ACWV vs. FTA ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.59

Average Daily Volume

123,378

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA 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 Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$81.16

Average Daily Volume

33,237

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	FTA
30 Days	-0.80%	2.09%
60 Days	-0.01%	5.26%
90 Days	3.65%	8.63%
12 Months	20.77%	29.46%

48 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in FTA	Overlap
ACN	C	0.25%	0.17%	0.17%
AEE	A	0.1%	0.7%	0.1%
AEP	D	0.07%	0.48%	0.07%
AKAM	F	0.31%	0.53%	0.31%
CAG	F	0.05%	0.15%	0.05%
CB	D	0.84%	0.68%	0.68%
CF	B	0.25%	0.69%	0.25%
CI	D	0.23%	0.16%	0.16%
CMS	D	0.16%	0.33%	0.16%
CPB	F	0.22%	0.16%	0.16%
CSCO	A	1.56%	0.38%	0.38%
CTSH	A	0.21%	0.74%	0.21%
CTVA	C	0.12%	0.17%	0.12%
DGX	A	0.15%	0.52%	0.15%
DUK	D	0.8%	0.49%	0.49%
ED	D	0.85%	0.66%	0.66%
EG	D	0.1%	0.81%	0.1%
ELV	F	0.44%	0.29%	0.29%
FANG	D	0.06%	0.74%	0.06%
GD	A	0.19%	0.17%	0.17%
GIS	F	0.61%	0.31%	0.31%
GPC	D	0.05%	0.31%	0.05%
HOLX	D	0.05%	0.17%	0.05%
HRL	F	0.23%	0.49%	0.23%
HSY	D	0.42%	0.32%	0.32%
HUM	F	0.32%	0.32%	0.32%
JNJ	F	1.07%	0.34%	0.34%
KDP	D	0.35%	0.31%	0.31%
KEYS	B	0.43%	0.18%	0.18%
KHC	F	0.33%	0.48%	0.33%
KR	A	0.83%	0.73%	0.73%
L	B	0.39%	0.73%	0.39%
LMT	D	0.23%	0.16%	0.16%
LNG	B	0.15%	0.79%	0.15%
MDLZ	F	0.24%	0.15%	0.15%
MOH	F	0.13%	0.34%	0.13%
MPC	D	0.14%	0.83%	0.14%
PEP	F	1.06%	0.16%	0.16%
T	C	0.25%	0.88%	0.25%
TDY	A	0.11%	0.56%	0.11%
TRV	B	0.31%	0.55%	0.31%
TSN	C	0.29%	0.35%	0.29%
ULTA	C	0.17%	0.52%	0.17%
VZ	D	0.74%	0.63%	0.63%
WEC	B	0.66%	0.35%	0.35%
WRB	B	0.4%	0.18%	0.18%
XEL	A	0.11%	0.71%	0.11%
XOM	B	0.1%	0.91%	0.1%

ACWV Overweight 90 Positions Relative to FTA

Symbol	Grade	Weight
TMUS	A	1.95%
WMT	A	1.78%
MSI	B	1.76%
WM	A	1.47%
MCK	B	1.39%
ROP	B	1.36%
VRTX	B	1.16%
RSG	A	1.16%
MRK	F	1.07%
COR	A	1.06%
MCD	D	0.99%
MMC	C	0.88%
BRK.A	C	0.88%
UNH	B	0.83%
PGR	B	0.82%
NOC	C	0.79%
PG	D	0.79%
SO	D	0.79%
AZO	C	0.76%
MSFT	C	0.75%
IBM	D	0.74%
REGN	F	0.63%
GDDY	A	0.61%
ORLY	A	0.6%
EA	A	0.6%
V	A	0.58%
ACGL	D	0.57%
ABBV	D	0.57%
K	A	0.56%
APH	B	0.54%
CBOE	D	0.53%
ORCL	A	0.53%
LLY	D	0.52%
GILD	B	0.5%
FI	A	0.47%
CHD	B	0.44%
BAH	C	0.42%
MKL	A	0.41%
UTHR	B	0.41%
INCY	B	0.4%
WCN	B	0.38%
CHT	D	0.37%
AMGN	F	0.37%
FFIV	B	0.36%
VRSN	C	0.35%
AON	A	0.35%
TJX	B	0.35%
CL	F	0.34%
JNPR	C	0.32%
AJG	B	0.32%
NBIX	C	0.31%
BRO	A	0.3%
KMB	F	0.3%
GEN	A	0.29%
SJM	F	0.28%
ERIE	F	0.27%
YUM	B	0.24%
BMY	B	0.23%
CME	B	0.23%
FCNCA	B	0.23%
BDX	D	0.22%
FWONK	C	0.21%
MFG	B	0.21%
PTC	B	0.21%
JKHY	C	0.2%
ROL	B	0.2%
BMRN	F	0.19%
DPZ	C	0.19%
CAH	B	0.18%
MA	A	0.18%
AIZ	A	0.12%
MNST	B	0.12%
AZPN	B	0.11%
WIT	B	0.11%
FICO	A	0.11%
WDAY	B	0.1%
PCG	A	0.1%
WTW	A	0.1%
NEM	F	0.1%
TPL	A	0.1%
ABT	B	0.1%
TRGP	A	0.07%
IT	A	0.07%
HSIC	F	0.06%
KNX	B	0.06%
DINO	D	0.06%
CHRW	B	0.06%
ANET	C	0.06%
ACI	C	0.05%
KO	F	0.05%

ACWV Underweight 138 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.31%
SYF	B	-1.14%
GM	B	-1.08%
DAL	A	-1.04%
STLD	B	-1.03%
PCAR	B	-1.0%
TROW	B	-0.97%
RS	B	-0.97%
CINF	A	-0.95%
COP	C	-0.94%
NUE	C	-0.94%
FOXA	A	-0.93%
CMCSA	B	-0.93%
CVX	B	-0.93%
AIG	C	-0.92%
HPE	B	-0.92%
F	C	-0.91%
CTRA	C	-0.9%
EOG	B	-0.9%
VLO	D	-0.89%
HAL	D	-0.89%
COF	B	-0.87%
WFC	B	-0.87%
OXY	F	-0.87%
DVN	F	-0.87%
TOL	B	-0.87%
PSX	D	-0.85%
KMI	A	-0.84%
HBAN	A	-0.83%
CVS	F	-0.8%
VTRS	B	-0.8%
LYB	F	-0.8%
PHM	D	-0.8%
LEN	D	-0.8%
INTC	C	-0.79%
CFG	B	-0.79%
BG	D	-0.79%
ETR	B	-0.78%
EQT	A	-0.78%
CRBG	C	-0.77%
ADM	F	-0.77%
C	B	-0.76%
OC	B	-0.75%
ALLY	C	-0.75%
SRE	A	-0.75%
FDX	B	-0.73%
ATO	A	-0.72%
SLB	D	-0.72%
ZBH	C	-0.71%
ON	D	-0.7%
CNP	B	-0.7%
HIG	C	-0.69%
APTV	F	-0.68%
EXC	D	-0.66%
SWKS	F	-0.65%
DG	F	-0.65%
SNA	A	-0.63%
MS	A	-0.63%
DHI	D	-0.62%
CHTR	B	-0.62%
BKR	B	-0.61%
IP	B	-0.61%
MTB	B	-0.6%
BAC	A	-0.58%
CE	F	-0.58%
CNC	F	-0.58%
USB	B	-0.56%
RF	A	-0.56%
FITB	A	-0.55%
STT	B	-0.55%
LUV	B	-0.54%
NI	A	-0.52%
SYY	B	-0.51%
DE	D	-0.51%
TXT	D	-0.51%
TGT	C	-0.5%
PPL	A	-0.5%
D	D	-0.5%
EBAY	D	-0.49%
STX	D	-0.49%
AFL	C	-0.49%
EQR	D	-0.49%
LNT	C	-0.48%
DTE	D	-0.47%
BLDR	D	-0.47%
DOW	F	-0.46%
BIIB	F	-0.46%
BBY	D	-0.45%
RJF	A	-0.45%
OKE	A	-0.4%
KEY	B	-0.4%
ZM	A	-0.4%
PNC	A	-0.39%
PKG	B	-0.39%
JBHT	B	-0.38%
NWSA	B	-0.38%
HPQ	B	-0.37%
KIM	B	-0.37%
RGA	A	-0.36%
PRU	B	-0.36%
DRI	B	-0.36%
DIS	C	-0.36%
CSX	B	-0.36%
DOC	C	-0.35%
SSNC	C	-0.35%
ARE	F	-0.34%
FE	D	-0.33%
CARR	D	-0.33%
EIX	D	-0.33%
NVR	D	-0.33%
PPG	F	-0.33%
FNF	C	-0.33%
WLK	F	-0.32%
CMI	B	-0.19%
J	B	-0.19%
ODFL	B	-0.19%
PYPL	B	-0.18%
APD	B	-0.18%
IEX	B	-0.18%
LH	B	-0.18%
LHX	B	-0.18%
DD	D	-0.17%
MAA	C	-0.17%
MDT	D	-0.17%
LOW	B	-0.17%
UPS	D	-0.17%
HD	B	-0.17%
SBUX	B	-0.17%
NDSN	B	-0.17%
CLX	B	-0.17%
PFG	C	-0.17%
OMC	B	-0.17%
AWK	D	-0.16%
EXPD	F	-0.16%
WY	F	-0.16%
FTV	D	-0.16%
MAS	D	-0.16%
NKE	F	-0.15%