HISF vs. LBO ETF Comparison

Comparison of First Trust High Income Strategic Focus ETF (HISF) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

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

$43.10

Average Daily Volume

2,055

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

LBO

WHITEWOLF Publicly Listed Private Equity ETF

LBO Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.58

Average Daily Volume

487

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	HISF	LBO
30 Days	-2.15%	0.44%
60 Days	-1.35%	2.24%
90 Days	-1.54%	5.35%
12 Months	1.34%

0 Overlapping Holdings

	Symbol	Grade	Weight in HISF	Weight in LBO	Overlap

HISF Overweight 7 Positions Relative to LBO

	Symbol	Grade	Weight
	FIXD	D	34.72%
	LMBS	C	15.14%
	HYLS	B	14.99%
	FSIG	B	10.12%
	FTSL	A	7.66%
	LGOV	D	7.31%
	FEMB	D	2.47%

HISF Underweight 10 Positions Relative to LBO

	Symbol	Grade	Weight
	ARCC	A	-7.75%
	BXSL	A	-7.1%
	FSK	A	-7.07%
	KKR	C	-6.25%
	OWL	A	-6.08%
	CG	B	-5.31%
	BX	C	-5.26%
	HTGC	A	-5.12%
	TPG	C	-5.07%
	APO	B	-4.84%

HISF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Mortgage Backed Security Structured Finance Advisorshares Asset Backed Security Bank Loans Banking Bear Market ETF Betashares Bond Bond Market Index Commercial Mortgage Currency Debt Distressed Securities Exchange Traded Funds Financial Market Government Bonds

LBO: Top Represented Industries & Keywords

Industries: Asset Management Specialty Finance

Keywords: Private Equity Consumer Products Leveraged Buyout Real Estate Funds Venture Capital Blackstone Chemical Credit Debt Financing Healthcare Service Hedge Funds IBD 50 Mezzanine Capital Mining Oil And Gas Pharmaceutical Private Equity Firms Private Equity Fund Refinancing Senior Debt