MNBD ETF Report: Ratings, Analysis, Quotes, Holdings

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*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 07/01/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

MNBD -0.43% -- -- -- -- -- --

MNBD (NAV) -0.78% -- -- -- -- -- --

No Underlying Index -- -- -- -- -- -- --

Bloomberg Barclays Municipal Intermediate (5-10 Y) -0.59% -1.03% -6.75% -6.55% 0.16% 1.51% 2.18%

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MNBD Summary Data

SS&C

ALPS

05/19/22

Open-Ended Fund

0.50%

$31.15M

$1.04M

0.15%

N/A

Fund Home Page

MNBD Portfolio Data

N/A

MNBD Index Data

No Underlying Index

Proprietary

Bloomberg Barclays Municipal Intermediate (5-10 Y)

MNBD Portfolio Management

0.50%

Max. Downside Tracking Difference (12 Mo) --

MNBD Tax Exposures

20.00% / 39.60%

N/A

MNBD Fund Structure

Open-Ended Fund

-- / --

N/A

Low

Daily

MNBD Factset Analytics Block Liquidity

As of 07/05/22

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 Tradability

41,110

$1.04M

210

$5.33K

0.15%

$0.04

0.40%

0.73% / -0.02%

None

25,000

0.01

$25.51

N/A

MNBD Sector/Industry Breakdown

MNBD

Segment Benchmark

Government

66.87%

ETF/Mutual Fund or Others

21.25%

Utilities

6.66%

Finance

2.57%

Energy Minerals

2.35%

Health Services

1.60%

Cash and/or Derivatives

-1.30%

MNBD Top 10 Holdings[View All]

Port Auth N Y & N J 5.0% 01-NOV-2030 3.95%

New York St Dorm Auth St Pers Income Tax Rev 5.0% 15-MAR-2031 3.72%

San Antonio Tex Elec & Gas Rev 5.0% 01-FEB-2031 3.68%

Illinois St Toll Hwy Auth Toll Highway Rev 5.0% 01-JAN-2029 3.65%

Ohio St Hosp Fac Rev 5.0% 01-JAN-2028 3.62%

Houston Tex Arpt Sys Rev 5.0% 01-JUL-2028 3.52%

Virginia College Bldg Auth Va Edl Facs Rev 21Stcenty Colleg E & Equip Prog 5.0% 01-FEB-2026 3.51%

Brazosport Tex Indpt Sch Dist 5.0% 15-FEB-2026 3.51%

South Dakota Hsg Dev Auth 5.0% 01-MAY-2053 3.40%

Tennessee Hsg Dev Agy Residential Fin Prog Rev 5.0% 01-JAN-2053 3.40%

Total Top 10 Weighting 35.96%

MNBD Performance Statistics

MNBD Holdings Statistics

Effective Duration --

Credit Spread Duration --

Concentration --

Number of Holdings --

Option Adjusted Spread --

MNBD Avg Life Maturity Distribution

0 - 1 years --

1 - 2 years --

2 - 3 years --

3 - 5 years --

5 - 7 years --

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15 - 20 years --

> 20 years --

MNBD OAS Breakdown

0 - 100 bps --

100 - 200 bps --

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900 - 1000 bps --

> 1000 bps --

Options Strategies for Outcome Investing

Collar Strategy
Protection Strategy
Covered Call Strategy
Income Strategy

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.

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