Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
MUNB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Timothy Paul Blair
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Aug 19, 2025
- Website
- flexshares.com
- Similar Companies
- Business
- Northern Funds - Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) is an exchange-traded fund managed by Northern Trust Investments, Inc., that provides investors with tax-exempt income through a laddered portfolio of municipal bonds maturing primarily around 2035. The ETF holds a diversified selection of investment-grade, tax-exempt municipal securities issued by U.S. states, territories, and local governments; these include general obligation bonds, revenue bonds, and pre-refunded securities, all structured in a ladder with staggered maturities to manage interest rate risk and enhance liquidity. MUNB targets income-seeking investors, such as high-net-worth individuals in higher tax brackets, offering monthly distributions of tax-exempt interest while aiming to maintain a stable net asset value. Operated within the fixed-income segment of the asset management industry, MUNB forms part of Northern Trust's broader suite of ETFs under the Northern Funds umbrella, which emphasizes low-cost, institutional-quality products for retail and institutional clients across the United States. Northern Trust, headquartered in Chicago, Illinois, and founded in 1889 as a parent entity, oversees the fund through its asset management arm, with no direct subsidiaries dedicated solely to MUNB but integrated into its global operations spanning North America, Europe, and Asia. The fund adheres to a buy-and-hold strategy with periodic rebalancing to align with its target maturity profile. In recent developments, Northern Trust expanded its ETF offerings in 2024 with the launch of additional target-maturity municipal bond ladders, including MUNB as part of a series designed to provide predictable tax-exempt income streams amid rising interest rates; this followed strategic enhancements to its active fixed-income capabilities through internal platform upgrades. The firm also announced a key partnership in mid-2025 with a leading municipal bond analytics provider to improve portfolio transparency and yield optimization for its ladder ETFs, including MUNB. No major acquisitions, funding rounds, or reorganizations specific to MUNB have been reported in the last two years, though Northern Trust continues to grow its AUM in tax-exempt products amid favorable market conditions for municipals.