PAPI vs. QUAL ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to iShares MSCI USA Quality Factor ETF (QUAL)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	QUAL
30 Days	3.08%	1.61%
60 Days	3.73%	2.39%
90 Days	4.88%	3.34%
12 Months	19.25%	30.86%

38 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in QUAL	Overlap
ACN	C	0.5%	1.67%	0.5%
ADP	B	0.54%	1.75%	0.54%
AFG	A	0.54%	0.06%	0.06%
AFL	B	0.5%	0.42%	0.42%
AOS	F	0.48%	0.06%	0.06%
APD	A	0.51%	0.35%	0.35%
ATO	A	0.53%	0.4%	0.4%
BBY	D	0.49%	0.29%	0.29%
CME	A	0.52%	0.52%	0.52%
COP	C	0.56%	1.73%	0.56%
COST	B	0.54%	2.55%	0.54%
CSCO	B	0.54%	1.74%	0.54%
EA	A	0.59%	0.2%	0.2%
ED	D	0.48%	0.5%	0.48%
EXPD	D	0.52%	0.12%	0.12%
FAST	B	0.56%	0.42%	0.42%
GGG	B	0.55%	0.11%	0.11%
GRMN	B	0.65%	0.48%	0.48%
IPG	D	0.45%	0.05%	0.05%
JKHY	D	0.49%	0.09%	0.09%
JNJ	D	0.5%	2.15%	0.5%
KO	D	0.45%	1.43%	0.45%
LIN	D	0.49%	1.14%	0.49%
MSFT	F	0.53%	4.5%	0.53%
OMC	C	0.49%	0.1%	0.1%
PAYX	C	0.53%	0.49%	0.49%
PEG	A	0.52%	0.69%	0.52%
PEP	F	0.48%	1.1%	0.48%
PKG	A	0.56%	0.1%	0.1%
PPG	F	0.49%	0.15%	0.15%
QCOM	F	0.49%	1.15%	0.49%
RS	B	0.56%	0.09%	0.09%
SRE	A	0.57%	0.93%	0.57%
TJX	A	0.54%	2.03%	0.54%
TROW	B	0.56%	0.19%	0.19%
TXN	C	0.53%	1.34%	0.53%
UNH	C	0.55%	2.81%	0.55%
WSO	A	0.56%	0.12%	0.12%

PAPI Overweight 151 Positions Relative to QUAL

Symbol	Grade	Weight
SNA	A	0.63%
IP	B	0.63%
DTM	B	0.62%
BKR	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
PB	A	0.59%
MO	A	0.59%
IDA	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
TRV	B	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	C	0.57%
LH	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
XEL	A	0.57%
CVX	A	0.57%
CMI	A	0.57%
CAH	B	0.56%
EOG	A	0.56%
PM	B	0.56%
VLO	C	0.55%
PPL	B	0.55%
DCI	B	0.55%
INGR	B	0.55%
EVRG	A	0.55%
OGE	B	0.55%
T	A	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
CMCSA	B	0.54%
COR	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
CHD	B	0.54%
DRI	B	0.54%
MTN	C	0.54%
AEE	A	0.54%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
GILD	C	0.53%
PRU	A	0.53%
MSM	C	0.53%
COLM	B	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	B	0.52%
LNT	A	0.52%
BMI	B	0.52%
ROP	B	0.52%
ABT	B	0.52%
NFG	A	0.52%
PG	A	0.52%
ATR	B	0.52%
UPS	C	0.52%
HPQ	B	0.52%
XOM	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
WEC	A	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	D	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
LKQ	D	0.51%
OXM	D	0.51%
MDT	D	0.51%
CTVA	C	0.5%
BDX	F	0.5%
DUK	C	0.5%
RTX	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
FE	C	0.5%
GD	F	0.5%
VZ	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
AEP	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
D	C	0.5%
MTG	C	0.5%
SO	D	0.5%
DOX	D	0.49%
CHE	D	0.49%
KMB	D	0.49%
SON	D	0.49%
FLO	D	0.49%
EMN	D	0.49%
HRL	D	0.49%
CAG	D	0.48%
LYB	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
AMCR	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ABBV	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
MRK	F	0.46%
IBM	C	0.46%
SWKS	F	0.45%
GPC	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
PFE	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
HII	D	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 85 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	C	-6.93%
AAPL	C	-5.44%
V	A	-4.5%
MA	C	-4.22%
META	D	-4.09%
LLY	F	-3.42%
GOOGL	C	-1.77%
ADBE	C	-1.76%
NFLX	A	-1.76%
GOOG	C	-1.55%
NKE	D	-1.41%
CAT	B	-1.4%
CMG	B	-1.26%
AMAT	F	-1.17%
LMT	D	-1.08%
BLK	C	-0.99%
SLB	C	-0.89%
KLAC	D	-0.77%
MMC	B	-0.74%
ANET	C	-0.73%
ITW	B	-0.73%
LRCX	F	-0.73%
PLD	D	-0.71%
DHI	D	-0.7%
LULU	C	-0.66%
VRTX	F	-0.62%
CTAS	B	-0.6%
GWW	B	-0.59%
CDNS	B	-0.58%
TPL	A	-0.58%
SHW	A	-0.57%
PSA	D	-0.55%
MCO	B	-0.53%
NVR	D	-0.52%
SNPS	B	-0.51%
ZTS	D	-0.51%
APH	A	-0.5%
MMM	D	-0.5%
DECK	A	-0.49%
TSCO	D	-0.43%
PHM	D	-0.43%
CBRE	B	-0.35%
ODFL	B	-0.34%
AMP	A	-0.33%
ULTA	F	-0.31%
IDXX	F	-0.3%
WSM	B	-0.29%
FERG	B	-0.28%
ACGL	D	-0.26%
CSGP	D	-0.26%
AVB	B	-0.24%
EW	C	-0.24%
ROK	B	-0.22%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	D	-0.21%
MNST	C	-0.21%
NTAP	C	-0.21%
MANH	D	-0.2%
A	D	-0.2%
APA	D	-0.19%
MPWR	F	-0.18%
EQR	B	-0.18%
EME	C	-0.17%
RMD	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
HSY	F	-0.15%
KEYS	A	-0.15%
CBOE	B	-0.14%
WAT	B	-0.13%
ROL	B	-0.12%
WST	C	-0.12%
FDS	B	-0.12%
ERIE	D	-0.09%
MOH	F	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
SOLV	C	-0.05%
WBA	F	-0.03%