Northern Trust Short-Term Tax-Exempt Bond ETF

Frequently Asked Questions About TAXS

What does TAXS invest in?

The Fund aims to replicate the overall price and yield performance of the ICE Short-term Focused Municipal Bond Index, before any deductions for management fees and operational expenses. This ETF is designed for investors seeking tax-free income through a passively managed fund that invests in high-quality municipal bonds with short-duration maturities, typically ranging from one to five years.

What is the expense ratio of TAXS?

Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations.

What is TAXS's dividend yield?

TAXS's trailing-twelve-month yield is 2.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TAXS?

Effective duration measures TAXS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TAXS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TAXS?

TAXS'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 TAXS?

Yield to maturity (YTM) is the total return you'd earn from TAXS if every bond in the portfolio is held to maturity at the current price. TAXS'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.