AIEQ vs. FDL ETF Comparison

Comparison of AI Powered Equity ETF (AIEQ) to First Trust Morningstar ETF (FDL)

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.44

Average Daily Volume

8,163

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.90

Average Daily Volume

466,563

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AIEQ	FDL
30 Days	2.92%	3.51%
60 Days	2.51%	4.99%
90 Days	3.94%	11.45%
12 Months	23.21%	26.47%

10 Overlapping Holdings

Symbol	Grade	Weight in AIEQ	Weight in FDL	Overlap
FLO	C	0.09%	0.12%	0.09%
FMC	C	0.82%	0.21%	0.21%
LNC	D	0.18%	0.19%	0.18%
LNT	B	0.27%	0.39%	0.27%
MAN	C	0.1%	0.09%	0.09%
MSM	D	0.22%	0.09%	0.09%
NXST	D	0.01%	0.15%	0.01%
OKE	B	0.6%	1.73%	0.6%
UBSI	B	0.23%	0.15%	0.15%
WU	F	0.12%	0.2%	0.12%

AIEQ Overweight 126 Positions Relative to FDL

Symbol	Grade	Weight
BAC	D	4.25%
PG	C	4.11%
CMCSA	D	3.91%
SPGI	B	3.85%
SCHW	D	3.78%
C	D	3.75%
JPM	D	3.74%
V	C	3.37%
NOW	B	3.32%
NFLX	B	2.53%
NEE	C	2.42%
EOG	D	2.34%
TJX	B	1.89%
URI	B	1.62%
AME	C	1.59%
TTD	B	1.37%
TT	B	1.19%
FIS	B	1.17%
ALL	B	1.1%
HSY	C	1.08%
XYL	D	1.04%
DECK	C	1.01%
ITW	C	0.99%
MCO	B	0.92%
RJF	C	0.92%
MNST	D	0.89%
CME	C	0.87%
PCG	C	0.85%
MCK	F	0.82%
APP	C	0.81%
EG	C	0.81%
PCAR	D	0.81%
DVA	B	0.8%
APD	B	0.79%
LRCX	F	0.78%
WAT	C	0.75%
HAL	F	0.75%
PKG	B	0.74%
NDAQ	A	0.74%
COP	D	0.73%
ADM	D	0.7%
HRL	C	0.67%
EBAY	B	0.63%
CHTR	D	0.62%
W	D	0.61%
EQT	D	0.59%
TFX	C	0.58%
MAS	B	0.56%
OKTA	F	0.56%
SYY	D	0.55%
OLLI	C	0.55%
PSTG	F	0.54%
SQ	D	0.51%
CHK	D	0.51%
BLD	D	0.49%
WYNN	D	0.45%
BKR	C	0.45%
BDX	D	0.43%
AMP	A	0.43%
DPZ	F	0.43%
DOX	C	0.43%
INSP	C	0.43%
ALB	D	0.42%
PVH	F	0.42%
TDG	B	0.42%
SPG	B	0.42%
HPE	D	0.42%
ALNY	C	0.41%
MOD	A	0.41%
WMG	D	0.4%
XRAY	D	0.4%
RS	D	0.4%
TRMB	C	0.39%
PII	D	0.38%
VST	C	0.37%
GTLS	F	0.35%
SOFI	C	0.34%
ITRI	C	0.34%
ACHC	C	0.33%
TECH	C	0.33%
NDSN	C	0.33%
SON	C	0.31%
EXP	B	0.3%
IBP	D	0.3%
OSK	F	0.3%
GRMN	D	0.29%
BIO	C	0.28%
MEDP	F	0.28%
TPL	B	0.28%
IRM	C	0.28%
LANC	D	0.27%
PARA	F	0.26%
WMS	D	0.26%
LAMR	B	0.26%
JAZZ	D	0.25%
CHE	C	0.25%
NVST	D	0.25%
RYAN	D	0.24%
MTDR	F	0.24%
BBWI	F	0.24%
FLS	D	0.23%
EXAS	C	0.2%
FDS	C	0.19%
BRX	B	0.17%
BCC	C	0.17%
M	F	0.16%
TENB	F	0.16%
SEE	D	0.16%
TKR	D	0.14%
CMI	C	0.13%
SEIC	C	0.13%
LSTR	D	0.13%
MORN	C	0.12%
FUL	C	0.11%
BC	C	0.1%
R	A	0.09%
NTRS	A	0.09%
SUM	D	0.09%
CWST	D	0.09%
CADE	C	0.09%
ITT	B	0.08%
HOOD	C	0.08%
TXRH	C	0.07%
NFG	B	0.04%
COOP	C	0.04%
SWX	C	0.0%

AIEQ Underweight 89 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	C	-8.52%
VZ	B	-8.22%
CVX	D	-7.23%
PFE	C	-6.69%
PM	C	-6.53%
MO	C	-5.15%
IBM	B	-5.12%
GILD	B	-3.31%
UPS	D	-2.98%
DUK	C	-2.41%
USB	B	-2.27%
CVS	D	-2.13%
TFC	C	-2.09%
PNC	B	-1.91%
KMI	B	-1.59%
AEP	C	-1.44%
F	F	-1.38%
PRU	C	-1.26%
DOW	D	-1.17%
KMB	D	-1.16%
EXC	C	-1.16%
KHC	C	-1.02%
XEL	B	-0.94%
EIX	C	-0.92%
WEC	C	-0.84%
LYB	D	-0.84%
FANG	D	-0.79%
ES	C	-0.76%
ETR	B	-0.73%
FITB	B	-0.72%
RF	B	-0.69%
HBAN	B	-0.68%
FE	C	-0.66%
TROW	D	-0.65%
STT	B	-0.63%
KEY	B	-0.6%
AEE	C	-0.57%
CFG	C	-0.57%
BBY	C	-0.56%
K	B	-0.54%
CLX	C	-0.5%
CAG	C	-0.49%
EVRG	B	-0.45%
FNF	B	-0.4%
SWK	B	-0.37%
IPG	C	-0.34%
SJM	C	-0.32%
PNW	C	-0.31%
OMF	D	-0.29%
CMA	B	-0.29%
CNH	D	-0.28%
HAS	B	-0.28%
OGE	C	-0.25%
WHR	D	-0.25%
COLB	B	-0.24%
UGI	C	-0.22%
MTN	D	-0.22%
FHN	D	-0.22%
BEN	F	-0.21%
FAF	B	-0.18%
ZION	D	-0.17%
SNV	C	-0.17%
JHG	B	-0.15%
VLY	C	-0.15%
POR	C	-0.14%
SR	B	-0.13%
FIBK	B	-0.13%
BKH	B	-0.13%
OZK	D	-0.12%
NJR	B	-0.12%
OGS	B	-0.11%
AVA	C	-0.11%
ALE	B	-0.11%
NWE	B	-0.11%
WEN	C	-0.11%
APAM	C	-0.11%
PRGO	D	-0.1%
FHB	D	-0.1%
PNM	B	-0.1%
TNL	D	-0.09%
ASB	D	-0.09%
LCII	C	-0.08%
CRI	D	-0.08%
AGR	B	-0.08%
CC	F	-0.07%
CATY	C	-0.07%
FHI	A	-0.07%
SMG	C	-0.07%
GEF	D	-0.01%