LTAX ETF Price & Analysis

Nomura Tax-Free USA ETF (LTAX) is an exchange-traded fund designed to provide taxable investors with a tax-efficient source of income by investing in U.S. municipal (state and local) obligations whose interest is generally exempt from federal income tax. Positioned in the Government / Local Authority — Municipal category, LTAX targets a broad credit spectrum and a wide range of maturities, offering diversified exposure across general obligation and revenue bonds issued by states, cities and other local authorities. The fund’s objective is to seek a high level of current tax-exempt interest while emphasizing prudent portfolio management and preservation of capital. By spanning the full credit continuum — from higher-quality, investment-grade municipals to select lower-rated issues where valuation and yield opportunities exist — and holding bonds across short, intermediate and long maturities, LTAX aims to balance income generation with risk management and interest-rate diversification. As an ETF, LTAX delivers the trading flexibility, intraday liquidity and cost efficiencies investors expect, along with transparent holdings that reflect an actively managed municipal strategy. It may suit investors seeking regular, federally tax-exempt income, a municipal bond allocation in a diversified fixed-income sleeve, or a tax-aware complement to taxable fixed-income holdings. Investors should be aware that returns remain subject to interest-rate and credit risk, and state or local tax treatment of income can vary.