APUE vs. RAVI ETF Comparison

Comparison of Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE) to FlexShares Ready Access Variable Income Fund (RAVI)

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

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	APUE	RAVI
30 Days	3.74%	0.41%
60 Days	4.87%	0.65%
90 Days	6.08%	1.23%
12 Months	33.10%	5.45%

53 Overlapping Holdings

Symbol	Grade	Weight in APUE	Weight in RAVI	Overlap
ABBV	D	0.6%	0.13%	0.13%
AEE	A	0.1%	0.17%	0.1%
AEP	D	0.22%	0.38%	0.22%
AIG	B	0.14%	0.57%	0.14%
AMT	D	0.22%	0.13%	0.13%
AMZN	C	3.5%	0.42%	0.42%
AON	A	0.08%	0.46%	0.08%
BA	F	0.06%	0.15%	0.06%
BAC	A	0.49%	0.57%	0.49%
BMY	B	0.18%	0.43%	0.18%
C	A	0.38%	0.24%	0.24%
CAT	B	0.29%	0.26%	0.26%
CCI	D	0.08%	0.49%	0.08%
CI	F	0.05%	0.67%	0.05%
CMCSA	B	0.27%	0.28%	0.27%
COF	B	0.3%	0.06%	0.06%
CRM	B	0.62%	0.4%	0.4%
CVS	D	0.05%	0.16%	0.05%
CVX	A	0.31%	0.33%	0.31%
DELL	C	0.05%	0.28%	0.05%
DHI	D	0.22%	0.13%	0.13%
DHR	F	0.39%	0.86%	0.39%
DTE	C	0.02%	0.77%	0.02%
DUK	C	0.4%	0.07%	0.07%
ED	D	0.15%	1.05%	0.15%
EFX	F	0.09%	0.1%	0.09%
ETR	B	0.3%	0.38%	0.3%
FOXA	B	0.13%	0.21%	0.13%
GE	D	0.47%	0.76%	0.47%
GILD	C	0.16%	0.59%	0.16%
GM	B	0.22%	0.1%	0.1%
GS	A	0.32%	0.26%	0.26%
ICE	C	0.15%	0.15%	0.15%
JPM	A	1.5%	0.03%	0.03%
LEN	D	0.15%	0.26%	0.15%
LEN	D	0.2%	0.26%	0.2%
MDLZ	F	0.28%	0.09%	0.09%
MS	A	0.23%	0.06%	0.06%
NDAQ	A	0.06%	0.31%	0.06%
NEE	D	0.2%	0.57%	0.2%
NVDA	C	5.97%	0.52%	0.52%
PCAR	B	0.31%	0.05%	0.05%
PPL	B	0.19%	0.22%	0.19%
PSX	C	0.05%	0.16%	0.05%
PYPL	B	0.15%	0.95%	0.15%
ROP	B	0.17%	0.07%	0.07%
SO	D	0.22%	0.26%	0.22%
SYK	C	0.38%	0.49%	0.38%
T	A	0.43%	0.3%	0.3%
UNH	C	1.04%	0.43%	0.43%
VLO	C	0.06%	1.51%	0.06%
VZ	C	0.38%	0.1%	0.1%
WFC	A	0.62%	0.26%	0.26%

APUE Overweight 240 Positions Relative to RAVI

Symbol	Grade	Weight
AAPL	C	5.79%
MSFT	F	5.41%
DFAS	A	4.83%
META	D	2.28%
GOOGL	C	1.98%
BRK.A	B	1.84%
TSLA	B	1.68%
GOOG	C	1.63%
AVGO	D	1.41%
LLY	F	1.16%
PG	A	0.99%
XOM	B	0.99%
WMT	A	0.93%
JNJ	D	0.89%
COST	B	0.81%
NFLX	A	0.74%
V	A	0.64%
HD	A	0.59%
MA	C	0.59%
ACN	C	0.58%
INTU	C	0.49%
QCOM	F	0.48%
NOW	A	0.47%
ADBE	C	0.47%
MO	A	0.47%
SPG	B	0.46%
AMD	F	0.45%
DIS	B	0.44%
ISRG	A	0.43%
APH	A	0.43%
ORCL	B	0.42%
KO	D	0.42%
IBM	C	0.42%
AER	B	0.42%
TMUS	B	0.41%
AFL	B	0.41%
ETN	A	0.39%
AXP	A	0.39%
AMAT	F	0.39%
CSCO	B	0.38%
UNP	C	0.38%
AWI	A	0.38%
CHDN	B	0.38%
BK	A	0.37%
MUSA	A	0.37%
WTM	A	0.37%
LOW	D	0.35%
MRK	F	0.35%
PH	A	0.33%
MDT	D	0.33%
FI	A	0.33%
LIN	D	0.33%
TJX	A	0.32%
PEP	F	0.32%
ENTG	D	0.31%
DECK	A	0.31%
CTAS	B	0.31%
HCA	F	0.31%
HON	B	0.3%
EQR	B	0.3%
BLK	C	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%
GWW	B	0.27%
AXTA	A	0.27%
SHW	A	0.27%
PGR	A	0.26%
ZBRA	B	0.26%
URI	B	0.26%
SPGI	C	0.26%
WAT	B	0.26%
VICI	C	0.25%
ABT	B	0.25%
THG	A	0.25%
BX	A	0.25%
L	A	0.25%
LW	C	0.25%
PM	B	0.25%
PFE	D	0.25%
MAS	D	0.24%
COP	C	0.24%
ANET	C	0.24%
MCD	D	0.23%
JKHY	D	0.23%
NEU	C	0.23%
CACC	D	0.23%
CWST	A	0.22%
QLYS	C	0.22%
VRTX	F	0.21%
KKR	A	0.21%
RTX	C	0.21%
DASH	A	0.2%
LRCX	F	0.2%
KLAC	D	0.19%
TTC	D	0.19%
ESI	A	0.19%
WAB	B	0.18%
FR	C	0.18%
PLD	D	0.18%
FDX	B	0.18%
AMGN	D	0.18%
NI	A	0.18%
REGN	F	0.18%
ADP	B	0.17%
TT	A	0.17%
CBOE	B	0.17%
PANW	C	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%
FCX	D	0.16%
TGT	F	0.16%
MU	D	0.16%
ESS	B	0.15%
REYN	D	0.15%
LMT	D	0.15%
GRMN	B	0.15%
TXT	D	0.15%
TREX	C	0.15%
CARR	D	0.15%
DE	A	0.15%
COIN	C	0.15%
WY	D	0.14%
UNF	B	0.14%
DOV	A	0.14%
FOX	A	0.14%
MTN	C	0.14%
GEV	B	0.14%
PEG	A	0.14%
DGX	A	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%
ECL	D	0.12%
PCG	A	0.12%
HIG	B	0.12%
CMG	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%
EOG	A	0.11%
MCK	B	0.11%
SYF	B	0.11%
STLD	B	0.11%
CMI	A	0.11%
CAH	B	0.1%
CL	D	0.1%
UPS	C	0.1%
SNPS	B	0.1%
SWKS	F	0.1%
DD	D	0.1%
CNNE	B	0.09%
ZTS	D	0.09%
A	D	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%
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%
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%
EXR	D	0.07%
DVN	F	0.06%
CB	C	0.06%
ROST	C	0.06%
APO	B	0.06%
CTVA	C	0.06%
RBLX	C	0.06%
GD	F	0.06%
ACGL	D	0.06%
MPWR	F	0.06%
CSGP	D	0.06%
SQ	B	0.06%
DAL	C	0.05%
CVNA	B	0.05%
RSG	A	0.05%
NTAP	C	0.05%
GPN	B	0.05%
GEN	B	0.05%
SLB	C	0.05%
IBKR	A	0.05%
IR	B	0.05%
EW	C	0.05%
NWS	B	0.05%
PFG	D	0.04%
FSLR	F	0.04%
NUE	C	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%
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 49 Positions Relative to RAVI

Symbol	Grade	Weight
OGS	A	-1.05%
OTIS	C	-0.95%
KDP	D	-0.95%
LYB	F	-0.83%
TSN	B	-0.7%
WM	A	-0.69%
CM	A	-0.62%
GP	F	-0.59%
TFC	A	-0.59%
SJM	D	-0.57%
AZO	C	-0.52%
BNS	A	-0.52%
D	C	-0.51%
BDX	F	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SCHW	B	-0.42%
VFC	C	-0.39%
OGE	B	-0.39%
ARCC	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
MLM	B	-0.28%
DB	D	-0.28%
CP	D	-0.27%
CLX	B	-0.26%
ATHS	C	-0.26%
AL	B	-0.25%
CMS	C	-0.24%
FIS	C	-0.23%
MCHP	D	-0.22%
FITB	A	-0.22%
NYC	D	-0.21%
CNP	B	-0.2%
SBUX	A	-0.18%
LUV	C	-0.18%
MKC	D	-0.17%
BHF	B	-0.17%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
R	B	-0.08%
HRL	D	-0.07%