FPAG vs. EPHE ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to iShares MSCI Philippines ETF (EPHE)

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 ^*

25

* may have additional holdings in another (foreign) market

EPHE

iShares MSCI Philippines ETF

EPHE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Philippines Investable Market Index. The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of the Philippine equity markets. Components primarily include financial, industrials and utilities companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

51,400

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	EPHE
30 Days	0.08%	-6.64%
60 Days	1.01%	-0.47%
90 Days	5.63%	9.54%
12 Months	31.03%	16.96%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in EPHE	Overlap
	TEL	A	4.58%	3.71%	3.71%

FPAG Overweight 24 Positions Relative to EPHE

	Symbol	Grade	Weight
	GOOGL	A	6.38%
	META	B	5.35%
	ADI	C	5.13%
	C	A	4.88%
	CMCSA	A	4.78%
	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 2 Positions Relative to EPHE

	Symbol	Grade	Weight
	SM	F	-7.25%
	AC	B	-6.76%

FPAG: Top Represented Industries & Keywords

Industries: Internet Content & Information Semiconductors Banks - Global Pay TV Specialty Retail Auto & Truck Dealerships Diagnostics & Research Electronic Components Insurance Brokers Lodging Media - Diversified Oil & Gas Midstream Railroads Software - Application Specialty Chemicals Specialty Industrial Machinery Utilities - Diversified Utilities - Regulated Electric

Keywords: S&P 500 Nasdaq 100 Computing Hyperscale Mobile Devices Work From Home Aerospace Broadband Online Advertising Smartphones Software Telecommunications Wireless Infrastructure Advertising Network Advertising Services Advisory Services Application Programming Interface Auction Based Advertising Program Bank Banking

EPHE: Top Represented Industries & Keywords

Industries: Capital Markets Electronic Components Oil & Gas E&P

Keywords: Aerospace Arbitrage Bakken Bakken Formation Card Products Circuit Protection Devices Communications Systems Consumer Devices Crude Oil Data Communications Electronic Components Electronics Energy Market Engineered Solutions Fiber Optic Communication Fiber Optics Identification Products Industrial Machinery Industrial Solutions Interface Devices