Northern Funds - Northern Trust Short-Term Tax-Exempt Bond ETF is an exchange traded fund launched and managed by Northern Trust Investments, Incorporated. It invests in fixed income markets of the United States. The fund invests in investment-grade U.S. dollar denominated municipal bonds from issuers that are primarily state or local governments or agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax with maturities of less than five years. It seeks to track the performance of the CE Short Term Focused Municipal Bond Index, by using representative sampling technique. Northern Funds - Northern Trust Short-Term Tax-Exempt Bond ETF is domiciled in the United States.