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X-Square Municipal Income Tax Free ETF
ZTAX performance and flow charts
Performance
Flows
Historic performance and flows
Data as of October 14, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -2.11% | -5.69% | -2.73% | -1.34% | +13.19% | |
| Flows | +$590K | -$1M | +$1M | +$1M | +$3M | - |
Characteristics
This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
| Management strategy | Active |
| Strategy | Long Only |
| Provider | X-Square Capital |
| N° of holdings | 16 |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | May 19, 2023 |
| ESG | No |
More data and info about ZTAX on Trackinsight
Exposure
Data as of August 31, 2026Diversification
Total weight of top 15 holdings out of 16
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +6.85% | +5.04% | +5.48% | |
Max drawdown | -6.46% | -6.98% | -8.75% | |
Max drawdown duration | 92d | 108d | 316d | N/A |
Time to recover | N/A | N/A | 195d | N/A |
What type of ETF is ZTAX?
ZTAX is a Active ETF that provides exposure to Fixed Income assets. It is managed by X-Square Capital.
What does ZTAX invest in?
This ETF provides exposure to US Mixed Ratings Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of ZTAX?
The total expense ratio (TER) of ZTAX is 5.82%, representing the annual fee charged by the fund manager.
When was ZTAX launched?
ZTAX was launched on May 19, 2023, marking its entry into the ETF market.
Who is the issuer of ZTAX?
ZTAX is issued by X-Square Capital.
What is the AUM of ZTAX?
As of October 14, 2026, ZTAX manages $5.44 M, reflecting the total assets held in the fund.
How has ZTAX performed recently?
As of October 14, 2026, ZTAX delivered a return of -2.11% over the past month (1M performance), -5.69% over the past three months (3M), and -2.73% year-to-date (YTD).
What are the recent fund flows for ZTAX?
As of October 14, 2026, ZTAX has seen net flows of +$590K in the past month (1M flow) and +$1M year-to-date (YTD).
Does ZTAX pay dividends?
As of October 14, 2026, ZTAX has a trailing 12-month distribution yield of 4.89%.
How many holdings are in ZTAX
As of August 31, 2026, ZTAX holds 16 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is ZTAX?
As of August 31, 2026, ZTAX holds 16 securities, with 99.39% of its assets concentrated in its top 15 holdings.
What are the top holdings of ZTAX?
As of August 31, 2026, ZTAX holds a portfolio of 16 underlyings, with its largest positions including Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does ZTAX invest in?
As of August 31, 2026, ZTAX has its largest geographic exposures in USA.
What sectors or themes does ZTAX focus on?
As of August 31, 2026, ZTAX is primarily exposed to Municipal.
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