Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNA

What does MUNA invest in?

This Fund aims to deliver a steady stream of payments, consisting of income that is exempt from regular federal taxation and/or segments of the original capital, with the final distributions occurring by 2030. It is tailored for individuals who wish to systematically draw down their investments to cover ongoing financial commitments, by receiving federally tax-free income monthly and annual principal disbursements over a five-year period.

What is the expense ratio of MUNA?

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUNA's dividend yield?

MUNA's trailing-twelve-month yield is 2.24%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MUNA?

Effective duration measures MUNA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MUNA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MUNA?

MUNA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MUNA?

Yield to maturity (YTM) is the total return you'd earn from MUNA if every bond in the portfolio is held to maturity at the current price. MUNA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.