FPAG vs. IYG ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to iShares U.S. Financial Services ETF (IYG)

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

$30.51

Average Daily Volume

27,768

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IYG

iShares U.S. Financial Services ETF

IYG Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financial Services Index (the "underlying index"), which measures the performance of the financial services sector of the U.S. equity market. It is a subset of the Dow Jones U.S. Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.99

Average Daily Volume

45,386

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	IYG
30 Days	-1.42%	6.76%
60 Days	2.06%	14.11%
90 Days	2.54%	16.67%
12 Months	23.31%	50.45%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in IYG	Overlap
	C	A	4.88%	2.15%	2.15%
	WFC	A	3.66%	3.94%	3.66%

FPAG Overweight 23 Positions Relative to IYG

Symbol	Grade	Weight
GOOGL	B	6.38%
META	C	5.35%
ADI	D	5.13%
CMCSA	B	4.78%
TEL	C	4.58%
GOOG	B	4.17%
IFF	D	3.84%
AMZN	B	3.39%
AON	A	2.69%
AVGO	C	2.26%
NXPI	F	2.21%
KMX	B	1.85%
CHTR	B	1.75%
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	C	1.16%
NFLX	A	0.66%
BABA	D	0.29%
PCG	A	0.21%

FPAG Underweight 100 Positions Relative to IYG

Symbol	Grade	Weight
BRK.A	A	-13.96%
JPM	A	-11.14%
V	A	-8.46%
MA	A	-7.08%
BAC	A	-5.01%
GS	A	-3.05%
AXP	A	-2.67%
MS	A	-2.65%
SPGI	C	-2.64%
BLK	A	-2.39%
BX	A	-2.1%
SCHW	A	-1.81%
KKR	A	-1.68%
ICE	D	-1.48%
PNC	A	-1.34%
CME	A	-1.32%
USB	B	-1.28%
MCO	C	-1.21%
APO	A	-1.19%
COF	A	-1.17%
TFC	A	-1.02%
BK	A	-0.95%
AMP	A	-0.89%
COIN	A	-0.86%
MSCI	A	-0.75%
DFS	A	-0.73%
MTB	A	-0.58%
NDAQ	A	-0.54%
FITB	A	-0.52%
ARES	B	-0.51%
RJF	A	-0.48%
STT	A	-0.47%
TROW	A	-0.44%
SYF	A	-0.43%
FCNCA	A	-0.43%
HBAN	A	-0.42%
RF	A	-0.39%
LPLA	A	-0.38%
HOOD	A	-0.35%
CFG	A	-0.35%
CBOE	D	-0.35%
NTRS	A	-0.35%
KEY	A	-0.3%
FDS	A	-0.3%
IBKR	A	-0.3%
TW	B	-0.25%
EQH	B	-0.25%
EWBC	A	-0.24%
SOFI	A	-0.21%
SF	A	-0.2%
OWL	A	-0.2%
JEF	A	-0.19%
FHN	A	-0.18%
EVR	A	-0.18%
CG	B	-0.18%
MKTX	C	-0.17%
ALLY	C	-0.17%
MORN	B	-0.16%
HLI	A	-0.16%
WAL	A	-0.16%
WBS	A	-0.16%
CFR	A	-0.15%
CMA	A	-0.15%
PNFP	A	-0.15%
SNV	A	-0.14%
SSB	A	-0.14%
IVZ	B	-0.14%
WTFC	A	-0.14%
ZION	A	-0.14%
PB	A	-0.13%
HLNE	A	-0.13%
SEIC	A	-0.13%
VOYA	A	-0.13%
CBSH	A	-0.13%
LAZ	B	-0.12%
BPOP	C	-0.12%
GBCI	A	-0.11%
MTG	C	-0.11%
BEN	C	-0.11%
OMF	A	-0.11%
JHG	A	-0.1%
TPG	B	-0.1%
ESNT	D	-0.1%
FNB	A	-0.1%
FFIN	A	-0.09%
RDN	C	-0.09%
SLM	A	-0.09%
HOMB	A	-0.09%
UMBF	A	-0.09%
UBSI	A	-0.09%
AMG	A	-0.09%
OZK	A	-0.08%
VLY	A	-0.07%
FCFS	F	-0.07%
VIRT	A	-0.05%
CACC	D	-0.05%
RKT	F	-0.04%
BOKF	A	-0.04%
UWMC	F	-0.01%
TFSL	A	-0.01%