ZTAX — X-Square Municipal Income Tax Free ETF
Data updated: 2026-05-14
ZTAX — X-Square Municipal Income Tax Free ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $4.50M AUM · 0.92% expense ratio · 4.3% 1-yr return. From SEC regulatory filings.
ZTAX Fund Overview
ZTAX — X-Square Municipal Income Tax Free ETF is a US mutual fund managed by X-Square Series Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: X-Square Series Trust
- Category: Long Municipal - National Bond
- Assets under management: $4.50M
- 1-year return: 4.3%
- Ticker: ZTAX
- SEC CIK: 0001901443
- SEC series ID: S000075551
- Share class ID: C000234742
ZTAX Holdings
Top 10 holdings of X-Square Municipal Income Tax Free ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue | 17.97% |
| Puerto Rico Cmwlth | 13.60% |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue | 9.86% |
| Matching Fund Spl Purpose Securitiztn Corp | 9.61% |
| Puerto Rico Cmwlth | 9.04% |
| Puerto Rico Cmwlth | 7.63% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 6.11% |
| Puerto Rico Cmwlth | 6.04% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 5.75% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 5.74% |
ZTAX Portfolio Allocation
Asset-class allocation of X-Square Municipal Income Tax Free ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.0% |
ZTAX Performance
Total returns for ZTAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.4% |
| 1 year | 4.3% |
| 3 years (annualised) | 5.1% |
ZTAX Risk Information
Risk metrics for ZTAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.2%
ZTAX Costs and Fees
ZTAX costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 5.82%
- Portfolio turnover: 1%
- Brokerage commissions: 0.07 bps of average net assets (SEC N-CEN)
ZTAX Cashflows
Over the 12 months to 2026-03, X-Square Municipal Income Tax Free ETF had net outflows of $1.56K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $0 |
| 2026-02 | $0 |
| 2026-01 | −$1.56K |
| 2025-12 | $0 |
| 2025-11 | $0 |
| 2025-10 | $0 |
ZTAX Debt Constituents
Largest debt holdings of X-Square Municipal Income Tax Free ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue | 17.97% |
| Puerto Rico Cmwlth | 13.60% |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue | 9.86% |
| Matching Fund Spl Purpose Securitiztn Corp | 9.61% |
| Puerto Rico Cmwlth | 9.04% |
| Puerto Rico Cmwlth | 7.63% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 6.11% |
| Puerto Rico Cmwlth | 6.04% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 5.75% |
| Puerto Rico Cmwlth Aqueduct & Swr Auth Revenue | 5.74% |
ZTAX Prospectus and SEC Filings
Official X-Square Municipal Income Tax Free ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.