FTLS vs. QQXT ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)

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

$63.47

Average Daily Volume

143,082

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

QQXT

First Trust NASDAQ-100 Ex-Technology Sector Index Fund

QQXT 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 NASDAQ-100 Ex-Tech Sector Index(SM). 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 an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are not classified as "technology" according to the Industry Classification Benchmark ("ICB") classification system and, as a result, is a subset of the NASDAQ-100 Index(R). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.39

Average Daily Volume

4,482

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	QQXT
30 Days	-0.80%	1.38%
60 Days	1.06%	2.60%
90 Days	0.62%	3.60%
12 Months	18.51%	11.58%

23 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in QQXT	Overlap
AMZN	C	2.5%	1.62%	1.62%
BKR	D	-0.12%	1.71%	-0.12%
CCEP	B	-0.28%	1.81%	-0.28%
CMCSA	D	-0.71%	1.69%	-0.71%
CTAS	C	1.07%	1.92%	1.07%
EA	D	-0.02%	1.74%	-0.02%
FANG	D	0.8%	1.52%	0.8%
FAST	C	-0.03%	1.78%	-0.03%
GEHC	C	-0.33%	1.81%	-0.33%
HON	D	-0.02%	1.57%	-0.02%
ILMN	C	1.04%	2.02%	1.04%
ISRG	C	-0.35%	1.88%	-0.35%
LIN	B	-0.72%	1.78%	-0.72%
MDLZ	B	-0.44%	1.88%	-0.44%
NFLX	B	-0.15%	1.68%	-0.15%
PAYX	C	-0.63%	1.78%	-0.63%
PCAR	D	-0.22%	1.49%	-0.22%
PEP	C	-0.73%	1.75%	-0.73%
TMUS	C	2.04%	1.93%	1.93%
TSLA	C	-0.57%	2.05%	-0.57%
TTD	B	-0.06%	1.78%	-0.06%
TTWO	D	-0.33%	1.59%	-0.33%
VRSK	D	-0.63%	1.65%	-0.63%

FTLS Overweight 361 Positions Relative to QQXT

Symbol	Grade	Weight
AAPL	D	7.5%
MSFT	C	4.6%
NVDA	D	4.06%
ACN	C	2.11%
JNJ	B	2.08%
LOW	B	2.08%
QCOM	D	1.96%
PM	C	1.93%
C	D	1.89%
SCHW	D	1.8%
FDX	C	1.71%
META	A	1.66%
CME	C	1.58%
MO	C	1.48%
MPC	D	1.44%
PH	B	1.43%
VLO	D	1.41%
CL	C	1.4%
GOOGL	D	1.27%
USB	B	1.21%
BRK.A	C	1.12%
AVGO	C	1.06%
GOOG	D	1.06%
LLY	C	1.03%
LNG	D	1.03%
TRV	B	0.99%
KMI	A	0.99%
FIS	B	0.98%
TFC	D	0.94%
HPQ	D	0.93%
SYY	D	0.88%
ALL	A	0.86%
HWM	B	0.84%
JPM	D	0.82%
PBR	D	0.78%
NTAP	D	0.76%
AFL	B	0.71%
TOL	B	0.63%
JBL	D	0.61%
INSM	D	0.58%
CROX	C	0.58%
SYF	C	0.58%
NVR	B	0.57%
RL	B	0.57%
CSL	C	0.55%
VLTO	C	0.54%
CF	B	0.51%
PNR	B	0.49%
NVS	C	0.48%
MAS	B	0.47%
SWK	B	0.47%
CAG	B	0.46%
VRSN	D	0.46%
OKTA	F	0.45%
TWLO	D	0.45%
BJ	D	0.45%
VICI	C	0.44%
EAT	B	0.4%
GL	C	0.39%
NTRS	B	0.36%
FLEX	C	0.36%
PENN	D	0.36%
FFIV	A	0.35%
ZIM	C	0.34%
TTC	D	0.33%
EXP	B	0.32%
WRB	C	0.32%
ASO	C	0.32%
TKO	B	0.32%
DBX	D	0.32%
CCK	A	0.3%
CRS	B	0.29%
ALLY	F	0.28%
PI	B	0.28%
SNA	B	0.27%
JAZZ	D	0.27%
LPX	B	0.27%
SPYV	A	0.26%
RPRX	C	0.26%
IWD	B	0.26%
SCHV	A	0.26%
UHS	B	0.23%
CNK	B	0.23%
AYI	B	0.23%
KNSL	C	0.22%
AIZ	B	0.21%
HRB	C	0.21%
STNG	D	0.2%
WHD	C	0.19%
TWST	D	0.19%
EWBC	C	0.19%
MSM	D	0.19%
MGY	C	0.18%
SAM	F	0.18%
THO	D	0.17%
ADMA	B	0.16%
GLBE	C	0.16%
ALKS	C	0.16%
OPCH	C	0.16%
COLB	B	0.15%
LOGI	D	0.15%
ALSN	B	0.15%
EXEL	B	0.15%
BFAM	C	0.15%
LEG	D	0.14%
UMBF	B	0.14%
ORI	A	0.14%
CBT	B	0.13%
SIGI	C	0.13%
PNFP	B	0.13%
MTG	B	0.13%
TXG	D	0.13%
AXS	B	0.13%
CRC	C	0.13%
PRI	B	0.13%
PAA	D	0.13%
GFF	C	0.12%
HESM	C	0.12%
KRG	B	0.12%
NSA	B	0.12%
MATX	C	0.12%
SFM	B	0.12%
CALM	B	0.12%
CSWI	B	0.11%
WGO	D	0.11%
ENLC	B	0.11%
RDFN	C	0.11%
SMPL	D	0.11%
SKYW	C	0.11%
MMS	D	0.11%
AM	B	0.11%
GMS	C	0.11%
CBSH	C	0.11%
GM	B	0.11%
ESNT	B	0.1%
DBRG	D	0.1%
ZWS	B	0.1%
FTDR	B	0.1%
GRBK	B	0.1%
YOU	B	0.1%
VRNA	B	0.1%
TBBK	B	0.09%
EPR	B	0.09%
EXTR	C	0.09%
THG	A	0.09%
LCII	C	0.09%
ABM	D	0.09%
FOLD	D	0.09%
PPC	D	0.09%
TRMD	C	0.08%
PRGS	C	0.08%
LANC	D	0.08%
CUBI	F	0.08%
KFY	B	0.08%
LOPE	D	0.08%
TCBI	B	0.08%
MQ	F	0.08%
HAYW	C	0.07%
REVG	C	0.07%
AVNT	B	0.07%
BOH	C	0.07%
UBSI	B	0.07%
MYGN	B	0.07%
KMPR	D	0.07%
AZZ	C	0.07%
OTEX	D	0.07%
CARG	B	0.07%
NMIH	B	0.07%
BCRX	C	0.07%
GBCI	B	0.07%
RLI	B	0.07%
VCYT	B	0.07%
CDNA	C	0.06%
SUPN	C	0.06%
AUB	C	0.06%
GSL	D	0.06%
WFG	B	0.06%
COLL	B	0.06%
PLMR	B	0.06%
FHB	C	0.06%
AMPH	C	0.06%
ROIC	B	0.06%
PLXS	B	0.06%
EBC	B	0.06%
BRC	B	0.06%
WMB	B	0.06%
ADUS	B	0.06%
ICFI	C	0.06%
PBH	B	0.06%
CBU	C	-0.02%
WOLF	F	-0.02%
FSLR	C	-0.02%
KD	D	-0.02%
AER	C	-0.02%
NVEE	F	-0.02%
SAIA	D	-0.02%
LKFN	C	-0.02%
ARM	D	-0.02%
ENS	C	-0.02%
IBOC	C	-0.02%
COHR	B	-0.02%
CVX	D	-0.02%
AZTA	D	-0.03%
GKOS	D	-0.03%
RH	B	-0.03%
DIOD	F	-0.03%
ARLO	F	-0.03%
CFLT	F	-0.03%
OSIS	C	-0.03%
RUN	C	-0.03%
CLH	B	-0.03%
ICHR	F	-0.03%
MARA	F	-0.03%
PSMT	B	-0.03%
AMD	F	-0.03%
VSAT	F	-0.03%
COTY	F	-0.03%
BE	F	-0.03%
GPRE	F	-0.03%
NWSA	D	-0.03%
BIRK	D	-0.03%
ATEC	F	-0.03%
RCL	B	-0.03%
UPST	C	-0.03%
HLN	B	-0.03%
FRO	C	-0.03%
ASPN	D	-0.03%
PAR	B	-0.03%
CRDO	D	-0.03%
SLGN	B	-0.03%
VIST	D	-0.03%
DNB	C	-0.03%
AMAT	D	-0.04%
UTZ	C	-0.04%
AMRC	C	-0.04%
MP	D	-0.04%
RDY	D	-0.04%
IRTC	F	-0.04%
FFIN	B	-0.04%
W	D	-0.04%
NEOG	C	-0.04%
BVN	D	-0.04%
BURL	B	-0.04%
EQT	D	-0.04%
ENR	F	-0.04%
SDGR	F	-0.04%
OSK	D	-0.04%
LYFT	D	-0.04%
WMT	B	-0.04%
LMND	D	-0.04%
APPN	D	-0.04%
ALB	F	-0.04%
PRCT	B	-0.04%
GE	B	-0.04%
HHH	C	-0.04%
TMO	C	-0.04%
SOFI	C	-0.04%
RXST	C	-0.04%
CNNE	D	-0.04%
UWMC	C	-0.04%
RIVN	F	-0.04%
ACIW	B	-0.05%
CTRA	F	-0.05%
GATX	D	-0.05%
AMRK	C	-0.05%
ERJ	C	-0.05%
SE	B	-0.06%
AEO	D	-0.06%
WST	D	-0.06%
APO	C	-0.06%
ZD	D	-0.06%
ACVA	B	-0.06%
STZ	C	-0.06%
VNT	D	-0.07%
SSB	B	-0.07%
VAL	F	-0.07%
AVAV	D	-0.07%
MUFG	D	-0.07%
DLB	D	-0.07%
MSA	C	-0.07%
COP	D	-0.07%
VRRM	D	-0.07%
TRMB	C	-0.08%
KTOS	B	-0.08%
CCOI	C	-0.09%
CDW	D	-0.09%
R	B	-0.09%
AVY	D	-0.09%
HCA	B	-0.09%
MMYT	B	-0.09%
CHK	D	-0.09%
HAE	D	-0.1%
DY	B	-0.1%
BA	F	-0.1%
NXPI	D	-0.1%
MAT	C	-0.1%
VVV	D	-0.11%
ARGX	C	-0.12%
IDCC	B	-0.12%
ING	A	-0.13%
STM	F	-0.13%
NSIT	C	-0.13%
SLB	F	-0.13%
GPC	D	-0.13%
HQY	C	-0.13%
KEYS	C	-0.14%
PKG	B	-0.16%
VMC	D	-0.16%
ASX	D	-0.17%
ABT	C	-0.17%
MU	F	-0.17%
BWXT	D	-0.18%
HII	C	-0.18%
TM	F	-0.18%
STE	C	-0.18%
SYK	C	-0.19%
IPG	C	-0.2%
URI	B	-0.2%
GWRE	A	-0.21%
INFY	C	-0.21%
GSK	C	-0.24%
HSBC	B	-0.24%
PANW	D	-0.26%
EFX	C	-0.26%
INTC	F	-0.27%
FMX	F	-0.27%
TYL	C	-0.28%
KR	B	-0.28%
WAT	C	-0.3%
DEO	C	-0.3%
SNPS	D	-0.31%
NSC	C	-0.31%
SAP	A	-0.31%
OMC	A	-0.31%
BABA	C	-0.32%
PG	C	-0.32%
NOW	A	-0.36%
MMM	B	-0.36%
CMI	C	-0.36%
BK	A	-0.39%
UL	C	-0.4%
ZBH	F	-0.41%
GEV	B	-0.41%
LMT	C	-0.41%
TXN	C	-0.41%
MSI	C	-0.46%
HDB	C	-0.46%
UNH	C	-0.47%
MLM	D	-0.48%
MCD	C	-0.49%
XOM	D	-0.5%
WM	D	-0.52%
PNC	B	-0.52%
DE	B	-0.56%
ASML	D	-0.57%
ETN	C	-0.58%
GD	B	-0.64%
DIS	D	-0.71%
CDNS	D	-0.73%
APD	B	-0.74%
ORCL	B	-0.84%

FTLS Underweight 35 Positions Relative to QQXT

Symbol	Grade	Weight
MELI	B	-2.18%
AEP	B	-2.0%
XEL	A	-2.0%
SBUX	C	-1.99%
WBD	D	-1.97%
CHTR	D	-1.96%
GILD	B	-1.95%
PYPL	B	-1.94%
EXC	B	-1.92%
ADP	B	-1.86%
ODFL	C	-1.82%
REGN	C	-1.81%
KDP	A	-1.8%
AMGN	B	-1.8%
CSCO	B	-1.79%
KHC	C	-1.79%
COST	C	-1.77%
CSGP	D	-1.74%
VRTX	D	-1.73%
ORLY	B	-1.73%
IDXX	C	-1.71%
MNST	C	-1.71%
ROST	C	-1.7%
CSX	D	-1.67%
AZN	D	-1.66%
BKNG	B	-1.65%
MAR	C	-1.58%
CPRT	D	-1.52%
CEG	C	-1.51%
BIIB	F	-1.47%
LULU	D	-1.41%
ABNB	D	-1.3%
DLTR	F	-1.11%
DXCM	F	-0.99%
MRNA	F	-0.86%