APMU

ActivePassive Intermediate Municipal Bond ETF

$25.13

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The ActivePassive Intermediate Municipal Bond ETF (APMU) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in a diversified portfolio of intermediate-term municipal bonds.

Overview

ETF tracking ActivePassive Intermediate Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-05-03

Market Cap $190.4M

Average Volume N/A

Dividend Yield 2.16%

52-Week Range $24.20 - $25.31

VWAP $25.14

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a hybrid approach, combining active management to identify undervalued municipal bonds with passive exposure to a broad municipal bond index. The active component aims to generate alpha through security selection, while the passive component provides broad market exposure and diversification.

✨ Key Features

Invests primarily in intermediate-term municipal bonds, providing a balance of income and lower interest rate risk compared to longer-term bonds.
Utilizes a combination of active and passive management to potentially enhance returns while maintaining broad market exposure.
Seeks to provide income that is generally exempt from federal income taxes.
Low expense ratio of 0.00%.

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise.
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds.
Liquidity risk: Municipal bonds may have lower liquidity compared to other fixed-income securities, which could impact the fund's ability to sell holdings at favorable prices.
Tax risk: Changes in tax laws or regulations may affect the tax-exempt status of municipal bonds, potentially reducing the fund's after-tax returns.

👤 Best For

The ActivePassive Intermediate Municipal Bond ETF may be suitable for investors seeking tax-advantaged income and moderate risk exposure within their fixed-income allocation. It may be particularly appealing to investors in higher tax brackets who are looking to generate tax-exempt income.