APIE vs. CVAR ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Cultivar ETF (CVAR)

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

$28.80

Average Daily Volume

47,382

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.33

Average Daily Volume

503

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	CVAR
30 Days	-4.19%	0.42%
60 Days	-3.36%	1.40%
90 Days	-3.32%	4.56%
12 Months	11.90%	19.10%

6 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in CVAR	Overlap
BABA	D	1.19%	0.96%	0.96%
BP	D	0.69%	0.68%	0.68%
FMS	A	0.19%	1.08%	0.19%
GOLD	C	0.05%	1.07%	0.05%
SQM	D	0.01%	0.47%	0.01%
SW	A	0.08%	0.9%	0.08%

APIE Overweight 206 Positions Relative to CVAR

Symbol	Grade	Weight
TSM	B	5.96%
SAP	B	1.98%
RELX	D	1.54%
NVO	F	1.45%
NVS	F	1.33%
UL	D	1.28%
AZN	F	1.25%
ASML	F	1.22%
TM	F	1.2%
HSBC	A	1.18%
HDB	C	0.96%
BTI	B	0.92%
BCS	A	0.81%
TAK	D	0.79%
BHP	F	0.75%
DEO	F	0.72%
SNY	F	0.72%
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	D	0.53%
HMC	F	0.53%
INFY	C	0.53%
NGG	D	0.52%
IBN	C	0.51%
PDD	F	0.5%
BBVA	D	0.49%
ING	F	0.46%
PHG	C	0.46%
LYG	D	0.44%
NWG	A	0.43%
MFG	A	0.41%
IHG	A	0.39%
JD	D	0.38%
ABBV	F	0.37%
TEF	C	0.37%
MT	B	0.35%
ERIC	C	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	D	0.32%
E	F	0.31%
ACN	B	0.31%
CHKP	C	0.31%
VOD	F	0.3%
NMR	B	0.3%
HLN	C	0.29%
TCOM	B	0.29%
SKM	C	0.29%
SHG	C	0.28%
RDY	F	0.27%
SNN	D	0.26%
RTO	C	0.26%
LOGI	D	0.25%
KT	A	0.25%
VALE	F	0.23%
KB	B	0.22%
JHX	D	0.21%
GLPG	F	0.2%
EQNR	C	0.19%
PBR	D	0.17%
ITUB	F	0.16%
ASX	D	0.16%
SE	A	0.15%
WPP	C	0.15%
WIT	B	0.14%
TEVA	C	0.14%
DOOO	F	0.13%
UMC	F	0.13%
ERJ	A	0.13%
ABEV	F	0.12%
CRTO	D	0.12%
NTES	D	0.12%
CUK	A	0.12%
WF	C	0.12%
FINV	B	0.11%
BBD	D	0.1%
ARGX	B	0.1%
ZTO	F	0.1%
BGNE	D	0.1%
SBS	B	0.09%
PKX	D	0.09%
NICE	D	0.08%
GRFS	C	0.08%
WDS	D	0.08%
TS	B	0.08%
FUTU	D	0.08%
CHT	C	0.08%
LI	F	0.08%
CIG	C	0.08%
GFI	D	0.07%
QFIN	A	0.07%
CIB	B	0.07%
CCU	D	0.06%
NNDM	D	0.06%
PAC	B	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
ASR	D	0.06%
VIPS	F	0.06%
HMY	D	0.06%
YY	B	0.06%
BEKE	D	0.06%
BCH	C	0.06%
GGAL	B	0.05%
ARM	F	0.05%
MTLS	A	0.05%
SOHU	F	0.05%
XPEV	C	0.05%
PAM	A	0.05%
FMX	F	0.05%
CX	F	0.05%
BNTX	C	0.05%
GMAB	F	0.05%
AKO.A	F	0.05%
BIDU	F	0.05%
HTHT	D	0.04%
DRD	D	0.04%
YMM	C	0.04%
TKC	B	0.04%
OPRA	B	0.04%
BWAY	B	0.04%
TME	D	0.04%
STM	F	0.04%
PHI	D	0.04%
IMOS	F	0.04%
ATHM	C	0.03%
IMMP	F	0.03%
BLTE	B	0.03%
VLRS	B	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%
GGB	C	0.03%
OMAB	D	0.03%
VIST	B	0.03%
NIO	F	0.03%
DAVA	C	0.03%
MREO	F	0.02%
BMA	C	0.02%
ELP	F	0.02%
ZLAB	C	0.02%
GNFT	F	0.02%
LPL	D	0.02%
BZ	F	0.02%
ATAT	C	0.02%
ASAI	F	0.02%
UGP	F	0.02%
SUPV	B	0.02%
ASND	F	0.02%
HIMX	F	0.02%
GDS	C	0.02%
BRFS	C	0.02%
XYF	D	0.02%
SUZ	B	0.02%
MOMO	D	0.02%
MYTE	B	0.02%
TAL	F	0.02%
CANG	B	0.02%
ENIC	B	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	D	0.01%
DOYU	C	0.01%
MNSO	D	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	D	0.01%
TV	F	0.01%
GRVY	C	0.01%
RERE	C	0.01%
OTLY	F	0.01%
JFIN	F	0.01%
TEO	B	0.01%
BVN	D	0.01%
IPHA	D	0.01%
VIV	F	0.01%
ADAP	F	0.0%
EVO	C	0.0%
HCM	D	0.0%
SSL	F	0.0%
CNF	F	0.0%
ORAN	F	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	D	0.0%
YRD	F	0.0%
DDL	C	0.0%
EH	D	0.0%
SBSW	D	0.0%
KC	B	0.0%

APIE Underweight 70 Positions Relative to CVAR

Symbol	Grade	Weight
CLB	B	-5.62%
NWN	A	-5.43%
LUV	C	-5.42%
MKTX	D	-5.06%
NEM	D	-4.08%
PRLB	B	-3.46%
HCSG	C	-2.94%
VEEV	C	-1.84%
PAYC	B	-1.74%
GPN	B	-1.66%
MKC	C	-1.62%
INTC	C	-1.47%
MDT	D	-1.37%
HUM	C	-1.36%
JNJ	C	-1.26%
ES	C	-1.21%
HRL	D	-1.2%
QRVO	F	-1.16%
DEI	B	-1.15%
TSN	B	-1.13%
ABT	B	-1.11%
WU	F	-1.08%
C	A	-1.07%
CLX	A	-1.05%
WKC	C	-1.03%
EW	C	-1.02%
ZTS	D	-1.02%
G	B	-1.02%
KMB	C	-1.02%
POR	C	-1.01%
HAS	D	-1.01%
PRGO	C	-1.0%
NKE	F	-1.0%
TFC	A	-0.99%
ANSS	B	-0.92%
ARE	F	-0.91%
DG	F	-0.91%
SWKS	F	-0.9%
SJM	D	-0.89%
CVS	D	-0.89%
INDB	B	-0.87%
CMCSA	B	-0.81%
FMC	D	-0.81%
CGNX	D	-0.81%
AAP	D	-0.79%
KRC	B	-0.7%
BMY	B	-0.65%
INGN	C	-0.64%
PYPL	B	-0.63%
WHR	B	-0.61%
MNRO	D	-0.6%
OGS	A	-0.57%
MCHP	F	-0.57%
IDA	A	-0.55%
ILMN	C	-0.55%
ADSK	A	-0.55%
ESRT	C	-0.55%
PARA	C	-0.54%
LTC	B	-0.53%
CTSH	B	-0.52%
ZBH	C	-0.52%
JBT	B	-0.5%
MMM	D	-0.49%
SCS	C	-0.48%
PDM	D	-0.48%
RDUS	B	-0.47%
PFE	F	-0.46%
CCI	C	-0.42%
CMP	C	-0.34%
WBD	B	-0.18%