IVAL vs. FPXE ETF Comparison

Comparison of ValueShares International Quantitative Value ETF (IVAL) to First Trust IPOX Europe Equity Opportunities ETF (FPXE)

IVAL

ValueShares International Quantitative Value ETF

IVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily - generally greater than 80%, but at least 65% of its net assets, plus any borrowings for investment purposes - in equity securities of international companies that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest primarily in the exchange-listed common stock of international companies and depositary receipts. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.55

Average Daily Volume

15,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$26.14

Average Daily Volume

1,244

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVAL	FPXE
30 Days	1.08%	2.12%
60 Days	-1.11%	5.37%
90 Days	-1.00%	8.34%
12 Months	11.47%	21.28%

1 Overlapping Holdings

	Symbol	Grade	Weight in IVAL	Weight in FPXE	Overlap
	HAFN	F	2.06%	1.63%	1.63%

IVAL Overweight 2 Positions Relative to FPXE

	Symbol	Grade	Weight
	HMC	F	1.95%
	STLA	F	1.89%

IVAL Underweight 16 Positions Relative to FPXE

Symbol	Grade	Weight
ARM	C	-8.57%
NVT	D	-5.13%
MNDY	C	-3.36%
SPOT	D	-3.2%
ONON	D	-2.16%
BIRK	C	-1.72%
ICLR	B	-1.33%
CLBT	C	-1.01%
MRUS	C	-0.76%
JHG	B	-0.22%
CNTA	C	-0.16%
ZGN	F	-0.11%
SPNT	C	-0.08%
OSW	B	-0.07%
RSKD	C	-0.05%
IMTX	C	-0.05%

IVAL: Top Represented Industries & Keywords

Industries: Auto Manufacturers Marine Shipping