Nomura National High-Yield Municipal Bond ETF
Nomura National High-Yield Municipal Bond ETF (AMEX: HTAX) is an exchange-traded fund listed on NYSE Arca, trading at $23.23 (about ₹2,228 a unit) as of 25 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.49%. Indian residents can buy HTAX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.20
Today's high
$23.38
52 week low
$23.20
52 week high
$25.08
HTAX opened at $23.38, closed previously at $23.34, and has traded between $23.20 and $25.08 over the past 52 weeks.
About
HTAX is an actively managed Exchange Traded Fund (ETF) designed to generate substantial current income that is exempt from federal taxation. It primarily achieves this by investing in high-yield municipal bonds issued by U.S. state and local governments, which finance diverse public projects. The fund's portfolio encompasses a range of municipal bond maturities, with its dollar-weighted average effective maturity typically falling between 5 and 30 years. The portfolio manager strategically adjusts these maturities to strike a balance between maximizing tax-exempt income and preserving capital. Prospective income from the fund is subject to fluctuations, influenced by prevailing interest rates and the specific composition of its holdings. The fund retains the flexibility to invest in a broad spectrum of municipal bond types, including, but not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation. Should market conditions dictate, the manager may concentrate investments in particular bond categories or specific segments of the municipal bond market. Please note that effective December 1, 2025, the "Macquarie" portion of the fund's name will be replaced by "Nomura."
Key statistics
Expense ratio
0.49%
Assets (AUM)
$57.2M
Holdings
—
NAV
$23.13
Avg. volume
—
1-year price change
-4.72%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 14.1% of the fund.
Where the money is invested
Countries
How to buy HTAX from India
Indian residents can buy HTAX units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search HTAX and buy
Find the fund by its ticker, HTAX, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in HTAX from India
Trading and taxes when buying HTAX from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the HTAX price today?
Nomura National High-Yield Municipal Bond ETF (HTAX) last traded at $23.23 on NYSE Arca, as of 25 Sep 2026, 3:59 PM ET. That is ₹2,228 a unit at the 27 Sep 2026 USD/INR rate.
When does HTAX trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is HTAX, and what does it cost to hold?
Nomura National High-Yield Municipal Bond ETF manages about $57.2M. Its expense ratio is 0.49% a year, deducted inside the fund. It launched in 2025.
What are HTAX's largest holdings?
The top three are US DOLLAR (2.3%), BAY AREA TOLL VAR 04/59 (1.7%) and PUERTO RICO 5% 07/58 (1.7%). HTAX's 10 largest positions make up 14.1% of the fund.
Does HTAX pay dividends?
Yes. HTAX is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on HTAX taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of HTAX?
Yes. You can buy HTAX by amount rather than by whole unit, and there is no minimum trade size.
How has HTAX performed?
HTAX's price is down 4.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.