Nomura Tax-Free USA ETFLTAX

$23.96

0.0% last session

[…] YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Jan 13, 2026 – Nov 3, 2026LTAX

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+3.2%	−2.6%	—	—	—	—	−1.3%
Peer average	+0.2%	−1.7%	−1.7%	+11.3%	+12.0%	+76.2%	+57.5%	—
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: $7M
Expense ratio: 0.39%
Distribution yield: 3.2%
NAV: $23.95
Volume: 100
Avg. volume 30D: 5K
High today: $23.96
Low today: $23.96
Previous close: $23.97
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+252.7%$96.0M

#2RSSYReturn Stacked+34.7%$101M

#3MAKXProShares+33.0%$4.9M

#4SMRIBushido+31.2%$703M

#5CSDInvesco+30.9%$209M

#6IGEiShares+29.9%$810M

#7IEZiShares+29.0%$376M

#8FLOWGlobal X+28.2%$36.5M

#9FITESPDR+27.9%$151M

End-of-day Nov 4, 2026 · 263 Large cap ETFs by YTD

$10,000 in LTAX

$10,000 in LTAX became

$9,868

In the S&P 500 (VOO)

$10,964

Total return, dividends in · Jan 13, 2026 – Nov 3, 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 · 0 holdings · 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

$198K

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 $850B in 307 Large cap ETFs

LTAX$7.2M0.0%

DFAC$87.6B10.3%

IWB$47.8B5.6%

304 others$715B84.1%

Large cap ETF AUM · Nov 4, 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 4, 2026

Inside LTAX

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%

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

How It Compares

LTAX

Nomura Tax-Free USA ETF’s Peers

YTD

		Trend
DFAC	DimensionalRead Desk		0.21%	+14.1%	+16.0%	$87.6B
IWB	iSharesRead Desk		0.15%	+11.3%	+11.6%	$47.8B
DIA	SPDRRead Desk		0.16%	+8.8%	+10.3%	$45.1B
DCOR	DimensionalRead Desk		0.17%	+14.2%	+15.7%	$45.0B
SCHB	SchwabRead Desk		0.03%	+11.6%	+11.7%	$44.0B
LTAX	NomuraThis fundRead Desk	New fund	0.39%	new	new	$7M

Large cap peers · YTD and past-year returns · as of Nov 4, 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

+14.1%

[…]

Level

Past year

+16.0%

[…]

Level

Fee

0.21%

0.39%

DFAC winslower fee

Yield

0.9%

3.2%

LTAX wins+2.3 pts

AUM

$87.6B

$7.2M

DFAC12186.9× more

1–1level

Dimensional DFAC and Nomura LTAX · year-to-date · as of Nov 4, 2026 · AUM not scored

LTAX vs Its Peer Average

YTD

LTAXAvsBPeer average

1D0.0%+0.2%

1M+3.2%−1.7%

3M−2.6%−1.7%

YTD[…]+11.3%

1Y[…]+12.0%

3Y[…]+76.2%

5Y[…]+57.5%

1–2Peer average 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−5.4%

52-week range

$23.96

$23.06−5.9% from the high$25.47

Nomura LTAX · past-year price moves · as of Nov 4, 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 4, 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$23.95

Premium / discount[…]

Median spread · 30D[…]

Volume today100

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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