X-Square Municipal Income ETF (ZTAX)
ARCA ARCA Primary Summary
ZTAX Chart
Canto to Showcase Triple Tax Exempt Muni at Exchange
Evan Harp sat down with Ignacio Canto, founder of X-Square Capital. They discussed their municipal income product, the X-Square Municipal Income Tax-free Fund (ZTAX).
X-Square Municipal Income ETF (ZTAX) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has X-Square Municipal Income ETF ever had a stock split?
X-Square Municipal Income ETF Profile
| ARCA Exchange | US Country |
Overview
The company is focused on providing investment solutions through a specialized fund dedicated to tax-exempt municipal securities. This fund primarily targets investments in tax-exempt municipal securities from regions like Puerto Rico, Guam, and the U.S. Virgin Islands, aiming to offer income exempt from both federal and state taxes. With an operational approach that allows for investing in municipal securities across a wide spectrum of maturities, durations, and credit ratings, including high-yield options, the fund caters to a diverse range of investment appetites. Notably, the fund's structure is non-diversified, concentrating its investments in tax-exempt municipal bonds to potentially provide higher returns to its investors.
Products and Services
The company's primary focus revolves around the following investment product:
- Tax-Exempt Municipal Securities Fund
This fund dedicates at least 80% of its assets to tax-exempt municipal securities, aiming to deliver income that is not subject to federal and state income taxes. Here is a closer look at the components of this product:
- Focus on Specific Regions: Primarily investing in tax-exempt municipal securities issued by Puerto Rico, Guam, and the U.S. Virgin Islands, the fund seeks to take advantage of the fiscal benefits and opportunities within these territories.
- Wide Range of Securities: The fund’s investment portfolio includes a broad spectrum of municipal securities, ranging from those with short-term maturities to long-term obligations, and encompasses varying degrees of credit quality, including high-yield junk bonds. This wide range allows for a tailored investment strategy that can cater to a variety of risk tolerances and financial goals.
- Non-Diversified Fund Structure: The fund's non-diversified status means it can allocate a larger portion of its assets to a limited number of securities. This approach allows for potentially higher returns, though it may also carry more risk compared to a diversified fund.
