HSMV vs. IFRA ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to iShares U.S. Infrastructure ETF (IFRA)

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

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.87

Average Daily Volume

306,176

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	IFRA
30 Days	3.72%	7.23%
60 Days	5.02%	9.35%
90 Days	5.82%	12.85%
12 Months	26.13%	38.77%

17 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in IFRA	Overlap
ACM	B	0.57%	0.56%	0.56%
AM	A	1.19%	0.69%	0.69%
AVA	A	0.72%	0.63%	0.63%
AWR	B	0.72%	0.68%	0.68%
BKH	A	0.87%	0.69%	0.69%
CPK	A	0.64%	0.7%	0.64%
CSL	C	0.33%	0.56%	0.33%
CWT	C	0.51%	0.61%	0.51%
DTM	A	1.97%	0.87%	0.87%
IDA	A	1.59%	0.74%	0.74%
MDU	D	0.61%	0.36%	0.36%
NWE	B	1.09%	0.66%	0.66%
OGE	A	1.57%	0.69%	0.69%
OGS	A	0.69%	0.71%	0.69%
OSK	C	0.29%	0.57%	0.29%
POR	C	1.06%	0.63%	0.63%
RS	B	0.55%	0.56%	0.55%

HSMV Overweight 130 Positions Relative to IFRA

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%
NJR	A	1.19%
CHE	D	1.15%
NFG	A	1.14%
FLO	D	1.12%
OHI	C	1.11%
AFG	A	1.08%
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%
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%
CW	C	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%
PRGS	A	0.59%
SBRA	C	0.58%
FELE	B	0.57%
GATX	A	0.56%
COLM	C	0.55%
CHH	A	0.55%
MTG	C	0.54%
NMIH	C	0.54%
BCPC	B	0.53%
FLS	B	0.52%
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%
MAN	F	0.32%
ONB	C	0.32%
KEX	B	0.31%
R	B	0.3%
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 133 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-1.23%
USLM	A	-0.91%
CENX	B	-0.86%
KNTK	A	-0.85%
CEG	C	-0.85%
MYRG	B	-0.84%
STRL	A	-0.83%
KMI	A	-0.83%
AGX	B	-0.82%
WMB	A	-0.82%
MGEE	B	-0.8%
PRIM	A	-0.8%
NRG	B	-0.79%
ETR	B	-0.79%
OKE	A	-0.78%
ROAD	B	-0.77%
TXNM	A	-0.73%
ENLC	A	-0.72%
XEL	A	-0.72%
FIX	A	-0.72%
CNP	A	-0.72%
LMB	B	-0.72%
SRE	A	-0.72%
ATO	A	-0.72%
AEE	A	-0.71%
CMP	C	-0.71%
NI	A	-0.71%
GBX	A	-0.71%
PEG	A	-0.71%
MSEX	C	-0.7%
EME	A	-0.7%
MTZ	B	-0.7%
CSX	C	-0.7%
PCG	A	-0.69%
EVRG	A	-0.69%
NSC	B	-0.69%
HEES	C	-0.68%
MLI	B	-0.68%
MTRX	B	-0.68%
PNW	A	-0.68%
PPL	A	-0.68%
NWN	A	-0.68%
LXFR	C	-0.68%
LNT	A	-0.67%
ALE	A	-0.67%
GLDD	B	-0.67%
RYI	C	-0.67%
SUM	B	-0.67%
WEC	A	-0.67%
SR	A	-0.66%
APOG	C	-0.66%
AGR	A	-0.66%
UTL	B	-0.66%
GVA	A	-0.66%
D	C	-0.65%
BXC	B	-0.65%
WTRG	B	-0.65%
PWR	A	-0.65%
CMS	C	-0.65%
EXC	C	-0.65%
DTE	C	-0.64%
SO	C	-0.64%
NWPX	A	-0.64%
CRS	B	-0.64%
AWI	A	-0.63%
EXP	B	-0.63%
KNF	B	-0.63%
TPC	C	-0.63%
VMI	B	-0.63%
NGVT	B	-0.63%
STLD	B	-0.62%
OC	A	-0.62%
NEE	C	-0.62%
URI	C	-0.62%
UNP	C	-0.62%
EIX	B	-0.62%
DUK	C	-0.62%
FE	C	-0.61%
ECVT	C	-0.61%
ASTE	C	-0.61%
ARTNA	F	-0.61%
YORW	F	-0.61%
TRN	B	-0.6%
ES	C	-0.6%
SJW	F	-0.6%
AWK	C	-0.6%
AEP	C	-0.6%
VMC	B	-0.6%
LPX	B	-0.6%
ED	C	-0.6%
CMC	B	-0.59%
KALU	C	-0.59%
LXU	B	-0.59%
HE	C	-0.59%
X	B	-0.58%
MLM	C	-0.58%
TREX	C	-0.57%
FLR	B	-0.57%
BCC	B	-0.56%
AZEK	A	-0.56%
ASIX	B	-0.55%
APG	B	-0.55%
SWX	B	-0.55%
ROCK	C	-0.54%
NFE	D	-0.54%
SSD	F	-0.53%
BWMN	C	-0.53%
HWKN	B	-0.53%
BLDR	D	-0.53%
XPEL	B	-0.53%
ZEUS	C	-0.52%
POOL	C	-0.52%
NUE	C	-0.52%
TEX	F	-0.52%
KOP	C	-0.51%
EMN	C	-0.51%
AESI	B	-0.5%
CLF	F	-0.5%
OLN	F	-0.5%
BLD	D	-0.5%
NVEE	F	-0.5%
HAYN	A	-0.5%
MTUS	C	-0.49%
J	D	-0.49%
IIIN	C	-0.48%
ATI	C	-0.48%
WOR	F	-0.47%
WMS	F	-0.46%
WLK	D	-0.46%
LYB	F	-0.44%
MATV	D	-0.33%
NVRI	D	-0.33%
TTEK	F	-0.09%