FDM vs. GFOF ETF Comparison

Comparison of First Trust DJ Select MicroCap ETF (FDM) to Grayscale Future of Finance ETF (GFOF)

FDM

First Trust DJ Select MicroCap ETF

FDM 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 Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$72.18

Average Daily Volume

14,647

Number of Holdings ^*

131

* may have additional holdings in another (foreign) market

GFOF

Grayscale Future of Finance ETF

GFOF Description

Grayscale Future of Finance ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Grayscale Advisors, LLC and Vident Investment Advisory, LLC. It It invests in the public equity markets across the globe. The fund seeks to invest in securities of companies operating in the enabling of buying, selling, and transacting in digital assets, the development of the infrastructure to create applications utilizing blockchain technology, the supply of infrastructure around the digital asset ecosystem, and the mining of digital assets. The fund invests in growth and value stocks of companies across all market capitalizations. The fund seeks to track the performance of the Bloomberg Grayscale Future of Finance Index, by using full replication technique. Grayscale Future of Finance ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.91

Average Daily Volume

2,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDM	GFOF
30 Days	12.40%	30.62%
60 Days	13.48%	50.59%
90 Days	12.98%	44.51%
12 Months	31.66%	137.81%

1 Overlapping Holdings

	Symbol	Grade	Weight in FDM	Weight in GFOF	Overlap
	CMPO	A	0.68%	1.79%	0.68%

FDM Overweight 130 Positions Relative to GFOF

Symbol	Grade	Weight
LEU	C	1.98%
TPB	B	1.79%
VMEO	B	1.78%
LMB	A	1.59%
ASTE	B	1.48%
BJRI	B	1.47%
CPF	A	1.46%
GLDD	B	1.42%
IBCP	B	1.38%
ASIX	A	1.38%
HCKT	B	1.35%
HAYN	C	1.34%
MLR	B	1.34%
NBN	B	1.16%
ETD	C	1.15%
ANET	C	1.14%
RGR	F	1.13%
PTLO	F	1.13%
IMXI	B	1.13%
MCB	B	1.1%
SMBC	B	1.08%
EZPW	A	1.08%
SPTN	D	1.06%
SNCY	C	1.05%
SWBI	C	1.02%
PLOW	D	1.01%
DAKT	B	1.01%
UVE	B	1.0%
WLFC	B	0.99%
LQDT	B	0.97%
EGY	D	0.96%
WLDN	D	0.96%
NWPX	A	0.92%
CCBG	B	0.92%
LYTS	B	0.92%
MPB	B	0.88%
SHBI	A	0.86%
KELYA	F	0.85%
CSV	B	0.85%
KE	C	0.85%
AROW	B	0.84%
EE	A	0.82%
DHIL	A	0.82%
ESQ	A	0.82%
MOFG	A	0.82%
NRIM	A	0.81%
ARKO	C	0.8%
TIPT	B	0.8%
LINC	B	0.79%
TTI	C	0.79%
LXU	B	0.78%
TRDA	B	0.77%
CCSI	C	0.77%
HNRG	B	0.75%
FISI	A	0.73%
FC	F	0.71%
FMAO	B	0.7%
ITIC	B	0.7%
PLPC	B	0.69%
BSRR	B	0.69%
WRLD	C	0.68%
NPK	B	0.68%
NECB	B	0.67%
USAP	B	0.67%
DCGO	C	0.65%
GLRE	B	0.65%
TCMD	A	0.65%
SD	D	0.65%
CWCO	C	0.64%
LGTY	D	0.63%
ODC	C	0.62%
RMR	F	0.62%
OPY	B	0.62%
CENT	C	0.61%
NGVC	A	0.6%
NEWT	B	0.6%
KODK	B	0.59%
INBK	B	0.57%
ARTNA	D	0.56%
REPX	A	0.55%
ACIC	B	0.55%
CCRN	F	0.55%
SENEA	B	0.53%
LOCO	D	0.53%
MOV	C	0.53%
HVT	D	0.52%
LEGH	D	0.5%
RM	D	0.48%
MCFT	B	0.47%
VPG	D	0.46%
PKOH	B	0.46%
SIGA	F	0.45%
AMPY	C	0.44%
HRTG	C	0.44%
CRCT	F	0.44%
FSTR	B	0.43%
TASK	C	0.41%
NGS	B	0.41%
PWOD	A	0.37%
VLGEA	B	0.37%
KRT	A	0.36%
FLXS	B	0.35%
MITT	D	0.35%
NATR	C	0.34%
JILL	C	0.33%
SGC	C	0.33%
LSEA	D	0.33%
JRVR	F	0.31%
REI	D	0.3%
EML	D	0.29%
RCKY	F	0.28%
EARN	C	0.28%
ACTG	D	0.28%
ESOA	A	0.27%
AVNW	F	0.27%
BTMD	C	0.26%
VIRC	B	0.25%
FF	D	0.24%
ACU	B	0.24%
PEBK	B	0.24%
TAYD	D	0.24%
LAKE	B	0.24%
TWIN	F	0.23%
BBCP	C	0.23%
HBB	F	0.21%
LWAY	D	0.2%
FEIM	B	0.19%
INTT	C	0.16%
KEQU	C	0.14%
CSPI	C	0.14%

FDM Underweight 13 Positions Relative to GFOF

Symbol	Grade	Weight
COIN	C	-10.32%
HOOD	B	-8.47%
MARA	C	-7.43%
SQ	B	-7.11%
PYPL	B	-6.22%
CIFR	B	-5.64%
WULF	C	-4.76%
RIOT	C	-4.55%
CLSK	C	-4.02%
APLD	A	-3.88%
IREN	C	-3.41%
BTBT	C	-2.65%
CAN	C	-2.14%