# X-Square Municipal Income ETF (ZTAX) — Overview

ZTAX · NYSE · Fund

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

## Price

Last close $25.10 on Aug 31, 2026. 52-week range $24.36 – $28.55.

## Fund profile

ZTAX is an actively managed fund that invests in USD-denominated municipal securities that are exempt from US federal, state, and local taxes. Securities could be of any maturity or credit quality issued by Puerto Rico, Guam and the US Virgin Islands.

| Metric | Value |
| --- | --- |
| Issuer | X-Square Capital |
| Industry | — |
| Inception | May 19, 2023 |
| Assets under management | $5.1M |
| Expense ratio | 0.92% |
| Net asset value | $24.89 (as of Aug 31, 2026) |
| Distributions | Semi-Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is X-Square Municipal Income ETF (ZTAX)?

ZTAX is an actively managed fund that invests in USD-denominated municipal securities that are exempt from US federal, state, and local taxes. Securities could be of any maturity or credit quality issued by Puerto Rico, Guam and the US Virgin Islands.

### What is ZTAX's expense ratio?

X-Square Municipal Income ETF charges an annual expense ratio of 0.92%. The fund is issued by X-Square Capital.

### How large is ZTAX?

X-Square Municipal Income ETF manages $5.1M in assets and has traded since May 19, 2023.

### How do I buy shares of X-Square Municipal Income ETF (ZTAX)?

ZTAX trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web dashboard at portal.lighthorse.io, the trading API, or an AI agent connected over MCP. 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).