# ZTAX (X-Square Municipal Income ETF)

X-SQUARE · Bond ETFs · Municipal bonds · data as of Oct 20, 2026

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.

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

## Key facts

- ZTAX, total return, 1 year: +1.7%, as of Oct 20, 2026.
- ZTAX, expense ratio: 0.92%, as of Jan 29, 2026.
- ZTAX, holdings: 16, as of Jun 30, 2026.
- ZTAX, below its high: −14.1%, as of Oct 20, 2026.
- ZTAX, 12-month yield, capital gains included, on its starting price: 4.7%, as of Oct 20, 2026.
- ZTAX, last payment (paid quarterly), ex-date Oct 2, 2026: $0.0464, as of Oct 2, 2026.
- ZTAX, net assets: $7m (SEC filing, whole fund, as filed for Jun 30, 2026).

## ZTAX over each window to Oct 20, 2026

| Window | Total return |
| --- | --- |
| 1 month | −3.6% |
| 3 months | −4.0% |
| 6 months | −4.8% |
| Year to date | −2.3% |
| 1 year | +1.7% |
| 3 years | +13.5% |
| Since launch | +13.9% |
| Since launch, annualised | +3.9% |

## ZTAX key stats

- 52-week high, daily closes to Oct 20, 2026: $28.55 on Jun 16, 2026 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Oct 20, 2026: $21.26 on Oct 12, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 20, 2026, within that range: $23.95, 37% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Holdings: 16
- Top ten weight: 85.3%

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal bonds | ETFIQ |
| Expense ratio | 0.92% | 497 XBRL, Jan 29, 2026 |
| Price | $23.95 | ETFIQ |
| First traded | May 19, 2023 | ETFIQ |
| Net assets | $7m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Benchmark | Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks | ETFIQ, from its filings |
| Below its high | −14.1% | ETFIQ |
| Holdings | 16 | ETFIQ |
| Top ten weight | 85.3% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |

## Money in and out, to Jun 30, 2026

Monthly figures only. Jun 2026: +$2.6m, from SEC Form N-PORT.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/ztax.json>. Method: https://etfiq.com/methodology/flows

## Questions

### 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.


## Cite this page

ETFIQ, ZTAX, bond fund, data as of Oct 20, 2026. https://etfiq.com/funds/ztax
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

HTML: https://etfiq.com/funds/ztax  ·  JSON: https://etfiq.com/funds/ztax.json