Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026MUNBS&P 500 · VOO
Northern Trust 2035 Tax-Exempt Distributing Ladder ETFMUNB
$99.57
0.0% last session
+0.4% YTD
Data as of 11/3/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | 0.0% | +2.5% | +0.1% | +0.4% | +0.9% | — | — | +2.4% |
| Peer average | 0.0% | +2.9% | −0.9% | +0.3% | +0.6% | +14.6% | +2.5% | — |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $14M
- Expense ratio
- 0.18%
- Distribution yield
- 2.4%
- NAV
- $99.46
- Volume
- 100
- Avg. volume 30D
- 591
- High today
- $99.57
- Low today
- $99.57
- Previous close
- $99.54
- 52-week high
- $102.82
- 52-week low
- $96.52
- Our risk indicator
- 2/5
MUNB in One Breath
MUNB Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in MUNB
5Y$10,000 in MUNB became
$10,255
In the S&P 500 (VOO)
$12,156
Total return, dividends in · Aug 19, 2025 – Nov 4, 2026 · S&P 500 uses VOO
MUNB’s Top Holdings
TodayRACINE CNTY WIRacine Cnty Wis Go Corporate Purp Bds 2024a1.8%LAS VEGAS VY1.8%NEW MEXICO F1.6%DISTRICT COL1.5%CASH1.5%CENTRAL FLA 1.4%WASHINGTON S1.2%DISTRICT COL1.2%FLORIDA ST B1.1%GARDNER KANS1.1%DISTRICT COL1.1%KING CNTY WA1.0%NEENAH WIS J1.0%WHEELING ILL1.0%DALLAS FORT 0.9%IDAHO ST BLD0.9%RACINE CNTY 0.9%TALLAHASSEE 0.8%NEW MEXICO F0.8%CLARK CNTY N0.8%SUN PRAIRIE 0.8%DUTCHESS CNT0.8%
RACINE CNTY WIRacine Cnty Wis Go Corporate Purp Bds 2024a1.8%LAS VEGAS VY1.8%NEW MEXICO F1.6%DISTRICT COL1.5%CASH1.5%CENTRAL FLA 1.4%WASHINGTON S1.2%DISTRICT COL1.2%FLORIDA ST B1.1%GARDNER KANS1.1%DISTRICT COL1.1%KING CNTY WA1.0%
FlexShares MUNB · 258 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026
What MUNB Holds
TodayAll holdings100.0%
RACINE CNT 1.8 · LAS VEGAS 1.8 · NEW MEXICO 1.6 · DISTRICT C 1.5 · CASH 1.5 · CENTRAL FL 1.4 · WASHINGTON 1.2
FlexShares MUNB · share of the fund · as of Nov 4, 2026
Racine’s Share of MUNB
Today1.8%
$18 of every $1,000 in MUNB is Racine
Racine held by MUNB
$256K
FlexShares MUNB · each square = $10 of $1,000 · as of Nov 4, 2026
MUNB’s Share of Municipal ETFs
Today0.0%
of the $244B in 166 Municipal ETFs
$13.9M0.0%
$54.5B22.3%
$49.6B20.3%
$140B57.3%
Municipal ETF AUM · Nov 4, 2026
MUNB Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside MUNB
258 holdings · as of Nov 4, 2026MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
TodayAll holdings100.0%Racine Cnt1.8%LAS Vegas 1.8%NEW Mexico1.6%District C1.5%CASH1.5%244 more holdings81.6% of the fund
All holdings100.0%CASH252 more holdings90.3% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | Racine Cnty WIS GO Corporate Purp BDS 2024a | 1.84% |
| 2 | — | LAS Vegas VY NEV WTR Dist GO TAX REF BDS 2021 | 1.79% |
| 3 | — | NEW Mexico FIN Auth REV SR Lien PUB Proj Revolving | 1.64% |
| 4 | — | District Columbia REV Federal HWY Grant Antic BDS | 1.51% |
| 5 | CASH | CASH | 1.47% |
| 6 | — | Central FLA Expwy Auth SR Lienrev REF BDS 2021 | 1.44% |
| 7 | — | Washington ST Ctfs Partn Cops 2024a 27/feb/2024 | 1.20% |
| 8 | — | District Columbia GO BDS 2023 B 23/mar/2023 | 1.17% |
| 9 | — | Florida ST BRD ED PUB ED REF CAP Outlay BDS 2021 A | 1.13% |
| 10 | — | Gardner Kans GO BDS 2020a 28/may/2020 01/oct/2027 | 1.12% |
FlexShares MUNB · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 23.6%
How It Compares
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put MUNB head to head with MUB →MUB vs MUNB
YTDYear to date
MUNB wins+0.8 pts
Past year
MUNB wins+0.8 pts
Fee
MUB winslower fee
Yield
MUB wins+0.9 pts
AUM
MUB3913.0× more
2–2level
iShares MUB and FlexShares MUNB · year-to-date · as of Nov 4, 2026 · AUM not scored
MUNB vs VOO
YTDMUNB · Northern Trust 2035 Tax-Exempt Distributing Ladder
+0.4%
VOO · S&P 500
+11.5%
Gap
11.1 pts
FlexShares MUNB and Vanguard VOO · YTD total return · as of Nov 4, 2026
MUNB vs Its Peer Average
YTDMUNBAvsBPeer average
1D0.0%0.0%
1M+2.5%+2.9%
3M+0.1%−0.9%
YTD+0.4%+0.3%
1Y+0.9%+0.6%
3Y[…]+14.6%
5Y[…]+2.5%
4–1MUNB wins
165 Municipal peers · each row scaled to its leader
The Details
MUNB
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y2.47%
Deepest drop · 1Y−4.8%
Lowest point · 5Y−1.2%
52-week range
$99.57
$96.52−3.2% from the high$102.82
FlexShares MUNB · past-year price moves · as of Nov 4, 2026
MUNB
Fund Facts
Today2025launched Aug 18
Tracks[…]
Exchange · CUSIPAMEX · 665162178
StructureETF
Leverage1x
Cost on $10,000$18 a year
Go deeper
FlexShares MUNB · fund facts · as of Nov 4, 2026
MUNB
Payouts by Year
2Y$0.21per share, Nov 2026
Distribution yield2.4%
PaidEvery month
Latest ex-date · paidNov 2 · Nov 6, 2026
12 payouts added up$2.36 a share
FlexShares MUNB · distributions by ex-date · 2025–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Trading & Liquidity
Net asset value$99.46
Premium / discount[…]
Median spread · 30D[…]
Volume today100
Average volume · 30D591
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.18%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$18.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Nov 2, 2026 | Nov 6, 2026 | $0.21 |
| Oct 1, 2026 | Oct 7, 2026 | $0.20 |
| Sep 1, 2026 | Sep 8, 2026 | $0.21 |
| Aug 3, 2026 | Aug 7, 2026 | $0.21 |
| Jul 1, 2026 | Jul 8, 2026 | $0.20 |
| Jun 1, 2026 | Jun 5, 2026 | $0.19 |
| May 1, 2026 | May 7, 2026 | $0.17 |
| Apr 1, 2026 | Apr 7, 2026 | $0.20 |
| Mar 2, 2026 | Mar 6, 2026 | $0.13 |
| Feb 2, 2026 | Feb 6, 2026 | $0.21 |
| Dec 19, 2025 | Dec 26, 2025 | $0.21 |
| Dec 1, 2025 | Dec 5, 2025 | $0.20 |
Issuer contentFrom FlexSharesHear the strategy from the people behind MUNB.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →