Northern Trust Intermediate Tax-Exempt Bond ETF

Northern Trust Intermediate Tax-Exempt Bond ETF is a passively managed exchange-traded fund focused on providing investors with federally tax-exempt income by investing in a diversified portfolio of intermediate-term, investment grade municipal bonds. The fund’s primary purpose is to track the ICE Intermediate Term Focused Municipal Bond Index, which includes U.S. dollar-denominated, investment grade municipal debt issued by states, territories, and their local governments. These securities must have maturities ranging from 1 to 15 years and are exempt from federal income tax as well as the alternative minimum tax, offering appeal to investors seeking efficient, tax-exempt fixed income solutions. Notable features include a low expense ratio, transparent structure, and diversified credit exposure across public-sector issuers. Its role in the market centers on accessible income generation and capital preservation for individuals, institutions, and retirement accounts, enabling effective cash flow management while helping mitigate tax liabilities through municipal bond investments.