LDSF vs. PEX ETF Comparison

Comparison of First Trust Low Duration Strategic Focus ETF (LDSF) to ProShares Global Listed Private Equity ETF (PEX)

LDSF

First Trust Low Duration Strategic Focus ETF

LDSF Description

The investment seeks to generate current income, with a secondary objective of preservation of capital. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S.-listed exchange-traded funds ("ETFs") that principally invest in income-generating securities that provide it with a duration of three years or less. A significant portion of the ETFs in which the fund invests may be advised by First Trust. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.57

Average Daily Volume

34,398

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

PEX

ProShares Global Listed Private Equity ETF

PEX Description

The investment seeks investment results before fees and expenses that track the performance of the LPX Direct Listed Private Equity Index (the "index"). The index consists of up to 30 qualifying listed private equity companies. The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. It will invest at least 80% of its total assets in component securities. The fund will concentrate its investments in a particular industry or group of industries, country or region to approximately the same extent as the index is so concentrated. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.02

Average Daily Volume

2,712

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	LDSF	PEX
30 Days	-0.60%	0.35%
60 Days	-0.09%	1.58%
90 Days	-0.08%	3.02%
12 Months	4.09%	21.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in LDSF	Weight in PEX	Overlap

LDSF Overweight 6 Positions Relative to PEX

	Symbol	Grade	Weight
	LMBS	C	39.91%
	FSIG	C	35.08%
	HYLS	C	9.93%
	FTSL	A	5.04%
	FTSM	A	5.04%
	IEI	D	4.95%

LDSF Underweight 13 Positions Relative to PEX

	Symbol	Grade	Weight
	ARCC	A	-9.94%
	FSK	A	-7.89%
	MAIN	A	-5.98%
	GBDC	A	-4.3%
	HTGC	A	-4.23%
	TSLX	B	-3.08%
	PSEC	C	-2.65%
	GSBD	A	-2.54%
	CODI	B	-2.28%
	NMFC	C	-1.83%
	CSWC	A	-1.62%
	BBDC	A	-1.35%
	SLRC	A	-1.05%

LDSF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Structured Finance Banking Bond Market Mortgage Backed Security Asset And Liability Management Asset Backed Security Bank Loans Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Index Commercial Mortgage Debt Distressed Securities Financial Market Government Bonds High Yield Debt

PEX: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Specialty Finance

Keywords: Business Development Mezzanine Capital Private Equity Venture Capital Chemical Golub Capital Healthcare Service Refinancing Spell Capital Partners Aerospace Beverage Business Development Company Capital Structure Consumer Products Debt Debt Financing Electronics Entrepreneurship Leveraged Buyout Loan