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APIE

GradeBNew York Stock Exchange Arca

ActivePassive International Equity ETF

Active Equity · ActivePassive · Inception 2023-05-03 · SEC filings

$38.86−0.60 (−1.51%)

As of Sep 23, 2026, 3:06 PM EDT

History starts May 3, 2023.
Intraday session: down, 33 prints from 39.46 to 38.86. Range 38.70 to 39.18. Use the arrow keys to read each point.$38.80$39.00$39.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$1.1B
1Y return
+15.4%
Yield · Last 12 months
3.34%
Volume · 30D
0.1M sh
NAV per share
$38.79
52W range
low $34.00high $40.20

The ETF.net APIE Grade

B

66/ 100

Rank 14 of 57 in International Active Equity⁠

Confidence Medium

Six-pillar profile for APIE. Scores out of 100: Cost 76, Risk 42, Mission not scored, Tradability 73, Holdings 61, Durability 75. Strongest: Cost (76). Weakest: Risk (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 76
    Category rank14/57 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank40/57 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 73
    Category rank10/57 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank22/53 · top 42%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 75
    Category rank10/57 · top 18%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on APIE

ETF.net Research

BThe name is the whole pitch. APIE anchors developed-markets-ex-US exposure to an American depositary receipt index, then blends active judgment over that passive core, at a price under the typical active international fund.

Stated mandate

The fund seeks long-term capital appreciation.

Why people hold it

  1. 01Charges 0.45%, below the roughly 0.60% median for active international equity funds. Not the cheapest shelf in the aisle, but the fee works in the shareholder's favor versus the typical rival.
  2. 02Its reference index is the ADR version of developed markets outside the US, so the building blocks are US-listed depositary receipts rather than shares bought on local exchanges.
  3. 03Explicitly a hybrid: an index-referenced core with active decision-making layered on, per the fund's own filings. One ticker instead of pairing a cheap tracker with a stock-picker.
  4. 04Several hundred million dollars in assets, moderate steady volume, and a spot in the upper half of a peer group of more than 50 international active-equity funds.

Worth knowing

  1. 01Cheaper systematic competitors are right there: AVDE, DFIC and JIRE all list fees near 0.22% to 0.24%, roughly half of APIE's 0.45%.
  2. 02An ADR-built index reaches only foreign companies that carry US-listed depositary receipts, a narrower field than a full developed-markets benchmark.
  3. 03Launched in 2023, so its record is short next to the international funds that have been grinding through cycles for decades.

APIE Holdings

As of Sep 20, 2026, 7:35 AM
Asset class
Stocks
Holdings
—
Top-10 weight
24%
Largest holding
TSM12.2%

Sectors

  • Technology21.7%
  • Financials20.7%
  • Industrials14.1%
  • Consumer Discr.9.2%
  • Health Care9.2%
  • Communication7.5%
  • Cons. Staples6.5%
  • Materials5.3%
  • Energy2.9%
  • Utilities2.3%
  • Real Estate0.5%

Geography

  • Japan13.96%
  • United Kingdom13.90%
  • Taiwan12.61%
  • China8.59%
  • Germany7.56%
  • France6.77%
  • Switzerland5.78%
  • Netherlands4.78%
  • Other countries (32)26.07%

Developed 69% · Emerging 31% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 37.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTaiwan Semiconductor Manufacturing Co Ltd12.17%320,154$139M268
002TCEHYTencent Holdings Ltd2.21%468,622$25M23
003ASMLASML Holding NV1.75%11,894$20M199
004BABAAlibaba Group Holding Ltd1.60%161,726$18M78
005SAPSAP SE1.22%66,437$14M65
006RHHBYRoche Holding AG1.10%233,181$13M18
007AZNAstraZeneca PLC1.04%71,875$12M68
008HSBCHSBC Holdings PLC0.99%111,294$11M30
009SIEGYSiemens AG0.89%66,717$10M10
010SHELShell PLC0.84%101,694$10M65
011RYCEYRolls-Royce Holdings PLC0.79%467,283$9M17
012—First American Government Obligations Fund 12/01/20310.79%9,005,108$9M625
013NVONovo Nordisk A/S0.74%195,760$8M35
014NVSNovartis AG0.74%60,035$8M49
015MUFGMitsubishi UFJ Financial Group Inc0.73%363,201$8M19

Showing 1–15 of 543 holdings

APIE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

APIE$11,544
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. APIE $11,544. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for APIE. Periods over one year show the average yearly return.
PeriodAPIE
Year to date+11.1%
1 month−0.8%
3 months+1.8%
1 year+15.4%
3 years+19.2%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for APIE
YearReturn barAPIE
2026 YTD+11.1%
2025+31.4%
2024+7.3%
2023+8.0%

Since listing, May 3, 2023

APIE in the news

ETF.net Research hasn’t filed on APIE yet — coverage lands here as it’s written.

APIE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.34%Last 12 months
Payout per share
$1.32Last 12 months
Last payment
$1.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.17; Dec 23, 2024 $0.60; Dec 23, 2025 $1.32. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$1.32
Dec 23, 2024Dec 24, 2024$0.60
Dec 26, 2023Dec 28, 2023$0.17

APIE Risk

How much the fund’s monthly returns vary, scaled to a year.
11.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.10
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.9%
40 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.82
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

APIE Cost

Expense ratio0.45%
  • The middle half of International Active Equity funds
  • Median 0.58%

13 of the 55 International Active Equity funds charge less.

APIE costs $45.00 a year on $10,000. The median International Active Equity fund costs $58.00.