MNBD ETF — ALPS Intermediate Municipal Bond ETF

ALPS Intermediate Municipal Bond ETF (MNBD)

Updated October 16, 2026.

MNBD is an ETF. its distribution rate is 3.26%, its trailing-12-month yield is 3.46%, its expense ratio is 0.44%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 16.3% over the past 4.4 years, 91.8 points behind SPY at 108.1%.

ALPS Intermediate Municipal Bond ETF is an exchange-traded fund that invests at least 80% of its assets in municipal bonds whose interest is generally exempt from federal income taxes. The fund offers a moderate current distribution rate with monthly distributions and charges an expense ratio of 0.44%. It appeals to tax-conscious income investors seeking regular tax-advantaged income from intermediate-duration municipal debt.

MNBD performance versus SPY

Price and return data through 2026-10-16.

Total return is 16.3% over the past 4.4 years, 91.8 points behind SPY at 108.1%. Over the past year its total return — price change plus distributions reinvested — is -0.6%. Its deepest 1-year drawdown was 5.7%.

MNBD key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

3.16%

Issuer

ALPS

Asset type

ETF

Asset class

Fixed Income

Inception date

05/19/2022

Expense ratio

0.44%

Distribution rate

3.26%

Distribution frequency

Monthly

Trailing yield

3.46%

Last close

$25.00 (as of 2026-10-16)

AUM

$54,420,035

Average volume

859.0

Dividend

$0.068

Ex-dividend date

09/17/2026

Payment date

09/22/2026

Beta

0.76

How Dividend Vision calculates yield and returns

Distribution rate (3.26%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.46%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ALPS; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MNBD risks and drawbacks

MNBD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.7%.

Who may consider MNBD — and who may not

MNBD may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MNBD

• All tickers starting with M

Tagged: Fixed Income.

Frequently asked questions

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