---
ticker: "MUND"
name: "Northern Trust 2055 Tax-Exempt Distributing Ladder ETF"
url: "https://etf.net/etf/MUND"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "23 of 32"
methodology: "https://etf.net/methodology"
---

# MUND: Northern Trust 2055 Tax-Exempt Distributing Ladder ETF

Grade **D**, Score 38 of 100. Rank 23 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 45 | 10 of 32 |
| Mission | Not scored | — |
| Risk | 36 | 23 of 29 |
| Tradability | 31 | 26 of 32 |
| Holdings | 42 | 26 of 32 |
| Durability | 29 | 29 of 32 |

## Top holdings

The fund holds 98 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash | 5.43% |
| 2 | — | Greer S C Corp Forgreer Installment Pur Rev Bds | 2.19% |
| 3 | — | Clay Jackson & Platte Cntys Mo Cons Pub Libr Dist | 1.77% |
| 4 | — | North Tex Twy Auth Rev Sys Ref First Tier Bds 2023 | 1.77% |
| 5 | — | Utah St Mun Pwr Agy Pwr Supply Sys Rev Ref Bds | 1.77% |
| 6 | — | Rhode Is Health & Edl Bldg Corp Pub Schs Rev Fing | 1.77% |
| 7 | — | Tri-St Fire Protn Dist Ill Gen Oblig Bds 2026 | 1.76% |
| 8 | — | University South Ala Univ Revs Facs Bds 2021 | 1.75% |
| 9 | — | Illinois St Univ Revs Auxiliary Facs Sys Ref Bds | 1.75% |
| 10 | — | Oklahoma Transn Auth Ok F/K/A Oklahoma St Tpk Auth | 1.74% |
| 11 | — | Jonesboro Ark City Wtr & Lt Plt Pub Util Sys Rev | 1.74% |
| 12 | — | Grand Rapids Mich Pub Schs Gen Oblig Unltd Tax Ref | 1.73% |
| 13 | — | Georgia St Higher Ed Facs Auth Rev Bds 2026B | 1.73% |
| 14 | — | Regional Transn Dist Colo Ctfs Partn Cops 2020 | 1.72% |
| 15 | — | Ouachita Parish La East Ouachita Parish Sch Dist | 1.71% |
| 16 | — | Huntsville Ala Gen Oblig Wts 2026 C 26/MAR/2026 | 1.70% |
| 17 | — | Wisconsin St Go Bds 2024A 28/FEB/2024 01/MAY/2027 | 1.69% |
| 18 | — | Salt Riv Proj Agric Impt & Pwr Dist Ariz Elec Sys | 1.69% |
| 19 | — | Clark Cnty Nev Sch Dist Ltd Tax Gen Oblig Bldg Ref | 1.69% |
| 20 | — | Manatee Cnty Fla Sch Brd Ctfs Partn Cops 2026A | 1.68% |
| 21 | — | New York N Y City Transitional Fin Auth Rev Future | 1.68% |
| 22 | — | Owensboro-Daviess Cnty Ky Regl Wtr Res Agy | 1.68% |
| 23 | — | Akron-Summit Cnty Ohio Pub Libr Unltd Tax Gen | 1.68% |
| 24 | — | Great Lakes Wtr Auth Mich Sew Disp Sys Rev Bds | 1.66% |
| 25 | — | Dallas Cnty Tex Ctfs Oblig 2026 15/JUN/2026 | 1.65% |
| 26 | — | Metropolitan Govt Nashville & Davidson Cnty Tenn | 1.63% |
| 27 | — | North Tex Mun Wtr Dist Tex Regl Wastewtr Sys | 1.61% |
| 28 | — | New York St Dorm Auth Sales Tax Rev St Supported | 1.61% |
| 29 | — | Rock Island Cnty Ill Sch Dist No 040 Moline Cmnty | 1.49% |
| 30 | — | East Baton Rouge La Sew Commn Rev Ref Bds 2019 B | 1.48% |

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