APMUActivePassive Intermediate Municipal Bond ETF
Seeks current income that is exempt from federal income taxes with low volatility of principal.
By Active Passive Funds · Launched 2023
Annual Cost
0.35%
#1,699 of 6,035 · low cost
Fund Size
$246M
#2,272 of 6,035 · mid-size
Return (1Y)
-0.9%
Track Record
3 years
#2,941 of 6,035 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,902-1.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 15.8% of funddiversified
iShares National Muni Bond ETF
4.1%
Mount Vernon Liquid Assets Portfolio, LLC
3.9%
First American Government Obli
1.5%
TEXAS ST TRANSPRTN COMMISSION
1.0%
MET TRANSPRTN AUTH NY REVENUE
1.0%
NEW YORK ST DORM AUTH ST PERSO
0.9%
NEW JERSEY ST TRANSPRTN TRUST
0.9%
GREAT LAKES MI WTR AUTH SEWAGE
0.9%
SNOHOMISH CNTY WA HSG AUTH
0.9%
CALIFORNIA ST
0.8%
Asset allocation
Bonds
97.0%
Cash
3.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.6%Low
Year-on-year price swings
Max drawdown
-4.4%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.49Below average
Sortino (3Y)
-0.64Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.5 years
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income that is exempt from federal income taxes with low volatility of principal.
- Strategy
- Actively manages a blend of U.S. municipal bond securities, targeting current income while minimizing volatility. Allocates at least 80% to investment-grade bonds, with a mix of active and passive strategies to optimize costs and returns.
- Inception date
- May 2, 2023
- Fund family
- Active Passive Funds
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18