Xsquare CapitalMuni National IntermediateZTAX · NYSE Arca

X-Square Municipal Income ETF (ZTAX)

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Price: $23.23; —12 Nov 2026
Assets: $5.5M; Total net assets
Expense ratio: 0.92%; Category 0.62%
Yield: 4.93%; Trailing distributions

1Y return: -3.4%-3.9%; Category 0.5%
3Y CAGR: 1.8%-2.0%; Category 3.8%
5Y CAGR: —; Category 0.8%

$23.23—12 Nov 2026

Fund

Assets: $5.5M
Expense: 0.92%
Categ. exp: 0.62%
Yield: 4.93%

ReturnFundCateg.

1Y-3.4%0.5%

3Y1.8%3.8%

5Y—0.8%

Launch3.0%—

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X-Square Municipal Income 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	-1.1%	-8.7%	-5.6%	-5.2%	-3.4%	+1.8%	—	—	+3.0%
Muni National Intermediate average	2.8%	-1.1%	-0.7%	0.1%	0.5%	3.8%	0.8%	2.1%	2.2%
Difference	-3.9%	-7.6%	-4.9%	-5.3%	-3.9%	-2.0%	—	—	+0.8%

Holdings

Allocation as last published by the fund.

Asset mix

What the fund is invested in.

Bonds97.9%
Cash2.1%

ETF details

Issuer: Xsquare Capital
Category: Fixed Income · Muni National Intermediate
Ticker: ZTAX
Exchange: NYSE Arca
Inception: 18 May 2023 (3.5 years)
Structure: Exchange Traded Fund
Expense ratio: 0.92% (category 0.62%)
Holdings turnover: 1% (category 43%)
Distribution yield: 4.93%
Beta, 3 years: 0.96
Total net assets: $5.5M
Average duration: 4.72 years
Average maturity: 9.28 years

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

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