FDL vs. LVHD ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to Legg Mason Low Volatility High Dividend ETF (LVHD)

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

$43.34

Average Daily Volume

362,157

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.82

Average Daily Volume

43,099

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

Performance

Period	FDL	LVHD
30 Days	2.77%	1.05%
60 Days	4.11%	1.24%
90 Days	6.49%	4.51%
12 Months	33.82%	21.71%

38 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in LVHD	Overlap
AEE	A	0.54%	1.04%	0.54%
AEP	D	1.21%	2.07%	1.21%
ALE	A	0.12%	0.19%	0.12%
AVA	A	0.1%	0.14%	0.1%
BKH	A	0.13%	0.22%	0.13%
CVX	A	9.22%	2.69%	2.69%
DUK	C	2.18%	2.33%	2.18%
ETR	B	0.82%	1.65%	0.82%
EVRG	A	0.44%	0.93%	0.44%
EXC	C	1.04%	1.83%	1.04%
FANG	D	1.25%	1.14%	1.14%
FHB	A	0.11%	0.14%	0.11%
FHI	A	0.09%	0.17%	0.09%
FIBK	A	0.14%	0.17%	0.14%
FNF	B	0.37%	0.54%	0.37%
IBM	C	4.35%	2.47%	2.47%
IPG	D	0.33%	0.9%	0.33%
K	A	0.42%	1.76%	0.42%
KMB	D	1.08%	2.1%	1.08%
LNT	A	0.35%	0.67%	0.35%
LYB	F	0.87%	1.16%	0.87%
MO	A	4.96%	2.78%	2.78%
MSM	C	0.11%	0.28%	0.11%
NJR	A	0.12%	0.17%	0.12%
NWE	B	0.11%	0.13%	0.11%
OGE	B	0.25%	0.37%	0.25%
OGS	A	0.1%	0.23%	0.1%
OKE	A	1.96%	2.18%	1.96%
PM	B	5.87%	2.44%	2.44%
PNC	B	2.12%	2.01%	2.01%
PNW	B	0.29%	0.71%	0.29%
POR	C	0.14%	0.31%	0.14%
SR	A	0.13%	0.19%	0.13%
UBSI	B	0.16%	0.16%	0.16%
USB	A	2.44%	2.58%	2.44%
VLY	B	0.17%	0.29%	0.17%
WEC	A	0.76%	1.48%	0.76%
XEL	A	0.93%	1.84%	0.93%

FDL Overweight 62 Positions Relative to LVHD

Symbol	Grade	Weight
VZ	C	7.42%
ABBV	D	6.79%
PFE	D	5.94%
UPS	C	3.49%
GILD	C	3.11%
CVS	D	2.33%
TFC	A	2.19%
KMI	A	2.06%
F	C	1.78%
PRU	A	1.46%
DOW	F	1.23%
KHC	F	0.91%
TROW	B	0.9%
EIX	B	0.83%
FITB	A	0.78%
HBAN	A	0.78%
RF	A	0.75%
STT	A	0.67%
KEY	B	0.66%
CFG	B	0.64%
ES	D	0.64%
FE	C	0.57%
BBY	D	0.49%
CLX	B	0.43%
OMF	A	0.42%
CAG	D	0.41%
CMA	A	0.33%
WHR	B	0.33%
CNH	C	0.32%
FHN	A	0.31%
SJM	D	0.31%
SWK	D	0.31%
BEN	C	0.28%
COLB	A	0.28%
LNC	B	0.26%
MTN	C	0.24%
HAS	D	0.24%
ZION	B	0.23%
UGI	A	0.22%
SNV	B	0.21%
WU	D	0.2%
FMC	D	0.19%
JHG	A	0.19%
APAM	B	0.17%
FAF	A	0.16%
OZK	B	0.15%
NXST	C	0.15%
WEN	D	0.13%
TNL	A	0.13%
FLO	D	0.13%
CC	C	0.12%
ASB	B	0.12%
PRGO	B	0.11%
PNM	F	0.11%
MAN	D	0.1%
CATY	B	0.09%
AGR	B	0.09%
SMG	D	0.09%
LCII	C	0.08%
CRI	D	0.06%
SIRI	C	0.05%
GEF	A	0.01%

FDL Underweight 80 Positions Relative to LVHD

Symbol	Grade	Weight
MCD	D	-2.71%
HD	A	-2.66%
CSCO	B	-2.57%
LMT	D	-2.54%
SO	D	-2.41%
PEP	F	-2.39%
MDLZ	F	-2.32%
KO	D	-2.3%
JNJ	D	-2.29%
KDP	D	-2.26%
HSY	F	-2.14%
PAYX	C	-2.07%
GIS	D	-1.87%
SYY	B	-1.81%
DRI	B	-1.65%
VICI	C	-1.4%
ED	D	-1.28%
OMC	C	-1.17%
PKG	A	-1.06%
NI	A	-1.04%
DTE	C	-1.02%
HST	C	-1.01%
MAA	B	-0.87%
KIM	A	-0.84%
ESS	B	-0.83%
EQR	B	-0.8%
REG	B	-0.63%
WPC	D	-0.53%
FRT	B	-0.51%
ADC	B	-0.5%
BRX	A	-0.5%
CUBE	D	-0.49%
GLPI	C	-0.48%
DTM	B	-0.42%
ONB	B	-0.35%
WTRG	B	-0.34%
NNN	D	-0.33%
CTRE	D	-0.31%
EPRT	B	-0.31%
AFG	A	-0.31%
STAG	F	-0.31%
IDA	A	-0.28%
SON	D	-0.27%
DOC	D	-0.26%
FNB	A	-0.25%
NSA	D	-0.25%
APLE	B	-0.24%
EPR	D	-0.22%
INSW	F	-0.22%
HIW	D	-0.2%
FULT	A	-0.17%
BOH	B	-0.16%
BNL	D	-0.15%
CBU	B	-0.14%
AUB	B	-0.13%
ROIC	A	-0.13%
NHI	D	-0.13%
CNA	B	-0.12%
LXP	D	-0.12%
CVBF	A	-0.12%
NTST	D	-0.11%
FCPT	C	-0.11%
PFS	B	-0.1%
FRME	B	-0.08%
DEA	D	-0.08%
LTC	B	-0.08%
NWN	A	-0.08%
TOWN	B	-0.07%
NBTB	B	-0.07%
HOPE	B	-0.07%
UVV	B	-0.07%
FFBC	A	-0.07%
UNIT	B	-0.07%
GTY	B	-0.07%
NWBI	B	-0.07%
PINC	B	-0.06%
AAT	B	-0.06%
PFBC	B	-0.06%
LADR	B	-0.06%
FCF	A	-0.06%