FPAG vs. JXI ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to iShares Global Utilities ETF (JXI)

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

$30.99

Average Daily Volume

28,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JXI

iShares Global Utilities ETF

JXI Description

The investment seeks to track the investment results of an index composed of global equities in the utilities 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 S&P Global 1200 Utilities Sector IndexTM, which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), a subsidiary of McGraw Hill Financial, Inc., deems to be part of the utilities sector of the economy and that S&P believes are important to global markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$69.01

Average Daily Volume

15,370

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	JXI
30 Days	1.22%	-2.29%
60 Days	1.82%	-1.72%
90 Days	1.89%	3.81%
12 Months	23.71%	24.22%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in JXI	Overlap
	FE	C	1.49%	1.22%	1.22%
	PCG	A	0.21%	2.57%	0.21%

FPAG Overweight 23 Positions Relative to JXI

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	B	1.69%
HWM	A	1.29%
ICLR	D	1.26%
WAB	B	1.23%
UBER	D	1.16%
NFLX	A	0.66%
BABA	D	0.29%

FPAG Underweight 29 Positions Relative to JXI

Symbol	Grade	Weight
NEE	D	-8.93%
SO	D	-5.47%
DUK	C	-4.93%
CEG	D	-4.0%
SRE	A	-3.33%
AEP	D	-2.93%
VST	B	-2.79%
D	C	-2.76%
PEG	A	-2.53%
EXC	C	-2.23%
XEL	A	-2.21%
ED	D	-1.91%
EIX	B	-1.85%
ETR	B	-1.82%
WEC	A	-1.77%
AWK	D	-1.49%
DTE	C	-1.42%
PPL	B	-1.42%
AEE	A	-1.39%
ATO	A	-1.29%
ES	D	-1.26%
CMS	C	-1.16%
CNP	B	-1.15%
NRG	B	-1.09%
NI	A	-0.94%
LNT	A	-0.89%
EVRG	A	-0.84%
PNW	B	-0.6%
AES	F	-0.57%