Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026HTAXS&P 500 · VOO
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | 0.0% | +3.0% | −2.2% | +0.6% | +0.6% | — | — | +2.0% |
| Peer average | 0.0% | +2.9% | −0.9% | +0.3% | +0.6% | +14.6% | +2.5% | — |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $95M
- Expense ratio
- 0.49%
- Distribution yield
- 4.7%
- NAV
- $23.52
- Volume
- 32K
- Avg. volume 30D
- 84K
- High today
- $23.67
- Low today
- $23.54
- Previous close
- $23.56
- 52-week high
- $25.08
- 52-week low
- $22.61
- Our risk indicator
- 2/5
HTAX in One Breath
HTAX Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in HTAX
5Y$10,000 in HTAX became
$10,204
In the S&P 500 (VOO)
$13,446
Total return, dividends in · Mar 6, 2025 – Nov 3, 2026 · S&P 500 uses VOO
HTAX’s Top Holdings
TodayUS DOLLARUs Dollar1.9%JEFFERSON 5.1.5%OKLAHOMA CAP1.1%ILLINOIS ST 1.1%VIRGINIA VAR1.1%PUBLIC FIN 51.0%GDB DEBT 7.51.0%PUERTO RICO 1.0%PENNSYLVANIA1.0%ALABAMA TOLL1.0%ARIZONA INDL1.0%TEXAS PRIVAT1.0%OKLAHOMA DEV0.9%PUERTO RICO 0.9%LIBERTY N Y 0.9%ARKANSAS ST 0.9%PENNSYLVANIA0.9%PUERTO RICO 0.8%PUERTO RICO 0.8%PENNSYLVANIA0.8%VILLAGE 5.870.8%OHIO ST AIR 0.8%
US DOLLARUs Dollar1.9%JEFFERSON 5.1.5%OKLAHOMA CAP1.1%ILLINOIS ST 1.1%VIRGINIA VAR1.1%PUBLIC FIN 51.0%GDB DEBT 7.51.0%PUERTO RICO 1.0%PENNSYLVANIA1.0%ALABAMA TOLL1.0%ARIZONA INDL1.0%TEXAS PRIVAT1.0%
Nomura HTAX · 0 holdings · tile size = share of the fund · as of Oct 29, 2026
What HTAX Holds
TodayAll holdings100.0%
US DOLLAR 1.9 · JEFFERSON 1.5 · OKLAHOMA C 1.1 · ILLINOIS S 1.1 · VIRGINIA V 1.1 · PUBLIC FIN 1.0 · GDB DEBT 7 1.0
Nomura HTAX · share of the fund · as of Oct 29, 2026
Us’ Share of HTAX
Today1.9%
$19 of every $1,000 in HTAX is Us
Us held by HTAX
$1.8M
Nomura HTAX · each square = $10 of $1,000 · as of Oct 29, 2026
HTAX’s Share of Municipal ETFs
Today0.0%
of the $244B in 166 Municipal ETFs
$94.7M0.0%
$54.5B22.3%
$49.6B20.3%
$140B57.3%
Municipal ETF AUM · Nov 4, 2026
HTAX Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside HTAX
as of Oct 29, 2026HTAX
Nomura National High-Yield Municipal Bond ETF
TodayAll holdings100.0%86 more holdings84.6% of the fund
All holdings100.0%94 more holdings92.4% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | US Dollar | 1.85% |
| 2 | — | Jefferson 5.25% 10/49 | 1.51% |
| 3 | — | Oklahoma CAP IMP 5% 07/37 | 1.09% |
| 4 | — | Illinois ST 5.5% 04/51 | 1.05% |
| 5 | — | Virginia VAR 07/37 | 1.05% |
| 6 | — | Public FIN 5.75% 12/65 | 1.04% |
| 7 | — | GDB Debt 7.5% 08/40 | 1.03% |
| 8 | — | Puerto Rico 5% 07/58 | 1.02% |
| 9 | — | Pennsylvania 6% 06/61 | 1.01% |
| 10 | — | Alabama Toll RD 5% 01/56 | 0.98% |
Nomura HTAX · current holdings by weight · as of Oct 29, 2026 · each tile is one holding · top 20 = 20.5%
How It Compares
HTAX
Nomura National High-Yield Municipal Bond ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put HTAX head to head with MUB →MUB vs HTAX
YTDYear to date
HTAX wins+1.0 pt
Past year
HTAX wins+0.5 pts
Fee
MUB winslower fee
Yield
HTAX wins+1.4 pts
AUM
MUB575.7× more
3–1HTAX wins
iShares MUB and Nomura HTAX · year-to-date · as of Nov 4, 2026 · AUM not scored
HTAX vs VOO
YTDHTAX · Nomura National High-Yield Municipal Bond
+0.6%
VOO · S&P 500
+11.5%
Gap
11.0 pts
Nomura HTAX and Vanguard VOO · YTD total return · as of Nov 4, 2026
HTAX vs Its Peer Average
YTDHTAXAvsBPeer average
1D0.0%0.0%
1M+3.0%+2.9%
3M−2.2%−0.9%
YTD+0.6%+0.3%
1Y+0.6%+0.6%
3Y[…]+14.6%
5Y[…]+2.5%
3–2HTAX wins
165 Municipal peers · each row scaled to its leader
The Details
HTAX
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y5.52%
Deepest drop · 1Y−8.1%
Lowest point · 5Y−5.5%
52-week range
$23.56
$22.61−6.1% from the high$25.08
Nomura HTAX · past-year price moves · as of Nov 4, 2026
HTAX
Fund Facts
Today2025launched Mar 5
Tracks[…]
Exchange · CUSIPAMEX · 555927870
StructureETF
Leverage1x
Cost on $10,000$49 a year
Go deeper
Nomura HTAX · fund facts · as of Nov 4, 2026
HTAX
Payouts by Year
2Y$0.0922per share, Oct 2026
Distribution yield4.7%
PaidEvery month
Latest ex-date · paidOct 30 · Nov 5, 2026
12 payouts added up$1.10 a share
Nomura HTAX · distributions by ex-date · 2025–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-06-30 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-03-31 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗
Trading & Liquidity
Net asset value$23.52
Premium / discount[…]
Median spread · 30D[…]
Volume today32K
Average volume · 30D84K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.49%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$49.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 30, 2026 | Nov 5, 2026 | $0.0922 |
| Sep 30, 2026 | Oct 6, 2026 | $0.0818 |
| Aug 31, 2026 | Sep 4, 2026 | $0.0962 |
| Jul 31, 2026 | Aug 6, 2026 | $0.0957 |
| Jun 30, 2026 | Jul 7, 2026 | $0.0963 |
| May 29, 2026 | Jun 4, 2026 | $0.0930 |
| Apr 30, 2026 | May 6, 2026 | $0.0977 |
| Mar 31, 2026 | Apr 7, 2026 | $0.0935 |
| Feb 27, 2026 | Mar 5, 2026 | $0.0820 |
| Jan 30, 2026 | Feb 5, 2026 | $0.0853 |
| Dec 24, 2025 | Dec 31, 2025 | $0.0957 |
| Nov 28, 2025 | Dec 4, 2025 | $0.0951 |
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