Northern Trust 2056 Tax-Exempt Distributing Ladder ETF

Frequently Asked Questions About MUNH

What does MUNH invest in?

An innovative cash flow management tool designed to provide investors with tax-exempt monthly income and annual return of principal. The fund invests in a portfolio of high-quality, investment-grade municipal bonds with staggered maturity dates through the year 2056.

What is the expense ratio of MUNH?

Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) 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 MUNH?

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

What is the credit quality of MUNH?

MUNH'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 MUNH?

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

Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) 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.