FMCX vs. IPDP ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to Dividend Performers ETF (IPDP)

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

$31.22

Average Daily Volume

121

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPDP

Dividend Performers ETF

IPDP Description

The investment seeks to provide income; the secondary objective is capital appreciation. The fund’s investment strategy is twofold: (1) investing in dividend paying U.S. equity securities, and (2) credit spread options on an S&P 500 ETF or Index. It may also invest in equity real estate investment trusts (“REITs”). A credit spread is an options strategy that involves the purchase of one option and a sale of another option in the same class and with the same expiration but different strike prices.

Grade (RS Rating)

Last Trade

$19.50

Average Daily Volume

941

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	IPDP
30 Days	4.30%	2.73%
60 Days	6.97%	4.21%
90 Days	8.86%	7.72%
12 Months	30.22%	32.97%

2 Overlapping Holdings

	Symbol	Grade	Weight in FMCX	Weight in IPDP	Overlap
	AAPL	C	6.93%	2.2%	2.2%
	UNH	C	6.84%	2.12%	2.12%

FMCX Overweight 50 Positions Relative to IPDP

Symbol	Grade	Weight
KKR	B	6.14%
IAC	C	5.35%
AMZN	C	5.01%
GDDY	C	4.98%
MSFT	C	4.79%
LBRDK	C	4.24%
LSXMK	D	4.22%
GGG	C	3.98%
PYPL	B	3.9%
MTCH	C	3.18%
LSXMA	D	1.79%
GOOGL	D	1.77%
LBRDA	C	1.74%
PG	C	1.3%
PM	C	1.21%
YUM	B	1.18%
CMCSA	C	1.13%
MCD	B	1.12%
AMGN	D	1.11%
KEYS	B	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	B	0.87%
CL	C	0.85%
MO	C	0.84%
ENTG	D	0.82%
ARWR	F	0.72%
NKE	D	0.68%
HON	C	0.6%
DHR	B	0.55%
GOOG	D	0.5%
BAX	C	0.47%
YUMC	C	0.42%
MUSA	D	0.4%
SPGI	C	0.37%
MTX	D	0.33%
KEX	C	0.33%
EQR	C	0.3%
JPM	D	0.3%
MUR	F	0.25%
V	C	0.21%
FWONK	C	0.21%
BKNG	B	0.19%
FLWS	F	0.15%
GD	C	0.13%
BATRK	D	0.11%
PNR	B	0.1%
FWONA	C	0.05%
VMEO	C	0.03%
BATRA	D	0.02%

FMCX Underweight 47 Positions Relative to IPDP

Symbol	Grade	Weight
HNI	C	-2.27%
MSI	B	-2.24%
HD	B	-2.22%
CAH	C	-2.21%
AVGO	C	-2.21%
CTAS	C	-2.19%
HIG	B	-2.17%
BRO	C	-2.14%
TT	B	-2.13%
TRV	C	-2.11%
ACN	C	-2.09%
ABT	C	-2.09%
BRC	B	-2.09%
ADP	C	-2.07%
AIT	B	-2.06%
JNJ	C	-2.06%
MMC	C	-2.05%
SYK	C	-2.05%
ABM	D	-2.04%
ECL	B	-2.03%
CSCO	B	-2.03%
GWW	B	-2.01%
HPQ	C	-1.99%
AMP	B	-1.97%
APOG	B	-1.97%
RGA	C	-1.96%
SNA	B	-1.94%
SEIC	B	-1.91%
CSX	C	-1.91%
DOV	B	-1.89%
ELV	D	-1.88%
AOS	B	-1.86%
DCI	C	-1.82%
KLAC	D	-1.81%
IEX	C	-1.8%
ETN	C	-1.79%
APH	C	-1.79%
WTS	C	-1.78%
GPC	D	-1.76%
TROW	C	-1.75%
MCK	F	-1.75%
MRK	F	-1.73%
UPS	D	-1.73%
A	C	-1.73%
NSP	F	-1.66%
QCOM	D	-1.58%
LECO	D	-1.53%