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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 628 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
$51.60
1M perf.
-0.24%
1M flows
+€13M
AuM
€49M
E/R
0.05%
Rating
Not rated
ESG Consensus®
TAXT
$51.60
Performance & flows
Segment for quartile rank
January 8, 2026 → April 8, 2026
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TAXT
$51.46
+0.38%
Municipal Bonds
+0.27%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.24%  | +0.38% | N/A | N/A | N/A | +0.85% | +0.85% | +0.90% | |
| 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
E/R
0.05%
Replication rating
Not rated
ESG Consensus®
More details
NAV
4/8/2026
$51.46
1D NAV change
+0.43%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
628
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 All Maturity 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 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 | +0.38% | 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
81.06%
Unavailable
18.94%
Sectors
Municipal
27.96%
Unavailable
72.05%
Diversification
Total weight of top 15 holdings out of 628
Top 15 holdings
Data as of February 28, 2026
New York Municipal Water Finance Authority, FRN 15jun2050, USD
US64966QWQ99
University of California, 5% 15may2052, USD (2022)
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
US650028B363
US79771FLJ48
US13077DUQ32
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
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Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
West Virginia, 5% 1jun2037, USD
US837545SW33
US167510AW69
US64966SCM61
US343137A540
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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 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 April 8, 2026.
How has TAXT performed lately?
Based on data from April 8, 2026, TAXT returned -0.24% over the past month, 0.38% over the last three months and 0.90% year-to-date.
What are the latest inflows or outflows for TAXT?
As of April 8, 2026, TAXT recorded net flows of +€13M over the last month and +€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 February 28, 2026, TAXT has significant geographic allocations in USA.
In which sector or theme does TAXT invest in?
As of February 28, 2026, TAXT focuses largely on Municipal.
How many securities does TAXT hold and how diversified is it?
As of February 28, 2026, TAXT holds 628 positions in its portfolio, with 7.48% of assets concentrated in its top 15 holdings.
What are the main positions in TAXT?
As of February 28, 2026, TAXT top three holdings include New York Municipal Water Finance Authority, FRN 15jun2050, USD, US64966QWQ99 and University of California, 5% 15may2052, USD (2022).
What is the base currency of TAXT?
The base currency of TAXT is USD.
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