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 09/22/2023
Net Assets as of 09/22/2023 $75.74m
NAV $24.83
Shares Outstanding 3,050,000
Premium/discount Percentage 0.03%
Closing Price $24.84
Median 30 Day Spread 0.56%

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 05/31/2023
  Avg. Annualized  
  Quarter 1 Year 3 Year Since Inception
Fund NAV 00.00% 00.00% 00.00% -2.46%
Market Price 00.00% 00.00% 00.00% -2.24%
S&P Classic ADR Composite Index 00.00% 00.00% 00.00% 00.00%

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.

Distribution Detail
Ex-Date Record Date 1 Year Payable Date
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
2.67% NOVARTIS AG NVS 66987V109 19,978 2,020,574.92
2.51% TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM 874039100 22,235 1,904,205.40
2.41% RELX PLC RELX 759530108 53,606 1,825,284.30
2.38% Cash & Other Cash&Other Cash&Other 1,799,961 1,799,960.71
2.14% NESTLE S A NSRGY 641069406 13,739 1,618,179.42
2.06% NOVO-NORDISK A S NVO 670100205 17,110 1,562,143.00
2.04% TENCENT HOLDINGS LIMITED TCEHY 88032Q109 38,915 1,548,038.70
2.01% HONDA MOTOR LTD HMC 438128308 43,295 1,525,282.85
1.89% TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS TAK 874060205 90,506 1,433,615.04
1.82% LVMH MOET HENNESSY LOU VUITTON ADR LVMUY 502441306 8,924 1,381,167.48

Data as of 09/25/2023. Holdings are subject to change.