FNK vs. PKW ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to PowerShares Buyback Achievers (PKW)

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

$57.37

Average Daily Volume

9,876

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$123.75

Average Daily Volume

17,079

Number of Holdings ^*

191

* may have additional holdings in another (foreign) market

Performance

Period	FNK	PKW
30 Days	7.85%	7.20%
60 Days	5.62%	9.19%
90 Days	5.60%	12.10%
12 Months	27.99%	36.73%

38 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in PKW	Overlap
ABG	B	0.47%	0.17%	0.17%
AMG	B	0.75%	0.18%	0.18%
AMR	C	0.74%	0.1%	0.1%
AN	C	0.4%	0.21%	0.21%
ARW	D	0.5%	0.2%	0.2%
ASGN	F	0.27%	0.13%	0.13%
ASH	D	0.38%	0.12%	0.12%
ASO	F	0.58%	0.11%	0.11%
ATKR	C	0.75%	0.1%	0.1%
BC	C	0.41%	0.17%	0.17%
BERY	B	0.46%	0.25%	0.25%
BYD	C	0.48%	0.22%	0.22%
CNX	A	0.87%	0.19%	0.19%
COOP	B	0.61%	0.2%	0.2%
CRC	B	0.32%	0.17%	0.17%
DDS	B	0.65%	0.17%	0.17%
DINO	D	0.7%	0.27%	0.27%
DXC	B	0.55%	0.12%	0.12%
GPI	A	0.61%	0.18%	0.18%
HGV	B	0.33%	0.14%	0.14%
HP	B	0.8%	0.11%	0.11%
JEF	A	0.17%	0.5%	0.17%
KBH	D	0.52%	0.19%	0.19%
LBRT	D	0.67%	0.1%	0.1%
MATX	C	0.63%	0.17%	0.17%
MGM	D	0.14%	0.37%	0.14%
MTG	C	0.7%	0.21%	0.21%
MUSA	A	0.15%	0.35%	0.15%
NXST	C	0.43%	0.17%	0.17%
OLN	D	0.37%	0.16%	0.16%
ORI	A	0.31%	0.32%	0.31%
PAG	B	0.43%	0.35%	0.35%
PVH	C	0.72%	0.18%	0.18%
R	B	0.64%	0.23%	0.23%
SLM	A	0.31%	0.17%	0.17%
SM	B	0.81%	0.17%	0.17%
TNET	D	0.26%	0.14%	0.14%
WU	D	0.39%	0.12%	0.12%

FNK Overweight 185 Positions Relative to PKW

Symbol	Grade	Weight
MTDR	B	0.86%
OVV	B	0.85%
AGO	B	0.84%
NOG	A	0.84%
JXN	C	0.8%
OSK	B	0.79%
TAP	C	0.78%
PTEN	C	0.78%
CMC	B	0.78%
AL	B	0.77%
HCC	B	0.76%
CIVI	D	0.74%
PBF	D	0.73%
CHRD	D	0.72%
NOV	C	0.72%
URBN	C	0.72%
UGI	A	0.71%
UNM	A	0.71%
MUR	D	0.71%
NFE	D	0.71%
RDN	C	0.71%
TMHC	B	0.71%
TEX	D	0.71%
RNR	C	0.69%
LAD	A	0.68%
CADE	B	0.68%
BWA	D	0.68%
G	B	0.66%
DAR	C	0.66%
RUSHA	C	0.66%
TPH	D	0.66%
APA	D	0.66%
OZK	B	0.65%
MGY	A	0.65%
MHO	D	0.65%
LBRDK	C	0.65%
CNO	A	0.64%
LNC	B	0.64%
RRC	B	0.64%
MTH	D	0.63%
BEN	C	0.63%
ESNT	D	0.63%
LEA	D	0.63%
HOG	D	0.62%
FMC	D	0.61%
JAZZ	B	0.61%
EVRG	A	0.6%
BKH	A	0.6%
PNW	B	0.6%
ADTN	A	0.6%
SR	A	0.59%
HRI	B	0.59%
OTTR	C	0.59%
NFG	A	0.59%
GBDC	C	0.59%
AAP	C	0.59%
BCC	B	0.58%
FHN	A	0.57%
BBWI	D	0.57%
HST	C	0.57%
KRC	C	0.57%
SOLV	C	0.56%
MOS	F	0.56%
M	D	0.56%
AVT	C	0.56%
WBS	A	0.56%
POR	C	0.56%
MDU	D	0.55%
SUM	B	0.54%
ZION	B	0.54%
CNXC	F	0.53%
SIG	B	0.53%
WCC	B	0.52%
FNB	A	0.51%
ALK	C	0.51%
OMF	A	0.51%
COLB	A	0.51%
CLF	F	0.51%
UHS	D	0.5%
SANM	B	0.49%
VLY	B	0.49%
GMS	B	0.48%
AMKR	D	0.48%
AXS	A	0.47%
SWX	B	0.46%
OGE	B	0.46%
JBL	B	0.46%
OGS	A	0.45%
GL	B	0.45%
WHR	B	0.45%
INGR	B	0.44%
RIG	D	0.44%
THO	B	0.43%
SNX	C	0.42%
POST	C	0.41%
ENS	D	0.41%
LKQ	D	0.41%
SJM	D	0.4%
SON	D	0.4%
EMN	D	0.4%
BECN	B	0.36%
AEO	F	0.35%
PII	D	0.35%
WTFC	A	0.35%
MLI	C	0.35%
SEIC	B	0.34%
OGN	D	0.34%
UBSI	B	0.33%
CMA	A	0.33%
PB	A	0.33%
IDA	A	0.33%
ACA	A	0.32%
BOKF	B	0.32%
ABCB	B	0.32%
HII	D	0.32%
AIZ	A	0.32%
VNT	B	0.32%
AR	B	0.32%
HWC	B	0.32%
LPX	B	0.31%
PNM	F	0.31%
SLGN	A	0.3%
KNX	B	0.3%
CUZ	B	0.3%
MIDD	C	0.29%
COLM	B	0.29%
JWN	C	0.29%
KFY	B	0.29%
WTRG	B	0.29%
CRL	C	0.28%
MSM	C	0.28%
AGCO	D	0.28%
FIVE	F	0.28%
ALKS	B	0.28%
UFPI	B	0.28%
REYN	D	0.26%
TKR	D	0.26%
WPC	D	0.26%
SKX	D	0.26%
MMS	F	0.25%
IPG	D	0.25%
DIOD	D	0.24%
UHAL	D	0.24%
PNFP	B	0.18%
UMBF	B	0.17%
EPAM	C	0.17%
TPR	B	0.17%
SSB	B	0.16%
RHI	B	0.16%
FLR	B	0.16%
AUB	B	0.16%
GXO	B	0.16%
UCB	A	0.16%
AVNT	B	0.15%
FELE	B	0.15%
HSIC	B	0.15%
WTS	B	0.15%
SKY	A	0.15%
PRGO	B	0.15%
NJR	A	0.15%
VOYA	B	0.15%
WAL	B	0.15%
ALIT	C	0.15%
AFG	A	0.15%
DNB	B	0.15%
SEM	B	0.15%
BJ	A	0.15%
PFGC	B	0.15%
RYN	D	0.14%
FUL	F	0.14%
WD	D	0.14%
TTC	D	0.14%
BPOP	B	0.14%
STWD	C	0.14%
SEE	C	0.14%
MAT	D	0.14%
LSTR	D	0.14%
FAF	A	0.14%
IVZ	B	0.14%
CZR	F	0.13%
IAC	D	0.13%
LFUS	F	0.13%
FBIN	D	0.12%
NSP	D	0.12%
OPCH	D	0.1%

FNK Underweight 153 Positions Relative to PKW

Symbol	Grade	Weight
BKNG	A	-5.49%
TMUS	B	-5.44%
CMCSA	B	-4.88%
JNJ	D	-4.53%
LMT	D	-4.13%
FI	A	-4.0%
DE	A	-3.61%
APP	B	-2.89%
PYPL	B	-2.83%
HCA	F	-2.83%
MCK	B	-2.61%
MAR	B	-2.59%
ORLY	B	-2.3%
CSX	B	-2.21%
AFL	B	-2.05%
HLT	A	-2.0%
MET	A	-1.91%
PSX	C	-1.79%
AZO	C	-1.77%
MPC	D	-1.75%
VST	B	-1.64%
AIG	B	-1.6%
VLO	C	-1.51%
DFS	B	-1.42%
VRSK	A	-1.3%
HIG	B	-1.13%
DD	D	-1.12%
CNC	D	-1.01%
CAH	B	-0.95%
STT	A	-0.94%
PHM	D	-0.87%
GDDY	A	-0.85%
SYF	B	-0.83%
EXPE	B	-0.73%
STLD	B	-0.71%
BLDR	D	-0.68%
CFG	B	-0.68%
CSL	C	-0.66%
L	A	-0.6%
EXPD	D	-0.55%
TXT	D	-0.51%
TOL	B	-0.5%
EQH	B	-0.49%
THC	D	-0.48%
WMS	D	-0.34%
CACI	D	-0.33%
EXP	A	-0.33%
PRI	A	-0.33%
FOXA	B	-0.33%
CNM	D	-0.28%
HRB	D	-0.27%
WH	B	-0.25%
BRKR	D	-0.24%
MTN	C	-0.22%
WSC	D	-0.22%
CHH	A	-0.22%
RH	B	-0.19%
VVV	F	-0.18%
NSIT	F	-0.16%
EEFT	B	-0.15%
IDCC	A	-0.15%
GOLF	B	-0.14%
SKYW	B	-0.14%
CVCO	A	-0.13%
CAR	C	-0.12%
GFF	A	-0.12%
CEIX	A	-0.12%
TNL	A	-0.12%
ATGE	B	-0.11%
NSA	D	-0.11%
BTU	B	-0.11%
DOCN	D	-0.11%
HUN	F	-0.11%
FBP	B	-0.11%
SLVM	B	-0.11%
TGNA	B	-0.1%
PK	B	-0.1%
DEI	B	-0.1%
CARG	C	-0.1%
BHF	B	-0.1%
VIRT	B	-0.1%
VAC	B	-0.1%
GNW	A	-0.1%
ENVA	B	-0.09%
SPB	C	-0.08%
SEB	F	-0.08%
PRG	C	-0.07%
GBX	A	-0.07%
HURN	B	-0.07%
IART	C	-0.06%
AZTA	D	-0.06%
CASH	A	-0.06%
SAH	A	-0.05%
PLAY	D	-0.05%
ATSG	B	-0.05%
PEB	D	-0.05%
XHR	B	-0.05%
PZZA	D	-0.05%
CSGS	B	-0.05%
NAVI	C	-0.05%
DXPE	B	-0.04%
INVA	D	-0.04%
DK	C	-0.04%
HTZ	C	-0.04%
CNNE	B	-0.04%
JBGS	D	-0.04%
EIG	B	-0.04%
SNCY	C	-0.03%
LQDT	B	-0.03%
CGEM	F	-0.03%
RYI	C	-0.03%
STGW	B	-0.03%
HCKT	B	-0.03%
PRA	C	-0.03%
EGBN	B	-0.03%
ODP	F	-0.03%
JACK	D	-0.03%
ECVT	C	-0.03%
AMN	F	-0.03%
LILAK	D	-0.03%
XRX	F	-0.03%
SBSI	B	-0.03%
TBPH	C	-0.02%
ANAB	F	-0.02%
NFBK	B	-0.02%
HONE	B	-0.02%
FPI	B	-0.02%
LXU	B	-0.02%
OPY	B	-0.02%
NR	B	-0.02%
IMXI	B	-0.02%
SCHL	D	-0.02%
ZIP	F	-0.02%
LPRO	C	-0.02%
CHGG	D	-0.01%
SKIN	D	-0.01%
DBI	F	-0.01%
ZYXI	D	-0.01%
ONTF	C	-0.01%
TASK	C	-0.01%
WSBF	C	-0.01%
RLGT	A	-0.01%
DENN	D	-0.01%
MBI	B	-0.01%
GCO	B	-0.01%
CCRN	F	-0.01%
LWAY	D	-0.01%
LOCO	D	-0.01%
SENEA	B	-0.01%
LSEA	D	-0.01%
NECB	B	-0.01%
KELYA	F	-0.01%
MX	F	-0.0%