FPXE vs. FPAG ETF Comparison

Comparison of First Trust IPOX Europe Equity Opportunities ETF (FPXE) to FPA Global Equity ETF (FPAG)

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$25.15

Average Daily Volume

233

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$29.27

Average Daily Volume

18,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPXE	FPAG
30 Days	1.41%	3.14%
60 Days	1.73%	5.63%
90 Days	6.59%	7.53%
12 Months	18.45%	28.90%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPXE	Weight in FPAG	Overlap
	ICLR	D	1.53%	1.26%	1.26%

FPXE Overweight 22 Positions Relative to FPAG

Symbol	Grade	Weight
NVT	B	8.19%
ARM	F	4.96%
SPOT	B	3.6%
MNDY	F	2.64%
ONON	D	2.03%
HAFN	A	1.93%
CLBT	D	1.06%
BIRK	C	0.83%
ZGN	F	0.47%
FROG	D	0.42%
STVN	F	0.35%
PHVS	F	0.3%
JHG	A	0.26%
CNTA	D	0.23%
IMCR	F	0.15%
MRUS	C	0.14%
CMPS	F	0.13%
SPNT	C	0.1%
PAX	F	0.09%
VTEX	F	0.07%
OSW	A	0.07%
IMTX	D	0.06%

FPXE Underweight 24 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	B	-6.38%
META	D	-5.35%
ADI	A	-5.13%
C	A	-4.88%
CMCSA	D	-4.78%
TEL	A	-4.58%
GOOG	B	-4.17%
IFF	A	-3.84%
WFC	A	-3.66%
AMZN	B	-3.39%
AON	D	-2.69%
AVGO	C	-2.26%
NXPI	A	-2.21%
KMX	D	-1.85%
CHTR	F	-1.75%
KMI	A	-1.72%
MAR	D	-1.69%
FE	A	-1.49%
HWM	B	-1.29%
WAB	A	-1.23%
UBER	D	-1.16%
NFLX	C	-0.66%
BABA	B	-0.29%
PCG	B	-0.21%