QVOY vs. GAA ETF Comparison

Comparison of Q3 All-Season Active Rotation ETF (QVOY) to Cambria Global Asset Allocation ETF (GAA)

QVOY

Q3 All-Season Active Rotation ETF

QVOY Description

Under normal circumstances, the fund will invest primarily in shares of other investment companies, including exchange-traded funds ("ETFs"), open-end mutual funds, and closed-end funds across four category "sleeves": core equity, active equity, bonds, and alternatives. The fund may indirectly invest in equity securities of all capitalization ranges and in debt securities of all credit qualities.

Grade (RS Rating)

Last Trade

$28.69

Average Daily Volume

16,421

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

9,564

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

Performance

Period	QVOY	GAA
30 Days	1.12%	2.77%
60 Days	2.01%	-0.87%
90 Days	3.71%	2.38%
12 Months	4.70%	15.05%

2 Overlapping Holdings

	Symbol	Grade	Weight in QVOY	Weight in GAA	Overlap
	GDX	D	12.34%	1.08%	1.08%
	VCIT	D	1.31%	2.94%	1.31%

QVOY Overweight 6 Positions Relative to GAA

	Symbol	Grade	Weight
	SCHG	B	14.44%
	GLDM	C	4.19%
	PFFD	C	4.13%
	ICVT	A	4.12%
	IEF	F	1.31%
	USHY	B	1.23%

QVOY Underweight 17 Positions Relative to GAA

	Symbol	Grade	Weight
	EYLD	D	-9.31%
	PDBC	D	-5.72%
	GVAL	D	-5.64%
	QMOM	A	-5.61%
	VAMO	A	-4.66%
	FYLD	D	-4.56%
	SYLD	A	-4.25%
	BAR	C	-4.12%
	HYEM	C	-4.01%
	JPMB	D	-2.94%
	SCHP	C	-2.63%
	WIP	F	-2.25%
	IMOM	D	-2.02%
	IHY	D	-1.97%
	VGIT	D	-1.9%
	VGLT	F	-1.82%
	BOXX	A	-0.98%

QVOY: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Corporate Bond Index Fund Stock Market Index Swaps American Depositary Receipt Barclays Bond Market Bullion Convertibles Dow Jones U.S. Total Stock Market Index Equity Derivative Futures Markets Gold As An Investment Gold Mining Gold Mining Industry

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government