STAX

Macquarie Tax-Free USA Short Term ETF

$25.47

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Macquarie Tax-Free USA Short Term ETF (STAX) seeks to provide current income that is exempt from federal income taxes by investing primarily in a portfolio of short-term municipal bonds.

Overview

ETF tracking Macquarie Tax-Free USA Short Term ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-11-29

Market Cap $5.1M

Average Volume N/A

Dividend Yield 2.62%

52-Week Range $25.01 - $25.70

VWAP $25.47

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Macquarie Tax-Free USA Short Term ETF (STAX) seeks to provide current income that is exempt from federal income taxes by investing primarily in a portfolio of short-term municipal bonds.

🎯 Investment Strategy

The ETF invests in a diversified portfolio of short-term municipal bonds issued by state and local governments. The fund aims to maintain a weighted average maturity of 3 years or less to limit interest rate risk and generate tax-exempt income.

✨ Key Features

Focuses on short-term municipal bonds to provide tax-exempt income with lower interest rate sensitivity
Diversified portfolio of bonds issued by various state and local governments
Weighted average maturity of 3 years or less to manage duration risk
Expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk of default or downgrade by the bond issuers
Liquidity risk: Potential difficulty selling holdings in the secondary market
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and lower interest rate risk, particularly those in higher tax brackets. It could be used as a core fixed income holding or for cash management purposes in a diversified portfolio.