TAXINorthern Trust Intermediate Tax-Exempt Bond ETF
Seeks investment results that correspond generally to the price and yield performance of the ICE Intermediate Term Focused Municipal Bond Index.
By Northern Trust · Launched 2025
Annual Cost
0.05%
#132 of 6,040 · low cost
Fund Size
$165M
#2,628 of 6,040 · mid-size
Return (1Y)
+0.6%
Track Record
1 year
#4,578 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,065+0.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
BITA Pure Drone and Aerial Automation Index
Holdings
By weightConcentration
Top 10 holdings = 2.2% of funddiversified
New York City Municipal Water Finance Authority
0.4%
California Community Choice Financing Authority
0.2%
Southeast Energy Authority A Cooperative District
0.2%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.2%
City of New York NY
0.2%
Kentucky Public Energy Authority
0.2%
Southeast Energy Authority A Cooperative District
0.2%
California Community Choice Financing Authority
0.2%
Minnesota Municipal Gas Agency
0.2%
Energy Southeast A Cooperative District
0.2%
Asset allocation
Bonds
99.0%
Cash
1.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.0%Low
Year-on-year price swings
Max drawdown
-2.9%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Bond profile
Duration
5.0 years
Avg maturity
10.6 years
Credit ratings
AAA
20.7%
AA
59.9%
A
18.1%
BBB
1.2%
Listing
- Exchange
- NASDAQ Global Select Market, NASDAQ Global Market
Full fund details
- Objective
- Seeks investment results that correspond generally to the price and yield performance of the ICE Intermediate Term Focused Municipal Bond Index.
- Strategy
- Employs a passive indexing approach to track the ICE Intermediate Term Focused Municipal Bond Index, which measures the performance of investment-grade U.S. municipal bonds with maturities of less than 15 years. The Fund invests at least 80% of its net assets in tax-exempt debt instruments, using representative sampling to manage its portfolio.
- Inception date
- August 18, 2025
- Fund family
- Northern Trust
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18