APUE vs. INRO ETF Comparison

Comparison of Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE) to BlackRock U.S. Industry Rotation ETF (INRO)

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE 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 CRSP U.S. Total Market 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 U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.91

Average Daily Volume

85,422

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.53

Average Daily Volume

3,298

Number of Holdings ^*

429

* may have additional holdings in another (foreign) market

Performance

Period	APUE	INRO
30 Days	3.94%	4.43%
60 Days	4.89%	5.95%
90 Days	6.99%	8.13%
12 Months	33.46%

204 Overlapping Holdings

Symbol	Grade	Weight in APUE	Weight in INRO	Overlap
A	D	0.09%	0.05%	0.05%
AAPL	C	5.79%	5.76%	5.76%
ABBV	D	0.6%	0.39%	0.39%
ACGL	D	0.06%	0.05%	0.05%
ACN	C	0.58%	0.07%	0.07%
ADBE	C	0.47%	0.32%	0.32%
ADI	D	0.29%	0.22%	0.22%
ADP	B	0.17%	0.29%	0.17%
AEP	D	0.22%	0.32%	0.22%
AFL	B	0.41%	0.09%	0.09%
AIG	B	0.14%	0.09%	0.09%
ALL	A	0.08%	0.08%	0.08%
AMAT	F	0.39%	0.3%	0.3%
AMD	F	0.45%	0.47%	0.45%
AMGN	D	0.18%	0.2%	0.18%
AMT	D	0.22%	0.11%	0.11%
AMZN	C	3.5%	1.47%	1.47%
AON	A	0.08%	0.11%	0.08%
APD	A	0.09%	0.01%	0.01%
APH	A	0.43%	0.19%	0.19%
APO	B	0.06%	0.01%	0.01%
ARE	D	0.07%	0.04%	0.04%
AVB	B	0.08%	0.01%	0.01%
AVGO	D	1.41%	1.54%	1.41%
AXP	A	0.39%	1.14%	0.39%
BA	F	0.06%	0.04%	0.04%
BAC	A	0.49%	0.81%	0.49%
BALL	D	0.13%	0.08%	0.08%
BEN	C	0.07%	0.03%	0.03%
BK	A	0.37%	0.11%	0.11%
BMY	B	0.18%	0.11%	0.11%
BR	A	0.29%	0.08%	0.08%
BRK.A	B	1.84%	0.06%	0.06%
BX	A	0.25%	0.45%	0.25%
C	A	0.38%	0.34%	0.34%
CARR	D	0.15%	0.42%	0.15%
CAT	B	0.29%	0.35%	0.29%
CB	C	0.06%	0.17%	0.06%
CBOE	B	0.17%	0.04%	0.04%
CBRE	B	0.07%	0.87%	0.07%
CCI	D	0.08%	0.06%	0.06%
CEG	D	0.11%	0.45%	0.11%
CMI	A	0.11%	0.1%	0.1%
COF	B	0.3%	0.48%	0.3%
COIN	C	0.15%	0.2%	0.15%
COP	C	0.24%	0.24%	0.24%
COST	B	0.81%	0.47%	0.47%
CPRT	A	0.11%	0.21%	0.11%
CRM	B	0.62%	0.45%	0.45%
CRWD	B	0.13%	0.12%	0.12%
CSGP	D	0.06%	0.63%	0.06%
CTAS	B	0.31%	0.34%	0.31%
CTRA	B	0.04%	0.03%	0.03%
CTSH	B	0.07%	0.01%	0.01%
CTVA	C	0.06%	0.01%	0.01%
CVX	A	0.31%	0.5%	0.31%
DAL	C	0.05%	0.03%	0.03%
DD	D	0.1%	0.01%	0.01%
DE	A	0.15%	0.2%	0.15%
DELL	C	0.05%	0.07%	0.05%
DHI	D	0.22%	0.33%	0.22%
DHR	F	0.39%	0.19%	0.19%
DLR	B	0.08%	0.07%	0.07%
DLTR	F	0.02%	0.01%	0.01%
DOV	A	0.14%	0.05%	0.05%
DUK	C	0.4%	0.54%	0.4%
DVN	F	0.06%	0.04%	0.04%
ECL	D	0.12%	0.0%	0.0%
EFX	F	0.09%	0.08%	0.08%
EG	C	0.04%	0.03%	0.03%
EMR	A	0.13%	0.24%	0.13%
ENTG	D	0.31%	0.03%	0.03%
EOG	A	0.11%	0.15%	0.11%
EQR	B	0.3%	0.01%	0.01%
ESS	B	0.15%	0.01%	0.01%
ETN	A	0.39%	0.48%	0.39%
ETR	B	0.3%	0.2%	0.2%
EVRG	A	0.16%	0.11%	0.11%
EXR	D	0.07%	0.04%	0.04%
FCX	D	0.16%	0.12%	0.12%
FDX	B	0.18%	0.02%	0.02%
FI	A	0.33%	0.01%	0.01%
FNF	B	0.13%	0.0%	0.0%
FSLR	F	0.04%	0.04%	0.04%
GD	F	0.06%	0.03%	0.03%
GDDY	A	0.16%	0.01%	0.01%
GE	D	0.47%	0.08%	0.08%
GEN	B	0.05%	0.02%	0.02%
GEV	B	0.14%	0.31%	0.14%
GILD	C	0.16%	0.14%	0.14%
GM	B	0.22%	0.09%	0.09%
GOOG	C	1.63%	2.72%	1.63%
GOOGL	C	1.98%	3.13%	1.98%
GRMN	B	0.15%	0.22%	0.15%
GS	A	0.32%	0.64%	0.32%
GWW	B	0.27%	0.44%	0.27%
HD	A	0.59%	1.17%	0.59%
HIG	B	0.12%	0.05%	0.05%
HON	B	0.3%	1.6%	0.3%
HUBB	B	0.04%	0.08%	0.04%
HWM	A	0.16%	0.02%	0.02%
IBM	C	0.42%	0.06%	0.06%
ICE	C	0.15%	0.33%	0.15%
INTU	C	0.49%	0.26%	0.26%
IP	B	0.16%	0.09%	0.09%
IR	B	0.05%	0.08%	0.05%
IRM	D	0.16%	0.04%	0.04%
J	F	0.04%	0.04%	0.04%
JNJ	D	0.89%	0.37%	0.37%
JPM	A	1.5%	1.74%	1.5%
KKR	A	0.21%	0.31%	0.21%
KLAC	D	0.19%	0.17%	0.17%
KR	B	0.09%	0.05%	0.05%
L	A	0.25%	0.03%	0.03%
LEN	D	0.15%	0.28%	0.15%
LEN	D	0.2%	0.28%	0.2%
LIN	D	0.33%	0.03%	0.03%
LLY	F	1.16%	0.57%	0.57%
LMT	D	0.15%	0.05%	0.05%
LNG	B	0.07%	0.09%	0.07%
LOW	D	0.35%	0.43%	0.35%
LRCX	F	0.2%	0.19%	0.19%
MA	C	0.59%	0.04%	0.04%
MAS	D	0.24%	0.12%	0.12%
META	D	2.28%	3.68%	2.28%
MKL	A	0.07%	0.04%	0.04%
MO	A	0.47%	0.41%	0.41%
MPC	D	0.13%	0.1%	0.1%
MPWR	F	0.06%	0.06%	0.06%
MRK	F	0.35%	0.24%	0.24%
MS	A	0.23%	0.55%	0.23%
MSFT	F	5.41%	4.24%	4.24%
MSTR	C	0.03%	0.1%	0.03%
MU	D	0.16%	0.23%	0.16%
NDAQ	A	0.06%	0.14%	0.06%
NEE	D	0.2%	0.97%	0.2%
NEM	D	0.07%	0.11%	0.07%
NOW	A	0.47%	0.3%	0.3%
NTAP	C	0.05%	0.04%	0.04%
NUE	C	0.04%	0.01%	0.01%
NVDA	C	5.97%	7.62%	5.97%
ORCL	B	0.42%	0.45%	0.42%
PANW	C	0.17%	0.18%	0.17%
PCAR	B	0.31%	0.11%	0.11%
PCG	A	0.12%	0.26%	0.12%
PFE	D	0.25%	0.14%	0.14%
PFG	D	0.04%	0.04%	0.04%
PGR	A	0.26%	0.23%	0.23%
PH	A	0.33%	0.17%	0.17%
PHM	D	0.29%	0.18%	0.18%
PKG	A	0.07%	0.1%	0.07%
PLTR	B	0.11%	0.18%	0.11%
PM	B	0.25%	0.87%	0.25%
PPL	B	0.19%	0.05%	0.05%
PSX	C	0.05%	0.1%	0.05%
PWR	A	0.11%	0.37%	0.11%
PYPL	B	0.15%	0.01%	0.01%
QCOM	F	0.48%	0.39%	0.39%
REGN	F	0.18%	0.11%	0.11%
ROK	B	0.08%	0.1%	0.08%
ROP	B	0.17%	0.09%	0.09%
ROST	C	0.06%	0.14%	0.06%
RSG	A	0.05%	0.2%	0.05%
RTX	C	0.21%	0.06%	0.06%
SHW	A	0.27%	0.01%	0.01%
SLB	C	0.05%	0.09%	0.05%
SMCI	F	0.02%	0.03%	0.02%
SNA	A	0.27%	0.04%	0.04%
SNPS	B	0.1%	0.12%	0.1%
SO	D	0.22%	0.6%	0.22%
SPGI	C	0.26%	0.55%	0.26%
STLD	B	0.11%	0.01%	0.01%
STT	A	0.09%	0.05%	0.05%
SWKS	F	0.1%	0.03%	0.03%
SYF	B	0.11%	0.18%	0.11%
TGT	F	0.16%	0.08%	0.08%
TJX	A	0.32%	0.39%	0.32%
TMO	F	0.29%	0.24%	0.24%
TMUS	B	0.41%	4.56%	0.41%
TSLA	B	1.68%	1.32%	1.32%
TT	A	0.17%	0.65%	0.17%
TTC	D	0.19%	0.02%	0.02%
TW	A	0.07%	0.06%	0.06%
TXN	C	0.29%	0.39%	0.29%
TXT	D	0.15%	0.01%	0.01%
UBER	D	0.29%	0.49%	0.29%
UNH	C	1.04%	0.01%	0.01%
UNP	C	0.38%	0.54%	0.38%
UPS	C	0.1%	0.04%	0.04%
URI	B	0.26%	0.47%	0.26%
V	A	0.64%	0.04%	0.04%
VICI	C	0.25%	0.05%	0.05%
VLO	C	0.06%	0.08%	0.06%
VLTO	D	0.03%	0.11%	0.03%
VRTX	F	0.21%	0.15%	0.15%
WAB	B	0.18%	0.07%	0.07%
WAT	B	0.26%	0.03%	0.03%
WELL	A	0.13%	0.18%	0.13%
WFC	A	0.62%	0.64%	0.62%
WMT	A	0.93%	0.45%	0.45%
WY	D	0.14%	0.03%	0.03%
XOM	B	0.99%	0.95%	0.95%
ZBRA	B	0.26%	0.04%	0.04%
ZTS	D	0.09%	0.08%	0.08%

APUE Overweight 89 Positions Relative to INRO

Symbol	Grade	Weight
DFAS	A	4.83%
PG	A	0.99%
NFLX	A	0.74%
SPG	B	0.46%
DIS	B	0.44%
T	A	0.43%
ISRG	A	0.43%
KO	D	0.42%
AER	B	0.42%
VZ	C	0.38%
CSCO	B	0.38%
AWI	A	0.38%
SYK	C	0.38%
CHDN	B	0.38%
MUSA	A	0.37%
WTM	A	0.37%
MDT	D	0.33%
PEP	F	0.32%
DECK	A	0.31%
HCA	F	0.31%
BLK	C	0.3%
MDLZ	F	0.28%
BSX	B	0.28%
POST	C	0.27%
LANC	C	0.27%
AXTA	A	0.27%
CMCSA	B	0.27%
ABT	B	0.25%
THG	A	0.25%
LW	C	0.25%
ANET	C	0.24%
MCD	D	0.23%
JKHY	D	0.23%
NEU	C	0.23%
CACC	D	0.23%
CWST	A	0.22%
QLYS	C	0.22%
DASH	A	0.2%
ESI	A	0.19%
FR	C	0.18%
PLD	D	0.18%
NI	A	0.18%
CCL	B	0.16%
REYN	D	0.15%
ED	D	0.15%
TREX	C	0.15%
UNF	B	0.14%
FOX	A	0.14%
MTN	C	0.14%
PEG	A	0.14%
DGX	A	0.13%
FOXA	B	0.13%
ZBH	C	0.13%
BRKR	D	0.13%
KMB	D	0.13%
CMG	B	0.12%
HOLX	D	0.12%
ABNB	C	0.11%
MCK	B	0.11%
CAH	B	0.1%
CL	D	0.1%
AEE	A	0.1%
CNNE	B	0.09%
CABO	C	0.09%
RCL	A	0.08%
DRI	B	0.08%
COR	B	0.08%
KVUE	A	0.07%
CRBG	B	0.07%
KHC	F	0.07%
RBLX	C	0.06%
SQ	B	0.06%
CVNA	B	0.05%
CVS	D	0.05%
GPN	B	0.05%
CI	F	0.05%
IBKR	A	0.05%
EW	C	0.05%
NWS	B	0.05%
ELV	F	0.04%
MNST	C	0.04%
ADM	D	0.03%
CNC	D	0.03%
UAL	A	0.03%
DTE	C	0.02%
RKT	F	0.02%
WPC	D	0.02%
GIS	D	0.01%
HST	C	0.0%

APUE Underweight 226 Positions Relative to INRO

Symbol	Grade	Weight
BXP	D	-1.35%
MMM	D	-0.76%
VMC	B	-0.59%
MLM	B	-0.57%
SCHW	B	-0.41%
FAST	B	-0.4%
JCI	C	-0.39%
WM	A	-0.37%
CME	A	-0.3%
DFS	B	-0.29%
MCO	B	-0.28%
EXC	C	-0.25%
CSX	B	-0.25%
Z	A	-0.25%
XEL	A	-0.24%
INTC	D	-0.22%
NSC	B	-0.22%
WCN	A	-0.21%
ORLY	B	-0.21%
PNC	B	-0.21%
EIX	B	-0.21%
NVR	D	-0.21%
USB	A	-0.2%
VST	B	-0.19%
EME	C	-0.19%
AMP	A	-0.19%
TFC	A	-0.17%
ODFL	B	-0.16%
WSO	A	-0.16%
MMC	B	-0.16%
MSCI	C	-0.16%
VRT	B	-0.16%
MRVL	B	-0.16%
AME	A	-0.15%
FE	C	-0.15%
AZO	C	-0.15%
BLDR	D	-0.15%
ITW	B	-0.15%
ES	D	-0.14%
LII	A	-0.14%
CSL	C	-0.14%
WMB	A	-0.13%
RJF	A	-0.13%
SW	A	-0.13%
OC	A	-0.12%
CDNS	B	-0.12%
NXPI	D	-0.12%
OKE	A	-0.12%
ARES	A	-0.12%
NRG	B	-0.12%
PAYX	C	-0.11%
LNT	A	-0.11%
ACM	A	-0.11%
APP	B	-0.1%
AJG	B	-0.1%
KMI	A	-0.1%
EQIX	A	-0.1%
NTRS	A	-0.1%
GLW	B	-0.09%
TSCO	D	-0.09%
MTB	A	-0.09%
TRV	B	-0.09%
VRSK	A	-0.09%
ADSK	A	-0.09%
MCHP	D	-0.08%
TRGP	B	-0.08%
OTIS	C	-0.08%
LPLA	A	-0.08%
MET	A	-0.08%
FDS	B	-0.08%
FITB	A	-0.08%
FICO	B	-0.08%
ALLE	D	-0.08%
FTNT	C	-0.08%
WDAY	B	-0.08%
PSA	D	-0.07%
BKR	B	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
MELI	D	-0.07%
PRU	A	-0.07%
AMCR	D	-0.07%
HES	B	-0.07%
AVY	D	-0.07%
CFG	B	-0.06%
JBHT	C	-0.06%
DDOG	A	-0.06%
XYL	D	-0.06%
VTR	C	-0.06%
KEYS	A	-0.06%
ON	D	-0.06%
HOOD	B	-0.06%
AOS	F	-0.06%
OXY	D	-0.06%
TEAM	A	-0.06%
FANG	D	-0.06%
F	C	-0.06%
ROL	B	-0.06%
HPQ	B	-0.06%
FBIN	D	-0.06%
IQV	D	-0.05%
WTW	B	-0.05%
ANSS	B	-0.05%
HUBS	A	-0.05%
ULTA	F	-0.05%
ATO	A	-0.05%
HPE	B	-0.05%
LDOS	C	-0.05%
CG	A	-0.05%
CCK	C	-0.05%
FTV	C	-0.05%
TROW	B	-0.05%
BURL	A	-0.05%
TPL	A	-0.05%
CDW	F	-0.05%
WSM	B	-0.05%
FCNCA	A	-0.05%
BBY	D	-0.05%
PINS	D	-0.05%
KEY	B	-0.05%
PNR	A	-0.04%
PTC	A	-0.04%
WDC	D	-0.04%
TRMB	B	-0.04%
ALNY	D	-0.04%
BRO	B	-0.04%
TYL	B	-0.04%
CINF	A	-0.04%
MKTX	D	-0.04%
HAL	C	-0.04%
EQT	B	-0.04%
SYY	B	-0.04%
BAH	F	-0.04%
TDY	B	-0.04%
TRU	D	-0.04%
SWK	D	-0.03%
MANH	D	-0.03%
MRO	B	-0.03%
DT	C	-0.03%
PSTG	D	-0.03%
ZS	C	-0.03%
PAYC	B	-0.03%
DAY	B	-0.03%
ILMN	D	-0.03%
NDSN	B	-0.03%
SBAC	D	-0.03%
WST	C	-0.03%
WRB	A	-0.03%
NOC	D	-0.03%
BIIB	F	-0.03%
DOC	D	-0.03%
TDG	D	-0.03%
GGG	B	-0.03%
SNAP	C	-0.03%
JBL	B	-0.03%
ZM	B	-0.03%
TER	D	-0.03%
IEX	B	-0.03%
AES	F	-0.03%
SSNC	B	-0.03%
STX	D	-0.03%
DKS	C	-0.03%
MTD	D	-0.03%
KMX	B	-0.03%
KNX	B	-0.03%
INCY	C	-0.02%
IT	C	-0.02%
BMRN	D	-0.02%
NBIX	C	-0.02%
LUV	C	-0.02%
MRNA	F	-0.02%
DINO	D	-0.02%
DG	F	-0.02%
SEIC	B	-0.02%
ERIE	D	-0.02%
ENPH	F	-0.02%
AXON	A	-0.02%
AVTR	F	-0.02%
AIZ	A	-0.02%
ALLY	C	-0.02%
AFG	A	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
IOT	A	-0.02%
UTHR	C	-0.02%
BBWI	D	-0.02%
CNH	C	-0.02%
LHX	C	-0.02%
MTCH	D	-0.02%
OVV	B	-0.02%
DOCU	A	-0.02%
GLPI	C	-0.02%
EBAY	D	-0.02%
CPT	B	-0.01%
FIS	C	-0.01%
SUI	D	-0.01%
DOW	F	-0.01%
ACI	C	-0.01%
MDB	C	-0.01%
RS	B	-0.01%
VRSN	F	-0.01%
MAA	B	-0.01%
HEI	B	-0.01%
INVH	D	-0.01%
RPRX	D	-0.01%
EPAM	C	-0.01%
VTRS	A	-0.01%
TWLO	A	-0.01%
BIO	D	-0.01%
NET	B	-0.01%
CTLT	B	-0.01%
APA	D	-0.01%
RIVN	F	-0.01%
EXAS	D	-0.01%
SNOW	C	-0.01%
CRL	C	-0.01%
QRVO	F	-0.01%
TECH	D	-0.01%
CHRD	D	-0.01%
BSY	D	-0.01%
LYB	F	-0.0%
HII	D	-0.0%
CHRW	C	-0.0%
HEI	B	-0.0%
WBA	F	-0.0%
EXPD	D	-0.0%