FPAG vs. QTEC ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to First Trust NASDAQ-100- Technology Index Fund (QTEC)

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

$30.98

Average Daily Volume

12,546

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QTEC

First Trust NASDAQ-100- Technology Index Fund

QTEC Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$192.04

Average Daily Volume

122,999

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	QTEC
30 Days	2.70%	3.22%
60 Days	3.81%	2.72%
90 Days	4.93%	-2.74%
12 Months	31.39%	32.77%

6 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in QTEC	Overlap
ADI	C	5.13%	2.57%	2.57%
AVGO	C	2.26%	2.57%	2.26%
GOOG	D	4.17%	1.15%	1.15%
GOOGL	D	6.38%	1.15%	1.15%
META	B	5.35%	2.87%	2.87%
NXPI	D	2.21%	2.24%	2.21%

FPAG Overweight 19 Positions Relative to QTEC

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

FPAG Underweight 36 Positions Relative to QTEC

Symbol	Grade	Weight
FTNT	B	-3.28%
MDB	D	-3.17%
DASH	B	-3.07%
WDAY	D	-2.87%
ADSK	B	-2.83%
CTSH	B	-2.8%
AAPL	C	-2.8%
ON	D	-2.72%
TXN	B	-2.7%
PANW	D	-2.65%
MRVL	D	-2.65%
INTU	D	-2.63%
TEAM	D	-2.55%
ROP	C	-2.54%
ANSS	D	-2.52%
ADBE	F	-2.51%
DDOG	D	-2.5%
MSFT	C	-2.48%
AMD	C	-2.47%
CDW	D	-2.46%
ZS	F	-2.44%
KLAC	D	-2.4%
NVDA	C	-2.37%
CDNS	D	-2.24%
ARM	C	-2.23%
MCHP	D	-2.19%
SNPS	F	-2.16%
AMAT	D	-2.12%
QCOM	D	-2.08%
GFS	F	-2.04%
ASML	F	-2.03%
LRCX	D	-1.91%
CRWD	D	-1.85%
PDD	D	-1.77%
INTC	D	-1.73%
MU	D	-1.63%