Optimal Tax Managed Equity ETF (OTAX)

Optimal Tax Managed Equity ETF (OTAX) is an exchange-traded fund listed on the NYSE that invests in equities with an emphasis on tax-efficient portfolio management. Its goal is long-term capital appreciation while seeking to limit the taxable distributions passed on to shareholders.

Tax-managed equity strategies of this kind typically hold a diversified portfolio of stocks and manage turnover with attention to the tax consequences of trading, for example by harvesting losses and avoiding unnecessary realization of gains. The ETF structure itself, with in-kind creations and redemptions, also helps reduce capital gains distributions.