ECLN vs. KONG ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Formidable Fortress ETF (KONG)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.44

Average Daily Volume

4,671

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KONG

Formidable Fortress ETF

KONG Description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.

Grade (RS Rating)

Last Trade

$26.54

Average Daily Volume

3,487

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	KONG
30 Days	-2.53%	-2.22%
60 Days	7.22%	-0.33%
90 Days	7.64%	-2.89%
12 Months	3.87%	7.07%

0 Overlapping Holdings

	Symbol	Grade	Weight in ECLN	Weight in KONG	Overlap

ECLN Overweight 38 Positions Relative to KONG

Symbol	Grade	Weight
DTM	B	6.11%
AEP	B	4.48%
SRE	B	4.16%
SO	B	4.03%
TRGP	B	3.88%
ATO	C	3.74%
PPL	B	3.47%
XEL	D	3.45%
CQP	D	3.23%
LNT	C	3.14%
WMB	A	3.06%
WEC	D	3.05%
PEG	B	3.03%
CMS	C	2.9%
CWEN	B	2.86%
NFG	C	2.73%
DTE	B	2.68%
EVRG	C	2.52%
PWR	B	2.18%
IDA	D	2.1%
AES	B	1.99%
OGS	F	1.95%
LNG	D	1.7%
FLR	A	1.37%
DUK	B	1.06%
ETR	C	0.98%
NEP	D	0.88%
VST	B	0.81%
WTRG	B	0.7%
ES	D	0.63%
OGE	B	0.62%
CEG	B	0.59%
CNP	A	0.5%
CPK	C	0.45%
AWK	B	0.39%
AEE	D	0.3%
NJR	C	0.19%
EIX	B	0.18%

ECLN Underweight 30 Positions Relative to KONG

Symbol	Grade	Weight
EME	B	-4.38%
VRTX	A	-4.2%
ADM	D	-3.98%
TPL	B	-3.88%
GNTX	D	-3.76%
CPT	B	-3.72%
UTHR	A	-3.68%
CHE	D	-3.46%
IBKR	B	-3.42%
SPGI	B	-3.42%
GGG	D	-3.22%
JKHY	D	-3.21%
ADP	C	-3.17%
CTRA	D	-3.15%
PSA	B	-3.14%
JNJ	F	-3.12%
CSCO	F	-3.12%
RS	D	-3.07%
NDSN	D	-2.96%
REGN	A	-2.96%
GLPI	C	-2.94%
MNST	F	-2.85%
CTSH	D	-2.8%
DOX	F	-2.7%
RHI	D	-2.61%
WST	D	-2.59%
MKTX	F	-2.48%
SNA	D	-2.26%
FAST	D	-2.25%
ERIE	D	-1.9%