SHRY vs. IPO ETF Comparison

Comparison of First Trust Bloomberg Shareholder Yield ETF (SHRY) to Renaissance IPO ETF (IPO)

SHRY

First Trust Bloomberg Shareholder Yield ETF

SHRY Description

The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index is designed to select dividend-paying securities issued by large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$42.54

Average Daily Volume

591

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.58

Average Daily Volume

28,664

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHRY	IPO
30 Days	1.23%	0.56%
60 Days	2.61%	4.03%
90 Days	5.13%	9.86%
12 Months		35.97%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHRY	Weight in IPO	Overlap

SHRY Overweight 48 Positions Relative to IPO

Symbol	Grade	Weight
MO	A	5.15%
AMP	A	4.97%
PFG	C	4.9%
CHTR	B	3.92%
CAH	B	3.87%
EOG	A	3.51%
HPQ	B	3.08%
KMI	A	3.01%
MCK	A	2.98%
LYB	F	2.96%
HIG	A	2.83%
LMT	D	2.65%
NVR	D	2.5%
AFL	C	2.44%
GIS	D	2.33%
JNJ	D	2.32%
MET	A	2.25%
CME	A	2.22%
SLB	C	1.97%
CMCSA	B	1.94%
MDT	D	1.8%
KMB	C	1.77%
V	A	1.76%
PG	C	1.67%
MRK	F	1.6%
PAYX	B	1.6%
UNP	D	1.54%
ADP	B	1.53%
TRV	B	1.5%
CL	D	1.49%
ABT	B	1.45%
ORLY	B	1.4%
AAPL	C	1.39%
QCOM	F	1.21%
SHW	C	1.21%
MA	B	1.19%
GOOGL	B	1.18%
MCD	D	1.12%
ETN	B	1.09%
BX	A	1.07%
ADBE	D	1.01%
CB	D	0.98%
ORCL	A	0.84%
AMAT	F	0.78%
ACN	B	0.7%
KLAC	F	0.58%
MSFT	D	0.39%
BRK.A	B	0.38%

SHRY Underweight 17 Positions Relative to IPO

Symbol	Grade	Weight
NU	C	-9.95%
KVUE	A	-9.28%
ARM	F	-8.6%
RIVN	F	-6.46%
CRBG	B	-5.74%
GTLB	B	-4.71%
TPG	A	-3.62%
HCP	B	-3.13%
GFS	C	-2.72%
RDDT	A	-2.19%
RBRK	A	-1.62%
BRZE	C	-1.56%
INFA	C	-1.34%
BIRK	D	-1.15%
FLNC	C	-0.8%
BLCO	C	-0.52%
ZK	C	-0.4%