FPE vs. TBFC ETF Comparison

Comparison of First Trust Preferred Securities and Income ETF ETF (FPE) to The Brinsmere Fund Conservative ETF (TBFC)

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.82

Average Daily Volume

1,212,299

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

TBFC

The Brinsmere Fund Conservative ETF

TBFC Description

TBFC is designed to deliver multi-asset exposure while seeking long-term capital appreciation with capital preservation. It holds funds that represent the broad equity and bond markets as selected based on a set of risk-management techniques of two independent proprietary strategies. The Systematic Market Beta Strategy (SMB) and the Classic Asset Allocation Revisited Strategy (CAAR) are rules-based, tactical asset allocation investment strategies used to systematically rebalance the funds holdings. The former aims to reduce risk and enhance performance based on market risk assessments, while the latter seeks tactical adaptation to changing market conditions using mean-variance optimization. The fund employs a conservative model of CAAR with a 20% equity floor target and a 40% equity cap. Both strategies are re-evaluated and rebalanced monthly. TBGC launched alongside its sister fund, TBFG, which seeks a growth-focused portfolio.

Grade (RS Rating)

Last Trade

$26.82

Average Daily Volume

1,062

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FPE	TBFC
30 Days	-1.38%	-1.13%
60 Days	-1.19%	0.28%
90 Days	1.14%	4.09%
12 Months	16.31%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPE	Weight in TBFC	Overlap
	SHV	A	1.08%	4.33%	1.08%

FPE Overweight 17 Positions Relative to TBFC

	Symbol	Grade	Weight
	BIL	A	1.2%
	USFR	A	1.19%
	UZE	B	0.52%
	AQNB	C	0.46%
	BPYPN	C	0.36%
	BPYPO	D	0.31%
	SREA	D	0.2%
	AIZN	D	0.2%
	T	A	0.18%
	WTFCP	A	0.18%
	CMSC	C	0.16%
	CHSCM	D	0.13%
	CMSD	C	0.11%
	MGR	D	0.04%
	DTW	D	0.03%
	AGNC	C	0.01%
	ACGLO	D	0.0%

FPE Underweight 8 Positions Relative to TBFC

	Symbol	Grade	Weight
	RSP	A	-10.43%
	VCIT	D	-5.58%
	EMXC	D	-3.04%
	IWP	A	-2.27%
	MGK	B	-1.56%
	XLRE	C	-1.42%
	BCI	C	-1.23%
	PDBC	C	-0.25%

FPE: Top Represented Industries & Keywords

Industries: Other Real Estate Services Banks - Regional Farm Products Insurance - Diversified REIT - Residential Telecom Services

Keywords: U.S. Treasury Bond Brookfield Asset Management Brookfield Property Partners Core Office ETF Electricity Exchange Traded Fund Mortgage Backed Security Mortgage Loan Natural Gas Natural Gas Storage Protection Products Real Estate Funds Retail Properties Affiliated Managers Group Agribusiness Agriculture American Capital American Depositary Receipt

TBFC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Capitalization Weighted Index Commodity Markets Bear Market ETF Bloomberg Commodity Index Bond Fund Bond Market Bond Market Indices Commodity Commodity Price Index Commodity Price Indices Commodity Trading Advisor Corporate Bond Economic Geography Emerging Market Exchange Traded Funds