FTLS vs. JEPQ ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ)

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.09

Average Daily Volume

129,604

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

JEPQ

J.P. Morgan Nasdaq Equity Premium Income ETF

JEPQ Description

J.P. Morgan Nasdaq Equity Premium Income ETF its a fund to list on the Nasdaq, is an active equity ETF that seeks to deliver an attractive distributable yield while also delivering a significant portion of the returns associated with the fund’s primary benchmark, the Nasdaq-100 Index, with less volatility. This Fund was built for investors that are seeking income while also owning companies that provide exposure to Nasdaq's innovative marketplace. This strategy benefits from the intentionality of an active manager while being delivered through the ETF technology.

Grade (RS Rating)

Last Trade

$54.80

Average Daily Volume

2,956,764

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	JEPQ
30 Days	-0.24%	3.42%
60 Days	1.83%	4.41%
90 Days	1.22%	-0.23%
12 Months	20.51%	26.98%

38 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in JEPQ	Overlap
AAPL	C	7.55%	7.47%	7.47%
AMAT	D	-0.05%	0.55%	-0.05%
AMD	C	-0.03%	1.57%	-0.03%
AMZN	C	2.48%	4.54%	2.48%
ASML	F	-0.57%	0.6%	-0.57%
AVGO	C	1.06%	3.77%	1.06%
CMCSA	C	-0.71%	1.01%	-0.71%
DE	A	-0.58%	0.27%	-0.58%
ETN	C	-0.62%	0.41%	-0.62%
FANG	F	0.84%	0.31%	0.31%
GOOG	D	1.09%	3.82%	1.09%
HON	C	-0.02%	0.65%	-0.02%
INTC	D	-0.29%	0.31%	-0.29%
ISRG	C	-0.34%	1.2%	-0.34%
LIN	B	-0.71%	1.01%	-0.71%
LOW	B	2.11%	0.42%	0.42%
MDLZ	C	-0.44%	0.75%	-0.44%
META	B	1.73%	4.43%	1.73%
MSFT	C	4.63%	6.98%	4.63%
MU	D	-0.17%	0.69%	-0.17%
NFLX	B	-0.15%	1.85%	-0.15%
NOW	C	-0.37%	0.4%	-0.37%
NVDA	C	3.93%	6.39%	3.93%
NXPI	D	-0.1%	0.66%	-0.1%
ORCL	B	-0.85%	0.38%	-0.85%
PANW	D	-0.25%	0.88%	-0.25%
PEP	D	-0.7%	0.83%	-0.7%
QCOM	D	2.02%	0.94%	0.94%
SNPS	F	-0.32%	0.77%	-0.32%
STZ	C	-0.05%	0.33%	-0.05%
TMO	B	-0.04%	0.28%	-0.04%
TMUS	B	1.97%	1.03%	1.03%
TSLA	C	-0.59%	2.37%	-0.59%
TTD	B	-0.06%	0.15%	-0.06%
TTWO	D	-0.32%	0.32%	-0.32%
TXN	B	-0.42%	0.89%	-0.42%
UNH	C	-0.45%	0.33%	-0.45%
VRSK	D	-0.6%	0.4%	-0.6%

FTLS Overweight 346 Positions Relative to JEPQ

Symbol	Grade	Weight
JNJ	C	2.04%
C	C	2.04%
ACN	C	1.98%
SCHW	D	1.85%
PM	C	1.81%
FDX	D	1.76%
CME	B	1.53%
PH	B	1.49%
MPC	F	1.45%
VLO	F	1.43%
MO	C	1.38%
CL	C	1.32%
GOOGL	D	1.31%
USB	C	1.26%
BRK.A	C	1.12%
ILMN	D	1.08%
CTAS	C	1.04%
LNG	D	1.04%
KMI	C	1.0%
TRV	C	0.99%
LLY	D	0.99%
FIS	C	0.96%
HPQ	C	0.96%
TFC	D	0.95%
ALL	C	0.86%
HWM	B	0.85%
SYY	C	0.83%
JPM	D	0.82%
PBR	D	0.78%
NTAP	D	0.77%
AFL	A	0.7%
TOL	A	0.66%
JBL	C	0.64%
SYF	C	0.63%
CROX	C	0.62%
CSL	B	0.59%
NVR	B	0.59%
RL	B	0.59%
INSM	D	0.58%
CF	B	0.54%
VLTO	B	0.53%
PNR	B	0.51%
SWK	B	0.51%
MAS	B	0.48%
NVS	C	0.47%
TWLO	C	0.47%
CAG	B	0.46%
BJ	D	0.45%
OKTA	F	0.45%
VRSN	C	0.45%
EAT	C	0.44%
VICI	C	0.42%
GL	D	0.4%
PENN	D	0.39%
FLEX	B	0.39%
NTRS	C	0.37%
ZIM	B	0.36%
FFIV	B	0.36%
TKO	A	0.34%
EXP	B	0.34%
ASO	D	0.34%
TTC	F	0.33%
DBX	C	0.32%
WRB	D	0.31%
CRS	C	0.31%
CCK	B	0.31%
PI	B	0.3%
ALLY	F	0.29%
LPX	B	0.29%
JAZZ	D	0.28%
SNA	B	0.27%
RPRX	C	0.26%
SPYV	B	0.26%
SCHV	B	0.26%
IWD	B	0.26%
AYI	B	0.24%
UHS	C	0.23%
CNK	C	0.22%
MSM	D	0.21%
HRB	C	0.21%
STNG	D	0.21%
KNSL	D	0.21%
TWST	D	0.2%
EWBC	C	0.2%
AIZ	B	0.2%
WHD	D	0.2%
MGY	D	0.19%
SAM	D	0.18%
THO	C	0.18%
ALKS	D	0.17%
ADMA	C	0.17%
GLBE	C	0.16%
COLB	B	0.16%
OPCH	C	0.16%
LOGI	D	0.15%
EXEL	C	0.15%
LEG	D	0.15%
ALSN	B	0.15%
PNFP	C	0.14%
CRC	C	0.14%
ORI	B	0.14%
UMBF	C	0.14%
BFAM	C	0.14%
SIGI	D	0.13%
CALM	B	0.13%
AXS	B	0.13%
MTG	B	0.13%
TXG	D	0.13%
PRI	B	0.13%
CBT	B	0.13%
PAA	D	0.13%
CBSH	D	0.12%
GM	C	0.12%
NSA	C	0.12%
GMS	C	0.12%
RDFN	D	0.12%
GFF	C	0.12%
SFM	B	0.12%
MATX	B	0.12%
AM	B	0.11%
ZWS	B	0.11%
SMPL	D	0.11%
MMS	B	0.11%
GRBK	B	0.11%
HESM	D	0.11%
CSWI	B	0.11%
WGO	D	0.11%
YOU	B	0.11%
SKYW	C	0.11%
KRG	C	0.11%
ABM	D	0.1%
TBBK	C	0.1%
PPC	D	0.1%
LCII	C	0.1%
DBRG	D	0.1%
ESNT	B	0.1%
VRNA	C	0.1%
FTDR	B	0.1%
ENLC	B	0.1%
KFY	C	0.09%
EPR	C	0.09%
TCBI	C	0.09%
FOLD	F	0.09%
THG	C	0.09%
EXTR	C	0.09%
CARG	C	0.08%
LANC	F	0.08%
TRMD	D	0.08%
GBCI	C	0.08%
CUBI	F	0.08%
LOPE	D	0.08%
MQ	F	0.08%
VCYT	C	0.08%
REVG	D	0.07%
KMPR	D	0.07%
BOH	D	0.07%
OTEX	D	0.07%
AVNT	B	0.07%
UBSI	D	0.07%
HAYW	C	0.07%
MYGN	D	0.07%
NMIH	C	0.07%
RLI	B	0.07%
BCRX	D	0.07%
AZZ	C	0.07%
PRGS	A	0.07%
CDNA	C	0.06%
GSL	D	0.06%
SUPN	D	0.06%
ROIC	C	0.06%
AUB	D	0.06%
PLMR	C	0.06%
WMB	C	0.06%
COLL	C	0.06%
WFG	B	0.06%
BRC	B	0.06%
FHB	D	0.06%
AMPH	D	0.06%
PLXS	B	0.06%
ICFI	C	0.06%
EBC	C	0.06%
ADUS	C	0.06%
PBH	C	0.06%
WOLF	F	-0.02%
FSLR	C	-0.02%
KD	F	-0.02%
AER	C	-0.02%
SAIA	D	-0.02%
LKFN	D	-0.02%
NVEE	F	-0.02%
ENS	C	-0.02%
ARM	C	-0.02%
COHR	C	-0.02%
IBOC	D	-0.02%
CVX	F	-0.02%
EA	D	-0.02%
CFLT	F	-0.03%
WMT	B	-0.03%
GPRE	F	-0.03%
GKOS	C	-0.03%
ATEC	F	-0.03%
ASPN	C	-0.03%
OSIS	C	-0.03%
RXST	D	-0.03%
DIOD	F	-0.03%
PSMT	B	-0.03%
CLH	C	-0.03%
RUN	D	-0.03%
ARLO	D	-0.03%
COTY	D	-0.03%
ICHR	D	-0.03%
RIVN	F	-0.03%
UWMC	D	-0.03%
UPST	C	-0.03%
BIRK	F	-0.03%
MARA	D	-0.03%
NWSA	D	-0.03%
BE	F	-0.03%
RCL	B	-0.03%
FRO	D	-0.03%
HLN	B	-0.03%
PAR	D	-0.03%
CRDO	D	-0.03%
SLGN	B	-0.03%
VIST	D	-0.03%
VSAT	F	-0.03%
FAST	C	-0.03%
CBU	D	-0.03%
DNB	D	-0.03%
ERJ	C	-0.04%
UTZ	C	-0.04%
NEOG	D	-0.04%
AMRK	C	-0.04%
AMRC	B	-0.04%
FFIN	C	-0.04%
BVN	D	-0.04%
MP	C	-0.04%
GE	C	-0.04%
EQT	C	-0.04%
LYFT	D	-0.04%
APPN	C	-0.04%
SOFI	D	-0.04%
RDY	D	-0.04%
IRTC	F	-0.04%
OSK	F	-0.04%
HHH	C	-0.04%
ENR	D	-0.04%
BURL	C	-0.04%
PRCT	C	-0.04%
LMND	F	-0.04%
SDGR	F	-0.04%
ALB	D	-0.04%
AZTA	F	-0.04%
CNNE	F	-0.04%
ACIW	B	-0.05%
CTRA	F	-0.05%
GATX	D	-0.05%
W	C	-0.05%
RH	C	-0.05%
APO	B	-0.06%
ZD	D	-0.06%
WST	D	-0.06%
ACVA	C	-0.06%
VAL	F	-0.07%
DLB	D	-0.07%
MSA	D	-0.07%
MUFG	D	-0.07%
COP	F	-0.07%
AVAV	C	-0.07%
SE	B	-0.07%
VRRM	D	-0.07%
AEO	D	-0.07%
SSB	C	-0.08%
KTOS	B	-0.08%
VNT	F	-0.08%
R	C	-0.09%
BA	F	-0.09%
CDW	D	-0.09%
CCOI	C	-0.09%
MMYT	D	-0.09%
HCA	B	-0.09%
CHK	C	-0.09%
TRMB	C	-0.09%
AVY	C	-0.09%
HAE	D	-0.1%
MAT	D	-0.1%
VVV	D	-0.11%
DY	C	-0.11%
IDCC	B	-0.12%
ARGX	B	-0.12%
ING	C	-0.13%
NSIT	C	-0.13%
STM	F	-0.13%
BKR	C	-0.13%
GPC	D	-0.13%
HQY	C	-0.13%
KEYS	B	-0.14%
SLB	F	-0.14%
ABT	C	-0.16%
VMC	C	-0.16%
PKG	B	-0.16%
STE	B	-0.17%
HII	F	-0.18%
TM	D	-0.18%
BWXT	A	-0.18%
ASX	C	-0.18%
SYK	C	-0.19%
INFY	C	-0.2%
GWRE	B	-0.21%
IPG	C	-0.21%
URI	B	-0.22%
GSK	D	-0.23%
PCAR	D	-0.23%
HSBC	B	-0.24%
EFX	C	-0.25%
FMX	F	-0.26%
TYL	C	-0.27%
KR	B	-0.27%
CCEP	C	-0.28%
DEO	C	-0.29%
NSC	C	-0.3%
SAP	B	-0.31%
OMC	B	-0.31%
WAT	B	-0.31%
PG	C	-0.31%
BABA	B	-0.32%
GEHC	B	-0.34%
MMM	B	-0.35%
CMI	B	-0.36%
GEV	B	-0.37%
LMT	A	-0.39%
UL	B	-0.39%
BK	B	-0.4%
ZBH	F	-0.41%
MSI	B	-0.45%
HDB	C	-0.46%
MCD	B	-0.48%
WM	D	-0.5%
MLM	D	-0.5%
XOM	D	-0.51%
PNC	C	-0.53%
PAYX	C	-0.61%
GD	C	-0.64%
DIS	D	-0.73%
CDNS	D	-0.74%
APD	B	-0.74%

FTLS Underweight 49 Positions Relative to JEPQ

Symbol	Grade	Weight
COST	C	-1.67%
INTU	D	-1.31%
ADBE	F	-1.13%
BKNG	B	-1.09%
REGN	D	-1.0%
ADI	C	-0.98%
CSCO	B	-0.94%
VRTX	D	-0.86%
LRCX	D	-0.8%
MELI	C	-0.68%
ORLY	B	-0.6%
CSX	C	-0.6%
ABBV	B	-0.52%
CPRT	D	-0.52%
KO	B	-0.51%
MAR	B	-0.51%
MRVL	D	-0.5%
AMGN	D	-0.48%
CRWD	D	-0.41%
NEE	B	-0.39%
MNST	D	-0.39%
CMG	D	-0.39%
SBUX	C	-0.39%
SO	B	-0.35%
XEL	B	-0.33%
STX	B	-0.33%
MA	B	-0.31%
KHC	C	-0.3%
UBER	C	-0.28%
DXCM	F	-0.26%
BMY	C	-0.26%
WDAY	D	-0.26%
BIIB	F	-0.26%
PYPL	B	-0.25%
HUBS	D	-0.25%
CHTR	D	-0.24%
ROST	C	-0.23%
PLD	C	-0.23%
CPAY	B	-0.21%
TER	C	-0.21%
DASH	B	-0.2%
MDB	D	-0.16%
UPS	D	-0.15%
CTSH	B	-0.13%
ABNB	D	-0.12%
DLTR	F	-0.12%
LULU	D	-0.09%
ANSS	D	-0.08%
SMCI	F	-0.07%