Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
$97.61+0.63 (+0.65%)
- 0.18%
- $4M
- −2.3%
- 3.82%
- 0M sh
- $96.88
- low $95.25high $107.17
The ETF.net MUND Grade
D
Score 38 out of 100
- 23 of 32
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 39
- This cap took
- −0
- Published Score
- 38
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.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 23 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 26 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 26 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 29 of 32
Our read on MUND
DA municipal bond ladder in one ticket: bonds maturing on a schedule through 2055, federally tax-exempt income paid monthly, and principal handed back as rungs mature. Built to wind down by its terminal year, not run forever.
The Fund seeks periodic distributions of federally tax-exempt income and/or principal through 2055. It uses a laddered strategy investing in municipal debt instruments with different maturity dates through the 2055 terminal year.
Why people hold it
- Works like an actual ladder: munis with staggered maturities through the 2055 terminal year, paying tax-exempt income monthly and returning principal as bonds come due.
- Costs 0.18% a year, below the 0.30% median for muni bond ETFs. Cheap for a structured, dated strategy rather than a plain index scoop.
- Spreads the rungs across about 100 US municipal positions, so no single issuer or maturity carries the ladder.
Worth knowing
- Payouts blend tax-exempt interest with returned principal, and return of capital is disclosed. The distribution is not all yield, and net asset value is designed to shrink toward 2055.
- Launched in 2025, still small and thinly traded. Wider bid-ask spreads are the trade-off for a niche structure this new.
- Without the 2055 end date, broad muni staples are cheaper and far more heavily traded: VTEB at 0.03% and MUB at 0.05%.
MUND Holdings
- Bonds
- 98
- 22%
- Cash
Geography
- United States100.00%
MUND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MUND$9,773
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 | MUND |
|---|---|
| Year to date | −3.4% |
| 1 month | −1.8% |
| 3 months | −4.9% |
| 1 year | −2.3% |
| 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 | MUND |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +4.3% |
MUND in the news
MUND Dividends
- 3.82%
- $3.70
- $0.19 per share
- Monthly
Distribution history
MUND Risk
- 5.6%
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.
- −0.61
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.
- −8.0%
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.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUND Cost
0.18%
MUND0.18%
- 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
- CMUNBNorthern Trust 2035 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −1.1%
- DMYMKState Street My2031 Municipal Bond ETFExpense ratio 0.20%1 year return −0.5%
- DMUNCNorthern Trust 2045 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −2.2%
- DMYMGState Street My2027 Municipal Bond ETFExpense ratio 0.20%1 year return +2.2%
- DMYMIState Street My2029 Municipal Bond ETFExpense ratio 0.20%1 year return −0.6%