APIE vs. GXUS ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Goldman Sachs MarketBeta Total International Equity ETF (GXUS)

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

$28.72

Average Daily Volume

47,382

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

GXUS

Goldman Sachs MarketBeta Total International Equity ETF

GXUS Description

GXUS is a passively managed fund that offers broad-based, vanilla exposure to the global ex-US equity space. The fund holds large- and mid-cap stocks, representing 85% of the free-float market capitalization of developed and emerging markets, excluding the US. Constituents are selected and weighted based on their market capitalization. The funds adviser employs tax management strategies such as in-kind redemptions and tax lot selection, to generally minimize taxable capital gain distributions. The index reconstitutes on a semi-annual basis in May and November. Since the objective of the fund is to track an index, buy and sell decisions do not take into consideration analysis of economic or market factors. The portfolio may become concentrated at times. However, the funds adviser may over- or underweight positions in the index if considered to be appropriate.

Grade (RS Rating)

Last Trade

$44.60

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	GXUS
30 Days	-4.19%	-3.63%
60 Days	-3.36%	-4.48%
90 Days	-3.32%	-3.99%
12 Months	11.90%	10.95%

58 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in GXUS	Overlap
ABBV	F	0.37%	0.33%	0.33%
ABEV	F	0.12%	0.04%	0.04%
ARGX	B	0.1%	0.13%	0.1%
ASAI	F	0.02%	0.03%	0.02%
ATAT	C	0.02%	0.01%	0.01%
ATHM	C	0.03%	0.01%	0.01%
BABA	D	1.19%	0.67%	0.67%
BCH	C	0.06%	0.02%	0.02%
BCS	A	0.81%	0.18%	0.18%
BEKE	D	0.06%	0.05%	0.05%
BGNE	D	0.1%	0.04%	0.04%
BIDU	F	0.05%	0.09%	0.05%
BILI	D	0.03%	0.02%	0.02%
BNTX	C	0.05%	0.04%	0.04%
BRFS	C	0.02%	0.01%	0.01%
BZ	F	0.02%	0.01%	0.01%
CHKP	C	0.31%	0.06%	0.06%
CHT	C	0.08%	0.05%	0.05%
DEO	F	0.72%	0.25%	0.25%
E	F	0.31%	0.12%	0.12%
ERJ	A	0.13%	0.02%	0.02%
FUTU	D	0.08%	0.02%	0.02%
GDS	C	0.02%	0.01%	0.01%
GGB	C	0.03%	0.02%	0.02%
GOLD	C	0.05%	0.11%	0.05%
HDB	C	0.96%	0.42%	0.42%
HMC	F	0.53%	0.14%	0.14%
HTHT	D	0.04%	0.03%	0.03%
IBN	C	0.51%	0.29%	0.29%
IQ	F	0.0%	0.0%	0.0%
KB	B	0.22%	0.09%	0.09%
KT	A	0.25%	0.01%	0.01%
LI	F	0.08%	0.05%	0.05%
LPL	D	0.02%	0.01%	0.01%
LYG	D	0.44%	0.16%	0.16%
MFG	A	0.41%	0.21%	0.21%
MUFG	B	0.58%	0.49%	0.49%
NIO	F	0.03%	0.02%	0.02%
NMR	B	0.3%	0.07%	0.07%
NVS	F	1.33%	0.74%	0.74%
PDD	F	0.5%	0.27%	0.27%
QFIN	A	0.07%	0.01%	0.01%
SBSW	D	0.0%	0.01%	0.0%
SE	A	0.15%	0.14%	0.14%
SHG	C	0.28%	0.07%	0.07%
SKM	C	0.29%	0.01%	0.01%
SMFG	B	0.59%	0.33%	0.33%
TAL	F	0.02%	0.02%	0.02%
TCOM	B	0.29%	0.13%	0.13%
TM	F	1.2%	0.71%	0.71%
TME	D	0.04%	0.03%	0.03%
UL	D	1.28%	0.52%	0.52%
UMC	F	0.13%	0.06%	0.06%
VALE	F	0.23%	0.14%	0.14%
VIPS	F	0.06%	0.02%	0.02%
WIT	B	0.14%	0.04%	0.04%
XPEV	C	0.05%	0.03%	0.03%
YMM	C	0.04%	0.02%	0.02%

APIE Overweight 154 Positions Relative to GXUS

Symbol	Grade	Weight
TSM	B	5.96%
SAP	B	1.98%
RELX	D	1.54%
NVO	F	1.45%
AZN	F	1.25%
ASML	F	1.22%
HSBC	A	1.18%
BTI	B	0.92%
TAK	D	0.79%
BHP	F	0.75%
SNY	F	0.72%
BP	D	0.69%
RIO	D	0.68%
IX	F	0.66%
GSK	F	0.66%
BUD	F	0.65%
TTE	F	0.6%
SAN	D	0.53%
INFY	C	0.53%
NGG	D	0.52%
BBVA	D	0.49%
ING	F	0.46%
PHG	C	0.46%
NWG	A	0.43%
IHG	A	0.39%
JD	D	0.38%
TEF	C	0.37%
MT	B	0.35%
ERIC	C	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	D	0.32%
ACN	B	0.31%
VOD	F	0.3%
HLN	C	0.29%
RDY	F	0.27%
SNN	D	0.26%
RTO	C	0.26%
LOGI	D	0.25%
JHX	D	0.21%
GLPG	F	0.2%
FMS	A	0.19%
EQNR	C	0.19%
PBR	D	0.17%
ITUB	F	0.16%
ASX	D	0.16%
WPP	C	0.15%
TEVA	C	0.14%
DOOO	F	0.13%
CRTO	D	0.12%
NTES	D	0.12%
CUK	A	0.12%
WF	C	0.12%
FINV	B	0.11%
BBD	D	0.1%
ZTO	F	0.1%
SBS	B	0.09%
PKX	D	0.09%
NICE	D	0.08%
GRFS	C	0.08%
WDS	D	0.08%
TS	B	0.08%
SW	A	0.08%
CIG	C	0.08%
GFI	D	0.07%
CIB	B	0.07%
CCU	D	0.06%
NNDM	D	0.06%
PAC	B	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
ASR	D	0.06%
HMY	D	0.06%
YY	B	0.06%
GGAL	B	0.05%
ARM	F	0.05%
MTLS	A	0.05%
SOHU	F	0.05%
PAM	A	0.05%
FMX	F	0.05%
CX	F	0.05%
GMAB	F	0.05%
AKO.A	F	0.05%
DRD	D	0.04%
TKC	B	0.04%
OPRA	B	0.04%
BWAY	B	0.04%
STM	F	0.04%
PHI	D	0.04%
IMOS	F	0.04%
IMMP	F	0.03%
BLTE	B	0.03%
VLRS	B	0.03%
TLK	D	0.03%
CRESY	B	0.03%
EBR	F	0.03%
YPF	B	0.03%
TX	F	0.03%
OMAB	D	0.03%
VIST	B	0.03%
DAVA	C	0.03%
MREO	F	0.02%
BMA	C	0.02%
ELP	F	0.02%
ZLAB	C	0.02%
GNFT	F	0.02%
UGP	F	0.02%
SUPV	B	0.02%
ASND	F	0.02%
HIMX	F	0.02%
XYF	D	0.02%
SUZ	B	0.02%
MOMO	D	0.02%
MYTE	B	0.02%
CANG	B	0.02%
ENIC	B	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	D	0.01%
DOYU	C	0.01%
MNSO	D	0.01%
BZUN	F	0.01%
DAO	B	0.01%
CEPU	B	0.01%
HUYA	F	0.01%
CLLS	F	0.01%
JKS	F	0.01%
LEGN	D	0.01%
TV	F	0.01%
GRVY	C	0.01%
RERE	C	0.01%
OTLY	F	0.01%
JFIN	F	0.01%
TEO	B	0.01%
BVN	D	0.01%
IPHA	D	0.01%
SQM	D	0.01%
VIV	F	0.01%
ADAP	F	0.0%
EVO	C	0.0%
HCM	D	0.0%
SSL	F	0.0%
CNF	F	0.0%
ORAN	F	0.0%
HEPS	C	0.0%
AZUL	F	0.0%
DADA	F	0.0%
RLX	C	0.0%
TOUR	D	0.0%
SIMO	D	0.0%
YRD	F	0.0%
DDL	C	0.0%
EH	D	0.0%
KC	B	0.0%

APIE Underweight 35 Positions Relative to GXUS

Symbol	Grade	Weight
HSBH	B	-0.61%
SHOP	B	-0.47%
SONY	B	-0.42%
TD	D	-0.37%
CNI	F	-0.23%
NXPI	D	-0.21%
NU	C	-0.18%
WCN	A	-0.17%
STLA	F	-0.1%
AER	A	-0.07%
CCEP	C	-0.06%
ICLR	D	-0.06%
RBA	A	-0.06%
CYBR	A	-0.05%
XRX	F	-0.05%
WIX	A	-0.04%
GRAB	A	-0.04%
OTEX	F	-0.03%
MNDY	C	-0.03%
KEP	B	-0.02%
WFG	C	-0.02%
MMYT	B	-0.02%
AGCO	D	-0.02%
XP	F	-0.02%
SBLK	F	-0.01%
PAGS	F	-0.01%
CSAN	F	-0.01%
STNE	F	-0.01%
ZIM	C	-0.01%
TIGO	D	-0.01%
FRO	D	-0.01%
MBAVU	C	-0.01%
GLBE	B	-0.01%
WB	D	-0.0%
CLBT	B	-0.0%