FMCX vs. BNDX ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to Vanguard Total International Bond ETF (BNDX)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.88

Average Daily Volume

146

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.26

Average Daily Volume

2,675,728

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	BNDX
30 Days	3.14%	0.73%
60 Days	7.36%	2.72%
90 Days	7.25%	3.23%
12 Months	27.82%	9.15%

15 Overlapping Holdings

Symbol	Grade	Weight in FMCX	Weight in BNDX	Overlap
AAPL	C	6.93%	0.01%	0.01%
AMGN	B	1.11%	0.01%	0.01%
BAX	C	0.47%	0.01%	0.01%
BKNG	B	0.19%	0.01%	0.01%
CL	C	0.85%	0.01%	0.01%
CMCSA	C	1.13%	0.01%	0.01%
DHR	C	0.55%	0.01%	0.01%
HON	D	0.6%	0.01%	0.01%
JPM	D	0.3%	0.01%	0.01%
KKR	B	6.14%	0.01%	0.01%
MCD	A	1.12%	0.01%	0.01%
MO	C	0.84%	0.01%	0.01%
MSFT	C	4.79%	0.01%	0.01%
PG	C	1.3%	0.01%	0.01%
PM	C	1.21%	0.01%	0.01%

FMCX Overweight 37 Positions Relative to BNDX

Symbol	Grade	Weight
UNH	D	6.84%
IAC	C	5.35%
AMZN	C	5.01%
GDDY	C	4.98%
LBRDK	D	4.24%
LSXMK	D	4.22%
GGG	C	3.98%
PYPL	B	3.9%
MTCH	C	3.18%
LSXMA	D	1.79%
GOOGL	D	1.77%
LBRDA	F	1.74%
YUM	F	1.18%
KEYS	C	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	B	0.87%
ENTG	D	0.82%
ARWR	F	0.72%
NKE	D	0.68%
GOOG	D	0.5%
YUMC	C	0.42%
MUSA	D	0.4%
SPGI	B	0.37%
MTX	D	0.33%
KEX	C	0.33%
EQR	B	0.3%
MUR	D	0.25%
V	B	0.21%
FWONK	D	0.21%
FLWS	F	0.15%
GD	B	0.13%
BATRK	D	0.11%
PNR	A	0.1%
FWONA	C	0.05%
VMEO	C	0.03%
BATRA	D	0.02%

FMCX Underweight 139 Positions Relative to BNDX

Symbol	Grade	Weight
SPG	A	-0.01%
SO	A	-0.01%
SLB	F	-0.01%
SCOR	F	-0.01%
RTX	B	-0.01%
ZBH	D	-0.01%
XYL	D	-0.01%
WM	D	-0.01%
WHR	C	-0.01%
WELL	B	-0.01%
WBA	F	-0.01%
VTRS	D	-0.01%
VTR	C	-0.01%
VFC	C	-0.01%
UPS	D	-0.01%
TEL	D	-0.01%
TAP	D	-0.01%
SYY	C	-0.01%
SYK	B	-0.01%
AL	D	-0.01%
AIG	D	-0.01%
CP	C	-0.01%
COF	B	-0.01%
EMR	D	-0.01%
EMN	B	-0.01%
NDAQ	B	-0.01%
EEFT	D	-0.01%
MRK	F	-0.01%
MP	D	-0.01%
EDC	D	-0.01%
ECL	A	-0.01%
DXC	C	-0.01%
DSM	B	-0.01%
MMM	A	-0.01%
MHK	C	-0.01%
CE	D	-0.01%
CCEP	C	-0.01%
DIS	D	-0.01%
MET	A	-0.01%
MCO	C	-0.01%
MCK	F	-0.01%
MAN	C	-0.01%
MA	B	-0.01%
LYB	F	-0.01%
LLY	C	-0.01%
BWA	D	-0.01%
BX	B	-0.01%
PEP	D	-0.01%
ORCL	C	-0.01%
BSX	B	-0.01%
IFF	B	-0.01%
PSA	A	-0.01%
KMI	A	-0.01%
K	A	-0.01%
BMY	C	-0.01%
HOG	C	-0.01%
JNJ	C	-0.01%
BLK	B	-0.01%
BIP	B	-0.01%
PPL	A	-0.01%
PPG	D	-0.01%
BDX	D	-0.01%
PFE	C	-0.01%
GM	C	-0.01%
GLW	B	-0.01%
GIS	C	-0.01%
OMC	B	-0.01%
OBND	A	-0.01%
O	B	-0.01%
BACA	D	-0.01%
AZN	D	-0.01%
ASML	F	-0.01%
APTV	D	-0.01%
APD	B	-0.01%
FDX	F	-0.01%
ITW	C	-0.01%
INTC	F	-0.01%
AON	B	-0.01%
AMT	C	-0.01%
AMCR	B	-0.01%
ETN	C	-0.01%
NEE	B	-0.01%
DE	B	-0.01%
SE	A	-0.01%
RY	B	-0.01%
TMO	C	-0.01%
XOM	C	-0.01%
WPC	B	-0.01%
VOD	B	-0.01%
USB	B	-0.01%
MUFG	D	-0.01%
CRH	B	-0.01%
ADM	D	-0.01%
TD	B	-0.01%
ABBV	C	-0.01%
DOV	B	-0.01%
DOW	D	-0.01%
CB	A	-0.01%
DHY	A	-0.01%
MDT	B	-0.01%
MDLZ	C	-0.01%
KO	B	-0.01%
LIN	A	-0.01%
CAF	D	-0.01%
BHP	D	-0.01%
BG	F	-0.01%
IBM	A	-0.01%
JCI	B	-0.01%
GE	B	-0.01%
GSK	D	-0.01%
PLD	C	-0.01%
PH	B	-0.01%
EQNR	D	-0.01%
DB	B	-0.01%
FIS	B	-0.01%
BAC	D	-0.01%
GS	C	-0.01%
BMO	C	-0.01%
BNS	B	-0.01%
KSA	C	-0.01%
DLR	B	-0.01%
MS	C	-0.01%
ABT	C	-0.01%
T	C	-0.01%
UBS	C	-0.01%
WMT	B	-0.01%
WFC	D	-0.01%
VZ	B	-0.01%
SEB	D	-0.01%
STLA	F	-0.01%
C	D	-0.01%
EDF	D	-0.01%
DT	C	-0.01%
NWG	C	-0.01%
HSBC	A	-0.01%
CM	B	-0.01%
COE	C	-0.01%
CAN	F	-0.01%
BGB	A	-0.01%