CLOOvsMUNCETF Comparison
VS
ETF 2
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.03%
NYLI Investment Grade CLO ETF (CLOO) and Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) have similar underlying exposures to countries and sectors. CLOO's top 2 sector exposures are Industrials and Finance. In contrast, MUNC's top sector exposures are Municipal. CLOO is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.18% for MUNC. Run a side-by-side ETF comparison of CLOO and MUNC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CLOO vs MUNC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CLOO MUNC | +0.08%-0.69% | +0.91%-2.02% | n/a-0.89% | n/a+2.94% | n/an/a | n/an/a |
| Flows | CLOO MUNC | +$1M- | +$23M- | --$2M | --$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CLOO MUNC | +0.73%+2.31% | n/a+2.41% | n/an/a | n/an/a |
| Max drawdown | CLOO MUNC | n/a-2.46% | n/a-3.15% | n/an/a | n/an/a |
| Max drawdown duration | CLOO MUNC | n/a58d | n/a185d | n/an/a | n/an/a |
Trading data
CLOO | MUNC | |
Last sale 9/2/2026 at 1:30 PM | $25.15 | $99.54 |
| Previous close 09/02/2026 | $25.15 | $99.54 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
CLOO | MUNC | |
|---|---|---|
| Last price | $25.15 | $99.54 |
| 1D performance | +0.00% | +0.00% |
| AuM | $47.73 M | $7.97 M |
| E/R | 0.25% | 0.18% |
Characteristics
CLOO | MUNC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 18 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 6, 2026 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CLOO
USA
15.76%
Other
84.24%
MUNC
USA
15.7%
Other
84.3%
Sectors
CLOO
Industrials
15.22%
Other
84.78%
MUNC
Municipal
15.7%
Other
84.3%
Diversification
CLOO
Total weight of top 15 holdings out of 15
21.39%
MUNC
Total weight of top 15 holdings out of 15
32.28%
Top 15 holdings
Data as of July 31, 2026
CLOO
US29003NAJ46
1.62%
US442924AU01
1.62%
Apidos CLO 2025-55A, FRN 20jan2039, USD (ABS, A1)
1.62%
US056921AQ24
1.62%
US08182DAN49
1.62%
US720922AL78
1.61%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.61%
US48257PAA12
1.61%
US83011LAJ52
1.61%
US05876HAA05
1.46%
Goldentree Loan Management Us CLO 2023-17A, FRN 20jan2039, USD (ABS, AR)
1.08%
US25255UAN28
1.08%
US559932AA63
1.08%
US26253LBC54
1.08%
US13876FAA84
1.08%
MUNC
Utility Debt Securitization Authority, 5% 15dec2029, USD (2022)
3.34%
US866849W400
3.25%
US544532CU63
3.23%
US930864JG97
3.03%
US64613CAZ14
2.62%
US562895XK30
2.54%
US05914GFN34
1.92%
US153480AJ70
1.86%
US315361MP77
1.84%
Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD
1.71%
US216181GE19
1.44%
US812670DV64
1.42%
US779240RF94
1.39%
US749030EE89
1.37%
US79289ABY82
1.35%
Frequently asked questions about CLOO and MUNC
Which ETF is bigger: CLOO or MUNC?
As of September 2, 2026, CLOO holds $47.73 M in assets under management (AUM), while MUNC manages $7.97 M.
What sectors do the CLOO and MUNC ETFs invest in?
CLOO leans toward sectors like Industrials. Meanwhile, MUNC focuses on Municipal.
What are the top holdings of the CLOO ETF and MUNC ETF?
CLOO top holdings include US29003NAJ46, US442924AU01 and Apidos CLO 2025-55A, FRN 20jan2039, USD (ABS, A1). MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.
Which ETF is more diversified: CLOO or MUNC?
CLOO holds 119 securities with 21.39% of its assets in the top 15. MUNC has 152 securities and a top 15 weight of 32.28%.
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Latest news about CLOO & MUNC
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNC
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