APMU — ActivePassive Intermediate Municipal Bond ETF
This actively managed exchange-traded fund (ETF) strategically combines active and passive investment approaches. Its primary objective is to achieve superior cost efficiency, improve its tracking performance against its benchmark—the Bloomberg Municipal 1-10 Year Blend Index—and enhance potential returns. Under typical market conditions, the fund will commit at least 80% of its total assets to U.S. municipal debt instruments that are exempt from U.S. federal income tax and carry an investment-grade credit rating or better.
Company profile
- Sector: Financial Services
- Industry: Asset Management - Bonds
- Country: US
- Exchange: AMEX
- Website: http://www.activepassive.com/apmu
Educational tool only — not investment advice.