FTA vs. FFLC ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to Fidelity Fundamental Large Cap Core ETF (FFLC)

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

$78.40

Average Daily Volume

34,098

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$44.69

Average Daily Volume

94,548

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	FTA	FFLC
30 Days	2.00%	0.31%
60 Days	2.85%	2.90%
90 Days	6.48%	2.39%
12 Months	18.74%	33.89%

24 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in FFLC	Overlap
ACGL	B	0.95%	0.24%	0.24%
APTV	D	0.82%	0.71%	0.71%
BAC	D	0.49%	0.9%	0.49%
BKR	D	0.48%	0.7%	0.48%
CB	B	0.78%	0.97%	0.78%
CBRE	A	0.22%	0.39%	0.22%
CE	D	0.77%	0.49%	0.49%
CI	C	0.18%	0.52%	0.18%
CMCSA	D	0.87%	1.16%	0.87%
CNC	C	0.78%	0.51%	0.51%
CSCO	B	0.36%	0.44%	0.36%
GS	D	0.36%	0.33%	0.33%
JBL	D	0.48%	0.67%	0.48%
KDP	A	0.38%	0.63%	0.38%
KVUE	B	0.21%	0.88%	0.21%
LEN	B	1.05%	0.39%	0.39%
LMT	C	0.42%	0.68%	0.42%
LNG	D	0.7%	0.51%	0.51%
MS	D	0.34%	0.6%	0.34%
NKE	D	0.18%	0.92%	0.18%
REGN	C	0.19%	0.76%	0.19%
WFC	D	0.6%	1.08%	0.6%
WMT	B	0.2%	0.49%	0.2%
XOM	D	0.67%	1.49%	0.67%

FTA Overweight 162 Positions Relative to FFLC

Symbol	Grade	Weight
DHI	B	1.16%
EXC	B	1.0%
ETR	A	1.0%
CINF	B	0.99%
T	B	0.98%
GPN	D	0.98%
FOXA	B	0.98%
BRK.A	C	0.96%
CF	B	0.91%
UAL	B	0.88%
ADM	D	0.86%
GM	B	0.86%
EG	B	0.86%
MKL	C	0.85%
SYF	C	0.85%
CVS	D	0.84%
XEL	A	0.83%
EBAY	B	0.82%
MPC	D	0.81%
AEP	B	0.81%
EOG	D	0.81%
AEE	B	0.81%
ATO	B	0.8%
ED	C	0.8%
HIG	A	0.79%
UHAL	B	0.78%
CTSH	C	0.78%
COP	D	0.78%
PCG	C	0.78%
BG	D	0.78%
VTRS	C	0.77%
EQT	D	0.77%
NUE	F	0.77%
CVX	D	0.77%
PSX	D	0.77%
CAG	B	0.77%
KHC	C	0.76%
MTB	B	0.76%
CFG	D	0.76%
HBAN	B	0.75%
SJM	C	0.75%
SNA	B	0.74%
VZ	B	0.74%
FANG	D	0.74%
STLD	D	0.74%
CTRA	F	0.74%
VLO	D	0.74%
IPG	C	0.73%
KMI	A	0.73%
DVN	F	0.73%
F	D	0.73%
L	B	0.72%
WBD	D	0.71%
OXY	F	0.7%
COF	C	0.69%
HPE	D	0.69%
LYB	F	0.68%
AIG	D	0.68%
RS	D	0.67%
LKQ	D	0.66%
OC	C	0.65%
TROW	D	0.63%
BEN	F	0.61%
AFL	B	0.61%
WEC	B	0.61%
EIX	C	0.6%
DUK	C	0.59%
BBY	B	0.59%
CMS	A	0.59%
D	C	0.59%
HAL	F	0.58%
FE	C	0.58%
GIS	B	0.58%
EQR	B	0.57%
STT	A	0.57%
DTE	B	0.57%
ZM	C	0.57%
FITB	B	0.57%
WPC	B	0.57%
DGX	B	0.57%
CHTR	D	0.57%
TDY	C	0.56%
USB	B	0.56%
KR	B	0.56%
RF	B	0.55%
SRE	B	0.54%
INCY	C	0.53%
JBHT	D	0.53%
DE	B	0.52%
LUV	C	0.51%
TXT	D	0.51%
TEL	D	0.49%
ZBH	F	0.49%
SWKS	F	0.48%
CRBG	D	0.48%
FDX	C	0.48%
C	D	0.46%
CNP	C	0.45%
FNF	A	0.42%
PYPL	B	0.42%
KIM	B	0.42%
HCA	B	0.42%
SSNC	B	0.41%
NEE	B	0.41%
MOH	C	0.41%
PKG	B	0.4%
PNC	B	0.4%
LOW	B	0.4%
MDT	C	0.4%
TRV	B	0.4%
JNJ	B	0.39%
PEG	B	0.39%
KEY	B	0.39%
APD	B	0.38%
OMC	A	0.38%
CPB	B	0.38%
WRB	C	0.38%
WY	C	0.38%
OKE	B	0.38%
EPAM	D	0.37%
HSY	C	0.37%
DOV	B	0.36%
HRL	C	0.36%
ARE	B	0.36%
PPG	C	0.35%
TGT	C	0.35%
GPC	D	0.34%
UPS	D	0.33%
HPQ	D	0.33%
DOW	D	0.33%
INTC	F	0.32%
K	A	0.23%
VTR	C	0.21%
MKC	B	0.2%
BLK	A	0.19%
ABT	C	0.19%
POOL	C	0.19%
MDLZ	B	0.19%
AWK	A	0.19%
TRGP	B	0.19%
MAA	B	0.19%
JCI	B	0.18%
CMI	C	0.18%
SYY	D	0.18%
TSN	C	0.18%
PRU	C	0.17%
DD	B	0.17%
ELV	C	0.17%
LHX	D	0.17%
J	D	0.17%
PFG	B	0.17%
KMB	D	0.17%
CTVA	B	0.17%
TSCO	C	0.17%
GD	B	0.17%
RJF	C	0.16%
WLK	D	0.16%
EXPD	B	0.16%
HUM	F	0.15%
QCOM	D	0.14%
BIIB	F	0.14%
DG	F	0.11%

FTA Underweight 109 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AAPL	D	-4.51%
NVDA	D	-3.39%
AMZN	C	-3.26%
META	A	-2.57%
GOOGL	D	-2.4%
LLY	C	-1.93%
UNH	C	-1.72%
V	B	-1.63%
ADBE	D	-1.41%
BA	F	-1.31%
AMD	F	-1.27%
BSX	B	-1.23%
TJX	C	-1.2%
NFLX	B	-1.06%
ETN	C	-1.05%
UBER	C	-1.04%
TMO	C	-1.03%
PH	B	-1.02%
JPM	D	-0.98%
CRM	D	-0.98%
INTU	D	-0.92%
PWR	B	-0.92%
GE	B	-0.9%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
FCX	D	-0.75%
CAT	C	-0.75%
KO	B	-0.73%
IR	C	-0.73%
SHOP	C	-0.69%
ON	D	-0.69%
NXPI	D	-0.68%
SYK	C	-0.67%
HWM	B	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
VST	C	-0.65%
BKNG	B	-0.61%
NOC	B	-0.6%
SLB	F	-0.6%
BJ	D	-0.58%
TSM	D	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	D	-0.55%
MMC	C	-0.53%
FLEX	C	-0.52%
RL	B	-0.51%
ABNB	D	-0.5%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
NVR	B	-0.45%
BWXT	D	-0.45%
SNPS	D	-0.44%
WDAY	D	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	D	-0.42%
CMG	C	-0.42%
ARES	B	-0.41%
FCN	C	-0.41%
SPOT	B	-0.4%
ITT	C	-0.39%
BLDR	C	-0.39%
FOUR	C	-0.39%
AVY	D	-0.38%
EDR	A	-0.37%
URI	B	-0.37%
WSC	D	-0.32%
HLI	B	-0.32%
TRNO	C	-0.32%
HES	D	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	B	-0.28%
EL	F	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	F	-0.27%
MRK	D	-0.26%
GLPI	B	-0.26%
TT	B	-0.26%
ASML	D	-0.25%
NVO	D	-0.25%
FSLR	C	-0.25%
AR	D	-0.24%
FND	C	-0.24%
TER	D	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	C	-0.2%
WNS	F	-0.19%
ESS	B	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	C	-0.16%
MU	F	-0.14%
MASI	D	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%