DRSK vs. MFLX ETF Comparison

Comparison of Aptus Defined Risk ETF (DRSK) to First Trust Flexible Municipal High Income ETF (MFLX)

DRSK

Aptus Defined Risk ETF

DRSK Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective through a hybrid fixed income and equity strategy. It typically invests approximately 90% to 95% of its assets to obtain exposure to investment-grade corporate bonds (the "Fixed Income Strategy") and invests the remainder of its assets to obtain exposure to large capitalization U.S. stocks, while limiting downside risk (the "Equity Strategy").

Grade (RS Rating)

Last Trade

$27.62

Average Daily Volume

282,945

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

MFLX

First Trust Flexible Municipal High Income ETF

MFLX Description

MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEFs fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.

Grade (RS Rating)

Last Trade

$17.25

Average Daily Volume

2,750

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

Performance

Period	DRSK	MFLX
30 Days	-0.97%	0.82%
60 Days	-2.36%	-0.92%
90 Days	-1.21%	0.22%
12 Months	16.77%	9.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in DRSK	Weight in MFLX	Overlap

DRSK Overweight 13 Positions Relative to MFLX

	Symbol	Grade	Weight
	IBDT	D	9.5%
	IBDW	C	9.34%
	IBDS	D	8.53%
	IBDU	D	8.31%
	BSCW	C	6.88%
	IBDX	D	6.88%
	IBDV	C	6.39%
	BSCU	D	6.27%
	BSCV	D	5.9%
	BSCT	D	4.5%
	BSCQ	C	4.01%
	BSCP	A	3.97%
	BSCS	C	2.89%

DRSK Underweight 16 Positions Relative to MFLX

	Symbol	Grade	Weight
	NEA	C	-1.1%
	NVG	C	-0.8%
	BLE	D	-0.75%
	MMU	C	-0.73%
	BFK	C	-0.63%
	NZF	C	-0.55%
	VGM	D	-0.52%
	NAD	B	-0.51%
	IQI	D	-0.49%
	MYI	D	-0.48%
	EVN	D	-0.36%
	MQT	D	-0.31%
	MQY	D	-0.25%
	BYM	C	-0.24%
	VKQ	D	-0.24%
	MHD	C	-0.22%

DRSK: Top Represented Industries & Keywords

Industries:

Keywords: Bond Exchange Traded Fund Bond Market Bond Fund Corporate Bond Bloomberg Barclays Us Aggregate Bond Index ETF Bond Market Indices Barclays Exchange Traded Funds Merrill Lynch Nasdaq Composite Index Asset And Liability Management Blackrock Bloomberg L.P. Index Fund Index Services Invesco Ishares Merrill Lynch Domestic Master

MFLX: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Blackrock Closed End Fund Bond Income Trust Municipal Bond Nuveen Pollution Pollution Control Tiaa Black Rock Invesco Bond Market Dividend Invesco Perpetual Alternative Minimum Tax Cogeneration Discretionary Investment Advisory Services