ActivePassive Intermediate Municipal Bond ETF
$24.620.00 (0.00%)
- 0.35%
- $257M
- +0.5%
- 2.53%
- 32.8K sh
- low $23.76high $25.99
The ETF.net APMU Grade
C
Score 54 out of 100
- 14 of 20
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 13 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 15 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 13 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 11 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 5 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 15 of 20
Our read on APMU
In short
CThe name is the strategy: an index-tracking muni core plus an active sleeve from GW&K, aimed at federally tax-free income with low volatility of principal in the 1-10 year slice of the curve.
Stated mandate
The Fund seeks current income exempt from federal income taxes while maintaining relatively low volatility.
Why people hold it
Worth knowing
APMU Holdings
- Bonds
- 1,236
- 11%
- MUB
Geography
- United States100.00%
APMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
APMU$10,053
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | APMU |
|---|---|
| Year to date | +0.2% |
| 1 month | +3.2% |
| 3 months | +0.4% |
| 1 year | +0.5% |
| 3 years | +3.7% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | APMU |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +4.5% | |
| 2024 | +0.9% | |
| 2023 | +1.2% |
APMU in the news
APMU Dividends
- 2.53%
- $0.62
- $0.03 per share
- Monthly
APMU Risk
- 4.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.18
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
APMU Cost
Overpaying vs TAXI, cheapest in Intermediate Municipal Bonds
$6,066
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
APMU 0.35%
$7,126
TAXI 0.05% Cheapest
$1,060
Cost over time
Year by year
| Year | APMU | TAXI | Overpaying |
|---|---|---|---|
| 10 | $634 | $92 | $542 |
| 20 | $2,454 | $360 | $2,094 |
| 30 | $7,126 | $1,060 | $6,066 |
Other funds in Intermediate Municipal Bonds
- CMFSMMFS Active Intermediate Muni Bond ETFExpense ratio 0.34%1 year return +0.6%
- BBKMIBNY Mellon Municipal Intermediate ETFExpense ratio 0.35%1 year return
- CMMCANYLI MacKay California Muni Intermediate ETFExpense ratio 0.36%1 year return +0.1%
- CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFExpense ratio 0.35%1 year return +0.5%
- CINTMInvesco Intermediate Municipal ETFExpense ratio 0.35%1 year return +0.9%
