MNBD Fees and Costs — ALPS Intermediate Municipal Bond ETF
Data updated: 2026-07-29
The net expense ratio is 0.44%. There are no sales loads or redemption fees. Portfolio turnover was 129%.
MNBD Fees and Expenses
Annual operating expenses and sales charges of MNBD. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MNBD Costs Over Time
On $10,000 invested in MNBD, assuming 5% a year before costs, total costs come to $278 over 5 years, cutting the return by 0.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.44%) | $46 | $145 | $253 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $278 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
MNBD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $157.4M
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
MNBD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN DISTRIBUTION SERVICES, INC. | $38.6M | 28.08% |
| BARCLAYS CAPITAL INC. | $29.9M | 21.74% |
| CITICORP SECURITIES SERVICES, INC. | $14.6M | 10.62% |
| GOLDMAN SACHS & CO. LLC | $12.1M | 8.82% |
| MORGAN STANLEY | $10.3M | 7.45% |
| WELLS FARGO SECURITIES, LLC | $10.1M | 7.37% |
| US Bancorp | $6.8M | 4.94% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.9M | 4.27% |
| BOFA SECURITIES, INC | $5.2M | 3.80% |
| TD SECURITIES (USA) LLC | $4.0M | 2.91% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.