GAA vs. ARP ETF Comparison

Comparison of Cambria Global Asset Allocation ETF (GAA) to PMV Adaptive Risk Parity ETF (ARP)

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

9,564

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.87

Average Daily Volume

3,265

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	GAA	ARP
30 Days	2.77%	0.35%
60 Days	-0.87%	0.43%
90 Days	2.38%	1.64%
12 Months	15.05%	16.98%

1 Overlapping Holdings

	Symbol	Grade	Weight in GAA	Weight in ARP	Overlap
	PDBC	D	5.72%	1.46%	1.46%

GAA Overweight 18 Positions Relative to ARP

	Symbol	Grade	Weight
	EYLD	D	9.31%
	GVAL	D	5.64%
	QMOM	A	5.61%
	VAMO	A	4.66%
	FYLD	D	4.56%
	SYLD	A	4.25%
	BAR	C	4.12%
	HYEM	C	4.01%
	VCIT	D	2.94%
	JPMB	D	2.94%
	SCHP	C	2.63%
	WIP	F	2.25%
	IMOM	D	2.02%
	IHY	D	1.97%
	VGIT	D	1.9%
	VGLT	F	1.82%
	GDX	D	1.08%
	BOXX	A	0.98%

GAA Underweight 4 Positions Relative to ARP

	Symbol	Grade	Weight
	SHV	A	-20.23%
	PHYS	C	-18.55%
	QQQ	B	-5.27%
	USDU	A	-3.11%

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Exchange Traded Products Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Fund Bond Market Bullion Commodity Commodity Markets Commodity Trading Advisor Government Bonds Index Fund Inverse ETF Invesco Powershares Managed Futures Account Mutual Fund Mutual Fund Trust