Northern Trust 2045 Tax-Exempt Distributing Ladder ETF

Northern Trust 2045 Tax-Exempt Distributing Ladder ETF is an exchange-traded fund focused on providing investors with regular income exempt from federal income tax, combined with scheduled principal distributions through 2045. This fund is structured to facilitate cash flow management over a two-decade time horizon, making it well-suited for those seeking a spend-down approach in retirement or for meeting other long-term recurring expenses. The fund invests in a diversified portfolio of high-quality municipal bonds with staggered maturities, effectively creating a bond ladder within a single, accessible ETF. Key features include monthly distributions of tax-exempt income and annual returns of principal, offering predictable payments for budgeting purposes. Northern Trust’s innovative ladder ETF design aims to streamline the complexity typically involved in building and managing individual bond ladders while delivering liquidity, diversification, and transparency. The ETF plays a significant role in the financial market by addressing retirement decumulation needs and supporting investors with a tax-efficient solution tailored to long-term financial goals, leveraging Northern Trust’s expertise in municipal bond management.