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

Northern Trust 2045 Tax-Exempt Distributing Ladder ETF is a fixed income fund from Northern Trust Asset Management. It invests in a ladder of U.S. municipal bonds maturing over a defined span ending in 2045, with the goal of providing income exempt from federal income tax.

The fund is built to distribute both interest and returned principal to shareholders as bonds in the ladder mature, gradually paying out its assets through the target year before it is expected to close. Shares trade on NYSE Arca.