Northern Trust Tax-Exempt Bond ETF (TAXT)

The Northern Trust Tax-Exempt Bond ETF (TAXT) is an exchange-traded fund from Northern Trust Asset Management that invests in U.S. municipal bonds, seeking income that is generally exempt from regular federal income tax.

The portfolio holds debt issued by states, local governments and public authorities across a broad range of maturities and sectors, such as general obligation bonds and revenue bonds backed by utilities, transportation, education and health care projects. The manager focuses mainly on investment-grade credit quality.

The fund's objective is to deliver a high level of federally tax-exempt income consistent with the preservation of capital, offering diversified exposure to the national municipal market in an ETF wrapper.