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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 September 10, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -1.62% | -1.87% | -0.97% | +1.08% | ||
| Flows | +$3M | +$54M | +$121M | +$164M | - | - |
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 | 2530 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | August 19, 2025 |
| ESG | No |
More data and info about TAXI on Trackinsight
Exposure
Data as of July 31, 2026Diversification
Total weight of top 15 holdings out of 2,530
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Latest news about TAXI
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.09% | +1.76% | ||
Max drawdown | -2.27% | -2.64% | ||
Max drawdown duration | 66d | 193d | N/A | N/A |
Time to recover | N/A | N/A | N/A | N/A |
Replication quality
Data as of September 11, 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 September 10, 2026, TAXI manages $168.38 M, reflecting the total assets held in the fund.
How has TAXI performed recently?
As of September 10, 2026, TAXI delivered a return of -1.62% over the past month (1M performance), -1.87% over the past three months (3M), and -0.97% year-to-date (YTD).
What are the recent fund flows for TAXI?
As of September 10, 2026, TAXI has seen net flows of +$3M in the past month (1M flow) and +$121M year-to-date (YTD).
Does TAXI pay dividends?
As of September 10, 2026, TAXI has a trailing 12-month distribution yield of 2.7%.
How many holdings are in TAXI
As of July 31, 2026, TAXI holds 2530 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 July 31, 2026, TAXI holds 2530 securities, with 2.53% of its assets concentrated in its top 15 holdings.
What are the top holdings of TAXI?
As of July 31, 2026, TAXI holds a portfolio of 2530 underlyings, with its largest positions including US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1). 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 July 31, 2026, TAXI has its largest geographic exposures in USA.
What sectors or themes does TAXI focus on?
As of July 31, 2026, TAXI is primarily exposed to Municipal.
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