FDL vs. FTA ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.73

Average Daily Volume

453,977

Number of Holdings ^*

* 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

$78.91

Average Daily Volume

32,437

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	FDL	FTA
30 Days	2.36%	2.00%
60 Days	4.21%	3.14%
90 Days	11.05%	7.84%
12 Months	30.46%	23.39%

38 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in FTA	Overlap
AEE	B	0.56%	0.79%	0.56%
AEP	C	1.41%	0.78%	0.78%
BBY	A	0.55%	0.57%	0.55%
BEN	F	0.22%	0.63%	0.22%
CAG	B	0.49%	0.77%	0.49%
CFG	D	0.6%	0.79%	0.6%
CVS	D	2.13%	0.83%	0.83%
CVX	F	7.41%	0.78%	0.78%
DOW	C	1.21%	0.34%	0.34%
DUK	B	2.36%	0.56%	0.56%
EIX	B	0.9%	0.58%	0.58%
ETR	A	0.74%	1.0%	0.74%
EXC	B	1.12%	0.95%	0.95%
F	F	1.4%	0.73%	0.73%
FANG	F	0.83%	0.76%	0.76%
FE	B	0.64%	0.55%	0.55%
FITB	B	0.76%	0.59%	0.59%
FNF	B	0.4%	0.41%	0.4%
HBAN	B	0.71%	0.76%	0.71%
IPG	C	0.34%	0.73%	0.34%
K	A	0.53%	0.23%	0.23%
KEY	C	0.64%	0.41%	0.41%
KHC	C	1.0%	0.73%	0.73%
KMB	C	1.12%	0.17%	0.17%
KMI	C	1.61%	0.73%	0.73%
LYB	D	0.85%	0.68%	0.68%
OKE	C	1.77%	0.39%	0.39%
PNC	C	1.98%	0.4%	0.4%
PRU	C	1.3%	0.17%	0.17%
RF	B	0.72%	0.57%	0.57%
SJM	C	0.32%	0.74%	0.32%
STT	B	0.67%	0.59%	0.59%
TROW	C	0.67%	0.64%	0.64%
UPS	D	3.02%	0.32%	0.32%
USB	C	2.36%	0.57%	0.57%
VZ	A	8.11%	0.72%	0.72%
WEC	B	0.82%	0.59%	0.59%
XEL	B	0.93%	0.81%	0.81%

FDL Overweight 61 Positions Relative to FTA

Symbol	Grade	Weight
ABBV	B	8.37%
PFE	D	6.7%
PM	C	6.17%
IBM	B	5.1%
MO	C	4.84%
GILD	B	3.28%
TFC	D	2.12%
ES	B	0.75%
CLX	C	0.48%
EVRG	B	0.44%
SWK	B	0.4%
LNT	A	0.39%
OMF	D	0.32%
CMA	C	0.31%
HAS	B	0.3%
CNH	C	0.3%
PNW	C	0.3%
WHR	C	0.28%
COLB	B	0.27%
OGE	B	0.25%
FHN	D	0.23%
MTN	D	0.23%
UGI	B	0.22%
FMC	B	0.21%
LNC	C	0.2%
WU	C	0.19%
SNV	D	0.18%
FAF	B	0.18%
ZION	D	0.18%
VLY	D	0.17%
UBSI	D	0.16%
NXST	D	0.15%
JHG	B	0.15%
BKH	B	0.14%
FIBK	C	0.14%
POR	B	0.14%
OZK	F	0.13%
FLO	C	0.13%
SR	B	0.13%
WEN	C	0.12%
APAM	C	0.12%
NJR	C	0.12%
AVA	B	0.11%
ALE	A	0.11%
OGS	B	0.11%
NWE	A	0.11%
MSM	D	0.1%
PRGO	F	0.1%
FHB	D	0.1%
PNM	B	0.1%
TNL	C	0.09%
ASB	D	0.09%
MAN	C	0.09%
FHI	B	0.08%
CATY	C	0.08%
CC	D	0.08%
CRI	D	0.08%
SMG	B	0.08%
LCII	C	0.08%
AGR	C	0.08%
GEF	C	0.01%

FDL Underweight 148 Positions Relative to FTA

Symbol	Grade	Weight
DHI	C	-1.18%
LEN	B	-1.08%
FOXA	B	-0.99%
GPN	D	-0.98%
CINF	C	-0.97%
BRK.A	C	-0.95%
T	B	-0.94%
CF	B	-0.94%
ACGL	B	-0.93%
UAL	B	-0.91%
SYF	C	-0.91%
GM	C	-0.88%
ADM	D	-0.87%
EG	B	-0.86%
CMCSA	C	-0.86%
MKL	C	-0.85%
EOG	D	-0.84%
APTV	D	-0.84%
MPC	F	-0.81%
CE	D	-0.81%
COP	F	-0.81%
MTB	C	-0.8%
UHAL	B	-0.8%
ATO	B	-0.79%
PSX	F	-0.79%
EQT	C	-0.79%
BG	F	-0.79%
EBAY	B	-0.79%
NUE	D	-0.79%
HIG	B	-0.78%
STLD	C	-0.78%
CB	B	-0.77%
CNC	D	-0.77%
ED	B	-0.77%
WBD	D	-0.76%
HPE	C	-0.75%
VTRS	D	-0.75%
PCG	C	-0.75%
SNA	B	-0.74%
CTRA	F	-0.74%
COF	B	-0.74%
CTSH	B	-0.74%
VLO	F	-0.74%
DVN	F	-0.73%
L	D	-0.71%
LNG	D	-0.7%
OC	C	-0.69%
OXY	F	-0.69%
XOM	D	-0.68%
AIG	D	-0.67%
RS	D	-0.67%
LKQ	F	-0.66%
WFC	D	-0.63%
HAL	F	-0.59%
AFL	A	-0.59%
D	C	-0.58%
GIS	B	-0.58%
CMS	B	-0.57%
ZM	C	-0.56%
DGX	B	-0.56%
WPC	C	-0.56%
EQR	C	-0.55%
DTE	A	-0.55%
TDY	B	-0.55%
JBHT	D	-0.54%
DE	A	-0.54%
KR	B	-0.54%
INCY	C	-0.54%
CHTR	D	-0.54%
SRE	B	-0.53%
BKR	C	-0.51%
TXT	D	-0.51%
LUV	C	-0.5%
JBL	C	-0.5%
BAC	D	-0.5%
TEL	D	-0.49%
C	C	-0.49%
FDX	D	-0.49%
ZBH	F	-0.48%
CRBG	C	-0.47%
SWKS	F	-0.46%
CNP	C	-0.45%
PYPL	B	-0.45%
HCA	B	-0.42%
LMT	A	-0.41%
SSNC	C	-0.41%
MOH	D	-0.4%
PKG	B	-0.4%
WY	C	-0.4%
LOW	B	-0.4%
KIM	C	-0.4%
OMC	B	-0.39%
NEE	B	-0.39%
TRV	C	-0.39%
KDP	B	-0.38%
CPB	C	-0.38%
JNJ	C	-0.38%
PEG	B	-0.38%
MDT	B	-0.38%
WRB	D	-0.37%
GS	B	-0.37%
APD	B	-0.37%
TGT	C	-0.36%
DOV	B	-0.36%
HSY	D	-0.36%
CSCO	B	-0.36%
PPG	C	-0.35%
MS	B	-0.35%
ARE	C	-0.35%
EPAM	F	-0.35%
HRL	F	-0.35%
INTC	D	-0.34%
GPC	D	-0.34%
HPQ	C	-0.33%
CBRE	B	-0.22%
KVUE	B	-0.21%
POOL	C	-0.2%
VTR	C	-0.2%
MDLZ	C	-0.19%
WMT	B	-0.19%
MAA	C	-0.19%
AWK	C	-0.19%
MKC	C	-0.19%
TRGP	C	-0.19%
BLK	B	-0.19%
J	A	-0.18%
NKE	D	-0.18%
TSN	D	-0.18%
CI	C	-0.18%
CTVA	B	-0.18%
PFG	B	-0.18%
REGN	D	-0.18%
ABT	C	-0.18%
CMI	B	-0.18%
JCI	B	-0.18%
TSCO	B	-0.17%
LHX	C	-0.17%
DD	B	-0.17%
SYY	C	-0.17%
GD	C	-0.17%
ELV	D	-0.16%
RJF	C	-0.16%
EXPD	B	-0.16%
WLK	C	-0.16%
HUM	F	-0.14%
BIIB	F	-0.14%
QCOM	D	-0.14%
DG	F	-0.11%