Astoria US Equal Weight Quality Kings ETF

Astoria US Equal Weight Quality Kings ETF (ROE) is an actively managed fund. It uses quantitative screens to pick 50 to 100 US large- and mid-sized companies that score well on quality, valuation, dividend potential and growth, then holds them in equal amounts. Because of that equal weighting, its 10 largest positions made up just 13.63% of assets as of August 31, 2026. The trade-offs are a 0.49% expense ratio and a record that starts in August 2023.

• Over the year to Oct 27, 2026, ROE returned +24.7%.
• Its worst full calendar year was 2025 (+17.2%); its best was 2024 (+18.3%).
• The deepest fall in its price history was 19.1% (Dec 2, 2024 to Apr 8, 2025), recovered by Jun 30, 2025.

As of Aug 31, 2026, the fund held 100 securities; the ten largest made up 13.63% of assets.

By sector

• Over the three months to Aug 31, 2026, investors added a net $14.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +1.85%, -0.99%, +2.77%.

ROE does not track an index. Its sub-adviser, Astoria Portfolio Advisors (doing business as Astoria Investment Management), starts with US-listed stocks worth at least $5 billion that are easy enough to trade. It judges that by average daily trading value and free float, which is the share of stock available to public investors. Its own screens then rank each stock against the middle of its sector on quality, valuation, dividend potential and growth. The measures include return on equity, return on invested capital, price-to-earnings ratio, dividend yield, projected growth and earnings momentum. They vary by sector.

The rankings are combined, and the top 50 to 100 stocks are bought in equal amounts. The exact number depends on which sectors the manager chooses to overweight or underweight. At least 80% of net assets must be in "quality" companies, which the fund defines by return on assets and gross profits-to-assets. With equal weighting, a mid-sized company counts as much as Microsoft. As of August 31, 2026, the fund held 100 stocks, and the largest, Palantir, was only 1.69% of assets.

There is no fixed rebalancing schedule. The manager reapplies the screens from time to time, and more often when earnings, valuations or the economy change sharply. Portfolio turnover was 58%. The fund used no derivatives or leverage as of August 31, 2026.

• ROE charges 0.49% a year, versus an average of 0.35% for the similar funds below.
• Using the prospectus's standard example, $10,000 invested would cost about $50 in the first year and $616 over 10 years (assuming a 5% annual return).

ROE is an actively managed tilt toward quality and value with a short record, so it fits best as a smaller position next to a broad core stock fund.

ROE could add a tilt toward profitable, reasonably priced US companies, spread evenly across about 100 stocks. It launched in August 2023, so it has no record through the 2008 crisis, the 2020 COVID crash or the 2022 bear market. Its deepest drop was 19.1%, from December 2, 2024 to April 8, 2025. It was back at its old peak by June 30, 2025, about 2.7 months after the low. Its beta, a measure of how closely it moves with the market, was 1.01 over the year to October 27, 2026. Someone selling shares in a downturn should expect losses about as large as the market's. The trailing 12-month yield was 0.83%, paid quarterly, which is too little to count on for income. The expense ratio is 0.49%. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.