MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
📎 Investment Objective
The Northern Trust 2045 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.
Overview
ETF tracking Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Northern Trust 2045 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.
🎯 Investment Strategy
The ETF employs a laddered approach, investing in municipal bonds with staggered maturity dates. This strategy aims to generate consistent tax-exempt income while managing interest rate risk. The fund's holdings are actively managed to maintain the targeted maturity ladder and credit quality.
✨ Key Features
- Diversified portfolio of municipal bonds with varying maturities
- Laddered approach to manage interest rate risk
- Actively managed to maintain the targeted maturity ladder and credit quality
- Seeks to provide tax-exempt income and capital appreciation
⚠️ Primary Risks
- Interest rate risk: The value of the fund's holdings may decline as interest rates rise
- 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 may experience periods of low liquidity, which could affect the fund's ability to sell its holdings
- Tax risk: Changes in tax laws or regulations could affect the tax-exempt status of the fund's distributions
👤 Best For
This ETF may be suitable for investors seeking tax-exempt income and moderate capital appreciation, with a medium-term investment horizon. It may be particularly attractive for investors in higher tax brackets who are looking to minimize their tax liability.