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ETFs

ActivePassive Intermediate Municipal Bond ETF

APMU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2023
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Envestnet
Volume (1m avg. daily)
$55,922
AUM
$30,163,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
5.94%
n/a
New Jersey Educ Fac 4 % Bonds 2014-01.07.28 Princeton University Series A
2.60%
n/a
MARYLAND ST DEPT TRANSN CONS T BDS 4% 10/01/2030
2.53%
n/a
NEVADA ST HWY IMPT REV 3% 12/01/2029
2.47%
n/a
NORTH CAROLINA ST GRANT ANTIC GRANT ANTIC REV VEHICLE 2015 5% 03/01/2028
2.09%
n/a
Cash & Other
2.06%
n/a
MASSACHUSETTS ST HSG FIN AGY H BDS 3.05% 12/01/2027
1.67%
n/a
NEW JERSEY ST TPK AUTH TPK REV REV BDS 5% 01/01/2031
1.67%
n/a
NEW YORK ST TWY AUTH GEN REV REV REF BDS 5% 01/01/2028
1.43%
n/a
PENNSYLVANIA ST 5% 08/15/2032
1.43%
Invest with APMU

What is APMU?

APMU is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg Municipal 1-10 Year Blend Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APMU 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.

ETFs related toAPMU

ETFs correlated to APMU include VTES, IBMQ, SCMB

APMU
Trust For Professional Managers - ActivePassive Intermediate Municipal Bond ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
DFCA
Dimensional ETF Trust - Dimensional California Municipal Bond ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

APMU is a US Bonds ETF. APMU is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg Municipal 1-10 Year Blend Index, the Fund's benchmark index. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APMU 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.

Yes, APMU is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, APMU is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APMU is -0.0098%. This is the percent change in the value of APMU over the most recent 1-month period. The 3-month return on APMU is -0.0198%. This is the percent change in the value of APMU over the most recent 3-month period.

ETFs similar to APMU include HYD, VTEB, and TFI.

ETFs correlated to APMU include VTES, IBMQ, and SCMB.

ETFs that are inversely correlated to APMU include TMV, TBT, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.