APIE vs. QEFA ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to SPDR EURO STOXX Small Cap ETF (QEFA)

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

$28.98

Average Daily Volume

48,340

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

QEFA

SPDR EURO STOXX Small Cap ETF

QEFA Description

The investment seeks to track the performance of the MSCI EAFE (Europe, Australasia, Far East) Quality Mix Index. The index captures large- and mid-cap representation across 22 developed market Europe, Australasia, and Far East countries and aims to represent the performance of value, low volatility, and quality factor strategies. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.78

Average Daily Volume

25,971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	QEFA
30 Days	-2.88%	-2.84%
60 Days	-2.78%	-6.29%
90 Days	-2.72%	-6.48%
12 Months	12.60%	9.95%

18 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in QEFA	Overlap
ABBV	D	0.37%	0.58%	0.37%
BCS	C	0.81%	0.31%	0.31%
CHKP	D	0.31%	0.38%	0.31%
DEO	F	0.72%	0.42%	0.42%
E	F	0.31%	0.37%	0.31%
HMC	F	0.53%	0.18%	0.18%
LOGI	D	0.25%	0.08%	0.08%
LYG	F	0.44%	0.24%	0.24%
MFG	B	0.41%	0.47%	0.41%
MT	B	0.35%	0.13%	0.13%
MUFG	B	0.58%	0.49%	0.49%
NMR	B	0.3%	0.05%	0.05%
NVS	D	1.33%	1.84%	1.33%
SE	B	0.15%	0.02%	0.02%
SMFG	B	0.59%	0.37%	0.37%
TEVA	D	0.14%	0.0%	0.0%
TM	D	1.2%	0.39%	0.39%
UL	D	1.28%	1.47%	1.28%

APIE Overweight 194 Positions Relative to QEFA

Symbol	Grade	Weight
TSM	B	5.96%
SAP	B	1.98%
RELX	C	1.54%
NVO	D	1.45%
AZN	D	1.25%
ASML	F	1.22%
BABA	D	1.19%
HSBC	B	1.18%
HDB	C	0.96%
BTI	B	0.92%
TAK	F	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	F	0.53%
INFY	B	0.53%
NGG	D	0.52%
IBN	C	0.51%
PDD	F	0.5%
BBVA	F	0.49%
ING	F	0.46%
PHG	D	0.46%
NWG	C	0.43%
IHG	A	0.39%
JD	D	0.38%
TEF	D	0.37%
ERIC	B	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	D	0.32%
ACN	C	0.31%
VOD	F	0.3%
HLN	D	0.29%
TCOM	B	0.29%
SKM	D	0.29%
SHG	D	0.28%
RDY	F	0.27%
SNN	D	0.26%
RTO	C	0.26%
KT	A	0.25%
VALE	F	0.23%
KB	B	0.22%
JHX	C	0.21%
GLPG	D	0.2%
FMS	A	0.19%
EQNR	D	0.19%
PBR	C	0.17%
ITUB	F	0.16%
ASX	D	0.16%
WPP	B	0.15%
WIT	A	0.14%
DOOO	F	0.13%
UMC	F	0.13%
ERJ	B	0.13%
ABEV	F	0.12%
CRTO	C	0.12%
NTES	D	0.12%
CUK	B	0.12%
WF	C	0.12%
FINV	B	0.11%
BBD	D	0.1%
ARGX	A	0.1%
ZTO	F	0.1%
BGNE	D	0.1%
SBS	B	0.09%
PKX	F	0.09%
NICE	C	0.08%
GRFS	C	0.08%
WDS	D	0.08%
TS	B	0.08%
SW	A	0.08%
FUTU	D	0.08%
CHT	D	0.08%
LI	F	0.08%
CIG	C	0.08%
GFI	D	0.07%
QFIN	B	0.07%
CIB	B	0.07%
CCU	D	0.06%
NNDM	F	0.06%
PAC	B	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
ASR	D	0.06%
VIPS	F	0.06%
HMY	D	0.06%
YY	C	0.06%
BEKE	D	0.06%
BCH	F	0.06%
GGAL	C	0.05%
ARM	D	0.05%
MTLS	B	0.05%
SOHU	F	0.05%
XPEV	C	0.05%
PAM	A	0.05%
FMX	F	0.05%
GOLD	D	0.05%
CX	D	0.05%
BNTX	D	0.05%
GMAB	F	0.05%
AKO.A	F	0.05%
BIDU	F	0.05%
HTHT	D	0.04%
DRD	D	0.04%
YMM	C	0.04%
TKC	C	0.04%
OPRA	A	0.04%
BWAY	B	0.04%
TME	D	0.04%
STM	F	0.04%
PHI	D	0.04%
IMOS	F	0.04%
ATHM	D	0.03%
IMMP	F	0.03%
BLTE	C	0.03%
VLRS	C	0.03%
TLK	D	0.03%
CRESY	B	0.03%
BILI	D	0.03%
EBR	F	0.03%
YPF	B	0.03%
TX	F	0.03%
GGB	C	0.03%
OMAB	D	0.03%
VIST	A	0.03%
NIO	F	0.03%
DAVA	C	0.03%
MREO	F	0.02%
BMA	B	0.02%
ELP	F	0.02%
ZLAB	C	0.02%
GNFT	F	0.02%
LPL	F	0.02%
BZ	F	0.02%
ATAT	C	0.02%
ASAI	F	0.02%
UGP	F	0.02%
SUPV	B	0.02%
ASND	D	0.02%
HIMX	F	0.02%
GDS	C	0.02%
BRFS	D	0.02%
XYF	D	0.02%
SUZ	C	0.02%
MOMO	D	0.02%
MYTE	B	0.02%
TAL	F	0.02%
CANG	B	0.02%
ENIC	D	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	D	0.01%
DOYU	C	0.01%
MNSO	F	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	F	0.01%
TV	F	0.01%
GRVY	C	0.01%
RERE	B	0.01%
OTLY	F	0.01%
JFIN	F	0.01%
TEO	B	0.01%
BVN	F	0.01%
IPHA	F	0.01%
SQM	F	0.01%
VIV	F	0.01%
ADAP	F	0.0%
EVO	D	0.0%
HCM	D	0.0%
SSL	F	0.0%
CNF	F	0.0%
ORAN	F	0.0%
HEPS	C	0.0%
IQ	F	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	F	0.0%
SBSW	D	0.0%
KC	A	0.0%

APIE Underweight 8 Positions Relative to QEFA

Symbol	Grade	Weight
HSBH	B	-0.68%
STLA	F	-0.34%
QGEN	D	-0.23%
SONY	B	-0.22%
CCEP	C	-0.08%
AER	B	-0.04%
AGCO	D	-0.02%
MBAVU	D	-0.02%

QEFA: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Capital Markets Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Oil & Gas Integrated Software - Application Steel