FTA vs. FTHI ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to First Trust High Income ETF (FTHI)

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

$80.74

Average Daily Volume

38,333

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.65

Average Daily Volume

235,406

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	FTA	FTHI
30 Days	0.55%	1.82%
60 Days	3.18%	4.08%
90 Days	5.74%	6.01%
12 Months	23.93%	18.43%

22 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in FTHI	Overlap
BAC	A	0.59%	0.54%	0.54%
COP	B	0.94%	0.24%	0.24%
CVX	A	0.96%	0.25%	0.25%
D	C	0.5%	0.08%	0.08%
DUK	C	0.49%	0.31%	0.31%
ELV	F	0.27%	0.1%	0.1%
FNF	A	0.34%	0.34%	0.34%
GIS	F	0.31%	0.08%	0.08%
HD	A	0.17%	0.86%	0.17%
LMT	D	0.16%	0.27%	0.16%
LOW	C	0.17%	0.3%	0.17%
MDLZ	F	0.15%	0.08%	0.08%
MDT	D	0.16%	0.46%	0.16%
PEP	F	0.17%	0.44%	0.17%
T	A	0.89%	0.35%	0.35%
TGT	B	0.5%	0.11%	0.11%
TOL	B	0.87%	0.45%	0.45%
VZ	C	0.64%	0.34%	0.34%
WEC	A	0.35%	0.15%	0.15%
WFC	A	0.9%	0.47%	0.47%
XEL	A	0.74%	0.18%	0.18%
XOM	B	0.9%	1.0%	0.9%

FTA Overweight 164 Positions Relative to FTHI

Symbol	Grade	Weight
UAL	A	1.4%
SYF	B	1.14%
GM	B	1.13%
DAL	A	1.12%
PCAR	C	1.02%
FOXA	B	0.98%
EOG	A	0.97%
TROW	B	0.97%
STLD	B	0.96%
CINF	A	0.96%
RS	B	0.94%
CTRA	B	0.93%
HPE	B	0.92%
F	C	0.92%
AIG	C	0.91%
HAL	C	0.91%
VLO	C	0.91%
CMCSA	B	0.91%
DVN	F	0.88%
PSX	C	0.87%
COF	B	0.86%
OXY	F	0.86%
KMI	A	0.85%
MPC	D	0.85%
NUE	D	0.85%
HBAN	B	0.84%
EG	D	0.82%
EQT	A	0.82%
LNG	A	0.82%
CFG	B	0.8%
BG	D	0.8%
PHM	D	0.79%
LEN	D	0.79%
OC	A	0.78%
ETR	A	0.78%
CVS	F	0.77%
ADM	D	0.77%
LYB	F	0.76%
SRE	A	0.76%
VTRS	A	0.76%
C	B	0.76%
INTC	C	0.75%
FDX	B	0.75%
CRBG	B	0.74%
L	A	0.74%
FANG	D	0.74%
SLB	C	0.73%
ATO	A	0.73%
CTSH	C	0.73%
CNP	A	0.72%
AEE	A	0.72%
KR	B	0.72%
ZBH	C	0.71%
ALLY	C	0.71%
CB	C	0.7%
CF	A	0.7%
HIG	B	0.69%
APTV	F	0.66%
EXC	C	0.66%
ON	F	0.65%
MS	A	0.65%
DG	F	0.64%
ED	C	0.64%
SNA	B	0.63%
CHTR	B	0.62%
BKR	B	0.61%
MTB	A	0.61%
SWKS	F	0.6%
IP	A	0.6%
DHI	D	0.6%
RF	A	0.58%
FITB	B	0.57%
TDY	B	0.56%
LUV	B	0.56%
TRV	A	0.56%
USB	B	0.56%
STT	B	0.55%
CNC	F	0.55%
NI	A	0.53%
DGX	A	0.52%
PPL	A	0.51%
TXT	D	0.5%
LNT	A	0.5%
AFL	C	0.5%
EQR	C	0.5%
ULTA	F	0.5%
EBAY	D	0.49%
HRL	D	0.49%
SYY	D	0.49%
DTE	C	0.48%
CE	F	0.48%
BLDR	D	0.48%
DE	C	0.48%
AEP	C	0.47%
STX	D	0.46%
RJF	A	0.46%
KHC	F	0.46%
AKAM	F	0.45%
BBY	D	0.45%
BIIB	F	0.44%
OKE	A	0.42%
ZM	B	0.42%
DOW	F	0.42%
DIS	B	0.4%
KEY	B	0.4%
PNC	B	0.39%
JBHT	C	0.38%
TSN	B	0.38%
CSCO	B	0.38%
NWSA	B	0.38%
PKG	B	0.38%
RGA	B	0.37%
KIM	A	0.37%
HPQ	B	0.36%
DRI	C	0.36%
CSX	C	0.36%
PRU	B	0.36%
SSNC	C	0.35%
CMS	C	0.34%
NVR	D	0.33%
DOC	D	0.33%
CARR	D	0.33%
PPG	F	0.33%
HSY	F	0.33%
JNJ	D	0.33%
EIX	C	0.33%
ARE	F	0.32%
FE	C	0.32%
GPC	F	0.31%
MOH	F	0.31%
KDP	D	0.31%
HUM	D	0.31%
WLK	F	0.3%
PYPL	B	0.19%
CMI	A	0.19%
ODFL	B	0.19%
ACN	C	0.18%
LHX	B	0.18%
WRB	B	0.18%
APD	A	0.18%
LH	B	0.18%
IEX	B	0.18%
J	D	0.18%
KEYS	C	0.17%
GD	D	0.17%
UPS	C	0.17%
NDSN	D	0.17%
CTVA	C	0.17%
MAA	A	0.17%
PFG	C	0.17%
OMC	C	0.17%
CLX	A	0.17%
SBUX	A	0.17%
CPB	D	0.16%
WY	D	0.16%
EXPD	D	0.16%
DD	D	0.16%
CI	D	0.16%
MAS	D	0.16%
HOLX	D	0.16%
FTV	D	0.16%
NKE	F	0.15%
AWK	C	0.15%
CAG	F	0.14%

FTA Underweight 142 Positions Relative to FTHI

Symbol	Grade	Weight
NVDA	A	-6.64%
MSFT	D	-6.49%
AAPL	C	-5.59%
AMZN	B	-3.89%
META	C	-2.61%
GOOGL	B	-2.23%
GOOG	B	-1.88%
AVGO	C	-1.77%
BRK.A	B	-1.7%
BXMT	C	-1.62%
SLG	B	-1.53%
JPM	A	-1.37%
TSLA	A	-1.29%
LLY	F	-1.25%
JXN	C	-1.22%
UNH	C	-1.1%
V	A	-1.0%
CRNX	C	-0.99%
UL	D	-0.97%
CCEP	D	-0.96%
VST	A	-0.95%
MA	B	-0.87%
MO	A	-0.86%
LADR	B	-0.86%
COST	A	-0.82%
PG	C	-0.77%
CALM	A	-0.75%
ABBV	F	-0.74%
BRBR	A	-0.73%
WMT	A	-0.68%
NFLX	A	-0.68%
INGR	B	-0.64%
PTVE	B	-0.62%
CRM	B	-0.61%
IDA	A	-0.56%
CCI	C	-0.55%
MRK	F	-0.53%
ALSN	B	-0.53%
ORCL	A	-0.52%
NVS	D	-0.51%
GILD	C	-0.5%
AMD	F	-0.5%
EXP	B	-0.49%
CVLT	B	-0.48%
KO	D	-0.48%
SLM	B	-0.47%
MEDP	D	-0.46%
DELL	B	-0.46%
BMY	A	-0.45%
SFM	A	-0.45%
ADBE	D	-0.44%
HLI	B	-0.44%
INSM	C	-0.44%
IDCC	B	-0.44%
DTM	A	-0.44%
PPC	B	-0.43%
CAT	C	-0.43%
EWBC	A	-0.42%
LIN	D	-0.42%
MMC	D	-0.42%
UMBF	B	-0.42%
TMO	F	-0.41%
INTU	B	-0.41%
ITW	B	-0.41%
ARES	A	-0.41%
NOW	B	-0.41%
SCCO	F	-0.4%
DECK	A	-0.4%
USFD	A	-0.39%
EHC	B	-0.39%
STNG	D	-0.39%
TXN	C	-0.38%
SLVM	C	-0.38%
AM	A	-0.38%
LANC	D	-0.38%
IBM	C	-0.37%
CME	A	-0.37%
BKNG	A	-0.36%
ISRG	A	-0.36%
BAH	D	-0.35%
GE	D	-0.35%
PM	A	-0.35%
QCOM	F	-0.35%
ADP	B	-0.34%
HESM	A	-0.34%
FTI	A	-0.34%
KRC	C	-0.33%
GS	B	-0.33%
KNSL	B	-0.33%
WSO	A	-0.33%
DHR	D	-0.33%
AMAT	F	-0.33%
AMGN	D	-0.33%
RTX	D	-0.33%
SBRA	B	-0.32%
SPGI	D	-0.32%
TJX	A	-0.31%
IIPR	F	-0.3%
MATX	B	-0.3%
PSA	C	-0.3%
AMT	D	-0.3%
VEEV	C	-0.3%
UNP	D	-0.3%
HON	B	-0.29%
MGEE	A	-0.29%
TMUS	B	-0.29%
LOPE	B	-0.29%
GAP	D	-0.28%
BKU	A	-0.28%
NVO	F	-0.27%
GGG	B	-0.27%
REYN	D	-0.27%
DHT	D	-0.27%
PFE	F	-0.27%
ATR	B	-0.25%
SBLK	F	-0.24%
O	C	-0.24%
CNA	C	-0.23%
NEE	C	-0.23%
PFGC	B	-0.22%
OTTR	C	-0.22%
AMH	C	-0.22%
EQIX	A	-0.21%
PAYX	B	-0.21%
SO	C	-0.2%
CL	D	-0.2%
FLO	D	-0.2%
CVBF	B	-0.19%
NEU	D	-0.18%
MUSA	B	-0.18%
OGN	F	-0.17%
GEV	A	-0.17%
MSI	B	-0.16%
KAR	A	-0.15%
EXR	C	-0.14%
SFNC	B	-0.14%
BX	A	-0.13%
NHI	D	-0.12%
BDX	F	-0.07%
AJG	B	-0.05%
SPG	A	-0.05%
SYK	A	-0.05%