Northern Trust launches two tax-exempt municipal bond ETFs
Northern Trust launched two municipal bond ETFs: Northern Trust New York Intermediate Tax-Exempt Bond ETF (TXNY) and Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA).
Funds target high-quality, intermediate-duration municipal bonds issued in New York or California.
Income is exempt from federal income taxes and from state income taxes in the applicable state.
Launch expands its tax-exempt ETF lineup, following TAXT, TAXI, TAXS, which reached more than $370 million in assets as of Aug. 31, 2026.
Northern Trust Asset Management had $1.6 trillion in assets under management as of June 30, 2026.
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