| TSM | Taiwan Semiconductor Manufacturing Co Ltd ADR | 13.41% |
| ASML | ASML Holding NV ADR | 2.23% |
| TCEHY | Tencent Holdings Ltd ADR | 2.03% |
| BABA | Alibaba Group Holding Ltd ADR | 1.29% |
| AZN.L | AstraZeneca PLC | 1.14% |
| RHHBY | Roche Holding AG ADR | 1.11% |
| HSBC | HSBC Holdings PLC ADR | 0.94% |
| SIEGY | Siemens AG ADR | 0.90% |
| SAP | SAP SE ADR | 0.90% |
| NVO | Novo Nordisk AS ADR | 0.89% |
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 S&P Classic ADR Composite 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 non-U.S. companies with varying market capitalizations.
ActivePassive International Equity ETF · Issued by ActivePassive
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