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About Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
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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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MUNA assets under management is 5.01 M USD. It's risen 0.22% over the last month.
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.
Yes, MUNA pays dividends to its holders with the dividend yield of 0.90%. The last dividend (Sep 8, 2025) amounted to 0.08 USD. The dividends are paid monthly.
MUNA shares are issued by Northern Trust Corp. under the brand Northern Funds. The ETF was launched on Aug 18, 2025, and its management style is Active.
MUNA expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
MUNA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MUNA invests in bonds.
MUNA trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.