FNK vs. HSMV ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

$54.29

Average Daily Volume

10,619

Number of Holdings ^*

224

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.39

Average Daily Volume

1,160

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	FNK	HSMV
30 Days	2.49%	1.88%
60 Days	7.30%	7.16%
90 Days	8.83%	10.13%
12 Months	27.71%	25.86%

47 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in HSMV	Overlap
AFG	A	0.15%	1.08%	0.15%
AGCO	D	0.7%	0.33%	0.33%
AGO	B	0.74%	0.6%	0.6%
AMG	B	0.81%	0.61%	0.61%
ARW	C	0.61%	0.54%	0.54%
ASH	F	0.38%	0.42%	0.38%
AVT	B	0.58%	0.52%	0.52%
BJ	B	0.13%	0.35%	0.13%
BKH	C	0.62%	0.89%	0.62%
CACI	A	0.16%	1.48%	0.16%
COLM	B	0.29%	0.56%	0.29%
COOP	B	0.63%	0.33%	0.33%
DTM	A	0.32%	1.62%	0.32%
EHC	C	0.16%	0.91%	0.16%
ESNT	A	0.79%	0.78%	0.78%
FAF	C	0.34%	0.41%	0.34%
FNB	D	0.42%	0.33%	0.33%
G	A	0.68%	0.31%	0.31%
IDA	D	0.31%	1.46%	0.31%
JAZZ	F	0.43%	0.31%	0.31%
JEF	A	0.18%	0.39%	0.18%
KEX	C	0.14%	0.3%	0.14%
LANC	F	0.13%	0.47%	0.13%
LFUS	C	0.14%	0.27%	0.14%
LSTR	F	0.14%	0.78%	0.14%
MDU	C	0.61%	0.97%	0.61%
MIDD	D	0.31%	0.29%	0.29%
MMS	C	0.15%	1.06%	0.15%
MTG	A	0.83%	0.57%	0.57%
NFG	A	0.62%	1.15%	0.62%
NJR	C	0.3%	1.22%	0.3%
OGE	C	0.49%	1.53%	0.49%
OGS	C	0.64%	0.71%	0.64%
ONB	D	0.44%	0.28%	0.28%
ORI	A	0.32%	1.7%	0.32%
OSK	F	0.52%	0.26%	0.26%
PB	D	0.32%	0.4%	0.32%
PCH	C	0.16%	0.21%	0.16%
POR	D	0.62%	1.11%	0.62%
R	C	0.65%	0.27%	0.27%
RDN	D	0.78%	0.41%	0.41%
RGA	B	0.15%	0.65%	0.15%
RNR	A	0.86%	0.7%	0.7%
RYN	C	0.31%	0.45%	0.31%
SAIC	A	0.34%	0.41%	0.34%
SEIC	B	0.3%	1.65%	0.3%
SLGN	B	0.34%	0.66%	0.34%

FNK Overweight 177 Positions Relative to HSMV

Symbol	Grade	Weight
LBRDK	C	1.01%
MHO	C	0.96%
TMHC	C	0.88%
MTH	C	0.88%
GPI	C	0.88%
JXN	A	0.86%
RUSHA	D	0.85%
LAD	C	0.85%
KBH	D	0.84%
BTU	B	0.82%
FMC	C	0.8%
TAP	D	0.78%
FYBR	C	0.76%
HOG	D	0.76%
SIG	C	0.74%
ASO	D	0.73%
ESGR	C	0.73%
CHK	C	0.71%
COLB	C	0.71%
NOG	D	0.7%
SEB	F	0.7%
VLY	C	0.7%
DAR	F	0.69%
TPH	C	0.68%
WTM	C	0.68%
UHS	D	0.68%
SM	D	0.68%
KRC	C	0.68%
BCC	C	0.68%
THC	D	0.68%
MOS	F	0.66%
PNW	C	0.66%
TEX	F	0.66%
LBRT	D	0.66%
AL	D	0.65%
EVRG	C	0.65%
BYD	B	0.65%
UNM	A	0.65%
HP	D	0.63%
GMS	B	0.63%
PVH	D	0.63%
BWA	C	0.62%
OVV	D	0.62%
CVI	D	0.62%
CADE	B	0.61%
AN	D	0.61%
MATX	C	0.6%
MTDR	D	0.6%
MUR	F	0.59%
DINO	F	0.59%
CLF	D	0.59%
DXC	C	0.59%
NOV	F	0.59%
OZK	D	0.57%
WBS	D	0.57%
CNXC	F	0.57%
WAL	C	0.56%
MGY	B	0.56%
ABG	D	0.56%
LNC	B	0.55%
GL	C	0.54%
PTEN	F	0.54%
CMC	D	0.54%
ADTN	C	0.53%
CUZ	C	0.53%
LEA	F	0.53%
MLI	B	0.53%
NI	A	0.51%
NRG	A	0.5%
URBN	F	0.5%
OGN	F	0.5%
UFPI	C	0.49%
ALLY	F	0.49%
APA	F	0.49%
PNFP	B	0.49%
THO	C	0.49%
PBF	F	0.48%
AXS	A	0.48%
UTHR	C	0.47%
AEO	C	0.47%
BC	C	0.47%
EMN	C	0.47%
BERY	C	0.47%
ALK	C	0.46%
EWBC	B	0.46%
SON	D	0.45%
PAG	D	0.45%
HII	F	0.45%
AGNC	B	0.45%
CZR	B	0.45%
TKR	B	0.44%
CHRD	F	0.44%
KNX	D	0.44%
PII	D	0.44%
WCC	D	0.44%
WTFC	B	0.44%
VAL	F	0.42%
NXST	D	0.42%
OLN	D	0.42%
SANM	D	0.42%
WU	D	0.41%
FHN	D	0.4%
OMF	D	0.39%
RRC	D	0.39%
GAP	F	0.37%
LPX	C	0.37%
IPGP	D	0.36%
SSB	C	0.35%
ATKR	F	0.35%
AYI	A	0.35%
DDS	D	0.35%
DNB	D	0.35%
M	D	0.34%
AIZ	B	0.34%
UMBF	C	0.34%
BBWI	F	0.33%
LNT	B	0.33%
ABCB	C	0.33%
GT	F	0.32%
CMA	C	0.32%
HOMB	D	0.31%
UBSI	D	0.31%
IAC	C	0.31%
BOKF	B	0.31%
ZION	D	0.3%
SLM	B	0.3%
UGI	C	0.3%
ASGN	D	0.3%
REYN	D	0.3%
HWC	D	0.29%
WHR	C	0.29%
WTRG	D	0.29%
SWX	C	0.29%
SNX	C	0.28%
ENS	B	0.27%
DKS	D	0.27%
SKX	B	0.27%
CROX	C	0.27%
PRGO	F	0.27%
BECN	D	0.26%
HGV	F	0.25%
RIG	F	0.23%
CAR	D	0.23%
AMKR	F	0.21%
VNO	B	0.21%
SKY	C	0.2%
FBIN	C	0.19%
CCK	C	0.18%
JLL	C	0.18%
HLI	A	0.17%
IVZ	A	0.17%
HSIC	D	0.16%
IP	C	0.16%
VOYA	A	0.16%
AVNT	C	0.16%
NVST	D	0.16%
TFX	C	0.16%
USFD	C	0.16%
MAT	B	0.16%
RHI	D	0.15%
BXMT	C	0.15%
SNV	D	0.15%
BPOP	D	0.15%
KWR	F	0.14%
SEM	D	0.14%
SIGI	D	0.14%
GXO	D	0.14%
PARA	F	0.14%
NEOG	F	0.14%
FUL	F	0.14%
SUM	F	0.14%
BHF	D	0.14%
SEE	C	0.14%
AR	C	0.13%
CXT	F	0.13%
CRUS	D	0.13%
AAP	F	0.08%

FNK Underweight 99 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	A	-2.04%
POST	C	-1.7%
INGR	B	-1.67%
CTRE	C	-1.6%
MSGS	A	-1.37%
ADC	C	-1.33%
DCI	B	-1.33%
AMH	D	-1.31%
CHE	D	-1.29%
RLI	A	-1.28%
FLO	D	-1.26%
AM	A	-1.2%
NWE	C	-1.18%
NNN	C	-1.16%
FHI	A	-1.14%
OHI	C	-1.13%
GNTX	D	-1.06%
GGG	C	-1.04%
GLPI	C	-1.04%
NYT	C	-1.02%
DLB	D	-0.93%
FCPT	C	-0.9%
EPR	C	-0.89%
MSA	F	-0.87%
KBR	A	-0.85%
ELS	D	-0.83%
EFC	D	-0.83%
AVA	D	-0.77%
ENSG	D	-0.77%
PECO	C	-0.72%
PRI	A	-0.71%
AWR	B	-0.71%
CBSH	D	-0.71%
EGP	D	-0.7%
EPRT	C	-0.68%
PBH	D	-0.68%
LOPE	D	-0.67%
CPK	C	-0.65%
RPM	A	-0.63%
CW	A	-0.63%
NMIH	B	-0.61%
SF	A	-0.6%
FCN	C	-0.59%
IDCC	A	-0.59%
PRGS	A	-0.59%
SCI	D	-0.58%
JHG	A	-0.58%
FELE	C	-0.57%
SBRA	C	-0.57%
ACM	A	-0.56%
BCPC	C	-0.54%
CWT	D	-0.54%
RS	D	-0.52%
FNF	C	-0.52%
EPC	F	-0.52%
CHH	A	-0.52%
GATX	F	-0.51%
FR	D	-0.48%
FLS	A	-0.47%
MSM	D	-0.47%
LAMR	C	-0.46%
MUSA	D	-0.46%
BRX	C	-0.46%
CHDN	C	-0.44%
PFGC	A	-0.43%
BWXT	A	-0.42%
BLKB	C	-0.42%
CLH	B	-0.39%
ENR	B	-0.39%
CNO	B	-0.39%
MAN	D	-0.38%
ITT	C	-0.38%
LXP	D	-0.38%
GPK	D	-0.38%
RGLD	C	-0.35%
ABM	D	-0.35%
IOSP	F	-0.35%
CSL	A	-0.34%
JJSF	C	-0.33%
LECO	D	-0.33%
MTN	D	-0.31%
EXEL	B	-0.3%
EVR	C	-0.3%
CRI	D	-0.28%
HRB	C	-0.28%
ALV	F	-0.28%
KFY	C	-0.28%
CUBE	C	-0.27%
EVTC	D	-0.27%
LII	C	-0.26%
ORA	C	-0.26%
AIN	F	-0.26%
FSS	D	-0.25%
HXL	F	-0.24%
PLXS	A	-0.24%
REXR	D	-0.24%
CASY	D	-0.24%
IRT	D	-0.23%
NSA	D	-0.15%