FWD vs. FCTR ETF Comparison

Comparison of AB Disruptors ETF (FWD) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$81.72

Average Daily Volume

19,575

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR 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 Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.56

Average Daily Volume

7,916

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	FWD	FCTR
30 Days	3.20%	5.33%
60 Days	7.97%	10.78%
90 Days	7.75%	16.42%
12 Months	45.06%	33.50%

31 Overlapping Holdings

Symbol	Grade	Weight in FWD	Weight in FCTR	Overlap
AAPL	C	0.73%	0.65%	0.65%
ADBE	C	0.73%	0.39%	0.39%
ANET	C	1.59%	1.29%	1.29%
APO	B	1.05%	1.04%	1.04%
AVGO	C	1.51%	0.47%	0.47%
BKNG	A	0.61%	0.3%	0.3%
BSX	A	1.49%	0.47%	0.47%
BSY	F	0.49%	0.4%	0.4%
CRWD	B	1.08%	0.66%	0.66%
DASH	A	1.05%	0.48%	0.48%
DDOG	B	0.95%	0.51%	0.51%
ETN	B	1.09%	0.3%	0.3%
HUBS	B	0.66%	0.56%	0.56%
HWM	B	1.18%	0.76%	0.76%
ISRG	A	1.59%	0.91%	0.91%
LLY	F	0.83%	0.79%	0.79%
MDB	C	0.91%	0.41%	0.41%
META	B	1.44%	0.47%	0.47%
MPWR	F	0.42%	0.36%	0.36%
MSFT	C	0.69%	0.37%	0.37%
NFLX	A	1.45%	0.44%	0.44%
NOW	A	0.56%	0.52%	0.52%
NVDA	A	5.44%	0.78%	0.78%
ORCL	A	2.12%	0.51%	0.51%
PLTR	B	1.26%	2.35%	1.26%
RBLX	B	0.75%	0.52%	0.52%
SNPS	C	0.73%	0.45%	0.45%
SYK	A	0.78%	1.37%	0.78%
TT	B	1.03%	0.82%	0.82%
TTD	B	1.14%	0.62%	0.62%
VST	B	2.21%	1.72%	1.72%

FWD Overweight 51 Positions Relative to FCTR

Symbol	Grade	Weight
TSLA	B	2.9%
GEV	B	2.07%
VRT	B	1.63%
TXN	B	1.5%
SHOP	B	1.39%
AMZN	A	1.36%
MRVL	B	1.23%
FTNT	B	1.2%
EPAM	B	1.17%
SPOT	A	1.17%
COHR	C	1.12%
MU	D	1.04%
ON	F	1.01%
IOT	B	1.01%
LRCX	F	0.98%
CAT	B	0.97%
LSCC	D	0.96%
ARM	D	0.96%
TER	F	0.94%
TEAM	B	0.94%
AMAT	F	0.93%
MELI	D	0.86%
WAB	B	0.85%
BKR	B	0.84%
GWRE	A	0.78%
CIEN	B	0.76%
NEE	D	0.74%
MNDY	C	0.73%
ABBV	F	0.71%
AMD	F	0.7%
LITE	B	0.68%
SLAB	F	0.65%
ADI	D	0.64%
ILMN	C	0.62%
TMO	F	0.6%
AFRM	B	0.59%
CRL	C	0.55%
GOOGL	C	0.53%
FROG	C	0.52%
UBER	F	0.52%
RDDT	B	0.51%
ABT	C	0.5%
RGEN	C	0.48%
IQV	F	0.47%
MEDP	D	0.46%
IPGP	C	0.45%
ABNB	C	0.45%
FCX	F	0.41%
PI	D	0.41%
Z	B	0.4%
CALX	F	0.01%

FWD Underweight 134 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.4%
MSI	B	-1.75%
MSTR	B	-1.55%
FICO	B	-1.54%
PAYX	B	-1.49%
AXON	B	-1.42%
MA	B	-1.41%
BR	A	-1.39%
V	A	-1.36%
ADP	A	-1.13%
CTAS	B	-1.08%
TDG	D	-1.04%
ARES	B	-1.03%
LDOS	C	-0.99%
CL	F	-0.98%
BRO	B	-0.97%
YUM	B	-0.96%
VRSK	A	-0.94%
ROL	C	-0.93%
FDS	A	-0.92%
FI	A	-0.91%
THC	B	-0.88%
VRSN	C	-0.88%
ITW	B	-0.86%
ACGL	C	-0.84%
HOOD	B	-0.84%
SYY	D	-0.81%
ICE	C	-0.78%
EME	B	-0.77%
TPL	B	-0.73%
MANH	C	-0.73%
TRGP	B	-0.7%
KKR	B	-0.68%
MCD	C	-0.66%
PH	A	-0.63%
VICI	D	-0.61%
TJX	A	-0.6%
IRM	D	-0.6%
RCL	A	-0.57%
NET	B	-0.55%
MMC	D	-0.55%
ZS	B	-0.55%
NI	A	-0.54%
SBAC	D	-0.54%
TOL	B	-0.53%
CDNS	B	-0.53%
FAST	B	-0.53%
KO	F	-0.52%
PANW	B	-0.51%
PG	C	-0.51%
PPL	A	-0.5%
PGR	A	-0.5%
TTWO	A	-0.5%
ETR	B	-0.5%
LNG	B	-0.5%
DRI	B	-0.5%
MSCI	B	-0.5%
DUK	D	-0.49%
SNOW	C	-0.49%
SRE	B	-0.49%
FE	D	-0.49%
LNT	C	-0.48%
ROST	D	-0.48%
LMT	D	-0.48%
ALNY	D	-0.47%
WEC	B	-0.47%
SPGI	C	-0.47%
DPZ	C	-0.46%
CMS	D	-0.46%
ORLY	A	-0.45%
AEE	B	-0.45%
NOC	D	-0.44%
KDP	C	-0.44%
SO	D	-0.44%
ERIE	F	-0.44%
ROP	A	-0.43%
AVB	B	-0.43%
URI	B	-0.43%
EIX	C	-0.42%
ADSK	B	-0.42%
ED	D	-0.42%
PHM	D	-0.42%
BDX	F	-0.41%
MDT	D	-0.41%
AFL	C	-0.41%
O	D	-0.41%
PPG	F	-0.41%
GLPI	D	-0.41%
EQR	C	-0.4%
MCO	C	-0.4%
DTE	D	-0.4%
INTU	A	-0.4%
VRTX	B	-0.4%
LW	B	-0.39%
AEP	D	-0.39%
EXC	C	-0.39%
DXCM	C	-0.39%
CARR	C	-0.38%
KMB	D	-0.38%
LII	B	-0.37%
AWK	D	-0.37%
GIS	F	-0.36%
NVR	D	-0.36%
PWR	B	-0.36%
OKE	A	-0.35%
CSL	B	-0.35%
BX	A	-0.35%
HCA	D	-0.35%
DHI	D	-0.34%
RIVN	F	-0.34%
KLAC	F	-0.34%
COST	B	-0.34%
AMT	F	-0.33%
PSA	D	-0.33%
IDXX	F	-0.32%
FCNCA	B	-0.3%
GWW	B	-0.29%
ATO	B	-0.27%
CPAY	A	-0.26%
HON	B	-0.25%
CSCO	A	-0.25%
CB	C	-0.24%
RSG	B	-0.24%
BRK.A	B	-0.24%
AME	A	-0.23%
WM	A	-0.23%
CHD	A	-0.22%
CMG	B	-0.22%
MDLZ	F	-0.2%
MNST	B	-0.2%
PCAR	B	-0.2%
PEP	D	-0.2%
HSY	F	-0.19%
LECO	C	-0.18%