UPGD vs. FPAG ETF Comparison

Comparison of Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) to FPA Global Equity ETF (FPAG)

UPGD

Invesco Bloomberg Analyst Rating Improvers ETF

UPGD Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The index provider compiles, maintains and calculates the new underlying index, which is comprised of equity securities with the most improved Consensus Ratings based on data from Bloomberg Analyst Recommendations ("ANR"), an affiliate of the index provider.

Grade (RS Rating)

Last Trade

$70.44

Average Daily Volume

1,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.89

Average Daily Volume

13,504

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPGD	FPAG
30 Days	3.00%	0.47%
60 Days	3.42%	-0.95%
90 Days	7.48%	1.33%
12 Months	24.06%	23.49%

1 Overlapping Holdings

	Symbol	Grade	Weight in UPGD	Weight in FPAG	Overlap
	KMX	D	2.33%	1.85%	1.85%

UPGD Overweight 9 Positions Relative to FPAG

Symbol	Grade	Weight
K	A	2.51%
CHRW	C	2.36%
LII	A	2.28%
CLX	B	2.27%
SIRI	C	2.26%
CAH	B	2.25%
IBM	A	2.24%
QRVO	F	2.24%
T	A	2.19%

UPGD Underweight 24 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	D	-6.38%
META	B	-5.35%
ADI	D	-5.13%
C	D	-4.88%
CMCSA	D	-4.78%
TEL	D	-4.58%
GOOG	D	-4.17%
IFF	B	-3.84%
WFC	F	-3.66%
AMZN	C	-3.39%
AON	B	-2.69%
AVGO	C	-2.26%
NXPI	F	-2.21%
CHTR	D	-1.75%
KMI	B	-1.72%
MAR	D	-1.69%
FE	B	-1.49%
HWM	B	-1.29%
ICLR	F	-1.26%
WAB	B	-1.23%
UBER	C	-1.16%
NFLX	B	-0.66%
BABA	C	-0.29%
PCG	B	-0.21%