FXU vs. CBLS ETF Comparison

Comparison of First Trust Utilities AlphaDEX Fund (FXU) to Changebridge Capital Long/Short Equity ETF (CBLS)

FXU

First Trust Utilities AlphaDEX Fund

FXU 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) Utilities 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 utilities 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

$38.67

Average Daily Volume

70,333

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.41

Average Daily Volume

3,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXU	CBLS
30 Days	7.04%	0.74%
60 Days	10.20%	3.06%
90 Days	18.19%	-2.01%
12 Months	43.30%	36.42%

4 Overlapping Holdings

Symbol	Grade	Weight in FXU	Weight in CBLS	Overlap
D	A	1.66%	2.36%	1.66%
ETR	A	4.36%	2.53%	2.53%
NEE	A	0.85%	2.46%	0.85%
SO	A	0.83%	2.38%	0.83%

FXU Overweight 35 Positions Relative to CBLS

Symbol	Grade	Weight
VST	A	4.87%
NRG	A	4.17%
EVRG	C	4.16%
EXC	A	4.15%
NFG	A	3.98%
CEG	B	3.65%
AGR	C	3.58%
AEE	A	3.46%
XEL	A	3.44%
ATO	A	3.36%
ED	A	3.31%
PNW	A	3.29%
OGE	A	3.25%
PCG	B	3.23%
CWEN	C	2.64%
NI	A	2.55%
AEP	C	2.48%
DUK	A	2.47%
DTE	A	2.45%
IDA	C	2.36%
SRE	A	2.34%
WTRG	D	2.19%
WEC	A	1.73%
EIX	A	1.72%
LNT	A	1.7%
PPL	A	1.69%
CMS	A	1.68%
FE	B	1.64%
CNP	B	1.34%
PEG	A	0.85%
AES	B	0.81%
AWK	B	0.8%
UGI	C	0.77%
CLH	C	0.75%
WM	B	0.69%

FXU Underweight 57 Positions Relative to CBLS

Symbol	Grade	Weight
STRL	B	-3.36%
LNG	A	-2.92%
SKY	B	-2.86%
CHK	D	-2.69%
SCI	C	-2.68%
BLBD	D	-2.64%
WTTR	C	-2.63%
NEM	C	-2.6%
IBN	C	-2.6%
OSW	C	-2.6%
BABA	A	-2.59%
ERJ	C	-2.59%
DELL	C	-2.58%
MMYT	D	-2.52%
BOWL	F	-2.49%
ICFI	C	-2.49%
TMDX	D	-2.43%
ASML	F	-2.42%
MGNI	D	-2.41%
ROL	B	-2.4%
AER	D	-2.33%
AVGO	C	-2.26%
NU	D	-2.24%
WMT	A	-2.24%
ECL	B	-2.21%
UNH	B	-2.19%
COST	C	-2.18%
AMZN	C	-2.16%
MSFT	D	-2.03%
HUMA	D	-1.97%
ORCL	B	-1.94%
AMD	D	-1.93%
TDG	A	-1.54%
RTX	A	-1.5%
GD	A	-1.47%
KLAC	B	-1.29%
AFRM	C	--0.3%
VSAT	F	--0.84%
IBM	B	--0.91%
TTC	D	--0.94%
TASK	F	--0.97%
VRNT	F	--1.0%
ROK	D	--1.01%
ENR	B	--1.01%
KMT	C	--1.08%
CTVA	A	--1.1%
CHH	B	--1.1%
PAYX	A	--1.12%
BC	D	--1.14%
FIVN	F	--1.15%
MIDD	D	--1.16%
DOOO	F	--1.29%
DFS	C	--1.29%
HOG	D	--1.35%
R	C	--1.63%
GIII	C	--1.63%
DE	A	--1.69%