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Launched · SEC filings

Northern Trust 2046 Tax-Exempt Distributing Ladder ETF

MUNGNYSE ArcaThe fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.

$96.270.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

Not yet graded
Intraday session: flat, 1 prints from 96.27 to 96.27. Range 96.27 to 96.27. Use the arrow keys to read each point.95.5096.0097.0010 AM12 PM2 PM4 PM
Expense ratio
0.18%
Fund size
$10M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
183
Avg volume · 30D
0M sh
NAV per share
$96.25
52W range
low $95.09high $100.20
Launched
Filings
SEC EDGAR

The ETF.net MUNG Grade

—

Not yet graded

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.

MUNG Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
183
Top-10 weight
19%
Largest holding
Idaho Bd Bk Auth Rev Ref Bds 2026A 27/MAY/20262.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Idaho Bd Bk Auth Rev Ref Bds 2026A 27/MAY/20262.38%215,000$229K1
002—Rutherford Cnty Tenn Gen Oblig Ref Bds 20262.25%200,000$216K1
003—Cash2.15%207,148$207K420
004—Washington St Var Purp Go Bds 2021 C 25/FEB/20212.10%195,000$202K2
005—Carrollton Ga Indpt Sch Sys Gen Oblig Bds B2.08%175,000$200K1
006—Illinois St Sales Tax Rev Jr Oblig Build Bds1.98%185,000$191K6
007—Kentucky St Tpk Auth Economic Dev Rd Rev Ref Bds1.74%160,000$168K5
008—Indiana St Fin Auth Rev Revolving Fd Prog Bds1.59%150,000$153K3
009—Granite Sch Dist Utah Salt Lake Cnty Go Bldg Bds1.57%145,000$151K2
010—St Johns Cnty Fla Spl Oblig Rev Ref Bds 20251.53%145,000$147K1
011—St Johns Cnty Fla Spl Oblig Rev Ref Bds 20251.38%125,000$133K1
012—Northeast Wis Technical College Dist Wis Go Prom1.27%120,000$123K1
013—Sales Tax Securitization Corp Ill Ref Bds 2024A1.24%120,000$120K3
014—Marlboro Cnty S C Sch Dist Go Ref Bds 20241.24%115,000$119K1
015—Pierce Cnty Wash Sch Dist No 401 Peninsula Unltd1.22%115,000$117K1

Showing 1–15 of 183 holdings

MUNG Performance

Launched Aug 25, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
MUNG$9,837
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,206
Sep 11, 2026 to Oct 12, 2026. MUNG $9,837. SPY $10,206. Use the arrow keys to read each point.$9,642$9,952$10,262Sep 11Sep 25Oct 12

Sep 11, 2026 – Oct 12, 2026

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.

Trailing total return for MUNG. Periods over one year show the average yearly return.
PeriodMUNG
Year to dateFund launched this year—
1 month−1.6%
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 MUNG
YearReturn barMUNG
2026 YTD−3.6%

Since listing, Aug 25, 2026

MUNG in the news

Filtered to MUNG · Defined-Maturity Municipal

MUNG Dividends

Last payment
$0.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Oct 1, 2026 $0.32. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 7, 2026$0.32

MUNG Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Aug 2026; fills in after 12 months
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.
—
Launched Aug 2026; fills in after 12 months
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.
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Launched Aug 2026; fills in after 12 months
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.
0.00
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.

MUNG Cost

Expense ratio0.18%
  • The middle half of Defined-Maturity Municipal funds
  • Median 0.18%

9 of the 32 Defined-Maturity Municipal funds charge less.

MUNG costs $18.00 a year on $10,000. The median Defined-Maturity Municipal fund costs $18.00.

Other funds in Defined-Maturity Municipal

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