DVAL vs. HSMV ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	HSMV
30 Days	4.63%	4.88%
60 Days	5.94%	5.46%
90 Days	7.93%	6.96%
12 Months	28.10%	27.49%

16 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in HSMV	Overlap
AFG	A	0.58%	1.08%	0.58%
AM	A	0.25%	1.21%	0.25%
AMG	B	0.4%	0.63%	0.4%
CSL	C	1.06%	0.33%	0.33%
EVR	B	0.48%	0.34%	0.34%
GPK	C	0.1%	0.36%	0.1%
INGR	B	0.17%	1.65%	0.17%
MDU	D	0.14%	0.64%	0.14%
MTG	C	0.45%	0.55%	0.45%
MUSA	A	0.29%	0.47%	0.29%
ORI	A	0.65%	1.76%	0.65%
R	B	0.28%	0.3%	0.28%
RDN	C	0.08%	0.4%	0.08%
RS	B	0.97%	0.54%	0.54%
SAIC	F	0.31%	0.35%	0.31%
SCI	B	0.93%	0.62%	0.62%

DVAL Overweight 94 Positions Relative to HSMV

Symbol	Grade	Weight
LMT	D	4.4%
CMCSA	B	4.34%
IBM	C	4.21%
DE	A	3.88%
TMUS	B	3.65%
HON	B	3.53%
CSCO	B	3.43%
GM	B	3.32%
CAT	B	3.17%
COP	C	3.1%
MPC	D	2.74%
PYPL	B	2.36%
CVX	A	2.2%
BLDR	D	1.86%
JNJ	D	1.56%
AXP	A	1.5%
LYB	F	1.44%
STLD	B	1.41%
WMT	A	1.37%
MMM	D	1.33%
WMB	A	1.32%
VLO	C	1.26%
PCAR	B	1.2%
NUE	C	1.15%
PHM	D	1.05%
EXPD	D	1.04%
KHC	F	0.98%
PG	A	0.96%
GIS	D	0.95%
OC	A	0.9%
JBL	B	0.89%
CF	B	0.83%
EBAY	D	0.78%
NRG	B	0.77%
MGM	D	0.76%
CRBG	B	0.74%
PSX	C	0.71%
WFC	A	0.71%
BG	F	0.7%
BMY	B	0.68%
DRI	B	0.67%
MLM	B	0.66%
EXPE	B	0.66%
IPG	D	0.65%
MRO	B	0.64%
NVR	D	0.64%
AMGN	D	0.63%
AN	C	0.62%
CPAY	A	0.6%
EQH	B	0.6%
EOG	A	0.53%
BERY	B	0.52%
DIS	B	0.52%
FOXA	B	0.51%
TXT	D	0.5%
WH	B	0.49%
ARMK	B	0.47%
OMF	A	0.45%
SYY	B	0.45%
VZ	C	0.43%
NXST	C	0.42%
TRMB	B	0.41%
FLEX	A	0.4%
TRGP	B	0.37%
MRK	F	0.35%
BC	C	0.35%
RL	B	0.33%
KBH	D	0.33%
DVA	B	0.31%
TOL	B	0.31%
DKS	C	0.27%
BCC	B	0.26%
RHI	B	0.26%
EMN	D	0.23%
AOS	F	0.23%
COKE	C	0.22%
EXP	A	0.22%
BLD	D	0.2%
PVH	C	0.19%
H	B	0.18%
SNX	C	0.18%
CBT	C	0.17%
CNM	D	0.17%
FANG	D	0.15%
NEU	C	0.14%
FMC	D	0.13%
WEX	D	0.13%
BYD	C	0.13%
CHX	C	0.1%
TPR	B	0.09%
OMC	C	0.05%
WSC	D	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 131 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.09%
DTM	B	-2.06%
SEIC	B	-1.89%
IDA	A	-1.65%
OGE	B	-1.59%
POST	C	-1.56%
CTRE	D	-1.54%
RLI	B	-1.42%
MSGS	A	-1.4%
ADC	B	-1.34%
DCI	B	-1.33%
CACI	D	-1.29%
FHI	A	-1.26%
AMH	D	-1.24%
NJR	A	-1.24%
NFG	A	-1.18%
FLO	D	-1.17%
CHE	D	-1.16%
NWE	B	-1.13%
OHI	C	-1.08%
POR	C	-1.07%
GGG	B	-1.06%
NNN	D	-1.01%
GNTX	C	-0.99%
GLPI	C	-0.99%
NYT	C	-0.95%
BKH	A	-0.9%
EHC	B	-0.9%
MMS	F	-0.89%
FCPT	C	-0.86%
DLB	B	-0.85%
CBSH	A	-0.83%
ELS	C	-0.81%
MSA	D	-0.8%
EPR	D	-0.79%
PRI	A	-0.78%
IDCC	A	-0.77%
AVA	A	-0.76%
LSTR	D	-0.76%
PBH	A	-0.76%
EFC	C	-0.76%
KBR	F	-0.75%
PECO	A	-0.74%
LOPE	B	-0.74%
ENSG	D	-0.73%
AWR	B	-0.72%
OGS	A	-0.72%
SF	B	-0.72%
RPM	A	-0.68%
SLGN	A	-0.68%
RNR	C	-0.67%
CPK	A	-0.67%
CW	B	-0.67%
RGA	A	-0.67%
AGO	B	-0.67%
ESNT	D	-0.67%
JHG	A	-0.66%
EPRT	B	-0.65%
CDP	C	-0.63%
EGP	F	-0.63%
PRGS	A	-0.58%
ACM	A	-0.57%
FELE	B	-0.56%
GATX	A	-0.56%
CHH	A	-0.56%
SBRA	C	-0.55%
COLM	B	-0.55%
NMIH	D	-0.55%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	D	-0.51%
FNF	B	-0.51%
EPC	D	-0.49%
AVT	C	-0.49%
FCN	D	-0.49%
BRX	A	-0.48%
BWXT	B	-0.48%
LANC	C	-0.46%
JEF	A	-0.46%
PFGC	B	-0.45%
FR	C	-0.45%
CHDN	B	-0.45%
ARW	D	-0.45%
PB	A	-0.45%
CNO	A	-0.44%
MSM	C	-0.44%
LAMR	D	-0.43%
ENR	B	-0.43%
RYN	D	-0.42%
BLKB	B	-0.41%
FAF	A	-0.4%
FNB	A	-0.38%
ITT	A	-0.38%
CLH	B	-0.38%
EXEL	B	-0.38%
ASH	D	-0.36%
ABM	B	-0.36%
BJ	A	-0.36%
COOP	B	-0.35%
G	B	-0.35%
IOSP	B	-0.35%
LXP	D	-0.34%
RGLD	C	-0.34%
LECO	B	-0.34%
JAZZ	B	-0.33%
MAN	D	-0.32%
KEX	C	-0.31%
AGCO	D	-0.31%
JJSF	B	-0.31%
ONB	B	-0.31%
KFY	B	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
OSK	B	-0.28%
ORA	B	-0.27%
PLXS	B	-0.27%
CASY	A	-0.26%
LII	A	-0.26%
HRB	D	-0.26%
FSS	B	-0.24%
LFUS	F	-0.24%
CUBE	D	-0.24%
AIN	C	-0.24%
IRT	A	-0.23%
HXL	D	-0.22%
CRI	D	-0.21%
REXR	F	-0.2%
PCH	D	-0.19%
NSA	D	-0.13%