FMCX vs. FOVL ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to iShares Focused Value Factor ETF (FOVL)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

882

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.81

Average Daily Volume

10,070

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	FOVL
30 Days	-3.24%	-4.48%
60 Days	-0.14%	1.19%
90 Days	3.02%	3.41%
12 Months	19.90%	21.82%

2 Overlapping Holdings

	Symbol	Grade	Weight in FMCX	Weight in FOVL	Overlap
	JPM	B	0.3%	2.94%	0.3%
	LSXMK	F	4.22%	1.72%	1.72%

FMCX Overweight 50 Positions Relative to FOVL

Symbol	Grade	Weight
AAPL	F	6.93%
UNH	C	6.84%
KKR	C	6.14%
IAC	D	5.35%
AMZN	A	5.01%
GDDY	A	4.98%
MSFT	D	4.79%
LBRDK	D	4.24%
GGG	D	3.98%
PYPL	A	3.9%
MTCH	F	3.18%
LSXMA	F	1.79%
GOOGL	A	1.77%
LBRDA	D	1.74%
PG	A	1.3%
PM	A	1.21%
YUM	A	1.18%
CMCSA	F	1.13%
MCD	D	1.12%
AMGN	D	1.11%
KEYS	C	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	F	0.87%
CL	A	0.85%
MO	A	0.84%
ENTG	C	0.82%
ARWR	F	0.72%
NKE	F	0.68%
HON	C	0.6%
DHR	C	0.55%
GOOG	A	0.5%
BAX	C	0.47%
YUMC	D	0.42%
MUSA	A	0.4%
SPGI	C	0.37%
MTX	B	0.33%
KEX	A	0.33%
EQR	A	0.3%
MUR	A	0.25%
V	C	0.21%
FWONK	B	0.21%
BKNG	C	0.19%
FLWS	C	0.15%
GD	B	0.13%
BATRK	C	0.11%
PNR	C	0.1%
FWONA	B	0.05%
VMEO	D	0.03%
BATRA	D	0.02%

FMCX Underweight 38 Positions Relative to FOVL

Symbol	Grade	Weight
TOL	B	-3.34%
PNFP	C	-3.23%
IBKR	A	-3.13%
BLDR	C	-3.13%
COF	A	-3.06%
WTM	B	-2.96%
WLK	B	-2.94%
SF	A	-2.92%
CLF	F	-2.88%
FYBR	C	-2.82%
WBS	D	-2.81%
AXS	D	-2.8%
NUE	D	-2.73%
FHB	A	-2.68%
ORI	A	-2.68%
JHG	B	-2.64%
SNV	C	-2.62%
CNA	D	-2.6%
FNB	B	-2.58%
KMI	A	-2.57%
LYB	B	-2.56%
PFG	D	-2.48%
DFS	A	-2.48%
AMG	C	-2.47%
T	C	-2.47%
HPE	A	-2.36%
STT	B	-2.32%
THO	F	-2.29%
AGR	B	-2.24%
CUZ	B	-2.24%
AN	A	-2.24%
LPX	C	-2.23%
PNW	A	-2.09%
ALK	A	-1.97%
Z	D	-1.93%
SNDR	F	-1.68%
UNM	C	-1.21%
LLYVK	D	-0.65%