FDL vs. GRID ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.38

Average Daily Volume

745,761

Number of Holdings ^*

91

* may have additional holdings in another (foreign) market

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

GRID Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.58

Average Daily Volume

46,959

Number of Holdings ^*

44

* may have additional holdings in another (foreign) market

Performance

Period	FDL	GRID
30 Days	-2.15%	-1.11%
60 Days	3.97%	5.50%
90 Days	3.60%	12.44%
12 Months	10.46%	18.97%

2 Overlapping Holdings

	Symbol	Grade	Weight in FDL	Weight in GRID	Overlap
	ABBV	D	7.8%	8.3%	7.8%
	IBM	D	4.28%	1.25%	1.25%

FDL Overweight 89 Positions Relative to GRID

	Symbol	Grade	Weight
	CVX	A	10.08%
	VZ	D	8.46%
	PFE	F	6.98%
	PM	A	6.58%
	MO	A	5.45%
	C	A	3.35%
	PXD	B	2.6%
	MMM	A	2.55%
	DUK	A	2.51%
	SO	A	2.38%
	TFC	A	2.2%
	USB	C	2.2%
	PNC	A	1.96%
	F	B	1.87%
	OKE	A	1.81%
	WMB	A	1.76%
	DVN	A	1.73%
	PSX	B	1.48%
	PRU	C	1.46%
	MET	D	0.99%
	LYB	B	0.99%
	EIX	A	0.94%
	TROW	C	0.79%
	ETR	A	0.76%
	IFF	A	0.7%
	FITB	A	0.69%
	RF	B	0.68%
	MTB	A	0.68%
	HBAN	A	0.66%
	FE	A	0.65%
	CFG	A	0.59%
	KEY	C	0.57%
	BBY	D	0.5%
	NTRS	B	0.49%
	WBA	F	0.47%
	EVRG	A	0.44%
	FNF	C	0.37%
	HAS	A	0.32%
	EMN	B	0.32%
	PNW	A	0.32%
	NRG	A	0.32%
	PKG	D	0.3%
	WHR	F	0.29%
	CMA	A	0.29%
	ALLY	A	0.27%
	BEN	D	0.25%
	LNC	D	0.25%
	UGI	A	0.25%
	FHN	B	0.25%
	WU	B	0.25%
	OGE	A	0.25%
	DINO	D	0.24%
	EWBC	B	0.23%
	CG	B	0.22%
	COLB	C	0.22%
	ZION	B	0.19%
	WBS	D	0.18%
	JHG	B	0.16%
	UBSI	D	0.15%
	SNV	C	0.15%
	BKH	A	0.14%
	VLY	F	0.14%
	FIBK	B	0.13%
	ALE	A	0.13%
	OZK	A	0.13%
	CADE	A	0.13%
	NWE	A	0.12%
	ONB	B	0.12%
	AVA	A	0.12%
	SR	A	0.12%
	FNB	B	0.12%
	GBCI	C	0.11%
	AGR	B	0.11%
	MAN	A	0.11%
	NYCB	F	0.1%
	ASB	B	0.1%
	FHB	A	0.1%
	SWX	A	0.1%
	UCBI	C	0.08%
	MDU	A	0.08%
	SMG	B	0.08%
	INDB	B	0.07%
	ARCH	B	0.07%
	CRI	F	0.07%
	CATY	F	0.06%
	AAP	B	0.05%
	CVI	D	0.05%
	CNS	C	0.04%
	GEF	D	0.01%

FDL Underweight 42 Positions Relative to GRID

	Symbol	Grade	Weight
	ETN	A	-8.46%
	JCI	A	-7.81%
	PWR	A	-4.03%
	HUBB	A	-3.79%
	APTV	F	-3.5%
	ENPH	D	-2.66%
	NVT	A	-2.06%
	NVDA	B	-1.99%
	CSCO	D	-1.47%
	ORCL	C	-1.46%
	TSLA	D	-1.4%
	QCOM	B	-1.36%
	GE	A	-1.14%
	TXN	B	-1.12%
	ATKR	A	-1.12%
	HON	C	-1.02%
	ADI	A	-0.7%
	ITRI	A	-0.67%
	SEDG	F	-0.52%
	EMR	C	-0.5%
	AEIS	D	-0.49%
	MYRG	B	-0.43%
	NXPI	B	-0.37%
	FLNC	B	-0.15%
	TRMB	C	-0.1%
	AMSC	C	-0.08%
	WLDN	A	-0.07%
	AES	B	-0.07%
	GNRC	A	-0.06%
	PLPC	D	-0.06%
	WCC	F	-0.05%
	MTZ	B	-0.04%
	LFUS	D	-0.04%
	ACA	C	-0.03%
	ENS	D	-0.03%
	VMI	F	-0.03%
	ESE	B	-0.02%
	STM	D	-0.02%
	BDC	C	-0.02%
	DGII	B	-0.01%
	AZZ	B	-0.01%
	EBR	D	-0.0%

FDL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Asset Management Utilities - Diversified Insurance - Life Oil & Gas Refining & Marketing Utilities - Regulated Gas Banks - Global Drug Manufacturers - Major Oil & Gas E&P Oil & Gas Midstream Packaging & Containers Specialty Chemicals Specialty Retail Tobacco Agricultural Inputs Apparel Manufacturing Auto Manufacturers Building Materials Chemicals

Keywords: S&P 500 Bank Banking Natural Gas Commercial Banking Deposit Products Electricity Cash Management Investment Bank Investment Management Real Estate Loans Trust Services Asset Management Insurance Chemical Commercial Bank Individual Retirement Account Propane Electric Utilities Financial Products

GRID: Top Represented Industries & Keywords

Industries: Electronic Components Semiconductors Diversified Industrials Engineering & Construction Scientific & Technical Instruments Communication Equipment Specialty Industrial Machinery Auto Manufacturers Auto Parts Drug Manufacturers - Major Electronics Distribution Industrial Distribution Information Technology Services Infrastructure Operations Metal Fabrication Semiconductor Equipment & Materials Software - Infrastructure Solar Utilities - Diversified Utilities - Regulated Electric

Keywords: S&P 500 Nasdaq 100 Computing Electrical Engineering Integrated Circuits Telecommunications Fabless Semiconductor Companies Mining Natural Gas Semiconductor Electrical Products Electricity Electromagnetism Fiber Optics Power Management Renewable Energy Telecommunications Equipment Aerospace Analog Devices Batteries