MVPA vs. AMID ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to Argent Mid Cap ETF (AMID)

MVPA

Advisor Managed Portfolios Miller Value Partners Appreciation ETF

MVPA Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the "Adviser") believes have an above-average probability of outperforming the S&P 500® Index (the "S&P 500") over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.31

Average Daily Volume

8,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$32.86

Average Daily Volume

6,967

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	AMID
30 Days	-0.45%	-2.72%
60 Days	2.55%	-1.80%
90 Days	21.80%	3.34%
12 Months		36.74%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in AMID	Overlap
	BLDR	D	3.96%	5.81%	3.96%

MVPA Overweight 9 Positions Relative to AMID

Symbol	Grade	Weight
CPNG	B	9.35%
CNC	C	8.03%
CROX	C	6.04%
CTO	B	5.86%
BFH	B	4.37%
MBC	D	3.87%
CART	C	3.68%
JXN	A	3.56%
STLA	D	3.4%

MVPA Underweight 8 Positions Relative to AMID

Symbol	Grade	Weight
FICO	C	-4.92%
CDW	F	-4.29%
DHI	D	-4.01%
CPRT	D	-3.81%
MEDP	D	-3.44%
BLD	D	-3.14%
CTAS	B	-3.08%
FTNT	F	-2.55%