Northern Trust 2045 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNC

What does MUNC invest in?

This fund aims to provide consistent distributions, comprising federally tax-exempt income or principal, through the year 2045. It is well-suited for investors who employ a spend-down strategy to cover their recurring expenditures, benefiting from a twenty-year horizon of tax-free monthly income and annual principal payouts.

What is the expense ratio of MUNC?

Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUNC's dividend yield?

MUNC's trailing-twelve-month yield is 3.33%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MUNC?

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

What is the credit quality of MUNC?

MUNC'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 MUNC?

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