SAGP vs. FMAT ETF Comparison

Comparison of Strategas Global Policy Opportunities ETF (SAGP) to Fidelity MSCI Materials Index ETF (FMAT)

SAGP

Strategas Global Policy Opportunities ETF

SAGP Description

Strategas Global Policy Opportunities ETF is an exchange traded fund launched by The Advisors' Inner Circle Fund III. The fund is co-managed by Strategas Asset Management, LLC and Vident Investment Advisory, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. Strategas Global Policy Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.41

Average Daily Volume

2,103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.01

Average Daily Volume

33,943

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	SAGP	FMAT
30 Days	2.29%	0.02%
60 Days	2.33%	1.58%
90 Days	3.29%	3.81%
12 Months	25.60%	21.02%

12 Overlapping Holdings

Symbol	Grade	Weight in SAGP	Weight in FMAT	Overlap
ARCH	B	0.25%	0.2%	0.2%
CC	C	0.2%	0.2%	0.2%
CENX	B	0.35%	0.08%	0.08%
EMN	D	1.9%	0.83%	0.83%
IP	B	2.32%	1.32%	1.32%
KOP	C	0.19%	0.06%	0.06%
LYB	F	1.35%	1.51%	1.35%
MP	B	0.28%	0.16%	0.16%
MTRN	C	0.21%	0.17%	0.17%
NGVT	B	0.27%	0.11%	0.11%
SLVM	B	0.23%	0.21%	0.21%
SMG	D	0.21%	0.22%	0.21%

SAGP Overweight 65 Positions Relative to FMAT

Symbol	Grade	Weight
AXON	A	3.06%
FICO	B	2.44%
LDOS	C	2.16%
FOXA	B	2.1%
DPZ	C	2.05%
INCY	C	2.02%
MO	A	1.95%
DVA	B	1.92%
YUM	B	1.88%
VRSN	F	1.85%
VRTX	F	1.79%
GD	F	1.79%
LMT	D	1.78%
NOC	D	1.77%
TXT	D	1.73%
BGNE	D	1.71%
AOS	F	1.66%
PLTR	B	1.59%
MTCH	D	1.56%
MSI	B	1.51%
GILD	C	1.46%
BIIB	F	1.44%
LOGI	D	1.35%
NVS	D	1.35%
HII	D	1.3%
GEO	B	0.41%
CXW	B	0.32%
MASI	A	0.28%
IDCC	A	0.27%
MD	B	0.27%
RMBS	C	0.26%
HQY	B	0.26%
CEIX	A	0.26%
EXEL	B	0.26%
LRN	A	0.25%
PRDO	B	0.24%
LSCC	D	0.23%
ATGE	B	0.23%
FHI	A	0.23%
PBI	B	0.22%
FLR	B	0.22%
DVAX	C	0.22%
DBX	B	0.22%
MATX	C	0.22%
PRI	A	0.22%
RAMP	C	0.22%
GKOS	B	0.21%
YELP	C	0.21%
SEM	B	0.21%
AVAV	D	0.2%
AIR	B	0.2%
CHE	D	0.19%
VTOL	B	0.19%
SAIC	F	0.19%
NBIX	C	0.19%
STRA	C	0.19%
MMS	F	0.18%
HRB	D	0.18%
HRMY	D	0.18%
AMED	F	0.18%
ADUS	D	0.18%
SSTK	F	0.17%
PII	D	0.16%
LNTH	D	0.16%
MYGN	F	0.11%

SAGP Underweight 98 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	D	-15.3%
SHW	A	-6.57%
APD	A	-4.93%
ECL	D	-4.47%
FCX	D	-4.36%
NEM	D	-3.29%
CTVA	C	-2.81%
VMC	B	-2.62%
MLM	B	-2.54%
NUE	C	-2.46%
DD	D	-2.44%
DOW	F	-2.2%
PPG	F	-2.03%
SW	A	-1.84%
IFF	D	-1.6%
PKG	A	-1.49%
STLD	B	-1.44%
BALL	D	-1.35%
RS	B	-1.25%
RPM	A	-1.23%
AVY	D	-1.13%
CF	B	-1.1%
AMCR	D	-1.03%
ALB	C	-0.84%
ATR	B	-0.81%
CCK	C	-0.76%
EXP	A	-0.73%
AA	B	-0.68%
RGLD	C	-0.65%
AXTA	A	-0.63%
GPK	C	-0.61%
MOS	F	-0.59%
CE	F	-0.57%
CRS	A	-0.57%
X	C	-0.57%
BERY	B	-0.53%
LPX	B	-0.51%
FMC	D	-0.49%
ATI	D	-0.49%
CMC	B	-0.48%
ESI	A	-0.46%
SUM	B	-0.42%
CBT	C	-0.42%
CLF	F	-0.4%
BCPC	B	-0.4%
KNF	A	-0.36%
SON	D	-0.35%
OLN	D	-0.35%
SEE	C	-0.35%
WLK	D	-0.34%
AVNT	B	-0.33%
SLGN	A	-0.32%
FUL	F	-0.29%
NEU	C	-0.27%
ASH	D	-0.26%
HCC	B	-0.24%
HL	D	-0.23%
HUN	F	-0.22%
IOSP	B	-0.21%
SXT	B	-0.2%
AMR	C	-0.18%
MTX	B	-0.18%
KWR	C	-0.17%
HWKN	B	-0.17%
CDE	D	-0.17%
OI	C	-0.14%
GEF	A	-0.12%
PRM	C	-0.12%
SCL	C	-0.12%
USLM	A	-0.11%
WS	B	-0.1%
TROX	D	-0.09%
PCT	C	-0.09%
KALU	C	-0.09%
ASPN	F	-0.07%
TRS	B	-0.07%
OEC	C	-0.07%
SXC	A	-0.07%
ASIX	A	-0.06%
ECVT	C	-0.06%
MATV	D	-0.05%
GATO	D	-0.05%
IE	C	-0.05%
RYI	C	-0.05%
HAYN	C	-0.05%
PTVE	B	-0.04%
MTUS	C	-0.04%
METC	C	-0.03%
MYE	F	-0.03%
ZEUS	C	-0.03%
CMP	C	-0.03%
CLW	F	-0.03%
LXU	B	-0.03%
RDUS	C	-0.03%
MERC	F	-0.02%
KRO	D	-0.02%
PACK	B	-0.02%
GEF	A	-0.02%