FTA vs. IFRA ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to iShares U.S. Infrastructure ETF (IFRA)

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

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.22

Average Daily Volume

310,420

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	FTA	IFRA
30 Days	4.88%	8.33%
60 Days	5.23%	9.82%
90 Days	6.80%	13.63%
12 Months	26.69%	39.72%

31 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in IFRA	Overlap
AEE	A	0.72%	0.72%	0.72%
AEP	D	0.47%	0.61%	0.47%
ATO	A	0.73%	0.73%	0.73%
AWK	D	0.15%	0.61%	0.15%
BLDR	D	0.48%	0.5%	0.48%
CMS	C	0.34%	0.64%	0.34%
CNP	B	0.72%	0.74%	0.72%
CSX	B	0.36%	0.67%	0.36%
D	C	0.5%	0.65%	0.5%
DTE	C	0.48%	0.64%	0.48%
DUK	C	0.49%	0.62%	0.49%
ED	D	0.64%	0.61%	0.61%
EIX	B	0.33%	0.64%	0.33%
ETR	B	0.78%	0.79%	0.78%
EXC	C	0.66%	0.65%	0.65%
FE	C	0.32%	0.6%	0.32%
J	F	0.18%	0.46%	0.18%
KMI	A	0.85%	0.86%	0.85%
LNT	A	0.5%	0.68%	0.5%
LYB	F	0.76%	0.42%	0.42%
NI	A	0.53%	0.72%	0.53%
NUE	C	0.85%	0.52%	0.52%
OC	A	0.78%	0.6%	0.6%
OKE	A	0.42%	0.81%	0.42%
PPL	B	0.51%	0.69%	0.51%
RS	B	0.94%	0.56%	0.56%
SRE	A	0.76%	0.73%	0.73%
STLD	B	0.96%	0.62%	0.62%
WEC	A	0.35%	0.68%	0.35%
WLK	D	0.3%	0.46%	0.3%
XEL	A	0.74%	0.72%	0.72%

FTA Overweight 155 Positions Relative to IFRA

Symbol	Grade	Weight
UAL	A	1.4%
SYF	B	1.14%
GM	B	1.13%
DAL	C	1.12%
PCAR	B	1.02%
FOXA	B	0.98%
EOG	A	0.97%
TROW	B	0.97%
CVX	A	0.96%
CINF	A	0.96%
COP	C	0.94%
CTRA	B	0.93%
HPE	B	0.92%
F	C	0.92%
AIG	B	0.91%
HAL	C	0.91%
VLO	C	0.91%
CMCSA	B	0.91%
XOM	B	0.9%
WFC	A	0.9%
T	A	0.89%
DVN	F	0.88%
PSX	C	0.87%
TOL	B	0.87%
COF	B	0.86%
OXY	D	0.86%
MPC	D	0.85%
HBAN	A	0.84%
EG	C	0.82%
EQT	B	0.82%
LNG	B	0.82%
CFG	B	0.8%
BG	F	0.8%
PHM	D	0.79%
LEN	D	0.79%
CVS	D	0.77%
ADM	D	0.77%
VTRS	A	0.76%
C	A	0.76%
INTC	D	0.75%
FDX	B	0.75%
CRBG	B	0.74%
L	A	0.74%
FANG	D	0.74%
SLB	C	0.73%
CTSH	B	0.73%
KR	B	0.72%
ZBH	C	0.71%
ALLY	C	0.71%
CB	C	0.7%
CF	B	0.7%
HIG	B	0.69%
APTV	D	0.66%
ON	D	0.65%
MS	A	0.65%
VZ	C	0.64%
DG	F	0.64%
SNA	A	0.63%
CHTR	C	0.62%
BKR	B	0.61%
MTB	A	0.61%
SWKS	F	0.6%
IP	B	0.6%
DHI	D	0.6%
BAC	A	0.59%
RF	A	0.58%
FITB	A	0.57%
TDY	B	0.56%
LUV	C	0.56%
TRV	B	0.56%
USB	A	0.56%
STT	A	0.55%
CNC	D	0.55%
DGX	A	0.52%
TXT	D	0.5%
AFL	B	0.5%
EQR	B	0.5%
ULTA	F	0.5%
TGT	F	0.5%
EBAY	D	0.49%
HRL	D	0.49%
SYY	B	0.49%
CE	F	0.48%
DE	A	0.48%
STX	D	0.46%
RJF	A	0.46%
KHC	F	0.46%
AKAM	D	0.45%
BBY	D	0.45%
BIIB	F	0.44%
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	A	0.38%
RGA	A	0.37%
KIM	A	0.37%
HPQ	B	0.36%
DRI	B	0.36%
PRU	A	0.36%
SSNC	B	0.35%
FNF	B	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%
ARE	D	0.32%
GIS	D	0.31%
GPC	D	0.31%
MOH	F	0.31%
KDP	D	0.31%
HUM	C	0.31%
ELV	F	0.27%
PYPL	B	0.19%
CMI	A	0.19%
ODFL	B	0.19%
ACN	C	0.18%
LHX	C	0.18%
WRB	A	0.18%
APD	A	0.18%
LH	C	0.18%
IEX	B	0.18%
KEYS	A	0.17%
GD	F	0.17%
PEP	F	0.17%
UPS	C	0.17%
NDSN	B	0.17%
CTVA	C	0.17%
MAA	B	0.17%
LOW	D	0.17%
HD	A	0.17%
PFG	D	0.17%
OMC	C	0.17%
CLX	B	0.17%
SBUX	A	0.17%
CPB	D	0.16%
WY	D	0.16%
EXPD	D	0.16%
LMT	D	0.16%
DD	D	0.16%
CI	F	0.16%
MAS	D	0.16%
HOLX	D	0.16%
MDT	D	0.16%
FTV	C	0.16%
NKE	D	0.15%
MDLZ	F	0.15%
CAG	D	0.14%

FTA Underweight 118 Positions Relative to IFRA

Symbol	Grade	Weight
VST	B	-1.43%
USLM	A	-0.94%
CEG	D	-0.92%
DTM	B	-0.91%
KNTK	B	-0.89%
CENX	B	-0.89%
STRL	B	-0.87%
WMB	A	-0.85%
CMP	C	-0.84%
PRIM	A	-0.82%
AGX	B	-0.82%
ROAD	A	-0.81%
MYRG	B	-0.8%
NRG	B	-0.8%
LMB	A	-0.78%
FIX	A	-0.77%
MGEE	C	-0.76%
TXNM	A	-0.75%
IDA	A	-0.73%
PEG	A	-0.73%
ENLC	A	-0.71%
OGS	A	-0.71%
EME	C	-0.71%
NWN	A	-0.7%
CPK	A	-0.7%
MTZ	B	-0.7%
AM	A	-0.7%
OGE	B	-0.7%
GBX	A	-0.69%
PNW	B	-0.68%
MTRX	B	-0.68%
SUM	B	-0.68%
SR	A	-0.68%
EVRG	A	-0.68%
MLI	C	-0.67%
MSEX	B	-0.67%
NSC	B	-0.67%
PCG	A	-0.67%
BKH	A	-0.67%
GLDD	B	-0.66%
NGVT	B	-0.66%
PWR	A	-0.66%
AWR	B	-0.66%
GVA	A	-0.66%
NWE	B	-0.66%
KNF	A	-0.65%
NWPX	A	-0.65%
AGR	B	-0.65%
RYI	C	-0.65%
CRS	A	-0.65%
UTL	B	-0.65%
TPC	C	-0.64%
WTRG	B	-0.64%
ALE	A	-0.64%
AVA	A	-0.64%
HEES	B	-0.63%
LXFR	C	-0.63%
POR	C	-0.63%
APOG	B	-0.63%
SO	D	-0.63%
BXC	B	-0.63%
X	C	-0.62%
AWI	A	-0.62%
UNP	C	-0.61%
VMI	B	-0.61%
HE	C	-0.61%
NEE	D	-0.61%
EXP	A	-0.61%
SJW	D	-0.6%
CWT	D	-0.6%
ECVT	C	-0.59%
ES	D	-0.59%
ARTNA	D	-0.59%
URI	B	-0.59%
YORW	D	-0.59%
LXU	B	-0.59%
LPX	B	-0.59%
FLR	B	-0.59%
AZEK	A	-0.58%
VMC	B	-0.58%
CMC	B	-0.58%
ASTE	B	-0.58%
KALU	C	-0.57%
ACM	A	-0.57%
TRN	C	-0.57%
MLM	B	-0.56%
TREX	C	-0.55%
ASIX	A	-0.55%
BWMN	C	-0.55%
OSK	B	-0.54%
APG	B	-0.54%
BCC	B	-0.54%
SWX	B	-0.54%
NFE	D	-0.54%
CSL	C	-0.53%
HWKN	B	-0.53%
ZEUS	C	-0.52%
SSD	D	-0.51%
ROCK	C	-0.51%
TEX	D	-0.51%
AESI	B	-0.51%
XPEL	C	-0.51%
EMN	D	-0.51%
POOL	C	-0.51%
CLF	F	-0.5%
KOP	C	-0.49%
MTUS	C	-0.48%
ATI	D	-0.48%
BLD	D	-0.48%
OLN	D	-0.48%
NVEE	F	-0.47%
IIIN	C	-0.46%
WMS	D	-0.44%
WOR	F	-0.44%
MDU	D	-0.37%
MATV	D	-0.34%
NVRI	F	-0.33%
TTEK	F	-0.09%