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Upturn AI SWOT - About
ALPS Intermediate Municipal Bond ETF (MNBD)
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Upturn Advisory Summary
08/14/2025: MNBD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.42% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.79 | 52 Weeks Range 24.35 - 25.56 | Updated Date 06/29/2025 |
52 Weeks Range 24.35 - 25.56 | Updated Date 06/29/2025 |
Upturn AI SWOT
ALPS Intermediate Municipal Bond ETF
ETF Overview
Overview
The ALPS Intermediate Municipal Bond ETF (HYD) seeks to provide current income exempt from federal income tax by investing in a portfolio of intermediate-term municipal bonds. It primarily focuses on investment-grade municipal bonds, aiming for a balance between risk and return. HYD is an actively managed fund.
Reputation and Reliability
ALPS is a well-established provider of ETFs, known for its experience in managing specialized and income-oriented funds. It has a solid track record of delivering consistent performance.
Management Expertise
ALPS has a dedicated team of experienced investment professionals specializing in fixed-income and municipal bond markets.
Investment Objective
Goal
The primary investment goal is to provide current income that is exempt from federal income tax.
Investment Approach and Strategy
Strategy: Actively managed ETF focusing on intermediate-term municipal bonds.
Composition Primarily holds municipal bonds, with a focus on investment-grade securities.
Market Position
Market Share: Insufficient publicly available data to accurately determine current market share.
Total Net Assets (AUM): 167000000
Competitors
Key Competitors
- VTEB
- ITM
- MUB
- SUB
Competitive Landscape
The municipal bond ETF market is competitive, with several large players offering similar products. HYD differentiates itself through active management and a focus on intermediate-term bonds. A potential advantage is ALPS' expertise, while a disadvantage could be higher expense ratios compared to passively managed index funds.
Financial Performance
Historical Performance: Historical performance data should be obtained from official fund documentation and financial data providers.
Benchmark Comparison: Benchmark comparison requires specific index details and historical performance data.
Expense Ratio: 0.23
Liquidity
Average Trading Volume
The average trading volume indicates acceptable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread should be generally tight, reflecting good market depth.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation, and municipal bond supply/demand dynamics affect HYD. Changes in tax laws can also significantly impact the attractiveness of municipal bonds.
Growth Trajectory
The growth trajectory depends on the overall demand for tax-exempt income and the fund's ability to outperform its peers through active management. Changes to strategy and holdings will be dictated by the fund's active management approach.
Moat and Competitive Advantages
Competitive Edge
HYD's competitive edge lies in its active management approach, aiming to generate higher risk-adjusted returns through strategic bond selection and duration management. ALPS' experience in the municipal bond market provides a strong foundation for this active strategy. This allows HYD to potentially outperform passive index-tracking ETFs in favorable market conditions. However, active management also introduces the risk of underperformance.
Risk Analysis
Volatility
HYD's volatility is generally lower compared to equity ETFs due to the stable nature of municipal bonds. However, interest rate risk and credit risk are key considerations.
Market Risk
Market risk includes interest rate risk, credit risk (though mitigated by the focus on investment-grade bonds), and liquidity risk. Rising interest rates can negatively impact bond values, while downgrades in credit ratings can also affect performance.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking tax-exempt income and who is in a higher tax bracket. Retirees and other income-focused investors may also find HYD attractive.
Market Risk
HYD is suitable for long-term investors seeking stable income and tax advantages. It may also appeal to passive index followers looking for a more actively managed alternative, although there is increased risk associated with active management.
Summary
ALPS Intermediate Municipal Bond ETF (HYD) provides tax-exempt income through active management of intermediate-term municipal bonds. HYD seeks to balance risk and return by investing primarily in investment-grade securities and is a suitable investment for high net worth, income-focused individuals. The fund offers exposure to the municipal bond market, providing tax advantages and relatively low volatility. Investors should be aware of interest rate and credit risks associated with bond investments. Its appeal lies in the potential for outperformance through active management, but this also introduces the possibility of underperformance compared to passive strategies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ALPS ETF Website
- Morningstar
- ETFdb.com
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data may not be readily available and requires further, intensive, research. Past performance is not indicative of future results. Consult with a qualified financial advisor 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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