EAGL vs. FPAG ETF Comparison

Comparison of Eagle Capital Select Equity ETF (EAGL) to FPA Global Equity ETF (FPAG)

EAGL

Eagle Capital Select Equity ETF

EAGL Description

EAGL seeks to outperform the US equity markets through a narrow exposure to global value stocks. The actively managed fund generally holds 15-35 stocks assessed based on the advisers estimate of their long-term intrinsic values. The belief is that there is an opportunity to capture excess returns through a longer-term perspective. Thus, several investments of the fund are expected to be made with a five to seven-year holding period. The portfolio is constructed using a fundamental analysis that considers business changes, growth prospects, margins, industry factors, and valuation scenarios over the next 5 to 10 years, which seeks to identify a margin of safety based on valuation discount, resilience, growth opportunities, and strong management. The fund primarily focuses on US stocks and large-cap companies. However, the fund may invest in companies of any size and geographic location, including emerging markets. EAGL launched by converting an SMA with $1.8 billion in assets.

Grade (RS Rating)

Last Trade

$28.43

Average Daily Volume

49,366

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

$30.61

Average Daily Volume

27,790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EAGL	FPAG
30 Days	2.11%	-0.99%
60 Days	3.71%	0.30%
90 Days	6.56%	2.27%
12 Months		23.58%

8 Overlapping Holdings

Symbol	Grade	Weight in EAGL	Weight in FPAG	Overlap
AMZN	B	8.03%	3.39%	3.39%
AON	A	4.66%	2.69%	2.69%
CHTR	B	3.28%	1.75%	1.75%
CMCSA	B	2.46%	4.78%	2.46%
GOOGL	B	5.1%	6.38%	5.1%
META	C	5.74%	5.35%	5.35%
NFLX	A	1.65%	0.66%	0.66%
WFC	A	2.06%	3.66%	2.06%

EAGL Overweight 16 Positions Relative to FPAG

Symbol	Grade	Weight
COP	B	4.88%
UNH	B	4.31%
MSFT	D	4.11%
WDAY	C	4.03%
GEV	B	3.86%
COF	B	3.8%
AER	C	3.54%
SAP	B	3.5%
TSM	B	3.48%
HUM	D	2.83%
WWD	B	2.33%
V	A	2.21%
AA	A	2.07%
HLT	A	2.04%
ELV	F	2.0%
OXY	D	1.45%

EAGL Underweight 17 Positions Relative to FPAG

Symbol	Grade	Weight
ADI	D	-5.13%
C	A	-4.88%
TEL	C	-4.58%
GOOG	B	-4.17%
IFF	F	-3.84%
AVGO	C	-2.26%
NXPI	F	-2.21%
KMX	B	-1.85%
KMI	A	-1.72%
MAR	A	-1.69%
FE	C	-1.49%
HWM	A	-1.29%
ICLR	F	-1.26%
WAB	B	-1.23%
UBER	F	-1.16%
BABA	D	-0.29%
PCG	A	-0.21%