ZTAX

X-Square Municipal Income ETF

$25.76

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The X-Square Municipal Income ETF (ZTAX) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in municipal bonds.

Overview

ETF tracking X-Square Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-05-19

Market Cap $4.6M

Average Volume N/A

Dividend Yield 4.56%

52-Week Range $23.82 - $27.51

VWAP N/A

Performance

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Investment Summary

📎 Investment Objective

The X-Square Municipal Income ETF (ZTAX) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in municipal bonds.

🎯 Investment Strategy

The fund invests in a diversified portfolio of municipal bonds, focusing on investment-grade securities. The portfolio is actively managed to maintain a high-quality, low-duration profile while seeking to generate tax-exempt income.

✨ Key Features

Invests in a diversified portfolio of municipal bonds
Focuses on investment-grade securities to manage risk
Actively managed to maintain a low-duration profile
Seeks to provide tax-exempt income

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the issuers of the municipal bonds
Liquidity risk: Municipal bonds may have less liquidity than other fixed-income securities
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bond interest

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and relatively low-risk exposure to the municipal bond market. It may be particularly attractive for investors in higher tax brackets who are looking to maximize their after-tax returns.