Morningstar

Nomura National High-Yield Municipal Bond ETF HTAX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub

Morningstar’s Analysis HTAX

Will HTAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nomura National Hi-Yld Muncpl Bd ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings HTAX

More HTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

3.32 3M
Cash and Equivalents

JEFFERSON CNTY ALA SWR REV 5.25%

1.52 1M
municipal

OKLAHOMA CAP IMP AUTH ST HWY CAP IMPT REV 5%

1.10 1M
municipal

ILLINOIS ST 5.5%

1.06 1M
municipal

VIRGINIA COMWLTH UNIV HEALTH SYS AUTH REV 0%

1.06 1M
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.04 986,319
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.03 976,745
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.02 967,180
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 6%

1.02 958,949
municipal

ALABAMA TOLL RD 5% 01/56

0.99 932,211
municipal

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