APIE vs. QEMM ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

1,910

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	APIE	QEMM
30 Days	-2.88%	-2.80%
60 Days	-2.78%	-2.21%
90 Days	-2.72%	-1.79%
12 Months	12.60%	11.44%

51 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in QEMM	Overlap
ABEV	F	0.12%	0.28%	0.12%
ABEV	F	0.12%	0.02%	0.02%
ASAI	F	0.02%	0.02%	0.02%
ATHM	D	0.03%	0.01%	0.01%
BABA	D	1.19%	0.04%	0.04%
BABA	D	1.19%	0.69%	0.69%
BCH	F	0.06%	0.01%	0.01%
BEKE	D	0.06%	0.02%	0.02%
BGNE	D	0.1%	0.01%	0.01%
BIDU	F	0.05%	0.09%	0.05%
BVN	F	0.01%	0.1%	0.01%
CHT	D	0.08%	0.49%	0.08%
CIB	B	0.07%	0.01%	0.01%
CIG	C	0.08%	0.01%	0.01%
ENIC	D	0.02%	0.0%	0.0%
GGB	C	0.03%	0.05%	0.03%
HDB	C	0.96%	0.25%	0.25%
IBN	C	0.51%	0.15%	0.15%
IBN	C	0.51%	0.14%	0.14%
INFY	B	0.53%	1.07%	0.53%
IQ	F	0.0%	0.0%	0.0%
ITUB	F	0.16%	0.15%	0.15%
KB	B	0.22%	0.09%	0.09%
KB	B	0.22%	0.21%	0.21%
LEGN	F	0.01%	0.05%	0.01%
LI	F	0.08%	0.02%	0.02%
LPL	F	0.02%	0.02%	0.02%
LPL	F	0.02%	0.01%	0.01%
NIO	F	0.03%	0.0%	0.0%
PBR	C	0.17%	0.16%	0.16%
PDD	F	0.5%	1.32%	0.5%
PKX	F	0.09%	0.08%	0.08%
QFIN	B	0.07%	0.12%	0.07%
RDY	F	0.27%	0.17%	0.17%
SBS	B	0.09%	0.03%	0.03%
SBSW	D	0.0%	0.04%	0.0%
SHG	D	0.28%	0.22%	0.22%
SHG	D	0.28%	0.03%	0.03%
SKM	D	0.29%	0.18%	0.18%
SQM	F	0.01%	0.01%	0.01%
SUZ	C	0.02%	0.03%	0.02%
TCOM	B	0.29%	0.06%	0.06%
TME	D	0.04%	0.02%	0.02%
UGP	F	0.02%	0.02%	0.02%
UMC	F	0.13%	0.1%	0.1%
VALE	F	0.23%	0.03%	0.03%
VALE	F	0.23%	1.15%	0.23%
VIPS	F	0.06%	0.17%	0.06%
VIV	F	0.01%	0.01%	0.01%
WIT	A	0.14%	0.25%	0.14%
XPEV	C	0.05%	0.01%	0.01%

APIE Overweight 168 Positions Relative to QEMM

Symbol	Grade	Weight
TSM	B	5.96%
SAP	B	1.98%
RELX	C	1.54%
NVO	D	1.45%
NVS	D	1.33%
UL	D	1.28%
AZN	D	1.25%
ASML	F	1.22%
TM	D	1.2%
HSBC	B	1.18%
BTI	B	0.92%
BCS	C	0.81%
TAK	F	0.79%
BHP	F	0.75%
DEO	F	0.72%
SNY	F	0.72%
BP	D	0.69%
RIO	D	0.68%
IX	F	0.66%
GSK	F	0.66%
BUD	F	0.65%
TTE	F	0.6%
SMFG	B	0.59%
MUFG	B	0.58%
SAN	F	0.53%
HMC	F	0.53%
NGG	D	0.52%
BBVA	F	0.49%
ING	F	0.46%
PHG	D	0.46%
LYG	F	0.44%
NWG	C	0.43%
MFG	B	0.41%
IHG	A	0.39%
JD	D	0.38%
ABBV	D	0.37%
TEF	D	0.37%
MT	B	0.35%
ERIC	B	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	D	0.32%
E	F	0.31%
ACN	C	0.31%
CHKP	D	0.31%
VOD	F	0.3%
NMR	B	0.3%
HLN	D	0.29%
SNN	D	0.26%
RTO	C	0.26%
LOGI	D	0.25%
KT	A	0.25%
JHX	C	0.21%
GLPG	D	0.2%
FMS	A	0.19%
EQNR	D	0.19%
ASX	D	0.16%
SE	B	0.15%
WPP	B	0.15%
TEVA	D	0.14%
DOOO	F	0.13%
ERJ	B	0.13%
CRTO	C	0.12%
NTES	D	0.12%
CUK	B	0.12%
WF	C	0.12%
FINV	B	0.11%
BBD	D	0.1%
ARGX	A	0.1%
ZTO	F	0.1%
NICE	C	0.08%
GRFS	C	0.08%
WDS	D	0.08%
TS	B	0.08%
SW	A	0.08%
FUTU	D	0.08%
GFI	D	0.07%
CCU	D	0.06%
NNDM	F	0.06%
PAC	B	0.06%
AKO.A	F	0.06%
KOF	F	0.06%
ASR	D	0.06%
HMY	D	0.06%
YY	C	0.06%
GGAL	C	0.05%
ARM	D	0.05%
MTLS	B	0.05%
SOHU	F	0.05%
PAM	A	0.05%
FMX	F	0.05%
GOLD	D	0.05%
CX	D	0.05%
BNTX	D	0.05%
GMAB	F	0.05%
AKO.A	F	0.05%
HTHT	D	0.04%
DRD	D	0.04%
YMM	C	0.04%
TKC	C	0.04%
OPRA	A	0.04%
BWAY	B	0.04%
STM	F	0.04%
PHI	D	0.04%
IMOS	F	0.04%
IMMP	F	0.03%
BLTE	C	0.03%
VLRS	C	0.03%
TLK	D	0.03%
CRESY	B	0.03%
BILI	D	0.03%
EBR	F	0.03%
YPF	B	0.03%
TX	F	0.03%
OMAB	D	0.03%
VIST	A	0.03%
DAVA	C	0.03%
MREO	F	0.02%
BMA	B	0.02%
ELP	F	0.02%
ZLAB	C	0.02%
GNFT	F	0.02%
BZ	F	0.02%
ATAT	C	0.02%
SUPV	B	0.02%
ASND	D	0.02%
HIMX	F	0.02%
GDS	C	0.02%
BRFS	D	0.02%
XYF	D	0.02%
MOMO	D	0.02%
MYTE	B	0.02%
TAL	F	0.02%
CANG	B	0.02%
EDAP	F	0.01%
JMIA	F	0.01%
YALA	D	0.01%
DOYU	C	0.01%
MNSO	F	0.01%
BZUN	F	0.01%
DAO	B	0.01%
CEPU	B	0.01%
HUYA	F	0.01%
CLLS	F	0.01%
JKS	F	0.01%
TV	F	0.01%
GRVY	C	0.01%
RERE	B	0.01%
OTLY	F	0.01%
JFIN	F	0.01%
TEO	B	0.01%
IPHA	F	0.01%
ADAP	F	0.0%
EVO	D	0.0%
HCM	D	0.0%
SSL	F	0.0%
CNF	F	0.0%
ORAN	F	0.0%
HEPS	C	0.0%
AZUL	F	0.0%
DADA	F	0.0%
RLX	C	0.0%
TOUR	D	0.0%
SIMO	D	0.0%
YRD	F	0.0%
DDL	C	0.0%
EH	F	0.0%
KC	A	0.0%

APIE Underweight 8 Positions Relative to QEMM

Symbol	Grade	Weight
BAP	B	-0.25%
SCCO	F	-0.25%
KEP	B	-0.09%
YUMC	C	-0.09%
KEP	B	-0.06%
SID	F	-0.02%
CSAN	F	-0.02%
BSAC	F	-0.01%