MNBD ALPS Intermediate Municipal Bond ETF

ALPS Intermediate Municipal Bond ETF

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manhattan-bridge

MNBD Investment Primer

Why invest in municipal bonds? Learn more about municipals and the key attributes that extend from their unique tax status, market structure and purpose of financing state and local governments and critical infrastructure projects in the United States.

Overview

   Investment Objective

The ALPS Intermediate Municipal Bond ETF (MNBD) seeks to protect investor’s capital and generate attractive risk-adjusted returns.

   Strategy

The ALPS Intermediate Municipal Bond ETF (MNBD) seeks to actively achieve its investment objective by applying bottom-up fundamental analysis and investing in a long-term, tax-aware manner. MNBD aims to actively implement the strategy by investing primarily in a diversified portfolio of investment grade municipal bonds.

Fund Details

 
Ticker
Listing Exchange
NYSE Arca
CUSIP
ISIN
Net Assets
as of
Inception Date
Fund Type
Exchange-Traded Fund
Primary Benchmark
Bloomberg Municipal Bond 1-15 Year Blend Index
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Performance and Fees

Returns

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Total Returns
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Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Performance includes reinvested distributions and capital gains.

Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

Fund inception date: 05/19/2022

Bloomberg Municipal Bond 1-15 Year Blend Index: an unmanaged index comprised of fixed-rate, investment-grade tax-exempt bonds with remaining maturities between 1 and 15 years. One may not invest directly in an index.

$10,000 Hypothetical Investment

The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Fees

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Facts and Characteristics

Fund Pricing

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Last Trade Price (EOD)
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* During market trading hours, intraday price is up to a 15 minute delay.
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Trading Characteristics

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Average 30-Day Volume
Daily Volume
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30-Day Median Bid/Ask Spread




 
* During market trading hours, daily volume is up to a 15 minute delay.
Fund Yields


Dividend Yield
30-Day SEC Yield
30-Day SEC Yield (Unsubsidized)
Trailing 12-Month Yield
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Dividend Yield: a financial ratio that shows how much a Fund pays out in dividends each year relative to its share price.

30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.

30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.

Trailing 12-Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.

Portfolio

Sector Breakdown

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Geography Breakdown

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Fund Holdings

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Distributions

Fund Distributions

Distribution Frequency: Monthly
Ex-Date Record Date Payable Date STCG LTCG Return of Capital Qualified Dividend Ordinary Income Income Total Section 19a
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No distribution information at this time.
Document Name Date Document Category Document Type Download
ALPS Intermediate Municipal Bond ETF Portfolio Management 08/31/2022 Literature Slick
ETF Product List 06/30/2022 Literature Fund List
ALPS Intermediate Municipal Bond ETF Semi-Annual Report 05/31/2022 Regulatory Semi-Annual Report
ALPS Intermediate Municipal Bond ETF Fact Sheet 05/20/2022 Literature Fact Sheet
ALPS Intermediate Municipal Bond ETF Investment Primer 05/20/2022 Literature Investment Primer
ALPS Intermediate Municipal Bond ETF Summary Prospectus 02/25/2022 Regulatory Summary Prospectus
ALPS Intermediate Municipal Bond ETF Statutory Prospectus 02/25/2022 Regulatory Statutory Prospectus
ALPS Intermediate Municipal Bond ETF Statement of Additional Information 02/25/2022 Regulatory Statement of Additional Information

Funds Related to MNBD

RIGS

RiverFront Strategic Income Fund

Learn More About RIGS

Fund Disclosure

Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 5,000, 25,000 or 50,000 shares.

The Fund is new and has limited operating history.

The Fund invests principally in municipal securities. The value of municipal securities may be affected by uncertainties in the municipal market related to legislation or litigation involving the taxation of municipal securities or the rights of municipal securities holders in the event of a default or bankruptcy. If a security’s structure fails to function as intended, the security could become taxable or decline in value. Additionally, issuers of municipal obligations may not be able to make timely payments because of general economic downturns or increased governmental costs.

The Fund will not invest 25% or more of its total assets in any one municipal revenue sector relating to bonds backed by revenues from similar types of projects (such as those relating to higher education, healthcare, housing, airports or utilities) or with other similar economic, business, or political characteristics. However, as the Fund’s exposure to such similar projects increases, the Fund will also become more sensitive to adverse economic, business or political developments relevant to these projects.

Brown Brothers Harriman & Co. (BBH) considers environmental, social and governance (ESG) factors for each investment in the portfolio. ESG factors include, but are not limited to, the environmental and social impact of the issuer, as well as the issuer’s instituted governance programs. A less favorable ESG profile may not preclude the Fund from investing in a bond of an obligor, as the consideration of ESG factors may not be more influential than the consideration of other investment criteria.

ALPS Advisors, Inc. is the investment adviser to the Fund and Brown Brothers Harriman & Co. is the investment sub-adviser to the Fund. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Brown Brothers Harriman & Co.

ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.