FPAG vs. QQXT ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)

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

$31.17

Average Daily Volume

28,100

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQXT

First Trust NASDAQ-100 Ex-Technology Sector Index Fund

QQXT 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 NASDAQ-100 Ex-Tech Sector 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-weighted index based on the securities of the NASDAQ-100 Index(R) that are not classified as "technology" according to the Industry Classification Benchmark ("ICB") classification system and, as a result, is a subset of the NASDAQ-100 Index(R). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$98.24

Average Daily Volume

5,123

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	QQXT
30 Days	1.33%	4.94%
60 Days	0.68%	5.95%
90 Days	2.67%	7.29%
12 Months	24.70%	19.47%

5 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in QQXT	Overlap
AMZN	C	3.39%	1.8%	1.8%
CHTR	C	1.75%	1.99%	1.75%
CMCSA	C	4.78%	1.83%	1.83%
MAR	A	1.69%	1.97%	1.69%
NFLX	B	0.66%	2.06%	0.66%

FPAG Overweight 20 Positions Relative to QQXT

Symbol	Grade	Weight
GOOGL	C	6.38%
META	D	5.35%
ADI	D	5.13%
C	A	4.88%
TEL	B	4.58%
GOOG	C	4.17%
IFF	D	3.84%
WFC	A	3.66%
AON	A	2.69%
AVGO	D	2.26%
NXPI	D	2.21%
KMX	B	1.85%
KMI	B	1.72%
FE	D	1.49%
HWM	B	1.29%
ICLR	F	1.26%
WAB	B	1.23%
UBER	D	1.16%
BABA	D	0.29%
PCG	B	0.21%

FPAG Underweight 52 Positions Relative to QQXT

Symbol	Grade	Weight
TSLA	B	-2.43%
BKNG	B	-2.11%
TTWO	B	-2.1%
BKR	C	-2.04%
TMUS	A	-2.03%
EA	C	-2.01%
LULU	C	-2.01%
FAST	B	-1.97%
WBD	C	-1.96%
PCAR	B	-1.93%
HON	B	-1.92%
CPRT	A	-1.88%
CSCO	A	-1.88%
PYPL	A	-1.88%
ODFL	B	-1.88%
ISRG	C	-1.87%
ORLY	B	-1.87%
XEL	A	-1.86%
DXCM	C	-1.85%
ADP	B	-1.84%
TTD	B	-1.83%
PAYX	B	-1.82%
VRSK	A	-1.81%
CTAS	B	-1.81%
GILD	B	-1.8%
SBUX	B	-1.79%
MNST	B	-1.78%
COST	B	-1.73%
VRTX	D	-1.72%
FANG	F	-1.72%
ABNB	C	-1.72%
CSX	B	-1.71%
ILMN	C	-1.7%
EXC	D	-1.66%
CSGP	C	-1.62%
LIN	D	-1.62%
AEP	D	-1.61%
CCEP	B	-1.6%
PEP	F	-1.58%
ROST	C	-1.56%
GEHC	F	-1.56%
MELI	C	-1.55%
CEG	D	-1.54%
KHC	D	-1.52%
MDLZ	F	-1.47%
KDP	D	-1.42%
AMGN	D	-1.41%
IDXX	F	-1.41%
AZN	F	-1.38%
BIIB	F	-1.35%
REGN	F	-1.14%
MRNA	F	-1.03%