FPAG vs. MVAL ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (MVAL)

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

$30.51

Average Daily Volume

27,768

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVAL

SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF

MVAL Description

The fund invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.99

Average Daily Volume

557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	MVAL
30 Days	-1.42%	-2.23%
60 Days	2.06%	0.24%
90 Days	2.54%	3.78%
12 Months	23.31%

4 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in MVAL	Overlap
CMCSA	B	4.78%	2.3%	2.3%
GOOGL	B	6.38%	1.22%	1.22%
IFF	D	3.84%	3.69%	3.69%
NXPI	F	2.21%	2.1%	2.1%

FPAG Overweight 21 Positions Relative to MVAL

Symbol	Grade	Weight
META	C	5.35%
ADI	D	5.13%
C	A	4.88%
TEL	C	4.58%
GOOG	B	4.17%
WFC	A	3.66%
AMZN	B	3.39%
AON	A	2.69%
AVGO	C	2.26%
KMX	B	1.85%
CHTR	B	1.75%
KMI	A	1.72%
MAR	A	1.69%
FE	C	1.49%
HWM	A	1.29%
ICLR	F	1.26%
WAB	B	1.23%
UBER	C	1.16%
NFLX	A	0.66%
BABA	D	0.29%
PCG	A	0.21%

FPAG Underweight 35 Positions Relative to MVAL

Symbol	Grade	Weight
BMY	B	-5.37%
GILD	B	-5.31%
EMR	A	-5.12%
USB	B	-4.98%
KVUE	A	-4.81%
MO	A	-4.68%
CPB	D	-4.09%
PFE	F	-3.76%
DIS	A	-3.42%
BA	F	-3.33%
BIO	C	-3.08%
NKE	D	-2.82%
SCHW	A	-2.73%
MAS	D	-2.54%
CTVA	D	-2.45%
HON	A	-2.44%
NOC	D	-2.34%
UPS	C	-2.23%
RTX	D	-2.22%
ZBH	C	-2.12%
ALLE	D	-1.87%
MCD	D	-1.84%
MKTX	C	-1.8%
TMO	D	-1.57%
SBUX	A	-1.53%
LRCX	F	-1.3%
HII	F	-1.24%
KEYS	C	-1.2%
GEHC	D	-1.12%
STZ	D	-0.97%
CLX	A	-0.93%
OTIS	D	-0.92%
TER	F	-0.9%
WAT	B	-0.9%
ETSY	D	-0.58%