NomuraMuni National ShortSTAX · NYSE Arca

Nomura Tax-Free USA Short Term ETF (STAX)

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Price: $25.08; —30 Oct 2026
Assets: $10.5M; Total net assets
Expense ratio: 0.29%; Category 0.54%
Yield: 3.22%; Trailing distributions

1Y return: 1.7%-0.6%; Category 2.3%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category 1.9%

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Nomura Tax-Free USA Short Term 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	+1.6%	+0.1%	+0.3%	+1.1%	+1.7%	—	—	—	+3.2%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	+0.1%	-0.5%	-0.6%	-0.5%	-0.6%	—	—	—	+0.8%

Holdings

Allocation as last published by the fund.

Asset mix

What the fund is invested in.

Bonds95.1%
Cash4.9%

ETF details

Issuer: Nomura
Category: Fixed Income · Muni National Short
Ticker: STAX
Exchange: NYSE Arca
Inception: 28 Nov 2023 (2.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.29% (category 0.54%)
Holdings turnover: 38% (category 59%)
Distribution yield: 3.22%
Beta, 3 years: 0.00
Total net assets: $10.5M
Average duration: 4.86 years
Average maturity: 10.12 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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