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MUNG ETF — Northern Trust 2046 Tax-Exempt Distributing Ladder ETF
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG)
Updated October 16, 2026.
MUNG is a low-cost ETF. its trailing-12-month yield is 0.33%, its expense ratio is 0.18%. Total return is -2.1% over the past 0.1 years, 2.0 points behind SPY at -0.1%.
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF is a fixed-income fund structured around municipal bonds on a target-date basis. The fund's distribution characteristics are not currently established, and the latest payout was special or one-time in nature and may not recur. This fund may appeal to investors seeking tax-exempt fixed-income exposure with a defined maturity horizon.
MUNG dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (0.33%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.3221. 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 | $0.3221 | — |
| 2026 YTD total (partial launch year) | $0.3221 | — |
MUNG holdings and sector exposure
Holdings are not available for this snapshot.
MUNG performance versus SPY
Price and return data through 2026-10-16.
Total return is -2.1% over the past 0.1 years, 2.0 points behind SPY at -0.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -0.2% | — |
| YTD | -2.1% | — |
| Since inception (0.1 years) | -2.1% | — |
MUNG key facts
- Issuer
- Northern Trust
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 08/26/2026
- Expense ratio
- 0.18%
- Trailing yield
- 0.33%
- Last close
- $97.48 (as of 2026-10-16)
- AUM
- $9,592,518
- Average volume
- 6.0
- Dividend
- $0.3221
- 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 (0.33%) 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.
MUNG risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider MUNG — and who may not
MUNG 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 MUNG
Frequently asked questions
What is MUNG's expense ratio?
MUNG's expense ratio is 0.18%.
When does MUNG pay a dividend?
The dividend amount is $0.3221. The ex-dividend date is 10/01/2026. The payment date is 10/07/2026.
How has MUNG performed?
Total return is -2.1% over the past 0.1 years, 2.0 points behind SPY at -0.1%.
More securities from Northern Trust.
Tickers
Holdings as-of date unavailable.
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