ActivePassive U.S. Equity ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, ActivePassive U.S. Equity ETF held 450 positions with $2.54B in net assets. Its ten largest holdings made up 39.2% of the fund. The APUE share class costs 0.31% a year. Over the 12 months to May 2026, APUE returned 30.5%, with dividends reinvested. In 2026 Q3 it added 17 new positions and exited 16.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 6.85% | $174.06M | 824.4K | $211.14 |
AAPLApple Inc | 6.42% | $163.17M | 522.9K | $312.06 |
MSFTMicrosoft Corp | 4.70% | $119.31M | 265.0K | $450.24 |
Dimensional US Small Cap ETF | 4.49% | $114.05M | 1.5M | $78.52 |
AMZNAmazon.com Inc | 3.66% | $93.07M | 343.9K | $270.64 |
GOOGLAlphabet Inc | 3.17% | $80.51M | 211.7K | $380.34 |
AVGOBroadcom Inc | 2.98% | $75.59M | 169.2K | $446.77 |
GOOGAlphabet Inc | 2.50% | $63.60M | 169.0K | $376.43 |
Mount Vernon Liquid Assets Portfolio, LLC | 2.46% | $62.51M | — | — |
1.93% | $49.12M | 77.7K | $632.51 |
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.
The 200 largest of 450 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| 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.
By sector
- Information Technology
- 34.6%
- Financials
- 11.3%
- Consumer Discretionary
- 8.8%
- Communication Services
- 8.4%
- 10 other sectors
- 37.0%
- Information Technology
- 34.6%
- Financials
- 11.3%
- Consumer Discretionary
- 8.8%
- Communication Services
- 8.4%
- Health Care
- 8.4%
- Industrials
- 7.7%
- Other
- 5.3%
- Consumer Staples
- 4.4%
- Energy
- 3.0%
- Cash
- 2.3%
- Materials
- 1.6%
- Utilities
- 1.5%
- Real Estate
- 1.5%
- International
- 1.4%
How it has done
APUE share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.67%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 and Aug 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
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
- Expense ratio, by class
- 0.31%· APUE 0.31%
- Portfolio turnover
- 19.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
17 new· the largest 8
16 exited· the largest 8
Understand how this fund fits with the rest.
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