---
ticker: "MUNG"
name: "Northern Trust 2046 Tax-Exempt Distributing Ladder ETF"
url: "https://etf.net/etf/MUNG"
grade: null
no_grade_reason: "Not yet graded"
methodology: "https://etf.net/methodology"
---

# MUNG: Northern Trust 2046 Tax-Exempt Distributing Ladder ETF

Not graded: 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.

## Top holdings

The fund holds 183 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Idaho Bd Bk Auth Rev Ref Bds 2026A 27/MAY/2026 | 2.38% |
| 2 | — | Rutherford Cnty Tenn Gen Oblig Ref Bds 2026 | 2.25% |
| 3 | — | Cash | 2.15% |
| 4 | — | Washington St Var Purp Go Bds 2021 C 25/FEB/2021 | 2.10% |
| 5 | — | Carrollton Ga Indpt Sch Sys Gen Oblig Bds B | 2.08% |
| 6 | — | Illinois St Sales Tax Rev Jr Oblig Build Bds | 1.98% |
| 7 | — | Kentucky St Tpk Auth Economic Dev Rd Rev Ref Bds | 1.74% |
| 8 | — | Indiana St Fin Auth Rev Revolving Fd Prog Bds | 1.59% |
| 9 | — | Granite Sch Dist Utah Salt Lake Cnty Go Bldg Bds | 1.57% |
| 10 | — | St Johns Cnty Fla Spl Oblig Rev Ref Bds 2025 | 1.53% |
| 11 | — | St Johns Cnty Fla Spl Oblig Rev Ref Bds 2025 | 1.38% |
| 12 | — | Northeast Wis Technical College Dist Wis Go Prom | 1.27% |
| 13 | — | Sales Tax Securitization Corp Ill Ref Bds 2024A | 1.24% |
| 14 | — | Marlboro Cnty S C Sch Dist Go Ref Bds 2024 | 1.24% |
| 15 | — | Pierce Cnty Wash Sch Dist No 401 Peninsula Unltd | 1.22% |
| 16 | — | Phoenix Ariz Civic Impt Corp Excise Tax Rev Sub | 1.20% |
| 17 | — | Northwest Tex Indpt Sch Dist Unltd Tax Bldg Bds | 1.19% |
| 18 | — | Chicago Ill O Hare Intl Arpt Rev Gen Sr Lien Bds | 1.19% |
| 19 | — | Memphis Tenn Gen Impt Bds 2026 04/MAR/2026 | 1.17% |
| 20 | — | Scott Cnty Ky Brd Ed Go Bds 2025 14/MAY/2025 | 1.15% |
| 21 | — | Salt Lake Cnty Utah Sales Tax Rev Bds 2025 | 1.12% |
| 22 | — | St Petersburg Fla Pub Util Rev Bds 2025 C | 1.11% |
| 23 | — | Mount Prospect Ill Pk Dist Gen Oblig Bds 2025 C | 1.10% |
| 24 | — | Cleburne Tex Indpt Sch Dist Unltd Tax Ref Bds 2026 | 1.09% |
| 25 | — | Luzerne Cnty Pa Go Bds 2017A 01/NOV/2017 | 1.06% |
| 26 | — | Brevard Cnty Fla Sch Brd Ctfs Partn Ref Cops 2025 | 1.04% |
| 27 | — | Seattle Wash Mun Lt & Pwr Rev Impt Ref Bds 2024 | 1.02% |
| 28 | — | Pearland Tex Indpt Sch Dist Unltd Tax Bldg Ref Bds | 1.01% |
| 29 | — | District Columbia Go Bds 2024C 02/OCT/2024 | 1.00% |
| 30 | — | Fox Vy Pk Dist Ill Go Ltd Tax Bds 2025 25/SEP/2025 | 1.00% |

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