Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB)

Northern Trust 2035 Tax-Exempt Distributing Ladder ETF is a fixed income fund from Northern Trust Asset Management. It holds a ladder of U.S. municipal bonds scheduled to mature over a defined span culminating in 2035, seeking income exempt from federal income tax.

As holdings mature, the fund passes principal back to shareholders along with interest, steadily distributing its assets through the target year, after which it is expected to wind down. Shares trade on NYSE Arca.