---
ticker: "TAXT"
name: "Northern Trust Tax-Exempt Bond ETF"
url: "https://etf.net/etf/TAXT"
grade: "A"
score: 80
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "8 of 63"
methodology: "https://etf.net/methodology"
---

# TAXT: Northern Trust Tax-Exempt Bond ETF

Grade **A**, Score 80 of 100. Rank 8 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 95 | 3 of 63 |
| Mission | 97 | 11 of 59 |
| Risk | 62 | 9 of 63 |
| Tradability | 47 | 35 of 63 |
| Holdings | 94 | 2 of 63 |
| Durability | 42 | 44 of 63 |

## Top holdings

The fund holds 2767 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash | 1.41% |
| 2 | — | New York N Y City Mun Wtr Fin Auth Wtr & Swr Sys | 0.35% |
| 3 | — | University Calif Revs Gen Regt Bds 2022 Bk | 0.19% |
| 4 | — | New York St Urban Dev Corp Rev St Personal Income | 0.19% |
| 5 | — | New York St Twy Auth St Pers Income Tax Rev Bds | 0.18% |
| 6 | — | University Tex Univ Revs Fing Sys Bds 2024A | 0.16% |
| 7 | — | Rhode Island St Consolidated Cap Dev Ln Gen Oblig | 0.15% |
| 8 | — | Chicago Ill Tran Auth Sales Tax Rcpts Rev Second | 0.15% |
| 9 | — | Alabama St Pub Sch & College Auth Cap Impt Ref Bds | 0.15% |
| 10 | — | Chicago Ill O Hare Intl Arpt Rev Gen Sr Lien Ref | 0.15% |
| 11 | — | Pennsylvania St Tpk Commn Registration Fee Rev Ref | 0.15% |
| 12 | — | Seattle Wash Wtr Sys Rev Ref Impt Bds 2025 | 0.15% |
| 13 | — | Fort Bend Cnty Tex Toll Rd Rev Sr Lien Ref Bds | 0.15% |
| 14 | — | South Carolina St Pub Svc Auth Rev Obligs 2025A | 0.15% |
| 15 | — | Fontana Calif Pub Facs Fing Auth Lease Rev Bds | 0.15% |
| 16 | — | Metropolitan Govt Nashville & Davidson Cnty Tenn | 0.15% |
| 17 | — | Maine Mun Bd Bk Transn Infrastructure Rev Bds 2026 | 0.14% |
| 18 | — | Tennessee Energy Acquisition Corp Gas Rev Ref Bds | 0.14% |
| 19 | — | Memphis Tenn Gen Impt Ref Bds 2020 29/APR/2020 | 0.14% |
| 20 | — | New York St Dorm Auth Revs Non St Supported Debt | 0.14% |
| 21 | — | Maine Health & Higher Edl Facs Auth Rev Bds 2024B | 0.14% |
| 22 | — | Connecticut St Health & Edl Facs Auth Rev Bds’s | 0.14% |
| 23 | — | Atlanta Ga Arpt Rev Gen Bds 2026 A1 26/AUG/2026 | 0.14% |
| 24 | — | Atlanta Ga Arpt Rev Gen Bds 2023B-1 31/AUG/2023 | 0.14% |
| 25 | — | Oklahoma St Inds Auth Edl Facs Lease Rev Bds 2024 | 0.14% |
| 26 | — | Energy Southeast Ala Coop Dist Energy Supply Rev | 0.14% |
| 27 | — | Illinois Fin Auth Rev Bds 2024 A 14/MAY/2024 | 0.14% |
| 28 | — | Idaho Hsg & Fin Assn Sales Tax Rev Trans Expansion | 0.14% |
| 29 | — | Washington St Mtr Veh Fuel Tax Related Fees Gen | 0.14% |
| 30 | — | Jackson Cnty Mo Reorg Sch Dist No 7 Lees Summit | 0.14% |

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