MUNBvsMUNCETF Comparison
ETF 1
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.24%
VS
ETF 2
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.24%
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) and Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) 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. Both MUNB and MUNC have the same Total Expense Ratio (TER) of 0.18%. MUNB is down -0.52% year-to-date (YTD) with +$9M in YTD flows. MUNC performs worse with -1.32% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of MUNB 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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MUNB vs MUNC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNB MUNC | -0.90%-1.67% | -1.13%-2.48% | -0.52%-1.32% | +0.36%+0.94% | n/an/a | n/an/a |
| Flows | MUNB MUNC | -- | -- | +$9M-$2M | +$9M-$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNB MUNC | +1.66%+2.38% | +1.72%+2.33% | n/an/a | n/an/a |
| Max drawdown | MUNB MUNC | -1.37%-2.89% | -2.40%-3.57% | n/an/a | n/an/a |
| Max drawdown duration | MUNB MUNC | 65d65d | 195d192d | n/an/a | n/an/a |
Trading data
MUNB | MUNC | |
Last sale 9/10/2026 at 1:46 PM | $99.13 | $99.09 |
| Previous close 09/09/2026 | $99.13 | $99.09 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:46 PM
Live
Closed
MUNB | MUNC | |
|---|---|---|
| Last price | $99.13 | $99.09 |
| 1D performance | +0.00% | +0.00% |
| AuM | $13.86 M | $7.94 M |
| E/R | 0.18% | 0.18% |
Characteristics
MUNB | MUNC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | FlexShares |
| Benchmark | - | - |
| N° of holdings | 31 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNB
USA
15.62%
Other
84.38%
MUNC
USA
15.7%
Other
84.3%
Sectors
MUNB
Municipal
15.62%
Other
84.38%
MUNC
Municipal
15.7%
Other
84.3%
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Diversification
MUNB
Total weight of top 15 holdings out of 15
16.64%
MUNC
Total weight of top 15 holdings out of 15
32.28%
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%
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 MUNB and MUNC
How have the MUNB and MUNC ETFs performed in 2026?
As of September 9, 2026, MUNB is down -0.52% year-to-date (YTD), while MUNC has lost -1.32%. That puts MUNB better performer ahead so far this year.
Which ETF is attracting more investor money: MUNB or MUNC?
Year-to-date, the MUNB ETF saw +$9M in flows, compared to -$2M for MUNC.
Which ETF is more volatile: MUNB or MUNC?
Over the past year, MUNB had a volatility of 1.72%, while MUNC experienced 2.33%.
Which ETF is bigger: MUNB or MUNC?
As of September 9, 2026, MUNB holds $13.86 M in assets under management (AUM), while MUNC manages $7.94 M.
What sectors do the MUNB and MUNC ETFs invest in?
MUNB leans toward sectors like Municipal. Meanwhile, MUNC focuses on Municipal.
What are the top holdings of the MUNB ETF and MUNC ETF?
MUNB top holdings include District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84. MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.
Which ETF is more diversified: MUNB or MUNC?
MUNB holds 252 securities with 16.64% 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 MUNB & MUNC
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
MUNC
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