VFMF vs. FTA ETF Comparison

Comparison of Vanguard U.S. Multifactor ETF (VFMF) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$131.01

Average Daily Volume

8,779

Number of Holdings ^*

446

* 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

$78.56

Average Daily Volume

33,412

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	VFMF	FTA
30 Days	3.80%	3.63%
60 Days	3.06%	3.82%
90 Days	7.60%	7.47%
12 Months	27.79%	20.29%

54 Overlapping Holdings

Symbol	Grade	Weight in VFMF	Weight in FTA	Overlap
AFL	C	0.97%	0.61%	0.61%
AIG	D	1.6%	0.68%	0.68%
BG	D	0.2%	0.78%	0.2%
CF	C	0.15%	0.91%	0.15%
CFG	C	0.22%	0.76%	0.22%
CI	C	0.47%	0.18%	0.18%
CNC	D	0.19%	0.78%	0.19%
COP	D	0.49%	0.78%	0.49%
CRBG	D	0.16%	0.48%	0.16%
CTRA	D	0.21%	0.74%	0.21%
CTSH	C	0.12%	0.78%	0.12%
CVX	D	0.4%	0.77%	0.4%
DHI	B	0.21%	1.16%	0.21%
EBAY	B	0.06%	0.82%	0.06%
EOG	D	0.58%	0.81%	0.58%
FANG	D	1.08%	0.74%	0.74%
FDX	C	0.65%	0.48%	0.48%
FNF	B	0.21%	0.42%	0.21%
GM	C	0.24%	0.86%	0.24%
GPC	D	0.11%	0.34%	0.11%
HCA	B	0.57%	0.42%	0.42%
HIG	B	1.04%	0.79%	0.79%
HPE	D	0.05%	0.69%	0.05%
HPQ	D	0.21%	0.33%	0.21%
JBL	D	0.25%	0.48%	0.25%
KMB	D	0.33%	0.17%	0.17%
KR	C	0.74%	0.56%	0.56%
LEN	B	0.18%	1.05%	0.18%
LEN	B	0.06%	1.05%	0.06%
LOW	B	0.05%	0.4%	0.05%
LYB	D	0.11%	0.68%	0.11%
MOH	D	0.14%	0.41%	0.14%
MPC	F	0.99%	0.81%	0.81%
NUE	F	0.74%	0.77%	0.74%
OC	D	0.49%	0.65%	0.49%
PFG	B	0.06%	0.17%	0.06%
PKG	B	0.18%	0.4%	0.18%
PSX	F	0.67%	0.77%	0.67%
QCOM	D	0.88%	0.14%	0.14%
RS	D	0.19%	0.67%	0.19%
SNA	C	0.15%	0.74%	0.15%
STLD	F	0.21%	0.74%	0.21%
STT	A	0.21%	0.57%	0.21%
SWKS	D	0.11%	0.48%	0.11%
SYF	C	1.01%	0.85%	0.85%
TGT	C	0.45%	0.35%	0.35%
VLO	F	1.11%	0.74%	0.74%
VTRS	D	0.04%	0.77%	0.04%
VZ	B	0.53%	0.74%	0.53%
WFC	D	1.71%	0.6%	0.6%
WLK	D	0.12%	0.16%	0.12%
WMT	C	0.5%	0.2%	0.2%
WRB	C	0.34%	0.38%	0.34%
XOM	C	0.55%	0.67%	0.55%

VFMF Overweight 392 Positions Relative to FTA

Symbol	Grade	Weight
GOOG	D	1.1%
BK	B	1.08%
AMAT	D	1.04%
ABBV	C	0.97%
MLI	A	0.94%
LRCX	F	0.92%
MTG	B	0.9%
BKNG	C	0.89%
MCK	F	0.87%
META	B	0.85%
BPOP	C	0.81%
APO	C	0.78%
AXP	B	0.78%
JPM	D	0.77%
PHM	B	0.75%
MMM	B	0.75%
CAT	B	0.74%
IBM	B	0.64%
KLAC	D	0.64%
ANET	B	0.62%
GOOGL	D	0.61%
GILD	B	0.61%
OFG	C	0.59%
TMHC	A	0.57%
OMF	D	0.53%
PCAR	D	0.53%
CAH	C	0.53%
ARCH	F	0.53%
BCC	B	0.5%
COST	B	0.47%
PVH	F	0.46%
HRB	C	0.45%
M	F	0.45%
AZO	D	0.45%
ORI	B	0.44%
NVDA	D	0.44%
COLL	C	0.43%
TJX	B	0.43%
SLM	D	0.42%
NWS	D	0.41%
ALSN	B	0.4%
GIII	C	0.4%
KELYA	D	0.4%
SIG	C	0.38%
WFRD	F	0.38%
AMAL	B	0.38%
ANDE	D	0.37%
UFPI	C	0.35%
RDN	C	0.34%
EIG	C	0.34%
SCS	D	0.34%
FULT	D	0.34%
FBP	C	0.33%
CBOE	C	0.32%
PRDO	D	0.31%
PRI	B	0.31%
GFF	D	0.3%
AMKR	F	0.3%
SKX	D	0.3%
ASC	D	0.29%
NMIH	B	0.29%
EAT	A	0.29%
TK	C	0.29%
CRM	D	0.29%
MLKN	D	0.28%
TNK	F	0.28%
WSM	D	0.28%
SIGA	D	0.27%
ACT	B	0.27%
UNM	B	0.27%
NTB	C	0.26%
CNO	B	0.26%
ASO	C	0.25%
AYI	B	0.25%
WTTR	D	0.25%
NSIT	D	0.25%
IBOC	D	0.25%
MTH	A	0.24%
TPC	C	0.24%
HP	F	0.24%
CAL	F	0.23%
PFBC	D	0.23%
MSM	D	0.23%
SRCE	C	0.23%
STNG	D	0.23%
EVR	A	0.23%
CLF	F	0.23%
CPAY	B	0.22%
PR	F	0.22%
EWBC	D	0.22%
MBIN	D	0.22%
ATKR	F	0.22%
DELL	D	0.22%
KD	D	0.21%
GNW	B	0.21%
MUR	F	0.21%
SXC	F	0.21%
MHO	B	0.21%
DBX	D	0.21%
CENTA	F	0.21%
TOL	B	0.21%
TEX	F	0.21%
CHRD	F	0.21%
EQH	C	0.21%
CATY	C	0.21%
CASH	B	0.2%
DINO	F	0.2%
AAL	D	0.2%
CPF	B	0.2%
AX	D	0.2%
GMS	D	0.2%
THO	D	0.2%
BLD	D	0.2%
CACC	F	0.2%
EME	B	0.2%
ESGR	D	0.19%
NR	D	0.19%
VGR	B	0.19%
OMI	D	0.19%
PLAB	F	0.19%
AMWD	D	0.19%
RL	C	0.19%
AGO	C	0.19%
BBWI	F	0.19%
SKYW	C	0.19%
ATGE	C	0.19%
ZEUS	F	0.19%
DHT	D	0.18%
SCHL	D	0.18%
DKS	D	0.18%
CVCO	A	0.18%
REVG	D	0.18%
PUMP	D	0.18%
IMKTA	D	0.18%
DLX	D	0.17%
BELFB	B	0.17%
VIRT	C	0.17%
TNL	D	0.17%
BLX	C	0.17%
AIT	A	0.17%
CLW	F	0.17%
VCTR	B	0.17%
CRC	C	0.17%
CALM	A	0.17%
COOP	C	0.17%
JEF	B	0.17%
DOX	C	0.16%
HCC	F	0.16%
OZK	D	0.16%
R	A	0.16%
WMK	C	0.16%
AMRX	B	0.16%
GAP	F	0.16%
SCSC	D	0.16%
RRC	D	0.16%
SM	F	0.16%
CMC	D	0.16%
VNT	F	0.16%
CR	C	0.16%
ENS	D	0.16%
DESP	C	0.15%
BV	C	0.15%
URBN	F	0.15%
INSW	D	0.15%
PLUS	A	0.15%
LPG	F	0.15%
KBH	A	0.15%
ARW	C	0.15%
WABC	D	0.15%
NVR	B	0.15%
MUSA	D	0.15%
TILE	B	0.15%
CNOB	B	0.15%
HWKN	C	0.15%
PATK	B	0.15%
FTI	D	0.15%
URI	B	0.15%
ETH	D	0.14%
DNOW	D	0.14%
PFGC	B	0.14%
FCF	C	0.14%
SPOK	C	0.14%
AN	D	0.14%
ODP	F	0.14%
FIX	B	0.14%
IESC	C	0.14%
QCRH	B	0.14%
AEO	F	0.14%
OVV	F	0.14%
OLN	D	0.14%
PHIN	B	0.14%
ESAB	C	0.14%
TPR	C	0.14%
NAT	D	0.14%
WCC	D	0.13%
ROCK	D	0.13%
MRC	D	0.13%
JELD	D	0.13%
TNET	F	0.13%
YETI	D	0.13%
CNXN	B	0.13%
CHCO	B	0.13%
FLWS	F	0.13%
KTB	B	0.13%
MATX	B	0.12%
TAP	D	0.12%
WNC	F	0.12%
RCL	B	0.12%
CSTM	F	0.12%
BBW	C	0.12%
PFSI	C	0.12%
SSD	D	0.12%
KNTK	B	0.12%
NTAP	D	0.12%
CEIX	D	0.12%
GL	C	0.12%
CVLT	B	0.12%
TPH	C	0.12%
REX	D	0.12%
EXPE	C	0.12%
NXST	D	0.11%
RES	D	0.11%
DAKT	D	0.11%
NMRK	A	0.11%
PTVE	D	0.11%
AZZ	D	0.11%
SFL	F	0.11%
BRY	F	0.11%
SANM	D	0.11%
RAMP	F	0.11%
FOR	C	0.11%
OXM	F	0.11%
JOE	C	0.11%
NAVI	C	0.1%
PH	B	0.1%
WGO	D	0.1%
EXEL	C	0.1%
WHD	C	0.1%
MOG.A	B	0.1%
SPTN	C	0.1%
FCX	D	0.1%
BLDR	C	0.1%
AGX	B	0.1%
BXC	D	0.1%
STBA	B	0.1%
MBUU	D	0.1%
GPOR	D	0.1%
BTU	D	0.1%
MTDR	F	0.1%
HAFC	C	0.1%
MTUS	F	0.1%
WEX	C	0.1%
SAIA	D	0.1%
COKE	C	0.1%
ARCB	D	0.09%
QLYS	F	0.09%
BUSE	C	0.09%
BOKF	B	0.09%
APOG	B	0.09%
CVBF	D	0.09%
DXPE	C	0.09%
CIVI	F	0.09%
GNK	D	0.09%
CNM	F	0.09%
SFBS	B	0.09%
EXP	B	0.09%
IIIN	D	0.09%
SD	D	0.09%
LRN	B	0.09%
CNX	B	0.09%
AGCO	D	0.09%
PSMT	B	0.08%
CSL	B	0.08%
MCY	D	0.08%
PLPC	D	0.08%
AHCO	C	0.08%
JWN	C	0.08%
ACCO	C	0.08%
OSUR	D	0.08%
WSFS	D	0.08%
IDT	C	0.08%
TBBK	B	0.08%
MRK	D	0.08%
PBF	F	0.08%
LPLA	D	0.08%
NOG	D	0.07%
BHLB	B	0.07%
STRL	B	0.07%
WU	F	0.07%
IDCC	B	0.07%
MYRG	F	0.07%
BECN	D	0.07%
AXL	F	0.07%
BBSI	B	0.07%
SFNC	B	0.07%
CNA	C	0.07%
UVV	D	0.07%
KSS	F	0.07%
GES	F	0.07%
AGM	D	0.07%
WOR	D	0.07%
LZB	C	0.07%
AMZN	C	0.07%
HVT	D	0.07%
MOV	F	0.07%
CRVL	B	0.07%
GRBK	B	0.07%
WMS	D	0.07%
SBSI	B	0.07%
VFC	C	0.06%
NX	F	0.06%
XRX	D	0.06%
GRNT	D	0.06%
ZIMV	F	0.06%
HBI	B	0.06%
OSBC	C	0.06%
CG	D	0.06%
RNR	C	0.06%
LBRT	D	0.06%
CASY	D	0.06%
TMUS	C	0.06%
BWA	D	0.06%
UA	D	0.06%
LOPE	D	0.06%
CACI	B	0.06%
RGP	F	0.06%
APG	D	0.06%
CPRX	A	0.06%
TCBI	B	0.05%
ANIP	D	0.05%
BKE	B	0.05%
BC	C	0.05%
DECK	C	0.05%
SCVL	B	0.05%
YELP	F	0.05%
PPC	D	0.05%
TNC	F	0.05%
MGY	C	0.05%
MET	B	0.05%
CBT	B	0.05%
PSTG	F	0.05%
HELE	D	0.05%
AMSF	C	0.05%
LQDT	B	0.05%
JBI	F	0.05%
LYTS	C	0.05%
DOLE	A	0.05%
STRA	F	0.04%
HEES	D	0.04%
MEDP	F	0.04%
SXI	C	0.04%
MCRI	C	0.04%
TRST	C	0.04%
BKU	C	0.04%
CHE	C	0.04%
BRKL	C	0.04%
HNI	C	0.04%
SHOO	B	0.04%
GOLF	D	0.04%
MCFT	F	0.04%
AMG	C	0.04%
CTS	D	0.04%
KFRC	D	0.04%
ALKS	C	0.04%
DDS	F	0.04%
ROST	C	0.04%
FARO	D	0.03%
SMP	C	0.03%
BYD	C	0.03%
GPK	B	0.03%
THRY	D	0.03%
ATEN	C	0.03%
HOV	C	0.03%
BERY	B	0.03%
HSTM	C	0.03%
ULTA	D	0.03%
KMT	B	0.03%
AMRK	C	0.03%
EPAC	B	0.03%
THFF	B	0.03%
DBI	F	0.03%
PRLB	F	0.03%
EPM	C	0.03%
FELE	C	0.03%
CCRN	F	0.03%
INMD	D	0.03%
JACK	F	0.03%
HIMS	D	0.02%
FFIV	B	0.02%
GPI	B	0.02%
MAN	C	0.02%
JAZZ	D	0.02%

VFMF Underweight 133 Positions Relative to FTA

Symbol	Grade	Weight
EXC	C	-1.0%
ETR	B	-1.0%
CINF	B	-0.99%
T	C	-0.98%
GPN	D	-0.98%
FOXA	B	-0.98%
BRK.A	C	-0.96%
ACGL	C	-0.95%
UAL	C	-0.88%
CMCSA	D	-0.87%
ADM	D	-0.86%
EG	C	-0.86%
MKL	C	-0.85%
CVS	D	-0.84%
XEL	B	-0.83%
APTV	D	-0.82%
AEP	C	-0.81%
AEE	C	-0.81%
ATO	B	-0.8%
ED	C	-0.8%
UHAL	A	-0.78%
PCG	C	-0.78%
CB	B	-0.78%
EQT	D	-0.77%
CE	F	-0.77%
CAG	C	-0.77%
KHC	C	-0.76%
MTB	B	-0.76%
HBAN	B	-0.75%
SJM	C	-0.75%
IPG	C	-0.73%
KMI	B	-0.73%
DVN	F	-0.73%
F	F	-0.73%
L	C	-0.72%
WBD	D	-0.71%
OXY	F	-0.7%
LNG	C	-0.7%
COF	B	-0.69%
LKQ	F	-0.66%
TROW	D	-0.63%
BEN	F	-0.61%
WEC	C	-0.61%
EIX	C	-0.6%
DUK	C	-0.59%
BBY	C	-0.59%
CMS	C	-0.59%
D	C	-0.59%
HAL	F	-0.58%
FE	C	-0.58%
GIS	B	-0.58%
EQR	B	-0.57%
DTE	C	-0.57%
ZM	C	-0.57%
FITB	B	-0.57%
WPC	C	-0.57%
DGX	B	-0.57%
CHTR	D	-0.57%
TDY	B	-0.56%
USB	B	-0.56%
RF	B	-0.55%
SRE	C	-0.54%
INCY	C	-0.53%
JBHT	D	-0.53%
DE	B	-0.52%
LUV	C	-0.51%
TXT	D	-0.51%
TEL	D	-0.49%
ZBH	F	-0.49%
BAC	D	-0.49%
BKR	C	-0.48%
C	C	-0.46%
CNP	C	-0.45%
PYPL	B	-0.42%
KIM	C	-0.42%
LMT	C	-0.42%
SSNC	B	-0.41%
NEE	C	-0.41%
PNC	B	-0.4%
MDT	C	-0.4%
TRV	C	-0.4%
JNJ	C	-0.39%
PEG	B	-0.39%
KEY	B	-0.39%
APD	B	-0.38%
OMC	B	-0.38%
CPB	C	-0.38%
WY	C	-0.38%
KDP	B	-0.38%
OKE	B	-0.38%
EPAM	F	-0.37%
HSY	C	-0.37%
DOV	B	-0.36%
HRL	C	-0.36%
ARE	C	-0.36%
CSCO	C	-0.36%
GS	C	-0.36%
PPG	D	-0.35%
MS	D	-0.34%
UPS	D	-0.33%
DOW	D	-0.33%
INTC	F	-0.32%
K	B	-0.23%
CBRE	A	-0.22%
VTR	C	-0.21%
KVUE	C	-0.21%
MKC	C	-0.2%
REGN	C	-0.19%
BLK	B	-0.19%
ABT	C	-0.19%
POOL	C	-0.19%
MDLZ	B	-0.19%
AWK	B	-0.19%
TRGP	B	-0.19%
MAA	B	-0.19%
NKE	D	-0.18%
JCI	B	-0.18%
CMI	C	-0.18%
SYY	D	-0.18%
TSN	C	-0.18%
PRU	C	-0.17%
DD	B	-0.17%
ELV	C	-0.17%
LHX	C	-0.17%
J	C	-0.17%
CTVA	B	-0.17%
TSCO	C	-0.17%
GD	B	-0.17%
RJF	C	-0.16%
EXPD	C	-0.16%
HUM	F	-0.15%
BIIB	F	-0.14%
DG	F	-0.11%