FECMvsMUNFETF Comparison
VS
ETF 2
MUNF
Northern Trust 2036 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.18%
First Eagle Core Municipal ETF (FECM) and Northern Trust 2036 Tax-Exempt Distributing Ladder ETF (MUNF) belong to the same industry segment: Municipal Bonds. FECM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MUNF's top sector exposures are Municipal. FECM is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.1% for MUNF. Run a side-by-side ETF comparison of FECM and MUNF 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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FECM vs MUNF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FECM MUNF | -4.54%-3.88% | -4.39%n/a | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | FECM MUNF | -- | +$15M- | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FECM MUNF | +12.24%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown | FECM MUNF | -5.61%n/a | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FECM MUNF | 76dn/a | n/an/a | n/an/a | n/an/a |
Trading data
FECM | MUNF | |
Last sale 9/29/2026 at 3:26 PM | $23.63 | $95.99 |
| Previous close 09/29/2026 | $23.68 | $96.10 |
| Consolidated volume 09/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/29/2026 at 3:26 PM
Live
Closed
FECM | MUNF | |
|---|---|---|
| Last price | $23.63 | $95.99 |
| 1D performance | -0.21% | -0.11% |
| AuM | $14.68 M | $4.80 M |
| E/R | 0.25% | 0.1% |
Characteristics
FECM | MUNF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Eagle Investments | Northern Trust |
| Benchmark | - | - |
| N° of holdings | 42 | 21 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 1, 2026 | August 26, 2026 |
| ESG | No | No |
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Exposure
Countries
FECM
USA
30.74%
Other
69.26%
MUNF
USA
16.21%
Other
83.79%
Sectors
FECM
Municipal
30.11%
Other
69.89%
MUNF
Municipal
16.21%
Other
83.79%
Diversification
FECM
Total weight of top 15 holdings out of 15
26.14%
MUNF
Total weight of top 15 holdings out of 15
26.8%
Top 15 holdings
Data as of August 31, 2026
FECM
US932423XQ48
2.41%
New York Dormitory Authority, 5% 15feb2037, USD (2016A)
2.00%
US20775DX645
1.97%
US45204F3W38
1.93%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
1.93%
US196502AT55
1.83%
US270083R919
1.76%
US490229AR23
1.67%
US34073XKE75
1.67%
San Jose (CA), 5% 1mar2047, USD (2017A)
1.64%
US483270HS69
1.51%
New York Dormitory Authority, 3.25% 1jul2034, USD
1.49%
US71883MPY48
1.46%
Illinois Toll Highway Authority, 5% 1jan2041, USD
1.45%
US45204ESZ24
1.42%
MUNF
Indiana Finance Authority, 5% 1feb2028, USD (2017C)
3.08%
Illinois Toll Highway Authority, 5% 1jan2029, USD
2.26%
US66285WT630
1.98%
US927022UM32
1.91%
US23503CAV90
1.79%
US181117GV88
1.77%
US235219PM89
1.62%
US43232RCP38
1.61%
US749845K448
1.61%
City of Orlando, 5% 1oct2027, USD (2018B)
1.58%
US152708CX94
1.56%
US914845VF66
1.53%
US194740UL80
1.51%
US181012BZ77
1.50%
US882669DK71
1.48%
Frequently asked questions about FECM and MUNF
Which ETF is bigger: FECM or MUNF?
As of September 29, 2026, FECM holds $14.68 M in assets under management (AUM), while MUNF manages $4.80 M.
What sectors do the FECM and MUNF ETFs invest in?
FECM leans toward sectors like Municipal. Meanwhile, MUNF focuses on Municipal.
What are the top holdings of the FECM ETF and MUNF ETF?
FECM top holdings include US932423XQ48, New York Dormitory Authority, 5% 15feb2037, USD (2016A) and US20775DX645. MUNF holds in its top three: Indiana Finance Authority, 5% 1feb2028, USD (2017C), Illinois Toll Highway Authority, 5% 1jan2029, USD and US66285WT630.
Which ETF is more diversified: FECM or MUNF?
FECM holds 130 securities with 26.14% of its assets in the top 15. MUNF has 129 securities and a top 15 weight of 26.8%.
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