EQTY vs. FPAG ETF Comparison

Comparison of Kovitz Core Equity ETF (EQTY) to FPA Global Equity ETF (FPAG)

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$23.91

Average Daily Volume

36,225

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

$30.82

Average Daily Volume

27,642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQTY	FPAG
30 Days	0.78%	0.15%
60 Days	4.09%	1.44%
90 Days	6.56%	2.86%
12 Months	27.72%	24.01%

7 Overlapping Holdings

Symbol	Grade	Weight in EQTY	Weight in FPAG	Overlap
ADI	D	1.73%	5.13%	1.73%
AMZN	B	4.81%	3.39%	3.39%
AON	B	2.92%	2.69%	2.69%
GOOG	B	4.14%	4.17%	4.14%
GOOGL	B	0.49%	6.38%	0.49%
KMX	C	3.36%	1.85%	1.85%
META	C	4.81%	5.35%	4.81%

EQTY Overweight 31 Positions Relative to FPAG

Symbol	Grade	Weight
SCHW	A	4.68%
BDX	F	3.98%
KEYS	A	3.93%
V	A	3.77%
CRM	B	3.76%
PM	A	3.75%
J	D	3.58%
ICE	D	3.4%
FI	A	3.18%
LOW	C	3.16%
BRK.A	B	3.16%
PCAR	C	3.13%
AXP	B	3.02%
ORCL	A	2.96%
JPM	B	2.57%
PPG	F	2.36%
MSI	A	2.08%
AAPL	C	1.89%
DLTR	F	1.86%
ANET	D	1.84%
DEO	F	1.72%
AMAT	F	1.67%
HAS	D	1.07%
AMD	F	0.94%
HAYW	B	0.65%
MSFT	D	0.24%
SYK	A	0.13%
GGG	B	0.1%
VRSK	A	0.08%
ABT	B	0.06%
EFX	F	0.06%

EQTY Underweight 18 Positions Relative to FPAG

Symbol	Grade	Weight
C	B	-4.88%
CMCSA	B	-4.78%
TEL	C	-4.58%
IFF	D	-3.84%
WFC	A	-3.66%
AVGO	D	-2.26%
NXPI	F	-2.21%
CHTR	B	-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	F	-1.16%
NFLX	A	-0.66%
BABA	D	-0.29%
PCG	A	-0.21%