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ActivePassive Intermediate Municipal Bond ETF (APMU)
USD24.87
-0.01 (-0.04%)
AMEX USD US Fixed Income
NAV
USD 25.13
-1.02% vs NAV
as of 2025-10-31
AUM
USD 198.02M
TER
0.37%
Yield (TTM)
2.69%
Distribution
Distributing · Monthly
52-week range
24.73 – 25.46
Holdings
715
Issuer
ActivePassive
About this ETF
The fund is an actively-managed exchange-traded fund (“ETF”) that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund’s benchmark index, the Bloomberg Municipal 1-10 Year Blend Index. Under normal market conditions, the fund will invest at least 80% of its net assets in U.S. municipal bond securities that are exempt from U.S. federal income tax and are rated investment grade or better.
ISIN
US89834G7455
Issuer
ActivePassive
Domicile
US
Inception
2023-05-03
Asset class
Fixed Income
Website
activepassive.com/apmu
Price
Top 10 holdings
| iShares National Muni Bond ETF MUB | 6.37% |
| Central Texas Turnpike System 5% 08/15/2033 | 1.68% |
| New York State Dormitory Authority 5% 03/15/2033 | 1.54% |
| Snohomish County Housing Authority 4% 04/01/2033 | 1.52% |
| State of Illinois 5% 04/01/2035 | 1.52% |
| Texas State University System 5% 03/15/2033 | 1.31% |
| State of California 5% 03/01/2035 | 1.29% |
| Commonwealth of Pennsylvania 5% 09/01/2032 | 1.18% |
| Pennsylvania Turnpike Commission 5% 12/01/2034 | 1.11% |
| Capital Trust Authority 5% 12/01/2030 | 1.09% |
Sector mix
Price chart
USD24.87
-0.01 (-0.04%)
Loading historical data…
Returns
| 1 month | -0.20% |
| 3 months | -0.44% |
| 6 months | -1.39% |
| Year to date | -0.88% |
| 1 year | +0.32% |
| 3 years (ann.) | +0.38% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 2.51% |
| Sharpe (1y) | 0.14 |
| Sharpe (3y) | 0.15 |
| Sortino (1y) | 0.18 |
| Max drawdown (1y) | -2.87% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -5.19% |
| Beta vs S&P 500 (1y) | 0.04 |
| Correlation vs S&P 500 (1y) | 0.19 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
20
P(gain) 22 sessions — probability
50%
VaR 95% (daily)
-0.28%
CVaR 95% (daily)
-0.43%
GARCH vol forecast (22d)
0.18%
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
18.6%
Effective holdings
112
Disclosed positions
715
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
APMU
0.37%
Fixed Income median
0.20%
Cheapest in class BKAG
0.00%
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-01 | 2026-07-02 | USD 0.0596 |
| 2026-06-01 | 2026-06-02 | USD 0.0568 |
| 2026-05-01 | 2026-05-04 | USD 0.0546 |
| 2026-04-01 | 2026-04-02 | USD 0.0686 |
| 2026-03-02 | 2026-03-03 | USD 0.0511 |
| 2026-02-02 | 2026-02-03 | USD 0.0391 |
| 2025-12-23 | 2025-12-24 | USD 0.0704 |
| 2025-11-28 | 2025-12-01 | USD 0.0471 |
| 2025-11-03 | 2025-11-04 | USD 0.0582 |
| 2025-10-01 | 2025-10-02 | USD 0.0566 |
| 2025-09-02 | 2025-09-03 | USD 0.0519 |
| 2025-08-01 | 2025-08-04 | USD 0.0561 |
| 2025-07-01 | 2025-07-02 | USD 0.0538 |
| 2025-06-02 | 2025-06-03 | USD 0.0534 |
| 2025-05-01 | 2025-05-02 | USD 0.0526 |
| 2025-04-01 | 2025-04-02 | USD 0.0614 |
| 2025-03-03 | 2025-03-04 | USD 0.0483 |
| 2025-02-03 | 2025-02-04 | USD 0.0498 |
| 2024-12-23 | 2024-12-24 | USD 0.0595 |
| 2024-12-02 | 2024-12-03 | USD 0.0483 |
| 2024-11-01 | 2024-11-04 | USD 0.0539 |
| 2024-10-01 | 2024-10-02 | USD 0.0519 |
| 2024-09-03 | 2024-09-04 | USD 0.0551 |
| 2024-08-01 | 2024-08-02 | USD 0.0573 |
| 2024-07-01 | 2024-07-02 | USD 0.0485 |
| 2024-06-03 | 2024-06-04 | USD 0.0539 |
| 2024-05-01 | 2024-05-03 | USD 0.0335 |
| 2024-04-02 | 2024-04-04 | USD 0.0525 |
| 2024-03-01 | 2024-03-05 | USD 0.0437 |
| 2024-02-01 | 2024-02-05 | USD 0.0390 |
| 2023-12-26 | 2023-12-28 | USD 0.0320 |
| 2023-12-01 | 2023-12-05 | USD 0.0426 |
| 2023-11-01 | 2023-11-03 | USD 0.0477 |
| 2023-10-02 | 2023-10-04 | USD 0.0410 |
| 2023-09-01 | 2023-09-06 | USD 0.0428 |
| 2023-08-01 | 2023-08-03 | USD 0.0457 |
| 2023-07-03 | 2023-07-06 | USD 0.0775 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
