TAXSNorthern Trust Short-Term Tax-Exempt Bond ETF

Get incomeNewRanked #698 of 1,622 in this goal

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%

#275 of 5,562 · low cost

Fund Size

$94M

#3,004 of 5,562 · mid-size

Dividend YieldGoal

—

Track Record

10 months

#4,679 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,223+2.2%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE Short Term Focused Municipal Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 4.0% of fund✓ well diversified

Indiana Finance Authority

0.5%

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

0.4%

Southeast Energy Authority A Cooperative District

0.4%

State of Minnesota

0.4%

Ohio Water Development Authority

0.4%

Kentucky State Property & Building Commission

0.4%

Great Lakes Water Authority Water Supply System Revenue

0.4%

Asset allocation

Bonds

99.5%

Cash

0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (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

4.9 years

Avg maturity

10.5 years

Credit ratings

AAA

22.6%

55.6%

21.1%

BBB

0.4%

Other

0.3%

Where to buy

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: Invests primarily in investment-grade municipal bonds with maturities of less than five years, as determined by the ICE Short Term Focused Municipal Bond Index. Uses a passive indexing approach to replicate the index's performance.
Inception date: August 18, 2025
Fund family: Northern Trust