VFMV vs. FTA ETF Comparison

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

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. 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

$124.11

Average Daily Volume

7,110

Number of Holdings ^*

165

* 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

$80.94

Average Daily Volume

38,450

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	FTA
30 Days	1.16%	1.82%
60 Days	2.87%	4.97%
90 Days	6.24%	6.72%
12 Months	25.97%	24.57%

30 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in FTA	Overlap
ACN	B	0.2%	0.17%	0.17%
AEE	B	0.19%	0.7%	0.19%
AKAM	F	0.04%	0.53%	0.04%
CB	C	0.07%	0.68%	0.07%
CI	D	0.11%	0.16%	0.11%
CMS	D	0.03%	0.33%	0.03%
CSCO	A	1.25%	0.38%	0.38%
CTSH	A	0.06%	0.74%	0.06%
CVX	A	0.9%	0.93%	0.9%
DTE	D	0.03%	0.47%	0.03%
DUK	D	1.42%	0.49%	0.49%
ED	D	1.44%	0.66%	0.66%
FANG	C	0.3%	0.74%	0.3%
FE	D	0.77%	0.33%	0.33%
GD	C	1.14%	0.17%	0.17%
GIS	F	1.0%	0.31%	0.31%
HOLX	D	0.36%	0.17%	0.17%
HPQ	B	0.96%	0.37%	0.37%
HSY	F	0.36%	0.32%	0.32%
JNJ	D	1.49%	0.34%	0.34%
KMI	B	0.2%	0.84%	0.2%
LMT	D	1.47%	0.16%	0.16%
MDLZ	F	0.28%	0.15%	0.15%
PEP	D	0.04%	0.16%	0.04%
PSX	C	0.1%	0.85%	0.1%
T	A	1.41%	0.88%	0.88%
TRV	B	0.38%	0.55%	0.38%
VZ	D	1.0%	0.63%	0.63%
WEC	B	0.45%	0.35%	0.35%
XOM	B	1.23%	0.91%	0.91%

VFMV Overweight 135 Positions Relative to FTA

Symbol	Grade	Weight
IBM	D	1.52%
MCK	B	1.52%
ADI	D	1.5%
DOX	C	1.5%
EQC	C	1.49%
ABT	C	1.49%
PGR	A	1.48%
PG	C	1.48%
TXN	B	1.48%
COR	B	1.48%
MRK	F	1.46%
CHD	A	1.44%
TMUS	A	1.43%
KO	F	1.4%
SO	D	1.38%
CVLT	B	1.38%
NTAP	D	1.37%
ROP	A	1.33%
MSFT	C	1.3%
TJX	A	1.27%
RSG	B	1.2%
NOC	D	1.17%
EA	A	1.16%
CME	B	1.14%
MUSA	B	1.13%
REGN	F	1.12%
ORLY	A	1.11%
IDT	B	1.1%
WMT	A	1.08%
RTX	D	1.06%
IDCC	B	1.06%
WM	A	1.06%
KEX	A	1.05%
CL	F	1.05%
CBOE	D	1.04%
FCN	F	0.98%
LRN	B	0.97%
WTW	A	0.93%
MGEE	B	0.89%
HSTM	B	0.84%
GILD	B	0.83%
MCD	C	0.79%
VECO	F	0.78%
DLB	D	0.78%
BSX	A	0.75%
UNH	B	0.75%
TYL	B	0.74%
ABBV	F	0.74%
TKO	D	0.73%
CHE	D	0.69%
SPOT	A	0.68%
SAFT	B	0.67%
BLKB	C	0.66%
CTRE	C	0.65%
CRUS	F	0.64%
AVGO	C	0.64%
GOOGL	C	0.64%
CAH	B	0.64%
NSIT	F	0.56%
WTM	A	0.54%
AAPL	C	0.54%
YELP	C	0.52%
NABL	F	0.51%
GOOG	C	0.48%
META	B	0.47%
GDDY	B	0.46%
MATX	B	0.45%
PBH	A	0.42%
NEU	C	0.4%
FLO	F	0.38%
INSW	F	0.37%
WMB	B	0.37%
V	A	0.35%
DTM	A	0.35%
AJG	A	0.35%
PPC	C	0.34%
AZO	B	0.34%
LAUR	B	0.34%
NVEC	D	0.33%
THFF	A	0.33%
PFE	F	0.32%
LLY	F	0.32%
BRK.A	B	0.31%
VERX	B	0.3%
RLI	A	0.3%
QRVO	F	0.28%
OLLI	C	0.26%
ATR	A	0.25%
QCOM	F	0.25%
LIN	D	0.24%
JBSS	F	0.24%
MO	A	0.24%
ROL	C	0.23%
MCS	A	0.22%
EXEL	B	0.21%
AMSF	B	0.21%
LOPE	B	0.2%
MTSI	B	0.2%
DECK	B	0.2%
IMMR	F	0.2%
EBF	C	0.2%
JJSF	C	0.19%
CASS	B	0.19%
QNST	C	0.18%
HQY	B	0.18%
SPOK	B	0.15%
FDP	B	0.15%
AMGN	F	0.14%
OLED	F	0.14%
HCKT	B	0.14%
SPNS	F	0.14%
TW	B	0.13%
PI	D	0.12%
DGICA	A	0.1%
TNK	F	0.09%
DJCO	B	0.09%
AMAT	F	0.08%
KLAC	F	0.07%
CNXN	C	0.07%
UNM	A	0.06%
OSIS	B	0.06%
JPM	A	0.05%
CNA	C	0.04%
PEBK	B	0.04%
LANC	C	0.04%
CLBK	B	0.04%
GLRE	C	0.04%
NBIX	C	0.03%
MSI	B	0.03%
BCAL	B	0.03%
EIG	A	0.03%
VRTX	B	0.03%
MRAM	D	0.02%
FFNW	D	0.02%
MU	D	0.02%

VFMV Underweight 156 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.31%
SYF	B	-1.14%
GM	B	-1.08%
DAL	A	-1.04%
STLD	C	-1.03%
PCAR	B	-1.0%
TROW	A	-0.97%
RS	C	-0.97%
CINF	A	-0.95%
COP	C	-0.94%
NUE	D	-0.94%
FOXA	A	-0.93%
CMCSA	B	-0.93%
AIG	B	-0.92%
HPE	B	-0.92%
F	C	-0.91%
CTRA	B	-0.9%
EOG	A	-0.9%
VLO	C	-0.89%
HAL	C	-0.89%
COF	B	-0.87%
WFC	A	-0.87%
OXY	F	-0.87%
DVN	F	-0.87%
TOL	B	-0.87%
MPC	D	-0.83%
HBAN	A	-0.83%
EG	D	-0.81%
CVS	F	-0.8%
VTRS	B	-0.8%
LYB	F	-0.8%
PHM	D	-0.8%
LEN	D	-0.8%
INTC	C	-0.79%
CFG	B	-0.79%
BG	D	-0.79%
LNG	B	-0.79%
ETR	B	-0.78%
EQT	B	-0.78%
CRBG	C	-0.77%
ADM	F	-0.77%
C	B	-0.76%
OC	A	-0.75%
ALLY	C	-0.75%
SRE	B	-0.75%
FDX	B	-0.73%
KR	A	-0.73%
L	A	-0.73%
ATO	B	-0.72%
SLB	C	-0.72%
ZBH	C	-0.71%
XEL	A	-0.71%
ON	F	-0.7%
CNP	B	-0.7%
HIG	C	-0.69%
CF	B	-0.69%
APTV	F	-0.68%
EXC	C	-0.66%
SWKS	F	-0.65%
DG	F	-0.65%
SNA	A	-0.63%
MS	A	-0.63%
DHI	D	-0.62%
CHTR	B	-0.62%
BKR	B	-0.61%
IP	B	-0.61%
MTB	A	-0.6%
BAC	A	-0.58%
CE	F	-0.58%
CNC	F	-0.58%
USB	B	-0.56%
RF	A	-0.56%
TDY	B	-0.56%
FITB	A	-0.55%
STT	B	-0.55%
LUV	B	-0.54%
DGX	B	-0.52%
NI	A	-0.52%
ULTA	C	-0.52%
SYY	D	-0.51%
DE	D	-0.51%
TXT	D	-0.51%
TGT	C	-0.5%
PPL	A	-0.5%
D	D	-0.5%
EBAY	C	-0.49%
HRL	F	-0.49%
STX	D	-0.49%
AFL	C	-0.49%
EQR	C	-0.49%
LNT	C	-0.48%
KHC	F	-0.48%
AEP	D	-0.48%
BLDR	C	-0.47%
DOW	F	-0.46%
BIIB	F	-0.46%
BBY	C	-0.45%
RJF	A	-0.45%
OKE	A	-0.4%
KEY	B	-0.4%
ZM	B	-0.4%
PNC	B	-0.39%
PKG	B	-0.39%
JBHT	C	-0.38%
NWSA	B	-0.38%
KIM	A	-0.37%
RGA	A	-0.36%
PRU	B	-0.36%
DRI	B	-0.36%
DIS	B	-0.36%
CSX	B	-0.36%
TSN	B	-0.35%
DOC	C	-0.35%
SSNC	C	-0.35%
ARE	F	-0.34%
MOH	F	-0.34%
CARR	C	-0.33%
EIX	C	-0.33%
NVR	D	-0.33%
PPG	F	-0.33%
FNF	C	-0.33%
WLK	F	-0.32%
HUM	D	-0.32%
KDP	C	-0.31%
GPC	D	-0.31%
ELV	F	-0.29%
CMI	A	-0.19%
J	D	-0.19%
ODFL	B	-0.19%
KEYS	C	-0.18%
PYPL	A	-0.18%
APD	B	-0.18%
WRB	B	-0.18%
IEX	B	-0.18%
LH	B	-0.18%
LHX	B	-0.18%
DD	D	-0.17%
MAA	C	-0.17%
MDT	D	-0.17%
LOW	B	-0.17%
UPS	C	-0.17%
HD	B	-0.17%
SBUX	B	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
CLX	A	-0.17%
PFG	C	-0.17%
OMC	A	-0.17%
AWK	D	-0.16%
EXPD	C	-0.16%
CPB	F	-0.16%
WY	F	-0.16%
FTV	C	-0.16%
MAS	D	-0.16%
NKE	F	-0.15%
CAG	F	-0.15%

VFMV: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Semiconductors Drug Manufacturers - Major Internet Content & Information Utilities - Regulated Electric Packaged Foods Software - Application Telecom Services Information Technology Services Aerospace & Defense Banks - Regional - US Biotechnology Business Services Medical Distribution Semiconductor Equipment & Materials Shipping & Ports Education & Training Services Household & Personal Products Media - Diversified Oil & Gas Midstream