MNBD

ALPS Intermediate Municipal Bond ETF

$25.97

+0.00%

Market closed. Last update: 4:15 AM ET

📎 Investment Objective

The ALPS Intermediate Municipal Bond ETF seeks to provide current income that is exempt from federal income tax.

Overview

ETF tracking ALPS Intermediate Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2022-05-20

Market Cap $41.6M

Average Volume N/A

Dividend Yield 2.72%

52-Week Range $24.94 - $26.08

VWAP $26.00

Performance

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Investment Summary

📎 Investment Objective

The ALPS Intermediate Municipal Bond ETF seeks to provide current income that is exempt from federal income tax.

🎯 Investment Strategy

The fund invests primarily in investment-grade municipal bonds with intermediate-term maturities. The portfolio is actively managed to maintain an average duration of 3-7 years.

✨ Key Features

Focuses on investment-grade municipal bonds with intermediate-term maturities
Actively managed to maintain an average duration of 3-7 years
Seeks to provide federal tax-exempt income
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: Certain municipal bonds may be less liquid, making them difficult to sell
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds

👤 Best For

The ALPS Intermediate Municipal Bond ETF may be suitable for investors seeking federal tax-exempt income and relatively low-risk exposure to the municipal bond market. It may be particularly appropriate for investors in higher tax brackets who are looking for a conservative, diversified fixed-income investment.