Northern Trust 2055 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUND

What does MUND invest in?

This ETF is designed to deliver consistent payouts, derived from income that is exempt from regular federal income tax and/or a return of original capital, with its final distributions scheduled for 2055. It caters to investors seeking a structured plan to systematically draw down their investment, providing tax-advantaged monthly income and annual principal repayments, which can help manage recurring expenses over an approximate thirty-year period.

What is the expense ratio of MUND?

Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is MUND's dividend yield?

MUND's trailing-twelve-month yield is 3.86%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MUND?

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

What is the credit quality of MUND?

MUND'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 MUND?

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