Northern Trust Short-Term Tax-Exempt Bond ETF

Northern Trust Short-Term Tax-Exempt Bond ETF is a fixed income exchange-traded fund designed to provide tax-exempt income through a portfolio of short-term U.S. municipal bonds. The fund is passively managed and seeks to track the ICE Short-Term Focused Municipal Bond Index by investing primarily in investment-grade municipal securities with maturities of one to five years. Its holdings are concentrated in bonds issued by state and local governments, public authorities, utilities, and other municipal entities, with interest income generally exempt from U.S. federal income tax and the federal alternative minimum tax. The ETF is used by investors looking for a short-duration municipal bond exposure within the tax-advantaged segment of the fixed income market. Northern Trust Short-Term Tax-Exempt Bond ETF is part of Northern Trust’s municipal ETF lineup and plays a role in providing liquidity, diversification, and access to short-maturity tax-exempt bonds.