VOX vs. FMCX ETF Comparison

Comparison of Vanguard Telecom ETF - DNQ (VOX) to FMC Excelsior Focus Equity ETF (FMCX)

VOX

Vanguard Telecom ETF - DNQ

VOX Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Telecommunication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the telecommunication services sector, as classified under the Global Industry Classification Standard. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$146.55

Average Daily Volume

101,159

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.19

Average Daily Volume

118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VOX	FMCX
30 Days	7.95%	5.11%
60 Days	13.30%	12.69%
90 Days	3.54%	7.78%
12 Months	40.40%	31.38%

9 Overlapping Holdings

Symbol	Grade	Weight in VOX	Weight in FMCX	Overlap
CMCSA	B	4.07%	1.13%	1.13%
GOOG	B	9.53%	0.5%	0.5%
GOOGL	B	12.3%	1.77%	1.77%
IAC	C	0.34%	5.35%	0.34%
LBRDA	C	0.07%	1.74%	0.07%
LBRDK	C	0.64%	4.24%	0.64%
LSXMK	D	0.27%	4.22%	0.27%
MTCH	B	0.83%	3.18%	0.83%
VMEO	C	0.07%	0.03%	0.03%

VOX Overweight 93 Positions Relative to FMCX

Symbol	Grade	Weight
META	A	22.1%
VZ	C	4.51%
NFLX	A	4.48%
T	B	3.86%
DIS	D	3.83%
TMUS	A	3.04%
TTD	A	1.75%
EA	D	1.64%
CHTR	D	1.57%
RBLX	D	1.37%
TTWO	D	1.3%
OMC	C	1.15%
WBD	F	1.07%
LYV	A	0.99%
IPG	D	0.98%
PINS	D	0.97%
NWSA	D	0.92%
FOXA	B	0.85%
TKO	A	0.76%
NYT	C	0.74%
ROKU	C	0.74%
SNAP	D	0.72%
FOX	B	0.47%
NXST	D	0.47%
LUMN	C	0.46%
FYBR	C	0.46%
EDR	A	0.43%
PARA	F	0.38%
WMG	D	0.31%
MSGS	A	0.28%
CCOI	B	0.27%
NWS	D	0.27%
CNK	D	0.26%
IRDM	C	0.24%
ZI	F	0.23%
SATS	C	0.21%
TGNA	B	0.21%
TDS	C	0.21%
SIRI	C	0.21%
CARG	C	0.21%
YELP	D	0.2%
ZD	D	0.2%
WLY	A	0.18%
MGNI	D	0.15%
TRIP	D	0.14%
CABO	F	0.14%
AMC	F	0.13%
RDDT	B	0.13%
MSGE	B	0.11%
LILAK	D	0.11%
CARS	F	0.1%
QNST	C	0.09%
USM	B	0.08%
SSTK	F	0.08%
IMAX	D	0.08%
GSAT	F	0.08%
GCI	B	0.07%
SCHL	F	0.07%
LGF.A	F	0.07%
IAS	F	0.07%
BMBL	F	0.06%
IDT	C	0.06%
STGW	B	0.06%
PUBM	F	0.06%
ZIP	D	0.06%
TTGT	F	0.06%
SHEN	F	0.06%
EVER	D	0.05%
MAX	C	0.05%
THRY	F	0.05%
ATEX	D	0.04%
BAND	C	0.04%
ADV	F	0.04%
GTN	D	0.04%
LGF.A	F	0.04%
GOGO	F	0.04%
FUBO	F	0.04%
AMCX	F	0.03%
MCS	B	0.03%
LILA	B	0.03%
CNSL	A	0.03%
BOC	D	0.03%
CCO	C	0.03%
ATUS	C	0.03%
ANGI	D	0.02%
EB	F	0.02%
WOW	D	0.02%
ATNI	C	0.02%
SKLZ	F	0.01%
SSP	F	0.01%
MYPS	F	0.01%
CDLX	F	0.01%
IHRT	C	0.01%

VOX Underweight 43 Positions Relative to FMCX

Symbol	Grade	Weight
AAPL	C	-6.93%
UNH	B	-6.84%
KKR	A	-6.14%
AMZN	C	-5.01%
GDDY	B	-4.98%
MSFT	D	-4.79%
GGG	C	-3.98%
PYPL	A	-3.9%
LSXMA	D	-1.79%
PG	D	-1.3%
PM	D	-1.21%
YUM	C	-1.18%
MCD	A	-1.12%
AMGN	D	-1.11%
KEYS	B	-1.06%
VUSB	B	-0.92%
ICSH	A	-0.92%
GILD	A	-0.87%
CL	D	-0.85%
MO	D	-0.84%
ENTG	D	-0.82%
ARWR	F	-0.72%
NKE	D	-0.68%
HON	C	-0.6%
DHR	D	-0.55%
BAX	D	-0.47%
YUMC	B	-0.42%
MUSA	D	-0.4%
SPGI	C	-0.37%
MTX	C	-0.33%
KEX	C	-0.33%
EQR	C	-0.3%
JPM	C	-0.3%
MUR	F	-0.25%
V	B	-0.21%
FWONK	D	-0.21%
BKNG	B	-0.19%
FLWS	F	-0.15%
GD	C	-0.13%
BATRK	F	-0.11%
PNR	C	-0.1%
FWONA	C	-0.05%
BATRA	F	-0.02%