Key stats
About Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
Home page
Inception date
Aug 18, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Northern Funds Distributors LLC
ISIN
US6651621863
MUNA is an actively managed fund that employs a laddered bond strategy. The portfolio consists of US investment grade municipal bonds across different maturities whose interest is exempt from regular federal income tax. This may include general, revenue, and moral obligation bonds, industrial development bonds, and tax-exempt derivative instruments. Initially, the fund invests in approximately equal proportions across five rungs, with clusters of maturities, throughout 2026 and each subsequent year, until the terminal year of 2030. As the bonds in a rung reach their final maturity, a cash distribution is made out of the available proceeds, which will primarily consist of the par value received from the maturing bonds and may include a return of capital. The fund liquidates upon the final rung's maturity in 2030, distributing substantially all its assets. MUNA is not a target date fund and does not aim to provide a more conservative investment approach over time.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MUNA trades at 100.35 USD today, its price has risen 0.15% in the past 24 hours. Track more dynamics on MUNA price chart.
MUNA net asset value is 100.37 today — it's risen 0.27% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MUNA assets under management is 5.01 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MUNA fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MUNA invests in bonds. See more details in our Analysis section.
MUNA expense ratio is 0.18%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MUNA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MUNA pays dividends to its holders with the dividend yield of 0.90%.
MUNA trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MUNA shares are issued by Northern Trust Corp.
MUNA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 18, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.