FIW vs. IGV ETF Comparison

Comparison of First Trust ISE Water Index Fund (FIW) to iShares Expanded Tech-Software Sector ETF (IGV)

FIW

First Trust ISE Water Index Fund

FIW 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 ISE Water Index(TM). 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 index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$99.91

Average Daily Volume

36,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$81.09

Average Daily Volume

3,161,260

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FIW	IGV
30 Days	-2.05%	-5.08%
60 Days	2.87%	-5.15%
90 Days	8.37%	-4.39%
12 Months	23.07%	37.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in FIW	Weight in IGV	Overlap
	ROP	D	3.94%	2.61%	2.61%

FIW Overweight 32 Positions Relative to IGV

Symbol	Grade	Weight
VLTO	A	4.2%
XYL	A	4.04%
AWK	C	4.0%
IEX	D	3.88%
A	C	3.88%
ECL	C	3.88%
AOS	B	3.65%
ACM	A	3.63%
WTRG	B	3.59%
PNR	C	3.54%
WAT	C	3.53%
CNM	A	3.41%
WMS	C	3.34%
IDXX	D	3.32%
MLI	A	3.11%
TTEK	A	3.1%
WTS	D	2.99%
PRMW	A	2.28%
BMI	A	2.27%
FLS	A	2.16%
ZWS	D	2.01%
VMI	F	1.99%
CWT	C	1.97%
ITRI	A	1.96%
FELE	B	1.95%
AWR	D	1.92%
HWKN	B	1.34%
SBS	B	1.26%
MWA	A	1.26%
LNN	D	1.22%
SJW	F	1.22%
MEG	A	1.17%

FIW Underweight 113 Positions Relative to IGV

Symbol	Grade	Weight
MSFT	D	-9.1%
CRM	D	-8.34%
ORCL	C	-8.13%
ADBE	D	-7.8%
INTU	C	-7.52%
NOW	D	-4.85%
PANW	B	-4.01%
SNPS	C	-3.56%
CDNS	D	-3.49%
CRWD	C	-2.94%
WDAY	F	-2.41%
ADSK	F	-2.12%
FTNT	D	-1.85%
PLTR	C	-1.8%
DDOG	B	-1.66%
HUBS	B	-1.45%
EA	D	-1.42%
TEAM	F	-1.38%
ANSS	C	-1.28%
FICO	D	-1.28%
TTWO	D	-1.02%
PTC	C	-0.96%
MSTR	D	-0.8%
TYL	A	-0.78%
ZM	D	-0.7%
ZS	D	-0.69%
NTNX	C	-0.65%
MANH	F	-0.64%
APP	A	-0.56%
BSY	A	-0.55%
GEN	C	-0.53%
SNAP	A	-0.53%
DOCU	A	-0.52%
DT	D	-0.5%
OTEX	D	-0.44%
GWRE	C	-0.4%
ESTC	B	-0.36%
PATH	D	-0.35%
DSGX	A	-0.35%
PCOR	D	-0.29%
QLYS	A	-0.28%
SPSC	C	-0.28%
DBX	C	-0.27%
CFLT	C	-0.27%
BILL	F	-0.26%
U	F	-0.25%
AZPN	C	-0.25%
IOT	B	-0.24%
TENB	C	-0.24%
S	C	-0.23%
SMAR	D	-0.23%
VRNS	C	-0.22%
ALTR	C	-0.21%
GTLB	C	-0.21%
DLB	D	-0.21%
APPF	B	-0.2%
DV	D	-0.19%
CVLT	B	-0.19%
FIVN	D	-0.19%
BOX	D	-0.18%
MARA	D	-0.17%
WK	D	-0.17%
ACIW	A	-0.16%
TDC	D	-0.16%
CCCS	C	-0.15%
ALRM	C	-0.15%
BLKB	B	-0.15%
ENV	A	-0.15%
FRSH	D	-0.14%
HCP	A	-0.13%
BL	C	-0.13%
QTWO	A	-0.13%
RPD	D	-0.12%
CWAN	F	-0.11%
PEGA	C	-0.11%
RNG	D	-0.11%
IDCC	C	-0.11%
SPT	F	-0.11%
RAMP	D	-0.1%
AUR	B	-0.1%
PRGS	F	-0.1%
RIOT	D	-0.09%
PD	D	-0.09%
AI	F	-0.09%
BRZE	D	-0.09%
AGYS	A	-0.08%
ZETA	A	-0.08%
LSPD	D	-0.08%
NCNO	F	-0.08%
VRNT	B	-0.08%
PRO	D	-0.07%
EVBG	B	-0.07%
APPN	C	-0.07%
BB	B	-0.07%
YOU	F	-0.07%
VYX	D	-0.07%
INTA	D	-0.06%
ZUO	A	-0.06%
VERX	B	-0.06%
CXM	D	-0.06%
PWSC	F	-0.05%
MODN	B	-0.05%
ADEA	D	-0.05%
ASAN	D	-0.05%
NABL	D	-0.04%
ATEN	B	-0.04%
ALKT	B	-0.04%
JAMF	A	-0.04%
SWI	C	-0.03%
ETWO	B	-0.03%
AVPT	B	-0.03%
MLNK	D	-0.02%
MTTR	A	-0.02%