HISF vs. GAA ETF Comparison

Comparison of First Trust High Income Strategic Focus ETF (HISF) to Cambria Global Asset Allocation ETF (GAA)

HISF

First Trust High Income Strategic Focus ETF

HISF Description

First Trust High Income Strategic Focus ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC, First Trust Global Portfolios Limited, Richard Bernstein Advisors LLC, and Stonebridge Advisors, LLC. The fund invests in the public equity and fixed income markets of countries across the globe. For its equity portion, it seeks to invest in stocks of companies operating across diversified sectors. The fund invests in dividend paying stocks of small-cap, mid-cap, and large-cap companies. It also invests in stocks of master limited partnerships. For its fixed income portion, the fund invests in high yield corporate bonds and first lien senior secured floating rate bank loans, mortgage-related investments, and international sovereign bonds with varying maturity. First Trust High Income Strategic Focus ETF was formed on August 13, 2014 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$44.08

Average Daily Volume

4,765

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.50

Average Daily Volume

9,564

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

Performance

Period	HISF	GAA
30 Days	-0.68%	2.77%
60 Days	-2.96%	-0.87%
90 Days	-1.72%	2.38%
12 Months	6.50%	15.05%

0 Overlapping Holdings

	Symbol	Grade	Weight in HISF	Weight in GAA	Overlap

HISF Overweight 7 Positions Relative to GAA

	Symbol	Grade	Weight
	FIXD	D	32.05%
	HYLS	C	20.44%
	LMBS	D	15.2%
	FSIG	C	10.15%
	LGOV	F	7.25%
	FEMB	F	4.78%
	FPE	C	2.56%

HISF Underweight 19 Positions Relative to GAA

	Symbol	Grade	Weight
	EYLD	D	-9.31%
	PDBC	D	-5.72%
	GVAL	D	-5.64%
	QMOM	A	-5.61%
	VAMO	A	-4.66%
	FYLD	D	-4.56%
	SYLD	A	-4.25%
	BAR	C	-4.12%
	HYEM	C	-4.01%
	VCIT	D	-2.94%
	JPMB	D	-2.94%
	SCHP	C	-2.63%
	WIP	F	-2.25%
	IMOM	D	-2.02%
	IHY	D	-1.97%
	VGIT	D	-1.9%
	VGLT	F	-1.82%
	GDX	D	-1.08%
	BOXX	A	-0.98%

HISF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Qualified Institutional Buyer Stock Fund Structured Finance Advisorshares Banking Bear Market ETF Betashares Bond Bond Market Index Commercial Mortgage Currency Debt Distressed Securities Exchange Traded Funds Financial Market Financial Regulation Government Bonds

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government