FPAG vs. VOX ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Vanguard Telecom ETF - DNQ (VOX)

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

VOX

Vanguard Telecom ETF - DNQ

VOX Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Telecommunication Services 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the telecommunication services sector, as classified under the Global Industry Classification Standard. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$129.24

Average Daily Volume

170,782

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	VOX
30 Days	-0.81%	-1.66%
60 Days	3.13%	2.42%
90 Days	7.96%	3.34%
12 Months	25.65%	32.97%

6 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in VOX	Overlap
CHTR	F	1.87%	1.18%	1.18%
CMCSA	F	5.11%	4.59%	4.59%
GOOG	A	3.83%	10.42%	3.83%
GOOGL	A	5.87%	13.02%	5.87%
META	D	5.95%	22.39%	5.95%
NFLX	D	0.67%	4.54%	0.67%

FPAG Overweight 19 Positions Relative to VOX

Symbol	Grade	Weight
ADI	A	4.77%
C	A	4.72%
TEL	D	4.71%
IFF	A	3.91%
WFC	A	3.78%
AMZN	A	3.39%
AON	D	3.0%
AVGO	B	2.07%
NXPI	B	2.01%
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%
BABA	C	0.27%
PCG	A	0.22%

FPAG Underweight 93 Positions Relative to VOX

Symbol	Grade	Weight
DIS	D	-4.79%
VZ	D	-4.52%
T	C	-3.54%
TMUS	B	-2.86%
TTD	B	-1.44%
EA	D	-1.29%
TTWO	D	-1.1%
OMC	A	-1.03%
LYV	D	-0.99%
PINS	C	-0.99%
WBD	F	-0.94%
RBLX	D	-0.85%
IPG	C	-0.82%
SNAP	A	-0.81%
NWSA	D	-0.74%
MTCH	F	-0.73%
FOXA	A	-0.7%
ROKU	F	-0.66%
NYT	D	-0.64%
LBRDK	D	-0.6%
NXST	D	-0.56%
PARA	B	-0.44%
EDR	A	-0.44%
FYBR	C	-0.43%
ZI	D	-0.42%
WMG	D	-0.4%
FOX	A	-0.4%
IAC	D	-0.39%
NWS	D	-0.31%
ZD	F	-0.28%
IRDM	B	-0.28%
TRIP	B	-0.28%
TGNA	F	-0.27%
SIRI	F	-0.27%
CCOI	D	-0.27%
MSGS	B	-0.27%
YELP	B	-0.24%
CNK	B	-0.19%
CARG	B	-0.19%
CABO	F	-0.18%
SATS	B	-0.16%
LUMN	F	-0.15%
TDS	C	-0.15%
LBRDA	D	-0.14%
MGNI	D	-0.13%
MSGE	A	-0.12%
GSAT	D	-0.11%
SSTK	D	-0.11%
LGF.A	A	-0.1%
CARS	D	-0.1%
BMBL	D	-0.1%
LILAK	A	-0.09%
QNST	A	-0.09%
SCHL	D	-0.09%
PUBM	A	-0.09%
SHEN	F	-0.08%
TTGT	D	-0.08%
LGF.A	A	-0.07%
IAS	F	-0.07%
AMC	F	-0.07%
THRY	A	-0.07%
ZIP	F	-0.07%
IMAX	A	-0.07%
VMEO	D	-0.06%
IDT	D	-0.06%
CDLX	B	-0.05%
ADV	A	-0.05%
GTN	F	-0.05%
ATUS	D	-0.05%
STGW	B	-0.05%
GOGO	D	-0.05%
USM	B	-0.05%
BOC	C	-0.04%
MAX	D	-0.04%
BAND	A	-0.04%
CCO	F	-0.04%
ATEX	D	-0.04%
EB	F	-0.04%
FUBO	F	-0.04%
CNSL	C	-0.03%
MCS	F	-0.03%
ATNI	F	-0.03%
GCI	B	-0.03%
AMCX	D	-0.03%
WOW	F	-0.02%
IHRT	F	-0.02%
ANGI	D	-0.02%
SSP	F	-0.02%
MYPS	F	-0.02%
LILA	A	-0.02%
SKLZ	F	-0.01%
OB	B	-0.01%
SST	D	-0.0%