total net assets
Expense ratio: 0.39%; Category 0.75%
Yield: —; Trailing distributions

1Y return: —; Category -1.8%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category -1.3%

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Nomura Tax-Free USA ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-4.5%	-6.6%	-2.7%	—	—	—	—	—	-3.9%
Muni National Long average	-4.5%	-6.2%	-2.8%	-3.4%	-1.8%	3.6%	-1.3%	1.1%	1.1%
Difference	0.0%	-0.3%	+0.1%	—	—	—	—	—	-5.0%

Holdings

Allocation as last published by the fund.

Asset mix

What the fund is invested in.

Bonds99.6%
Cash0.4%

ETF details

Issuer: Nomura
Category: Fixed Income · Muni National Long
Ticker: LTAX
Exchange: NYSE Arca
Inception: 12 Jan 2026 (0.7 years)
Structure: Exchange Traded Fund
Expense ratio: 0.39% (category 0.75%)
Holdings turnover: 17% (category 32%)
Distribution yield: —
Beta, 3 years: 0.00
Total net assets: $6.1M
Average duration: 5.06 years
Average maturity: 9.88 years

Prices and returns as of 25 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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