APUE vs. FQAL ETF Comparison

Comparison of Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE) to Fidelity Quality Factor ETF (FQAL)

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

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	APUE	FQAL
30 Days	3.74%	2.60%
60 Days	4.87%	4.35%
90 Days	6.08%	5.86%
12 Months	33.10%	30.56%

72 Overlapping Holdings

Symbol	Grade	Weight in APUE	Weight in FQAL	Overlap
AAPL	C	5.79%	6.62%	5.79%
ABBV	D	0.6%	1.14%	0.6%
ABNB	C	0.11%	0.75%	0.11%
ACGL	D	0.06%	0.71%	0.06%
ACN	C	0.58%	1.05%	0.58%
ADBE	C	0.47%	0.97%	0.47%
ADP	B	0.17%	0.64%	0.17%
AMAT	F	0.39%	0.77%	0.39%
AMT	D	0.22%	0.27%	0.22%
AVB	B	0.08%	0.19%	0.08%
AVGO	D	1.41%	2.0%	1.41%
BMY	B	0.18%	1.02%	0.18%
BX	A	0.25%	1.05%	0.25%
CAT	B	0.29%	0.77%	0.29%
CEG	D	0.11%	0.36%	0.11%
CL	D	0.1%	0.36%	0.1%
COP	C	0.24%	0.41%	0.24%
COST	B	0.81%	1.01%	0.81%
CPRT	A	0.11%	0.48%	0.11%
CTAS	B	0.31%	0.55%	0.31%
CVX	A	0.31%	0.68%	0.31%
ECL	D	0.12%	0.24%	0.12%
EOG	A	0.11%	0.32%	0.11%
EQR	B	0.3%	0.17%	0.17%
ESS	B	0.15%	0.16%	0.15%
EXR	D	0.07%	0.19%	0.07%
FCX	D	0.16%	0.24%	0.16%
GILD	C	0.16%	1.0%	0.16%
GOOGL	C	1.98%	3.69%	1.98%
GRMN	B	0.15%	0.86%	0.15%
GWW	B	0.27%	0.55%	0.27%
HD	A	0.59%	1.5%	0.59%
JNJ	D	0.89%	1.35%	0.89%
KLAC	D	0.19%	0.64%	0.19%
KMB	D	0.13%	0.31%	0.13%
KO	D	0.42%	0.66%	0.42%
LIN	D	0.33%	0.52%	0.33%
LLY	F	1.16%	1.72%	1.16%
LMT	D	0.15%	0.56%	0.15%
LNG	B	0.07%	0.28%	0.07%
LOW	D	0.35%	1.02%	0.35%
LRCX	F	0.2%	0.67%	0.2%
MA	C	0.59%	1.48%	0.59%
MCD	D	0.23%	1.11%	0.23%
MDLZ	F	0.28%	0.38%	0.28%
META	D	2.28%	2.51%	2.28%
MNST	C	0.04%	0.31%	0.04%
MO	A	0.47%	0.44%	0.44%
MSFT	F	5.41%	6.3%	5.41%
NEE	D	0.2%	0.47%	0.2%
NFLX	A	0.74%	0.97%	0.74%
NUE	C	0.04%	0.18%	0.04%
NVDA	C	5.97%	7.24%	5.97%
PANW	C	0.17%	0.96%	0.17%
PG	A	0.99%	0.98%	0.98%
PGR	A	0.26%	1.0%	0.26%
PLD	D	0.18%	0.3%	0.18%
PM	B	0.25%	0.63%	0.25%
QCOM	F	0.48%	0.91%	0.48%
QLYS	C	0.22%	0.64%	0.22%
SHW	A	0.27%	0.3%	0.27%
SO	D	0.22%	0.36%	0.22%
SPG	B	0.46%	0.25%	0.25%
SPGI	C	0.26%	0.92%	0.26%
T	A	0.43%	0.57%	0.43%
UNP	C	0.38%	0.61%	0.38%
V	A	0.64%	1.61%	0.64%
VICI	C	0.25%	0.18%	0.18%
VRTX	F	0.21%	0.86%	0.21%
VZ	C	0.38%	0.56%	0.38%
XOM	B	0.99%	1.16%	0.99%
ZTS	D	0.09%	0.81%	0.09%

APUE Overweight 221 Positions Relative to FQAL

Symbol	Grade	Weight
DFAS	A	4.83%
AMZN	C	3.5%
BRK.A	B	1.84%
TSLA	B	1.68%
GOOG	C	1.63%
JPM	A	1.5%
UNH	C	1.04%
WMT	A	0.93%
CRM	B	0.62%
WFC	A	0.62%
INTU	C	0.49%
BAC	A	0.49%
NOW	A	0.47%
GE	D	0.47%
AMD	F	0.45%
DIS	B	0.44%
ISRG	A	0.43%
APH	A	0.43%
ORCL	B	0.42%
IBM	C	0.42%
AER	B	0.42%
TMUS	B	0.41%
AFL	B	0.41%
DUK	C	0.4%
ETN	A	0.39%
AXP	A	0.39%
DHR	F	0.39%
CSCO	B	0.38%
C	A	0.38%
AWI	A	0.38%
SYK	C	0.38%
CHDN	B	0.38%
BK	A	0.37%
MUSA	A	0.37%
WTM	A	0.37%
MRK	F	0.35%
PH	A	0.33%
MDT	D	0.33%
FI	A	0.33%
TJX	A	0.32%
GS	A	0.32%
PEP	F	0.32%
ENTG	D	0.31%
DECK	A	0.31%
PCAR	B	0.31%
HCA	F	0.31%
HON	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%
TMO	F	0.29%
ADI	D	0.29%
UBER	D	0.29%
BSX	B	0.28%
SNA	A	0.27%
POST	C	0.27%
LANC	C	0.27%
AXTA	A	0.27%
CMCSA	B	0.27%
ZBRA	B	0.26%
URI	B	0.26%
WAT	B	0.26%
ABT	B	0.25%
THG	A	0.25%
L	A	0.25%
LW	C	0.25%
PFE	D	0.25%
MAS	D	0.24%
ANET	C	0.24%
JKHY	D	0.23%
NEU	C	0.23%
MS	A	0.23%
CACC	D	0.23%
CWST	A	0.22%
GM	B	0.22%
AEP	D	0.22%
DHI	D	0.22%
KKR	A	0.21%
RTX	C	0.21%
LEN	D	0.2%
DASH	A	0.2%
PPL	B	0.19%
TTC	D	0.19%
ESI	A	0.19%
WAB	B	0.18%
FR	C	0.18%
FDX	B	0.18%
AMGN	D	0.18%
NI	A	0.18%
REGN	F	0.18%
ROP	B	0.17%
TT	A	0.17%
CBOE	B	0.17%
CCL	B	0.16%
EVRG	A	0.16%
IRM	D	0.16%
IP	B	0.16%
HWM	A	0.16%
GDDY	A	0.16%
TGT	F	0.16%
MU	D	0.16%
PYPL	B	0.15%
REYN	D	0.15%
ED	D	0.15%
ICE	C	0.15%
TXT	D	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%
MPC	D	0.13%
FNF	B	0.13%
CRWD	B	0.13%
PCG	A	0.12%
HIG	B	0.12%
CMG	B	0.12%
HOLX	D	0.12%
PLTR	B	0.11%
PWR	A	0.11%
MCK	B	0.11%
SYF	B	0.11%
STLD	B	0.11%
CMI	A	0.11%
CAH	B	0.1%
UPS	C	0.1%
SNPS	B	0.1%
AEE	A	0.1%
SWKS	F	0.1%
DD	D	0.1%
CNNE	B	0.09%
A	D	0.09%
EFX	F	0.09%
APD	A	0.09%
STT	A	0.09%
CABO	C	0.09%
KR	B	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%
AON	A	0.08%
ROK	B	0.08%
KVUE	A	0.07%
CRBG	B	0.07%
TW	A	0.07%
PKG	A	0.07%
MKL	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%
DVN	F	0.06%
CB	C	0.06%
ROST	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%
MPWR	F	0.06%
CSGP	D	0.06%
SQ	B	0.06%
VLO	C	0.06%
DAL	C	0.05%
DELL	C	0.05%
CVNA	B	0.05%
CVS	D	0.05%
RSG	A	0.05%
NTAP	C	0.05%
GPN	B	0.05%
GEN	B	0.05%
CI	F	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%
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 52 Positions Relative to FQAL

Symbol	Grade	Weight
BKNG	A	-1.21%
FICO	B	-0.96%
AMP	A	-0.92%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
EWBC	A	-0.78%
CFR	B	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
CBSH	A	-0.71%
DPZ	C	-0.69%
IDXX	F	-0.67%
KNSL	B	-0.65%
WSM	B	-0.63%
MTD	D	-0.58%
MEDP	D	-0.57%
ITW	B	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
VST	B	-0.43%
TTD	B	-0.41%
WMB	A	-0.34%
TPL	A	-0.31%
NRG	B	-0.27%
WEC	A	-0.26%
HSY	F	-0.25%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
UGI	A	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
RS	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%