MVPA vs. PSL ETF Comparison

Comparison of Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA) to PowerShares Dynamic Consumer Staples (PSL)

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

$35.91

Average Daily Volume

4,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSL

PowerShares Dynamic Consumer Staples

PSL Description

The PowerShares Dynamic Consumer Staples Sector Portfolio (Fund) is based on the Dynamic Consumer Staples Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$107.56

Average Daily Volume

2,465

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVPA	PSL
30 Days	9.32%	6.20%
60 Days	10.45%	5.94%
90 Days	13.04%	7.10%
12 Months		27.80%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVPA	Weight in PSL	Overlap
	PRDO	B	2.51%	1.78%	1.78%

MVPA Overweight 30 Positions Relative to PSL

Symbol	Grade	Weight
BFH	C	6.02%
CTO	B	5.18%
CPNG	D	4.87%
JXN	C	4.87%
CNC	D	4.71%
MSTR	B	4.69%
SMLR	B	4.51%
ZD	B	4.19%
PYPL	B	3.9%
CROX	D	3.8%
IBTA	C	3.42%
TTE	F	3.32%
ATKR	D	2.95%
T	A	2.92%
LNC	C	2.85%
CTRN	F	2.84%
QUAD	C	2.82%
WAL	B	2.79%
TOST	B	2.58%
FTI	A	2.5%
FOUR	A	2.44%
ARLP	A	2.06%
VTRS	B	2.02%
ABNB	C	1.95%
BLDR	D	1.9%
LAD	A	1.67%
BKE	B	1.52%
MTCH	D	1.49%
EXFY	A	0.87%
CHRD	D	0.09%

MVPA Underweight 41 Positions Relative to PSL

Symbol	Grade	Weight
SFM	A	-4.04%
CHD	A	-3.56%
MO	A	-3.56%
CASY	A	-3.32%
SCI	B	-3.27%
COST	A	-3.23%
FRPT	B	-3.19%
MNST	C	-3.14%
PG	C	-2.98%
KR	B	-2.97%
USFD	A	-2.92%
BRBR	A	-2.84%
ATGE	B	-2.79%
HRB	D	-2.74%
LRN	A	-2.68%
PM	B	-2.68%
KDP	F	-2.63%
CALM	A	-2.61%
BJ	A	-2.59%
PEP	F	-2.34%
COKE	C	-2.34%
PFGC	B	-2.13%
TAP	C	-2.08%
LAUR	A	-2.07%
INGR	C	-2.0%
UNFI	A	-1.98%
SYY	D	-1.97%
SPB	C	-1.96%
MDLZ	F	-1.95%
LOPE	C	-1.83%
HSY	F	-1.8%
STZ	D	-1.76%
POST	C	-1.76%
WDFC	B	-1.69%
VITL	D	-1.68%
IPAR	B	-1.61%
BFAM	D	-1.61%
STRA	C	-1.49%
CHEF	A	-1.48%
HAIN	D	-1.41%
KLG	B	-1.35%