Nomura National High-Yield Municipal Bond ETF (HTAX)

Nomura National High-Yield Municipal Bond ETF (HTAX) is an exchange-traded fund in the High Yield Muni category. It has $58.49M in assets, an expense ratio of 0.49% and a 4.51% dividend yield. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax. Municipal debt obligations are issued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses.