---
ticker: "APMU"
name: "ActivePassive Intermediate Municipal Bond ETF"
url: "https://etf.net/etf/APMU"
grade: "B"
score: 55
graded_at: "2026-10-12"
category: "Intermediate Municipal Bonds"
category_rank: "13 of 20"
methodology: "https://etf.net/methodology"
---

# APMU: ActivePassive Intermediate Municipal Bond ETF

Grade **B**, Score 55 of 100. Rank 13 of 20 in Intermediate Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 37 | 11 of 20 |
| Mission | 89 | 15 of 19 |
| Risk | 48 | 13 of 20 |
| Tradability | 38 | 15 of 20 |
| Holdings | 70 | 4 of 20 |
| Durability | 41 | 15 of 20 |

## Top holdings

The fund holds 1238 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | MUB | iShares National Muni Bond ETF | 3.08% |
| 2 | — | First American Government Obligations Fund 12/01/2031 | 2.64% |
| 3 | — | Cash & Other | 1.05% |
| 4 | — | City of Gainesville FL Utilities System Revenue 5% 10/01/2034 | 0.85% |
| 5 | — | Aquarion Water Authority 5.25% 02/01/2031 | 0.85% |
| 6 | — | Metropolitan Transportation Authority 5% 11/15/2029 | 0.85% |
| 7 | — | Central Texas Turnpike System 5% 08/15/2033 | 0.82% |
| 8 | — | New Jersey Transportation Trust Fund Authority 5% 06/15/2035 | 0.75% |
| 9 | — | New York State Dormitory Authority 5% 03/15/2033 | 0.75% |
| 10 | — | Snohomish County Housing Authority 4% 04/01/2033 | 0.74% |
| 11 | — | Great Lakes Water Authority Sewage Disposal System Revenue 5% 07/01/2031 | 0.74% |
| 12 | — | State of Illinois 5% 04/01/2035 | 0.72% |
| 13 | — | State of California 5% 03/01/2035 | 0.66% |
| 14 | — | County of Hamilton OH Sales Tax Revenue 5% 12/01/2035 | 0.64% |
| 15 | — | Texas State University System 5% 03/15/2033 | 0.64% |
| 16 | — | Texas Private Activity Bond Surface Transportation Corp 5% 12/31/2032 | 0.63% |
| 17 | — | City of Mesa AZ Utility System Revenue 5% 07/01/2030 | 0.63% |
| 18 | — | Volusia County Educational Facility Authority 5% 10/15/2030 | 0.63% |
| 19 | — | City of San Antonio TX Electric & Gas Systems Revenue 3% 02/01/2030 | 0.59% |
| 20 | — | Commonwealth of Pennsylvania 5% 09/01/2032 | 0.58% |
| 21 | — | Capital Trust Authority 5% 12/01/2030 | 0.54% |
| 22 | — | Illinois Finance Authority 5% 04/01/2033 | 0.53% |
| 23 | — | Kentucky State Property & Building Commission 5% 04/01/2034 | 0.53% |
| 24 | — | City of New York NY 5% 08/01/2032 | 0.53% |
| 25 | — | State of Ohio 5% 10/01/2031 | 0.53% |
| 26 | — | Maine Municipal Bond Bank 5% 11/01/2028 | 0.53% |
| 27 | — | Philadelphia Gas Works Co 5% 10/01/2032 | 0.52% |
| 28 | — | Los Angeles Department of Water & Power 5% 07/01/2031 | 0.52% |
| 29 | — | Pennsylvania Turnpike Commission Registration Fee Revenue 5% 07/15/2031 | 0.52% |
| 30 | — | Temple University-of The Commonwealth System of Higher Education 5% 04/01/2030 | 0.52% |

Source: etf.net, https://etf.net/etf/APMU. Please cite the page URL.