BUSA vs. PPI ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to AXS Astoria Inflation Sensitive ETF (PPI)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$33.62

Average Daily Volume

25,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPI

AXS Astoria Inflation Sensitive ETF

PPI Description

AXS Astoria Inflation Sensitive ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is co-managed by AXS Investments LLC, Astoria Portfolio Advisors LLC. It invests in public equity, fixed income and commodity markets of the United States. For its equity portion, it invests in stocks of companies operating across energy, financials, industrials and materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities of varying maturities. For its commodity portion, it invests through other funds in commodities. The fund employs fundamental and quantitative analysis with top-down securities picking approach to create its portfolio. The fund employs internal and external research to create its portfolio. AXS Astoria Inflation Sensitive ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$15.72

Average Daily Volume

15,230

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	PPI
30 Days	4.78%	2.34%
60 Days	6.46%	1.68%
90 Days	6.78%	2.61%
12 Months	29.83%	21.21%

3 Overlapping Holdings

Symbol	Grade	Weight in BUSA	Weight in PPI	Overlap
HAL	C	2.11%	1.48%	1.48%
SLB	C	0.99%	1.39%	0.99%
TXT	D	2.05%	0.93%	0.93%

BUSA Overweight 52 Positions Relative to PPI

Symbol	Grade	Weight
FI	A	3.53%
CVX	A	3.36%
MCK	B	3.11%
WFC	A	2.9%
BAC	A	2.86%
FLEX	A	2.58%
PNC	B	2.57%
CMCSA	B	2.48%
GOOG	C	2.41%
WTW	B	2.4%
C	A	2.38%
DOX	D	2.34%
CI	F	2.26%
FDX	B	2.24%
JPM	A	2.2%
CTVA	C	2.18%
EMR	A	2.1%
CTSH	B	2.06%
OMC	C	2.04%
SSNC	B	2.02%
SNY	F	1.96%
PFE	D	1.95%
BK	A	1.95%
MRK	F	1.92%
WRB	A	1.91%
JNJ	D	1.77%
INGR	B	1.69%
HCA	F	1.68%
AIG	B	1.61%
CAH	B	1.57%
ETR	B	1.55%
KVUE	A	1.53%
LH	C	1.49%
ACGL	D	1.44%
AZO	C	1.43%
MU	D	1.31%
STT	A	1.28%
CVS	D	1.19%
LKQ	D	1.15%
WKC	D	1.09%
KNX	B	1.08%
TFC	A	1.08%
CSCO	B	1.06%
OMF	A	1.02%
GTES	A	1.01%
BRK.A	B	0.98%
SYY	B	0.96%
GD	F	0.91%
JCI	C	0.87%
MHK	D	0.83%
OTEX	D	0.54%
QRVO	F	0.5%

BUSA Underweight 39 Positions Relative to PPI

Symbol	Grade	Weight
GLDM	C	-4.8%
XHLF	B	-3.98%
CAT	B	-3.96%
XOM	B	-3.95%
SPG	B	-2.9%
COP	C	-2.66%
URI	B	-2.63%
GDX	D	-2.52%
CEG	D	-2.21%
CBRE	B	-2.04%
SCHP	C	-1.99%
TBIL	B	-1.99%
DAL	C	-1.87%
VST	B	-1.83%
EVR	B	-1.61%
COF	B	-1.61%
JEF	A	-1.59%
CF	B	-1.56%
LYB	F	-1.55%
STIP	C	-1.53%
AMP	A	-1.49%
EOG	A	-1.47%
GPK	C	-1.44%
GLTR	C	-1.35%
DVN	F	-1.33%
STLD	B	-1.3%
SBAC	D	-1.2%
EME	C	-1.15%
FIX	A	-1.15%
OVV	B	-1.13%
NRG	B	-1.08%
RPM	A	-1.03%
FANG	D	-1.0%
BLDR	D	-1.0%
JLL	D	-0.99%
CSL	C	-0.95%
WMS	D	-0.87%
AES	F	-0.8%
CE	F	-0.56%