STAX

Nomura Tax-Free USA Short Term ETF

Nomura · US Stock Styles

$25.12▼ −0.0% last session▲ +0.8% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▼ −0.0%	▲ +1.5%	▼ −0.1%	▲ +1.0%	▲ +1.5%	—	—	▲ +9.4%
Peer average	▼ −0.0%	▲ +1.2%	▲ +2.2%	▲ +13.1%	▲ +13.0%	▲ +74.3%	▲ +60.6%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in STAX

What’s in this fund

STAXNomura Tax-Free USA Short Term ETF

82 largest holdings

As of Oct 29, 2026

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 · as of Oct 29, 2026

1—NEW YORK TRANSN 5% 12/312.40%

2—ILLINOIS ST GO 5% 11/312.34%

3—ST PAUL MINN HSG 4% 10/302.15%

4—CHICAGO ILL WTR 5% 11/262.11%

5—LOWNDES CNTY VAR 04/372.05%

6—INDIANA FIN VAR 10/591.91%

7—TOBACCO 5% 06/291.83%

8—NEW YORK TRANSN 5% 01/281.82%

9—NEW YORK N Y VAR 06/561.79%

10—JEFFERSON CNTY 5% 10/301.79%

11—PORT AUTH N Y & 5% 09/301.75%

12—JEA FLA ELEC SYS 5% 10/311.75%

13—MINNEAPOLIS VAR 11/531.74%

14—PITTSBURGH PA 5% 09/291.68%

15—NATIONAL FIN 4% 01/281.57%

16—ARIZONA INDL DEV 5% 11/281.48%

17—COLORADO EDL & 4.5% 11/291.46%

18—ST PAUL MINN HSG 5% 07/321.44%

19—NEW JERSEY ST 5% 06/321.43%

20—SALES TAX 5% 01/331.42%

Go deeper

Prospectus & documentsRead the official filings

Fund factsStructure & strategy

Issuer: Nomura
Inception: 2023-11-28
Exchange: AMEX
CUSIP: 555927300
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

Ordinarily, the fund commits to deploying at least 80% of its total assets, including any capital acquired through borrowing for investment purposes, into financial instruments whose earnings are free from federal income tax, encompassing the federal alternative minimum tax. This fundamental investment principle is binding and requires prior shareholder approval for any modifications.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $25.15
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 5K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 3.2%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-30

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	$0.08
2026-09-30	2026-10-06	$0.07
2026-08-31	2026-09-04	$0.06
2026-07-31	2026-08-06	$0.06
2026-06-30	2026-07-07	$0.06
2026-05-29	2026-06-04	$0.07
2026-04-30	2026-05-06	$0.07
2026-03-31	2026-04-07	$0.06
2026-02-27	2026-03-05	$0.07
2026-01-30	2026-02-05	$0.07
2025-12-24	2025-12-31	$0.07
2025-11-28	2025-12-04	$0.07

Fees & costsWhat ownership costs

Net expense ratio: 0.29%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $29.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 4/5 · rule-based
Annualized volatility · 1Y: 1.78%
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: ▼ −2.7%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind STAX.

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