Northern Trust Launches New York and California Municipal Bond ETFs

Northern Trust Asset Management has launched the Northern Trust New York Intermediate Tax-Exempt Bond ETF (TXNY) and Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) on Nasdaq. Both target high-quality, intermediate-duration municipal bonds from their respective states, seeking income exempt from federal and applicable state income taxes. The funds offer state-specific fixed income exposure for investors in two high-tax jurisdictions and are managed by Northern Trust’s municipal bond team. They join TAXT, TAXI and TAXS, which launched in 2025 and collectively held more than $370 million as of August 31, 2026, expanding the firm’s tax-exempt ETF lineup.