Northern Trust California Intermediate Tax-Exempt Bond ETF

Northern Trust California Intermediate Tax-Exempt Bond ETF is an exchange-traded fund that seeks to track the performance of an index of investment-grade California municipal bonds with intermediate-term maturities. The fund primarily invests in California state and local government and agency debt securities whose interest is generally exempt from regular federal income tax and California state personal income tax. It uses a passive, representative-sampling approach to track its underlying index.