Northern Trust's MUNB ETF Uses a Municipal Bond Ladder Through 2035
Photo: TokenPost
The Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) uses a municipal-bond ladder with maturity rungs through 2035 and has a monthly income distribution frequency. The fund is designed to distribute income and/or principal. Its distributions may include a return of capital. Interest from municipal bonds is generally exempt from regular federal income tax, though state and local taxes may apply. The tax classification of part of a payout may change at year-end.
Source: TokenPost
