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Launched

Northern Trust 2055 Tax-Exempt Distributing Ladder ETF

MUNDNYSE ArcaFlexSharesC

$101.37−0.48 (−0.48%)

As of Nov 10, 2026, 10:13 AM ET

C41/ 100

Rank 21 of 32 in Defined-Maturity Municipal

C41/100Rank 21 of 32inDefined-Maturity Municipal
Intraday session: down, 8 prints from 101.85 to 101.37. Range 101.28 to 101.86. Use the arrow keys to read each point.101.30101.50101.60101.7010 AM12 PM2 PM4 PM
Expense ratio
0.18%
Fund size
$10M
1Y total return
+2.2%
Yield · Last 12 months
3.61%
Holdings
190
Avg volume · 30D
1.74K sh
52W range
low $95.25high $107.17
Launched

The ETF.net MUND Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Defined-Maturity Municipal⁠
Rank
21 of 32
Six-pillar profile for MUND. Scores out of 100: Cost 45, Risk 32, Mission not scored, Tradability 33, Holdings 56, Durability 37. Strongest: Holdings (56). Weakest: Risk (32). Based on 5 of 6 pillars.

Score 41 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 100
    Rank 10 of 32

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 26 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 27 of 32

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 22 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 25 of 32

Our read on MUND

ETF.net Research

In short

CA 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.

Stated mandate

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

Holdings pillarB56 out of 100Rank 22 of 32 in Defined-Maturity Municipal
Asset class
Bonds
Holdings
190
Top-10 weight
17%
Largest holding
Cash2.9%

Sectors

  • Municipal100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCash2.90%294,227$294K428
2No dataPennsylvania St Tpk Commn Tpk Rev Bds 2025A2.02%200,000$205K2
3No dataNew York St Dorm Auth Sales Tax Rev St Supported1.89%190,000$192K6
4No dataMassachusetts Bay Transn Auth Mass Sales Tax Rev1.64%160,000$166K4
5No dataNew Mexico Fin Auth Rev Sr Lien Pub Proj Revolving1.46%130,000$148K1
6No dataHouston Tex Indpt Sch Dist Tax Ref Bds 20251.44%130,000$146K1
7No dataSouth Dakota Conservancy Dist Rev St Revolving Fd1.39%130,000$142K1
8No dataSpokane Cnty Wash Sch Dist No 356 Cent Vy Unltd1.34%120,000$136K1
9No dataIllinois St Univ Revs Auxiliary Facs Sys Ref Bds1.29%120,000$131K2
10No dataTri-St Fire Protn Dist Ill Gen Oblig Bds 20261.26%120,000$128K1
11No dataNorthwest Tex Indpt Sch Dist Unltd Tax Bldg Bds1.25%125,000$127K2
12No dataCrystal City Tex Indpt Sch Dist Unltd Tax Ref Bds1.13%105,000$115K1
13No dataOklahoma City Okla Wtr Utils Tr Util Sys Rev Ref1.12%110,000$113K1
14No dataEdinburg Tex Cons Indpt Sch Dist Unltd Tax Ref Bds1.03%95,000$105K2
15No dataDistrict Columbia Income Tax Rev Secd Bds 2026A1.03%100,000$104K4

Showing 1–15 of 190 holdings

MUND Performance

Launched Aug 18, 2025

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$10,222
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. MUND $10,222. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for MUND. Periods over one year show the average yearly return.
PeriodMUND
Year to date+1.8%
1 month+5.2%
3 months+0.8%
1 year+2.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MUND
YearReturn barMUND
2026 YTD+1.8%
2025+4.3%

History from Aug 19, 2025

MUND in the news

MUND Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.61%Last 12 months
Payout per share
$3.67Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.12; Oct 1, 2025 $0.31; Nov 3, 2025 $0.31; Dec 1, 2025 $0.31; Dec 19, 2025 $0.31; Feb 2, 2026 $0.31; Mar 2, 2026 $0.27; Apr 1, 2026 $0.33; May 1, 2026 $0.30; Jun 1, 2026 $0.31; Jul 1, 2026 $0.41; Aug 3, 2026 $0.34; Sep 1, 2026 $0.30; Oct 1, 2026 $0.19; Nov 2, 2026 $0.28. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 6, 2026$0.28
Oct 1, 2026Oct 7, 2026$0.19
Sep 1, 2026Sep 8, 2026$0.30
Aug 3, 2026Aug 7, 2026$0.34
Jul 1, 2026Jul 8, 2026$0.41
Jun 1, 2026Jun 5, 2026$0.31
May 1, 2026May 7, 2026$0.30
Apr 1, 2026Apr 7, 2026$0.33
Mar 2, 2026Mar 6, 2026$0.27
Feb 2, 2026Feb 6, 2026$0.31
Dec 19, 2025Dec 26, 2025$0.31
Dec 1, 2025Dec 5, 2025$0.31

See all 15 payments⁠

$10,000 in MUND 1 year ago paid $355 in dividends.⁠

MUND Risk

Risk pillarD32 out of 100Rank 26 of 29 in Defined-Maturity Municipal
How much the fund’s monthly returns vary, scaled to a year.
6.8%
Annualised · 14 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.05
vs 3-month T-bills · 14 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−8.0%
14 months · trough Sep 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MUND Cost

Compare MUND and IBMQ

Overpaying vs IBMQ, tied cheapest in Defined-Maturity Municipal

$1,643

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MUND 0.18%

    $3,749

  • IBMQ 0.10% Tied cheapest

    $2,106

$10,000
30 years

Cost over time

  • MUND 0.18%
  • IBMQ 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530MUND $3,749IBMQ $2,106

Year by year

YearMUNDIBMQOverpaying
10$328$183$145
20$1,281$717$564
30$3,749$2,106$1,643

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