Nomura Tax-Free USA Short Term ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About STAX
Under normal circumstances, Macquarie Tax-Free USA Short Term ETF willinvest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities the income from whichis exempt from federal income tax, including the federal alternative minimum tax. This is a fundamental investment policy that may notbe changed without prior shareholder approval. The Fund will invest primarily in municipal debt obligations that areissued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses.The Fund will invest its assets in securities with short durations until maturity and will typically have a dollar-weighted average effectivematurity ofbetween 1 and 5 years. Duration measures a bond’s sensitivityto interest rates by indicating the approximate change in a bond or bond fund’s price given a 1% change in interest rates. Bondsand other fixed income securities with longer maturities or duration generally are more sensitive to interest rate change. For example,if the Fund holds a portfolio of securities with an effective duration of five years and interest rates rise 1%, the principal value ofsuch securities could be expected to decrease by approximately 5%. Delaware Management Company, the Fund’s investment adviser (Manager)will adjust the average maturity of the bonds in the Fund’s portfolio to attempt to provide a high level of tax-exempt income consistentwith preservation of capital. The Manager analyzes economic and market conditions, seeking to identifythe securities or market sectors that it thinks are the best investments for the Fund. The following is a general description of the investmentstrategies used to manage the Fund and a list of securities in which the Fund may invest. The Fund will generally invest in debt obligations issued by stateand local governments and their political subdivisions, agencies, authorities, and instrumentalities that are exempt from federal incometax. The Fund may also invest in debt obligations issued by or for the District of Columbia, and the political subdivisions, agencies,authorities, and instrumentalities or territories and possessions (such as the Commonwealth of Puerto Rico, Guam, and the US Virgin Islands)of the United States that are exempt from federal income tax. The types of municipal debt obligations in which the Fund may invest include,but are not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds,municipal leases, and certificates of participation. The Fund will generally invest in securities for income rather thanseeking capital appreciation through active trading. However, the Manager may sell securities for a variety of reasons such as: to reinvestthe proceeds in higher yielding securities; to eliminate investments not consistent with the preservation of capital; to honor redemptionrequests; or to address a weakening credit situation. As a result, the Fund may realize capital gains that could be taxable to shareholdersor they may realize losses. The Fund may invest up to 20% of its net assets in high yield municipalsecurities (junk bonds), which are rated less than BBB- by S&P or comparably rated by other Nationally Recognized Statistical RatingsOrganizations or if unrated, determined to be of comparable quality by the Manager. The Fund’s income level will vary dependingon current interest rates and the specific securities in the portfolio. While the Fund will invest primarily in securities whose incomeis exempt from the federal alternative minimum tax (the “Federal AMT”) for certain non-corporate shareholders, the Fundmay invest to a limited extent in securities whose income is subject to the Federal AMT. The Fund’s investment objective is non-fundamental. Thismeans that the Fund’s Board of Trustees (the “Board”) may change the objective without obtaining shareholder approval.If the objective were changed, the Fund would notify shareholders at least 60 days before the change became effective.
STAX News
- Responsive Playbooks and the STAX Inflection
- New Stax Payments Research Finds SMBs Embrace AI, but Trust Still Determines Adoption
- Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Short Interest Down 96.8% in July
- Schwab Trading Activity Index™: STAX Score Increases Modestly in July
- STAX AI Announces Expansion of Its AI Stock Analysis and Investment Research Platform
- How (STAX) Movements Inform Risk Allocation Models
- Fresh update as collapsed Aussie brand Stax leaves customers with $1.7 million in unfulfilled orders
- Trading Systems Reacting to (STAX) Volatility
- Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Sees Large Decline in Short Interest
- Trading Systems Reacting to (STAX) Volatility
- Why Charles Schwab Stock Bumped Almost 4% Higher on Monday
- Schwab Trading Activity Index™: STAX Score Reaches a Four-Year High in June
Data for STAX is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.