Northern Trust 2046 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNG

What does MUNG invest in?

The fund seeks to achieve its investment objective by employing a laddered bond strategy. It invests in high-quality municipal bonds with different maturity dates, or rungs, through the year 2046. The fund is designed to provide investors tax-exempt monthly income and annual return of principal for the life of the fund. As bonds in a rung reach their final maturity, the fund generally will not reinvest the proceeds but will make a cash distribution to shareholders.

What is the expense ratio of MUNG?

Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG) 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 MUNG?

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

What is the credit quality of MUNG?

MUNG'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 MUNG?

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

Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG) manages $9.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.