Skip to content

ROE

GradeANASDAQ Global Market

Astoria US Equal Weight Quality Kings ETF

Active Equity · Astoria · Inception 2023-07-31

$43.08−0.15 (−0.36%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Aug 1, 2023.
Intraday session: down, 68 prints from 43.23 to 43.08. Range 43.05 to 43.24. Use the arrow keys to read each point.$43.05$43.15$43.20$43.2510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$284M
1Y return
+26.5%
Yield · Last 12 months
0.99%
Volume · 30D
0M sh
NAV per share
$43.27
52W range
low $33.11high $44.42

The ETF.net ROE Grade

A

69/ 100

Rank 21 of 127 in US Active Equity

Confidence Medium

Six-pillar profile for ROE. Scores out of 100: Cost 68, Risk 62, Mission not scored, Tradability 67, Holdings 92, Durability 67. Strongest: Holdings (92). Weakest: Risk (62). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 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.
    BScore 68
    Category rank43/127 · top 34%
  • 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 62
    Category rank36/126 · top 29%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank35/127 · top 28%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 92
    Category rank1/124 · top 1%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank41/127 · top 32%

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

Our read on ROE

ETF.net Research

AIn most US quality funds, a few mega-caps run the show. Quality Kings screens American companies for quality and value, then weights what survives equally, so the screen picks the portfolio instead of market cap.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Costs 0.49% a year, under the median for active US equity funds. Active screening at a price closer to plain-vanilla strategy funds.
  2. 02Equal weighting gives every holding the same starting slug, so one giant name can't quietly become the whole fund.
  3. 03Pairs a quality screen with a value screen, which keeps a hunt for profitable companies from turning into a basket of expensive ones.
  4. 04The portfolio build is the strongest piece here, and the fund sits in the upper tier of a large field of active US stock funds.

Worth knowing

  1. 01Trades thinly next to the heavyweights in its category. Limit orders and avoiding the opening bell matter more here than in a mega-fund.
  2. 02Broad rivals cost far less: DFAU at 0.12% and AVLC at 0.15%. The extra fee buys the screen and the equal weighting, not broader coverage.
  3. 03Launched in 2023, so the live record is short. Equal weighting also means far less exposure to the largest US companies than a cap-weighted fund.

ROE Holdings

As of Sep 21, 2026, 6:30 PM
Asset class
Stocks
Holdings
Top-10 weight
14%
Largest holding
PLTR1.6%

Sectors

  • Technology32.1%
  • Financials12.7%
  • Communication11.7%
  • Health Care11.5%
  • Consumer Discr.11.0%
  • Industrials7.8%
  • Cons. Staples4.9%
  • Energy3.5%
  • Real Estate1.9%
  • Utilities1.6%
  • Materials1.3%

Geography

  • United States93.74%
  • Luxembourg1.06%
  • Ireland1.01%
  • Sweden0.98%
  • Puerto Rico0.96%
  • Singapore0.85%
  • Netherlands0.77%
  • Cayman Islands0.64%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PLTRPalantir Technologies Inc1.63%25,758$5M503
002HALOHalozyme Therapeutics Inc1.54%38,442$4M200
003THCTenet Healthcare Corp1.40%15,008$4M216
004MSFTMicrosoft Corp1.37%7,812$4M792
005DELLDell Technologies Inc1.35%6,689$4M427
006APAAPA Corp1.33%83,534$4M283
007FOXAFox Corp1.30%56,630$4M296
008NEMNewmont Corp1.28%29,199$4M428
009HPEHewlett Packard Enterprise Co1.26%58,477$4M379
010ADBEAdobe Inc1.25%14,112$4M475
011NTAPNetApp Inc1.24%17,560$3M410
012AAPLApple Inc1.20%10,049$3M707
013ANETArista Networks Inc1.19%16,792$3M490
014METAMeta Platforms Inc1.19%5,028$3M683
015XOMExxonMobil Holdings Corp1.18%20,228$3M501

Showing 1–15 of 102 holdings

ROE Performance

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

ROE$12,648
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. ROE $12,648. SPY $11,723. Use the arrow keys to read each point.$9,257$11,247$13,237Sep 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 ROE. Periods over one year show the average yearly return.
PeriodROE
Year to date+23.2%
1 month−1.0%
3 months+1.0%
1 year+26.5%
3 years+24.1%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper 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 ROE
YearReturn barROE
2026 YTD+23.2%
2025+17.2%
2024+18.3%
2023+4.3%

History from Aug 1, 2023

ROE in the news

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

ROE 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.
0.99%Last 12 months
Payout per share
$0.43Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Sep 27, 2023 $0.07; Dec 20, 2023 $0.10; Mar 26, 2024 $0.10; Jun 27, 2024 $0.04; Sep 27, 2024 $0.12; Dec 30, 2024 $0.09; Mar 28, 2025 $0.04; Jun 27, 2025 $0.06; Sep 29, 2025 $0.15; Dec 23, 2025 $0.09; Mar 30, 2026 $0.10; Jun 29, 2026 $0.08. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.08
Mar 30, 2026Mar 31, 2026$0.10
Dec 23, 2025Dec 24, 2025$0.09
Sep 29, 2025Sep 30, 2025$0.15
Jun 27, 2025Jun 30, 2025$0.06
Mar 28, 2025Mar 31, 2025$0.04
Dec 30, 2024Dec 31, 2024$0.09
Sep 27, 2024Sep 30, 2024$0.12
Jun 27, 2024Jun 28, 2024$0.04
Mar 26, 2024Mar 28, 2024$0.10
Dec 20, 2023Dec 22, 2023$0.10
Sep 27, 2023Sep 29, 2023$0.07

ROE Risk

How much the fund’s monthly returns vary, scaled to a year.
14.5%
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.
−19.1%
37 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.
1.05
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.

ROE Cost

Expense ratio0.49%
  • The middle half of US Active Equity funds
  • Median 0.70%

36 of the 124 US Active Equity funds charge less.

ROE costs $49.00 a year on $10,000. The median US Active Equity fund costs $70.00.