Nomura Tax-Free USA ETF LTAX
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.39%
- Net assets
- $6.3M
- Holdings
- 84
- 12-month distribution yield
- 2.40%
- Asset class
- Fixed income
Nomura Tax-Free USA ETF (LTAX) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Nomura. Its category is Fixed income · US (fixed income). Its last price was US$23.59 on 20 Oct 2026. Its expense ratio is 0.39% a year, from its prospectus dated 29 Jul 2025. It reported net assets of US$6.33 million as of 30 Jun 2026. Its latest holdings report lists 84 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$0.57 a unit, a 12-month distribution yield of 2.40%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.39%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.39%
- Prospectus date
- 29 Jul 2025
- Filed with the SEC
- 29 Jul 2025
Size and reporting
- Net assets
- $6,327,235
- Total assets
- $6,349,909
- Holdings as of
- 30 Jun 2026
- Report made public
- 26 Aug 2026 (57 days after the month end)
Top holdings
Largest 25 of 84 positions, as of 30 Jun 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | State of Washington State of Washington, Series 2026C | US93974FFM05 | 2.52% | $159K | Debt | United States | USD |
| 2 | New York City Transitional Finance Authority New York City Transitional Finance Authority, Series 2026F-1 | US64972JD396 | 2.48% | $157K | Debt | United States | USD |
| 3 | Puerto Rico Sales Tax Financing Corp. Puerto Rico Sales Tax Financing Corp., Series A-1 | US74529JPW98 | 2.36% | $149K | Debt | Puerto Rico | USD |
| 4 | Public Finance Authority Public Finance Authority, Series 2025 | US74448UAD00 | 2.07% | $131K | Debt | United States | USD |
| 5 | Commonwealth of Puerto Rico | US74514L3T29 | 1.86% | $118K | Debt | Puerto Rico | USD |
| 6 | New Jersey Transportation Trust Fund Authority New Jersey Transportation Trust Fund Authority, Series 2024AA | US64613CEV63 | 1.85% | $117K | Debt | United States | USD |
| 7 | Massachusetts Development Finance Agency Massachusetts Development Finance Agency, Series 2026A | US57585BTS78 | 1.82% | $115K | Debt | United States | USD |
| 8 | Arizona Department of Transportation State Highway Fund Revenue Arizona Department of Transportation, Series 2026 | US040654ZD01 | 1.80% | $114K | Debt | United States | USD |
| 9 | Texas Transportation Finance Corp. Texas Transportation Finance Corp., Series 2025A | US88283PAP27 | 1.72% | $109K | Debt | United States | USD |
| 10 | Minnesota Agricultural & Economic Development Board Minnesota Agricultural & Economic Development Board, Series 2024 | US6049203E65 | 1.72% | $109K | Debt | United States | USD |
| 11 | Port Authority of New York & New Jersey Port Authority of New York & New Jersey, Series 251 | US73358XRY03 | 1.71% | $108K | Debt | United States | USD |
| 12 | Hillsborough County Industrial Development Authority Hillsborough County Industrial Development Authority, Series 2024C | US43233KAW45 | 1.70% | $108K | Debt | United States | USD |
| 13 | Greater Orlando Aviation Authority Greater Orlando Aviation Authority, Series 2025 | US39227AAA07 | 1.69% | $107K | Debt | United States | USD |
| 14 | Washington Metropolitan Area Transit Authority Washington Metropolitan Area Transit Authority, Series 2025A | US93878YEA38 | 1.69% | $107K | Debt | United States | USD |
| 15 | New York City Municipal Water Finance Authority New York City Municipal Water Finance Authority, Series 2026BB | US64972GT463 | 1.69% | $107K | Debt | United States | USD |
| 16 | Colorado Bridge & Tunnel Enterprise Colorado Bridge & Tunnel Enterprise, Series 2025A | US19633TBA88 | 1.69% | $107K | Debt | United States | USD |
| 17 | Yuma Industrial Development Authority Yuma Industrial Development Authority, Series 2024A | US988514DC65 | 1.69% | $107K | Debt | United States | USD |
| 18 | Salt River Project Agricultural Improvement & Power District Salt River Project Agricultural Improvement & Power District, Series 2023B | US79574CFR97 | 1.68% | $107K | Debt | United States | USD |
| 19 | Illinois Finance Authority Illinois Finance Authority, Series 2026 | US45204FW925 | 1.68% | $106K | Debt | United States | USD |
| 20 | City of New York City of New York, Series 2025G-1 | US64966SMF01 | 1.68% | $106K | Debt | United States | USD |
| 21 | South Carolina Public Service Authority South Carolina Public Service Authority, Series 2022A | US837151ZX04 | 1.67% | $106K | Debt | United States | USD |
| 22 | Metropolitan Nashville Airport Authority (The) Metropolitan Nashville Airport Authority (The), Series 2026B | US592190SU75 | 1.66% | $105K | Debt | United States | USD |
| 23 | Black Belt Energy Gas District Black Belt Energy Gas District, Series 2026E | US09182THJ97 | 1.66% | $105K | Debt | United States | USD |
| 24 | Chicago O'Hare International Airport Chicago O'Hare International Airport, Series 2026A | US167591CK06 | 1.65% | $105K | Debt | United States | USD |
| 25 | New Jersey Transportation Trust Fund Authority New Jersey Transportation Trust Fund Authority, Series 2025AA | US64613CHS08 | 1.64% | $104K | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 98.57% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 90.05% | |
| Puerto Rico | 8.51% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 98.57% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $0.5660
- 12-month yield
- 2.40%
- Frequency
- Monthly
- Latest ex-date
- 31 Aug 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($0.5660) ÷ latest price ($23.59) × 100 = 2.40%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (7 payments)
| Ex-date | Amount per unit |
|---|---|
| 31 Aug 2026 | $0.0820 |
| 31 Jul 2026 | $0.0830 |
| 30 Jun 2026 | $0.0830 |
| 29 May 2026 | $0.0790 |
| 30 Apr 2026 | $0.0800 |
| 31 Mar 2026 | $0.0780 |
| 27 Feb 2026 | $0.0810 |
Filings and sources
- Form N-PORT report for June 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000090016) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- LTAX and BND Vanguard Total Bond Market ETF
- LTAX and AGG iShares Core U.S. Aggregate Bond ETF
- LTAX and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- LTAX and BSV Vanguard Short-Term Bond ETF