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%
#275 of 5,568 · low cost
Fund Size
$144M
#2,596 of 5,568 · mid-size
Dividend YieldGoal
—
Track Record
10 months
#4,680 of 5,568 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,429+4.3%
Total-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
BITA Pure Drone and Aerial Automation Index
What it actually holds
By weightConcentration
Top 10 holdings = 2.9% of fund✓ well diversified
Clark County School District
0.4%
New Jersey Transportation Trust Fund Authority
0.3%
State of Maryland
0.3%
Idaho Housing & Finance Association
0.3%
State of Maryland Department of Transportation
0.3%
Louisiana Local Government Environmental Facilities & Community Development Auth
0.3%
University of California
0.3%
Southeast Energy Authority A Cooperative District
0.3%
Energy Southeast A Cooperative District
0.3%
Southeast Energy Authority A Cooperative District
0.3%
Asset allocation
Bonds
99.7%
Cash
0.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-2.2%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
4.9 years
Avg maturity
10.8 years
Credit ratings
AAA
20.7%
AA
59.3%
A
18.1%
BBB
1.4%
Other
0.4%
Where to buy
Listing
- Exchange
- NASDAQ Global Market, NASDAQ Global Select 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
- Invests primarily in investment-grade municipal bonds with maturities of less than 15 years, as determined by the ICE Intermediate Term Focused Municipal Bond Index. Uses a passive indexing approach to replicate the index's performance, generally reconstituting its portfolio accordingly.
- Inception date
- August 18, 2025
- Fund family
- Northern Trust
Similar ETFs
Closest matches by profileWhat's next?
You've reviewed TAXI. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-20