ActivePassive Intermediate Municipal Bond ETF (APMU)
APMU is an actively managed ETF by ActivePassive. APMU launched on May 2, 2023 and has a 0.36% expense ratio.
ETF Info
| Issuer | ActivePassive |
|---|---|
| Inception Date | May 2, 2023 |
| Category | Municipal Bonds |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
APMU features an expense ratio of 0.36%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ActivePassive Intermediate Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ActivePassive Intermediate Municipal Bond ETF had a return of -0.11% year-to-date (YTD) and 2.18% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.11% | 13.20% |
| 1 month | 0.44% | -1.28% |
| 6 months | 0.45% | 10.32% |
| 1 year | 2.18% | 18.23% |
| 5 years (annualized) | N/A | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
Monthly Returns
The table below presents the monthly returns of APMU, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.13% | -0.02% | -0.32% | -0.83% | -0.40% | 0.88% | -0.11% | ||||||
| 2023 | -2.06% | 0.60% | 0.03% | -0.77% | -1.88% | -0.08% | 3.63% | 1.88% | 1.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of APMU is 39, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ActivePassive Intermediate Municipal Bond ETF (APMU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ActivePassive Intermediate Municipal Bond ETF granted a 2.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.52 | $0.33 |
Dividend yield | 2.11% | 1.31% |
Monthly Dividends
The table displays the monthly dividend distributions for ActivePassive Intermediate Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.04 | $0.04 | $0.05 | $0.03 | $0.05 | $0.05 | $0.27 | |||||
| 2023 | $0.08 | $0.05 | $0.04 | $0.04 | $0.05 | $0.07 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ActivePassive Intermediate Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ActivePassive Intermediate Municipal Bond ETF was 4.40%, occurring on Oct 6, 2023. Recovery took 42 trading sessions.
The current ActivePassive Intermediate Municipal Bond ETF drawdown is 0.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.4% | May 4, 2023 | 108 | Oct 6, 2023 | 42 | Dec 6, 2023 | 150 |
| -1.99% | Feb 2, 2024 | 82 | May 30, 2024 | — | — | — |
| -0.98% | Dec 28, 2023 | 18 | Jan 24, 2024 | 6 | Feb 1, 2024 | 24 |
| -0.2% | Dec 8, 2023 | 1 | Dec 8, 2023 | 3 | Dec 13, 2023 | 4 |
| -0.1% | Dec 22, 2023 | 1 | Dec 22, 2023 | 2 | Dec 27, 2023 | 3 |
Volatility
Volatility Chart
The current ActivePassive Intermediate Municipal Bond ETF volatility is 0.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.