TAXTNorthern Trust Tax-Exempt Bond ETF
Seeks investment results that correspond generally to the price and yield performance of the ICE All Maturity Focused Municipal Bond Index.
By Northern Trust · Launched 2025
Annual Cost
0.05%
#132 of 6,040 · low cost
Fund Size
$65M
#3,481 of 6,040 · mid-size
Return (1Y)
+1.0%
Track Record
1 year
#4,578 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,099+1.0%
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 All Maturity Focused Municipal Bond Index
Holdings
By weightConcentration
Top 10 holdings = 4.6% of funddiversified
New York City Municipal Water Finance Authority
0.7%
City of New York NY
0.6%
University of California
0.6%
Empire State Development Corp.
0.5%
New York State Thruway Authority
0.5%
City of San Francisco CA Public Utilities Commission Water Revenue
0.4%
California State University
0.4%
County of Clark NV
0.4%
Southeast Energy Authority A Cooperative District
0.3%
Monroe County Industrial Development Corp.
0.3%
Asset allocation
Bonds
98.9%
Cash
1.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.7%Low
Year-on-year price swings
Max drawdown
-3.2%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
10.4 years
Credit ratings
AAA
20.6%
AA
58.6%
A
18.7%
BBB
2.0%
BB
0.1%
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 All Maturity Focused Municipal Bond Index.
- Strategy
- Employs a passive indexing approach to track the investment-grade segment of the U.S. municipal bond market, investing primarily in bonds exempt from federal income tax. The Fund uses representative sampling to manage its portfolio, aiming to maintain an average maturity consistent with the Underlying Index.
- 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