Northern Trust 2045 Tax-Exempt Distributing Ladder ETF MUNC
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.18%
- Net assets
- $8.2M
- Holdings
- 150
- 12-month distribution yield
- 3.34%
- Asset class
- Fixed income
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) 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$98.10 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$8.24 million as of 30 Jun 2026. Its latest holdings report lists 150 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$3.28 a unit, a 12-month distribution yield of 3.34%, 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
- $8,238,053
- Total assets
- $8,239,767
- Holdings as of
- 30 Jun 2026
- Report made public
- 27 Aug 2026 (58 days after the month end)
Top holdings
Largest 25 of 150 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 | Utility Debt Securitization Authority Utility Debt Securitization Authority, Series 2022TE1 | US91802REX35 | 3.29% | $271K | Debt | United States | USD |
| 2 | City of Sun Prairie WI City of Sun Prairie, Series 2025A | US866849W400 | 3.21% | $264K | Debt | United States | USD |
| 3 | Los Angeles Department of Water & Power Los Angeles Department of Water & Power, Series 2021C | US544532CU63 | 3.17% | $261K | Debt | United States | USD |
| 4 | County of Wake NC County of Wake, Series 2024B | US930864JG97 | 3.02% | $249K | Debt | United States | USD |
| 5 | New Jersey Transportation Trust Fund Authority New Jersey Transportation Trust Fund Authority, Series 2022BB | US64613CAZ14 | 2.61% | $215K | Debt | United States | USD |
| 6 | City of Manhattan KS City of Manhattan, Series 2025A | US562895XK30 | 2.54% | $209K | Debt | United States | USD |
| 7 | County of Baltimore MD County of Baltimore, Series 2024 | US05914GFN34 | 1.90% | $157K | Debt | United States | USD |
| 8 | Ferris State University Ferris State University, Series 2025A | US315361MP77 | 1.85% | $153K | Debt | United States | USD |
| 9 | Central Florida Tourism Oversight District Central Florida Tourism Oversight District, Series 2024A | US153480AJ70 | 1.85% | $153K | Debt | United States | USD |
| 10 | Metropolitan Water Reclamation District of Greater Chicago Metropolitan Water Reclamation District of Greater Chicago, Series 2007B | US167560MS78 | 1.71% | $141K | Debt | United States | USD |
| 11 | Cook Kane Lake & McHenry Counties Community College District No. 512 Cook Kane Lake & McHenry Counties Community College District No. 512, Series 2017B | US216181GE19 | 1.41% | $116K | Debt | United States | USD |
| 12 | Seattle Museum Development Authority Seattle Museum Development Authority, Series 2024 | US812670DV64 | 1.39% | $115K | Debt | United States | USD |
| 13 | Round Rock Independent School District Round Rock Independent School District, Series 2025B | US779240RF94 | 1.39% | $115K | Debt | United States | USD |
| 14 | Quitman Independent School District Quitman Independent School District, Series 2025 | US749030EE89 | 1.37% | $113K | Debt | United States | USD |
| 15 | City of New York NY City of New York, Series 2026A1 | US64966SPF73 | 1.35% | $111K | Debt | United States | USD |
| 16 | St Paul Independent School District No. 625 St. Paul Independent School District No. 625, Series 2024B | US79289ABY82 | 1.33% | $110K | Debt | United States | USD |
| 17 | Kentucky State Property & Building Commission | US49151FYX22 | 1.30% | $107K | Debt | United States | USD |
| 18 | Madison County Board of Education/AL Madison County Board of Education, Series 2025A | US556752RC99 | 1.29% | $107K | Debt | United States | USD |
| 19 | Mansfield Independent School District Mansfield Independent School District, Series 2025 | US564386VA51 | 1.25% | $103K | Debt | United States | USD |
| 20 | State of Florida State of Florida, Series 2020B | US34153QTU03 | 1.19% | $98K | Debt | United States | USD |
| 21 | Utah Transit Authority Utah Transit Authority, Series 2025 | US917567JG52 | 1.18% | $97K | Debt | United States | USD |
| 22 | Commonwealth of Massachusetts Commonwealth of Massachusetts, Series 2025A | US57582TCY64 | 1.18% | $97K | Debt | United States | USD |
| 23 | State of Hawaii State of Hawaii, Series FE | US419792JT44 | 1.16% | $96K | Debt | United States | USD |
| 24 | Lubbock-Cooper Independent School District Lubbock-Cooper Independent School District, Series 2025 | US549108J742 | 1.16% | $95K | Debt | United States | USD |
| 25 | District of Columbia Income Tax Revenue District of Columbia, Series 2025A | US25477GXT74 | 1.06% | $87K | 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 | 97.41% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 97.41% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 97.41% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $3.2780
- 12-month yield
- 3.34%
- Frequency
- Monthly
- Latest ex-date
- 1 Oct 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($3.2780) ÷ latest price ($98.10) × 100 = 3.34%. 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 | $0.2670 |
| 1 Sep 2026 | $0.2770 |
| 3 Aug 2026 | $0.2810 |
| 1 Jul 2026 | $0.2610 |
| 1 Jun 2026 | $0.2760 |
| 1 May 2026 | $0.2670 |
| 1 Apr 2026 | $0.2710 |
| 2 Mar 2026 | $0.2300 |
| 2 Feb 2026 | $0.3410 |
| 19 Dec 2025 | $0.2720 |
| 1 Dec 2025 | $0.2630 |
| 3 Nov 2025 | $0.2720 |
| 1 Oct 2025 | $0.2700 |
| 2 Sep 2025 | $0.1080 |
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 (S000093502) (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:
- MUNC and BND Vanguard Total Bond Market ETF
- MUNC and AGG iShares Core U.S. Aggregate Bond ETF
- MUNC and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- MUNC and BSV Vanguard Short-Term Bond ETF