Nomura National High-Yield Municipal Bond ETFHTAX

NomuraBonds & CashMunicipal#244 of 786 by YTD

$23.80

+0.6% last session

+1.6% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 7, 2026 – Nov 5, 2026HTAXS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.6%	+5.2%	−1.9%	+1.6%	+1.6%	—	—	+3.1%
Peer average	+0.3%	+4.1%	−0.5%	+0.9%	+1.2%	+15.4%	+2.9%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $95M
Expense ratio: 0.49%
Distribution yield: 4.6%
NAV: $23.50
Volume: 51K
Avg. volume 30D: 72K
High today: $23.80
Low today: $23.59
Previous close: $23.65
52-week high: $25.08
52-week low: $22.61
Our risk indicator: 2/5

HTAX in One Breath

HTAX Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.7%$59.6M

#2MYMGSPDR+2.4%$8.6M

#3TAXTFlexShares+2.4%$197M

#4SMMUPIMCO+2.3%$1.3B

#5SHYMiShares+2.2%$921M

#6FTMSFranklin Templeton+2.1%$265M

#7MUNAFlexShares+2.0%$8.0M

#8CGSMCapital Group+2.0%$1.7B

#32HTAXNomura+1.6%$94.6M

End-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD

$10,000 in HTAX

$10,000 in HTAX became

$10,307

In the S&P 500 (VOO)

$13,067

Total return, dividends in · Mar 6, 2025 – Nov 5, 2026 · S&P 500 uses VOO

HTAX’s Top Holdings

Today

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%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%

Nomura HTAX · 286 holdings · top 22 shown · tile size = share of the fund · as of Oct 29, 2026

What HTAX Holds

Today

All 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

Today

1.9%

$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

Today

0.0%

of the $244B in 166 Municipal ETFs

HTAX$94.6M0.0%

MUB$54.7B22.4%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 6, 2026

HTAX Fee per $100 vs Peers

Today

$0.49a year
per $100

$49 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

HTAX$0.49

Expense ratio · Municipal peers · Nov 6, 2026

Inside HTAX

100 holdings · as of Oct 29, 2026

HTAX

Nomura National High-Yield Municipal Bond ETF

Today

All 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%

See all 286 holdings ↓

Nomura HTAX · current holdings by weight · as of Oct 29, 2026 · each tile is one holding · top 20 = 20.5%

All HTAX Holdings

286 holdings · as of Oct 29, 2026

HTAX

HTAX’s Holdings

Today

#
1	—US Dollar	1.85%	$185.43	1.8M	$1.8M
2	—Jefferson 5.25% 10/49	1.51%	$150.77	1.4M	$1.4M
3	—Oklahoma CAP IMP 5% 07/37	1.09%	$109.42	950K	$1.0M
4	—Illinois ST 5.5% 04/51	1.05%	$105.27	1.0M	$1.0M
5	—Virginia VAR 07/37	1.05%	$105.10	1.0M	$1.0M
6	—Public FIN 5.75% 12/65	1.04%	$103.67	1.0M	$986K
7	—GDB Debt 7.5% 08/40	1.03%	$102.66	1.0M	$977K
8	—Puerto Rico 5% 07/58	1.02%	$101.65	1.1M	$967K
9	—Pennsylvania 6% 06/61	1.01%	$100.79	950K	$959K
10	—Alabama Toll RD 5% 01/56	0.98%	$97.98	950K	$932K
11	—Arizona Indl VAR 02/48	0.97%	$97.22	925K	$925K
12	—Texas Private 5% 06/58	0.97%	$97.15	1.0M	$924K
13	—Oklahoma DEV 5.5% 08/52	0.95%	$94.64	900K	$900K
14	—Puerto Rico 4.75% 07/53	0.93%	$92.78	980K	$883K
15	—Liberty N Y 5.25% 10/35	0.90%	$90.25	785K	$859K

Nomura HTAX · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Oct 29, 2026

How It Compares

HTAX

Nomura National High-Yield Municipal Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	+0.5%	+0.9%	$54.7B
VTEB	VanguardRead Desk	0.03%	+0.6%	+0.9%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.6%	+2.4%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+1.1%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+1.1%	+1.7%	$7.5B
HTAX	NomuraThis fundRead Desk	0.49%	+1.6%	+1.6%	$95M

Municipal peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put HTAX head to head with MUB →

MUB vs HTAX

YTD

MUBiShares · MunicipalHTAXNomura · Municipal

Year to date

+0.5%

+1.6%

HTAX wins+1.1 pts

Past year

+0.9%

+1.6%

HTAX wins+0.7 pts

Fee

0.05%

0.49%

MUB winslower fee

Yield

3.3%

4.6%

HTAX wins+1.4 pts

AUM

$54.7B

$94.6M

MUB577.8× more

3–1HTAX wins

iShares MUB and Nomura HTAX · year-to-date · as of Nov 6, 2026 · AUM not scored

HTAX vs VOO

YTD

HTAX · Nomura National High-Yield Municipal Bond

+1.6%

VOO · S&P 500

+8.4%

Gap

6.8 pts

Nomura HTAX and Vanguard VOO · YTD total return · as of Nov 6, 2026

HTAX vs Its Peer Average

YTD

HTAXAvsBPeer average

1D+0.6%+0.3%

1M+5.2%+4.1%

3M−1.9%−0.5%

YTD+1.6%+0.9%

1Y+1.6%+1.2%

3Y[…]+15.4%

5Y[…]+2.9%

4–1HTAX wins

165 Municipal peers · each row scaled to its leader

The Details

HTAX

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y5.56%

Deepest drop · 1Y−8.1%

Lowest point · 5Y−5.2%

52-week range

$23.80

$22.61−5.1% from the high$25.08

Nomura HTAX · past-year price moves · as of Nov 6, 2026

HTAX

Fund Facts

Today

2025launched Mar 5

Tracks[…]

Exchange · CUSIPAMEX · 555927870

StructureETF

Leverage1x

Cost on $10,000$49 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Nomura HTAX · fund facts · as of Nov 6, 2026

HTAX

Payouts by Year

$0.0922per share, Oct 2026

Distribution yield4.6%

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$23.50

Premium / discount[…]

Median spread · 30D[…]

Volume today51K

Average volume · 30D72K

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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