Northern Trust 2036 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNF

What does MUNF invest in?

An actively managed exchange-traded fund that employs a laddered bond strategy. It invests in high-quality, tax-exempt municipal bonds with maturities laddered through the year 2036. The fund is designed to provide monthly tax-exempt income and distribute principal annually until it liquidates after its terminal year.

What is the expense ratio of MUNF?

Northern Trust 2036 Tax-Exempt Distributing Ladder ETF (MUNF) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of MUNF?

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

What is the credit quality of MUNF?

MUNF'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 MUNF?

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

How big is MUNF?

Northern Trust 2036 Tax-Exempt Distributing Ladder ETF (MUNF) manages $4.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.