FPAG vs. SOXX ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to iShares PHLX SOX Semiconductor Sector Index Fund (SOXX)

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

$30.94

Average Daily Volume

27,642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SOXX

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX Description

The iShares PHLX SOX Semiconductor Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index

Grade (RS Rating)

Last Trade

$216.48

Average Daily Volume

3,046,719

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	SOXX
30 Days	0.15%	-7.09%
60 Days	1.44%	-4.67%
90 Days	2.86%	-6.19%
12 Months	24.01%	25.00%

3 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in SOXX	Overlap
ADI	D	5.13%	3.85%	3.85%
AVGO	D	2.26%	8.74%	2.26%
NXPI	F	2.21%	3.69%	2.21%

FPAG Overweight 22 Positions Relative to SOXX

Symbol	Grade	Weight
GOOGL	B	6.38%
META	C	5.35%
C	B	4.88%
CMCSA	B	4.78%
TEL	C	4.58%
GOOG	B	4.17%
IFF	D	3.84%
WFC	A	3.66%
AMZN	B	3.39%
AON	B	2.69%
KMX	C	1.85%
CHTR	B	1.75%
KMI	A	1.72%
MAR	B	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 21 Positions Relative to SOXX

Symbol	Grade	Weight
NVDA	A	-10.6%
AMD	F	-8.07%
QCOM	F	-6.31%
TXN	C	-6.3%
MRVL	B	-5.04%
INTC	C	-4.72%
MU	D	-4.37%
AMAT	F	-3.69%
LRCX	F	-3.68%
MCHP	F	-3.4%
KLAC	F	-3.23%
ON	F	-3.07%
MPWR	F	-2.7%
TER	F	-1.78%
ENTG	F	-1.62%
SWKS	F	-1.44%
ONTO	F	-0.86%
OLED	F	-0.78%
MKSI	C	-0.78%
LSCC	F	-0.72%
QRVO	F	-0.68%