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APUE

GradeANew York Stock Exchange Arca

ActivePassive U.S. Equity ETF

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

$47.35−0.34 (−0.71%)

As of Sep 23, 2026, 3:10 PM EDT

History starts May 3, 2023.
Intraday session: down, 69 prints from 47.69 to 47.35. Range 47.28 to 47.63. Use the arrow keys to read each point.$47.30$47.40$47.50$47.6010 AM12 PM2 PM4 PM
Expense ratio
0.31%
Fund size
$2.5B
1Y return
+17.9%
Yield · Last 12 months
0.73%
Volume · 30D
0.1M sh
NAV per share
$47.02
52W range
low $38.77high $48.17

The ETF.net APUE Grade

A

80/ 100

Rank 6 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for APUE. Scores out of 100: Cost 83, Risk 68, Mission not scored, Tradability 88, Holdings 79, Durability 80. Strongest: Tradability (88). Weakest: Risk (68). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 80 of 100 sits in the A 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 83
    Category rank22/127 · top 17%

  • 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.
    BScore 68
    Category rank20/126 · top 16%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 88
    Category rank5/127 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 79
    Category rank19/124 · top 15%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank18/127 · top 14%

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

Our read on APUE

ETF.net Research

AEnvestnet's advisor model portfolio compressed into one ticker: a passive US large-cap core, in-house factor tilts, and outside stock pickers running sleeves beside them, all wrapped at 0.33%.

Stated mandate

The Fund seeks long-term capital appreciation through a blend of active and passive U.S. equity strategies.

Why people hold it

  1. 01Three engines, one wrapper: a passive large-cap core, Envestnet's own momentum, quality and value tilts, and active sleeves handed to outside managers.prnewswire.com
  2. 02Charges 0.33%, roughly half the 0.65% median for active US equity ETFs. Multi-manager access usually arrives with a bigger toll booth.
  3. 03One of the stronger builds in a crowded active US equity field, and it has gathered multi-billion-dollar assets since launching in 2023.

Worth knowing

  1. 01The manager bench is not fixed. An SEC exemptive order lets Envestnet swap sub-advisers with board approval and no shareholder vote, as it did when adding London Co. in 2024.sec.gov
  2. 02Plainer large-cap exposure costs less: DFAU runs 0.12% and AVLC 0.15%, though neither bolts on third-party active sleeves.
  3. 03Active sleeves and factor tilts mean results can drift from a straight large-cap index in either direction, and the record only goes back to 2023.

APUE Holdings

As of Sep 20, 2026, 7:35 AM
Asset class
Stocks
Holdings
—
Top-10 weight
38%
Largest holding
NVDA7.1%

Sectors

  • Technology37.0%
  • Financials16.2%
  • Communication8.8%
  • Consumer Discr.8.8%
  • Health Care8.3%
  • Industrials8.0%
  • Cons. Staples4.4%
  • Energy3.2%
  • Materials2.2%
  • Utilities1.6%
  • Real Estate1.5%

Geography

  • United States97.20%
  • Ireland1.48%
  • Bermuda0.36%
  • United Kingdom0.31%
  • Switzerland0.28%
  • Singapore0.27%
  • Canada0.05%
  • Australia0.03%
  • Other countries (1)0.01%
The fund’s holdings, weight-ordered — page 1 of 31.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp7.10%790,724$176M828
002AAPLApple Inc6.86%505,206$170M707
003MSFTMicrosoft Corp5.09%255,443$126M792
004DFASDimensional US Small Cap ETF4.46%1,395,546$110M2
005AMZNAmazon.com Inc3.42%334,161$85M720
006GOOGLAlphabet Inc2.88%204,077$71M704
007AVGOBroadcom Inc2.35%162,732$58M732
008GOOGAlphabet Inc2.27%162,978$56M471
009METAMeta Platforms Inc2.04%75,947$51M683
010MUMicron Technology Inc1.60%38,997$40M655
011TSLATesla Inc1.42%96,701$35M509
012LLYEli Lilly & Co1.37%29,345$34M569
013JPMJPMORGAN CHASE & CO.1.29%91,656$32M478
014AMDAdvanced Micro Devices Inc1.27%56,339$32M618
015XOMExxonMobil Holdings Corp0.96%144,642$24M501

Showing 1–15 of 453 holdings

APUE Performance

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

APUE$11,785
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. APUE $11,785. SPY $11,723. Use the arrow keys to read each point.$9,343$10,710$12,077Sep 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 APUE. Periods over one year show the average yearly return.
PeriodAPUE
Year to date+14.4%
1 month+0.7%
3 months+3.9%
1 year+17.9%
3 years+22.8%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 APUE
YearReturn barAPUE
2026 YTD+14.4%
2025+17.5%
2024+23.9%
2023+18.4%

Since listing, May 3, 2023

APUE in the news

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

APUE 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.
0.73%Last 12 months
Payout per share
$0.35Last 12 months
Last payment
$0.35 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 $0.12; Dec 23, 2024 $0.28; Dec 23, 2025 $0.35. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.35
Dec 23, 2024Dec 24, 2024$0.28
Dec 26, 2023Dec 28, 2023$0.12

APUE Risk

How much the fund’s monthly returns vary, scaled to a year.
13.0%
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.
1.17
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.
−18.8%
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.
1.00
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.

APUE Cost

Expense ratio0.31%
  • The middle half of US Active Equity funds
  • Median 0.70%

20 of the 124 US Active Equity funds charge less.

APUE costs $31.00 a year on $10,000. The median US Active Equity fund costs $70.00.