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TAXI ETF · Northern Trust Intermediate Tax-Exempt Bond ETF
The TAXI Exchange Traded Fund (ETF) is provided by Northern Trust. It is built to track an index: ICE Intermediate Term Focused Municipal Bond Index. The TAXI ETF provides physical exposure, so by buying it you actually own parts of all the 761 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 7:59 PM UTC
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CLOSED
This fund is part ofMunicipal Bonds1M perf.-0.65%
Last price
$51.38
+0.14%
1M perf.
-0.86%
1M flows
+€12M
AuM
€70M
E/R
0.05%
Rating
Not rated
ESG Consensus®
TAXI
$51.38
+0.14%
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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TAXI
$51.29
+0.89%
Municipal Bonds
+0.90%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.86%  | +0.89% | N/A | N/A | N/A | -1.14% | +0.56% | +0.56%  | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
665162210
ISIN
US6651622101
AuM
€70M
E/R
0.05%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/13/2026
$51.29
1D NAV change
+0.06%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
761
Inception date
8/19/2025
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
ICE Intermediate Term Focused Municipal Bond Index
Asset class
Factors
N/A
Investment strategy
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE Intermediate Term Focused Municipal Bond Index (the "Underlying Index").
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.89% | N/A | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
73.81%
Unavailable
26.19%
Sectors
Municipal
30.50%
Unavailable
69.50%
Diversification
Total weight of top 15 holdings out of 761
Top 15 holdings
Data as of January 31, 2026
US13013JGF75
US84136JAL35
US74440DFC39
US09182TCQ85
US64971X2E75
US84136HBC60
US46246SAV79
US64613CER51
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US09182TFT97
US13013JFD37
US56035DJJ28
Maryland, 5% 1mar2035, USD (2021)
Crown Point Multi-School Building Corp., 5% 15jul2034, USD
US717883WC27
US39081JHA97
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Northern Trust
Northern Trust ID Card
Number of funds
3
Total AuM
€175M
Expense ratio range
0.05% - 0.05%
Average expense ratio
0.05%
Top 3 funds by Northern Trust
| AuM | ||
|---|---|---|
TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | €70M |
TAXS | Northern Trust Short-Term Tax-Exempt Bond ETF | €68M |
TAXT | Northern Trust Tax-Exempt Bond ETF | €37M |
Frequently asked questions about TAXI
What does Northern Trust Intermediate Tax-Exempt Bond ETF, TAXI, invest in?
TAXI is a Passive ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.
Which benchmark or index does TAXI replicate?
TAXI tracks the ICE Intermediate Term Focused Municipal Bond Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of TAXI?
TAXI carries a total expense ratio (TER) of 0.05%, indicating the annual cost for holding the fund.
When was TAXI launched?
TAXI was introduced to the market on August 19, 2025. It trades on United States
Who is the ETF issuer of TAXI?
Northern Trust Intermediate Tax-Exempt Bond ETF, TAXI, is provided by Northern Trust. Learn more about Northern Trust here.
What is the current assets under management (AUM) of TAXI?
TAXI oversees €70M in assets as of March 13, 2026.
How has TAXI performed lately?
Based on data from March 13, 2026, TAXI returned -0.86% over the past month, 0.89% over the last three months and 0.56% year-to-date.
What are the latest inflows or outflows for TAXI?
As of March 13, 2026, TAXI recorded net flows of +€12M over the last month and +€26M year-to-date.
Does TAXI distribute dividends?
TAXI follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of TAXI?
As of January 31, 2026, TAXI has significant geographic allocations in USA.
In which sector or theme does TAXI invest in?
As of January 31, 2026, TAXI focuses largely on Municipal.
How many securities does TAXI hold and how diversified is it?
As of January 31, 2026, TAXI holds 761 positions in its portfolio, with 4.11% of assets concentrated in its top 15 holdings.
What are the main positions in TAXI?
As of January 31, 2026, TAXI top three holdings include US13013JGF75, US84136JAL35 and US74440DFC39.
What is the base currency of TAXI?
The base currency of TAXI is USD.
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