ETF Research

MUNA: NORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF

Generated from StockValueFinder data · Updated Oct 11, 2026 7:21 PM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

What this ETF is trying to do

The NORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF (ticker: MUNA) is designed to provide tax-exempt distributions. Its portfolio includes various holdings, such as the Indiana St Fin Auth Rev 5% and Racine Cnty Wis 4%. Because this is a partial list, there are many other holdings in the fund.

What the numbers show

As of October 9, 2026, the current price of MUNA is $98.90. The estimated price from roughly one year ago was $100.06.

When looking at performance, it is important to understand two different numbers: price return and total return.

• Price return only tracks how much the share price changes. Over the last year, the one-year price return was -1.16%. Year-to-date (YTD), the price return was -1.07%.

• Total return includes both the share price change and the cash distributions paid to investors. Even though the share price went down, the one-year total return was positive at 1.08%. The YTD total return was also positive at 0.66%.

Income and distribution explanation

This ETF is designed to pay out regular income. The distribution yield is approximately 2.27%. Over the last 12 months, the fund made 12 payments, meaning it usually pays out monthly. The trailing distributions were $2.24 per share. It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it does not guarantee future payments or cover all losses if the share price falls.

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the underlying assets that the ETF owns. StockValueFinder uses an erosion-risk score to measure this risk. MUNA has an erosion score of 94, which is labeled as "Stable / sideways." The severity is rated as "good," and there is no severe erosion-risk flag for this ETF.

Pros

• The fund provides regular monthly income.

• While the share price has declined slightly, the total return (which includes distributions) has remained positive for both the year and the year-to-date period.

• The erosion-risk score suggests the underlying value is relatively stable.

Cons

• The share price itself has seen a decline over the last year and so far this year.

Beginner takeaway

When looking at an ETF like MUNA, don't just look at the share price. Because this fund pays regular distributions, the "total return" gives a more complete picture of how the investment performed by including that extra cash.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

150 holdings available
# Holding Ticker Weight
1 n/a n/a 2.38%
2 n/a n/a 2.25%
3 INDIANA ST FIN AUTH REV 5% n/a 2.04%
4 RACINE CNTY WIS 4% n/a 1.75%
5 MANSFIELD TEX WTR & SWR REV 5% n/a 1.30%
6 OHIO ST ADULT CORRECTIONAL CAP FACS 5% n/a 1.30%
7 ILLINOIS FIN AUTH REV 5% n/a 1.29%
8 CROWN POINT IND MULTI-SCH BLDG CORP 5% n/a 1.24%
9 SEATTLE WASH MUN LT & PWR REV 5% n/a 1.23%
10 PORT TACOMA WASH 4% n/a 1.16%
Show all 150 holdings
1. n/a n/a 2.38%
2. n/a n/a 2.25%
3. INDIANA ST FIN AUTH REV 5% n/a 2.04%
4. RACINE CNTY WIS 4% n/a 1.75%
5. MANSFIELD TEX WTR & SWR REV 5% n/a 1.30%
6. OHIO ST ADULT CORRECTIONAL CAP FACS 5% n/a 1.30%
7. ILLINOIS FIN AUTH REV 5% n/a 1.29%
8. CROWN POINT IND MULTI-SCH BLDG CORP 5% n/a 1.24%
9. SEATTLE WASH MUN LT & PWR REV 5% n/a 1.23%
10. PORT TACOMA WASH 4% n/a 1.16%
11. CORAL GABLES FLA CAP IMPT REV 5% n/a 1.13%
12. TEXAS WTR DEV BRD REV 5% n/a 1.12%
13. MAURY CNTY TENN 5% n/a 1.11%
14. WPPI ENERGY WIS PWR SUPPLY SYS REV 5% n/a 1.10%
15. MILWAUKEE CNTY WIS ARPT REV 5% n/a 1.00%
16. MISSISSIPPI DEV BK SPL OBLIG 5% n/a 0.99%
17. n/a n/a 0.97%
18. CHICAGO ILL WTR REV 5% n/a 0.96%
19. n/a n/a 0.96%
20. NEVADA ST HWY IMPT REV 5% n/a 0.96%
21. PENNSYLVANIA ST TPK COMMN TPK REV 5% n/a 0.96%
22. MIAMI-DADE CNTY FLA SPL OBLIG 5% n/a 0.94%
23. OKALOOSA CNTY FLA CAP IMPT REV 5% n/a 0.92%
24. TRINITY RIVER AUTH TEX REV 5% n/a 0.79%
25. IDAHO HSG & FIN ASSN 5% n/a 0.72%
26. VERMONT MUN BD BK 5% n/a 0.72%
27. n/a n/a 0.71%
28. KNOXVILLE TENN ELEC REV 5% n/a 0.66%
29. GEORGIA ST PORTS AUTH REV 5% n/a 0.65%
30. TIMPANOGOS SPL SVC DIST UTAH SWR REV 5% n/a 0.65%
31. MORGAN CNTY IND BLDG CORP 5% n/a 0.60%
32. RHODE ISLAND ST COMM CORP REV 5% n/a 0.53%
33. JACKSONVILLE FLA SPL REV 5% n/a 0.52%
34. MANCHESTER N H 5% n/a 0.47%
35. MAUI CNTY HAWAII 5% n/a 0.47%
36. MORAINE PK WIS TECHNICAL COLLEGE DIST 5% n/a 0.47%
37. NEW HAMPSHIRE ST 5% n/a 0.47%
38. NICOLET WIS HIGH SCH DIST 5% n/a 0.47%
39. OLATHE KANS WTR & SWR SYS REV 5% n/a 0.47%
40. OTSEGO MICH PUB SCHS DIST 5% n/a 0.47%
41. SAN ANTONIO TEX ELEC & GAS REV 5% n/a 0.47%
42. WAUKEE IOWA CMNTY SCH DIST 5% n/a 0.47%
43. ATLANTA GA ARPT REV 5% n/a 0.46%
44. CANYON TEX INDPT SCH DIST 5% n/a 0.46%
45. n/a n/a 0.46%
46. n/a n/a 0.46%
47. n/a n/a 0.46%
48. n/a n/a 0.46%
49. n/a n/a 0.46%
50. NEW CANEY TEX INDPT SCH DIST 5% n/a 0.46%
51. PULASKI TENN ELEC REV 5% n/a 0.46%
52. SARASOTA CNTY FLA UTIL SYS REV 5% n/a 0.46%
53. KNOXVILLE TENN WASTE WTR SYS REV 5% n/a 0.45%
54. LAKE STEVENS SWR DIST WASH SWR REV 5% n/a 0.45%
55. n/a n/a 0.45%
56. n/a n/a 0.45%
57. PARK RIDGE ILL PK DIST 5% n/a 0.45%
58. DES MOINES IOWA 6% n/a 0.41%
59. CASH n/a 0.40%
60. DECATUR GA URBAN REDEV AGY REV 5% n/a 0.40%
61. GALVESTON TEX INDPT SCH DIST 5% n/a 0.40%
62. n/a n/a 0.40%
63. n/a n/a 0.40%
64. NORTH CHARLESTON SC LTD OBLIG 5% n/a 0.40%
65. CHARLESTON CNTY S C 5% n/a 0.39%
66. FORT WORTH TEX DRAIN UTIL SYS REV 5% n/a 0.39%
67. JEFFERSON CNTY ALA BRD ED PUB SCH WTS 5% n/a 0.39%
68. MIAMI-DADE CNTY FLA WTR & SWR REV 5% n/a 0.39%
69. MORRISTOWN TENN 5% n/a 0.39%
70. n/a n/a 0.39%
71. n/a n/a 0.39%
72. n/a n/a 0.39%
73. TOPEKA KANS UTIL REV 5% n/a 0.39%
74. TRINITY RIVER AUTH TEX REV 4% n/a 0.39%
75. WASHINGTON ST 5% n/a 0.39%
76. BROWARD CNTY FLA TOURIST DEV TAX REV 5% n/a 0.34%
77. n/a n/a 0.34%
78. n/a n/a 0.34%
79. ANCHORAGE ALASKA SOLID WASTE SVCS REV 5% n/a 0.33%
80. CALHOUN CNTY TEX INDPT SCH DIST 5% n/a 0.33%
81. COLUMBUS GA BLDG AUTH LEASE REV 5% n/a 0.33%
82. FARGO N D PK DIST 5% n/a 0.33%
83. GATEWAY TECHNICAL COLLEGE DIST WIS 5% n/a 0.33%
84. GRANITE SCH DIST UTAH SALT LAKE CNTY 5% n/a 0.33%
85. IDAHO ENERGY RES AUTH PWR SUPPLY REV 5% n/a 0.33%
86. KINGSPORT TENN 5% n/a 0.33%
87. LOUDON CNTY TENN ELEC SYS REV 5% n/a 0.33%
88. n/a n/a 0.33%
89. PALM BEACH CNTY FLA PUB IMPT REV 5% n/a 0.33%
90. SEATTLE WASH WTR SYS REV 5% n/a 0.33%
91. SMYRNA TENN 5% n/a 0.33%
92. SUNRISE FLA SPL OBLIG 5% n/a 0.33%
93. UTAH WTR FIN AGY REV 5% n/a 0.33%
94. WENATCHEE WASH WTR & SWR REV 5% n/a 0.33%
95. WICHITA KANS WTR & SWR UTIL REV 5% n/a 0.33%
96. CLARK CNTY NEV SALES & EXCISE TAX REV 5% n/a 0.32%
97. COOK CNTY ILL SCH DIST NO 87 BERKELEY 5% n/a 0.32%
98. DELAWARE TRANSN AUTH TRANSN SYS REV 5% n/a 0.32%
99. GRAND VALLEY MICH ST UNIV REV 5% n/a 0.32%
100. n/a n/a 0.32%
101. n/a n/a 0.32%
102. NEW BERLIN WIS 5% n/a 0.32%
103. ORANGE BEACH ALA 4% n/a 0.32%
104. PORT TACOMA WASH REV 5% n/a 0.32%
105. SAN ANTONIO TEX WTR REV 5% n/a 0.32%
106. SHAWNEE KANS 4% n/a 0.32%
107. UNIV S C HIGHER ED REV 5% n/a 0.32%
108. OKALOOSA CNTY FLA WTR & SWR REV 5% n/a 0.27%
109. CHESTER CNTY PA INDL DEV AUTH REV 5% n/a 0.26%
110. CLARK CNTY WASH PUB UTIL DIST NO 001 ELEC REV 5% n/a 0.26%
111. DOUGLAS CNTY NEB SCH DIST NO 010 4% n/a 0.26%
112. LEWISVILLE TEX WTR & SWR REV 5% n/a 0.26%
113. n/a n/a 0.26%
114. NORTH THURSTON PUB SCHS WASH 5% n/a 0.26%
115. CHICAGO ILL O HARE INTL ARPT REV 5% n/a 0.20%
116. CROWLEY TEX INDPT SCH DIST 5% n/a 0.20%
117. DALLAS FORT WORTH TEX INTL ARPT REV 5% n/a 0.20%
118. MONTGOMERY CNTY TENN 5% n/a 0.20%
119. n/a n/a 0.20%
120. n/a n/a 0.20%
121. n/a n/a 0.20%
122. n/a n/a 0.20%
123. PERRY GA PUB FACS AUTH REV 5% n/a 0.20%
124. SEATTLE WASH 5% n/a 0.20%
125. SOUTH JORDAN UTAH WTR REV 5% n/a 0.20%
126. STEVENS POINT WIS 5% n/a 0.20%
127. ENERGY NORTHWEST WASH ELEC REV 4% n/a 0.19%
128. ST LOUIS CNTY MO SPL OBLIG 5% n/a 0.19%
129. UNIVERSITY WASH UNIV REVS 5% n/a 0.19%
130. BERKELEY CNTY S C UTIL REV 5% n/a 0.13%
131. CLARK CNTY WASH PUB UTIL DIST NO 001 WTR REV 5% n/a 0.13%
132. DU PAGE CNTY ILL SCH DIST NO 010 5% n/a 0.13%
133. FLORIDA ST DEPT TRANSN FED HWY REIMBURSEMENT REV 5% n/a 0.13%
134. GEORGETOWN TEX UTIL SYS REV 5% n/a 0.13%
135. GRANT CNTY WASH PUB UTIL DIST NO 2 PRIEST RAPIDS HYDRO ELEC REV 5% n/a 0.13%
136. ISLAND CNTY WASH CONS SCH DIST NO 206 SOUTH WHIDBEY 5% n/a 0.13%
137. KANSAS CITY MO WTR REV 5% n/a 0.13%
138. KANSAS ST DEPT TRANSN HWY REV 5% n/a 0.13%
139. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% n/a 0.13%
140. LUBBOCK TEX WTR & WASTEWATER SYS REV 5% n/a 0.13%
141. MAINE ST TPK AUTH TPK REV 5% n/a 0.13%
142. MORAINE PK WIS TECHNICAL COLLEGE DIST 4% n/a 0.13%
143. MUNICIPAL ELEC AUTH GA 5% n/a 0.13%
144. NEW HAMPSHIRE MUN BD BK 5% n/a 0.13%
145. OSHKOSH WIS WTR REV 5% n/a 0.13%
146. SEATTLE WASH DRAIN & WASTEWATER REV 5% n/a 0.13%
147. TARRANT REGL WTR DIST TEX WTR REV 5% n/a 0.13%
148. TEMPLE TEX UTIL SYS REV 5% n/a 0.13%
149. TOMBALL TEX INDPT SCH DIST 5% n/a 0.13%
150. WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% n/a 0.13%
Holdings data last updated Oct 11, 2026 4:30 AM . Provider-reported weights may not sum exactly to 100%.
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