FPAG vs. BCUS ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Bancreek U.S. Large Cap ETF (BCUS)

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

$30.82

Average Daily Volume

27,642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BCUS

Bancreek U.S. Large Cap ETF

BCUS Description

The fund is an actively managed exchange-traded fund ("ETF") that invests in equity securities consisting primarily of common and preferred stock and securities convertible into common stock. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S.-listed large capitalization companies.

Grade (RS Rating)

Last Trade

$31.96

Average Daily Volume

22,374

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	BCUS
30 Days	0.15%	1.34%
60 Days	1.44%	3.72%
90 Days	2.86%	5.94%
12 Months	24.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in BCUS	Overlap
	ADI	D	5.13%	2.02%	2.02%
	AVGO	D	2.26%	3.68%	2.26%

FPAG Overweight 23 Positions Relative to BCUS

Symbol	Grade	Weight
GOOGL	B	6.38%
META	C	5.35%
C	B	4.88%
CMCSA	B	4.78%
TEL	C	4.58%
GOOG	B	4.17%
IFF	D	3.84%
WFC	A	3.66%
AMZN	B	3.39%
AON	B	2.69%
NXPI	F	2.21%
KMX	C	1.85%
CHTR	B	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	F	1.16%
NFLX	A	0.66%
BABA	D	0.29%
PCG	A	0.21%

FPAG Underweight 28 Positions Relative to BCUS

Symbol	Grade	Weight
HLI	A	-4.28%
GWW	B	-4.26%
MSI	A	-4.25%
CDNS	B	-4.21%
APH	B	-4.11%
HUBB	B	-4.1%
CTAS	B	-4.02%
PH	B	-3.96%
AAPL	C	-3.9%
MSFT	D	-3.86%
ODFL	B	-3.64%
ORLY	B	-3.53%
ABBV	F	-3.51%
SNPS	C	-3.49%
LIN	D	-3.36%
DHR	D	-3.29%
CXT	C	-3.24%
IT	C	-3.19%
MMC	D	-3.18%
ETN	B	-3.08%
HSY	F	-3.02%
MLI	B	-2.76%
CBZ	B	-2.6%
AZO	C	-2.44%
FDS	B	-2.37%
TT	A	-2.25%
MUSA	B	-2.19%
CSL	C	-2.07%