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Municipal ETF MNBD touts active management to limit muni bond risks

MNBD has drawn about $105 billion in inflows over the one-year period through June 2026, and it reports a 0.44% annual expense ratio.

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ETF Trends highlighted that municipal bond ETFs can offer tax-exempt income and a reputation for low defaults, but they are not “no risk,” citing interest rate risk and the possibility of credit deterioration as key vulnerabilities.

The outlet pointed to active management as a way to respond if conditions change, noting that investors who took more credit and interest rate risk during the muni rally saw stronger results.

ETF Trends said the ALPS Intermediate Municipal Bond ETF, MNBD, aims to beat the Bloomberg Municipal Bond 1-15 Year Blend Index. It reported MNBD outperformed its benchmark by 100 basis points as of Q2.

The article added fund specifics, including an allocation of 84.27% to revenue bonds, a 30-day SEC yield of 3.27%, no holding above a 1.95% weight, and a 0.44% annual fee.

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