LRGG vs. FPAG ETF Comparison

Comparison of Macquarie Focused Large Growth ETF (LRGG) to FPA Global Equity ETF (FPAG)

LRGG

Macquarie Focused Large Growth ETF

LRGG Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large capitalization companies. The fund"s securities will primarily include equity securities of growth-oriented companies selected by Delaware Management Company, the fund"s investment adviser ("Manager") that the Manager believes are high quality and have competitively advantaged business models and growth potential over the long term. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.76

Average Daily Volume

5,380

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

$30.82

Average Daily Volume

27,642

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LRGG	FPAG
30 Days	0.98%	0.15%
60 Days	3.16%	1.44%
90 Days	3.95%	2.86%
12 Months		24.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in LRGG	Weight in FPAG	Overlap
	AMZN	B	7.3%	3.39%	3.39%
	GOOG	B	6.51%	4.17%	4.17%

LRGG Overweight 17 Positions Relative to FPAG

Symbol	Grade	Weight
MSFT	D	12.62%
NVDA	A	11.59%
AAPL	C	7.33%
MSI	A	4.95%
V	A	4.93%
UNH	B	4.39%
WCN	A	4.15%
INTU	B	4.14%
ICE	D	3.43%
CSGP	C	3.25%
SNPS	C	3.04%
VRSN	D	2.98%
KO	D	2.93%
DHR	D	2.77%
SPGI	D	2.68%
MSCI	C	2.47%
EA	A	2.34%

LRGG Underweight 23 Positions Relative to FPAG

Symbol	Grade	Weight
GOOGL	B	-6.38%
META	C	-5.35%
ADI	D	-5.13%
C	B	-4.88%
CMCSA	B	-4.78%
TEL	C	-4.58%
IFF	D	-3.84%
WFC	A	-3.66%
AON	B	-2.69%
AVGO	D	-2.26%
NXPI	F	-2.21%
KMX	C	-1.85%
CHTR	B	-1.75%
KMI	A	-1.72%
MAR	B	-1.69%
FE	C	-1.49%
HWM	A	-1.29%
ICLR	D	-1.26%
WAB	B	-1.23%
UBER	F	-1.16%
NFLX	A	-0.66%
BABA	D	-0.29%
PCG	A	-0.21%