Nomura Tax-Free USA ETFLTAX

$24.24

+0.6% last session

[…] YTD

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

Dividend-adjusted return from the previous close · S&P 500 uses VOOLTAXS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.6%	+5.5%	−1.5%	—	—	—	—	−0.2%
Peer average	−3.6%	−4.1%	−4.5%	+8.4%	+10.3%	+69.3%	+53.8%	—
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: $7M
Expense ratio: 0.39%
Distribution yield: 3.2%
NAV: $24.08
Volume: 35
Avg. volume 30D: 5K
High today: $24.24
Low today: $24.24
Previous close: $24.10
52-week high: $25.47
52-week low: $23.06
Our risk indicator: 4/5

LTAX in One Breath

LTAX Among Large Cap ETFs

YTD

#1NRGUREX Microsectors+171.5%$77.3M

#2MAKXProShares+33.0%$4.9M

#3FLOWGlobal X+31.0%$36.7M

#4SMRIBushido+30.9%$701M

#5RSSYReturn Stacked+29.1%$101M

#6LSAFLeader Shares+27.2%$136M

#7FITESPDR+25.5%$150M

#8LYLDCambria Funds+24.8%$20.0M

#9IGEiShares+24.1%$777M

End-of-day Nov 6, 2026 · 263 Large cap ETFs by YTD

$10,000 in LTAX

$10,000 in LTAX became

$9,984

In the S&P 500 (VOO)

$10,655

Total return, dividends in · Jan 13, 2026 – Nov 5, 2026 · S&P 500 uses VOO

LTAX’s Top Holdings

Today

MARYLAND ST VAMaryland St Var 06/482.8%NEW YORK N Y2.0%PUERTO RICO 1.9%PUBLIC FIN 51.7%PUERTO RICO 1.6%MASSACHUSETT1.5%NEW JERSEY S1.5%MOBILE CNTY 1.5%GUAM GOVT WT1.5%TARRANT REGL1.5%MINNESOTA 5.1.4%GREATER 5.251.4%BLACK BELT 51.4%HILLSBOROUGH1.4%WASHINGTON D1.4%MIAMI-DADE 51.4%ILLINOIS FIN1.4%SOUTH CAROLI1.4%NATIONAL FIN1.4%NEW YORK N Y1.4%YUMA ARIZ 5.1.4%ILLINOIS ST 1.4%

Nomura LTAX · 115 holdings · top 22 shown · tile size = share of the fund · as of Oct 29, 2026

What LTAX Holds

Today

All holdings100.0%

MARYLAND S 2.8 · NEW YORK N 2.0 · PUERTO RIC 1.9 · PUBLIC FIN 1.7 · PUERTO RIC 1.6 · MASSACHUSE 1.5 · NEW JERSEY 1.5

Nomura LTAX · share of the fund · as of Oct 29, 2026

Maryland’s Share of LTAX

Today

2.8%

$28 of every $1,000 in LTAX is Maryland

Maryland held by LTAX

$199K

Nomura LTAX · each square = $10 of $1,000 · as of Oct 29, 2026

LTAX’s Share of Large Cap ETFs

Today

0.0%

of the $841B in 307 Large cap ETFs

LTAX$7.2M0.0%

DFAC$85.7B10.2%

IWB$46.4B5.5%

304 others$709B84.3%

Large cap ETF AUM · Nov 6, 2026

LTAX Fee per $100 vs Peers

Today

$0.39a year
per $100

$39 a year on $10,000

SCHB$0.03

IWB$0.15

DIA$0.16

DCOR$0.17

DFAC$0.21

LTAX$0.39

Expense ratio · Large cap peers · Nov 6, 2026

Inside LTAX

100 holdings · as of Oct 29, 2026

LTAX

Nomura Tax-Free USA ETF

Today

All holdings100.0%Maryland S2.8%NEW York N2.0%Puerto Ric1.9%86 more holdings76.9% of the fund

All holdings100.0%94 more holdings88.5% of the fund

#	Ticker	Company	Weight ▼
1	—	Maryland ST VAR 06/48	2.76%
2	—	NEW York N Y 5% 02/53	2.04%
3	—	Puerto Rico 4.75% 07/53	1.87%
4	—	Public FIN 5.75% 06/60	1.71%
5	—	Puerto Rico VAR 11/43	1.61%
6	—	Massachusetts ST 5% 02/34	1.53%
7	—	NEW Jersey ST 5.25% 06/41	1.52%
8	—	Mobile Cnty 4.75% 12/54	1.48%
9	—	Guam Govt Wtrwks 6% 07/52	1.47%
10	—	Tarrant Regl WTR 5% 03/41	1.45%

See all 115 holdings ↓

Nomura LTAX · current holdings by weight · as of Oct 29, 2026 · each tile is one holding · top 20 = 31.4%

All LTAX Holdings

115 holdings · as of Oct 29, 2026

LTAX

LTAX’s Holdings

Today

#
1	—Maryland ST VAR 06/48	2.76%	$275.57	200K	$200K
2	—NEW York N Y 5% 02/53	2.04%	$204.03	150K	$148K
3	—Puerto Rico 4.75% 07/53	1.87%	$187.40	151K	$136K
4	—Public FIN 5.75% 06/60	1.71%	$170.52	125K	$124K
5	—Puerto Rico VAR 11/43	1.61%	$161.40	164K	$117K
6	—Massachusetts ST 5% 02/34	1.53%	$153.29	100K	$111K
7	—NEW Jersey ST 5.25% 06/41	1.52%	$152.21	105K	$110K
8	—Mobile Cnty 4.75% 12/54	1.48%	$148.18	125K	$108K
9	—Guam Govt Wtrwks 6% 07/52	1.47%	$146.83	100K	$107K
10	—Tarrant Regl WTR 5% 03/41	1.45%	$145.27	100K	$105K
11	—Minnesota 5.25% 01/54	1.42%	$142.28	105K	$103K
12	—Greater 5.25% 11/34	1.42%	$141.61	100K	$103K
13	—Black Belt 5% 07/33	1.41%	$141.12	100K	$102K
14	—Hillsborough 5.5% 11/54	1.40%	$140.25	100K	$102K
15	—Washington D 5.25% 07/50	1.40%	$140.13	100K	$102K

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

How It Compares

LTAX

Nomura Tax-Free USA ETF’s Peers

YTD

		Trend
DFAC	DimensionalRead Desk		0.21%	+11.2%	+14.3%	$85.7B
IWB	iSharesRead Desk		0.15%	+8.1%	+9.6%	$46.4B
DIA	SPDRRead Desk		0.16%	+8.2%	+10.8%	$45.9B
DCOR	DimensionalRead Desk		0.17%	+11.3%	+13.9%	$43.9B
SCHB	SchwabRead Desk		0.03%	+8.4%	+9.8%	$42.9B
LTAX	NomuraThis fundRead Desk	New fund	0.39%	new	new	$7M

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

Head to Head

Put LTAX head to head with DFAC →

DFAC vs LTAX

YTD

DFACDimensional · Large capLTAXNomura · Large cap

Year to date

+11.2%

[…]

Level

Past year

+14.3%

[…]

Level

Fee

0.21%

0.39%

DFAC winslower fee

Yield

0.9%

3.2%

LTAX wins+2.3 pts

AUM

$85.7B

$7.2M

DFAC11858.9× more

1–1level

Dimensional DFAC and Nomura LTAX · year-to-date · as of Nov 6, 2026 · AUM not scored

LTAX vs Its Peer Average

YTD

LTAXAvsBPeer average

1D+0.6%−3.6%

1M+5.5%−4.1%

3M−1.5%−4.5%

YTD[…]+8.4%

1Y[…]+10.3%

3Y[…]+69.3%

5Y[…]+53.8%

3–0LTAX wins

306 Large cap peers · each row scaled to its leader

The Details

LTAX

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−4.8%

52-week range

$24.24

$23.06−4.8% from the high$25.47

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

LTAX

Fund Facts

Today

2026launched Jan 12

Tracks[…]

Exchange · CUSIPAMEX · 555927888

StructureETF

Leverage1x

Cost on $10,000$39 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

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

LTAX

Payouts by Year

$0.0907per share, Oct 2026

Distribution yield3.2%

PaidEvery month

Latest ex-date · paidOct 30 · Nov 5, 2026

10 payouts added up$0.77 a share

Nomura LTAX · distributions by ex-date · 2026–2026

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 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$24.08

Premium / discount[…]

Median spread · 30D[…]

Volume today35

Average volume · 30D5K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.39%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$39.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 30, 2026	Nov 5, 2026	$0.0907
Sep 30, 2026	Oct 6, 2026	$0.0945
Aug 31, 2026	Sep 4, 2026	$0.0822
Jul 31, 2026	Aug 6, 2026	$0.0831
Jun 30, 2026	Jul 7, 2026	$0.0826
May 29, 2026	Jun 4, 2026	$0.0790
Apr 30, 2026	May 6, 2026	$0.0799
Mar 31, 2026	Apr 7, 2026	$0.0782
Feb 27, 2026	Mar 5, 2026	$0.0810
Jan 30, 2026	Feb 5, 2026	$0.0188

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