ActivePassive Core Bond ETF (APCB)

APCB is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the Bloomberg U.S. Aggregate Bond Index, the Fund’s benchmark index. The ratio of the Fund’s investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing. APCB will invest at least 80% of its net assets in fixed income securities that are rated investment grade or better and up to 20% of its net assets in high yield debt securities. The fixed income securities include corporate bonds, U.S. government securities, U.S. agency securities, mortgage- and asset-backed securities, as well as ETFs that primarily invest in fixed income securities. The Fund carries an expense ratio of 0.36%.

Fund Data & Pricing Data as of 02/29/2024
Net Assets as of 02/29/2024 $249.75m
NAV $29.30
Shares Outstanding 8,525,000
Premium/discount Percentage 0.15%
Closing Price $29.34
Median 30 Day Spread 0.07%

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Details
Inception Date 05/03/2023
Ticker APCB
Primary Exchange NYSE
CUSIP 89834G752
Expense Ratio 0.36%

* As of 05/03/2023

Performance Quarter end returns as of 11/30/2023
  Avg. Annualized  
  3 Month 6 Month 9 Month Since Inception Cumulative
Fund NAV 0.42% -0.43% 00.00% -1.56%
Market Price 0.31% -0.49% 00.00% -1.49%
Bloomberg U.S. Aggregate Bond Index 0.26% -0.80% 00.00% -1.86%

Expense ratio: 0.36%

Inception Date:  05/03/2023

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 1-800-617-0004.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Periods of less than 1-Year are unannualized

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Distribution Detail
Ex-Date Record Date 1 Year Payable Date
3/01/2024 3/4/2024 3/5/2024
2/01/2024 2/02/2024 2/05/2024
12/26/2023 12/27/2023 12/28/2023
12/01/2023 12/04/2023 12/05/2023
11/01/2023 11/02/23 11/03/2023
10/02/2023 10/03/2023 10/04/2023
9/01/2023 9/05/2023 9/06/2023
8/01/2023 8/02/2023 8/03/2023
7/03/2023 07/05/2023 - 7/06/2023
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
11.79% ISHARES TR MBS ETF MBB 464288588 320,171 29,474,942.26
10.06% VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX 92203J407 516,196 25,149,069.12
7.61% ISHARES TR CORE US AGGBD ET AGG 464287226 194,978 19,016,204.34
1.21% UNITED STATES TREAS NTS 4% 01/15/2027 91282CJT9 91282CJT9 3,055,000 3,026,717.39
0.96% UNITED STATES TREAS NTS 3.875% 08/15/2033 91282CHT1 91282CHT1 2,457,000 2,395,383.06
0.94% UNITED STATES TREAS NTS 4.625% 09/15/2026 91282CHY0 91282CHY0 2,334,000 2,345,989.10
0.90% UNITED STATES TREAS NTS 3.875% 03/31/2025 91282CGU9 91282CGU9 2,285,000 2,259,946.48
0.82% UNITED STATES TREAS NTS 4.625% 11/15/2026 91282CJK8 91282CJK8 2,048,000 2,060,720.01
0.80% Cash & Other Cash&Other Cash&Other 1,992,079 1,992,078.80
0.79% UNITED STATES TREAS NTS 4.375% 11/30/2028 91282CJN2 91282CJN2 1,962,000 1,978,056.20

Data as of 03/04/2024.  Holdings are subject to change.