TAXT

Northern Trust Tax-Exempt Bond ETF

$51.36

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Northern Trust Tax-Exempt Bond ETF seeks to provide exposure to a diversified portfolio of municipal bonds, with the goal of generating income that is exempt from federal income taxes.

Overview

ETF tracking Northern Trust Tax-Exempt Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2025-08-19

Market Cap $15.4M

Average Volume N/A

Dividend Yield 0.71%

52-Week Range $50.03 - $51.64

VWAP $51.38

Performance

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Investment Summary

📎 Investment Objective

The Northern Trust Tax-Exempt Bond ETF seeks to provide exposure to a diversified portfolio of municipal bonds, with the goal of generating income that is exempt from federal income taxes.

🎯 Investment Strategy

The ETF tracks the Northern Trust Tax-Exempt Bond Index, which is composed of investment-grade municipal bonds issued by state and local governments. The fund aims to provide broad exposure to the municipal bond market while maintaining a focus on tax-efficient income generation.

✨ Key Features

Exposure to a diversified portfolio of municipal bonds
Seeks to generate income that is exempt from federal income taxes
Tracks the Northern Trust Tax-Exempt Bond Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk that the issuer of a municipal bond may default on its payments
Liquidity risk: The potential difficulty in buying or selling shares of the ETF in the secondary market
Tax risk: Changes in tax laws or regulations may affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

This ETF may be suitable for investors seeking tax-efficient income generation and exposure to the municipal bond market. It may be particularly appealing to investors in higher tax brackets who are looking to minimize their tax liability. However, investors should be aware of the risks associated with municipal bonds and be prepared to hold the investment for the long term.