Morningstar

iMGP APA Enhanced Income Municipal Fund Institutional Class APAMX

Morningstar Medalist Rating
Medalist Rating as of | See iM Global Investment Hub
  • NAV / 1-Day Return 10.00  /  −0.20 %
  • Total Assets 17.5M
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.36%
  • Effective Duration 4.00 years

USD | NAV as of Aug 15, 2026 | 1-Day Return as of Aug 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis APAMX

Will APAMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable APAMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the APAMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of APAMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

iMGP APA Enhanced Inc Muncpl Inst holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings APAMX

More APAMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

4.56 815,751
municipal

COLORADO EDL & CULTURAL FACS AUTH REV 5%

4.29 768,747
municipal

OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV 6%

3.98 712,092
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

3.55 635,000
municipal

HOUSTON TEX HOTEL OCCUPANCY TAX & SPL REV 5%

3.13 560,260
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

2.93 524,023
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

2.84 508,169
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

2.79 500,000
municipal

MIRACOSTA CALIF CMNTY COLLEGE DIST 3%

2.77 496,278
municipal

WICHITA FALLS TEX INDPT SCH DIST 3%

2.63 470,508
municipal

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