What this ETF is trying to do

The NOMURA TAX-FREE USA ETF (ticker: LTAX) is an exchange-traded fund (ETF) that trades on the NYSE.

What the numbers show

As of September 18, 2026, the current price for one share of LTAX is $24.04.

When looking at how an investment performs, it is important to look at "returns." Returns tell you how much money an investment has made or lost over time. For this ETF, the supplied data did not include year-to-date (YTD), one-year, or three-year price returns. Additionally, total-return data was not supplied. Because this information is missing, we cannot see how the share price has changed over these specific time periods.

Income and distribution explanation

Some investors look for "distributions," which is cash paid out to people who own the ETF. The trailing distributions for LTAX were approximately $0.58 per share.

The distribution yield is about 2.43%. This number represents the cash distributions compared to the current price of the share. It is important to remember that a distribution yield is not the same as a total return. A high yield does not mean you have earned that same amount in overall profit.

In the last 12 months, this ETF had 8 payouts. While the fund's frequency is usually quarterly, it has paid out more often recently. Most of these payments occurred on a Friday.

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the actual assets held within the ETF. Investors often care about this because they want their original investment to stay stable.

StockValueFinder uses an "erosion-risk score" to help measure this risk. For LTAX, the erosion score was withheld because there is not enough verified price history available. There is no severe erosion-risk flag for this ETF at this time.

Pros

• The ETF has a distribution yield of approximately 2.43%.

• The fund has made 8 distributions over the last 12 months.

Cons

• There is no supplied data for price returns or total returns to show how the fund has performed in the past.

• No top holdings were listed in the provided data.

Beginner takeaway

When you study an ETF, remember that there are different ways to measure success. The "price return" only shows how the share price moved, while the "total return" includes both price changes and cash distributions. Also, keep in mind that receiving cash distributions is not a guarantee that the share price will stay the same. Since the performance history for LTAX was not supplied, you cannot see how its value has changed over the last year or three years.