VALQ vs. FTA ETF Comparison

Comparison of American Century STOXX U.S. Quality Value ETF (VALQ) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$61.61

Average Daily Volume

7,337

Number of Holdings ^*

241

* 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

$79.16

Average Daily Volume

35,869

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	VALQ	FTA
30 Days	3.43%	2.23%
60 Days	10.14%	8.56%
90 Days	9.21%	9.43%
12 Months	30.39%	27.63%

56 Overlapping Holdings

Symbol	Grade	Weight in VALQ	Weight in FTA	Overlap
BBY	C	1.23%	0.59%	0.59%
BRK.A	B	0.08%	0.94%	0.08%
CAG	D	0.09%	0.76%	0.09%
CHTR	D	0.08%	0.53%	0.08%
CI	D	0.7%	0.17%	0.17%
CMCSA	B	2.21%	0.89%	0.89%
CNC	F	0.08%	0.75%	0.08%
CPB	D	0.08%	0.36%	0.08%
CSCO	A	0.66%	0.37%	0.37%
CTSH	B	0.77%	0.76%	0.76%
DGX	D	0.09%	0.55%	0.09%
EBAY	A	1.96%	0.8%	0.8%
EG	A	0.08%	0.87%	0.08%
ELV	F	0.08%	0.16%	0.08%
EPAM	F	0.09%	0.35%	0.09%
EXPD	D	0.09%	0.17%	0.09%
FDX	F	0.09%	0.44%	0.09%
FOXA	B	0.09%	1.03%	0.09%
GIS	C	0.09%	0.57%	0.09%
GM	D	0.08%	0.84%	0.08%
GPC	D	1.08%	0.34%	0.34%
HIG	A	0.09%	0.78%	0.09%
HPE	B	0.09%	0.79%	0.09%
HPQ	B	1.76%	0.34%	0.34%
INCY	B	0.09%	0.53%	0.09%
JBL	C	0.28%	0.55%	0.28%
JNJ	D	0.09%	0.37%	0.09%
K	B	0.08%	0.23%	0.08%
KMB	D	2.09%	0.17%	0.17%
KR	C	0.21%	0.55%	0.21%
L	C	0.08%	0.7%	0.08%
LEN	C	0.18%	1.04%	0.18%
LMT	A	0.1%	0.42%	0.1%
LYB	B	1.35%	0.67%	0.67%
MPC	D	0.23%	0.79%	0.23%
OC	C	1.04%	0.67%	0.67%
OMC	C	0.09%	0.38%	0.09%
PKG	B	0.09%	0.39%	0.09%
PPG	D	0.17%	0.36%	0.17%
PYPL	A	0.76%	0.45%	0.45%
QCOM	D	0.55%	0.14%	0.14%
SNA	C	0.09%	0.74%	0.09%
SSNC	C	0.09%	0.39%	0.09%
STLD	C	0.09%	0.81%	0.09%
STT	A	0.09%	0.58%	0.09%
SWKS	F	0.11%	0.45%	0.11%
SYF	A	0.09%	0.88%	0.09%
SYY	D	0.16%	0.18%	0.16%
TEL	D	2.56%	0.49%	0.49%
TGT	C	1.51%	0.35%	0.35%
TROW	D	0.08%	0.63%	0.08%
TSN	D	0.08%	0.17%	0.08%
TXT	F	0.08%	0.5%	0.08%
VLO	F	0.08%	0.72%	0.08%
WMT	A	2.1%	0.19%	0.19%
ZM	B	0.32%	0.57%	0.32%

VALQ Overweight 185 Positions Relative to FTA

Symbol	Grade	Weight
AAPL	C	2.66%
IBM	A	2.21%
MSI	A	2.06%
AMZN	C	2.04%
CL	D	1.95%
HD	A	1.94%
KO	C	1.93%
ABBV	C	1.92%
INGR	B	1.81%
CTAS	C	1.78%
ETN	B	1.75%
NFLX	A	1.71%
VLTO	A	1.7%
SPG	A	1.67%
APH	D	1.62%
JLL	C	1.53%
TXN	C	1.53%
CLX	C	1.53%
UBER	C	1.3%
MAS	C	1.29%
PG	D	1.13%
OTIS	A	1.09%
MTD	C	1.07%
TOL	C	1.06%
ITW	C	0.9%
LECO	D	0.82%
SFM	A	0.79%
TPR	B	0.76%
CAH	B	0.76%
BMY	A	0.71%
DOX	B	0.69%
NVT	C	0.66%
IVZ	A	0.65%
SEIC	B	0.65%
DCI	B	0.59%
HRB	C	0.59%
GOOGL	B	0.58%
ALLE	A	0.57%
NYT	C	0.54%
MO	D	0.52%
REYN	D	0.51%
ECL	C	0.47%
FFIV	B	0.47%
NTAP	D	0.44%
CBT	B	0.43%
MTG	A	0.43%
AYI	A	0.42%
HUBB	A	0.41%
ARW	C	0.37%
DBX	C	0.35%
AMCR	C	0.35%
G	A	0.34%
WSM	C	0.34%
FLS	A	0.33%
AZEK	D	0.33%
SHW	C	0.33%
NOVT	C	0.31%
GWW	B	0.29%
MSFT	D	0.27%
SM	D	0.26%
DOCU	A	0.26%
TT	A	0.25%
NSIT	B	0.25%
QLYS	F	0.24%
NEU	F	0.24%
PH	A	0.24%
FLO	D	0.24%
UHS	D	0.23%
FICO	C	0.21%
CAT	A	0.21%
CRUS	D	0.21%
DVA	C	0.2%
COLM	B	0.2%
LAMR	C	0.18%
ORI	A	0.18%
ADSK	B	0.18%
WING	C	0.17%
ROST	D	0.17%
TJX	D	0.17%
BRBR	A	0.17%
DPZ	D	0.16%
CR	A	0.16%
AMKR	F	0.16%
JEF	A	0.16%
IDXX	D	0.16%
LFUS	C	0.15%
ANF	D	0.14%
DDS	D	0.14%
GAP	F	0.14%
UTHR	C	0.13%
DKS	D	0.13%
EME	B	0.12%
APP	A	0.12%
EXPE	B	0.11%
GL	C	0.11%
MMM	C	0.11%
ALSN	A	0.11%
BKNG	B	0.1%
RL	B	0.1%
PEGA	B	0.1%
META	A	0.1%
GILD	A	0.1%
AXS	A	0.1%
THC	D	0.1%
EXEL	B	0.1%
TMHC	C	0.09%
AKAM	D	0.09%
ADBE	F	0.09%
TER	C	0.09%
MLI	B	0.09%
CMC	D	0.09%
NTRS	B	0.09%
CROX	C	0.09%
LDOS	A	0.09%
BERY	C	0.09%
TAP	D	0.09%
NVR	C	0.09%
AIZ	B	0.09%
RGA	B	0.09%
INFA	D	0.09%
FTNT	A	0.09%
AMAT	C	0.09%
POST	C	0.09%
PHM	C	0.09%
VRSN	C	0.09%
MSM	D	0.09%
KEYS	B	0.09%
ALL	A	0.09%
PGR	B	0.09%
FIS	A	0.09%
EVR	C	0.09%
CACI	A	0.09%
AXTA	C	0.09%
CSL	A	0.09%
BWA	C	0.09%
TWLO	B	0.09%
RHI	D	0.09%
JKHY	A	0.09%
TXRH	A	0.09%
DLB	D	0.09%
CCK	C	0.09%
TRMB	B	0.09%
AMG	B	0.09%
BMI	A	0.09%
EHC	C	0.09%
AIT	B	0.09%
USFD	C	0.09%
ALKS	B	0.09%
AVGO	B	0.09%
RMD	C	0.09%
UNM	A	0.09%
BK	A	0.09%
SAIC	A	0.09%
SWK	C	0.09%
MANH	A	0.09%
BYD	B	0.09%
AOS	C	0.09%
WTS	C	0.09%
QRVO	F	0.08%
PVH	D	0.08%
PARA	F	0.08%
EEFT	F	0.08%
IQV	F	0.08%
COKE	C	0.08%
OMF	D	0.08%
GDDY	B	0.08%
NXST	D	0.08%
JAZZ	F	0.08%
EA	D	0.08%
MAT	B	0.08%
IGT	F	0.08%
ADTN	C	0.08%
KBH	D	0.08%
KLAC	B	0.08%
AN	D	0.08%
SKX	B	0.08%
MHK	C	0.08%
FIZZ	F	0.08%
LRCX	D	0.08%
VMI	B	0.08%
TKR	B	0.08%
MMS	C	0.08%
ALLY	F	0.07%
MEDP	F	0.07%
MCK	F	0.07%

VALQ Underweight 130 Positions Relative to FTA

Symbol	Grade	Weight
DHI	C	-1.13%
ETR	A	-1.02%
UAL	A	-0.99%
EXC	C	-0.97%
T	B	-0.96%
CINF	A	-0.96%
CF	A	-0.96%
ACGL	A	-0.94%
APTV	D	-0.88%
CVS	D	-0.87%
GPN	F	-0.87%
CE	D	-0.86%
ADM	F	-0.83%
MKL	B	-0.83%
EQT	C	-0.82%
XEL	C	-0.81%
EOG	B	-0.81%
AEE	A	-0.81%
UHAL	C	-0.8%
ATO	A	-0.79%
NUE	D	-0.79%
AEP	C	-0.78%
CVX	B	-0.78%
ED	C	-0.78%
MTB	A	-0.77%
PSX	D	-0.77%
CFG	C	-0.76%
PCG	C	-0.76%
CB	A	-0.76%
BG	F	-0.76%
COP	D	-0.76%
WBD	F	-0.75%
HBAN	B	-0.74%
SJM	D	-0.74%
CTRA	D	-0.74%
VTRS	D	-0.73%
IPG	D	-0.73%
VZ	C	-0.73%
KMI	A	-0.73%
KHC	F	-0.73%
F	D	-0.72%
COF	A	-0.72%
FANG	D	-0.71%
DVN	F	-0.69%
LNG	A	-0.69%
OXY	D	-0.68%
RS	D	-0.68%
XOM	A	-0.67%
AIG	C	-0.66%
LKQ	F	-0.65%
WFC	B	-0.63%
BEN	F	-0.62%
AFL	A	-0.6%
EIX	C	-0.59%
WEC	B	-0.59%
CMS	A	-0.58%
HAL	D	-0.57%
D	A	-0.57%
FITB	C	-0.57%
WPC	C	-0.56%
USB	C	-0.56%
DTE	B	-0.56%
RF	B	-0.56%
FE	C	-0.56%
DUK	C	-0.56%
DE	C	-0.55%
TDY	A	-0.55%
JBHT	D	-0.53%
SRE	C	-0.53%
EQR	C	-0.52%
BKR	B	-0.5%
LUV	B	-0.5%
ZBH	F	-0.49%
C	B	-0.48%
BAC	B	-0.48%
CRBG	B	-0.48%
CNP	B	-0.46%
HCA	C	-0.42%
FNF	C	-0.41%
WY	C	-0.4%
NEE	C	-0.4%
PEG	A	-0.4%
LOW	C	-0.4%
TRV	B	-0.39%
APD	C	-0.39%
KEY	B	-0.39%
PNC	C	-0.39%
KIM	C	-0.39%
INTC	D	-0.38%
MDT	C	-0.38%
MOH	F	-0.38%
GS	B	-0.37%
OKE	A	-0.37%
KDP	C	-0.37%
DOV	C	-0.36%
MS	A	-0.36%
WRB	C	-0.36%
ARE	D	-0.35%
DOW	B	-0.35%
HRL	F	-0.35%
HSY	D	-0.35%
UPS	D	-0.33%
CBRE	C	-0.22%
KVUE	C	-0.21%
BLK	A	-0.2%
POOL	D	-0.2%
VTR	C	-0.2%
TRGP	A	-0.19%
JCI	C	-0.19%
MKC	C	-0.19%
CMI	A	-0.19%
NKE	D	-0.19%
ABT	C	-0.18%
CTVA	A	-0.18%
PFG	A	-0.18%
MAA	D	-0.18%
DD	C	-0.18%
J	F	-0.18%
AWK	D	-0.18%
MDLZ	D	-0.18%
PRU	B	-0.17%
GD	C	-0.17%
WLK	C	-0.17%
LHX	A	-0.17%
TSCO	A	-0.17%
RJF	B	-0.16%
REGN	D	-0.16%
BIIB	F	-0.14%
HUM	F	-0.14%
DG	F	-0.11%