FVD vs. FNK ETF Comparison

Comparison of First Trust VL Dividend (FVD) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$45.87

Average Daily Volume

511,262

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid 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 MidCap 400(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

$56.06

Average Daily Volume

8,466

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	FVD	FNK
30 Days	0.90%	2.60%
60 Days	2.56%	6.31%
90 Days	6.23%	6.64%
12 Months	22.32%	25.72%

25 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in FNK	Overlap
AIZ	A	0.49%	0.29%	0.29%
BKH	B	0.46%	0.57%	0.46%
EVRG	A	0.46%	0.58%	0.46%
G	B	0.48%	0.59%	0.48%
HII	D	0.36%	0.33%	0.33%
IDA	A	0.49%	0.31%	0.31%
INGR	B	0.52%	0.44%	0.44%
MMS	D	0.47%	0.28%	0.28%
MSM	B	0.5%	0.28%	0.28%
NFG	C	0.46%	0.59%	0.46%
NJR	A	0.46%	0.15%	0.15%
OGS	A	0.46%	0.43%	0.43%
OTTR	C	0.51%	0.61%	0.51%
PNW	B	0.47%	0.59%	0.47%
POR	D	0.45%	0.58%	0.45%
REYN	D	0.42%	0.27%	0.27%
RHI	B	0.54%	0.15%	0.15%
SEIC	A	0.51%	0.33%	0.33%
SJM	F	0.44%	0.42%	0.42%
SLGN	A	0.48%	0.3%	0.3%
SNX	C	0.47%	0.44%	0.44%
SON	D	0.45%	0.43%	0.43%
SR	C	0.45%	0.56%	0.45%
SWX	B	0.46%	0.44%	0.44%
WTRG	C	0.46%	0.3%	0.3%

FVD Overweight 175 Positions Relative to FNK

Symbol	Grade	Weight
GRMN	A	0.58%
LANC	C	0.54%
GATX	A	0.54%
PINC	A	0.54%
CBSH	A	0.53%
EMR	A	0.53%
GS	B	0.53%
IEX	B	0.52%
IOSP	B	0.52%
TXN	C	0.51%
SCL	C	0.51%
BAH	C	0.51%
PKG	B	0.51%
WERN	B	0.51%
DTM	B	0.51%
MO	A	0.51%
JPM	B	0.51%
MS	A	0.51%
CMCSA	B	0.51%
NSC	B	0.51%
JJSF	B	0.5%
ABBV	D	0.5%
UVV	B	0.5%
ETR	B	0.5%
NEU	C	0.5%
SNA	A	0.5%
LECO	C	0.5%
WTW	A	0.5%
HLI	B	0.5%
CSX	B	0.5%
PM	C	0.49%
JCI	A	0.49%
SXT	B	0.49%
MSEX	C	0.49%
BMY	B	0.49%
KR	A	0.49%
GILD	C	0.49%
TROW	B	0.49%
ITW	A	0.49%
CMI	A	0.49%
CAT	C	0.49%
WDFC	B	0.49%
FAST	A	0.49%
POOL	D	0.48%
CPK	A	0.48%
CTSH	A	0.48%
LHX	A	0.48%
UNP	C	0.48%
TM	F	0.48%
SRE	A	0.48%
GNTX	C	0.48%
BTI	C	0.48%
NDSN	B	0.48%
UNH	B	0.48%
NDAQ	A	0.48%
CVX	B	0.48%
XEL	A	0.48%
ADP	A	0.48%
WSO	A	0.48%
DGX	A	0.48%
PAYX	B	0.48%
NWN	B	0.47%
AWR	B	0.47%
EQIX	B	0.47%
CLX	A	0.47%
AMGN	F	0.47%
DLB	C	0.47%
BRC	A	0.47%
UPS	C	0.47%
SIGI	B	0.47%
CSCO	A	0.47%
DCI	A	0.47%
THG	A	0.47%
T	A	0.47%
BK	B	0.47%
WM	A	0.47%
MDT	D	0.46%
EXPD	D	0.46%
MMM	C	0.46%
JNPR	D	0.46%
PPL	A	0.46%
AEE	A	0.46%
CALM	B	0.46%
SBUX	B	0.46%
DE	D	0.46%
K	A	0.46%
AGR	C	0.46%
TD	D	0.46%
BDX	D	0.46%
ABT	C	0.46%
FLO	F	0.46%
TJX	B	0.46%
CNI	F	0.46%
GD	A	0.46%
ADI	F	0.46%
YUM	B	0.46%
BR	A	0.46%
MMC	C	0.46%
RIO	F	0.46%
NI	A	0.46%
XOM	B	0.46%
ALE	A	0.46%
DOX	C	0.46%
JNJ	D	0.45%
AOS	F	0.45%
CME	A	0.45%
TAK	D	0.45%
TGT	C	0.45%
PPG	F	0.45%
ATO	A	0.45%
HON	B	0.45%
CHRW	A	0.45%
TRV	B	0.45%
CPB	F	0.45%
CAG	F	0.45%
ALL	A	0.45%
PSA	C	0.45%
TSCO	C	0.45%
HRL	F	0.45%
CWT	D	0.45%
MKC	D	0.45%
CNA	C	0.45%
NWE	C	0.45%
BAX	F	0.45%
NOC	C	0.45%
LOW	B	0.44%
PFE	F	0.44%
EXC	C	0.44%
AWK	D	0.44%
ACN	C	0.44%
MRK	F	0.44%
AVY	F	0.44%
DUK	D	0.44%
PG	C	0.44%
DTE	D	0.44%
UL	D	0.44%
OTIS	C	0.44%
CMS	C	0.44%
SJW	F	0.44%
SNY	F	0.44%
HD	B	0.44%
TSM	C	0.44%
HSY	D	0.44%
EIX	C	0.44%
GIS	F	0.44%
STZ	D	0.44%
AEP	D	0.44%
AFL	C	0.44%
INFY	C	0.44%
WEC	B	0.44%
RTX	C	0.44%
NKE	F	0.43%
APD	B	0.43%
LNT	C	0.43%
PEG	C	0.43%
ED	D	0.43%
MCD	C	0.43%
CB	C	0.43%
GSK	F	0.43%
PEP	D	0.43%
KHC	F	0.43%
VZ	C	0.43%
MDLZ	F	0.43%
SO	D	0.43%
CL	F	0.42%
KMB	F	0.42%
HMC	F	0.42%
KO	F	0.42%
ES	D	0.42%
IBM	C	0.42%
NVS	F	0.42%
KDP	D	0.41%
LMT	C	0.41%
DEO	F	0.4%
AZN	F	0.38%

FVD Underweight 198 Positions Relative to FNK

Symbol	Grade	Weight
AMG	B	-0.83%
JXN	B	-0.82%
HP	C	-0.82%
AGO	B	-0.79%
CNX	B	-0.79%
MTDR	C	-0.79%
OSK	B	-0.78%
HCC	C	-0.77%
NOG	B	-0.77%
OVV	C	-0.77%
ATKR	D	-0.77%
SM	C	-0.76%
AL	B	-0.75%
CMC	B	-0.75%
PTEN	C	-0.74%
TEX	D	-0.74%
PVH	C	-0.74%
TMHC	C	-0.74%
FMC	F	-0.73%
RNR	D	-0.73%
APA	F	-0.72%
NOV	C	-0.72%
CHRD	F	-0.72%
CIVI	F	-0.72%
TAP	B	-0.72%
LBRDK	C	-0.71%
URBN	C	-0.71%
UGI	D	-0.71%
MTG	C	-0.7%
BWA	B	-0.7%
MUR	F	-0.7%
PBF	F	-0.69%
RDN	C	-0.69%
TPH	D	-0.68%
MTH	D	-0.68%
NFE	F	-0.67%
LEA	F	-0.67%
ASO	F	-0.66%
DINO	D	-0.66%
RUSHA	B	-0.66%
LBRT	F	-0.66%
MHO	D	-0.66%
LNC	B	-0.65%
AMR	C	-0.65%
MATX	A	-0.65%
UNM	A	-0.65%
DAR	B	-0.64%
LAD	B	-0.64%
HOG	F	-0.63%
BEN	C	-0.63%
CADE	B	-0.63%
CLF	D	-0.63%
SOLV	D	-0.63%
ESNT	D	-0.63%
OZK	B	-0.62%
CNO	B	-0.62%
MGY	B	-0.62%
GBDC	B	-0.61%
ADTN	B	-0.61%
MOS	D	-0.61%
AVT	C	-0.61%
KRC	C	-0.61%
R	A	-0.61%
CNXC	F	-0.61%
HST	C	-0.6%
HRI	B	-0.6%
JAZZ	B	-0.6%
DXC	B	-0.59%
RRC	B	-0.59%
M	D	-0.59%
BCC	B	-0.58%
COOP	B	-0.58%
DDS	C	-0.58%
GPI	A	-0.57%
SUM	C	-0.56%
AAP	D	-0.56%
BBWI	C	-0.55%
KBH	D	-0.55%
ARW	F	-0.55%
SIG	B	-0.54%
UHS	D	-0.54%
AMKR	F	-0.52%
WCC	B	-0.51%
ALK	A	-0.5%
ZION	B	-0.5%
FHN	A	-0.5%
NXST	C	-0.49%
COLB	B	-0.49%
WBS	A	-0.49%
OMF	A	-0.48%
BYD	A	-0.48%
JBL	C	-0.48%
FNB	A	-0.47%
BERY	C	-0.47%
VLY	B	-0.47%
SANM	B	-0.47%
GMS	B	-0.46%
GL	B	-0.45%
AXS	A	-0.45%
RIG	D	-0.45%
WHR	B	-0.44%
BC	C	-0.44%
OGE	B	-0.44%
ASH	F	-0.44%
OGN	F	-0.43%
POST	D	-0.43%
THO	B	-0.43%
ENS	D	-0.43%
ABG	B	-0.43%
LKQ	D	-0.42%
PAG	B	-0.42%
WU	F	-0.41%
EMN	D	-0.41%
AEO	F	-0.4%
AN	C	-0.4%
OLN	D	-0.39%
PII	F	-0.38%
BECN	B	-0.33%
FIVE	F	-0.33%
VNT	B	-0.33%
MLI	B	-0.33%
CMA	A	-0.32%
WTFC	B	-0.32%
BOKF	B	-0.31%
UBSI	B	-0.31%
PB	B	-0.31%
AGCO	F	-0.31%
CUZ	C	-0.31%
HWC	B	-0.31%
HGV	B	-0.31%
ORI	A	-0.3%
ASGN	C	-0.3%
KNX	B	-0.3%
TKR	F	-0.3%
ACA	B	-0.3%
CRC	B	-0.3%
ABCB	B	-0.3%
JWN	B	-0.3%
ALKS	B	-0.29%
SLM	B	-0.29%
COLM	B	-0.29%
PNM	B	-0.29%
CRL	C	-0.28%
UHAL	C	-0.28%
IPG	F	-0.28%
LPX	B	-0.28%
SKX	F	-0.28%
MIDD	C	-0.28%
UFPI	B	-0.28%
DIOD	F	-0.28%
KFY	B	-0.28%
WPC	F	-0.27%
AR	B	-0.27%
TNET	D	-0.26%
MDU	F	-0.25%
FLR	C	-0.17%
GXO	B	-0.17%
UMBF	B	-0.16%
SEM	B	-0.16%
PFGC	B	-0.16%
DNB	B	-0.16%
BJ	B	-0.16%
JEF	A	-0.16%
MAT	C	-0.16%
PNFP	B	-0.16%
WAL	B	-0.15%
SKY	B	-0.15%
HSIC	F	-0.15%
RYN	F	-0.15%
STWD	D	-0.15%
UCB	B	-0.15%
MUSA	B	-0.15%
PRGO	C	-0.15%
AUB	B	-0.15%
TPR	B	-0.15%
SSB	B	-0.15%
SEE	C	-0.15%
VOYA	B	-0.15%
IVZ	C	-0.15%
BPOP	C	-0.14%
IAC	F	-0.14%
AVNT	B	-0.14%
ALIT	B	-0.14%
FUL	F	-0.14%
FELE	A	-0.14%
MGM	D	-0.14%
WTS	B	-0.14%
FBIN	F	-0.14%
LSTR	B	-0.14%
TTC	F	-0.14%
CZR	F	-0.14%
LFUS	D	-0.14%
WD	D	-0.14%
AFG	A	-0.14%
EPAM	B	-0.14%
FAF	C	-0.14%
NSP	F	-0.13%
OPCH	F	-0.12%