MVPL vs. JMBS ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Leverage ETF (MVPL) to Janus Henderson Mortgage-Backed Securities ETF (JMBS)

MVPL

Advisor Managed Portfolios Miller Value Partners Leverage ETF

MVPL Description

MVPL seeks to capitalize on the S&P 500's propensity to increase in value over long time horizons by opportunistically timing use of leverage when conditions seem favorable to do so. The fund is typically invested in a single unleveraged or leveraged S&P 500 ETF at any given time, depending on signals from proprietary models used by the fund adviser. The adviser uses an adaptive, data-driven approach to determine the daily trading signal, considering factors such as price levels, price changes, valuation, correlations, interest rates, and volatility measures. On a leveraged position, the fund invests in an ETF that provides 2x the daily performance of the S&P 500 and expects to be invested for periods greater than one day. As a result, the fund will be subject to the risks of compounding and its returns during this period can materially differ from that of the underlying ETF. The fund will not invest in a combination of unleveraged and leveraged ETFs at any time. Due to its investment strategy, the fund may engage in active and frequent trading.

Grade (RS Rating)

Last Trade

$32.22

Average Daily Volume

393

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JMBS

Janus Henderson Mortgage-Backed Securities ETF

JMBS Description

The investment seeks a high level of total return consisting of income and capital appreciation. The fund seeks to achieve its investment objective by investing mainly in mortgage-related instruments. Under normal circumstances, it will invest at least 80%, and often times substantially all, of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related fixed income instruments of varying maturities. Additionally, the fund may invest in derivatives.

Grade (RS Rating)

Last Trade

$44.76

Average Daily Volume

431,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPL	JMBS
30 Days	1.32%	-0.92%
60 Days	5.59%	-3.60%
90 Days	7.50%	-2.42%
12 Months		6.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVPL	Weight in JMBS	Overlap

MVPL Overweight 1 Positions Relative to JMBS

	Symbol	Grade	Weight
	SSO	B	99.92%

MVPL Underweight 7 Positions Relative to JMBS

Symbol	Grade	Weight
FNCL	A	-0.52%
UWM	B	-0.44%
GOOD	B	-0.42%
CIM	D	-0.24%
GNR	D	-0.01%
FR	D	-0.01%
FN	C	-0.01%

MVPL: Top Represented Industries & Keywords

Industries:

Keywords: Capitalization Weighted Index ETF Exchange Traded Fund Leveraged ETF Real Estate Investment Trust S&P 500 Index CBOE Stock Market Index Ultra ETF