APIE vs. DBAW ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

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

$28.65

Average Daily Volume

45,069

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.14

Average Daily Volume

12,179

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	DBAW
30 Days	-4.26%	-2.00%
60 Days	-3.05%	2.34%
90 Days	-2.02%	2.03%
12 Months	15.01%	17.95%

58 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in DBAW	Overlap
ABBV	F	0.36%	0.31%	0.31%
ABEV	D	0.11%	0.03%	0.03%
ASAI	F	0.02%	0.02%	0.02%
ATHM	D	0.03%	0.01%	0.01%
BABA	D	1.24%	0.64%	0.64%
BCH	D	0.06%	0.02%	0.02%
BCS	B	0.82%	0.16%	0.16%
BEKE	C	0.07%	0.05%	0.05%
BGNE	D	0.11%	0.04%	0.04%
BIDU	F	0.06%	0.09%	0.06%
BILI	C	0.03%	0.02%	0.02%
BRFS	D	0.02%	0.01%	0.01%
BVN	F	0.01%	0.01%	0.01%
BZ	F	0.02%	0.01%	0.01%
CHKP	C	0.27%	0.05%	0.05%
CHT	D	0.08%	0.05%	0.05%
DEO	F	0.7%	0.23%	0.23%
DOOO	F	0.13%	0.01%	0.01%
E	F	0.31%	0.12%	0.12%
ERJ	B	0.12%	0.02%	0.02%
FUTU	C	0.09%	0.02%	0.02%
GGB	B	0.03%	0.02%	0.02%
GOLD	F	0.05%	0.11%	0.05%
HDB	C	0.97%	0.29%	0.29%
HMC	F	0.56%	0.14%	0.14%
HTHT	C	0.04%	0.03%	0.03%
IBN	C	0.52%	0.26%	0.26%
IQ	F	0.0%	0.0%	0.0%
KB	C	0.22%	0.09%	0.09%
KT	C	0.25%	0.0%	0.0%
LEGN	F	0.01%	0.01%	0.01%
LI	F	0.09%	0.05%	0.05%
LOGI	F	0.24%	0.04%	0.04%
LPL	F	0.02%	0.01%	0.01%
LYG	D	0.43%	0.15%	0.15%
MFG	A	0.38%	0.19%	0.19%
MUFG	A	0.54%	0.44%	0.44%
NIO	F	0.04%	0.02%	0.02%
NMR	B	0.29%	0.06%	0.06%
NVS	F	1.34%	0.72%	0.72%
PDD	F	0.52%	0.3%	0.3%
QFIN	C	0.08%	0.01%	0.01%
SBSW	D	0.0%	0.01%	0.0%
SE	B	0.14%	0.12%	0.12%
SHG	D	0.27%	0.06%	0.06%
SKM	D	0.29%	0.0%	0.0%
SMFG	A	0.55%	0.3%	0.3%
TAL	D	0.03%	0.01%	0.01%
TCOM	C	0.32%	0.13%	0.13%
TEVA	D	0.14%	0.06%	0.06%
TM	F	1.18%	0.63%	0.63%
TME	F	0.04%	0.03%	0.03%
UL	D	1.29%	0.5%	0.5%
UMC	F	0.13%	0.06%	0.06%
VALE	F	0.24%	0.13%	0.13%
VIPS	F	0.06%	0.02%	0.02%
WIT	B	0.14%	0.03%	0.03%
XPEV	C	0.04%	0.03%	0.03%

APIE Overweight 154 Positions Relative to DBAW

Symbol	Grade	Weight
TSM	C	5.96%
SAP	B	1.93%
RELX	D	1.56%
NVO	F	1.42%
HSBC	B	1.2%
AZN	F	1.15%
ASML	D	1.14%
BTI	C	0.9%
BHP	F	0.79%
TAK	D	0.79%
SNY	F	0.76%
RIO	F	0.72%
BP	F	0.7%
GSK	F	0.67%
BUD	F	0.65%
IX	F	0.64%
TTE	F	0.6%
SAN	D	0.53%
NGG	D	0.52%
INFY	C	0.51%
BBVA	F	0.48%
ING	F	0.47%
PHG	F	0.46%
JD	C	0.43%
NWG	B	0.43%
TEF	D	0.38%
IHG	A	0.37%
MT	C	0.35%
ERIC	B	0.34%
AON	B	0.34%
PSO	B	0.33%
NOK	C	0.32%
VOD	F	0.31%
ACN	B	0.3%
HLN	D	0.29%
RDY	F	0.28%
RTO	C	0.27%
SNN	F	0.24%
GLPG	D	0.19%
JHX	D	0.19%
EQNR	D	0.18%
FMS	B	0.18%
ITUB	F	0.17%
PBR	D	0.16%
WPP	B	0.16%
ASX	F	0.16%
CUK	A	0.12%
FINV	C	0.12%
WF	D	0.12%
ZTO	F	0.11%
NTES	C	0.11%
ARGX	B	0.1%
SW	B	0.1%
BBD	F	0.1%
PKX	F	0.1%
CRTO	D	0.1%
GFI	F	0.08%
TS	B	0.08%
WDS	F	0.08%
CIG	C	0.08%
SBS	C	0.08%
HMY	F	0.07%
GRFS	B	0.07%
NICE	C	0.07%
CIB	D	0.07%
NNDM	F	0.06%
PAC	B	0.06%
CCU	F	0.06%
YY	C	0.06%
ASR	D	0.06%
AKO.A	D	0.06%
KOF	F	0.06%
GGAL	B	0.05%
PHI	F	0.05%
IMOS	F	0.05%
ARM	D	0.05%
FMX	F	0.05%
SOHU	F	0.05%
AKO.A	D	0.05%
BNTX	D	0.05%
CX	F	0.05%
GMAB	F	0.05%
YMM	C	0.04%
OPRA	B	0.04%
DRD	C	0.04%
MTLS	B	0.04%
STM	F	0.04%
PAM	A	0.04%
BWAY	C	0.04%
CRESY	A	0.03%
TLK	F	0.03%
DAVA	D	0.03%
EBR	F	0.03%
OMAB	D	0.03%
TX	F	0.03%
VIST	B	0.03%
TKC	C	0.03%
ELP	F	0.02%
IPHA	F	0.02%
BMA	B	0.02%
MREO	D	0.02%
OTLY	F	0.02%
ATAT	C	0.02%
SUPV	A	0.02%
ZLAB	C	0.02%
CANG	B	0.02%
GDS	C	0.02%
ASND	F	0.02%
GNFT	C	0.02%
UGP	F	0.02%
HIMX	F	0.02%
SUZ	B	0.02%
IMMP	D	0.02%
MYTE	C	0.02%
VLRS	B	0.02%
MOMO	C	0.02%
XYF	C	0.02%
ENIC	C	0.02%
BLTE	B	0.02%
YPF	A	0.02%
EDAP	F	0.01%
YALA	C	0.01%
JMIA	F	0.01%
DOYU	C	0.01%
CEPU	A	0.01%
CLLS	F	0.01%
DAO	C	0.01%
MNSO	D	0.01%
BZUN	F	0.01%
TEO	A	0.01%
HUYA	F	0.01%
GRVY	C	0.01%
JFIN	C	0.01%
RERE	D	0.01%
JKS	D	0.01%
TV	D	0.01%
SQM	F	0.01%
VIV	F	0.01%
ADAP	F	0.0%
EVO	C	0.0%
HCM	F	0.0%
CNF	F	0.0%
SSL	F	0.0%
ORAN	F	0.0%
HEPS	C	0.0%
AZUL	F	0.0%
RLX	D	0.0%
TOUR	C	0.0%
SIMO	D	0.0%
DADA	D	0.0%
YRD	C	0.0%
DDL	B	0.0%
KC	B	0.0%
EH	C	0.0%

APIE Underweight 29 Positions Relative to DBAW

Symbol	Grade	Weight
HSBH	A	-0.58%
SONY	C	-0.39%
SHOP	B	-0.35%
TD	D	-0.34%
CNI	F	-0.2%
NU	B	-0.15%
STLA	F	-0.1%
AER	B	-0.07%
YUMC	C	-0.07%
XRX	F	-0.05%
CCEP	C	-0.05%
RBA	B	-0.05%
QGEN	D	-0.04%
MNDY	C	-0.04%
BAP	A	-0.04%
CYBR	B	-0.04%
OTEX	F	-0.03%
GRAB	B	-0.03%
WIX	B	-0.03%
SCCO	F	-0.03%
KEP	B	-0.02%
WFG	C	-0.02%
AGCO	F	-0.02%
XP	F	-0.02%
CSAN	F	-0.01%
STNE	F	-0.01%
GLBE	B	-0.01%
MBAVU	C	-0.01%
PAGS	F	-0.0%