MUNJ ETF — Northern Trust 2031 Tax-Exempt Distributing Ladder ETF

Northern Trust 2031 Tax-Exempt Distributing Ladder ETF (MUNJ)

Updated October 15, 2026.

MUNJ is a low-cost ETF. its expense ratio is 0.18%. Total return is -1.5% over the past 0.1 years, 2.5 points behind SPY at 1.0%.

Northern Trust 2031 Tax-Exempt Distributing Ladder ETF is a fixed income fund that holds a ladder of municipal bonds structured to mature around 2031. The fund does not currently distribute to shareholders. This ETF may appeal to tax-conscious fixed income investors seeking exposure to municipal bonds with a defined maturity horizon.

MUNJ performance versus SPY

Price and return data through 2026-10-15.

Total return is -1.5% over the past 0.1 years, 2.5 points behind SPY at 1.0%.

MUNJ key facts

Issuer

Northern Trust

Asset type

ETF

Asset class

Fixed Income

Inception date

08/26/2026

Expense ratio

0.18%

Last close

$98.82 (as of 2026-10-15)

AUM

$4,908,744

Average volume

6.0

Dividend

$0.251

Ex-dividend date

10/01/2026

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 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.

MUNJ risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider MUNJ — and who may not

MUNJ 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 MUNJ

• All tickers starting with M

Tagged: Fixed Income, Municipal, Target Date.

Frequently asked questions

More securities from Northern Trust.