Northern Trust 2046 Tax-Exempt Distributing Ladder ETFMUNG

$99.21

+0.1% last session

[…] YTD

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

1D 1M3MYTD1Y3Y5YMAX

Dividend-adjusted return from the previous closeMUNG

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+3.5%	—	—	—	—	—	−0.7%
Peer average	+0.3%	+3.3%	−0.5%	+0.6%	+1.0%	+15.1%	+2.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $10M
Expense ratio: 0.18%
Distribution yield: 0.6%
NAV: $99.57
Volume: 100
Avg. volume 30D: 105
High today: $99.21
Low today: $99.21
Previous close: $99.16
52-week high: $100.20
52-week low: $95.09
Our risk indicator: 2/5

MUNG in One Breath

MUNG Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.6%$59.6M

#2OVMOverlay Shares+2.4%$46.0M

#3MYMGSPDR+2.2%$8.6M

#4TAXTFlexShares+2.1%$197M

#5SMMUPIMCO+2.1%$1.3B

#6FTMSFranklin Templeton+2.0%$265M

#7MYMFSPDR+1.9%$8.7M

#8IBMOiShares+1.9%$498M

#9CGSMCapital Group+1.9%$1.7B

End-of-day Nov 5, 2026 · 141 Municipal ETFs by YTD

$10,000 in MUNG

$10,000 in MUNG became

$9,935

In the S&P 500 (VOO)

$9,876

Total return, dividends in · Aug 25, 2026 – Nov 3, 2026 · S&P 500 uses VOO

MUNG’s Top Holdings

Today

ST JOHNS CNTY St Johns Cnty Fla Spl Oblig Rev Ref Bds 20252.9%IDAHO BD BK 2.4%RUTHERFORD C2.3%CARROLLTON G2.1%CASH2.1%WASHINGTON S2.1%MEMPHIS TENN2.1%FOX VY PK DI2.0%ILLINOIS ST 2.0%KENTUCKY ST 1.7%INDIANA ST F1.6%GRANITE SCH 1.5%SALES TAX SE1.3%NORTHEAST WI1.2%MARLBORO CNT1.2%NORTHWEST TE1.2%CHICAGO ILL 1.2%PHOENIX ARIZ1.2%PIERCE CNTY 1.2%SCOTT CNTY K1.2%SALT LAKE CN1.1%ST PETERSBUR1.1%

FlexShares MUNG · 183 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What MUNG Holds

Today

All holdings100.0%

ST JOHNS C 2.9 · IDAHO BD B 2.4 · RUTHERFORD 2.3 · CARROLLTON 2.1 · CASH 2.1 · WASHINGTON 2.1 · MEMPHIS TE 2.1

FlexShares MUNG · share of the fund · as of Nov 4, 2026

St’s Share of MUNG

Today

2.9%

$29 of every $1,000 in MUNG is St

St held by MUNG

$287K

FlexShares MUNG · each square = $10 of $1,000 · as of Nov 4, 2026

MUNG’s Share of Municipal ETFs

Today

0.0%

of the $244B in 166 Municipal ETFs

MUNG$10.0M0.0%

MUB$54.7B22.4%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 5, 2026

MUNG 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

MUNG$0.18

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 5, 2026

Inside MUNG

183 holdings · as of Nov 4, 2026

MUNG

Northern Trust 2046 Tax-Exempt Distributing Ladder ETF

Today

All holdings100.0%ST Johns C2.9%Idaho BD B2.4%Rutherford2.3%Carrollton2.1%CASH169 more holdings73.0% of the fund

All holdings100.0%ST Johns C2.9%CASH177 more holdings86.3% of the fund

#	Ticker	Company	Weight ▼
1	—	ST Johns Cnty FLA SPL Oblig REV REF BDS 2025	2.89%
2	—	Idaho BD BK Auth REV REF BDS 2026a 27/may/2026	2.36%
3	—	Rutherford Cnty Tenn GEN Oblig REF BDS 2026	2.27%
4	—	Carrollton GA Indpt SCH SYS GEN Oblig BDS B	2.08%
5	CASH	CASH	2.07%
6	—	Washington ST VAR Purp GO BDS 2021 C 25/feb/2021	2.06%
7	—	Memphis Tenn GEN Impt BDS 2026 04/mar/2026	2.05%
8	—	FOX VY PK Dist ILL GO TAX BDS 2025 25/sep/2025	2.00%
9	—	Illinois ST Sales TAX REV JR Oblig Build BDS	1.96%
10	—	Kentucky ST TPK Auth Economic DEV RD REV REF BDS	1.72%

FlexShares MUNG · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 34.2%

How It Compares

MUNG

Northern Trust 2046 Tax-Exempt Distributing Ladder ETF’s Peers

YTD

		Trend
MUB	iSharesRead Desk		0.05%	+0.1%	+0.7%	$54.7B
VTEB	VanguardRead Desk		0.03%	+0.2%	+0.7%	$49.6B
SUB	iSharesRead Desk		0.07%	+1.5%	+2.3%	$13.3B
JMUB	J.P. MorganRead Desk		0.18%	+0.3%	+0.8%	$9.0B
CGMU	Capital GroupRead Desk		0.27%	+0.8%	+1.4%	$7.5B
MUNG	FlexSharesThis fundRead Desk	New fund	0.18%	new	new	$10M

Municipal peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put MUNG head to head with MUB →

MUB vs MUNG

YTD

MUBiShares · MunicipalMUNGFlexShares · Municipal

Year to date

+0.1%

[…]

Level

Past year

+0.7%

[…]

Level

Fee

0.05%

0.18%

MUB winslower fee

Yield

3.3%

0.6%

MUB wins+2.7 pts

AUM

$54.7B

$10.0M

MUB5489.1× more

2–0MUB wins

iShares MUB and FlexShares MUNG · year-to-date · as of Nov 5, 2026 · AUM not scored

MUNG vs Its Peer Average

YTD

MUNGAvsBPeer average

1D+0.1%+0.3%

1M+3.5%+3.3%

3M[…]−0.5%

YTD[…]+0.6%

1Y[…]+1.0%

3Y[…]+15.1%

5Y[…]+2.7%

1–1level

165 Municipal peers · each row scaled to its leader

The Details

MUNG

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−5.4%

52-week range

$99.21

$95.09−1.0% from the high$100.20

FlexShares MUNG · past-year price moves · as of Nov 5, 2026

MUNG

Fund Facts

Today

2026launched Aug 25

Tracks[…]

Exchange · CUSIPAMEX · 66516K608

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FlexShares MUNG · fund facts · as of Nov 5, 2026

MUNG

Payouts by Year

$0.28per share, Nov 2026

Distribution yield0.6%

Paid[…]

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

2 payouts added up$0.60 a share

FlexShares MUNG · 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$99.57

Premium / discount[…]

Median spread · 30D[…]

Volume today100

Average volume · 30D105

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	$0.28
Oct 1, 2026	Oct 7, 2026	$0.32

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