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MUNF ETF — Northern Trust 2036 Tax-Exempt Distributing Ladder ETF
Northern Trust 2036 Tax-Exempt Distributing Ladder ETF (MUNF)
Updated October 16, 2026.
MUNF is a low-cost ETF. its trailing-12-month yield is 0.28%, its expense ratio is 0.18%. Total return is -1.5% over the past 0.1 years, 1.4 points behind SPY at -0.1%.
Northern Trust 2036 Tax-Exempt Distributing Ladder ETF is an exchange-traded fund that invests in U.S. Treasury Inflation Protected Securities with bonds maturing through 2036, designed to provide a structured income stream as the portfolio matures. The fund's distribution characteristics are not yet established, as it is newly formed; its latest distribution was special or one-time in nature and may not recur on a regular basis. This fund may appeal to fixed-income investors seeking tax-advantaged exposure to inflation-protected securities with a defined maturity horizon.
MUNF dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (0.28%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.27103. The ex-dividend date is 10/01/2026. The payment date is 10/07/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-01 | $0.27103 | — |
| 2026 YTD total (partial launch year) | $0.27103 | — |
MUNF holdings and sector exposure
Holdings are not available for this snapshot.
MUNF performance versus SPY
Price and return data through 2026-10-16.
Total return is -1.5% over the past 0.1 years, 1.4 points behind SPY at -0.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.3% | — |
| YTD | -1.5% | — |
| Since inception (0.1 years) | -1.5% | — |
MUNF key facts
- Issuer
- Northern Trust
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 08/26/2026
- Expense ratio
- 0.18%
- Trailing yield
- 0.28%
- Last close
- $98.19 (as of 2026-10-16)
- AUM
- $4,836,563
- Average volume
- 6.0
- Dividend
- $0.27103
- Ex-dividend date
- 10/01/2026
- Payment date
- 10/07/2026
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.28%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Northern Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MUNF risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider MUNF — and who may not
MUNF may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on MUNF
Frequently asked questions
What is MUNF's expense ratio?
MUNF's expense ratio is 0.18%.
When does MUNF pay a dividend?
The dividend amount is $0.27103. The ex-dividend date is 10/01/2026. The payment date is 10/07/2026.
How has MUNF performed?
Total return is -1.5% over the past 0.1 years, 1.4 points behind SPY at -0.1%.
More securities from Northern Trust.
Tickers
Holdings as-of date unavailable.
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