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%.