ALPS BBH Intermediate Municipal Bond ETF
$24.77+0.05 (+0.20%)
- 0.44%
- $54M
- −1.4%
- 3.50%
- 0M sh
- $24.74
- low $24.43high $26.46
The ETF.net MNBD Grade
C
Score 41 out of 100
- 19 of 20
Score 41 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.F5 out of 100Rank 19 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 17 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 8 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 17 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 18 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 11 of 20
Our read on MNBD
CA muni fund run like a private bank's credit desk: BBH buys roughly 130 investment-grade bonds one name at a time instead of renting the index, and pays income out monthly.
The fund seeks to protect capital and generate attractive risk-adjusted returns through active, bottom-up fundamental analysis and a long-term, tax-aware approach focused primarily on investment-grade municipal bonds.
Why people hold it
- Active, bottom-up credit work: the mandate is to protect capital and pursue risk-adjusted returns through fundamental analysis and a long-term, tax-aware approach.
- Roughly 130 bonds, not thousands of index line items, so each credit decision actually carries weight in the portfolio.
- Income arrives monthly, and the book stays in the intermediate investment-grade muni lane printed on the label.
Worth knowing
- Hand-picked credit costs more: 0.44% a year, versus 0.03% at plain index munis like VTEB and SCMB. That gap is what the manager is being asked to cover.
- Thinly traded next to the giants of the muni aisle, so spreads can run wider and big orders can push the price around.
- Young and still small: launched in 2022, with an asset base well below the multi-billion-dollar muni index funds it sits beside.
MNBD Holdings
- Bonds
- 116
- 27%
- FHLMC Multifamily VRD Certificates
Geography
- United States100.00%
MNBD 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.
MNBD$9,861
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 | MNBD |
|---|---|
| Year to date | −2.4% |
| 1 month | −1.8% |
| 3 months | −4.2% |
| 1 year | −1.4% |
| 3 years | +3.8% |
| 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 | MNBD |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +5.1% | |
| 2024 | +2.4% | |
| 2023 | +6.2% | |
| 2022 | +3.1% |
MNBD in the news
MNBD Dividends
- 3.50%
- $0.87
- $0.07 per share
- Monthly
Distribution history
MNBD Risk
- 4.6%
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.
- −0.19
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.
- −5.9%
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MNBD Cost
0.44%
MNBD0.44%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
17 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFExpense ratio 0.35%1 year return −1.9%
- CINTMInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETFExpense ratio 0.35%1 year return −0.7%
- CMMCANYLI MacKay California Muni Intermediate ETFExpense ratio 0.45%1 year return −2.1%
- CGENMGenter Capital Municipal Quality Intermediate ETFExpense ratio 0.39%1 year return −1.2%
- CFIMUFidelity Intermediate Municipal Income ETFExpense ratio 0.31%1 year return —