Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Bluemonte Long Term Bond ETF
$23.58+0.02 (+0.08%)
- 0.28%
- $163M
- −5.4%
- 4.67%
- 0M sh
- $23.53
- low $23.30high $26.44
The ETF.net BLTD Grade
C
Score 53 out of 100
- 74 of 117
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B60 out of 100Rank 43 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 80 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F19 out of 100Rank 113 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 66 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F21 out of 100Rank 112 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 86 of 117
Our read on BLTD
CA 2025 arrival that goes active in a corner of the market ruled by cheap index trackers: total return and income from the long end of the bond market, priced below the typical aggregate-bond ETF.
The Fund seeks total return and income and is actively managed.
Why people hold it
- 0.25% a year, under the median for aggregate-bond ETFs and modest for a fund where a manager picks the bonds instead of copying an index.
- Distributions come monthly, and the prospectus sets no fixed payout target, so income reflects what the portfolio actually earns.
- Mandate and portfolio line up closely: an active fixed-income fund aiming at total return and income, with no drift into off-label assets.
- Plain 1940 Act fund wrapper, which means ordinary 1099 reporting rather than a partnership K-1.
Worth knowing
- Launched mid-2025 and thinly traded, so the track record is short and spreads can run wider than in the category's household names.
- Long-dated bonds react harder to rate moves than short or intermediate ones, and this fund's swings have run hotter than most of its aggregate-bond peers.
- Active work carries a price: index anchors BND, SPAB and SCHZ each charge 0.03%.
BLTD Holdings
- Bonds
- 4
- 100%
- BKAG
Sectors
- Financials100.0%
Geography
- United States100.00%
BLTD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
BLTD$9,456
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BLTD |
|---|---|
| Year to date | −4.5% |
| 1 month | −1.5% |
| 3 months | −4.1% |
| 1 year | −5.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BLTD |
|---|---|---|
| 2026 YTD | −4.5% | |
| 2025 | +3.9% |
BLTD in the news
BLTD Dividends
- 4.67%
- $1.10
- $0.10 per share
- Monthly
Distribution history
BLTD Risk
- 6.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.89
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.15
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BLTD Cost
0.28%
BLTD0.28%
- The middle half of US Aggregate Bond funds
- Median 0.34%
41 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CUCONFirst Trust Smith Unconstrained Bond ETFExpense ratio 0.86%1 year return −1.0%
- CBCPLBNY Mellon Core Plus ETFExpense ratio 0.40%1 year return —
- CJPIBJPMorgan International Bond Opportunities ETFExpense ratio 0.50%1 year return +0.5%
- CWABFWestern Asset Bond ETFExpense ratio 0.35%1 year return −2.2%
- CFTCBFirst Trust Core Investment Grade ETFExpense ratio 0.56%1 year return −2.6%