# ALPS BBH Intermediate Municipal Bond ETF (MNBD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mnbd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ALPS Funds · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2022-05-19 MNBD holds a portfolio of US municipal bonds in the top four credit rating categories (AAA to BBB) that are exempt from federal income tax. Investments may be fixed-, variable- or floating-rate municipal securities that could include general obligation bonds and auction-rate municipal securities. The sub-adviser employs a bottom-up investment approach which includes ESG factors when selecting investments. The objective is to provide diverse exposure to high-quality, undervalued municipal securities with an average duration between three and seven years. Up to 20% of the funds assets may be... ## Key Facts | Metric | Value | |---|---| | Price | $25.18 | | Expense Ratio | 0.44% | | Assets Under Management | $55.6M | | NAV | $25.28 | | Holdings Count | 131 | | Distribution Yield (TTM) | 3.51% | | Annual Distribution (TTM) | $0.88 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.43 – $26.46 | | Beta | 0.75 | ## Latest Distribution - Amount: $0.0893 /share - Ex-date: 2026-10-22 - Pay date: 2026-10-27 ## Frequently Asked Questions ### What does MNBD invest in? MNBD holds a portfolio of US municipal bonds in the top four credit rating categories (AAA to BBB) that are exempt from federal income tax. Investments may be fixed-, variable- or floating-rate municipal securities that could include general obligation bonds and auction-rate municipal securities. The sub-adviser employs a bottom-up investment approach which includes ESG factors when selecting investments. The objective is to provide diverse exposure to high-quality, undervalued municipal securities with an average duration between three and seven years. Up to 20% of the funds assets may be invested in non-municipal securities, including those from non-US issuers. The fund will invest no more than 25% in municipal obligations relating to similar types of projects (e.g., airport facilities or healthcare providers). MNBD caps its investments from one state to 25%. Before Mar. 31, 2026, the fund was ALPS Intermediate Municipal Bond ETF. ### What is the expense ratio of MNBD? ALPS BBH Intermediate Municipal Bond ETF (MNBD) charges an expense ratio of 0.44%. This is the annual fee deducted from fund assets to cover management and operations. ### What is MNBD's dividend yield? MNBD's trailing-twelve-month yield is 3.51%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of MNBD? Effective duration measures MNBD's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MNBD's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of MNBD? MNBD's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of MNBD? Yield to maturity (YTM) is the total return you'd earn from MNBD if every bond in the portfolio is held to maturity at the current price. MNBD's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does MNBD pay a dividend? Yes, ALPS BBH Intermediate Municipal Bond ETF (MNBD) distributes dividends to shareholders. The trailing-twelve-month yield is 3.51%. Full dividend history is on this page. ### How often does MNBD pay dividends? ALPS BBH Intermediate Municipal Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MNBD's next ex-dividend date? The most recently announced ex-dividend date for MNBD was 2026-10-22. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MNBD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.44% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MNBD charge its expense ratio? The expense ratio is deducted in tiny daily slices from MNBD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MNBD cost more than a fund like VOO? MNBD is actively managed (current expense ratio 0.44%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MNBD's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MNBD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MNBD (0.44%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mnbd - Distribution history: https://www.dividenddata.com/funds/mnbd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mnbd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mnbd/expenses - Peer comparison: https://www.dividenddata.com/funds/mnbd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.