MVPA vs. PSCU ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

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

$36.45

Average Daily Volume

4,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.51

Average Daily Volume

3,586

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	PSCU
30 Days	9.32%	7.93%
60 Days	10.45%	7.22%
90 Days	13.04%	9.77%
12 Months		29.51%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in PSCU	Overlap
	ZD	B	4.19%	3.04%	3.04%

MVPA Overweight 30 Positions Relative to PSCU

Symbol	Grade	Weight
BFH	C	6.02%
CTO	B	5.18%
CPNG	D	4.87%
JXN	C	4.87%
CNC	D	4.71%
MSTR	B	4.69%
SMLR	B	4.51%
PYPL	B	3.9%
CROX	D	3.8%
IBTA	C	3.42%
TTE	F	3.32%
ATKR	D	2.95%
T	A	2.92%
LNC	C	2.85%
CTRN	F	2.84%
QUAD	C	2.82%
WAL	B	2.79%
TOST	B	2.58%
PRDO	B	2.51%
FTI	A	2.5%
FOUR	A	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	A	0.87%
CHRD	D	0.09%

MVPA Underweight 34 Positions Relative to PSCU

Symbol	Grade	Weight
LUMN	C	-10.06%
MGEE	B	-4.62%
MDU	D	-4.61%
MSGS	A	-4.45%
CNK	C	-4.16%
CCOI	B	-4.11%
OTTR	C	-4.07%
IAC	F	-4.06%
AWR	B	-3.87%
CARG	B	-3.76%
AVA	A	-3.7%
TDS	B	-3.7%
CWT	C	-3.64%
TGNA	B	-3.55%
CPK	A	-3.53%
SATS	D	-3.48%
YELP	C	-2.92%
CWEN	C	-2.78%
CABO	B	-2.22%
SJW	F	-1.99%
NWN	A	-1.96%
TRIP	F	-1.84%
MSEX	C	-1.43%
CARS	C	-1.38%
QNST	B	-1.38%
UTL	B	-1.15%
CWEN	C	-1.09%
TTGT	B	-0.93%
SSTK	F	-0.88%
SCHL	F	-0.76%
SHEN	F	-0.73%
THRY	D	-0.56%
GOGO	C	-0.56%
CNSL	C	-0.43%