Northern Trust Intermediate Tax-Exempt Bond ETFTAXI

FlexSharesBonds & CashMunicipal#229 of 786 by YTD

$51.03

+0.3% last session

+1.7% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Dec 31, 2025 – Nov 5, 2026TAXI

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.3%	+4.0%	+1.2%	+1.7%	+2.8%	—	—	+5.2%
Peer average	+0.3%	+4.1%	−0.5%	+0.9%	+1.2%	+15.4%	+2.9%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $339M
Expense ratio: 0.05%
Distribution yield: 2.6%
NAV: $50.80
Volume: 253K
Avg. volume 30D: 141K
High today: $51.04
Low today: $50.86
Previous close: $50.87
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+2.7%$59.6M

#2MYMGSPDR+2.4%$8.6M

#3TAXTFlexShares+2.4%$197M

#4SMMUPIMCO+2.3%$1.3B

#5SHYMiShares+2.2%$921M

#6FTMSFranklin Templeton+2.1%$265M

#7MUNAFlexShares+2.0%$8.0M

#8CGSMCapital Group+2.0%$1.7B

#27TAXIFlexShares+1.7%$339M

End-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD

$10,000 in TAXI

$10,000 in TAXI became

$10,519

In the S&P 500 (VOO)

$11,656

Total return, dividends in · Aug 20, 2025 – Nov 5, 2026 · S&P 500 uses VOO

TAXI’s Top Holdings

Today

CASHCash1.3%SOUTHEAST EN0.3%CALIFORNIA C0.2%BLACK BELT E0.2%MERRILLVILLE0.2%ENERGY SOUTH0.2%DALLAS TEX I0.2%KENTUCKY INC0.2%SOUTHEAST AL0.2%LAKELAND FLA0.2%NEW YORK N Y0.1%MIAMI-DADE C0.1%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%SALES TAX SE0.1%

FlexShares TAXI · 5,119 holdings · top 22 shown · tile size = share of the fund · as of Nov 5, 2026

What TAXI Holds

Today

All holdings100.0%

CASH 1.3 · SOUTHEAST · CALIFORNIA · BLACK BELT · MERRILLVIL · ENERGY SOU · DALLAS TEX

FlexShares TAXI · share of the fund · as of Nov 5, 2026

Cash’s Share of TAXI

Today

1.3%

$13 of every $1,000 in TAXI is Cash

Cash held by TAXI

$4.4M

Most Cash per dollar

MMIT1.3%

MMCA0.8%

CLOO0.2%

CPLB0.2%

FlexShares TAXI · each square = $10 of $1,000 · as of Nov 5, 2026

TAXI’s Share of Municipal ETFs

Today

0.1%

of the $244B in 166 Municipal ETFs

TAXI$339M0.1%

MUB$54.7B22.4%

VTEB$49.6B20.3%

163 others$140B57.2%

Municipal ETF AUM · Nov 6, 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 6, 2026

Inside TAXI

5,119 holdings · as of Nov 5, 2026

TAXI

Northern Trust Intermediate Tax-Exempt Bond ETF

Today

All holdings100.0%5,118 more holdings98.7% of the fund

#	Ticker	Company	Weight ▼
1	CASH	CASH	1.30%
2	—	Southeast Energy Auth Coop Dist ALA Energy Supply	0.26%
3	—	California Cmnty Choice Fing Auth Clean Energy	0.25%
4	—	Black Belt Energy GAS Dist ALA GAS Proj REV BDS	0.24%
5	—	Merrillville IND Multi SCH Bldg AD Valorem	0.18%
6	—	Energy Southeast ALA Coop Dist Energy Supply REV	0.18%
7	—	Dallas TEX Indpt SCH Dist Unltd TAX Bldg REF BDS	0.17%
8	—	Kentucky KY PUB Energy Auth GAS Supply REV BDS	0.17%
9	—	Southeast ALA GAS Supply Dist GAS Supply REV REF	0.16%
10	—	Lakeland FLA Energy SYS REV REF BDS 2023	0.16%

See all 5,119 holdings ↓

FlexShares TAXI · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 4.2%

All TAXI Holdings

5,119 holdings · as of Nov 5, 2026

TAXI

TAXI’s Holdings

Today

#
1	—Cash	1.30%	$130.27	4.6M	$4.6M
2	—NEW York N Y City Transitional FIN Auth Bldg AID	0.13%	$12.95	445K	$459K
3	—Sarasota Cnty FLA SCH BRD Ctfs Partn Cops 2023a	0.11%	$11.21	365K	$398K
4	—Black Belt Energy GAS Dist ALA GAS Supply REV BDS	0.11%	$10.62	360K	$377K
5	—Southeast Energy Auth Coop Dist ALA Energy Supply	0.10%	$9.72	330K	$345K
6	—Huron Valley Mich SCH Dist GEN Oblig Unltd TAX	0.09%	$9.09	300K	$322K
7	—Texas Transn Commn Cent TEX TPK SYS REV REF BDS	0.09%	$9.01	290K	$320K
8	—Clark Cnty NEV SCH Dist TAX GO Bldg REF BDS	0.09%	$8.99	290K	$319K
9	—California Cmnty Choice Fing Auth Clean Energy	0.09%	$8.97	315K	$318K
10	—Southeast Energy Auth Coop Dist ALA GAS Supply REV	0.09%	$8.94	300K	$317K
11	—Central FLA Expwy Auth SR Lienrev BDS 2024b	0.09%	$8.94	285K	$317K
12	—Connecticut ST SPL TAX Oblig REV Transn	0.09%	$8.93	285K	$317K
13	—Merrillville IND Multi SCH Bldg AD Valorem	0.09%	$8.93	295K	$317K
14	—Energy Southeast ALA Coop Dist Energy Supply REV	0.09%	$8.89	300K	$315K
15	—Sales TAX Securitization ILL BDS 2023a	0.09%	$8.88	295K	$315K

FlexShares TAXI · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 5, 2026

How It Compares

TAXI

Northern Trust Intermediate Tax-Exempt Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	+0.5%	+0.9%	$54.7B
VTEB	VanguardRead Desk	0.03%	+0.6%	+0.9%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.6%	+2.4%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+1.1%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+1.1%	+1.7%	$7.5B
TAXI	FlexSharesThis fundRead Desk	0.05%	+1.7%	+2.8%	$339M

Municipal peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put TAXI head to head with MUB →

MUB vs TAXI

YTD

MUBiShares · MunicipalTAXIFlexShares · Municipal

Year to date

+0.5%

+1.7%

TAXI wins+1.2 pts

Past year

+0.9%

+2.8%

TAXI wins+1.8 pts

Fee

0.05%

Level

Yield

3.3%

2.6%

MUB wins+0.7 pts

AUM

$54.7B

$339M

MUB161.1× more

2–1TAXI wins

iShares MUB and FlexShares TAXI · year-to-date · as of Nov 6, 2026 · AUM not scored

TAXI vs VOO

YTD

TAXI · Northern Trust Intermediate Tax-Exempt Bond

+1.7%

VOO · S&P 500

+8.4%

Gap

6.7 pts

FlexShares TAXI and Vanguard VOO · YTD total return · as of Nov 6, 2026

TAXI vs Its Peer Average

YTD

TAXIAvsBPeer average

1D+0.3%+0.3%

1M+4.0%+4.1%

3M+1.2%−0.5%

YTD+1.7%+0.9%

1Y+2.8%+1.2%

3Y[…]+15.4%

5Y[…]+2.9%

4–1TAXI wins

165 Municipal peers · each row scaled to its leader

The Details

TAXI

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.56%

Deepest drop · 1Y−4.7%

Lowest point · 5Y0.0%

52-week range

$51.03

$48.76−2.2% from the high$52.18

FlexShares TAXI · past-year price moves · as of Nov 6, 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 6, 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$50.80

Premium / discount[…]

Median spread · 30D[…]

Volume today253K

Average volume · 30D141K

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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