EMLP vs. MDIV ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV)

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.96

Average Daily Volume

181,327

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$15.94

Average Daily Volume

90,957

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	MDIV
30 Days	8.48%	4.53%
60 Days	8.52%	3.14%
90 Days	12.63%	4.41%
12 Months	20.27%	17.43%

22 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in MDIV	Overlap
AEP	A	2.55%	0.39%	0.39%
CQP	D	0.94%	1.04%	0.94%
DUK	A	0.76%	0.39%	0.39%
ENLC	B	0.0%	0.59%	0.0%
EPD	C	8.05%	0.76%	0.76%
ES	C	0.47%	0.44%	0.44%
ET	B	7.44%	0.95%	0.95%
ETR	B	1.26%	0.4%	0.4%
EVRG	C	1.3%	0.45%	0.45%
EXC	C	0.11%	0.37%	0.11%
LNT	B	2.22%	0.34%	0.34%
MPLX	C	3.95%	0.9%	0.9%
NFG	B	3.09%	0.4%	0.4%
NJR	C	0.49%	0.35%	0.35%
OGS	C	1.47%	0.38%	0.38%
OKE	B	4.77%	0.49%	0.49%
PAGP	C	5.04%	0.73%	0.73%
PEG	B	2.74%	0.38%	0.38%
SO	A	2.14%	0.39%	0.39%
SUN	D	0.48%	0.52%	0.48%
USAC	D	0.15%	0.84%	0.15%
WEC	C	1.72%	0.35%	0.35%

EMLP Overweight 29 Positions Relative to MDIV

Symbol	Grade	Weight
KMI	A	4.39%
SRE	A	4.07%
DTM	A	4.03%
PPL	A	2.62%
TRGP	A	2.61%
PWR	C	2.29%
WMB	A	2.07%
ATO	B	2.01%
LNG	D	1.41%
XEL	D	1.3%
DTE	A	1.27%
CMS	A	1.26%
AES	B	1.13%
NEP	C	1.0%
FLR	D	1.0%
WLKP	B	0.89%
VST	B	0.86%
HESM	B	0.73%
CNP	B	0.73%
WTRG	C	0.69%
CWEN	C	0.51%
IDA	C	0.51%
AROC	B	0.49%
CEG	C	0.29%
AEE	C	0.27%
D	A	0.26%
CPK	C	0.25%
UGI	C	0.09%
AWK	C	0.06%

EMLP Underweight 83 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	B	-19.74%
ARLP	B	-1.55%
PMT	B	-1.5%
IEP	D	-1.48%
RC	D	-1.41%
BSM	C	-1.25%
KRP	A	-1.19%
NSS	B	-1.18%
DMLP	D	-1.15%
LADR	A	-1.12%
AGNCN	A	-1.06%
DKL	D	-1.04%
LTC	B	-1.02%
NHI	B	-1.0%
EPR	C	-0.98%
WES	B	-0.94%
GBDC	C	-0.93%
CAPL	F	-0.91%
GTY	C	-0.87%
GLPI	C	-0.87%
MO	A	-0.86%
GEL	B	-0.78%
CTRE	C	-0.77%
PAA	C	-0.77%
CHSCO	B	-0.77%
APLE	F	-0.75%
FCPT	C	-0.75%
NRP	C	-0.74%
NNN	B	-0.74%
CHSCL	B	-0.74%
GLP	D	-0.73%
WTFCP	B	-0.72%
ESGRP	B	-0.71%
SPG	C	-0.7%
CHSCN	C	-0.7%
CHSCM	B	-0.69%
VICI	C	-0.68%
LAMR	B	-0.66%
EPRT	B	-0.66%
KIM	C	-0.63%
CHSCP	D	-0.63%
MAA	C	-0.62%
WU	D	-0.62%
BRX	C	-0.6%
CMSD	D	-0.6%
CUBE	C	-0.57%
T	B	-0.53%
PSA	C	-0.52%
UVV	C	-0.51%
VZ	C	-0.51%
REG	C	-0.51%
NWE	C	-0.47%
PNW	B	-0.47%
NWN	C	-0.46%
LYB	D	-0.45%
EXR	C	-0.44%
BKH	C	-0.44%
SR	C	-0.44%
ALE	B	-0.43%
VCTR	B	-0.43%
PRU	A	-0.43%
CAG	C	-0.43%
CTRA	B	-0.42%
K	C	-0.4%
EIX	A	-0.4%
SWX	A	-0.39%
FE	B	-0.39%
UPS	D	-0.38%
BBY	D	-0.38%
TROW	D	-0.37%
CVX	B	-0.37%
FLO	C	-0.37%
NI	B	-0.36%
EMN	C	-0.36%
KMB	C	-0.36%
KHC	D	-0.36%
C	B	-0.35%
MS	B	-0.35%
BMY	F	-0.34%
BEN	F	-0.32%
VTRS	D	-0.32%
GILD	F	-0.29%
NMM	B	-0.12%