ETF Evaluator:
NPF Core Equity ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
NPF Core Equity ETF Overview
NPF Core Equity ETF (NPFE) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). NPF Investment Advisors launched the ETF in 2026.
The investment seeks to provide long-term capital appreciation and, as a secondary objective, current income.
The fund is an actively managed exchange-traded fund (“ETF”) that aims to provide current income and long-term capital appreciation primarily through exposure to U.S. equity markets. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The fund is non-diversified.
About NPF Core Equity ETF (NPFE)
There are 3 members of the management team with an average tenure of 0.39 years: Austin Wen (2026), Devin Ryder (2026) and Tyler Bosgraaf (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
NPF Core Equity ETF has 402 securities in its portfolio. The top 10 holdings constitute 46.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
NPF Core Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. NPF Core Equity ETF has 4.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.6% There is 4.0% 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). NPF Core Equity ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $649 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.
NPFE 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 NPF Core Equity ETF expense ratio is average compared to funds in the Large Blend category. NPF Core Equity ETF has an expense ratio of 0.40%, which is 3% lower 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. NPF Core Equity ETF 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 158% for the Large Blend category.
Recently, in the month of July 2026, NPF Core Equity ETF returned -0.0%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. 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.
NPF Core Equity ETF has a trailing yield of 0.00%, which is below the 1.16% category average.
The fund normally distributes its income annually 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.
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NPFE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NPFE Return (NAV) | -0.0% | 5.4% | na | na | na | na |
| NPFE Return (Price) | 0.1% | 5.5% | na | na | na | na |
| NAV +/- Price Return | -0.107% | -0.139% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| NPFE Grade (NAV) | C | B | na | na | na | na |
| +/- Category (NAV) | 0.8% | 1.7% | na | na | na | na |
| NPFE Tax-Cost Ratio | na | na | na | na | na | na |
NPFE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NPFE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| NPFE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| NPFE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | 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: | -- |
| Total Assets: | $ 650 Mil |
| Share Class Assets: | $ 650 Mil |
| Turnover: | na |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Wen Austin (2026), Ryder Devin (2026), Bosgraaf Tyler (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 402 |
| % in Top 10 Holdings: | 46.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.0% |
Portfolio Allocation |
|
| Domestic Stock: | 95.6% |
| Foreign Stock: | 4.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | NPF Investment Advisors |
| Phone Number: | 877-290-2938 |
| Website: | |
| Inception Date: | March 10, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
