FVD vs. EMLP ETF Comparison

Comparison of First Trust VL Dividend (FVD) to First Trust North American Energy Infrastructure Fund (EMLP)

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

$45.07

Average Daily Volume

685,588

Number of Holdings ^*

193

* may have additional holdings in another (foreign) market

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.23

Average Daily Volume

164,271

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVD	EMLP
30 Days	1.41%	5.25%
60 Days	7.62%	11.72%
90 Days	11.68%	13.15%
12 Months	25.55%	38.19%

23 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in EMLP	Overlap
AEE	A	0.48%	0.29%	0.29%
AEP	C	0.47%	2.38%	0.47%
ATO	A	0.48%	1.78%	0.48%
CMS	A	0.48%	1.28%	0.48%
CPK	C	0.47%	0.25%	0.25%
DTE	B	0.48%	1.16%	0.48%
DTM	A	0.48%	4.05%	0.48%
DUK	C	0.47%	0.76%	0.47%
ETR	A	0.48%	1.42%	0.48%
EVRG	C	0.48%	1.21%	0.48%
EXC	C	0.48%	0.11%	0.11%
IDA	D	0.48%	0.49%	0.48%
LNT	B	0.48%	1.75%	0.48%
NFG	A	0.46%	3.01%	0.46%
NJR	C	0.47%	0.47%	0.47%
OGS	C	0.48%	1.13%	0.48%
PEG	A	0.48%	2.82%	0.48%
PPL	C	0.48%	2.57%	0.48%
SO	A	0.47%	0.5%	0.47%
SRE	C	0.47%	4.06%	0.47%
WEC	B	0.48%	1.38%	0.48%
WTRG	D	0.48%	0.62%	0.48%
XEL	C	0.48%	1.27%	0.48%

FVD Overweight 170 Positions Relative to EMLP

Symbol	Grade	Weight
RIO	B	0.53%
TSM	B	0.52%
OTIS	A	0.52%
ACN	B	0.51%
CAT	A	0.51%
PPG	D	0.51%
YUM	C	0.51%
AOS	C	0.51%
MMM	C	0.5%
AVY	D	0.5%
ADI	B	0.5%
SCL	D	0.5%
TSCO	A	0.5%
LECO	D	0.5%
DEO	C	0.5%
CMI	A	0.5%
UPS	D	0.5%
EMR	B	0.5%
NKE	D	0.5%
DLB	D	0.5%
KMB	D	0.49%
NEU	F	0.49%
CMCSA	B	0.49%
TEL	D	0.49%
T	B	0.49%
SJM	D	0.49%
BLK	A	0.49%
WSO	C	0.49%
TJX	D	0.49%
VZ	C	0.49%
BRC	C	0.49%
SLGN	B	0.49%
DOX	B	0.49%
CHRW	C	0.49%
UVV	D	0.49%
BDX	C	0.49%
MSM	D	0.49%
TROW	D	0.49%
INFY	B	0.49%
CME	A	0.49%
HD	A	0.49%
CSCO	A	0.49%
LOW	C	0.49%
IBM	A	0.49%
AZN	D	0.49%
MMS	C	0.49%
CTSH	B	0.49%
MCD	A	0.49%
HON	C	0.49%
IEX	D	0.49%
SNA	C	0.49%
JCI	C	0.49%
IOSP	F	0.49%
DCI	B	0.49%
INGR	B	0.49%
SXT	C	0.49%
HMC	D	0.49%
MS	A	0.49%
ITW	C	0.49%
SBUX	B	0.49%
TM	D	0.49%
APD	C	0.49%
TXN	C	0.49%
GNTX	D	0.49%
PEP	F	0.48%
TRV	B	0.48%
RHI	D	0.48%
KDP	C	0.48%
SWX	C	0.48%
KR	C	0.48%
PFE	D	0.48%
ADP	A	0.48%
SR	D	0.48%
GILD	A	0.48%
JNJ	D	0.48%
POR	D	0.48%
ABBV	C	0.48%
TD	B	0.48%
BK	A	0.48%
ED	C	0.48%
WM	B	0.48%
ES	D	0.48%
PAYX	B	0.48%
JPM	C	0.48%
THG	A	0.48%
CB	A	0.48%
SNY	C	0.48%
BAX	D	0.48%
NSC	C	0.48%
NVS	D	0.48%
GRMN	D	0.48%
LMT	A	0.48%
KO	C	0.48%
MDT	C	0.48%
NI	A	0.48%
REYN	D	0.48%
JKHY	A	0.48%
LANC	F	0.48%
CSX	D	0.48%
MMC	D	0.48%
MDLZ	D	0.48%
EQIX	C	0.48%
PG	D	0.48%
UNP	F	0.48%
CNI	D	0.48%
GIS	C	0.48%
FLO	D	0.48%
FAST	C	0.48%
CL	D	0.48%
BTI	D	0.48%
SIGI	D	0.48%
PINC	F	0.48%
PM	D	0.48%
AGR	C	0.48%
BAH	C	0.48%
JNPR	C	0.48%
GS	B	0.48%
WDFC	B	0.48%
G	A	0.48%
K	B	0.48%
RTX	A	0.48%
AFL	A	0.48%
MKC	C	0.48%
SEIC	B	0.48%
SON	D	0.48%
GSK	F	0.48%
SNX	C	0.48%
MO	D	0.48%
PKG	B	0.48%
ALE	A	0.48%
BMY	A	0.48%
UNH	B	0.48%
HRL	F	0.48%
DGX	D	0.48%
NWN	D	0.48%
KHC	F	0.48%
TMUS	A	0.48%
WERN	D	0.48%
AIZ	B	0.48%
JJSF	C	0.48%
BR	B	0.48%
UL	D	0.48%
POOL	D	0.48%
CAG	D	0.48%
DE	C	0.48%
MSEX	C	0.47%
GATX	F	0.47%
HII	F	0.47%
CBSH	D	0.47%
LHX	A	0.47%
GD	C	0.47%
HSY	D	0.47%
PSA	C	0.47%
OTTR	F	0.47%
CWT	D	0.47%
MRK	F	0.47%
ALL	A	0.47%
CPB	D	0.47%
HLI	A	0.47%
NDAQ	C	0.47%
CNA	D	0.47%
CALM	A	0.47%
ABT	C	0.47%
CLX	C	0.47%
NOC	B	0.47%
TAK	D	0.47%
AMGN	D	0.46%
XOM	A	0.46%
CVX	B	0.46%
AWR	B	0.46%

FVD Underweight 27 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.19%
ET	A	-6.72%
OKE	A	-5.1%
KMI	A	-4.63%
PAGP	B	-4.59%
MPLX	B	-3.87%
TRGP	A	-3.08%
PWR	A	-2.32%
WMB	A	-2.16%
LNG	A	-1.45%
VST	A	-1.24%
AES	C	-1.2%
SUN	D	-1.16%
FLR	B	-1.11%
CQP	D	-0.85%
WLKP	D	-0.82%
NEP	D	-0.82%
CNP	B	-0.66%
HESM	C	-0.66%
CWEN	C	-0.57%
AROC	B	-0.53%
D	A	-0.53%
CEG	A	-0.32%
USAC	D	-0.12%
UGI	C	-0.08%
AWK	D	-0.06%
ENLC	A	-0.0%