TAXSNorthern Trust Short-Term Tax-Exempt Bond ETF
Seeks investment results that correspond generally to the price and yield performance of the ICE Short Term Focused Municipal Bond Index.
By Northern Trust · Launched 2025
Annual Cost
0.05%
#131 of 5,861 · low cost
Fund Size
$118M
#2,834 of 5,861 · mid-size
Dividend YieldGoal
—
Track Record
12 months
#4,575 of 5,861 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,209+2.1%
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
ICE Short Term Focused Municipal Bond Index
What it actually holds
By weightConcentration
Top 10 holdings = 3.4% of fund✓ well diversified
Indiana Finance Authority
0.4%
Duval County Public Schools
0.4%
Southeast Energy Authority A Cooperative District
0.4%
District of Columbia Water & Sewer Authority
0.4%
Ohio Water Development Authority
0.3%
State of Minnesota
0.3%
Southeast Energy Authority A Cooperative District
0.3%
Kentucky State Property & Building Commission
0.3%
Ohio Water Development Authority
0.3%
Great Lakes Water Authority Water Supply System Revenue
0.3%
Asset allocation
Bonds
93.4%
Cash
6.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-0.8%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
10.5 years
Credit ratings
AAA
22.6%
AA
55.6%
A
21.1%
BBB
0.4%
Other
0.3%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks investment results that correspond generally to the price and yield performance of the ICE Short Term Focused Municipal Bond Index.
- Strategy
- Employs a passive indexing approach to track the ICE Short Term Focused Municipal Bond Index, which measures the performance of investment-grade U.S. municipal bonds with maturities of less than five 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
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Data updated on 2026-08-04