Tax Equivalent Yield
7.31%
Hypothetical
33% Tax Bracket
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 can significantly reduce (or even eliminate) the tax liability on interest and dividends earned.
Tax Equivalent Yield (TEY) is a hypothetical metric used to compare the yield of a tax-exempt investment to that of a taxable investment, based on an assumed ordinary income tax rate. This example assumes a 33% tax bracket and a 12-Month Yield of , as of .
For illustrative purposes only, this figure is updated monthly on this page. TEY and yield figures do not represent guaranteed performance. Past performance does not guarantee future results. Please visit the Our Fund page for current yield and daily performance updates.
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Designed for tax advantaged income.
Built for peace of mind.
FAQ
What is the tax advantage of ZTAX compared to other ETFs?
ZTAX offers a unique tax exemption - 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.
Most Muni ETFs dilute the benefits of territory bonds,
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.
