See what your fund actually adds
Northern Trust 2031 Tax-Exempt Distributing Ladder ETF MUNJ
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | MUNJ | Replication |
|---|---|---|
| Annualized growth | -13.3% | -17.2% |
| Annualized volatility | 3.6% | 3.7% |
| Sharpe ratio | -3.96 | -5.08 |
| Maximum drawdown | 1.8% | 2.1% |
| Replication fit (R²) | 0.97 · Tracking error 0.6% | |
Replication portfolio
The published portfolio below is the investable basket used to model MUNJ’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 44.7% |
| PFF | FI · Preferred | 30.0% |
| WTMF | Alternatives · Mgt Futures | 16.8% |
| XLE | Sector · Energy | 6.1% |
| IAU | Alternatives · Gold | 2.5% |