FTHI vs. QLTY ETF Comparison

Comparison of First Trust High Income ETF (FTHI) to GMO U.S. Quality ETF (QLTY)

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.44

Average Daily Volume

195,032

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

QLTY

GMO U.S. Quality ETF

QLTY Description

QLTY seeks total return by investing in US companies deemed high quality. These companies are defined as having established businesses capable of delivering substantial returns on past investments, utilizing cash flows for high-return investments, or returning cash to shareholders through dividends or share buybacks. The investment strategy combines systematic factors like profitability and leverage, alongside judgmental factors such as assessments of future profitability and growth prospects. It may also use various valuation methodologies, including discounted cash flow analysis and multiples of price-to-earnings, revenues, book values, or other fundamental metrics, to acquire underrated stocks. Additionally, the fund may invest in other ETFs. The fund may also invest in the GMO U.S. Treasury Fund, and money market funds. Investment decisions are not constrained by portfolio turnover rates or benchmark considerations.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

257,208

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTHI	QLTY
30 Days	2.87%	0.18%
60 Days	5.35%	1.34%
90 Days	6.09%	3.63%
12 Months	19.29%	29.17%

22 Overlapping Holdings

Symbol	Grade	Weight in FTHI	Weight in QLTY	Overlap
AAPL	C	5.59%	5.33%	5.33%
AMZN	A	3.89%	2.4%	2.4%
AVGO	C	1.77%	2.45%	1.77%
CRM	B	0.61%	2.84%	0.61%
ELV	F	0.1%	2.5%	0.1%
GE	D	0.35%	1.73%	0.35%
GOOGL	C	2.23%	4.43%	2.23%
ISRG	A	0.36%	2.92%	0.36%
KO	F	0.48%	2.81%	0.48%
LLY	F	1.25%	1.61%	1.25%
MDLZ	F	0.08%	1.72%	0.08%
META	B	2.61%	4.5%	2.61%
MRK	F	0.53%	2.41%	0.53%
MSFT	C	6.49%	6.46%	6.46%
ORCL	A	0.52%	4.71%	0.52%
PG	C	0.77%	3.2%	0.77%
TJX	A	0.31%	2.14%	0.31%
TMO	F	0.41%	0.91%	0.41%
TXN	B	0.38%	3.53%	0.38%
UNH	B	1.1%	3.62%	1.1%
V	A	1.0%	3.22%	1.0%
WFC	A	0.47%	2.45%	0.47%

FTHI Overweight 142 Positions Relative to QLTY

Symbol	Grade	Weight
NVDA	A	6.64%
GOOG	C	1.88%
BRK.A	B	1.7%
BXMT	D	1.62%
SLG	C	1.53%
JPM	A	1.37%
TSLA	B	1.29%
JXN	C	1.22%
XOM	B	1.0%
CRNX	B	0.99%
UL	D	0.97%
CCEP	C	0.96%
VST	B	0.95%
MA	B	0.87%
HD	B	0.86%
MO	A	0.86%
LADR	B	0.86%
COST	B	0.82%
CALM	B	0.75%
ABBV	F	0.74%
BRBR	A	0.73%
WMT	A	0.68%
NFLX	A	0.68%
INGR	B	0.64%
PTVE	C	0.62%
IDA	A	0.56%
CCI	F	0.55%
BAC	A	0.54%
ALSN	B	0.53%
NVS	F	0.51%
GILD	B	0.5%
AMD	F	0.5%
EXP	B	0.49%
CVLT	B	0.48%
SLM	A	0.47%
MEDP	D	0.46%
MDT	D	0.46%
DELL	C	0.46%
BMY	B	0.45%
SFM	B	0.45%
TOL	B	0.45%
ADBE	C	0.44%
HLI	B	0.44%
INSM	C	0.44%
IDCC	B	0.44%
DTM	A	0.44%
PEP	D	0.44%
PPC	C	0.43%
CAT	B	0.43%
EWBC	B	0.42%
LIN	D	0.42%
MMC	D	0.42%
UMBF	B	0.42%
INTU	A	0.41%
ITW	B	0.41%
ARES	B	0.41%
NOW	A	0.41%
SCCO	F	0.4%
DECK	B	0.4%
USFD	B	0.39%
EHC	B	0.39%
STNG	F	0.39%
SLVM	C	0.38%
AM	B	0.38%
LANC	C	0.38%
IBM	D	0.37%
CME	B	0.37%
BKNG	A	0.36%
BAH	C	0.35%
T	A	0.35%
PM	B	0.35%
QCOM	F	0.35%
FNF	C	0.34%
ADP	A	0.34%
HESM	C	0.34%
FTI	B	0.34%
VZ	D	0.34%
KRC	C	0.33%
GS	B	0.33%
KNSL	C	0.33%
WSO	B	0.33%
DHR	F	0.33%
AMAT	F	0.33%
AMGN	F	0.33%
RTX	D	0.33%
SBRA	C	0.32%
SPGI	C	0.32%
DUK	D	0.31%
IIPR	F	0.3%
MATX	B	0.3%
PSA	D	0.3%
AMT	F	0.3%
VEEV	B	0.3%
LOW	B	0.3%
UNP	D	0.3%
HON	B	0.29%
MGEE	B	0.29%
TMUS	A	0.29%
LOPE	B	0.29%
GAP	B	0.28%
BKU	A	0.28%
NVO	F	0.27%
LMT	D	0.27%
GGG	B	0.27%
REYN	D	0.27%
DHT	D	0.27%
PFE	F	0.27%
ATR	A	0.25%
CVX	A	0.25%
COP	C	0.24%
SBLK	D	0.24%
O	D	0.24%
CNA	C	0.23%
NEE	D	0.23%
PFGC	B	0.22%
OTTR	C	0.22%
AMH	C	0.22%
EQIX	B	0.21%
PAYX	B	0.21%
SO	D	0.2%
CL	F	0.2%
FLO	F	0.2%
CVBF	B	0.19%
NEU	C	0.18%
MUSA	B	0.18%
XEL	A	0.18%
OGN	F	0.17%
GEV	B	0.17%
MSI	B	0.16%
KAR	B	0.15%
WEC	B	0.15%
EXR	D	0.14%
SFNC	B	0.14%
BX	A	0.13%
NHI	D	0.12%
TGT	C	0.11%
GIS	F	0.08%
D	D	0.08%
BDX	F	0.07%
AJG	A	0.05%
SPG	A	0.05%
SYK	A	0.05%

FTHI Underweight 12 Positions Relative to QLTY

Symbol	Grade	Weight
JNJ	D	-4.24%
ABT	C	-4.17%
ACN	B	-3.3%
KLAC	F	-2.85%
LRCX	F	-2.85%
HLT	A	-2.62%
ARMK	B	-2.56%
USB	B	-2.31%
OTIS	D	-2.25%
STZ	D	-1.59%
CI	D	-1.49%
DGX	B	-1.35%