APIE vs. FDEV ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Fidelity Targeted International Factor ETF (FDEV)

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

$28.98

Average Daily Volume

48,340

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

FDEV

Fidelity Targeted International Factor ETF

FDEV Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. The fund invests at least 80% of its assets in securities included in the index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

23,471

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	FDEV
30 Days	-2.88%	-0.85%
60 Days	-2.78%	-4.74%
90 Days	-2.72%	-3.89%
12 Months	12.60%	13.60%

3 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in FDEV	Overlap
LOGI	D	0.25%	0.09%	0.09%
NVS	D	1.33%	1.31%	1.31%
UL	D	1.28%	1.18%	1.18%

APIE Overweight 209 Positions Relative to FDEV

Symbol	Grade	Weight
TSM	B	5.95%
SAP	B	2.01%
RELX	C	1.51%
NVO	D	1.45%
AZN	D	1.23%
HSBC	B	1.21%
TM	D	1.19%
ASML	F	1.16%
BABA	D	1.14%
HDB	C	0.98%
BTI	B	0.91%
BCS	C	0.83%
SNY	F	0.76%
TAK	F	0.76%
BHP	F	0.75%
DEO	F	0.72%
RIO	D	0.71%
BP	D	0.69%
IX	F	0.65%
GSK	F	0.65%
BUD	F	0.64%
TTE	F	0.6%
SMFG	B	0.57%
MUFG	B	0.56%
INFY	B	0.54%
SAN	F	0.54%
HMC	F	0.54%
NGG	D	0.53%
PDD	F	0.52%
IBN	C	0.51%
BBVA	F	0.5%
ING	F	0.48%
PHG	D	0.47%
LYG	F	0.44%
NWG	C	0.43%
MFG	B	0.42%
JD	D	0.41%
IHG	A	0.4%
TEF	D	0.39%
ABBV	D	0.36%
MT	B	0.35%
ERIC	B	0.34%
AON	A	0.34%
PSO	B	0.33%
ACN	C	0.31%
VOD	F	0.31%
NMR	B	0.31%
CHKP	D	0.31%
TCOM	B	0.31%
SKM	D	0.3%
E	F	0.3%
NOK	D	0.3%
HLN	D	0.29%
SHG	D	0.28%
RTO	C	0.27%
RDY	F	0.27%
SNN	D	0.26%
KT	A	0.26%
KB	B	0.23%
VALE	F	0.23%
JHX	C	0.22%
EQNR	D	0.2%
FMS	A	0.19%
GLPG	D	0.18%
ASX	D	0.17%
PBR	C	0.17%
SE	B	0.17%
ITUB	F	0.16%
WPP	B	0.15%
WIT	A	0.14%
TEVA	D	0.14%
DOOO	F	0.13%
UMC	F	0.13%
ERJ	B	0.13%
WF	C	0.13%
CRTO	C	0.12%
NTES	D	0.12%
CUK	B	0.12%
FINV	B	0.12%
ABEV	F	0.11%
ZTO	F	0.1%
ARGX	A	0.1%
BBD	D	0.1%
BGNE	D	0.1%
LI	F	0.09%
SBS	B	0.09%
SW	A	0.09%
PKX	F	0.09%
CIB	B	0.08%
TS	B	0.08%
FUTU	D	0.08%
WDS	D	0.08%
QFIN	B	0.08%
CHT	D	0.08%
CIG	C	0.08%
BEKE	D	0.07%
BCH	F	0.07%
HMY	D	0.07%
GRFS	C	0.07%
NICE	C	0.07%
GFI	D	0.07%
NNDM	F	0.06%
BIDU	F	0.06%
CCU	D	0.06%
VIPS	F	0.06%
PAC	B	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
ASR	D	0.06%
YY	C	0.06%
PHI	D	0.05%
ARM	D	0.05%
FMX	F	0.05%
SOHU	F	0.05%
MTLS	B	0.05%
XPEV	C	0.05%
GGAL	C	0.05%
GOLD	D	0.05%
GMAB	F	0.05%
PAM	A	0.05%
BNTX	D	0.05%
CX	D	0.05%
AKO.A	F	0.05%
HTHT	D	0.04%
NIO	F	0.04%
DRD	D	0.04%
TKC	C	0.04%
STM	F	0.04%
BWAY	B	0.04%
YMM	C	0.04%
OPRA	A	0.04%
IMOS	F	0.04%
TME	D	0.04%
BLTE	C	0.03%
VLRS	C	0.03%
CANG	B	0.03%
ATHM	D	0.03%
MYTE	B	0.03%
TLK	D	0.03%
BILI	D	0.03%
EBR	F	0.03%
TX	F	0.03%
CRESY	B	0.03%
OMAB	D	0.03%
GGB	C	0.03%
DAVA	C	0.03%
VIST	A	0.03%
YPF	B	0.03%
ELP	F	0.02%
BMA	B	0.02%
GDS	C	0.02%
LPL	F	0.02%
BZ	F	0.02%
ATAT	C	0.02%
UGP	F	0.02%
ASAI	F	0.02%
HIMX	F	0.02%
ASND	D	0.02%
SUPV	B	0.02%
BRFS	D	0.02%
SUZ	C	0.02%
XYF	D	0.02%
MOMO	D	0.02%
IMMP	F	0.02%
ENIC	D	0.02%
TAL	F	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	D	0.01%
KC	A	0.01%
DOYU	C	0.01%
BZUN	F	0.01%
MNSO	F	0.01%
DAO	B	0.01%
HUYA	F	0.01%
CLLS	F	0.01%
CEPU	B	0.01%
TV	F	0.01%
JFIN	F	0.01%
LEGN	F	0.01%
GRVY	C	0.01%
JKS	F	0.01%
TEO	B	0.01%
OTLY	F	0.01%
BVN	F	0.01%
RERE	B	0.01%
MREO	F	0.01%
IPHA	F	0.01%
SQM	F	0.01%
VIV	F	0.01%
GNFT	F	0.01%
ZLAB	C	0.01%
ADAP	F	0.0%
EVO	D	0.0%
HCM	D	0.0%
CNF	F	0.0%
SSL	F	0.0%
ORAN	F	0.0%
HEPS	C	0.0%
AZUL	F	0.0%
IQ	F	0.0%
DADA	F	0.0%
TOUR	D	0.0%
SIMO	D	0.0%
RLX	C	0.0%
YRD	F	0.0%
EH	F	0.0%
DDL	C	0.0%
SBSW	D	0.0%

APIE Underweight 3 Positions Relative to FDEV

Symbol	Grade	Weight
FRO	F	-0.51%
CNI	D	-0.49%
STLA	F	-0.24%