MDIV vs. HSMV ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

$16.63

Average Daily Volume

77,998

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

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

$36.39

Average Daily Volume

1,160

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	HSMV
30 Days	2.03%	1.88%
60 Days	6.07%	7.16%
90 Days	7.36%	10.13%
12 Months	23.67%	25.86%

19 Overlapping Holdings

Symbol	Grade	Weight in MDIV	Weight in HSMV	Overlap
AVA	D	0.45%	0.77%	0.45%
BKH	C	0.42%	0.89%	0.42%
BRX	C	0.61%	0.46%	0.46%
CTRE	C	0.62%	1.6%	0.62%
CUBE	C	0.62%	0.27%	0.27%
DTM	A	0.35%	1.62%	0.35%
EPR	C	1.09%	0.89%	0.89%
FAF	C	0.34%	0.41%	0.34%
FCPT	C	0.74%	0.9%	0.74%
FLO	D	0.39%	1.26%	0.39%
GLPI	C	0.83%	1.04%	0.83%
LAMR	C	0.64%	0.46%	0.46%
MSM	D	0.36%	0.47%	0.36%
NFG	A	0.32%	1.15%	0.32%
NJR	C	0.34%	1.22%	0.34%
NNN	C	0.74%	1.16%	0.74%
NWE	C	0.47%	1.18%	0.47%
OGS	C	0.38%	0.71%	0.38%
POR	D	0.38%	1.11%	0.38%

MDIV Overweight 84 Positions Relative to HSMV

Symbol	Grade	Weight
HYLS	B	19.97%
IEP	F	1.61%
PMT	B	1.59%
DKL	B	1.35%
ARLP	A	1.29%
BSM	B	1.25%
KRP	B	1.24%
DMLP	B	1.19%
CAPL	B	1.19%
USAC	D	1.15%
AGNCN	A	1.09%
LADR	D	1.02%
APLE	B	0.99%
IIPR	C	0.92%
MPLX	B	0.9%
LTC	D	0.9%
GLP	B	0.89%
CQP	D	0.86%
WES	B	0.86%
ET	A	0.85%
GTY	C	0.85%
HST	D	0.83%
NRP	A	0.8%
FITBI	A	0.78%
CHSCO	C	0.77%
EPD	A	0.77%
SUN	D	0.76%
CHSCL	B	0.75%
VICI	C	0.75%
CHSCN	C	0.72%
WU	D	0.72%
SPG	A	0.72%
CHSCM	C	0.71%
PAA	B	0.71%
RZC	C	0.71%
AAT	C	0.7%
NHI	C	0.7%
PAGP	B	0.67%
VZ	C	0.66%
ALEX	D	0.62%
PSA	C	0.61%
T	B	0.59%
MAA	D	0.58%
CDP	A	0.58%
REG	C	0.55%
CHRD	F	0.53%
GEL	D	0.51%
BMY	A	0.48%
LYB	B	0.47%
ENLC	A	0.47%
CAG	D	0.45%
FANG	D	0.44%
EVRG	C	0.43%
OKE	A	0.43%
KHC	F	0.42%
SR	D	0.42%
TROW	D	0.41%
ETR	A	0.4%
EXC	C	0.4%
ES	D	0.4%
GILD	A	0.39%
PRU	B	0.38%
PNM	B	0.37%
PINC	F	0.37%
WEC	B	0.37%
CVX	B	0.37%
FE	C	0.37%
VTRS	D	0.36%
EIX	C	0.36%
XEL	C	0.36%
IPG	D	0.36%
DRI	C	0.35%
IBM	A	0.35%
HMN	B	0.35%
DVN	F	0.35%
SJM	D	0.35%
DUK	C	0.35%
GIS	C	0.34%
AEP	C	0.34%
SON	D	0.34%
MDT	C	0.33%
KMB	D	0.33%
PNC	C	0.32%
NMM	B	0.06%

MDIV Underweight 127 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	A	-2.04%
ORI	A	-1.7%
POST	C	-1.7%
INGR	B	-1.67%
SEIC	B	-1.65%
OGE	C	-1.53%
CACI	A	-1.48%
IDA	D	-1.46%
MSGS	A	-1.37%
ADC	C	-1.33%
DCI	B	-1.33%
AMH	D	-1.31%
CHE	D	-1.29%
RLI	A	-1.28%
AM	A	-1.2%
FHI	A	-1.14%
OHI	C	-1.13%
AFG	A	-1.08%
GNTX	D	-1.06%
MMS	C	-1.06%
GGG	C	-1.04%
NYT	C	-1.02%
MDU	C	-0.97%
DLB	D	-0.93%
EHC	C	-0.91%
MSA	F	-0.87%
KBR	A	-0.85%
ELS	D	-0.83%
EFC	D	-0.83%
LSTR	F	-0.78%
ESNT	A	-0.78%
ENSG	D	-0.77%
PECO	C	-0.72%
PRI	A	-0.71%
AWR	B	-0.71%
CBSH	D	-0.71%
RNR	A	-0.7%
EGP	D	-0.7%
EPRT	C	-0.68%
PBH	D	-0.68%
LOPE	D	-0.67%
SLGN	B	-0.66%
CPK	C	-0.65%
RGA	B	-0.65%
RPM	A	-0.63%
CW	A	-0.63%
NMIH	B	-0.61%
AMG	B	-0.61%
AGO	B	-0.6%
SF	A	-0.6%
FCN	C	-0.59%
IDCC	A	-0.59%
PRGS	A	-0.59%
SCI	D	-0.58%
JHG	A	-0.58%
FELE	C	-0.57%
SBRA	C	-0.57%
MTG	A	-0.57%
ACM	A	-0.56%
COLM	B	-0.56%
BCPC	C	-0.54%
CWT	D	-0.54%
ARW	C	-0.54%
RS	D	-0.52%
AVT	B	-0.52%
FNF	C	-0.52%
EPC	F	-0.52%
CHH	A	-0.52%
GATX	F	-0.51%
FR	D	-0.48%
FLS	A	-0.47%
LANC	F	-0.47%
MUSA	D	-0.46%
RYN	C	-0.45%
CHDN	C	-0.44%
PFGC	A	-0.43%
ASH	F	-0.42%
BWXT	A	-0.42%
BLKB	C	-0.42%
SAIC	A	-0.41%
RDN	D	-0.41%
PB	D	-0.4%
JEF	A	-0.39%
CLH	B	-0.39%
ENR	B	-0.39%
CNO	B	-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	B	-0.35%
CSL	A	-0.34%
AGCO	D	-0.33%
FNB	D	-0.33%
JJSF	C	-0.33%
COOP	B	-0.33%
LECO	D	-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%
LFUS	C	-0.27%
EVTC	D	-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	A	-0.24%
REXR	D	-0.24%
CASY	D	-0.24%
IRT	D	-0.23%
PCH	C	-0.21%
NSA	D	-0.15%