FEPI vs. FPAG ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to FPA Global Equity ETF (FPAG)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$50.13

Average Daily Volume

187,292

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

$30.00

Average Daily Volume

13,716

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	FPAG
30 Days	-1.34%	-0.45%
60 Days	-2.18%	0.38%
90 Days	-3.47%	1.54%
12 Months		23.54%

5 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in FPAG	Overlap
AMZN	C	7.09%	3.39%	3.39%
AVGO	C	6.69%	2.26%	2.26%
GOOGL	D	6.49%	6.38%	6.38%
META	A	6.64%	5.35%	5.35%
NFLX	B	7.13%	0.66%	0.66%

FEPI Overweight 10 Positions Relative to FPAG

Symbol	Grade	Weight
TSLA	C	7.52%
ADBE	D	7.22%
PANW	D	7.01%
AAPL	D	6.81%
AMD	F	6.73%
MSFT	C	6.67%
CRM	D	6.54%
INTC	F	6.51%
NVDA	D	6.27%
MU	F	6.23%

FEPI Underweight 20 Positions Relative to FPAG

Symbol	Grade	Weight
ADI	D	-5.13%
C	D	-4.88%
CMCSA	D	-4.78%
TEL	D	-4.58%
GOOG	D	-4.17%
IFF	B	-3.84%
WFC	D	-3.66%
AON	B	-2.69%
NXPI	D	-2.21%
KMX	D	-1.85%
CHTR	D	-1.75%
KMI	A	-1.72%
MAR	C	-1.69%
FE	C	-1.49%
HWM	B	-1.29%
ICLR	D	-1.26%
WAB	A	-1.23%
UBER	C	-1.16%
BABA	C	-0.29%
PCG	C	-0.21%