ActivePassive Intermediate Municipal Bond ETF (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. The Fund may also invest up to 20% of its net assets in high-yield municipal bonds. The Fund carries an expense ratio of 0.36%.

Fund Data & Pricing Data as of 02/29/2024
Net Assets as of 02/29/2024 $69m
NAV $24.86
Shares Outstanding 2,775,000
Premium/discount Percentage 0.40%
Closing Price $24.96
Median 30 Day Spread 0.16%

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Details
Inception Date 05/03/2023
Ticker APMU
Primary Exchange NYSE
CUSIP 89834G745
Expense Ratio 0.36%
30 Day Sec Yield*

* As of 05/03/2023

Performance Quarter end returns as of 11/30/2023
  Avg. Annualized  
  3 Month 6 Month 9 Month Since Inception
Fund NAV 1.57%% 1.56% 00.00% -0.40%
Market Price 1.60% 1.45% 00.00% -0.36%
Bloomberg Municipal 1-10 Year Blend Total Return Index 1.89% 2.13% 00.00% 1.24%

Expense ratio: 0.36%

Inception Date:  05/03/2023

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 1-800-617-0004.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Periods of less than 1-Year are unannualized

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
Ex-Date Record Date 1 Year Payable Date
3/1/2024 3/4/2024 3/5/2024
2/01/2024 2/02/2024 2/05/2024
12/26/2023 12/27/2023 12/28/2023
12/01/2023 12/04/2023 12/05/2023
11/01/2023 11/02/2023 11/03/2023
10/02/2023 10/03/2023 10/04/2023
9/01/2023 9/05/2023 9/06/2023
8/01/2023 8/02/2023 8/03/2023
7/03/2023 7/05/2023 - 7/06/2023
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
11.75% ISHARES TR NATIONAL MUN ETF MUB 464288414 75,061 8,096,830.07
2.71% SNOHOMISH CNTY WASH HSG AUTH R BDS 4% 04/01/2033 83309AGJ4 83309AGJ4 1,810,000 1,868,324.72
2.27% GRANT CNTY WASH PUB UTIL DIST SYS REF BDS 4% 01/01 387874YX2 387874YX2 1,540,000 1,566,665.87
1.69% UNIVERSITY TEX UNIV REVS 5% 08/15/2025 91514AHG3 91514AHG3 1,130,000 1,162,207.26
1.48% MINNESOTA ST 5% 08/01/2028 60412AQU0 60412AQU0 925,000 1,022,769.36
1.44% Cash & Other Cash&Other Cash&Other 993,909 993,909.06
1.18% CALIFORNIA HEALTH FACS FING AU BDS 3% 08/15/2054 13032UYT9 13032UYT9 810,000 810,010.61
1.15% NEW JERSEY ST EDL FACS AUTH RE REV BDS 4% 07/01/20 6460657X4 6460657X4 790,000 791,698.03
1.14% MARYLAND ST DEPT TRANSN CONS T BDS 4% 10/01/2030 574204R62 574204R62 735,000 786,590.68
1.13% NEVADA ST HWY IMPT REV 3% 12/01/2029 641480JB5 641480JB5 780,000 780,338.83

Data as of 03/04/2024. Holdings are subject to change.