CWI vs. APIE ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to Trust for Professional Managers ActivePassive International Equity ETF (APIE)

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.64

Average Daily Volume

163,794

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$28.68

Average Daily Volume

48,283

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

Performance

Period	CWI	APIE
30 Days	-2.65%	-4.27%
60 Days	-6.41%	-7.41%
90 Days	-2.95%	-3.27%
12 Months	13.13%	12.66%

65 Overlapping Holdings

Symbol	Grade	Weight in CWI	Weight in APIE	Overlap
ABBV	D	0.45%	0.36%	0.36%
ABEV	D	0.06%	0.11%	0.06%
ATHM	D	0.01%	0.03%	0.01%
BABA	D	0.08%	1.14%	0.08%
BABA	D	0.56%	1.14%	0.56%
BBD	F	0.07%	0.1%	0.07%
BCS	C	0.22%	0.83%	0.22%
BEKE	D	0.05%	0.07%	0.05%
BGNE	D	0.04%	0.1%	0.04%
BIDU	F	0.1%	0.06%	0.06%
BILI	D	0.02%	0.03%	0.02%
BRFS	D	0.02%	0.02%	0.02%
BVN	F	0.01%	0.01%	0.01%
BZ	F	0.01%	0.02%	0.01%
CHKP	D	0.07%	0.31%	0.07%
CHT	C	0.11%	0.08%	0.08%
CIB	B	0.05%	0.08%	0.05%
CIG	B	0.04%	0.08%	0.04%
DEO	F	0.27%	0.72%	0.27%
E	F	0.15%	0.3%	0.15%
ENIC	D	0.04%	0.02%	0.02%
FUTU	D	0.02%	0.08%	0.02%
GGB	C	0.03%	0.03%	0.03%
HDB	A	0.26%	0.98%	0.26%
HMC	F	0.16%	0.54%	0.16%
HTHT	F	0.03%	0.04%	0.03%
IBN	B	0.28%	0.51%	0.28%
INFY	A	0.32%	0.54%	0.32%
IQ	F	0.0%	0.0%	0.0%
ITUB	D	0.15%	0.16%	0.15%
KB	B	0.12%	0.23%	0.12%
LEGN	F	0.02%	0.01%	0.01%
LI	F	0.05%	0.09%	0.05%
LOGI	D	0.03%	0.25%	0.03%
LYG	F	0.16%	0.44%	0.16%
MFG	B	0.16%	0.42%	0.16%
MT	D	0.05%	0.35%	0.05%
MUFG	C	0.51%	0.56%	0.51%
NIO	F	0.03%	0.04%	0.03%
NMR	B	0.08%	0.31%	0.08%
NVS	D	0.8%	1.33%	0.8%
PDD	F	0.26%	0.52%	0.26%
PHI	F	0.02%	0.05%	0.02%
PKX	F	0.07%	0.09%	0.07%
QFIN	A	0.02%	0.08%	0.02%
RDY	F	0.08%	0.27%	0.08%
SBSW	F	0.01%	0.0%	0.0%
SE	B	0.16%	0.17%	0.16%
SHG	D	0.09%	0.28%	0.09%
SMFG	C	0.27%	0.57%	0.27%
SQM	F	0.03%	0.01%	0.01%
TAL	D	0.02%	0.02%	0.02%
TCOM	B	0.13%	0.31%	0.13%
TEVA	D	0.07%	0.14%	0.07%
TM	F	0.69%	1.19%	0.69%
TME	F	0.04%	0.04%	0.04%
TSM	D	3.09%	5.95%	3.09%
UL	D	0.54%	1.28%	0.54%
UMC	F	0.1%	0.13%	0.1%
VALE	F	0.01%	0.23%	0.01%
VALE	F	0.13%	0.23%	0.13%
VIPS	F	0.03%	0.06%	0.03%
WIT	A	0.04%	0.14%	0.04%
XPEV	C	0.02%	0.05%	0.02%
XPEV	C	0.01%	0.05%	0.01%

CWI Overweight 24 Positions Relative to APIE

Symbol	Grade	Weight
HSBH	B	0.67%
SHOP	B	0.48%
SONY	B	0.48%
TD	F	0.43%
CNI	F	0.31%
STLA	F	0.1%
BAP	C	0.09%
YUMC	C	0.07%
XRX	F	0.05%
WIX	A	0.05%
CYBR	A	0.05%
GRAB	B	0.04%
AGCO	D	0.04%
RBA	B	0.04%
CSAN	F	0.03%
AER	A	0.03%
OTEX	D	0.03%
MNDY	C	0.03%
SID	F	0.02%
KEP	B	0.02%
GLBE	B	0.01%
MBAVU	C	0.01%
QGEN	D	0.0%
SCCO	F	0.0%

CWI Underweight 150 Positions Relative to APIE

Symbol	Grade	Weight
SAP	B	-2.01%
RELX	D	-1.51%
NVO	D	-1.45%
AZN	D	-1.23%
HSBC	B	-1.21%
ASML	F	-1.16%
BTI	B	-0.91%
SNY	D	-0.76%
TAK	F	-0.76%
BHP	F	-0.75%
RIO	F	-0.71%
BP	F	-0.69%
IX	F	-0.65%
GSK	F	-0.65%
BUD	F	-0.64%
TTE	F	-0.6%
SAN	F	-0.54%
NGG	D	-0.53%
BBVA	F	-0.5%
ING	F	-0.48%
PHG	D	-0.47%
NWG	C	-0.43%
JD	D	-0.41%
IHG	A	-0.4%
TEF	D	-0.39%
ERIC	B	-0.34%
AON	A	-0.34%
PSO	A	-0.33%
ACN	B	-0.31%
VOD	D	-0.31%
SKM	C	-0.3%
NOK	D	-0.3%
HLN	D	-0.29%
RTO	C	-0.27%
SNN	D	-0.26%
KT	A	-0.26%
JHX	C	-0.22%
EQNR	D	-0.2%
FMS	B	-0.19%
GLPG	F	-0.18%
ASX	D	-0.17%
PBR	C	-0.17%
WPP	B	-0.15%
DOOO	F	-0.13%
ERJ	A	-0.13%
WF	C	-0.13%
CRTO	C	-0.12%
NTES	C	-0.12%
CUK	B	-0.12%
FINV	C	-0.12%
ZTO	F	-0.1%
ARGX	B	-0.1%
SBS	B	-0.09%
SW	B	-0.09%
TS	B	-0.08%
WDS	F	-0.08%
BCH	F	-0.07%
HMY	D	-0.07%
GRFS	C	-0.07%
NICE	C	-0.07%
GFI	D	-0.07%
NNDM	D	-0.06%
CCU	D	-0.06%
PAC	C	-0.06%
AKO.A	F	-0.06%
KOF	F	-0.06%
ASR	F	-0.06%
YY	C	-0.06%
ARM	D	-0.05%
FMX	F	-0.05%
SOHU	D	-0.05%
MTLS	B	-0.05%
GGAL	B	-0.05%
GOLD	D	-0.05%
GMAB	F	-0.05%
PAM	B	-0.05%
BNTX	C	-0.05%
CX	F	-0.05%
AKO.A	F	-0.05%
DRD	D	-0.04%
TKC	C	-0.04%
STM	F	-0.04%
BWAY	B	-0.04%
YMM	B	-0.04%
OPRA	B	-0.04%
IMOS	F	-0.04%
BLTE	C	-0.03%
VLRS	C	-0.03%
CANG	B	-0.03%
MYTE	C	-0.03%
TLK	D	-0.03%
EBR	F	-0.03%
TX	F	-0.03%
CRESY	B	-0.03%
OMAB	F	-0.03%
DAVA	C	-0.03%
VIST	B	-0.03%
YPF	B	-0.03%
ELP	D	-0.02%
BMA	B	-0.02%
GDS	D	-0.02%
LPL	F	-0.02%
ATAT	D	-0.02%
UGP	F	-0.02%
ASAI	D	-0.02%
HIMX	F	-0.02%
ASND	D	-0.02%
SUPV	B	-0.02%
SUZ	C	-0.02%
XYF	C	-0.02%
MOMO	D	-0.02%
IMMP	F	-0.02%
EDAP	F	-0.01%
JMIA	F	-0.01%
YALA	D	-0.01%
KC	C	-0.01%
DOYU	C	-0.01%
BZUN	F	-0.01%
MNSO	D	-0.01%
DAO	B	-0.01%
HUYA	F	-0.01%
CLLS	D	-0.01%
CEPU	B	-0.01%
TV	F	-0.01%
JFIN	D	-0.01%
GRVY	C	-0.01%
JKS	F	-0.01%
TEO	B	-0.01%
OTLY	F	-0.01%
RERE	B	-0.01%
MREO	F	-0.01%
IPHA	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%
DADA	F	-0.0%
TOUR	D	-0.0%
SIMO	F	-0.0%
RLX	C	-0.0%
YRD	F	-0.0%
EH	F	-0.0%
DDL	C	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers