CAMX vs. CVRD ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to Madison Covered Call ETF (CVRD)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.26

Average Daily Volume

311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.58

Average Daily Volume

6,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	CVRD
30 Days	1.56%	0.26%
60 Days	3.04%	1.28%
90 Days	2.19%	1.98%
12 Months	21.57%	8.96%

6 Overlapping Holdings

Symbol	Grade	Weight in CAMX	Weight in CVRD	Overlap
CMCSA	B	4.29%	2.81%	2.81%
CME	B	5.18%	3.69%	3.69%
LH	B	4.59%	1.72%	1.72%
MDT	D	4.19%	2.82%	2.82%
TXN	C	4.0%	1.77%	1.77%
UNP	C	3.28%	1.52%	1.52%

CAMX Overweight 18 Positions Relative to CVRD

Symbol	Grade	Weight
DAL	B	6.92%
AL	B	5.05%
BMY	B	4.65%
GOOGL	C	4.11%
ET	A	3.9%
PPG	F	3.63%
DEO	F	3.25%
ELV	F	3.01%
ABNB	C	2.94%
UBER	F	2.86%
CNC	D	2.78%
CVX	A	2.53%
CTVA	C	2.32%
EL	F	2.23%
GS	A	2.01%
WAT	C	1.96%
AXP	A	1.57%
AMAT	F	1.25%

CAMX Underweight 36 Positions Relative to CVRD

Symbol	Grade	Weight
CSCO	B	-3.92%
LVS	B	-3.7%
GOOG	C	-3.44%
ADBE	C	-3.24%
V	A	-3.17%
PYPL	B	-3.02%
STZ	D	-2.89%
TMUS	B	-2.59%
ABT	B	-2.55%
MSFT	D	-2.49%
APD	A	-2.37%
HON	C	-2.35%
ACN	B	-2.33%
AES	F	-2.19%
A	D	-2.18%
UPS	C	-2.1%
AMZN	C	-2.08%
EMR	B	-2.04%
MCHP	F	-2.04%
ADM	D	-1.98%
AMD	F	-1.86%
LOW	C	-1.7%
AMT	C	-1.67%
PEP	F	-1.67%
MTDR	B	-1.6%
APH	A	-1.57%
HPE	B	-1.54%
JNJ	C	-1.47%
GLW	B	-1.43%
DHR	F	-1.42%
COP	C	-1.32%
FAST	B	-1.26%
ROST	D	-1.03%
RIG	D	-0.83%
DLTR	F	-0.8%
APA	D	-0.66%