Northern TrustMuni National ShortTAXS · Nasdaq

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

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Price: $50.20; —30 Oct 2026
Assets: $152.8M; Total net assets
Expense ratio: 0.05%; Category 0.54%
Yield: 2.42%; Trailing distributions

1Y return: 2.7%+0.3%; Category 2.3%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category 1.9%

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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	+2.1%	+0.8%	+1.1%	+1.6%	+2.7%	—	—	—	+2.4%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	+0.6%	+0.3%	+0.2%	0.0%	+0.3%	—	—	—	+0.1%

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

Bonds96.0%
Cash4.0%

ETF details

Issuer: Northern Trust
Category: Fixed Income · Muni National Short
Ticker: TAXS
Exchange: Nasdaq
Inception: 18 Aug 2025 (1.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.05% (category 0.54%)
Holdings turnover: 21% (category 59%)
Distribution yield: 2.42%
Beta, 3 years: 0.00
Total net assets: $152.8M
Average duration: 4.97 years
Average maturity: 10.26 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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