FPAG vs. SHOC ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Strive U.S. Semiconductor ETF (SHOC)

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 ^*

25

* may have additional holdings in another (foreign) market

SHOC

Strive U.S. Semiconductor ETF

SHOC Description

Strive U.S. Semiconductor ETF is an exchange traded fund launched and managed by Empowered Funds, LLC. The fund is co-managed by Strive Asset Management, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across information technology, semiconductors and semiconductor equipment sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Solactive United States Semiconductors 30 Capped Index, by using full replication technique. Strive U.S. Semiconductor ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$42.70

Average Daily Volume

12,898

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	SHOC
30 Days	-0.81%	-4.30%
60 Days	3.13%	-0.80%
90 Days	7.96%	6.26%
12 Months	25.65%	53.30%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in SHOC	Overlap
	ADI	A	4.77%	3.32%	3.32%
	AVGO	B	2.07%	4.25%	2.07%

FPAG Overweight 23 Positions Relative to SHOC

	Symbol	Grade	Weight
	META	D	5.95%
	GOOGL	A	5.87%
	CMCSA	F	5.11%
	C	A	4.72%
	TEL	D	4.71%
	IFF	A	3.91%
	GOOG	A	3.83%
	WFC	A	3.78%
	AMZN	A	3.39%
	AON	D	3.0%
	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 8 Positions Relative to SHOC

	Symbol	Grade	Weight
	NVDA	B	-26.44%
	ASML	C	-11.28%
	AMD	C	-8.55%
	MU	A	-4.43%
	AMAT	B	-4.25%
	LRCX	C	-4.22%
	TXN	B	-4.16%
	INTC	F	-3.98%

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

SHOC: Top Represented Industries & Keywords

Industries: Semiconductors Semiconductor Equipment & Materials Semiconductor Memory

Keywords: Nasdaq 100 S&P 500 Integrated Circuits Semiconductor Computing Baseband Consumer Electronics Design Manufacturers Power Management Semiconductor Device Fabrication Semiconductor Devices Smartphones Analog Devices Artificial Intelligence Baseband Processor CMOS Camera Cellular Telephone Chemical Vapor Deposition Communications Equipment