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Launched · SEC filings

ActivePassive International Equity ETF

APIENYSE ArcaActivePassiveB

$37.71−0.08 (−0.21%)

At close: Nov 2, 2026, 4:00 PM ET

B66/ 100

Rank 13 of 56 in International Active Equity

B66/100Rank 13 of 56inInternational Active Equity
Intraday session: down, 79 prints from 37.79 to 37.71. Range 37.71 to 38.20. Use the arrow keys to read each point.37.9038.0038.1038.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$1.12B
1Y total return
+8.8%
Yield · Last 12 months
3.49%
Holdings
551
Avg volume · 30D
72.6K sh
52W range
low $34.00high $40.20
Launched
Filings
SEC EDGAR

The ETF.net APIE Grade

Based on 5 of 6 pillars

B

Score 66 out of 100

Category
International Active Equity⁠
Rank
13 of 56
Six-pillar profile for APIE. Scores out of 100: Cost 74, Risk 42, Mission not scored, Tradability 76, Holdings 62, Durability 75. Strongest: Tradability (76). Weakest: Risk (42). Based on 5 of 6 pillars.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A74 out of 100
    Rank 15 of 56

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C42 out of 100
    Rank 41 of 56

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 5 of 56

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 20 of 52

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 10 of 56

Our read on APIE

ETF.net Research

In short

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

  • Charges 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.
  • Its 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.
  • Explicitly 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.
  • Several 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

  • Cheaper 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%.
  • An ADR-built index reaches only foreign companies that carry US-listed depositary receipts, a narrower field than a full developed-markets benchmark.
  • Launched in 2023, so its record is short next to the international funds that have been grinding through cycles for decades.

APIE Holdings

Holdings pillarB62 out of 100Rank 20 of 52 in International Active Equity
Asset class
Stocks
Holdings
551
Top-10 weight
23%
Largest holding
TSM11.7%

Sectors

  • Technology23.5%
  • Financials20.5%
  • Industrials13.8%
  • Health Care9.0%
  • Consumer Discretionary8.6%
  • Communication7.2%
  • Consumer Staples6.6%
  • Materials4.9%
  • Energy3.2%
  • Utilities2.3%
  • Real Estate0.5%

Geography

  • United Kingdom14.05%
  • Japan13.90%
  • Taiwan13.31%
  • China8.90%
  • Germany7.49%
  • France6.39%
  • Switzerland5.80%
  • Netherlands4.49%
  • Other countries (31)25.68%

Developed 68% · Emerging 32% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 37.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1TSMTaiwan Semiconductor Manufacturing Co Ltd11.71%321,618$131M283
2TCEHYTencent Holdings Ltd2.22%504,472$24.7M26
3ASMLASML Holding NV1.68%11,935$18.7M211
4BABAAlibaba Group Holding Ltd1.41%160,307$15.7M75
5SAPGFSap SE1.23%58,469$13.7M9
6AZNAstraZeneca PLC1.21%72,113$13.5M70
7RHHBYRoche Holding AG1.17%213,803$13.1M21
8SHELShell PLC0.96%98,194$10.7M72
9SIEGYSiemens AG0.88%66,494$9.84M21
10HSBCHSBC Holdings PLC0.85%110,597$9.45M25
11NVSNovartis AG0.84%58,586$9.42M54
12NVONovo Nordisk A/S0.78%218,270$8.73M34
13ULUnilever PLC0.76%129,694$8.46M44
14No dataFirst American Government Obligations Fund 12/01/20310.74%8,238,150$8.24M477
15NSRGYNestle SA0.73%79,311$8.12M16

Showing 1–15 of 551 holdings

APIE Performance

Launched May 3, 2023

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

Not enough history yet.Not enough history yet.
APIE$10,884
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. APIE $10,884. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+6.4%
1 month−1.8%
3 months−3.3%
1 year+8.8%
3 yearsper year+19.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+6.4%
2025+31.4%
2024+7.3%
2023+8.0%

Since listing, May 3, 2023

APIE in the news

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 Oct 30, 2026.
3.49%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

$10,000 in APIE 3 years ago paid $849 in dividends.

APIE Risk

Risk pillarC42 out of 100Rank 41 of 56 in International Active Equity
How much the fund’s monthly returns vary, scaled to a year.
11.5%
Annualised · 36 months to Oct 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.
1.23
vs 3-month T-bills · to Oct 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%
41 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.

FMP measures it over up to five years of monthly returns.

APIE Cost

Compare APIE and TACN

Overpaying vs TACN, cheapest in International Active Equity

$9,041

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • APIE 0.45%

    $9,041

  • TACN 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • APIE 0.45%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530APIE $9,041TACN $0

Year by year

YearAPIETACNOverpaying
10$812$0$812
20$3,128$0$3,128
30$9,041$0$9,041

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