Northern Trust Intermediate Tax-Exempt Bond ETFTAXI

FlexSharesBonds & CashMunicipal#268 of 785 by YTD

$50.75

+0.1% last session

+1.1% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOTAXIS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+3.2%	+0.9%	+1.1%	+2.2%	—	—	+4.6%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $338M
Expense ratio: 0.05%
Distribution yield: 2.6%
NAV: $50.65
Volume: 99K
Avg. volume 30D: 136K
High today: $50.76
Low today: $50.71
Previous close: $50.70
52-week high: $52.18
52-week low: $48.76
Our risk indicator: 2/5

TAXI in One Breath

TAXI Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#31TAXIFlexShares+1.1%$338M

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in TAXI

$10,000 in TAXI became

$10,462

In the S&P 500 (VOO)

$11,994

Total return, dividends in · Aug 20, 2025 – Nov 3, 2026 · S&P 500 uses VOO

TAXI’s Top Holdings

Today

CASHCash1.5%SOUTHEAST EN0.3%CALIFORNIA C0.3%BLACK BELT E0.3%MERRILLVILLE0.2%ENERGY SOUTH0.2%DALLAS TEX I0.2%KENTUCKY INC0.2%SOUTHEAST AL0.2%LAKELAND FLA0.2%NEW YORK N Y0.2%MIAMI-DADE C0.2%NEW YORK N Y0.1%SARASOTA CNT0.1%BLACK BELT E0.1%HURON VALLEY0.1%TEXAS TRANSN0.1%CLARK CNTY N0.1%SOUTHEAST EN0.1%CENTRAL FLA 0.1%CONNECTICUT 0.1%SAN ANTONIO

FlexShares TAXI · 4,763 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What TAXI Holds

Today

All holdings100.0%

CASH 1.5 · SOUTHEAST · CALIFORNIA · BLACK BELT · MERRILLVIL · ENERGY SOU · DALLAS TEX

FlexShares TAXI · share of the fund · as of Nov 3, 2026

Cash’s Share of TAXI

Today

1.5%

$15 of every $1,000 in TAXI is Cash

Cash held by TAXI

$4.9M

Most Cash per dollar

MNA4.5%

MMCA1.5%

CPLB0.2%

MMIN0.1%

FlexShares TAXI · each square = $10 of $1,000 · as of Nov 3, 2026

TAXI’s Share of Municipal ETFs

Today

0.1%

of the $244B in 166 Municipal ETFs

TAXI$338M0.1%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$139B57.2%

Municipal ETF AUM · Nov 4, 2026

TAXI Fee per $100 vs Peers

Today

$0.05a year
per $100

$5 a year on $10,000

VTEB$0.03

TAXI$0.05

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside TAXI

4,763 holdings · as of Nov 3, 2026

TAXI

Northern Trust Intermediate Tax-Exempt Bond ETF

Today

All holdings100.0%4,762 more holdings98.5% of the fund

#	Ticker	Company	Weight ▼
1	CASH	CASH	1.46%
2	—	Southeast Energy Auth Coop Dist ALA Energy Supply	0.27%
3	—	California Cmnty Choice Fing Auth Clean Energy	0.26%
4	—	Black Belt Energy GAS Dist ALA GAS Proj REV BDS	0.25%
5	—	Merrillville IND Multi SCH Bldg AD Valorem	0.19%
6	—	Energy Southeast ALA Coop Dist Energy Supply REV	0.19%
7	—	Dallas TEX Indpt SCH Dist Unltd TAX Bldg REF BDS	0.18%
8	—	Kentucky KY PUB Energy Auth GAS Supply REV BDS	0.18%
9	—	Southeast ALA GAS Supply Dist GAS Supply REV REF	0.17%
10	—	Lakeland FLA Energy SYS REV REF BDS 2023	0.16%

FlexShares TAXI · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 4.4%

How It Compares

TAXI

Northern Trust Intermediate Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
TAXI	FlexSharesThis fundRead Desk	0.05%	+1.1%	+2.2%	$338M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put TAXI head to head with MUB →

MUB vs TAXI

YTD

MUBiShares · MunicipalTAXIFlexShares · Municipal

Year to date

−0.4%

+1.1%

TAXI wins+1.5 pts

Past year

+0.1%

+2.2%

TAXI wins+2.1 pts

Fee

0.05%

Level

Yield

3.3%

2.6%

MUB wins+0.7 pts

AUM

$54.5B

$338M

MUB161.0× more

2–1TAXI wins

iShares MUB and FlexShares TAXI · year-to-date · as of Nov 4, 2026 · AUM not scored

TAXI vs VOO

YTD

TAXI · Northern Trust Intermediate Tax-Exempt Bond

+1.1%

VOO · S&P 500

+11.5%

Gap

10.4 pts

FlexShares TAXI and Vanguard VOO · YTD total return · as of Nov 4, 2026

TAXI vs Its Peer Average

YTD

TAXIAvsBPeer average

1D+0.1%0.0%

1M+3.2%+2.9%

3M+0.9%−0.9%

YTD+1.1%+0.3%

1Y+2.2%+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

5–0TAXI wins

165 Municipal peers · each row scaled to its leader

The Details

TAXI

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.53%

Deepest drop · 1Y−4.7%

Lowest point · 5Y0.0%

52-week range

$50.75

$48.76−2.7% from the high$52.18

FlexShares TAXI · past-year price moves · as of Nov 4, 2026

TAXI

Fund Facts

Today

2025launched Aug 18

Tracks[…]

Exchange · CUSIPNASDAQ · 665162210

StructureETF

Leverage1x

Cost on $10,000$5 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FlexShares TAXI · fund facts · as of Nov 4, 2026

TAXI

Payouts by Year

$0.12per share, Nov 2026

Distribution yield2.6%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 6, 2026

12 payouts added up$1.31 a share

FlexShares TAXI · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$50.65

Premium / discount[…]

Median spread · 30D[…]

Volume today99K

Average volume · 30D136K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.05%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$5.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 6, 2026	$0.12
Oct 1, 2026	Oct 7, 2026	$0.11
Sep 1, 2026	Sep 8, 2026	$0.13
Aug 3, 2026	Aug 7, 2026	$0.13
Jul 1, 2026	Jul 8, 2026	$0.11
Jun 1, 2026	Jun 5, 2026	$0.12
May 1, 2026	May 7, 2026	$0.12
Apr 1, 2026	Apr 7, 2026	$0.0970
Mar 2, 2026	Mar 6, 2026	$0.11
Feb 2, 2026	Feb 6, 2026	$0.15
Dec 19, 2025	Dec 26, 2025	$0.0577
Dec 1, 2025	Dec 5, 2025	$0.0660

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