STAX was created on 2023-11-28 by Nomura. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 6.32m in AUM and 52 holdings. STAX actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years.