ARP vs. FPE ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to First Trust Preferred Securities and Income ETF ETF (FPE)

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.76

Average Daily Volume

3,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.82

Average Daily Volume

1,212,299

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARP	FPE
30 Days	-0.77%	-1.38%
60 Days	0.21%	-1.19%
90 Days	1.24%	1.14%
12 Months	16.52%	16.31%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in FPE	Overlap
	SHV	A	20.23%	1.08%	1.08%

ARP Overweight 4 Positions Relative to FPE

Symbol	Grade	Weight
PHYS	C	18.55%
QQQ	B	5.27%
USDU	A	3.11%
PDBC	C	1.46%

ARP Underweight 17 Positions Relative to FPE

Symbol	Grade	Weight
BIL	A	-1.2%
USFR	A	-1.19%
UZE	B	-0.52%
AQNB	C	-0.46%
BPYPN	C	-0.36%
BPYPO	D	-0.31%
SREA	D	-0.2%
AIZN	D	-0.2%
T	A	-0.18%
WTFCP	A	-0.18%
CMSC	C	-0.16%
CHSCM	D	-0.13%
CMSD	C	-0.11%
MGR	D	-0.04%
DTW	D	-0.03%
AGNC	C	-0.01%
ACGLO	D	-0.0%

ARP: Top Represented Industries & Keywords

Industries: