FPAG vs. LVOL ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to American Century Low Volatility ETF (LVOL)

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

$28.29

Average Daily Volume

18,969

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$49.43

Average Daily Volume

621

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	LVOL
30 Days	-0.81%	-3.45%
60 Days	3.13%	-2.30%
90 Days	7.96%	0.42%
12 Months	25.65%	14.83%

7 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in LVOL	Overlap
AMZN	A	3.39%	1.02%	1.02%
AON	D	3.0%	0.6%	0.6%
AVGO	B	2.07%	0.97%	0.97%
CMCSA	F	5.11%	0.31%	0.31%
GOOG	A	3.83%	0.75%	0.75%
GOOGL	A	5.87%	2.11%	2.11%
TEL	D	4.71%	1.8%	1.8%

FPAG Overweight 18 Positions Relative to LVOL

Symbol	Grade	Weight
META	D	5.95%
ADI	A	4.77%
C	A	4.72%
IFF	A	3.91%
WFC	A	3.78%
NXPI	B	2.01%
CHTR	F	1.87%
KMX	D	1.86%
KMI	A	1.78%
MAR	D	1.7%
FE	A	1.53%
WAB	A	1.27%
HWM	B	1.26%
ICLR	C	1.21%
UBER	D	1.19%
NFLX	D	0.67%
BABA	C	0.27%
PCG	A	0.22%

FPAG Underweight 90 Positions Relative to LVOL

Symbol	Grade	Weight
MSFT	D	-6.67%
AAPL	F	-4.57%
V	C	-3.16%
PG	A	-2.96%
JNJ	F	-2.78%
MMC	D	-2.68%
KO	A	-2.59%
BRK.A	D	-2.51%
LIN	D	-2.47%
MRK	A	-2.36%
MCD	D	-2.32%
CB	D	-2.18%
APH	A	-2.13%
CSCO	D	-2.12%
GD	B	-2.1%
MA	C	-2.1%
ACN	F	-1.98%
ABT	C	-1.88%
HD	C	-1.87%
PEP	A	-1.84%
MDT	D	-1.67%
CMI	B	-1.57%
CTSH	D	-1.41%
COST	B	-1.31%
CTAS	A	-1.24%
DOX	D	-1.21%
BMY	F	-1.11%
RSG	A	-1.04%
WM	B	-0.97%
HON	C	-0.97%
WRB	D	-0.93%
CL	A	-0.91%
ITW	D	-0.84%
NDSN	D	-0.82%
MCO	D	-0.76%
DOV	A	-0.75%
ADSK	F	-0.73%
LLY	D	-0.71%
PAYX	D	-0.7%
BSX	A	-0.61%
HIG	D	-0.61%
ORLY	D	-0.61%
PGR	B	-0.61%
ABBV	D	-0.6%
ROP	D	-0.6%
IBM	D	-0.59%
AJG	D	-0.59%
ECL	C	-0.59%
SHW	D	-0.58%
SYK	C	-0.58%
KEYS	C	-0.58%
DHR	C	-0.57%
WMT	A	-0.56%
MSI	A	-0.56%
TRV	D	-0.56%
KMB	A	-0.55%
FAST	C	-0.51%
SPGI	C	-0.5%
YUM	A	-0.5%
OTIS	D	-0.49%
EA	D	-0.46%
IEX	D	-0.43%
VRSK	D	-0.41%
PPG	D	-0.41%
CDW	C	-0.4%
INTU	C	-0.36%
SNPS	C	-0.3%
BR	D	-0.29%
DLB	D	-0.29%
GRMN	A	-0.27%
BLK	C	-0.25%
BRO	D	-0.24%
HOLX	B	-0.23%
SNA	D	-0.23%
TMUS	B	-0.23%
PKG	D	-0.21%
VRSN	F	-0.21%
MDLZ	B	-0.21%
CRM	D	-0.21%
AVY	B	-0.21%
FDS	D	-0.18%
JKHY	D	-0.16%
FFIV	C	-0.13%
CHE	D	-0.09%
ITT	B	-0.09%
DCI	A	-0.09%
GGG	D	-0.09%
CW	A	-0.09%
LSTR	D	-0.08%
VLTO	A	-0.03%