Fund Evaluator:
X-Square Municipal Income Tax Free ETF (ZTAX)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni National Interm
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.92% F
Expense Ratio
$7 Mil
Assets
Open
Status
na
12b-1 Fee
4.43%
TTM Yield
0.00%
Max Load
1%
Portfolio Turnover
Best Performing in Muni National Interm Over the Last Year
| 9.5% | Sit Tax-Free Income (SNTIX) |
| 7.0% | Putnam Strategic Intermediate Muncpl Y (PAMYX) |
| 7.0% | Brown Advisory Tax Exempt Bond Investor (BIAEX) |
| 6.8% | AMG GW&K Municipal Bond N (GWMTX) |
| 6.8% | Vanguard Tax-Exempt Bond Index Admiral (VTEAX) |
Data as of 6/30/2026
1.1% A
1-Mo Return
3.2% A
3-Mo Return
3.6% A
YTD Return
8.2% A
1-Yr Return
5.3% A
3-Yr Return
na
5-Yr Return
1.17 F
Category Risk Index
0.47
Total Risk Index
Fund Details
Fund Family
Xsquare Capital
Inception Date
5/18/2023
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg Muni Bd: HY (NI Grade) TR USD: 100%
Additional Fund Details
X-Square Municipal Income Tax Free ETF Overview
ZTAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ZTAX Return (NAV) | 1.1% | 3.2% | 8.2% | 5.3% | na | na |
| ZTAX Grade | A | A | A | A | na | na |
| +/- Category | 0.5% | 1.1% | 2.2% | 1.5% | na | na |
| Muni National Interm Avg | 0.7% | 2.1% | 6.1% | 3.8% | 1.1% | 1.9% |
| ZTAX Tax Cost Ratio | na | na | 0.0% | 0.0% | na | na |
ZTAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ZTAX Return (NAV) | 3.6% | 3.6% | 2.8% | na | na | na | na | na | na | na | na |
| ZTAX Grade | A | F | A | na | na | na | na | na | na | na | na |
| +/- Category | 1.6% | -0.6% | 0.8% | na | na | na | na | na | na | na | na |
| Muni National Interm Avg | 2.0% | 4.2% | 2.0% | 5.8% | -8.2% | 1.7% | 4.3% | 6.7% | 0.8% | 4.7% | -0.2% |
| Risk Measures | |
| Standard Deviation: | 5.7% |
| Total Risk Index: | 0.47 - Low |
| Category Risk Index: | 1.17 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 0.93 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $7 Mil |
| Fund Total Assets: | $ 7 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 1% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.1 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Canto Ignacio (2023), Medina Gabriel (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 17 |
| % in Top 10 Holdings: | 87.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 100.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Xsquare Capital |
| Phone Number: | 844-314-9951 |
| Website: |
| Status: | Open |
| Inception Date: | May 18, 2023 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.68% |
| Share Class: | X-Square Municipal Income Tax Free ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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