Skip to content
Beacon

TAXINorthern Trust Intermediate Tax-Exempt Bond ETF

Get incomeNewRanked #602 of 1,650 in this goal

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%

#131 of 5,861 · low cost

Fund Size

$160M

#2,548 of 5,861 · mid-size

Dividend YieldGoal

—

Track Record

12 months

#4,575 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,336+3.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

BITA Pure Drone and Aerial Automation Index

What it actually holds

By weight

Concentration

Top 10 holdings = 2.2% of fund✓ well diversified

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
99.3%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (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

5.0 years

Avg maturity

10.8 years

Credit ratings

AAA
20.7%
AA
59.3%
A
18.1%
BBB
1.4%
Other
0.4%

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
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

What's next?

You've looked at TAXI. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04