NomuraMuni National LongLTAX · NYSE Arca

Nomura Tax-Free USA ETF (LTAX)

Compare categoryCompare Muni National Long ETFs Compare with others

Price: $23.99; —12 Nov 2026
Assets: $7.2M; Total net assets
Expense ratio: 0.39%; Category 0.75%
Yield: —; Trailing distributions

1Y return: —; Category -0.4%
3Y CAGR: —; Category 4.4%
5Y CAGR: —; Category -0.7%

$23.99—12 Nov 2026

Fund

Assets: $7.2M
Expense: 0.39%
Categ. exp: 0.75%
Yield: —

ReturnFundCateg.

1Y—-0.4%

3Y—4.4%

5Y—-0.7%

Launch-1.2%—

Loading NAV history…

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	+2.9%	-2.9%	-2.0%	—	—	—	—	—	-1.2%
Muni National Long average	3.0%	-2.2%	-1.7%	-0.2%	-0.4%	4.4%	-0.7%	1.9%	2.2%
Difference	0.0%	-0.7%	-0.3%	—	—	—	—	—	-3.4%

Holdings

This ETF publishes no holdings breakdown.

ETF details

Issuer: Nomura
Category: Fixed Income · Muni National Long
Ticker: LTAX
Exchange: NYSE Arca
Inception: 12 Jan 2026 (0.8 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: $7.2M
Average duration: 5.03 years
Average maturity: 9.23 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other muni national long ETFs

Other ETFs in the Muni National Long category.

Compare Muni National Long ETFs