Key stats
About ActivePassive Intermediate Municipal Bond ETF
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Inception date
May 3, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Envestnet Asset Management, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US89834G7455
APMU combines active and passive strategies to take advantage of the low costs of index tracking, while providing the opportunity to add value through risk mitigation and security selection. The fund allocates to the active and passive portions of the fund based on the advisers proprietary research but will be more heavily weighted towards the passive portion. APMU will primarily invest in investment grade municipal bonds exempt from US federal taxes. Up to 20% of the fund may be invested in high-yield securities. The fund includes short-term and long-term securities but aims to have a dollar-weighted average maturity of over 3 but less than 10 years. The passive portion of the fund uses mathematical modeling, computer systems, and data analysis to provide investment results similar to the underlying index. The active portion of the fund may utilize a multi-manager, fundamental-based research strategy to select securities they believe are undervalued in the market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal93.43%
ETF4.10%
Mutual fund1.88%
Cash0.42%
Securitized0.18%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
APMU invests in bonds. The fund's major sectors are Municipal, with 93.43% stocks, and Securitized, with 0.18% of the basket. The assets are mostly located in the N/A region.
APMU last dividends amounted to 0.05 USD. The year before, the issuer paid 0.06 USD in dividends, which shows a 8.13% decrease.
APMU assets under management is 186.86 M USD. It's risen 2.70% over the last month.
APMU fund flows account for 46.95 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, APMU pays dividends to its holders with the dividend yield of 2.58%. The last dividend (Sep 3, 2025) amounted to 0.05 USD. The dividends are paid annually.
APMU shares are issued by Envestnet, Inc. under the brand ActivePassive. The ETF was launched on May 3, 2023, and its management style is Active.
APMU expense ratio is 0.37% meaning you'd have to pay 0.37% of your investment to help manage the fund.
APMU follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
APMU invests in bonds.
APMU price has risen by 0.33% over the last month, and its yearly performance shows a −0.15% decrease. See more dynamics on APMU price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.13% increase in three-month performance and has increased by 2.57% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.13% increase in three-month performance and has increased by 2.57% in a year.
APMU trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.