APIE vs. AVEM ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Avantis Emerging Markets Equity ETF (AVEM)

APIE

Trust for Professional Managers ActivePassive International Equity ETF

APIE Description

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.

Grade (RS Rating)

Last Trade

$29.42

Average Daily Volume

44,206

Number of Holdings ^*

188

* may have additional holdings in another (foreign) market

AVEM

Avantis Emerging Markets Equity ETF

AVEM Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Grade (RS Rating)

Last Trade

$62.49

Average Daily Volume

450,041

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

Performance

Period	APIE	AVEM
30 Days	-3.60%	-3.80%
60 Days	-1.47%	1.54%
90 Days	5.64%	5.61%
12 Months	23.90%	25.04%

72 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in AVEM	Overlap
ABEV	F	0.06%	0.06%	0.06%
AKO.A	F	0.08%	0.03%	0.03%
AKO.A	F	0.06%	0.03%	0.03%
ASAI	F	0.01%	0.06%	0.01%
ASAI	F	0.01%	0.02%	0.01%
ASR	F	0.09%	0.08%	0.08%
ASX	D	0.22%	0.28%	0.22%
ATHM	C	0.0%	0.07%	0.0%
BABA	B	1.23%	1.56%	1.23%
BBD	F	0.07%	0.14%	0.07%
BCH	D	0.0%	0.05%	0.0%
BEKE	A	0.06%	0.24%	0.06%
BGNE	C	0.11%	0.03%	0.03%
BIDU	F	0.06%	0.04%	0.04%
BRFS	B	0.02%	0.06%	0.02%
BVN	D	0.01%	0.05%	0.01%
CANG	A	0.01%	0.0%	0.0%
CCU	D	0.04%	0.01%	0.01%
CIB	B	0.16%	0.04%	0.04%
CIG	D	0.09%	0.06%	0.06%
CX	F	0.07%	0.09%	0.07%
DAO	A	0.02%	0.0%	0.0%
ERJ	C	0.13%	0.21%	0.13%
FINV	B	0.18%	0.06%	0.06%
FMX	F	0.05%	0.14%	0.05%
GDS	A	0.0%	0.04%	0.0%
GFI	B	0.08%	0.22%	0.08%
GGB	F	0.0%	0.12%	0.0%
HDB	B	0.77%	0.44%	0.44%
HMY	B	0.09%	0.17%	0.09%
IBN	A	0.4%	0.4%	0.4%
IMOS	F	0.05%	0.01%	0.01%
INFY	D	0.52%	0.71%	0.52%
IQ	C	0.0%	0.05%	0.0%
ITUB	D	0.23%	0.31%	0.23%
JD	A	0.46%	0.04%	0.04%
KB	B	0.24%	0.44%	0.24%
KT	A	0.32%	0.04%	0.04%
LI	C	0.08%	0.26%	0.08%
MNSO	A	0.01%	0.03%	0.01%
MOMO	A	0.02%	0.06%	0.02%
NIO	D	0.04%	0.04%	0.04%
NTES	F	0.11%	0.56%	0.11%
OMAB	D	0.01%	0.07%	0.01%
PAC	B	0.03%	0.09%	0.03%
PBR	F	0.16%	0.37%	0.16%
PDD	C	0.61%	0.82%	0.61%
PHI	F	0.07%	0.03%	0.03%
PKX	F	0.06%	0.28%	0.06%
QFIN	B	0.12%	0.17%	0.12%
RDY	F	0.38%	0.16%	0.16%
SBS	D	0.09%	0.09%	0.09%
SHG	D	0.29%	0.35%	0.29%
SKM	D	0.45%	0.02%	0.02%
SOHU	D	0.02%	0.01%	0.01%
SSL	F	0.0%	0.04%	0.0%
TAL	A	0.02%	0.07%	0.02%
TCOM	A	0.31%	0.2%	0.2%
TKC	F	0.04%	0.06%	0.04%
TME	D	0.04%	0.11%	0.04%
TSM	B	6.02%	6.25%	6.02%
UGP	F	0.05%	0.08%	0.05%
UMC	F	0.19%	0.29%	0.19%
VALE	F	0.25%	0.39%	0.25%
VIPS	B	0.11%	0.23%	0.11%
VIV	F	0.03%	0.01%	0.01%
WIT	B	0.03%	0.07%	0.03%
XPEV	B	0.03%	0.0%	0.0%
XYF	B	0.02%	0.0%	0.0%
YRD	B	0.0%	0.0%	0.0%
YY	C	0.1%	0.03%	0.03%
ZTO	C	0.21%	0.27%	0.21%

APIE Overweight 117 Positions Relative to AVEM

Symbol	Grade	Weight
SAP	B	2.02%
RELX	C	1.99%
NVO	F	1.54%
NVS	D	1.46%
AZN	F	1.36%
UL	D	1.32%
TM	D	1.23%
ASML	F	1.19%
HSBC	A	1.18%
BTI	C	0.86%
HMC	F	0.82%
TAK	D	0.79%
BHP	D	0.78%
DEO	F	0.78%
SNY	D	0.77%
BCS	B	0.76%
ORAN	D	0.72%
RIO	C	0.71%
BP	F	0.7%
BUD	D	0.7%
GSK	F	0.69%
SAN	A	0.67%
IX	F	0.67%
BBVA	D	0.62%
PHG	D	0.62%
TTE	F	0.58%
NGG	D	0.53%
SMFG	C	0.53%
LYG	D	0.49%
ING	D	0.48%
MUFG	A	0.45%
TEF	D	0.39%
NWG	A	0.39%
IHG	B	0.36%
NMR	F	0.36%
NOK	B	0.36%
ERIC	B	0.34%
VOD	D	0.34%
MFG	A	0.34%
MT	B	0.32%
ACN	C	0.31%
AON	A	0.31%
E	D	0.31%
LOGI	F	0.31%
CHKP	C	0.3%
HLN	D	0.29%
PSO	A	0.28%
ABBV	A	0.25%
FMS	D	0.24%
SNN	F	0.24%
RTO	D	0.24%
JHX	F	0.23%
GLPG	D	0.2%
WF	D	0.19%
EQNR	F	0.19%
TEVA	A	0.15%
CUK	A	0.14%
WPP	B	0.14%
SE	B	0.14%
DOOO	F	0.13%
CRTO	F	0.12%
SW	C	0.1%
KOF	F	0.1%
MYTE	B	0.09%
FUTU	A	0.09%
ARGX	A	0.08%
WDS	F	0.08%
GRFS	C	0.07%
TS	A	0.07%
TX	D	0.07%
STM	F	0.06%
NNDM	D	0.06%
DRD	B	0.05%
BNTX	A	0.05%
GMAB	F	0.05%
JMIA	F	0.04%
ARM	B	0.04%
CALT	C	0.04%
PAM	B	0.04%
BWAY	A	0.04%
NICE	C	0.04%
VIST	A	0.03%
DAVA	F	0.03%
GGAL	A	0.03%
MTLS	A	0.03%
YMM	B	0.03%
ENIC	C	0.03%
OPRA	A	0.03%
IPHA	D	0.02%
SIMO	F	0.02%
BLTE	A	0.02%
GNFT	A	0.02%
ASND	F	0.02%
OTLY	D	0.02%
JFIN	B	0.02%
HIMX	D	0.02%
IMMP	F	0.02%
MREO	D	0.02%
HCM	C	0.02%
EDAP	F	0.01%
BMA	A	0.01%
CRESY	A	0.01%
GOLD	C	0.01%
RERE	C	0.01%
CLLS	F	0.01%
SUPV	A	0.01%
YALA	F	0.01%
GHG	A	0.0%
ADAP	F	0.0%
EVO	C	0.0%
VRNA	B	0.0%
CNF	D	0.0%
DDL	A	0.0%
KC	C	0.0%
BZUN	B	0.0%
JKS	A	0.0%
DADA	C	0.0%

APIE Underweight 49 Positions Relative to AVEM

Symbol	Grade	Weight
YUMC	A	-0.3%
BAP	B	-0.18%
CPNG	A	-0.15%
SUZ	B	-0.11%
CHT	D	-0.11%
TLK	F	-0.11%
SBSW	B	-0.08%
SCCO	B	-0.08%
HTHT	B	-0.08%
STNE	F	-0.06%
DQ	A	-0.05%
SID	F	-0.05%
SQM	D	-0.05%
BSAC	C	-0.05%
NU	A	-0.05%
LPL	F	-0.05%
CAR	C	-0.05%
TV	B	-0.04%
EC	F	-0.04%
WB	B	-0.04%
EBR	F	-0.04%
KEP	A	-0.04%
PAGS	F	-0.03%
SGRP	B	-0.03%
BSBR	F	-0.03%
XP	F	-0.02%
ATAT	B	-0.02%
VLRS	A	-0.02%
ELP	F	-0.02%
HUYA	D	-0.01%
BAK	F	-0.01%
IFS	B	-0.01%
BZ	D	-0.01%
CSAN	F	-0.01%
NOAH	B	-0.01%
LX	B	-0.01%
VNET	B	-0.01%
BILI	A	-0.0%
CAAS	A	-0.0%
TUYA	D	-0.0%
SHPH	D	-0.0%
NIU	B	-0.0%
API	B	-0.0%
QD	A	-0.0%
GOTU	F	-0.0%
AZUL	F	-0.0%
GRIN	A	-0.0%
PDSB	F	-0.0%
PAX	B	-0.0%