FPAG vs. CPAI ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Counterpoint Quantitative Equity ETF (CPAI)

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

$30.75

Average Daily Volume

25,748

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CPAI

Counterpoint Quantitative Equity ETF

CPAI Description

CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.

Grade (RS Rating)

Last Trade

$33.56

Average Daily Volume

5,708

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	CPAI
30 Days	0.08%	1.52%
60 Days	1.01%	4.82%
90 Days	5.63%	11.66%
12 Months	31.03%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in CPAI	Overlap
	GOOGL	A	6.38%	2.0%	2.0%
	META	B	5.35%	2.02%	2.02%

FPAG Overweight 23 Positions Relative to CPAI

Symbol	Grade	Weight
ADI	C	5.13%
C	A	4.88%
CMCSA	A	4.78%
TEL	A	4.58%
GOOG	A	4.17%
IFF	D	3.84%
WFC	B	3.66%
AMZN	A	3.39%
AON	A	2.69%
AVGO	B	2.26%
NXPI	C	2.21%
KMX	F	1.85%
CHTR	B	1.75%
KMI	B	1.72%
MAR	A	1.69%
FE	D	1.49%
HWM	B	1.29%
ICLR	F	1.26%
WAB	B	1.23%
UBER	C	1.16%
NFLX	A	0.66%
BABA	B	0.29%
PCG	B	0.21%

FPAG Underweight 48 Positions Relative to CPAI

Symbol	Grade	Weight
TDS	B	-2.39%
TRGP	A	-2.25%
SKYW	A	-2.23%
IAG	B	-2.19%
SFM	A	-2.19%
CLBT	A	-2.17%
CARG	B	-2.14%
EQH	B	-2.14%
OKE	B	-2.12%
UNM	A	-2.09%
BRBR	A	-2.09%
LDOS	A	-2.09%
FTI	B	-2.07%
COR	A	-2.07%
RTX	C	-2.06%
GDDY	A	-2.05%
MSI	B	-2.05%
ORCL	B	-2.04%
FTDR	B	-2.04%
LLY	F	-2.04%
NTGR	A	-2.03%
WES	D	-2.0%
CAH	B	-2.0%
PRM	A	-2.0%
WBA	C	-2.0%
NYT	A	-1.99%
MSFT	D	-1.99%
CNO	A	-1.99%
PBI	A	-1.99%
AAPL	C	-1.99%
VIRT	A	-1.99%
GNW	D	-1.98%
LESL	F	-1.94%
ACIW	C	-1.94%
PAA	D	-1.93%
PAGP	D	-1.92%
HTZ	F	-1.92%
TJX	D	-1.92%
BRC	D	-1.91%
PGR	D	-1.91%
ROST	F	-1.89%
ZIM	A	-1.85%
MHO	D	-1.85%
HCA	D	-1.79%
CVLT	B	-1.76%
UHS	D	-1.73%
THC	C	-1.71%
AGL	F	-1.41%