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LTAX ETF — Nomura Tax-Free USA ETF
Nomura Tax-Free USA ETF (LTAX)
Updated October 16, 2026.
Verdict as of October 16, 2026
LTAX's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (79/100, low confidence). It pays monthly and its distribution rate is 4.81%. The latest total cash payment per current share, $0.0945 with an ex-date of September 30, 2026, was 15.2% higher than the previous $0.082. These payments are unclassified; this does not establish a base-dividend change.
Sources: Nomura, Section 19a-1 notices, scoring methodology.
LTAX is an ETF. its distribution rate is 4.81%, its trailing-12-month yield is 2.89%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Total return is -3.4% over the past 0.8 years, 14.3 points behind SPY at 10.9%.
Nomura Tax-Free USA ETF is an exchange-traded fund that invests at least 80% of its assets in federal tax-exempt municipal bonds and related fixed-income securities. The fund provides a current distribution rate in the moderate range, distributes income monthly, and carries an expense ratio of 0.39%. It appeals primarily to investors in higher tax brackets seeking tax-advantaged income from municipal bonds.
LTAX dividend yield and income
Price as of 2026-10-16.
The distribution rate (4.81%) uses calculation basis unavailable. Trailing-12-month yield (2.89%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.09446. The ex-dividend date is 09/30/2026. The payment date is 10/06/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-30 | $0.09446 | 15.2% Unclassified cash |
| 2026-08-31 | $0.082 | -1.2% Unclassified cash |
| 2026-07-31 | $0.083 | 0.0% Unclassified cash |
| 2026-06-30 | $0.083 | 5.1% Unclassified cash |
| 2026-05-29 | $0.079 | -1.3% Unclassified cash |
| 2026-04-30 | $0.08 | 2.6% Unclassified cash |
| 2026-03-31 | $0.078 | -3.7% Unclassified cash |
| 2026-02-27 | $0.081 | 326.3% Unclassified cash |
| 2026-01-30 | $0.019 | — |
| 2026 YTD total | $0.67946 | — |
LTAX holdings and sector exposure
Holdings are not available for this snapshot.
LTAX performance versus SPY
Price and return data through 2026-10-16.
Total return is -3.4% over the past 0.8 years, 14.3 points behind SPY at 10.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -1.4% | — |
| 3M | -5.1% | — |
| 6M | -4.0% | — |
| YTD | -3.4% | — |
| Since inception (0.8 years) | -3.4% | — |
LTAX key facts
- Distribution Safety Score™
- 79 · Generally safe
- Safety-Adjusted Yield
- 3.80%
- Issuer
- Nomura
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 01/12/2026
- Expense ratio
- 0.39%
- Distribution rate
- 4.81%
- Distribution frequency
- Monthly
- Trailing yield
- 2.89%
- Last close
- $23.55 (as of 2026-10-16)
- AUM
- $6,945,171
- Average volume
- 7.0
- Dividend
- $0.09446
- Ex-dividend date
- 09/30/2026
- Payment date
- 10/06/2026
How Dividend Vision calculates yield and returns
Distribution rate (4.81%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.89%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Nomura; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
LTAX risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider LTAX — and who may not
LTAX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on LTAX
Frequently asked questions
Does LTAX pay monthly?
Yes. LTAX currently pays monthly.
What is LTAX's expense ratio?
LTAX's expense ratio is 0.39%.
What is LTAX's dividend yield?
LTAX's distribution rate is 4.81%, paid monthly, with a 0.39% expense ratio — calculation basis unavailable.
When does LTAX pay a dividend?
LTAX pays monthly. The dividend amount is $0.09446. The ex-dividend date is 09/30/2026. The payment date is 10/06/2026.
How has LTAX performed?
Total return is -3.4% over the past 0.8 years, 14.3 points behind SPY at 10.9%.
Is LTAX a good investment?
LTAX's Dividend Vision Distribution Safety Score is 79 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 4.81% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Nomura.
Tickers
Holdings as-of date unavailable.
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