Morningstar

Macquarie Tax-Free USA Short Term ETF STAX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub

Morningstar’s Analysis STAX

Will STAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable STAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the STAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of STAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Macquarie Tax-Free USA Short Term ETF's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings STAX

More STAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

4.95 251,386
municipal

CHICAGO ILL WTR REV 5%

4.86 246,670
municipal

TEXAS ST 5%

4.49 228,040
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

4.48 227,430
municipal

MINNEAPOLIS MINN SPL SCH DIST NO 001 CTFS PARTN 5%

3.98 201,897
municipal

PENNSYLVANIA ST 5%

3.96 200,847
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

3.94 200,255
municipal

COLORADO EDL & CULTURAL FACS AUTH REV 4.5%

3.94 200,089
municipal

DISTRICT COLUMBIA 5%

3.93 199,736
municipal

PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 5%

3.90 198,004
municipal

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