Northern Trust 2035 Tax-Exempt Distributing… (MUNB) Performance
MUNB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.1% since Dec 31, 2025
- 1 year
- +0.3% total return
- Since first price
- +1.8% since 2025
MUNB trailing returns vs SPY, QQQ, AGG
| Period | MUNB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.8% | +1.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.3% | −0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −2.0% | +7.8% | +8.4% | −1.5% |
| YTD | −0.1% | −1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.3% | −2.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 19, 2025 | +1.8% | −0.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MUNB vs SPY
From Aug 19, 2025: MUNB grew to $10,184, SPY to $12,039.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MUNB returns by calendar year
2026 is year to date.
MUNB annual returns table
| Year | MUNB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.1% | −4.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MUNB risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −0.8% |
| Volatility (annualized) | 4.1% |
| Sharpe ratio | -1.05 |
| Sortino ratio | -1.09 |
| Best month | +1.0% |
| Worst month | −2.7% |
| Best 12 months | +1.9% |
| Worst 12 months | −1.7% |
| Positive months | 77% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MUNB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | −1.7% | +0.4% | +1.9% | 67% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
MUNB performance overview
Northern Trust 2035 Tax-Exempt Distributing… (MUNB) returned +0.3% over the past year, with distributions reinvested. Since its first recorded price on Aug 19, 2025 it has returned +1.8%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: MUNB chart, MUNB dividends. See the MUNB overview for the latest quote and fund facts.
MUNB performance FAQ
What is the MUNB return over the past year?
MUNB returned +0.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.0%.
How much would $10,000 invested in MUNB be worth?
$10,000 invested in MUNB at its first recorded close on August 19, 2025 would be worth about $10,184 on October 23, 2026 with distributions reinvested.
How volatile is MUNB?
Over the past history MUNB had an annualized volatility of 4.1% and a Sharpe ratio of -1.05 (excess return over 1–3 month T-bills per unit of risk).