# LTAX (Nomura Tax-Free USA ETF)

Nomura · Bond ETFs · Municipal, national, long · data as of Oct 2, 2026

LTAX is actively managed and returned −4.7% since it listed on Jan 13, 2026.

## Key facts

- LTAX, total return, 1 year: −4.7%, as of Oct 2, 2026.
- LTAX, expense ratio: 0.39%, as of Oct 2, 2026.
- LTAX, holdings: 84, as of Oct 2, 2026.
- LTAX, below its high: −7.7%, as of Oct 2, 2026.
- LTAX, net assets: $6m (SEC filing, whole fund, as filed for Jun 30, 2026).

## LTAX over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −7.6% | +3.6% | −11.2 pts | −12.9 pts |
| 6 months | −4.7% | +17.9% | −22.7 pts | −33.1 pts |
| Since listing | −4.7% | +11.8% | −16.5 pts | −24.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, long | ETFIQ |
| Expense ratio | 0.39% | 485BPOS XBRL, Jul 29, 2026 |
| Price | $23.22 | ETFIQ |
| Listed since | Jan 13, 2026 | ETFIQ |
| Net assets | $6m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its high | −7.7% | ETFIQ |
| Holdings | 84 | ETFIQ |
| Top ten weight | 20.5% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |

## Questions

### What does LTAX cost?

The prospectus expense ratio is 0.39% a year.

### How far is LTAX below its high?

7.7% below its high of Jul 6, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, LTAX, data as of Oct 2, 2026. https://etfiq.com/funds/ltax
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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