12-Month Yield
as of
For those who've earned the right to earn differently.
Designed with liquidity and flexibility in mind, ZTAX's marginable structure improves accessibility and may provide a relief on tax liability on interest and dividends earned*.
*Interest income from municipal bonds is generally exempt from federal income tax but may be subject to state or local taxes and the alternative minimum tax (AMT), depending on the investor's status.
Past performance does not guarantee future results. Please visit the Our Fund page for current yield and daily performance updates.
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Tax-exempt income could be your portfolio's smartest move this year, let's talk about it:
Invest in ZTAX
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The brokerage firms listed are not affiliated with ALPS Distributors, Inc., or X-Square Capital. These links are provided for your convenience. Please consult your brokerage firm for information about investing in ZTAX.

Designed for tax advantaged income.
FAQ
What is the tax advantage of ZTAX compared to other ETFs?
Interest income is exempt from Federal, State, and Local Income Taxes for EE.UU. based Investors. For non-U.S. investors, tax treatment may vary, while still enjoying Federal Tax exemption.
This positions ZTAX as a highly tax-efficient municipal bond ETF, particularly attractive to investors in high tax brackets. Learn more on our Our Fund page.
Can I invest in ZTAX through my brokerage account?
Yes! ZTAX is listed on the NYSE and is available on the major brokerage platforms under the ticker “ZTAX.” You can buy or sell shares just like any publicly traded stock or ETF. Check with your preferred brokerage for availability!
Does ZTAX have a minimum investment amount?
ZTAX does not have a fund-imposed minimum. You can invest in as little as one share through your brokerage account. Minimums may vary depending on your broker.
How is the market price of an ETF determined?
The market price of an ETF, like ZTAX, is driven by supply and demand on the exchange where it trades. This price may slightly differ from its Net Asset Value (NAV), which reflects the value of its underlying bonds. For daily NAV and market price updates, visit the Our Fund page.
ZTAX takes a different approach.
About the Adviser
X-Square Capital is a registered investment adviser that provides investment advisory services to individual and institutional clients.
Comprised of professional money managers & advisers with extensive experience in financial markets.