APMU ETF — ActivePassive Intermediate Municipal Bond ETF

ActivePassive Intermediate Municipal Bond ETF (APMU)

Updated October 2, 2026.

APMU is an ETF. its distribution rate is 1.60%, its trailing-12-month yield is 2.60%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Total return is 4.1% over the past 3.4 years, 92.9 points behind SPY at 97.0%.

At the current 1.60% distribution rate, a $10,000 investment would generate approximately $160 per year, or $13.33 per month.

This ETF blends active and passive investment strategies to track the Bloomberg Municipal 1-10 Year Blend Index, investing primarily in investment-grade U.S. municipal bonds exempt from federal income tax. It carries a modest current distribution rate with monthly distributions and a low expense ratio of 0.35%. The fund appeals to income investors seeking tax-advantaged municipal bond exposure with a balanced management approach.

APMU performance versus SPY

Price and return data through 2026-10-02.

Total return is 4.1% over the past 3.4 years, 92.9 points behind SPY at 97.0%. Over the past year its total return — price change plus distributions reinvested — is -1.9%. Its deepest 1-year drawdown was 5.0%.

APMU key facts

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

1.57%

Issuer

iMGP

Asset type

ETF

Asset class

Fixed Income

Inception date

05/02/2023

Expense ratio

0.35%

Distribution rate

1.60%

Distribution frequency

Monthly

Trailing yield

2.60%

Last close

$24.03 (as of 2026-10-02)

AUM

$244,428,963

Average volume

61200.0

Last dividend

$0.03211

Last ex-dividend date

10/01/2026

Last payment date

10/02/2026 (as of 2026-10-02)

Beta

0.6

How Dividend Vision calculates yield and returns

Distribution rate (1.60%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.60%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iMGP; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

APMU risks and drawbacks

APMU's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.0%.

Who may consider APMU — and who may not

APMU may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from iMGP.