BUSA vs. QVAL ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to ValueShares U.S. Quantitative Value ETF (QVAL)

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

$33.34

Average Daily Volume

24,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.14

Average Daily Volume

18,767

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	QVAL
30 Days	3.82%	1.96%
60 Days	5.79%	1.90%
90 Days	5.90%	3.12%
12 Months	28.77%	25.13%

6 Overlapping Holdings

Symbol	Grade	Weight in BUSA	Weight in QVAL	Overlap
CMCSA	B	2.48%	1.99%	1.99%
CTSH	B	2.06%	2.02%	2.02%
CVS	D	1.19%	1.95%	1.19%
GTES	A	1.01%	2.11%	1.01%
MHK	D	0.83%	2.0%	0.83%
OMC	C	2.04%	1.89%	1.89%

BUSA Overweight 49 Positions Relative to QVAL

Symbol	Grade	Weight
FI	A	3.53%
CVX	A	3.36%
MCK	A	3.11%
WFC	A	2.9%
BAC	A	2.86%
FLEX	B	2.58%
PNC	B	2.57%
GOOG	C	2.41%
WTW	B	2.4%
C	A	2.38%
DOX	D	2.34%
CI	D	2.26%
FDX	B	2.24%
JPM	A	2.2%
CTVA	C	2.18%
HAL	C	2.11%
EMR	B	2.1%
TXT	D	2.05%
SSNC	B	2.02%
SNY	F	1.96%
PFE	F	1.95%
BK	A	1.95%
MRK	D	1.92%
WRB	A	1.91%
JNJ	C	1.77%
INGR	C	1.69%
HCA	F	1.68%
AIG	B	1.61%
CAH	B	1.57%
ETR	B	1.55%
KVUE	A	1.53%
LH	B	1.49%
ACGL	C	1.44%
AZO	C	1.43%
MU	D	1.31%
STT	B	1.28%
LKQ	F	1.15%
WKC	C	1.09%
KNX	C	1.08%
TFC	A	1.08%
CSCO	B	1.06%
OMF	A	1.02%
SLB	C	0.99%
BRK.A	B	0.98%
SYY	D	0.96%
GD	D	0.91%
JCI	B	0.87%
OTEX	F	0.54%
QRVO	F	0.5%

BUSA Underweight 44 Positions Relative to QVAL

Symbol	Grade	Weight
TPR	B	-2.28%
BKR	A	-2.26%
UAL	A	-2.22%
MO	A	-2.19%
TAP	C	-2.18%
FTI	A	-2.15%
ALSN	B	-2.14%
HES	B	-2.14%
FOXA	A	-2.12%
LRN	A	-2.12%
DAL	B	-2.1%
SNA	A	-2.1%
WFRD	D	-2.07%
TGT	F	-2.07%
URBN	C	-2.06%
SM	B	-2.06%
ANF	F	-2.05%
SIG	B	-2.02%
JBL	C	-2.02%
TOL	B	-2.01%
HPQ	B	-2.0%
MMM	D	-1.99%
TEX	F	-1.99%
UTHR	C	-1.98%
WSM	C	-1.97%
CAT	B	-1.97%
HRB	D	-1.96%
GPK	C	-1.95%
BBY	D	-1.94%
DKS	D	-1.94%
LEN	D	-1.92%
CNH	C	-1.9%
ELV	F	-1.9%
THC	D	-1.89%
LYB	F	-1.88%
CNC	D	-1.87%
FCX	F	-1.87%
UHS	D	-1.87%
CRI	F	-1.85%
IPG	D	-1.8%
MAT	D	-1.78%
MOH	F	-1.76%
ASO	F	-1.76%
CROX	D	-1.7%