MUNDvsCLOAETF Comparison
ETF 1
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.69%
VS
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. MUND's top 1 sector exposures are Municipal. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. MUND is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.2% for CLOA. MUND is down -1.4% year-to-date (YTD) with -$4M in YTD flows. CLOA performs better with 3.36% YTD performance, and +$902M in YTD flows. Run a side-by-side ETF comparison of MUND and CLOA 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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MUND vs CLOA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUND CLOA | -2.50%+0.48% | -2.81%+1.22% | -1.40%+3.36% | +0.62%+4.99% | n/a+20.16% | n/an/a |
| Flows | MUND CLOA | -+$21M | -$4M+$99M | -$4M+$902M | -$6M+$1.12B | -+$2.23B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUND CLOA | +2.88%+0.21% | +2.54%+0.45% | n/a+0.59% | n/an/a |
| Max drawdown | MUND CLOA | -3.68%n/a | -3.68%-0.11% | n/a-0.75% | n/an/a |
| Max drawdown duration | MUND CLOA | 66dn/a | 66d4d | n/a21d | n/an/a |
Trading data
MUND | CLOA | |
Last sale 9/11/2026 at 1:30 PM | $98.95 | $51.85 |
| Previous close 09/10/2026 | $98.20 | $51.85 |
| 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
MUND | CLOA | |
|---|---|---|
| Last price | $98.95 | $51.85 |
| 1D performance | +0.76% | +0.01% |
| AuM | $3.96 M | $2.28 B |
| E/R | 0.18% | 0.2% |
Characteristics
MUND | CLOA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | iShares |
| Benchmark | - | - |
| N° of holdings | 20 | 65 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | January 10, 2023 |
| ESG | No | No |
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Exposure
Countries
MUND
USA
16.28%
Other
83.72%
CLOA
USA
19.24%
Other
80.76%
Sectors
MUND
Municipal
16.28%
Other
83.72%
CLOA
Industrials
17.39%
Other
82.61%
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Diversification
MUND
Total weight of top 15 holdings out of 15
31.27%
CLOA
Total weight of top 15 holdings out of 15
13.75%
Top 15 holdings
Data as of July 31, 2026
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%
CLOA
BlackRock Cash Funds - Treasury
1.85%
US48257WAA62
0.91%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.91%
1988 CLO 2023-2A, FRN 15apr2038, USD (ABS, A1R)
0.91%
US87268VAA35
0.91%
US29003NAJ46
0.91%
US04018XAN93
0.91%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.91%
US48255UAV61
0.89%
US64754YAA73
0.86%
US143111AY87
0.84%
US003943AA51
0.78%
US03330WAU80
0.73%
US29002AAW45
0.73%
US48254LAN55
0.69%
Frequently asked questions about MUND and CLOA
How have the MUND and CLOA ETFs performed in 2026?
As of September 10, 2026, MUND is down -1.4% year-to-date (YTD), while CLOA has returned 3.36%. That puts CLOA better performer ahead so far this year.
Which ETF is attracting more investor money: MUND or CLOA?
Year-to-date, the MUND ETF saw -$4M in flows, compared to +$902M for CLOA.
Which ETF is more volatile: MUND or CLOA?
Over the past year, MUND had a volatility of 2.54%, while CLOA experienced 0.45%.
Which ETF is bigger: MUND or CLOA?
As of September 10, 2026, MUND holds $3.96 M in assets under management (AUM), while CLOA manages $2.28 B.
What sectors do the MUND and CLOA ETFs invest in?
MUND leans toward sectors like Municipal. Meanwhile, CLOA focuses on Industrials.
What are the top holdings of the MUND ETF and CLOA ETF?
MUND top holdings include Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1).
Which ETF is more diversified: MUND or CLOA?
MUND holds 98 securities with 31.27% of its assets in the top 15. CLOA has 414 securities and a top 15 weight of 13.75%.
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Latest news about MUND & CLOA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs
June 27, 2024
CLOA
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