FAAAvsMUNDETF Comparison
VS
ETF 2
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.1%
Fidelity AAA CLO ETF (FAAA) and Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) have similar underlying exposures to countries and sectors. FAAA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, MUND's top sector exposures are Municipal. FAAA is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.18% for MUND. Run a side-by-side ETF comparison of FAAA and MUND 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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FAAA vs MUND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAAA MUND | +0.48%-0.53% | +1.29%-0.76% | n/a+0.34% | n/a+4.48% | n/an/a | n/an/a |
| Flows | FAAA MUND | +$26M- | +$56M-$4M | --$4M | --$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAAA MUND | +0.20%+2.40% | n/a+2.54% | n/an/a | n/an/a |
| Max drawdown | FAAA MUND | n/a-1.98% | n/a-2.81% | n/an/a | n/an/a |
| Max drawdown duration | FAAA MUND | n/a53d | n/a115d | n/an/a | n/an/a |
Trading data
FAAA | MUND | |
Last sale 8/31/2026 at 1:36 PM | $50.21 | $100.71 |
| Previous close 08/27/2026 | $50.24 | $100.71 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/31/2026 at 1:36 PM
Live
Closed
FAAA | MUND | |
|---|---|---|
| Last price | $50.21 | $100.71 |
| 1D performance | -0.07% | +0.00% |
| AuM | $100.26 M | $4.04 M |
| E/R | 0.2% | 0.18% |
Characteristics
FAAA | MUND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | FlexShares |
| Benchmark | - | - |
| N° of holdings | 30 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 11, 2026 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
FAAA
USA
19.24%
Other
80.76%
MUND
USA
16.28%
Other
83.72%
Sectors
FAAA
Industrials
15.86%
Other
84.14%
MUND
Municipal
16.28%
Other
83.72%
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Diversification
FAAA
Total weight of top 15 holdings out of 15
20.73%
MUND
Total weight of top 15 holdings out of 15
31.27%
Top 15 holdings
Data as of July 31, 2026
FAAA
Fidelity Cash Central Fund
3.38%
AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR)
1.42%
Ares Loan Funding 2024-ALF8, FRN 25jan2038, USD (ABS, A1)
1.35%
US55952EAL56
1.35%
US55823TAA34
1.35%
US26254KAS24
1.35%
US92919DAL29
1.35%
US00176HAA86
1.35%
US55955LAS16
1.28%
US12575MAA99
1.15%
US83011LAJ52
1.08%
US13877EAL65
1.08%
US12567MAN11
1.08%
US29002UAS96
1.08%
US55954NAS80
1.08%
MUND
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
3.17%
US549203WZ61
3.17%
US70252FAM68
3.10%
US03588JPC08
2.31%
US452227VK43
2.23%
US495033HC93
2.00%
US562895XK30
1.91%
US64972JWB06
1.86%
US267169HC76
1.83%
US261174FF89
1.79%
US866849W574
1.73%
US05914GFN34
1.63%
US774286FD54
1.62%
US79467BHP31
1.48%
US495033HF25
1.45%
Frequently asked questions about FAAA and MUND
Which ETF is bigger: FAAA or MUND?
As of August 28, 2026, FAAA holds $100.26 M in assets under management (AUM), while MUND manages $4.04 M.
What sectors do the FAAA and MUND ETFs invest in?
FAAA leans toward sectors like Industrials. Meanwhile, MUND focuses on Municipal.
What are the top holdings of the FAAA ETF and MUND ETF?
FAAA top holdings include Fidelity Cash Central Fund, AGL CLO 2022-17A, FRN 22jan2035, USD (ABS, AR) and Ares Loan Funding 2024-ALF8, FRN 25jan2038, USD (ABS, A1). MUND holds in its top three: Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68.
Which ETF is more diversified: FAAA or MUND?
FAAA holds 178 securities with 20.73% of its assets in the top 15. MUND has 98 securities and a top 15 weight of 31.27%.
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Latest news about FAAA & MUND
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
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