FPAG vs. VUSE ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Vident Core US Equity ETF (VUSE)

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

$30.37

Average Daily Volume

13,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$56.67

Average Daily Volume

17,501

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	VUSE
30 Days	0.45%	2.10%
60 Days	0.36%	2.60%
90 Days	2.95%	4.87%
12 Months	28.18%	21.72%

8 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in VUSE	Overlap
AMZN	C	3.39%	2.69%	2.69%
AVGO	C	2.26%	1.85%	1.85%
CMCSA	D	4.78%	0.13%	0.13%
GOOGL	D	6.38%	0.92%	0.92%
MAR	C	1.69%	0.99%	0.99%
META	A	5.35%	1.0%	1.0%
NFLX	B	0.66%	1.26%	0.66%
UBER	C	1.16%	1.18%	1.16%

FPAG Overweight 17 Positions Relative to VUSE

Symbol	Grade	Weight
ADI	C	5.13%
C	D	4.88%
TEL	D	4.58%
GOOG	D	4.17%
IFF	C	3.84%
WFC	D	3.66%
AON	B	2.69%
NXPI	D	2.21%
KMX	D	1.85%
CHTR	D	1.75%
KMI	A	1.72%
FE	C	1.49%
HWM	B	1.29%
ICLR	D	1.26%
WAB	A	1.23%
BABA	B	0.29%
PCG	B	0.21%

FPAG Underweight 119 Positions Relative to VUSE

Symbol	Grade	Weight
ORCL	B	-2.25%
V	C	-2.15%
WMT	B	-2.12%
MA	B	-2.12%
JNJ	C	-2.02%
HD	A	-2.02%
MSFT	C	-2.0%
AAPL	C	-1.98%
KO	B	-1.95%
MRK	D	-1.92%
JPM	D	-1.9%
XOM	D	-1.89%
CVX	D	-1.89%
BAC	D	-1.77%
NVDA	D	-1.69%
PG	C	-1.32%
CMG	C	-1.3%
BKNG	B	-1.29%
MSI	B	-1.29%
ECL	A	-1.28%
ABBV	C	-1.27%
AMAT	D	-1.18%
SNPS	D	-1.17%
LLY	C	-1.13%
T	C	-1.11%
ADBE	F	-1.06%
SBUX	C	-1.05%
ADP	B	-1.04%
MCD	B	-1.02%
SHW	B	-1.01%
MO	C	-1.01%
TJX	C	-0.99%
KLAC	D	-0.89%
COST	B	-0.84%
SYK	C	-0.74%
ZTS	C	-0.74%
TMUS	C	-0.72%
FTNT	B	-0.71%
ITW	C	-0.71%
WDAY	D	-0.69%
CAT	B	-0.69%
ERIE	B	-0.66%
EME	A	-0.64%
AYI	A	-0.63%
IDCC	B	-0.62%
NOW	A	-0.62%
AMP	B	-0.62%
CVLT	B	-0.61%
JXN	B	-0.61%
FICO	B	-0.61%
TDG	B	-0.6%
NYT	C	-0.6%
CTAS	C	-0.6%
PIPR	A	-0.6%
EQH	C	-0.59%
BOX	C	-0.58%
AMR	F	-0.57%
RMD	C	-0.56%
NKE	D	-0.56%
POWL	B	-0.55%
UTHR	C	-0.55%
EPAC	B	-0.55%
DBRG	D	-0.54%
IT	A	-0.53%
CRUS	D	-0.53%
NRG	A	-0.53%
FAST	C	-0.52%
PAYX	C	-0.52%
DFIN	C	-0.51%
CORT	B	-0.51%
RDDT	C	-0.51%
EXEL	C	-0.51%
GWW	A	-0.51%
MTG	B	-0.5%
PLMR	C	-0.5%
YELP	F	-0.49%
SHO	C	-0.49%
MSCI	C	-0.49%
EA	D	-0.49%
JLL	B	-0.48%
PLAB	F	-0.48%
ODFL	D	-0.48%
TREX	F	-0.48%
MTD	D	-0.48%
IESC	C	-0.47%
LSCC	D	-0.46%
JKHY	C	-0.45%
CASH	B	-0.43%
QLYS	F	-0.43%
ON	F	-0.42%
A	C	-0.42%
BSX	B	-0.41%
ANET	A	-0.4%
EOG	D	-0.4%
ACLS	F	-0.39%
RMBS	F	-0.38%
MANH	A	-0.37%
PLTR	A	-0.37%
OTTR	D	-0.36%
CSL	B	-0.35%
NSSC	F	-0.29%
VST	A	-0.29%
CRWD	D	-0.26%
PANW	C	-0.25%
BMI	B	-0.24%
DBX	D	-0.24%
VRSK	D	-0.23%
DOCU	C	-0.23%
AOS	D	-0.23%
HCC	F	-0.23%
TRIP	F	-0.22%
PINS	F	-0.22%
MEDP	D	-0.21%
APPF	D	-0.16%
PSTG	F	-0.14%
ABNB	D	-0.14%
SPG	A	-0.13%
SEIC	C	-0.1%
SCCO	D	-0.0%