APUE vs. FELC ETF Comparison

Comparison of Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE) to Fidelity Enhanced Large Cap Core ETF (FELC)

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE 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 CRSP U.S. Total Market 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 U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	APUE	FELC
30 Days	3.74%	3.27%
60 Days	4.87%	5.09%
90 Days	6.08%	6.09%
12 Months	33.10%	33.74%

105 Overlapping Holdings

Symbol	Grade	Weight in APUE	Weight in FELC	Overlap
A	D	0.09%	0.03%	0.03%
AAPL	C	5.79%	7.38%	5.79%
ABBV	D	0.6%	1.02%	0.6%
ABT	B	0.25%	0.56%	0.25%
ADBE	C	0.47%	0.94%	0.47%
ADP	B	0.17%	0.2%	0.17%
AMAT	F	0.39%	0.68%	0.39%
AMGN	D	0.18%	0.33%	0.18%
AMT	D	0.22%	0.24%	0.22%
AMZN	C	3.5%	3.93%	3.5%
ANET	C	0.24%	0.11%	0.11%
AON	A	0.08%	0.35%	0.08%
AVGO	D	1.41%	1.72%	1.41%
AXP	A	0.39%	0.31%	0.31%
AXTA	A	0.27%	0.05%	0.05%
BAC	A	0.49%	1.2%	0.49%
BK	A	0.37%	0.11%	0.11%
BMY	B	0.18%	0.75%	0.18%
BRK.A	B	1.84%	2.25%	1.84%
C	A	0.38%	0.02%	0.02%
CAH	B	0.1%	0.31%	0.1%
CAT	B	0.29%	0.57%	0.29%
CCL	B	0.16%	0.26%	0.16%
CI	F	0.05%	0.63%	0.05%
CL	D	0.1%	0.47%	0.1%
CMCSA	B	0.27%	0.86%	0.27%
CMG	B	0.12%	0.35%	0.12%
COST	B	0.81%	0.31%	0.31%
CRM	B	0.62%	1.15%	0.62%
CSCO	B	0.38%	0.66%	0.38%
CTAS	B	0.31%	0.69%	0.31%
CVNA	B	0.05%	0.55%	0.05%
CVS	D	0.05%	0.25%	0.05%
CVX	A	0.31%	0.01%	0.01%
DASH	A	0.2%	0.18%	0.18%
DHI	D	0.22%	0.06%	0.06%
DIS	B	0.44%	0.65%	0.44%
DVN	F	0.06%	0.53%	0.06%
ECL	D	0.12%	0.63%	0.12%
ED	D	0.15%	0.15%	0.15%
EOG	A	0.11%	0.54%	0.11%
FR	C	0.18%	0.08%	0.08%
GE	D	0.47%	0.39%	0.39%
GILD	C	0.16%	0.74%	0.16%
GOOG	C	1.63%	1.9%	1.63%
GOOGL	C	1.98%	2.05%	1.98%
GPN	B	0.05%	0.02%	0.02%
GRMN	B	0.15%	0.22%	0.15%
GS	A	0.32%	0.15%	0.15%
HD	A	0.59%	1.29%	0.59%
HWM	A	0.16%	0.1%	0.1%
JNJ	D	0.89%	0.74%	0.74%
JPM	A	1.5%	1.94%	1.5%
KLAC	D	0.19%	0.63%	0.19%
KR	B	0.09%	0.03%	0.03%
LLY	F	1.16%	0.76%	0.76%
LMT	D	0.15%	0.71%	0.15%
LRCX	F	0.2%	0.44%	0.2%
MA	C	0.59%	1.36%	0.59%
MCK	B	0.11%	0.06%	0.06%
META	D	2.28%	2.89%	2.28%
MKL	A	0.07%	0.08%	0.07%
MRK	F	0.35%	0.99%	0.35%
MS	A	0.23%	0.31%	0.23%
MSFT	F	5.41%	5.68%	5.41%
MU	D	0.16%	0.66%	0.16%
NEE	D	0.2%	0.84%	0.2%
NFLX	A	0.74%	1.3%	0.74%
NOW	A	0.47%	0.55%	0.47%
NUE	C	0.04%	0.2%	0.04%
NVDA	C	5.97%	7.39%	5.97%
ORCL	B	0.42%	0.05%	0.05%
PCAR	B	0.31%	0.52%	0.31%
PEP	F	0.32%	0.05%	0.05%
PFE	D	0.25%	0.42%	0.25%
PG	A	0.99%	0.72%	0.72%
PGR	A	0.26%	0.74%	0.26%
PM	B	0.25%	0.94%	0.25%
PYPL	B	0.15%	0.34%	0.15%
QCOM	F	0.48%	0.88%	0.48%
ROST	C	0.06%	0.04%	0.04%
RSG	A	0.05%	0.24%	0.05%
RTX	C	0.21%	0.7%	0.21%
SPG	B	0.46%	0.59%	0.46%
SPGI	C	0.26%	0.31%	0.26%
SQ	B	0.06%	0.58%	0.06%
STLD	B	0.11%	0.06%	0.06%
SWKS	F	0.1%	0.03%	0.03%
SYK	C	0.38%	0.03%	0.03%
T	A	0.43%	0.73%	0.43%
TJX	A	0.32%	0.59%	0.32%
TMO	F	0.29%	0.33%	0.29%
TMUS	B	0.41%	0.31%	0.31%
TSLA	B	1.68%	1.31%	1.31%
TT	A	0.17%	0.52%	0.17%
TXT	D	0.15%	0.52%	0.15%
UBER	D	0.29%	0.14%	0.14%
UNH	C	1.04%	0.57%	0.57%
UNP	C	0.38%	0.76%	0.38%
V	A	0.64%	0.82%	0.64%
VZ	C	0.38%	0.06%	0.06%
WFC	A	0.62%	0.1%	0.1%
WMT	A	0.93%	1.14%	0.93%
XOM	B	0.99%	1.56%	0.99%
ZBRA	B	0.26%	0.06%	0.06%

APUE Overweight 188 Positions Relative to FELC

Symbol	Grade	Weight
DFAS	A	4.83%
ACN	C	0.58%
INTU	C	0.49%
MO	A	0.47%
AMD	F	0.45%
ISRG	A	0.43%
APH	A	0.43%
KO	D	0.42%
IBM	C	0.42%
AER	B	0.42%
AFL	B	0.41%
DUK	C	0.4%
ETN	A	0.39%
DHR	F	0.39%
AWI	A	0.38%
CHDN	B	0.38%
MUSA	A	0.37%
WTM	A	0.37%
LOW	D	0.35%
PH	A	0.33%
MDT	D	0.33%
FI	A	0.33%
LIN	D	0.33%
ENTG	D	0.31%
DECK	A	0.31%
HCA	F	0.31%
HON	B	0.3%
EQR	B	0.3%
COF	B	0.3%
BLK	C	0.3%
ETR	B	0.3%
BR	A	0.29%
PHM	D	0.29%
TXN	C	0.29%
ADI	D	0.29%
MDLZ	F	0.28%
BSX	B	0.28%
SNA	A	0.27%
POST	C	0.27%
LANC	C	0.27%
GWW	B	0.27%
SHW	A	0.27%
URI	B	0.26%
WAT	B	0.26%
VICI	C	0.25%
THG	A	0.25%
BX	A	0.25%
L	A	0.25%
LW	C	0.25%
MAS	D	0.24%
COP	C	0.24%
MCD	D	0.23%
JKHY	D	0.23%
NEU	C	0.23%
CACC	D	0.23%
CWST	A	0.22%
GM	B	0.22%
AEP	D	0.22%
QLYS	C	0.22%
SO	D	0.22%
VRTX	F	0.21%
KKR	A	0.21%
LEN	D	0.2%
PPL	B	0.19%
TTC	D	0.19%
ESI	A	0.19%
WAB	B	0.18%
PLD	D	0.18%
FDX	B	0.18%
NI	A	0.18%
REGN	F	0.18%
ROP	B	0.17%
CBOE	B	0.17%
PANW	C	0.17%
EVRG	A	0.16%
IRM	D	0.16%
IP	B	0.16%
GDDY	A	0.16%
FCX	D	0.16%
TGT	F	0.16%
ESS	B	0.15%
REYN	D	0.15%
ICE	C	0.15%
TREX	C	0.15%
CARR	D	0.15%
DE	A	0.15%
COIN	C	0.15%
LEN	D	0.15%
WY	D	0.14%
UNF	B	0.14%
DOV	A	0.14%
FOX	A	0.14%
MTN	C	0.14%
AIG	B	0.14%
GEV	B	0.14%
PEG	A	0.14%
DGX	A	0.13%
FOXA	B	0.13%
EMR	A	0.13%
BALL	D	0.13%
WELL	A	0.13%
ZBH	C	0.13%
BRKR	D	0.13%
KMB	D	0.13%
MPC	D	0.13%
FNF	B	0.13%
CRWD	B	0.13%
PCG	A	0.12%
HIG	B	0.12%
HOLX	D	0.12%
ABNB	C	0.11%
CEG	D	0.11%
PLTR	B	0.11%
PWR	A	0.11%
CPRT	A	0.11%
SYF	B	0.11%
CMI	A	0.11%
UPS	C	0.1%
SNPS	B	0.1%
AEE	A	0.1%
DD	D	0.1%
CNNE	B	0.09%
ZTS	D	0.09%
EFX	F	0.09%
APD	A	0.09%
STT	A	0.09%
CABO	C	0.09%
RCL	A	0.08%
DLR	B	0.08%
DRI	B	0.08%
ALL	A	0.08%
COR	B	0.08%
CCI	D	0.08%
AVB	B	0.08%
ROK	B	0.08%
KVUE	A	0.07%
CRBG	B	0.07%
TW	A	0.07%
LNG	B	0.07%
PKG	A	0.07%
CBRE	B	0.07%
NEM	D	0.07%
ARE	D	0.07%
BEN	C	0.07%
CTSH	B	0.07%
KHC	F	0.07%
EXR	D	0.07%
CB	C	0.06%
BA	F	0.06%
APO	B	0.06%
CTVA	C	0.06%
NDAQ	A	0.06%
RBLX	C	0.06%
GD	F	0.06%
ACGL	D	0.06%
MPWR	F	0.06%
CSGP	D	0.06%
VLO	C	0.06%
DAL	C	0.05%
DELL	C	0.05%
NTAP	C	0.05%
GEN	B	0.05%
SLB	C	0.05%
IBKR	A	0.05%
IR	B	0.05%
PSX	C	0.05%
EW	C	0.05%
NWS	B	0.05%
PFG	D	0.04%
FSLR	F	0.04%
EG	C	0.04%
CTRA	B	0.04%
ELV	F	0.04%
HUBB	B	0.04%
MNST	C	0.04%
J	F	0.04%
VLTO	D	0.03%
ADM	D	0.03%
CNC	D	0.03%
UAL	A	0.03%
MSTR	C	0.03%
DTE	C	0.02%
SMCI	F	0.02%
RKT	F	0.02%
DLTR	F	0.02%
WPC	D	0.02%
GIS	D	0.01%
HST	C	0.0%

APUE Underweight 65 Positions Relative to FELC

Symbol	Grade	Weight
SCHW	B	-0.8%
BDX	F	-0.62%
NOC	D	-0.6%
CSX	B	-0.54%
DBX	B	-0.52%
ZM	B	-0.51%
MSI	B	-0.5%
CME	A	-0.5%
IGT	F	-0.46%
EXEL	B	-0.45%
TRV	B	-0.43%
ANF	C	-0.42%
CACI	D	-0.4%
SSNC	B	-0.38%
NSC	B	-0.38%
TDC	D	-0.37%
MSCI	C	-0.33%
ALLE	D	-0.33%
WM	A	-0.32%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
MMC	B	-0.29%
INCY	C	-0.28%
LDOS	C	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ALRM	C	-0.2%
OXY	D	-0.19%
WDAY	B	-0.16%
FTNT	C	-0.15%
WTW	B	-0.14%
MMM	D	-0.13%
BKNG	A	-0.13%
TWLO	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
VST	B	-0.12%
QRVO	F	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	B	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
BIIB	F	-0.1%
PEGA	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
VEEV	C	-0.08%
SCCO	F	-0.05%
PLTK	B	-0.04%
GEHC	F	-0.04%
CRUS	D	-0.03%
LPLA	A	-0.03%
DOCU	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%