See what your fund actually adds
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF MUNA
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | MUNA | Replication |
|---|---|---|
| Annualized growth | 1.0% | 2.0% |
| Annualized volatility | 1.4% | 1.6% |
| Sharpe ratio | 0.72 | 1.25 |
| Maximum drawdown | 1.3% | 1.6% |
| Replication fit (R²) | 0.47 · Tracking error 1.1% | |
Replication portfolio
The published portfolio below is the investable basket used to model MUNA’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VGSH | FI · Short Gov | 41.8% |
| STIP | FI · Short TIPS | 32.1% |
| MUB | FI · Municipal | 23.4% |
| WTMF | Alternatives · Mgt Futures | 2.6% |