ActivePassive Intermediate Municipal Bond ETF

The ActivePassive Intermediate Municipal Bond Fund is a type of mutual fund that primarily invests in intermediate-term municipal bonds. Its main purpose is to provide investors with a source of tax-exempt income by investing in bonds issued by various municipal entities, such as cities, counties, and states, across the United States. This fund targets bonds with intermediate maturities, typically ranging from 3 to 10 years, which helps balance the potential for yield and price stability. Investors are drawn to this fund for its potential to deliver a steady stream of interest income while offering tax advantages, as the interest is generally exempt from federal income taxes and, in some cases, state and local taxes. This makes it particularly appealing to investors in higher tax brackets seeking to preserve capital and earn income. The fund plays a significant role in the financial markets by facilitating the financing of critical public infrastructure projects, such as roads, schools, and utilities, through participation in the municipal bond market. This contributes to the economic development of various communities while providing investors with diversified exposure to municipal debt.