---
ticker: "MUNA"
name: "Northern Trust 2030 Tax-Exempt Distributing Ladder ETF"
url: "https://etf.net/etf/MUNA"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "13 of 32"
methodology: "https://etf.net/methodology"
---

# MUNA: Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

Grade **B**, Score 56 of 100. Rank 13 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 45 | 10 of 32 |
| Mission | 76 | 10 of 17 |
| Risk | 73 | 3 of 29 |
| Tradability | 36 | 25 of 32 |
| Holdings | 60 | 17 of 32 |
| Durability | 34 | 26 of 32 |

## Top holdings

The fund holds 228 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cook Cnty Ill Sch Dist No 063 East Maine Go Ltd | 2.34% |
| 2 | — | Clark Cnty Wash Sch Dist No 122 Ridgefield Unltd | 2.22% |
| 3 | — | Cash | 1.62% |
| 4 | — | Racine Cnty Wis Go Prom Nts 2025A 27/AUG/2025 | 1.41% |
| 5 | — | Ohio St Adult Correctional Cap Facs Lease | 1.29% |
| 6 | — | Mansfield Tex Wtr & Swr Rev Wks Sys Bds 2024 | 1.28% |
| 7 | — | Illinois Fin Auth Rev Loc Govt Prog Bds 2018 | 1.27% |
| 8 | — | Crown Point Ind Multi-Sch Bldg Corp Ad Valorem | 1.23% |
| 9 | — | Seattle Wash Mun Lt & Pwr Rev Impt Bds 2020 A | 1.22% |
| 10 | — | Port Tacoma Wash Ltd Tax Go Ref Bds 2016 A | 1.14% |
| 11 | — | Maury Cnty Tenn Go Bds 2025 13/MAR/2025 | 1.10% |
| 12 | — | Wppi Energy Wis Pwr Supply Sys Rev Bds 2024A | 1.09% |
| 13 | — | Milwaukee Cnty Wis Arpt Rev Ref Bds 2019 A | 0.99% |
| 14 | — | Coral Gables Fla Cap Impt Rev Ref Bds 2021 B | 0.99% |
| 15 | — | Washington St Mvft Vrf Go Bds 2021 F 04/MAY/2021 | 0.97% |
| 16 | — | Chelan Cnty Wash Pub Util Dist No 001 Cons Rev Sys | 0.96% |
| 17 | — | Champaign Coles Et Al Cntys Ill Cmnty College Dist | 0.95% |
| 18 | — | Nevada St Hwy Impt Rev Bds 2018 05/JUN/2018 | 0.95% |
| 19 | — | Chicago Ill Wtr Rev Second Lien Ref Bds 2024A | 0.95% |
| 20 | — | Okaloosa Cnty Fla Cap Impt Rev Ref Bds 2025B | 0.91% |
| 21 | — | Indiana St Fin Auth Rev St Revolving Fd Prog Bds | 0.90% |
| 22 | — | Indiana St Fin Auth Rev Revolving Fd Prog Bds | 0.90% |
| 23 | — | Gallatin Tenn Gas Sys Rev Bds 2024 05/SEP/2024 | 0.84% |
| 24 | — | Madison Bond Etc Cntys Ill Cmnty Unit Sch Dist No | 0.79% |
| 25 | — | Indiana St Fin Auth Rev Revolving Fd Prog Bds | 0.78% |
| 26 | — | Auburn Me Go Bds 2021 03/MAY/2021 01/NOV/2028 4% | 0.77% |
| 27 | — | Central Vy Wtr Reclamation Fac Utah Swr Rev Bds | 0.72% |
| 28 | — | Idaho Energy Res Auth Pwr Supply Rev Bds 2024 | 0.72% |
| 29 | — | Kearns Utah Impt Dist Wtr & Swr Rev Ref Bds 2021 | 0.70% |
| 30 | — | Peoria Cnty Ill Go Ref Bds 2022 11/AUG/2022 | 0.70% |

Source: etf.net, https://etf.net/etf/MUNA. Please cite the page URL.