MUNBvsFTMNETF Comparison
ETF 1
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.14%
VS
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) and Franklin Minnesota Municipal Income ETF (FTMN) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MUNB is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.35% for FTMN. MUNB is down -0.94% year-to-date (YTD) with +$9M in YTD flows. FTMN performs worse with -3.94% YTD performance, and +$114M in YTD flows. Run a side-by-side ETF comparison of MUNB and FTMN 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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MUNB vs FTMN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNB FTMN | -1.32%-3.32% | -1.43%-4.55% | -0.94%-3.94% | -0.49%n/a | n/an/a | n/an/a |
| Flows | MUNB FTMN | -+$89M | -+$89M | +$9M+$114M | +$9M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNB FTMN | +1.94%+4.12% | +1.77%n/a | n/an/a | n/an/a |
| Max drawdown | MUNB FTMN | -1.87%-5.46% | -2.75%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNB FTMN | 67d73d | 197dn/a | n/an/a | n/an/a |
Trading data
MUNB | FTMN | |
Last sale 9/11/2026 at 1:30 PM | $98.70 | $8.44 |
| Previous close 09/10/2026 | $98.58 | $8.42 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
MUNB | FTMN | |
|---|---|---|
| Last price | $98.70 | $8.44 |
| 1D performance | +0.12% | +0.24% |
| AuM | $13.80 M | $275.48 M |
| E/R | 0.18% | 0.35% |
Characteristics
MUNB | FTMN | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 31 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNB
USA
15.62%
Other
84.38%
FTMN
USA
15.9%
Other
84.1%
Sectors
MUNB
Municipal
15.62%
Other
84.38%
FTMN
Municipal
15.9%
Other
84.1%
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Diversification
MUNB
Total weight of top 15 holdings out of 15
16.64%
FTMN
Total weight of top 15 holdings out of 15
26.6%
Top 15 holdings
Data as of July 31, 2026
MUNB
District of Columbia, 5% 1dec2026, USD
1.52%
US153476GN09
1.45%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.12%
US749845H220
1.12%
US64711PNE69
1.10%
District of Columbia, 5% 1jan2029, USD (2023A)
1.10%
US495098D288
1.06%
US639905EW41
1.02%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.86%
FTMN
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.72%
US60416JDA51
2.47%
Minneapolis, 4% 15nov2040, USD
2.23%
US604140XU23
1.97%
US603767PE84
1.86%
US958697KL75
1.85%
US0363034T98
1.71%
US604140XV06
1.69%
US425507LC26
1.66%
US425533CN48
1.64%
US819190VY24
1.54%
US60416JHN37
1.49%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.33%
US852297DB34
1.22%
Minneapolis, 5% 15nov2034, USD
1.20%
Frequently asked questions about MUNB and FTMN
How have the MUNB and FTMN ETFs performed in 2026?
As of September 11, 2026, MUNB is down -0.94% year-to-date (YTD), while FTMN has lost -3.94%. That puts MUNB better performer ahead so far this year.
Which ETF is attracting more investor money: MUNB or FTMN?
Year-to-date, the MUNB ETF saw +$9M in flows, compared to +$114M for FTMN.
Which ETF is bigger: MUNB or FTMN?
As of September 11, 2026, MUNB holds $13.80 M in assets under management (AUM), while FTMN manages $275.48 M.
What sectors do the MUNB and FTMN ETFs invest in?
MUNB leans toward sectors like Municipal. Meanwhile, FTMN focuses on Municipal.
What are the top holdings of the MUNB ETF and FTMN ETF?
MUNB top holdings include District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84. FTMN holds in its top three: Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A), US60416JDA51 and Minneapolis, 4% 15nov2040, USD.
Which ETF is more diversified: MUNB or FTMN?
MUNB holds 252 securities with 16.64% of its assets in the top 15. FTMN has 191 securities and a top 15 weight of 26.6%.
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Latest news about MUNB & FTMN
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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