FCEF vs. GDMA ETF Comparison

Comparison of First Trust CEF Income Opportunity ETF (FCEF) to Gadsden Dynamic Multi-Asset ETF (GDMA)
FCEF

First Trust CEF Income Opportunity ETF

FCEF Description

The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.

Grade (RS Rating)

Last Trade

$20.28

Average Daily Volume

5,916

Number of Holdings *

48

* may have additional holdings in another (foreign) market
GDMA

Gadsden Dynamic Multi-Asset ETF

GDMA Description The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.

Grade (RS Rating)

Last Trade

$30.35

Average Daily Volume

9,573

Number of Holdings *

18

* may have additional holdings in another (foreign) market
Performance
Period FCEF GDMA
30 Days -0.90% -1.82%
60 Days 0.86% -1.24%
90 Days 2.57% 0.70%
12 Months 14.03% 6.92%
0 Overlapping Holdings
Symbol Grade Weight in FCEF Weight in GDMA Overlap
FCEF Overweight 48 Positions Relative to GDMA
Symbol Grade Weight
ETG C 3.95%
ARDC A 3.52%
HQH C 3.52%
THQ A 3.52%
HTD A 3.35%
SOR A 3.31%
VRIG A 3.24%
ETO C 3.23%
ASGI A 3.22%
EVT B 3.2%
GDV D 3.01%
JQC A 2.8%
TY C 2.76%
BST C 2.66%
GHY B 2.51%
RNP D 2.5%
UTF A 2.49%
JPC A 2.49%
BGB A 2.29%
PDO A 2.26%
BCAT B 1.99%
CET A 1.98%
GAM A 1.97%
JFR A 1.75%
UTG A 1.74%
RVT C 1.72%
EVG A 1.54%
PEO B 1.52%
NPFD B 1.5%
JRI B 1.49%
PGZ C 1.48%
DSL C 1.25%
CII C 0.99%
AIO A 0.98%
BCX A 0.78%
BUI A 0.77%
QQQX C 0.74%
HIO C 0.72%
BIT B 0.66%
KYN B 0.52%
HQL B 0.51%
PDX B 0.5%
JLS A 0.5%
RMT C 0.49%
TPZ A 0.48%
DLY C 0.25%
BME C 0.25%
IGI C 0.02%
FCEF Underweight 18 Positions Relative to GDMA
Symbol Grade Weight
SGOV B -34.82%
SH D -7.51%
PDBC B -7.13%
UUP A -5.32%
RWM B -5.2%
DXJ A -3.54%
DBA B -3.52%
EPV F -1.53%
EFZ D -1.5%
EPD B -1.14%
TBX A -1.02%
FXC F -1.0%
YCS B -0.99%
ARCH D -0.86%
XOM B -0.78%
COP B -0.73%
CVX B -0.73%
EUO B -0.56%
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