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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 884 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofMunicipal Bonds1M perf.-0.27%
Last price
$51.19
1M perf.
-0.49%
1M flows
+€37M
AuM
€103M
E/R
0.05%
Rating
Not rated
ESG Consensus®
TAXI
$51.19
Performance & flows
Segment for quartile rank
January 8, 2026 → April 8, 2026
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TAXI
$51.16
-0.01%
Municipal Bonds
+0.27%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.49%  | -0.01% | N/A | N/A | N/A | +0.72% | +0.72% | +0.50% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
665162210
ISIN
US6651622101
AuM
€103M
E/R
0.05%
Replication rating
Not rated
ESG Consensus®
More details
NAV
4/8/2026
$51.16
1D NAV change
+0.35%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
884
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 | -0.01% | 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
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
75.96%
Unavailable
24.04%
Sectors
Municipal
30.48%
Unavailable
69.52%
Diversification
Total weight of top 15 holdings out of 884
Top 15 holdings
Data as of February 28, 2026
US64966QWQ99
New York Municipal Water Finance Authority, FRN 15jun2050, USD
US13013JGF75
US84136JAL35
US74440DFC39
US13013JHM18
US64613CER51
US15569DAG79
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US09182TCQ85
US84136HBC60
US64971X2E75
US09182TFT97
US46246SAV79
Central Plains Energy Gas Project, 5% 1sep2034, USD (2017A)
US45528US858
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Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Northern Trust
Northern Trust ID Card
Number of funds
4
Total AuM
€903M
Expense ratio range
0.05% - 0.12%
Average expense ratio
0.0675%
Top 4 funds by Northern Trust
| AuM | ||
|---|---|---|
NOEQ | Northern Trust US Equity ETF | €677M |
TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | €103M |
TAXS | Northern Trust Short-Term Tax-Exempt Bond ETF | €73M |
TAXT | Northern Trust Tax-Exempt Bond ETF | €49M |
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 €103M in assets as of April 8, 2026.
How has TAXI performed lately?
Based on data from April 8, 2026, TAXI returned -0.49% over the past month, -0.01% over the last three months and 0.50% year-to-date.
What are the latest inflows or outflows for TAXI?
As of April 8, 2026, TAXI recorded net flows of +€37M over the last month and +€60M 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 February 28, 2026, TAXI has significant geographic allocations in USA.
In which sector or theme does TAXI invest in?
As of February 28, 2026, TAXI focuses largely on Municipal.
How many securities does TAXI hold and how diversified is it?
As of February 28, 2026, TAXI holds 884 positions in its portfolio, with 4.51% of assets concentrated in its top 15 holdings.
What are the main positions in TAXI?
As of February 28, 2026, TAXI top three holdings include US64966QWQ99, New York Municipal Water Finance Authority, FRN 15jun2050, USD and US13013JGF75.
What is the base currency of TAXI?
The base currency of TAXI is USD.
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