APMU was created on 2023-05-03 by ActivePassive. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 194.25m in AUM and 1240 holdings. APMU is an actively managed fund that blends active and passive investment strategies to provide current income exempt from federal taxes consistent with low volatility of principal. The ETF uses a portfolio of mostly investment grade municipal bonds, with a dollar-weighted average maturity of more than three but less than ten years.
