FIW vs. ADPV ETF Comparison

Comparison of First Trust ISE Water Index Fund (FIW) to Adaptiv Select ETF (ADPV)

FIW

First Trust ISE Water Index Fund

FIW 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 ISE Water Index(TM). 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 index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$98.84

Average Daily Volume

41,584

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.59

Average Daily Volume

11,259

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FIW	ADPV
30 Days	-3.08%	0.57%
60 Days	-4.62%	1.35%
90 Days	-2.18%	1.05%
12 Months	14.45%	26.39%

1 Overlapping Holdings

	Symbol	Grade	Weight in FIW	Weight in ADPV	Overlap
	CNM	D	3.0%	5.08%	3.0%

FIW Overweight 32 Positions Relative to ADPV

Symbol	Grade	Weight
VLTO	D	4.39%
AWK	B	4.24%
XYL	D	4.18%
ECL	B	4.14%
ROP	B	4.01%
A	D	3.7%
WTRG	C	3.66%
TTEK	D	3.54%
ACM	D	3.41%
WMS	D	3.37%
AOS	D	3.37%
IDXX	D	3.34%
PNR	D	3.33%
IEX	D	3.3%
WAT	D	3.3%
MLI	C	3.21%
PRMW	C	2.66%
WTS	D	2.63%
VMI	C	2.52%
BMI	C	2.28%
FLS	D	2.2%
ITRI	C	2.09%
CWT	C	2.05%
AWR	D	1.96%
FELE	D	1.8%
ZWS	D	1.79%
HWKN	B	1.53%
MWA	C	1.38%
MEG	D	1.35%
LNN	D	1.32%
SJW	D	1.18%
SBS	C	1.04%

FIW Underweight 9 Positions Relative to ADPV

Symbol	Grade	Weight
VST	C	-7.97%
VRT	C	-6.82%
APP	B	-5.84%
NRG	D	-5.06%
KD	C	-4.86%
HOOD	B	-4.32%
NTNX	C	-4.15%
KEY	C	-3.9%
OWL	D	-3.82%