MNBDALPS Intermediate Municipal Bond ETF
MNBD Fund Description
MNBD is actively managed to provide exposure to investment-grade, intermediate-term municipal bonds that are exempt from federal income tax.
MNBD Factset Analytics Insight
MNDB 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 fund’s 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%. The fund managers have full discretion to buy, hold or sell securities at any time.
MNBD Portfolio Data
MNBD Index Data
MNBD Portfolio Management
MNBD Tax Exposures
MNBD Fund Structure
MNBD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MNBD. MNBD is rated a N/A out of 5.
MNBD Sector/Industry Breakdown
MNBD Top 10 Holdings[View All]
MNBD Performance Statistics
MNBD Holdings Statistics
MNBD Avg Life Maturity Distribution
MNBD OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.