Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
$99.57+0.00 (+0.00%)
Market opens at 9:30 AM ET.History starts Aug 19, 2025.
- Expense ratio
- 0.18%
- Fund size
- $8M
- 1Y return
- +1.0%
- Yield · Last 12 months
- 2.22%
- Holdings
- 233
- Volume · 30D
- 0M sh
- NAV per share
- $99.25
- 52W range
The ETF.net MUNA Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 76Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 39Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on MUNA
CMost target-maturity bond funds are a single rung. MUNA is the whole staircase: an actively managed muni ladder with rungs maturing each year through 2030 that pays principal back as it goes, then liquidates in the terminal year.
The Fund seeks periodic distributions of federally tax-exempt income and/or principal through 2030. It uses a laddered municipal-bond strategy with maturities across annual rungs through the terminal year.
Why people hold it
- One ticker does the job of several: a laddered portfolio of federally tax-exempt municipal bonds with rungs through 2030, paying income monthly.flexshares.com
- Built to hand cash back on a schedule. As each annual rung matures, principal goes out the door, and at the end of the final rung the fund liquidates and distributes its assets.flexshares.com
- Actively managed across a few hundred municipal bonds, spread in roughly equal proportions by par value across the existing rungs, so no single issuer dominates.flexshares.com
- Interest from the munis it holds is exempt from regular federal income tax, a structural feature the corporate and Treasury ladders in this category do not offer.flexshares.com
Worth knowing
- At 0.18% a year it runs pricier than single-maturity rivals such as IBTJ (0.07%) and BSCU (0.10%). That is the toll for active muni management and a multi-rung ladder in one wrapper.
- Unlike an individual bond, the fund carries no obligation to return principal, and NAV is designed to fall as payments are made. Distributions can include return of capital.flexshares.com
- Launched in 2025 and still small and thinly traded. Lighter-volume funds tend to carry wider bid/ask spreads than the long-established defined-maturity franchises.
MUNA Holdings
- Bonds
- 233
- 14%
- COOK CNTY ILL SCH DIST NO 063 EAST MAINE GO LTD
Geography
- United States100.00%
MUNA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MUNA$10,104
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MUNA |
|---|---|
| Year to date | +1.1% |
| 1 month | +0.1% |
| 3 months | −0.6% |
| 1 year | +1.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUNA |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +0.6% |
MUNA in the news
MUNA Dividends
- 2.22%
- $2.21
- $0.22 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.22 |
| Aug 3, 2026 | Aug 7, 2026 | $0.22 |
| Jul 1, 2026 | Jul 8, 2026 | $0.18 |
| Jun 1, 2026 | Jun 5, 2026 | $0.15 |
| May 1, 2026 | May 7, 2026 | $0.20 |
| Apr 1, 2026 | Apr 7, 2026 | $0.15 |
| Mar 2, 2026 | Mar 6, 2026 | $0.18 |
| Feb 2, 2026 | Feb 6, 2026 | $0.22 |
| Dec 19, 2025 | Dec 26, 2025 | $0.15 |
| Dec 1, 2025 | Dec 5, 2025 | $0.18 |
| Nov 3, 2025 | Nov 7, 2025 | $0.18 |
| Oct 1, 2025 | Oct 7, 2025 | $0.18 |
MUNA Risk
- 1.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.52
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUNA Cost
0.18%
MUNA0.18%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.