FEPI vs. MMLG ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to First Trust Multi-Manager Large Growth ETF (MMLG)

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$51.31

Average Daily Volume

162,683

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.49

Average Daily Volume

17,873

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	MMLG
30 Days	6.16%	6.20%
60 Days	12.94%	14.10%
90 Days	-2.29%	-1.62%
12 Months		41.04%

11 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in MMLG	Overlap
AAPL	C	6.91%	4.52%	4.52%
ADBE	F	6.52%	0.64%	0.64%
AMZN	C	6.59%	6.51%	6.51%
AVGO	B	7.0%	2.17%	2.17%
CRM	B	7.05%	0.68%	0.68%
GOOGL	B	6.75%	2.81%	2.81%
META	A	6.98%	4.86%	4.86%
MSFT	D	6.45%	8.07%	6.45%
NFLX	A	6.6%	2.32%	2.32%
NVDA	B	6.9%	9.52%	6.9%
TSLA	C	7.47%	0.4%	0.4%

FEPI Overweight 4 Positions Relative to MMLG

Symbol	Grade	Weight
MU	D	7.96%
INTC	D	7.29%
AMD	C	7.18%
QCOM	D	6.66%

FEPI Underweight 64 Positions Relative to MMLG

Symbol	Grade	Weight
NOW	B	-4.03%
SHOP	B	-2.2%
ASML	F	-1.99%
DDOG	B	-1.9%
LLY	D	-1.89%
SE	B	-1.83%
NU	D	-1.79%
UBER	C	-1.53%
TEAM	D	-1.52%
MA	A	-1.45%
SQ	D	-1.43%
IOT	C	-1.41%
ENTG	D	-1.37%
DXCM	F	-1.25%
RARE	D	-1.19%
SPOT	C	-1.18%
EW	F	-1.14%
OKTA	F	-1.11%
DASH	A	-1.1%
ICE	A	-1.07%
V	B	-1.04%
MRK	F	-0.95%
FND	C	-0.92%
CMG	C	-0.77%
LRCX	D	-0.77%
KLAC	B	-0.74%
UNH	B	-0.73%
RBLX	D	-0.73%
APH	D	-0.67%
ACN	B	-0.64%
ORLY	A	-0.63%
MSI	A	-0.62%
TJX	D	-0.62%
SNOW	F	-0.61%
TXN	C	-0.6%
INTU	F	-0.57%
SHW	C	-0.56%
GOOG	B	-0.54%
EL	D	-0.5%
NET	D	-0.5%
CDW	D	-0.48%
RSG	D	-0.48%
DE	C	-0.48%
AXP	A	-0.46%
LYV	A	-0.44%
TMO	D	-0.44%
NKE	D	-0.43%
STZ	D	-0.43%
ACGL	A	-0.42%
WDAY	D	-0.42%
IR	A	-0.42%
BSX	A	-0.41%
CB	A	-0.38%
RTX	A	-0.37%
CDNS	D	-0.35%
MNST	D	-0.34%
KKR	A	-0.34%
EQIX	C	-0.33%
ABNB	D	-0.33%
ABT	C	-0.31%
ROP	D	-0.31%
VEEV	C	-0.29%
VST	A	-0.25%
FANG	D	-0.18%