HSMV vs. PHO ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Invesco Water Resources ETF (PHO)

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

$36.24

Average Daily Volume

1,162

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$69.57

Average Daily Volume

67,036

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	PHO
30 Days	-0.11%	1.13%
60 Days	3.66%	2.34%
90 Days	9.67%	8.58%
12 Months	25.50%	32.70%

4 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in PHO	Overlap
ACM	A	0.56%	4.1%	0.56%
AWR	B	0.71%	0.83%	0.71%
CWT	D	0.54%	0.75%	0.54%
FELE	C	0.57%	0.84%	0.57%

HSMV Overweight 142 Positions Relative to PHO

Symbol	Grade	Weight
ATR	A	2.04%
ORI	B	1.7%
POST	D	1.7%
INGR	B	1.67%
SEIC	B	1.65%
DTM	A	1.62%
CTRE	B	1.6%
OGE	A	1.53%
CACI	A	1.48%
IDA	D	1.46%
MSGS	A	1.37%
ADC	B	1.33%
DCI	C	1.33%
AMH	D	1.31%
CHE	C	1.29%
RLI	A	1.28%
FLO	D	1.26%
NJR	C	1.22%
AM	A	1.2%
NWE	B	1.18%
NNN	A	1.16%
NFG	A	1.15%
FHI	C	1.14%
OHI	C	1.13%
POR	D	1.11%
AFG	B	1.08%
GNTX	D	1.06%
MMS	C	1.06%
GGG	C	1.04%
GLPI	A	1.04%
NYT	C	1.02%
MDU	C	0.97%
DLB	C	0.93%
EHC	B	0.91%
FCPT	C	0.9%
EPR	C	0.89%
BKH	C	0.89%
MSA	F	0.87%
KBR	B	0.85%
ELS	D	0.83%
EFC	D	0.83%
LSTR	F	0.78%
ESNT	C	0.78%
AVA	D	0.77%
ENSG	D	0.77%
PECO	C	0.72%
PRI	A	0.71%
CBSH	D	0.71%
OGS	C	0.71%
RNR	A	0.7%
EGP	D	0.7%
EPRT	C	0.68%
PBH	D	0.68%
LOPE	D	0.67%
SLGN	C	0.66%
CPK	C	0.65%
RGA	C	0.65%
RPM	B	0.63%
CW	A	0.63%
NMIH	C	0.61%
AMG	B	0.61%
AGO	B	0.6%
SF	A	0.6%
FCN	C	0.59%
IDCC	A	0.59%
PRGS	B	0.59%
SCI	D	0.58%
JHG	B	0.58%
SBRA	C	0.57%
MTG	B	0.57%
COLM	D	0.56%
BCPC	D	0.54%
ARW	C	0.54%
RS	D	0.52%
AVT	C	0.52%
FNF	B	0.52%
EPC	F	0.52%
CHH	C	0.52%
GATX	F	0.51%
FR	D	0.48%
FLS	B	0.47%
LANC	F	0.47%
MSM	D	0.47%
LAMR	C	0.46%
MUSA	D	0.46%
BRX	C	0.46%
RYN	C	0.45%
CHDN	D	0.44%
PFGC	A	0.43%
ASH	F	0.42%
BWXT	A	0.42%
BLKB	C	0.42%
FAF	C	0.41%
SAIC	A	0.41%
RDN	D	0.41%
PB	D	0.4%
JEF	A	0.39%
CLH	C	0.39%
ENR	B	0.39%
CNO	C	0.39%
MAN	D	0.38%
ITT	C	0.38%
LXP	D	0.38%
GPK	D	0.38%
RGLD	C	0.35%
ABM	D	0.35%
IOSP	F	0.35%
BJ	C	0.35%
CSL	A	0.34%
AGCO	D	0.33%
FNB	D	0.33%
JJSF	C	0.33%
COOP	B	0.33%
LECO	F	0.33%
MTN	D	0.31%
G	A	0.31%
JAZZ	F	0.31%
EXEL	B	0.3%
KEX	C	0.3%
EVR	C	0.3%
MIDD	D	0.29%
CRI	D	0.28%
HRB	C	0.28%
ALV	F	0.28%
ONB	D	0.28%
KFY	C	0.28%
CUBE	C	0.27%
LFUS	D	0.27%
EVTC	C	0.27%
R	C	0.27%
LII	C	0.26%
ORA	C	0.26%
OSK	F	0.26%
AIN	F	0.26%
FSS	D	0.25%
HXL	F	0.24%
PLXS	B	0.24%
REXR	D	0.24%
CASY	D	0.24%
IRT	D	0.23%
PCH	C	0.21%
NSA	C	0.15%

HSMV Underweight 32 Positions Relative to PHO

Symbol	Grade	Weight
ECL	B	-8.04%
ROP	C	-7.93%
XYL	C	-6.69%
VLTO	A	-6.42%
PNR	B	-4.38%
AOS	B	-4.25%
IEX	D	-4.11%
WAT	B	-4.09%
WMS	D	-3.98%
AWK	C	-3.98%
CNM	F	-3.75%
TTC	D	-3.72%
ITRI	C	-3.54%
TTEK	A	-3.11%
WTRG	D	-2.53%
MLI	C	-2.31%
VMI	B	-2.25%
WTS	C	-1.8%
BMI	A	-1.64%
ZWS	A	-1.52%
MWA	A	-1.22%
SBS	D	-1.13%
LNN	C	-0.66%
SJW	F	-0.55%
MSEX	D	-0.4%
ERII	C	-0.33%
GRC	D	-0.21%
ARTNA	F	-0.16%
CWCO	F	-0.13%
YORW	F	-0.11%
NWPX	C	-0.07%
GWRS	D	-0.01%