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Northern Trust Short-Term Tax-Exempt Bond ETF
TAXS performance and flow charts
Performance
Flows
Historic performance and flows
Data as of April 22, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +0.31% | +0.29% | +0.75% | |||
| Flows | +$6M | +$16M | +$16M | - | - | - |
Characteristics
The Northern Trust Short-Term Tax-Exempt Bond ETF is built to track the ICE Short 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 | 924 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
| Inception date | August 19, 2025 |
| ESG | No |
More data and info about TAXS on Trackinsight
Exposure
Data as of March 31, 2026Diversification
Total weight of top 15 holdings out of 924
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Latest news about TAXS
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +1.03% | |||
Max drawdown | -0.83% | |||
Max drawdown duration | 55d | N/A | N/A | N/A |
Time to recover | N/A | N/A | N/A | N/A |
Replication quality
Data as of April 27, 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 TAXS?
TAXS is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Northern Trust.
What index does TAXS track?
TAXS tracks the ICE Short Term Focused Municipal Bond Index - USD, aiming to replicate its performance through optimized sampling.
What does TAXS 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 TAXS?
The total expense ratio (TER) of TAXS is 0.05%, representing the annual fee charged by the fund manager.
When was TAXS launched?
TAXS was launched on August 19, 2025, marking its entry into the ETF market.
Who is the issuer of TAXS?
TAXS is issued by Northern Trust.
What is the AUM of TAXS?
As of April 22, 2026, TAXS manages $87.52 M, reflecting the total assets held in the fund.
How has TAXS performed recently?
As of April 22, 2026, TAXS delivered a return of 0.31% over the past month (1M performance), 0.29% over the past three months (3M), and 0.75% year-to-date (YTD).
What are the recent fund flows for TAXS?
As of April 22, 2026, TAXS has seen net flows of +$6M in the past month (1M flow) and +$16M year-to-date (YTD).
How many holdings are in TAXS
As of March 31, 2026, TAXS holds 924 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is TAXS?
As of March 31, 2026, TAXS holds 924 securities, with 4.76% of its assets concentrated in its top 15 holdings.
What are the top holdings of TAXS?
As of March 31, 2026, TAXS holds a portfolio of 924 underlyings, with its largest positions including US45505MJL19, US267169HD59 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 TAXS invest in?
As of March 31, 2026, TAXS has its largest geographic exposures in USA.
What sectors or themes does TAXS focus on?
As of March 31, 2026, TAXS is primarily exposed to Municipal.
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