GRID vs. BOUT ETF Comparison

Comparison of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) to Innovator IBD Breakout Opportunities ETF (BOUT)

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

GRID 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 NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$110.49

Average Daily Volume

49,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$32.96

Average Daily Volume

2,631

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GRID	BOUT
30 Days	-1.75%	-6.82%
60 Days	4.52%	-4.66%
90 Days	10.56%	0.54%
12 Months	14.75%	8.67%

2 Overlapping Holdings

	Symbol	Grade	Weight in GRID	Weight in BOUT	Overlap
	NVDA	A	2.13%	0.35%	0.35%
	PWR	A	4.05%	0.93%	0.93%

GRID Overweight 42 Positions Relative to BOUT

Symbol	Grade	Weight
ETN	A	8.57%
ABBV	C	7.8%
JCI	A	7.7%
HUBB	A	3.87%
APTV	F	3.61%
ENPH	F	2.68%
NVT	A	2.13%
TSLA	F	1.57%
ORCL	B	1.51%
CSCO	D	1.45%
QCOM	B	1.43%
IBM	C	1.24%
GE	A	1.15%
TXN	B	1.13%
ATKR	A	1.12%
HON	D	1.0%
ADI	B	0.71%
ITRI	A	0.65%
SEDG	F	0.57%
EMR	B	0.51%
AEIS	D	0.51%
MYRG	B	0.44%
NXPI	D	0.39%
FLNC	F	0.15%
TRMB	C	0.1%
AMSC	D	0.08%
PLPC	F	0.07%
AES	D	0.07%
GNRC	A	0.06%
WLDN	A	0.06%
WCC	D	0.05%
MTZ	B	0.04%
LFUS	D	0.04%
ENS	D	0.03%
ACA	D	0.03%
VMI	F	0.03%
ESE	D	0.02%
STM	D	0.02%
BDC	D	0.02%
DGII	B	0.01%
AZZ	A	0.01%
EBR	D	0.0%

GRID Underweight 57 Positions Relative to BOUT

Symbol	Grade	Weight
FTI	A	-3.47%
KSPI	A	-3.34%
AZEK	C	-3.2%
MSDL	A	-3.17%
TBBB	D	-3.16%
BLDR	C	-3.16%
HEAR	A	-3.15%
TXRH	A	-3.14%
LEN	C	-3.13%
WING	A	-3.09%
HUBS	A	-2.97%
GPS	B	-2.84%
IBKR	A	-2.8%
CELH	B	-2.8%
XYL	A	-2.75%
JPM	B	-2.73%
SAP	C	-2.72%
FROG	D	-2.7%
DUOL	B	-2.7%
PCOR	C	-2.63%
APPF	C	-2.61%
IOT	D	-2.48%
GOOGL	A	-1.87%
GOOG	A	-1.87%
CRM	C	-1.85%
PCAR	B	-1.82%
RCL	B	-1.81%
IRM	B	-1.81%
SHAK	C	-1.8%
FOR	B	-1.8%
AXP	B	-1.8%
ERJ	A	-1.77%
CROX	B	-1.72%
SEMR	B	-0.93%
NTAP	A	-0.93%
GVA	A	-0.92%
ERIE	C	-0.92%
URI	C	-0.91%
TOL	B	-0.89%
ISRG	C	-0.89%
RL	D	-0.85%
KNSL	C	-0.78%
ELF	C	-0.76%
WAB	A	-0.35%
SKWD	B	-0.35%
PSTG	A	-0.35%
ANET	C	-0.35%
WMS	B	-0.34%
PLTR	D	-0.34%
KKR	B	-0.34%
OKTA	D	-0.33%
LRN	D	-0.33%
FIHL	A	-0.33%
DFH	B	-0.33%
ASML	B	-0.33%
TREX	C	-0.32%
RYAN	C	-0.32%

GRID: Top Represented Industries & Keywords

Industries: Electronic Components Semiconductors Diversified Industrials Engineering & Construction Scientific & Technical Instruments Communication Equipment Specialty Industrial Machinery Auto Manufacturers Auto Parts Drug Manufacturers - Major Electronics Distribution Industrial Distribution Information Technology Services Infrastructure Operations Metal Fabrication Semiconductor Equipment & Materials Software - Infrastructure Solar Utilities - Diversified Utilities - Regulated Electric