FOVL vs. FDL ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to First Trust Morningstar ETF (FDL)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.88

Average Daily Volume

2,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	FOVL	FDL
30 Days	7.28%	2.77%
60 Days	10.70%	4.11%
90 Days	14.43%	6.49%
12 Months	47.41%	33.82%

17 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in FDL	Overlap
CMA	A	2.69%	0.33%	0.33%
CRI	D	1.89%	0.06%	0.06%
ETR	B	2.7%	0.82%	0.82%
EVRG	A	2.44%	0.44%	0.44%
FHB	A	2.76%	0.11%	0.11%
FHN	A	3.04%	0.31%	0.31%
FITB	A	2.57%	0.78%	0.78%
JHG	A	2.75%	0.19%	0.19%
OGE	B	2.5%	0.25%	0.25%
OZK	B	2.63%	0.15%	0.15%
PNC	B	2.6%	2.12%	2.12%
PNW	B	2.47%	0.29%	0.29%
PRGO	B	2.42%	0.11%	0.11%
RF	A	2.68%	0.75%	0.75%
UGI	A	2.32%	0.22%	0.22%
USB	A	2.63%	2.44%	2.44%
VZ	C	2.22%	7.42%	2.22%

FOVL Overweight 23 Positions Relative to FDL

Symbol	Grade	Weight
DFS	B	2.92%
MTB	A	2.85%
NTRS	A	2.83%
FNB	A	2.79%
BAC	A	2.74%
WTM	A	2.72%
ALK	C	2.71%
AXS	A	2.59%
HPE	B	2.49%
CMCSA	B	2.44%
MET	A	2.42%
VOYA	B	2.38%
D	C	2.36%
CNA	B	2.35%
AVT	C	2.32%
PFG	D	2.31%
MTG	C	2.28%
RNR	C	2.27%
CWEN	C	2.19%
RPRX	D	2.18%
BG	F	2.14%
ADM	D	2.08%
CNXC	F	1.81%

FOVL Underweight 83 Positions Relative to FDL

Symbol	Grade	Weight
CVX	A	-9.22%
ABBV	D	-6.79%
PFE	D	-5.94%
PM	B	-5.87%
MO	A	-4.96%
IBM	C	-4.35%
UPS	C	-3.49%
GILD	C	-3.11%
CVS	D	-2.33%
TFC	A	-2.19%
DUK	C	-2.18%
KMI	A	-2.06%
OKE	A	-1.96%
F	C	-1.78%
PRU	A	-1.46%
FANG	D	-1.25%
DOW	F	-1.23%
AEP	D	-1.21%
KMB	D	-1.08%
EXC	C	-1.04%
XEL	A	-0.93%
KHC	F	-0.91%
TROW	B	-0.9%
LYB	F	-0.87%
EIX	B	-0.83%
HBAN	A	-0.78%
WEC	A	-0.76%
STT	A	-0.67%
KEY	B	-0.66%
CFG	B	-0.64%
ES	D	-0.64%
FE	C	-0.57%
AEE	A	-0.54%
BBY	D	-0.49%
CLX	B	-0.43%
OMF	A	-0.42%
K	A	-0.42%
CAG	D	-0.41%
FNF	B	-0.37%
LNT	A	-0.35%
WHR	B	-0.33%
IPG	D	-0.33%
CNH	C	-0.32%
SJM	D	-0.31%
SWK	D	-0.31%
BEN	C	-0.28%
COLB	A	-0.28%
LNC	B	-0.26%
MTN	C	-0.24%
HAS	D	-0.24%
ZION	B	-0.23%
SNV	B	-0.21%
WU	D	-0.2%
FMC	D	-0.19%
APAM	B	-0.17%
VLY	B	-0.17%
FAF	A	-0.16%
UBSI	B	-0.16%
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%
PNM	F	-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%
SIRI	C	-0.05%
GEF	A	-0.01%