ALPS BBH Intermediate Municipal Bond ETF (MNBD): ETF
ETF traded on ARCX under symbol MNBD. Quoted in usd.
ALPS BBH Intermediate Municipal Bond ETF
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.
Largest holdings
- Southeast Energy Authority A Cooperative District1.85%
- New York State Dormitory Authority1.69%
- University of North Carolina at Chapel Hill1.63%
- Pennsylvania Turnpike Commission1.54%
- FHLMC Multifamily VRD Certificates1.52%
- South Carolina State Housing Finance & Development Authority1.47%
- Illinois Finance Authority1.42%
- North Carolina Housing Finance Agency1.18%
- Wyoming Community Development Authority1.14%
- San Mateo Union High School District1.10%
30d
3.57K
60d
5.79K
90d
5.40K