APMU Performance — ActivePassive Intermediate Municipal Bond ETF
Data updated: 2026-07-28
APMU returned +0.44% year to date and +4.40% over one year to May 2026. The annualised 3-year return is +3.08%. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $104 over one year, against $106. Volatility over the past three years was 3.52% a year. In the 12 months to May 2026 the fund took in a net $60.7M, and assets reached $231.58M.
APMU Growth of $100
What $100 invested in ActivePassive Intermediate Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | APMU | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $106 |
| 3 years (Jun 2023 – May 2026) | $110 | $111 |
| Since data start (Mar 2023 – May 2026) | $107 | $112 |
APMU Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.44% |
| 1 year | +4.40% |
| 3 years (annualised) | +3.08% |
APMU Annual Returns
Calendar-year total returns of ActivePassive Intermediate Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.44% |
| 2025 | +4.67% |
| 2024 | +0.97% |
| 2023 (Mar–Dec) | +1.19% |
APMU Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | +0.8% | −2.1% | +0.6% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +0.8% | −0.8% | −0.5% | +0.7% | +0.9% | +0.5% | +0.8% | +0.9% | +0.4% | +0.2% | +0.3% |
| 2024 | −0.2% | 0.0% | −0.2% | −0.8% | −0.6% | +1.1% | +0.9% | +1.0% | +0.5% | −0.9% | +0.8% | −0.7% |
| 2023 | — | — | 0.0% | 0.0% | −1.9% | +0.6% | +0.1% | −0.7% | −1.8% | −0.3% | +3.8% | +1.6% |
APMU Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.52%
- 3-year Sharpe ratio: -0.40 (vs 4.5% risk-free rate)
- Best month: +3.77% (Nov 2023)
- Worst month: −2.07% (Mar 2026)
APMU Fund Flows
Monthly money in and out of ActivePassive Intermediate Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $60.7M
- 12-month gross sales (incl. reinvestments): $60.7M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.5M | $0 | $7.5M |
| Apr 2026 | $5.0M | $0 | $5.0M |
| Mar 2026 | $629K | $0 | $629K |
| Feb 2026 | $5.7M | $0 | $5.7M |
| Jan 2026 | $8.8M | $0 | $8.8M |
| Dec 2025 | $5.6M | $0 | $5.6M |
| Nov 2025 | $1.9M | $0 | $1.9M |
| Oct 2025 | $5.0M | $0 | $5.0M |
| Sep 2025 | $4.4M | $0 | $4.4M |
| Aug 2025 | $3.7M | $0 | $3.7M |
| Jul 2025 | $11.1M | $0 | $11.1M |
| Jun 2025 | $1.2M | $0 | $1.2M |
APMU Assets Under Management
Net assets of ActivePassive Intermediate Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $231.58M |
| 2026-02-28 | $222.68M |
| 2025-11-30 | $199.28M |
| 2025-08-31 | $186.88M |
| 2025-05-31 | $168.24M |
| 2025-02-28 | $161.10M |
| 2024-11-30 | $149.24M |
| 2024-08-31 | $139.63M |
| 2024-05-31 | $128.43M |
| 2024-02-29 | $69.00M |
| 2023-11-30 | $33.26M |
| 2023-08-31 | $30.49M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.