MMLG vs. KEAT ETF Comparison

Comparison of First Trust Multi-Manager Large Growth ETF (MMLG) to Keating Active ETF (KEAT)

MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.47

Average Daily Volume

12,050

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MMLG	KEAT
30 Days	5.74%	0.99%
60 Days	7.34%	0.14%
90 Days	8.66%	1.23%
12 Months	35.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in MMLG	Weight in KEAT	Overlap
	AXP	A	0.48%	0.51%	0.48%

MMLG Overweight 76 Positions Relative to KEAT

Symbol	Grade	Weight
NVDA	C	10.25%
MSFT	F	6.68%
AMZN	C	6.51%
AAPL	C	4.57%
META	D	4.47%
NOW	A	3.93%
NFLX	A	2.79%
SHOP	B	2.64%
GOOGL	C	2.26%
TEAM	A	2.14%
DDOG	A	2.1%
SE	B	2.06%
AVGO	D	1.98%
UBER	D	1.87%
DASH	A	1.85%
SPOT	B	1.83%
SQ	B	1.8%
DXCM	D	1.69%
NU	C	1.61%
ICE	C	1.48%
MA	C	1.45%
LLY	F	1.42%
IOT	A	1.42%
NET	B	1.35%
ASML	F	1.23%
ENTG	D	1.1%
V	A	1.09%
OKTA	C	1.02%
TSLA	B	0.93%
CRM	B	0.9%
RARE	D	0.83%
RBLX	C	0.79%
CMG	B	0.75%
INTU	C	0.73%
LYV	A	0.65%
SNOW	C	0.65%
ADBE	C	0.64%
MRK	F	0.63%
ORLY	B	0.62%
QCOM	F	0.58%
VEEV	C	0.56%
SHW	A	0.55%
KLAC	D	0.55%
CDNS	B	0.54%
IR	B	0.52%
IT	C	0.52%
UNH	C	0.49%
ANET	C	0.47%
ARES	A	0.44%
WDAY	B	0.44%
BSX	B	0.44%
EQIX	A	0.43%
PANW	C	0.43%
VRTX	F	0.41%
PTC	A	0.4%
SPGI	C	0.4%
KKR	A	0.4%
CDW	F	0.4%
COHR	B	0.39%
BLDR	D	0.37%
MDB	C	0.36%
MNST	C	0.35%
ABNB	C	0.32%
NKE	D	0.32%
NDSN	B	0.31%
ACGL	D	0.3%
EW	C	0.3%
APH	A	0.3%
TXN	C	0.29%
AMD	F	0.29%
DKNG	B	0.29%
EL	F	0.29%
HUBS	A	0.28%
PINS	D	0.21%
FANG	D	0.18%
VST	B	0.13%

MMLG Underweight 26 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	C	-28.19%
OII	B	-3.84%
GOLD	D	-3.73%
CALM	A	-3.56%
EQC	B	-3.54%
PM	B	-3.36%
TAP	C	-3.31%
VZ	C	-3.26%
EQNR	D	-3.23%
LMT	D	-3.16%
VOD	F	-3.14%
TALO	C	-2.99%
UL	D	-2.98%
TTE	F	-2.85%
LW	C	-2.42%
JNJ	D	-1.6%
AFL	B	-1.54%
XOM	B	-1.28%
TMO	F	-1.2%
WY	D	-1.16%
PEP	F	-0.9%
UPS	C	-0.84%
DOV	A	-0.81%
BRK.A	B	-0.79%
INTC	D	-0.57%
TGT	F	-0.57%