MUNFvsCLOAETF Comparison
ETF 1
MUNF
Northern Trust 2036 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
VS
Northern Trust 2036 Tax-Exempt Distributing Ladder ETF (MUNF) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. MUNF's top 1 sector exposures are Municipal. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. MUNF is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.2% for CLOA. Run a side-by-side ETF comparison of MUNF 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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MUNF vs CLOA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNF CLOA | +3.76%+0.32% | n/a+1.19% | n/a+3.89% | n/a+4.91% | n/a+19.88% | n/an/a |
| Flows | MUNF CLOA | -+$451M | -+$617M | -+$1.41B | -+$1.37B | -+$2.74B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNF CLOA | n/a+0.27% | n/a+0.44% | n/a+0.59% | n/an/a |
| Max drawdown | MUNF CLOA | n/a-0.07% | n/a-0.07% | n/a-0.75% | n/an/a |
| Max drawdown duration | MUNF CLOA | n/a4d | n/a4d | n/a21d | n/an/a |
Trading data
MUNF | CLOA | |
Last sale 10/29/2026 at 2:00 PM | $99.45 | $51.93 |
| Previous close 10/28/2026 | $99.45 | $51.96 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 2:00 PM
Live
Closed
MUNF | CLOA | |
|---|---|---|
| Last price | $99.45 | $51.93 |
| 1D performance | -0.01% | -0.07% |
| AuM | $4.97 M | $2.79 B |
| E/R | 0.1% | 0.2% |
Characteristics
MUNF | CLOA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Northern Trust | iShares |
| Benchmark | - | - |
| N° of holdings | 21 | 60 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | January 10, 2023 |
| ESG | No | No |
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Exposure
Countries
MUNF
USA
16.21%
Other
83.79%
CLOA
USA
17.11%
Other
82.89%
Sectors
MUNF
Municipal
16.21%
Other
83.79%
CLOA
Industrials
16.17%
Other
83.83%
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Diversification
MUNF
Total weight of top 15 holdings out of 15
26.8%
CLOA
Total weight of top 15 holdings out of 15
12.89%
Top 15 holdings
Data as of August 31, 2026
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%
CLOA
BlackRock Cash Funds - Treasury
0.93%
US48257WAA62
0.89%
US67126BAA17
0.89%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.89%
US87268VAA35
0.89%
US29003NAJ46
0.89%
US04018XAN93
0.89%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.89%
US83011VAL80
0.89%
US488934AA89
0.88%
US64754YAA73
0.84%
US143111AY87
0.82%
SONA US CLO 2026-2A, FRN 22jul2039, USD (ABS, A1)
0.80%
US64134JAL70
0.77%
US149791BG90
0.72%
Frequently asked questions about MUNF and CLOA
Which ETF is bigger: MUNF or CLOA?
As of October 28, 2026, MUNF holds $4.97 M in assets under management (AUM), while CLOA manages $2.79 B.
What sectors do the MUNF and CLOA ETFs invest in?
MUNF leans toward sectors like Municipal. Meanwhile, CLOA focuses on Industrials.
What are the top holdings of the MUNF ETF and CLOA ETF?
MUNF top holdings include Indiana Finance Authority, 5% 1feb2028, USD (2017C), Illinois Toll Highway Authority, 5% 1jan2029, USD and US66285WT630. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and US67126BAA17.
Which ETF is more diversified: MUNF or CLOA?
MUNF holds 129 securities with 26.8% of its assets in the top 15. CLOA has 426 securities and a top 15 weight of 12.89%.
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Latest news about MUNF & CLOA
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