ALPS BBH Intermediate Municipal Bond ETF
$24.94−0.16 (−0.64%)
- Expense ratio
- 0.44%
- Fund size
- $55M
- 1Y return
- +0.3%
- Yield · Last 12 months
- 3.45%
- Holdings
- 131
- Volume · 30D
- 0M sh
- NAV per share
- $25.07
- 52W range
The ETF.net MNBD Grade
Score 42 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 5Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 26Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 32Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 51Category rank
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
- 131
- 25%
- 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.
Returns run to the Sep 22, 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 | −0.9% |
| 1 month | −1.9% |
| 3 months | −2.8% |
| 1 year | +0.3% |
| 3 years | +3.9% |
| 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 | −0.9% | |
| 2025 | +5.1% | |
| 2024 | +2.4% | |
| 2023 | +6.2% | |
| 2022 | +3.1% |
MNBD in the news
ETF.net Research hasn’t filed on MNBD yet — coverage lands here as it’s written.
MNBD Dividends
- 3.45%
- $0.87
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 22, 2026 | $0.07 |
| Aug 20, 2026 | Aug 25, 2026 | $0.07 |
| Jul 16, 2026 | Jul 21, 2026 | $0.07 |
| Jun 18, 2026 | Jun 24, 2026 | $0.07 |
| May 21, 2026 | May 27, 2026 | $0.07 |
| Apr 16, 2026 | Apr 21, 2026 | $0.07 |
| Mar 19, 2026 | Mar 24, 2026 | $0.07 |
| Feb 19, 2026 | Feb 24, 2026 | $0.06 |
| Jan 22, 2026 | Jan 27, 2026 | $0.08 |
| Dec 18, 2025 | Dec 23, 2025 | $0.09 |
| Nov 20, 2025 | Nov 26, 2025 | $0.07 |
| Oct 23, 2025 | Oct 28, 2025 | $0.07 |
MNBD Risk
- 4.2%
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.
- −0.11
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
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
17 of the 19 Intermediate Municipal Bonds funds charge less.