FDL vs. IFRA ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to iShares U.S. Infrastructure ETF (IFRA)

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders Index(SM). 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 objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.66

Average Daily Volume

363,650

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.71

Average Daily Volume

312,633

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	FDL	IFRA
30 Days	4.68%	10.16%
60 Days	5.38%	11.20%
90 Days	7.17%	15.22%
12 Months	34.17%	40.46%

25 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in IFRA	Overlap
AEE	A	0.54%	0.72%	0.54%
AEP	D	1.21%	0.61%	0.61%
AGR	B	0.09%	0.65%	0.09%
ALE	A	0.12%	0.64%	0.12%
AVA	B	0.1%	0.64%	0.1%
BKH	B	0.13%	0.67%	0.13%
DUK	C	2.18%	0.62%	0.62%
EIX	A	0.83%	0.64%	0.64%
ES	D	0.64%	0.59%	0.59%
ETR	B	0.82%	0.79%	0.79%
EVRG	A	0.44%	0.68%	0.44%
EXC	D	1.04%	0.65%	0.65%
FE	D	0.57%	0.6%	0.57%
KMI	B	2.06%	0.86%	0.86%
LNT	A	0.35%	0.68%	0.35%
LYB	F	0.87%	0.42%	0.42%
NWE	A	0.11%	0.66%	0.11%
OGE	A	0.25%	0.7%	0.25%
OGS	A	0.1%	0.71%	0.1%
OKE	C	1.96%	0.81%	0.81%
PNW	B	0.29%	0.68%	0.29%
POR	C	0.14%	0.63%	0.14%
SR	A	0.13%	0.68%	0.13%
WEC	A	0.76%	0.68%	0.68%
XEL	A	0.93%	0.72%	0.72%

FDL Overweight 75 Positions Relative to IFRA

Symbol	Grade	Weight
CVX	B	9.22%
VZ	B	7.42%
ABBV	D	6.79%
PFE	D	5.94%
PM	B	5.87%
MO	A	4.96%
IBM	C	4.35%
UPS	C	3.49%
GILD	B	3.11%
USB	A	2.44%
CVS	D	2.33%
TFC	B	2.19%
PNC	A	2.12%
F	C	1.78%
PRU	A	1.46%
FANG	F	1.25%
DOW	F	1.23%
KMB	C	1.08%
KHC	D	0.91%
TROW	A	0.9%
FITB	B	0.78%
HBAN	B	0.78%
RF	B	0.75%
STT	A	0.67%
KEY	A	0.66%
CFG	B	0.64%
BBY	D	0.49%
CLX	C	0.43%
OMF	A	0.42%
K	A	0.42%
CAG	D	0.41%
FNF	B	0.37%
CMA	A	0.33%
WHR	B	0.33%
IPG	C	0.33%
CNH	A	0.32%
FHN	B	0.31%
SJM	D	0.31%
SWK	D	0.31%
BEN	C	0.28%
COLB	B	0.28%
LNC	B	0.26%
MTN	C	0.24%
HAS	D	0.24%
ZION	B	0.23%
UGI	A	0.22%
SNV	B	0.21%
WU	D	0.2%
FMC	D	0.19%
JHG	A	0.19%
APAM	B	0.17%
VLY	B	0.17%
FAF	B	0.16%
UBSI	B	0.16%
OZK	B	0.15%
NXST	C	0.15%
FIBK	B	0.14%
WEN	D	0.13%
TNL	A	0.13%
FLO	C	0.13%
CC	C	0.12%
NJR	A	0.12%
ASB	B	0.12%
PRGO	C	0.11%
PNM	F	0.11%
FHB	B	0.11%
MSM	C	0.11%
MAN	D	0.1%
CATY	B	0.09%
SMG	C	0.09%
FHI	A	0.09%
LCII	C	0.08%
CRI	F	0.06%
SIRI	C	0.05%
GEF	B	0.01%

FDL Underweight 124 Positions Relative to IFRA

Symbol	Grade	Weight
VST	B	-1.43%
USLM	B	-0.94%
CEG	D	-0.92%
DTM	B	-0.91%
KNTK	B	-0.89%
CENX	B	-0.89%
STRL	B	-0.87%
WMB	B	-0.85%
CMP	C	-0.84%
PRIM	A	-0.82%
AGX	B	-0.82%
ROAD	B	-0.81%
MYRG	C	-0.8%
NRG	C	-0.8%
LMB	B	-0.78%
FIX	A	-0.77%
MGEE	C	-0.76%
TXNM	A	-0.75%
CNP	A	-0.74%
ATO	A	-0.73%
IDA	B	-0.73%
SRE	A	-0.73%
PEG	A	-0.73%
NI	A	-0.72%
ENLC	B	-0.71%
EME	B	-0.71%
NWN	A	-0.7%
CPK	A	-0.7%
MTZ	B	-0.7%
AM	B	-0.7%
GBX	A	-0.69%
PPL	B	-0.69%
MTRX	B	-0.68%
SUM	B	-0.68%
MLI	C	-0.67%
MSEX	B	-0.67%
NSC	A	-0.67%
PCG	B	-0.67%
CSX	B	-0.67%
GLDD	B	-0.66%
NGVT	B	-0.66%
PWR	A	-0.66%
AWR	B	-0.66%
GVA	B	-0.66%
KNF	B	-0.65%
NWPX	B	-0.65%
D	C	-0.65%
RYI	C	-0.65%
CRS	B	-0.65%
UTL	B	-0.65%
TPC	C	-0.64%
DTE	C	-0.64%
WTRG	B	-0.64%
CMS	C	-0.64%
HEES	B	-0.63%
LXFR	B	-0.63%
APOG	B	-0.63%
SO	D	-0.63%
BXC	B	-0.63%
X	C	-0.62%
AWI	B	-0.62%
STLD	B	-0.62%
ED	D	-0.61%
UNP	C	-0.61%
VMI	A	-0.61%
AWK	D	-0.61%
HE	C	-0.61%
NEE	D	-0.61%
EXP	B	-0.61%
SJW	D	-0.6%
CWT	D	-0.6%
OC	B	-0.6%
ECVT	C	-0.59%
ARTNA	F	-0.59%
URI	B	-0.59%
YORW	D	-0.59%
LXU	C	-0.59%
LPX	B	-0.59%
FLR	B	-0.59%
AZEK	B	-0.58%
VMC	B	-0.58%
CMC	B	-0.58%
ASTE	C	-0.58%
KALU	C	-0.57%
ACM	A	-0.57%
TRN	B	-0.57%
RS	B	-0.56%
MLM	B	-0.56%
TREX	C	-0.55%
ASIX	A	-0.55%
BWMN	C	-0.55%
OSK	B	-0.54%
APG	B	-0.54%
BCC	B	-0.54%
SWX	B	-0.54%
NFE	D	-0.54%
CSL	B	-0.53%
HWKN	A	-0.53%
NUE	D	-0.52%
ZEUS	C	-0.52%
SSD	C	-0.51%
ROCK	C	-0.51%
TEX	D	-0.51%
AESI	B	-0.51%
XPEL	C	-0.51%
EMN	D	-0.51%
POOL	C	-0.51%
CLF	F	-0.5%
BLDR	C	-0.5%
KOP	C	-0.49%
MTUS	C	-0.48%
ATI	D	-0.48%
BLD	C	-0.48%
OLN	F	-0.48%
NVEE	F	-0.47%
J	F	-0.46%
WLK	D	-0.46%
IIIN	C	-0.46%
WMS	F	-0.44%
WOR	D	-0.44%
MDU	F	-0.37%
MATV	F	-0.34%
NVRI	F	-0.33%
TTEK	F	-0.09%