FDL vs. SPDV ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to AAM S&P 500 High Dividend Value ETF (SPDV)

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

SPDV

AAM S&P 500 High Dividend Value ETF

SPDV Description

The investment seeks to track the total return performance, before fees and expenses, of the S&P 500 Dividend and Free Cash Flow Yield Index. The index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P 500® Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure. At least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in equity securities that (i) are included in the S&P 500 Index and (ii) have had a positive indicated annual dividend yield within the past year.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

3,148

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDL	SPDV
30 Days	2.77%	4.09%
60 Days	4.11%	5.48%
90 Days	6.49%	8.23%
12 Months	33.82%	33.92%

23 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in SPDV	Overlap
ABBV	D	6.79%	1.6%	1.6%
BBY	D	0.49%	1.67%	0.49%
CAG	D	0.41%	1.52%	0.41%
CVS	D	2.33%	1.63%	1.63%
CVX	A	9.22%	1.74%	1.74%
DOW	F	1.23%	1.38%	1.23%
F	C	1.78%	1.32%	1.32%
GILD	C	3.11%	2.03%	2.03%
HAS	D	0.24%	1.75%	0.24%
HBAN	A	0.78%	1.96%	0.78%
IBM	C	4.35%	1.96%	1.96%
IPG	D	0.33%	1.61%	0.33%
KEY	B	0.66%	2.03%	0.66%
KHC	F	0.91%	1.57%	0.91%
KMI	A	2.06%	2.24%	2.06%
LYB	F	0.87%	1.45%	0.87%
MO	A	4.96%	1.91%	1.91%
SWK	D	0.31%	1.66%	0.31%
TFC	A	2.19%	1.78%	1.78%
UPS	C	3.49%	1.72%	1.72%
USB	A	2.44%	1.9%	1.9%
VZ	C	7.42%	1.79%	1.79%
WEC	A	0.76%	2.0%	0.76%

FDL Overweight 77 Positions Relative to SPDV

Symbol	Grade	Weight
PFE	D	5.94%
PM	B	5.87%
DUK	C	2.18%
PNC	B	2.12%
OKE	A	1.96%
PRU	A	1.46%
FANG	D	1.25%
AEP	D	1.21%
KMB	D	1.08%
EXC	C	1.04%
XEL	A	0.93%
TROW	B	0.9%
EIX	B	0.83%
ETR	B	0.82%
FITB	A	0.78%
RF	A	0.75%
STT	A	0.67%
CFG	B	0.64%
ES	D	0.64%
FE	C	0.57%
AEE	A	0.54%
EVRG	A	0.44%
CLX	B	0.43%
OMF	A	0.42%
K	A	0.42%
FNF	B	0.37%
LNT	A	0.35%
CMA	A	0.33%
WHR	B	0.33%
CNH	C	0.32%
FHN	A	0.31%
SJM	D	0.31%
PNW	B	0.29%
BEN	C	0.28%
COLB	A	0.28%
LNC	B	0.26%
OGE	B	0.25%
MTN	C	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%
VLY	B	0.17%
FAF	A	0.16%
UBSI	B	0.16%
OZK	B	0.15%
NXST	C	0.15%
POR	C	0.14%
FIBK	A	0.14%
SR	A	0.13%
WEN	D	0.13%
TNL	A	0.13%
FLO	D	0.13%
BKH	A	0.13%
ALE	A	0.12%
CC	C	0.12%
NJR	A	0.12%
ASB	B	0.12%
NWE	B	0.11%
PRGO	B	0.11%
PNM	F	0.11%
FHB	A	0.11%
MSM	C	0.11%
MAN	D	0.1%
OGS	A	0.1%
AVA	A	0.1%
CATY	B	0.09%
AGR	B	0.09%
SMG	D	0.09%
FHI	A	0.09%
LCII	C	0.08%
CRI	D	0.06%
SIRI	C	0.05%
GEF	A	0.01%

FDL Underweight 31 Positions Relative to SPDV

Symbol	Grade	Weight
VST	B	-3.59%
TPR	B	-2.34%
WMB	A	-2.33%
SNA	A	-2.23%
BMY	B	-2.18%
CMI	A	-2.16%
NRG	B	-2.15%
IP	B	-2.14%
CF	B	-2.12%
MMM	D	-2.08%
CSCO	B	-2.07%
SPG	B	-2.02%
T	A	-2.01%
BXP	D	-2.0%
TAP	C	-1.9%
CMCSA	B	-1.9%
VTRS	A	-1.88%
OMC	C	-1.84%
HPE	B	-1.77%
IVZ	B	-1.76%
DOC	D	-1.74%
AMCR	D	-1.73%
NEE	D	-1.71%
HST	C	-1.7%
HPQ	B	-1.63%
VLO	C	-1.59%
ARE	D	-1.51%
ADM	D	-1.43%
LKQ	D	-1.41%
APA	D	-1.23%
SWKS	F	-1.23%