FTA vs. QLC ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$83.49

Average Daily Volume

40,498

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.73

Average Daily Volume

44,621

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	FTA	QLC
30 Days	6.28%	3.50%
60 Days	6.56%	4.39%
90 Days	7.73%	6.75%
12 Months	27.44%	34.97%

60 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in QLC	Overlap
ACN	B	0.18%	0.68%	0.18%
ADM	F	0.77%	0.02%	0.02%
AFL	B	0.5%	0.62%	0.5%
AIG	B	0.91%	0.52%	0.52%
ALLY	C	0.71%	0.33%	0.33%
BAC	A	0.59%	1.5%	0.59%
BBY	D	0.45%	0.19%	0.19%
C	A	0.76%	1.25%	0.76%
CE	F	0.48%	0.07%	0.07%
CI	D	0.16%	0.76%	0.16%
CMCSA	C	0.91%	0.78%	0.78%
CMI	A	0.19%	0.31%	0.19%
CNC	F	0.55%	0.29%	0.29%
COF	B	0.86%	0.72%	0.72%
CRBG	B	0.74%	0.09%	0.09%
CSCO	A	0.38%	1.25%	0.38%
CTSH	B	0.73%	0.34%	0.34%
EBAY	C	0.49%	0.47%	0.47%
ED	D	0.64%	0.51%	0.51%
EIX	A	0.33%	0.21%	0.21%
ELV	F	0.27%	0.12%	0.12%
EQR	B	0.5%	0.44%	0.44%
ETR	B	0.78%	0.66%	0.66%
EXC	D	0.66%	0.38%	0.38%
EXPD	C	0.16%	0.38%	0.16%
FITB	B	0.57%	0.27%	0.27%
GIS	D	0.31%	0.34%	0.31%
HD	A	0.17%	0.66%	0.17%
HOLX	D	0.16%	0.2%	0.16%
JNJ	D	0.33%	1.48%	0.33%
KR	A	0.72%	0.46%	0.46%
LEN	C	0.79%	0.09%	0.09%
LH	B	0.18%	0.33%	0.18%
LMT	D	0.16%	0.58%	0.16%
LOW	C	0.17%	0.45%	0.17%
LYB	F	0.76%	0.11%	0.11%
MAA	B	0.17%	0.02%	0.02%
MAS	C	0.16%	0.24%	0.16%
MPC	F	0.85%	0.54%	0.54%
MS	B	0.65%	0.69%	0.65%
NUE	D	0.85%	0.39%	0.39%
NVR	D	0.33%	0.54%	0.33%
OMC	C	0.17%	0.39%	0.17%
OXY	F	0.86%	0.21%	0.21%
PCAR	B	1.02%	0.3%	0.3%
PHM	C	0.79%	0.23%	0.23%
PPL	B	0.51%	0.56%	0.51%
PRU	A	0.36%	0.28%	0.28%
PSX	C	0.87%	0.19%	0.19%
STLD	B	0.96%	0.47%	0.47%
STT	A	0.55%	0.44%	0.44%
SYF	A	1.14%	0.56%	0.56%
T	A	0.89%	0.78%	0.78%
TGT	F	0.5%	0.06%	0.06%
TXT	D	0.5%	0.02%	0.02%
UPS	C	0.17%	0.37%	0.17%
VLO	C	0.91%	0.53%	0.53%
WFC	A	0.9%	0.45%	0.45%
WY	D	0.16%	0.43%	0.16%
ZM	B	0.42%	0.06%	0.06%

FTA Overweight 126 Positions Relative to QLC

Symbol	Grade	Weight
UAL	B	1.4%
GM	B	1.13%
DAL	B	1.12%
FOXA	C	0.98%
EOG	C	0.97%
TROW	A	0.97%
CVX	B	0.96%
CINF	A	0.96%
RS	B	0.94%
COP	D	0.94%
CTRA	B	0.93%
HPE	B	0.92%
F	C	0.92%
HAL	C	0.91%
XOM	C	0.9%
DVN	F	0.88%
TOL	A	0.87%
KMI	B	0.85%
HBAN	B	0.84%
EG	C	0.82%
EQT	B	0.82%
LNG	B	0.82%
CFG	B	0.8%
BG	F	0.8%
OC	B	0.78%
CVS	D	0.77%
SRE	A	0.76%
VTRS	B	0.76%
INTC	C	0.75%
FDX	B	0.75%
L	B	0.74%
XEL	A	0.74%
FANG	F	0.74%
SLB	C	0.73%
ATO	A	0.73%
CNP	A	0.72%
AEE	A	0.72%
ZBH	C	0.71%
CB	D	0.7%
CF	B	0.7%
HIG	B	0.69%
APTV	F	0.66%
ON	C	0.65%
VZ	B	0.64%
DG	F	0.64%
SNA	A	0.63%
CHTR	C	0.62%
BKR	C	0.61%
MTB	B	0.61%
SWKS	F	0.6%
IP	B	0.6%
DHI	D	0.6%
RF	B	0.58%
TDY	B	0.56%
LUV	B	0.56%
TRV	B	0.56%
USB	A	0.56%
NI	A	0.53%
DGX	B	0.52%
D	C	0.5%
LNT	A	0.5%
ULTA	F	0.5%
HRL	D	0.49%
DUK	C	0.49%
SYY	C	0.49%
DTE	C	0.48%
BLDR	C	0.48%
DE	B	0.48%
AEP	D	0.47%
STX	D	0.46%
RJF	A	0.46%
KHC	D	0.46%
AKAM	F	0.45%
BIIB	F	0.44%
OKE	C	0.42%
DOW	F	0.42%
DIS	B	0.4%
KEY	A	0.4%
PNC	A	0.39%
JBHT	C	0.38%
TSN	B	0.38%
NWSA	B	0.38%
PKG	B	0.38%
RGA	A	0.37%
KIM	A	0.37%
HPQ	B	0.36%
DRI	B	0.36%
CSX	B	0.36%
WEC	A	0.35%
SSNC	A	0.35%
CMS	C	0.34%
FNF	B	0.34%
DOC	C	0.33%
CARR	C	0.33%
PPG	D	0.33%
HSY	F	0.33%
ARE	D	0.32%
FE	D	0.32%
GPC	D	0.31%
MOH	F	0.31%
KDP	D	0.31%
HUM	C	0.31%
WLK	D	0.3%
PYPL	A	0.19%
ODFL	B	0.19%
LHX	C	0.18%
WRB	A	0.18%
APD	A	0.18%
IEX	B	0.18%
J	F	0.18%
KEYS	B	0.17%
GD	F	0.17%
PEP	F	0.17%
NDSN	B	0.17%
CTVA	B	0.17%
PFG	C	0.17%
CLX	C	0.17%
SBUX	B	0.17%
CPB	D	0.16%
DD	D	0.16%
MDT	D	0.16%
FTV	B	0.16%
NKE	F	0.15%
MDLZ	F	0.15%
AWK	D	0.15%
CAG	D	0.14%

FTA Underweight 104 Positions Relative to QLC

Symbol	Grade	Weight
AAPL	B	-7.51%
NVDA	C	-6.54%
MSFT	D	-4.69%
GOOGL	C	-2.85%
GOOG	C	-2.82%
BRK.A	B	-2.35%
META	D	-2.34%
AMZN	C	-2.34%
JPM	B	-2.1%
AVGO	D	-1.69%
PG	A	-1.27%
LLY	F	-1.14%
ORCL	C	-1.12%
INTU	C	-1.08%
GE	D	-0.96%
CAT	B	-0.95%
MRK	F	-0.88%
SO	D	-0.84%
ADBE	C	-0.82%
ITW	A	-0.77%
MCK	C	-0.77%
TSLA	B	-0.73%
LRCX	F	-0.72%
NFLX	B	-0.69%
BK	A	-0.68%
GS	B	-0.68%
FICO	B	-0.68%
QCOM	F	-0.66%
BKNG	B	-0.66%
AMAT	F	-0.66%
GWW	A	-0.64%
KLAC	F	-0.64%
SPG	C	-0.64%
CBRE	B	-0.63%
PEG	A	-0.61%
AZO	C	-0.56%
COR	C	-0.56%
AMGN	D	-0.55%
MET	A	-0.55%
AVB	B	-0.55%
LDOS	D	-0.54%
PM	B	-0.54%
APP	B	-0.53%
ESS	B	-0.53%
FTNT	C	-0.5%
PSA	C	-0.48%
NRG	C	-0.47%
ADI	D	-0.47%
CHKP	D	-0.46%
BMY	B	-0.44%
HST	C	-0.44%
KMB	C	-0.43%
RCL	B	-0.4%
DVA	B	-0.39%
MELI	C	-0.38%
RMD	C	-0.38%
CSL	B	-0.35%
FIS	D	-0.34%
DELL	C	-0.33%
CL	D	-0.33%
MTD	F	-0.31%
MO	A	-0.29%
TAP	C	-0.28%
EA	C	-0.28%
WAB	B	-0.28%
JBL	C	-0.27%
MMM	D	-0.25%
DASH	A	-0.24%
ABNB	C	-0.22%
MCHP	F	-0.22%
HOOD	B	-0.21%
CAH	B	-0.21%
HCA	F	-0.19%
ABBV	D	-0.19%
IT	C	-0.19%
IDXX	F	-0.18%
FI	A	-0.18%
DFS	B	-0.18%
NTAP	C	-0.17%
PAYX	B	-0.16%
GILD	B	-0.15%
ICLR	F	-0.14%
THC	D	-0.14%
UTHR	C	-0.13%
ABT	B	-0.13%
WSM	B	-0.13%
EME	B	-0.12%
MANH	C	-0.11%
AOS	D	-0.08%
FLEX	B	-0.07%
GEHC	F	-0.07%
REGN	F	-0.06%
SYK	C	-0.05%
ADP	B	-0.05%
EXPE	B	-0.05%
CRM	B	-0.04%
DHR	D	-0.04%
EVRG	A	-0.03%
JLL	B	-0.03%
ROP	B	-0.03%
MEDP	F	-0.02%
SMCI	D	-0.02%
LAMR	C	-0.02%
EMR	A	-0.02%