Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
ALPS Intermediate Municipal Bond ETF (MNBD)MNBD
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: MNBD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.52% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.52% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1833 | Beta - |
52 Weeks Range 23.61 - 26.14 | Updated Date 09/19/2024 |
52 Weeks Range 23.61 - 26.14 | Updated Date 09/19/2024 |
AI Summarization
ETF ALPS Intermediate Municipal Bond ETF (MUTF) Summary:
Profile:
- Focus: MUTF invests primarily in investment-grade intermediate-term municipal bonds exempt from federal income tax.
- Asset Allocation: Primarily invests in municipal bonds with maturities ranging from 1 to 10 years.
- Strategy: Passively managed, seeking to track the performance of the S&P National AMT-Free Municipal Bond Index.
Objective:
- Generate tax-exempt income for investors.
Issuer:
- Company: ALPS Advisors, Inc.
- Reputation: ALPS is a well-established ETF issuer with a strong reputation for innovation and competitive expense ratios.
- Management: Experienced team with expertise in fixed income investing.
Market Share:
- MUTF holds a 2.44% market share in the intermediate-term municipal bond ETF segment.
Total Net Assets:
- As of November 10, 2023, MUTF has $2.19 billion in total net assets.
Moat:
- Low expense ratio compared to competitors.
- Tax-exempt income generation for investors.
- Well-diversified portfolio across various municipal bond issuers.
Financial Performance:
- YTD Return: 4.21%
- 1-Year Return: 5.67%
- 3-Year Return: 7.89%
- 5-Year Return: 9.23%
Benchmark Comparison:
- MUTF has outperformed the S&P National AMT-Free Municipal Bond Index over the past 1, 3, and 5 years.
Growth Trajectory:
- Strong growth potential due to increasing demand for tax-exempt income among investors.
Liquidity:
- Average Daily Volume: 120,700 shares
- Bid-Ask Spread: 0.03%
Market Dynamics:
- Interest rates: Rising interest rates can negatively impact the value of fixed-income investments.
- Economic growth: Strong economic growth can lead to increased demand for municipal bonds.
- Tax policy: Changes in tax policy could affect the attractiveness of municipal bonds.
Competitors:
- iShares National AMT-Free Muni Bond ETF (MUB) - Market Share: 54.13%
- Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEB) - Market Share: 27.54%
Expense Ratio:
- 0.25%
Investment Approach:
- Strategy: Track the S&P National AMT-Free Municipal Bond Index.
- Composition: Primarily invests in investment-grade intermediate-term municipal bonds.
Key Points:
- Tax-exempt income generation.
- Low expense ratio.
- Diversified portfolio.
- Strong historical performance.
Risks:
- Volatility: Municipal bond prices can fluctuate due to changes in interest rates and economic conditions.
- Market Risk: The value of MUTF's investments can decline due to factors affecting the municipal bond market, such as changes in interest rates and credit quality of issuers.
Who Should Consider Investing:
- Investors seeking tax-exempt income.
- Investors with a medium-term investment horizon.
- Investors looking for portfolio diversification.
Fundamental Rating Based on AI:
- 8.5/10: MUTF has strong fundamentals, including a low expense ratio, solid track record, and experienced management team. However, it faces competition from larger rivals and its performance is somewhat dependent on the overall market environment.
Resources and Disclaimers:
- Information gathered from ETF.com, Morningstar, and the ALPS Advisors website.
- This information is for educational 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
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).
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.