This actively managed exchange-traded fund (ETF) employs a hybrid investment approach, strategically blending active and passive methodologies. Its primary goal is to optimize expenses, enhance benchmark alignment, and maximize potential returns relative to its benchmark, the CRSP U.S. Total Market Index. Typically, under normal market circumstances, the fund allocates a minimum of 80% of its net assets (including any capital borrowed for investment) to U.S. equity securities that are constituents of the aforementioned index.

NVIDIA Corporation

Apple Inc.

Microsoft Corporation

Amazon.com, Inc.

Alphabet Inc.

Broadcom Inc.

Meta Platforms, Inc.

Eli Lilly and Company

Micron Technology, Inc.

Technology

Financial Services

Consumer Cyclical

Communication Services

Healthcare

Industrials

Consumer Defensive

Energy

Basic Materials

Utilities

ActivePassive U.S. Equity ETF

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 Holdings & Sector Breakdown