MUNH ETF — Northern Trust 2056 Tax-Exempt Distributing Ladder ETF

Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH)

Updated October 16, 2026.

MUNH is a low-cost ETF. its trailing-12-month yield is 0.36%, its expense ratio is 0.18%. Total return is -3.0% over the past 0.1 years, 2.9 points behind SPY at -0.1%.

Northern Trust 2056 Tax-Exempt Distributing Ladder ETF is a fixed-income fund designed to hold municipal bonds structured as a ladder with a target maturity date of 2056. The fund's distribution characteristics are not currently established, with the latest payout marked as special or one-time and therefore not necessarily indicative of future distributions. This fund may appeal to tax-conscious fixed-income investors seeking municipal bond exposure aligned with a specific long-term time horizon.

MUNH performance versus SPY

Price and return data through 2026-10-16.

Total return is -3.0% over the past 0.1 years, 2.9 points behind SPY at -0.1%.

MUNH key facts

Issuer

Northern Trust

Asset type

ETF

Asset class

Fixed Income

Inception date

08/26/2026

Expense ratio

0.18%

Trailing yield

0.36%

Last close

$96.65 (as of 2026-10-16)

AUM

$9,519,580

Average volume

6.0

Dividend

$0.34906

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 (0.36%) 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.

MUNH risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider MUNH — and who may not

MUNH 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 MUNH

• All tickers starting with M

Tagged: Fixed Income, Municipal, Target Date.

Frequently asked questions

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