GEM vs. APIE ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Trust for Professional Managers ActivePassive International Equity ETF (APIE)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	GEM	APIE
30 Days	-3.80%	-2.88%
60 Days	-1.37%	-2.78%
90 Days	-1.13%	-2.72%
12 Months	12.15%	12.60%

32 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in APIE	Overlap
ABEV	F	0.07%	0.12%	0.07%
ASAI	F	0.04%	0.02%	0.02%
ATHM	D	0.07%	0.03%	0.03%
BABA	D	1.93%	1.19%	1.19%
BCH	F	0.09%	0.06%	0.06%
BEKE	D	0.05%	0.06%	0.05%
BGNE	D	0.11%	0.1%	0.1%
BIDU	F	0.15%	0.05%	0.05%
BRFS	D	0.04%	0.02%	0.02%
BVN	F	0.03%	0.01%	0.01%
BZ	F	0.03%	0.02%	0.02%
CHT	D	0.06%	0.08%	0.06%
ERJ	B	0.05%	0.13%	0.05%
GGB	C	0.09%	0.03%	0.03%
HDB	C	0.46%	0.96%	0.46%
IBN	C	0.8%	0.51%	0.51%
IQ	F	0.03%	0.0%	0.0%
KB	B	0.27%	0.22%	0.22%
KT	A	0.09%	0.25%	0.09%
LI	F	0.06%	0.08%	0.06%
LPL	F	0.04%	0.02%	0.02%
PDD	F	0.75%	0.5%	0.5%
QFIN	B	0.2%	0.07%	0.07%
SHG	D	0.2%	0.28%	0.2%
SKM	D	0.22%	0.29%	0.22%
TAL	F	0.06%	0.02%	0.02%
TCOM	B	0.18%	0.29%	0.18%
TME	D	0.1%	0.04%	0.04%
UMC	F	0.18%	0.13%	0.13%
VALE	F	0.41%	0.23%	0.23%
VIPS	F	0.2%	0.06%	0.06%
WIT	A	0.21%	0.14%	0.14%

GEM Overweight 8 Positions Relative to APIE

Symbol	Grade	Weight
YUMC	C	0.24%
NU	C	0.14%
SCCO	F	0.09%
BAP	B	0.08%
XP	F	0.05%
KEP	B	0.04%
CSAN	F	0.04%
PAGS	F	0.03%

GEM Underweight 180 Positions Relative to APIE

Symbol	Grade	Weight
TSM	B	-5.96%
SAP	B	-1.98%
RELX	C	-1.54%
NVO	D	-1.45%
NVS	D	-1.33%
UL	D	-1.28%
AZN	D	-1.25%
ASML	F	-1.22%
TM	D	-1.2%
HSBC	B	-1.18%
BTI	B	-0.92%
BCS	C	-0.81%
TAK	F	-0.79%
BHP	F	-0.75%
DEO	F	-0.72%
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%
SMFG	B	-0.59%
MUFG	B	-0.58%
SAN	F	-0.53%
HMC	F	-0.53%
INFY	B	-0.53%
NGG	D	-0.52%
BBVA	F	-0.49%
ING	F	-0.46%
PHG	D	-0.46%
LYG	F	-0.44%
NWG	C	-0.43%
MFG	B	-0.41%
IHG	A	-0.39%
JD	D	-0.38%
ABBV	D	-0.37%
TEF	D	-0.37%
MT	B	-0.35%
ERIC	B	-0.34%
AON	A	-0.34%
PSO	B	-0.33%
NOK	D	-0.32%
E	F	-0.31%
ACN	C	-0.31%
CHKP	D	-0.31%
VOD	F	-0.3%
NMR	B	-0.3%
HLN	D	-0.29%
RDY	F	-0.27%
SNN	D	-0.26%
RTO	C	-0.26%
LOGI	D	-0.25%
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%
SE	B	-0.15%
WPP	B	-0.15%
TEVA	D	-0.14%
DOOO	F	-0.13%
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%
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%
CIG	C	-0.08%
GFI	D	-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%
HMY	D	-0.06%
YY	C	-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%
HTHT	D	-0.04%
DRD	D	-0.04%
YMM	C	-0.04%
TKC	C	-0.04%
OPRA	A	-0.04%
BWAY	B	-0.04%
STM	F	-0.04%
PHI	D	-0.04%
IMOS	F	-0.04%
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%
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%
ATAT	C	-0.02%
UGP	F	-0.02%
SUPV	B	-0.02%
ASND	D	-0.02%
HIMX	F	-0.02%
GDS	C	-0.02%
XYF	D	-0.02%
SUZ	C	-0.02%
MOMO	D	-0.02%
MYTE	B	-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%
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%
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%