ECLN vs. FMCX ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to FMC Excelsior Focus Equity ETF (FMCX)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.46

Average Daily Volume

7,012

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.80

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	FMCX
30 Days	3.26%	0.15%
60 Days	5.20%	2.99%
90 Days	9.94%	6.20%
12 Months	30.93%	25.02%

0 Overlapping Holdings

	Symbol	Grade	Weight in ECLN	Weight in FMCX	Overlap

ECLN Overweight 40 Positions Relative to FMCX

Symbol	Grade	Weight
DTM	A	6.56%
TRGP	A	5.36%
SRE	A	4.29%
ATO	A	4.01%
XEL	A	3.71%
WMB	A	3.57%
PPL	A	3.52%
AEP	C	3.48%
WEC	A	3.27%
PEG	A	3.1%
LNT	A	2.88%
CQP	B	2.84%
CMS	C	2.83%
CWEN	C	2.63%
NFG	A	2.6%
DTE	C	2.43%
EVRG	A	2.37%
IDA	A	2.28%
PWR	A	2.21%
OGS	A	2.05%
AES	F	1.95%
LNG	A	1.95%
VST	A	1.84%
FLR	B	1.31%
ETR	A	1.18%
DUK	C	1.0%
CEG	C	0.96%
SO	C	0.95%
OGE	A	0.66%
NEP	F	0.65%
WTRG	B	0.64%
GNRC	B	0.6%
D	C	0.51%
CPK	A	0.46%
CNP	A	0.41%
AWK	C	0.35%
AEE	A	0.33%
J	D	0.23%
EIX	C	0.18%
NJR	A	0.18%

ECLN Underweight 52 Positions Relative to FMCX

Symbol	Grade	Weight
AAPL	C	-6.93%
UNH	B	-6.84%
KKR	B	-6.14%
IAC	D	-5.35%
AMZN	B	-5.01%
GDDY	A	-4.98%
MSFT	D	-4.79%
LBRDK	C	-4.24%
LSXMK	D	-4.22%
GGG	B	-3.98%
PYPL	B	-3.9%
MTCH	F	-3.18%
LSXMA	D	-1.79%
GOOGL	B	-1.77%
LBRDA	C	-1.74%
PG	C	-1.3%
PM	A	-1.21%
YUM	D	-1.18%
CMCSA	B	-1.13%
MCD	D	-1.12%
AMGN	D	-1.11%
KEYS	A	-1.06%
VUSB	A	-0.92%
ICSH	A	-0.92%
GILD	B	-0.87%
CL	D	-0.85%
MO	A	-0.84%
ENTG	F	-0.82%
ARWR	D	-0.72%
NKE	F	-0.68%
HON	B	-0.6%
DHR	D	-0.55%
GOOG	B	-0.5%
BAX	F	-0.47%
YUMC	B	-0.42%
MUSA	B	-0.4%
SPGI	D	-0.37%
MTX	C	-0.33%
KEX	A	-0.33%
EQR	C	-0.3%
JPM	B	-0.3%
MUR	D	-0.25%
V	A	-0.21%
FWONK	A	-0.21%
BKNG	A	-0.19%
FLWS	D	-0.15%
GD	D	-0.13%
BATRK	D	-0.11%
PNR	B	-0.1%
FWONA	A	-0.05%
VMEO	B	-0.03%
BATRA	F	-0.02%