MDIV vs. FCEF ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to First Trust CEF Income Opportunity ETF (FCEF)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.76

Average Daily Volume

87,595

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

FCEF

First Trust CEF Income Opportunity ETF

FCEF Description

The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.

Grade (RS Rating)

Last Trade

$22.21

Average Daily Volume

7,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	FCEF
30 Days	1.81%	1.18%
60 Days	1.08%	1.54%
90 Days	3.36%	3.96%
12 Months	18.42%	25.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in MDIV	Weight in FCEF	Overlap

MDIV Overweight 103 Positions Relative to FCEF

Symbol	Grade	Weight
HYLS	C	20.0%
IEP	F	1.51%
PMT	D	1.47%
ARLP	A	1.41%
DMLP	A	1.3%
BSM	B	1.28%
KRP	B	1.27%
DKL	C	1.2%
CAPL	D	1.17%
USAC	B	1.16%
AGNCN	B	1.09%
APLE	B	1.05%
LADR	B	1.03%
EPR	D	0.99%
GLP	A	0.96%
MPLX	A	0.95%
LTC	B	0.94%
CQP	B	0.92%
ET	A	0.91%
NRP	B	0.89%
WES	C	0.86%
GTY	B	0.84%
HST	C	0.83%
EPD	A	0.82%
FITBI	C	0.79%
GLPI	C	0.79%
CHSCO	C	0.78%
SPG	B	0.77%
CHSCL	C	0.76%
SUN	B	0.74%
AAT	B	0.72%
CHSCN	D	0.72%
RZC	C	0.72%
PAA	B	0.71%
VICI	C	0.71%
IIPR	D	0.71%
FCPT	C	0.71%
CHSCM	D	0.69%
PAGP	A	0.67%
NHI	D	0.65%
WU	D	0.64%
NNN	D	0.64%
BRX	A	0.63%
ALEX	C	0.62%
LAMR	D	0.61%
VZ	C	0.6%
CTRE	D	0.6%
T	A	0.6%
CDP	C	0.58%
REG	B	0.57%
MAA	B	0.57%
PSA	D	0.56%
CUBE	D	0.56%
BMY	B	0.55%
CHRD	D	0.54%
ENLC	A	0.51%
OKE	A	0.51%
FANG	D	0.47%
TROW	B	0.46%
DTM	B	0.45%
NWE	B	0.45%
GILD	C	0.44%
EVRG	A	0.44%
GEL	D	0.44%
ETR	B	0.44%
BKH	A	0.43%
AVA	A	0.43%
HMN	B	0.42%
PINC	B	0.42%
SR	A	0.42%
LYB	F	0.41%
CVX	A	0.41%
PRU	A	0.4%
PNM	F	0.39%
XEL	A	0.39%
VTRS	A	0.39%
EXC	C	0.38%
CAG	D	0.38%
OGS	A	0.38%
KHC	F	0.38%
ES	D	0.37%
FLO	D	0.37%
WEC	A	0.37%
DVN	F	0.36%
POR	C	0.36%
PNC	B	0.36%
MSM	C	0.36%
DRI	B	0.36%
FE	C	0.35%
IBM	C	0.34%
IPG	D	0.34%
EIX	B	0.34%
DUK	C	0.34%
NJR	A	0.34%
SJM	D	0.33%
FAF	A	0.33%
SON	D	0.32%
NFG	A	0.32%
KMB	D	0.31%
MDT	D	0.31%
AEP	D	0.31%
GIS	D	0.3%
NMM	D	0.05%

MDIV Underweight 46 Positions Relative to FCEF

Symbol	Grade	Weight
ETG	C	-4.02%
HTD	A	-3.33%
ETO	D	-3.3%
EVT	A	-3.25%
THQ	F	-3.22%
SOR	C	-3.19%
VRIG	A	-3.16%
ASGI	C	-3.16%
HQH	D	-3.14%
GDV	A	-2.95%
JPC	A	-2.55%
TY	A	-2.52%
JQC	A	-2.52%
UTF	B	-2.48%
RNP	C	-2.36%
BCAT	A	-2.28%
NPFD	A	-2.25%
BGB	A	-2.2%
PDO	C	-2.14%
CET	B	-2.02%
GAM	A	-2.02%
UTG	A	-1.87%
JFR	A	-1.63%
JRI	B	-1.52%
PEO	C	-1.44%
EVG	C	-1.44%
PDX	A	-1.39%
RA	B	-1.24%
AIO	A	-1.03%
NBB	D	-1.0%
QQQX	B	-1.0%
CII	B	-0.99%
KYN	A	-0.82%
WIW	D	-0.75%
HIO	B	-0.74%
BCX	C	-0.73%
BIT	D	-0.72%
BUI	C	-0.7%
TPZ	A	-0.56%
RMT	B	-0.52%
BTZ	C	-0.49%
HQL	F	-0.47%
JLS	C	-0.47%
BME	D	-0.45%
DPG	A	-0.41%
DLY	B	-0.23%

FCEF: Top Represented Industries & Keywords

Industries: Asset Management