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About Trust for Professional Managers ActivePassive International Equity ETF

APIE aims for capital appreciation by blending active and passive investment approaches. The fund aims to take advantage of low index tracking expenses and the opportunities in actively selecting securities. The passive portion of the fund uses mathematical modeling, computer systems, and data analysis to track an index of developed market ADRs or ETFs providing similar exposure. Sub-advisers are tapped to manage the active sleeve of the fund. The active piece ranges from 30% to 80% of the funds net assets and seeks to take advantage of any mispricing in emerging market securities. Under normal market conditions, the fund expects to use ADRs for such exposure, but can also hold non-US securities denominated in foreign currencies. In addition, as part of the active allocation, a beta strategy emphasizing value, momentum, and quality investment styles may also be utilized. The sub-advisers may engage in active trading and cause a high portfolio turnover.