TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) is a recent IPO.
It began trading on August 19, 2025, giving it less than a year of public history. Many charts and metrics below are sparse or empty until more price, financial, and analyst history accumulates — the affected sections are flagged individually so you can tell limited history from missing data.

See exactly how TAXS's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for TAXS and 80,000+ other tickers.
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.

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.