LTAXvsJPRFETF Comparison
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Nomura Tax-Free USA ETF (LTAX) belongs to the Municipal Bonds segment. JPMorgan Preferred and Income Securities ETF (JPRF) is part of the Multi-Asset: Other segment. LTAX's top 1 sector exposures are Municipal. In contrast, JPRF's top sector exposures are Finance, Utilities and Energy. LTAX is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.61% for JPRF. Run a side-by-side ETF comparison of LTAX and JPRF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LTAX vs JPRF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LTAX JPRF | -1.17%-0.16% | -2.06%n/a | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | LTAX JPRF | -+$35M | -- | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LTAX JPRF | +3.49%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown | LTAX JPRF | -3.22%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | LTAX JPRF | 58dn/a | n/an/a | n/an/a | n/an/a |
Trading data
LTAX | JPRF | |
Last sale 9/2/2026 at 2:45 PM | $24.36 | $49.37 |
| Previous close 09/02/2026 | $24.41 | $49.34 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 2:45 PM
Live
Closed
LTAX | JPRF | |
|---|---|---|
| Last price | $24.36 | $49.37 |
| 1D performance | -0.19% | +0.06% |
| AuM | $6.09 M | $2.27 B |
| E/R | 0.39% | 0.61% |
Characteristics
LTAX | JPRF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 62 | 320 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 12, 2026 | July 10, 2026 |
| ESG | No | No |
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Exposure
Countries
LTAX
USA
78.02%
Other
21.98%
JPRF
USA
56.67%
United Kingdom
10.79%
Canada
10.54%
France
7.36%
Other
14.64%
Sectors
LTAX
Municipal
78.02%
Other
21.98%
JPRF
Finance
77.34%
Utilities
11.9%
Other
10.76%
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Diversification
LTAX
Total weight of top 15 holdings out of 15
28.73%
JPRF
Total weight of top 15 holdings out of 15
26.02%
Top 15 holdings
Data as of July 31, 2026
LTAX
State of Washington, 5% 1feb2051, USD (2026C)
2.52%
New York Transitional Finance Authority, 5% 1feb2053, USD (2026)
2.47%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
2.33%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.09%
Puerto Rico, FRN 1nov2043, USD
1.89%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD (2024)
1.85%
Massachusetts Development Finance Agency, 5% 15feb2034, USD (2026A)
1.82%
Arizona Transportation Board, 5% 1jul2040, USD (2026)
1.77%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.73%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
1.73%
Greater Orlando Aviation Authority, 5.25% 1nov2034, USD (2025)
1.72%
US43233KAW45
1.71%
New York and New Jersey Port Authority, 5.25% 15aug2056, USD
1.71%
US63607YEY23
1.70%
New York Municipal Water Finance Authority, 5.25% 15jun2056, USD (2026)
1.70%
JPRF
UBS Group, 9.25% perp., USD
2.68%
Banco Santander, 9.625% perp., USD
2.33%
HSBC, 4.6% perp., USD
2.27%
Wells Fargo & Co.
2.06%
BNP Paribas, 7.75% perp., USD
1.87%
Charles Schwab, 4% perp., USD (H)
1.74%
ING Groep, 8% perp., USD
1.73%
PNC Financial Services Group, 3.4% perp., USD (T)
1.64%
Bank of America Corporation, 6.625% perp., USD (OO)
1.53%
Banco Bilbao (BBVA), 9.375% perp., USD
1.53%
UBS Group, 7% perp., USD
1.41%
Goldman Sachs, 7.5% perp., USD (X)
1.40%
NatWest Group, 8.125% perp., USD
1.33%
Bank of America Corp.
1.29%
Citigroup, 6.875% perp., USD (GG)
1.21%
Frequently asked questions about LTAX and JPRF
Which ETF is bigger: LTAX or JPRF?
As of September 2, 2026, LTAX holds $6.09 M in assets under management (AUM), while JPRF manages $2.27 B.
What sectors do the LTAX and JPRF ETFs invest in?
LTAX leans toward sectors like Municipal. Meanwhile, JPRF focuses on Finance and Utilities.
What are the top holdings of the LTAX ETF and JPRF ETF?
LTAX top holdings include State of Washington, 5% 1feb2051, USD (2026C), New York Transitional Finance Authority, 5% 1feb2053, USD (2026) and Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD. JPRF holds in its top three: UBS Group, 9.25% perp., USD, Banco Santander, 9.625% perp., USD and HSBC, 4.6% perp., USD.
Which ETF is more diversified: LTAX or JPRF?
LTAX holds 86 securities with 28.73% of its assets in the top 15. JPRF has 425 securities and a top 15 weight of 26.02%.
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