FPAG vs. FBT ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to First Trust Amex Biotech Index Fund (FBT)

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

$30.98

Average Daily Volume

28,204

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBT

First Trust Amex Biotech Index Fund

FBT Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NYSE Arca Biotechnology Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$166.46

Average Daily Volume

33,658

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	FBT
30 Days	0.62%	-2.65%
60 Days	2.00%	-3.12%
90 Days	1.84%	-2.31%
12 Months	23.66%	18.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in FBT	Overlap

FPAG Overweight 25 Positions Relative to FBT

Symbol	Grade	Weight
GOOGL	C	6.38%
META	D	5.35%
ADI	D	5.13%
C	A	4.88%
CMCSA	B	4.78%
TEL	B	4.58%
GOOG	C	4.17%
IFF	D	3.84%
WFC	A	3.66%
AMZN	C	3.39%
AON	A	2.69%
AVGO	D	2.26%
NXPI	D	2.21%
KMX	B	1.85%
CHTR	C	1.75%
KMI	A	1.72%
MAR	A	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%

FPAG Underweight 30 Positions Relative to FBT

Symbol	Grade	Weight
EXEL	B	-4.51%
CORT	B	-4.07%
INCY	C	-3.97%
NTRA	A	-3.92%
ITCI	C	-3.9%
ACAD	C	-3.85%
ARGX	B	-3.74%
GILD	C	-3.66%
UTHR	C	-3.64%
CPRX	C	-3.62%
NBIX	C	-3.59%
WAT	C	-3.55%
RGEN	D	-3.46%
HALO	F	-3.44%
VRTX	D	-3.39%
ALKS	C	-3.31%
ILMN	C	-3.3%
BMRN	F	-3.15%
ALNY	D	-3.06%
GMAB	F	-3.04%
AMGN	F	-3.04%
SRPT	F	-2.96%
BIIB	F	-2.95%
BNTX	C	-2.9%
MTD	F	-2.88%
BRKR	D	-2.85%
BGNE	D	-2.76%
REGN	F	-2.6%
EXAS	D	-2.42%
MRNA	F	-2.3%

FBT: Top Represented Industries & Keywords

Industries: Biotechnology Diagnostics & Research Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Long-Term Care Facilities