MUNCvsMBBAETF Comparison
ETF 1
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.28%
VS
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) and iShares Mortgage-Backed Securities Active ETF (MBBA) have similar underlying exposures to countries and sectors. MUNC's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Industrials and Non-Corporate. MUNC is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of MUNC and MBBA 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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MUNC vs MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNC MBBA | +3.89%+2.01% | -0.53%-1.44% | -0.63%n/a | -0.18%n/a | n/an/a | n/an/a |
| Flows | MUNC MBBA | -+$39M | -+$592M | -$2M- | -$2M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNC MBBA | +4.61%+6.04% | +3.09%n/a | n/an/a | n/an/a |
| Max drawdown | MUNC MBBA | -5.01%-4.67% | -6.70%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNC MBBA | 74d62d | 239dn/a | n/an/a | n/an/a |
Trading data
MUNC | MBBA | |
Last sale 10/27/2026 at 1:30 PM | $99.60 | $47.98 |
| Previous close 10/26/2026 | $99.56 | $47.92 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
MUNC | MBBA | |
|---|---|---|
| Last price | $99.60 | $47.98 |
| 1D performance | +0.04% | +0.11% |
| AuM | $7.97 M | $744.93 M |
| E/R | 0.18% | 0.26% |
Characteristics
MUNC | MBBA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | iShares |
| Benchmark | - | - |
| N° of holdings | 20 | 26 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
MUNC
USA
15.66%
Other
84.34%
MBBA
Data will be available soon
Sectors
MUNC
Municipal
15.66%
Other
84.34%
MBBA
Data will be available soon
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Diversification
MUNC
Total weight of top 15 holdings out of 15
32.31%
MBBA
Data will be available soon
Top 15 holdings
Data as of August 31, 2026
MUNC
Utility Debt Securitization Authority, 5% 15dec2029, USD (2022)
3.33%
US866849W400
3.26%
US544532CU63
3.24%
US930864JG97
3.04%
US64613CAZ14
2.63%
US562895XK30
2.54%
US05914GFN34
1.92%
US153480AJ70
1.85%
US315361MP77
1.84%
Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD
1.70%
US216181GE19
1.44%
US812670DV64
1.42%
US779240RF94
1.39%
US749030EE89
1.37%
US79289ABY82
1.35%
MBBA
Data will be available soon
Frequently asked questions about MUNC and MBBA
Which ETF is bigger: MUNC or MBBA?
As of October 26, 2026, MUNC holds $7.97 M in assets under management (AUM), while MBBA manages $744.93 M.
What sectors do the MUNC and MBBA ETFs invest in?
MUNC leans toward sectors like Municipal. Meanwhile, MBBA focuses on Industrials.
What are the top holdings of the MUNC ETF and MBBA ETF?
MUNC top holdings include Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63. MBBA holds in its top three: US01F0206A20, US01F0226A83 and US01F0526982.
Which ETF is more diversified: MUNC or MBBA?
MUNC holds 152 securities with 32.31% of its assets in the top 15. MBBA has 506 securities and a top 15 weight of 85.37%.
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Latest news about MUNC & MBBA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNC
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