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

ZTAX · NYSE · Fund

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

## Top holdings (as of Aug 27, 2026)

The 10 largest positions make up 86.8% of the fund.

| Ticker | Weight |
| --- | --- |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev 5.0% 01-JUL-2058 | 19.13% |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.784% 01-JUL-2058 | 16.29% |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-JUL-2040 | 8.68% |
| Matching Fd Spl Purp Securitization Corp Virginis 5.0% 01-OCT-2039 | 8.54% |
| Puerto Rico Comwlth 4.0% 01-JUL-2037 | 8.07% |
| Puerto Rico Comwlth 5.75% 01-JUL-2031 | 5.70% |
| Puerto Rico Comwlth Aqueduct & Swr Auth Rev 5.0% 01-JUL-2047 | 5.53% |
| Puerto Rico Comwlth Aqueduct & Swr Auth Rev 5.0% 01-JUL-2037 | 5.12% |
| Puerto Rico Comwlth Aqueduct & Swr Auth Rev 5.0% 01-JUL-2028 | 5.07% |
| Puerto Rico Comwlth Aqueduct & Swr Auth Rev 4.0% 01-JUL-2042 | 4.62% |

## Frequently Asked Questions

### What are the top holdings of ZTAX?

As of Aug 27, 2026, the largest positions in X-Square Municipal Income ETF are Puerto Rico Sales Tax Fing Corp Sales Tax Rev 5.0% 01-JUL-2058 (19.1%), Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.784% 01-JUL-2058 (16.3%), Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-JUL-2040 (8.7%), Matching Fd Spl Purp Securitization Corp Virginis 5.0% 01-OCT-2039 (8.5%), Puerto Rico Comwlth 4.0% 01-JUL-2037 (8.1%).

### How concentrated is ZTAX?

The 10 largest positions make up 86.8% of X-Square Municipal Income ETF, as reported on Aug 27, 2026.

---

Fund holdings are reported periodically and are a snapshot of a past date, not a live position list — what the fund holds today may differ. Weights cover only the largest positions shown, not the whole portfolio.

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).