HDMV vs. DFAI ETF Comparison

Comparison of First Trust Horizon Managed Volatility Developed International ETF (HDMV) to Dimensional International Core Equity Market ETF (DFAI)

HDMV

First Trust Horizon Managed Volatility Developed International ETF

HDMV Description

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$30.88

Average Daily Volume

8,913

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFAI

Dimensional International Core Equity Market ETF

DFAI Description

The investment seeks to achieve long-term capital appreciation. The fund will invest in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the International Universe. As a non-fundamental policy, under normal circumstances, it will invest at least 80% of its net assets in equity securities. The Advisor may also increase or reduce the fund's exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company's price momentum and investment characteristics.

Grade (RS Rating)

Last Trade

$31.46

Average Daily Volume

801,454

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDMV	DFAI
30 Days	-0.63%	1.65%
60 Days	8.06%	9.65%
90 Days	8.19%	3.86%
12 Months	19.79%	23.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in HDMV	Weight in DFAI	Overlap
	NVS	D	0.87%	0.87%	0.87%

HDMV Overweight 6 Positions Relative to DFAI

Symbol	Grade	Weight
UL	D	1.5%
CCEP	C	0.74%
CHKP	A	0.71%
QGEN	F	0.54%
E	C	0.39%
ABBV	C	0.37%

HDMV Underweight 3 Positions Relative to DFAI

Symbol	Grade	Weight
NVO	F	-1.71%
ASML	F	-1.16%
TM	D	-0.98%

DFAI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Biotechnology Drug Manufacturers - Major Semiconductor Equipment & Materials