APIE vs. DFEM ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

$28.53

Average Daily Volume

46,149

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.32

Average Daily Volume

597,145

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	APIE	DFEM
30 Days	-5.00%	-5.39%
60 Days	-3.65%	-1.07%
90 Days	-2.43%	-1.29%
12 Months	14.16%	12.55%

85 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in DFEM	Overlap
ABEV	D	0.11%	0.03%	0.03%
AKO.A	D	0.06%	0.01%	0.01%
AKO.A	D	0.05%	0.01%	0.01%
ASAI	F	0.02%	0.02%	0.02%
ASAI	F	0.02%	0.02%	0.02%
ASR	F	0.06%	0.05%	0.05%
ASX	F	0.16%	0.01%	0.01%
BABA	D	1.24%	0.02%	0.02%
BABA	D	1.24%	1.35%	1.24%
BBD	D	0.1%	0.01%	0.01%
BCH	D	0.06%	0.0%	0.0%
BCH	D	0.06%	0.03%	0.03%
BGNE	D	0.11%	0.01%	0.01%
BGNE	D	0.11%	0.01%	0.01%
BIDU	F	0.06%	0.14%	0.06%
BIDU	F	0.06%	0.02%	0.02%
BILI	C	0.03%	0.1%	0.03%
BRFS	D	0.02%	0.05%	0.02%
BZUN	F	0.01%	0.0%	0.0%
CCU	F	0.06%	0.0%	0.0%
CHT	D	0.08%	0.02%	0.02%
CHT	D	0.08%	0.03%	0.03%
CIB	C	0.07%	0.02%	0.02%
CIG	C	0.08%	0.0%	0.0%
CX	F	0.05%	0.08%	0.05%
EBR	F	0.03%	0.0%	0.0%
ELP	F	0.02%	0.0%	0.0%
ENIC	D	0.02%	0.0%	0.0%
ERJ	A	0.12%	0.12%	0.12%
ERJ	A	0.12%	0.12%	0.12%
FMX	F	0.05%	0.02%	0.02%
GDS	B	0.02%	0.09%	0.02%
GFI	F	0.08%	0.15%	0.08%
GGB	B	0.03%	0.01%	0.01%
GGB	B	0.03%	0.06%	0.03%
HDB	C	0.97%	0.23%	0.23%
HDB	C	0.97%	0.25%	0.25%
HMY	F	0.07%	0.09%	0.07%
IBN	C	0.52%	0.15%	0.15%
IBN	C	0.52%	0.62%	0.52%
IMOS	F	0.05%	0.01%	0.01%
INFY	D	0.51%	0.29%	0.29%
IQ	F	0.0%	0.02%	0.0%
ITUB	D	0.17%	0.01%	0.01%
JKS	D	0.01%	0.03%	0.01%
KB	C	0.22%	0.38%	0.22%
KB	C	0.22%	0.01%	0.01%
KOF	F	0.06%	0.02%	0.02%
LI	F	0.09%	0.0%	0.0%
LI	F	0.09%	0.08%	0.08%
LPL	F	0.02%	0.05%	0.02%
LPL	F	0.02%	0.0%	0.0%
NIO	F	0.04%	0.0%	0.0%
NTES	C	0.11%	0.04%	0.04%
OMAB	F	0.03%	0.02%	0.02%
PAC	A	0.06%	0.07%	0.06%
PBR	D	0.16%	0.02%	0.02%
PDD	F	0.52%	0.47%	0.47%
PHI	F	0.05%	0.01%	0.01%
PKX	F	0.1%	0.02%	0.02%
RDY	D	0.28%	0.11%	0.11%
SBS	C	0.08%	0.01%	0.01%
SBSW	D	0.0%	0.08%	0.0%
SHG	D	0.27%	0.19%	0.19%
SHG	D	0.27%	0.05%	0.05%
SKM	D	0.29%	0.02%	0.02%
SKM	D	0.29%	0.02%	0.02%
SQM	D	0.01%	0.02%	0.01%
SUZ	B	0.02%	0.0%	0.0%
TCOM	B	0.32%	0.02%	0.02%
TCOM	B	0.32%	0.21%	0.21%
TME	F	0.04%	0.03%	0.03%
UGP	F	0.02%	0.0%	0.0%
UMC	F	0.13%	0.14%	0.13%
UMC	F	0.13%	0.04%	0.04%
VALE	F	0.24%	0.36%	0.24%
VIPS	F	0.06%	0.13%	0.06%
VIST	C	0.03%	0.03%	0.03%
VIV	D	0.01%	0.01%	0.01%
WF	D	0.12%	0.01%	0.01%
WIT	B	0.14%	0.01%	0.01%
WIT	B	0.14%	0.06%	0.06%
XPEV	C	0.04%	0.12%	0.04%
ZLAB	C	0.02%	0.0%	0.0%
ZTO	D	0.11%	0.0%	0.0%

APIE Overweight 145 Positions Relative to DFEM

Symbol	Grade	Weight
TSM	B	5.96%
SAP	C	1.93%
RELX	D	1.56%
NVO	F	1.42%
NVS	D	1.34%
UL	D	1.29%
HSBC	A	1.2%
TM	F	1.18%
AZN	F	1.15%
ASML	F	1.14%
BTI	C	0.9%
BCS	A	0.82%
BHP	F	0.79%
TAK	D	0.79%
SNY	D	0.76%
RIO	F	0.72%
BP	F	0.7%
DEO	F	0.7%
GSK	F	0.67%
BUD	F	0.65%
IX	D	0.64%
TTE	F	0.6%
HMC	F	0.56%
SMFG	A	0.55%
MUFG	A	0.54%
SAN	C	0.53%
NGG	D	0.52%
BBVA	D	0.48%
ING	D	0.47%
PHG	F	0.46%
LYG	C	0.43%
JD	C	0.43%
NWG	A	0.43%
MFG	A	0.38%
TEF	D	0.38%
IHG	A	0.37%
ABBV	F	0.36%
MT	B	0.35%
ERIC	B	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	B	0.32%
E	F	0.31%
VOD	D	0.31%
ACN	C	0.3%
NMR	B	0.29%
HLN	D	0.29%
RTO	C	0.27%
CHKP	D	0.27%
KT	C	0.25%
SNN	D	0.24%
LOGI	F	0.24%
GLPG	F	0.19%
JHX	C	0.19%
EQNR	D	0.18%
FMS	A	0.18%
WPP	B	0.16%
SE	B	0.14%
TEVA	D	0.14%
DOOO	F	0.13%
CUK	A	0.12%
FINV	C	0.12%
ARGX	B	0.1%
SW	A	0.1%
CRTO	D	0.1%
FUTU	C	0.09%
QFIN	B	0.08%
TS	A	0.08%
WDS	F	0.08%
GRFS	B	0.07%
BEKE	C	0.07%
NICE	D	0.07%
NNDM	F	0.06%
YY	C	0.06%
GGAL	A	0.05%
ARM	F	0.05%
GOLD	F	0.05%
SOHU	F	0.05%
BNTX	D	0.05%
GMAB	F	0.05%
HTHT	C	0.04%
YMM	C	0.04%
OPRA	A	0.04%
DRD	C	0.04%
MTLS	A	0.04%
STM	F	0.04%
PAM	A	0.04%
BWAY	C	0.04%
ATHM	D	0.03%
CRESY	A	0.03%
TAL	D	0.03%
TLK	F	0.03%
DAVA	C	0.03%
TX	F	0.03%
TKC	C	0.03%
IPHA	F	0.02%
BMA	A	0.02%
MREO	F	0.02%
OTLY	F	0.02%
ATAT	B	0.02%
SUPV	A	0.02%
CANG	B	0.02%
BZ	F	0.02%
ASND	F	0.02%
GNFT	D	0.02%
HIMX	F	0.02%
IMMP	D	0.02%
MYTE	C	0.02%
VLRS	B	0.02%
MOMO	D	0.02%
XYF	C	0.02%
BLTE	A	0.02%
YPF	A	0.02%
EDAP	F	0.01%
YALA	C	0.01%
JMIA	F	0.01%
DOYU	B	0.01%
CEPU	A	0.01%
CLLS	D	0.01%
DAO	C	0.01%
MNSO	D	0.01%
TEO	A	0.01%
HUYA	F	0.01%
GRVY	C	0.01%
LEGN	F	0.01%
JFIN	C	0.01%
RERE	D	0.01%
TV	F	0.01%
BVN	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	C	0.0%
TOUR	C	0.0%
SIMO	F	0.0%
DADA	F	0.0%
YRD	C	0.0%
DDL	B	0.0%
KC	B	0.0%
EH	C	0.0%

APIE Underweight 17 Positions Relative to DFEM

Symbol	Grade	Weight
YUMC	B	-0.2%
BAP	A	-0.05%
CAR	C	-0.05%
SGRP	D	-0.03%
KEP	B	-0.02%
CSAN	F	-0.01%
CSAN	F	-0.01%
SHPH	F	-0.01%
BSAC	D	-0.01%
KEP	B	-0.01%
BAOS	F	-0.0%
SLDB	F	-0.0%
LGHT	D	-0.0%
BAK	F	-0.0%
PDSB	F	-0.0%
MGNX	D	-0.0%
VNET	D	-0.0%