FTLS vs. VCEB ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$65.74

Average Daily Volume

128,344

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.70

Average Daily Volume

37,180

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	VCEB
30 Days	1.17%	-0.53%
60 Days	4.53%	-2.92%
90 Days	3.65%	-1.82%
12 Months	20.51%	7.35%

79 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in VCEB	Overlap
AAPL	C	7.44%	0.01%	0.01%
ABT	B	-0.14%	0.03%	-0.14%
AER	A	-0.02%	0.01%	-0.02%
AFL	B	0.7%	0.05%	0.05%
ALLY	C	0.29%	0.03%	0.03%
AMAT	F	-0.04%	0.01%	-0.04%
AMZN	C	2.74%	0.01%	0.01%
APD	A	-0.7%	0.02%	-0.7%
AVGO	D	1.06%	0.02%	0.02%
BABA	D	-0.28%	0.02%	-0.28%
BK	A	-0.37%	0.01%	-0.37%
C	A	2.18%	0.01%	0.01%
CAG	F	0.38%	0.01%	0.01%
CF	A	0.55%	0.02%	0.02%
CMCSA	B	-0.65%	0.01%	-0.65%
CME	B	1.57%	0.02%	0.02%
CMI	A	-0.36%	0.02%	-0.36%
CSL	C	0.6%	0.02%	0.02%
CTAS	B	1.09%	0.04%	0.04%
DE	B	-0.48%	0.02%	-0.48%
DIS	B	-0.73%	0.01%	-0.73%
EA	A	-0.02%	0.01%	-0.02%
EFX	F	-0.19%	0.02%	-0.19%
ETN	A	-0.58%	0.03%	-0.58%
EXP	B	0.35%	0.01%	0.01%
FDX	B	1.69%	0.01%	0.01%
FIS	C	1.0%	0.01%	0.01%
GM	C	0.14%	0.01%	0.01%
GOOGL	C	1.4%	0.02%	0.02%
GSK	F	-0.16%	0.02%	-0.16%
HCA	F	-0.07%	0.02%	-0.07%
HPQ	B	1.0%	0.01%	0.01%
HSBC	A	-0.21%	0.02%	-0.21%
INTC	C	-0.15%	0.01%	-0.15%
JNJ	C	1.85%	0.01%	0.01%
JPM	A	0.93%	0.01%	0.01%
LLY	F	0.84%	0.03%	0.03%
LOW	C	2.16%	0.01%	0.01%
MCD	D	-0.41%	0.01%	-0.41%
MDLZ	F	-0.33%	0.01%	-0.33%
MLM	C	-0.46%	0.02%	-0.46%
MMM	D	-0.3%	0.01%	-0.3%
MSFT	D	4.45%	0.01%	0.01%
MSI	B	-0.43%	0.01%	-0.43%
MU	D	-0.16%	0.03%	-0.16%
MUFG	B	-0.07%	0.01%	-0.07%
NOW	A	-0.35%	0.04%	-0.35%
NTAP	C	0.75%	0.02%	0.02%
NTRS	A	0.42%	0.03%	0.03%
NVDA	B	4.84%	0.01%	0.01%
NVR	D	0.55%	0.03%	0.03%
NXPI	D	-0.08%	0.01%	-0.08%
OMC	C	-0.27%	0.02%	-0.27%
ORCL	A	-0.41%	0.02%	-0.41%
PEP	F	-0.57%	0.01%	-0.57%
PG	C	-0.26%	0.01%	-0.26%
PH	A	1.64%	0.01%	0.01%
PNC	B	-0.51%	0.01%	-0.51%
QCOM	F	1.88%	0.01%	0.01%
RL	C	0.67%	0.02%	0.02%
RPRX	D	0.23%	0.01%	0.01%
SCHW	B	2.26%	0.01%	0.01%
SWK	D	0.4%	0.02%	0.02%
SYF	B	0.79%	0.03%	0.03%
SYK	B	-0.17%	0.01%	-0.17%
SYY	D	0.83%	0.01%	0.01%
TFC	A	1.02%	0.01%	0.01%
TMO	F	-0.03%	0.01%	-0.03%
TMUS	B	2.32%	0.01%	0.01%
TRV	B	1.05%	0.02%	0.02%
TXN	C	-0.36%	0.01%	-0.36%
UHS	D	0.19%	0.02%	0.02%
UNH	B	-0.4%	0.01%	-0.4%
USB	A	1.35%	0.01%	0.01%
VMC	B	-0.16%	0.02%	-0.16%
VRSK	A	-0.55%	0.04%	-0.55%
VRSN	C	0.45%	0.03%	0.03%
WM	B	-0.47%	0.01%	-0.47%
ZBH	C	-0.36%	0.03%	-0.36%

FTLS Overweight 305 Positions Relative to VCEB

Symbol	Grade	Weight
ACN	B	2.11%
PM	B	1.92%
META	D	1.77%
MO	A	1.51%
VLO	C	1.43%
MPC	D	1.37%
KMI	A	1.23%
LNG	A	1.19%
CL	D	1.17%
GOOG	C	1.17%
BRK.A	B	1.13%
ILMN	C	1.13%
HWM	A	0.97%
ALL	A	0.88%
FANG	C	0.83%
PBR	D	0.73%
JBL	C	0.73%
TWLO	A	0.72%
EAT	A	0.65%
TOL	B	0.65%
PNR	A	0.56%
INSM	C	0.54%
VLTO	C	0.49%
BJ	A	0.47%
MAS	D	0.46%
GEN	B	0.45%
OKTA	C	0.45%
CROX	D	0.44%
ZIM	C	0.44%
FLEX	B	0.44%
GL	C	0.41%
NVS	F	0.41%
FFIV	B	0.4%
VICI	C	0.4%
PENN	C	0.4%
DBX	B	0.36%
CRS	B	0.34%
SNA	A	0.33%
TKO	A	0.32%
WRB	A	0.32%
JAZZ	B	0.31%
LPX	B	0.31%
TTC	C	0.31%
AYI	B	0.29%
CCK	D	0.29%
PI	D	0.27%
ASO	F	0.27%
SPYV	A	0.26%
SCHV	A	0.26%
IWD	A	0.26%
EWBC	A	0.25%
CNK	C	0.24%
KNSL	B	0.22%
AIZ	A	0.22%
SAM	C	0.21%
WHD	B	0.21%
ALSN	B	0.2%
MGY	A	0.2%
MSM	C	0.2%
COLB	B	0.19%
HRB	D	0.19%
EXEL	B	0.19%
THO	B	0.18%
PNFP	B	0.17%
ALKS	C	0.17%
GLBE	B	0.17%
ADMA	B	0.17%
CALM	A	0.16%
UMBF	B	0.16%
STNG	F	0.16%
TWST	F	0.16%
SFM	A	0.16%
ORI	A	0.15%
MATX	C	0.15%
PRI	B	0.15%
CRC	A	0.15%
SKYW	C	0.15%
AXS	A	0.14%
CSWI	B	0.13%
PAA	B	0.13%
GMS	B	0.13%
CBSH	B	0.13%
CBT	D	0.13%
LEG	F	0.13%
LOGI	D	0.13%
GFF	A	0.13%
BFH	C	0.13%
SIGI	C	0.13%
FTDR	B	0.12%
SMPL	B	0.12%
ZWS	B	0.12%
VRNA	B	0.12%
MTG	C	0.12%
TCBI	C	0.11%
AM	A	0.11%
ENLC	A	0.11%
HESM	B	0.11%
OPCH	D	0.11%
PPC	C	0.11%
BFAM	D	0.11%
WGO	C	0.11%
KRG	B	0.11%
TBBK	B	0.1%
LOPE	C	0.1%
THG	A	0.1%
MMS	F	0.1%
ABM	B	0.1%
NSA	C	0.1%
ESNT	F	0.09%
KFY	B	0.09%
PRGS	A	0.09%
DBRG	F	0.09%
CARG	B	0.09%
VCYT	B	0.09%
CUBI	B	0.09%
LCII	C	0.09%
YOU	D	0.09%
GRBK	D	0.09%
EXTR	C	0.09%
GBCI	B	0.09%
LANC	C	0.08%
UBSI	B	0.08%
RDFN	D	0.08%
TXG	F	0.08%
EPR	C	0.08%
KMPR	A	0.08%
BOH	B	0.08%
FOLD	F	0.08%
RLI	A	0.08%
PAYO	A	0.08%
NMIH	C	0.07%
EBC	B	0.07%
BCRX	D	0.07%
FHB	B	0.07%
PBH	A	0.07%
PLXS	B	0.07%
WMB	A	0.07%
REVG	C	0.07%
AVNT	B	0.07%
HAYW	B	0.07%
AZZ	A	0.07%
ICFI	F	0.06%
ADUS	D	0.06%
WFG	C	0.06%
BRC	D	0.06%
OTEX	F	0.06%
PLMR	A	0.06%
AUB	B	0.06%
ROIC	A	0.06%
SUPN	C	0.06%
MQ	D	0.06%
COLL	F	0.05%
TRMD	F	0.05%
GSL	F	0.05%
AMPH	F	0.05%
CDNA	D	0.04%
MYGN	F	0.04%
VSAT	F	-0.01%
VIST	B	-0.02%
CBU	B	-0.02%
AMRK	F	-0.02%
GPRE	F	-0.02%
RXST	F	-0.02%
DNB	B	-0.02%
COTY	F	-0.02%
HLN	C	-0.02%
KD	B	-0.02%
RIVN	F	-0.02%
SAIA	B	-0.02%
FRO	D	-0.02%
HON	C	-0.02%
LKFN	C	-0.02%
COHR	B	-0.02%
UWMC	D	-0.02%
WOLF	F	-0.02%
IBOC	B	-0.02%
NVEE	F	-0.02%
CVX	A	-0.02%
RUN	F	-0.02%
ENS	F	-0.02%
ARM	F	-0.02%
FSLR	F	-0.02%
ASPN	F	-0.02%
OSK	C	-0.03%
BE	B	-0.03%
UTZ	D	-0.03%
HHH	B	-0.03%
PRCT	B	-0.03%
WMT	A	-0.03%
PAR	A	-0.03%
ICHR	C	-0.03%
CNNE	B	-0.03%
GE	D	-0.03%
GKOS	B	-0.03%
BVN	D	-0.03%
BURL	B	-0.03%
SDGR	C	-0.03%
NEOG	F	-0.03%
OSIS	A	-0.03%
NWSA	A	-0.03%
RDY	F	-0.03%
CLH	C	-0.03%
PSMT	D	-0.03%
ARLO	C	-0.03%
AMRC	F	-0.03%
AZTA	D	-0.03%
DIOD	D	-0.03%
SLGN	A	-0.03%
FAST	B	-0.03%
BIRK	D	-0.03%
AMD	F	-0.03%
STZ	D	-0.04%
CTRA	B	-0.04%
GATX	A	-0.04%
ATEC	C	-0.04%
CFLT	B	-0.04%
EQT	B	-0.04%
ERJ	A	-0.04%
APO	B	-0.04%
FFIN	B	-0.04%
TFIN	B	-0.04%
MARA	B	-0.04%
IRTC	C	-0.04%
CRDO	B	-0.04%
APPN	B	-0.04%
ENR	B	-0.04%
RCL	A	-0.04%
RH	C	-0.04%
ALB	B	-0.04%
LMND	B	-0.05%
SOFI	B	-0.05%
AEO	F	-0.05%
ACVA	B	-0.05%
ACIW	B	-0.05%
VRRM	F	-0.05%
UPST	B	-0.05%
LYFT	C	-0.05%
DLB	B	-0.06%
CDW	F	-0.06%
COP	C	-0.06%
TTD	B	-0.06%
ZD	B	-0.06%
WST	C	-0.06%
MSA	F	-0.06%
VAL	F	-0.06%
VNT	C	-0.07%
KTOS	B	-0.07%
MMYT	B	-0.07%
BA	F	-0.07%
SSB	B	-0.07%
SE	A	-0.07%
AVY	F	-0.07%
IDCC	B	-0.07%
AVAV	C	-0.07%
MAT	D	-0.08%
CCOI	B	-0.08%
NSIT	F	-0.08%
R	B	-0.09%
TRMB	B	-0.09%
DY	D	-0.09%
STM	F	-0.1%
GPC	D	-0.1%
VVV	D	-0.1%
ING	F	-0.1%
HII	F	-0.11%
ARGX	B	-0.11%
HAE	C	-0.11%
KEYS	A	-0.12%
SLB	C	-0.12%
HQY	A	-0.13%
BKR	A	-0.13%
STE	D	-0.13%
PKG	A	-0.15%
NFLX	A	-0.15%
TM	F	-0.15%
ASX	D	-0.15%
IPG	D	-0.16%
INFY	C	-0.16%
URI	C	-0.2%
GWRE	A	-0.2%
BWXT	B	-0.2%
FMX	F	-0.2%
PCAR	B	-0.22%
DEO	F	-0.22%
CCEP	C	-0.23%
PANW	B	-0.25%
KR	B	-0.25%
TYL	B	-0.25%
GEHC	D	-0.26%
SAP	B	-0.27%
NSC	B	-0.27%
SNPS	B	-0.29%
WAT	C	-0.3%
UL	D	-0.3%
LMT	D	-0.32%
ISRG	A	-0.32%
TSLA	B	-0.32%
TTWO	A	-0.33%
HDB	C	-0.38%
ASML	F	-0.41%
XOM	B	-0.45%
GD	D	-0.52%
PAYX	B	-0.57%
LIN	C	-0.59%
CDNS	B	-0.69%

FTLS Underweight 166 Positions Relative to VCEB

Symbol	Grade	Weight
DT	D	-0.19%
MTB	A	-0.07%
TJX	A	-0.07%
MOS	F	-0.06%
WEST	C	-0.06%
DD	C	-0.06%
PGR	A	-0.05%
MDT	D	-0.05%
EQH	C	-0.05%
MCHP	F	-0.04%
LEN	D	-0.04%
KMB	C	-0.04%
GWW	B	-0.04%
OTIS	C	-0.04%
STLA	F	-0.04%
AZO	C	-0.04%
CPT	B	-0.04%
MMC	B	-0.04%
EXPE	B	-0.04%
FTV	C	-0.03%
EQR	C	-0.03%
DGX	A	-0.03%
CMA	B	-0.03%
BWA	D	-0.03%
BG	D	-0.03%
SJM	D	-0.03%
ROP	B	-0.03%
RF	A	-0.03%
EG	C	-0.03%
PWR	A	-0.03%
PPG	F	-0.03%
DOC	C	-0.03%
ORLY	B	-0.03%
AMP	A	-0.03%
ACGL	C	-0.03%
LH	B	-0.03%
K	A	-0.03%
IFF	D	-0.03%
HAS	D	-0.03%
BHF	C	-0.03%
CFG	B	-0.03%
GIS	D	-0.03%
DG	F	-0.03%
WAB	B	-0.03%
ITW	B	-0.03%
ADP	A	-0.03%
BDX	F	-0.03%
EQIX	A	-0.03%
MA	B	-0.03%
BMY	B	-0.03%
VOD	F	-0.03%
ABBV	F	-0.03%
HUN	F	-0.02%
HST	C	-0.02%
HRL	D	-0.02%
HIG	B	-0.02%
MKC	C	-0.02%
MCK	A	-0.02%
LEA	F	-0.02%
AJG	A	-0.02%
A	D	-0.02%
QRVO	F	-0.02%
APH	A	-0.02%
BEN	C	-0.02%
BAX	F	-0.02%
VTR	B	-0.02%
TT	A	-0.02%
CAH	B	-0.02%
XRAY	F	-0.02%
EMN	C	-0.02%
VFC	C	-0.02%
RJF	A	-0.02%
AWK	C	-0.02%
O	C	-0.02%
HBAN	A	-0.02%
BLK	B	-0.02%
REGN	F	-0.02%
DLTR	F	-0.02%
WBA	F	-0.02%
ADM	D	-0.02%
BR	A	-0.02%
BKNG	A	-0.02%
SHW	B	-0.02%
SBUX	A	-0.02%
CPB	D	-0.02%
GLW	B	-0.02%
NEM	D	-0.02%
FITB	B	-0.02%
CRM	B	-0.02%
DB	D	-0.02%
CSCO	B	-0.02%
CARR	C	-0.02%
IBM	C	-0.02%
AZN	F	-0.02%
V	A	-0.02%
BAC	A	-0.02%
CHTR	C	-0.02%
VZ	C	-0.02%
ADI	D	-0.01%
GLPI	C	-0.01%
WB	D	-0.01%
MRVL	B	-0.01%
GPN	B	-0.01%
PLD	F	-0.01%
RSG	A	-0.01%
AON	A	-0.01%
BRX	A	-0.01%
EBAY	D	-0.01%
MAR	A	-0.01%
KEY	B	-0.01%
ARE	F	-0.01%
DLR	B	-0.01%
DHR	F	-0.01%
ZTS	D	-0.01%
MET	A	-0.01%
KO	D	-0.01%
KLAC	F	-0.01%
HUM	C	-0.01%
TSN	B	-0.01%
BXP	C	-0.01%
BSX	A	-0.01%
BMO	A	-0.01%
BERY	C	-0.01%
STT	B	-0.01%
AXP	A	-0.01%
PYPL	B	-0.01%
WELL	A	-0.01%
CM	A	-0.01%
CCI	C	-0.01%
ADBE	C	-0.01%
NKE	F	-0.01%
MRK	D	-0.01%
KDP	F	-0.01%
CB	C	-0.01%
CAT	B	-0.01%
BNS	A	-0.01%
SPG	A	-0.01%
PRU	A	-0.01%
AMT	C	-0.01%
DOW	F	-0.01%
DFS	B	-0.01%
PFE	F	-0.01%
AL	B	-0.01%
LUV	C	-0.01%
LRCX	F	-0.01%
ICE	C	-0.01%
HPE	B	-0.01%
COF	C	-0.01%
CI	D	-0.01%
TGT	F	-0.01%
TD	D	-0.01%
BIIB	F	-0.01%
VTRS	A	-0.01%
AMGN	F	-0.01%
NWG	A	-0.01%
UPS	C	-0.01%
AIG	B	-0.01%
HD	B	-0.01%
GILD	C	-0.01%
RY	A	-0.01%
FOXA	A	-0.01%
DELL	B	-0.01%
GS	A	-0.01%
T	A	-0.01%
MS	A	-0.01%
CVS	D	-0.01%