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 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.78 1M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.67 972,439
municipal

PUERTO RICO COMWLTH 0%

1.25 729,121
municipal

LOUISIANA PUB FACS AUTH REV 5%

1.24 722,756
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.22 710,135
municipal

PUBLIC FIN AUTH WIS TOLL REV 5.75%

1.15 671,235
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.00 579,421
municipal

PUBLIC FIN AUTH WIS TOLL REV 6.5%

0.95 555,281
municipal

PUBLIC FIN AUTH WIS POOLED CHARTER SCH CTFS SER 2023-1 5.75%

0.95 553,247
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5.5%

0.92 535,158
municipal

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