APAMX – iMGP APA Enhanced Inc Muncpl Inst Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with a high level of income exempt from federal income tax, with a secondary investment objective of capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. dollar-denominated municipal bonds of intermediate maturities that are exempt from federal income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
APAMX	iMGP APA Enhanced Income Municipal Fund Institutional Class	Institutional	Open	—		Dec 16, 2024	$16.66M	0.590%	Above Average	$10,000	−$946,710.86

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