CAMX vs. DIVP ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to Cullen Enhanced Equity Income ETF (DIVP)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.74

Average Daily Volume

731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVP

Cullen Enhanced Equity Income ETF

DIVP Description

DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.

Grade (RS Rating)

Last Trade

$26.25

Average Daily Volume

1,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	DIVP
30 Days	-0.10%	-1.04%
60 Days	0.04%	-0.27%
90 Days	6.10%	4.23%
12 Months	24.05%

4 Overlapping Holdings

Symbol	Grade	Weight in CAMX	Weight in DIVP	Overlap
BMY	A	4.17%	3.68%	3.68%
CMCSA	A	4.13%	3.07%	3.07%
CVX	A	2.5%	3.23%	2.5%
MDT	B	4.38%	4.07%	4.07%

CAMX Overweight 20 Positions Relative to DIVP

Symbol	Grade	Weight
DAL	A	5.95%
CME	B	5.27%
AL	B	4.75%
LH	A	4.38%
TXN	A	3.97%
PPG	F	3.84%
ET	A	3.83%
GOOGL	A	3.81%
DEO	F	3.45%
UNP	D	3.22%
UBER	C	3.17%
CNC	D	3.09%
EL	F	3.07%
WAT	A	2.75%
STZ	F	2.63%
CTVA	A	2.5%
ELV	F	2.13%
GS	B	2.08%
AXP	A	1.48%
AMAT	F	1.28%

CAMX Underweight 28 Positions Relative to DIVP

Symbol	Grade	Weight
CSCO	B	-4.27%
EOG	D	-4.0%
VICI	D	-3.98%
DUK	C	-3.83%
PM	A	-3.56%
PPL	C	-3.53%
CAG	D	-3.45%
MRK	F	-3.33%
VZ	D	-3.29%
KVUE	B	-3.17%
XOM	C	-3.17%
TFC	C	-3.11%
BAC	B	-3.07%
C	A	-3.07%
BAX	F	-3.07%
DOC	C	-3.07%
RTX	C	-3.02%
SYY	D	-2.88%
IBM	C	-2.71%
MO	A	-2.44%
DOW	F	-2.38%
JCI	B	-2.29%
JPM	A	-2.22%
TRV	B	-2.19%
GD	C	-2.07%
RIO	B	-1.92%
UPS	C	-1.81%
GPC	F	-1.64%