Loading fund…
Loading fund…
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.2% | ▲ +2.4% | ▼ −2.3% | ▲ +0.2% | ▲ +0.1% | — | — | ▲ +1.6% |
| Peer average | ▲ +0.1% | ▲ +2.7% | ▼ −0.9% | ▼ −0.2% | ▲ +0.1% | ▲ +13.9% | ▲ +1.9% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
HTAX is an actively managed Exchange Traded Fund (ETF) designed to generate substantial current income that is exempt from federal taxation. It primarily achieves this by investing in high-yield municipal bonds issued by U.S. state and local governments, which finance diverse public projects. The fund's portfolio encompasses a range of municipal bond maturities, with its dollar-weighted average effective maturity typically falling between 5 and 30 years. The portfolio manager strategically adjusts these maturities to strike a balance between maximizing tax-exempt income and preserving capital. Prospective income from the fund is subject to fluctuations, influenced by prevailing interest rates and the specific composition of its holdings. The fund retains the flexibility to invest in a broad spectrum of municipal bond types, including, but not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation. Should market conditions dictate, the manager may concentrate investments in particular bond categories or specific segments of the municipal bond market. Please note that effective December 1, 2025, the "Macquarie" portion of the fund's name will be replaced by "Nomura."
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-30 | 2026-11-05 | $0.09 |
| 2026-09-30 | 2026-10-06 | $0.08 |
| 2026-08-31 | 2026-09-04 | $0.10 |
| 2026-07-31 | 2026-08-06 | $0.10 |
| 2026-06-30 | 2026-07-07 | $0.10 |
| 2026-05-29 | 2026-06-04 | $0.09 |
| 2026-04-30 | 2026-05-06 | $0.10 |
| 2026-03-31 | 2026-04-07 | $0.09 |
| 2026-02-27 | 2026-03-05 | $0.08 |
| 2026-01-30 | 2026-02-05 | $0.09 |
| 2025-12-24 | 2025-12-31 | $0.10 |
| 2025-11-28 | 2025-12-04 | $0.10 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind HTAX.