FTQI vs. MPAY ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Akros Monthly Payout ETF (MPAY)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on 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 buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.98

Average Daily Volume

183,338

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.82

Average Daily Volume

845

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	MPAY
30 Days	2.34%	1.20%
60 Days	3.86%	0.22%
90 Days	5.93%	2.14%
12 Months	18.59%	23.74%

25 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in MPAY	Overlap
AAPL	B	9.03%	5.94%	5.94%
ABBV	D	0.17%	1.45%	0.17%
ADBE	C	1.22%	1.57%	1.22%
AMZN	C	4.39%	4.97%	4.39%
CAT	B	0.15%	1.28%	0.15%
COST	B	2.64%	1.77%	1.77%
CRM	B	0.58%	1.43%	0.58%
CSCO	A	1.56%	1.28%	1.28%
GOOGL	C	1.87%	4.73%	1.87%
INTU	C	1.32%	1.3%	1.3%
LIN	D	1.19%	1.27%	1.19%
LLY	F	0.9%	3.04%	0.9%
LOW	C	0.12%	1.37%	0.12%
MSFT	D	8.03%	5.7%	5.7%
NFLX	B	2.4%	1.44%	1.44%
NOW	B	0.46%	1.46%	0.46%
NVDA	C	5.22%	6.38%	5.22%
ORCL	C	0.75%	1.78%	0.75%
PEP	F	1.45%	1.25%	1.25%
QCOM	F	1.11%	1.36%	1.11%
TSLA	B	3.05%	1.83%	1.83%
TXN	D	1.54%	1.23%	1.23%
V	A	0.24%	1.77%	0.24%
WMT	B	0.39%	2.21%	0.39%
XOM	C	0.15%	1.55%	0.15%

FTQI Overweight 170 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	4.15%
AVGO	D	4.07%
GOOG	C	1.87%
TMUS	A	1.78%
AMD	F	1.45%
EQIX	A	1.25%
CME	A	0.96%
NTAP	C	0.79%
CHKP	D	0.72%
SPGI	C	0.6%
APH	B	0.58%
MGEE	C	0.58%
APP	B	0.52%
UFPI	B	0.51%
PTC	A	0.5%
LNT	A	0.49%
DUOL	B	0.48%
CASY	B	0.43%
TYL	A	0.4%
BGC	C	0.39%
STX	D	0.38%
ZBRA	A	0.37%
CG	B	0.37%
NDAQ	A	0.36%
A	D	0.34%
WFRD	F	0.31%
IESC	B	0.31%
ANET	C	0.29%
PAGP	B	0.29%
BCPC	B	0.29%
TSCO	C	0.28%
SBAC	D	0.28%
SNY	F	0.28%
MORN	A	0.28%
EWBC	B	0.28%
PNFP	B	0.27%
OTTR	C	0.27%
MEDP	F	0.27%
AMT	D	0.27%
EVRG	A	0.26%
SOFI	B	0.26%
WWD	B	0.25%
LITE	B	0.25%
AXON	B	0.25%
ICLR	F	0.25%
UMBF	B	0.24%
CYBR	B	0.24%
UPST	B	0.24%
IDCC	A	0.24%
COIN	B	0.24%
STRL	B	0.24%
MTSI	B	0.23%
HOOD	B	0.23%
MSI	C	0.22%
ERIE	D	0.22%
RVMD	B	0.22%
PTEN	C	0.22%
EXPE	B	0.22%
NBIX	C	0.21%
COKE	C	0.2%
PODD	B	0.2%
NTRA	B	0.2%
MANH	C	0.2%
DJT	C	0.2%
MPWR	F	0.2%
FFIV	A	0.2%
SAIA	C	0.2%
INCY	C	0.19%
NTRS	A	0.19%
CL	D	0.19%
FCNCA	B	0.18%
AAON	B	0.18%
HBAN	B	0.18%
REG	B	0.18%
NOVT	D	0.18%
ZION	B	0.18%
ICUI	D	0.18%
UTHR	C	0.18%
MKSI	C	0.18%
CHRW	C	0.18%
TRMB	B	0.18%
VRNS	D	0.18%
OLLI	C	0.18%
GH	B	0.17%
CINF	A	0.17%
MDGL	B	0.17%
DOX	D	0.17%
SSNC	A	0.17%
EBAY	C	0.17%
OLED	F	0.17%
LECO	C	0.16%
WIX	A	0.16%
MASI	A	0.16%
ARGX	B	0.16%
ITRI	B	0.16%
JAZZ	B	0.16%
MUSA	B	0.16%
PCVX	D	0.16%
BNTX	C	0.16%
FITB	B	0.16%
WTW	B	0.16%
LSTR	B	0.15%
POOL	C	0.15%
AXP	A	0.15%
JBHT	C	0.15%
FRPT	B	0.14%
PH	A	0.14%
RMD	C	0.14%
BSY	D	0.14%
ETN	A	0.14%
PGR	A	0.14%
ENSG	D	0.14%
HALO	F	0.14%
CHDN	B	0.14%
ULTA	F	0.14%
MKTX	D	0.13%
TECH	C	0.13%
MIDD	B	0.13%
SFM	B	0.13%
MRUS	F	0.13%
WAT	B	0.13%
CYTK	F	0.13%
VEEV	B	0.13%
RGLD	D	0.13%
TTEK	F	0.13%
VMC	B	0.13%
GE	D	0.12%
VKTX	F	0.12%
ALNY	D	0.12%
LANC	C	0.12%
KRYS	C	0.12%
TWST	C	0.12%
ROIV	B	0.12%
MTD	F	0.11%
UFPT	C	0.11%
WM	A	0.11%
SHOO	D	0.11%
TROW	A	0.1%
MMYT	B	0.09%
BL	B	0.09%
DOCU	A	0.09%
LOGI	D	0.09%
HOLX	D	0.09%
TRMD	F	0.09%
CRVL	B	0.09%
CVLT	B	0.08%
CSWI	A	0.07%
BMRN	F	0.06%
ASND	D	0.05%
NWSA	B	0.05%
ACGL	D	0.05%
TW	B	0.05%
GEV	C	0.05%
CVCO	B	0.04%
APA	F	0.03%
QRVO	F	0.03%
RGEN	D	0.02%
OKTA	C	0.02%
REYN	D	0.01%
RXST	F	0.01%
TMDX	F	0.01%
ACHC	F	0.01%
LEGN	F	0.01%
ACLS	F	0.01%
APLS	D	0.01%
LNTH	D	0.01%
XRAY	F	0.01%
SRPT	F	0.01%
EXAS	F	0.01%
RPRX	D	0.01%

FTQI Underweight 26 Positions Relative to MPAY

Symbol	Grade	Weight
GLDM	D	-3.6%
IAUM	D	-3.36%
MA	B	-1.76%
UNH	B	-1.74%
HD	A	-1.74%
MRK	F	-1.53%
JNJ	D	-1.46%
AMAT	F	-1.45%
ACN	B	-1.34%
CVX	B	-1.32%
KLAC	F	-1.32%
MCD	D	-1.31%
HCA	F	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
PM	B	-1.27%
BKNG	B	-1.26%
NKE	F	-1.25%
ADP	B	-1.24%
AZO	C	-1.24%
ABNB	C	-1.23%
ABT	B	-1.23%
LMT	D	-1.23%
UPS	C	-1.22%
RTX	D	-1.19%
DELL	C	-1.02%