HSMV vs. FVD ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to First Trust VL Dividend (FVD)

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

$34.11

Average Daily Volume

1,083

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

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

$41.39

Average Daily Volume

822,365

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	FVD
30 Days	3.47%	1.20%
60 Days	0.27%	-0.92%
90 Days	5.04%	3.23%
12 Months	8.60%	5.16%

32 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in FVD	Overlap
ALE	C	0.53%	0.49%	0.49%
AWR	C	0.52%	0.49%	0.49%
CBSH	B	0.48%	0.51%	0.48%
CPK	C	0.63%	0.5%	0.5%
CWT	C	0.5%	0.49%	0.49%
DCI	D	0.49%	0.49%	0.49%
DLB	D	0.51%	0.5%	0.5%
DTM	B	0.56%	0.5%	0.5%
FLO	F	0.45%	0.48%	0.45%
G	D	0.52%	0.5%	0.5%
GATX	A	0.53%	0.5%	0.5%
GGG	D	0.49%	0.5%	0.49%
GNTX	C	0.49%	0.49%	0.49%
IDA	C	0.49%	0.5%	0.49%
INGR	D	0.5%	0.49%	0.49%
JJSF	C	0.61%	0.49%	0.49%
LANC	D	0.58%	0.5%	0.5%
LECO	F	0.42%	0.49%	0.42%
MMS	B	0.53%	0.48%	0.48%
MSM	F	0.43%	0.49%	0.43%
NFG	C	0.52%	0.49%	0.49%
NJR	C	0.49%	0.5%	0.49%
OGS	C	0.5%	0.52%	0.5%
SEIC	C	0.5%	0.49%	0.49%
SIGI	D	0.46%	0.5%	0.46%
SLGN	D	0.45%	0.47%	0.45%
SON	F	0.44%	0.47%	0.44%
SR	B	0.49%	0.51%	0.49%
SWX	D	0.58%	0.48%	0.48%
THG	D	0.49%	0.51%	0.49%
WERN	D	0.52%	0.5%	0.5%
WTRG	C	0.51%	0.48%	0.48%

HSMV Overweight 164 Positions Relative to FVD

Symbol	Grade	Weight
LXP	B	0.71%
IDCC	B	0.68%
CUBE	B	0.68%
GMED	A	0.67%
UTHR	B	0.66%
CVLT	B	0.64%
EVR	A	0.64%
BJ	B	0.64%
NBIX	B	0.62%
NYT	B	0.61%
LFUS	C	0.61%
HRB	C	0.6%
EME	D	0.59%
JEF	A	0.59%
CSL	B	0.59%
PLXS	C	0.58%
CASY	B	0.58%
BCPC	B	0.58%
CLH	B	0.58%
VRRM	B	0.57%
OHI	A	0.56%
LII	B	0.56%
FAF	D	0.56%
KEX	B	0.56%
PRGS	C	0.55%
RGA	A	0.55%
LOPE	C	0.55%
SBRA	B	0.55%
SFM	B	0.55%
NSIT	C	0.55%
PRI	B	0.55%
EGP	B	0.55%
JHG	B	0.55%
KFY	C	0.55%
NMIH	A	0.55%
TTEK	D	0.54%
INVA	B	0.54%
EPRT	B	0.54%
CW	B	0.54%
WU	D	0.54%
MUSA	B	0.54%
NVT	D	0.54%
EPC	B	0.54%
ADC	B	0.54%
ENSG	B	0.54%
BRX	B	0.53%
ESNT	B	0.53%
VOYA	D	0.53%
EXP	D	0.53%
NNN	A	0.53%
SF	B	0.53%
AM	B	0.53%
STAG	B	0.53%
TXRH	D	0.53%
ELS	C	0.53%
MTG	A	0.53%
EFC	A	0.53%
CACI	B	0.53%
MTN	F	0.53%
ORI	C	0.52%
MSGS	C	0.52%
RDN	B	0.52%
EHC	B	0.52%
USFD	D	0.52%
GLPI	B	0.52%
COOP	B	0.52%
AIN	D	0.52%
AMH	C	0.52%
FR	B	0.52%
CTRE	B	0.52%
OGE	B	0.52%
CNO	A	0.52%
UNF	C	0.52%
FCPT	B	0.52%
LSTR	F	0.52%
MDU	C	0.51%
VVV	B	0.51%
ACHC	D	0.51%
PECO	C	0.51%
FHI	B	0.51%
EPR	C	0.51%
IOSP	D	0.51%
FLS	C	0.51%
AVT	C	0.51%
PNM	D	0.5%
POR	C	0.5%
WH	C	0.5%
ASH	D	0.5%
MSA	B	0.5%
WPC	C	0.5%
BWXT	C	0.5%
MAT	F	0.5%
CHH	C	0.5%
KNX	C	0.5%
AMG	C	0.5%
EXEL	B	0.5%
REXR	C	0.5%
BKH	C	0.5%
AGO	C	0.5%
RPM	D	0.5%
FSS	C	0.5%
RS	C	0.49%
FNF	C	0.49%
ATR	D	0.49%
ITT	C	0.49%
SCI	C	0.49%
RLI	D	0.49%
MCRI	C	0.49%
NWE	C	0.49%
KBR	D	0.49%
COLM	D	0.49%
POST	B	0.49%
AVA	D	0.48%
MOG.A	B	0.48%
PBH	B	0.48%
HXL	D	0.48%
AFG	D	0.48%
CHDN	B	0.48%
AGCO	F	0.48%
SNX	D	0.48%
CHE	F	0.48%
GPK	D	0.47%
FELE	C	0.47%
VNT	C	0.47%
ACM	D	0.47%
LAMR	C	0.47%
ARW	D	0.47%
MIDD	D	0.47%
RYN	F	0.47%
PFGC	F	0.47%
TNC	D	0.47%
FNB	A	0.47%
ROIC	C	0.47%
OSK	D	0.46%
MAN	F	0.46%
PCH	F	0.46%
RNR	D	0.45%
CRI	F	0.45%
SAIC	D	0.45%
ALV	D	0.45%
WTS	D	0.45%
R	C	0.44%
RGLD	A	0.43%
CRUS	B	0.43%
ENR	C	0.42%
WEN	D	0.41%
EVTC	F	0.41%
JAZZ	F	0.4%
AIR	A	0.39%
ENOV	F	0.38%
NSA	B	0.38%
IRT	B	0.36%
PB	C	0.36%
ABM	B	0.35%
ORA	C	0.34%
GO	F	0.34%
EXPO	B	0.31%
ONB	A	0.31%
FCN	C	0.31%
BLKB	D	0.3%
PDCO	F	0.28%
CCOI	D	0.26%
PZZA	F	0.22%
LEG	D	0.19%

HSMV Underweight 158 Positions Relative to FVD

Symbol	Grade	Weight
JPM	B	-0.53%
INFY	B	-0.53%
HLI	A	-0.52%
TM	F	-0.52%
ERIE	D	-0.51%
MKC	C	-0.51%
CSX	C	-0.51%
OTTR	D	-0.51%
GS	A	-0.51%
KR	C	-0.51%
NOC	F	-0.51%
BK	A	-0.51%
ICE	A	-0.51%
HMC	F	-0.51%
CALM	A	-0.51%
JNPR	B	-0.51%
TXN	B	-0.51%
NSC	D	-0.5%
MO	A	-0.5%
SCL	C	-0.5%
WM	B	-0.5%
PEG	B	-0.5%
KO	B	-0.5%
NI	A	-0.5%
AEE	C	-0.5%
SXT	B	-0.5%
GRMN	C	-0.5%
AEP	C	-0.5%
LNT	B	-0.5%
CPB	B	-0.5%
TR	D	-0.5%
CTSH	C	-0.5%
NEU	D	-0.5%
ACN	D	-0.5%
PM	A	-0.5%
EQIX	C	-0.5%
LHX	A	-0.5%
CSCO	D	-0.5%
WSO	B	-0.5%
OTIS	B	-0.5%
UNP	D	-0.5%
DOX	D	-0.5%
SNY	B	-0.5%
NVS	B	-0.5%
VZ	B	-0.5%
UNH	D	-0.5%
NDAQ	B	-0.5%
T	B	-0.5%
CAT	D	-0.5%
EMR	B	-0.5%
AGR	D	-0.5%
TMUS	B	-0.5%
NWN	C	-0.5%
IBM	C	-0.5%
CNA	A	-0.5%
DGX	B	-0.5%
CME	D	-0.5%
XOM	D	-0.5%
CNI	D	-0.5%
ADI	B	-0.5%
TD	D	-0.5%
MDLZ	F	-0.49%
BAX	D	-0.49%
BDX	F	-0.49%
BTI	A	-0.49%
ABT	D	-0.49%
ED	D	-0.49%
JCI	C	-0.49%
AMGN	B	-0.49%
PG	D	-0.49%
K	D	-0.49%
ITW	D	-0.49%
CLX	D	-0.49%
TROW	B	-0.49%
PPG	D	-0.49%
RHI	F	-0.49%
SJM	F	-0.49%
ATO	B	-0.49%
NVO	C	-0.49%
DEO	F	-0.49%
PFE	C	-0.49%
UL	A	-0.49%
HRL	F	-0.49%
JNJ	D	-0.49%
WTW	B	-0.49%
XEL	D	-0.49%
UPS	F	-0.49%
HUBB	D	-0.49%
WEC	D	-0.49%
SO	B	-0.49%
ETR	D	-0.49%
HII	D	-0.49%
HSY	D	-0.49%
ALL	D	-0.49%
BRC	C	-0.49%
BAH	B	-0.49%
EVRG	C	-0.49%
PSA	B	-0.49%
EXC	D	-0.49%
SRE	B	-0.49%
JKHY	D	-0.49%
DUK	B	-0.49%
CVX	D	-0.49%
HON	B	-0.49%
KMB	A	-0.49%
TEL	A	-0.49%
AFL	A	-0.49%
MMM	B	-0.49%
MMC	A	-0.49%
BLK	B	-0.49%
UVV	D	-0.49%
RTX	D	-0.49%
ES	C	-0.49%
PINC	F	-0.49%
LMT	D	-0.49%
BR	B	-0.49%
CMCSA	F	-0.49%
CHRW	C	-0.49%
ADP	F	-0.48%
HD	C	-0.48%
REYN	F	-0.48%
MDT	D	-0.48%
IEX	D	-0.48%
GD	D	-0.48%
CB	D	-0.48%
SBUX	F	-0.48%
CMI	C	-0.48%
CAG	F	-0.48%
DE	F	-0.48%
AOS	C	-0.48%
MCD	D	-0.48%
SNA	D	-0.48%
FAST	D	-0.48%
TRV	D	-0.48%
WDFC	D	-0.48%
YUM	F	-0.48%
PEP	D	-0.48%
AZN	D	-0.48%
DTE	C	-0.48%
AIZ	D	-0.48%
CL	B	-0.48%
CMS	D	-0.48%
PAYX	F	-0.47%
LOW	C	-0.47%
APD	D	-0.47%
GILD	C	-0.47%
TSCO	D	-0.47%
KDP	D	-0.47%
AVY	D	-0.47%
PKG	C	-0.47%
MRK	C	-0.47%
GSK	D	-0.47%
ABBV	B	-0.47%
BMY	F	-0.47%
CVS	F	-0.46%
GIS	D	-0.46%
POOL	F	-0.45%
NKE	F	-0.39%