# Northern Trust Tax-Exempt Bond ETF (TAXT): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/taxt 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 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. ## Key Facts | Metric | Value | |---|---| | Price | $50.83 | | Expense Ratio | 0.05% | | Assets Under Management | $195.9M | | NAV | $50.74 | | Holdings Count | 3276 | | Distribution Yield (TTM) | 3.24% | | Annual Distribution (TTM) | $1.65 /share | | Distribution Frequency | Monthly | | 52-Week Range | $48.52 – $52.37 | | Beta | 0.15 | ## Latest Distribution - Amount: $0.1117 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-07 ## Frequently Asked Questions ### What does TAXT invest in? 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. ### What is the expense ratio of TAXT? Northern Trust Tax-Exempt Bond ETF (TAXT) charges an expense ratio of 0.05%. This is the annual fee deducted from fund assets to cover management and operations. ### What is TAXT's dividend yield? TAXT's trailing-twelve-month yield is 3.24%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of TAXT? Effective duration measures TAXT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TAXT's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of TAXT? TAXT'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 TAXT? Yield to maturity (YTM) is the total return you'd earn from TAXT if every bond in the portfolio is held to maturity at the current price. TAXT'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 TAXT pay a dividend? Yes, Northern Trust Tax-Exempt Bond ETF (TAXT) distributes dividends to shareholders. The trailing-twelve-month yield is 3.24%. Full dividend history is on this page. ### How often does TAXT pay dividends? Northern Trust 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 TAXT's next ex-dividend date? The most recently announced ex-dividend date for TAXT 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 TAXT'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 TAXT charge its expense ratio? The expense ratio is deducted in tiny daily slices from TAXT'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 TAXT cost more than a fund like VOO? TAXT 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 TAXT? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TAXT (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/taxt - Distribution history: https://www.dividenddata.com/funds/taxt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/taxt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/taxt/expenses - Peer comparison: https://www.dividenddata.com/funds/taxt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.