FCEF vs. WBIL ETF Comparison

Comparison of First Trust CEF Income Opportunity ETF (FCEF) to WBI Large Cap Tactical Select Shares (WBIL)
FCEF

First Trust CEF Income Opportunity ETF

FCEF Description

The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.

Grade (RS Rating)

Last Trade

$22.27

Average Daily Volume

7,538

Number of Holdings *

44

* may have additional holdings in another (foreign) market
WBIL

WBI Large Cap Tactical Select Shares

WBIL Description The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$34.06

Average Daily Volume

931

Number of Holdings *

26

* may have additional holdings in another (foreign) market
Performance
Period FCEF WBIL
30 Days 2.36% -1.16%
60 Days 5.59% 4.56%
90 Days 6.79% 1.76%
12 Months 31.10% 20.22%
0 Overlapping Holdings
Symbol Grade Weight in FCEF Weight in WBIL Overlap
FCEF Overweight 44 Positions Relative to WBIL
Symbol Grade Weight
ETG A 4.06%
THQ A 3.49%
HQH C 3.45%
HTD A 3.34%
ETO B 3.29%
ASGI A 3.28%
SOR C 3.24%
EVT A 3.23%
VRIG A 3.17%
GDV B 2.97%
JQC C 2.67%
RNP C 2.54%
TY A 2.52%
UTF A 2.52%
JPC C 2.44%
NPFD A 2.2%
BGB A 2.2%
BCAT A 2.19%
PDO A 2.09%
GAM B 1.9%
CET B 1.88%
UTG A 1.85%
JFR A 1.62%
JRI C 1.53%
EVG A 1.47%
PEO A 1.39%
ARDC A 1.25%
PDX A 1.23%
RA A 1.0%
CII C 1.0%
QQQX A 0.99%
AIO A 0.96%
BUI C 0.78%
BCX A 0.75%
BIT A 0.75%
HIO A 0.73%
KYN A 0.72%
NBB C 0.72%
TPZ A 0.51%
BME B 0.5%
RMT C 0.5%
JLS A 0.49%
HQL D 0.48%
DLY B 0.24%
FCEF Underweight 26 Positions Relative to WBIL
Symbol Grade Weight
BX C -5.04%
ADP A -5.01%
PGR C -4.84%
LII C -4.72%
WRB B -4.66%
ALNY C -4.64%
MSI A -4.59%
MELI C -4.57%
TMUS A -4.49%
CI D -4.37%
SHW B -4.16%
CDW D -4.07%
ZTS C -3.97%
PANW D -3.96%
AAPL C -3.93%
BDX B -3.88%
DECK B -3.85%
PEP D -3.81%
INTU F -3.77%
ADBE F -3.59%
THG C -3.55%
QCOM D -3.16%
LRCX D -2.82%
ACGL A -1.87%
YUMC B -1.06%
DHI C -0.89%
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