DEEP vs. EMLP ETF Comparison

Comparison of Roundhill Acquirers Deep Value ETF (DEEP) to First Trust North American Energy Infrastructure Fund (EMLP)

DEEP

Roundhill Acquirers Deep Value ETF

DEEP Description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the “index”). The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 20 of the most undervalued, fundamentally strong stocks drawn from the largest 500 stocks listed in the United States meeting certain liquidity thresholds. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.06

Average Daily Volume

3,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.78

Average Daily Volume

162,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DEEP	EMLP
30 Days	6.32%	9.99%
60 Days	3.84%	12.10%
90 Days	2.37%	16.42%
12 Months	13.43%	42.23%

1 Overlapping Holdings

	Symbol	Grade	Weight in DEEP	Weight in EMLP	Overlap
	WLKP	A	0.99%	0.76%	0.76%

DEEP Overweight 95 Positions Relative to EMLP

Symbol	Grade	Weight
SMLR	B	1.87%
IGIC	B	1.29%
BMRC	B	1.25%
PGC	C	1.25%
ARCH	B	1.24%
RYI	C	1.21%
HSII	B	1.18%
METC	C	1.18%
PRDO	B	1.16%
NATR	C	1.15%
HCKT	B	1.14%
MCFT	B	1.13%
PFBC	B	1.13%
BSIG	A	1.13%
RCMT	C	1.13%
NRP	B	1.12%
TTEC	F	1.12%
BBW	B	1.11%
BHLB	B	1.1%
GPRK	C	1.1%
VSTO	A	1.1%
VBTX	B	1.1%
BXC	B	1.09%
PLPC	B	1.09%
BKE	B	1.09%
DXLG	F	1.08%
HELE	C	1.08%
AMCX	C	1.07%
HLF	C	1.07%
EPM	A	1.06%
INMD	C	1.06%
NX	C	1.06%
UPBD	B	1.05%
DMLP	A	1.05%
PLAB	C	1.04%
DAC	B	1.04%
MBUU	C	1.03%
XPEL	C	1.03%
HTBK	A	1.03%
DHIL	A	1.03%
SBH	C	1.02%
AMPY	C	1.02%
UAN	B	1.02%
ITRN	B	1.02%
WGO	C	1.02%
WINA	B	1.02%
OFLX	D	1.02%
LPRO	C	1.01%
DHT	F	0.99%
NUS	D	0.99%
UTMD	F	0.98%
IMKTA	C	0.98%
USNA	C	0.98%
SMP	B	0.98%
WTI	F	0.97%
INVA	D	0.97%
WNC	C	0.97%
MED	F	0.97%
MOV	C	0.97%
NVEC	C	0.96%
GIII	D	0.96%
SD	D	0.95%
SWBI	C	0.95%
TH	C	0.94%
KFRC	D	0.93%
IIIN	C	0.92%
WRLD	C	0.92%
FF	D	0.92%
PARR	D	0.92%
RGR	F	0.91%
IRWD	F	0.9%
ETD	C	0.9%
LESL	C	0.9%
RMAX	C	0.89%
LEGH	D	0.89%
RMR	F	0.88%
JOUT	D	0.87%
DFIN	D	0.87%
NRC	F	0.86%
ODP	F	0.85%
JBSS	D	0.85%
RGP	F	0.84%
HZO	D	0.83%
GIC	D	0.82%
HVT	D	0.79%
MYE	F	0.79%
CRCT	F	0.78%
LPG	F	0.78%
HOV	D	0.77%
CLFD	D	0.74%
SIGA	F	0.72%
HDSN	F	0.72%
ASC	F	0.67%
CCRN	F	0.66%
AMN	F	0.52%

DEEP Underweight 50 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.77%
ET	A	-7.17%
OKE	A	-5.41%
KMI	A	-4.87%
DTM	B	-4.56%
PAGP	A	-4.53%
SRE	A	-4.15%
MPLX	A	-3.98%
TRGP	B	-3.47%
NFG	A	-2.89%
WMB	A	-2.46%
PPL	B	-2.43%
PEG	A	-2.29%
AEP	D	-2.27%
PWR	A	-2.24%
ATO	A	-1.61%
LNG	B	-1.6%
AES	F	-1.46%
LNT	A	-1.43%
VST	B	-1.34%
ETR	B	-1.28%
SUN	B	-1.24%
DTE	C	-1.22%
XEL	A	-1.15%
FLR	B	-1.14%
CQP	B	-1.05%
OGS	A	-1.02%
WEC	A	-1.01%
CMS	C	-0.97%
EVRG	A	-0.82%
CNP	B	-0.81%
D	C	-0.76%
DUK	C	-0.69%
HESM	B	-0.62%
NEP	F	-0.58%
AROC	B	-0.57%
IDA	A	-0.52%
CWEN	C	-0.52%
WTRG	B	-0.51%
NEE	D	-0.46%
SO	D	-0.45%
NJR	A	-0.44%
AEE	A	-0.28%
CEG	D	-0.26%
CPK	A	-0.24%
USAC	B	-0.11%
EXC	C	-0.09%
UGI	A	-0.08%
AWK	D	-0.05%
ENLC	A	-0.0%