APIE vs. VEU ETF Comparison

Comparison of Trust for Professional Managers ActivePassive International Equity ETF (APIE) to Vanguard FTSE All World Ex US ETF (VEU)

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

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.19

Average Daily Volume

2,076,190

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	APIE	VEU
30 Days	-2.88%	-2.58%
60 Days	-2.78%	-4.08%
90 Days	-2.72%	-3.78%
12 Months	12.60%	12.95%

81 Overlapping Holdings

Symbol	Grade	Weight in APIE	Weight in VEU	Overlap
ABBV	D	0.37%	0.31%	0.31%
ABEV	F	0.12%	0.01%	0.01%
ABEV	F	0.12%	0.02%	0.02%
AKO.A	F	0.06%	0.0%	0.0%
AKO.A	F	0.05%	0.0%	0.0%
ASAI	F	0.02%	0.0%	0.0%
ASAI	F	0.02%	0.02%	0.02%
ATHM	D	0.03%	0.01%	0.01%
ATHM	D	0.03%	0.0%	0.0%
BABA	D	1.19%	0.72%	0.72%
BBD	D	0.1%	0.03%	0.03%
BCH	F	0.06%	0.02%	0.02%
BCS	C	0.81%	0.16%	0.16%
BEKE	D	0.06%	0.05%	0.05%
BGNE	D	0.1%	0.04%	0.04%
BIDU	F	0.05%	0.09%	0.05%
BILI	D	0.03%	0.02%	0.02%
BRFS	D	0.02%	0.01%	0.01%
BZ	F	0.02%	0.02%	0.02%
CHT	D	0.08%	0.03%	0.03%
CHT	D	0.08%	0.02%	0.02%
CIB	B	0.07%	0.01%	0.01%
CIG	C	0.08%	0.0%	0.0%
CX	D	0.05%	0.01%	0.01%
DEO	F	0.72%	0.24%	0.24%
E	F	0.31%	0.12%	0.12%
ELP	F	0.02%	0.0%	0.0%
ENIC	D	0.02%	0.0%	0.0%
ERJ	B	0.13%	0.02%	0.02%
GDS	C	0.02%	0.01%	0.01%
GGB	C	0.03%	0.01%	0.01%
GGB	C	0.03%	0.01%	0.01%
GOLD	D	0.05%	0.11%	0.05%
HDB	C	0.96%	0.4%	0.4%
HMC	F	0.53%	0.17%	0.17%
IBN	C	0.51%	0.21%	0.21%
INFY	B	0.53%	0.12%	0.12%
IQ	F	0.0%	0.0%	0.0%
ITUB	F	0.16%	0.06%	0.06%
KB	B	0.22%	0.04%	0.04%
KB	B	0.22%	0.04%	0.04%
LI	F	0.08%	0.05%	0.05%
LOGI	D	0.25%	0.04%	0.04%
LPL	F	0.02%	0.01%	0.01%
LYG	F	0.44%	0.15%	0.15%
MFG	B	0.41%	0.18%	0.18%
MUFG	B	0.58%	0.41%	0.41%
NIO	F	0.03%	0.02%	0.02%
NMR	B	0.3%	0.05%	0.05%
NVS	D	1.33%	0.77%	0.77%
PBR	C	0.17%	0.02%	0.02%
PDD	F	0.5%	0.3%	0.3%
PKX	F	0.09%	0.03%	0.03%
QFIN	B	0.07%	0.01%	0.01%
RDY	F	0.27%	0.01%	0.01%
RLX	C	0.0%	0.0%	0.0%
SBSW	D	0.0%	0.01%	0.0%
SHG	D	0.28%	0.04%	0.04%
SHG	D	0.28%	0.02%	0.02%
SMFG	B	0.59%	0.27%	0.27%
SQM	F	0.01%	0.01%	0.01%
SW	A	0.08%	0.09%	0.08%
TAK	F	0.79%	0.0%	0.0%
TAL	F	0.02%	0.02%	0.02%
TCOM	B	0.29%	0.12%	0.12%
TM	D	1.2%	0.71%	0.71%
TME	D	0.04%	0.03%	0.03%
TS	B	0.08%	0.0%	0.0%
TSM	B	5.96%	0.01%	0.01%
UL	D	1.28%	0.52%	0.52%
UMC	F	0.13%	0.03%	0.03%
UMC	F	0.13%	0.03%	0.03%
VALE	F	0.23%	0.03%	0.03%
VALE	F	0.23%	0.12%	0.12%
VIPS	F	0.06%	0.02%	0.02%
VIV	F	0.01%	0.0%	0.0%
WIT	A	0.14%	0.02%	0.02%
WIT	A	0.14%	0.01%	0.01%
XPEV	C	0.05%	0.03%	0.03%
YMM	C	0.04%	0.02%	0.02%
YY	C	0.06%	0.0%	0.0%

APIE Overweight 141 Positions Relative to VEU

Symbol	Grade	Weight
SAP	B	1.98%
RELX	C	1.54%
NVO	D	1.45%
AZN	D	1.25%
ASML	F	1.22%
HSBC	B	1.18%
BTI	B	0.92%
BHP	F	0.75%
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%
SAN	F	0.53%
NGG	D	0.52%
BBVA	F	0.49%
ING	F	0.46%
PHG	D	0.46%
NWG	C	0.43%
IHG	A	0.39%
JD	D	0.38%
TEF	D	0.37%
MT	B	0.35%
ERIC	B	0.34%
AON	A	0.34%
PSO	B	0.33%
NOK	D	0.32%
ACN	C	0.31%
CHKP	D	0.31%
VOD	F	0.3%
HLN	D	0.29%
SKM	D	0.29%
SNN	D	0.26%
RTO	C	0.26%
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%
CRTO	C	0.12%
NTES	D	0.12%
CUK	B	0.12%
WF	C	0.12%
FINV	B	0.11%
ARGX	A	0.1%
ZTO	F	0.1%
SBS	B	0.09%
NICE	C	0.08%
GRFS	C	0.08%
WDS	D	0.08%
FUTU	D	0.08%
GFI	D	0.07%
CCU	D	0.06%
NNDM	F	0.06%
PAC	B	0.06%
KOF	F	0.06%
ASR	D	0.06%
HMY	D	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%
BNTX	D	0.05%
GMAB	F	0.05%
HTHT	D	0.04%
DRD	D	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%
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%
ZLAB	C	0.02%
GNFT	F	0.02%
ATAT	C	0.02%
UGP	F	0.02%
SUPV	B	0.02%
ASND	D	0.02%
HIMX	F	0.02%
XYF	D	0.02%
SUZ	C	0.02%
MOMO	D	0.02%
MYTE	B	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%
LEGN	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%
BVN	F	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%
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 26 Positions Relative to VEU

Symbol	Grade	Weight
HSBH	B	-0.59%
SONY	B	-0.37%
TD	F	-0.34%
SHOP	B	-0.33%
CNI	D	-0.21%
WCN	A	-0.16%
FLUT	A	-0.14%
STLA	F	-0.1%
YUMC	C	-0.06%
XRX	F	-0.05%
QGEN	D	-0.03%
MBAVU	D	-0.02%
AEI	D	-0.02%
AGCO	D	-0.02%
BSAC	F	-0.01%
CSAN	F	-0.01%
KEP	B	-0.01%
JEWL	F	-0.0%
BAK	F	-0.0%
SID	F	-0.0%
WB	D	-0.0%
EC	D	-0.0%
MNTX	C	-0.0%
DQ	F	-0.0%
PIXY	F	-0.0%
KEP	B	-0.0%