HSMV vs. IQRA ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF (IQRA)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

IQRA

IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF

IQRA Description

The fund will normally invest at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by real assets companies. Under normal circumstances, the fund invests primarily in common stock, but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships ("MLPs"), and depositary receipts with characteristics similar to common stock.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	IQRA
30 Days	4.88%	-0.76%
60 Days	5.46%	-2.13%
90 Days	6.96%	1.59%
12 Months	27.49%	21.02%

8 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in IQRA	Overlap
ADC	B	1.34%	1.03%	1.03%
BRX	A	0.48%	0.63%	0.48%
CPK	A	0.67%	0.65%	0.65%
CUBE	D	0.24%	1.31%	0.24%
FCPT	C	0.86%	0.43%	0.43%
OGE	B	1.59%	0.83%	0.83%
POR	C	1.07%	0.33%	0.33%
REXR	F	0.2%	0.84%	0.2%

HSMV Overweight 139 Positions Relative to IQRA

Symbol	Grade	Weight
ATR	B	2.09%
DTM	B	2.06%
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
POST	C	1.56%
CTRE	D	1.54%
RLI	B	1.42%
MSGS	A	1.4%
DCI	B	1.33%
CACI	D	1.29%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
AFG	A	1.08%
GGG	B	1.06%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
PRI	A	0.78%
IDCC	A	0.77%
AVA	A	0.76%
LSTR	D	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
LOPE	B	0.74%
ENSG	D	0.73%
AWR	B	0.72%
OGS	A	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CW	B	0.67%
RGA	A	0.67%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
EPRT	B	0.65%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
SCI	B	0.62%
PRGS	A	0.58%
ACM	A	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
MTG	C	0.55%
SBRA	C	0.55%
COLM	B	0.55%
NMIH	D	0.55%
RS	B	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
FCN	D	0.49%
BWXT	B	0.48%
MUSA	A	0.47%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	C	0.45%
CHDN	B	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
MSM	C	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	C	0.4%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
JJSF	B	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
FSS	B	0.24%
LFUS	F	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
CRI	D	0.21%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 39 Positions Relative to IQRA

Symbol	Grade	Weight
SPG	B	-5.27%
O	D	-3.8%
EQIX	A	-3.71%
TRGP	B	-3.45%
WEC	A	-2.67%
CSX	B	-2.65%
SUI	D	-2.14%
NEE	D	-2.13%
WELL	A	-2.07%
AMT	D	-2.01%
PPL	B	-1.61%
PCG	A	-1.56%
HST	C	-1.5%
REG	B	-1.32%
DLR	B	-1.21%
ATO	A	-1.03%
UE	C	-1.02%
EXR	D	-1.01%
COLD	D	-1.01%
PAGP	A	-0.95%
CMS	C	-0.93%
XEL	A	-0.93%
IRM	D	-0.91%
ESRT	C	-0.88%
WTRG	B	-0.85%
CNI	D	-0.8%
SRE	A	-0.78%
DTE	C	-0.77%
EVRG	A	-0.76%
NSC	B	-0.73%
INVH	D	-0.73%
AES	F	-0.71%
CNP	B	-0.69%
VICI	C	-0.67%
AEE	A	-0.53%
PSA	D	-0.51%
CEG	D	-0.47%
ALE	A	-0.41%
KMI	A	-0.36%