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Latest Macquarie ETF Trust Macquarie Tax-Free USA Short Term ETF  News | ARCA:STAX | Benzinga

To pursue its objective, Macquarie Tax-Free USA Short Term ETF will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in securities the income from which is exempt from federal income tax, including the federal alternative minimum tax. This is a fundamental investment policy that may not be changed without prior shareholder approval. The Fund will invest primarily in municipal debt obligations that are issued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses. The Fund will invest its assets in securities with short durations until maturity and will typically have a dollar-weighted average effective maturity of between 1 and 5 years.

Macquarie Tax-Free USA Short Term ETF

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Macquarie ETF Trust Macquarie National High-Yield Municipal Bond ETF

HTAX

Macquarie ETF Trust Macquarie Tax-Free USA Short Term ETF

STAX

Macquarie introduces HTAX, an actively managed ETF aiming for high yields through tax-exempt bonds. Expense ratio of 0.49%. $11.8B in muni bond assets.

Macquarie Expands ETF Lineup With HTAX, Targeting High-Yield Munis

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Macquarie Asset Management has introduced the Macquarie National High-Yield Municipal Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTAX#NYSE">HTAX</a>), an <a href="https://www.benzinga.com/etfs">actively managed fund </a>that aims to maximize returns through an income-driven, risk-controlled approach. The fund, launched on March 6, focuses on securities exempt from federal income tax and lower-rated bonds with higher yields.



HTAX has an expense ratio of 0.49%.



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"We believe high-yield municipal bonds offer investors a reliable source of tax-advantaged income, and active management is critical in identifying opportunities within the $4 trillion municipal bond market," <a href="https://www.businesswire.com/news/home/20250306321454/en/Macquarie-Asset-Management-expands-active-ETF-platform-with-high-yield-municipal-bond-ETF">said </a>Gregory Gizzi, head of U.S. fixed income and municipal bonds at Macquarie.



Interestingly, investors are increasingly turning to high-yield municipal bonds. 



&#8220;Despite comprising just 8% of the $4 trillion municipal bond market, high yield municipal bonds attracted 38% of the flows into open-end funds in 2024,&#8221; noted Macquarie in its fact sheet, citing a JPMorgan report.



HTAX is Macquarie's second actively managed fixed-income ETF, following the Macquarie Tax-Free USA Short Term ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STAX#NYSE">STAX</a>), launched in 2023. Macquarie manages $11.8 billion in assets across municipal bond strategies, according to its fact sheet.



Macquarie manages $633.7 billion in assets and employs a research-driven investment strategy. HTAX joins five other actively managed U.S.-listed ETFs under its umbrella.



Barron's Best Fund Families has notably given the top rank to Macquarie Asset Management overall in the Tax-Exempt Bond category twice in the past five years.



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Macquarie ETF Trust Macquarie Tax-Free USA Short Term ETF Stock News

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Latest Macquarie ETF Trust Macquarie Tax-Free USA Short Term ETF News | ARCA:STAX | Benzinga

Friday, March 07, 2025

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