TAXT's largest holdings are University of California, New York State Thruway Authority, New York State Urban Development Corp., San Francisco (City of), CA, California State University. The full top list is on this page.

How concentrated is TAXT?

The top 10 holdings are 3.5% of the fund, across 1,291 positions.

The total expense ratio on record is 0.05%. That is cheaper than 92% of the 864 US-listed bond funds we track.

US-listed

TAXT

Northern Trust Tax-Exempt Bond ETF

FlexShares (Northern Trust)

1,291 holdings as of 2026-06-30 · top 10 = 3.5% · TER 0.05%

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Concentration

Well diversifiedtop 10 = 3.5%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

1,291

as of 2026-06-30

Top 10

3.5%

TER

0.05%

cheaper than 92% of peers

Net assets

US$61.1M

Largest

0.5%

P / E

–

Sections

Holdings as of 2026-06-30.

01Overview

the fund's regulatory facts

Fund currency

USD

Volatility 1Y

2.8%

02Performance

market price return · as of 2026-09-02

-0.7%

-2.2%

-2.9%

YTD

-2.1%

+0.7%

03Holdings

50 largest · as of 2026-06-30

#	Company	Identifier	Weight
1	University of California US	US91412HND16	0.5
2	New York State Thruway Authority US	US650028B363	0.5
3	New York State Urban Development Corp. US	US6500357K89	0.5
4	San Francisco (City of), CA US	US79771FLJ48	0.3
5	California State University US	US13077DUQ32	0.3
6	County of Clark NV US	US181000TQ31	0.3
7	Southeast Energy Authority A Cooperative District US	SEEPWR	0.3
8	Triborough Bridge & Tunnel Authority US	US89602HCH84	0.3
9	MONROE CNTY NY INDL DEV CORP R US	MONDEV	0.3
10	Metropolitan Atlanta Rapid Transit Authority US	METTRN	0.3
11	City of New York NY US	US64966SUA22	0.3
12	South Dakota Conservancy District US	US837545UH38	0.3
13	Indianapolis Local Public Improvement Bond Bank US	US45528UYY18	0.3
14	Desert Community College District US	US250375NB42	0.3
15	Virginia Public Building Authority US	US9281725M37	0.3
16	Multnomah County School District No. 1J Portland US	US625517QN05	0.2
17	West Virginia (State of) (Bidding Group 2) US	US956553B916	0.2
18	South Dakota Conservancy District US	US837545SW33	0.2
19	State of Florida Department of Transportation Turnpike System Revenue US	US343137A540	0.2
20	City of New York NY US	US64966SCM61	0.2
21	Chicago Board of Education Dedicated Capital Improvement Tax US	US167510AW69	0.2
22	Main Street Natural Gas Inc US	MAIUTL	0.2
23	Kentucky Public Energy Authority US	US74440DFC39	0.2
24	LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT US	US513174L346	0.2
25	King County Public Hospital District No. 1 US	US494782KD69	0.2
26	Texas Municipal Gas Acquisition & Supply Corp III US	US88256HBE71	0.2
27	Colton Joint Unified School District US	US197036RU23	0.2
28	CHICAGO IL OHARE INTL ARPT REV US	US1675935E83	0.2
29	District of Columbia US	US25483VWT78	0.2
30	Cobb-Marietta Coliseum & Exhibit Hall Authority US	US190760JP43	0.2
31	Southern California Public Power Authority US	US842469CD85	0.2
32	Main Street Natural Gas Inc US	MAIUTL	0.2
33	Huron Valley School District/MI US	US447726SD35	0.2
34	CENTRL VLY CA ENERGY AUTH COMM US	CTVPWR	0.2
35	CALIFORNIA CMNTY CHOICE FING A US	US13013JFR23	0.2
36	Virginia College Building Authority US	US92778VKW71	0.2
37	SOUTHEAST ENERGY AUTH AL COOPE US	SEEPWR	0.2
38	CALIFORNIA ST ENTERPRISE DEV A US	US13067VBR42	0.2
39	Energy Southeast A Cooperative District US	US292723AK96	0.2
40	JEA Electric System US	US46613SQH66	0.2
41	New York (State of) Dormitory Authority US	US64990AGL35	0.2
42	Massachusetts Development Finance Agency US	US57585BGU61	0.2
43	Central Puget Sound Regional Transit Authority (Green Bonds) US	US155048DL24	0.2
44	City of Chandler AZ US	US158843ZV76	0.2
45	City of Austin Water & Wastewater System US	US052477PH33	0.2
46	County of Clark US	US180848SA20	0.2
47	BLACK BELT ENERGY GAS DIST AL US	US09182TEC71	0.2
48	San Antonio (City of), TX US	US79625GKL67	0.2
49	City of Memphis TN US	US586145T531	0.2
50	Board of Regents of the University of Texas System US	US91514AJV89	0.2

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04Exposure

Bonds 100.0%

By country

USUnited States98.7%

CurrencyUSD 98.7%

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