SKYY vs. MRGR ETF Comparison

Comparison of First Trust ISE Cloud Computing Index Fund (SKYY) to ProShares Merger ETF (MRGR)

SKYY

First Trust ISE Cloud Computing Index Fund

SKYY 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 ISE Cloud Computing(TM) Index. The index is owned and was developed by International Securities Exchange, LLC ("ISE" or the "Index Provider"). The index Provider has contracted with Standard & Poor's to calculate and maintain the index. The index is designed to provide a benchmark for investors interested in tracking companies actively involved in the cloud computing industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$122.95

Average Daily Volume

130,561

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.22

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SKYY	MRGR
30 Days	17.99%	0.41%
60 Days	20.29%	1.07%
90 Days	25.60%	2.14%
12 Months	53.29%	7.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in SKYY	Weight in MRGR	Overlap
	SMAR	A	0.61%	2.41%	0.61%
	ZUO	B	0.6%	2.39%	0.6%

SKYY Overweight 60 Positions Relative to MRGR

Symbol	Grade	Weight
APP	B	4.9%
LUMN	C	4.38%
ORCL	B	4.24%
AMZN	C	3.79%
NTNX	A	3.6%
ANET	C	3.49%
GOOGL	C	3.44%
IBM	C	3.31%
MSFT	F	3.27%
PSTG	D	3.11%
MDB	C	2.67%
TWLO	A	2.48%
CSCO	B	2.44%
TEAM	A	2.42%
NET	B	2.39%
SHOP	B	2.36%
HUBS	A	2.23%
CFLT	B	2.15%
CRM	B	2.1%
GTLB	B	2.06%
NOW	A	1.95%
WK	B	1.91%
DELL	C	1.86%
AKAM	D	1.85%
HPE	B	1.76%
FIVN	C	1.63%
NTAP	C	1.56%
ADBE	C	1.48%
RBRK	A	1.46%
DOCN	D	1.39%
RNG	B	1.38%
WIX	B	1.18%
SAP	B	1.12%
APPN	B	0.9%
TOST	B	0.87%
PAYC	B	0.74%
DOCU	A	0.72%
QTWO	A	0.7%
PCTY	B	0.68%
CRWD	B	0.66%
BL	B	0.65%
QLYS	C	0.64%
ZM	B	0.64%
TTD	B	0.64%
ESTC	C	0.62%
DDOG	A	0.6%
SNOW	C	0.6%
DBX	B	0.59%
INTU	C	0.59%
PANW	C	0.58%
VEEV	C	0.57%
ZS	C	0.56%
BOX	B	0.56%
WDAY	B	0.55%
BLKB	B	0.54%
APPF	B	0.54%
ASAN	C	0.54%
FSLY	D	0.54%
SPT	C	0.49%
OTEX	D	0.48%

SKYY Underweight 27 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	B	-3.58%
DFS	B	-3.14%
IBTX	B	-3.02%
SASR	B	-2.81%
EDR	A	-2.53%
INFN	C	-2.5%
LBPH	A	-2.43%
EVRI	A	-2.42%
NAPA	B	-2.42%
B	B	-2.41%
ROIC	A	-2.41%
ALTR	B	-2.4%
ATSG	B	-2.4%
K	A	-2.37%
RCM	F	-2.37%
ENV	B	-2.37%
CDMO	B	-2.36%
ANSS	B	-2.32%
ALE	A	-2.31%
HCP	B	-2.3%
MRO	B	-2.28%
LBRDK	C	-2.25%
CTLT	B	-2.2%
JNPR	F	-2.14%
SPR	D	-2.11%
CHX	C	-1.8%
RVNC	F	-1.42%