Northern Trust Expands Municipal Bond ETF Lineup with New York and California Tax-Exempt ETFs
New ETFs give investors exposure to state-specific municipal bonds and tax-exempt income
CHICAGO–(BUSINESS WIRE)–
Northern Trust Asset Management, a leading global investment management firm with $1.6 trillion in assets under management as of June 30, 2026, today announced the launch of two new municipal bond ETFs: the Northern Trust New York Intermediate Tax-Exempt Bond ETF (Nasdaq: TXNY) and the Northern Trust California Intermediate Tax-Exempt Bond ETF (Nasdaq: TXCA).
The ETFs offer exposure to high-quality, intermediate-duration municipal bonds issued in New York and California. Income from each fund is exempt from federal income taxes and from state income taxes in the applicable state. For investors in two of the nation’s highest-tax states, tax-exempt income can play an important role in helping preserve more of what a portfolio earns.
TXNY and TXCA provide targeted exposure to intermediate-duration municipal bonds, offering a balance of income potential and interest-rate risk protection in an uncertain rate environment.
“Investors are increasingly seeking precise, tax-aware fixed income solutions that align with where they live and pay taxes,” said Dave Abner, Global Head of ETFs and Funds at Northern Trust Asset Management. “For investors in high-tax states such as New York and California, these funds offer access to tax-exempt income that can be an important portfolio consideration. Northern Trust Asset Management brings longtime fixed income leadership to the ETF market, pairing our investment expertise with the efficiency of the ETF structure.”
TXNY and TXCA are managed by Northern Trust Asset Management’s municipal bond investment team, which has more than 30 years of experience managing national and state-specific municipal bond portfolios. The team oversees a broad range of municipal bond strategies across active mutual funds, index and laddered ETFs, and active and laddered separately managed accounts.
The launch expands Northern Trust’s lineup of tax-exempt ETFs, which also includes TAXT, TAXI and TAXS. Introduced in 2025, those funds have grown to more than $370 million in assets as of August 31, 2026.
With more than 15 years of experience managing ETFs and $27 billion in ETF assets as of June 30, 2026, Northern Trust Asset Management offers a diversified range of active and passive ETFs across equities, fixed income and real assets.
Additional information about Northern Trust ETFs is available at: etfs.ntam.northerntrust.com
About Northern Trust Asset Management
Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with US$1.6 trillion in assets under management as of June 30, 2026, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.
Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company, The Northern Trust Company (Singapore Branch), and The Northern Trust Company of Hong Kong Limited.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information are in the prospectus and a summary prospectus, copies of which may be obtained by visiting https://ntam.northerntrust.com/united-states/individual/etfs. Read the prospectus carefully before you invest.
Northern Funds Distributors, LLC, distributor. Northern Funds Distributors, LLC is not affiliated with Northern Trust.
All investments are subject to investment risk, including the possible loss of principal amount invested. Investments do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260921016896/en/
Media Contact:
Joanne Zalatoris
+1 (312) 900-3462
[email protected]
http://www.northerntrust.com
KEYWORDS: United States North America Illinois California New York
INDUSTRY KEYWORDS: Banking Other Professional Services Professional Services Finance
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