Key stats
About ALPS Intermediate Municipal Bond ETF
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Inception date
May 19, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ALPS Advisors, Inc.
Distributor
ALPS Portfolio Solutions Distributor, Inc.
ISIN
US00162Q4111
MNBD holds a portfolio of US municipal bonds in the top four credit rating categories (AAA to BBB) that are exempt from federal income tax. Investments may be fixed-, variable- or floating-rate municipal securities that could include general obligation bonds and auction-rate municipal securities. The sub-adviser employs a bottom-up investment approach which includes ESG factors when selecting investments. The objective is to provide diverse exposure to high-quality, undervalued municipal securities with an average duration between three and seven years. Up to 20% of the funds assets may be invested in non-municipal securities, including those from non-US issuers. The fund will invest no more than 25% in municipal obligations relating to similar types of projects (e.g., airport facilities or healthcare providers). MNBD caps its investments from one state to 25%. The fund managers have full discretion to buy, hold or sell securities at any time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal95.68%
Government3.78%
Securitized0.37%
Mutual fund0.13%
Cash0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MNBD invests in bonds. The fund's major sectors are Municipal, with 95.68% stocks, and Government, with 3.78% of the basket. The assets are mostly located in the N/A region.
MNBD last dividends amounted to 0.07 USD. The month before, the issuer paid 0.07 USD in dividends, which shows a 2.60% decrease.
MNBD assets under management is 42.20 M USD. It's risen 1.56% over the last month.
MNBD fund flows account for 7.61 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MNBD pays dividends to its holders with the dividend yield of 3.25%. The last dividend (Sep 23, 2025) amounted to 0.07 USD. The dividends are paid monthly.
MNBD shares are issued by SS&C Technologies Holdings, Inc. under the brand ALPS. The ETF was launched on May 19, 2022, and its management style is Active.
MNBD expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
MNBD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MNBD invests in bonds.
MNBD price has risen by 0.15% over the last month, and its yearly performance shows a 0.09% increase. See more dynamics on MNBD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.30% over the last month, showed a 3.43% increase in three-month performance and has increased by 4.11% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.30% over the last month, showed a 3.43% increase in three-month performance and has increased by 4.11% in a year.
MNBD trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.