MUNC — Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
Data updated: 2026-08-27
MUNC — Northern Trust 2045 Tax-Exempt Distributing Ladder ETF. Intermediate Municipal - National Bond. Holdings, fees, performance and SEC filings.
MUNC Fund Overview
MUNC — Northern Trust 2045 Tax-Exempt Distributing Ladder ETF is a US ETF managed by Northern Funds, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Northern Funds
- Category: Intermediate Municipal - National Bond
- Assets under management: $8.24M
- Ticker: MUNC
- SEC CIK: 0000916620
- SEC series ID: S000093502
- Share class ID: C000261790
MUNC Holdings
Top 10 holdings of Northern Trust 2045 Tax-Exempt Distributing Ladder ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Utility Debt Securitization Authority | 3.29% |
| City of Sun Prairie WI | 3.21% |
| Los Angeles Department of Water & Power | 3.17% |
| County of Wake NC | 3.02% |
| New Jersey Transportation Trust Fund Authority | 2.61% |
| City of Manhattan KS | 2.54% |
| County of Baltimore MD | 1.90% |
| Ferris State University | 1.85% |
| Central Florida Tourism Oversight District | 1.85% |
| Metropolitan Water Reclamation District of Greater Chicago | 1.71% |
MUNC Portfolio Allocation
Asset-class allocation of Northern Trust 2045 Tax-Exempt Distributing Ladder ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.4% |
MUNC Performance
Total returns for MUNC (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
MUNC Costs and Fees
MUNC costs about $18 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.18%
- Gross expense ratio: 0.18%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MUNC Cashflows
Over the 12 months to 2026-06, Northern Trust 2045 Tax-Exempt Distributing Ladder ETF had net outflows of $2.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $0 |
| 2026-05 | $0 |
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $0 |
| 2026-01 | −$2.06M |
MUNC Debt Constituents
Largest debt holdings of Northern Trust 2045 Tax-Exempt Distributing Ladder ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Utility Debt Securitization Authority | 3.29% |
| City of Sun Prairie WI | 3.21% |
| Los Angeles Department of Water & Power | 3.17% |
| County of Wake NC | 3.02% |
| New Jersey Transportation Trust Fund Authority | 2.61% |
| City of Manhattan KS | 2.54% |
| County of Baltimore MD | 1.90% |
| Ferris State University | 1.85% |
| Central Florida Tourism Oversight District | 1.85% |
| Metropolitan Water Reclamation District of Greater Chicago | 1.71% |
MUNC Prospectus and SEC Filings
Official Northern Trust 2045 Tax-Exempt Distributing Ladder ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-08-05
- Prospectus supplement (497) — filed 2025-11-28
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-16
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.