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
946.1 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Envestnet |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | May 03, 2023 |
| Assets (mns) | $946 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| 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 | 9.0 % |
| TENCENT HOLDINGS LTD-UNS ADR | 3.5 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 2.5 % |
| ASML HOLDING NV-NY REG SHS | 1.5 % |
| ASTRAZENECA PLC-SPONS ADR | 1.4 % |
| ROCHE HOLDINGS LTD-SPONS ADR | 1.4 % |
| SAP AG-SPONSORED ADR | 1.3 % |
| HDFC BANK LTD-ADR | 1.1 % |
| NOVO-NORDISK A/S-SPONS ADR | 1.0 % |
| CASH & OTHER | 1.0 % |
Constituent Breakdown
| Number of holdings | 329 |
| Herfindahl-Hirschman Index | 134 |
| Wgt avg mkt cap (mns) | $244,272 |
| Large cap (>$10bn) | 75.6% |
| Mid cap ($2-10bn) | 4.1% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 53.2% |
| Emerging mkts. | 28.9% |
Country Exposure
 |
BRITAIN | 11.4 % |
 |
CHINA | 10.3 % |
 |
TAIWAN | 9.4 % |
 |
JAPAN | 8.3 % |
 |
FRANCE | 7.0 % |
 |
SWITZERLAND | 5.0 % |
 |
GERMANY | 4.4 % |
 |
NETHERLANDS | 3.9 % |
 |
BRAZIL | 2.8 % |
 |
HONG KONG | 2.3 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 28.6% | 23.6% | 18.9% | -- | -- | -- | -- | 15.6% |
| Dividend Yield | 0.0% | 0.0% | 0.4% | -- | -- | -- | -- | 0.3% |
| Total Returns | 28.6% | 23.6% | 19.3% | -- | -- | -- | -- | 15.9% | Ann. Volatility | 18.7% | 18.5% | 16.7% | -- | -- | -- | -- | 16.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 54% |
| MSCI EAFE | 1.01 | 81% |
| MSCI Emg Mkts | 0.87 | 69% |
Liquidity Measures
| Avg. volume (000) | 48 |
| ADV traded (mns) | $2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $35.71 |
| Relative strength (RSI) | 54 |
| MACD/Signal | -0.07/-0.07 |
| Bollinger Bands (Upper/Lower) | $36.75/$34.78 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 31.7% | +10 bp | +5.2% |
| TIIV | AAM Todd International Intrinsic Value ETF | 18.8% | +9 bp | +11.2% |
| AVEM | Avantis Emerging Markets Equity ETF | 17.4% | -12 bp | +8.1% |
| GINX | SGI Enhanced Global Income ETF | 15.8% | +53 bp | +7.9% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 15.2% | -12 bp | +7.8% |
| ABLG | Abacus FCF International Leaders ETF | 14.6% | +14 bp | +6.5% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 14.6% | -12 bp | +8.1% |
| AVDE | Avantis International Equity ETF | 13.5% | -22 bp | +6.9% |
| AADR | AdvisorShares Dorsey Wright ADR ETF | 13.3% | +65 bp | +4.7% |
| SPTE | SP Funds S&P Global Technology ETF | 12.2% | +10 bp | +3.6% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/1/2025
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
APIE
7.1%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 269 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. APIE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places APIE in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
APIESELL
U/W
HOLD
O/W
BUY