TAXS Northern Trust Short-Term Tax-Exempt Bond ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 49.32 | Day Range | 49.42 – 49.51 |
| 52-Week Range | 49.15 – 50.74 | Volume | 30.08K |
| Avg Volume | 24.28K | AUM | $157.7M (Oct 10, 2026) |
| Expense Ratio | 0.05% | Yield (TTM) | 2.42% |
| NAV | 49.27 | Premium/Discount | +0.49% indicative |
| Inception | Aug 18, 2025 | Holdings | 2094 |
| Issuer | FlexShares | Exchange | NASDAQ |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 665162228 | ISIN | US6651622283 |
| Structure | Inverse | ||
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
The Fund aims to replicate the overall price and yield performance of the ICE Short-term Focused Municipal Bond Index, before any deductions for management fees and operational expenses. This ETF is designed for investors seeking tax-free income through a passively managed fund that invests in high-quality municipal bonds with short-duration maturities, typically ranging from one to five years.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.86% | -1.55% | -1.71% | -1.67% | -1.22% | — | — | — | -1.22% |
| Total return | -0.86% | -1.34% | -0.86% | -0.18% | +0.73% | — | — | — | +1.02% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.05% | Annual cost of a $10,000 investment | $5.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 2130 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | CASH | — | 1.36% | 2.23M | $2.2M |
| 2 | INDIANA ST FIN AUTH WASTEWATER UTIL REV FIRST… | — | 0.19% | 300.00K | $315.7K |
| 3 | CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV… | — | 0.19% | 300.00K | $304.4K |
| 4 | DUVAL CNTY FLA SCH BRD CTFS PARTN COPS 2022 A | — | 0.18% | 285.00K | $298.4K |
| 5 | SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA… | — | 0.18% | 280.00K | $288.8K |
| 6 | DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL… | — | 0.18% | 280.00K | $288.6K |
| 7 | WASHINGTON D C MET AREA TRAN AUTH GROSS REV REV | — | 0.18% | 285.00K | $288.1K |
| 8 | BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV BDS | — | 0.17% | 275.00K | $278.5K |
| 9 | OHIO ST WTR DEV AUTH POLLUTION CTL FACS REV FD… | — | 0.17% | 265.00K | $274.1K |
| 10 | OHIO ST MAJOR NEW ST INFRASTRUCTURE PROJ REV BDS | — | 0.16% | 250.00K | $263.8K |
| 11 | KENTUCKY ST PPTY & BLDGS COMMN REVS REV BDS | — | 0.16% | 260.00K | $261.7K |
| 12 | MINNESOTA ST GEN FD REV APPROPRIATION REF BDS | — | 0.16% | 260.00K | $261.6K |
| 13 | GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV SR | — | 0.16% | 255.00K | $257.9K |
| 14 | IDAHO ST BLDG AUTH SALES TAX REV ED BDS 2024 A | — | 0.16% | 255.00K | $257.8K |
| 15 | ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV | — | 0.16% | 250.00K | $257.7K |
| 16 | SOUTHEASTERN PA TRANSN AUTH REV BDS 2022 | — | 0.16% | 255.00K | $257.3K |
| 17 | SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY… | — | 0.16% | 250.00K | $256.9K |
| 18 | LAMAR TEX CONS INDPT SCH DIST UNLTD TAX REF BDS | — | 0.16% | 250.00K | $255.4K |
| 19 | OHIO ST WTR DEV AUTH REV DRINKING WTR ASSISTANCE | — | 0.16% | 245.00K | $254.8K |
| 20 | OHIO ST GO HWY CAP IMPT BDS V 12/DEC/2018 | — | 0.15% | 245.00K | $250.4K |
| 21 | SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA… | — | 0.15% | 250.00K | $248.0K |
| 22 | NEW HAMPSHIRE HEALTH & ED FACS AUTH REV BDS… | — | 0.15% | 235.00K | $247.4K |
| 23 | PENNSYLVANIA ST TPK COMMN TPK REV SUB BDS B-2 | — | 0.15% | 245.00K | $247.3K |
| 24 | SCAGO EDL FACS CORP FOR PICKENS SCH DIST S C | — | 0.15% | 235.00K | $244.7K |
| 25 | PHILADELPHIA PA AUTH FOR INDL DEV LEASE REV REF | — | 0.15% | 235.00K | $244.5K |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.42% | Paid (last 12 months) | $1.1959 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.1060 (Oct 07, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 07, 2026 | $0.1056 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 08, 2026 | $0.1040 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 07, 2026 | $0.1092 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 08, 2026 | $0.1028 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 05, 2026 | $0.1070 |
| May 01, 2026 | May 01, 2026 | May 07, 2026 | $0.1079 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.1040 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 06, 2026 | $0.0990 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 06, 2026 | $0.1250 |
| Dec 19, 2025 | Dec 19, 2025 | Dec 26, 2025 | $0.1120 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 05, 2025 | $0.0150 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 07, 2025 | $0.1040 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 1.34% / — | Sharpe 1Y / 3Y | -2.46 / — |
| Max drawdown 1Y / 3Y | -2.19% / — | Sortino 1Y | -3.33 |
| Beta vs S&P 500 (3Y) | 0.03 | Correlation vs S&P 500 (1Y) | 0.239 |
| Downside deviation 1Y | 0.99% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 30.08K | Average volume | 24.28K |
| AUM | $157.7M | Premium/Discount | +0.49% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $40.0K | +0.03% | $157.6M → $157.7M |
| 1 Month | $13.5M | +9.35% | $144.9M → $157.7M |
| 1 Week | $4.2M | +2.75% | $152.9M → $157.7M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for TAXS
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.