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TAXI ETF — Northern Trust Intermediate Tax-Exempt Bond ETF
Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI)
Updated October 16, 2026.
Verdict as of October 16, 2026
TAXI's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (95/100, high confidence). It pays monthly and its distribution rate is 2.67%. The latest total cash payment per current share, $0.111 with an ex-date of October 1, 2026, was 15.3% lower than the previous $0.131. These payments are unclassified; this does not establish a base-dividend change.
Sources: Northern Trust, Section 19a-1 notices, scoring methodology.
TAXI is a low-cost ETF. its distribution rate is 2.67%, its trailing-12-month yield is 2.66%, its expense ratio is 0.05%. Dividend Vision Distribution Safety Score™ is 95/100 (Safe). Total return is 2.6% over the past 1.2 years, 18.3 points behind SPY at 20.9%.
Northern Trust Intermediate Tax-Exempt Bond ETF tracks the investment-grade segment of the U.S. municipal bond market, focusing on securities with maturities under 15 years, with at least 80% of assets invested in federally tax-exempt debt instruments. The fund offers a modest current distribution rate paid monthly and carries a very low expense ratio of 0.05%. It appeals to income-focused investors seeking tax-efficient fixed-income exposure through tax-exempt municipal bonds.
TAXI dividend yield and income
Price as of 2026-10-16.
The distribution rate (2.67%) uses calculation basis unavailable. Trailing-12-month yield (2.66%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.111. The ex-dividend date is 10/01/2026. The payment date is 10/07/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-01 | $0.111 | -15.3% Unclassified cash |
| 2026-09-01 | $0.131 | 3.1% Unclassified cash |
| 2026-08-03 | $0.127 | 11.4% Unclassified cash |
| 2026-07-01 | $0.114 | -5.8% Unclassified cash |
| 2026-06-01 | $0.121 | 5.2% Unclassified cash |
| 2026-05-01 | $0.115 | 18.6% Unclassified cash |
| 2026-04-01 | $0.097 | -8.5% Unclassified cash |
| 2026-03-02 | $0.106 | -29.8% Unclassified cash |
| 2026-02-02 | $0.151 | N/A |
| 2025-12-19 | $0.058 | -12.1% Unclassified cash |
| 2025-12-01 | $0.066 | -49.6% Unclassified cash |
| 2025-11-03 | $0.131 | 3.1% Unclassified cash |
| 2025-10-01 | $0.127 | 139.6% Unclassified cash |
| 2025-09-02 | $0.053 | — |
| 2025 total (partial launch year) | $0.435 | — |
| 2026 YTD total | $1.073 | — |
TAXI holdings and sector exposure
Holdings are not available for this snapshot.
TAXI performance versus SPY
Price and return data through 2026-10-16.
Total return is 2.6% over the past 1.2 years, 18.3 points behind SPY at 20.9%. Its deepest 1-year drawdown was 4.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.5% | — |
| 3M | -1.5% | — |
| 6M | -1.2% | — |
| YTD | -0.7% | — |
| 1Y | 0.5% | — |
| Since inception (1.2 years) | 2.6% | 2.20% |
TAXI key facts
- Distribution Safety Score™
- 95 · Safe
- Safety-Adjusted Yield
- 2.54%
- Issuer
- Northern Trust
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 08/18/2025
- Expense ratio
- 0.05%
- Distribution rate
- 2.67%
- Distribution frequency
- Monthly
- Trailing yield
- 2.66%
- Last close
- $49.91 (as of 2026-10-16)
- AUM
- $250,653,435
- Average volume
- 57730.0
- Dividend
- $0.111
- Ex-dividend date
- 10/01/2026
- Payment date
- 10/07/2026
- Beta
- 0.0452
How Dividend Vision calculates yield and returns
Distribution rate (2.67%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.66%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Northern Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
TAXI risks and drawbacks
TAXI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.7%.
Who may consider TAXI — and who may not
TAXI may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on TAXI
Frequently asked questions
Does TAXI pay monthly?
Yes. TAXI currently pays monthly.
What is TAXI's expense ratio?
TAXI's expense ratio is 0.05%.
What is TAXI's dividend yield?
TAXI's distribution rate is 2.67%, paid monthly, with a 0.05% expense ratio — calculation basis unavailable.
When does TAXI pay a dividend?
TAXI pays monthly. The dividend amount is $0.111. The ex-dividend date is 10/01/2026. The payment date is 10/07/2026.
How has TAXI performed?
Total return is 2.6% over the past 1.2 years, 18.3 points behind SPY at 20.9%. Its deepest 1-year drawdown was 4.7%.
Is TAXI a good investment?
TAXI's Dividend Vision Distribution Safety Score is 95 (Safe). That is a risk signal, not investment advice. Its distribution rate is 2.67% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Northern Trust.
Tickers
Holdings as-of date unavailable.
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