LTAX — Nomura Tax-Free USA ETF
Data updated: 2026-08-26
LTAX — Nomura Tax-Free USA ETF. Long Municipal - National Bond · $6.33M AUM · 0.39% expense ratio. Holdings, fees, performance and SEC filings.
LTAX Fund Overview
LTAX — Nomura Tax-Free USA ETF is a US ETF managed by Nomura ETF 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 ETF
- Manager: Nomura ETF Trust
- Category: Long Municipal - National Bond
- Assets under management: $6.33M
- Ticker: LTAX
- SEC CIK: 0001969995
- SEC series ID: S000090016
- Share class ID: C000256892
LTAX Holdings
Top 10 holdings of Nomura Tax-Free USA ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State of Washington | 2.52% |
| New York City Transitional Finance Authority | 2.48% |
| Puerto Rico Sales Tax Financing Corp. | 2.36% |
| Public Finance Authority | 2.07% |
| Commonwealth of Puerto Rico | 1.86% |
| New Jersey Transportation Trust Fund Authority | 1.85% |
| Massachusetts Development Finance Agency | 1.82% |
| Arizona Department of Transportation State Highway Fund Revenue | 1.80% |
| Texas Transportation Finance Corp. | 1.72% |
| Minnesota Agricultural & Economic Development Board | 1.72% |
LTAX Portfolio Allocation
Asset-class allocation of Nomura Tax-Free USA ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.6% |
LTAX Performance
Total returns for LTAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.9% |
LTAX Costs and Fees
LTAX costs about $39 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.39%
- Gross expense ratio: 0.39%
- Portfolio turnover: 17%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
LTAX Cashflows
Over the 12 months to 2026-06, Nomura Tax-Free USA ETF had net inflows of $6.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $0 |
| 2026-05 | $0 |
| 2026-04 | $620.49K |
| 2026-03 | $0 |
| 2026-02 | $626.36K |
| 2026-01 | $5.00M |
LTAX Debt Constituents
Largest debt holdings of Nomura Tax-Free USA ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| State of Washington | 2.52% |
| New York City Transitional Finance Authority | 2.48% |
| Puerto Rico Sales Tax Financing Corp. | 2.36% |
| Public Finance Authority | 2.07% |
| Commonwealth of Puerto Rico | 1.86% |
| New Jersey Transportation Trust Fund Authority | 1.85% |
| Massachusetts Development Finance Agency | 1.82% |
| Arizona Department of Transportation State Highway Fund Revenue | 1.80% |
| Texas Transportation Finance Corp. | 1.72% |
| Minnesota Agricultural & Economic Development Board | 1.72% |
LTAX Prospectus and SEC Filings
Official Nomura Tax-Free USA 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.