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This passively managed ETF is designed for investors seeking tax-exempt income from investment-grade municipal bonds. Its primary goal is to closely track the price and yield performance, before fees and expenses, of the ICE All Maturity Focused Municipal Bond Index. The fund offers broad market exposure by including municipal bonds across the full range of maturities.
Is TAXT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
In this higher-for-longer rate regime, municipal bonds have emerged as a prime go-to option. Elevated interest rates have investors scrambling for yield, and munis have been ready to answer the call with tax-exempt income.
Municipal bonds have emerged as one of the standout performers in the high-grade fixed income market, validating expectations that tax-exempt securities were well positioned to regain lost ground from 2025. High-net-worth investors and institutional managers continue to allocate heavily to muni bond ETFs to lock in attractive tax-equivalent yields.
Passive, active, Treasuries, corporates, munis, international, and more — the whole spectrum of fixed income ETFs seemed to come off a strong year in 2025. The year was also marked by a bevy of launches.
In conjunction with Nasdaq, TMX VettaFi head of research Todd Rosenbluth co-hosted an Asset Allocation Summit webinar session focusing on the ever-evolving space of fixed income. With fixed income ETFs crossing $325 billion in inflows as of mid-October, there's an obvious interest from investors.