FTLS vs. INNO ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Harbor Disruptive Innovation ETF (INNO)

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.45

Average Daily Volume

127,001

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.80

Average Daily Volume

29,638

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	INNO
30 Days	0.83%	3.59%
60 Days	4.31%	5.67%
90 Days	3.42%	7.02%
12 Months	20.73%	26.68%

23 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in INNO	Overlap
AMAT	F	-0.04%	0.61%	-0.04%
AMD	F	-0.03%	1.36%	-0.03%
AMZN	B	2.75%	2.97%	2.75%
CDNS	B	-0.69%	3.13%	-0.69%
GLBE	A	0.16%	0.57%	0.16%
GOOG	B	1.22%	3.38%	1.22%
GOOGL	B	1.46%	1.96%	1.46%
LIN	D	-0.6%	2.53%	-0.6%
LLY	F	0.86%	0.54%	0.54%
META	C	1.84%	2.01%	1.84%
MSFT	D	4.5%	1.92%	1.92%
NFLX	A	-0.14%	1.14%	-0.14%
NOW	B	-0.35%	3.73%	-0.35%
NVDA	A	4.98%	4.35%	4.35%
OKTA	D	0.46%	0.53%	0.46%
ORCL	A	-0.82%	0.81%	-0.82%
PANW	B	-0.25%	0.8%	-0.25%
SAIA	C	-0.02%	0.45%	-0.02%
SAP	B	-0.28%	0.84%	-0.28%
SE	A	-0.07%	0.83%	-0.07%
TSLA	A	-0.61%	0.46%	-0.61%
TXN	C	-0.38%	2.3%	-0.38%
URI	B	-0.21%	2.81%	-0.21%

FTLS Overweight 361 Positions Relative to INNO

Symbol	Grade	Weight
AAPL	C	7.52%
TMUS	B	2.29%
C	B	2.21%
LOW	C	2.16%
ACN	C	2.13%
SCHW	A	2.09%
QCOM	F	2.01%
JNJ	D	1.94%
PM	A	1.88%
FDX	B	1.66%
PH	B	1.65%
CME	A	1.58%
MO	A	1.48%
VLO	C	1.41%
MPC	D	1.35%
USB	B	1.34%
ILMN	C	1.25%
KMI	A	1.23%
CL	D	1.17%
AVGO	C	1.16%
LNG	A	1.15%
CTAS	B	1.12%
BRK.A	A	1.12%
TRV	A	1.05%
TFC	A	1.03%
HPQ	B	1.03%
FIS	C	0.99%
HWM	A	0.97%
JPM	A	0.92%
SYY	D	0.86%
ALL	A	0.86%
FANG	D	0.84%
SYF	B	0.8%
NTAP	C	0.79%
JBL	C	0.79%
PBR	D	0.72%
RL	C	0.71%
TWLO	A	0.7%
AFL	C	0.69%
TOL	B	0.66%
EAT	A	0.63%
CSL	C	0.6%
NVR	D	0.56%
CF	A	0.55%
PNR	B	0.55%
INSM	C	0.55%
VLTO	C	0.5%
BJ	B	0.49%
FLEX	B	0.48%
MAS	D	0.47%
CROX	F	0.46%
VRSN	F	0.46%
ZIM	A	0.45%
GEN	B	0.45%
SWK	F	0.44%
NTRS	A	0.43%
NVS	D	0.43%
GL	C	0.41%
VICI	C	0.4%
CAG	F	0.4%
FFIV	B	0.4%
PENN	C	0.39%
DBX	C	0.36%
EXP	B	0.36%
CRS	A	0.35%
TTC	F	0.34%
SNA	B	0.33%
TKO	A	0.32%
WRB	B	0.32%
CCK	D	0.31%
LPX	A	0.31%
ALLY	C	0.31%
JAZZ	C	0.3%
PI	D	0.3%
AYI	B	0.29%
ASO	F	0.29%
SCHV	A	0.27%
IWD	B	0.27%
SPYV	B	0.26%
RPRX	F	0.25%
EWBC	A	0.25%
CNK	A	0.24%
WHD	B	0.22%
AIZ	A	0.22%
KNSL	B	0.21%
HRB	D	0.21%
MSM	D	0.21%
UHS	D	0.2%
SAM	C	0.2%
EXEL	B	0.2%
ALSN	B	0.2%
MGY	A	0.2%
TWST	F	0.19%
COLB	B	0.18%
THO	C	0.18%
ADMA	C	0.17%
ALKS	C	0.17%
SKYW	B	0.16%
CALM	A	0.16%
UMBF	B	0.16%
PNFP	B	0.16%
SFM	A	0.16%
STNG	D	0.16%
MATX	B	0.15%
PRI	A	0.15%
CRC	B	0.15%
LEG	F	0.14%
LOGI	F	0.14%
AXS	A	0.14%
CBT	C	0.14%
BFH	B	0.14%
ORI	A	0.14%
MTG	D	0.13%
GMS	B	0.13%
VRNA	A	0.13%
CSWI	A	0.13%
GM	B	0.13%
PAA	A	0.13%
SIGI	B	0.13%
OPCH	F	0.12%
WGO	C	0.12%
KRG	A	0.12%
PPC	B	0.12%
GFF	B	0.12%
FTDR	B	0.12%
ZWS	B	0.12%
BFAM	F	0.12%
CBSH	A	0.12%
NSA	C	0.11%
ABM	B	0.11%
MMS	D	0.11%
ENLC	A	0.11%
HESM	A	0.11%
AM	A	0.11%
SMPL	B	0.11%
GBCI	B	0.1%
TBBK	B	0.1%
GRBK	D	0.1%
THG	A	0.1%
LOPE	B	0.1%
YOU	D	0.1%
EXTR	C	0.1%
TCBI	B	0.1%
RDFN	D	0.1%
ESNT	D	0.09%
PRGS	B	0.09%
DBRG	F	0.09%
PAYO	A	0.09%
KFY	B	0.09%
VCYT	A	0.09%
FOLD	F	0.09%
LCII	D	0.09%
TXG	F	0.09%
AZZ	A	0.08%
KMPR	A	0.08%
UBSI	B	0.08%
PLXS	B	0.08%
HAYW	B	0.08%
RLI	A	0.08%
EPR	D	0.08%
BOH	B	0.08%
CARG	B	0.08%
LANC	D	0.08%
CUBI	C	0.08%
NMIH	D	0.07%
EBC	B	0.07%
FHB	B	0.07%
PBH	A	0.07%
BCRX	D	0.07%
REVG	B	0.07%
WMB	A	0.07%
AVNT	B	0.07%
AMPH	F	0.06%
GSL	F	0.06%
PLMR	A	0.06%
WFG	C	0.06%
ADUS	D	0.06%
BRC	C	0.06%
AUB	B	0.06%
ICFI	F	0.06%
MQ	F	0.06%
ROIC	A	0.06%
OTEX	F	0.06%
SUPN	B	0.06%
MYGN	F	0.05%
COLL	F	0.05%
TRMD	D	0.05%
CDNA	D	0.04%
VIST	B	-0.02%
CBU	B	-0.02%
HLN	C	-0.02%
DNB	B	-0.02%
COTY	F	-0.02%
KD	A	-0.02%
RIVN	F	-0.02%
FRO	D	-0.02%
COHR	B	-0.02%
UWMC	D	-0.02%
WOLF	F	-0.02%
HON	A	-0.02%
NVEE	F	-0.02%
LKFN	B	-0.02%
AER	B	-0.02%
ARM	F	-0.02%
IBOC	B	-0.02%
RUN	F	-0.02%
VSAT	F	-0.02%
ASPN	F	-0.02%
EA	A	-0.02%
CVX	A	-0.02%
ENS	D	-0.02%
FSLR	D	-0.02%
TFIN	B	-0.03%
ALB	B	-0.03%
MARA	C	-0.03%
RCL	A	-0.03%
HHH	B	-0.03%
UTZ	D	-0.03%
ICHR	C	-0.03%
CNNE	B	-0.03%
NEOG	D	-0.03%
WMT	A	-0.03%
GE	D	-0.03%
GKOS	A	-0.03%
AMRC	F	-0.03%
BVN	D	-0.03%
RDY	D	-0.03%
CLH	C	-0.03%
BURL	A	-0.03%
NWSA	B	-0.03%
DIOD	F	-0.03%
ARLO	C	-0.03%
OSIS	A	-0.03%
PAR	A	-0.03%
PSMT	D	-0.03%
AZTA	F	-0.03%
SDGR	C	-0.03%
BE	A	-0.03%
RXST	F	-0.03%
TMO	F	-0.03%
BIRK	D	-0.03%
AMRK	F	-0.03%
FAST	B	-0.03%
GPRE	F	-0.03%
SLGN	A	-0.03%
ATEC	C	-0.04%
STZ	D	-0.04%
CTRA	B	-0.04%
CRDO	B	-0.04%
APPN	C	-0.04%
CFLT	B	-0.04%
IRTC	C	-0.04%
UPST	B	-0.04%
EQT	A	-0.04%
FFIN	B	-0.04%
ERJ	A	-0.04%
RH	D	-0.04%
PRCT	B	-0.04%
ENR	A	-0.04%
OSK	C	-0.04%
AEO	F	-0.05%
ACIW	B	-0.05%
ZD	B	-0.05%
ACVA	A	-0.05%
SOFI	A	-0.05%
VRRM	F	-0.05%
LYFT	C	-0.05%
LMND	A	-0.05%
GATX	B	-0.05%
TTD	B	-0.06%
COP	B	-0.06%
MSA	D	-0.06%
VAL	F	-0.06%
WST	D	-0.06%
AVAV	C	-0.07%
MMYT	B	-0.07%
APO	A	-0.07%
SSB	B	-0.07%
CDW	F	-0.07%
AVY	D	-0.07%
KTOS	C	-0.07%
MUFG	A	-0.07%
HCA	F	-0.07%
DLB	F	-0.07%
DY	C	-0.08%
BA	D	-0.08%
VNT	C	-0.08%
NSIT	F	-0.09%
CCOI	B	-0.09%
TRMB	B	-0.09%
R	B	-0.09%
NXPI	F	-0.09%
MAT	D	-0.09%
HAE	C	-0.1%
ING	D	-0.1%
GPC	F	-0.1%
VVV	D	-0.1%
ARGX	B	-0.11%
STM	F	-0.11%
SLB	C	-0.12%
HII	F	-0.12%
IDCC	A	-0.13%
BKR	B	-0.13%
KEYS	C	-0.13%
STE	D	-0.13%
ABT	A	-0.14%
HQY	A	-0.14%
ASX	D	-0.15%
PKG	B	-0.15%
TM	D	-0.15%
INFY	D	-0.16%
SYK	A	-0.16%
VMC	B	-0.16%
GSK	F	-0.17%
IPG	F	-0.17%
EFX	F	-0.19%
BWXT	A	-0.19%
MU	D	-0.19%
GWRE	A	-0.2%
FMX	F	-0.21%
HSBC	A	-0.22%
PCAR	B	-0.22%
CCEP	D	-0.23%
DEO	F	-0.23%
PG	C	-0.25%
KR	B	-0.25%
TYL	B	-0.25%
OMC	C	-0.27%
GEHC	D	-0.28%
NSC	B	-0.28%
INTC	C	-0.3%
MMM	D	-0.3%
ISRG	A	-0.31%
UL	D	-0.31%
SNPS	C	-0.31%
WAT	C	-0.31%
TTWO	A	-0.32%
BABA	D	-0.32%
LMT	D	-0.33%
MDLZ	F	-0.33%
ZBH	C	-0.36%
CMI	A	-0.36%
BK	B	-0.37%
HDB	B	-0.39%
ASML	F	-0.4%
MSI	B	-0.41%
MCD	D	-0.41%
UNH	C	-0.41%
XOM	B	-0.45%
WM	B	-0.46%
MLM	B	-0.49%
DE	C	-0.5%
PNC	B	-0.5%
VRSK	B	-0.54%
GD	D	-0.55%
PEP	F	-0.57%
ETN	B	-0.58%
PAYX	B	-0.58%
DIS	B	-0.66%
CMCSA	B	-0.67%
APD	A	-0.69%

FTLS Underweight 45 Positions Relative to INNO

Symbol	Grade	Weight
SHOP	B	-3.91%
FI	A	-2.94%
MELI	D	-2.85%
PGR	B	-2.82%
DASH	A	-2.82%
LRCX	F	-2.42%
DHR	D	-2.42%
TEAM	A	-2.23%
IOT	A	-2.16%
TOST	A	-2.03%
ASND	F	-1.55%
CMG	C	-1.51%
DDOG	A	-1.38%
TSM	B	-1.33%
PCOR	C	-1.2%
CGNX	D	-1.2%
NET	B	-1.17%
HUBS	A	-1.11%
GTLS	A	-1.09%
CRM	B	-0.9%
S	B	-0.84%
MEDP	D	-0.82%
MNDY	D	-0.8%
ZS	B	-0.79%
MTSI	B	-0.77%
GEV	A	-0.67%
SQ	A	-0.65%
ROKU	D	-0.65%
LSCC	D	-0.64%
NU	C	-0.63%
DT	C	-0.62%
MDB	C	-0.62%
PODD	B	-0.58%
DKNG	B	-0.5%
ICLR	F	-0.46%
CRWD	B	-0.45%
SNOW	C	-0.43%
LEGN	F	-0.41%
MRNA	F	-0.39%
TDG	D	-0.33%
RCKT	F	-0.33%
DXCM	C	-0.32%
CHKP	D	-0.32%
PCVX	D	-0.25%
BCYC	F	-0.16%