ALPS BBH Intermediate Municipal Bond ETF
ALPS BBH Intermediate Municipal Bond ETF (AMEX: MNBD) is an exchange-traded fund listed on NYSE Arca, trading at $25.26 (about ₹2,382 a unit) as of 13 Nov 2026, 3:59 PM ET. It has an expense ratio of 0.44% and holds 131 securities. Indian residents can buy MNBD through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.26
Today's high
$25.33
52 week low
$24.43
52 week high
$26.46
MNBD opened at $25.32, closed previously at $25.40, and has traded between $24.43 and $26.46 over the past 52 weeks.
About
MNBD 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 funds 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%. Before Mar. 31, 2026, the fund was ALPS Intermediate Municipal Bond ETF.
Key statistics
Expense ratio
0.44%
Assets (AUM)
$55.9M
Holdings
131
NAV
$25.40
Avg. volume
4.78K
1-year price change
-2.73%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
MNBD holds 131 securities in total. These 10 are 14.6% of the fund.
Where the money is invested
Sectors
Countries
How to buy MNBD from India
Indian residents can buy MNBD units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in MNBD from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search MNBD and buy
Find the fund by its ticker, MNBD, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your MNBD position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying MNBD from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the MNBD price today?
ALPS BBH Intermediate Municipal Bond ETF (MNBD) last traded at $25.26 on NYSE Arca, as of 13 Nov 2026, 3:59 PM ET. That is ₹2,382 a unit at the 13 Nov 2026 USD/INR rate.
When does MNBD trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is MNBD, and what does it cost to hold?
ALPS BBH Intermediate Municipal Bond ETF manages about $55.9M. Its expense ratio is 0.44% a year, deducted inside the fund. It launched in 2022.
What are MNBD's largest holdings?
The top three are Southeast Energy Authority A Cooperative District (1.9%), New York State Dormitory Authority (1.7%) and University of North Carolina at Chapel Hill (1.6%). MNBD's 10 largest positions make up 14.6% of the fund.
Does MNBD pay dividends?
Yes. MNBD is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on MNBD taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of MNBD?
Yes. You can buy MNBD by amount rather than by whole unit, and there is no minimum trade size.
How has MNBD performed?
MNBD's price is down 2.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.