APIE vs. EWX ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to SPDR S&P Emerging Markets Small Cap ETF (EWX)

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

EWX

SPDR S&P Emerging Markets Small Cap ETF

EWX Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the small capitalization segment of global emerging market countries. The fund employs a sampling strategy in seeking to track the performance of the S&PÂ® Emerging Markets Under USD2 Billion Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.09

Average Daily Volume

27,948

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	EWX
30 Days	-5.51%	-3.24%
60 Days	-4.00%	0.25%
90 Days	-2.07%	2.30%
12 Months	13.78%	10.88%

15 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in EWX	Overlap
BLTE	A	0.03%	0.09%	0.03%
BZUN	F	0.01%	0.02%	0.01%
DDL	B	0.0%	0.06%	0.0%
DOYU	C	0.01%	0.02%	0.01%
EH	C	0.0%	0.08%	0.0%
FINV	C	0.11%	0.09%	0.09%
HEPS	C	0.0%	0.06%	0.0%
HIMX	F	0.02%	0.06%	0.02%
HUYA	F	0.01%	0.03%	0.01%
IMOS	F	0.04%	0.06%	0.04%
JKS	F	0.01%	0.1%	0.01%
MOMO	D	0.02%	0.1%	0.02%
RERE	D	0.01%	0.02%	0.01%
SOHU	F	0.05%	0.04%	0.04%
YALA	C	0.01%	0.02%	0.01%

APIE Overweight 197 Positions Relative to EWX

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%
AZN	F	1.25%
ASML	F	1.22%
TM	D	1.2%
BABA	D	1.19%
HSBC	A	1.18%
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%
GSK	F	0.66%
BUD	F	0.65%
TTE	F	0.6%
SMFG	A	0.59%
MUFG	A	0.58%
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%
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	B	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	B	0.32%
E	D	0.31%
ACN	C	0.31%
CHKP	D	0.31%
VOD	D	0.3%
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%
EQNR	D	0.19%
PBR	C	0.17%
ITUB	D	0.16%
ASX	D	0.16%
SE	B	0.15%
WPP	B	0.15%
WIT	B	0.14%
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%
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%
KOF	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%
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%
BIDU	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%
TME	C	0.04%
STM	F	0.04%
PHI	F	0.04%
ATHM	C	0.03%
IMMP	D	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%
GDS	A	0.02%
BRFS	D	0.02%
XYF	C	0.02%
SUZ	B	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%
MNSO	C	0.01%
DAO	C	0.01%
CEPU	A	0.01%
CLLS	D	0.01%
LEGN	F	0.01%
TV	F	0.01%
GRVY	C	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%
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%
SBSW	D	0.0%
KC	B	0.0%

APIE Underweight 27 Positions Relative to EWX

Symbol	Grade	Weight
CAR	C	-0.2%
SGRP	D	-0.11%
DAC	B	-0.09%
DQ	D	-0.08%
TIGR	D	-0.08%
CMRE	B	-0.07%
SB	D	-0.05%
TEN	F	-0.05%
BTBT	C	-0.05%
QD	A	-0.04%
GOTU	F	-0.04%
TUYA	C	-0.04%
JEWL	D	-0.03%
VINP	C	-0.03%
NEXA	B	-0.03%
GPRK	C	-0.03%
PAX	C	-0.03%
AFYA	D	-0.03%
VTEX	F	-0.03%
GASS	D	-0.03%
BWMX	F	-0.02%
SHPH	F	-0.02%
CINT	D	-0.02%
LX	C	-0.02%
DSX	F	-0.01%
PDSB	F	-0.01%
CBAT	F	-0.0%