STAX Performance — Nomura Tax-Free USA Short Term ETF
Data updated: 2026-08-26
STAX returned +1.62% year to date and +3.83% over one year to Jun 2026. Over one year the fund beat its Short-Term Municipal Bond category average: $100 grew to $104, against $104 for the category. Volatility over the past 12 months was 1.53% a year. In the 12 months to Jun 2026 the fund took in a net $8.3M, and assets reached $13.34M.
STAX Growth of $100
What $100 invested in Nomura Tax-Free USA Short Term ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | STAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $104 |
| Since data start (Nov 2023 – Jun 2026) | $110 | $112 |
STAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.62% |
| 1 year | +3.83% |
| 3 years (annualised) | +3.75% |
STAX Annual Returns
Calendar-year total returns of Nomura Tax-Free USA Short Term ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.62% |
| 2025 | +4.18% |
| 2024 | +2.53% |
| 2023 (Nov–Dec) | +1.64% |
STAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +0.6% | −0.9% | +0.4% | +0.2% | +0.6% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.5% | −0.2% | −0.2% | +0.5% | +0.7% | +0.7% | +0.6% | +0.4% | 0.0% | +0.2% | +0.4% |
| 2024 | −0.2% | +0.2% | −0.1% | −0.4% | −0.1% | +0.8% | +0.8% | +0.9% | +0.5% | −0.4% | +0.5% | −0.1% |
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.6% | +1.0% |
STAX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 1.53%
- Best month: +0.78% (Jan 2026)
- Worst month: −0.88% (Mar 2026)
STAX Fund Flows
Monthly money in and out of Nomura Tax-Free USA Short Term ETF, from SEC Form N-PORT.
- 12-month net flow: $8.3M
- 12-month gross sales (incl. reinvestments): $8.3M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $7.0M | $0 | $7.0M |
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $639K | $0 | $639K |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $634K | $0 | $634K |
STAX Assets Under Management
Net assets of Nomura Tax-Free USA Short Term ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $13.34M |
| 2026-03-31 | $6.33M |
| 2025-12-31 | $5.72M |
| 2025-09-30 | $5.73M |
| 2025-06-30 | $5.05M |
| 2025-03-31 | $6.30M |
| 2024-12-31 | $6.29M |
| 2024-09-30 | $5.07M |
| 2024-06-30 | $5.00M |
| 2024-03-31 | $5.03M |
| 2023-12-31 | $5.08M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.