TAXS — Northern Trust Short-Term Tax-Exempt Bond ETF
Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS)
TAXS pays a 2.60% distribution rate, monthly, on a 0.05% expense ratio. Its Distribution Safety Score™ is 97 (Safe), giving a Safety-Adjusted Yield of 2.52%. Distributions grew 55.4% over the past year. Total return is 2.5% over the past year, 20.2 points behind SPY at 22.7%. Its deepest 1-year drawdown was 0.8%.
Northern Trust Short-Term Tax-Exempt Bond ETF is an ETF that tracks the investment-grade segment of the U.S. municipal bond market, focusing on securities with maturities under five years and interest exempt from regular federal income tax. The fund carries a modest expense ratio of 0.05% and distributes monthly at a modest current distribution rate. It appeals to tax-conscious income investors seeking tax-advantaged fixed-income exposure with reduced interest rate risk from shorter maturities.
TAXS key facts
- Distribution Safety Score™
- 97 · Safe
- Safety-Adjusted Yield
- 2.52%
- Issuer
- Northern Trust
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 08/18/2025
- Expense ratio
- 0.05%
- Distribution rate
- 2.60%
- Distribution frequency
- Monthly
- Trailing yield
- 2.25%
- Last close
- $50.22
- AUM
- $131,414,363
- Average volume
- 203718.0
- Last dividend
- $0.1090
- Ex-dividend date
- 08/03/2026
- Payment date
- 08/07/2026
- Beta
- 0.0224
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