PAPI vs. FWD ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to AB Disruptors ETF (FWD)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FWD
30 Days	3.08%	6.41%
60 Days	3.73%	8.28%
90 Days	4.88%	8.11%
12 Months	19.25%	46.37%

7 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FWD	Overlap
ABBV	D	0.46%	0.73%	0.46%
ABT	B	0.52%	0.52%	0.52%
ADI	D	0.48%	0.63%	0.48%
BKR	B	0.62%	0.85%	0.62%
MSFT	F	0.53%	0.7%	0.53%
SYK	C	0.57%	0.81%	0.57%
TXN	C	0.53%	1.51%	0.53%

PAPI Overweight 182 Positions Relative to FWD

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
IP	B	0.63%
DTM	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
EA	A	0.59%
PB	A	0.59%
MO	A	0.59%
IDA	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
TRV	B	0.57%
SRE	A	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
LH	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
XEL	A	0.57%
CVX	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
CAH	B	0.56%
EOG	A	0.56%
RS	B	0.56%
PKG	A	0.56%
PM	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
PPL	B	0.55%
DCI	B	0.55%
INGR	B	0.55%
UNH	C	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	B	0.55%
T	A	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
CMCSA	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
CSCO	B	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
TJX	A	0.54%
ADP	B	0.54%
MTN	C	0.54%
AEE	A	0.54%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
GILD	C	0.53%
PRU	A	0.53%
PAYX	C	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	B	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	B	0.52%
LNT	A	0.52%
BMI	B	0.52%
ROP	B	0.52%
NFG	A	0.52%
PG	A	0.52%
ATR	B	0.52%
PEG	A	0.52%
UPS	C	0.52%
HPQ	B	0.52%
EXPD	D	0.52%
XOM	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
WEC	A	0.52%
CME	A	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	D	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	D	0.51%
OXM	D	0.51%
MDT	D	0.51%
CTVA	C	0.5%
BDX	F	0.5%
JNJ	D	0.5%
DUK	C	0.5%
RTX	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
FE	C	0.5%
GD	F	0.5%
ACN	C	0.5%
VZ	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
AEP	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
D	C	0.5%
MTG	C	0.5%
SO	D	0.5%
AFL	B	0.5%
DOX	D	0.49%
OMC	C	0.49%
CHE	D	0.49%
KMB	D	0.49%
BBY	D	0.49%
PPG	F	0.49%
SON	D	0.49%
FLO	D	0.49%
LIN	D	0.49%
JKHY	D	0.49%
EMN	D	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	D	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ED	D	0.48%
PEP	F	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
AMCR	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
MRK	F	0.46%
IBM	C	0.46%
IPG	D	0.45%
SWKS	F	0.45%
GPC	D	0.45%
KO	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
PFE	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
HII	D	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 72 Positions Relative to FWD

Symbol	Grade	Weight
NVDA	C	-5.29%
TSLA	B	-3.08%
VST	B	-2.35%
GEV	B	-2.15%
ORCL	B	-1.81%
AMZN	C	-1.73%
VRT	B	-1.67%
ISRG	A	-1.62%
BSX	B	-1.56%
NFLX	A	-1.54%
ANET	C	-1.53%
META	D	-1.41%
SHOP	B	-1.39%
PLTR	B	-1.33%
GOOGL	C	-1.3%
AVGO	D	-1.29%
HWM	A	-1.21%
SPOT	B	-1.16%
FTNT	C	-1.15%
EPAM	C	-1.14%
CRWD	B	-1.11%
ETN	A	-1.09%
APO	B	-1.09%
COHR	B	-1.06%
DASH	A	-1.06%
TTD	B	-1.05%
TT	A	-1.05%
MRVL	B	-1.02%
MU	D	-1.01%
DDOG	A	-0.99%
CAT	B	-0.98%
ON	D	-0.98%
IOT	A	-0.98%
TEAM	A	-0.95%
LSCC	D	-0.94%
LRCX	F	-0.94%
TER	D	-0.93%
ARM	D	-0.91%
MDB	C	-0.91%
AMAT	F	-0.87%
WAB	B	-0.86%
NEE	D	-0.79%
GWRE	A	-0.79%
LLY	F	-0.76%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
SNPS	B	-0.72%
RBLX	C	-0.72%
ADBE	C	-0.71%
AMD	F	-0.7%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
BKNG	A	-0.63%
MELI	D	-0.62%
TMO	F	-0.58%
ILMN	D	-0.56%
NOW	A	-0.55%
GTLB	B	-0.53%
RDDT	B	-0.53%
UBER	D	-0.52%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
ABNB	C	-0.46%
IPGP	D	-0.44%
IQV	D	-0.43%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%