# Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/taxi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FlexShares · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2025-08-18 This fund aims to replicate the overall returns, both in price appreciation and income generation, of the ICE Intermediate Term Focused Municipal Bond Index, prior to factoring in its operational costs. It serves as an ideal choice for individuals seeking income that is exempt from federal taxes, sourced from a highly-rated, index-tracking municipal bond exchange-traded fund holding securities with medium-range maturities, typically between one and fifteen years. ## Key Facts | Metric | Value | |---|---| | Price | $50.56 | | Expense Ratio | 0.05% | | Assets Under Management | $326.6M | | NAV | $50.56 | | Holdings Count | 4466 | | Distribution Yield (TTM) | 2.63% | | Annual Distribution (TTM) | $1.33 /share | | Distribution Frequency | Monthly | | 52-Week Range | $48.76 – $52.18 | | Beta | 0.14 | ## Latest Distribution - Amount: $0.1110 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-07 ## Frequently Asked Questions ### What does TAXI invest in? This fund aims to replicate the overall returns, both in price appreciation and income generation, of the ICE Intermediate Term Focused Municipal Bond Index, prior to factoring in its operational costs. It serves as an ideal choice for individuals seeking income that is exempt from federal taxes, sourced from a highly-rated, index-tracking municipal bond exchange-traded fund holding securities with medium-range maturities, typically between one and fifteen years. ### What is the expense ratio of TAXI? Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations. ### What is TAXI's dividend yield? TAXI's trailing-twelve-month yield is 2.63%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of TAXI? Effective duration measures TAXI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TAXI's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of TAXI? TAXI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of TAXI? Yield to maturity (YTM) is the total return you'd earn from TAXI if every bond in the portfolio is held to maturity at the current price. TAXI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does TAXI pay a dividend? Yes, Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) distributes dividends to shareholders. The trailing-twelve-month yield is 2.63%. Full dividend history is on this page. ### How often does TAXI pay dividends? Northern Trust Intermediate Tax-Exempt Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is TAXI's next ex-dividend date? The most recently announced ex-dividend date for TAXI was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will TAXI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TAXI charge its expense ratio? The expense ratio is deducted in tiny daily slices from TAXI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TAXI cost more than a fund like VOO? TAXI is a passive index fund (current expense ratio 0.05%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to TAXI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TAXI (0.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/taxi - Distribution history: https://www.dividenddata.com/funds/taxi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/taxi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/taxi/expenses - Peer comparison: https://www.dividenddata.com/funds/taxi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.