MVPA vs. MRGR ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to ProShares Merger ETF (MRGR)
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

$31.28

Average Daily Volume

8,932

Number of Holdings *

10

* may have additional holdings in another (foreign) market
MRGR

ProShares Merger ETF

MRGR Description The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$39.97

Average Daily Volume

976

Number of Holdings *

31

* may have additional holdings in another (foreign) market
Performance
Period MVPA MRGR
30 Days 0.65% -1.02%
60 Days 2.19% -1.05%
90 Days 21.70% 0.12%
12 Months 6.44%
0 Overlapping Holdings
Symbol Grade Weight in MVPA Weight in MRGR Overlap
MVPA Overweight 10 Positions Relative to MRGR
Symbol Grade Weight
CPNG B 9.35%
CNC C 8.03%
CROX C 6.04%
CTO B 5.86%
BFH B 4.37%
BLDR D 3.96%
MBC D 3.87%
CART C 3.68%
JXN A 3.56%
STLA D 3.4%
MVPA Underweight 31 Positions Relative to MRGR
Symbol Grade Weight
WRK A -3.16%
EVBG B -3.04%
ETRN B -2.88%
PXD B -2.69%
NS D -2.61%
SWAV A -2.54%
EDR A -2.53%
FUSN A -2.53%
CERE B -2.52%
MODN B -2.51%
ALPN A -2.51%
DOOR A -2.51%
AIRC A -2.51%
AMK D -2.48%
HIBB A -2.48%
AEL A -2.48%
HCP B -2.46%
DFS C -2.46%
ANSS D -2.44%
WIRE B -2.41%
SLCA B -2.41%
AXNX C -2.4%
HES B -2.35%
INBX D -2.34%
JNPR D -2.31%
CTLT D -2.31%
HA D -2.17%
MGRC D -2.14%
CHX D -2.13%
X D -1.84%
CPRI F -1.57%
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