Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
Northern Trust 2055 Tax-Exempt Ladder ETF (AMEX: MUND) is an exchange-traded fund listed on NYSE Arca, trading at $97.56 (about ₹9,300 a unit) as of 13 Oct 2026, 3:55 PM ET. It has an expense ratio of 0.18% and holds 160 securities. Indian residents can buy MUND through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$97.43
Today's high
$97.61
52 week low
$95.25
52 week high
$107.17
MUND opened at $97.43, closed previously at $96.98, and has traded between $95.25 and $107.17 over the past 52 weeks.
About
This ETF is designed to deliver consistent payouts, derived from income that is exempt from regular federal income tax and/or a return of original capital, with its final distributions scheduled for 2055. It caters to investors seeking a structured plan to systematically draw down their investment, providing tax-advantaged monthly income and annual principal repayments, which can help manage recurring expenses over an approximate thirty-year period.
Key statistics
Expense ratio
0.18%
Assets (AUM)
$3.9M
Holdings
160
NAV
$97.44
Avg. volume
967.00
1-year price change
-5.06%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MUND holds 160 securities in total. These 10 are 17.8% of the fund.
Where the money is invested
Countries
How to buy MUND from India
Indian residents can buy MUND units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in MUND from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search MUND and buy
Find the fund by its ticker, MUND, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your MUND position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying MUND from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the MUND price today?
Northern Trust 2055 Tax-Exempt Ladder ETF (MUND) last traded at $97.56 on NYSE Arca, as of 13 Oct 2026, 3:55 PM ET. That is ₹9,300 a unit at the 13 Oct 2026 USD/INR rate.
When does MUND trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is MUND, and what does it cost to hold?
Northern Trust 2055 Tax-Exempt Ladder ETF manages about $3.9M. Its expense ratio is 0.18% a year, deducted inside the fund. It launched in 2025.
What are MUND's largest holdings?
The top three are PENNSYLVANIA ST TPK COMMN TPK REV BDS 2025A (2.5%), MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV (2.0%) and CASH (1.9%). MUND's 10 largest positions make up 17.8% of the fund.
Does MUND pay dividends?
Yes. MUND is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on MUND taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of MUND?
Yes. You can buy MUND by amount rather than by whole unit, and there is no minimum trade size.
How has MUND performed?
MUND's price is down 5.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.