Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026TAXSS&P 500 · VOOBonds & Cash average
Northern Trust Short-Term Tax-Exempt Bond ETFTAXS
$50.12
+0.1% last session
+1.7% YTD
Data as of 11/3/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.1% | +1.8% | +0.5% | +1.7% | +2.7% | — | — | +2.9% |
| 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
- $194M
- Expense ratio
- 0.05%
- Distribution yield
- 2.4%
- NAV
- $50.03
- Volume
- 89K
- Avg. volume 30D
- 51K
- High today
- $50.12
- Low today
- $50.09
- Previous close
- $50.09
- 52-week high
- $50.74
- 52-week low
- $49.15
- Our risk indicator
- 2/5
TAXS in One Breath
TAXS Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in TAXS
5Y$10,000 in TAXS became
$10,292
In the S&P 500 (VOO)
$11,962
Total return, dividends in · Aug 19, 2025 – Nov 3, 2026 · S&P 500 uses VOO
TAXS’s Top Holdings
TodayCASHCash1.8%LAS VEGAS VY0.4%SCAGO EDL FA0.4%SOUTHEAST EN0.3%RHODE ISLAND0.3%METROPOLITAN0.3%CALIFORNIA C0.3%CLARK CNTY N0.3%TRUCKEE MEAD0.2%PENNSYLVANIA0.2%CALIFORNIA S0.2%PHILADELPHIA0.2%INDIANA ST F0.2%CENTRAL PLAI0.2%KENTUCKY INC0.2%NEW YORK ST 0.2%DUVAL CNTY F0.2%HONOLULU HAW0.2%MAIN STR NAT0.2%MAIN STR NAT0.2%LAS VEGAS VY0.2%DISTRICT COL0.2%
CASHCash1.8%LAS VEGAS VY0.4%SCAGO EDL FA0.4%SOUTHEAST EN0.3%RHODE ISLAND0.3%METROPOLITAN0.3%CALIFORNIA C0.3%CLARK CNTY N0.3%TRUCKEE MEAD0.2%PENNSYLVANIA0.2%CALIFORNIA S0.2%PHILADELPHIA0.2%
FlexShares TAXS · 2,421 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026
What TAXS Holds
TodayAll holdings100.0%
CASH 1.8 · LAS VEGAS · SCAGO EDL · SOUTHEAST · RHODE ISLA · METROPOLIT · CALIFORNIA
FlexShares TAXS · share of the fund · as of Nov 3, 2026
Cash’s Share of TAXS
Today1.8%
$18 of every $1,000 in TAXS is Cash
Cash held by TAXS
$3.4M
FlexShares TAXS · each square = $10 of $1,000 · as of Nov 3, 2026
TAXS’s Share of Municipal ETFs
Today0.1%
of the $244B in 166 Municipal ETFs
$194M0.1%
$54.5B22.3%
$49.6B20.3%
$140B57.2%
Municipal ETF AUM · Nov 4, 2026
TAXS Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside TAXS
2,421 holdings · as of Nov 3, 2026TAXS
Northern Trust Short-Term Tax-Exempt Bond ETF
Today| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | CASH | CASH | 1.77% |
| 2 | — | LAS Vegas VY NEV WTR Dist GO TAX REF BDS 2021 | 0.37% |
| 3 | — | Scago EDL Facs FOR Pickens SCH Dist S C | 0.37% |
| 4 | — | Southeast Energy Auth Commodity Supply REV ALA BDS | 0.28% |
| 5 | — | Rhode Island ST Comm REV Grant Antic BDS 2020 | 0.27% |
| 6 | — | Metropolitan Govt Nashville & Davidson Cnty Tenn | 0.25% |
| 7 | — | California Cmnty Choice Fing Auth Clean Energy | 0.25% |
| 8 | — | Clark Cnty NEV Passenger FAC Charge REV REF BDS | 0.25% |
| 9 | — | Truckee Meadows NEV WTR Auth WTR REV REV REF BDS | 0.24% |
| 10 | — | Pennsylvania ST TPK Commn TPK REV REF BDS Second | 0.22% |
FlexShares TAXS · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 6.0%
How It Compares
TAXS
Northern Trust Short-Term Tax-Exempt Bond ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put TAXS head to head with MUB →MUB vs TAXS
YTDYear to date
TAXS wins+2.0 pts
Past year
TAXS wins+2.6 pts
Fee
Level
Yield
MUB wins+0.9 pts
AUM
MUB280.7× more
2–1TAXS wins
iShares MUB and FlexShares TAXS · year-to-date · as of Nov 4, 2026 · AUM not scored
TAXS vs VOO
YTDTAXS · Northern Trust Short-Term Tax-Exempt Bond
+1.7%
VOO · S&P 500
+11.5%
Gap
9.9 pts
FlexShares TAXS and Vanguard VOO · YTD total return · as of Nov 4, 2026
TAXS vs Its Peer Average
YTDTAXSAvsBPeer average
1D+0.1%0.0%
1M+1.8%+2.9%
3M+0.5%−0.9%
YTD+1.7%+0.3%
1Y+2.7%+0.6%
3Y[…]+14.6%
5Y[…]+2.5%
4–1TAXS wins
165 Municipal peers · each row scaled to its leader
The Details
TAXS
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y1.43%
Deepest drop · 1Y−1.9%
Lowest point · 5Y0.0%
52-week range
$50.12
$49.15−1.2% from the high$50.74
FlexShares TAXS · past-year price moves · as of Nov 4, 2026
TAXS
Fund Facts
Today2025launched Aug 18
Tracks[…]
Exchange · CUSIPNASDAQ · 665162228
StructureETF
Leverage1x
Cost on $10,000$5 a year
Go deeper
FlexShares TAXS · fund facts · as of Nov 4, 2026
TAXS
Payouts by Year
2Y$0.11per share, Nov 2026
Distribution yield2.4%
PaidEvery month
Latest ex-date · paidNov 2 · Nov 6, 2026
12 payouts added up$1.20 a share
FlexShares TAXS · distributions by ex-date · 2025–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Trading & Liquidity
Net asset value$50.03
Premium / discount[…]
Median spread · 30D[…]
Volume today89K
Average volume · 30D51K
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 | $0.11 |
| Oct 1, 2026 | Oct 7, 2026 | $0.11 |
| Sep 1, 2026 | Sep 8, 2026 | $0.10 |
| Aug 3, 2026 | Aug 7, 2026 | $0.11 |
| Jul 1, 2026 | Jul 8, 2026 | $0.10 |
| Jun 1, 2026 | Jun 5, 2026 | $0.11 |
| May 1, 2026 | May 7, 2026 | $0.11 |
| Apr 1, 2026 | Apr 7, 2026 | $0.10 |
| Mar 2, 2026 | Mar 6, 2026 | $0.0990 |
| Feb 2, 2026 | Feb 6, 2026 | $0.13 |
| Dec 19, 2025 | Dec 26, 2025 | $0.11 |
| Dec 1, 2025 | Dec 5, 2025 | $0.0150 |
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