VOE vs. FTA ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$174.14

Average Daily Volume

260,328

Number of Holdings ^*

183

* 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	VOE	FTA
30 Days	3.57%	4.88%
60 Days	4.57%	5.23%
90 Days	7.52%	6.80%
12 Months	31.70%	26.69%

108 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in FTA	Overlap
ADM	D	0.59%	0.77%	0.59%
AEE	A	0.52%	0.72%	0.52%
AIG	B	0.54%	0.91%	0.54%
AKAM	D	0.34%	0.45%	0.34%
ARE	D	0.43%	0.32%	0.32%
AWK	D	0.6%	0.15%	0.15%
BBY	D	0.39%	0.45%	0.39%
BIIB	F	0.56%	0.44%	0.44%
BKR	B	0.84%	0.61%	0.61%
CAG	D	0.31%	0.14%	0.14%
CARR	D	1.39%	0.33%	0.33%
CE	F	0.31%	0.48%	0.31%
CF	B	0.33%	0.7%	0.33%
CFG	B	0.4%	0.8%	0.4%
CINF	A	0.49%	0.96%	0.49%
CLX	B	0.44%	0.17%	0.17%
CMI	A	1.0%	0.19%	0.19%
CMS	C	0.46%	0.34%	0.34%
CNC	D	0.73%	0.55%	0.55%
CNP	B	0.43%	0.72%	0.43%
CPB	D	0.2%	0.16%	0.16%
CRBG	B	0.17%	0.74%	0.17%
CTSH	B	0.82%	0.73%	0.73%
CTVA	C	0.93%	0.17%	0.17%
D	C	0.4%	0.5%	0.4%
DAL	C	0.82%	1.12%	0.82%
DD	D	0.69%	0.16%	0.16%
DG	F	0.39%	0.64%	0.39%
DGX	A	0.38%	0.52%	0.38%
DHI	D	1.1%	0.6%	0.6%
DOC	D	0.17%	0.33%	0.17%
DOW	F	0.77%	0.42%	0.42%
DRI	B	0.42%	0.36%	0.36%
DTE	C	0.49%	0.48%	0.48%
EBAY	D	0.63%	0.49%	0.49%
ED	D	0.78%	0.64%	0.64%
EG	C	0.34%	0.82%	0.34%
EIX	B	0.7%	0.33%	0.33%
EQR	B	0.56%	0.5%	0.5%
ETR	B	0.74%	0.78%	0.74%
EXC	C	0.87%	0.66%	0.66%
EXPD	D	0.37%	0.16%	0.16%
FE	C	0.51%	0.32%	0.32%
FITB	A	0.66%	0.57%	0.57%
FNF	B	0.35%	0.34%	0.34%
FOXA	B	0.25%	0.98%	0.25%
FTV	C	0.56%	0.16%	0.16%
GIS	D	0.84%	0.31%	0.31%
GPC	D	0.36%	0.31%	0.31%
HAL	C	0.25%	0.91%	0.25%
HBAN	A	0.5%	0.84%	0.5%
HIG	B	0.72%	0.69%	0.69%
HOLX	D	0.42%	0.16%	0.16%
HPE	B	0.56%	0.92%	0.56%
HPQ	B	0.77%	0.36%	0.36%
HRL	D	0.21%	0.49%	0.21%
IP	B	0.43%	0.6%	0.43%
J	F	0.39%	0.18%	0.18%
KEY	B	0.36%	0.4%	0.36%
KEYS	A	0.58%	0.17%	0.17%
KMI	A	0.51%	0.85%	0.51%
KR	B	0.81%	0.72%	0.72%
L	A	0.33%	0.74%	0.33%
LEN	D	0.89%	0.79%	0.79%
LEN	D	0.06%	0.79%	0.06%
LH	C	0.43%	0.18%	0.18%
LHX	C	1.04%	0.18%	0.18%
LNG	B	0.92%	0.82%	0.82%
LNT	A	0.34%	0.5%	0.34%
LUV	C	0.41%	0.56%	0.41%
LYB	F	0.5%	0.76%	0.5%
MAA	B	0.39%	0.17%	0.17%
MAS	D	0.39%	0.16%	0.16%
MTB	A	0.72%	0.61%	0.61%
NI	A	0.18%	0.53%	0.18%
NUE	C	0.75%	0.85%	0.75%
NVR	D	0.3%	0.33%	0.3%
NWSA	B	0.3%	0.38%	0.3%
OKE	A	1.26%	0.42%	0.42%
OMC	C	0.44%	0.17%	0.17%
PCAR	B	1.22%	1.02%	1.02%
PFG	D	0.42%	0.17%	0.17%
PHM	D	0.6%	0.79%	0.6%
PKG	A	0.46%	0.38%	0.38%
PPG	F	0.65%	0.33%	0.33%
PPL	B	0.51%	0.51%	0.51%
PRU	A	0.97%	0.36%	0.36%
RF	A	0.49%	0.58%	0.49%
RJF	A	0.61%	0.46%	0.46%
SNA	A	0.39%	0.63%	0.39%
SSNC	B	0.32%	0.35%	0.32%
STLD	B	0.21%	0.96%	0.21%
STT	A	0.59%	0.55%	0.55%
SWKS	F	0.31%	0.6%	0.31%
SYF	B	0.48%	1.14%	0.48%
SYY	B	0.82%	0.49%	0.49%
TROW	B	0.54%	0.97%	0.54%
TSN	B	0.37%	0.38%	0.37%
TXT	D	0.34%	0.5%	0.34%
UAL	A	0.57%	1.4%	0.57%
VTRS	A	0.31%	0.76%	0.31%
WEC	A	0.67%	0.35%	0.35%
WLK	D	0.06%	0.3%	0.06%
WRB	A	0.36%	0.18%	0.18%
WY	D	0.5%	0.16%	0.16%
XEL	A	0.83%	0.74%	0.74%
ZBH	C	0.48%	0.71%	0.48%
ZM	B	0.39%	0.42%	0.39%

VOE Overweight 75 Positions Relative to FTA

Symbol	Grade	Weight
AJG	B	1.37%
DLR	B	1.3%
URI	B	1.2%
NEM	D	1.17%
AMP	A	1.11%
ALL	A	1.1%
FIS	C	1.09%
PEG	A	0.99%
KVUE	A	0.98%
PCG	A	0.94%
COR	B	0.9%
EA	A	0.89%
CBRE	B	0.89%
OTIS	C	0.88%
GEHC	F	0.84%
DFS	B	0.83%
GLW	B	0.82%
IRM	D	0.81%
ACGL	D	0.78%
NDAQ	A	0.76%
VICI	C	0.74%
WAB	B	0.73%
WMB	A	0.71%
AVB	B	0.7%
GRMN	B	0.68%
WTW	B	0.68%
VTR	C	0.6%
GPN	B	0.59%
CAH	B	0.59%
DOV	A	0.58%
SPG	B	0.58%
IFF	D	0.57%
CDW	F	0.56%
JCI	C	0.56%
NTAP	C	0.53%
ES	D	0.52%
CBOE	B	0.5%
WDC	D	0.5%
K	A	0.49%
GEV	B	0.46%
MCHP	D	0.44%
ZBRA	B	0.44%
MKC	D	0.44%
NTRS	A	0.43%
IR	B	0.43%
BAX	D	0.41%
ESS	B	0.41%
BALL	D	0.4%
AVY	D	0.37%
WBD	C	0.36%
ROK	B	0.34%
GEN	B	0.34%
RVTY	F	0.33%
SWK	D	0.32%
AVTR	F	0.32%
CVNA	B	0.32%
DLTR	F	0.29%
WPC	D	0.27%
LDOS	C	0.27%
HUBB	B	0.25%
STE	F	0.24%
RPRX	D	0.23%
TRU	D	0.22%
MKL	A	0.21%
EL	F	0.17%
MRO	B	0.17%
TRMB	B	0.16%
EVRG	A	0.15%
MGM	D	0.09%
UDR	B	0.08%
BEN	C	0.07%
WBA	F	0.07%
AGR	B	0.06%
ALB	C	0.06%
FOX	A	0.06%

VOE Underweight 79 Positions Relative to FTA

Symbol	Grade	Weight
GM	B	-1.13%
EOG	A	-0.97%
CVX	A	-0.96%
RS	B	-0.94%
COP	C	-0.94%
CTRA	B	-0.93%
F	C	-0.92%
VLO	C	-0.91%
CMCSA	B	-0.91%
XOM	B	-0.9%
WFC	A	-0.9%
T	A	-0.89%
DVN	F	-0.88%
PSX	C	-0.87%
TOL	B	-0.87%
COF	B	-0.86%
OXY	D	-0.86%
MPC	D	-0.85%
EQT	B	-0.82%
BG	F	-0.8%
OC	A	-0.78%
CVS	D	-0.77%
SRE	A	-0.76%
C	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
FANG	D	-0.74%
SLB	C	-0.73%
ATO	A	-0.73%
ALLY	C	-0.71%
CB	C	-0.7%
APTV	D	-0.66%
ON	D	-0.65%
MS	A	-0.65%
VZ	C	-0.64%
CHTR	C	-0.62%
BAC	A	-0.59%
TDY	B	-0.56%
TRV	B	-0.56%
USB	A	-0.56%
AFL	B	-0.5%
ULTA	F	-0.5%
TGT	F	-0.5%
DUK	C	-0.49%
BLDR	D	-0.48%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
KHC	F	-0.46%
DIS	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
CSCO	B	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
CSX	B	-0.36%
HSY	F	-0.33%
JNJ	D	-0.33%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
ELV	F	-0.27%
PYPL	B	-0.19%
ODFL	B	-0.19%
ACN	C	-0.18%
APD	A	-0.18%
IEX	B	-0.18%
GD	F	-0.17%
PEP	F	-0.17%
UPS	C	-0.17%
NDSN	B	-0.17%
LOW	D	-0.17%
HD	A	-0.17%
SBUX	A	-0.17%
LMT	D	-0.16%
CI	F	-0.16%
MDT	D	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%