FMCX vs. GLOF ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to iShares Global Equity Factor ETF (GLOF)

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

$31.80

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.61

Average Daily Volume

4,374

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	GLOF
30 Days	0.15%	0.04%
60 Days	2.99%	1.20%
90 Days	6.20%	1.32%
12 Months	25.02%	25.47%

19 Overlapping Holdings

Symbol	Grade	Weight in FMCX	Weight in GLOF	Overlap
AAPL	C	6.93%	4.28%	4.28%
AMGN	F	1.11%	0.2%	0.2%
AMZN	C	5.01%	2.18%	2.18%
BKNG	A	0.19%	0.77%	0.19%
DHR	F	0.55%	0.01%	0.01%
FWONA	A	0.05%	0.05%	0.05%
GILD	C	0.87%	0.27%	0.27%
GOOG	C	0.5%	2.61%	0.5%
JPM	A	0.3%	0.94%	0.3%
MCD	D	1.12%	0.53%	0.53%
MSFT	D	4.79%	4.06%	4.06%
MTCH	D	3.18%	0.03%	0.03%
NKE	F	0.68%	0.08%	0.08%
PG	C	1.3%	0.72%	0.72%
PM	B	1.21%	0.27%	0.27%
SPGI	C	0.37%	0.2%	0.2%
UNH	B	6.84%	0.73%	0.73%
V	A	0.21%	0.76%	0.21%
YUM	D	1.18%	0.22%	0.22%

FMCX Overweight 33 Positions Relative to GLOF

Symbol	Grade	Weight
KKR	A	6.14%
IAC	F	5.35%
GDDY	A	4.98%
LBRDK	C	4.24%
LSXMK	D	4.22%
GGG	B	3.98%
PYPL	B	3.9%
LSXMA	D	1.79%
GOOGL	C	1.77%
LBRDA	C	1.74%
CMCSA	B	1.13%
KEYS	A	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
CL	D	0.85%
MO	A	0.84%
ENTG	D	0.82%
ARWR	D	0.72%
HON	C	0.6%
BAX	F	0.47%
YUMC	C	0.42%
MUSA	B	0.4%
MTX	B	0.33%
KEX	B	0.33%
EQR	C	0.3%
MUR	D	0.25%
FWONK	A	0.21%
FLWS	D	0.15%
GD	D	0.13%
BATRK	D	0.11%
PNR	A	0.1%
VMEO	B	0.03%
BATRA	F	0.02%

FMCX Underweight 170 Positions Relative to GLOF

Symbol	Grade	Weight
NVDA	B	-4.5%
META	D	-1.35%
AVGO	D	-1.19%
LLY	F	-0.73%
HD	B	-0.7%
FTNT	C	-0.65%
LOW	C	-0.65%
WMT	A	-0.65%
FICO	B	-0.62%
ABBV	F	-0.62%
MCK	A	-0.61%
PEP	F	-0.61%
JNJ	C	-0.6%
SYF	B	-0.58%
TEAM	A	-0.57%
MA	B	-0.52%
AMP	A	-0.51%
COST	A	-0.51%
CDNS	B	-0.51%
INTU	B	-0.5%
MSI	B	-0.49%
CTAS	B	-0.48%
BLDR	D	-0.48%
TT	A	-0.44%
VST	A	-0.43%
MRK	D	-0.42%
KR	B	-0.42%
AZO	C	-0.42%
LII	A	-0.42%
ORCL	A	-0.4%
DOCU	B	-0.39%
BBY	D	-0.39%
NOW	A	-0.37%
MTD	F	-0.37%
TSLA	B	-0.37%
BMY	B	-0.36%
FERG	B	-0.36%
XOM	B	-0.36%
T	A	-0.35%
COF	C	-0.35%
TXN	C	-0.35%
QCOM	F	-0.35%
TMO	F	-0.34%
MFG	A	-0.34%
DELL	B	-0.34%
AMAT	F	-0.33%
ORLY	B	-0.33%
PANW	B	-0.33%
IT	C	-0.33%
MSCI	C	-0.32%
HPE	B	-0.32%
EBAY	D	-0.31%
TGT	F	-0.31%
KLAC	F	-0.3%
ELV	F	-0.3%
CRWD	B	-0.29%
STLD	B	-0.29%
MELI	C	-0.29%
ACN	B	-0.29%
HPQ	B	-0.28%
HOLX	D	-0.25%
ABT	B	-0.25%
CSCO	B	-0.24%
ALLY	C	-0.24%
ABNB	C	-0.24%
GWW	B	-0.24%
ANET	C	-0.23%
MUFG	B	-0.22%
BAC	A	-0.22%
PHM	D	-0.22%
SNPS	B	-0.22%
MPC	D	-0.21%
PFE	F	-0.21%
AXP	A	-0.21%
KO	D	-0.2%
NVR	D	-0.2%
DVA	C	-0.2%
MOH	F	-0.2%
PSA	C	-0.2%
FNF	B	-0.2%
NUE	C	-0.2%
LRCX	F	-0.2%
DFS	B	-0.19%
ADBE	C	-0.19%
BRK.A	B	-0.19%
SBUX	A	-0.19%
AFL	B	-0.18%
LYB	F	-0.18%
LIN	C	-0.18%
ETN	A	-0.18%
EMR	B	-0.18%
STT	B	-0.18%
VLTO	C	-0.17%
MAS	D	-0.17%
HUBS	A	-0.17%
WFC	A	-0.17%
LI	F	-0.16%
TRV	B	-0.16%
VRTX	D	-0.15%
ZS	B	-0.14%
HUM	C	-0.14%
MRO	B	-0.14%
SIRI	C	-0.13%
GS	A	-0.13%
GEHC	D	-0.13%
HSY	F	-0.13%
VLO	C	-0.13%
COP	C	-0.13%
NTAP	C	-0.12%
BLK	B	-0.12%
UNP	C	-0.11%
URI	C	-0.11%
EG	C	-0.1%
CVS	D	-0.1%
CDW	F	-0.1%
VZ	C	-0.1%
PFG	D	-0.1%
BK	A	-0.1%
DTE	C	-0.09%
A	D	-0.09%
FOXA	A	-0.09%
UBER	F	-0.09%
SMFG	B	-0.09%
DE	B	-0.08%
GM	C	-0.08%
NWS	A	-0.08%
TM	F	-0.08%
IBM	C	-0.08%
SPG	A	-0.08%
DOW	F	-0.08%
IDXX	F	-0.07%
LULU	C	-0.07%
CF	A	-0.07%
TJX	A	-0.06%
CVX	A	-0.06%
ULTA	F	-0.06%
CRH	A	-0.06%
NDAQ	A	-0.06%
LINE	F	-0.05%
MDLZ	F	-0.05%
PAYX	B	-0.05%
PH	A	-0.05%
CHTR	C	-0.05%
CPNG	D	-0.05%
FRT	B	-0.04%
DOX	D	-0.04%
TSCO	D	-0.04%
EA	A	-0.04%
CAT	B	-0.04%
MCO	B	-0.03%
QRVO	F	-0.03%
MRNA	F	-0.03%
NI	A	-0.03%
REG	A	-0.03%
WIT	B	-0.02%
STX	C	-0.02%
OMC	C	-0.02%
CSX	C	-0.02%
GL	C	-0.02%
VICI	C	-0.02%
WY	F	-0.02%
BIIB	F	-0.02%
MOS	F	-0.02%
VRSN	C	-0.02%
MDT	D	-0.01%
OKTA	C	-0.01%
VEEV	C	-0.01%
PCAR	B	-0.01%
PLD	F	-0.01%
CEG	C	-0.01%