TAXI

Northern Trust Intermediate Tax-Exempt Bond ETF

$50.98

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Northern Trust Intermediate Tax-Exempt Bond ETF seeks to provide current income exempt from regular federal income tax by investing in a diversified portfolio of municipal bonds.

Overview

ETF tracking Northern Trust Intermediate Tax-Exempt Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2025-08-19

Market Cap $10.2M

Average Volume N/A

Dividend Yield 0.61%

52-Week Range $50.08 - $51.09

VWAP $50.98

Performance

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Investment Summary

📎 Investment Objective

The Northern Trust Intermediate Tax-Exempt Bond ETF seeks to provide current income exempt from regular federal income tax by investing in a diversified portfolio of municipal bonds.

🎯 Investment Strategy

The ETF tracks the Bloomberg Barclays Intermediate U.S. Municipal Index, which includes investment-grade municipal bonds with maturities between 1 and 17 years. The fund aims to provide tax-exempt income while maintaining a relatively short duration to mitigate interest rate risk.

✨ Key Features

Invests in a diversified portfolio of investment-grade municipal bonds
Focuses on intermediate-term bonds with maturities between 1 and 17 years
Seeks to provide current income exempt from regular federal income tax
Passively managed to track the Bloomberg Barclays Intermediate U.S. Municipal Index

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: Municipal bonds may have lower liquidity compared to other fixed income securities
Tax risk: Changes in tax laws or regulations could affect the tax-exempt status of the municipal bonds

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and relatively low-risk exposure to the municipal bond market, with a medium-term investment horizon. It may be particularly appealing to investors in higher tax brackets who are looking to minimize their tax liability.