APIE vs. BIV ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Vanguard Intermediate-Term Bond ETF (BIV)

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

$28.66

Average Daily Volume

46,892

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.55

Average Daily Volume

1,242,158

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	APIE	BIV
30 Days	-5.51%	-1.71%
60 Days	-4.00%	-3.41%
90 Days	-2.07%	-1.99%
12 Months	13.78%	6.68%

15 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in BIV	Overlap
ABBV	F	0.37%	0.05%	0.05%
AON	A	0.34%	0.01%	0.01%
AZN	F	1.25%	0.01%	0.01%
BABA	D	1.19%	0.03%	0.03%
BIDU	F	0.05%	0.01%	0.01%
EQNR	D	0.19%	0.01%	0.01%
GSK	F	0.66%	0.02%	0.02%
HSBC	A	1.18%	0.01%	0.01%
JD	D	0.38%	0.01%	0.01%
KOF	F	0.06%	0.03%	0.03%
MUFG	A	0.58%	0.02%	0.02%
NWG	A	0.43%	0.02%	0.02%
TME	C	0.04%	0.01%	0.01%
VOD	D	0.3%	0.02%	0.02%
WIT	B	0.14%	0.35%	0.14%

APIE Overweight 197 Positions Relative to BIV

Symbol	Grade	Weight
TSM	B	5.96%
SAP	B	1.98%
RELX	D	1.54%
NVO	F	1.45%
NVS	D	1.33%
UL	D	1.28%
ASML	F	1.22%
TM	D	1.2%
HDB	C	0.96%
BTI	C	0.92%
BCS	A	0.81%
TAK	D	0.79%
BHP	F	0.75%
DEO	F	0.72%
SNY	D	0.72%
BP	D	0.69%
RIO	F	0.68%
IX	D	0.66%
BUD	F	0.65%
TTE	F	0.6%
SMFG	A	0.59%
SAN	C	0.53%
HMC	F	0.53%
INFY	D	0.53%
NGG	D	0.52%
IBN	C	0.51%
PDD	F	0.5%
BBVA	D	0.49%
ING	D	0.46%
PHG	F	0.46%
LYG	C	0.44%
MFG	A	0.41%
IHG	A	0.39%
TEF	C	0.37%
MT	B	0.35%
ERIC	B	0.34%
PSO	B	0.33%
NOK	B	0.32%
E	D	0.31%
ACN	C	0.31%
CHKP	D	0.31%
NMR	B	0.3%
HLN	D	0.29%
TCOM	B	0.29%
SKM	D	0.29%
SHG	D	0.28%
RDY	D	0.27%
SNN	D	0.26%
RTO	C	0.26%
LOGI	F	0.25%
KT	C	0.25%
VALE	F	0.23%
KB	B	0.22%
JHX	C	0.21%
GLPG	F	0.2%
FMS	A	0.19%
PBR	C	0.17%
ITUB	D	0.16%
ASX	D	0.16%
SE	B	0.15%
WPP	B	0.15%
TEVA	D	0.14%
DOOO	F	0.13%
UMC	F	0.13%
ERJ	A	0.13%
ABEV	F	0.12%
CRTO	D	0.12%
NTES	C	0.12%
CUK	A	0.12%
WF	C	0.12%
FINV	C	0.11%
BBD	D	0.1%
ARGX	B	0.1%
ZTO	F	0.1%
BGNE	D	0.1%
SBS	C	0.09%
PKX	F	0.09%
NICE	C	0.08%
GRFS	C	0.08%
WDS	F	0.08%
TS	A	0.08%
SW	A	0.08%
FUTU	C	0.08%
CHT	C	0.08%
LI	F	0.08%
CIG	C	0.08%
GFI	F	0.07%
QFIN	B	0.07%
CIB	B	0.07%
CCU	D	0.06%
NNDM	F	0.06%
PAC	A	0.06%
AKO.A	F	0.06%
ASR	D	0.06%
VIPS	F	0.06%
HMY	D	0.06%
YY	C	0.06%
BEKE	C	0.06%
BCH	D	0.06%
GGAL	A	0.05%
ARM	F	0.05%
MTLS	B	0.05%
SOHU	F	0.05%
XPEV	C	0.05%
PAM	A	0.05%
FMX	F	0.05%
GOLD	F	0.05%
CX	F	0.05%
BNTX	D	0.05%
GMAB	F	0.05%
AKO.A	F	0.05%
HTHT	C	0.04%
DRD	D	0.04%
YMM	D	0.04%
TKC	B	0.04%
OPRA	A	0.04%
BWAY	C	0.04%
STM	F	0.04%
PHI	F	0.04%
IMOS	F	0.04%
ATHM	C	0.03%
IMMP	D	0.03%
BLTE	A	0.03%
VLRS	B	0.03%
TLK	F	0.03%
CRESY	A	0.03%
BILI	C	0.03%
EBR	F	0.03%
YPF	A	0.03%
TX	F	0.03%
GGB	B	0.03%
OMAB	F	0.03%
VIST	A	0.03%
NIO	F	0.03%
DAVA	D	0.03%
MREO	F	0.02%
BMA	A	0.02%
ELP	F	0.02%
ZLAB	C	0.02%
GNFT	D	0.02%
LPL	F	0.02%
BZ	F	0.02%
ATAT	A	0.02%
ASAI	F	0.02%
UGP	F	0.02%
SUPV	A	0.02%
ASND	F	0.02%
HIMX	F	0.02%
GDS	A	0.02%
BRFS	D	0.02%
XYF	C	0.02%
SUZ	B	0.02%
MOMO	D	0.02%
MYTE	C	0.02%
TAL	D	0.02%
CANG	C	0.02%
ENIC	C	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	C	0.01%
DOYU	C	0.01%
MNSO	C	0.01%
BZUN	F	0.01%
DAO	C	0.01%
CEPU	A	0.01%
HUYA	F	0.01%
CLLS	D	0.01%
JKS	F	0.01%
LEGN	F	0.01%
TV	F	0.01%
GRVY	C	0.01%
RERE	D	0.01%
OTLY	F	0.01%
JFIN	C	0.01%
TEO	A	0.01%
BVN	D	0.01%
IPHA	F	0.01%
SQM	D	0.01%
VIV	F	0.01%
ADAP	F	0.0%
EVO	C	0.0%
HCM	F	0.0%
SSL	F	0.0%
CNF	F	0.0%
ORAN	D	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	F	0.0%
YRD	C	0.0%
DDL	B	0.0%
EH	C	0.0%
SBSW	D	0.0%
KC	B	0.0%

APIE Underweight 469 Positions Relative to BIV

Symbol	Grade	Weight
DT	C	-0.11%
MSFT	D	-0.1%
AXP	B	-0.05%
DD	D	-0.05%
BIIB	F	-0.04%
MS	A	-0.04%
WFC	A	-0.04%
TMUS	A	-0.04%
CB	C	-0.03%
DLTR	F	-0.03%
SLB	C	-0.03%
RJF	A	-0.03%
CAH	A	-0.03%
BWA	B	-0.03%
BMO	B	-0.03%
ESGR	B	-0.03%
NOW	B	-0.03%
TSN	A	-0.03%
NVDA	B	-0.03%
LVS	B	-0.02%
NI	A	-0.02%
LRCX	F	-0.02%
LMT	D	-0.02%
MRO	A	-0.02%
INVH	D	-0.02%
KLAC	F	-0.02%
EOG	A	-0.02%
EBAY	D	-0.02%
CTAS	B	-0.02%
BR	A	-0.02%
ADI	D	-0.02%
CPB	D	-0.02%
UHS	D	-0.02%
XRAY	F	-0.02%
QRVO	F	-0.02%
MOS	D	-0.02%
MET	A	-0.02%
LDOS	C	-0.02%
MTB	A	-0.02%
HST	D	-0.02%
HPQ	A	-0.02%
HIG	A	-0.02%
HAL	C	-0.02%
EFX	F	-0.02%
DAL	A	-0.02%
EA	A	-0.02%
DXC	D	-0.02%
DOX	D	-0.02%
ETN	B	-0.02%
BC	D	-0.02%
CNO	A	-0.02%
ADP	B	-0.02%
ADM	D	-0.02%
CHRW	A	-0.02%
ARCC	A	-0.02%
AAP	C	-0.02%
AMG	A	-0.02%
TEL	C	-0.02%
SYK	A	-0.02%
SYF	B	-0.02%
VRSN	F	-0.02%
ZBH	C	-0.02%
TRMB	B	-0.02%
PGR	B	-0.02%
RL	B	-0.02%
DOC	D	-0.02%
REGN	F	-0.02%
ADBE	F	-0.02%
MCD	D	-0.02%
DLR	A	-0.02%
NEM	F	-0.02%
MU	D	-0.02%
WAB	B	-0.02%
WY	D	-0.02%
PH	B	-0.02%
EXPE	A	-0.02%
GD	D	-0.02%
PYPL	A	-0.02%
CHTR	B	-0.02%
CRM	B	-0.02%
DFS	B	-0.02%
CAG	F	-0.02%
SYY	B	-0.02%
MPLX	A	-0.02%
VTRS	A	-0.02%
ET	A	-0.02%
MMC	C	-0.02%
BSX	A	-0.02%
GOOGL	B	-0.02%
QCOM	F	-0.02%
MRK	F	-0.02%
HCA	F	-0.02%
FOXA	B	-0.02%
CARR	D	-0.02%
NOC	D	-0.02%
GE	D	-0.02%
AMZN	B	-0.02%
WTFC	A	-0.01%
SKT	A	-0.01%
RS	B	-0.01%
ROST	D	-0.01%
PWR	A	-0.01%
REXR	F	-0.01%
SAVE	F	-0.01%
GBDC	A	-0.01%
ALLE	D	-0.01%
AXS	A	-0.01%
AVT	C	-0.01%
CMA	B	-0.01%
CHD	A	-0.01%
CE	F	-0.01%
CBT	C	-0.01%
THG	A	-0.01%
UNM	A	-0.01%
NOV	D	-0.01%
NDAQ	A	-0.01%
OGS	A	-0.01%
IFF	F	-0.01%
L	A	-0.01%
JCI	A	-0.01%
KMT	B	-0.01%
KMPR	A	-0.01%
EPRT	C	-0.01%
VNO	C	-0.01%
WU	F	-0.01%
TKR	F	-0.01%
WLK	F	-0.01%
PNW	A	-0.01%
SNA	A	-0.01%
RNR	D	-0.01%
SF	A	-0.01%
PSEC	F	-0.01%
DOV	B	-0.01%
AFG	A	-0.01%
APTV	F	-0.01%
WBS	A	-0.01%
LII	A	-0.01%
OCSL	D	-0.01%
MDT	D	-0.01%
MCY	A	-0.01%
PDM	D	-0.01%
MP	B	-0.01%
KRG	B	-0.01%
EMN	C	-0.01%
FSK	A	-0.01%
LXP	D	-0.01%
OSK	B	-0.01%
MKL	A	-0.01%
OPI	F	-0.01%
BEN	C	-0.01%
BDN	D	-0.01%
AMH	C	-0.01%
WEC	A	-0.01%
WB	D	-0.01%
ZION	A	-0.01%
VRSK	B	-0.01%
VNT	C	-0.01%
WPC	D	-0.01%
R	B	-0.01%
SITC	D	-0.01%
PKG	B	-0.01%
RPM	A	-0.01%
PHM	D	-0.01%
PFG	A	-0.01%
SCS	B	-0.01%
SAFE	F	-0.01%
PPG	D	-0.01%
SON	D	-0.01%
SNX	C	-0.01%
FMC	F	-0.01%
FLS	A	-0.01%
FLO	D	-0.01%
EW	C	-0.01%
BBY	D	-0.01%
ALL	A	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
CMI	A	-0.01%
CME	A	-0.01%
AVB	B	-0.01%
AGR	A	-0.01%
AGO	A	-0.01%
ATO	A	-0.01%
CINF	A	-0.01%
AEE	A	-0.01%
ARW	D	-0.01%
ADC	A	-0.01%
ACGL	D	-0.01%
BKU	A	-0.01%
AAT	C	-0.01%
OGE	A	-0.01%
NVT	C	-0.01%
MCO	D	-0.01%
NUE	D	-0.01%
GPC	D	-0.01%
GP	F	-0.01%
HR	C	-0.01%
HP	C	-0.01%
INTU	B	-0.01%
HIW	D	-0.01%
GILD	B	-0.01%
IEX	B	-0.01%
GXO	B	-0.01%
EPR	D	-0.01%
DHR	F	-0.01%
DHI	F	-0.01%
FTNT	B	-0.01%
FRT	C	-0.01%
STE	D	-0.01%
WTRG	B	-0.01%
RYN	D	-0.01%
ROK	B	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
REG	A	-0.01%
PRE	C	-0.01%
MAS	D	-0.01%
NHI	D	-0.01%
NEU	D	-0.01%
MLM	B	-0.01%
MHK	D	-0.01%
LIN	D	-0.01%
CNH	C	-0.01%
AYI	B	-0.01%
BRO	B	-0.01%
BNS	A	-0.01%
BKH	A	-0.01%
AAL	B	-0.01%
BERY	C	-0.01%
AMCR	D	-0.01%
CP	F	-0.01%
UDR	C	-0.01%
WBA	F	-0.01%
TD	D	-0.01%
TSCO	D	-0.01%
SWX	A	-0.01%
SWKS	F	-0.01%
VOYA	A	-0.01%
XYL	D	-0.01%
VMC	B	-0.01%
KEX	A	-0.01%
ITW	B	-0.01%
HUBB	B	-0.01%
HSY	F	-0.01%
HPP	F	-0.01%
JNPR	D	-0.01%
ILMN	C	-0.01%
KSS	F	-0.01%
KRC	C	-0.01%
EIX	C	-0.01%
DVN	F	-0.01%
CTVA	D	-0.01%
FAF	C	-0.01%
EXR	C	-0.01%
DRI	B	-0.01%
DSS	F	-0.01%
NFG	A	-0.01%
LLY	F	-0.01%
OC	A	-0.01%
LEG	F	-0.01%
NVR	D	-0.01%
MRVL	B	-0.01%
NSC	B	-0.01%
KIM	A	-0.01%
MAA	A	-0.01%
ORLY	B	-0.01%
LNT	A	-0.01%
OMC	C	-0.01%
LAZ	B	-0.01%
NTRS	A	-0.01%
KEYS	C	-0.01%
K	B	-0.01%
HUN	F	-0.01%
HRB	D	-0.01%
IPG	F	-0.01%
INGR	B	-0.01%
HII	F	-0.01%
HBAN	A	-0.01%
JBL	C	-0.01%
KR	B	-0.01%
EMR	A	-0.01%
DGX	A	-0.01%
DE	C	-0.01%
ED	D	-0.01%
CUBE	C	-0.01%
FLEX	B	-0.01%
DOW	F	-0.01%
FITB	A	-0.01%
AL	A	-0.01%
CNP	A	-0.01%
CMS	C	-0.01%
AVY	D	-0.01%
ADSK	B	-0.01%
CFG	A	-0.01%
APD	A	-0.01%
UPS	C	-0.01%
TGT	C	-0.01%
WELL	A	-0.01%
TXT	D	-0.01%
TT	A	-0.01%
SUI	D	-0.01%
VFC	C	-0.01%
TJX	A	-0.01%
WM	B	-0.01%
PM	A	-0.01%
SJM	D	-0.01%
RPRX	F	-0.01%
ROP	C	-0.01%
PSA	C	-0.01%
SO	C	-0.01%
NNN	C	-0.01%
LNC	B	-0.01%
LH	B	-0.01%
LEA	F	-0.01%
NTAP	D	-0.01%
MPC	C	-0.01%
KEY	A	-0.01%
HUM	D	-0.01%
GLPI	C	-0.01%
GL	B	-0.01%
JEF	A	-0.01%
HAS	D	-0.01%
H	B	-0.01%
KMB	C	-0.01%
ESS	A	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EL	F	-0.01%
FNF	C	-0.01%
CSL	C	-0.01%
EVRG	A	-0.01%
ETR	A	-0.01%
AZO	A	-0.01%
CNA	C	-0.01%
AWK	C	-0.01%
CLX	A	-0.01%
BRX	A	-0.01%
AES	F	-0.01%
A	F	-0.01%
BG	D	-0.01%
CBOE	C	-0.01%
AN	D	-0.01%
TXN	B	-0.01%
VTR	C	-0.01%
SWK	F	-0.01%
ZTS	D	-0.01%
STLD	B	-0.01%
PSX	C	-0.01%
RGA	A	-0.01%
SPGI	C	-0.01%
AFL	C	-0.01%
AER	C	-0.01%
BLK	A	-0.01%
BK	A	-0.01%
BHF	B	-0.01%
APH	B	-0.01%
CCI	C	-0.01%
AMAT	F	-0.01%
LEN	D	-0.01%
MSI	A	-0.01%
GPN	B	-0.01%
GIS	D	-0.01%
ICE	C	-0.01%
EQIX	A	-0.01%
FDX	A	-0.01%
ECL	D	-0.01%
NKE	F	-0.01%
PAA	A	-0.01%
MKC	D	-0.01%
MA	A	-0.01%
LYB	F	-0.01%
MMM	D	-0.01%
OHI	C	-0.01%
O	D	-0.01%
NXPI	F	-0.01%
HRL	F	-0.01%
UNP	D	-0.01%
TDY	B	-0.01%
STT	A	-0.01%
VLO	C	-0.01%
TMO	F	-0.01%
WEST	D	-0.01%
WHR	A	-0.01%
PLD	D	-0.01%
RSG	B	-0.01%
PG	C	-0.01%
FANG	C	-0.01%
CSX	B	-0.01%
BXP	D	-0.01%
XEL	A	-0.01%
SRE	A	-0.01%
PRU	A	-0.01%
PEG	C	-0.01%
SBUX	A	-0.01%
SPG	A	-0.01%
AEP	C	-0.01%
GM	B	-0.01%
EQH	B	-0.01%
DTE	C	-0.01%
FIS	A	-0.01%
CAT	B	-0.01%
STZ	D	-0.01%
EPD	A	-0.01%
DG	F	-0.01%
DB	C	-0.01%
COF	B	-0.01%
MO	A	-0.01%
OTIS	C	-0.01%
OKE	A	-0.01%
LHX	B	-0.01%
MDLZ	F	-0.01%
KDP	F	-0.01%
WMB	A	-0.01%
V	A	-0.01%
SHW	C	-0.01%
PEP	F	-0.01%
DUK	C	-0.01%
EXC	C	-0.01%
AMT	D	-0.01%
COP	B	-0.01%
USB	A	-0.01%
HON	A	-0.01%
JNJ	D	-0.01%
HD	A	-0.01%
D	C	-0.01%
CVX	A	-0.01%
MAR	A	-0.01%
LUV	A	-0.01%
CPT	D	-0.01%
AMGN	F	-0.01%
TFC	A	-0.01%
PFE	F	-0.01%
SCHW	A	-0.01%
BKNG	A	-0.01%
ARE	F	-0.01%
ABT	A	-0.01%
INTC	C	-0.01%
HES	B	-0.01%
KO	D	-0.01%
PNC	A	-0.01%
DIS	B	-0.01%
LOW	A	-0.01%
UNH	B	-0.01%
AIG	A	-0.01%
KMI	A	-0.01%
WMT	A	-0.01%
AAPL	C	-0.01%
BDX	F	-0.01%
DELL	B	-0.01%
NEE	C	-0.01%
XOM	A	-0.01%
CI	D	-0.01%
COST	B	-0.01%
RTX	D	-0.01%
IBM	D	-0.01%
UAL	A	-0.01%
ORCL	A	-0.01%
PCG	A	-0.01%
AVGO	C	-0.01%
CVS	D	-0.01%
GS	A	-0.01%
T	A	-0.01%
JPM	A	-0.01%
VZ	C	-0.01%
BMY	B	-0.01%
CMCSA	B	-0.01%
BA	F	-0.01%
C	A	-0.01%
BAC	A	-0.01%