Northern Trust Tax-Exempt Bond ETFTAXT

FlexSharesBonds & CashMunicipal#175 of 785 by YTD

$51.15

+0.5% last session

+2.1% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026TAXTS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.5%	+4.4%	+1.4%	+2.1%	+2.8%	—	—	+6.1%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $196M
Expense ratio: 0.05%
Distribution yield: 3.2%
NAV: $50.88
Volume: 1K
Avg. volume 30D: 96K
High today: $51.17
Low today: $51.13
Previous close: $50.91
52-week high: $52.37
52-week low: $48.52
Our risk indicator: 2/5

TAXT in One Breath

TAXT Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.6%$59.3M

#2OVMOverlay Shares+2.4%$44.9M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$196M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$499M

#9CGSMCapital Group+1.9%$1.7B

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in TAXT

$10,000 in TAXT became

$10,610

In the S&P 500 (VOO)

$12,156

Total return, dividends in · Aug 19, 2025 – Nov 4, 2026 · S&P 500 uses VOO

TAXT’s Top Holdings

Today

CASHCash1.2%METROPOLITAN0.4%NEW YORK ST 0.3%NEW YORK N Y0.3%ENERGY SOUTH0.2%COLORADO EDL0.2%CENTENNIAL A0.2%DALLAS TEX G0.2%SAN ANTONIO 0.2%BLACK BELT E0.2%BURKE CNTY G0.2%RICHLAND CNT0.1%CENTRAL PUGE0.1%SHELBY CNTY 0.1%INTERMOUNTAI0.1%UNIVERSITY C0.1%JACKSON CNTY0.1%NEW YORK ST 0.1%REGIONAL TRA0.1%PRIVATE COLL0.1%SAN DIEGO CA0.1%UNIVERSITY C0.1%

FlexShares TAXT · 3,270 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What TAXT Holds

Today

All holdings100.0%

CASH 1.2 · METROPOLIT · NEW YORK S · NEW YORK N · ENERGY SOU · COLORADO E · CENTENNIAL

FlexShares TAXT · share of the fund · as of Nov 4, 2026

Cash’s Share of TAXT

Today

1.2%

$12 of every $1,000 in TAXT is Cash

Cash held by TAXT

$2.3M

Most Cash per dollar

MMHI1.7%

MMCA0.8%

CLOO0.2%

MMMA0.2%

FlexShares TAXT · each square = $10 of $1,000 · as of Nov 4, 2026

TAXT’s Share of Municipal ETFs

Today

0.1%

of the $244B in 166 Municipal ETFs

TAXT$196M0.1%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$140B57.2%

Municipal ETF AUM · Nov 5, 2026

TAXT Fee per $100 vs Peers

Today

$0.05a year
per $100

$5 a year on $10,000

VTEB$0.03

TAXT$0.05

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 5, 2026

Inside TAXT

3,270 holdings · as of Nov 4, 2026

TAXT

Northern Trust Tax-Exempt Bond ETF

Today

All holdings100.0%3,268 more holdings98.5% of the fund

#	Ticker	Company	Weight ▼
1	CASH	CASH	1.16%
2	—	Metropolitan Govt Nashville & Davidson Cnty Tenn	0.35%
3	—	NEW York ST TWY Auth ST Pers Income TAX REV BDS	0.27%
4	—	NEW York N Y City MUN WTR FIN Auth WTR & SWR SYS	0.26%
5	—	Energy Southeast ALA Coop Dist Energy Supply REV	0.25%
6	—	Colorado EDL & Cultural Facs Auth REV BDS 2026a	0.24%
7	—	Centennial Auth N C REV BDS 2026 08/jul/2026	0.17%
8	—	Dallas TEX GO REF Impt BDS 2024c 19/dec/2024	0.16%
9	—	SAN Antonio TEX Elec & GAS REV JR Lien SYS REF BDS	0.16%
10	—	Black Belt Energy GAS Dist ALA GAS Proj REV REF	0.15%

FlexShares TAXT · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 4.6%

How It Compares

TAXT

Northern Trust Tax-Exempt Bond ETF’s Peers


MUB	iSharesRead Desk	0.05%	+0.7%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	+0.7%	+0.2%	$49.6B
SUB	iSharesRead Desk	0.07%	+2.3%	+1.5%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	+0.8%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+1.4%	+0.8%	$7.5B
TAXT	FlexSharesThis fundRead Desk	0.05%	+2.8%	+2.1%	$196M

Municipal peers · Past-year and ytd returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put TAXT head to head with MUB →

MUB vs TAXT

YTD

MUBiShares · MunicipalTAXTFlexShares · Municipal

Year to date

+0.1%

+2.1%

TAXT wins+2.0 pts

Past year

+0.7%

+2.8%

TAXT wins+2.1 pts

Fee

0.05%

Level

Yield

3.3%

3.2%

MUB wins+0.1 pts

AUM

$54.5B

$196M

MUB277.4× more

2–1TAXT wins

iShares MUB and FlexShares TAXT · year-to-date · as of Nov 5, 2026 · AUM not scored

TAXT vs VOO

TAXT · Northern Trust Tax-Exempt Bond

+2.8%

VOO · S&P 500

+13.5%

Gap

10.7 pts

FlexShares TAXT and Vanguard VOO · 1Y total return · as of Nov 5, 2026

TAXT vs Its Peer Average

YTD

TAXTAvsBPeer average

1D+0.5%+0.3%

1M+4.4%+3.3%

3M+1.4%−0.5%

YTD+2.1%+0.6%

1Y+2.8%+1.0%

3Y[…]+15.1%

5Y[…]+2.7%

5–0TAXT wins

165 Municipal peers · each row scaled to its leader

The Details

TAXT

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.44%

Deepest drop · 1Y−5.4%

Lowest point · 5Y0.0%

52-week range

$51.15

$48.52−2.3% from the high$52.37

FlexShares TAXT · past-year price moves · as of Nov 5, 2026

TAXT

Fund Facts

Today

2025launched Aug 18

Tracks[…]

Exchange · CUSIPNASDAQ · 665162194

StructureETF

Leverage1x

Cost on $10,000$5 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FlexShares TAXT · fund facts · as of Nov 5, 2026

TAXT

Payouts by Year

$0.13per share, Nov 2026

Distribution yield3.2%

PaidEvery month

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

12 payouts added up$1.62 a share

FlexShares TAXT · 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$50.88

Premium / discount[…]

Median spread · 30D[…]

Volume today1K

Average volume · 30D96K

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	$0.13
Oct 1, 2026	Oct 7, 2026	$0.11
Sep 1, 2026	Sep 8, 2026	$0.14
Aug 3, 2026	Aug 7, 2026	$0.15
Jul 1, 2026	Jul 8, 2026	$0.14
Jun 1, 2026	Jun 5, 2026	$0.15
May 1, 2026	May 7, 2026	$0.15
Apr 1, 2026	Apr 7, 2026	$0.12
Mar 2, 2026	Mar 6, 2026	$0.11
Feb 2, 2026	Feb 6, 2026	$0.16
Dec 19, 2025	Dec 26, 2025	$0.11
Dec 1, 2025	Dec 5, 2025	$0.15

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