QVAL vs. FDM ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to First Trust DJ Select MicroCap ETF (FDM)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.94

Average Daily Volume

19,886

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDM

First Trust DJ Select MicroCap ETF

FDM 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 Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$63.25

Average Daily Volume

4,461

Number of Holdings ^*

131

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	FDM
30 Days	2.19%	-1.34%
60 Days	7.26%	2.11%
90 Days	7.37%	6.43%
12 Months	28.59%	18.90%

0 Overlapping Holdings

	Symbol	Grade	Weight in QVAL	Weight in FDM	Overlap

QVAL Overweight 50 Positions Relative to FDM

Symbol	Grade	Weight
POWL	A	2.59%
SIG	C	2.29%
WSM	C	2.27%
ULTA	D	2.19%
DAL	B	2.19%
ASO	D	2.18%
UFPI	B	2.13%
KBH	C	2.09%
TPR	B	2.07%
CAT	A	2.06%
T	A	2.04%
JBL	D	2.04%
BKR	B	2.04%
OC	B	2.04%
CMCSA	B	2.03%
PCAR	D	2.03%
LBRT	F	2.03%
URBN	F	2.02%
LEN	B	2.02%
FCX	B	2.02%
OMC	A	2.01%
THC	C	2.01%
WCC	C	2.01%
HRB	C	1.99%
SNA	B	1.98%
MAT	C	1.97%
CRI	D	1.97%
CVS	D	1.97%
ALSN	A	1.96%
MOH	D	1.95%
FOXA	A	1.95%
CROX	C	1.95%
GTES	C	1.94%
GPK	B	1.93%
SLB	F	1.93%
CTSH	C	1.92%
HAL	F	1.9%
IPG	C	1.89%
ELV	F	1.88%
TAP	D	1.87%
CEIX	B	1.86%
MO	B	1.86%
TEX	F	1.85%
SKX	C	1.84%
ARCH	D	1.84%
SM	F	1.83%
WFRD	F	1.82%
MPC	F	1.82%
DVN	F	1.81%
CNC	F	1.81%

QVAL Underweight 131 Positions Relative to FDM

Symbol	Grade	Weight
LEU	A	-1.56%
ASIX	B	-1.54%
VMEO	C	-1.52%
LMB	C	-1.45%
TPB	B	-1.42%
PTLO	C	-1.42%
SPTN	B	-1.42%
HAYN	B	-1.42%
CPF	C	-1.42%
BJRI	D	-1.4%
ASTE	F	-1.37%
ETD	B	-1.36%
GLDD	B	-1.33%
RGR	F	-1.33%
MLR	D	-1.3%
KELYA	D	-1.29%
IBCP	D	-1.27%
HCKT	C	-1.24%
PLOW	C	-1.21%
EGY	D	-1.12%
SWBI	F	-1.11%
IMXI	D	-1.08%
UVE	C	-1.07%
EZPW	D	-1.06%
WLDN	A	-1.01%
SMBC	D	-0.97%
NBN	B	-0.96%
DAKT	D	-0.96%
LQDT	C	-0.95%
ARKO	C	-0.95%
MCB	C	-0.94%
CCBG	C	-0.9%
FC	C	-0.86%
MPB	C	-0.86%
KE	F	-0.86%
NWPX	B	-0.85%
SNCY	D	-0.84%
ANET	B	-0.83%
DHIL	C	-0.82%
LXU	D	-0.8%
TIPT	C	-0.79%
SHBI	D	-0.79%
ESQ	C	-0.79%
CCRN	F	-0.79%
CSV	C	-0.79%
CCSI	C	-0.79%
LYTS	B	-0.78%
AROW	D	-0.77%
MOFG	D	-0.75%
FISI	C	-0.74%
RMR	B	-0.74%
WLFC	B	-0.74%
NRIM	C	-0.73%
CMPO	B	-0.73%
SD	F	-0.72%
PLPC	D	-0.72%
NPK	F	-0.72%
TRDA	D	-0.72%
CWCO	F	-0.71%
WRLD	D	-0.71%
EE	A	-0.71%
HVT	F	-0.69%
BSRR	D	-0.68%
KODK	F	-0.67%
GLRE	C	-0.67%
AMSWA	C	-0.66%
CENT	F	-0.66%
LINC	D	-0.66%
ODC	C	-0.66%
TTI	D	-0.65%
NECB	B	-0.65%
FMAO	D	-0.65%
USAP	B	-0.65%
ARTNA	D	-0.65%
ITIC	C	-0.64%
CRCT	C	-0.64%
HRTG	D	-0.64%
TCMD	C	-0.64%
LOCO	C	-0.61%
VPG	F	-0.59%
HNRG	C	-0.59%
RM	C	-0.58%
LEGH	C	-0.58%
DCGO	F	-0.57%
OPY	D	-0.57%
NEWT	D	-0.56%
MOV	F	-0.56%
NGVC	B	-0.55%
SIGA	F	-0.54%
SENEA	C	-0.54%
ACIC	F	-0.53%
INBK	D	-0.5%
AVNW	F	-0.48%
PKOH	B	-0.46%
REPX	D	-0.46%
RCKY	C	-0.45%
AMPY	D	-0.45%
MCFT	F	-0.45%
JRVR	F	-0.45%
MITT	C	-0.43%
LSEA	C	-0.42%
VLGEA	C	-0.39%
FSTR	D	-0.39%
TASK	F	-0.38%
EML	B	-0.36%
JILL	F	-0.35%
NGS	D	-0.35%
HBB	B	-0.34%
SGC	F	-0.34%
REI	F	-0.34%
ACTG	F	-0.33%
KRT	F	-0.33%
EARN	C	-0.33%
PWOD	B	-0.32%
NATR	F	-0.32%
FLXS	C	-0.3%
TAYD	D	-0.3%
FF	B	-0.28%
BBCP	F	-0.27%
TWIN	F	-0.26%
LAKE	D	-0.26%
ACU	F	-0.25%
VIRC	D	-0.25%
LWAY	B	-0.25%
BTMD	F	-0.24%
PEBK	F	-0.23%
FEIM	D	-0.19%
ESOA	C	-0.19%
INTT	F	-0.16%
CSPI	F	-0.15%
KEQU	F	-0.13%