Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
$97.660.00 (0.00%)
- 0.18%
- $14M
- −1.1%
- 2.41%
- 0M sh
- $97.53
- low $96.52high $102.82
The ETF.net MUNB Grade
C
Score 40 out of 100
- 21 of 32
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 10 of 32Mission
Whether the fund did what it promised, tested against its stated mandate.F20 out of 100Rank 16 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 17 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 18 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 12 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 19 of 32
Our read on MUNB
CNot a one-and-done maturity fund: MUNB packs a ten-rung municipal ladder into one ticker, paying monthly federally tax-exempt income, returning principal each year as rungs mature, then liquidating in 2035.
The Fund seeks periodic distributions through 2035 consisting of federally tax-exempt income and/or principal. It uses a laddered municipal-bond strategy with maturities spread across annual rungs through the terminal year.
Why people hold it
- One ticker holds a ten-rung muni ladder running to 2035: monthly federally tax-exempt income, plus principal paid back each year as rungs mature. No rolling bonds yourself.flexshares.comntam.northerntrust.com
- Bonds are generally held to maturity and the proceeds distributed rather than reinvested, so the cash-flow pattern is set by the ladder itself.flexshares.com
- Actively run by Northern Trust's muni team across a few hundred bonds, with the annual rungs funded in roughly equal par amounts.flexshares.com
Worth knowing
- Runs 0.18% against a 0.10% median for target-maturity bond funds. Taxable rungs like IBTJ (0.07%) and BSCT (0.10%) cost less, but their income is not tax-exempt.
- Share price is built to grind down as principal comes back, and distributions can include return of capital, which lowers your cost basis for later.flexshares.comflexshares.com
- Launched in 2025, still small and thinly traded, so bid-ask spreads can be wider than in the big term-bond families.
MUNB Holdings
- Bonds
- 256
- 12%
- District Columbia Rev Federal Hwy Grant Antic Bds
Geography
- United States100.00%
MUNB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MUNB$9,888
Returns run to the Oct 12, 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 | MUNB |
|---|---|
| Year to date | −1.7% |
| 1 month | −0.9% |
| 3 months | −2.4% |
| 1 year | −1.1% |
| 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 | MUNB |
|---|---|---|
| 2026 YTD | −1.7% | |
| 2025 | +1.9% |
MUNB in the news
MUNB Dividends
- 2.41%
- $2.36
- $0.20 per share
- Monthly
Distribution history
MUNB Risk
- 4.1%
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.
- −1.09
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.
- −4.8%
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.
- 0.15
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUNB Cost
0.18%
MUNB0.18%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.
Other funds in Defined-Maturity Municipal
- CBSSXInvesco BulletShares 2033 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%
- CBSMZInvesco BulletShares 2035 Municipal Bond ETFExpense ratio 0.18%1 year return −3.3%
- DMYMKState Street My2031 Municipal Bond ETFExpense ratio 0.20%1 year return −0.5%
- DMUNDNorthern Trust 2055 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −2.3%
- DMUNCNorthern Trust 2045 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −2.2%