Morningstar

X-Square Municipal Income Tax Free ETF ZTAX

Morningstar Medalist Rating
Medalist Rating as of | See Xsquare Capital Investment Hub

Morningstar’s Analysis ZTAX

Will ZTAX 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 ZTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ZTAX 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 ZTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in X-Square Municipal Income Tax Free 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

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ZTAX

More ZTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 94.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%

26.13 1.1 Mil
municipal

PUERTO RICO COMWLTH 4%

15.23 619,457
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

10.94 445,133
municipal

PUERTO RICO COMWLTH 5.625%

8.65 351,952
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

7.05 286,690
municipal

PUERTO RICO COMWLTH 5.75%

6.81 277,012
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

6.53 265,753
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

6.42 261,285
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

4.92 199,937
municipal

GUAM GOVT BUSINESS PRIVILEGE TAX REV 4%

2.24 91,168
municipal

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