See what your fund actually adds
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF MUNB
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | MUNB | Replication |
|---|---|---|
| Annualized growth | 0.0% | 0.9% |
| Annualized volatility | 2.9% | 3.0% |
| Sharpe ratio | 0.01 | 0.31 |
| Maximum drawdown | 4.3% | 4.0% |
| Replication fit (R²) | 0.89 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model MUNB’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 68.8% |
| VCSH | FI · Short Corp | 31.2% |