AFMC vs. PPI ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to AXS Astoria Inflation Sensitive ETF (PPI)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

9,370

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

PPI

AXS Astoria Inflation Sensitive ETF

PPI Description

AXS Astoria Inflation Sensitive ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is co-managed by AXS Investments LLC, Astoria Portfolio Advisors LLC. It invests in public equity, fixed income and commodity markets of the United States. For its equity portion, it invests in stocks of companies operating across energy, financials, industrials and materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities of varying maturities. For its commodity portion, it invests through other funds in commodities. The fund employs fundamental and quantitative analysis with top-down securities picking approach to create its portfolio. The fund employs internal and external research to create its portfolio. AXS Astoria Inflation Sensitive ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$15.72

Average Daily Volume

15,230

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	PPI
30 Days	7.36%	2.34%
60 Days	6.97%	1.68%
90 Days	8.83%	2.61%
12 Months	41.05%	21.21%

9 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in PPI	Overlap
BLDR	D	0.59%	1.0%	0.59%
CSL	C	0.8%	0.95%	0.8%
EME	C	1.33%	1.15%	1.15%
FIX	A	1.06%	1.15%	1.06%
JLL	D	0.43%	0.99%	0.43%
NRG	B	0.99%	1.08%	0.99%
RPM	A	0.5%	1.03%	0.5%
STLD	B	0.36%	1.3%	0.36%
VST	B	1.04%	1.83%	1.04%

AFMC Overweight 235 Positions Relative to PPI

Symbol	Grade	Weight
SFM	A	1.96%
UTHR	C	1.55%
TOL	B	1.47%
GDDY	A	1.2%
ORI	A	1.17%
AYI	B	1.16%
MLI	C	1.15%
ALSN	B	1.13%
THC	D	1.12%
MTG	C	1.1%
KBH	D	1.09%
WSM	B	0.98%
UNM	A	0.96%
IDCC	A	0.95%
TPL	A	0.94%
INGR	B	0.9%
ACT	D	0.87%
COKE	C	0.87%
IBOC	A	0.85%
OC	A	0.8%
ESNT	D	0.8%
CW	B	0.78%
TMHC	B	0.78%
HIW	D	0.77%
RDN	C	0.76%
LII	A	0.75%
SF	B	0.74%
WBS	A	0.73%
CNM	D	0.72%
GLPI	C	0.72%
TXRH	C	0.72%
CVLT	B	0.7%
FHI	A	0.68%
FICO	B	0.67%
JBL	B	0.67%
G	B	0.66%
ERIE	D	0.65%
JXN	C	0.65%
WPC	D	0.65%
NTAP	C	0.62%
NXST	C	0.62%
BRBR	A	0.62%
CACI	D	0.62%
TPR	B	0.62%
AMG	B	0.62%
PRI	A	0.6%
CMC	B	0.6%
MUSA	A	0.6%
BERY	B	0.59%
OHI	C	0.58%
FFIV	B	0.58%
CUZ	B	0.56%
EXP	A	0.56%
PHM	D	0.56%
NFG	A	0.56%
SNX	C	0.55%
DBX	B	0.54%
PPC	C	0.54%
CRS	A	0.54%
TGNA	B	0.54%
DECK	A	0.52%
SBRA	C	0.51%
CBSH	A	0.51%
ACIW	B	0.51%
HRB	D	0.5%
NYT	C	0.5%
SANM	B	0.49%
DINO	D	0.48%
ENS	D	0.48%
GMED	A	0.48%
NVST	B	0.47%
SNA	A	0.47%
MTH	D	0.47%
KMT	B	0.47%
PSN	D	0.46%
CRUS	D	0.46%
UHS	D	0.45%
BCC	B	0.45%
AMR	C	0.45%
GHC	C	0.44%
PINC	B	0.44%
HNI	B	0.44%
RGLD	C	0.43%
DDS	B	0.43%
PK	B	0.43%
MEDP	D	0.43%
AGCO	D	0.43%
BTU	B	0.43%
ONTO	D	0.42%
GEF	A	0.42%
NTCT	C	0.42%
CHE	D	0.41%
CHRD	D	0.4%
AIZ	A	0.4%
EXEL	B	0.39%
LAMR	D	0.39%
HALO	F	0.39%
HLI	B	0.39%
PVH	C	0.39%
JAZZ	B	0.38%
WSO	A	0.38%
TEX	D	0.37%
ANF	C	0.37%
CDP	C	0.37%
WFRD	D	0.37%
MAN	D	0.37%
BYD	C	0.35%
RS	B	0.35%
ARW	D	0.34%
MOH	F	0.34%
UFPI	B	0.34%
ADC	B	0.34%
UGI	A	0.34%
HWC	B	0.33%
COLB	A	0.33%
CSWI	A	0.33%
FHN	A	0.32%
SAIC	F	0.31%
EPR	D	0.31%
PBF	D	0.3%
SSB	B	0.3%
CR	A	0.3%
FSS	B	0.3%
APPF	B	0.3%
GAP	C	0.3%
BDC	B	0.29%
LNTH	D	0.29%
INCY	C	0.29%
ASO	F	0.29%
DKS	C	0.29%
CHRW	C	0.28%
NSA	D	0.27%
EHC	B	0.27%
CTRE	D	0.27%
AVT	C	0.27%
MANH	D	0.27%
TTEK	F	0.26%
WWD	B	0.26%
AN	C	0.26%
JHG	A	0.26%
LOPE	B	0.26%
NVT	B	0.26%
RL	B	0.26%
GPI	A	0.25%
ATKR	C	0.25%
CATY	B	0.25%
HOG	D	0.25%
CNA	B	0.25%
ZD	C	0.25%
IBP	D	0.25%
WCC	B	0.25%
TDC	D	0.24%
MSM	C	0.24%
LPX	B	0.24%
OLN	D	0.24%
VMI	B	0.24%
ESAB	B	0.23%
ENSG	D	0.23%
NBIX	C	0.22%
L	A	0.22%
AIT	A	0.22%
HST	C	0.22%
OZK	B	0.21%
BWA	D	0.21%
LEA	D	0.21%
CRVL	A	0.21%
HOMB	A	0.2%
PRGO	B	0.19%
NEU	C	0.19%
JWN	C	0.19%
NAVI	C	0.19%
SM	B	0.18%
ZION	B	0.18%
SJM	D	0.18%
NUS	D	0.18%
CRI	D	0.18%
APLE	B	0.17%
CROX	D	0.17%
ADNT	F	0.17%
ABG	B	0.17%
DXC	B	0.17%
CLF	F	0.17%
M	D	0.15%
ATR	B	0.15%
CASY	A	0.14%
CAH	B	0.13%
BLD	D	0.13%
VSH	D	0.13%
OPCH	D	0.12%
AEO	F	0.12%
HPP	F	0.12%
TPH	D	0.11%
EQH	B	0.1%
EXLS	B	0.1%
BPMC	C	0.1%
CUBE	D	0.1%
NSIT	F	0.1%
ELF	C	0.1%
BOX	B	0.1%
GEN	B	0.1%
AMN	F	0.09%
HSIC	B	0.09%
CNXC	F	0.09%
ITT	A	0.09%
AOS	F	0.09%
CPT	B	0.09%
VNT	B	0.09%
OGN	D	0.08%
HAE	C	0.08%
BRX	A	0.08%
DCI	B	0.08%
APA	D	0.08%
ITRI	B	0.08%
LECO	B	0.08%
DOCS	C	0.07%
WU	D	0.07%
SKX	D	0.07%
TAP	C	0.07%
OSCR	D	0.07%
ASGN	F	0.07%
AWI	A	0.06%
DVA	B	0.06%
PDCO	D	0.06%
PBH	A	0.06%
MMSI	B	0.06%
CXT	B	0.05%
SPSC	C	0.05%
ZETA	D	0.05%
BMI	B	0.04%
ACLS	F	0.04%
LEVI	F	0.03%
IART	C	0.02%
NNN	D	0.0%
VRNS	D	0.0%
PI	D	0.0%

AFMC Underweight 33 Positions Relative to PPI

Symbol	Grade	Weight
GLDM	C	-4.8%
XHLF	B	-3.98%
CAT	B	-3.96%
XOM	B	-3.95%
SPG	B	-2.9%
COP	C	-2.66%
URI	B	-2.63%
GDX	D	-2.52%
CEG	D	-2.21%
CBRE	B	-2.04%
SCHP	C	-1.99%
TBIL	B	-1.99%
DAL	C	-1.87%
EVR	B	-1.61%
COF	B	-1.61%
JEF	A	-1.59%
CF	B	-1.56%
LYB	F	-1.55%
STIP	C	-1.53%
AMP	A	-1.49%
HAL	C	-1.48%
EOG	A	-1.47%
GPK	C	-1.44%
SLB	C	-1.39%
GLTR	C	-1.35%
DVN	F	-1.33%
SBAC	D	-1.2%
OVV	B	-1.13%
FANG	D	-1.0%
TXT	D	-0.93%
WMS	D	-0.87%
AES	F	-0.8%
CE	F	-0.56%