FPA vs. QLVE ETF Comparison

Comparison of First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

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

$30.56

Average Daily Volume

613

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in emerging market countries. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.31

Average Daily Volume

1,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPA	QLVE
30 Days	5.07%	5.40%
60 Days	10.92%	9.71%
90 Days	7.88%	8.60%
12 Months	27.69%	26.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in FPA	Weight in QLVE	Overlap
	KT	C	1.27%	0.51%	0.51%
	SKM	C	1.27%	0.78%	0.78%

FPA Overweight 4 Positions Relative to QLVE

Symbol	Grade	Weight
SHG	C	1.78%
KB	D	1.78%
KEP	D	1.41%
XRX	D	0.69%

FPA Underweight 11 Positions Relative to QLVE

Symbol	Grade	Weight
BABA	A	-2.69%
CHT	C	-0.92%
BAP	B	-0.88%
PDD	B	-0.76%
IBN	C	-0.67%
HDB	C	-0.45%
NTES	B	-0.43%
UMC	D	-0.19%
VALE	B	-0.19%
BIDU	B	-0.03%
TCOM	A	-0.02%