# MUNC (Northern Trust 2045 Tax-Exempt Distributing Ladder ETF)

Northern Trust · Bond ETFs · Municipal, national, long · data as of Oct 2, 2026

MUNC is actively managed and returned −1.8% over the past year.

## Key facts

- MUNC, total return, 1 year: −1.8%, as of Oct 2, 2026.
- MUNC, expense ratio: 0.18%, as of Oct 2, 2026.
- MUNC, holdings: 150, as of Oct 2, 2026.
- MUNC, below its high: −5.4%, as of Oct 2, 2026.
- MUNC, net assets: $8m (SEC filing, whole fund, as filed for Jun 30, 2026).

## MUNC over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −4.6% | +3.6% | −8.2 pts | −9.9 pts |
| 6 months | −3.1% | +17.9% | −21.0 pts | −31.5 pts |
| 1 year | −1.8% | +16.2% | −18.0 pts | −26.1 pts |
| Since listing | +0.4% | +21.9% | −21.5 pts | −32.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, long | ETFIQ |
| Expense ratio | 0.18% | 485BPOS XBRL, Apr 29, 2026 |
| Price | $97.04 | ETFIQ |
| Listed since | Aug 19, 2025 | ETFIQ |
| Net assets | $8m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its high | −5.4% | ETFIQ |
| Holdings | 150 | ETFIQ |
| Top ten weight | 25.8% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |

## Questions

### How has MUNC performed?

Over the year to Oct 2, 2026, MUNC returned −1.8% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is not published.

### What does MUNC cost?

The prospectus expense ratio is 0.18% a year.

### How far is MUNC below its high?

5.4% below its high of Feb 26, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, MUNC, data as of Oct 2, 2026. https://etfiq.com/funds/munc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/munc  ·  JSON: https://etfiq.com/funds/munc.json