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Launched · SEC filings

Astoria Real Assets ETF

PPINasdaqAXS InvestmentsC

$19.44+0.55 (+2.92%)

At close: Nov 9, 2026, 4:00 PM ET

C48/ 100

Rank 24 of 37 in Multi-Asset Allocation

C48/100Rank 24 of 37inMulti-Asset Allocation
Intraday session: up, 79 prints from 18.89 to 19.44. Range 19.22 to 19.48. Use the arrow keys to read each point.19.0019.1019.2019.3010 AM12 PM2 PM4 PM
Expense ratio
0.57%
Fund size
$147M
1Y total return
+4.3%
Yield · Last 12 months
1.56%
Holdings
88
Avg volume · 30D
28.1K sh
52W range
low $15.45high $22.44
Launched
Filings
SEC EDGAR

The ETF.net PPI Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Multi-Asset Allocation⁠
Rank
24 of 37
Six-pillar profile for PPI. Scores out of 100: Cost 53, Risk 20, Mission not scored, Tradability 44, Holdings 80, Durability 58. Strongest: Holdings (80). Weakest: Risk (20). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C 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.
    C53 out of 100
    Rank 17 of 37

  • 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.
    F20 out of 100
    Rank 32 of 36

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 21 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 3 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 18 of 37

Our read on PPI

ETF.net Research

In short

CMost allocation ETFs split stocks and bonds. PPI swaps the bond side for hard assets: an actively run basket of energy, materials, industrials, utilities and REITs, aiming at growth measured after inflation. Trading since December 2021.

Stated mandate

The Fund seeks long-term capital appreciation in inflation-adjusted terms and normally invests at least 80% of net assets in investments with significant exposure to real assets.

Why people hold it

  • One ticker, one job: at least 80% of net assets in real-asset investments. A company counts only if half its revenue, profits or assets sit in physical things.sec.gov
  • Actively run, not an index sleeve. Astoria builds the equity book around roughly 50 to 60 issuers using growth, momentum, quality and value screens.streetinsider.com
  • Real assets here stretch past commodity miners and drillers to global REITs and inflation-linked Treasuries, so the hedge is not one trade in a trench coat.streetinsider.com
  • 0.57% all-in, with no fee waiver doing the work, which lands near the median for its allocation peer group. Distributions land quarterly.

Worth knowing

  • Non-diversified by charter, and the book clusters in energy, materials, industrials, utilities and real estate, so it moves with commodity and resource cycles.sec.govstreetinsider.com
  • Thinly traded next to the giants in its category, so limit orders and a glance at the spread earn their keep.
  • Index stock-and-bond allocation funds like AOA and IRTR sit below it on cost. The active real-assets mandate is what the gap buys.

PPI Holdings

Holdings pillarA80 out of 100Rank 3 of 33 in Multi-Asset Allocation
Asset class
Other
Holdings
88
Top-10 weight
26%
Largest holding
GLDM4.1%

Sectors

  • Industrials35.4%
  • Energy25.7%
  • Materials19.1%
  • Real Estate9.7%
  • Utilities8.3%
  • Consumer Discretionary1.8%

Geography

  • United States62.93%
  • Japan6.03%
  • France5.70%
  • Canada5.67%
  • United Kingdom5.66%
  • Switzerland4.04%
  • Germany2.52%
  • Australia2.27%
  • Other countries (5)5.18%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GLDMSpdr Gold Minishares Trust4.09%74,645$6M12
2COP-UN.TOSprott Physical Copper T /Cad/3.08%399,640$4.52M1
3NEMNewmont Corp2.82%34,284$4.15M436
4SPGSimon Property Group Inc2.62%16,834$3.85M323
5ABBN.SWAbb Ltd-Reg /Chf/2.46%44,272$3.62M183
6XOMExxon Mobil Corp2.33%20,655$3.43M525
7FCXFreeport-Mcmoran Inc2.28%56,246$3.34M377
8SHELShell Plc-Adr2.25%33,408$3.31M65
9PSAPublic Storage Reit2.23%9,700$3.27M302
10CATCaterpillar Inc2.05%5,386$3.01M453
11VICIVici Properties Inc1.98%117,154$2.9M283
12CSXCsx Corp1.96%58,751$2.89M398
13LMTLockheed Martin Corp1.91%4,959$2.81M415
14ANG.JOAnglogold Ashanti PLC1.91%30,139$2.8M120
15STLDSteel Dynamics Inc1.83%12,071$2.69M328

Showing 1–15 of 88 holdings

PPI Performance

Launched Dec 29, 2021

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.
PPI$10,430
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,088
Nov 6, 2025 to Nov 6, 2026. PPI $10,430. SPY $11,088. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 6, 2025 – Nov 6, 2026

Returns run to the Nov 6, 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 PPI. Periods over one year show the average yearly return.
PeriodPPI
Year to date+2.6%
1 month−8.1%
3 months−10.9%
1 year+4.3%
3 yearsper year+15.3%
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 PPI
YearReturn barPPI
2026 YTD+2.6%
2025+30.1%
2024+7.3%
2023+11.3%
2022+4.1%
2021+0.2%

History from Dec 30, 2021

PPI in the news

PPI 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 Nov 6, 2026.
1.56%Last 12 months
Payout per share
$0.29Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 18 payments from 2022 to 2026 YTD. Jun 24, 2022 $0.12; Sep 26, 2022 $0.08; Dec 19, 2022 $0.10; Mar 24, 2023 $0.12; Jun 26, 2023 $0.11; Sep 26, 2023 $0.09; Dec 26, 2023 $0.07; Mar 25, 2024 $0.04; Jun 26, 2024 $0.05; Sep 26, 2024 $0.07; Dec 26, 2024 $0.05; Mar 26, 2025 $0.04; Jun 25, 2025 $0.06; Sep 26, 2025 $0.05; Dec 23, 2025 $0.05; Mar 25, 2026 $0.06; Jun 25, 2026 $0.12; Sep 24, 2026 $0.07. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 28, 2026$0.07
Jun 25, 2026Jun 29, 2026$0.12
Mar 25, 2026Mar 27, 2026$0.06
Dec 23, 2025Dec 26, 2025$0.05
Sep 26, 2025Sep 30, 2025$0.05
Jun 25, 2025Jun 27, 2025$0.06
Mar 26, 2025Mar 28, 2025$0.04
Dec 26, 2024Dec 30, 2024$0.05
Sep 26, 2024Sep 30, 2024$0.07
Jun 26, 2024Jun 28, 2024$0.05
Mar 25, 2024Mar 28, 2024$0.04
Dec 26, 2023Dec 29, 2023$0.07

See all 18 payments⁠

$10,000 in PPI 3 years ago paid $567 in dividends.⁠

PPI Risk

Risk pillarF20 out of 100Rank 32 of 36 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
14.9%
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.
0.91
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.
−24.6%
58 months · trough Jul 2022
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.
1.15
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.

PPI Cost

Compare PPI and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$10,001

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

  • PPI 0.57%

    $11,271

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • PPI 0.57%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PPI $11,271UCBG $1,270

Year by year

YearPPIUCBGOverpaying
10$1,023$110$913
20$3,921$432$3,489
30$11,271$1,270$10,001

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