FDL vs. ULVM ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$86.63

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FDL	ULVM
30 Days	2.77%	6.04%
60 Days	4.11%	7.87%
90 Days	6.49%	10.00%
12 Months	33.82%	37.10%

17 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in ULVM	Overlap
CFG	B	0.64%	0.67%	0.64%
CVS	D	2.33%	0.56%	0.56%
DOW	F	1.23%	0.82%	0.82%
DUK	C	2.18%	1.16%	1.16%
ETR	B	0.82%	1.25%	0.82%
EXC	C	1.04%	0.85%	0.85%
F	C	1.78%	0.48%	0.48%
FANG	D	1.25%	0.7%	0.7%
FITB	A	0.78%	0.78%	0.78%
IBM	C	4.35%	0.84%	0.84%
KEY	B	0.66%	0.63%	0.63%
KHC	F	0.91%	0.83%	0.83%
KMI	A	2.06%	1.42%	1.42%
LYB	F	0.87%	0.86%	0.86%
PFE	D	5.94%	0.68%	0.68%
TFC	A	2.19%	0.74%	0.74%
VZ	C	7.42%	0.88%	0.88%

FDL Overweight 83 Positions Relative to ULVM

Symbol	Grade	Weight
CVX	A	9.22%
ABBV	D	6.79%
PM	B	5.87%
MO	A	4.96%
UPS	C	3.49%
GILD	C	3.11%
USB	A	2.44%
PNC	B	2.12%
OKE	A	1.96%
PRU	A	1.46%
AEP	D	1.21%
KMB	D	1.08%
XEL	A	0.93%
TROW	B	0.9%
EIX	B	0.83%
HBAN	A	0.78%
WEC	A	0.76%
RF	A	0.75%
STT	A	0.67%
ES	D	0.64%
FE	C	0.57%
AEE	A	0.54%
BBY	D	0.49%
EVRG	A	0.44%
CLX	B	0.43%
OMF	A	0.42%
K	A	0.42%
CAG	D	0.41%
FNF	B	0.37%
LNT	A	0.35%
CMA	A	0.33%
WHR	B	0.33%
IPG	D	0.33%
CNH	C	0.32%
FHN	A	0.31%
SJM	D	0.31%
SWK	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%
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%
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 108 Positions Relative to ULVM

Symbol	Grade	Weight
BRK.A	B	-1.39%
FI	A	-1.36%
L	A	-1.28%
BK	A	-1.23%
TRGP	B	-1.22%
LMT	D	-1.21%
WELL	A	-1.2%
WMT	A	-1.18%
BSX	B	-1.18%
PEG	A	-1.18%
GD	F	-1.17%
PKG	A	-1.13%
LDOS	C	-1.11%
T	A	-1.07%
JPM	A	-1.05%
WAB	B	-1.05%
FOXA	B	-1.04%
SSNC	B	-1.03%
RTX	C	-1.03%
KR	B	-1.0%
AVB	B	-0.99%
HIG	B	-0.99%
GDDY	A	-0.98%
GS	A	-0.98%
CTSH	B	-0.97%
APP	B	-0.95%
MCK	B	-0.95%
COST	B	-0.95%
WFC	A	-0.94%
BAC	A	-0.93%
EQH	B	-0.93%
AIG	B	-0.93%
COF	B	-0.93%
DGX	A	-0.92%
DAL	C	-0.91%
AXP	A	-0.91%
MLM	B	-0.9%
NWSA	B	-0.9%
UAL	A	-0.89%
VICI	C	-0.89%
TSN	B	-0.89%
ESS	B	-0.88%
CI	F	-0.88%
RGA	A	-0.87%
SPG	B	-0.86%
GRMN	B	-0.85%
WY	D	-0.84%
KIM	A	-0.84%
C	A	-0.83%
SYF	B	-0.83%
APH	A	-0.82%
IR	B	-0.81%
EME	C	-0.79%
STLD	B	-0.78%
TXT	D	-0.78%
CBRE	B	-0.77%
CSL	C	-0.77%
IRM	D	-0.77%
NVR	D	-0.77%
GM	B	-0.76%
GOOGL	C	-0.74%
IP	B	-0.73%
KKR	A	-0.72%
REGN	F	-0.72%
OC	A	-0.72%
VTRS	A	-0.71%
ELV	F	-0.71%
CASY	A	-0.71%
PSX	C	-0.7%
HCA	F	-0.7%
FCNCA	A	-0.69%
DD	D	-0.68%
UTHR	C	-0.68%
GE	D	-0.67%
CRBG	B	-0.67%
HWM	A	-0.64%
VLO	C	-0.62%
VST	B	-0.61%
HPQ	B	-0.6%
FDX	B	-0.6%
HPE	B	-0.59%
PHM	D	-0.59%
ARE	D	-0.58%
MPC	D	-0.58%
MSTR	C	-0.58%
NTAP	C	-0.57%
URI	B	-0.57%
THC	D	-0.56%
LEN	D	-0.55%
TOL	B	-0.54%
CNC	D	-0.54%
META	D	-0.53%
LLY	F	-0.51%
ALLY	C	-0.49%
VRT	B	-0.49%
DHI	D	-0.47%
WDC	D	-0.46%
ADM	D	-0.44%
AVGO	D	-0.43%
NVDA	C	-0.42%
BLDR	D	-0.42%
MU	D	-0.41%
INTC	D	-0.41%
SWKS	F	-0.39%
WSM	B	-0.39%
CVNA	B	-0.38%
DELL	C	-0.34%
MRNA	F	-0.16%