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MUNH

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

Northern Trust 2056 Tax-Exempt Distributing Ladder ETF

Target Maturity Bond · FlexShares · Inception 2026-08-25 · SEC filings

$97.14+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Aug 25, 2026.History starts Aug 25, 2026.History starts Aug 25, 2026.History starts Aug 25, 2026.
Intraday session: down, 5 prints from 97.88 to 97.14. Range 97.14 to 97.88. Use the arrow keys to read each point.$97.40$97.60$97.80Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.18%
Fund size
$10M
1Y return
—
Yield · Last 12 months
—
Holdings
138
Volume · 30D
0M sh
NAV per share
$97.36
52W range
low $97.14high $100.20

MUNH Holdings

As of Sep 20, 2026, 7:05 AM
Asset class
Bonds
Holdings
138
Top-10 weight
15%
Largest holding
CASH2.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 10.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASH2.61%254,135$254K414
002—PITKIN CNTY COLO SOLID WASTE CTR ENTERPRISE REV1.79%160,000$174K1
003—PIERCE CNTY WASH SCH DIST NO 320 SUMNER UNLTD TAX1.71%160,000$166K1
004—FREEDOM WIS AREA SCH DIST OUTAGAMIE CNTY GEN OBLIG1.42%150,000$139K1
005—MUSCATINE IOWA ELEC REV ELEC REV BDS 2026A1.41%130,000$137K1
006—KANSAS ST DEV FIN AUTH REV REVOLVING FDS BDS1.40%125,000$137K1
007—FAYETTE CNTY KY BRD ED REF GO BDS 2025 10/JUN/20251.40%130,000$136K1
008—SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS REV1.30%120,000$127K1
009—OAKLAND UNIV MICH REV GEN OBLIG REF BDS 2026A1.21%110,000$117K1
010—INDIANAPOLIS IND LOC PUB IMPT BD BK REV REF BDS1.19%110,000$116K1
011—CHICAGO ILL PK DIST GO LTD TAX REF BDS 2024B1.17%110,000$114K1
012—NEBRASKA ST HWY COMMN HWY IMPT REV BDS 2026A1.12%100,000$109K1
013—ROSELLE ILL PUB LIBR DIST GO BDS 2025 10/MAR/20251.12%105,000$109K1
014—GREENWOOD IND SCH BLDG CORP AD VALOREM PPTY TAX1.10%100,000$108K1
015—HURON VALLEY MICH SCH DIST GEN OBLIG UNLTD TAX1.10%105,000$107K2

Showing 1–15 of 138 holdings

MUNH Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MUNH$9,985
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,236
Sep 15, 2026 to Sep 22, 2026. MUNH $9,985. SPY $10,236. Use the arrow keys to read each point.$9,933$10,097$10,261Sep 15Sep 18Sep 22

Sep 15, 2026 – Sep 22, 2026

Returns run to the last market 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 MUNH. Periods over one year show the average yearly return.
PeriodMUNH
Year to dateFund launched this year—
1 monthFund is under 1 month old—
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

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 MUNH
YearReturn barMUNH
2026 YTD−3.1%

Since listing, Aug 25, 2026

MUNH in the news

ETF.net Research hasn’t filed on MUNH yet — coverage lands here as it’s written.

MUNH 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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Aug 2026. No distributions yet.

MUNH 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.
—
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.

MUNH 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.

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