MISL vs. WBIL ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to WBI Large Cap Tactical Select Shares (WBIL)

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

$32.19

Average Daily Volume

19,647

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

WBIL

WBI Large Cap Tactical Select Shares

WBIL Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$34.23

Average Daily Volume

970

Number of Holdings ^*

24

* may have additional holdings in another (foreign) market

Performance

Period	MISL	WBIL
30 Days	3.79%	1.05%
60 Days	12.03%	8.04%
90 Days	15.27%	2.17%
12 Months	51.98%	20.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in WBIL	Overlap

MISL Overweight 10 Positions Relative to WBIL

	Symbol	Grade	Weight
	LMT	A	8.83%
	RTX	A	8.72%
	TDG	A	7.93%
	GD	C	7.58%
	BA	F	6.83%
	HWM	A	4.42%
	NOC	B	4.34%
	HEI	C	4.07%
	LDOS	A	3.79%
	TXT	F	3.67%

MISL Underweight 24 Positions Relative to WBIL

	Symbol	Grade	Weight
	ADP	A	-4.93%
	PGR	B	-4.73%
	ALNY	C	-4.7%
	BX	C	-4.69%
	LII	C	-4.63%
	WRB	C	-4.59%
	MSI	A	-4.58%
	TMUS	A	-4.55%
	MELI	D	-4.5%
	BDX	C	-4.31%
	CI	D	-4.29%
	SHW	C	-4.17%
	CDW	D	-4.12%
	ZTS	C	-4.0%
	DECK	B	-3.99%
	AAPL	C	-3.96%
	PANW	B	-3.86%
	INTU	F	-3.64%
	THG	A	-3.53%
	ADBE	F	-3.51%
	QCOM	D	-3.25%
	LRCX	D	-2.98%
	ACGL	A	-1.86%
	YUMC	B	-1.32%

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Specialty Industrial Machinery

Keywords: S&P 500 Aerospace Space Systems Aviation Electronics Weapons Aerospace Systems Avionics Business Aviation Combat Systems Communications Systems Defense Systems Information Technology Solutions Laser Manned Aircraft Mission Systems Navigation Systems Radar Simulation System Simulation Systems

WBIL: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Software - Application Asset Management Biotechnology Business Services Communication Equipment Consumer Electronics Diversified Industrials Drug Manufacturers - Specialty & Generic Footwear & Accessories Health Care Plans Information Technology Services Insurance - Diversified Medical Instruments & Supplies Restaurants Semiconductor Equipment & Materials Semiconductors Specialty Chemicals Specialty Retail Telecom Services

Keywords: S&P 500 Nasdaq 100 Insurance Casualty Insurance Computing Insurance Coverage Smartphones Accident Insurance Accident Insurance Products Biotechnology Casualty Insurance Coverage Communications Network Digital Marketing Disability E Commerce E-Commerce General Insurance Insurance Broker Insurance Products Insurance Programs