MUNB Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
Quote as of Oct 09, 2026 13:46 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 97.14 | Day Range | 97.14 – 97.21 |
| 52-Week Range | 96.52 – 102.82 | Volume | 9 |
| Avg Volume | 937 | AUM | $13.6M (Oct 10, 2026) |
| Expense Ratio | 0.18% | Yield (TTM) | 2.43% |
| NAV | 97.06 | Premium/Discount | +0.08% indicative |
| Inception | Aug 18, 2025 | Holdings | 256 |
| Issuer | FlexShares | Exchange | AMEX |
| Category | Bonds | Index Tracked | Not stated in source data |
| CUSIP | 665162178 | ISIN | US6651621780 |
| Management | Not stated in source data | ||
About this ETF
This fund aims to deliver consistent payouts, which include income exempt from federal taxes and/or a return of principal, with distributions concluding in 2035. It is particularly suited for investors who seek a systematic approach to draw down their investment to cover ongoing expenses, achieving this by disbursing tax-advantaged monthly income alongside annual principal payments.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -1.49% | -3.04% | -3.21% | -3.39% | -3.30% | — | — | — | -2.42% |
| Total return | -1.49% | -2.83% | -2.47% | -2.13% | -1.43% | — | — | — | -0.26% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.18% | Annual cost of a $10,000 investment | $18.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 256 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | DISTRICT COLUMBIA REV FEDERAL HWY GRANT ANTIC… | — | 1.54% | 210.00K | $210.4K |
| 2 | CENTRAL FLA EXPWY AUTH SR LIENREV REF BDS 2021 | — | 1.45% | 190.00K | $197.6K |
| 3 | CASH | — | 1.44% | 196.62K | $196.6K |
| 4 | WASHINGTON ST CTFS PARTN COPS 2024A 27/FEB/2024 | — | 1.19% | 155.00K | $162.1K |
| 5 | DISTRICT COLUMBIA GO BDS 2023 B 23/MAR/2023 | — | 1.18% | 155.00K | $161.2K |
| 6 | LAS VEGAS VY NEV WTR DIST GO LTD TAX REF BDS… | — | 1.14% | 150.00K | $156.1K |
| 7 | GARDNER KANS GO BDS 2020A 28/MAY/2020… | — | 1.13% | 155.00K | $154.6K |
| 8 | RACINE CNTY WIS GO CORPORATE PURP BDS 2024A | — | 1.11% | 150.00K | $151.9K |
| 9 | NEW MEXICO FIN AUTH REV SR LIEN PUB PROJ… | — | 1.11% | 150.00K | $151.5K |
| 10 | DISTRICT COLUMBIA GO BDS 2023A 23/MAR/2023 | — | 1.10% | 145.00K | $150.0K |
| 11 | KING CNTY WASH SCH DIST NO 405 BELLEVUE UNLTD… | — | 1.06% | 140.00K | $144.8K |
| 12 | NEENAH WIS JT SCH DIST GO CORP PURP BDS | — | 1.03% | 140.00K | $140.9K |
| 13 | WHEELING ILL GO REF BDS 2021 09/DEC/2021 | — | 0.99% | 135.00K | $135.1K |
| 14 | DALLAS FORT WORTH TEX INTL ARPT REV JT REF IMPT | — | 0.94% | 125.00K | $128.7K |
| 15 | IDAHO ST BLDG AUTH SALES TAX REV ED BDS 2025A | — | 0.86% | 110.00K | $117.8K |
| 16 | RACINE CNTY WIS GO PROM NTS 2025A 27/AUG/2025 | — | 0.86% | 115.00K | $117.0K |
| 17 | CLARK CNTY NEV SCH DIST LTD TAX GO BLDG BDS… | — | 0.85% | 115.00K | $116.3K |
| 18 | NEW MEXICO FIN AUTH ST TRANSN REV SR LIEN REF… | — | 0.85% | 115.00K | $116.2K |
| 19 | TALLAHASSEE FLA CAP BDS REF BDS 2025 21/AUG/2025 | — | 0.85% | 110.00K | $116.0K |
| 20 | SUN PRAIRIE WIS GO PROM NTS 2025A 27/AUG/2025 | — | 0.84% | 110.00K | $114.7K |
| 21 | WASHINGTON ST VAR PURP GO BDS 2023 B 31/JAN/2023 | — | 0.82% | 110.00K | $112.4K |
| 22 | DUTCHESS CNTY N Y GO PUB IMPT BDS 2024 A | — | 0.82% | 110.00K | $112.3K |
| 23 | WASHINGTON ST MVFT GO REF BDS R-2022D… | — | 0.81% | 110.00K | $110.6K |
| 24 | COTTAGE GROVE VLG WIS GEN OBLIG PROM NTS 2026A | — | 0.78% | 100.00K | $106.7K |
| 25 | SEDGWICK CNTY KANS GO REF IMPT BDS 2024 B | — | 0.78% | 100.00K | $106.3K |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.43% | Paid (last 12 months) | $2.3558 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.2040 (Oct 07, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 07, 2026 | $0.2042 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 08, 2026 | $0.2096 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 07, 2026 | $0.2146 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 08, 2026 | $0.2010 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 05, 2026 | $0.1900 |
| May 01, 2026 | May 01, 2026 | May 07, 2026 | $0.1700 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.2000 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 06, 2026 | $0.1310 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 06, 2026 | $0.2110 |
| Dec 19, 2025 | Dec 19, 2025 | Dec 26, 2025 | $0.2106 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 05, 2025 | $0.2040 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 07, 2025 | $0.2100 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.31% / — | Sharpe 1Y / 3Y | -2.37 / — |
| Max drawdown 1Y / 3Y | -5.00% / — | Sortino 1Y | -3.04 |
| Beta vs S&P 500 (3Y) | 0.05 | Correlation vs S&P 500 (1Y) | 0.238 |
| Downside deviation 1Y | 1.80% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 9 | Average volume | 937 |
| AUM | $13.6M | Premium/Discount | +0.08% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $13.6M → $13.6M |
| 1 Month | -$188.9K | -1.36% | $13.9M → $13.6M |
| 1 Week | -$62.4K | -0.46% | $13.6M → $13.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for MUNB
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.