FTA vs. DVAL ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to Dynamic US Large Cap Value ETF (DVAL)

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA 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 Large 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 500(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

$80.94

Average Daily Volume

38,450

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.58

Average Daily Volume

7,146

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	FTA	DVAL
30 Days	1.82%	1.21%
60 Days	4.97%	6.38%
90 Days	6.72%	7.52%
12 Months	24.57%	26.07%

39 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in DVAL	Overlap
BG	D	0.79%	0.67%	0.67%
BLDR	C	0.47%	1.85%	0.47%
CF	B	0.69%	0.8%	0.69%
CMCSA	B	0.93%	4.4%	0.93%
COP	C	0.94%	2.99%	0.94%
CRBG	C	0.77%	0.73%	0.73%
CSCO	A	0.38%	3.48%	0.38%
CVX	A	0.93%	2.11%	0.93%
DE	D	0.51%	3.74%	0.51%
DIS	B	0.36%	0.46%	0.36%
DRI	B	0.36%	0.68%	0.36%
EBAY	C	0.49%	0.77%	0.49%
EOG	A	0.9%	0.51%	0.51%
EXPD	C	0.16%	1.02%	0.16%
FANG	C	0.74%	0.15%	0.15%
FOXA	A	0.93%	0.53%	0.53%
GIS	F	0.31%	0.97%	0.31%
GM	B	1.08%	3.36%	1.08%
JNJ	D	0.34%	1.52%	0.34%
KHC	F	0.48%	1.0%	0.48%
LMT	D	0.16%	4.65%	0.16%
LYB	F	0.8%	1.44%	0.8%
MPC	D	0.83%	2.63%	0.83%
NUE	D	0.94%	1.19%	0.94%
NVR	D	0.33%	0.66%	0.33%
OC	A	0.75%	0.87%	0.75%
OMC	A	0.17%	0.05%	0.05%
PCAR	B	1.0%	1.24%	1.0%
PHM	D	0.8%	1.05%	0.8%
PSX	C	0.85%	0.69%	0.69%
PYPL	A	0.18%	2.39%	0.18%
RS	C	0.97%	0.99%	0.97%
STLD	C	1.03%	1.44%	1.03%
SYY	D	0.51%	0.46%	0.46%
TOL	B	0.87%	0.31%	0.31%
TXT	D	0.51%	0.52%	0.51%
VLO	C	0.89%	1.19%	0.89%
VZ	D	0.63%	0.4%	0.4%
WFC	A	0.87%	0.69%	0.69%

FTA Overweight 147 Positions Relative to DVAL

Symbol	Grade	Weight
UAL	A	1.31%
SYF	B	1.14%
DAL	A	1.04%
TROW	A	0.97%
CINF	A	0.95%
AIG	B	0.92%
HPE	B	0.92%
XOM	B	0.91%
F	C	0.91%
CTRA	B	0.9%
HAL	C	0.89%
T	A	0.88%
COF	B	0.87%
OXY	F	0.87%
DVN	F	0.87%
KMI	B	0.84%
HBAN	A	0.83%
EG	D	0.81%
CVS	F	0.8%
VTRS	B	0.8%
LEN	D	0.8%
INTC	C	0.79%
CFG	B	0.79%
LNG	B	0.79%
ETR	B	0.78%
EQT	B	0.78%
ADM	F	0.77%
C	B	0.76%
ALLY	C	0.75%
SRE	B	0.75%
CTSH	A	0.74%
FDX	B	0.73%
KR	A	0.73%
L	A	0.73%
ATO	B	0.72%
SLB	C	0.72%
ZBH	C	0.71%
XEL	A	0.71%
AEE	B	0.7%
ON	F	0.7%
CNP	B	0.7%
HIG	C	0.69%
CB	C	0.68%
APTV	F	0.68%
ED	D	0.66%
EXC	C	0.66%
SWKS	F	0.65%
DG	F	0.65%
SNA	A	0.63%
MS	A	0.63%
DHI	D	0.62%
CHTR	B	0.62%
BKR	B	0.61%
IP	B	0.61%
MTB	A	0.6%
BAC	A	0.58%
CE	F	0.58%
CNC	F	0.58%
USB	B	0.56%
RF	A	0.56%
TDY	B	0.56%
FITB	A	0.55%
STT	B	0.55%
TRV	B	0.55%
LUV	B	0.54%
AKAM	F	0.53%
DGX	B	0.52%
NI	A	0.52%
ULTA	C	0.52%
TGT	C	0.5%
PPL	A	0.5%
D	D	0.5%
HRL	F	0.49%
STX	D	0.49%
AFL	C	0.49%
DUK	D	0.49%
EQR	C	0.49%
LNT	C	0.48%
AEP	D	0.48%
DTE	D	0.47%
DOW	F	0.46%
BIIB	F	0.46%
BBY	C	0.45%
RJF	A	0.45%
OKE	A	0.4%
KEY	B	0.4%
ZM	B	0.4%
PNC	B	0.39%
PKG	B	0.39%
JBHT	C	0.38%
NWSA	B	0.38%
HPQ	B	0.37%
KIM	A	0.37%
RGA	A	0.36%
PRU	B	0.36%
CSX	B	0.36%
TSN	B	0.35%
DOC	C	0.35%
WEC	B	0.35%
SSNC	C	0.35%
ARE	F	0.34%
MOH	F	0.34%
FE	D	0.33%
CARR	C	0.33%
EIX	C	0.33%
CMS	D	0.33%
PPG	F	0.33%
FNF	C	0.33%
HSY	F	0.32%
WLK	F	0.32%
HUM	D	0.32%
KDP	C	0.31%
GPC	D	0.31%
ELV	F	0.29%
CMI	A	0.19%
J	D	0.19%
ODFL	B	0.19%
KEYS	C	0.18%
APD	B	0.18%
WRB	B	0.18%
IEX	B	0.18%
LH	B	0.18%
LHX	B	0.18%
DD	D	0.17%
HOLX	D	0.17%
MAA	C	0.17%
MDT	D	0.17%
LOW	B	0.17%
UPS	C	0.17%
HD	B	0.17%
SBUX	B	0.17%
NDSN	B	0.17%
CTVA	C	0.17%
CLX	A	0.17%
PFG	C	0.17%
GD	C	0.17%
ACN	B	0.17%
AWK	D	0.16%
CI	D	0.16%
CPB	F	0.16%
WY	F	0.16%
FTV	C	0.16%
MAS	D	0.16%
PEP	D	0.16%
NKE	F	0.15%
CAG	F	0.15%
MDLZ	F	0.15%

FTA Underweight 71 Positions Relative to DVAL

Symbol	Grade	Weight
IBM	D	-4.23%
TMUS	A	-3.64%
HON	B	-3.58%
CAT	B	-3.21%
AXP	B	-1.5%
WMT	A	-1.37%
MMM	C	-1.32%
WMB	B	-1.29%
CSL	B	-1.08%
SCI	B	-0.93%
PG	C	-0.92%
JBL	C	-0.91%
NRG	C	-0.76%
MGM	D	-0.74%
BMY	B	-0.7%
IPG	F	-0.69%
MLM	B	-0.68%
AMGN	F	-0.67%
EXPE	B	-0.66%
ORI	A	-0.64%
AN	C	-0.62%
EQH	B	-0.62%
MRO	B	-0.62%
CPAY	A	-0.61%
AFG	A	-0.59%
BERY	D	-0.52%
WH	A	-0.5%
EVR	B	-0.49%
ARMK	B	-0.48%
MTG	C	-0.45%
OMF	A	-0.44%
NXST	C	-0.43%
TRMB	B	-0.42%
FLEX	B	-0.41%
SAIC	D	-0.39%
AMG	B	-0.39%
MRK	F	-0.36%
TRGP	B	-0.36%
BC	D	-0.35%
KBH	D	-0.34%
RL	B	-0.33%
DVA	C	-0.31%
MUSA	B	-0.29%
R	B	-0.28%
RHI	B	-0.27%
DKS	D	-0.27%
BCC	B	-0.25%
AM	B	-0.24%
EXP	B	-0.23%
AOS	F	-0.23%
EMN	D	-0.22%
COKE	C	-0.22%
PVH	C	-0.2%
BLD	F	-0.2%
SNX	C	-0.19%
H	B	-0.19%
INGR	B	-0.18%
CBT	C	-0.17%
CNM	D	-0.16%
BYD	A	-0.14%
NEU	C	-0.14%
FMC	F	-0.13%
WEX	D	-0.13%
MDU	D	-0.13%
CHX	C	-0.1%
GPK	D	-0.1%
RDN	C	-0.08%
TPR	A	-0.08%
WSC	F	-0.04%
VOYA	B	-0.04%
WCC	B	-0.0%