QQEW vs. WBIL ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to WBI Large Cap Tactical Select Shares (WBIL)

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.81

Average Daily Volume

54,590

Number of Holdings ^*

101

* 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

$37.11

Average Daily Volume

1,749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	WBIL
30 Days	4.19%	5.99%
60 Days	4.65%	9.19%
90 Days	7.39%	8.98%
12 Months	21.42%	24.22%

15 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in WBIL	Overlap
AAPL	A	0.97%	4.79%	0.97%
AMZN	B	1.03%	3.08%	1.03%
COST	A	0.99%	1.94%	0.99%
CRWD	B	1.13%	4.95%	1.13%
EA	B	1.16%	4.94%	1.16%
FAST	A	1.12%	1.06%	1.06%
INTU	C	0.98%	2.15%	0.98%
LULU	C	1.14%	4.23%	1.14%
META	D	0.98%	0.91%	0.91%
MRVL	B	1.18%	4.54%	1.18%
NFLX	B	1.22%	1.11%	1.11%
NVDA	C	1.22%	3.46%	1.22%
PANW	B	1.12%	1.75%	1.12%
PAYX	B	1.03%	1.0%	1.0%
SBUX	B	0.99%	1.84%	0.99%

QQEW Overweight 86 Positions Relative to WBIL

Symbol	Grade	Weight
TEAM	B	1.46%
TSLA	B	1.39%
TTWO	A	1.21%
DASH	A	1.2%
BKNG	A	1.2%
BKR	C	1.19%
FTNT	B	1.17%
WBD	C	1.17%
DDOG	B	1.15%
TMUS	A	1.15%
CHTR	B	1.14%
ZS	C	1.13%
PDD	F	1.13%
ADSK	B	1.12%
MAR	A	1.11%
TTD	B	1.1%
CDNS	B	1.08%
PCAR	B	1.08%
ISRG	B	1.08%
HON	B	1.08%
INTC	D	1.07%
PYPL	B	1.07%
ODFL	B	1.07%
CSCO	A	1.07%
XEL	A	1.06%
CPRT	A	1.05%
ADP	A	1.05%
MU	D	1.05%
DXCM	C	1.04%
ANSS	B	1.04%
SNPS	B	1.04%
CTAS	A	1.04%
CMCSA	C	1.04%
ORLY	A	1.04%
VRSK	A	1.04%
GILD	B	1.03%
GFS	C	1.03%
MNST	B	1.02%
WDAY	C	1.01%
CTSH	A	1.0%
ABNB	C	1.0%
MDB	C	0.98%
APP	B	0.97%
FANG	F	0.97%
ILMN	C	0.97%
ROP	B	0.96%
CSGP	C	0.96%
CSX	B	0.96%
TXN	D	0.95%
ON	D	0.94%
VRTX	D	0.94%
LIN	D	0.93%
AVGO	D	0.93%
MSFT	C	0.93%
ADBE	C	0.93%
EXC	C	0.93%
ARM	D	0.93%
AEP	C	0.92%
NXPI	D	0.92%
CCEP	B	0.91%
GEHC	F	0.91%
CEG	C	0.9%
PEP	F	0.9%
ADI	D	0.9%
QCOM	F	0.89%
MELI	C	0.89%
ROST	C	0.88%
LRCX	D	0.88%
AMD	F	0.86%
KHC	D	0.86%
AMAT	F	0.86%
MDLZ	F	0.84%
AMGN	F	0.83%
KDP	D	0.83%
MCHP	D	0.82%
IDXX	F	0.8%
ASML	F	0.8%
KLAC	D	0.79%
AZN	D	0.78%
CDW	F	0.76%
BIIB	F	0.76%
REGN	F	0.63%
MRNA	F	0.55%
SMCI	F	0.55%
GOOGL	C	0.52%
GOOG	C	0.52%

QQEW Underweight 25 Positions Relative to WBIL

Symbol	Grade	Weight
SCHW	A	-5.19%
AMP	A	-4.93%
FI	A	-4.35%
TPL	B	-4.13%
CRM	B	-4.06%
UBER	D	-3.66%
URI	B	-3.61%
CPAY	A	-3.21%
BX	B	-2.73%
FICO	A	-2.23%
BR	A	-2.17%
PWR	A	-2.11%
RMD	C	-1.88%
TYL	A	-1.74%
EME	B	-1.46%
PH	A	-1.02%
SPOT	B	-0.98%
TJX	A	-0.95%
TT	A	-0.87%
AGZD	B	-0.74%
FLTR	A	-0.73%
FALN	A	-0.72%
FTSL	B	-0.67%
STIP	B	-0.52%
BKLN	A	-0.32%