# Nomura Tax-Free USA ETF (LTAX) — Overview

LTAX · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/ltax

## Price

Last close $23.54 on Oct 15, 2026. 52-week range $23.06 – $25.47.

## Fund profile

LTAX seeks to provide a high level of tax-exempt income through investment in municipal bonds primarily at the long end of the curve.

| Metric | Value |
| --- | --- |
| Issuer | Delaware Management Company |
| Industry | — |
| Inception | Jan 12, 2026 |
| Assets under management | $7.0M |
| Expense ratio | 0.39% |
| Net asset value | $23.30 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Nomura Tax-Free USA ETF (LTAX)?

LTAX seeks to provide a high level of tax-exempt income through investment in municipal bonds primarily at the long end of the curve.

### What is LTAX's expense ratio?

Nomura Tax-Free USA ETF charges an annual expense ratio of 0.39%. The fund is issued by Delaware Management Company.

### How large is LTAX?

Nomura Tax-Free USA ETF manages $7.0M in assets and has traded since Jan 12, 2026.

### How do I buy shares of Nomura Tax-Free USA ETF (LTAX)?

LTAX trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).