FDL vs. VLUE ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to iShares MSCI USA Value Factor (VLUE)

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

$42.83

Average Daily Volume

361,610

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$112.86

Average Daily Volume

327,542

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	FDL	VLUE
30 Days	1.78%	3.29%
60 Days	3.28%	4.96%
90 Days	5.24%	6.43%
12 Months	32.24%	24.26%

29 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in VLUE	Overlap
BBY	D	0.49%	0.38%	0.38%
BEN	C	0.28%	0.06%	0.06%
CAG	F	0.41%	0.23%	0.23%
CFG	B	0.64%	0.26%	0.26%
CNH	C	0.32%	0.17%	0.17%
CVS	D	2.33%	1.46%	1.46%
DOW	F	1.23%	0.23%	0.23%
ES	C	0.64%	0.22%	0.22%
EVRG	A	0.44%	0.27%	0.27%
F	C	1.78%	1.68%	1.68%
FANG	C	1.25%	0.6%	0.6%
FITB	B	0.78%	0.21%	0.21%
FNF	B	0.37%	0.09%	0.09%
GILD	C	3.11%	1.29%	1.29%
HBAN	A	0.78%	0.17%	0.17%
IBM	C	4.35%	3.86%	3.86%
KEY	B	0.66%	0.13%	0.13%
KHC	F	0.91%	0.74%	0.74%
LYB	F	0.87%	0.22%	0.22%
MO	A	4.96%	1.45%	1.45%
PFE	F	5.94%	2.07%	2.07%
PRU	A	1.46%	0.45%	0.45%
RF	A	0.75%	0.2%	0.2%
SJM	D	0.31%	0.22%	0.22%
STT	B	0.67%	0.26%	0.26%
SWK	D	0.31%	0.1%	0.1%
TFC	A	2.19%	0.54%	0.54%
USB	A	2.44%	0.48%	0.48%
VZ	C	7.42%	2.91%	2.91%

FDL Overweight 71 Positions Relative to VLUE

Symbol	Grade	Weight
CVX	A	9.22%
ABBV	F	6.79%
PM	B	5.87%
UPS	C	3.49%
DUK	C	2.18%
PNC	B	2.12%
KMI	A	2.06%
OKE	A	1.96%
AEP	C	1.21%
KMB	C	1.08%
EXC	C	1.04%
XEL	A	0.93%
TROW	B	0.9%
EIX	B	0.83%
ETR	B	0.82%
WEC	A	0.76%
FE	C	0.57%
AEE	A	0.54%
CLX	A	0.43%
OMF	A	0.42%
K	A	0.42%
LNT	A	0.35%
CMA	B	0.33%
WHR	B	0.33%
IPG	D	0.33%
FHN	A	0.31%
PNW	A	0.29%
COLB	B	0.28%
LNC	C	0.26%
OGE	A	0.25%
MTN	C	0.24%
HAS	D	0.24%
ZION	B	0.23%
UGI	C	0.22%
SNV	C	0.21%
WU	F	0.2%
FMC	D	0.19%
JHG	B	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	C	0.11%
PRGO	C	0.11%
PNM	B	0.11%
FHB	B	0.11%
MSM	C	0.11%
MAN	F	0.1%
OGS	A	0.1%
AVA	B	0.1%
CATY	B	0.09%
AGR	A	0.09%
SMG	C	0.09%
FHI	B	0.09%
LCII	C	0.08%
CRI	F	0.06%
SIRI	C	0.05%
GEF	A	0.01%

FDL Underweight 119 Positions Relative to VLUE

Symbol	Grade	Weight
CSCO	B	-6.43%
T	A	-6.04%
INTC	C	-3.65%
GM	C	-3.6%
AMAT	F	-2.37%
BAC	A	-2.25%
WFC	A	-1.92%
C	A	-1.78%
RTX	D	-1.77%
BMY	B	-1.55%
LEN	C	-1.49%
GS	A	-1.43%
DHI	F	-1.4%
HPE	B	-1.4%
CI	D	-1.37%
SPG	A	-1.26%
HPQ	B	-1.19%
FDX	B	-1.18%
NXPI	D	-1.12%
GLW	B	-1.1%
CTSH	B	-1.1%
TEL	B	-1.02%
ELV	F	-0.97%
PHM	D	-0.94%
DELL	B	-0.84%
VLO	C	-0.78%
URI	C	-0.77%
PCAR	B	-0.76%
KR	B	-0.75%
WBD	B	-0.7%
ON	D	-0.67%
COF	C	-0.66%
ADM	D	-0.65%
PCG	A	-0.63%
JCI	B	-0.61%
CMI	A	-0.6%
CNC	D	-0.57%
WY	F	-0.55%
LHX	C	-0.53%
NTAP	C	-0.52%
AIG	B	-0.5%
EXPE	B	-0.48%
D	C	-0.47%
ZM	C	-0.47%
BK	A	-0.47%
MET	A	-0.46%
SWKS	F	-0.46%
VST	A	-0.45%
VTRS	B	-0.45%
NUE	C	-0.45%
MRO	B	-0.44%
TSN	B	-0.44%
GEN	B	-0.42%
FSLR	F	-0.38%
TAP	C	-0.38%
FFIV	B	-0.37%
BLDR	D	-0.36%
OC	A	-0.36%
CTRA	B	-0.35%
TWLO	A	-0.34%
FOXA	A	-0.33%
OVV	B	-0.33%
JNPR	D	-0.33%
WAB	B	-0.32%
PPL	A	-0.32%
JBL	C	-0.31%
MTB	A	-0.31%
EQT	B	-0.28%
PARA	C	-0.27%
STLD	B	-0.27%
SSNC	B	-0.25%
DAL	B	-0.25%
LKQ	F	-0.24%
SYF	B	-0.24%
LH	B	-0.24%
TXT	D	-0.24%
UTHR	C	-0.23%
ATO	A	-0.23%
AZPN	A	-0.23%
SNA	A	-0.23%
HST	C	-0.23%
WBA	F	-0.22%
HIG	B	-0.22%
GPN	B	-0.21%
BG	D	-0.2%
EXE	A	-0.2%
LDOS	C	-0.19%
IP	A	-0.19%
MAA	B	-0.19%
RPRX	D	-0.19%
DGX	A	-0.19%
KNX	C	-0.19%
FOX	A	-0.18%
UHS	D	-0.18%
QRVO	F	-0.18%
EG	C	-0.17%
MOS	F	-0.17%
CF	A	-0.16%
DINO	D	-0.16%
APA	D	-0.15%
AKAM	D	-0.14%
SOLV	D	-0.14%
L	A	-0.13%
APTV	F	-0.13%
CPT	B	-0.13%
SW	A	-0.13%
FCNCA	A	-0.12%
EQH	C	-0.12%
ACI	C	-0.12%
LUV	C	-0.12%
UHAL	D	-0.11%
FBIN	F	-0.11%
NLY	C	-0.11%
ALLY	C	-0.1%
EMN	C	-0.1%
HII	F	-0.09%
DVA	C	-0.08%
WLK	D	-0.05%
BIO	C	-0.05%