Northern Trust 2035 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNB

What does MUNB invest in?

This fund aims to deliver consistent payouts, which include income exempt from federal taxes and/or a return of principal, with distributions concluding in 2035. It is particularly suited for investors who seek a systematic approach to draw down their investment to cover ongoing expenses, achieving this by disbursing tax-advantaged monthly income alongside annual principal payments.

What is the expense ratio of MUNB?

Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUNB's dividend yield?

MUNB's trailing-twelve-month yield is 2.39%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MUNB?

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

What is the credit quality of MUNB?

MUNB'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 MUNB?

Yield to maturity (YTM) is the total return you'd earn from MUNB if every bond in the portfolio is held to maturity at the current price. MUNB'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.