ActivePassive U.S. Equity ETF
Trust for Professional Managers · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
ActivePassive U.S. Equity ETF is an actively managed U.S. equity ETF. 21% of APUE’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2025 Q4
The investment objective of the ActivePassive U.S. Equity ETF (U.S. Equity ETF or the Fund) is to provide long-term capital appreciation.
The fund blends active and passive strategies, allocating 15% to 65% of assets to active management by sub-advisers selected by the adviser based on their likelihood of outperforming, with the remainder in a passive allocation that uses representative sampling to track the CRSP U.S. Large Cap Index. The active portion employs a sub-adviser focused on financially stable companies with high returns on capital trading below intrinsic value, while the passive portion may hold fewer than all index constituents and may invest in ETFs. Because the passive allocation uses representative sampling rather than holding all index securities, the fund's results may diverge from its underlying index.
| Share class | Expense ratio |
|---|---|
| APUE | 0.31% |
Portfolio turnover 19.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.44% |
| Cash & short-term | 3.56% |
Look-through blends 1 underlying fund; 0.013% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 34.6% |
| Financials | 10.3% |
| Communication Services | 9.3% |
| Consumer Discretionary | 9.3% |
| 10 smaller | 36.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CorpNVDA | 6.85% | $211.14 | $174.06M | 824.4K |
| AAPL | Apple IncAAPL | 6.42% | $312.06 | $163.17M | 522.9K |
| MSFT | Microsoft CorpMSFT | 4.70% | $450.24 | $119.31M | 265.0K |
| — | Dimensional US Small Cap ETF | 4.49% | $78.52 | $114.05M | 1.5M |
| AMZN | Amazon.com IncAMZN | 3.66% | $270.64 | $93.07M | 343.9K |
| GOOGL | Alphabet IncGOOGL | 3.17% | $380.34 | $80.51M | 211.7K |
| AVGO | Broadcom IncAVGO | 2.98% | $446.77 | $75.59M | 169.2K |
| GOOG | Alphabet IncGOOG | 2.50% | $376.43 | $63.60M | 169.0K |
| — | Mount Vernon Liquid Assets Portfolio, LLC | 2.46% | — | $62.51M | — |
| META | Meta Platforms IncMETA | 1.93% | $632.51 | $49.12M | 77.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 39.17% of net assets, top 25 53.29%, across 447 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free