HUSV vs. QDF ETF Comparison

Comparison of First Trust Horizon Managed Volatility Domestic ETF (HUSV) to FlexShares Quality Dividend Index Fund (QDF)

HUSV

First Trust Horizon Managed Volatility Domestic ETF

HUSV Description

The First Trust Horizon Managed Volatility Domestic 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 of domestic companies listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$39.34

Average Daily Volume

4,973

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	HUSV	QDF
30 Days	1.70%	1.66%
60 Days	3.21%	2.62%
90 Days	4.88%	4.00%
12 Months	21.41%	26.92%

22 Overlapping Holdings

Symbol	Grade	Weight in HUSV	Weight in QDF	Overlap
ABBV	D	0.48%	2.58%	0.48%
ADP	B	1.33%	1.11%	1.11%
AVB	B	0.81%	0.58%	0.58%
CL	D	2.17%	0.15%	0.15%
COR	B	1.1%	0.14%	0.14%
CTAS	B	1.12%	0.39%	0.39%
EA	A	1.0%	0.58%	0.58%
EQR	B	0.83%	0.55%	0.55%
EVRG	A	1.36%	0.42%	0.42%
HD	A	0.38%	1.77%	0.38%
ITW	B	1.85%	0.74%	0.74%
JNJ	D	1.37%	3.01%	1.37%
KO	D	2.22%	2.16%	2.16%
LMT	D	1.87%	0.62%	0.62%
MA	C	1.33%	0.26%	0.26%
MO	A	1.2%	0.89%	0.89%
MSFT	F	2.08%	4.91%	2.08%
PG	A	1.81%	3.03%	1.81%
PM	B	1.43%	1.41%	1.41%
UNP	C	0.78%	1.24%	0.78%
V	A	1.3%	0.4%	0.4%
WTW	B	1.02%	0.56%	0.56%

HUSV Overweight 52 Positions Relative to QDF

Symbol	Grade	Weight
BRK.A	B	2.53%
RSG	A	2.48%
MSI	B	2.45%
PTC	A	2.41%
MMC	B	2.33%
CSCO	B	2.22%
ROP	B	2.22%
CTSH	B	2.07%
LIN	D	2.02%
VRSN	F	1.9%
L	A	1.83%
TDY	B	1.81%
FE	C	1.79%
ATO	A	1.79%
ICE	C	1.76%
IBM	C	1.67%
KMI	A	1.54%
TMUS	B	1.5%
NI	A	1.5%
PPL	B	1.43%
KDP	D	1.37%
MCD	D	1.36%
FI	A	1.36%
HON	B	1.34%
DUK	C	1.29%
PEP	F	1.24%
YUM	B	1.21%
CME	A	1.2%
CMS	C	1.14%
AVY	D	1.09%
TJX	A	1.05%
WMB	A	1.01%
GD	F	0.95%
SPGI	C	0.92%
RTX	C	0.91%
ABT	B	0.89%
WM	A	0.86%
ED	D	0.86%
OKE	A	0.86%
ORLY	B	0.83%
BSX	B	0.8%
HOLX	D	0.77%
WELL	A	0.73%
NOC	D	0.71%
HLT	A	0.66%
BDX	F	0.66%
MDT	D	0.65%
O	D	0.63%
ECL	D	0.61%
SYK	C	0.61%
LYB	F	0.51%
AZO	C	0.5%

HUSV Underweight 105 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	C	-5.81%
META	D	-3.1%
ACN	C	-1.93%
GOOGL	C	-1.84%
INTU	C	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
LOW	D	-1.27%
GILD	C	-1.0%
MS	A	-0.98%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	D	-0.83%
SBUX	A	-0.76%
KLAC	D	-0.76%
CAT	B	-0.75%
JPM	A	-0.75%
ZTS	D	-0.74%
FAST	B	-0.68%
BK	A	-0.68%
MMM	D	-0.65%
PAYX	C	-0.63%
FIS	C	-0.62%
AFL	B	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
PSA	D	-0.6%
D	C	-0.59%
EBAY	D	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
SNA	A	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
MRK	F	-0.45%
IPG	D	-0.45%
MCHP	D	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
TT	A	-0.43%
CFR	B	-0.42%
NUE	C	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
LNC	B	-0.39%
PFG	D	-0.39%
RHI	B	-0.38%
ALLY	C	-0.37%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
WMT	A	-0.13%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	D	-0.01%