1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Asset Management - Bonds
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETFUS flagNew York Stock Exchange Arca
- -
USD
- -
- -
- -
- -
(- -)

Recent

price

- -

P/E

ratio

- -

div

yld

- -

ROIC.AI

No data availableFinancial data will appear here once available

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Quarterly Revenue

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available
Similar Companies
VanEck CLO ETF (CLOI)
PIMCO High Yield Municipal Bond Fund (PYMPX)
State Street SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC)
iShares Short-Term National Muni Bond ETF (SUB)
Deka iBoxx EUR Liquid Sovereign Diversified 10+ UCITS ETF (EL4Q.DE)
State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (Dist) (EMH5.L)
Business
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) is an actively managed exchange-traded fund that seeks to provide periodic distributions consisting of income exempt from regular federal income tax and/or principal through 2030. The fund employs a laddered bond strategy, investing primarily in U.S. investment-grade municipal bonds, including general obligation bonds, revenue bonds, moral obligation bonds, industrial development bonds, and tax-exempt derivative instruments, allocated initially in approximately equal proportions across five rungs with maturity clusters spanning 2026 through the terminal year of 2030. As bonds in each rung mature annually, the fund distributes the par value proceeds—primarily principal with potential return of capital—to shareholders, culminating in full liquidation in 2030; it targets investors pursuing a spend-down strategy for recurring expenses like college tuition over a five-year horizon, complemented by monthly tax-exempt income distributions. Launched on August 18, 2025, the ETF operates under Northern Trust Asset Management, part of Northern Trust Corporation, headquartered in Chicago, Illinois, with a focus on the U.S. municipal bond market and domiciled in the United States. It fits within the Morningstar Muni Target Maturity category, managed by Timothy Blair, David Alongi, and Michael Chico, with an expense ratio of 0.18% and a credit rating of investment grade. In recent developments, Northern Trust Asset Management introduced the Tax-Exempt Distributing Ladder ETF suite in 2025, including MUNA as the five-year option alongside longer-term siblings MUNB (10 years), MUNC (20 years), and MUND (30 years), marking an innovative expansion into structured bond ladder solutions for tax-efficient cash flow management. This launch represents a strategic shift toward single-solution ETFs designed from investor insights, emphasizing periodic principal distributions and tax-exempt income, with no reported acquisitions, funding rounds, or partnerships specific to MUNA as of late 2025. The fund trades on the NYSE Arca exchange under the ticker MUNA, with assets geared toward retail and institutional investors seeking defined-term municipal exposure.