ETF Evaluator:
Genter Capital Municipal Qual Interm ETF ()
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(as of Nov 13)
Best Performing in Muni National Intermediate Over the Last Year
| 2.1% | Northern Trust Intermediate Tx Exm BdETF (TAXI) |
| 1.7% | PGIM Municipal Income Opportunities ETF (PMIO) |
| 1.7% | Goldman Sachs Municipal Income ETF (GMUB) |
| 1.6% | iShares Intermediate Muni Income Act ETF (INMU) |
| 1.4% | T. Rowe Price Intermediate Muncpl IncETF (TAXE) |
Risk
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ETF Details
Genter Capital Municipal Qual Interm ETF Overview
Genter Capital Municipal Qual Interm ETF (GENM) is an actively managed Municipal Bond Muni National Intermediate exchange-traded fund (ETF). Genter funds launched the ETF in 2024.
The investment seeks current income free from federal income tax with a secondary objective of capital appreciation.
Under normal market conditions, the fund invests at least 80% of its net assets in a diversified portfolio of municipal obligations, the interest on which is exempt from regular federal income tax. The fund normally invests in municipal obligations rated A or higher by S&P Global Ratings, Fitch Ratings or Moody’s Investors Service, Inc. or, if unrated, determined by the Subadvisor to be of comparable quality at the time of purchase.
About Genter Capital Municipal Qual Interm ETF (GENM)
There are 2 members of the management team with an average tenure of 2.45 years: Brian Pytlewski (2024) and Paul Ryan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal 1-5 Yr TR USD index with a weighting of 100%. Genter Capital Municipal Qual Interm ETF has 90 securities in its portfolio. The top 10 holdings constitute 24.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Genter Capital Municipal Qual Interm ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. Genter Capital Municipal Qual Interm ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.3% (98.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Genter Capital Municipal Qual Interm ETF has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $33 million in total assets, which is below the $3 billion average for the Muni National Intermediate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GENM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Genter Capital Municipal Qual Interm ETF expense ratio is below average compared to funds in the Muni National Intermediate category. Genter Capital Municipal Qual Interm ETF has an expense ratio of 0.39%, which is 38% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Genter Capital Municipal Qual Interm ETF has a portfolio turnover rate of 47%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Muni National Intermediate category.
Recently, in the month of October 2026, Genter Capital Municipal Qual Interm ETF returned 2.9%, which earned it a grade of F, as the Muni National Intermediate category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Genter Capital Municipal Qual Interm ETF has a trailing yield of 3.00%, which is below the 3.53% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Genter Capital Municipal Qual Interm ETF Grades
Year to date, the ETF has returned 0.9%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 1.3% over the past year (grade of A).
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GENM Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GENM Return (NAV) | 2.9% | 0.2% | 1.3% | na | na | na |
| GENM Return (Price) | 2.9% | 0.5% | 1.3% | na | na | na |
| NAV +/- Price Return | -0.009% | -0.344% | 0.015% | na | na | na |
| Muni National Intermediate Avg | 3.5% | -0.4% | 0.5% | 4.6% | 0.8% | 2.0% |
| GENM Grade (NAV) | F | A | A | na | na | na |
| +/- Category (NAV) | -0.7% | 0.6% | 0.8% | na | na | na |
| GENM Tax-Cost Ratio | na | na | 0.0% | na | na | na |
GENM Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GENM Return (NAV) | 0.9% | 5.1% | na | na | na | na | na | na | na | na | na |
| GENM Return (Price) | 0.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.025% | na | na | na | na | na | na | na | na | na | na |
| Muni National Intermediate Avg | -0.0% | 4.7% | 2.0% | 6.1% | -8.1% | 1.6% | 5.0% | 7.7% | 1.2% | 5.2% | 0.1% |
| GENM Grade (NAV) | A | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.9% | 0.4% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.0% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 47.8% |
| Expense Ratio: | 0.39% |
| Index Fund: | No |
| Index Tracked: | Bloomberg Municipal TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Pytlewski Brian (2024), Ryan Paul (2024) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 90 |
| % in Top 10 Holdings: | 24.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.3% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Genter funds |
| Phone Number: | 800-773-3863 |
| Website: | |
| Inception Date: | May 21, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.28% |
