FVD vs. QDF ETF Comparison

Comparison of First Trust VL Dividend (FVD) to FlexShares Quality Dividend Index Fund (QDF)

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

$45.45

Average Daily Volume

721,725

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.36

Average Daily Volume

47,021

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FVD	QDF
30 Days	2.98%	2.35%
60 Days	6.21%	5.23%
90 Days	12.10%	7.81%
12 Months	24.21%	30.55%

37 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in QDF	Overlap
ABBV	B	0.47%	3.01%	0.47%
ACN	C	0.47%	1.86%	0.47%
ADP	C	0.49%	1.04%	0.49%
AFL	A	0.48%	0.61%	0.48%
BK	B	0.51%	0.62%	0.51%
BR	C	0.47%	0.28%	0.28%
CAT	B	0.5%	0.76%	0.5%
CHRW	B	0.48%	0.54%	0.48%
CL	C	0.46%	0.17%	0.17%
EVRG	B	0.49%	0.41%	0.41%
FAST	C	0.5%	0.6%	0.5%
GILD	B	0.52%	0.95%	0.52%
HD	B	0.49%	1.73%	0.49%
ITW	B	0.49%	0.71%	0.49%
JNJ	C	0.48%	3.18%	0.48%
JPM	D	0.46%	0.65%	0.46%
KO	B	0.47%	2.51%	0.47%
LMT	A	0.48%	0.67%	0.48%
LOW	B	0.49%	1.25%	0.49%
MMM	B	0.48%	0.69%	0.48%
MO	C	0.45%	0.81%	0.45%
MRK	F	0.48%	0.53%	0.48%
MS	B	0.47%	0.76%	0.47%
NKE	D	0.46%	0.98%	0.46%
PAYX	C	0.49%	0.6%	0.49%
PEG	B	0.49%	0.6%	0.49%
PG	C	0.48%	3.09%	0.48%
PM	C	0.47%	1.3%	0.47%
POOL	C	0.5%	0.46%	0.46%
PSA	C	0.5%	0.65%	0.5%
RHI	D	0.49%	0.35%	0.35%
SBUX	C	0.48%	0.71%	0.48%
SNA	B	0.48%	0.45%	0.45%
UNP	D	0.48%	1.33%	0.48%
WDFC	C	0.48%	0.43%	0.43%
WTW	B	0.48%	0.52%	0.48%
XOM	D	0.46%	0.49%	0.46%

FVD Overweight 157 Positions Relative to QDF

Symbol	Grade	Weight
TD	C	0.52%
MSEX	C	0.52%
HUBB	B	0.52%
TRV	C	0.51%
ETR	A	0.51%
OGS	B	0.51%
DE	A	0.51%
TR	C	0.51%
IBM	B	0.51%
T	B	0.51%
THG	C	0.51%
CAG	B	0.5%
CLX	C	0.5%
AWR	C	0.5%
ATO	B	0.5%
GD	C	0.5%
MDLZ	C	0.5%
SXT	B	0.5%
NDAQ	C	0.5%
MKC	C	0.5%
CB	B	0.5%
GIS	B	0.5%
PKG	B	0.5%
LANC	F	0.5%
BLK	B	0.5%
VZ	A	0.5%
EQIX	B	0.5%
CMS	B	0.49%
AOS	B	0.49%
HLI	C	0.49%
DOX	C	0.49%
PFE	D	0.49%
INGR	B	0.49%
LNT	A	0.49%
SO	B	0.49%
AEP	C	0.49%
AMGN	D	0.49%
SON	D	0.49%
SEIC	B	0.49%
OTIS	B	0.49%
CME	B	0.49%
NI	B	0.49%
SIGI	D	0.49%
IEX	C	0.49%
FLO	C	0.49%
APD	B	0.49%
CALM	B	0.49%
NJR	C	0.49%
CSX	C	0.49%
ADI	C	0.49%
EXC	B	0.49%
SNY	B	0.49%
WSO	C	0.49%
KDP	B	0.49%
PCAR	D	0.49%
MSM	D	0.49%
JCI	B	0.49%
KR	B	0.49%
NSC	C	0.49%
JKHY	B	0.49%
ALL	C	0.49%
CPK	B	0.49%
XEL	B	0.49%
TSM	C	0.49%
MDT	B	0.48%
DEO	C	0.48%
JNPR	A	0.48%
ES	B	0.48%
TSCO	B	0.48%
SRE	B	0.48%
DTM	C	0.48%
AIZ	B	0.48%
LHX	C	0.48%
CNI	D	0.48%
DGX	B	0.48%
IDA	B	0.48%
CPB	C	0.48%
WEC	B	0.48%
EMR	D	0.48%
WERN	C	0.48%
ALE	A	0.48%
CWT	D	0.48%
UL	B	0.48%
INFY	C	0.48%
TROW	C	0.48%
CBSH	D	0.48%
ED	B	0.48%
AEE	B	0.48%
CSCO	B	0.48%
ABT	C	0.48%
SLGN	B	0.48%
BAH	B	0.48%
JJSF	B	0.48%
TM	D	0.48%
BMY	C	0.48%
PINC	D	0.48%
NFG	B	0.48%
MCD	B	0.48%
PPG	C	0.48%
HMC	D	0.48%
DUK	B	0.48%
SR	B	0.48%
SWX	C	0.48%
BRC	B	0.48%
NOC	B	0.48%
REYN	C	0.48%
DLB	D	0.48%
BAX	C	0.48%
BTI	C	0.48%
UPS	D	0.48%
UNH	C	0.47%
SJM	C	0.47%
G	C	0.47%
TJX	C	0.47%
AVY	C	0.47%
MMS	B	0.47%
DTE	A	0.47%
GATX	D	0.47%
GS	B	0.47%
PEP	D	0.47%
AGR	C	0.47%
HRL	F	0.47%
BDX	D	0.47%
NWN	B	0.47%
NEU	D	0.47%
HSY	D	0.47%
TMUS	B	0.47%
PPL	A	0.47%
SCL	D	0.47%
CMI	B	0.47%
TXN	B	0.47%
POR	B	0.47%
HON	C	0.47%
K	A	0.47%
IOSP	F	0.47%
CMCSA	C	0.47%
RTX	B	0.47%
MMC	C	0.47%
HII	F	0.46%
YUM	B	0.46%
KMB	C	0.46%
UVV	D	0.46%
NVS	C	0.46%
KHC	C	0.46%
SNX	C	0.46%
WTRG	D	0.46%
CVX	F	0.46%
DCI	C	0.46%
GSK	D	0.46%
CTSH	B	0.46%
TEL	D	0.46%
CNA	D	0.46%
WM	D	0.46%
LECO	D	0.45%
GNTX	D	0.45%
GRMN	D	0.45%
OTTR	F	0.41%

FVD Underweight 88 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.55%
MSFT	C	-5.1%
NVDA	C	-5.03%
META	B	-3.16%
GOOGL	D	-1.71%
QCOM	D	-1.71%
INTU	D	-1.64%
GOOG	D	-1.51%
LRCX	D	-0.98%
KLAC	D	-0.95%
AVGO	C	-0.93%
ZTS	B	-0.81%
VRT	C	-0.66%
EBAY	B	-0.62%
FIS	C	-0.59%
PRU	C	-0.58%
AVB	C	-0.58%
D	C	-0.58%
MAA	C	-0.57%
NSA	C	-0.56%
EQR	C	-0.56%
OHI	C	-0.55%
SMG	B	-0.55%
MPC	F	-0.55%
NXPI	D	-0.55%
MCHP	D	-0.54%
CPT	C	-0.54%
MET	B	-0.54%
STWD	B	-0.53%
IVZ	B	-0.52%
VIRT	C	-0.52%
KTB	B	-0.52%
JHG	B	-0.52%
NEP	C	-0.51%
IPG	C	-0.51%
ORI	B	-0.51%
VLO	F	-0.51%
CMA	C	-0.51%
UGI	B	-0.5%
RDN	D	-0.5%
EA	D	-0.5%
BPOP	C	-0.5%
WU	C	-0.5%
DVN	F	-0.49%
WSM	C	-0.49%
OGE	B	-0.49%
FAF	B	-0.47%
SWKS	F	-0.47%
TPR	A	-0.46%
WY	C	-0.46%
HST	D	-0.44%
NUE	D	-0.43%
OMF	D	-0.43%
WMS	D	-0.42%
TT	B	-0.41%
CUBE	C	-0.41%
SCCO	C	-0.4%
PFG	B	-0.39%
CTAS	C	-0.37%
EIX	B	-0.35%
APLE	C	-0.35%
V	C	-0.35%
ALLY	F	-0.35%
LNC	C	-0.35%
CFR	C	-0.34%
IRDM	C	-0.32%
OLN	D	-0.28%
WING	C	-0.26%
NNN	B	-0.26%
MA	B	-0.25%
COST	C	-0.24%
NTAP	D	-0.23%
HRB	C	-0.18%
RMD	C	-0.18%
DPZ	D	-0.17%
PNW	C	-0.15%
BSY	C	-0.14%
PAYC	D	-0.13%
WMT	B	-0.12%
EXP	B	-0.08%
WFRD	F	-0.07%
CSWI	B	-0.06%
BKNG	B	-0.06%
MAR	B	-0.04%
COP	F	-0.04%
STNG	D	-0.02%
BAC	D	-0.02%
BBWI	D	-0.01%