Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA)

The Northern Trust California Intermediate Tax-Exempt Bond ETF is an actively managed fixed-income fund from Northern Trust Asset Management, part of the Chicago-based Northern Trust Corporation.

The fund invests primarily in municipal bonds issued by California state and local governments and related entities, whose interest is generally exempt from federal income tax and California state income tax. The portfolio is managed to an intermediate maturity and duration profile, balancing income with moderate sensitivity to interest-rate changes, and focuses on investment-grade credit.

The fund is designed for investors, particularly California residents, seeking tax-advantaged income from a diversified portfolio of in-state municipal securities.