ETF Evaluator:
Astoria US Equal Weight Quality KingsETF (ROE)
Follow This ETF
(as of Jul 31)
Best Performing in Large Blend Over the Last Year
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ETF Details
Astoria US Equal Weight Quality KingsETF Overview
Astoria US Equal Weight Quality KingsETF (ROE) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Astoria Portfolio Advisors LLC launched the ETF in 2023.
The investment seeks to provide long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund’s sub-adviser.
About Astoria US Equal Weight Quality KingsETF (ROE)
There are 2 members of the management team with an average tenure of 2.17 years: John Davi (2023) and Nick Cerbone (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Astoria US Equal Weight Quality KingsETF has 103 securities in its portfolio. The top 10 holdings constitute 11.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Astoria US Equal Weight Quality KingsETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Astoria US Equal Weight Quality KingsETF has 4.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.8% There is 4.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Astoria US Equal Weight Quality KingsETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $265 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ROE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Astoria US Equal Weight Quality KingsETF expense ratio is average compared to funds in the Large Blend category. Astoria US Equal Weight Quality KingsETF has an expense ratio of 0.49%, which is 17% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Astoria US Equal Weight Quality KingsETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.
Recently, in the month of June 2026, Astoria US Equal Weight Quality KingsETF returned 1.9%, which earned it a grade of A, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Astoria US Equal Weight Quality KingsETF has a trailing yield of 1.00%, which is below the 1.12% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Astoria US Equal Weight Quality KingsETF Grades
Year to date, the ETF has returned 21.3%, 11.0 percentage points better than the category, which translates into a grade of A. The fund has returned 33.9% over the past year (grade of A).
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ROE Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ROE Return (NAV) | 1.9% | 20.4% | 33.9% | na | na | na |
| ROE Return (Price) | 1.9% | 20.6% | 33.9% | na | na | na |
| NAV +/- Price Return | -0.068% | -0.118% | -0.026% | na | na | na |
| Large Blend Avg | -0.0% | 14.5% | 20.9% | 18.8% | 11.8% | 14.1% |
| ROE Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 1.9% | 6.0% | 13.0% | na | na | na |
| ROE Tax-Cost Ratio | na | na | 0.5% | na | na | na |
ROE Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ROE Return (NAV) | 21.3% | 17.4% | 18.2% | na | na | na | na | na | na | na | na |
| ROE Return (Price) | 21.5% | 17.2% | 18.3% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | -0.010% | 0.006% | na | na | na | na | na | na | na | na |
| Large Blend Avg | 10.3% | 15.4% | 21.8% | 22.9% | -17.1% | 26.9% | 18.6% | 29.7% | -5.0% | 21.6% | 11.2% |
| ROE Grade (NAV) | A | B | D | na | na | na | na | na | na | na | na |
| +/- Category | 11.0% | 2.0% | -3.5% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 265 Mil |
| Share Class Assets: | $ 265 Mil |
| Turnover: | na |
| Expense Ratio: | 0.49% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Davi John (2023), Cerbone Nick (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 103 |
| % in Top 10 Holdings: | 11.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.9% |
Portfolio Allocation |
|
| Domestic Stock: | 94.8% |
| Foreign Stock: | 4.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Astoria Portfolio Advisors LLC |
| Phone Number: | 215-882-9983 |
| Website: | www.valueshares.com |
| Inception Date: | July 31, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.42% |
