MUNB

📎 Investment Objective

The Northern Trust 2035 Tax-Exempt Distributing Ladder ETF seeks to provide tax-exempt income and capital appreciation by investing in a diversified portfolio of municipal bonds with varying maturities that are expected to mature or be called in 2035.

✨ Key Features

• Targets municipal bonds expected to mature or be called in 2035
• Utilizes a laddered portfolio structure to manage interest rate risk
• Seeks to provide tax-exempt income and capital appreciation
• Actively managed to maintain the targeted maturity profile

⚠️ Primary Risks

• Interest rate risk: The fund's performance may be negatively impacted by rising interest rates
• Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
• Liquidity risk: The municipal bond market can experience periods of reduced liquidity, which may impact the fund's ability to sell holdings
• Tax risk: Changes in tax laws or regulations may affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and moderate capital appreciation, with a time horizon aligned with the 2035 target maturity. Investors should have a moderate risk tolerance and be comfortable with the interest rate and credit risks associated with municipal bond investments.