Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) is an exchange-traded fund in the Muni Target Maturity category. It has $7.74M in assets, an expense ratio of 0.18% and a 3.39% dividend yield. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in debt instruments that pay interest that is exempt from regular federal income tax (“tax-exempt bonds”). The fund is non-diversified.