PAVE vs. PPI ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to AXS Astoria Inflation Sensitive ETF (PPI)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$41.29

Average Daily Volume

925,503

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPI

AXS Astoria Inflation Sensitive ETF

PPI Description

AXS Astoria Inflation Sensitive ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is co-managed by AXS Investments LLC, Astoria Portfolio Advisors LLC. It invests in public equity, fixed income and commodity markets of the United States. For its equity portion, it invests in stocks of companies operating across energy, financials, industrials and materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities of varying maturities. For its commodity portion, it invests through other funds in commodities. The fund employs fundamental and quantitative analysis with top-down securities picking approach to create its portfolio. The fund employs internal and external research to create its portfolio. AXS Astoria Inflation Sensitive ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$15.19

Average Daily Volume

21,258

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	PPI
30 Days	0.98%	-2.75%
60 Days	4.74%	-0.92%
90 Days	10.34%	4.44%
12 Months	39.32%	18.86%

8 Overlapping Holdings

Symbol	Grade	Weight in PAVE	Weight in PPI	Overlap
BLDR	F	1.64%	2.07%	1.64%
CSL	C	1.65%	2.31%	1.65%
EME	A	1.55%	1.47%	1.47%
NUE	F	2.04%	1.75%	1.75%
RPM	B	1.24%	1.14%	1.14%
STLD	A	1.54%	1.49%	1.49%
URI	B	3.56%	3.77%	3.56%
WMS	F	0.86%	0.84%	0.84%

PAVE Overweight 90 Positions Relative to PPI

Symbol	Grade	Weight
TT	C	3.86%
ETN	B	3.5%
PH	A	3.31%
PWR	B	3.3%
HWM	B	3.13%
SRE	C	2.96%
EMR	B	2.8%
MLM	A	2.78%
FAST	A	2.7%
NSC	B	2.63%
DE	B	2.6%
VMC	A	2.49%
UNP	D	2.45%
CSX	F	2.38%
ROK	B	2.16%
FTV	F	1.96%
HUBB	B	1.76%
J	D	1.32%
WLK	F	1.29%
PNR	B	1.2%
RS	C	1.2%
IEX	A	1.14%
TRMB	A	1.11%
ACM	A	1.06%
GGG	D	1.04%
TTEK	B	0.95%
BLD	F	0.87%
LECO	B	0.82%
TPC	B	0.82%
RRX	A	0.82%
POWL	A	0.8%
EXP	B	0.74%
WWD	D	0.73%
MTZ	A	0.71%
AGX	A	0.68%
MLI	A	0.68%
AYI	A	0.67%
WCC	A	0.66%
X	C	0.65%
CR	B	0.64%
RBC	D	0.62%
ATI	F	0.59%
CRS	B	0.57%
USLM	A	0.55%
AA	B	0.55%
STRL	B	0.54%
LPX	D	0.53%
VMI	A	0.5%
ROAD	B	0.48%
CLF	C	0.48%
ZWS	A	0.46%
PRIM	A	0.46%
GVA	A	0.45%
HRI	A	0.44%
CMC	A	0.44%
BMI	D	0.44%
CSWI	B	0.44%
MDU	F	0.43%
DY	C	0.42%
EXPO	D	0.4%
DXPE	C	0.38%
NWPX	A	0.38%
MWA	B	0.38%
KNF	A	0.38%
CENX	B	0.37%
SUM	A	0.36%
TRN	C	0.34%
ACA	B	0.34%
DNOW	F	0.3%
MTX	C	0.29%
MRC	F	0.29%
GBX	A	0.28%
HAYN	A	0.28%
GRC	D	0.28%
TEX	F	0.26%
HEES	B	0.26%
CXT	F	0.23%
ATKR	F	0.23%
ASTE	C	0.22%
IIIN	F	0.21%
CALX	D	0.21%
MYRG	B	0.21%
MTRN	D	0.21%
CMCO	F	0.21%
ROCK	D	0.2%
WNC	F	0.17%
MTUS	F	0.17%
RYI	C	0.15%
TITN	D	0.13%
CTOS	D	0.12%

PAVE Underweight 22 Positions Relative to PPI

Symbol	Grade	Weight
GLDM	A	-6.08%
SCHP	C	-5.21%
STIP	B	-4.71%
XHLF	A	-4.0%
CAT	B	-3.95%
GLTR	B	-3.06%
XOM	C	-2.98%
GDX	C	-2.82%
DAL	A	-2.79%
COP	D	-2.3%
EOG	D	-2.19%
TBIL	A	-2.0%
MPC	F	-1.57%
LYB	F	-1.56%
FANG	F	-1.37%
CF	B	-1.11%
CE	F	-1.1%
GPK	D	-1.06%
DVN	F	-0.94%
MRO	C	-0.94%
TXT	F	-0.93%
OVV	F	-0.85%