BSMC vs. MRGR ETF Comparison

Comparison of Brandes U.S. Small-Mid Cap Value ETF (BSMC) to ProShares Merger ETF (MRGR)

BSMC

Brandes U.S. Small-Mid Cap Value ETF

BSMC Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies with small- and mid-market capitalizations (market value of publicly traded equity securities).

Grade (RS Rating)

Last Trade

$30.61

Average Daily Volume

8,549

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.15

Average Daily Volume

679

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BSMC	MRGR
30 Days	-0.62%	0.52%
60 Days	-1.04%	1.59%
90 Days	3.76%	3.01%
12 Months	23.18%	8.21%

0 Overlapping Holdings

	Symbol	Grade	Weight in BSMC	Weight in MRGR	Overlap

BSMC Overweight 64 Positions Relative to MRGR

Symbol	Grade	Weight
DOX	B	3.23%
NTGR	A	2.67%
ERJ	C	2.57%
PINC	A	2.53%
EPC	D	2.44%
IPGP	B	2.22%
FFIV	A	2.21%
DGX	B	2.11%
IFF	D	2.1%
TAP	D	2.07%
CFG	A	1.97%
NPK	F	1.93%
IPG	F	1.92%
HCSG	A	1.91%
UNF	D	1.87%
EQC	C	1.78%
TXT	F	1.74%
SXT	C	1.69%
MD	A	1.67%
INGR	C	1.65%
MCY	B	1.64%
GRFS	B	1.58%
SEIC	A	1.57%
KMT	B	1.51%
PAHC	B	1.51%
SMG	A	1.5%
OMF	A	1.46%
MOG.A	C	1.42%
ELAN	D	1.39%
PHG	D	1.36%
UTHR	A	1.32%
SHC	C	1.28%
QRVO	F	1.28%
XRAY	F	1.24%
OGN	D	1.24%
IMKTA	D	1.18%
LEVI	F	1.17%
WTW	A	1.14%
STT	A	1.13%
WHR	B	1.11%
ORI	D	1.07%
PBH	A	1.04%
KNX	A	1.01%
CPB	D	0.98%
WKC	D	0.98%
AVT	B	0.91%
WTM	B	0.9%
SEE	A	0.9%
LANC	B	0.9%
CNA	D	0.88%
KELYA	D	0.87%
ARLO	F	0.87%
ARW	D	0.87%
WMK	D	0.84%
SON	F	0.81%
VRNT	F	0.79%
HSIC	D	0.78%
SKX	D	0.77%
ZBH	C	0.76%
FTRE	F	0.72%
SEB	F	0.49%
LSTR	D	0.41%
HTLD	F	0.32%
SCHL	F	0.27%

BSMC Underweight 29 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	A	-3.12%
IBTX	B	-2.79%
DFS	A	-2.57%
INFN	B	-2.54%
EDR	A	-2.48%
SASR	A	-2.44%
SMAR	A	-2.41%
LBPH	A	-2.4%
B	A	-2.39%
EVRI	A	-2.39%
NAPA	A	-2.38%
K	A	-2.36%
ZUO	A	-2.36%
PETQ	A	-2.35%
ENV	A	-2.34%
RCM	A	-2.34%
INST	A	-2.33%
JNPR	A	-2.33%
SRCL	A	-2.32%
HCP	A	-2.29%
ALE	A	-2.29%
AXNX	A	-2.27%
CTLT	D	-2.21%
ANSS	C	-2.2%
SPR	C	-2.11%
MRO	C	-2.06%
HES	B	-1.87%
RVNC	C	-1.87%
CHX	F	-1.68%