# Nomura Tax-Free USA Short Term ETF (STAX) — Overview

STAX · NYSE · Fund

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

## Price

Last close $24.92 on Oct 15, 2026. 52-week range $24.66 – $25.74.

## Fund profile

STAX actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years.

| Metric | Value |
| --- | --- |
| Issuer | Delaware Management Company |
| Industry | — |
| Inception | Nov 28, 2023 |
| Assets under management | $11.2M |
| Expense ratio | 0.29% |
| Net asset value | $24.87 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Nomura Tax-Free USA Short Term ETF (STAX)?

STAX actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years.

### What is STAX's expense ratio?

Nomura Tax-Free USA Short Term ETF charges an annual expense ratio of 0.29%. The fund is issued by Delaware Management Company.

### How large is STAX?

Nomura Tax-Free USA Short Term ETF manages $11.2M in assets and has traded since Nov 28, 2023.

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

STAX 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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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).