Price Chart
Key Statistics
Previous Close
$101.79Day Range
52-Week Range
Avg Volume
22Dividend Yield
1.70%Expense Ratio
0.18%AUM
$8.2MShares Outstanding
99.1KETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Country Allocation
| Country | Weight % |
|---|---|
| Other | 100.00% |
Fund Information
- Issuer
- FlexShares
- Types
- Income
- Inception Date
- Aug 18, 2025
- Exchange
- NYSE_ARCA
- Description
- The Fund seeks to provide periodic distributions consisting of income exempt from regular federal income tax and/or principal through 2045.For investors seeking a spend-down strategy to manage recurring expenses through distribution of tax-exempt monthly income and annual principal over a twenty-year time horizon.
The Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) is an exchange-traded fund issued by FlexShares that launched on Aug 18, 2025. It currently manages $8.2M in assets under management. The fund charges an expense ratio of 0.18%. The fund holds 151 securities in its portfolio.
Top 10 holdings represent 28.2% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | UTILITY DEBT SECURITIZATION AUTH N Y RESTRUCTURING | 3.33% | 250,000 | $274K |
| 2 | — | SUN PRAIRIE WIS GO PROM NTS 2025A 27/AUG/2025 | 3.23% | 245,000 | $266K |
| 3 | — | LOS ANGELES CALIF DEPT WTR & PWR REV SYS BDS 2021 | 3.18% | 250,000 | $262K |
| 4 | — | IOWA FIN AUTH REV ST REVOLVING FD BDS 2025A | 3.15% | 230,000 | $260K |
| 5 | — | WAKE CNTY N C GO REF BDS 2024B 11/JUN/2024 | 3.04% | 220,000 | $251K |
| 6 | — | NEW JERSEY ST TRANSN TR FD AUTH PROG BDS 2022 BB | 2.62% | 195,000 | $216K |
| 7 | — | MANHATTAN KANS GO BDS 2025-A 12/JUN/2025 | 2.56% | 185,000 | $210K |
| 8 | — | CASH | 2.52% | 207,621 | $208K |
| 9 | — | GRAND PRAIRIE TEX COMBINATION TAX REV CTFS OBLIG | 2.41% | 180,000 | $198K |
| 10 | — | ROUND ROCK TEX INDPT SCH DIST UNLTD TAX BLDG BDS | 2.14% | 155,000 | $176K |
| 11 | — | BALTIMORE CNTY MD GO REF BDS 2024 24/JUL/2024 | 1.92% | 140,000 | $158K |
| 12 | — | CENTRAL FLA TOURISM OVERSIGHT DIST AD VALOREM TAX | 1.86% | 135,000 | $153K |
| 13 | — | FERRIS ST UNIV MICH REV GEN BDS 2025A 19/FEB/2025 | 1.85% | 135,000 | $153K |
| 14 | — | CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO | 1.72% | 120,000 | $142K |
| 15 | — | DISTRICT COLUMBIA INCOME TAX REV SECD BDS 2025 A | 1.54% | 120,000 | $127K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.21% | |
| 1W | -0.08% | |
| 1M | +1.43% | |
| 3M | -0.67% | |
| 6M | -0.09% | |
| YTD | +0.01% | |
| 1Y | +2.64% | |
| 3Y | +2.64% | |
| 5Y | +2.64% |
Moving Averages
$102.09
Below 20-Day MA$103.05
Below 50-Day MA$102.71
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$104.81
Current Price
$102.00
52-Week Low
$100.11
Current Yield
1.70%
Annual Dividend
$1.1071
Frequency
12x/year
Last Ex-Date
Mar 2, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Mar 2, 2026 | $0.2302 | Mar 6, 2026 |
| Feb 2, 2026 | $0.3414 | Feb 6, 2026 |
| Dec 19, 2025 | $0.2724 | Dec 26, 2025 |
| Dec 1, 2025 | $0.2632 | Dec 5, 2025 |
| Nov 3, 2025 | $0.2718 | Nov 7, 2025 |
| Oct 1, 2025 | $0.2698 | Oct 7, 2025 |
| Sep 2, 2025 | $0.1078 | Sep 8, 2025 |
Dividend Payments Over Time
Category Comparison
No category data available for comparison.
Compare with Another ETF
Search for an ETF to compare with MUNC:
The Beginner's Guide to ETFs
20 pages. Zero fluff. Everything you need to start investing in ETFs.
No spam. Unsubscribe anytime.