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

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빠른 답변

Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) has a last stored price of $50.04, as of the Oct 23, 2026 trading session. It has a 0.05% expense ratio and $79M in assets under management.

Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) ETF — Price, Holdings & Analysis

ETF 개요

TAXS aims to mirror the performance of the ICE Short-term Focused Municipal Bond Index, focusing on investment-grade municipal bonds with maturities ranging from 1 to 5 years. This strategy makes it suitable for investors seeking tax-exempt income with lower interest rate sensitivity due to the short-term nature of the holdings. The fund's portfolio comprises 990 holdings, providing diversification within the short-term municipal bond market. By focusing on short-term maturities, TAXS seeks to minimize the impact of interest rate fluctuations on the portfolio's value. The ETF is designed for investors who prioritize capital preservation and tax efficiency over higher yields typically associated with longer-term bonds. Its passive management approach ensures that the fund's performance closely tracks the underlying index, offering transparency and predictability. TAXS is particularly appealing to investors in high tax brackets seeking to reduce their tax burden through municipal bond investments.

위험 지표

TAXS, with $0.08 billion in AUM, faces some risks inherent to fixed-income investing. While the fund's focus on investment-grade municipal bonds mitigates credit risk, it is still subject to interest rate risk, although the short-term maturities of its holdings help to reduce this risk. The fund's beta of 0.00 indicates very low volatility relative to the broader market. The expense ratio of 0.05% can create a slight drag on performance, but it is relatively low. Concentration risk is moderate, given the fund's 990 holdings, which provides reasonable diversification. Investors should be aware that changes in tax laws could impact the attractiveness of municipal bonds. Past performance does not guarantee future results.

베타: 0.00

운용보수율

0.05%

배당수익률

0.00%

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질문 및 답변

What is TAXS and what does it track?

The Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) is a fund managed by FlexShares that aims to replicate the performance of the ICE Short-term Focused Municipal Bond Index.

This index comprises investment-grade municipal bonds with short-term maturities, specifically those between 1 and 5 years.

What is the expense ratio for TAXS?

The expense ratio for TAXS is 0.05%. This means that for every $10,000 invested in the fund, investors will pay $5 in annual expenses.

This expense ratio is relatively low compared to the average expense ratio for similar fixed-income ETFs, which is approximately 0.44%. The low expense ratio makes TAXS a cost-effective option for investors seeking exposure to short-term municipal bonds.

Is TAXS a good long-term investment?

Whether TAXS is a suitable long-term investment depends on an investor's individual financial goals and risk tolerance. TAXS focuses on short-term municipal bonds, which offer lower yields but also lower interest rate risk compared to longer-term bonds.

The fund's low expense ratio of 0.05% is a positive factor for long-term investors.

How does TAXS compare to similar ETFs?

TAXS distinguishes itself from similar ETFs through its focus on short-term, tax-exempt municipal bonds and its low expense ratio of 0.05%. Many competing ETFs may have higher expense ratios, potentially impacting long-term returns.

While some ETFs may focus on broader municipal bond markets or have different maturity ranges, TAXS specifically targets the short-term segment.

Does TAXS pay dividends?

As of 2026-03-15, TAXS has a dividend yield of 0.00%. While the fund invests in municipal bonds that generate income, the current yield reflects the prevailing interest rate environment and the fund's focus on short-term maturities.

The income generated from the municipal bonds is distributed to shareholders, but the amount may vary over time depending on market conditions.

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