BBRE vs. HSMV ETF Comparison

Comparison of JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$100.43

Average Daily Volume

36,489

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	BBRE	HSMV
30 Days	-0.12%	4.88%
60 Days	-1.15%	5.46%
90 Days	2.93%	6.96%
12 Months	29.32%	27.49%

21 Overlapping Holdings

Symbol	Grade	Weight in BBRE	Weight in HSMV	Overlap
ADC	B	0.6%	1.34%	0.6%
AMH	D	1.04%	1.24%	1.04%
BRX	A	0.76%	0.48%	0.48%
CDP	C	0.32%	0.63%	0.32%
CTRE	D	0.27%	1.54%	0.27%
CUBE	D	0.94%	0.24%	0.24%
EGP	F	0.67%	0.63%	0.63%
ELS	C	1.12%	0.81%	0.81%
EPR	D	0.3%	0.79%	0.3%
EPRT	B	0.42%	0.65%	0.42%
FCPT	C	0.21%	0.86%	0.21%
FR	C	0.62%	0.45%	0.45%
GLPI	C	1.11%	0.99%	0.99%
IRT	A	0.41%	0.23%	0.23%
LXP	D	0.23%	0.34%	0.23%
NNN	D	0.67%	1.01%	0.67%
NSA	D	0.33%	0.13%	0.13%
OHI	C	0.85%	1.08%	0.85%
PECO	A	0.41%	0.74%	0.41%
REXR	F	0.67%	0.2%	0.2%
SBRA	C	0.4%	0.55%	0.4%

BBRE Overweight 93 Positions Relative to HSMV

Symbol	Grade	Weight
PLD	D	8.82%
EQIX	A	7.26%
WELL	A	6.14%
SPG	B	4.71%
DLR	B	4.55%
PSA	D	4.26%
O	D	3.78%
EXR	D	2.99%
IRM	D	2.92%
AVB	B	2.82%
VICI	C	2.63%
VTR	C	2.26%
EQR	B	2.25%
INVH	D	1.79%
ESS	B	1.71%
MAA	B	1.62%
ARE	D	1.48%
KIM	A	1.46%
SUI	D	1.35%
DOC	D	1.33%
UDR	B	1.27%
HST	C	1.13%
REG	B	1.08%
CPT	B	1.07%
BXP	D	1.04%
WPC	D	1.01%
FRT	B	0.73%
VNO	B	0.62%
STAG	F	0.58%
COLD	D	0.54%
RHP	B	0.53%
KRG	B	0.53%
SLG	B	0.45%
CUZ	B	0.42%
TRNO	F	0.41%
MAC	B	0.37%
KRC	C	0.37%
SKT	B	0.34%
APLE	B	0.31%
NHI	D	0.31%
PK	B	0.3%
HIW	D	0.3%
DEI	B	0.29%
BNL	D	0.27%
IIPR	D	0.26%
UE	C	0.25%
MPW	F	0.23%
IVT	B	0.21%
AKR	B	0.21%
EQC	B	0.2%
SHO	C	0.2%
ROIC	A	0.19%
DRH	B	0.17%
XHR	B	0.16%
PEB	D	0.15%
ELME	D	0.14%
JBGS	D	0.14%
LTC	B	0.14%
RLJ	C	0.14%
VRE	B	0.13%
ALEX	C	0.13%
AAT	B	0.13%
GNL	F	0.13%
ESRT	C	0.13%
GTY	B	0.12%
AIV	C	0.12%
PDM	D	0.11%
UMH	C	0.1%
NXRT	B	0.1%
CSR	B	0.1%
DEA	D	0.1%
PLYM	F	0.08%
NTST	D	0.08%
AHH	D	0.08%
BDN	C	0.08%
PGRE	F	0.08%
INN	D	0.07%
GOOD	B	0.07%
WSR	A	0.07%
BFS	C	0.06%
FPI	B	0.06%
OLP	B	0.05%
ALX	D	0.05%
GMRE	F	0.05%
HPP	F	0.05%
UHT	D	0.05%
CBL	A	0.04%
LAND	F	0.04%
CLDT	B	0.04%
CHCT	C	0.04%
SVC	F	0.04%
DHC	F	0.03%
PKST	D	0.03%

BBRE Underweight 126 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.09%
DTM	B	-2.06%
SEIC	B	-1.89%
ORI	A	-1.76%
IDA	A	-1.65%
INGR	B	-1.65%
OGE	B	-1.59%
POST	C	-1.56%
RLI	B	-1.42%
MSGS	A	-1.4%
DCI	B	-1.33%
CACI	D	-1.29%
FHI	A	-1.26%
NJR	A	-1.24%
AM	A	-1.21%
NFG	A	-1.18%
FLO	D	-1.17%
CHE	D	-1.16%
NWE	B	-1.13%
AFG	A	-1.08%
POR	C	-1.07%
GGG	B	-1.06%
GNTX	C	-0.99%
NYT	C	-0.95%
BKH	A	-0.9%
EHC	B	-0.9%
MMS	F	-0.89%
DLB	B	-0.85%
CBSH	A	-0.83%
MSA	D	-0.8%
PRI	A	-0.78%
IDCC	A	-0.77%
AVA	A	-0.76%
LSTR	D	-0.76%
PBH	A	-0.76%
EFC	C	-0.76%
KBR	F	-0.75%
LOPE	B	-0.74%
ENSG	D	-0.73%
AWR	B	-0.72%
OGS	A	-0.72%
SF	B	-0.72%
RPM	A	-0.68%
SLGN	A	-0.68%
RNR	C	-0.67%
CPK	A	-0.67%
CW	B	-0.67%
RGA	A	-0.67%
AGO	B	-0.67%
ESNT	D	-0.67%
JHG	A	-0.66%
MDU	D	-0.64%
AMG	B	-0.63%
SCI	B	-0.62%
PRGS	A	-0.58%
ACM	A	-0.57%
FELE	B	-0.56%
GATX	A	-0.56%
CHH	A	-0.56%
MTG	C	-0.55%
COLM	B	-0.55%
NMIH	D	-0.55%
RS	B	-0.54%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	D	-0.51%
FNF	B	-0.51%
EPC	D	-0.49%
AVT	C	-0.49%
FCN	D	-0.49%
BWXT	B	-0.48%
MUSA	A	-0.47%
LANC	C	-0.46%
JEF	A	-0.46%
PFGC	B	-0.45%
CHDN	B	-0.45%
ARW	D	-0.45%
PB	A	-0.45%
CNO	A	-0.44%
MSM	C	-0.44%
LAMR	D	-0.43%
ENR	B	-0.43%
RYN	D	-0.42%
BLKB	B	-0.41%
RDN	C	-0.4%
FAF	A	-0.4%
FNB	A	-0.38%
ITT	A	-0.38%
CLH	B	-0.38%
EXEL	B	-0.38%
ASH	D	-0.36%
GPK	C	-0.36%
ABM	B	-0.36%
BJ	A	-0.36%
COOP	B	-0.35%
G	B	-0.35%
IOSP	B	-0.35%
SAIC	F	-0.35%
RGLD	C	-0.34%
EVR	B	-0.34%
LECO	B	-0.34%
JAZZ	B	-0.33%
CSL	C	-0.33%
MAN	D	-0.32%
KEX	C	-0.31%
AGCO	D	-0.31%
JJSF	B	-0.31%
ONB	B	-0.31%
R	B	-0.3%
KFY	B	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
OSK	B	-0.28%
ORA	B	-0.27%
PLXS	B	-0.27%
CASY	A	-0.26%
LII	A	-0.26%
HRB	D	-0.26%
FSS	B	-0.24%
LFUS	F	-0.24%
AIN	C	-0.24%
HXL	D	-0.22%
CRI	D	-0.21%
PCH	D	-0.19%