# Northern Trust 2045 Tax-Exempt ETF Uses 20 Maturity Rungs

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/46749
Published: 2026-11-02T18:18:52.000Z
Updated: 2026-11-02T18:18:52.000Z
Section: Investing

> The fund seeks periodic distributions from income exempt from regular federal income tax and/or principal.

The Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) has a municipal debt portfolio structured across 20 maturity rungs through 2045. The fund seeks periodic distributions from income exempt from regular federal income tax and/or principal.

Distributions may include returned principal. Municipal bond interest may also be subject to state and local taxes.