FPAG vs. GSIB ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Themes Global Systemically Important Banks ETF (GSIB)

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

$30.99

Average Daily Volume

28,017

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

The fund is an actively managed exchange-traded fund ("ETF") that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") that represent such companies in the banking sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.38

Average Daily Volume

2,358

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	GSIB
30 Days	1.22%	4.57%
60 Days	1.82%	7.82%
90 Days	1.89%	7.78%
12 Months	23.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in GSIB	Overlap
	C	A	4.88%	3.67%	3.67%
	WFC	A	3.66%	4.33%	3.66%

FPAG Overweight 23 Positions Relative to GSIB

Symbol	Grade	Weight
GOOGL	C	6.38%
META	D	5.35%
ADI	D	5.13%
CMCSA	B	4.78%
TEL	B	4.58%
GOOG	C	4.17%
IFF	D	3.84%
AMZN	C	3.39%
AON	A	2.69%
AVGO	D	2.26%
NXPI	D	2.21%
KMX	B	1.85%
CHTR	C	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	D	1.16%
NFLX	A	0.66%
BABA	D	0.29%
PCG	A	0.21%

FPAG Underweight 14 Positions Relative to GSIB

Symbol	Grade	Weight
MS	A	-4.27%
BK	A	-4.1%
STT	A	-4.06%
MFG	B	-3.93%
GS	A	-3.89%
BAC	A	-3.76%
JPM	A	-3.75%
MUFG	B	-3.7%
BCS	C	-3.57%
SMFG	B	-3.54%
HSBC	B	-3.37%
SAN	F	-3.09%
TD	F	-2.86%
ING	F	-2.75%