Northern Trust New York Intermediate Tax-Exempt Bond ETF (TXNY)

The Northern Trust New York 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 New York state, New York City and other local governments and authorities in the state, whose interest is generally exempt from federal income tax and New York state and city income taxes. It is managed to an intermediate maturity and duration profile and emphasizes investment-grade credit.

The fund is designed for investors, particularly New York residents, who want tax-advantaged income from a diversified portfolio of in-state municipal securities.