Symbols

MUNB

Northern Trust 2035 Tax-Exempt Distributing Ladder ETF·ARCA

--(--)

Key Stats

Assets Under Management

10.01MUSD

Fund Flow (1Y)

5.11MUSD

Dividend Yield

1.25%

Discount / Premium to NAV

-0.04%

Shares Outstanding

100.00K

Expense Ratio

0.18%

About Northern Trust 2035 Tax-Exempt Distributing Ladder ETF

Issuer

Northern Trust Investments, Inc.

Brand

Northern Funds

Home Page

https://www.flexshares.com/us/en/individual/funds/munb

Inception Date

Aug 18, 2025

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Northern Trust Investments, Inc.(Investment Management)

Distributor

Northern Funds Distributors LLC

MUNB seeks to achieve its investment objective by employing a "laddered" bond strategy, pursuant to which the Fund will invest in debt instruments that pay interest that is exempt from regular federal income tax with different maturity dates (or "rungs") through the year 2035 (the "terminal year"). Generally, NTI implements the Fund's laddered bond strategy by investing the Fund's assets in approximately equal proportions (as measured by par value) across the existing rungs at the time of investment to provide periodic distributions to investors in the form of income and/or principal (based upon par value of the underlying bonds) each year through the terminal year. The Fund will initially be comprised of 10 rungs with clusters of maturities throughout 2026 and each subsequent year through 2035.