Macquarie Asset Management expands active ETF platform with high yield municipal bond ETF
Macquarie Asset Management has launched the Macquarie National High-Yield Municipal Bond ETF (HTAX), expanding its active ETF platform. The new ETF shares the same yield-focused investment objective as their flagship high yield municipal bond mutual fund, managed by their Municipal Bond Team which oversees $11.8 billion in assets.
HTAX aims to provide tax-advantaged income and competitive risk-adjusted returns through an income-driven, risk-controlled approach. The fund leverages the expertise of Macquarie's Municipal Bond Team, whose platform includes 11 funds rated 5 stars by Morningstar. This launch represents Macquarie's second actively managed municipal bond ETF, following the Macquarie Tax-Free USA Short Term ETF (STAX).
Macquarie Asset Management ha lanciato il Macquarie National High-Yield Municipal Bond ETF (HTAX), ampliando la sua piattaforma di ETF attivi. Il nuovo ETF condivide lo stesso obiettivo di investimento focalizzato sul rendimento del loro fondo comune di obbligazioni municipali ad alto rendimento, gestito dal loro Team di Obbligazioni Municipali che supervisiona 11,8 miliardi di dollari in attività.
HTAX mira a fornire un reddito fiscalmente vantaggioso e rendimenti competitivi corretti per il rischio attraverso un approccio orientato al reddito e controllato per il rischio. Il fondo sfrutta l'expertise del Team di Obbligazioni Municipali di Macquarie, il cui portafoglio include 11 fondi valutati 5 stelle da Morningstar. Questo lancio rappresenta il secondo ETF di obbligazioni municipali gestito attivamente da Macquarie, dopo il Macquarie Tax-Free USA Short Term ETF (STAX).
Macquarie Asset Management ha lanzado el Macquarie National High-Yield Municipal Bond ETF (HTAX), ampliando su plataforma de ETF activos. El nuevo ETF comparte el mismo objetivo de inversión centrado en el rendimiento que su fondo mutuo de bonos municipales de alto rendimiento, gestionado por su Equipo de Bonos Municipales que supervisa 11.8 mil millones de dólares en activos.
HTAX tiene como objetivo proporcionar ingresos con ventajas fiscales y rendimientos competitivos ajustados al riesgo a través de un enfoque impulsado por ingresos y controlado por el riesgo. El fondo aprovecha la experiencia del Equipo de Bonos Municipales de Macquarie, cuya plataforma incluye 11 fondos calificados con 5 estrellas por Morningstar. Este lanzamiento representa el segundo ETF de bonos municipales gestionado activamente por Macquarie, después del Macquarie Tax-Free USA Short Term ETF (STAX).
맥쿼리 자산 운용이 맥쿼리 내셔널 하이일드 지방채 ETF (HTAX)를 출시하여 적극적인 ETF 플랫폼을 확장했습니다. 새로운 ETF는 118억 달러의 자산을 관리하는 지방채 팀이 운영하는 주요 하이일드 지방채 뮤추얼 펀드와 동일한 수익 중심의 투자 목표를 공유합니다.
HTAX는 세금 혜택을 제공하는 소득과 경쟁력 있는 위험 조정 수익을 목표로 하며, 수익 중심의 위험 관리 접근 방식을 통해 이를 달성합니다. 이 펀드는 맥쿼리의 지방채 팀의 전문성을 활용하며, 이 팀의 플랫폼에는 Morningstar에서 5성 평가를 받은 11개의 펀드가 포함되어 있습니다. 이번 출시는 맥쿼리의 두 번째 적극적으로 관리되는 지방채 ETF로, 맥쿼리 세금 면제 미국 단기 ETF (STAX) 이후에 이루어졌습니다.
Macquarie Asset Management a lancé le Macquarie National High-Yield Municipal Bond ETF (HTAX), élargissant ainsi sa plateforme d'ETF actifs. Le nouvel ETF partage le même objectif d'investissement axé sur le rendement que leur fonds commun de placement en obligations municipales à haut rendement, géré par leur équipe d'obligations municipales qui supervise 11,8 milliards de dollars d'actifs.
HTAX vise à fournir un revenu fiscalement avantageux et des rendements compétitifs ajustés au risque grâce à une approche axée sur le revenu et contrôlée en matière de risque. Le fonds exploite l'expertise de l'équipe d'obligations municipales de Macquarie, dont la plateforme comprend 11 fonds notés 5 étoiles par Morningstar. Ce lancement représente le deuxième ETF d'obligations municipales géré activement par Macquarie, après le Macquarie Tax-Free USA Short Term ETF (STAX).
Macquarie Asset Management hat den Macquarie National High-Yield Municipal Bond ETF (HTAX) auf den Markt gebracht und damit seine aktive ETF-Plattform erweitert. Der neue ETF verfolgt dasselbe renditeorientierte Anlageziel wie ihr führender Hochzins-Anleihenfonds, der von ihrem Kommunalanleihe-Team verwaltet wird, das 11,8 Milliarden Dollar an Vermögenswerten betreut.
HTAX zielt darauf ab, steuerbegünstigte Einkünfte und wettbewerbsfähige risikoadjustierte Renditen durch einen einkommensorientierten, risikokontrollierten Ansatz zu bieten. Der Fonds nutzt das Fachwissen des Kommunalanleihe-Teams von Macquarie, dessen Plattform 11 Fonds umfasst, die von Morningstar mit 5 Sternen bewertet wurden. Diese Einführung stellt den zweiten aktiv verwalteten Kommunalanleihe-ETF von Macquarie dar, nach dem Macquarie Tax-Free USA Short Term ETF (STAX).
- Launch of new high-yield municipal bond ETF expanding product lineup
- Strong track record with 11 funds rated 5 stars by Morningstar
- Substantial AUM of $11.8B in municipal bond team
- Tax-advantaged income potential for investors
- None.
Insights
Macquarie Asset Management's launch of the National High-Yield Municipal Bond ETF (HTAX) represents a strategic expansion of their active ETF platform, leveraging their existing expertise in municipal bonds. This is their second actively managed municipal bond ETF and part of a broader push having launched over a dozen active ETFs since November 2023.
The new ETF taps into Macquarie's municipal bond team that manages
This launch occurs amid continued growth in the municipal bond market, which now exceeds
Provides ETF investors with access to the firm’s award-winning1 national high yield municipal bond strategy
This new ETF aims to maximize return with an income-driven, risk-controlled approach and a research-driven investment process. HTAX leverages the award-winning expertise of Macquarie Asset Management’s Municipal Bond Team, with
“We believe high yield municipal bonds can provide investors with a reliable source of tax-advantaged income, and active management is essential to finding opportunities in the over
“Today’s launch marks an exciting expansion of our active ETF lineup,” said Anthony Caruso, Head of ETF Strategy at Macquarie Asset Management. “Offering investors access to our flagship high yield municipal bond strategy within the convenience of an ETF underscores our commitment to delivering exceptional service to our clients.”
HTAX is Macquarie Asset Management’s second actively managed municipal bond ETF, after Macquarie Tax-Free USA Short Term ETF (STAX). Since November 2023, Macquarie Asset Management has launched more than a dozen active ETFs in the US and
To learn more about Macquarie Asset Management’s global ETF platform, click here.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 30 September 2024.
1 Barron’s Best Fund Families ranked Macquarie Asset Management #1 in the tax-exempt bond category for 2023 and 2020. The ranking looks at one-year relative performance of fund firms that offer a diversified lineup of actively managed mutual funds and ETFs. The ranking eliminates index funds. Results are based on firms’ skill in active management. Ranking calculates returns before any 12b-1 fees are deducted. Similarly, fund loads, or sales charges are not included in the return calculations. 49 asset managers were included in Barron’s one-year ranking list for the year ending December 31, 2023. 53 asset managers were included in Barron’s one-year ranking list for the year ending December 31, 2020. In 2020, the Macquarie Municipal Bond Team was listed under Delaware Management. This ranking is not based on total return. The ranking is the opinion of Barron’s and not Macquarie Group. No such person creating the ranking is affiliated with Macquarie Group. There can be no assurances that other providers or surveys would reach the same conclusions as this ranking. Macquarie National High-Yield Municipal Bond ETF (HTAX) is not included in the ranking.
2 As at 31 December 2024.
3 As at 31 January 2025. Reflects Institutional Class shares, which are only available to certain investors. Morningstar rating is based on Morningstar risk-adjusted return measure that accounts for variation in a managed product's monthly excess performance. Past performance is no guarantee of future results.
In the Morningstar High-Yield Muni category, Macquarie National High-Yield Municipal Bond Fund (DVHIX) rated 4, 5, and 5 stars for the 3-, 5-, and 10-year periods ended 1/31/2025 among 183, 177, and 120 funds, respectively, and 5 stars out of 183 funds in the overall rating. In the Morningstar Muni National Long category, Macquarie Tax-Free
4 As at 31 December 2024.
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Rachel Waxman
rachel.waxman@macquarie.com
+1 310 800 4512
Source: Macquarie Asset Management
FAQ
What is the investment objective of the new Macquarie HTAX ETF?
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How many Macquarie municipal bond funds are rated 5 stars by Morningstar?
What makes HTAX different from other municipal bond ETFs?
