DVAL vs. FDL ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to First Trust Morningstar ETF (FDL)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders 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 objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.34

Average Daily Volume

362,157

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	FDL
30 Days	4.63%	2.77%
60 Days	5.94%	4.11%
90 Days	7.93%	6.49%
12 Months	28.10%	33.82%

10 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in FDL	Overlap
CVX	F	2.2%	9.22%	2.2%
FANG	D	0.15%	1.25%	0.15%
FMC	F	0.13%	0.19%	0.13%
IBM	A	4.21%	4.35%	4.21%
IPG	C	0.65%	0.33%	0.33%
KHC	C	0.98%	0.91%	0.91%
LYB	C	1.44%	0.87%	0.87%
NXST	D	0.42%	0.15%	0.15%
OMF	B	0.45%	0.42%	0.42%
VZ	B	0.43%	7.42%	0.43%

DVAL Overweight 100 Positions Relative to FDL

Symbol	Grade	Weight
LMT	D	4.4%
CMCSA	D	4.34%
DE	F	3.88%
TMUS	A	3.65%
HON	B	3.53%
CSCO	F	3.43%
GM	D	3.32%
CAT	D	3.17%
COP	D	3.1%
MPC	D	2.74%
PYPL	D	2.36%
BLDR	B	1.86%
JNJ	D	1.56%
AXP	B	1.5%
STLD	B	1.41%
WMT	D	1.37%
MMM	B	1.33%
WMB	A	1.32%
VLO	D	1.26%
PCAR	A	1.2%
NUE	B	1.15%
CSL	B	1.06%
PHM	A	1.05%
EXPD	B	1.04%
RS	B	0.97%
PG	C	0.96%
GIS	F	0.95%
SCI	C	0.93%
OC	B	0.9%
JBL	D	0.89%
CF	F	0.83%
EBAY	F	0.78%
NRG	B	0.77%
MGM	D	0.76%
CRBG	A	0.74%
PSX	A	0.71%
WFC	B	0.71%
BG	B	0.7%
BMY	F	0.68%
DRI	B	0.67%
MLM	A	0.66%
EXPE	A	0.66%
ORI	B	0.65%
MRO	D	0.64%
NVR	C	0.64%
AMGN	D	0.63%
AN	F	0.62%
CPAY	D	0.6%
EQH	B	0.6%
AFG	D	0.58%
EOG	D	0.53%
BERY	B	0.52%
DIS	C	0.52%
FOXA	F	0.51%
TXT	D	0.5%
WH	C	0.49%
EVR	A	0.48%
ARMK	B	0.47%
SYY	B	0.45%
MTG	C	0.45%
TRMB	D	0.41%
AMG	D	0.4%
FLEX	D	0.4%
TRGP	B	0.37%
MRK	F	0.35%
BC	C	0.35%
RL	B	0.33%
KBH	C	0.33%
DVA	B	0.31%
SAIC	B	0.31%
TOL	A	0.31%
MUSA	C	0.29%
R	A	0.28%
DKS	B	0.27%
BCC	A	0.26%
RHI	C	0.26%
AM	A	0.25%
EMN	B	0.23%
AOS	C	0.23%
COKE	A	0.22%
EXP	B	0.22%
BLD	B	0.2%
PVH	B	0.19%
H	C	0.18%
SNX	C	0.18%
INGR	D	0.17%
CBT	C	0.17%
CNM	A	0.17%
MDU	F	0.14%
NEU	A	0.14%
WEX	D	0.13%
BYD	D	0.13%
CHX	F	0.1%
GPK	C	0.1%
TPR	C	0.09%
RDN	D	0.08%
OMC	C	0.05%
WSC	D	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 90 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	D	-6.79%
PFE	F	-5.94%
PM	B	-5.87%
MO	D	-4.96%
UPS	C	-3.49%
GILD	F	-3.11%
USB	B	-2.44%
CVS	F	-2.33%
TFC	C	-2.19%
DUK	B	-2.18%
PNC	B	-2.12%
KMI	B	-2.06%
OKE	B	-1.96%
F	D	-1.78%
PRU	B	-1.46%
DOW	C	-1.23%
AEP	C	-1.21%
KMB	D	-1.08%
EXC	D	-1.04%
XEL	D	-0.93%
TROW	D	-0.9%
EIX	D	-0.83%
ETR	B	-0.82%
FITB	C	-0.78%
HBAN	C	-0.78%
WEC	C	-0.76%
RF	C	-0.75%
STT	C	-0.67%
KEY	C	-0.66%
CFG	D	-0.64%
ES	C	-0.64%
FE	D	-0.57%
AEE	D	-0.54%
BBY	C	-0.49%
EVRG	C	-0.44%
CLX	C	-0.43%
K	D	-0.42%
CAG	D	-0.41%
FNF	C	-0.37%
LNT	C	-0.35%
CMA	C	-0.33%
WHR	F	-0.33%
CNH	F	-0.32%
FHN	D	-0.31%
SJM	F	-0.31%
SWK	B	-0.31%
PNW	D	-0.29%
BEN	C	-0.28%
COLB	C	-0.28%
LNC	C	-0.26%
OGE	D	-0.25%
MTN	D	-0.24%
HAS	F	-0.24%
ZION	C	-0.23%
UGI	D	-0.22%
SNV	C	-0.21%
WU	F	-0.2%
JHG	B	-0.19%
APAM	C	-0.17%
VLY	C	-0.17%
FAF	B	-0.16%
UBSI	B	-0.16%
OZK	B	-0.15%
POR	D	-0.14%
FIBK	C	-0.14%
SR	C	-0.13%
WEN	F	-0.13%
TNL	D	-0.13%
FLO	F	-0.13%
BKH	D	-0.13%
ALE	D	-0.12%
CC	C	-0.12%
NJR	D	-0.12%
ASB	C	-0.12%
NWE	D	-0.11%
PRGO	C	-0.11%
PNM	F	-0.11%
FHB	C	-0.11%
MSM	D	-0.11%
MAN	D	-0.1%
OGS	F	-0.1%
AVA	D	-0.1%
CATY	B	-0.09%
AGR	D	-0.09%
SMG	D	-0.09%
FHI	F	-0.09%
LCII	F	-0.08%
CRI	D	-0.06%
SIRI	C	-0.05%
GEF	B	-0.01%