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Northern Trust Intermediate Tax-Exempt Bond ETF
TAXI performance and flow charts
Performance
Flows
Historic performance and flows
Data as of July 24, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.29% | -1.75% | -1.06% | |||
| Flows | +$11M | +$7M | +$79M | - | - | - |
Characteristics
The Northern Trust Intermediate Tax-Exempt Bond ETF is built to track the ICE Intermediate Term Focused Municipal Bond Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | Northern Trust |
| N° of holdings | 2397 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
| Inception date | August 19, 2025 |
| ESG | No |
More data and info about TAXI on Trackinsight
Exposure
Data as of June 30, 2026Diversification
Total weight of top 15 holdings out of 2,397
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Latest news about TAXI
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +3.82% | |||
Max drawdown | -2.23% | |||
Max drawdown duration | 88d | N/A | N/A | N/A |
Time to recover | N/A | N/A | N/A | N/A |
Replication quality
Data as of July 28, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is TAXI?
TAXI is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Northern Trust.
What index does TAXI track?
TAXI tracks the ICE Intermediate Term Focused Municipal Bond Index - USD, aiming to replicate its performance through optimized sampling.
What does TAXI invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of TAXI?
The total expense ratio (TER) of TAXI is 0.05%, representing the annual fee charged by the fund manager.
When was TAXI launched?
TAXI was launched on August 19, 2025, marking its entry into the ETF market.
Who is the issuer of TAXI?
TAXI is issued by Northern Trust.
What is the AUM of TAXI?
As of July 24, 2026, TAXI manages $128.06 M, reflecting the total assets held in the fund.
How has TAXI performed recently?
As of July 24, 2026, TAXI delivered a return of -0.29% over the past month (1M performance), -1.75% over the past three months (3M), and -1.06% year-to-date (YTD).
What are the recent fund flows for TAXI?
As of July 24, 2026, TAXI has seen net flows of +$11M in the past month (1M flow) and +$79M year-to-date (YTD).
How many holdings are in TAXI
As of June 30, 2026, TAXI holds 2397 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is TAXI?
As of June 30, 2026, TAXI holds 2397 securities, with 2.32% of its assets concentrated in its top 15 holdings.
What are the top holdings of TAXI?
As of June 30, 2026, TAXI holds a portfolio of 2397 underlyings, with its largest positions including US56879EHE23, US13013JGF75 and US84136JAL35. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does TAXI invest in?
As of June 30, 2026, TAXI has its largest geographic exposures in USA.
What sectors or themes does TAXI focus on?
As of June 30, 2026, TAXI is primarily exposed to Municipal.
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