FVD vs. ITAN ETF Comparison

Comparison of First Trust VL Dividend (FVD) to Sparkline Intangible Value ETF (ITAN)

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend 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 equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.22

Average Daily Volume

492,100

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$31.70

Average Daily Volume

1,737

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	FVD	ITAN
30 Days	1.30%	3.38%
60 Days	2.29%	6.58%
90 Days	4.18%	8.51%
12 Months	21.56%	29.92%

31 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in ITAN	Overlap
ACN	B	0.45%	1.6%	0.45%
ALL	A	0.47%	0.72%	0.47%
BAH	F	0.44%	0.47%	0.44%
BAX	F	0.4%	0.44%	0.4%
BDX	F	0.44%	0.7%	0.44%
BMY	B	0.52%	1.03%	0.52%
CMCSA	B	0.5%	1.06%	0.5%
CMI	A	0.51%	0.84%	0.51%
CSCO	B	0.48%	1.78%	0.48%
CTSH	B	0.49%	0.8%	0.49%
DGX	A	0.49%	0.43%	0.43%
DOX	D	0.44%	0.24%	0.24%
G	B	0.54%	0.28%	0.28%
GD	D	0.44%	0.7%	0.44%
GILD	C	0.5%	0.92%	0.5%
HON	C	0.48%	1.21%	0.48%
IBM	C	0.42%	1.69%	0.42%
JCI	B	0.51%	0.69%	0.51%
JNPR	D	0.45%	0.42%	0.42%
KR	B	0.49%	0.51%	0.49%
LHX	C	0.46%	0.74%	0.46%
LMT	D	0.41%	0.39%	0.39%
MDT	D	0.44%	1.18%	0.44%
MMM	D	0.46%	0.89%	0.46%
NOC	D	0.44%	0.91%	0.44%
PFE	F	0.42%	1.28%	0.42%
RHI	C	0.53%	0.22%	0.22%
RTX	D	0.44%	1.23%	0.44%
T	A	0.48%	1.55%	0.48%
TGT	F	0.47%	1.03%	0.47%
VZ	C	0.43%	1.3%	0.43%

FVD Overweight 170 Positions Relative to ITAN

Symbol	Grade	Weight
GRMN	B	0.59%
GATX	A	0.54%
EMR	B	0.54%
CBSH	B	0.54%
GS	A	0.53%
DTM	A	0.53%
PINC	B	0.53%
AIZ	A	0.52%
INGR	C	0.52%
MS	A	0.52%
IDA	A	0.52%
SEIC	B	0.52%
MO	A	0.52%
XEL	A	0.51%
ETR	B	0.51%
IOSP	C	0.51%
IEX	C	0.51%
SNA	A	0.51%
SRE	A	0.5%
NSC	B	0.5%
WSO	A	0.5%
HLI	A	0.5%
LANC	C	0.5%
CVX	A	0.5%
UVV	B	0.5%
PKG	A	0.5%
WERN	C	0.5%
PM	B	0.5%
WTW	B	0.5%
WDFC	B	0.5%
JPM	A	0.5%
ITW	B	0.49%
BLK	B	0.49%
WM	B	0.49%
CPK	A	0.49%
NEU	D	0.49%
SLGN	A	0.49%
NDAQ	A	0.49%
TROW	B	0.49%
TXN	C	0.49%
FAST	B	0.49%
CSX	C	0.49%
THG	A	0.49%
BK	A	0.48%
OTTR	C	0.48%
DCI	B	0.48%
CHRW	B	0.48%
TM	F	0.48%
EVRG	A	0.48%
SBUX	A	0.48%
GNTX	C	0.48%
NI	A	0.48%
SCL	C	0.48%
CLX	A	0.48%
PAYX	B	0.48%
BKH	A	0.48%
SWX	B	0.48%
BTI	B	0.48%
TJX	A	0.48%
MSM	C	0.48%
LECO	C	0.48%
UNH	B	0.48%
ADP	A	0.48%
PNW	A	0.48%
BR	A	0.48%
BRC	D	0.47%
AGR	A	0.47%
ALE	A	0.47%
NWN	A	0.47%
XOM	B	0.47%
OGS	A	0.47%
EXPD	C	0.47%
UPS	C	0.47%
STZ	D	0.47%
SXT	C	0.47%
NDSN	B	0.47%
NJR	A	0.47%
PPL	A	0.47%
ATO	A	0.47%
MSEX	C	0.47%
AEE	A	0.47%
YUM	D	0.47%
EQIX	A	0.47%
SIGI	C	0.47%
UNP	C	0.46%
CNI	F	0.46%
INFY	C	0.46%
ABT	B	0.46%
CME	B	0.46%
DLB	B	0.46%
PG	C	0.46%
AWR	B	0.46%
TRV	B	0.46%
NWE	B	0.46%
CAT	B	0.46%
CALM	A	0.46%
SR	A	0.46%
POOL	C	0.46%
K	A	0.46%
MMC	B	0.46%
HD	B	0.46%
TD	D	0.46%
PSA	C	0.46%
JJSF	C	0.46%
SNX	D	0.45%
PPG	F	0.45%
TAK	D	0.45%
MKC	C	0.45%
SON	F	0.45%
CB	C	0.45%
PEG	A	0.45%
NFG	A	0.45%
WEC	A	0.45%
HSY	F	0.45%
FLO	D	0.45%
LNT	A	0.45%
DE	B	0.45%
EIX	B	0.45%
HRL	D	0.45%
CNA	C	0.45%
AFL	B	0.45%
LOW	C	0.45%
SO	C	0.44%
AWK	C	0.44%
AEP	C	0.44%
ADI	D	0.44%
TSCO	D	0.44%
CPB	D	0.44%
CWT	C	0.44%
GIS	D	0.44%
EXC	C	0.44%
PEP	F	0.44%
OTIS	C	0.44%
POR	C	0.44%
CMS	C	0.44%
WTRG	B	0.44%
MCD	D	0.44%
APD	A	0.44%
CL	D	0.43%
MMS	F	0.43%
UL	D	0.43%
DUK	C	0.43%
SJM	D	0.43%
MRK	D	0.43%
REYN	D	0.43%
AVY	F	0.43%
AOS	F	0.43%
NKE	F	0.43%
ES	C	0.43%
CAG	F	0.43%
RIO	D	0.43%
MDLZ	F	0.43%
JNJ	C	0.43%
DTE	C	0.43%
TSM	B	0.43%
AMGN	F	0.43%
NVS	F	0.42%
KHC	F	0.42%
ED	C	0.42%
KO	D	0.42%
GSK	F	0.42%
KDP	F	0.42%
SJW	F	0.42%
ABBV	F	0.42%
KMB	C	0.42%
DEO	F	0.41%
SNY	F	0.41%
AZN	F	0.39%
HMC	F	0.39%
HII	F	0.35%

FVD Underweight 120 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.86%
META	D	-2.87%
ORCL	A	-2.31%
CRM	B	-2.14%
GOOGL	C	-2.09%
GOOG	C	-2.09%
QCOM	F	-1.55%
WFC	A	-1.51%
TMUS	B	-1.42%
INTC	C	-1.26%
DELL	B	-1.11%
DIS	B	-1.1%
PYPL	B	-1.1%
COF	C	-1.09%
GM	C	-1.0%
BA	F	-0.96%
CVS	D	-0.9%
PANW	B	-0.89%
SQ	A	-0.87%
FDX	B	-0.85%
F	C	-0.82%
HPQ	B	-0.72%
CHTR	C	-0.72%
DASH	B	-0.71%
WDAY	B	-0.7%
UAL	A	-0.7%
EBAY	D	-0.66%
NXPI	D	-0.66%
ADSK	A	-0.64%
HPE	B	-0.63%
DAL	B	-0.6%
NTAP	C	-0.6%
GLW	B	-0.59%
EXPE	B	-0.58%
CVNA	B	-0.56%
LDOS	C	-0.55%
CNC	D	-0.54%
ZM	C	-0.54%
ILMN	C	-0.54%
WBD	B	-0.53%
DOCU	B	-0.53%
EA	A	-0.53%
CAH	B	-0.53%
PRU	A	-0.53%
WDC	D	-0.53%
HUM	C	-0.53%
SNAP	D	-0.51%
ZS	B	-0.51%
TWLO	A	-0.49%
NTNX	B	-0.49%
VTRS	A	-0.49%
FFIV	B	-0.46%
BBY	D	-0.46%
IQV	F	-0.46%
ZBRA	B	-0.46%
J	D	-0.45%
ROK	C	-0.45%
LH	B	-0.45%
OKTA	C	-0.44%
DD	C	-0.44%
TRMB	B	-0.43%
BIIB	F	-0.42%
ACM	B	-0.42%
CIEN	C	-0.41%
CACI	D	-0.41%
PSTG	D	-0.39%
ROKU	D	-0.39%
AAL	B	-0.38%
LUMN	C	-0.37%
JLL	D	-0.37%
LYFT	C	-0.37%
DBX	B	-0.37%
JBL	C	-0.37%
DVA	C	-0.36%
IP	A	-0.34%
EMN	C	-0.34%
TRU	D	-0.34%
TPR	B	-0.34%
NWSA	A	-0.33%
JAZZ	B	-0.32%
SWKS	F	-0.32%
AKAM	D	-0.32%
ALLY	C	-0.32%
TAP	C	-0.31%
ELAN	D	-0.3%
ACI	C	-0.3%
TXT	D	-0.3%
SWK	D	-0.29%
ETSY	D	-0.29%
WBA	F	-0.29%
ANF	F	-0.28%
PARA	C	-0.28%
RIVN	F	-0.27%
BIO	C	-0.27%
WHR	B	-0.27%
HAS	D	-0.26%
MASI	B	-0.26%
BOX	B	-0.26%
EXAS	D	-0.26%
FAF	A	-0.25%
W	D	-0.25%
U	C	-0.25%
PATH	C	-0.24%
ALK	B	-0.24%
GAP	C	-0.24%
IVZ	B	-0.24%
MAT	D	-0.24%
UAA	C	-0.24%
ARW	D	-0.23%
FLS	B	-0.23%
MTCH	D	-0.23%
BWA	D	-0.22%
NOV	C	-0.22%
HRB	D	-0.21%
QRVO	F	-0.2%
AGCO	D	-0.19%
HOG	D	-0.19%
M	F	-0.16%
RUN	F	-0.14%
XRAY	F	-0.13%