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APUEActivePassive U.S. Equity ETF

Grow my money3y track recordRanked #503 of 2,999 in this goal

Seeks long-term capital appreciation.

By Active Passive Funds · Launched 2023

Annual Cost

0.31%

#1,458 of 5,861 · low cost

Fund Size

$2.5B

#662 of 5,861 · large

Return (1Y)Goal

+20.4%

Track Record

3 years

#2,924 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,089+20.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Cap

Large

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 35.8% of fundwell diversified

NVIDIA Corp
6.2%
Apple Inc
5.9%
Dimensional US Small Cap ETF
4.7%
Microsoft Corp
4.5%
Amazon.com Inc
3.0%
Alphabet Inc
3.0%
Alphabet Inc
2.3%
Broadcom Inc
2.3%
Meta Platforms Inc
2.1%
Tesla Inc
1.7%

Asset allocation

Stocks
99.4%
Cash
0.6%
Other
0.0%

By sector

Technology
37.0%
Financial Services
12.0%
Industrials
10.2%
Consumer Cyclical
9.8%
Communication
9.2%
Healthcare
9.1%
Consumer Defensive
4.6%
Energy
2.9%
Other
5.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.9%Moderate

Year-on-year price swings

Max drawdown
-18.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.02Strong risk-adjusted returns
Sortino (3Y)
1.48Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term capital appreciation.
Strategy
Actively manages a blend of active and passive investment strategies, investing primarily in equity securities of U.S. companies across mega, large, small, and micro capitalizations. The Fund aims to optimize costs and potential returns relative to the CRSP U.S. Total Market Index.
Inception date
May 2, 2023
Fund family
Active Passive Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

You're paying active fees for an index

This fund charges active-management prices while tracking its benchmark almost perfectly (a high R²). The metrics below show how little active management you're getting for that premium: low tracking error and a fee well above the passive peer median.

98.0%
TE
2.2%
Beta
0.95
Fee
3× 0.10%

Sources: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04