---
ticker: "TAXI"
name: "Northern Trust Intermediate Tax-Exempt Bond ETF"
url: "https://etf.net/etf/TAXI"
grade: "A"
score: 82
graded_at: "2026-10-12"
category: "Intermediate Municipal Bonds"
category_rank: "1 of 20"
methodology: "https://etf.net/methodology"
---

# TAXI: Northern Trust Intermediate Tax-Exempt Bond ETF

Grade **A**, Score 82 of 100. Rank 1 of 20 in Intermediate Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 100 | 1 of 20 |
| Mission | 91 | 14 of 19 |
| Risk | 71 | 1 of 20 |
| Tradability | 58 | 7 of 20 |
| Holdings | 81 | 1 of 20 |
| Durability | 51 | 10 of 20 |

## Top holdings

The fund holds 3467 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash | 1.36% |
| 2 | — | New York N Y City Transitional Fin Auth Bldg Aid | 0.18% |
| 3 | — | New York N Y Go Arrs Bds Fiscal 2021 3 05/APR/2012 | 0.18% |
| 4 | — | Energy Southeast Ala Coop Dist Energy Supply Rev | 0.12% |
| 5 | — | Huron Valley Mich Sch Dist Gen Oblig Unltd Tax | 0.12% |
| 6 | — | Southeast Energy Auth Coop Dist Ala Energy Supply | 0.12% |
| 7 | — | Texas Transn Commn Cent Tex Tpk Sys Rev Ref Bds | 0.12% |
| 8 | — | Lakeland Fla Energy Sys Rev Ref Bds 2023 | 0.12% |
| 9 | — | Kentucky Inc Ky Pub Energy Auth Gas Suplly Rev Bds | 0.12% |
| 10 | — | Main Str Nat Gas Inc Ga Gas Supply Rev Bds 2023A | 0.12% |
| 11 | — | Black Belt Energy Gas Dist Ala Gas Supply Rev Bds | 0.12% |
| 12 | — | Indiana St Fin Auth Wtr Util Rev First Lien Ref | 0.12% |
| 13 | — | California Cmnty Choice Fing Auth Clean Energy | 0.12% |
| 14 | — | Southeast Energy Auth Coop Dist Ala Energy Supply | 0.12% |
| 15 | — | Central Fla Expwy Auth Sr Lienrev Bds 2024B | 0.12% |
| 16 | — | Lakeland Fla Energy Sys Rev Ref Rev Bds 2010A | 0.12% |
| 17 | — | Southeast Ala Gas Supply Dist Gas Supply Rev Ref | 0.12% |
| 18 | — | M-S-R Energy Auth Calif Gas Rev Gas Rev Bds 2009C | 0.12% |
| 19 | — | Seminole Cnty Fla Sch Dist Sales Tax Rev Bds 2025 | 0.12% |
| 20 | — | Palm Beach Cnty Fla Sch Brd Ctfs Partn Ctfs of | 0.11% |
| 21 | — | Duval Cnty Fla Sch Brd Ctfs Partn Ref Cops 2025A | 0.11% |
| 22 | — | Los Angeles Calif Dept Wtr & Pwr Wtrwks Rev Sys | 0.11% |
| 23 | — | Southeast Energy Auth Coop Dist Ala Energy Supply | 0.11% |
| 24 | — | Idaho Hsg & Fin Assn Sales Tax Rev Trans Expansion | 0.11% |
| 25 | — | Illinois St Go Ref Bds 2018 A 05/SEP/2018 | 0.11% |
| 26 | — | Southeast Energy Auth Commodity Supply Rev Ala Bds | 0.11% |
| 27 | — | Marion Cnty Fla Sch Brd Ctfs Partn Cops 2024 | 0.11% |
| 28 | — | Boulder Larimer & Weld Cntys Colo St Vrain Vy Sch | 0.11% |
| 29 | — | Energy Southeast Ala Coop Dist Energy Supply Rev | 0.10% |
| 30 | — | Kentucky St Ppty & Bldgs Commn Revs Bds A | 0.10% |

Source: etf.net, https://etf.net/etf/TAXI. Please cite the page URL.