ActivePassive International Equity ETF

Shareclass
ActivePassive International Equity ETF (APIE)
Type
Exchange-traded fund
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
D
18.94%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
55
holdings flagged
19%
of assets flagged
This fund contains
 $161.94 MILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
8 holdings
0.76% of assets
$6.47 MILLION invested
banks
Banks and lenders
18 holdings
7.93% of assets
$67.81 MILLION invested
consumers
Major consumer brands
33 holdings
11% of assets
$90.45 MILLION invested
Commodity producers
Commodity producers
8 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
8 HOLDINGS
  • % of portfolio
    $ invested
  • 1. ITOCHU Corp ADR
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.21%0.21% of portfolio
    $1.82M$1.82M invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 2. WH Group Ltd ADR
    Cattle producer
    0.17%0.17% of portfolio
    $1.48M$1.48M invested
    Cattle producer
  • 3. Glencore PLC ADR
    Soy producerPalm oil producer
    0.14%0.14% of portfolio
    $1.18M$1.18M invested
    Soy producerPalm oil producer
  • 4. JBS SA ADR
    Soy producerCattle producerPaper/pulp producer
    0.11%0.11% of portfolio
    $922,679$922,679 invested
    Soy producerCattle producerPaper/pulp producer
  • 5. PT Astra International Tbk ADR
    Palm oil producer
    0.05%0.05% of portfolio
    $460,227$460,227 invested
    Palm oil producer
View next 3
Banks and lenders
Banks and lenders
18 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
18 HOLDINGS
  • % of portfolio
    $ invested
  • 1. HSBC Holdings PLC ADR
    1.22%1.22% of portfolio
    $10.41M$10.41M invested
  • 2. Commonwealth Bank of Australia ADR
    0.86%0.86% of portfolio
    $7.39M$7.39M invested
  • 3. Barclays PLC ADR
    0.74%0.74% of portfolio
    $6.37M$6.37M invested
  • 4. Mitsubishi UFJ Financial Group Inc ADR
    0.68%0.68% of portfolio
    $5.85M$5.85M invested
  • 5. Banco Bilbao Vizcaya Argentaria SA ADR
    0.55%0.55% of portfolio
    $4.74M$4.74M invested
View next 5
Major consumer brands
Major consumer brands
33 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
33 HOLDINGS
  • % of portfolio
    $ invested
  • 1. RELX PLC ADR
    Paper/pulp major consumer brand
    1.33%1.33% of portfolio
    $11.36M$11.36M invested
    Paper/pulp major consumer brand
  • 2. Nestle SA ADR
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.24%1.24% of portfolio
    $10.58M$10.58M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. Shell PLC ADR (Representing - Ordinary Shares)
    Soy major consumer brandPalm oil major consumer brand
    1.12%1.12% of portfolio
    $9.61M$9.61M invested
    Soy major consumer brandPalm oil major consumer brand
  • 4. Unilever PLC ADR
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.1%1.1% of portfolio
    $9.4M$9.4M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. Lvmh Moet Hennessy Louis Vuitton SE ADR
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.98%0.98% of portfolio
    $8.4M$8.4M invested
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 31 Mar 2025
Financial performance
Performance data provided byMorningstarFind more financial data on APIE at Morningstar.com
Current fund
APIE
ActivePassive International Equity ETF
Family
Active Passive Funds
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 1-yr returns 
1.99% more in annualized returns
Less invested in commodity producers 
0.43% less invested
More invested in banks and lenders 
1.99% more invested
More invested in major consumer brands 
3.12% more invested
Current fund
APIE
ActivePassive International Equity ETF
Family
Active Passive Funds
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 1-yr returns 
1.99% more in annualized returns
Less invested in commodity producers 
0.43% less invested
More invested in banks and lenders 
1.99% more invested
More invested in major consumer brands 
3.12% more invested
Current fund
APIE
ActivePassive International Equity ETF
Family
Active Passive Funds
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 1-yr returns 
1.99% more in annualized returns
Less invested in commodity producers 
0.43% less invested
More invested in banks and lenders 
1.99% more invested
More invested in major consumer brands 
3.12% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
APIE - ActivePassive International Equity ETF
8.74%
/
/
/
0.76% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
6.75%
4.94%
11%
4.92%
1.18% 
Fund compared to benchmark
 
1.99%
/
/
/
0.43%  lower
Find more financial data on APIE at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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