Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC)
Management Company · ARCX · Series S000093502 · View on SEC EDGAR ↗
$100.46
As of Aug. 27, 2026
▼ -0.10 (-0.10%)
1-day change
$100.46 – $100.83
52-week range
- Net assets
- $8.2M
- Holdings
- 150
- As of
- June 30, 2026
- Top 10 holdings weight
- 25.16%
- Effective number of positions
- 80.9
- Positions above 1%
- 30
On this page
- Price chart The fund's market price over time, with technical overlays.
- Performance Total return, volatility, drawdown and other risk metrics.
- Fund flows Money flowing in and out of the fund each month, from N-PORT filings.
- Holdings Every position the fund currently holds, with weights.
- Sector breakdown How the fund's holdings split across market sectors.
- Dividends The fund's distribution history and current yield.
- Institutional owners 13F institutions that report holding this ETF.
- Similar funds Other funds with overlapping holdings or comparable size.
MUNC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Performance as of Aug. 26, 2026
| Period | Price return | Total return |
|---|---|---|
| 1M | — | — |
| 3M | — | — |
| 6M | — | — |
| YTD | — | — |
| 1Y | — | — |
| 3Y | — | — |
| 5Y | — | — |
| Max since Aug. 18, 2026 | ▼ -0.09% | ▼ -0.09% |
- Volatility 1Y
- —
- Volatility 3Y
- —
- Max drawdown 3Y
- —
- Beta 3Y
- —
- Sharpe 1Y*
- —
Total return assumes dividends are reinvested. Returns are not benchmarked against an index. * Sharpe ratio is computed with a 0% risk-free rate.
Fund flows (SEC-reported)
- Last month (Jun 2026)
- +$0
- Quarter ending Jun 2026
- +$0
- Trailing 12 months
- -$2.1M
Jul 2025 – Jun 2026
Based on the fund's own SEC Form N-PORT monthly flow disclosures (Item C.9 "Flow Information") — sales minus redemptions, reinvested distributions excluded. This is a different, independent metric from the "Net flows" estimate above (which is derived from daily shares-outstanding changes). SEC N-PORT filing lag is up to ~60 days; the most recent month/quarter may not yet be fully reflected.
Full composition 150 holdings · Category: DBT
| Name | CUSIP | Value | % | Balance | Country |
|---|---|---|---|---|---|
| Utility Debt Securitization Authority | 91802REX3 | $271K | 3.29 | 250,000 | US |
| City of Sun Prairie WI | 866849W40 | $264K | 3.21 | 245,000 | US |
| Los Angeles Department of Water & Power | 544532CU6 | $261K | 3.17 | 250,000 | US |
| County of Wake NC | 930864JG9 | $249K | 3.02 | 220,000 | US |
| New Jersey Transportation Trust Fund Authority | 64613CAZ1 | $215K | 2.61 | 195,000 | US |
| City of Manhattan KS | 562895XK3 | $209K | 2.54 | 185,000 | US |
| County of Baltimore MD | 05914GFN3 | $157K | 1.90 | 140,000 | US |
| Ferris State University | 315361MP7 | $153K | 1.85 | 135,000 | US |
| Central Florida Tourism Oversight District | 153480AJ7 | $153K | 1.85 | 135,000 | US |
| Metropolitan Water Reclamation District of Greater Chicago | 167560MS7 | $141K | 1.71 | 120,000 | US |
| Cook Kane Lake & McHenry Counties Community College District No. 512 | 216181GE1 | $116K | 1.41 | 115,000 | US |
| Seattle Museum Development Authority | 812670DV6 | $115K | 1.39 | 110,000 | US |
| Round Rock Independent School District | 779240RF9 | $115K | 1.39 | 100,000 | US |
| Quitman Independent School District | 749030EE8 | $113K | 1.37 | 100,000 | US |
| City of New York NY | 64966SPF7 | $111K | 1.35 | 100,000 | US |
| St Paul Independent School District No. 625 | 79289ABY8 | $110K | 1.33 | 100,000 | US |
| Kentucky State Property & Building Commission | 49151FYX2 | $107K | 1.30 | 105,000 | US |
| Madison County Board of Education/AL | 556752RC9 | $107K | 1.29 | 95,000 | US |
| Mansfield Independent School District | 564386VA5 | $103K | 1.25 | 90,000 | US |
| State of Florida | 34153QTU0 | $98K | 1.19 | 90,000 | US |
| Utah Transit Authority | 917567JG5 | $97K | 1.18 | 85,000 | US |
| Commonwealth of Massachusetts | 57582TCY6 | $97K | 1.18 | 85,000 | US |
| State of Hawaii | 419792JT4 | $96K | 1.16 | 95,000 | US |
| Lubbock-Cooper Independent School District | 549108J74 | $95K | 1.16 | 85,000 | US |
| District of Columbia Income Tax Revenue | 25477GXT7 | $87K | 1.06 | 85,000 | US |
| Minneapolis Special School District No. 1 | 603790NF9 | $86K | 1.05 | 85,000 | US |
| Illinois State Toll Highway Authority | 452252PD5 | $86K | 1.04 | 85,000 | US |
| Iowa Finance Authority | 46247SGE8 | $86K | 1.04 | 75,000 | US |
| City of San Antonio TX Electric & Gas Systems Revenue | 79625GLK7 | $84K | 1.02 | 75,000 | US |
| Missouri Joint Municipal Electric Utility Commission | 606092QU1 | $84K | 1.02 | 75,000 | US |
| State of Wisconsin | 97705MSX4 | $80K | 0.97 | 75,000 | US |
| City of New York NY | 64966SLV6 | $78K | 0.95 | 70,000 | US |
| City of Grand Prairie TX | 386138W31 | $77K | 0.94 | 70,000 | US |
| State of Nevada | 641462WJ1 | $75K | 0.92 | 75,000 | US |
| City of Charleston SC | 160357ZJ1 | $75K | 0.91 | 65,000 | US |
| State of Florida Department of Transportation Turnpike System Revenue | 343137QT5 | $75K | 0.91 | 75,000 | US |
| Iowa Finance Authority | 46247SGJ7 | $73K | 0.88 | 65,000 | US |
| Greater Martinsville School Building Corp. | 392130GL8 | $73K | 0.88 | 65,000 | US |
| Massachusetts Development Finance Agency | 57585BGU6 | $70K | 0.85 | 60,000 | US |
| State of Washington | 93974FCP6 | $69K | 0.84 | 60,000 | US |
| JEA Electric System Revenue | 46613SSM3 | $69K | 0.84 | 60,000 | US |
| Iowa Finance Authority | 46247SGH1 | $67K | 0.82 | 60,000 | US |
| County of Clark NV | 181000UW8 | $63K | 0.77 | 55,000 | US |
| Lake County Township High School District No. 113-Highland Park | 509084KU2 | $62K | 0.76 | 55,000 | US |
| State of Washington | 93974EYS9 | $62K | 0.76 | 55,000 | US |
| Commonwealth of Massachusetts | 57582TCG5 | $62K | 0.75 | 55,000 | US |
| Warren Consolidated Schools | 935341T31 | $61K | 0.74 | 55,000 | US |
| Wyandotte City School District | 982781JX5 | $61K | 0.74 | 55,000 | US |
| Utica Community Schools/MI | 9176612F6 | $57K | 0.69 | 50,000 | US |
| City of Grand Prairie TX Water & Wastewater System Revenue | 386168ZF8 | $56K | 0.68 | 50,000 | US |
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Sector breakdown
Other/Unmapped
100.0%
Dividends 12 payments
3.10%
TTM yield
$3.11
TTM payout / share
Monthly
(est.)
| Ex-date | Amount / share |
|---|---|
| Aug. 3, 2026 | $0.2810 |
| July 1, 2026 | $0.2610 |
| June 1, 2026 | $0.2760 |
| May 1, 2026 | $0.2670 |
| April 1, 2026 | $0.2710 |
| March 2, 2026 | $0.2300 |
| Feb. 2, 2026 | $0.3410 |
| Dec. 19, 2025 | $0.2720 |
| Dec. 1, 2025 | $0.2630 |
| Nov. 3, 2025 | $0.2720 |
| Oct. 1, 2025 | $0.2700 |
| Sept. 2, 2025 | $0.1080 |
Institutional owners (13F) 6 filers
Institutions that report holding this ETF in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| Institution | Value | % of tracked 13F | Shares | Type | As of |
|---|---|---|---|---|---|
| MORGAN STANLEY | $2,056,494 | 25.46% | 20,000 | Shares | June 30, 2026 |
| BANK OF AMERICA CORP /DE/ | $2,056,480 | 25.46% | 20,000 | Shares | June 30, 2026 |
| JPMORGAN CHASE & CO | $1,541,859 | 19.09% | 15,000 | Shares | June 30, 2026 |
| OLD MISSION CAPITAL LLC | $1,260,528 | 15.60% | 12,259 | Shares | June 30, 2026 |
| NORTHERN TRUST CORP | $710,724 | 8.80% | 6,912 | Shares | June 30, 2026 |
| JANE STREET GROUP, LLC | $451,709 | 5.59% | 4,393 | Shares | June 30, 2026 |
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