LTAX is actively managed and invests in securities exempt from federal income tax, including the federal alternative minimum tax (Federal AMT). It primarily holds municipal debt obligations issued by state and local governments for public purposes such as hospitals, schools, and capital expenses. Up to 20% of the portfolio may be allocated to high-yield debt securities. The fund aims to maintain a dollar-weighted average effective maturity of 5 to 30 years. Income levels may vary with interest rates and portfolio composition. The fund may concentrate on holdings in specific municipal bond sectors when supply in other sectors is limited. Municipal debt types include advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.

資産クラス

Fixed Income

運用会社

Nomura

設定国

US

設定日

2026年1月12日

ISIN

US5559278883