IQ

APUE · ActivePassive U.S. Equity ETF

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$47.36
+1.5% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

APUE is actively managed and returned +15.9% over the past year.

Why did APUE return +91.9% from May 2023 to Oct 2026, against VTI’s +90.5%?Is a 0.31% fee low for a fund like APUE?What does APUE cost to hold and to trade?
Equity fund · Actively managedEnvestnet ↗Expense ratio 0.31%Fund assets $2.5bn net assets, latest filing (Aug 31, 2026)First traded May 3, 2023Benchmark CRSP US Total Market Total Return Index, measured by VTI, which tracks the same indexSEC filings ↗Every Envestnet fund ETFIQ coversDividend history

APUE returned +15.9% over the year to Nov 4, 2026, charges 0.31% a year and holds $2.5bn in net assets on Aug 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about APUEAdd to portfolioOverlapAlerts

APUE risk and return scorecard

vs VTI · May 2023 to Oct 2026 · 181 weekly returns · dividend-adjusted

3.5 years
APUE +91.9%, VTI +90.5%, May 2023 to Oct 2026, distributions reinvested.
Return
MeasureAPUEVTIEdge
Total return+91.9%+90.5%Tie
Annualized+20.6%+20.3%Tie
Price return+88.1%+81.9%APUE (slight)
Risk
MeasureAPUEVTIEdge
Volatility13.9%14.1%Tie
Max drawdown−17.0%−17.4%APUE (slight)
Upside capture98.7%100.0%Tie
Downside capture98.5%100.0%Tie
Risk-adjusted
MeasureAPUEVTIEdge
Sharpe ratio1.091.06APUE (slight)
Sortino ratio1.711.65APUE (slight)
Alpha vs VTI
MeasureAPUEVTIEdge
Alpha, a year+0.5%Not significant
Alpha t-stat0.82
Beta to VTI0.981.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

APUE −0.9%, VTI −1.0%: total return over one month to Nov 4, 2026.
APUE−0.9%
VTI−1.0%
APUE −0.5%, VTI −0.5%: total return over three months to Nov 4, 2026.
APUE−0.5%
VTI−0.5%
APUE +5.0%, VTI +4.7%: total return over six months to Nov 4, 2026.
APUE+5.0%
VTI+4.7%
APUE +13.7%, VTI +13.4%: total return over the year to Nov 4, 2026.
APUE+13.7%
VTI+13.4%
APUE +15.9%, VTI +14.9%: total return over one year to Nov 4, 2026.
APUE+15.9%
VTI+14.9%
APUE +81.8%, VTI +81.8%: total return over three years to Nov 4, 2026.
APUE+81.8%
VTI+81.8%
APUE +95.9%, VTI +94.9%: total return since launch to Nov 4, 2026.
APUE+95.9%
VTI+94.9%
askIQ: why did APUE return +15.9% over one year, against VTI’s +14.9%? ↗

How concentrated, and what does it cost?

No index, actively managed
+15.9%
Total return, 1 year
Report
0.31%
Expense ratio
Report
449
Holdings
Report
−1.6%
Below its high
Report
0.8%
12-month yield, capital gains included, on its starting price
Report
$0.3468
Last payment (paid annually), ex-date Dec 23, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 0.31% fee low for a fund like APUE? ↗

More on APUE

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Price, 1 year

$47.36+1.5%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +15.9%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

APUE returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VTI)Gap to VTIS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−0.9%−1.0%+0.1 pts−1.0%
3M Aug 5 – Nov 4, 2026−0.5%−0.5%0.0 pts−0.1%
6M May 6 – Nov 4, 2026+5.0%+4.7%+0.3 pts+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+13.7%+13.4%+0.3 pts+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+15.9%+14.9%+1.0 pts+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+81.8%+81.8%0.0 pts+82.9%
Since launch May 3, 2023 – Nov 4, 2026+95.9%+94.9%+1.0 pts+96.3%
Since launch, annualised May 3, 2023 – Nov 4, 2026+21.1%–––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

APUE key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$48.11 on Aug 13, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$38.90 on Mar 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$47.36, 92% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.98, against VTI
R-squared, the same days (ETFIQ)0.99
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Holdings449
Top ten weight37.3%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · APUEas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

APUE for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
APUE interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

APUE is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

APUE top ten by weight, 34.1% of the fund, of its 447 equity positions, from the holdings filed for Aug 31, 2026. Source: the fund’s SEC filing.

NVIDIA Corp NVDA 6.99%
Apple Inc AAPL 6.41%
Microsoft Corp MSFT 5.22%
Amazon.com Inc AMZN 3.47%
Alphabet Inc GOOGL 2.77%
Broadcom Inc AVGO 2.42%
Alphabet Inc GOOG 2.19%
Meta Platforms Inc META 1.73%
Micron Technology Inc MU 1.50%
Tesla Inc TSLA 1.43%
Fund filings on SEC EDGAR ↗See all 449 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Aug 31, 2026. Updated when the fund files its next report.

About APUE

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Dec 18, 2025)0.31%
Price$47.36
First tradedMay 3, 2023
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$2.5bnReport
Benchmark (ETFIQ, from its filings)CRSP US Total Market Total Return Index, measured by VTI, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Nov 3, 2026
APUE, 1 year to Nov 4, 2026+15.9%
VTI, the same days+14.9%
Against its benchmark, 1 year (ETFIQ)+1.0 pts
Below its high (ETFIQ)−1.6%
Holdings449
Top ten weight37.3%
Cash, not in the top ten0.6%
Holdings as of (SEC N-PORT)Aug 31, 2026
Already in the S&P 500, by weight (ETFIQ)87.5%
Active share vs the S&P 500 (ETFIQ)17.2%
Already in the Nasdaq-100, by weight (ETFIQ)48.8%
IQ Investment Committee on APUE

12 seats on APUE, as of Nov 4, 2026: 2 Supports, 4 Mixed, 5 Challenges, 1 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatSupports
Put APUE to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about APUE

How has APUE performed?
Over the year to Nov 4, 2026, APUE returned +15.9% with distributions reinvested, against +14.9% for its benchmark, the CRSP US Total Market Total Return Index. Over three years the number is +81.8%.
What does APUE cost?
The prospectus expense ratio is 0.31% a year.
What does APUE hold?
449 positions as filed for Aug 31, 2026, with the top ten at 37.3% of the fund. 88% of its weight is in stocks the S&P 500 also holds.
How far is APUE below its high?
1.6% below its high of Aug 13, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, APUE, Benchmark (VTI) and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.31%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $2.5bnSEC filing, whole fund · Aug 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Aug 31, 2026 ↗
IssuerEnvestnet website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, APUE, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/apue

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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APUE: APUE over 1 year: total return +15.9%, its benchmark CRSP US Total Market Total Return Index through VTI +14.9%, +1.0 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/apue/" title="APUE: APUE over 1 year: total return +15.9%, its benchmark CRSP US Total Market Total Return Index through VTI +14.9%, +1.0 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">APUE: APUE over 1 year: total return +15.9%, its benchmark CRSP US Total Market Total Return Index through VTI +14.9%, +1.0 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/apue">ETFIQ</a></figcaption>
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