CVAR vs. FVD ETF Comparison

Comparison of Cultivar ETF (CVAR) to First Trust VL Dividend (FVD)

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

504

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend 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 equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	CVAR	FVD
30 Days	1.25%	1.87%
60 Days	2.07%	2.34%
90 Days	5.42%	4.86%
12 Months	20.08%	22.35%

19 Overlapping Holdings

Symbol	Grade	Weight in CVAR	Weight in FVD	Overlap
ABT	B	1.14%	0.46%	0.46%
BMY	B	0.63%	0.52%	0.52%
CLX	B	1.1%	0.48%	0.48%
CMCSA	B	0.8%	0.5%	0.5%
CTSH	B	0.5%	0.49%	0.49%
ES	D	1.26%	0.43%	0.43%
G	B	0.77%	0.54%	0.54%
HRL	D	1.19%	0.45%	0.45%
JNJ	D	1.28%	0.43%	0.43%
KMB	D	1.07%	0.42%	0.42%
MDT	D	1.39%	0.44%	0.44%
MKC	D	1.61%	0.45%	0.45%
MMM	D	0.49%	0.46%	0.46%
NKE	D	1.49%	0.43%	0.43%
NWN	A	2.06%	0.47%	0.47%
OGS	A	0.6%	0.47%	0.47%
PFE	D	0.44%	0.42%	0.42%
POR	C	1.02%	0.44%	0.44%
SJM	D	0.89%	0.43%	0.43%

CVAR Overweight 57 Positions Relative to FVD

Symbol	Grade	Weight
NEM	D	4.18%
MKTX	D	4.15%
CLB	B	3.05%
PRLB	A	3.02%
HCSG	C	2.77%
LUV	C	2.58%
PAYC	B	1.72%
GPN	B	1.71%
VEEV	C	1.69%
QRVO	F	1.53%
INTC	D	1.49%
HUM	C	1.34%
ARE	D	1.27%
TSN	B	1.27%
FMS	A	1.14%
WU	D	1.13%
DEI	B	1.11%
C	A	1.09%
EW	C	1.09%
GOLD	D	1.08%
ZTS	D	1.04%
PRGO	B	1.03%
WKC	D	1.03%
HAS	D	1.0%
DG	F	0.94%
SW	A	0.94%
ANSS	B	0.92%
CVS	D	0.92%
BABA	D	0.92%
SWKS	F	0.88%
INDB	B	0.86%
AAP	C	0.8%
FMC	D	0.78%
TFC	A	0.77%
CGNX	C	0.75%
BP	D	0.7%
KRC	C	0.67%
PYPL	B	0.63%
WHR	B	0.62%
MNRO	D	0.59%
INGN	C	0.56%
MCHP	D	0.55%
ZBH	C	0.55%
ESRT	C	0.55%
ADSK	A	0.54%
LTC	B	0.53%
JBT	B	0.51%
BIIB	F	0.5%
PARA	C	0.5%
SQM	F	0.49%
ILMN	D	0.48%
SCS	C	0.47%
PDM	D	0.45%
RDUS	C	0.43%
CCI	D	0.43%
CMP	C	0.39%
WBD	C	0.19%

CVAR Underweight 182 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
EMR	A	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
DTM	B	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
AIZ	A	-0.52%
INGR	B	-0.52%
MS	A	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
MO	A	-0.52%
XEL	A	-0.51%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	B	-0.51%
IEX	B	-0.51%
SNA	A	-0.51%
JCI	C	-0.51%
SRE	A	-0.5%
NSC	B	-0.5%
GILD	C	-0.5%
WSO	A	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
CVX	A	-0.5%
UVV	B	-0.5%
PKG	A	-0.5%
WERN	C	-0.5%
PM	B	-0.5%
WTW	B	-0.5%
WDFC	B	-0.5%
JPM	A	-0.5%
ITW	B	-0.49%
BLK	C	-0.49%
WM	A	-0.49%
CPK	A	-0.49%
KR	B	-0.49%
NEU	C	-0.49%
SLGN	A	-0.49%
NDAQ	A	-0.49%
TROW	B	-0.49%
TXN	C	-0.49%
FAST	B	-0.49%
CSX	B	-0.49%
THG	A	-0.49%
DGX	A	-0.49%
BK	A	-0.48%
OTTR	C	-0.48%
DCI	B	-0.48%
CSCO	B	-0.48%
CHRW	C	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
T	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
PAYX	C	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
TJX	A	-0.48%
MSM	C	-0.48%
LECO	B	-0.48%
UNH	C	-0.48%
ADP	B	-0.48%
PNW	B	-0.48%
BR	A	-0.48%
HON	B	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
XOM	B	-0.47%
EXPD	D	-0.47%
UPS	C	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
PPL	B	-0.47%
ATO	A	-0.47%
ALL	A	-0.47%
MSEX	B	-0.47%
AEE	A	-0.47%
TGT	F	-0.47%
YUM	B	-0.47%
EQIX	A	-0.47%
SIGI	C	-0.47%
UNP	C	-0.46%
CNI	D	-0.46%
INFY	B	-0.46%
CME	A	-0.46%
DLB	B	-0.46%
PG	A	-0.46%
AWR	B	-0.46%
TRV	B	-0.46%
NWE	B	-0.46%
CAT	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
K	A	-0.46%
MMC	B	-0.46%
HD	A	-0.46%
TD	F	-0.46%
PSA	D	-0.46%
JJSF	B	-0.46%
LHX	C	-0.46%
SNX	C	-0.45%
PPG	F	-0.45%
TAK	F	-0.45%
SON	D	-0.45%
ACN	C	-0.45%
CB	C	-0.45%
PEG	A	-0.45%
NFG	A	-0.45%
WEC	A	-0.45%
HSY	F	-0.45%
FLO	D	-0.45%
LNT	A	-0.45%
DE	A	-0.45%
EIX	B	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
LOW	D	-0.45%
JNPR	F	-0.45%
SO	D	-0.44%
AWK	D	-0.44%
AEP	D	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CPB	D	-0.44%
CWT	D	-0.44%
GIS	D	-0.44%
EXC	C	-0.44%
PEP	F	-0.44%
BDX	F	-0.44%
RTX	C	-0.44%
NOC	D	-0.44%
OTIS	C	-0.44%
BAH	F	-0.44%
CMS	C	-0.44%
WTRG	B	-0.44%
MCD	D	-0.44%
GD	F	-0.44%
DOX	D	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
DUK	C	-0.43%
MRK	F	-0.43%
REYN	D	-0.43%
AVY	D	-0.43%
AOS	F	-0.43%
CAG	D	-0.43%
RIO	D	-0.43%
MDLZ	F	-0.43%
DTE	C	-0.43%
TSM	B	-0.43%
AMGN	D	-0.43%
VZ	C	-0.43%
NVS	D	-0.42%
KHC	F	-0.42%
ED	D	-0.42%
KO	D	-0.42%
GSK	F	-0.42%
IBM	C	-0.42%
KDP	D	-0.42%
SJW	D	-0.42%
ABBV	D	-0.42%
DEO	F	-0.41%
LMT	D	-0.41%
SNY	F	-0.41%
BAX	D	-0.4%
AZN	D	-0.39%
HMC	F	-0.39%
HII	D	-0.35%