FTLS vs. MFDX ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX)

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

$65.63

Average Daily Volume

127,223

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

MFDX

PIMCO Equitiy Series PIMCO RAFI Dynamic Multi-Factor International Equity ETF

MFDX Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor Emerging Markets Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of "factor portfolios," each of which emphasizes one of the following factors: value, low volatility, quality and momentum.

Grade (RS Rating)

Last Trade

$30.33

Average Daily Volume

24,135

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	MFDX
30 Days	2.15%	-1.45%
60 Days	3.89%	-5.23%
90 Days	3.71%	-4.02%
12 Months	20.58%	11.37%

13 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in MFDX	Overlap
AER	B	-0.02%	0.01%	-0.02%
ARM	D	-0.02%	0.28%	-0.02%
CCEP	C	-0.23%	0.06%	-0.23%
DEO	F	-0.22%	0.14%	-0.22%
FRO	F	-0.02%	0.02%	-0.02%
LOGI	D	0.13%	0.13%	0.13%
MUFG	B	-0.07%	0.39%	-0.07%
NVS	D	0.41%	0.61%	0.41%
NXPI	D	-0.08%	0.32%	-0.08%
SE	B	-0.07%	0.22%	-0.07%
TM	D	-0.15%	0.21%	-0.15%
UL	D	-0.3%	1.11%	-0.3%
WFG	D	0.06%	0.08%	0.06%

FTLS Overweight 371 Positions Relative to MFDX

Symbol	Grade	Weight
AAPL	C	7.44%
NVDA	C	4.84%
MSFT	F	4.45%
AMZN	C	2.74%
TMUS	B	2.32%
SCHW	B	2.26%
C	A	2.18%
LOW	D	2.16%
ACN	C	2.11%
PM	B	1.92%
QCOM	F	1.88%
JNJ	D	1.85%
META	D	1.77%
FDX	B	1.69%
PH	A	1.64%
CME	A	1.57%
MO	A	1.51%
VLO	C	1.43%
GOOGL	C	1.4%
MPC	D	1.37%
USB	A	1.35%
KMI	A	1.23%
LNG	B	1.19%
CL	D	1.17%
GOOG	C	1.17%
BRK.A	B	1.13%
ILMN	D	1.13%
CTAS	B	1.09%
AVGO	D	1.06%
TRV	B	1.05%
TFC	A	1.02%
FIS	C	1.0%
HPQ	B	1.0%
HWM	A	0.97%
JPM	A	0.93%
ALL	A	0.88%
LLY	F	0.84%
SYY	B	0.83%
FANG	D	0.83%
SYF	B	0.79%
NTAP	C	0.75%
PBR	C	0.73%
JBL	B	0.73%
TWLO	A	0.72%
AFL	B	0.7%
RL	B	0.67%
EAT	A	0.65%
TOL	B	0.65%
CSL	C	0.6%
PNR	A	0.56%
CF	B	0.55%
NVR	D	0.55%
INSM	C	0.54%
VLTO	D	0.49%
BJ	A	0.47%
MAS	D	0.46%
GEN	B	0.45%
VRSN	F	0.45%
OKTA	C	0.45%
CROX	D	0.44%
ZIM	C	0.44%
FLEX	A	0.44%
NTRS	A	0.42%
GL	B	0.41%
FFIV	B	0.4%
VICI	C	0.4%
PENN	C	0.4%
SWK	D	0.4%
CAG	D	0.38%
DBX	B	0.36%
EXP	A	0.35%
CRS	A	0.34%
SNA	A	0.33%
TKO	B	0.32%
WRB	A	0.32%
JAZZ	B	0.31%
LPX	B	0.31%
TTC	D	0.31%
AYI	B	0.29%
CCK	C	0.29%
ALLY	C	0.29%
PI	D	0.27%
ASO	F	0.27%
SPYV	A	0.26%
SCHV	A	0.26%
IWD	A	0.26%
EWBC	A	0.25%
CNK	B	0.24%
RPRX	D	0.23%
KNSL	B	0.22%
AIZ	A	0.22%
SAM	C	0.21%
WHD	B	0.21%
ALSN	B	0.2%
MGY	A	0.2%
MSM	C	0.2%
COLB	A	0.19%
UHS	D	0.19%
HRB	D	0.19%
EXEL	B	0.19%
THO	B	0.18%
PNFP	B	0.17%
ALKS	B	0.17%
GLBE	B	0.17%
ADMA	B	0.17%
CALM	A	0.16%
UMBF	B	0.16%
STNG	F	0.16%
TWST	D	0.16%
SFM	A	0.16%
ORI	A	0.15%
MATX	C	0.15%
PRI	A	0.15%
CRC	B	0.15%
SKYW	B	0.15%
GM	B	0.14%
AXS	A	0.14%
CSWI	A	0.13%
PAA	B	0.13%
GMS	B	0.13%
CBSH	A	0.13%
CBT	C	0.13%
LEG	F	0.13%
GFF	A	0.13%
BFH	B	0.13%
SIGI	C	0.13%
FTDR	A	0.12%
SMPL	B	0.12%
ZWS	B	0.12%
VRNA	B	0.12%
MTG	C	0.12%
TCBI	B	0.11%
AM	A	0.11%
ENLC	A	0.11%
HESM	B	0.11%
OPCH	D	0.11%
PPC	C	0.11%
BFAM	D	0.11%
WGO	C	0.11%
KRG	B	0.11%
TBBK	B	0.1%
LOPE	B	0.1%
THG	A	0.1%
MMS	F	0.1%
ABM	B	0.1%
NSA	D	0.1%
ESNT	D	0.09%
KFY	B	0.09%
PRGS	A	0.09%
DBRG	F	0.09%
CARG	C	0.09%
VCYT	B	0.09%
CUBI	C	0.09%
LCII	C	0.09%
YOU	D	0.09%
GRBK	D	0.09%
EXTR	B	0.09%
GBCI	B	0.09%
LANC	C	0.08%
UBSI	B	0.08%
RDFN	D	0.08%
TXG	F	0.08%
EPR	D	0.08%
KMPR	B	0.08%
BOH	B	0.08%
FOLD	F	0.08%
RLI	B	0.08%
PAYO	A	0.08%
NMIH	D	0.07%
EBC	B	0.07%
BCRX	D	0.07%
FHB	A	0.07%
PBH	A	0.07%
PLXS	B	0.07%
WMB	A	0.07%
REVG	B	0.07%
AVNT	B	0.07%
HAYW	B	0.07%
AZZ	B	0.07%
ICFI	F	0.06%
ADUS	D	0.06%
BRC	D	0.06%
OTEX	D	0.06%
PLMR	B	0.06%
AUB	B	0.06%
ROIC	A	0.06%
SUPN	C	0.06%
MQ	F	0.06%
COLL	F	0.05%
TRMD	F	0.05%
GSL	F	0.05%
AMPH	D	0.05%
CDNA	D	0.04%
MYGN	F	0.04%
VSAT	F	-0.01%
VIST	A	-0.02%
CBU	B	-0.02%
AMRK	F	-0.02%
GPRE	F	-0.02%
RXST	F	-0.02%
DNB	B	-0.02%
COTY	F	-0.02%
HLN	D	-0.02%
KD	B	-0.02%
RIVN	F	-0.02%
SAIA	B	-0.02%
HON	B	-0.02%
LKFN	B	-0.02%
COHR	B	-0.02%
UWMC	D	-0.02%
WOLF	F	-0.02%
IBOC	A	-0.02%
NVEE	F	-0.02%
EA	A	-0.02%
CVX	A	-0.02%
RUN	F	-0.02%
ENS	D	-0.02%
FSLR	F	-0.02%
ASPN	F	-0.02%
OSK	B	-0.03%
BE	B	-0.03%
UTZ	D	-0.03%
HHH	B	-0.03%
PRCT	B	-0.03%
WMT	A	-0.03%
PAR	B	-0.03%
ICHR	C	-0.03%
CNNE	B	-0.03%
GE	D	-0.03%
GKOS	B	-0.03%
BVN	F	-0.03%
BURL	A	-0.03%
SDGR	C	-0.03%
NEOG	F	-0.03%
OSIS	B	-0.03%
NWSA	B	-0.03%
RDY	F	-0.03%
CLH	B	-0.03%
PSMT	C	-0.03%
ARLO	C	-0.03%
AMRC	F	-0.03%
AZTA	D	-0.03%
TMO	F	-0.03%
DIOD	D	-0.03%
SLGN	A	-0.03%
FAST	B	-0.03%
BIRK	D	-0.03%
AMD	F	-0.03%
STZ	D	-0.04%
CTRA	B	-0.04%
GATX	A	-0.04%
ATEC	C	-0.04%
CFLT	B	-0.04%
EQT	B	-0.04%
ERJ	B	-0.04%
AMAT	F	-0.04%
APO	B	-0.04%
FFIN	B	-0.04%
TFIN	A	-0.04%
MARA	C	-0.04%
IRTC	D	-0.04%
CRDO	B	-0.04%
APPN	B	-0.04%
ENR	B	-0.04%
RCL	A	-0.04%
RH	B	-0.04%
ALB	C	-0.04%
LMND	B	-0.05%
SOFI	A	-0.05%
AEO	F	-0.05%
ACVA	B	-0.05%
ACIW	B	-0.05%
VRRM	D	-0.05%
UPST	B	-0.05%
LYFT	C	-0.05%
DLB	B	-0.06%
CDW	F	-0.06%
COP	C	-0.06%
TTD	B	-0.06%
ZD	C	-0.06%
WST	C	-0.06%
MSA	D	-0.06%
VAL	D	-0.06%
VNT	B	-0.07%
KTOS	B	-0.07%
MMYT	B	-0.07%
BA	F	-0.07%
SSB	B	-0.07%
AVY	D	-0.07%
IDCC	A	-0.07%
AVAV	D	-0.07%
HCA	F	-0.07%
MAT	D	-0.08%
CCOI	B	-0.08%
NSIT	F	-0.08%
R	B	-0.09%
TRMB	B	-0.09%
DY	D	-0.09%
STM	F	-0.1%
GPC	D	-0.1%
VVV	F	-0.1%
ING	F	-0.1%
HII	D	-0.11%
ARGX	A	-0.11%
HAE	C	-0.11%
KEYS	A	-0.12%
SLB	C	-0.12%
HQY	B	-0.13%
BKR	B	-0.13%
STE	F	-0.13%
ABT	B	-0.14%
PKG	A	-0.15%
NFLX	A	-0.15%
ASX	D	-0.15%
INTC	D	-0.15%
IPG	D	-0.16%
MU	D	-0.16%
INFY	B	-0.16%
GSK	F	-0.16%
VMC	B	-0.16%
SYK	C	-0.17%
EFX	F	-0.19%
URI	B	-0.2%
GWRE	A	-0.2%
BWXT	B	-0.2%
FMX	F	-0.2%
HSBC	B	-0.21%
PCAR	B	-0.22%
PANW	C	-0.25%
KR	B	-0.25%
TYL	B	-0.25%
GEHC	F	-0.26%
PG	A	-0.26%
SAP	B	-0.27%
OMC	C	-0.27%
NSC	B	-0.27%
BABA	D	-0.28%
SNPS	B	-0.29%
MMM	D	-0.3%
WAT	B	-0.3%
LMT	D	-0.32%
ISRG	A	-0.32%
TSLA	B	-0.32%
MDLZ	F	-0.33%
TTWO	A	-0.33%
NOW	A	-0.35%
CMI	A	-0.36%
ZBH	C	-0.36%
TXN	C	-0.36%
BK	A	-0.37%
HDB	C	-0.38%
UNH	C	-0.4%
MCD	D	-0.41%
ASML	F	-0.41%
ORCL	B	-0.41%
MSI	B	-0.43%
XOM	B	-0.45%
MLM	B	-0.46%
WM	A	-0.47%
DE	A	-0.48%
PNC	B	-0.51%
GD	F	-0.52%
VRSK	A	-0.55%
PAYX	C	-0.57%
PEP	F	-0.57%
ETN	A	-0.58%
LIN	D	-0.59%
CMCSA	B	-0.65%
CDNS	B	-0.69%
APD	A	-0.7%
DIS	B	-0.73%

FTLS Underweight 38 Positions Relative to MFDX

Symbol	Grade	Weight
ABBV	D	-0.7%
HSBH	B	-0.4%
TT	A	-0.37%
MFG	B	-0.36%
MDT	D	-0.34%
BCS	C	-0.28%
SMFG	B	-0.27%
GRMN	B	-0.26%
SPOT	B	-0.22%
WCN	A	-0.21%
CNI	D	-0.16%
HMC	F	-0.16%
CHKP	D	-0.12%
RBA	A	-0.11%
LYG	F	-0.1%
TEVA	D	-0.1%
GOLD	D	-0.09%
E	F	-0.08%
ICLR	D	-0.08%
NMR	B	-0.07%
LULU	C	-0.07%
STLA	F	-0.06%
WIX	B	-0.06%
ALLE	D	-0.05%
AGCO	D	-0.04%
CYBR	B	-0.04%
QGEN	D	-0.04%
ALV	C	-0.04%
SONY	B	-0.03%
PDS	C	-0.03%
AEI	D	-0.03%
DOOO	F	-0.02%
ASND	D	-0.02%
MNDY	C	-0.02%
SFL	D	-0.01%
YY	C	-0.01%
MBAVU	D	-0.0%
CSIQ	F	-0.0%