HSMV vs. FRI ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to First Trust S&P REIT Index Fund (FRI)

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

$36.37

Average Daily Volume

1,241

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI 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 S&P United States REIT Index. 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 subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.75

Average Daily Volume

67,042

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	FRI
30 Days	2.27%	6.24%
60 Days	4.39%	9.90%
90 Days	9.34%	16.26%
12 Months	19.61%	25.14%

23 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in FRI	Overlap
ADC	C	0.63%	0.62%	0.62%
AMH	C	0.52%	1.07%	0.52%
BRX	B	0.59%	0.68%	0.59%
CTRE	B	0.58%	0.36%	0.36%
CUBE	B	0.78%	0.99%	0.78%
EGP	B	0.56%	0.73%	0.56%
ELS	C	0.59%	1.15%	0.59%
EPR	B	0.55%	0.3%	0.3%
EPRT	A	0.58%	0.47%	0.47%
FCPT	A	0.59%	0.22%	0.22%
FR	C	0.58%	0.6%	0.58%
GLPI	B	0.58%	1.16%	0.58%
IRT	B	0.37%	0.38%	0.37%
LXP	B	0.72%	0.24%	0.24%
NNN	B	0.57%	0.73%	0.57%
NSA	B	0.42%	0.27%	0.27%
OHI	A	0.62%	0.82%	0.62%
PECO	B	0.55%	0.38%	0.38%
REXR	C	0.53%	0.88%	0.53%
ROIC	B	0.54%	0.16%	0.16%
SBRA	B	0.59%	0.35%	0.35%
STAG	C	0.55%	0.59%	0.55%
WPC	B	0.53%	1.12%	0.53%

HSMV Overweight 173 Positions Relative to FRI

Symbol	Grade	Weight
IDCC	B	0.7%
CVLT	B	0.69%
UTHR	C	0.68%
CPK	B	0.67%
EVR	B	0.67%
HRB	C	0.64%
FAF	B	0.64%
GMED	D	0.64%
SFM	B	0.63%
PLXS	B	0.62%
NMIH	B	0.61%
ENSG	C	0.61%
JEF	B	0.61%
INVA	B	0.6%
G	C	0.59%
MTG	B	0.58%
MUSA	C	0.58%
CLH	B	0.58%
AWR	B	0.57%
EXP	B	0.57%
JJSF	C	0.57%
CNO	B	0.57%
NYT	C	0.57%
TTEK	C	0.57%
BCPC	C	0.57%
PRI	B	0.56%
ESNT	B	0.56%
ORI	A	0.56%
DTM	B	0.56%
EXEL	B	0.56%
INGR	A	0.56%
ACHC	C	0.55%
CW	B	0.55%
BJ	D	0.55%
EME	B	0.55%
CACI	B	0.55%
FNF	A	0.55%
OGE	B	0.55%
CASY	D	0.55%
LFUS	D	0.55%
NFG	B	0.54%
SWX	C	0.54%
CSL	C	0.54%
KFY	B	0.54%
RDN	B	0.54%
EFC	B	0.54%
PRGS	C	0.54%
CWT	C	0.54%
POR	B	0.53%
USFD	B	0.53%
MAT	C	0.53%
THG	A	0.53%
LII	B	0.53%
UNF	B	0.53%
PNM	B	0.53%
JHG	B	0.53%
MCRI	B	0.52%
OGS	B	0.52%
SR	B	0.52%
VRRM	D	0.52%
WTRG	D	0.52%
SCI	B	0.52%
NWE	A	0.52%
EHC	B	0.52%
MTN	D	0.52%
IDA	B	0.52%
COOP	B	0.52%
BKH	B	0.52%
RPM	B	0.52%
RGA	B	0.52%
RNR	B	0.51%
AIN	D	0.51%
MSGS	B	0.51%
MMS	D	0.51%
RLI	B	0.51%
ALE	A	0.51%
AVA	B	0.51%
POST	C	0.51%
NSIT	C	0.51%
NJR	B	0.51%
PCH	C	0.5%
LOPE	D	0.5%
WERN	D	0.5%
SF	A	0.5%
FHI	A	0.5%
GATX	D	0.5%
SLGN	B	0.5%
AFG	B	0.5%
GPK	B	0.5%
NBIX	F	0.5%
LANC	D	0.5%
LSTR	D	0.49%
VOYA	A	0.49%
MOG.A	B	0.49%
RYN	C	0.49%
SAIC	C	0.49%
WU	D	0.49%
ATR	B	0.49%
WH	B	0.49%
PFGC	B	0.49%
COLM	B	0.49%
AMG	C	0.49%
CBSH	C	0.49%
KEX	C	0.49%
TXRH	D	0.48%
KNX	C	0.48%
AM	B	0.48%
SEIC	B	0.48%
MDU	B	0.48%
ACM	B	0.48%
PBH	B	0.48%
CHH	C	0.48%
CHE	C	0.48%
FSS	D	0.47%
BWXT	D	0.47%
AVT	D	0.47%
ITT	C	0.47%
MIDD	C	0.47%
CRI	C	0.47%
GGG	C	0.47%
LAMR	A	0.46%
EPC	F	0.46%
DCI	D	0.46%
FLS	D	0.46%
FNB	D	0.46%
ARW	C	0.46%
AGO	C	0.46%
FLO	C	0.45%
SON	C	0.45%
CHDN	C	0.45%
WTS	C	0.45%
MAN	C	0.44%
KBR	D	0.44%
RS	D	0.44%
SNX	D	0.44%
FELE	C	0.44%
R	B	0.44%
VVV	D	0.43%
MSA	C	0.43%
CRUS	D	0.42%
AGCO	D	0.42%
SIGI	C	0.42%
RGLD	B	0.42%
HXL	F	0.42%
ASH	D	0.42%
PB	B	0.41%
NVT	D	0.41%
TNC	D	0.41%
DLB	D	0.41%
IOSP	D	0.41%
GNTX	F	0.4%
OSK	D	0.4%
MSM	D	0.4%
ENR	F	0.39%
EVTC	D	0.39%
JAZZ	D	0.39%
WEN	C	0.39%
ALV	F	0.37%
LECO	F	0.37%
VNT	D	0.37%
ENOV	F	0.34%
AIR	C	0.33%
ONB	C	0.32%
EXPO	B	0.32%
ABM	D	0.32%
ORA	C	0.32%
CCOI	C	0.31%
FCN	C	0.3%
BLKB	B	0.3%
GO	F	0.25%
PDCO	F	0.23%
PZZA	D	0.22%
LEG	D	0.18%

HSMV Underweight 101 Positions Relative to FRI

Symbol	Grade	Weight
PLD	C	-9.89%
EQIX	B	-6.76%
WELL	B	-6.31%
PSA	B	-4.65%
O	B	-4.45%
SPG	B	-4.37%
DLR	B	-4.27%
EXR	B	-3.08%
VICI	C	-2.87%
IRM	B	-2.8%
AVB	B	-2.7%
EQR	B	-2.19%
VTR	C	-2.16%
INVH	C	-1.71%
ESS	B	-1.63%
ARE	B	-1.57%
MAA	B	-1.57%
SUI	B	-1.48%
DOC	C	-1.29%
KIM	B	-1.29%
UDR	B	-1.16%
CPT	B	-1.07%
REG	C	-1.0%
HST	D	-0.99%
BXP	B	-0.93%
FRT	C	-0.71%
COLD	D	-0.63%
TRNO	C	-0.54%
RHP	D	-0.5%
KRG	B	-0.48%
VNO	B	-0.47%
CUZ	B	-0.36%
SLG	B	-0.36%
NHI	A	-0.32%
KRC	B	-0.31%
MAC	B	-0.29%
IIPR	B	-0.29%
MPW	C	-0.28%
HIW	B	-0.28%
BNL	B	-0.28%
SKT	B	-0.28%
APLE	D	-0.26%
PK	D	-0.24%
DEI	B	-0.22%
UE	B	-0.21%
AKR	C	-0.19%
EQC	B	-0.18%
SHO	D	-0.17%
IVT	B	-0.16%
DRH	C	-0.15%
GNL	B	-0.14%
PEB	D	-0.13%
GTY	B	-0.13%
LTC	B	-0.13%
ALEX	B	-0.12%
JBGS	B	-0.12%
AAT	B	-0.11%
UMH	C	-0.11%
XHR	C	-0.11%
ESRT	B	-0.11%
RLJ	D	-0.11%
DEA	B	-0.11%
PDM	B	-0.1%
AIV	B	-0.1%
NTST	D	-0.1%
UNIT	C	-0.1%
NXRT	B	-0.09%
CSR	B	-0.09%
AHH	B	-0.07%
PGRE	C	-0.07%
PLYM	D	-0.07%
BDN	B	-0.07%
INN	C	-0.06%
DHC	B	-0.06%
SVC	F	-0.06%
UHT	B	-0.05%
GMRE	C	-0.05%
HPP	D	-0.05%
WSR	D	-0.05%
GOOD	B	-0.05%
CBL	D	-0.05%
OLP	B	-0.04%
FPI	D	-0.04%
LAND	C	-0.04%
PKST	C	-0.04%
ALX	B	-0.04%
BFS	C	-0.04%
PSTL	B	-0.03%
CTO	C	-0.03%
CLDT	D	-0.03%
CHCT	F	-0.03%
NXDT	C	-0.02%
BRT	B	-0.02%
PINE	C	-0.02%
CIO	B	-0.02%
ILPT	C	-0.02%
CLPR	B	-0.01%
OPI	F	-0.01%
FSP	D	-0.01%
BHR	D	-0.01%
AHT	F	-0.0%