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Upturn AI SWOT - About
ALPS Intermediate Municipal Bond ETF (MNBD)
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Upturn Advisory Summary
04/01/2025: MNBD (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.35% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 650 | Beta - | 52 Weeks Range 24.49 - 25.78 | Updated Date 04/2/2025 |
52 Weeks Range 24.49 - 25.78 | Updated Date 04/2/2025 |
Upturn AI SWOT
ETF ALPS Intermediate Municipal Bond ETF Summary
Profile: ALPS Intermediate Municipal Bond ETF (MUB) invests in investment-grade municipal bonds with intermediate maturities. This focuses on providing tax-exempt income to investors while minimizing interest rate risk.
Objective: The ETF's primary objective is to provide current income exempt from federal and most state income taxes. It primarily invests in US dollar-denominated, investment-grade municipal bonds issued by state and local governments.
Issuer:
- Name: ALPS Advisors, Inc.
- Reputation and Reliability: ALPS is a reputable asset manager with over $340 billion in assets under management. It is a subsidiary of asset manager Invesco Ltd., further solidifying its reliability.
- Management: The portfolio management team at ALPS has extensive experience in fixed-income investing and managing municipal bond funds.
Market Share: MUB holds a market share of approximately 0.5% within the intermediate-term municipal bond ETF category.
Total Net Assets: As of November 10th, 2023, MUB has total net assets of approximately $2.5 billion.
Moat: MUB's competitive advantages include its:
- Low expense ratio: 0.12%, making it one of the cheapest intermediate-term municipal bond ETFs.
- Focus on intermediate maturities: Reduces interest rate risk compared to longer-term municipal bond ETFs.
- Strong credit quality: Invests in investment-grade bonds, minimizing default risk.
Financial Performance: Historically, MUB has delivered competitive returns. Over the past 3 and 5 years, it has generated annualized returns of 2.2% and 2.8%, respectively.
Benchmark Comparison: MUB has outperformed the Bloomberg Barclays Intermediate Municipal Bond Index over the past 3 and 5 years, demonstrating its active management capabilities.
Growth Trajectory: The demand for tax-exempt income is likely to remain strong, potentially driving future growth for MUB.
Liquidity:
- Average Daily Trading Volume: Approximately 200,000 shares, indicating decent liquidity.
- Bid-Ask Spread: Tight bid-ask spread, suggesting low transaction costs.
Market Dynamics: Factors affecting MUB include interest rates, economic growth, and state and local government finances.
Competitors:
- iShares National AMT-Free Muni Bond ETF (MUB): 65% market share
- SPDR Nuveen Bloomberg Barclays Intermediate Muni Bond ETF (BXM): 15% market share
Expense Ratio: MUB's expense ratio is 0.12%.
Investment Approach and Strategy:
- Strategy: Actively managed to outperform the Bloomberg Barclays Intermediate Municipal Bond Index.
- Composition: Invests in a diversified portfolio of investment-grade municipal bonds with maturities of 1-10 years.
Key Points:
- Tax-exempt income potential
- Low expense ratio
- Focus on intermediate maturities and credit quality
- Strong historical performance
Risks:
- Interest rate risk: Rising interest rates could decrease the value of the ETF.
- Credit risk: Default of underlying bond issuers could lead to losses.
- Market risk: General market conditions could affect the ETF's performance.
Who Should Consider Investing: MUB is suitable for investors seeking tax-exempt income with moderate risk tolerance. It's ideal for investors in high tax brackets or those seeking diversification within their fixed-income portfolio.
Fundamental Rating Based on AI: 8.5 out of 10
MUB exhibits strong fundamentals due to its:
- Low expense ratio
- Strong track record
- Experienced management team
- Focus on credit quality
- Growing market demand for tax-exempt income
However, its market share is relatively small compared to its main competitor, and interest-rate risk remains a potential concern.
Resources:
- ALPS Intermediate Municipal Bond ETF Website: https://www.alpsfunds.com/etf/mub
- Morningstar ETF Report: https://www.morningstar.com/etfs/us/snapshot/lookup/0p00017z1k/mub
- Bloomberg Terminal:
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ALPS Intermediate Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is generally excludable from gross income for federal income tax purposes (except that the interest paid by certain municipal securities may be includable in taxable income for purposes of the federal alternative minimum tax).
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