MVPA vs. FMED ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to Fidelity Disruptive Medicine ETF (FMED)

MVPA

Advisor Managed Portfolios Miller Value Partners Appreciation ETF

MVPA Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the "Adviser") believes have an above-average probability of outperforming the S&P 500® Index (the "S&P 500") over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.12

Average Daily Volume

9,751

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FMED

Fidelity Disruptive Medicine ETF

FMED Description

The fund normally invests at least 80% of assets in securities of disruptive medicine companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.60

Average Daily Volume

5,221

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	FMED
30 Days	-1.96%	-0.45%
60 Days	3.49%	-2.50%
90 Days	25.33%	0.29%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in FMED	Overlap
	CNC	C	4.92%	3.52%	3.52%

MVPA Overweight 9 Positions Relative to FMED

	Symbol	Grade	Weight
	MSTR	D	9.89%
	CROX	D	8.62%
	BLDR	C	8.27%
	MBC	D	5.3%
	WIRE	A	5.1%
	CTO	B	4.81%
	CPNG	A	3.83%
	BFH	A	3.83%
	JXN	A	3.82%

MVPA Underweight 9 Positions Relative to FMED

	Symbol	Grade	Weight
	BSX	A	-5.74%
	UNH	C	-3.93%
	DHR	C	-3.47%
	MASI	C	-3.47%
	ISRG	C	-3.36%
	RPRX	D	-2.82%
	SYK	D	-2.57%
	PEN	F	-2.55%
	LEGN	F	-2.41%

MVPA: Top Represented Industries & Keywords

Industries: Asset Management Building Materials Credit Services Electronic Components Footwear & Accessories Furnishings, Fixtures & Appliances Health Care Plans Internet Retail Real Estate - General Software - Application

Keywords: S&P 500 Visual Arts Woodworking Acetate Analytical Applications Annuities Annuity Products Beauty Products Behavioral Healthcare Billboard Building Materials Business Analysis Business Intelligence Buy Now Pay Later Cabinetry Cables Care Management Care Management Solutions Claims Processing Clothing

FMED: Top Represented Industries & Keywords

Industries: Medical Devices Biotechnology Health Care Plans Medical Instruments & Supplies Diagnostics & Research

Keywords: S&P 500 Medicine Medical Equipment Medical Technology Catheter Claims Processing Disease Endoscopy Formulary Health Care Health Management Interventional Radiology Managed Care Medicaid Surgical Equipment Surgical Tools 3 D Ablation Advisory Consulting Services Analytical Instruments