Northern TrustMuni National ShortTAXS · Nasdaq

Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS)

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Price: $49.82; —11 Sept 2026
Assets: $145.5M; Total net assets
Expense ratio: 0.05%; Category 0.54%
Yield: 2.25%; Trailing distributions

1Y return: 1.2%-0.2%; Category 1.4%
3Y CAGR: —; Category 3.1%
5Y CAGR: —; Category 1.7%

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Northern Trust Short-Term Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.6%	-0.4%	-0.1%	+0.6%	+1.2%	—	—	—	+1.8%
Muni National Short average	-0.4%	-0.1%	0.2%	1.0%	1.4%	3.1%	1.7%	1.5%	2.3%
Difference	-0.2%	-0.3%	-0.3%	-0.3%	-0.2%	—	—	—	-0.5%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA24.8%
AA55.4%
A19.2%
BBB0.4%
Other0.3%

Asset mix

Bonds96.4%
Cash3.6%

ETF details

Issuer: Northern Trust
Category: Fixed Income · Muni National Short
Ticker: TAXS
Exchange: Nasdaq
Inception: 18 Aug 2025 (1.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.05% (category 0.54%)
Holdings turnover: 21% (category 59%)
Distribution yield: 2.25%
Beta, 3 years: 0.00
Total net assets: $145.5M
Average duration: 4.95 years
Average maturity: 10.46 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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