FCTE vs. FPAG ETF Comparison

Comparison of SMI 3Fourteen Full-Cycle Trend ETF (FCTE) to FPA Global Equity ETF (FPAG)

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.77

Average Daily Volume

109,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.99

Average Daily Volume

28,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCTE	FPAG
30 Days	0.07%	1.22%
60 Days	-1.88%	1.82%
90 Days	-1.70%	1.89%
12 Months		23.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in FCTE	Weight in FPAG	Overlap
	GOOGL	C	4.84%	6.38%	4.84%
	META	D	4.9%	5.35%	4.9%

FCTE Overweight 18 Positions Relative to FPAG

Symbol	Grade	Weight
TT	A	5.55%
NTAP	C	5.43%
RSG	A	5.34%
WMT	A	5.33%
BRO	B	5.23%
ROL	B	5.21%
TSCO	D	5.09%
KMB	D	5.05%
CL	D	4.97%
RMD	C	4.97%
MMM	D	4.93%
PHM	D	4.89%
LRCX	F	4.86%
AMAT	F	4.78%
GD	F	4.74%
KLAC	D	4.7%
MTD	D	4.58%
HCA	F	4.58%

FCTE Underweight 23 Positions Relative to FPAG

Symbol	Grade	Weight
ADI	D	-5.13%
C	A	-4.88%
CMCSA	B	-4.78%
TEL	B	-4.58%
GOOG	C	-4.17%
IFF	D	-3.84%
WFC	A	-3.66%
AMZN	C	-3.39%
AON	A	-2.69%
AVGO	D	-2.26%
NXPI	D	-2.21%
KMX	B	-1.85%
CHTR	C	-1.75%
KMI	A	-1.72%
MAR	B	-1.69%
FE	C	-1.49%
HWM	A	-1.29%
ICLR	D	-1.26%
WAB	B	-1.23%
UBER	D	-1.16%
NFLX	A	-0.66%
BABA	D	-0.29%
PCG	A	-0.21%