BOUT vs. FIW ETF Comparison

Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to First Trust ISE Water Index Fund (FIW)

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$36.31

Average Daily Volume

1,208

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

FIW

First Trust ISE Water Index Fund

FIW 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 ISE Water Index(TM). 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 index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$108.37

Average Daily Volume

38,182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOUT	FIW
30 Days	-0.91%	0.85%
60 Days	5.16%	3.31%
90 Days	3.69%	9.93%
12 Months	22.01%	33.54%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOUT	Weight in FIW	Overlap
	MWA	B	2.28%	1.96%	1.96%

BOUT Overweight 125 Positions Relative to FIW

Symbol	Grade	Weight
FFTY	C	8.0%
MELI	C	2.45%
KLAC	D	2.39%
VIK	B	2.36%
SPGI	C	2.36%
PACS	C	2.36%
QRVO	F	2.35%
AHR	C	2.34%
NXPI	F	2.33%
NVS	D	2.33%
IDCC	A	2.33%
CHKP	C	2.33%
PGR	C	2.32%
NEM	C	2.29%
SWI	C	2.24%
MS	B	2.06%
GS	D	2.05%
MPWR	C	2.03%
OLED	C	2.02%
AXP	A	2.01%
AX	D	2.01%
PPC	A	1.99%
ISRG	C	1.99%
FANG	F	1.99%
MOD	C	1.98%
MMM	B	1.97%
KNTK	C	1.97%
ADBE	F	1.97%
PSN	A	1.95%
IOT	C	1.91%
ALNY	B	1.35%
RSG	D	1.34%
ROST	C	1.34%
NMIH	C	1.34%
AEM	C	1.33%
GOOGL	C	1.32%
WFRD	F	1.31%
HLNE	A	1.31%
EHC	B	1.31%
ATGE	C	1.31%
PANW	D	1.3%
NVO	F	1.3%
MANH	C	1.3%
AAON	B	1.28%
NOW	C	1.23%
NBIX	F	0.69%
ANF	D	0.69%
PSTG	F	0.68%
HALO	D	0.68%
BKNG	C	0.68%
PLTR	C	0.67%
INTU	F	0.67%
DSGX	C	0.67%
VNOM	B	0.66%
NFLX	C	0.66%
MPLX	A	0.66%
GMED	D	0.66%
CYBR	C	0.66%
AROC	C	0.66%
VRNS	C	0.63%
MMYT	D	0.33%
AMSC	D	0.33%
ELF	F	0.32%
CLS	C	0.32%
SRPT	F	0.31%
PINS	D	0.31%
IBKR	A	0.31%
HESM	D	0.31%
GRMN	D	0.31%
FN	C	0.31%
CRWD	D	0.31%
ARM	C	0.31%
ARIS	C	0.31%
ALKT	D	0.31%
DDOG	D	0.3%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%
FFTY	C	0.0%

BOUT Underweight 32 Positions Relative to FIW

Symbol	Grade	Weight
IDXX	D	-4.19%
IEX	D	-4.1%
AWK	C	-4.03%
ECL	A	-4.0%
ROP	C	-3.96%
A	B	-3.95%
WAT	B	-3.95%
VLTO	C	-3.94%
XYL	B	-3.85%
PNR	A	-3.79%
ACM	B	-3.56%
TTEK	B	-3.45%
WMS	D	-3.4%
WTRG	D	-3.39%
BMI	A	-3.16%
AOS	B	-3.06%
MLI	B	-2.93%
CNM	F	-2.75%
PRMW	C	-2.29%
ZWS	A	-2.13%
WTS	B	-2.09%
ITRI	C	-2.08%
AWR	B	-2.02%
VMI	B	-2.0%
FELE	B	-1.97%
CWT	D	-1.91%
MSEX	C	-1.27%
SBS	D	-1.26%
LNN	B	-1.24%
SJW	D	-1.22%
HWKN	A	-1.17%
MEG	F	-1.06%