MVPA vs. KEAT ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to Keating Active ETF (KEAT)

MVPA

Advisor Managed Portfolios Miller Value Partners Appreciation ETF

MVPA Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the "Adviser") believes have an above-average probability of outperforming the S&P 500® Index (the "S&P 500") over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.68

Average Daily Volume

4,255

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	KEAT
30 Days	11.68%	0.99%
60 Days	12.99%	0.14%
90 Days	15.49%	1.23%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in KEAT	Overlap
	TTE	F	3.32%	2.85%	2.85%

MVPA Overweight 30 Positions Relative to KEAT

Symbol	Grade	Weight
BFH	B	6.02%
CTO	B	5.18%
CPNG	D	4.87%
JXN	C	4.87%
CNC	D	4.71%
MSTR	C	4.69%
SMLR	B	4.51%
ZD	C	4.19%
PYPL	B	3.9%
CROX	D	3.8%
IBTA	C	3.42%
ATKR	C	2.95%
T	A	2.92%
LNC	B	2.85%
CTRN	D	2.84%
QUAD	C	2.82%
WAL	B	2.79%
TOST	B	2.58%
PRDO	B	2.51%
FTI	A	2.5%
FOUR	B	2.44%
ARLP	A	2.06%
VTRS	A	2.02%
ABNB	C	1.95%
BLDR	D	1.9%
LAD	A	1.67%
BKE	B	1.52%
MTCH	D	1.49%
EXFY	B	0.87%
CHRD	D	0.09%

MVPA Underweight 26 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	C	-28.19%
OII	B	-3.84%
GOLD	D	-3.73%
CALM	A	-3.56%
EQC	B	-3.54%
PM	B	-3.36%
TAP	C	-3.31%
VZ	C	-3.26%
EQNR	D	-3.23%
LMT	D	-3.16%
VOD	F	-3.14%
TALO	C	-2.99%
UL	D	-2.98%
LW	C	-2.42%
JNJ	D	-1.6%
AFL	B	-1.54%
XOM	B	-1.28%
TMO	F	-1.2%
WY	D	-1.16%
PEP	F	-0.9%
UPS	C	-0.84%
DOV	A	-0.81%
BRK.A	B	-0.79%
INTC	D	-0.57%
TGT	F	-0.57%
AXP	A	-0.51%