FDL vs. WBIY ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to WBI Power Factor High Dividend ETF (WBIY)

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

$37.67

Average Daily Volume

718,732

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WBIY

WBI Power Factor High Dividend ETF

WBIY Description

The investment seeks long term-capital appreciation while also seeking to protect principal during unfavorable market conditions. The fund will seek to achieve its investment objective by using a broad and flexible investment strategy and may invest directly in different types of instruments, such as: stocks and bonds issued by public and private companies and bonds issued by governments and governmental agencies ("Direct Investments"); and shares of funds that invest directly in such instruments. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.17

Average Daily Volume

11,270

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDL	WBIY
30 Days	-1.44%	-3.65%
60 Days	3.92%	1.38%
90 Days	4.69%	2.86%
12 Months	16.68%	23.45%

25 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in WBIY	Overlap
ASB	A	0.1%	0.51%	0.1%
BBY	D	0.49%	4.57%	0.49%
BKH	B	0.14%	1.03%	0.14%
CFG	A	0.6%	2.61%	0.6%
COLB	C	0.23%	1.05%	0.23%
CVI	F	0.05%	1.03%	0.05%
F	C	1.79%	5.01%	1.79%
FIBK	B	0.13%	0.46%	0.13%
FITB	A	0.71%	0.78%	0.71%
FNF	A	0.37%	0.7%	0.37%
HBAN	A	0.67%	0.82%	0.67%
KEY	C	0.58%	2.51%	0.58%
LYB	D	0.99%	4.73%	0.99%
MO	A	5.66%	4.95%	4.95%
OKE	C	1.76%	4.85%	1.76%
PNC	A	1.95%	0.76%	0.76%
PRU	C	1.48%	0.83%	0.83%
RF	B	0.7%	2.05%	0.7%
SNV	C	0.15%	0.74%	0.15%
USB	C	2.24%	0.83%	0.83%
VLY	D	0.13%	0.96%	0.13%
VZ	D	8.47%	4.68%	4.68%
WHR	F	0.26%	4.83%	0.26%
WU	C	0.25%	0.98%	0.25%
ZION	A	0.19%	0.73%	0.19%

FDL Overweight 66 Positions Relative to WBIY

Symbol	Grade	Weight
CVX	B	10.02%
ABBV	D	7.55%
PFE	D	7.32%
PM	A	6.56%
IBM	D	3.92%
C	A	3.33%
MMM	A	2.74%
DUK	A	2.59%
PXD	B	2.57%
SO	A	2.46%
TFC	A	2.18%
WMB	B	1.74%
DVN	B	1.69%
PSX	D	1.33%
MET	D	1.0%
EIX	A	0.96%
TROW	D	0.79%
ETR	A	0.77%
IFF	B	0.7%
MTB	A	0.69%
FE	A	0.67%
NTRS	C	0.49%
EVRG	B	0.46%
WBA	F	0.46%
NRG	A	0.34%
PNW	B	0.33%
HAS	B	0.33%
EMN	A	0.32%
PKG	C	0.31%
CMA	B	0.29%
OGE	A	0.27%
ALLY	A	0.27%
UGI	C	0.26%
FHN	A	0.26%
LNC	D	0.24%
EWBC	A	0.23%
BEN	F	0.22%
DINO	F	0.22%
CG	D	0.19%
WBS	D	0.18%
JHG	B	0.15%
UBSI	D	0.14%
SR	B	0.13%
FNB	A	0.13%
OZK	B	0.13%
CADE	B	0.13%
ALE	A	0.13%
NWE	B	0.12%
ONB	A	0.12%
AVA	B	0.12%
SWX	A	0.11%
NYCB	D	0.11%
AGR	B	0.11%
MAN	B	0.11%
FHB	A	0.1%
GBCI	C	0.1%
SMG	C	0.09%
MDU	A	0.09%
UCBI	B	0.08%
CRI	F	0.07%
INDB	C	0.07%
ARCH	D	0.07%
CATY	D	0.06%
CNS	D	0.04%
AAP	D	0.04%
GEF	D	0.01%

FDL Underweight 25 Positions Relative to WBIY

Symbol	Grade	Weight
KSS	F	-5.06%
D	A	-4.92%
T	C	-4.9%
KMI	A	-4.82%
BMY	F	-4.72%
DOW	C	-4.7%
CAG	B	-4.68%
KHC	B	-2.27%
CBRL	F	-1.66%
OGN	B	-1.44%
HESM	C	-1.07%
JXN	A	-0.86%
OMF	A	-0.83%
TNL	D	-0.82%
CWEN	B	-0.71%
NWN	B	-0.47%
VIRT	A	-0.35%
CVBF	D	-0.29%
FULT	A	-0.29%
BRY	B	-0.25%
PFS	B	-0.2%
SFNC	D	-0.17%
EGBN	F	-0.14%
HOPE	D	-0.13%
SASR	D	-0.13%