Price Chart
Key Statistics
Previous Close
$102.25Day Range
N/A52-Week Range
Avg Volume
429Dividend 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 25.9% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | UTILITY DEBT SECURITIZATION AUTH N Y RESTRUCTURING | 3.32% | 250,000 | $273K |
| 2 | — | SUN PRAIRIE WIS GO PROM NTS 2025A 27/AUG/2025 | 3.23% | 245,000 | $265K |
| 3 | — | LOS ANGELES CALIF DEPT WTR & PWR REV SYS BDS 2021 | 3.18% | 250,000 | $261K |
| 4 | — | WAKE CNTY N C GO REF BDS 2024B 11/JUN/2024 | 3.03% | 220,000 | $249K |
| 5 | — | NEW JERSEY ST TRANSN TR FD AUTH PROG BDS 2022 BB | 2.62% | 195,000 | $215K |
| 6 | — | MANHATTAN KANS GO BDS 2025-A 12/JUN/2025 | 2.55% | 185,000 | $209K |
| 7 | — | CASH | 2.31% | 189,542 | $190K |
| 8 | — | BALTIMORE CNTY MD GO REF BDS 2024 24/JUL/2024 | 1.91% | 140,000 | $157K |
| 9 | — | CENTRAL FLA TOURISM OVERSIGHT DIST AD VALOREM TAX | 1.86% | 135,000 | $153K |
| 10 | — | FERRIS ST UNIV MICH REV GEN BDS 2025A 19/FEB/2025 | 1.85% | 135,000 | $152K |
| 11 | — | CHICAGO ILL MET WTR RECLAMATION DIST GTR CHICAGO | 1.72% | 120,000 | $142K |
| 12 | — | COOK KANE LAKE & MC HENRY CNTYS ILL CMNTY COLLEGE | 1.42% | 115,000 | $116K |
| 13 | — | SEATTLE WASH MUSEUM DEV AUTH SPL OBLIG REF BDS | 1.40% | 110,000 | $115K |
| 14 | — | ROUND ROCK TEX INDPT SCH DIST UNLTD TAX BLDG BDS | 1.40% | 100,000 | $115K |
| 15 | — | QUITMAN TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2025 | 1.37% | 100,000 | $113K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | — | |
| 1W | -0.20% | |
| 1M | +0.25% | |
| 3M | -0.55% | |
| 6M | -0.33% | |
| YTD | -0.51% | |
| 1Y | +2.11% | |
| 3Y | +2.11% | |
| 5Y | +2.11% |
Moving Averages
$102.09
Above 20-Day MA$102.22
Above 50-Day MA$102.64
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$104.81
Current Price
$102.64
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
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