HSMV vs. PSCU ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

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

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services 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 measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$65.11

Average Daily Volume

3,096

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	PSCU
30 Days	4.88%	9.24%
60 Days	5.46%	7.80%
90 Days	6.96%	10.81%
12 Months	27.49%	30.75%

6 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in PSCU	Overlap
AVA	A	0.76%	3.7%	0.76%
AWR	B	0.72%	3.87%	0.72%
CPK	A	0.67%	3.53%	0.67%
CWT	D	0.51%	3.64%	0.51%
MDU	D	0.64%	4.61%	0.64%
MSGS	A	1.4%	4.45%	1.4%

HSMV Overweight 141 Positions Relative to PSCU

Symbol	Grade	Weight
ATR	B	2.09%
DTM	B	2.06%
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
CTRE	D	1.54%
RLI	B	1.42%
ADC	B	1.34%
DCI	B	1.33%
CACI	D	1.29%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
AFG	A	1.08%
POR	C	1.07%
GGG	B	1.06%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
PRI	A	0.78%
IDCC	A	0.77%
LSTR	D	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
LOPE	B	0.74%
ENSG	D	0.73%
OGS	A	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CW	B	0.67%
RGA	A	0.67%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
EPRT	B	0.65%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
SCI	B	0.62%
PRGS	A	0.58%
ACM	A	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
MTG	C	0.55%
SBRA	C	0.55%
COLM	B	0.55%
NMIH	D	0.55%
RS	B	0.54%
BCPC	B	0.53%
FLS	B	0.52%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
FCN	D	0.49%
BRX	A	0.48%
BWXT	B	0.48%
MUSA	A	0.47%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	C	0.45%
CHDN	B	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
MSM	C	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	C	0.4%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
JJSF	B	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
FSS	B	0.24%
LFUS	F	0.24%
CUBE	D	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
CRI	D	0.21%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 29 Positions Relative to PSCU

Symbol	Grade	Weight
LUMN	C	-10.06%
MGEE	C	-4.62%
CNK	B	-4.16%
CCOI	B	-4.11%
OTTR	C	-4.07%
IAC	D	-4.06%
CARG	C	-3.76%
TDS	B	-3.7%
TGNA	B	-3.55%
SATS	D	-3.48%
ZD	C	-3.04%
YELP	C	-2.92%
CWEN	C	-2.78%
CABO	C	-2.22%
SJW	D	-1.99%
NWN	A	-1.96%
TRIP	F	-1.84%
MSEX	B	-1.43%
CARS	B	-1.38%
QNST	B	-1.38%
UTL	B	-1.15%
CWEN	C	-1.09%
TTGT	C	-0.93%
SSTK	F	-0.88%
SCHL	D	-0.76%
SHEN	F	-0.73%
THRY	F	-0.56%
GOGO	C	-0.56%
CNSL	C	-0.43%