Northern Trust 2035 Tax-Exempt Distributing Ladder ETF MUNB
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.18%
- Net assets
- $14.1M
- Holdings
- 247
- 12-month distribution yield
- 2.40%
- Asset class
- Fixed income
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Northern Trust. Its category is Fixed income · US (fixed income). Its last price was US$98.40 on 20 Oct 2026. Its expense ratio is 0.18% a year, from its prospectus dated 1 May 2026. It reported net assets of US$14.14 million as of 30 Jun 2026. Its latest holdings report lists 247 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$2.36 a unit, a 12-month distribution yield of 2.40%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.18%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.18%
- Prospectus date
- 1 May 2026
- Filed with the SEC
- 29 Apr 2026
Size and reporting
- Net assets
- $14,137,215
- Total assets
- $14,141,053
- Holdings as of
- 30 Jun 2026
- Report made public
- 27 Aug 2026 (58 days after the month end)
Top holdings
Largest 25 of 247 positions, as of 30 Jun 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | Central Florida Expressway Authority Central Florida Expressway Authority, Series 2021 | US153476GN09 | 1.44% | $203K | Debt | United States | USD |
| 2 | District of Columbia District of Columbia, Series 2020 | US25483VWN09 | 1.43% | $202K | Debt | United States | USD |
| 3 | State of Washington State of Washington, Series 2024A | US93972ADP84 | 1.20% | $170K | Debt | United States | USD |
| 4 | District of Columbia District of Columbia, Series 2023B | US25476FB315 | 1.17% | $166K | Debt | United States | USD |
| 5 | Las Vegas Valley Water District Las Vegas Valley Water District, Series 2021A | US517845LF85 | 1.13% | $160K | Debt | United States | USD |
| 6 | County of Racine WI County of Racine, Series 2024A | US749845H220 | 1.11% | $157K | Debt | United States | USD |
| 7 | City of Gardner KS City of Gardner, Series 2020A | US365591YX88 | 1.11% | $156K | Debt | United States | USD |
| 8 | District of Columbia District of Columbia, Series 2023A | US25476FZM30 | 1.09% | $154K | Debt | United States | USD |
| 9 | New Mexico Finance Authority New Mexico Finance Authority, Series 2023B | US64711PNE69 | 1.09% | $153K | Debt | United States | USD |
| 10 | King County School District No. 405 Bellevue King County School District No. 405, Series 2021B | US495098D288 | 1.05% | $148K | Debt | United States | USD |
| 11 | Neenah Joint School District | US639905EW41 | 1.01% | $142K | Debt | United States | USD |
| 12 | Village of Wheeling IL Village of Wheeling, Series 2021 | US963099QK58 | 0.96% | $136K | Debt | United States | USD |
| 13 | Dallas Fort Worth International Airport Dallas Fort Worth International Airport, Series 2023B | US23503CCN56 | 0.93% | $132K | Debt | United States | USD |
| 14 | City of Baltimore MD City of Baltimore, Series 2017B | US059231J439 | 0.92% | $130K | Debt | United States | USD |
| 15 | Idaho State Building Authority Idaho State Building Authority, Series 2025A | US451446AU27 | 0.88% | $125K | Debt | United States | USD |
| 16 | City of Tallahassee FL City of Tallahassee, Series 2025 | US874458MB57 | 0.85% | $121K | Debt | United States | USD |
| 17 | County of Racine WI County of Racine, Series 2025A | US749845M675 | 0.85% | $121K | Debt | United States | USD |
| 18 | City of Sun Prairie WI City of Sun Prairie, Series 2025A | US866849W400 | 0.84% | $119K | Debt | United States | USD |
| 19 | Clark County School District Clark County School District, Series 2019A | US181059F763 | 0.83% | $118K | Debt | United States | USD |
| 20 | New Mexico Finance Authority New Mexico Finance Authority, Series 2024A | US64711RMW33 | 0.83% | $118K | Debt | United States | USD |
| 21 | County of Dutchess NY County of Dutchess, Series 2024A | US267040KH55 | 0.83% | $117K | Debt | United States | USD |
| 22 | State of Washington State of Washington, Series 2023B | US93974EYM29 | 0.81% | $114K | Debt | United States | USD |
| 23 | Village of Cottage Grove WI Village of Cottage Grove, Series 2026A | US22169PHD06 | 0.80% | $113K | Debt | United States | USD |
| 24 | State of Washington State of Washington, Series R-2022D | US93974EWN20 | 0.79% | $112K | Debt | United States | USD |
| 25 | County of Sedgwick KS County of Sedgwick, Series 2024B | US815323TT72 | 0.78% | $111K | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 98.28% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 98.28% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 98.28% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $2.3570
- 12-month yield
- 2.40%
- Frequency
- Monthly
- Latest ex-date
- 1 Oct 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($2.3570) ÷ latest price ($98.40) × 100 = 2.40%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (14 payments)
| Ex-date | Amount per unit |
|---|---|
| 1 Oct 2026 | $0.2040 |
| 1 Sep 2026 | $0.2100 |
| 3 Aug 2026 | $0.2150 |
| 1 Jul 2026 | $0.2010 |
| 1 Jun 2026 | $0.1900 |
| 1 May 2026 | $0.1700 |
| 1 Apr 2026 | $0.2000 |
| 2 Mar 2026 | $0.1310 |
| 2 Feb 2026 | $0.2110 |
| 19 Dec 2025 | $0.2110 |
| 1 Dec 2025 | $0.2040 |
| 3 Nov 2025 | $0.2100 |
| 1 Oct 2025 | $0.2050 |
| 2 Sep 2025 | $0.0820 |
Filings and sources
- Form N-PORT report for June 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000093511) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- MUNB and BND Vanguard Total Bond Market ETF
- MUNB and AGG iShares Core U.S. Aggregate Bond ETF
- MUNB and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- MUNB and BSV Vanguard Short-Term Bond ETF