Key stats
About Northern Trust Intermediate Tax-Exempt Bond ETF
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Inception date
Aug 19, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Northern Funds Distributors LLC
ISIN
US6651622101
TAXI aims to provide tax-exempt income through intermediate-term, investment grade municipal bonds. The fund is passively managed, tracking an index that comprises debt securities publicly issued by US states, local governments, or agencies whose interest is exempt from US federal income taxes and the federal alternative minimum tax (AMT). Eligible bonds must be USD-denominated, part of a deal with an original offering size of at least $100 million, have at least one day and less than 15 years remaining term to final maturity, a fixed coupon schedule, and an outstanding face value of $10 million. The fund excludes bonds issued by US territories, except debts issued by the District of Columbia. The index constituents are weighted by market value, subject to various capping constraints, and are reconstituted on a monthly basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TAXI assets under management is 8.04 M USD. It's risen 0.50% over the last month.
TAXI fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TAXI pays dividends to its holders with the dividend yield of 0.10%. The last dividend (Sep 8, 2025) amounted to 0.05 USD. The dividends are paid monthly.
TAXI shares are issued by Northern Trust Corp. under the brand Northern Funds. The ETF was launched on Aug 19, 2025, and its management style is Passive.
TAXI expense ratio is 0.05% meaning you'd have to pay 0.05% of your investment to help manage the fund.
TAXI follows the ICE Intermediate Term Focused Municipal Bond Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TAXI invests in bonds.
TAXI trades at a premium (1.03%) meaning the ETF is trading at a higher price than the calculated NAV.