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Grail Advisors has registered two actively bond exchange-traded funds, the Grail McDonnell Intermediate Municipal Bond ETF and the Grail McDonnell Core Taxable Bond ETF.

McDonnell Investment Management will serve as sub-advisor to the funds, which, similar to traditional actively managed bond mutual funds, will give the portfolio managers wide latitude with respect to investments.

“Our stated goal has been to bring a full lineup of traditional, active fund managers and strategies to the ETF marketplace,” said William M. Thomas, CEO of Grail Advisors. “These new fixed income ETFs, both very important additional to our actively managed list, are made even more compelling by the skill and experience of McDonnell,” a specialist in taxable and tax-exempt fixed income.

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