FNK vs. FDL ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to First Trust Morningstar ETF (FDL)

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid 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 MidCap 400(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

$53.50

Average Daily Volume

12,596

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders Index(SM). 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. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.00

Average Daily Volume

467,508

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FNK	FDL
30 Days	0.95%	4.22%
60 Days	-0.78%	4.74%
90 Days	5.30%	12.27%
12 Months	18.05%	26.01%

25 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in FDL	Overlap
BKH	A	0.64%	0.13%	0.13%
CMA	B	0.31%	0.28%	0.28%
COLB	C	0.7%	0.25%	0.25%
EVRG	A	0.66%	0.44%	0.44%
FAF	A	0.35%	0.18%	0.18%
FHN	C	0.43%	0.23%	0.23%
FMC	C	0.77%	0.21%	0.21%
LNC	D	0.55%	0.2%	0.2%
LNT	A	0.34%	0.38%	0.34%
NJR	A	0.32%	0.12%	0.12%
NXST	D	0.43%	0.15%	0.15%
OGE	B	0.49%	0.25%	0.25%
OGS	A	0.63%	0.1%	0.1%
OMF	D	0.4%	0.31%	0.31%
OZK	D	0.57%	0.12%	0.12%
PNW	A	0.67%	0.31%	0.31%
POR	A	0.65%	0.15%	0.15%
PRGO	C	0.32%	0.1%	0.1%
SNV	C	0.16%	0.17%	0.16%
UBSI	C	0.33%	0.16%	0.16%
UGI	B	0.31%	0.23%	0.23%
VLY	C	0.68%	0.15%	0.15%
WHR	D	0.28%	0.27%	0.27%
WU	F	0.44%	0.2%	0.2%
ZION	D	0.3%	0.18%	0.18%

FNK Overweight 198 Positions Relative to FDL

Symbol	Grade	Weight
MHO	B	0.94%
GPI	B	0.88%
MTH	B	0.86%
RUSHA	C	0.85%
RNR	B	0.85%
MTG	B	0.85%
TMHC	B	0.85%
CNXC	D	0.84%
KBH	B	0.83%
ESNT	B	0.82%
RDN	C	0.82%
LBRDK	D	0.81%
HOG	C	0.8%
LAD	C	0.8%
JXN	B	0.8%
TAP	C	0.8%
FYBR	C	0.79%
AMG	C	0.77%
ESGR	D	0.76%
ASO	C	0.74%
AGO	C	0.74%
UHS	B	0.73%
SEB	C	0.73%
DAR	F	0.73%
WTM	D	0.71%
G	B	0.7%
NOG	F	0.69%
BTU	D	0.69%
SM	F	0.68%
LBRT	D	0.67%
THC	B	0.67%
PVH	D	0.66%
TPH	C	0.66%
TEX	D	0.66%
MOS	F	0.65%
KRC	C	0.65%
AL	D	0.65%
AGCO	D	0.65%
NFG	A	0.64%
DXC	C	0.64%
COOP	B	0.64%
NOV	F	0.63%
DINO	F	0.63%
SIG	C	0.63%
OVV	F	0.63%
CHK	D	0.63%
CVI	F	0.63%
BCC	C	0.63%
CADE	C	0.63%
BYD	C	0.63%
UNM	B	0.62%
MTDR	F	0.62%
R	B	0.62%
ARW	C	0.61%
MUR	F	0.61%
HP	F	0.61%
GMS	C	0.6%
BWA	F	0.59%
AN	D	0.59%
MDU	B	0.58%
AVT	D	0.58%
PTEN	F	0.58%
OGN	C	0.58%
ALLY	F	0.58%
WBS	D	0.58%
LEA	F	0.57%
ABG	F	0.57%
MATX	C	0.56%
GL	C	0.55%
WAL	B	0.55%
CUZ	B	0.54%
ADTN	F	0.54%
CLF	F	0.54%
MGY	D	0.54%
OSK	D	0.53%
CMC	D	0.53%
URBN	D	0.51%
NI	A	0.51%
MLI	B	0.51%
PNFP	B	0.51%
PBF	F	0.51%
BERY	B	0.5%
APA	F	0.5%
UTHR	C	0.48%
SON	C	0.48%
AXS	B	0.48%
HII	D	0.48%
CHRD	F	0.47%
AGNC	A	0.47%
EWBC	D	0.47%
ONB	C	0.47%
THO	C	0.47%
BC	D	0.46%
WTFC	C	0.46%
PAG	D	0.46%
FNB	D	0.45%
EMN	A	0.44%
KNX	C	0.44%
JAZZ	D	0.44%
UFPI	C	0.44%
PII	D	0.44%
SANM	D	0.43%
TKR	D	0.43%
NRG	C	0.43%
VAL	F	0.43%
WCC	D	0.42%
AEO	F	0.42%
CZR	D	0.41%
ALK	C	0.41%
OLN	D	0.39%
ASH	D	0.39%
GAP	F	0.37%
DNB	C	0.37%
RRC	D	0.37%
SSB	B	0.36%
ATKR	F	0.36%
DDS	D	0.35%
SLGN	B	0.35%
UMBF	B	0.35%
REYN	C	0.34%
AIZ	C	0.34%
PB	B	0.34%
ABCB	B	0.34%
HOMB	C	0.33%
IPGP	F	0.33%
LPX	B	0.33%
ORI	B	0.33%
SAIC	B	0.33%
M	D	0.33%
MIDD	D	0.32%
BBWI	F	0.32%
BOKF	B	0.32%
IDA	B	0.32%
HWC	D	0.31%
GT	F	0.31%
RYN	C	0.31%
DTM	B	0.31%
IAC	C	0.31%
SEIC	C	0.3%
ASGN	D	0.3%
COLM	B	0.3%
WTRG	D	0.3%
AYI	B	0.29%
SKX	C	0.28%
SNX	D	0.28%
DKS	D	0.28%
SLM	D	0.28%
SWX	C	0.28%
ENS	D	0.27%
CROX	C	0.26%
BECN	D	0.26%
HGV	D	0.26%
RIG	F	0.23%
AMKR	D	0.21%
VNO	A	0.19%
SKY	B	0.19%
CAR	F	0.19%
CCK	A	0.18%
JEF	B	0.17%
MAT	C	0.17%
TFX	B	0.17%
JLL	B	0.17%
EHC	B	0.16%
HSIC	D	0.16%
USFD	A	0.16%
PCH	C	0.16%
CACI	B	0.16%
AFG	B	0.16%
IP	B	0.16%
BPOP	C	0.16%
HLI	A	0.16%
MMS	D	0.15%
FUL	D	0.15%
AVNT	B	0.15%
RGA	B	0.15%
CRUS	D	0.15%
NVST	D	0.15%
BXMT	C	0.15%
IVZ	C	0.15%
LANC	D	0.14%
KWR	D	0.14%
RHI	D	0.14%
SIGI	C	0.14%
KEX	C	0.14%
GXO	D	0.14%
SEM	D	0.14%
SEE	D	0.14%
PARA	F	0.14%
BHF	F	0.14%
LSTR	D	0.14%
VOYA	A	0.14%
SUM	D	0.14%
LFUS	D	0.14%
NEOG	D	0.14%
BJ	D	0.13%
CACC	F	0.13%
AR	D	0.11%
AAP	F	0.09%

FNK Underweight 75 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	B	-8.6%
VZ	A	-7.72%
CVX	D	-7.33%
PM	B	-6.58%
PFE	C	-6.47%
MO	C	-5.32%
IBM	A	-4.91%
GILD	B	-3.12%
UPS	D	-2.97%
DUK	B	-2.42%
USB	C	-2.36%
CVS	D	-2.18%
TFC	D	-2.17%
PNC	B	-1.95%
OKE	A	-1.74%
KMI	B	-1.61%
AEP	A	-1.43%
F	D	-1.41%
PRU	C	-1.29%
KMB	C	-1.2%
DOW	F	-1.19%
EXC	A	-1.12%
KHC	C	-1.04%
EIX	B	-0.94%
XEL	B	-0.92%
LYB	F	-0.85%
FANG	F	-0.85%
WEC	B	-0.83%
ES	B	-0.76%
FITB	B	-0.73%
ETR	A	-0.72%
RF	C	-0.71%
HBAN	B	-0.7%
FE	B	-0.67%
STT	B	-0.65%
TROW	D	-0.64%
KEY	B	-0.61%
CFG	C	-0.6%
BBY	B	-0.56%
AEE	A	-0.56%
K	A	-0.53%
CAG	B	-0.5%
CLX	B	-0.49%
FNF	B	-0.39%
SWK	B	-0.38%
IPG	C	-0.34%
SJM	C	-0.33%
CNH	C	-0.28%
HAS	B	-0.28%
MTN	D	-0.23%
BEN	D	-0.21%
JHG	B	-0.15%
FIBK	C	-0.14%
FLO	C	-0.13%
SR	A	-0.13%
NWE	A	-0.11%
ALE	B	-0.11%
WEN	C	-0.11%
APAM	C	-0.11%
AVA	B	-0.11%
PNM	B	-0.1%
FHB	C	-0.1%
TNL	F	-0.09%
MSM	D	-0.09%
MAN	D	-0.09%
ASB	D	-0.09%
CC	F	-0.08%
CATY	C	-0.08%
SMG	C	-0.08%
LCII	C	-0.08%
CRI	C	-0.08%
AGR	B	-0.08%
FHI	B	-0.07%
SIRI	C	-0.05%
GEF	D	-0.01%