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

932.1 M

ASSETS UNDER MGMT

45 bp

EXPENSES
Fund Basics
Fund sponsorEnvestnet
CategoryInternational
Asset classEquity
Websitelink...
Inception dateMay 03, 2023
Assets (mns)$932
Expense ratio45 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR-SP ADR 5.3 %
TENCENT HOLDINGS LTD-UNS ADR 2.3 %
SAP AG-SPONSORED ADR 1.7 %
RELX PLC SPONSORED ADR 1.4 %
ASTRAZENECA PLC-SPONS ADR 1.3 %
ROCHE HOLDINGS LTD-SPONS ADR 1.3 %
ASML HOLDING NV-NY REG SHS 1.3 %
CASH & OTHER 1.3 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 1.2 %
ANHEUSER-BUSCH INBEV SPN ADR 1.1 %
Constituent Breakdown
Number of holdings333
Herfindahl-Hirschman Index 82
Wgt avg mkt cap (mns)$133,622
Large cap (>$10bn)74.9%
Mid cap ($2-10bn)3.0%
Small cap (<$2bn)1.0%
Developed mkts.61.7%
Emerging mkts.17.5%
Country Exposure
BRITAIN 14.0 %
JAPAN 9.2 %
FRANCE 7.2 %
CHINA 6.3 %
SWITZERLAND 5.8 %
TAIWAN 5.7 %
GERMANY 5.3 %
NETHERLANDS 3.5 %
SPAIN 3.1 %
HONG KONG 2.2 %
Historical Performance


Standardized Performance (as of 05/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 14.3% 11.5% 15.1% -- -- -- -- 13.0%
Dividend Yield 0.0% 0.0% 0.4% -- -- -- -- 0.3%
Total Returns 14.3% 11.5% 15.5% -- -- -- -- 13.4%
Ann. Volatility 23.7% 19.5% 17.4% -- -- -- -- 17.3%
Market Correlations
versus...BetaR-squared
S&P 5000.7156%
MSCI EAFE0.7469%
MSCI Emg Mkts0.7457%
Liquidity Measures
Avg. volume (000)70
ADV traded (mns)$2
Turnover0.2%
Avg. Bid/Ask (% of price)0.75%
Technical Indicators
Recent close$32.45
30d moving avg.$31.96
Annualized volatility12.6%
Relative strength (RSI)59
Short interest0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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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 6/16/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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™

7.6%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 1.9%. 's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places in the 57th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

APIE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
International Equity ETFs
# of ETFs 38
Avg. Expense Ratio 56.2 bp
Std. Deviation 24 bp
(45 bp) Percentile rank 30
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
45.0 0.0 45
Peer Avg. 42.7 27.2 69.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .