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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

MUNA | Active ETF

$100.41

$5 M

2.37%

$2.38

0.18%

Vitals

YTD Return

1.2%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$5 M

Holdings in Top 10

22.5%

52 WEEK LOW AND HIGH

$100.5
$99.71
$100.88

Expenses

OPERATING FEES

Expense Ratio 0.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

MUNA | Active ETF

$100.41

$5 M

2.37%

$2.38

0.18%

MUNA - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
  • Fund Family Name
    Northern Trust
  • Inception Date
    Aug 19, 2025
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"The Fund seeks to achieve its investment objective by employing /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"a “laddered” bond strategy, pursuant to which the Fund /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"invests/spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt; line-height: 12.50pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"in debt instruments that pay interest that is exempt from regular /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"federal income tax with different maturity dates (or “rungs”) /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"through the year 2030 (the “terminal year”). Generally, NTI /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"implements the Fund’s laddered bond strategy by investing the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Fund’s assets in approximately equal proportions (as measured /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"by par value) across the existing rungs at the time of investment /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"to provide periodic distributions to /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Fund shareholders/spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;" in the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"form of income and/or principal (based upon par value of the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"underlying bonds) each year through the terminal year. The /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Fund/spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"’/spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"s portfolio is currently/spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;" comprised of five rungs with /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"clusters of maturities throughout 2026, 2027, 2028, 2029 and /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"2030. As the bonds in a rung reach their final maturity, the Fund /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"generally will not reinvest the proceeds in bonds with maturities /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"in future rungs. The Fund will make a cash distribution out of /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"the available proceeds to Fund shareholders which will primarily /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"consist of the par value received from the maturing bonds and /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"may include a return of capital. Any such return of capital /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"distribution, which involves the return of a portion of a /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"shareholder’s investment, may be substantial. Upon conclusion /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"of the final rung in the terminal year, the Fund will liquidate and /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"distribute substantially all of its assets as described more fully /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"below./spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Under normal circumstances, the Fund will invest at least 80% /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"of its net assets (plus the amount of any borrowings for /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"investment purposes) in debt instruments that pay interest that /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"is exempt from regular federal income tax (“tax-exempt /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"bonds”). A tax-exempt bond is a fixed-income obligation issued /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"by a state, territory or possession of the United States (including /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"the District of Columbia) or a political subdivision, agency or /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"instrumentality thereof. The tax-exempt bonds in which the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Fund invests may include:/spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div ▪General obligation bonds secured by the issuer’s full faith, credit and taxing power;▪Revenue obligation bonds payable from the revenues derived from a particular facility or class of facilities;▪Industrial development bonds;▪Moral obligation bonds;▪Tax-exempt derivative instruments;▪Stand-by commitments;▪Municipal instruments backed by letters of credit, insurance or other forms of credit enhancement issued by domestic or foreign banks, insurance companies and other financial institutions; and▪Variable rate demand obligations. div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"The Fund primarily invests in investment grade tax-exempt /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"bonds that are rated within the top three rating categories by a /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Nationally Recognized Statistical Rating Organization /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"(“NRSRO”) or of comparable quality as determined by NTI. /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Credit ratings are determined at the time of purchase./spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"The Fund will liquidate on or about the final maturity date of the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"underlying bonds in the terminal year and the Fund will seek to /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"distribute substantially all of its assets at that time. The Fund will /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"liquidate without requiring additional approval by the Trust’s /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Board of Trustees or shareholders of the Fund, although the /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Fund reserves the ability to change the liquidation date./spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"The Fund is not a “target date fund,” and therefore its investment /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"strategy does not become increasingly conservative over time./spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div div style="margin-top: 6pt;"span style="color: #000000; font-family: times new roman; font-size: 9.5pt;"The Fund is “non-diversified” under the Investment Company /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"Act of 1940, as amended (the “1940 Act”), and may invest more /spanspan style="color: #000000; font-family: times new roman; font-size: 9.5pt;"of its assets in fewer issuers than “diversified” funds./spanspan style="color: #000000; font-family: times new roman; font-size: 6pt; line-height: 6.00pt;" /span/div
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MUNA - Performance

Return Ranking - Trailing

Period MUNA Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period MUNA Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MUNA Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MUNA Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

MUNA - Holdings

Concentration Analysis

MUNA Category Low Category High MUNA % Rank
Net Assets 5 M N/A N/A N/A
Number of Holdings 138 N/A N/A N/A
Net Assets in Top 10 1.58 M N/A N/A N/A
Weighting of Top 10 22.54% N/A N/A N/A

Top 10 Holdings

  1. Nevada System of Higher Education, Series 2018A 2.80%
  2. Wisconsin Department of Transportation, Series 2017-2 2.66%
  3. Wyandotte County-Kansas City Unified Government, Series 2021A 2.66%
  4. County of New Castle, Series 2025 2.60%
  5. Cook County School District No. 63, Series 2019 2.39%
  6. City of Morristown, Series 2019B 2.27%
  7. Goose Creek Consolidated Independent School District, Series 2019A 2.04%
  8. County of Hamilton, Series 2021A 1.93%
  9. State of North Carolina, Series 2019A 1.69%
  10. Fort Worth Independent School District, Series 2019B 1.49%

Asset Allocation

Weighting Return Low Return High MUNA % Rank
Bonds 		98.16% N/A N/A N/A
Cash 		1.84% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High MUNA % Rank
Derivative 		0.00% N/A N/A N/A
Cash & Equivalents 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High MUNA % Rank
US 		98.16% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

MUNA - Expenses

Operational Fees

MUNA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% N/A N/A N/A
Management Fee 0.18% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MUNA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

MUNA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MUNA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

MUNA - Distributions

Dividend Yield Analysis

MUNA Category Low Category High MUNA % Rank
Dividend Yield 2.37% N/A N/A N/A

Dividend Distribution Analysis

MUNA Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

MUNA Category Low Category High MUNA % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

MUNA Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

MUNA - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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