VSMV vs. FDN ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to First Trust DJ Internet Index Fund (FDN)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$45.58

Average Daily Volume

3,617

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDN

First Trust DJ Internet Index Fund

FDN Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Internet Composite Index (SM) (the "index"). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. It, using an "indexing" investment approach, attempts to replicate, before fees and expenses, the performance of the index. The index is designed to include only companies whose primary focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$206.15

Average Daily Volume

309,786

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	FDN
30 Days	2.87%	2.70%
60 Days	5.16%	3.09%
90 Days	1.00%	0.52%
12 Months	15.04%	26.83%

3 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in FDN	Overlap
AKAM	F	1.34%	1.32%	1.32%
CSCO	C	2.1%	4.33%	2.1%
GOOGL	A	2.7%	6.9%	2.7%

VSMV Overweight 63 Positions Relative to FDN

Symbol	Grade	Weight
MSFT	A	10.19%
AAPL	B	9.64%
WMT	A	3.97%
MRK	B	3.57%
JNJ	F	3.48%
ABBV	B	3.41%
LMT	A	3.25%
KMB	B	3.19%
WM	A	3.05%
RSG	A	3.04%
UNH	D	2.85%
AFL	B	2.56%
CVX	C	2.55%
NTAP	A	2.44%
CTSH	C	2.35%
HSY	F	2.23%
FAST	D	2.08%
LDOS	B	1.74%
DECK	B	1.65%
EG	C	1.65%
GD	C	1.57%
TXT	C	1.53%
WRB	B	1.48%
SNA	D	1.39%
KMI	B	1.33%
BMY	F	1.2%
KR	D	1.07%
MUSA	B	0.95%
ULTA	F	0.89%
UNM	C	0.76%
FOXA	B	0.75%
NYT	B	0.75%
SSNC	B	0.72%
SAIC	D	0.58%
CSX	D	0.34%
TXRH	A	0.32%
SKX	B	0.32%
COKE	A	0.29%
CAH	D	0.29%
VRSK	A	0.28%
EXPD	B	0.26%
OC	C	0.26%
CSL	B	0.26%
PRU	B	0.25%
EOG	C	0.24%
TROW	B	0.24%
CHRD	C	0.24%
V	D	0.24%
HD	C	0.23%
NVR	B	0.23%
CI	D	0.23%
UFPI	D	0.23%
MA	D	0.23%
CMCSA	D	0.22%
BLD	D	0.22%
CLX	D	0.22%
VLO	C	0.22%
CNM	D	0.22%
CNC	D	0.21%
MPC	C	0.21%
MAT	F	0.21%
TGT	C	0.2%
THO	D	0.19%

VSMV Underweight 38 Positions Relative to FDN

Symbol	Grade	Weight
AMZN	A	-10.56%
META	B	-8.53%
NFLX	A	-5.96%
GOOG	A	-5.82%
CRM	D	-4.21%
ANET	A	-3.84%
PYPL	F	-3.06%
ABNB	C	-2.88%
PINS	B	-2.32%
DDOG	C	-2.24%
WDAY	D	-2.22%
EBAY	B	-2.19%
SNOW	D	-2.17%
DASH	D	-2.11%
GDDY	A	-1.98%
SNAP	B	-1.97%
DKNG	F	-1.84%
VEEV	D	-1.79%
NET	B	-1.72%
TEAM	D	-1.7%
CVNA	A	-1.67%
RBLX	B	-1.6%
ZM	D	-1.41%
JNPR	B	-1.35%
OKTA	C	-1.34%
NTNX	C	-1.32%
DOCU	C	-1.3%
MTCH	F	-1.13%
SMAR	B	-1.0%
CIEN	C	-0.93%
CFLT	C	-0.93%
DBX	D	-0.9%
MARA	C	-0.85%
BOX	C	-0.76%
ZI	F	-0.68%
TDOC	F	-0.48%
FSLY	F	-0.31%
COMM	D	-0.25%