FDM vs. IPPP ETF Comparison

Comparison of First Trust DJ Select MicroCap ETF (FDM) to Preferred-Plus ETF (IPPP)

FDM

First Trust DJ Select MicroCap ETF

FDM 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 Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

7,922

Number of Holdings ^*

152

* may have additional holdings in another (foreign) market

IPPP

Preferred-Plus ETF

IPPP Description

The investment seeks to provide income. The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships (“PTPs”). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.

Grade (RS Rating)

Last Trade

$9.92

Average Daily Volume

465

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDM	IPPP
30 Days	-3.06%	0.81%
60 Days	-1.93%	2.19%
90 Days	-2.26%	2.60%
12 Months	6.87%	14.26%

0 Overlapping Holdings

	Symbol	Grade	Weight in FDM	Weight in IPPP	Overlap

FDM Overweight 152 Positions Relative to IPPP

Symbol	Grade	Weight
POWL	D	2.34%
VSEC	B	2.3%
CRGY	B	2.05%
CRAI	C	2.02%
SCSC	D	1.79%
ACMR	D	1.75%
GNK	C	1.51%
BBSI	B	1.46%
CLW	D	1.37%
CGEM	D	1.33%
SXC	C	1.33%
DCO	B	1.29%
CECO	B	1.28%
HAYN	C	1.24%
VVI	D	1.2%
IDT	C	1.18%
ARHS	C	1.16%
REX	D	1.13%
EGY	B	1.12%
UWMC	C	1.1%
MLR	D	1.07%
UVSP	B	1.06%
BELFB	B	1.05%
WSR	B	1.04%
DXPE	D	1.0%
LEU	F	0.99%
CFB	B	0.97%
LMB	B	0.97%
OSBC	B	0.95%
MBWM	B	0.93%
AMBC	F	0.93%
HCKT	D	0.9%
KE	F	0.89%
EZPW	D	0.88%
PLOW	F	0.87%
IBCP	B	0.86%
MYE	F	0.85%
GATO	D	0.82%
BFST	C	0.81%
HTBK	B	0.81%
CCB	B	0.79%
AMAL	B	0.76%
GSBC	B	0.76%
OSG	A	0.75%
LQDT	B	0.74%
HTBI	B	0.73%
BRY	D	0.72%
ZEUS	F	0.72%
SD	D	0.68%
LYTS	D	0.67%
TTI	D	0.67%
SMBC	B	0.66%
NPK	D	0.65%
DHIL	D	0.65%
CWCO	F	0.63%
BHB	C	0.63%
VPG	F	0.62%
KODK	C	0.62%
CENT	F	0.62%
RICK	F	0.62%
THFF	C	0.62%
NBN	B	0.61%
CYH	D	0.61%
CSV	B	0.61%
OLP	B	0.61%
PAHC	C	0.6%
AVNW	F	0.6%
DENN	F	0.6%
FSBC	B	0.59%
KRNY	C	0.59%
CCBG	C	0.59%
GLRE	D	0.58%
ARTNA	D	0.57%
HDSN	F	0.57%
VYGR	F	0.56%
RMR	D	0.55%
NWPX	D	0.55%
TITN	F	0.54%
HVT	F	0.54%
ODC	F	0.54%
BBW	F	0.53%
OSUR	F	0.52%
LINC	B	0.52%
NRIM	B	0.51%
SPFI	C	0.51%
GNE	D	0.51%
MOFG	B	0.5%
SPOK	C	0.49%
BOOM	C	0.48%
LOCO	C	0.48%
NEWT	C	0.48%
SIGA	D	0.48%
ESQ	D	0.48%
ONEW	C	0.48%
MCFT	F	0.47%
BSRR	A	0.45%
PANL	B	0.45%
NECB	A	0.41%
HBT	B	0.41%
SOI	D	0.41%
AMPY	B	0.4%
RM	C	0.4%
FSBW	B	0.39%
OMER	C	0.38%
AVD	F	0.38%
JOUT	F	0.38%
INSE	C	0.38%
MVBF	F	0.36%
IPI	D	0.36%
CVLY	B	0.34%
TSBK	C	0.34%
WTI	D	0.34%
OBT	B	0.33%
BCML	D	0.33%
PKOH	D	0.33%
HNRG	C	0.33%
FET	F	0.32%
PBPB	D	0.32%
RLGT	C	0.31%
GENC	C	0.31%
AFCG	B	0.31%
NATH	B	0.31%
MEC	B	0.3%
QUAD	B	0.29%
CMPO	B	0.27%
PLBC	D	0.27%
OVLY	F	0.26%
KFS	D	0.26%
EPM	F	0.26%
LEGH	C	0.26%
FF	C	0.23%
RNGR	C	0.23%
ATLC	C	0.21%
MPX	F	0.2%
CMT	F	0.2%
TSQ	D	0.2%
EVC	F	0.2%
INTT	D	0.19%
ASRT	C	0.19%
STKS	D	0.18%
MNSB	C	0.18%
RCMT	F	0.17%
CCRD	D	0.16%
LSEA	F	0.16%
III	D	0.15%
KLXE	F	0.12%
HGBL	C	0.12%
TUSK	F	0.12%
REI	D	0.11%
BGFV	F	0.11%
TZOO	F	0.08%
CMBM	F	0.06%

FDM Underweight 16 Positions Relative to IPPP

Symbol	Grade	Weight
AGNC	A	-1.44%
AQNB	A	-1.31%
WTFCP	B	-1.29%
ESGRP	B	-1.28%
UZE	B	-1.28%
SREA	C	-1.19%
NRUC	C	-1.05%
CHSCL	A	-1.02%
T	B	-0.97%
UNMA	A	-0.65%
CMSD	B	-0.62%
RZB	A	-0.61%
PRS	A	-0.6%
TBC	B	-0.6%
SOJD	B	-0.57%
FITBI	A	-0.39%

IPPP: Top Represented Industries & Keywords

Industries: Other Banks - Regional Banks - Regional - US Farm Products Insurance - Diversified REIT - Residential Telecom Services