FTA vs. QLV ETF Comparison

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

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

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FTA	QLV
30 Days	4.88%	0.23%
60 Days	5.23%	1.42%
90 Days	6.80%	3.24%
12 Months	26.69%	25.29%

28 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in QLV	Overlap
AEE	A	0.72%	0.56%	0.56%
AEP	D	0.47%	0.52%	0.47%
CAG	D	0.14%	0.13%	0.13%
CB	C	0.7%	0.72%	0.7%
CINF	A	0.96%	0.59%	0.59%
CMS	C	0.34%	0.53%	0.34%
CTRA	B	0.93%	0.53%	0.53%
CTVA	C	0.17%	0.57%	0.17%
DUK	C	0.49%	0.87%	0.49%
ED	D	0.64%	0.77%	0.64%
EXPD	D	0.16%	0.03%	0.03%
GD	F	0.17%	0.61%	0.17%
GIS	D	0.31%	0.72%	0.31%
HRL	D	0.49%	0.4%	0.4%
HSY	F	0.33%	0.46%	0.33%
JNJ	D	0.33%	1.68%	0.33%
L	A	0.74%	0.11%	0.11%
LMT	D	0.16%	1.07%	0.16%
PEP	F	0.17%	1.52%	0.17%
PKG	A	0.38%	0.61%	0.38%
T	A	0.89%	1.46%	0.89%
TRV	B	0.56%	0.66%	0.56%
VZ	C	0.64%	1.58%	0.64%
WEC	A	0.35%	0.83%	0.35%
WRB	A	0.18%	0.53%	0.18%
XEL	A	0.74%	0.62%	0.62%
XOM	B	0.9%	1.15%	0.9%
ZM	B	0.42%	0.7%	0.42%

FTA Overweight 158 Positions Relative to QLV

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%
STLD	B	0.96%
CVX	A	0.96%
RS	B	0.94%
COP	C	0.94%
HPE	B	0.92%
F	C	0.92%
AIG	B	0.91%
HAL	C	0.91%
VLO	C	0.91%
CMCSA	B	0.91%
WFC	A	0.9%
DVN	F	0.88%
PSX	C	0.87%
TOL	B	0.87%
COF	B	0.86%
OXY	D	0.86%
KMI	A	0.85%
MPC	D	0.85%
NUE	C	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%
OC	A	0.78%
ETR	B	0.78%
CVS	D	0.77%
ADM	D	0.77%
LYB	F	0.76%
SRE	A	0.76%
VTRS	A	0.76%
C	A	0.76%
INTC	D	0.75%
FDX	B	0.75%
CRBG	B	0.74%
FANG	D	0.74%
SLB	C	0.73%
ATO	A	0.73%
CTSH	B	0.73%
CNP	B	0.72%
KR	B	0.72%
ZBH	C	0.71%
ALLY	C	0.71%
CF	B	0.7%
HIG	B	0.69%
APTV	D	0.66%
EXC	C	0.66%
ON	D	0.65%
MS	A	0.65%
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%
USB	A	0.56%
STT	A	0.55%
CNC	D	0.55%
NI	A	0.53%
DGX	A	0.52%
PPL	B	0.51%
TXT	D	0.5%
D	C	0.5%
LNT	A	0.5%
AFL	B	0.5%
EQR	B	0.5%
ULTA	F	0.5%
TGT	F	0.5%
EBAY	D	0.49%
SYY	B	0.49%
DTE	C	0.48%
CE	F	0.48%
BLDR	D	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%
OKE	A	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%
RGA	A	0.37%
KIM	A	0.37%
HPQ	B	0.36%
DRI	B	0.36%
CSX	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%
EIX	B	0.33%
ARE	D	0.32%
FE	C	0.32%
GPC	D	0.31%
MOH	F	0.31%
KDP	D	0.31%
HUM	C	0.31%
WLK	D	0.3%
ELV	F	0.27%
PYPL	B	0.19%
CMI	A	0.19%
ODFL	B	0.19%
ACN	C	0.18%
LHX	C	0.18%
APD	A	0.18%
LH	C	0.18%
IEX	B	0.18%
J	F	0.18%
KEYS	A	0.17%
UPS	C	0.17%
NDSN	B	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%
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%
AWK	D	0.15%

FTA Underweight 86 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.86%
NVDA	C	-5.54%
AAPL	C	-5.13%
PG	A	-3.17%
AMZN	C	-2.5%
LLY	F	-2.4%
MRK	F	-2.29%
V	A	-2.25%
MCD	D	-1.97%
IBM	C	-1.77%
META	D	-1.27%
TMUS	B	-1.14%
GILD	C	-1.11%
ABBV	D	-0.97%
ABT	B	-0.92%
ADP	B	-0.92%
CME	A	-0.91%
QLYS	C	-0.89%
ATR	B	-0.89%
WTW	B	-0.87%
GOOGL	C	-0.87%
TXN	C	-0.86%
PSA	D	-0.84%
AIZ	A	-0.84%
WDFC	B	-0.81%
TYL	B	-0.81%
K	A	-0.77%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
AMGN	D	-0.73%
CHKP	D	-0.72%
WM	A	-0.68%
SO	D	-0.68%
QGEN	D	-0.67%
DTM	B	-0.65%
DLR	B	-0.65%
AVY	D	-0.64%
GOOG	C	-0.62%
CALM	A	-0.62%
EQIX	A	-0.62%
ALL	A	-0.62%
SMMT	D	-0.61%
NOC	D	-0.6%
BRK.A	B	-0.59%
RSG	A	-0.58%
WCN	A	-0.57%
AZO	C	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
JKHY	D	-0.53%
SCI	B	-0.53%
ADC	B	-0.52%
PNW	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
TTEK	F	-0.46%
NBIX	C	-0.43%
AVGO	D	-0.4%
VRSK	A	-0.39%
BMRN	D	-0.37%
NFG	A	-0.37%
HII	D	-0.36%
MCK	B	-0.35%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
EA	A	-0.23%
PM	B	-0.21%
JPM	A	-0.21%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
ROP	B	-0.14%
NCNO	B	-0.13%
CWAN	B	-0.09%
UNH	C	-0.07%
MMC	B	-0.05%