APUE ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

Total Market Index. APUE distinguishes itself by combining active stock selection with passive index tracking, offering a potentially cost-effective approach to broad U.S. equity exposure, with an expense ratio of 0.33%. Past performance does not guarantee future results.

ActivePassive U.S. Equity ETF (APUE) ETF — Price, Holdings & Analysis

The ActivePassive U.S. Equity ETF (APUE) is an actively managed fund with $2.16 billion in assets under management. It blends active and passive investment strategies, seeking to optimize costs, tracking, and potential return relative to its benchmark, the CRSP U.S. Total Market Index. APUE distinguishes itself by combining active stock selection with passive index tracking, offering a potentially cost-effective approach to broad U.S. equity exposure, with an expense ratio of 0.33%. Past performance does not guarantee future results.

ETF Overview

The fund is an actively-managed exchange-traded fund (“ETF”) that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund’s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

APUE aims to provide investors with a diversified exposure to the U.S. equity market by employing a blend of active and passive investment techniques. The ETF invests at least 80% of its net assets in equity securities of U.S. companies included in the CRSP U.S. Total Market Index. This approach allows for active stock selection within the framework of a broad market index, potentially enhancing returns while maintaining diversification. As of 2026-03-15, the ETF's top holdings include NVIDIA Corp (6.15%), Apple Inc (5.92%), and Dimensional US Small Cap ETF (4.71%), reflecting a significant allocation to technology and small-cap stocks. Sector allocation is heavily weighted towards Technology (32.7%), followed by Financial Services (12.3%) and Consumer Cyclical (10.3%). This ETF may appeal to investors seeking a core U.S. equity allocation with the potential for active management to add value. Past performance does not guarantee future results.

Risk Metrics

APUE's risk profile is influenced by its active management strategy and sector concentrations. The fund's significant allocation to the Technology sector (32.7%) exposes it to sector-specific risks, meaning that a downturn in the technology industry could disproportionately impact the ETF's performance. The fund's beta is currently 0.00, indicating that it has not had significant volatility relative to the market over the past 3 years. Furthermore, the expense ratio of 0.33% introduces a cost drag on returns, which can impact long-term performance, although this is in line with actively managed ETFs. Investors should also consider the concentration risk associated with its top holdings; NVIDIA and Apple account for over 12% of the fund's assets. Past performance does not guarantee future results.

Expense Ratio

0.33%

What does APUE hold?

Holding	Weight
NVIDIA Corp (NVDA)	6.15%
Apple Inc (AAPL)	5.92%
Dimensional US Small Cap ETF (DFAS)	4.71%
Microsoft Corp (MSFT)	4.54%
Amazon.com Inc (AMZN)	3.04%
Alphabet Inc Class A (GOOGL)	2.99%
Alphabet Inc Class C (GOOG)	2.33%
Broadcom Inc (AVGO)	2.29%
Meta Platforms Inc Class A (META)	2.12%
Tesla Inc (TSLA)	1.69%

How Is the Fund Allocated?

Sector	Weight
Technology	32.7%
Financial Services	12.3%
Consumer Cyclical	10.3%
Healthcare	10.2%
Industrials	10.1%
Communication Services	10.0%
Consumer Defensive	5.2%
Energy	3.0%
Basic Materials	2.3%
Real Estate	2.0%
Utilities	2.0%

Country	Weight
United States	96.7%
Ireland	2.0%
Other	0.6%
United Kingdom	0.3%
Switzerland	0.2%
Bermuda	0.1%
Canada	0.1%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is APUE and what does it track?

The ActivePassive U.S. Equity ETF (APUE) is an actively managed ETF that blends active and passive investment strategies. Launched in 2023, APUE has $2.16 billion in assets under management as of 2026-03-15.

The fund aims to optimize costs, tracking, and potential return relative to the CRSP U.S. Total Market Index.

What is the expense ratio for APUE?

The expense ratio for APUE is 0.33%. This means that for every $10,000 invested in the fund, investors will pay $33 in annual fees.

While it is difficult to determine an exact category average for actively managed ETFs, the expense ratio is competitive within the actively managed U.S. equity ETF space.

What are the top holdings in APUE?

As of 2026-03-15, the top holdings in APUE include NVIDIA Corp (6.15%), Apple Inc (5.92%), Dimensional US Small Cap ETF (4.71%), Microsoft Corp (4.54%), and Amazon.com Inc (3.04%).

These top holdings represent a significant portion of the fund's total assets, reflecting a concentrated allocation to leading technology companies and small-cap stocks.

Is APUE a good long-term investment?

Whether APUE is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. APUE offers exposure to a broad range of U.S.

equities with an actively managed component, which may appeal to investors seeking potential outperformance.

How does APUE compare to similar ETFs?

APUE differentiates itself through its blended active and passive management approach. With an AUM of $2.16 billion, it is a sizable ETF, indicating investor confidence. Its expense ratio of 0.33% is competitive within the actively managed U.S. equity ETF category.

Other similar ETFs may focus solely on passive index tracking or employ different active management strategies.

Does APUE pay dividends?

As of 2026-03-15, the ActivePassive U.S. Equity ETF (APUE) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividend income to its shareholders.

Investors seeking current income from their investments may want to consider other ETFs with a higher dividend yield.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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