Northern Trust Tax-Exempt Bond ETF (TAXT)

Overview

The Fund is designed to provide investment results that closely mirror the performance of the ICE All Maturity Focused Municipal Bond Index. This means that investors can expect returns that are generally aligned with the price and yield effects of this specific underlying index, before any fees and expenses are taken into account. It is an ideal option for those seeking tax-exempt income through a passively managed strategy that primarily focuses on investment-grade municipal bonds. By covering the full municipal curve, the Fund aims to offer comprehensive exposure to a wide range of municipal debt securities.

Products and Services

• Municipal Bond ETF

  This exchange-traded fund offers investors a tax-efficient way to access a diversified portfolio of investment-grade municipal bonds. As a passively managed fund, it seeks to replicate the performance of its benchmark index while minimizing fees and expenses, making it a cost-effective investment choice for those seeking stable, tax-exempt income.

• Index Tracking

  The Fund tracks the ICE All Maturity Focused Municipal Bond Index, which includes a broad selection of municipal bonds across various maturities. This tracking provides investors with exposure to the overall municipal bond market, allowing for a balanced and risk-managed investment strategy.

• Tax-Exempt Income

  Investors benefit from the tax-exempt status of municipal bond interest, making it an attractive option for those in higher tax brackets. The Fund primarily focuses on generating income free from federal income tax, thus enhancing the after-tax returns for investors.

• Passive Management

  By employing a passive management strategy, the Fund maintains a low-cost approach to investing. This means that rather than trying to outperform the market through active trading, the Fund aims to mirror the performance of its index, which can result in lower management fees and higher net returns for investors over time.