FPAG vs. XLY ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to SPDR Select Sector Fund - Consumer Discretionary (XLY)

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

XLY

SPDR Select Sector Fund - Consumer Discretionary

XLY Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Consumer Discretionary Select Sector Index. The fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: media; retail; hotels, restaurants & leisure; textiles, apparel & luxury goods; household durables; automobiles; auto components; distributors; leisure equipment & products; and diversified consumer services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$220.25

Average Daily Volume

2,802,520

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	XLY
30 Days	1.33%	9.72%
60 Days	0.68%	9.87%
90 Days	2.67%	18.75%
12 Months	24.70%	32.04%

3 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in XLY	Overlap
AMZN	C	3.39%	23.32%	3.39%
KMX	B	1.85%	0.31%	0.31%
MAR	A	1.69%	1.7%	1.69%

FPAG Overweight 22 Positions Relative to XLY

Symbol	Grade	Weight
GOOGL	C	6.38%
META	D	5.35%
ADI	D	5.13%
C	A	4.88%
CMCSA	C	4.78%
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%
CHTR	C	1.75%
KMI	B	1.72%
FE	D	1.49%
HWM	B	1.29%
ICLR	F	1.26%
WAB	B	1.23%
UBER	D	1.16%
NFLX	B	0.66%
BABA	D	0.29%
PCG	B	0.21%

FPAG Underweight 47 Positions Relative to XLY

Symbol	Grade	Weight
TSLA	B	-16.27%
HD	A	-7.58%
BKNG	B	-4.29%
MCD	D	-4.05%
LOW	C	-3.97%
TJX	A	-3.49%
SBUX	B	-2.9%
NKE	F	-2.34%
CMG	B	-2.11%
ORLY	B	-1.83%
GM	B	-1.67%
HLT	A	-1.59%
ABNB	C	-1.53%
RCL	B	-1.42%
AZO	C	-1.38%
DHI	D	-1.24%
ROST	C	-1.22%
F	C	-1.11%
LEN	C	-1.06%
YUM	B	-0.99%
LULU	C	-0.98%
GRMN	A	-0.84%
EBAY	C	-0.78%
TSCO	C	-0.77%
NVR	D	-0.73%
PHM	C	-0.69%
DECK	A	-0.69%
CCL	B	-0.63%
EXPE	B	-0.59%
DRI	B	-0.51%
ULTA	F	-0.47%
BBY	D	-0.46%
LVS	C	-0.44%
GPC	D	-0.44%
DPZ	C	-0.39%
APTV	F	-0.37%
POOL	C	-0.35%
TPR	A	-0.34%
NCLH	B	-0.3%
LKQ	D	-0.26%
CZR	D	-0.22%
RL	B	-0.22%
MGM	F	-0.22%
WYNN	D	-0.22%
HAS	D	-0.21%
BWA	C	-0.2%
MHK	D	-0.19%