MUNCNorthern Trust 2045 Tax-Exempt Distributing Ladder ETF
Seeks to provide periodic distributions consisting of income exempt from regular federal income tax and/or principal through 2045.
By Northern Trust · Launched 2025
Annual Cost
0.18%
#794 of 6,040 · low cost
Fund Size
$8M
#5,081 of 6,040 · small
Return (1Y)
-0.7%
Track Record
1 year
#4,578 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$9,931-0.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 25.2% of funddiversified
Utility Debt Securitization Authority
3.3%
City of Sun Prairie WI
3.3%
Los Angeles Department of Water & Power
3.2%
County of Wake NC
3.1%
New Jersey Transportation Trust Fund Authority
2.6%
City of Manhattan KS
2.6%
Central Florida Tourism Oversight District
1.9%
County of Baltimore MD
1.9%
Ferris State University
1.8%
Metropolitan Water Reclamation District of Greater Chicago
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-4.5%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide periodic distributions consisting of income exempt from regular federal income tax and/or principal through 2045.
- Strategy
- Employs a laddered bond strategy, investing in tax-exempt debt instruments with varying maturities through 2045 to provide periodic distributions. Primarily invests in investment grade tax-exempt bonds issued by U.S. states and territories.
- Inception date
- August 18, 2025
- Fund family
- Northern Trust
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Data updated on 2026-09-18