ABEQ vs. FPAG ETF Comparison

Comparison of Absolute Core Strategy ETF (ABEQ) to FPA Global Equity ETF (FPAG)

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

4,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.35

Average Daily Volume

13,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ABEQ	FPAG
30 Days	0.51%	1.97%
60 Days	3.36%	2.43%
90 Days	5.95%	3.74%
12 Months	14.76%	27.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in ABEQ	Weight in FPAG	Overlap
	CMCSA	D	3.42%	4.78%	3.42%
	IFF	B	2.67%	3.84%	2.67%

ABEQ Overweight 13 Positions Relative to FPAG

Symbol	Grade	Weight
BRK.A	C	11.26%
UL	C	7.0%
L	C	6.33%
MDT	C	4.53%
MRK	D	4.35%
DD	B	4.14%
TRV	C	3.65%
EQC	C	3.41%
EOG	D	3.29%
CSCO	C	2.91%
CTVA	B	2.85%
VZ	B	2.57%
CCI	C	1.53%

ABEQ Underweight 23 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	D	-6.38%
META	B	-5.35%
ADI	C	-5.13%
C	C	-4.88%
TEL	D	-4.58%
GOOG	D	-4.17%
WFC	D	-3.66%
AMZN	C	-3.39%
AON	B	-2.69%
AVGO	C	-2.26%
NXPI	F	-2.21%
KMX	D	-1.85%
CHTR	D	-1.75%
KMI	B	-1.72%
MAR	C	-1.69%
FE	C	-1.49%
HWM	B	-1.29%
ICLR	D	-1.26%
WAB	B	-1.23%
UBER	C	-1.16%
NFLX	B	-0.66%
BABA	B	-0.29%
PCG	C	-0.21%