Northern Trust 2036 Tax-Exempt Distributing Ladder ETFMUNF

$99.56

+0.1% last session

[…] YTD

Data as of 11/3/20264:00 PM ET · End-of-day

1D 1M3MYTD1Y3Y5YMAX

Dividend-adjusted total return · S&P 500 uses VOO · Aug 26, 2026 – Nov 3, 2026MUNFS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+3.0%	—	—	—	—	—	+0.1%
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: $5M
Expense ratio: 0.18%
Distribution yield: 0.5%
NAV: $99.55
Volume: 100
Avg. volume 30D: 155
High today: $99.56
Low today: $99.56
Previous close: $99.51
52-week high: $100.20
52-week low: $95.99
Our risk indicator: 2/5

MUNF in One Breath

MUNF Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#9CGSMCapital Group+1.7%$1.7B

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in MUNF

$10,000 in MUNF became

$10,012

In the S&P 500 (VOO)

$9,874

Total return, dividends in · Aug 26, 2026 – Nov 3, 2026 · S&P 500 uses VOO

MUNF’s Top Holdings

Today

INDIANA ST FINIndiana St Fin Auth Rev St Revolving Fd Ref Bds3.0%CASH2.6%RHODE IS INF2.5%ILLINOIS ST 2.2%NORTH TEX TW1.9%VILLA PARK I1.9%DALLAS FORT 1.7%CLARK CNTY W1.7%DALLAS TEX G1.6%HILLSBOROUGH1.6%RACINE CNTY 1.6%ORLANDO FLA 1.5%CENTRAL BROW1.5%UNIVERSITY S1.5%COLLIN CNTY 1.5%CLARK CNTY N1.5%TEXAS PUB FI1.4%METROPOLITAN1.4%BRADLEY ILL 1.4%LAWRENCEVILL1.4%KENOSHA CNTY1.4%WILSON CNTY 1.4%

FlexShares MUNF · 130 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What MUNF Holds

Today

All holdings100.0%

INDIANA ST 3.0 · CASH 2.6 · RHODE IS I 2.5 · ILLINOIS S 2.2 · NORTH TEX 1.9 · VILLA PARK 1.9 · DALLAS FOR 1.7

FlexShares MUNF · share of the fund · as of Nov 3, 2026

Indiana’s Share of MUNF

Today

3.0%

$30 of every $1,000 in MUNF is Indiana

Indiana held by MUNF

$149K

FlexShares MUNF · each square = $10 of $1,000 · as of Nov 3, 2026

MUNF’s Share of Municipal ETFs

Today

0.0%

of the $244B in 166 Municipal ETFs

MUNF$5.0M0.0%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 4, 2026

MUNF Fee per $100 vs Peers

Today

$0.18a year
per $100

$18 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

MUNF$0.18

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside MUNF

130 holdings · as of Nov 3, 2026

MUNF

Northern Trust 2036 Tax-Exempt Distributing Ladder ETF

Today

All holdings100.0%Indiana ST3.0%CASH2.6%Rhode IS I2.5%Illinois S2.2%North TEX 1.9%Villa Park1.9%Dallas For1.7%Clark Cnty1.7%Dallas TEX1.6%116 more holdings73.2% of the fund

All holdings100.0%Indiana ST3.0%CASH2.6%Rhode IS I2.5%124 more holdings85.9% of the fund

#	Ticker	Company	Weight ▼
1	—	Indiana ST FIN Auth REV ST Revolving FD REF BDS	2.99%
2	CASH	CASH	2.64%
3	—	Rhode IS Infrastructure BK ST Revolving FD REV BDS	2.47%
4	—	Illinois ST Toll HWY Auth Toll Highway REV REF BDS	2.20%
5	—	North TEX TWY Auth REV SYS REF First Tier BDS	1.91%
6	—	Villa Park ILL GEN Oblig REF BDS 2026 A	1.86%
7	—	Dallas Fort Worth TEX Intl Arpt REV JT REF BDS	1.75%
8	—	Clark Cnty Wash PUB Util Dist NO 001 Generating	1.73%
9	—	Dallas TEX GO REF Impt BDS 2019a 15/may/2019	1.58%
10	—	Hillsborough Cnty FLA CAP Impt Non-ad Valorem REV	1.57%

FlexShares MUNF · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 35.5%

How It Compares

MUNF

Northern Trust 2036 Tax-Exempt Distributing Ladder ETF’s Peers

Today

		Trend
MUB	iSharesRead Desk		0.05%	0.0%	+0.1%	$54.5B
VTEB	VanguardRead Desk		0.03%	0.0%	+0.1%	$49.6B
SUB	iSharesRead Desk		0.07%	+0.1%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk		0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk		0.27%	+0.1%	+1.1%	$7.5B
MUNF	FlexSharesThis fundRead Desk	New fund	0.18%	+0.1%	new	$5M

Municipal peers · Today’s and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put MUNF head to head with MUB →

MUB vs MUNF

YTD

MUBiShares · MunicipalMUNFFlexShares · Municipal

Year to date

−0.4%

[…]

Level

Past year

+0.1%

[…]

Level

Fee

0.05%

0.18%

MUB winslower fee

Yield

3.3%

0.5%

MUB wins+2.8 pts

AUM

$54.5B

$5.0M

MUB10946.2× more

2–0MUB wins

iShares MUB and FlexShares MUNF · year-to-date · as of Nov 4, 2026 · AUM not scored

MUNF vs Its Peer Average

YTD

MUNFAvsBPeer average

1D+0.1%0.0%

1M+3.0%+2.9%

3M[…]−0.9%

YTD[…]+0.3%

1Y[…]+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

2–0MUNF wins

165 Municipal peers · each row scaled to its leader

The Details

MUNF

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−4.0%

52-week range

$99.56

$95.99−0.6% from the high$100.20

FlexShares MUNF · past-year price moves · as of Nov 4, 2026

MUNF

Fund Facts

Today

2026launched Aug 25

Tracks[…]

Exchange · CUSIPAMEX · 66516K509

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FlexShares MUNF · fund facts · as of Nov 4, 2026

MUNF

Payouts by Year

$0.24per share, Nov 2026

Distribution yield0.5%

Paid[…]

Latest ex-date · paidNov 2 · Nov 6, 2026

2 payouts added up$0.51 a share

FlexShares MUNF · distributions by ex-date · 2026–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$99.55

Premium / discount[…]

Median spread · 30D[…]

Volume today100

Average volume · 30D155

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	$0.24
Oct 1, 2026	Oct 7, 2026	$0.27

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