FPAG vs. MISL ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to First Trust Indxx Aerospace & Defense ETF (MISL)

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

$30.11

Average Daily Volume

26,425

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$27.95

Average Daily Volume

16,767

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	MISL
30 Days	1.56%	-2.80%
60 Days	5.25%	0.52%
90 Days	5.66%	3.61%
12 Months	26.72%	21.89%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in MISL	Overlap
	HWM	C	1.29%	4.92%	1.29%

FPAG Overweight 24 Positions Relative to MISL

	Symbol	Grade	Weight
	GOOGL	A	6.38%
	META	A	5.35%
	ADI	B	5.13%
	C	B	4.88%
	CMCSA	F	4.78%
	TEL	B	4.58%
	GOOG	A	4.17%
	IFF	B	3.84%
	WFC	C	3.66%
	AMZN	A	3.39%
	AON	C	2.69%
	AVGO	B	2.26%
	NXPI	B	2.21%
	KMX	C	1.85%
	CHTR	C	1.75%
	KMI	B	1.72%
	MAR	C	1.69%
	FE	C	1.49%
	ICLR	B	1.26%
	WAB	D	1.23%
	UBER	B	1.16%
	NFLX	A	0.66%
	BABA	D	0.29%
	PCG	D	0.21%

FPAG Underweight 9 Positions Relative to MISL

	Symbol	Grade	Weight
	TDG	D	-8.09%
	RTX	D	-7.89%
	GD	D	-7.68%
	LMT	C	-7.65%
	BA	C	-7.61%
	LDOS	B	-4.32%
	HEI	B	-4.19%
	LHX	B	-4.04%
	WWD	D	-3.79%

FPAG: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Banks - Global Pay TV Specialty Retail Auto & Truck Dealerships Diagnostics & Research Electronic Components Insurance Brokers Lodging Media - Diversified Oil & Gas Midstream Railroads Software - Application Specialty Chemicals Specialty Industrial Machinery Utilities - Diversified Utilities - Regulated Electric

Keywords: S&P 500 Nasdaq 100 Computing Hyperscale Mobile Devices Work From Home Aerospace Broadband IBD 50 Online Advertising Smartphones Software Telecommunications Wireless Infrastructure Advertising Network Advertising Services Advisory Services Application Programming Interface Auction Based Advertising Program Bank

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Communication Equipment Information Technology Services Specialty Industrial Machinery

Keywords: S&P 500 Aerospace Aviation Avionics Defense Systems Electronics Space Systems Weapons Actuator Business Aviation Combat Systems Communications Systems IBD 50 Ignition System Ignition Systems Information Technology Solutions Intelligence Systems Mission Systems National Security Supply Chain Management