APIE
ActivePassive International Equity ETF
APIE is an actively managed fund that utilizes a core and explore investment strategy in pursuing international equity exposure. The strategy blends passive and active approach to optimize cost, tracking and potential return over its benchmark index.
International
EQUITY
Active
MANAGEMENT STYLE
$ 999.2 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | May 03, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 10.8 % |
| TENCENT HOLDINGS LTD-UNS ADR | 2.7 % |
| ASML HOLDING NV-NY REG SHS | 1.8 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.7 % |
| CASH & OTHER | 1.2 % |
| ASTRAZENECA PLC | 1.2 % |
| ROCHE HOLDINGS LTD-SPONS ADR | 1.1 % |
| NOVARTIS AG-ADR | 0.9 % |
| SAP AG-SPONSORED ADR | 0.9 % |
| SHELL PLC-ADR | 0.9 % |
Constituent Breakdown
| Number of holdings | 344 |
| Herfindahl-Hirschman Index | 163 |
| Wgt avg mkt cap (mns) | $258,175 |
| Large cap (>$10bn) | 75.7% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 52.5% |
| Emerging mkts. | 28.3% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 11.5 % |
 |
BRITAIN | 11.3 % |
 |
JAPAN | 8.2 % |
 |
CHINA | 7.7 % |
 |
FRANCE | 6.7 % |
 |
SWITZERLAND | 4.7 % |
 |
GERMANY | 4.1 % |
 |
NETHERLANDS | 3.9 % |
 |
BRAZIL | 3.3 % |
 |
HONG KONG | 2.6 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.7% | 17.3% | 11.6% | -- | -- | -- | -- | 12.8% |
| Dividend Yield | 0.0% | 4.4% | 3.3% | -- | -- | -- | -- | 2.5% |
| Total Returns | -0.7% | 21.6% | 14.9% | -- | -- | -- | -- | 15.3% | Ann. Volatility | 19.9% | 18.8% | 17.2% | -- | -- | -- | -- | 16.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 64% |
| MSCI EAFE | 0.99 | 87% |
| MSCI Emg Mkts | 0.81 | 76% |
Liquidity Measures
| Avg. volume (000) | 64 |
| ADV traded (mns) | $2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| 30d moving avg. (EMA) | $36.08 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.02/-0.33 |
| Bollinger Bands (Upper/Lower) | $37.25/$33.71 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. APIE |
Expenses vs. APIE |
ALTAR Score™ vs. APIE |
|---|---|---|---|---|
| SPWO | SP Funds S&P World (ex-US) ETF | 31.0% | +10 bp | -2.1% |
| TIIV | AAM Todd International Intrinsic Value ETF | 18.1% | +9 bp | +3.7% |
| GINX | SGI Enhanced Global Income ETF | 17.8% | +53 bp | +0.2% |
| ABLG | Abacus FCF International Leaders ETF | 15.8% | +14 bp | +0.1% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 15.4% | -12 bp | 0.0% |
| AVEM | Avantis Emerging Markets Equity ETF | 15.2% | -12 bp | +0.9% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 14.8% | -12 bp | +0.6% |
| SPTE | SP Funds S&P Global Technology ETF | 14.1% | +10 bp | -3.5% |
| AADR | AdvisorShares Dorsey Wright ADR ETF | 13.4% | +65 bp | -2.9% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 12.7% | +4 bp | +2.7% |
Risk and Returns: APIE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/13/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.2%
ALTAR SCORE™
74th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 345 funds in the International Equity category with an average
ALTAR Score™ of 6.3% and a standard deviation
of 1.6%. APIE's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places APIE in the 74th percentile
among funds in the category.
Sell-Side Consensus
$43.36
PRICE TARGET
+16.6%
UPSIDE