IVAL vs. FJP ETF Comparison

Comparison of ValueShares International Quantitative Value ETF (IVAL) to First Trust Japan AlphaDEX Fund (FJP)

IVAL

ValueShares International Quantitative Value ETF

IVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily - generally greater than 80%, but at least 65% of its net assets, plus any borrowings for investment purposes - in equity securities of international companies that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest primarily in the exchange-listed common stock of international companies and depositary receipts. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.72

Average Daily Volume

12,929

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FJP

First Trust Japan AlphaDEX Fund

FJP 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 Japan Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in 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 Japan BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.82

Average Daily Volume

12,063

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVAL	FJP
30 Days	3.14%	4.02%
60 Days	14.10%	16.07%
90 Days	2.36%	4.54%
12 Months	17.83%	17.96%

1 Overlapping Holdings

	Symbol	Grade	Weight in IVAL	Weight in FJP	Overlap
	HMC	D	1.96%	1.63%	1.63%

IVAL Overweight 2 Positions Relative to FJP

	Symbol	Grade	Weight
	TM	D	1.93%
	HAFN	B	1.92%

IVAL Underweight 5 Positions Relative to FJP

Symbol	Grade	Weight
MFG	B	-1.45%
SMFG	D	-1.43%
NMR	F	-1.21%
MUFG	D	-1.16%
AGCO	D	-0.31%

IVAL: Top Represented Industries & Keywords

Industries: Auto Manufacturers Marine Shipping

Keywords: Automotive Industry Cars Passenger Car Transport Auto Parts Cogeneration Crystalline Silicon E Commerce Marketplace Lawn Mower Mower Power Products Retail Dealers Retail Lending Solar Cells Sprayer Thin Film Transportation Service Vegetable Oil