FXL vs. IPO ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Renaissance IPO ETF (IPO)

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology 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 NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector 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

$138.07

Average Daily Volume

23,182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.94

Average Daily Volume

23,500

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	IPO
30 Days	4.27%	2.94%
60 Days	5.69%	4.73%
90 Days	3.46%	1.99%
12 Months	22.63%	26.42%

5 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in IPO	Overlap
GFS	C	1.69%	2.47%	1.69%
GTLB	C	0.59%	2.9%	0.59%
HCP	A	0.41%	1.6%	0.41%
INFA	B	1.23%	0.98%	0.98%
S	C	0.62%	2.36%	0.62%

FXL Overweight 89 Positions Relative to IPO

Symbol	Grade	Weight
NVDA	B	2.39%
PSTG	B	2.18%
CRWD	B	2.1%
APP	B	2.09%
HPE	C	2.07%
META	A	1.86%
VRT	C	1.85%
TOST	B	1.8%
AVT	D	1.79%
NTAP	A	1.71%
SWKS	C	1.7%
AVGO	B	1.67%
GDDY	A	1.65%
CNXC	C	1.65%
ARW	D	1.62%
ON	C	1.61%
CTSH	C	1.61%
IPGP	D	1.6%
NTNX	C	1.59%
AMAT	B	1.57%
IAC	F	1.53%
PLTR	A	1.53%
CRUS	A	1.43%
SNX	D	1.42%
NOW	A	1.41%
DASH	C	1.4%
MANH	B	1.4%
ENTG	B	1.33%
PEGA	D	1.29%
DNB	F	1.26%
SAIC	D	1.25%
DXC	C	1.24%
KLAC	B	1.22%
DOX	D	1.21%
CACI	B	1.2%
HPQ	C	1.2%
NET	B	1.18%
ORCL	A	1.17%
CRM	C	1.17%
LRCX	B	1.13%
MSFT	A	1.12%
DDOG	B	1.09%
SNPS	B	1.09%
PCOR	C	1.09%
MCHP	C	1.04%
CDNS	B	1.03%
SSNC	B	1.01%
PTC	B	1.0%
HUBS	C	0.98%
IT	B	0.97%
FFIV	C	0.94%
OKTA	C	0.92%
AMD	B	0.92%
GOOGL	A	0.86%
AKAM	F	0.86%
GLW	B	0.82%
APH	B	0.81%
ADI	B	0.8%
QCOM	B	0.8%
TXN	B	0.77%
INTU	A	0.7%
KBR	D	0.7%
CFLT	C	0.68%
DBX	D	0.64%
ZM	F	0.62%
CDW	D	0.61%
NCNO	B	0.58%
MTCH	F	0.58%
RNG	F	0.56%
JBL	F	0.56%
INTC	C	0.48%
TER	A	0.43%
PINS	B	0.42%
OLED	A	0.41%
MPWR	B	0.4%
PANW	B	0.4%
ESTC	B	0.38%
ROP	B	0.33%
ZS	B	0.32%
ADSK	B	0.31%
VRSN	C	0.31%
DLB	D	0.31%
IBM	B	0.3%
FTNT	C	0.29%
DOCU	C	0.29%
WDAY	D	0.27%
MDB	D	0.23%
DV	D	0.18%
PATH	D	0.18%

FXL Underweight 23 Positions Relative to IPO

Symbol	Grade	Weight
NU	B	-10.57%
KVUE	F	-9.8%
ARM	A	-9.05%
HOOD	B	-7.44%
RIVN	C	-5.9%
ONON	C	-4.79%
CNM	D	-4.03%
DUOL	F	-3.79%
CRBG	C	-3.69%
RYAN	B	-2.96%
BROS	B	-1.91%
TPG	D	-1.74%
FRSH	D	-1.27%
NUVL	C	-1.21%
BRZE	D	-0.98%
RDDT	B	-0.8%
BIRK	B	-0.68%
PWSC	B	-0.66%
FLNC	F	-0.57%
ACT	C	-0.44%
RBRK	C	-0.35%
BLCO	F	-0.3%
INST	B	-0.26%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Systems Conglomerates Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction Internet Content & Information Media - Diversified