Northern Trust 2055 Tax-Exempt Distributing Ladder ETF

The Northern Trust 2055 Tax-Exempt Distributing Ladder ETF is a fixed income exchange-traded fund designed to provide regular cash flow in the form of federally tax-exempt income and periodic principal distributions through the year 2055. This ETF primarily invests in a diversified portfolio of high-quality U.S. municipal bonds, carefully selected for their investment grade status and staggered maturity dates. Its innovative ladder structure aims to facilitate cash flow management and retirement income planning by distributing tax-exempt monthly income and annual principal, delivering predictable and transparent distributions over a thirty-year horizon. The fund uses an actively managed strategy, allowing for dynamic portfolio adjustments in response to changing market conditions, and is tailored to investors seeking a systematic spend-down of assets to meet recurring obligations or retirement needs. The presence of this fund in the market reflects a growing demand for sophisticated tools that combine the tax advantages of municipal bonds with the convenience, liquidity, and diversification of an ETF structure, all at a competitive expense ratio of 0.18%.