Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND)

Northern Trust 2055 Tax-Exempt Distributing Ladder ETF is a fixed income fund from Northern Trust Asset Management. It holds a ladder of U.S. municipal bonds maturing over a defined span leading to 2055, seeking income exempt from federal income tax.

Over its life, the fund distributes interest and returned principal to shareholders as bonds mature, steadily paying out its assets through the target year, after which it is expected to liquidate. Shares trade on NYSE Arca.