APMU
·ARCA
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Key Stats
Assets Under Management
202.18MUSD
Fund Flows (1Y)
47.70MUSD
Dividend Yield
2.59%
Discount/Premium to NAV
0.11%
Shares Outstanding
8.10M
Expense Ratio
0.37%
About Activepassive Intermediate Municipal Bond ETF
Issuer
Envestnet
Brand
ActivePassive
Home Page
Inception Date
May 3, 2023
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
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 portion of the fund based on the adviser's proprietary research but will be more heavily weighted towards the passive portion. APMU will primarily invest in securities rated as investment grade municipal bonds that are 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 more than three but less than ten years. The passive portion of the fund uses mathematical modelling, 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 to be undervalued in the market.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Broad Credit
Niche
Intermediate
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.22% | -0.30% | +1.48% | +2.01% | -0.02% | -0.02% |
NAV Total Return | +0.30% | +0.30% | +4.41% | +4.70% | +0.03% | +0.03% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
MUB
iShares National Muni Bond ETF
4.36%
Cash & Other
1.57%
New York State Dormitory Authority 5% 03/15/2033
1.00%
Snohomish County Housing Authority 4% 04/01/2033
0.93%
Commonwealth of Pennsylvania 5% 09/01/2032
0.76%
City of New York NY 5% 08/01/2032
0.70%
Capital Trust Authority 5% 12/01/2030
0.70%
State of Ohio 5% 10/01/2031
0.69%
State of Illinois Sales Tax Revenue 5% 06/15/2032
0.69%
Maine Municipal Bond Bank 5% 11/01/2028
0.67%
Top 10 Weight 12.07%
707 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-11-28 | 2025-11-28 | 2025-12-01 | 0.047 |
| 2025-11-03 | 2025-11-03 | 2025-11-04 | 0.058 |
| 2025-10-01 | 2025-10-01 | 2025-10-02 | 0.057 |
| 2025-09-02 | 2025-09-02 | 2025-09-03 | 0.052 |
| 2025-08-01 | 2025-08-01 | 2025-08-04 | 0.056 |
| 2025-07-01 | 2025-07-01 | 2025-07-02 | 0.054 |
| 2025-06-02 | 2025-06-02 | 2025-06-03 | 0.053 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
