FVD vs. ACWV ETF Comparison

Comparison of First Trust VL Dividend (FVD) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). 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 a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	FVD	ACWV
30 Days	1.87%	0.32%
60 Days	2.34%	-0.25%
90 Days	4.86%	1.23%
12 Months	22.35%	18.77%

57 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in ACWV	Overlap
ABBV	D	0.42%	0.49%	0.42%
ABT	B	0.46%	0.1%	0.1%
ACN	C	0.45%	0.26%	0.26%
AEE	A	0.47%	0.11%	0.11%
AEP	D	0.44%	0.07%	0.07%
AIZ	A	0.52%	0.13%	0.13%
AMGN	D	0.43%	0.34%	0.34%
BAH	F	0.44%	0.37%	0.37%
BDX	F	0.44%	0.22%	0.22%
BMY	B	0.52%	0.25%	0.25%
CAG	D	0.43%	0.05%	0.05%
CB	C	0.45%	0.88%	0.45%
CHRW	C	0.48%	0.06%	0.06%
CL	D	0.43%	0.35%	0.35%
CME	A	0.46%	0.23%	0.23%
CMS	C	0.44%	0.16%	0.16%
CPB	D	0.44%	0.22%	0.22%
CSCO	B	0.48%	1.57%	0.48%
CTSH	B	0.49%	0.21%	0.21%
DGX	A	0.49%	0.15%	0.15%
DUK	C	0.43%	0.81%	0.43%
ED	D	0.42%	0.84%	0.42%
GD	F	0.44%	0.18%	0.18%
GILD	C	0.5%	0.48%	0.48%
GIS	D	0.44%	0.61%	0.44%
HRL	D	0.45%	0.23%	0.23%
HSY	F	0.45%	0.44%	0.44%
IBM	C	0.42%	0.73%	0.42%
JNJ	D	0.43%	1.05%	0.43%
JNPR	F	0.45%	0.32%	0.32%
K	A	0.46%	0.57%	0.46%
KDP	D	0.42%	0.36%	0.36%
KHC	F	0.42%	0.33%	0.33%
KMB	D	0.42%	0.3%	0.3%
KO	D	0.42%	0.05%	0.05%
KR	B	0.49%	0.83%	0.49%
LMT	D	0.41%	0.23%	0.23%
MCD	D	0.44%	1.02%	0.44%
MDLZ	F	0.43%	0.25%	0.25%
MMC	B	0.46%	0.88%	0.46%
MRK	F	0.43%	1.06%	0.43%
NOC	D	0.44%	0.77%	0.44%
PEP	F	0.44%	1.08%	0.44%
PG	A	0.46%	0.82%	0.46%
SJM	D	0.43%	0.27%	0.27%
SO	D	0.44%	0.8%	0.44%
T	A	0.48%	0.26%	0.26%
TJX	A	0.48%	0.37%	0.37%
TRV	B	0.46%	0.32%	0.32%
UNH	C	0.48%	0.83%	0.48%
VZ	C	0.43%	0.76%	0.43%
WEC	A	0.45%	0.68%	0.45%
WM	A	0.49%	1.5%	0.49%
WTW	B	0.5%	0.1%	0.1%
XEL	A	0.51%	0.11%	0.11%
XOM	B	0.47%	0.1%	0.1%
YUM	B	0.47%	0.24%	0.24%

FVD Overweight 144 Positions Relative to ACWV

Symbol	Grade	Weight
GRMN	B	0.59%
GATX	A	0.54%
G	B	0.54%
EMR	A	0.54%
CBSH	A	0.54%
GS	A	0.53%
DTM	B	0.53%
PINC	B	0.53%
RHI	B	0.53%
INGR	B	0.52%
MS	A	0.52%
IDA	A	0.52%
SEIC	B	0.52%
MO	A	0.52%
ETR	B	0.51%
CMI	A	0.51%
IOSP	B	0.51%
IEX	B	0.51%
SNA	A	0.51%
JCI	C	0.51%
SRE	A	0.5%
NSC	B	0.5%
WSO	A	0.5%
HLI	B	0.5%
LANC	C	0.5%
CVX	A	0.5%
CMCSA	B	0.5%
UVV	B	0.5%
PKG	A	0.5%
WERN	C	0.5%
PM	B	0.5%
WDFC	B	0.5%
JPM	A	0.5%
ITW	B	0.49%
BLK	C	0.49%
CPK	A	0.49%
NEU	C	0.49%
SLGN	A	0.49%
NDAQ	A	0.49%
TROW	B	0.49%
TXN	C	0.49%
FAST	B	0.49%
CSX	B	0.49%
THG	A	0.49%
BK	A	0.48%
OTTR	C	0.48%
DCI	B	0.48%
TM	D	0.48%
EVRG	A	0.48%
SBUX	A	0.48%
GNTX	C	0.48%
NI	A	0.48%
SCL	C	0.48%
CLX	B	0.48%
PAYX	C	0.48%
BKH	A	0.48%
SWX	B	0.48%
BTI	B	0.48%
MSM	C	0.48%
LECO	B	0.48%
ADP	B	0.48%
PNW	B	0.48%
BR	A	0.48%
HON	B	0.48%
BRC	D	0.47%
AGR	B	0.47%
ALE	A	0.47%
NWN	A	0.47%
OGS	A	0.47%
EXPD	D	0.47%
UPS	C	0.47%
STZ	D	0.47%
SXT	B	0.47%
NDSN	B	0.47%
NJR	A	0.47%
PPL	B	0.47%
ATO	A	0.47%
ALL	A	0.47%
MSEX	B	0.47%
TGT	F	0.47%
EQIX	A	0.47%
SIGI	C	0.47%
UNP	C	0.46%
CNI	D	0.46%
MMM	D	0.46%
INFY	B	0.46%
DLB	B	0.46%
AWR	B	0.46%
NWE	B	0.46%
CAT	B	0.46%
CALM	A	0.46%
SR	A	0.46%
POOL	C	0.46%
HD	A	0.46%
TD	F	0.46%
PSA	D	0.46%
JJSF	B	0.46%
LHX	C	0.46%
SNX	C	0.45%
PPG	F	0.45%
TAK	F	0.45%
MKC	D	0.45%
SON	D	0.45%
PEG	A	0.45%
NFG	A	0.45%
FLO	D	0.45%
LNT	A	0.45%
DE	A	0.45%
EIX	B	0.45%
CNA	B	0.45%
AFL	B	0.45%
LOW	D	0.45%
AWK	D	0.44%
ADI	D	0.44%
TSCO	D	0.44%
CWT	D	0.44%
EXC	C	0.44%
RTX	C	0.44%
MDT	D	0.44%
OTIS	C	0.44%
POR	C	0.44%
WTRG	B	0.44%
DOX	D	0.44%
APD	A	0.44%
MMS	F	0.43%
UL	D	0.43%
REYN	D	0.43%
AVY	D	0.43%
AOS	F	0.43%
NKE	D	0.43%
ES	D	0.43%
RIO	D	0.43%
DTE	C	0.43%
TSM	B	0.43%
NVS	D	0.42%
PFE	D	0.42%
GSK	F	0.42%
SJW	D	0.42%
DEO	F	0.41%
SNY	F	0.41%
BAX	D	0.4%
AZN	D	0.39%
HMC	F	0.39%
HII	D	0.35%

FVD Underweight 82 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-2.03%
MSI	B	-1.88%
WMT	A	-1.82%
MCK	B	-1.42%
ROP	B	-1.36%
RSG	A	-1.19%
VRTX	F	-1.13%
COR	B	-1.05%
BRK.A	B	-0.91%
PGR	A	-0.84%
AZO	C	-0.77%
MSFT	F	-0.76%
GDDY	A	-0.64%
EA	A	-0.63%
ORLY	B	-0.62%
REGN	F	-0.61%
V	A	-0.59%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	A	-0.54%
ORCL	B	-0.54%
LLY	F	-0.52%
FI	A	-0.48%
CHD	B	-0.46%
MKL	A	-0.43%
ELV	F	-0.42%
WRB	A	-0.41%
KEYS	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
CHT	D	-0.37%
FFIV	B	-0.36%
VRSN	F	-0.35%
AON	A	-0.35%
AJG	B	-0.33%
TSN	B	-0.32%
NBIX	C	-0.31%
HUM	C	-0.31%
BRO	B	-0.3%
GEN	B	-0.3%
AKAM	D	-0.27%
ERIE	D	-0.26%
CF	B	-0.25%
CI	F	-0.24%
FCNCA	A	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
MA	C	-0.19%
BMRN	D	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
LNG	B	-0.16%
ULTA	F	-0.16%
MPC	D	-0.15%
WIT	A	-0.12%
CTVA	C	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
EG	C	-0.1%
WDAY	B	-0.1%
PCG	A	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
TRGP	B	-0.08%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%