ETF overview
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%. Before Mar. 31, 2026, the fund was ALPS Intermediate Municipal Bond ETF.
Fund facts
- Expense ratio
- 0.44%
- Fund assets
- 55.03M USD (all share classes)
- Issuer
- ALPS Funds
- Inception date
- May 19, 2022
- Number of holdings
- 197
Breakdown
Holdings (197)
| Name | Ticker | Weight |
|---|---|---|
| Southeast Energy Authority A Cooperative District | 1.86% | |
| University of North Carolina at Chapel Hill | 1.67% | |
| New York State Dormitory Authority | 1.64% | |
| FHLMC Multifamily VRD Certificates | 1.54% | |
| Pennsylvania Turnpike Commission | 1.52% | |
| South Carolina State Housing Finance & Development Authority | 1.49% | |
| United States Treasury Bill 0.00 11/03/2026 | 1.27% | |
| United States Treasury Bill 0.00 11/05/2026 | 1.27% | |
| North Carolina Housing Finance Agency | 1.19% | |
| Wyoming Community Development Authority | 1.15% | |
| and 184 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.44%
- Fund assets
- 55.03M USD (all share classes)
- Issuer
- ALPS Funds
- Inception date
- May 19, 2022
- Number of holdings
- 197
| Name | Ticker | Weight |
|---|---|---|
| Southeast Energy Authority A Cooperative District | 1.86% | |
| University of North Carolina at Chapel Hill | 1.67% | |
| New York State Dormitory Authority | 1.64% | |
| FHLMC Multifamily VRD Certificates | 1.54% | |
| Pennsylvania Turnpike Commission | 1.52% | |
| South Carolina State Housing Finance & Development Authority | 1.49% | |
| United States Treasury Bill 0.00 11/03/2026 | 1.27% | |
| United States Treasury Bill 0.00 11/05/2026 | 1.27% | |
| North Carolina Housing Finance Agency | 1.19% | |
| Wyoming Community Development Authority | 1.15% | |
| and 184 more | ||
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%. Before Mar. 31, 2026, the fund was ALPS Intermediate Municipal Bond ETF.
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