APIE vs. DBEU ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to db X-Trackers MSCI Europe Hedged Equity Fund (DBEU)

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

$28.90

Average Daily Volume

43,824

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

DBEU

db X-Trackers MSCI Europe Hedged Equity Fund

DBEU Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Europe US Dollar Hedged Index. The fund will normally invest at least 80% of its net assets in equity securities of issuers from Europe and in instruments designed to hedge the fund's exposure to non-U.S. currencies. It will invest at least 80% of its total assets in instruments that comprise the index. The index is designed to provide exposure to equity securities in developed stock markets in Europe, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies.

Grade (RS Rating)

Last Trade

$40.88

Average Daily Volume

44,604

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	DBEU
30 Days	-4.90%	-3.63%
60 Days	-2.20%	-2.06%
90 Days	0.35%	-0.78%
12 Months	18.06%	15.53%

8 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in DBEU	Overlap
ABBV	D	0.36%	0.8%	0.36%
BCS	B	0.82%	0.44%	0.44%
DEO	F	0.7%	0.59%	0.59%
E	F	0.31%	0.31%	0.31%
LOGI	F	0.24%	0.11%	0.11%
LYG	D	0.43%	0.39%	0.39%
NVS	F	1.34%	1.88%	1.34%
UL	D	1.29%	1.32%	1.29%

APIE Overweight 204 Positions Relative to DBEU

Symbol	Grade	Weight
TSM	C	5.96%
SAP	C	1.93%
RELX	D	1.56%
NVO	F	1.42%
BABA	D	1.24%
HSBC	C	1.2%
TM	D	1.18%
AZN	F	1.15%
ASML	F	1.14%
HDB	C	0.97%
BTI	D	0.9%
BHP	F	0.79%
TAK	F	0.79%
SNY	F	0.76%
RIO	F	0.72%
BP	F	0.7%
GSK	F	0.67%
BUD	F	0.65%
IX	D	0.64%
TTE	F	0.6%
HMC	F	0.56%
SMFG	B	0.55%
MUFG	A	0.54%
SAN	D	0.53%
IBN	C	0.52%
NGG	F	0.52%
PDD	F	0.52%
INFY	D	0.51%
BBVA	F	0.48%
ING	F	0.47%
PHG	D	0.46%
JD	C	0.43%
NWG	B	0.43%
MFG	B	0.38%
TEF	F	0.38%
IHG	A	0.37%
MT	C	0.35%
ERIC	C	0.34%
AON	A	0.34%
PSO	A	0.33%
TCOM	C	0.32%
NOK	C	0.32%
VOD	F	0.31%
ACN	C	0.3%
NMR	B	0.29%
SKM	D	0.29%
HLN	D	0.29%
RDY	F	0.28%
RTO	C	0.27%
CHKP	D	0.27%
SHG	D	0.27%
KT	C	0.25%
SNN	F	0.24%
VALE	F	0.24%
KB	C	0.22%
GLPG	D	0.19%
JHX	F	0.19%
EQNR	F	0.18%
FMS	C	0.18%
ITUB	F	0.17%
PBR	D	0.16%
WPP	C	0.16%
ASX	F	0.16%
WIT	B	0.14%
SE	B	0.14%
TEVA	C	0.14%
UMC	F	0.13%
DOOO	F	0.13%
CUK	A	0.12%
ERJ	B	0.12%
FINV	C	0.12%
WF	D	0.12%
BGNE	D	0.11%
ZTO	F	0.11%
NTES	F	0.11%
ABEV	D	0.11%
ARGX	B	0.1%
SW	C	0.1%
BBD	F	0.1%
PKX	F	0.1%
CRTO	D	0.1%
FUTU	C	0.09%
LI	D	0.09%
QFIN	C	0.08%
GFI	D	0.08%
TS	B	0.08%
WDS	F	0.08%
CIG	D	0.08%
CHT	D	0.08%
SBS	C	0.08%
HMY	C	0.07%
GRFS	C	0.07%
BEKE	C	0.07%
NICE	C	0.07%
CIB	D	0.07%
NNDM	F	0.06%
PAC	C	0.06%
CCU	D	0.06%
YY	D	0.06%
BIDU	F	0.06%
ASR	F	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
VIPS	F	0.06%
BCH	F	0.06%
GGAL	B	0.05%
PHI	F	0.05%
IMOS	F	0.05%
ARM	C	0.05%
FMX	F	0.05%
GOLD	F	0.05%
SOHU	D	0.05%
AKO.A	F	0.05%
BNTX	D	0.05%
CX	F	0.05%
GMAB	F	0.05%
HTHT	C	0.04%
NIO	F	0.04%
YMM	C	0.04%
OPRA	B	0.04%
DRD	C	0.04%
MTLS	A	0.04%
STM	F	0.04%
PAM	B	0.04%
TME	F	0.04%
BWAY	C	0.04%
XPEV	C	0.04%
ATHM	D	0.03%
CRESY	B	0.03%
TAL	C	0.03%
TLK	F	0.03%
DAVA	D	0.03%
EBR	F	0.03%
GGB	C	0.03%
OMAB	F	0.03%
TX	F	0.03%
VIST	C	0.03%
BILI	C	0.03%
TKC	C	0.03%
ELP	F	0.02%
IPHA	D	0.02%
BMA	B	0.02%
MREO	D	0.02%
OTLY	F	0.02%
ATAT	B	0.02%
LPL	F	0.02%
SUPV	A	0.02%
ZLAB	C	0.02%
CANG	B	0.02%
BZ	F	0.02%
GDS	B	0.02%
ASND	D	0.02%
ASAI	F	0.02%
GNFT	C	0.02%
UGP	F	0.02%
HIMX	D	0.02%
SUZ	C	0.02%
IMMP	F	0.02%
BRFS	C	0.02%
MYTE	C	0.02%
VLRS	B	0.02%
MOMO	C	0.02%
XYF	C	0.02%
ENIC	D	0.02%
BLTE	B	0.02%
YPF	B	0.02%
EDAP	F	0.01%
YALA	D	0.01%
JMIA	F	0.01%
DOYU	C	0.01%
CEPU	B	0.01%
CLLS	F	0.01%
DAO	C	0.01%
MNSO	C	0.01%
BZUN	F	0.01%
TEO	B	0.01%
HUYA	F	0.01%
GRVY	C	0.01%
LEGN	F	0.01%
JFIN	C	0.01%
RERE	D	0.01%
JKS	D	0.01%
TV	D	0.01%
BVN	F	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	F	0.0%
IQ	D	0.0%
TOUR	D	0.0%
SIMO	F	0.0%
DADA	D	0.0%
YRD	C	0.0%
DDL	C	0.0%
KC	C	0.0%
EH	C	0.0%
SBSW	D	0.0%

APIE Underweight 5 Positions Relative to DBEU

Symbol	Grade	Weight
HSBH	D	-1.54%
STLA	F	-0.26%
AER	C	-0.17%
CCEP	D	-0.14%
QGEN	F	-0.09%