MUND: NORTHERN TRUST 2055 TAX-EXEMPT DISTRIBUTING LADDER ETF

Generated from StockValueFinder data · Updated Oct 12, 2026 2:11 AM

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 2055 Tax-Exempt Distributing Ladder ETF (MUND) is designed to provide investors with tax-exempt income. It does this by holding a variety of municipal bonds. Based on the top holdings, these include bonds from places like Massachusetts, New York, and Texas.

What the numbers show

As of October 9, 2026, the share price was $97.09.

When looking at performance, it is important to distinguish between price return and total return:

• Price Return: This measures only the change in the share price. The one-year price return was -5.34%, and the year-to-date (YTD) price return was -5.85%.

• Total Return: This reflects the overall return, including distributions. The one-year total return was -1.86%, and the YTD total return was -3.26%.

To put this in perspective, the estimated price from roughly one year ago was $102.56. If an investor had put $10,000 into the shares a year ago, the value of those shares alone (without counting distributions) would have declined based on the price return.

Income and distribution explanation

This ETF usually pays out distributions monthly. Over the last 12 months, it made 12 payments totaling $3.70 per share. This results in a distribution yield of approximately 3.82%.

It is important for beginners to remember that a high distribution yield alone can be misleading. While these payments provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time. StockValueFinder uses an erosion-risk score to measure this risk. MUND has an erosion score of 75, which is labeled as "mild price erosion." This means there is a mild risk that the fund's value is deteriorating.

Top Holdings

The fund holds 91 different assets. Because the list is partial, we only see the Top Holdings (updated October 11, 2026):

• Massachusetts St 5%: 4.67%

• New York NY City Transitional Fin Auth Rev 5%: 3.68%

• Lubbock Tex Elec Lt & Pwr Sys Rev 5%: 3.31%

• Anne Arundel Cnty MD 5%: 2.99%

• Pasco Cnty Fla Cap Impt Non-Ad Valorem Rev 5%: 2.66%

Pros

• Provides regular monthly cash distributions.

• Focuses on tax-exempt municipal bonds.

Cons

• The share price has declined over the last year and year-to-date.

• It has a "mild" erosion-risk score.

• The total return for the year was negative.

Beginner takeaway

MUND provides monthly income through tax-exempt bonds, but the share price has been falling. While the total return is higher than the price return because of the distributions, both figures are currently negative. Investors typically care about principal stability, meaning they want their initial investment to stay intact while they collect income.

Top Holdings

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

91 holdings available

#	Holding	Ticker	Weight
1	MASSACHUSETTS ST 5%	n/a	4.67%
2	NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%	n/a	3.68%
3	LUBBOCK TEX ELEC LT & PWR SYS REV 5%	n/a	3.31%
4	ANNE ARUNDEL CNTY MD 5%	n/a	2.99%
5	PASCO CNTY FLA CAP IMPT NON-AD VALOREM REV 5%	n/a	2.66%
6	n/a	n/a	2.62%
7	MASSACHUSETTS ST DEV FIN AGY REV 5%	n/a	2.41%
8	IOWA FIN AUTH REV 5%	n/a	2.05%
9	LANSE CREUSE MICH PUB SCHS 5%	n/a	2.05%
10	SUN PRAIRIE WIS 5%	n/a	1.95%

Show all 91 holdings

1. MASSACHUSETTS ST 5% n/a 4.67%

2. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% n/a 3.68%

3. LUBBOCK TEX ELEC LT & PWR SYS REV 5% n/a 3.31%

4. ANNE ARUNDEL CNTY MD 5% n/a 2.99%

5. PASCO CNTY FLA CAP IMPT NON-AD VALOREM REV 5% n/a 2.66%

6. n/a n/a 2.62%

7. MASSACHUSETTS ST DEV FIN AGY REV 5% n/a 2.41%

8. IOWA FIN AUTH REV 5% n/a 2.05%

9. LANSE CREUSE MICH PUB SCHS 5% n/a 2.05%

10. SUN PRAIRIE WIS 5% n/a 1.95%

11. TRIBOROUGH BRDG & TUNL AUTH N Y REAL ESTATE TRANSFER TAX REV 5% n/a 1.85%

12. ILLINOIS ST SALES TAX REV 5% n/a 1.81%

13. WASHINGTON ST 5% n/a 1.62%

14. MARYLAND ST 5% n/a 1.60%

15. n/a n/a 1.59%

16. HARRIS CNTY TEX 5% n/a 1.50%

17. MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5% n/a 1.50%

18. DOWNTOWN SMYRNA DEV AUTH GA REV 5% n/a 1.47%

19. UTILITY DEBT SECURITIZATION AUTH N Y 5% n/a 1.47%

20. PENNSYLVANIA ST TPK COMMN TPK REV 5% n/a 1.41%

21. FOX VY TECHNICAL COLLEGE DIST WIS 4% n/a 1.24%

22. ISLIP N Y 5% n/a 1.24%

23. OMAHA PUB PWR DIST NEB ELEC REV 5% n/a 1.24%

24. DUVAL CNTY FLA SCH BRD CTFS PARTN 5% n/a 1.18%

25. n/a n/a 1.11%

26. n/a n/a 1.10%

27. INDIANA ST FIN AUTH REV 5% n/a 1.09%

28. ANNA TEX INDPT SCH DIST 5% n/a 1.05%

29. SEATTLE WASH MUN LT & PWR REV 5% n/a 1.05%

30. LUBBOCK COOPER TEX INDPT SCH DIST 5% n/a 1.03%

31. n/a n/a 1.02%

32. COLORADO SPRINGS COLO UTILS REV 5.25% n/a 0.99%

33. NEW JERSEY ST TPK AUTH TPK REV 5.25% n/a 0.98%

34. PENNSYLVANIA ST TPK COMMN TPK REV 5.25% n/a 0.97%

35. TUSCALOOSA ALA 5.25% n/a 0.97%

36. SOUTH DAKOTA CONSERVANCY DIST REV 5% n/a 0.96%

37. TEXAS TECH UNIV REVS 5% n/a 0.96%

38. CASH n/a 0.95%

39. n/a n/a 0.95%

40. UNIVERSITY ILL UNIV REVS 5% n/a 0.95%

41. n/a n/a 0.92%

42. LOS ANGELES CALIF UNI SCH DIST 5% n/a 0.88%

43. ROCKWALL TEX INDPT SCH DIST 5% n/a 0.82%

44. SALES TAX SECURITIZATION CORP ILL 5% n/a 0.75%

45. REDFORD MICH UN SCH DIST NO 001 6% n/a 0.71%

46. BELLVILLE TEX INDPT SCH DIST 5% n/a 0.70%

47. n/a n/a 0.69%

48. TAYLOR TEX INDPT SCH DIST 5% n/a 0.67%

49. PENNSYLVANIA ST UNIV 5.5% n/a 0.66%

50. CHARLOTTE N C ARPT REV 5.25% n/a 0.65%

51. n/a n/a 0.65%

52. NEW HAMPSHIRE MUN BD BK 5% n/a 0.65%

53. CRESTWOOD MICH SCH DIST 5% n/a 0.64%

54. FERRIS TEX INDPT SCH DIST 5% n/a 0.64%

55. TIMPANOGOS SPL SVC DIST UTAH SWR REV 5% n/a 0.64%

56. WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5.25% n/a 0.64%

57. YORK CNTY S C SCH DIST NO 4 FORT MILL 5% n/a 0.64%

58. CANYONS SCH DIST UTAH 5% n/a 0.63%

59. FLORIDA ST BRD ED LOTTERY REV 5% n/a 0.63%

60. MEMPHIS TENN 5% n/a 0.63%

61. NEW MEXICO FIN AUTH REV 5% n/a 0.63%

62. REDDING CALIF JT PWRS FING AUTH ELEC SYS REV 5% n/a 0.63%

63. SNOHOMISH CNTY WASH SCH DIST NO 015 EDMONDS 5% n/a 0.61%

64. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5.25% n/a 0.59%

65. SALT LAKE CNTY UTAH SALES TAX REV 5% n/a 0.56%

66. FOLSOM CORDOVA CALIF UNI SCH DIST 5% n/a 0.53%

67. OKEMOS MICH PUB SCH DIST 5% n/a 0.53%

68. PEACE RIVER/MANASOTA REGL WTR SUPPLY AUTH FLA REV 5.5% n/a 0.53%

69. ARGYLE TEX INDPT SCH DIST 5.25% n/a 0.52%

70. NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING WTR REV 5% n/a 0.52%

71. METROPOLITAN ATLANTA RAPID TRAN AUTH GA SALES TAX REV 5% n/a 0.51%

72. KING CNTY WASH 5% n/a 0.47%

73. HUMBLE TEX INDPT SCH DIST 5% n/a 0.46%

74. SAN JOSE CALIF 5% n/a 0.46%

75. UNIVERSITY CALIF REVS 5% n/a 0.46%

76. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% n/a 0.45%

77. CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO 5% n/a 0.40%

78. NEW YORK N Y 5% n/a 0.40%

79. NEW YORK N Y 5.25% n/a 0.39%

80. ENERGY NORTHWEST WASH ELEC REV 5% n/a 0.34%

81. KING & SNOHOMISH CNTYS WASH SCH DIST NO 417 NORTHSHORE 5% n/a 0.34%

82. SAN DIEGO CALIF PUB FACS FING AUTH WTR REV 5% n/a 0.34%

83. CALIFORNIA EDL FACS AUTH REV 5% n/a 0.33%

84. OKLAHOMA CAP IMP AUTH ST HWY CAP IMPT REV 5.25% n/a 0.33%

85. SAN DIEGO CALIF CMNTY COLLEGE DIST 5% n/a 0.32%

86. VIRGINIA PORT AUTH PORT FAC REV 5.25% n/a 0.32%

87. WASHINGTON CNTY ORE SCH DIST NO 48J BEAVERTON 5% n/a 0.19%

88. LONGVIEW TEX INDPT SCH DIST 5% n/a 0.07%

89. ROMA TEX INDPT SCH DIST 5% n/a 0.07%

90. MIAMI-DADE CNTY FLA WTR & SWR REV 5% n/a 0.06%

91. SALISBURY N C ENTERPRISE SYS REV 5% n/a 0.06%

Holdings data last updated Oct 11, 2026 4:25 AM . Provider-reported weights may not sum exactly to 100%.