MNBD
·ARCA
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Key Stats
Assets Under Management
42.81MUSD
Fund Flows (1Y)
7.62MUSD
Dividend Yield
3.65%
Discount/Premium to NAV
0.13%
Shares Outstanding
1.70M
Expense Ratio
0.50%
About ALPS Intermediate Municipal Bond ETF
Issuer
ALPS Advisors, Inc.
Brand
ALPS
Inception Date
May 19, 2022
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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.
MNDB 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 fund's 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
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Intermediate
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.07% | +0.43% | +1.50% | +0.52% | +1.44% | +3.53% |
NAV Total Return | -0.05% | +0.93% | +4.87% | +3.81% | +14.01% | +0.13% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Port Authority of New York & New Jersey
2.74%
Southeast Energy Authority A Cooperative District
2.51%
South Carolina State Housing Finance & Development Authority
2.23%
United States Treasury Bill 3.955 12/23/2025
2.03%
Pennsylvania Turnpike Commission
1.87%
North Carolina Housing Finance Agency
1.80%
Salt Verde Financial Corp.
1.72%
Wyoming Community Development Authority
1.70%
University of North Carolina at Chapel Hill
1.64%
San Mateo Union High School District
1.44%
Top 10 Weight 19.68%
152 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-11-20 | 2025-11-20 | 2025-11-26 | 0.068 |
| 2025-10-23 | 2025-10-23 | 2025-10-28 | 0.072 |
| 2025-09-18 | 2025-09-18 | 2025-09-23 | 0.069 |
| 2025-08-21 | 2025-08-21 | 2025-08-26 | 0.070 |
| 2025-07-24 | 2025-07-24 | 2025-07-29 | 0.075 |
| 2025-06-20 | 2025-06-20 | 2025-06-25 | 0.066 |
| 2025-05-22 | 2025-05-22 | 2025-05-28 | 0.076 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
