FVD vs. SIZE ETF Comparison

Comparison of First Trust VL Dividend (FVD) to iShares MSCI USA Size Factor (SIZE)

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

$46.00

Average Daily Volume

501,497

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

SIZE

iShares MSCI USA Size Factor

SIZE Description

The investment seeks to track the performance of MSCI USA Risk Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Risk Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$155.21

Average Daily Volume

4,217

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVD	SIZE
30 Days	2.13%	4.15%
60 Days	3.94%	8.83%
90 Days	8.00%	12.52%
12 Months	26.15%	36.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in FVD	Weight in SIZE	Overlap

FVD Overweight 200 Positions Relative to SIZE

Symbol	Grade	Weight
GRMN	B	0.58%
BAH	B	0.53%
PM	C	0.52%
LANC	B	0.51%
ABBV	B	0.51%
RHI	C	0.5%
GNTX	D	0.5%
SEIC	B	0.5%
DGX	B	0.5%
TXN	A	0.5%
GATX	B	0.5%
EQIX	B	0.49%
TM	F	0.49%
CBSH	A	0.49%
CMCSA	B	0.49%
PKG	B	0.49%
IEX	B	0.49%
DTM	A	0.49%
BMY	C	0.48%
WTW	B	0.48%
PSA	D	0.48%
SCL	C	0.48%
GS	B	0.48%
WM	B	0.48%
RIO	C	0.48%
OTTR	D	0.48%
POOL	B	0.48%
T	B	0.48%
NDAQ	B	0.48%
NSC	B	0.48%
UPS	D	0.48%
ADI	D	0.48%
SLGN	B	0.48%
PINC	B	0.48%
SNA	A	0.48%
WDFC	B	0.48%
ITW	B	0.48%
GILD	B	0.48%
NEU	D	0.48%
UVV	C	0.48%
MO	B	0.48%
UL	D	0.47%
LHX	A	0.47%
JCI	A	0.47%
KR	A	0.47%
NDSN	C	0.47%
ES	D	0.47%
THG	A	0.47%
MDLZ	F	0.47%
GIS	F	0.47%
JNPR	C	0.47%
NJR	C	0.47%
XEL	B	0.47%
MDT	C	0.47%
EXPD	D	0.47%
DE	C	0.47%
G	B	0.47%
CMI	B	0.47%
ALE	A	0.47%
ETR	B	0.47%
MMC	C	0.47%
YUM	C	0.47%
MSM	C	0.47%
K	A	0.47%
SNY	D	0.47%
AMGN	C	0.47%
CSX	B	0.47%
MS	B	0.47%
CAG	F	0.47%
JJSF	B	0.47%
INGR	B	0.47%
WERN	B	0.47%
MKC	D	0.47%
SWX	B	0.47%
MMS	C	0.47%
BK	B	0.47%
PNW	B	0.47%
CPK	B	0.47%
AGR	C	0.47%
CME	B	0.47%
PAYX	A	0.47%
SON	F	0.47%
SXT	B	0.47%
BTI	D	0.47%
AIZ	A	0.47%
NI	A	0.47%
JPM	B	0.47%
ADP	A	0.47%
CHRW	B	0.47%
FAST	B	0.47%
SBUX	B	0.47%
HMC	F	0.47%
RTX	C	0.46%
GSK	F	0.46%
DTE	D	0.46%
BR	A	0.46%
CAT	B	0.46%
XOM	B	0.46%
NFG	C	0.46%
AWR	B	0.46%
AEP	D	0.46%
SR	D	0.46%
CNA	D	0.46%
NWE	D	0.46%
PPG	F	0.46%
DOX	A	0.46%
CLX	B	0.46%
CALM	B	0.46%
AFL	D	0.46%
TJX	C	0.46%
OGS	C	0.46%
HRL	F	0.46%
CNI	F	0.46%
GD	B	0.46%
ABT	B	0.46%
POR	D	0.46%
PEG	D	0.46%
PG	D	0.46%
EXC	D	0.46%
FLO	F	0.46%
BAX	F	0.46%
TROW	B	0.46%
DCI	A	0.46%
CVX	B	0.46%
EVRG	B	0.46%
TAK	F	0.46%
AEE	A	0.46%
ATO	A	0.46%
TD	D	0.46%
CSCO	A	0.46%
BKH	C	0.46%
ALL	B	0.46%
BDX	F	0.46%
SRE	A	0.46%
EIX	D	0.46%
IDA	A	0.46%
TGT	F	0.46%
STZ	F	0.46%
PPL	B	0.46%
CMS	D	0.46%
UNH	B	0.46%
MRK	F	0.46%
PFE	F	0.46%
LECO	C	0.46%
JNJ	D	0.46%
SNX	B	0.46%
IOSP	B	0.46%
EMR	B	0.46%
CPB	D	0.46%
NWN	B	0.46%
DLB	C	0.46%
SIGI	B	0.45%
KO	D	0.45%
NVS	D	0.45%
PEP	F	0.45%
SJM	D	0.45%
KHC	F	0.45%
DUK	D	0.45%
INFY	D	0.45%
CB	D	0.45%
CL	F	0.45%
NOC	C	0.45%
HLI	B	0.45%
HII	F	0.45%
WTRG	B	0.45%
HSY	F	0.45%
CWT	D	0.45%
AWK	D	0.45%
MSEX	B	0.45%
BRC	B	0.45%
TRV	B	0.45%
TSM	B	0.45%
SO	D	0.45%
WSO	B	0.45%
AVY	F	0.45%
AOS	F	0.45%
WEC	B	0.45%
HD	B	0.45%
UNP	D	0.45%
LNT	D	0.45%
ED	D	0.45%
CTSH	B	0.45%
MCD	D	0.44%
OTIS	B	0.44%
DEO	F	0.44%
KMB	D	0.44%
SJW	D	0.44%
NKE	F	0.44%
AZN	F	0.44%
APD	B	0.44%
LOW	B	0.44%
VZ	D	0.44%
MMM	C	0.44%
TSCO	C	0.43%
ACN	C	0.43%
HON	B	0.43%
REYN	F	0.43%
IBM	D	0.42%
LMT	D	0.42%
KDP	F	0.42%

FVD Underweight 10 Positions Relative to SIZE

Symbol	Grade	Weight
ALNY	B	-0.3%
PLTR	A	-0.27%
APP	B	-0.25%
Z	B	-0.25%
TPL	B	-0.24%
GEV	A	-0.24%
AXON	B	-0.23%
BURL	C	-0.23%
IRM	C	-0.23%
BBY	D	-0.23%