TEQI vs. FTA ETF Comparison

Comparison of T. Rowe Price Equity Income ETF (TEQI) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$43.23

Average Daily Volume

26,680

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

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

Performance

Period	TEQI	FTA
30 Days	3.09%	4.88%
60 Days	4.07%	5.23%
90 Days	5.51%	6.80%
12 Months	27.01%	26.69%

56 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in FTA	Overlap
ACN	C	0.8%	0.18%	0.18%
AEE	A	1.04%	0.72%	0.72%
AIG	B	1.85%	0.91%	0.91%
ATO	A	0.1%	0.73%	0.1%
BAC	A	0.58%	0.59%	0.58%
BIIB	F	0.27%	0.44%	0.27%
BKR	B	0.31%	0.61%	0.31%
C	A	1.34%	0.76%	0.76%
CAG	D	0.87%	0.14%	0.14%
CB	C	2.08%	0.7%	0.7%
CF	B	1.72%	0.7%	0.7%
CI	F	1.13%	0.16%	0.16%
CMCSA	B	0.62%	0.91%	0.62%
CMI	A	0.63%	0.19%	0.19%
CNC	D	0.17%	0.55%	0.17%
COP	C	0.35%	0.94%	0.35%
CSCO	B	0.28%	0.38%	0.28%
CSX	B	0.46%	0.36%	0.36%
CVS	D	1.09%	0.77%	0.77%
CVX	A	0.18%	0.96%	0.18%
D	C	1.17%	0.5%	0.5%
DG	F	0.3%	0.64%	0.3%
DIS	B	1.03%	0.4%	0.4%
ELV	F	2.3%	0.27%	0.27%
EOG	A	0.58%	0.97%	0.58%
EQR	B	1.49%	0.5%	0.5%
EQT	B	0.61%	0.82%	0.61%
FITB	A	0.92%	0.57%	0.57%
GM	B	0.41%	1.13%	0.41%
HBAN	A	1.22%	0.84%	0.84%
HD	A	0.12%	0.17%	0.12%
HIG	B	1.43%	0.69%	0.69%
HUM	C	0.16%	0.31%	0.16%
INTC	D	0.34%	0.75%	0.34%
IP	B	1.47%	0.6%	0.6%
JNJ	D	1.17%	0.33%	0.33%
L	A	1.01%	0.74%	0.74%
LHX	C	1.81%	0.18%	0.18%
LUV	C	0.84%	0.56%	0.56%
MDLZ	F	0.1%	0.15%	0.1%
MDT	D	0.98%	0.16%	0.16%
MS	A	0.33%	0.65%	0.33%
NI	A	0.25%	0.53%	0.25%
NWSA	B	1.57%	0.38%	0.38%
SLB	C	0.18%	0.73%	0.18%
SRE	A	0.77%	0.76%	0.76%
T	A	0.14%	0.89%	0.14%
TSN	B	0.83%	0.38%	0.38%
UPS	C	1.03%	0.17%	0.17%
USB	A	0.99%	0.56%	0.56%
VTRS	A	0.7%	0.76%	0.7%
VZ	C	0.35%	0.64%	0.35%
WFC	A	2.02%	0.9%	0.9%
WY	D	1.54%	0.16%	0.16%
XOM	B	1.61%	0.9%	0.9%
ZBH	C	1.47%	0.71%	0.71%

TEQI Overweight 56 Positions Relative to FTA

Symbol	Grade	Weight
SO	D	2.29%
MET	A	2.06%
GE	D	2.05%
TTE	F	1.99%
QCOM	F	1.96%
PM	B	1.75%
BDX	F	1.72%
KVUE	A	1.68%
KMB	D	1.63%
SWK	D	1.62%
UNH	C	1.57%
SCHW	B	1.49%
MSFT	F	1.48%
JPM	A	1.41%
EQH	B	1.39%
WMT	A	1.23%
AMAT	F	1.13%
FI	A	1.13%
LVS	C	1.12%
TXN	C	0.97%
BA	F	0.92%
NEE	D	0.9%
AZN	D	0.88%
NXPI	D	0.87%
SNY	F	0.83%
RYN	D	0.76%
CL	D	0.75%
GEV	B	0.59%
BMY	B	0.59%
NSC	B	0.57%
WMB	A	0.56%
REXR	F	0.54%
PFE	D	0.48%
MAT	D	0.48%
MRO	B	0.4%
TMO	F	0.37%
TJX	A	0.34%
MRK	F	0.34%
MMM	D	0.34%
KSS	F	0.33%
HON	B	0.33%
SRCL	C	0.32%
GEHC	F	0.29%
APO	B	0.28%
ABBV	D	0.27%
HES	B	0.23%
CRM	B	0.22%
UNP	C	0.19%
PCG	A	0.16%
AMD	F	0.15%
ROK	B	0.15%
CAH	B	0.15%
BK	A	0.15%
NWS	B	0.08%
VNO	B	0.07%
GS	A	0.04%

TEQI Underweight 130 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
SYF	B	-1.14%
DAL	C	-1.12%
PCAR	B	-1.02%
FOXA	B	-0.98%
TROW	B	-0.97%
STLD	B	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
CTRA	B	-0.93%
HPE	B	-0.92%
F	C	-0.92%
HAL	C	-0.91%
VLO	C	-0.91%
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%
EG	C	-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%
ADM	D	-0.77%
LYB	F	-0.76%
FDX	B	-0.75%
CRBG	B	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
CTSH	B	-0.73%
CNP	B	-0.72%
KR	B	-0.72%
ALLY	C	-0.71%
APTV	D	-0.66%
EXC	C	-0.66%
ON	D	-0.65%
ED	D	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
MTB	A	-0.61%
SWKS	F	-0.6%
DHI	D	-0.6%
RF	A	-0.58%
TDY	B	-0.56%
TRV	B	-0.56%
STT	A	-0.55%
DGX	A	-0.52%
PPL	B	-0.51%
TXT	D	-0.5%
LNT	A	-0.5%
AFL	B	-0.5%
ULTA	F	-0.5%
TGT	F	-0.5%
EBAY	D	-0.49%
HRL	D	-0.49%
DUK	C	-0.49%
SYY	B	-0.49%
DTE	C	-0.48%
CE	F	-0.48%
BLDR	D	-0.48%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
RJF	A	-0.46%
KHC	F	-0.46%
AKAM	D	-0.45%
BBY	D	-0.45%
OKE	A	-0.42%
ZM	B	-0.42%
DOW	F	-0.42%
KEY	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
PKG	A	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
HPQ	B	-0.36%
DRI	B	-0.36%
PRU	A	-0.36%
WEC	A	-0.35%
SSNC	B	-0.35%
CMS	C	-0.34%
FNF	B	-0.34%
NVR	D	-0.33%
DOC	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
HSY	F	-0.33%
EIX	B	-0.33%
ARE	D	-0.32%
FE	C	-0.32%
GIS	D	-0.31%
GPC	D	-0.31%
MOH	F	-0.31%
KDP	D	-0.31%
WLK	D	-0.3%
PYPL	B	-0.19%
ODFL	B	-0.19%
WRB	A	-0.18%
APD	A	-0.18%
LH	C	-0.18%
IEX	B	-0.18%
J	F	-0.18%
KEYS	A	-0.17%
GD	F	-0.17%
PEP	F	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
MAA	B	-0.17%
LOW	D	-0.17%
PFG	D	-0.17%
OMC	C	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
CPB	D	-0.16%
EXPD	D	-0.16%
LMT	D	-0.16%
DD	D	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
AWK	D	-0.15%