APMUActivePassive Intermediate Municipal Bond ETF

Get income3y track recordRanked #666 of 1,622 in this goal

Seeks current income exempt from federal income taxes with low principal volatility.

By Active Passive Funds · Launched 2023

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$232M

#2,198 of 5,562 · mid-size

Dividend YieldGoal

2.65%

Track Record

3 years

#2,999 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,423+4.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 17.0% of fund✓ well diversified

iShares National Muni Bond ETF

4.5%

Mount Vernon Liquid Assets Portfolio, LLC

4.3%

First American Government Obli

1.7%

MET TRANSPRTN AUTH NY REVENUE

1.1%

NEW YORK ST DORM AUTH ST PERSO

1.0%

GREAT LAKES MI WTR AUTH SEWAGE

1.0%

SNOHOMISH CNTY WA HSG AUTH

0.9%

VOLUSIA CNTY FL EDUCTNL FAC AU

0.8%

GRANT CNTY WA PUBLIC UTILITY D

0.8%

PENNSYLVANIA ST

0.8%

Asset allocation

Bonds

97.4%

Cash

3.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.4%Low

Year-on-year price swings

Max drawdown

-4.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.19Below average

Sortino (3Y)

-0.25Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.6 years

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks current income exempt from federal income taxes with low principal volatility.
Strategy: Actively managed ETF blending active and passive strategies, investing primarily in U.S. investment-grade municipal bonds. May allocate up to 20% to high-yield municipal bonds, optimizing costs and returns relative to the Bloomberg Municipal Bond: Muni Inter-Short (1-10) Index.
Inception date: May 2, 2023
Fund family: Active Passive Funds