---
ticker: "MNBD"
name: "ALPS BBH Intermediate Municipal Bond ETF"
url: "https://etf.net/etf/MNBD"
grade: "C"
score: 41
graded_at: "2026-10-12"
category: "Intermediate Municipal Bonds"
category_rank: "19 of 20"
methodology: "https://etf.net/methodology"
---

# MNBD: ALPS BBH Intermediate Municipal Bond ETF

Grade **C**, Score 41 of 100. Rank 19 of 20 in Intermediate Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 5 | 19 of 20 |
| Mission | 88 | 17 of 19 |
| Risk | 55 | 8 of 20 |
| Tradability | 31 | 17 of 20 |
| Holdings | 29 | 18 of 20 |
| Durability | 48 | 11 of 20 |

## Top holdings

The fund holds 116 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | FHLMC Multifamily VRD Certificates | 4.35% |
| 2 | — | Southeast Energy Authority A Cooperative District | 3.21% |
| 3 | — | North Carolina Housing Finance Agency | 3.08% |
| 4 | — | California Community Choice Financing Authority | 2.84% |
| 5 | — | New Jersey Transportation Trust Fund Authority | 2.60% |
| 6 | — | Texas Municipal Gas Acquisition & Supply Corp. V | 2.55% |
| 7 | — | Illinois Finance Authority | 2.41% |
| 8 | — | New York State Dormitory Authority | 2.32% |
| 9 | — | Wyoming Community Development Authority | 1.84% |
| 10 | — | Port of Portland OR Airport Revenue | 1.83% |
| 11 | — | City of San Antonio TX Electric & Gas Systems Revenue | 1.80% |
| 12 | — | New York City Transitional Finance Authority Future Tax Secured Revenue | 1.79% |
| 13 | — | South Carolina State Housing Finance & Development Authority | 1.73% |
| 14 | — | University of North Carolina at Chapel Hill | 1.69% |
| 15 | — | Greater Orlando Aviation Authority | 1.67% |
| 16 | — | Pennsylvania Turnpike Commission | 1.51% |
| 17 | — | Washington & Multnomah Counties School District No 48J Beaverton | 1.47% |
| 18 | — | Nebraska Investment Finance Authority | 1.36% |
| 19 | — | Allegheny County Airport Authority | 1.33% |
| 20 | — | New Mexico Mortgage Finance Authority | 1.30% |
| 21 | — | Texas Department of Housing & Community Affairs | 1.29% |
| 22 | — | United States Treasury Bill 0.00 11/03/2026 | 1.28% |
| 23 | — | United States Treasury Bill 0.00 11/05/2026 | 1.28% |
| 24 | — | Fort Bend Independent School District | 1.27% |
| 25 | — | City & County of Denver Co. Airport System Revenue | 1.26% |
| 26 | — | Port of Seattle WA | 1.20% |
| 27 | — | Michigan Finance Authority | 1.16% |
| 28 | — | Modesto Irrigation District | 1.10% |
| 29 | — | Ohio Housing Finance Agency | 1.08% |
| 30 | — | San Mateo Union High School District | 1.08% |

Source: etf.net, https://etf.net/etf/MNBD. Please cite the page URL.