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TAXT ETF · Northern Trust Tax-Exempt Bond ETF
The TAXT Exchange Traded Fund (ETF) is provided by Northern Trust. It is built to track an index: ICE All Maturity Focused Municipal Bond Index. The TAXT ETF provides physical exposure, so by buying it you actually own parts of all the 952 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofMunicipal Bonds1M perf.-0.88%
Last price
$51.14
1M perf.
-0.88%
1M flows
N/A
AuM
€49M
TER
0.05%
Rating
Not rated
ESG Consensus®
TAXT
$51.14
Performance & flows
Segment for quartile rank
February 20, 2026 → May 20, 2026
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TAXT
$51.04
-1.24%
Municipal Bonds
-1.32%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.88%  | -1.24%  | N/A | N/A | N/A | -0.64% | +0.32% | +0.37% | |
| 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
665162194
ISIN
US6651621947
AuM
€49M
TER
0.05%
Replication rating
Not rated
ESG Consensus®
More details
NAV
5/20/2026
$51.04
1D NAV change
+0.12%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
952
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
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 All Maturity 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 | -1.24% | 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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Exposure
Countries
USA
83.08%
Unavailable
16.92%
Sectors
Municipal
27.00%
Unavailable
73.00%
Diversification
Total weight of top 15 holdings out of 952
Top 15 holdings
Data as of March 31, 2026
US4072722B80
US64972GC857
US64966QWQ99
University of California, 5% 15may2052, USD (2022)
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
US650028B363
US79771FLJ48
US13077DUQ32
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US84136HCT86
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
US64966SUA22
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
West Virginia, 5% 1jun2037, USD
US837545SW33
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Sustainability
Integrates ESG criteria
No
SDG
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Issuer
Northern Trust
Northern Trust ID Card
Number of funds
4
Total AuM
€984M
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 | €740M |
TAXS | Northern Trust Short-Term Tax-Exempt Bond ETF | €116M |
TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | €79M |
TAXT | Northern Trust Tax-Exempt Bond ETF | €49M |
Frequently asked questions about TAXT
What does Northern Trust Tax-Exempt Bond ETF, TAXT, invest in?
TAXT is a Passive ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.
Which benchmark or index does TAXT replicate?
TAXT tracks the ICE All Maturity Focused Municipal Bond Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of TAXT?
TAXT carries a total expense ratio (TER) of 0.05%, indicating the annual cost for holding the fund.
When was TAXT launched?
TAXT was introduced to the market on August 19, 2025. It trades on United States
Who is the ETF issuer of TAXT?
Northern Trust Tax-Exempt Bond ETF, TAXT, is provided by Northern Trust. Learn more about Northern Trust here.
What is the current assets under management (AUM) of TAXT?
TAXT oversees €49M in assets as of May 20, 2026.
How has TAXT performed lately?
Based on data from May 20, 2026, TAXT returned -0.88% over the past month, -1.24% over the last three months and 0.37% year-to-date.
What are the latest inflows or outflows for TAXT?
As of May 20, 2026, TAXT recorded net flows of +€28M year-to-date.
Does TAXT distribute dividends?
TAXT follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of TAXT?
As of March 31, 2026, TAXT has significant geographic allocations in USA.
In which sector or theme does TAXT invest in?
As of March 31, 2026, TAXT focuses largely on Municipal.
How many securities does TAXT hold and how diversified is it?
As of March 31, 2026, TAXT holds 952 positions in its portfolio, with 7.85% of assets concentrated in its top 15 holdings.
What are the main positions in TAXT?
As of March 31, 2026, TAXT top three holdings include US4072722B80, US64972GC857 and US64966QWQ99.
What is the base currency of TAXT?
The base currency of TAXT is USD.
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