HSMV vs. ECLN ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to First Trust EIP Carbon Impact ETF (ECLN)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.91

Average Daily Volume

6,965

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	ECLN
30 Days	3.72%	5.35%
60 Days	5.02%	7.15%
90 Days	5.82%	11.18%
12 Months	26.13%	32.72%

7 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in ECLN	Overlap
CPK	A	0.64%	0.46%	0.46%
DTM	A	1.97%	6.56%	1.97%
IDA	A	1.59%	2.28%	1.59%
NFG	A	1.14%	2.6%	1.14%
NJR	A	1.19%	0.18%	0.18%
OGE	A	1.57%	0.66%	0.66%
OGS	A	0.69%	2.05%	0.69%

HSMV Overweight 140 Positions Relative to ECLN

Symbol	Grade	Weight
ATR	B	2.16%
SEIC	B	1.86%
INGR	C	1.74%
ORI	A	1.69%
CACI	D	1.62%
CTRE	C	1.53%
POST	C	1.53%
MSGS	A	1.41%
RLI	A	1.38%
DCI	B	1.34%
ADC	A	1.29%
FHI	B	1.23%
AMH	C	1.21%
AM	A	1.19%
CHE	D	1.15%
FLO	D	1.12%
OHI	C	1.11%
NWE	B	1.09%
AFG	A	1.08%
POR	C	1.06%
GGG	B	1.02%
MMS	F	1.01%
NNN	C	0.99%
GNTX	C	0.98%
NYT	D	0.97%
GLPI	C	0.96%
EHC	B	0.92%
KBR	F	0.91%
DLB	B	0.88%
BKH	A	0.87%
FCPT	C	0.82%
ELS	C	0.81%
MSA	F	0.81%
CBSH	B	0.81%
EPR	C	0.79%
LSTR	D	0.78%
IDCC	B	0.77%
PRI	B	0.76%
LOPE	C	0.76%
ENSG	C	0.75%
EFC	C	0.75%
PBH	A	0.74%
PECO	A	0.73%
SF	B	0.73%
AWR	B	0.72%
CW	C	0.72%
AVA	A	0.72%
CDP	C	0.67%
RNR	C	0.66%
ESNT	F	0.66%
SLGN	A	0.66%
RPM	A	0.66%
RGA	A	0.65%
JHG	B	0.65%
AGO	B	0.64%
EGP	D	0.63%
EPRT	B	0.63%
AMG	B	0.62%
SCI	B	0.61%
MDU	D	0.61%
PRGS	A	0.59%
SBRA	C	0.58%
FELE	B	0.57%
ACM	B	0.57%
GATX	A	0.56%
COLM	C	0.55%
RS	B	0.55%
CHH	A	0.55%
MTG	C	0.54%
NMIH	C	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	C	0.51%
FCN	F	0.5%
AVT	C	0.5%
LANC	C	0.49%
FNF	B	0.49%
EPC	F	0.49%
BRX	A	0.47%
MSM	C	0.47%
BWXT	B	0.47%
MUSA	B	0.46%
ARW	D	0.46%
CHDN	B	0.45%
JEF	A	0.45%
PFGC	B	0.45%
CNO	B	0.44%
SAIC	F	0.44%
PB	B	0.44%
FR	D	0.44%
LAMR	C	0.43%
BLKB	B	0.42%
ENR	B	0.42%
RYN	D	0.41%
CLH	C	0.4%
RDN	D	0.39%
EXEL	B	0.39%
ITT	A	0.38%
FNB	A	0.38%
FAF	A	0.38%
BJ	A	0.37%
ABM	B	0.37%
EVR	B	0.36%
G	B	0.36%
ASH	F	0.36%
GPK	C	0.36%
IOSP	C	0.36%
JAZZ	B	0.35%
LXP	D	0.35%
COOP	B	0.35%
LECO	C	0.35%
JJSF	C	0.33%
RGLD	C	0.33%
CSL	C	0.33%
MAN	F	0.32%
ONB	C	0.32%
KEX	B	0.31%
R	B	0.3%
OSK	C	0.29%
MTN	C	0.29%
ALV	C	0.29%
KFY	B	0.29%
AGCO	D	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
PLXS	B	0.27%
ORA	B	0.27%
HRB	D	0.26%
LFUS	D	0.25%
CASY	A	0.25%
LII	A	0.25%
CUBE	C	0.24%
AIN	C	0.24%
HXL	F	0.23%
FSS	B	0.23%
IRT	A	0.22%
CRI	F	0.21%
PCH	F	0.19%
REXR	F	0.19%
NSA	C	0.13%

HSMV Underweight 33 Positions Relative to ECLN

Symbol	Grade	Weight
TRGP	A	-5.36%
SRE	A	-4.29%
ATO	A	-4.01%
XEL	A	-3.71%
WMB	A	-3.57%
PPL	A	-3.52%
AEP	C	-3.48%
WEC	A	-3.27%
PEG	A	-3.1%
LNT	A	-2.88%
CQP	B	-2.84%
CMS	C	-2.83%
CWEN	C	-2.63%
DTE	C	-2.43%
EVRG	A	-2.37%
PWR	A	-2.21%
AES	F	-1.95%
LNG	A	-1.95%
VST	A	-1.84%
FLR	B	-1.31%
ETR	B	-1.18%
DUK	C	-1.0%
CEG	C	-0.96%
SO	C	-0.95%
NEP	F	-0.65%
WTRG	B	-0.64%
GNRC	C	-0.6%
D	C	-0.51%
CNP	A	-0.41%
AWK	C	-0.35%
AEE	A	-0.33%
J	D	-0.23%
EIX	B	-0.18%