LTAXvsLDSFETF Comparison
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Nomura Tax-Free USA ETF (LTAX) belongs to the Municipal Bonds segment. First Trust Low Duration Strategic Focus ETF (LDSF) is part of the Intl Aggregate Bonds segment. LTAX's top 1 sector exposures are Municipal. In contrast, LDSF's top sector exposures are Finance, Business Services and Sovereign. LTAX is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.77% for LDSF. Run a side-by-side ETF comparison of LTAX and LDSF 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 LDSF 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 LDSF | -1.17%-0.22% | -2.06%+0.36% | n/a+2.37% | n/a+4.05% | n/a+17.20% | n/a+13.33% |
| Flows | LTAX LDSF | -+$3M | -+$4M | -+$22M | -+$38M | -+$25M | -+$780K |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LTAX LDSF | +3.49%+2.20% | n/a+2.24% | n/a+2.56% | n/a+2.66% |
| Max drawdown | LTAX LDSF | -3.22%-0.74% | n/a-1.54% | n/a-1.54% | n/a-7.66% |
| Max drawdown duration | LTAX LDSF | 58d14d | n/a46d | n/a46d | n/a827d |
Trading data
LTAX | LDSF | |
Last sale 9/2/2026 at 2:45 PM | $24.36 | $18.81 |
| Previous close 09/02/2026 | $24.41 | $18.78 |
| 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 | LDSF | |
|---|---|---|
| Last price | $24.36 | $18.81 |
| 1D performance | -0.19% | +0.15% |
| AuM | $6.09 M | $164.43 M |
| E/R | 0.39% | 0.77% |
Characteristics
LTAX | LDSF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | First Trust |
| Benchmark | - | - |
| N° of holdings | 62 | 3644 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 12, 2026 | January 3, 2019 |
| ESG | No | No |
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Exposure
Countries
LTAX
USA
78.02%
Other
21.98%
LDSF
USA
31.86%
Other
68.14%
Sectors
LTAX
Municipal
78.02%
Other
21.98%
LDSF
Finance
12.85%
Other
87.15%
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Diversification
LTAX
Total weight of top 15 holdings out of 15
28.73%
LDSF
Total weight of top 15 holdings out of 15
53.35%
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%
LDSF
US33739Q2003
32.84%
US33738D3098
6.52%
US33738D7701
4.97%
US33739P2020
3.05%
US33739Q4082
3.00%
MSCI Inc, 4% 15nov2029, USD
0.45%
CrowdStrike Holdings, 3% 15feb2029, USD
0.42%
United Rentals (North America), 6% 15dec2029, USD
0.36%
1011778 B.C., 5.625% 15sep2029, USD
0.29%
Fair Isaac, 6% 15may2033, USD
0.26%
Smurfit Kappa Group, 5.2% 15jan2030, USD
0.26%
Constellation Software, 5.158% 16feb2029, USD
0.26%
Berry Global, 5.5% 15apr2028, USD
0.23%
Rocket Companies, 6.375% 1aug2033, USD
0.22%
ABC Supply, 4% 15jan2028, USD
0.22%
Frequently asked questions about LTAX and LDSF
Which ETF is bigger: LTAX or LDSF?
As of September 2, 2026, LTAX holds $6.09 M in assets under management (AUM), while LDSF manages $164.43 M.
What sectors do the LTAX and LDSF ETFs invest in?
LTAX leans toward sectors like Municipal. Meanwhile, LDSF focuses on Finance.
What are the top holdings of the LTAX ETF and LDSF 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. LDSF holds in its top three: US33739Q2003, US33738D3098 and US33738D7701.
Which ETF is more diversified: LTAX or LDSF?
LTAX holds 86 securities with 28.73% of its assets in the top 15. LDSF has 3659 securities and a top 15 weight of 53.35%.
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