ARP vs. FMCX ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to FMC Excelsior Focus Equity ETF (FMCX)

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.80

Average Daily Volume

2,161

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.96

Average Daily Volume

115

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARP	FMCX
30 Days	1.57%	3.03%
60 Days	5.12%	9.06%
90 Days	2.75%	7.37%
12 Months	19.12%	29.59%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in FMCX	Overlap

ARP Overweight 5 Positions Relative to FMCX

Symbol	Grade	Weight
VOO	B	41.16%
PHYS	A	19.85%
QQQ	C	12.38%
VWO	A	7.05%
VGLT	B	5.72%

ARP Underweight 52 Positions Relative to FMCX

Symbol	Grade	Weight
AAPL	C	-6.93%
UNH	B	-6.84%
KKR	C	-6.14%
IAC	C	-5.35%
AMZN	C	-5.01%
GDDY	D	-4.98%
MSFT	C	-4.79%
LBRDK	C	-4.24%
LSXMK	C	-4.22%
GGG	B	-3.98%
PYPL	B	-3.9%
MTCH	C	-3.18%
LSXMA	C	-1.79%
GOOGL	C	-1.77%
LBRDA	C	-1.74%
PG	C	-1.3%
PM	B	-1.21%
YUM	B	-1.18%
CMCSA	B	-1.13%
MCD	A	-1.12%
AMGN	D	-1.11%
KEYS	C	-1.06%
VUSB	A	-0.92%
ICSH	A	-0.92%
GILD	A	-0.87%
CL	D	-0.85%
MO	B	-0.84%
ENTG	D	-0.82%
ARWR	F	-0.72%
NKE	D	-0.68%
HON	B	-0.6%
DHR	B	-0.55%
GOOG	C	-0.5%
BAX	D	-0.47%
YUMC	C	-0.42%
MUSA	D	-0.4%
SPGI	C	-0.37%
MTX	D	-0.33%
KEX	C	-0.33%
EQR	C	-0.3%
JPM	D	-0.3%
MUR	F	-0.25%
V	C	-0.21%
FWONK	D	-0.21%
BKNG	C	-0.19%
FLWS	F	-0.15%
GD	A	-0.13%
BATRK	F	-0.11%
PNR	A	-0.1%
FWONA	D	-0.05%
VMEO	C	-0.03%
BATRA	F	-0.02%

ARP: Top Represented Industries & Keywords

Industries: