EWP vs. FPA ETF Comparison

Comparison of iShares MSCI Spain Capped Index Fund (EWP) to First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)

EWP

iShares MSCI Spain Capped Index Fund

EWP Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Spain 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

267,162

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPA

First Trust Asia Pacific ex-Japan AlphaDEX Fund

FPA 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 Asia Pacific Ex-Japan Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in 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 Asia Pacific Ex-Japan BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.43

Average Daily Volume

1,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EWP	FPA
30 Days	1.81%	4.36%
60 Days	1.82%	4.70%
90 Days	7.95%	9.07%
12 Months	15.98%	6.28%

0 Overlapping Holdings

	Symbol	Grade	Weight in EWP	Weight in FPA	Overlap

EWP Overweight 5 Positions Relative to FPA

Symbol	Grade	Weight
SAN	D	15.52%
BBVA	C	11.48%
TEF	C	4.63%
AMS	D	4.5%
RACE	B	4.44%

EWP Underweight 6 Positions Relative to FPA

Symbol	Grade	Weight
KB	B	-1.88%
SHG	B	-1.7%
KEP	D	-1.36%
KT	C	-1.21%
SKM	C	-1.2%
XRX	F	-0.68%

EWP: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Medical Care Telecom Services