MUNG Northern Trust 2046 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 | 95.64 | Day Range | 95.64 – 97.42 |
| 52-Week Range | 95.09 – 100.20 | Volume | 7 |
| Avg Volume | 199 | AUM | $9.6M (Oct 10, 2026) |
| Expense Ratio | 0.18% | Yield (TTM) | 0.34% |
| NAV | 95.69 | Premium/Discount | -0.05% indicative |
| Inception | Aug 25, 2026 | Holdings | 183 |
| Issuer | FlexShares | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 66516K608 | ISIN | US66516K6082 |
| Management | Not stated in source data | ||
About this ETF
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.
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 | -2.39% | — | — | — | — | — | — | — | -3.93% |
| Total return | -2.39% | — | — | — | — | — | — | — | -3.93% |
* 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. 183 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | IDAHO BD BK AUTH REV REF BDS 2026A 27/MAY/2026 | — | 2.38% | 215.00K | $229.1K |
| 2 | RUTHERFORD CNTY TENN GEN OBLIG REF BDS 2026 | — | 2.25% | 200.00K | $216.2K |
| 3 | CASH | — | 2.14% | 205.95K | $206.0K |
| 4 | WASHINGTON ST VAR PURP GO BDS 2021 C 25/FEB/2021 | — | 2.10% | 195.00K | $202.4K |
| 5 | CARROLLTON GA INDPT SCH SYS GEN OBLIG BDS B | — | 2.08% | 175.00K | $200.1K |
| 6 | ILLINOIS ST SALES TAX REV JR OBLIG BUILD BDS | — | 1.99% | 185.00K | $191.1K |
| 7 | KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV REF BDS | — | 1.74% | 160.00K | $168.0K |
| 8 | INDIANA ST FIN AUTH REV REVOLVING FD PROG BDS | — | 1.59% | 150.00K | $153.4K |
| 9 | GRANITE SCH DIST UTAH SALT LAKE CNTY GO BLDG BDS | — | 1.57% | 145.00K | $151.0K |
| 10 | ST JOHNS CNTY FLA SPL OBLIG REV REF BDS 2025 | — | 1.53% | 145.00K | $147.4K |
| 11 | ST JOHNS CNTY FLA SPL OBLIG REV REF BDS 2025 | — | 1.38% | 125.00K | $133.3K |
| 12 | NORTHEAST WIS TECHNICAL COLLEGE DIST WIS GO PROM | — | 1.27% | 120.00K | $122.8K |
| 13 | SALES TAX SECURITIZATION CORP ILL REF BDS 2024A | — | 1.24% | 120.00K | $119.5K |
| 14 | MARLBORO CNTY S C SCH DIST GO REF BDS 2024 | — | 1.24% | 115.00K | $119.1K |
| 15 | PIERCE CNTY WASH SCH DIST NO 401 PENINSULA UNLTD | — | 1.22% | 115.00K | $117.2K |
| 16 | PHOENIX ARIZ CIVIC IMPT CORP EXCISE TAX REV SUB | — | 1.21% | 110.00K | $116.0K |
| 17 | NORTHWEST TEX INDPT SCH DIST UNLTD TAX BLDG BDS | — | 1.19% | 110.00K | $114.8K |
| 18 | CHICAGO ILL O HARE INTL ARPT REV GEN SR LIEN BDS | — | 1.19% | 110.00K | $114.4K |
| 19 | MEMPHIS TENN GEN IMPT BDS 2026 04/MAR/2026 | — | 1.17% | 110.00K | $113.1K |
| 20 | SCOTT CNTY KY BRD ED GO BDS 2025 14/MAY/2025 | — | 1.15% | 105.00K | $110.7K |
| 21 | SALT LAKE CNTY UTAH SALES TAX REV BDS 2025 | — | 1.12% | 100.00K | $107.6K |
| 22 | ST PETERSBURG FLA PUB UTIL REV BDS 2025 C | — | 1.11% | 100.00K | $106.9K |
| 23 | MOUNT PROSPECT ILL PK DIST GEN OBLIG BDS 2025 C | — | 1.10% | 100.00K | $106.3K |
| 24 | CLEBURNE TEX INDPT SCH DIST UNLTD TAX REF BDS… | — | 1.09% | 100.00K | $105.2K |
| 25 | LUZERNE CNTY PA GO BDS 2017A 01/NOV/2017 | — | 1.06% | 100.00K | $101.9K |
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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) | 0.34% | Paid (last 12 months) | $0.3221 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.3221 (Oct 07, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 07, 2026 | $0.3221 |
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
Liquidity
| Volume today | 7 | Average volume | 199 |
| AUM | $9.6M | Premium/Discount | -0.05% |
| 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% | $9.6M → $9.6M |
| 1 Month | -$116.0K | -1.18% | $9.9M → $9.6M |
| 1 Week | -$62.0K | -0.64% | $9.6M → $9.6M |
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 MUNG
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.