HSMV vs. PPA ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to PowerShares Aerospace & Defense (PPA)

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

$36.57

Average Daily Volume

1,236

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$113.20

Average Daily Volume

220,048

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	PPA
30 Days	3.36%	2.59%
60 Days	4.98%	8.27%
90 Days	9.57%	9.06%
12 Months	20.43%	39.36%

7 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in PPA	Overlap
BWXT	D	0.39%	1.26%	0.39%
CACI	B	1.44%	1.45%	1.44%
CW	B	0.62%	1.38%	0.62%
HXL	F	0.24%	0.8%	0.24%
KBR	D	0.82%	1.11%	0.82%
OSK	F	0.28%	0.28%	0.28%
SAIC	C	0.4%	0.98%	0.4%

HSMV Overweight 139 Positions Relative to PPA

Symbol	Grade	Weight
ATR	B	1.98%
ORI	B	1.7%
POST	C	1.69%
SEIC	C	1.64%
INGR	B	1.64%
CTRE	C	1.63%
DTM	B	1.62%
OGE	C	1.55%
IDA	C	1.48%
MSGS	B	1.37%
AMH	C	1.37%
ADC	C	1.36%
FLO	C	1.3%
DCI	C	1.29%
RLI	B	1.28%
NJR	B	1.27%
CHE	C	1.25%
AM	C	1.21%
NWE	B	1.19%
NFG	B	1.19%
NNN	C	1.18%
POR	C	1.15%
OHI	B	1.14%
FHI	A	1.1%
AFG	B	1.09%
GLPI	C	1.06%
NYT	C	1.03%
MMS	C	1.02%
GNTX	F	1.01%
GGG	C	1.01%
FCPT	C	0.94%
MDU	C	0.94%
BKH	B	0.9%
DLB	D	0.89%
EPR	B	0.89%
MSA	D	0.88%
ELS	C	0.87%
EHC	C	0.86%
EFC	B	0.85%
ESNT	B	0.79%
ENSG	B	0.79%
AVA	C	0.78%
LSTR	D	0.78%
PECO	B	0.75%
AWR	B	0.74%
CBSH	C	0.74%
OGS	B	0.72%
EGP	B	0.72%
PBH	B	0.7%
RNR	C	0.69%
PRI	B	0.68%
LOPE	D	0.67%
CPK	B	0.66%
SLGN	B	0.66%
EPRT	B	0.66%
RGA	C	0.65%
RPM	B	0.63%
NMIH	B	0.62%
AGO	C	0.61%
AMG	C	0.61%
SCI	B	0.6%
SBRA	C	0.59%
JHG	B	0.58%
COLM	C	0.58%
FCN	D	0.58%
IDCC	B	0.58%
SF	A	0.58%
CWT	C	0.57%
MTG	B	0.57%
FELE	C	0.54%
FNF	B	0.53%
EPC	F	0.53%
PRGS	C	0.53%
ACM	B	0.53%
BCPC	C	0.53%
GATX	D	0.52%
ARW	C	0.52%
CHH	C	0.51%
RS	D	0.5%
MUSA	D	0.49%
AVT	C	0.49%
FR	B	0.49%
CHDN	C	0.47%
LANC	D	0.47%
BRX	B	0.47%
LAMR	B	0.45%
MSM	D	0.45%
RYN	C	0.45%
BLKB	C	0.43%
PFGC	B	0.42%
ASH	D	0.42%
RDN	C	0.42%
FAF	B	0.42%
FLS	D	0.42%
PB	B	0.41%
CNO	B	0.4%
LXP	B	0.39%
JEF	B	0.39%
GPK	B	0.39%
CLH	A	0.39%
ENR	D	0.38%
MAN	C	0.38%
ITT	B	0.36%
IOSP	D	0.35%
COOP	C	0.35%
RGLD	C	0.34%
FNB	C	0.34%
BJ	D	0.34%
ABM	D	0.34%
CSL	B	0.33%
JJSF	C	0.33%
EXEL	C	0.32%
LECO	F	0.32%
JAZZ	D	0.32%
MTN	D	0.31%
G	C	0.31%
AGCO	D	0.31%
KEX	C	0.3%
KFY	B	0.29%
ONB	C	0.29%
MIDD	D	0.29%
CRI	D	0.29%
EVR	A	0.29%
ALV	F	0.29%
CUBE	B	0.28%
EVTC	D	0.28%
HRB	C	0.28%
R	A	0.27%
LII	B	0.26%
LFUS	C	0.26%
ORA	C	0.26%
AIN	D	0.26%
FSS	D	0.24%
CASY	D	0.24%
REXR	C	0.24%
PLXS	A	0.23%
IRT	B	0.23%
PCH	C	0.21%
NSA	B	0.15%

HSMV Underweight 41 Positions Relative to PPA

Symbol	Grade	Weight
LMT	C	-7.46%
RTX	C	-7.0%
GE	B	-6.3%
BA	F	-5.65%
NOC	B	-5.39%
GD	B	-4.64%
HWM	B	-4.42%
PH	B	-4.32%
LHX	C	-4.28%
HON	D	-4.02%
AXON	B	-3.68%
TDG	B	-3.64%
ETN	C	-3.17%
LDOS	B	-2.34%
BAH	C	-2.3%
TXT	D	-2.07%
HEI	B	-2.03%
APH	D	-1.99%
HII	D	-1.7%
PLTR	B	-1.37%
WWD	D	-1.06%
TDY	B	-1.03%
ATI	C	-0.94%
AVAV	C	-0.91%
J	C	-0.9%
KEYS	C	-0.74%
MOG.A	B	-0.71%
PSN	B	-0.69%
SPR	D	-0.68%
KTOS	C	-0.57%
AIR	C	-0.41%
MRCY	D	-0.38%
VSAT	F	-0.28%
OSIS	D	-0.27%
CDRE	C	-0.25%
IRDM	D	-0.18%
TGI	F	-0.17%
DCO	A	-0.15%
B	D	-0.14%
TTMI	D	-0.14%
AI	F	-0.1%