FPAG vs. CBSE ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Changebridge Capital Sustainable Equity ETF (CBSE)

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

$28.41

Average Daily Volume

18,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBSE

Changebridge Capital Sustainable Equity ETF

CBSE Description

The investment seeks capital appreciation and lower volatility than the broader market. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing securities Changebridge Capital, LLC, the fund's investment adviser, believes to have above-average financial characteristics and growth potential that exhibit positive ESG attributes. Under normal circumstances, it will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common stocks and depositary receipts, of sustainable companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.78

Average Daily Volume

817

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	CBSE
30 Days	-0.92%	0.40%
60 Days	1.99%	2.33%
90 Days	4.73%	9.79%
12 Months	27.50%	23.21%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in CBSE	Overlap
	AVGO	D	2.26%	3.37%	2.26%

FPAG Overweight 24 Positions Relative to CBSE

Symbol	Grade	Weight
GOOGL	A	6.38%
META	D	5.35%
ADI	A	5.13%
C	A	4.88%
CMCSA	F	4.78%
TEL	C	4.58%
GOOG	A	4.17%
IFF	B	3.84%
WFC	B	3.66%
AMZN	A	3.39%
AON	F	2.69%
NXPI	A	2.21%
KMX	F	1.85%
CHTR	F	1.75%
KMI	A	1.72%
MAR	D	1.69%
FE	A	1.49%
HWM	A	1.29%
ICLR	D	1.26%
WAB	A	1.23%
UBER	D	1.16%
NFLX	D	0.66%
BABA	B	0.29%
PCG	A	0.21%

FPAG Underweight 35 Positions Relative to CBSE

Symbol	Grade	Weight
TCOM	A	-3.46%
HUMA	B	-3.34%
ASML	D	-3.3%
AAPL	C	-3.06%
STRL	D	-2.97%
MSFT	C	-2.85%
LRCX	D	-2.81%
NU	C	-2.74%
SKY	D	-2.71%
MU	B	-2.7%
EG	D	-2.68%
IBN	A	-2.6%
ECL	A	-2.6%
TSM	C	-2.58%
PANW	B	-2.58%
CHK	B	-2.56%
ICFI	C	-2.54%
SN	A	-2.52%
DKNG	D	-2.5%
TDG	A	-2.49%
FCX	A	-2.45%
TMDX	A	-2.44%
ERJ	A	-2.42%
NARI	F	-2.42%
MMYT	B	-2.4%
NOC	B	-2.34%
FTI	A	-2.32%
BLBD	C	-2.2%
INDI	F	-2.09%
WTTR	B	-2.05%
NVDA	C	-2.04%
NFE	F	-2.02%
GTLS	C	-1.97%
HLX	B	-1.87%
RIG	F	-1.68%