MUNFvsPSQAETF 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 Palmer Square CLO Senior Debt ETF (PSQA) have similar underlying exposures to countries and sectors. MUNF's top 1 sector exposures are Municipal. In contrast, PSQA's top sector exposures are Industrials and Non-Corporate. MUNF is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.21% for PSQA. Run a side-by-side ETF comparison of MUNF and PSQA 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 PSQA 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 PSQA | +3.76%+0.38% | n/a+1.28% | n/a+4.15% | n/a+5.10% | n/an/a | n/an/a |
| Flows | MUNF PSQA | -+$26M | -+$101M | -+$176M | -+$197M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNF PSQA | n/a+0.20% | n/a+0.43% | n/an/a | n/an/a |
| Max drawdown | MUNF PSQA | n/an/a | n/a-0.24% | n/an/a | n/an/a |
| Max drawdown duration | MUNF PSQA | n/an/a | n/a20d | n/an/a | n/an/a |
Trading data
MUNF | PSQA | |
Last sale 10/29/2026 at 2:00 PM | $99.45 | $20.67 |
| Previous close 10/28/2026 | $99.45 | $20.65 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MUNF
is actively managed and doesn’t replicate an indexMUNF | PSQA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 2:00 PM
Live
Closed
MUNF | PSQA | |
|---|---|---|
| Last price | $99.45 | $20.67 |
| 1D performance | -0.01% | +0.10% |
| AuM | $4.97 M | $248.65 M |
| E/R | 0.1% | 0.21% |
Characteristics
MUNF | PSQA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | Palmer Square |
| Benchmark | - | Palmer Square CLO Senior Debt Index |
| N° of holdings | 21 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | September 11, 2024 |
| ESG | No | No |
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Exposure
Countries
MUNF
USA
16.21%
Other
83.79%
PSQA
USA
14.84%
Other
85.16%
Sectors
MUNF
Municipal
16.21%
Other
83.79%
PSQA
Industrials
14.55%
Other
85.45%
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Diversification
MUNF
Total weight of top 15 holdings out of 15
26.8%
PSQA
Total weight of top 15 holdings out of 15
21.9%
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%
PSQA
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
2.00%
US75884YAK47
1.91%
US12549QBL86
1.64%
US64132TAU79
1.43%
US74971CAU71
1.43%
US12553DAS62
1.43%
US03768UAG40
1.43%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.43%
US03990HAA68
1.43%
US75884EAN22
1.43%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.43%
US675949AQ45
1.31%
US67097LAV80
1.20%
US67402CBU99
1.19%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.19%
Frequently asked questions about MUNF and PSQA
Which ETF is bigger: MUNF or PSQA?
As of October 28, 2026, MUNF holds $4.97 M in assets under management (AUM), while PSQA manages $248.65 M.
What sectors do the MUNF and PSQA ETFs invest in?
MUNF leans toward sectors like Municipal. Meanwhile, PSQA focuses on Industrials.
What are the top holdings of the MUNF ETF and PSQA ETF?
MUNF top holdings include Indiana Finance Authority, 5% 1feb2028, USD (2017C), Illinois Toll Highway Authority, 5% 1jan2029, USD and US66285WT630. PSQA holds in its top three: Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12549QBL86.
Which ETF is more diversified: MUNF or PSQA?
MUNF holds 129 securities with 26.8% of its assets in the top 15. PSQA has 146 securities and a top 15 weight of 21.9%.
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