BWTG vs. FPAG ETF Comparison

Comparison of Brendan Wood TopGun Index ETF (BWTG) to FPA Global Equity ETF (FPAG)

BWTG

Brendan Wood TopGun Index ETF

BWTG Description

The fund seeks to achieve its investment objective by investing, under normal market circumstances, a substantial portion of its assets in publicly listed equity securities included in a model portfolio provided by the fund"s investment sub-adviser. Construction of the model begins with the identification of approximately 1,400 companies composing the Brendan Wood "Shareholder Conviction Universe", which are generally stocks of liquid large and mid-capitalization companies that trade on a national exchange in the United States, including ADRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.41

Average Daily Volume

3,374

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

$31.20

Average Daily Volume

28,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BWTG	FPAG
30 Days	2.08%	1.22%
60 Days	2.65%	1.82%
90 Days	4.97%	1.89%
12 Months	35.67%	23.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in BWTG	Weight in FPAG	Overlap
	AMZN	C	4.41%	3.39%	3.39%
	GOOG	C	3.99%	4.17%	3.99%

BWTG Overweight 20 Positions Relative to FPAG

Symbol	Grade	Weight
NVDA	C	6.86%
PGR	A	5.05%
TMUS	B	4.61%
COST	B	4.46%
JPM	A	4.43%
AVB	B	4.04%
TDG	D	3.98%
WELL	A	3.93%
PH	A	3.89%
WCN	A	3.88%
MA	C	3.86%
V	A	3.71%
HD	A	3.69%
MMC	B	3.67%
MSFT	F	3.57%
UNH	C	3.43%
HCA	F	3.34%
DHR	F	3.21%
PLD	D	2.71%
NEE	D	2.54%

BWTG Underweight 23 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	C	-6.38%
META	D	-5.35%
ADI	D	-5.13%
C	A	-4.88%
CMCSA	B	-4.78%
TEL	B	-4.58%
IFF	D	-3.84%
WFC	A	-3.66%
AON	A	-2.69%
AVGO	D	-2.26%
NXPI	D	-2.21%
KMX	B	-1.85%
CHTR	C	-1.75%
KMI	A	-1.72%
MAR	B	-1.69%
FE	C	-1.49%
HWM	A	-1.29%
ICLR	D	-1.26%
WAB	B	-1.23%
UBER	D	-1.16%
NFLX	A	-0.66%
BABA	D	-0.29%
PCG	A	-0.21%