Morningstar

Nomura Tax-Free USA Short Term ETF STAX

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

Morningstar’s Analysis STAX

Will STAX 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 STAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the STAX 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 STAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nomura Tax-Free USA Short Term 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 STAX

More STAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

2.37 268,004
municipal

ILLINOIS ST 5%

2.30 260,518
municipal

ST PAUL MINN HSG & REDEV AUTH DIST ENERGY REV 4%

2.12 240,320
municipal

CHICAGO ILL WTR REV 5%

2.08 235,065
Cash and Equivalents

LOWNDES CNTY MISS SOLID WASTE DISP & POLLUTION CTL REV 2.65%

2.02 228,474
municipal

INDIANA FIN AUTH HEALTH SYS REV 5%

1.89 213,436
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.81 204,489
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.80 203,301
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0%

1.77 200,000
municipal

JEFFERSON CNTY ALA SWR REV 5%

1.76 199,304
municipal

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