ActivePassive International Equity ETF (APIE)

APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund’s benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund’s investment portfolio. 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. 

APIE will invest at least 80% of its net assets in equity securities of non-U.S. companies with varying market capitalizations. The Fund’s investment in equity securities may include common stock and preferred stock of companies that are either domiciled or have their primary operations outside the United States. The Fund may invest in companies located in non-U.S. developed markets and in companies located in emerging markets. The Fund may also invest in both American depositary receipts (“ADRs”) and in securities of non-U.S. companies that are denominated in foreign currencies. The Fund carries an expense ratio of 0.45%.

Fund Data & Pricing Data as of 06/20/2024
Net Assets as of 06/20/2024 $713.8m
NAV $28.55
Shares Outstanding 25,000,000
Premium/discount Percentage 0.34%
Closing Price $28.65
Median 30 Day Spread 0.35%

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 APIE
Primary Exchange NYSE
CUSIP 89834G737
Expense Ratio 0.45%

* As of 05/03/2023

Performance Quarter end returns as of 5/31/2024
  Avg. Annualized  
  3 Month 6 Month 9 Month Since Inception
Fund NAV 5.27% 13.14% 14.68% 17.10%
Market Price 4.92% 13.37% 14.43% 16.90%
S&P Classic ADR Composite Index (USD) NTR 5.89% 13.18% 14.40% 15.61%

Expense ratio: 0.45%

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
12/26/2023 12/27/2023 12/28/2023
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
5.68% Taiwan Semiconductor Manufacturing Co Ltd TSM 874039100 232,602 40,463,443.92
2.64% Novo Nordisk A/S NVO 670100205 132,187 18,765,266.52
2.36% SAP SE SAP 803054204 86,633 16,820,663.28
2.30% ASML Holding NV ASML N07059210 15,764 16,340,962.40
2.27% RELX PLC RELX 759530108 354,615 16,170,444.00
2.07% Tencent Holdings Ltd TCEHY 88032Q109 302,135 14,720,017.20
1.93% Schneider Electric SE SBGSY 80687P106 283,730 13,752,393.10
1.77% Nestle SA NSRGY 641069406 119,910 12,580,957.20
1.62% Novartis AG NVS 66987V109 109,356 11,506,438.32
1.58% Toyota Motor Corp TM 892331307 58,131 11,252,998.98

Data as of 06/24/2024. Holdings are subject to change.