ActivePassive U.S. Equity ETF (APUE)

APUE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the CRSP U.S. Total Market 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 the firm’s proprietary methodologies and academic research on factor investing.

APUE will invest at least 80% of its net assets in equity securities of U.S. companies included in the CRSP U.S. Total Market Index. The CRSP U.S. Total Market Index tracks constituents across the capitalization spectrum and represents nearly 100% of the investable U.S. equity market. The Fund will invest at least 60% of its net assets in equity securities of U.S. companies with large market capitalizations. The Fund’s investment in equity securities may include common stock and preferred stock. The Fund carries an expense ratio of 0.33%.

Fund Data & Pricing Data as of 02/29/2024
Net Assets as of 02/29/2024 $570.94m
NAV $31.16
Shares Outstanding 18,325,000
Premium/discount Percentage 0.17%
Closing Price $31.21
Median 30 Day Spread 0.10%

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
Fund Inception 05/03/2023
Ticker APUE
Primary Exchange NYSE
CUSIP 89834G729
IOPV Symbol APUE.IV
NAV Symbol APUE.NV
Expense Ratio 0.33%
30 Day Sec Yield*

* 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 1.32% 9.99% 00.00% 12.24%
Market Price 1.14% 9.90% 00.00% 12.21%
CRSP U.S. Total Market Index 1.38% 10.01% 00.00% 11.89%

Expense ratio: 0.33%

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
XXXX XXXX XXXX XXXX
12/26/2023 12/27/2023 XXXX 12/28/2023
TOP 10 HOLDINGS
% Of Net Assets Name Ticker CUSIP Shares Held Market Value
9.24% DIMENSIONAL ETF TRUST US SMALL CAP ETF DFAS 25434V500 884,400 53,461,980.00
6.34% MICROSOFT CORP MSFT 594918104 88,343 36,706,516.50
5.43% APPLE INC AAPL 037833100 174,921 31,426,306.86
4.09% NVIDIA CORPORATION NVDA 67066G104 28,774 23,674,959.46
3.45% AMAZON COM INC AMZN 023135106 112,157 19,988,620.54
2.46% META PLATFORMS INC META 30303M102 28,335 14,232,670.50
2.18% BERKSHIRE HATHAWAY INC DEL BRK/B 084670702 31,011 12,624,888.21
1.95% ALPHABET INC GOOGL 02079K305 82,115 11,261,251.10
1.59% BROADCOM INC AVGO 11135F101 6,577 9,202,341.09
1.57% ALPHABET INC GOOG 02079K107 65,773 9,081,935.84

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