EMOT vs. COWS ETF Comparison

Comparison of First Trust S&P 500 Economic Moat ETF (EMOT) to Amplify Cash Flow Dividend Leaders ETF (COWS)

EMOT

First Trust S&P 500 Economic Moat ETF

EMOT Description

Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index. The index is designed to measure the performance of common stock of companies in the S&P 500® Index which are identified as having sustainable competitive advantages, or "an economic moat," as evidenced by their sustained high gross margins, sustained high return on invested capital and high market share. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.31

Average Daily Volume

2,539

Number of Holdings ^*

* may have additional holdings in another (foreign) market

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$31.28

Average Daily Volume

6,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMOT	COWS
30 Days	0.73%	6.07%
60 Days	2.59%	7.16%
90 Days	3.37%	6.78%
12 Months		27.71%

3 Overlapping Holdings

Symbol	Grade	Weight in EMOT	Weight in COWS	Overlap
CSCO	B	2.35%	1.34%	1.34%
MCK	A	1.94%	1.48%	1.48%
TPR	B	2.5%	2.21%	2.21%

EMOT Overweight 47 Positions Relative to COWS

Symbol	Grade	Weight
FTNT	C	2.89%
ORCL	A	2.47%
WMT	A	2.36%
ACN	B	2.35%
PM	B	2.32%
SBUX	A	2.32%
BKNG	A	2.32%
ADP	A	2.28%
ORLY	B	2.25%
LOW	C	2.23%
UNH	B	2.23%
INTU	B	2.2%
HD	B	2.19%
NVDA	B	2.18%
MCD	D	2.18%
LMT	D	2.18%
MA	B	2.17%
SPGI	C	2.15%
BRK.A	B	2.13%
ADBE	C	2.13%
AVGO	D	2.11%
AMZN	C	2.1%
META	D	2.1%
AZO	C	2.05%
AAPL	C	1.98%
CPRT	B	1.97%
TXN	C	1.92%
VRSN	C	1.9%
PEP	F	1.87%
PG	C	1.87%
HPQ	B	1.86%
YUM	D	1.85%
ZTS	D	1.84%
KO	D	1.84%
GOOG	C	1.83%
CL	D	1.82%
CDNS	B	1.8%
KMB	C	1.8%
MSFT	D	1.79%
MTD	F	1.58%
IDXX	F	1.53%
NKE	F	1.5%
KLAC	F	1.45%
AMAT	F	1.45%
QCOM	F	1.41%
LRCX	F	1.33%
EL	F	1.05%

EMOT Underweight 50 Positions Relative to COWS

Symbol	Grade	Weight
VST	A	-4.0%
SNA	A	-2.95%
OC	A	-2.76%
G	B	-2.68%
CMCSA	B	-2.56%
MRO	B	-2.49%
CF	A	-2.48%
SLB	C	-2.48%
HAL	C	-2.43%
BC	C	-2.42%
FNF	B	-2.35%
FDX	B	-2.31%
EBAY	D	-2.3%
WSM	C	-2.17%
TKR	D	-2.13%
BMY	B	-2.07%
ALSN	B	-2.03%
PARA	C	-2.02%
SM	B	-2.02%
PVH	C	-1.95%
PTEN	C	-1.93%
VLO	C	-1.89%
NXST	C	-1.86%
SWKS	F	-1.84%
BEN	C	-1.8%
BBWI	C	-1.75%
NOV	C	-1.74%
PR	B	-1.74%
MGY	A	-1.73%
MUR	D	-1.72%
MTDR	B	-1.67%
GAP	C	-1.67%
ASO	F	-1.63%
T	A	-1.6%
DVN	F	-1.48%
VNT	C	-1.46%
OLN	F	-1.45%
TMUS	B	-1.43%
DNB	B	-1.43%
AYI	B	-1.4%
BWA	D	-1.37%
AEO	F	-1.33%
LEA	F	-1.33%
RL	C	-1.29%
OGN	F	-1.29%
OSK	C	-1.27%
INGR	C	-1.25%
IPG	D	-1.23%
SAIC	F	-1.19%
ENS	F	-1.12%