Key stats
About ActivePassive International Equity ETF
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Inception date
May 3, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Envestnet Asset Management, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US89834G7372
APIE aims for capital appreciation by blending active and passive investment approaches. The fund aims to take advantage of low index tracking expenses and the opportunities in actively selecting securities. The passive portion of the fund uses mathematical modeling, computer systems, and data analysis to track an index of developed market ADRs or ETFs providing similar exposure. Sub-advisers are tapped to manage the active sleeve of the fund. The active piece ranges from 30% to 80% of the funds net assets and seeks to take advantage of any mispricing in emerging market securities. Under normal market conditions, the fund expects to use ADRs for such exposure, but can also hold non-US securities denominated in foreign currencies. In addition, as part of the active allocation, a beta strategy emphasizing value, momentum, and quality investment styles may also be utilized. The sub-advisers may engage in active trading and cause a high portfolio turnover.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Stocks98.54%
Finance19.50%
Electronic Technology17.04%
Health Technology9.56%
Technology Services9.33%
Consumer Non-Durables6.84%
Producer Manufacturing6.25%
Retail Trade5.55%
Consumer Durables4.61%
Non-Energy Minerals3.24%
Energy Minerals3.08%
Communications2.40%
Transportation2.38%
Process Industries1.99%
Utilities1.95%
Commercial Services1.64%
Consumer Services1.61%
Distribution Services0.86%
Miscellaneous0.28%
Industrial Services0.21%
Health Services0.20%
Bonds, Cash & Other1.46%
ETF0.62%
Mutual fund0.59%
Cash0.25%
Miscellaneous0.00%
Stock breakdown by region
Europe49.44%
Asia41.38%
Latin America3.89%
North America2.18%
Oceania1.69%
Africa0.95%
Middle East0.45%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
APIE invests in stocks. The fund's major sectors are Finance, with 19.50% stocks, and Electronic Technology, with 17.04% of the basket. The assets are mostly located in the Europe region.
APIE top holdings are Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR and Tencent Holdings Ltd Unsponsored ADR, occupying 8.72% and 2.97% of the portfolio correspondingly.
APIE last dividends amounted to 0.60 USD. The year before, the issuer paid 0.17 USD in dividends, which shows a 72.14% increase.
APIE assets under management is 926.15 M USD. It's risen 2.90% over the last month.
APIE fund flows account for −36.76 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, APIE pays dividends to its holders with the dividend yield of 1.70%. The last dividend (Dec 24, 2024) amounted to 0.60 USD. The dividends are paid annually.
APIE shares are issued by Envestnet, Inc. under the brand ActivePassive. The ETF was launched on May 3, 2023, and its management style is Active.
APIE expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
APIE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
APIE invests in stocks.
APIE price has risen by 2.71% over the last month, and its yearly performance shows a 20.10% increase. See more dynamics on APIE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.78% over the last month, showed a 10.46% increase in three-month performance and has increased by 21.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.78% over the last month, showed a 10.46% increase in three-month performance and has increased by 21.93% in a year.
APIE trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.