ZTAXOverviewHoldingsDividendsFlowsCompare

ZTAX · X-Square Municipal Income ETF

ZTAX returned +1.7% over the year to Oct 20, 2026, charges 0.92% a year and holds $7m in net assets on Jun 30, 2026.

Bond fundActively managed0.92% fee$7m net assets, latest filing (Jun 30, 2026)First traded May 19, 2023SEC filings ↗Dividend history

ZTAX is actively managed and returned +1.7% over the past year.

+1.7%
Total return, 1 year
Report
0.92%
Expense ratio
Report
16
Holdings
Report
−14.1%
Below its high
Report
4.7%
12-month yield, capital gains included, on its starting price
Report
$0.0464
Last payment (paid quarterly), ex-date Oct 2, 2026
Report

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Price and total return, 1 year

$23.95+0.6%1 day, priceClose, Oct 20, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 20, 2026. Updated every trading night. Report a data error

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ZTAX returns by window: total return, cash paid and price change
WindowTotal return
1M Sep 18 – Oct 20, 2026−3.6%
3M Jul 21 – Oct 20, 2026−4.0%
6M Apr 21 – Oct 20, 2026−4.8%
YTD Dec 31, 2025 – Oct 20, 2026−2.3%
1Y Oct 20, 2025 – Oct 20, 2026+1.7%
3Y Oct 20, 2023 – Oct 20, 2026+13.5%
Since launch May 19, 2023 – Oct 20, 2026+13.9%
Since launch, annualised May 19, 2023 – Oct 20, 2026+3.9%

Total return at closing prices, distributions reinvested. Every column is a total return. Year to date runs from the last close of the year before. Annualised is the steady yearly rate that gives the since-launch total over the same days. Source: ETFIQ.

Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 20, 2026. Updated every trading night. Report a data error

Money in and out

Monthly figures · as of Jun 30, 2026

ZTAX: in the month to Jun 30, 2026, net $2.6m came in, by its SEC filing.

12 months
+$2.6m
57.4% of $4.5m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
3 years
+$5.1m
256.1% of $2.0m on Jun 30, 2023
Jul 1, 2023 to Jun 30, 2026
monthly, from SEC filings
Since Apr 2023
+$7.0m
Apr 1, 2023 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions ZTAX files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for ZTAX, back to Apr 2023, is in its flows file. Flows across every fund · How these flows are computed · Compare ZTAX with other funds in the flows tool

Month by month, money in and money outJul 2023 to Jun 2026

ZTAX, money in and money out each month from Jul 2023 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from ZTAX’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 5 and went out in 2.

Every bar is from ZTAX’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 5 and went out in 2.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$2.6m$0+$2.6m
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT+$630k−$632k−$2k
Dec 2025 SEC Form N-PORT$0$0$0
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT$0$0$0
Jun 2025 SEC Form N-PORT$0$0$0
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT$0$0$0
Mar 2025 SEC Form N-PORT$0$0$0
Feb 2025 SEC Form N-PORT$0$0$0
Jan 2025 SEC Form N-PORT+$639k$0+$639k
Dec 2024 SEC Form N-PORT$0$0$0
Nov 2024 SEC Form N-PORT$0$0$0
Oct 2024 SEC Form N-PORT$0$0$0
Sep 2024 SEC Form N-PORT$0$0$0
Aug 2024 SEC Form N-PORT$0$0$0
Jul 2024 SEC Form N-PORT$0$0$0
Jun 2024 SEC Form N-PORT+$664k$0+$664k
May 2024 SEC Form N-PORT$0$0$0
Apr 2024 SEC Form N-PORT$0$0$0
Mar 2024 SEC Form N-PORT$0$0$0
Feb 2024 SEC Form N-PORT$0$0$0
Jan 2024 SEC Form N-PORT$0$0$0
Dec 2023 SEC Form N-PORT$0$0$0
Nov 2023 SEC Form N-PORT$0$0$0
Oct 2023 SEC Form N-PORT$0−$604k−$604k
Sep 2023 SEC Form N-PORT$0$0$0
Aug 2023 SEC Form N-PORT+$1.2m$0+$1.2m
Jul 2023 SEC Form N-PORT+$630k$0+$630k

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily figures; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report. Report a data error

ZTAX key stats

52-week high, daily closes to Oct 20, 2026 (ETFIQ)$28.55 on Jun 16, 2026
52-week low, daily closes to Oct 20, 2026 (ETFIQ)$21.26 on Oct 12, 2026
Close on Oct 20, 2026, within that range (ETFIQ)$23.95, 37% of the way from the low to the high
Holdings16
Top ten weight85.3%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

About ZTAX

What it tracksNo index, actively managed
Fund typeBond fund
Category (ETFIQ)Bonds · Municipal bonds
Expense ratio (497 XBRL, Jan 29, 2026)0.92%
Price$23.95
First tradedMay 19, 2023
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$7mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks
Below its high (ETFIQ)−14.1%
Holdings16
Top ten weight85.3%
Holdings as of (SEC N-PORT)Jun 30, 2026

Questions people ask about ZTAX

How has ZTAX performed?
Over the year to Oct 20, 2026, ZTAX returned +1.7% with distributions reinvested. Over three years the figure is +13.5%.
What does ZTAX cost?
The prospectus expense ratio is 0.92% a year.
How far is ZTAX below its high?
14.1% below its high of Jun 16, 2026, measured on the reinvested series to Oct 20, 2026.
Sources and dates
Prices, ZTAXTiingo end-of-day · Oct 20, 2026
Fee, 0.92%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $7mSEC filing, whole fund · Jun 30, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerX-SQUARE website ↗
All fund filingsFund filings on SEC EDGAR ↗
X-SQUARE’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
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ETFIQ, ZTAX, bond fund, data as of Oct 20, 2026. https://etfiq.com/funds/ztax

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ZTAX: ZTAX over 1 year: total return +1.7%, S&P 500 +15.8%, −14.1 pts. Figures to Oct 20, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/ztax"><img src="https://etfiq.com/assistant/api/embed/core/ztax.svg" alt="ZTAX: ZTAX over 1 year: total return +1.7%, S&amp;P 500 +15.8%, −14.1 pts. Figures to Oct 20, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">ZTAX: ZTAX over 1 year: total return +1.7%, S&amp;P 500 +15.8%, −14.1 pts. Figures to Oct 20, 2026. Data: <a href="https://etfiq.com/funds/ztax">ETFIQ</a></figcaption>
</figure>

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