MVPA vs. FPXI ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to First Trust International IPO ETF (FPXI)

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 ^*

* may have additional holdings in another (foreign) market

FPXI

First Trust International IPO ETF

FPXI Description

The investment seeks investment results that correspond generally to the price andyield (before the fund's fees and expenses) of an index called the IPOXInternational Index. The fund will normally invest at least 90% of its net assets (plus the amount ofany borrowings for investment purposes) in common stocks and/or depositaryreceipts that comprise the index. The index is a market-cap weightedportfolio measuring the performance of the top 50 non-U.S. companies, includingcompanies domiciled in emerging markets, ranked quarterly by marketcapitalization in the IPOX(R) Global Composite Index (the "Base Index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.11

Average Daily Volume

13,807

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	FPXI
30 Days	-1.96%	-1.12%
60 Days	3.49%	-1.22%
90 Days	25.33%	10.13%
12 Months		19.77%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in FPXI	Overlap
	CPNG	A	3.83%	1.36%	1.36%

MVPA Overweight 9 Positions Relative to FPXI

Symbol	Grade	Weight
MSTR	D	9.89%
CROX	D	8.62%
BLDR	C	8.27%
MBC	D	5.3%
WIRE	A	5.1%
CNC	C	4.92%
CTO	B	4.81%
BFH	A	3.83%
JXN	A	3.82%

MVPA Underweight 14 Positions Relative to FPXI

Symbol	Grade	Weight
PDD	B	-5.63%
SPOT	B	-4.54%
NVT	A	-4.45%
ARM	F	-4.26%
NU	C	-4.26%
NVO	D	-4.25%
GSK	A	-2.8%
MNDY	D	-2.08%
NTES	C	-2.02%
SN	A	-1.53%
ICLR	D	-1.27%
TCOM	A	-1.09%
RBA	D	-0.45%
BIRK	D	-0.28%