Shareholder Report | 12 Months Ended |
Aug. 31, 2024 USD ($) $ / shares |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Trust for Professional Managers | |
Entity Central Index Key | 0001141819 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | Aug. 31, 2024 | |
ActivePassive Core Bond ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | ActivePassive Core Bond ETF | |
Class Name | ActivePassive Core Bond ETF | |
Trading Symbol | APCB | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the ActivePassive Core Bond ETF (the “Fund”) for the period of September 1, 2023 to August 31, 2024. | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.activepassive.com/apcb . You can also request this information by contacting us at 1-800-617-0004 or by sending an email request to ClientServices envestnetpmc.com . | |
Additional Information Phone Number | 1-800-617-0004 | |
Additional Information Email | ClientServices@envestnetpmc.com | |
Additional Information Website | https://www.activepassive.com/apcb | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment ActivePassive Core Bond ETF $36 0.35% | |
Expenses Paid, Amount | $ 36 | |
Expense Ratio, Percent | 0.35% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? The ActivePassive Core Bond ETF underperformed the Bloomberg U.S. Aggregate Bond Total Return Index by 28 basis points during the trailing 1-year period ended August 31, 2024, with a return of 7.02% compared with 7.30% for the index. The U.S. bond markets have provided strong performance, with yields initially pushing higher starting in September 2023 but coming back down in 2024. The recent movement lower was driven by expectations of a series of rate cuts by the Federal Reserve for the end of 2024 and 2025. The primary detractors for the Fund during the year were the international bond-U.S. dollar-hedged exposure, weak relative performance in the passive allocation, and treasury debt exposure. The primary contributors during the year were the strong relative performance from active sub-advisor allocations, the mortgage-backed securities exposure, and the corporate bond exposure. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (05/02/2023) ActivePassive Core Bond ETF NAV 7.02 3.67 ActivePassive Core Bond ETF Market 7.05 3.82 Bloomberg U.S. Aggregate Total Return Bond Index 7.30 3.75 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://www.activepassive.com/apcb for more recent performance information. Visit https://www.activepassive.com/apcb for more recent performance information. | |
Net Assets | $ 737,983,159 | |
Holdings Count | $ / shares | 1,277 | |
Advisory Fees Paid, Amount | $ 1,299,392 | |
Investment Company Portfolio Turnover | 125% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of August 31, 2024) Net Assets $737,983,159 Number of Holdings 1,277 Net Advisory Fee $1,299,392 Portfolio Turnover 125% Average Credit Quality AA- Effective Duration 5.89 years Weighted Average Maturity 8.05 years | |
Holdings [Text Block] | Top 10 Issuers United States Treasury Note/ Bond 32.8% iShares MBS ETF 12.6% Vanguard Total International Bond ETF 9.8% Federal National Mortgage Association 4.6% iShares Core U.S. Aggregate Bond ETF 3.7% Federal Home Loan Mortgage Corp. 3.4% First American Government Obligations Fund 0.7% United States Treasury Inflation Indexed Bonds 0.7% Citigroup, Inc. 0.6% International Bank for Reconstruction & Development 0.6% Top Sectors Government 36.5% Mortgage Securities 11.0% Financials ** 8.4% Energy** 2.9% Asset Backed Securities 2.5% Industrials** 2.3% Health Care** 1.8% Utilities** 1.6% Information Technology** 1.5% Cash & Other 31.5% Credit Breakdown (%) * AAA 3.4% AA 60.6% A 10.0% BBB 15.1% BB 1.4% B 0.4% NR 9.1% | [1],[2] |
Updated Prospectus Web Address | https://www.activepassive.com/apcb. | |
ActivePassive Intermediate Municipal Bond ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | ActivePassive Intermediate Municipal Bond ETF | |
Class Name | ActivePassive Intermediate Municipal Bond ETF | |
Trading Symbol | APMU | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the ActivePassive Intermediate Municipal Bond ETF (the “Fund”) for the period of September 1, 2023 to August 31, 2024. | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https:// www.activepassive.com/apmu . You can also request this information by contacting us at 1-800-617-0004 or by sending an email request to ClientServices envestnetpmc.com . | |
Additional Information Phone Number | 1-800-617-0004 | |
Additional Information Email | ClientServices@envestnetpmc.com | |
Additional Information Website | https://www.activepassive.com/apmu | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment ActivePassive Intermediate Municipal Bond ETF $36 0.35% | |
Expenses Paid, Amount | $ 36 | |
Expense Ratio, Percent | 0.35% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? The ActivePassive Intermediate Municipal Bond ETF underperformed the Bloomberg Muni 1-10 Year Blend Total Return Index, the benchmark which represents the Fund’s investable universe, by 27 basis points during the trailing 1-year period ended August 31, 2024, with a return of 4.47% compared with 4.74% for the index. The Fund also underperformed the broad-based Bloomberg Municipal Bond Index which had a return of 6.09% during the 1-year period ended August 31, 2024. The yields in the municipal markets saw similar patterns to the taxable markets, as the municipal bond yield initially moved higher starting in September 2023, but came back down. The recent movement lower was driven by expectations of a series of rate cuts by the Federal Reserve for the end of 2024 and 2025. Long duration municipal bonds benefitted the most from the shifting yield curve. The primary detractors for the Fund during the year were the weak relative performance in the passive allocation and lower quality bonds generally out-performing high quality bonds. The primary contributors during the year were the strong relative performance from active sub-advisor allocation and longer duration bonds outperforming shorter duration bonds. | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (05/02/2023) ActivePassive Intermediate Municipal Bond ETF NAV 4.47 1.83 ActivePassive Intermediate Municipal Bond ETF Market 4.63 1.95 Bloomberg Municipal Bond Index 6.09 3.79 Bloomberg Muni 1-10 Year Blend Total Return Index 4.74 3.04 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Updated Performance Information Location [Text Block] | Visit https://www.activepassive.com/apmu for more recent performance information. Visit https://www.activepassive.com/apmu for more recent performance information. | |
Net Assets | $ 139,629,955 | |
Holdings Count | $ / shares | 826 | |
Advisory Fees Paid, Amount | $ 279,764 | |
Investment Company Portfolio Turnover | 104% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of August 31, 2024) Net Assets $139,629,955 Number of Holdings 826 Net Advisory Fee $279,764 Portfolio Turnover 104% Average Credit Quality AA Effective Duration 3.61 years Weighted Average Maturity 5.01 years | |
Holdings [Text Block] | Top 10 Issuers iShares National Muni Bond ETF 4.6% First American Government Obligations Fund 4.0% State of Illinois 3.1% Commonwealth of Pennsylvania 2.1% Illinois Finance Authority 2.0% State of Florida 1.7% State of Ohio 1.6% State of Minnesota 1.6% State of Maryland 1.5% State of Wisconsin 1.4% Top Sectors US Municipal 92.8% Cash & Other 7.2% Credit Breakdown (%) * AAA 20.3% AA 48.4% A 16.1% BBB 0.9% BB+ 0.4% NR 13.9% | [3] |
Updated Prospectus Web Address | https://www.activepassive.com/apmu. | |
ActivePassive International Equity ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | ActivePassive International Equity ETF | |
Class Name | ActivePassive International Equity ETF | |
Trading Symbol | APIE | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the ActivePassive International Equity ETF (the “Fund”) for the period of September 1, 2023 to August 31, 2024. | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.activepassive.com/apie . You can also request this information by contacting us at 1-800-617-0004 or by sending an email request to ClientServices envestnetpmc.com . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 1-800-617-0004 | |
Additional Information Email | ClientServices@envestnetpmc.com | |
Additional Information Website | https://www.activepassive.com/apie | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment ActivePassive International Equity ETF $49 0.45% | |
Expenses Paid, Amount | $ 49 | |
Expense Ratio, Percent | 0.45% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? The ActivePassive International Equity ETF outperformed the S&P Classic ADR Composite Index (NR), the benchmark which represents the Fund’s investable universe, by 17 basis points during the trailing 1-year period ended August 31, 2024, with a return of 18.90% compared with 18.73% for the index. The Fund underperformed the broad-based S&P Global BMI TR Index which had a return of 22.97% during the 1-year period ended August 31, 2024. Economic growth has shown resiliency across the international markets, and while they have trailed the U.S. markets’ performance, they also provided strong returns overall. The developed markets countries were ahead of emerging markets, with weakness in Latin American countries and China detracting from relative returns. The primary detractors for the Fund during the year were the foreign large growth allocation, the exposure to the momentum factor within the Fund’s strategic beta allocation, and stock selection within Japan, France, and India. The primary contributors during the year were the emerging markets equity exposure, value and quality factors within the Fund’s strategic beta allocation, the passive allocation exposure within the market series allocation, and stock selection within the U.K., Taiwan, and Germany. Top Contributors ↑ Taiwan Semiconductor Manufacturing Co Ltd ADR ↑ SAP SE ADR ↑ RELX PLC ADR ↑ Novo Nordisk A/S ADR ↑ Schneider Electric SE ADR Top Detractors ↓ Lvmh Moet Hennessy Louis Vuitton SE ADR ↓ Nestle SA ADR ↓ Rentokil Initial PLC ADR ↓ Genmab A/S ADR ↓ STMicroelectronics NV ADR | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (05/02/2023) ActivePassive International Equity ETF NAV 18.90 15.69 ActivePassive International Equity ETF Market 18.93 15.75 S&P Global BMI TR 22.97 22.61 S&P Classic ADR Composite Index (USD) NTR 18.73 14.66 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Material Change Date | Dec. 29, 2023 | |
Updated Performance Information Location [Text Block] | Visit https://www.activepassive.com/apie for more recent performance information. Visit https://www.activepassive.com/apie for more recent performance information. | |
Net Assets | $ 801,135,505 | |
Holdings Count | $ / shares | 417 | |
Advisory Fees Paid, Amount | $ 1,687,414 | |
Investment Company Portfolio Turnover | 63% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of August 31, 2024) Net Assets $801,135,505 Number of Holdings 417 Net Advisory Fee $1,687,414 Portfolio Turnover 63% | |
Holdings [Text Block] | Top 10 Issuers Taiwan Semiconductor Manufacturing Co. Ltd. 5.4% RELX PLC 2.1% Tencent Holdings Ltd. 2.0% SAP SE 2.0% Novo Nordisk AS 1.8% Novartis AG 1.6% AstraZeneca PLC 1.5% ASML Holding NV 1.5% Roche Holding AG 1.4% Toyota Motor Corp. 1.4% Top Sectors * Financials 18.0% Information Technology 14.4% Industrials 13.9% Health Care 12.6% Consumer Discretionary 12.5% Consumer Staples 8.7% Communication Services 7.3% Materials 5.0% Energy 4.0% Cash & Other 3.6% Top Holdings Taiwan Semiconductor Manufacturing Co. Ltd. 5.4% RELX PLC 2.1% Tencent Holdings Ltd. 2.0% SAP SE 2.0% Novo Nordisk AS 1.8% Novartis AG 1.6% AstraZeneca PLC 1.5% ASML Holding NV 1.5% Roche Holding AG 1.4% Toyota Motor Corp. 1.4% | [4] |
Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since December 29, 2023 . For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2024 at https://www.activepassive.com/apie . You can also request this information by contacting us at 1-800-617-0004 or sending an email request to ClientServices envestnetpmc.com . Changes to Fund’s Investment Sub Adviser: Lazard Asset Management was added as an additional sub-adviser, managing an active strategy investing in international stocks. AllianceBernstein was removed as a sub-adviser managing an active strategy investing in international stocks. | |
Updated Prospectus Phone Number | 1-800-617-0004 | |
Updated Prospectus Email Address | ClientServices@envestnetpmc.com | |
Updated Prospectus Web Address | https://www.activepassive.com/apie | |
ActivePassive U.S. Equity ETF | | |
Shareholder Report [Line Items] | | |
Fund Name | ActivePassive U.S. Equity ETF | |
Class Name | ActivePassive U.S. Equity ETF | |
Trading Symbol | APUE | |
Security Exchange Name | NYSEArca | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the ActivePassive U.S. Equity ETF (the “Fund”) for the period of September 1, 2023 to August 31, 2024. | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.activepassive.com/apue . You can also request this information by contacting us at 1-800-617-0004 or by sending an email request to ClientServices envestnetpmc.com . | |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. | |
Additional Information Phone Number | 1-800-617-0004 | |
Additional Information Email | ClientServices@envestnetpmc.com | |
Additional Information Website | https://www.activepassive.com/apue | |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment ActivePassive U.S. Equity ETF $34 0.30% | |
Expenses Paid, Amount | $ 34 | |
Expense Ratio, Percent | 0.30% | |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? The ActivePassive U.S. Equity ETF outperformed the CRSP US Total Market Total Return Index (NR) by 91 basis points during the trailing 1-year period ended August 31, 2024, with a return of 27.08% compared with 26.17% for the index. U.S. equities generally led global markets higher during the trailing year behind investor optimism and a stronger than expected economic backdrop. The U.S. economy has continued to show signs of improvement with resilient labor markets and moderating inflation. The primary detractors for the Fund during the year were the small cap equity allocation, the value factor within the Fund’s strategic beta allocation, and stock selection within the financial services and materials sectors. The primary contributors during the year were the quality factor within the Fund’s strategic beta allocation, the passive allocation exposure within the market series allocation, and stock selection within the consumer cyclical, healthcare, and industrial sectors. Top Contributors ↑ NVIDIA Corp ↑ Dimensional US Small Cap ETF ↑ Microsoft Corp ↑ Apple Inc ↑ Meta Platforms Inc Class A Top Detractors ↓ Tesla Inc ↓ Intel Corp ↓ Cisco Systems Inc ↓ Bristol-Myers Squibb Co ↓ Pfizer Inc | |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | |
Line Graph [Table Text Block] | | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (05/02/2023) ActivePassive U.S. Equity ETF NAV 27.08 29.29 ActivePassive U.S. Equity ETF Market 26.73 29.17 CRSP US Total Market Total Return Index 26.17 28.24 | |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | |
Material Change Date | Dec. 29, 2023 | |
Updated Performance Information Location [Text Block] | Visit https://www.activepassive.com/apue for more recent performance information. Visit https://www.activepassive.com/apue for more recent performance information. | |
Net Assets | $ 1,587,666,064 | |
Holdings Count | $ / shares | 336 | |
Advisory Fees Paid, Amount | $ 2,375,960 | |
Investment Company Portfolio Turnover | 55% | |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of August 31, 2024) Net Assets $1,587,666,064 Number of Holdings 336 Net Advisory Fee $2,375,960 Portfolio Turnover 55% | |
Holdings [Text Block] | Top 10 Issuers Apple, Inc. 6.0% Microsoft Corp. 5.6% NVIDIA Corp. 5.1% Dimensional US Small Cap ETF 4.7% Alphabet, Inc. 3.5% Amazon.com, Inc. 3.1% Meta Platforms, Inc. 2.2% Berkshire Hathaway, Inc. 2.0% JPMorgan Chase & Co. 1.5% Eli Lilly & Co. 1.5% Top Sectors * Information Technology 27.9% Financials 12.6% Health Care 11.5% Consumer Discretionary 9.8% Industrials 8.8% Communication Services 8.2% Consumer Staples 5.8% Real Estate 2.8% Utilities 2.6% Cash & Other 10.0% Top Holdings Apple, Inc. 6.0% Microsoft Corp. 5.6% NVIDIA Corp. 5.1% Dimensional US Small Cap ETF 4.7% Amazon.com, Inc. 3.1% Meta Platforms, Inc. - Class A 2.2% Berkshire Hathaway, Inc. - Class B 2.0% Alphabet, Inc. - Class A 1.9% Alphabet, Inc. - Class C 1.6% JPMorgan Chase & Co. 1.5% | [5] |
Material Fund Change [Text Block] | This is a summary of certain changes to the Fund since December 29, 2023 . For more complete information, you may review the Fund’s next prospectus, which we expect to be available by December 31, 2024 at https://www.activepassive.com/apue . You can also request this information by contacting us at 1-800-617-0004 or sending an email request to ClientServices envestnetpmc.com . Changes to Fund’s Investment Sub Adviser: The London Company of Virginia was added as a sub-adviser managing an active strategy investing in small to mid-capitalization US stocks. | |
Updated Prospectus Phone Number | 1-800-617-0004 | |
Updated Prospectus Email Address | ClientServices@envestnetpmc.com | |
Updated Prospectus Web Address | https://www.activepassive.com/apue | |
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[1] * Credit quality ratings shown above reflect the rating assigned by S&P Global Ratings. This rating agency is an independent, nationally recognized statistical rating organizations and is widely used. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. ** The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. * Credit quality ratings shown above reflect the rating assigned by S&P Global Ratings. This rating agency is an independent, nationally recognized statistical rating organizations and is widely used. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. * The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. * The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |