MISL vs. FCTE ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to SMI 3Fourteen Full-Cycle Trend ETF (FCTE)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$31.42

Average Daily Volume

19,240

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.48

Average Daily Volume

113,504

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

Performance

Period	MISL	FCTE
30 Days	-2.19%	-3.60%
60 Days	-0.43%	-1.98%
90 Days	7.31%	3.09%
12 Months	36.02%

1 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in FCTE	Overlap
	GD	C	8.11%	5.17%	5.17%

MISL Overweight 31 Positions Relative to FCTE

	Symbol	Grade	Weight
	BA	F	8.15%
	RTX	C	7.97%
	TDG	C	7.62%
	LMT	D	7.28%
	LDOS	A	4.47%
	LHX	A	4.01%
	HWM	B	3.88%
	NOC	D	3.84%
	HEI	D	3.78%
	TXT	F	3.74%
	CW	B	3.71%
	CACI	A	3.44%
	PSN	A	3.05%
	HII	F	2.72%
	WWD	D	2.67%
	KBR	B	2.45%
	NPAB	D	2.09%
	SAIC	A	1.99%
	MOG.A	C	1.71%
	AVAV	B	1.7%
	RKLB	A	1.56%
	HXL	F	1.4%
	SPR	C	1.05%
	KTOS	C	1.0%
	AIR	F	0.6%
	MRCY	D	0.55%
	TGI	C	0.31%
	LUNR	B	0.29%
	DCO	D	0.25%
	ATRO	F	0.17%
	NPK	F	0.15%

MISL Underweight 19 Positions Relative to FCTE

	Symbol	Grade	Weight
	DECK	B	-5.46%
	APH	B	-5.42%
	MCK	C	-5.29%
	META	B	-5.2%
	RMD	A	-5.2%
	GOOGL	A	-5.17%
	RSG	D	-5.15%
	BRO	B	-5.14%
	MSFT	D	-5.1%
	NTAP	D	-5.03%
	DPZ	B	-5.0%
	MCO	D	-5.0%
	PHM	D	-4.8%
	TSCO	D	-4.77%
	LRCX	F	-4.76%
	CL	F	-4.75%
	AMAT	F	-4.72%
	KLAC	F	-4.47%
	MTD	D	-4.42%

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Diversified Industrials Communication Equipment Computer Systems Engineering & Construction Security & Protection Services Shell Companies Specialty Industrial Machinery

Keywords: Aerospace S&P 500 Department Of Defense Avionics Weapons Engineering Services Helicopter National Security Radar Space Systems Actuator Aerostructure Aviation Defense Systems Electronics Microwave Test Systems U.S. Department Of Defense Aerospace Systems Combat Systems

FCTE: Top Represented Industries & Keywords

Industries: Semiconductor Equipment & Materials Internet Content & Information Aerospace & Defense Capital Markets Data Storage Diagnostics & Research Electronic Components Footwear & Accessories Household & Personal Products Insurance Brokers Medical Distribution Medical Instruments & Supplies Residential Construction Restaurants Software - Infrastructure Specialty Retail Waste Management

Keywords: S&P 500 Nasdaq 100 Computing Hyperscale Integrated Circuits Operating System Semiconductor Semiconductor Device Fabrication Software Business Solutions Chemical Vapor Deposition Claims Processing Clothing Dentist Electronics Industries Lithography Metrology Mobile Devices Online Retail Photolithography