FJP vs. TDI ETF Comparison

Comparison of First Trust Japan AlphaDEX Fund (FJP) to Touchstone Dynamic International ETF (TDI)

FJP

First Trust Japan AlphaDEX Fund

FJP 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 Japan Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in 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 Japan BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.65

Average Daily Volume

9,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TDI

Touchstone Dynamic International ETF

TDI Description

TDI provides broad exposure to the global equity markets outside the US. The fund may include common and preferred stocks, depositary receipts, REITs, as well as other exchange-traded funds. To construct the portfolio, the funds sub-adviser employs the Dynamic Alpha Stock Selection Model, a proprietary quantitative model that seeks to construct a risk-controlled, forward-looking portfolio that adapts to changing market conditions. The model estimates returns based on each securitys risk characteristics through a three-step process that utilizes fundamental data and statistical tools. An optimization process is then used to identify the portfolio of around 100-140 securities with the highest expected return for an acceptable level of risk. The fund rebalances periodically. On December 11, 2023, TDI converted from a mutual fund to an actively managed ETF with $62 million in assets.

Grade (RS Rating)

Last Trade

$29.28

Average Daily Volume

3,704

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FJP	TDI
30 Days	0.49%	-2.79%
60 Days	-3.30%	-3.11%
90 Days	-3.44%	-3.30%
12 Months	6.36%

1 Overlapping Holdings

	Symbol	Grade	Weight in FJP	Weight in TDI	Overlap
	MUFG	B	1.46%	1.19%	1.19%

FJP Overweight 5 Positions Relative to TDI

Symbol	Grade	Weight
MFG	A	1.93%
SMFG	B	1.76%
NMR	B	1.36%
HMC	F	1.35%
AGCO	D	0.32%

FJP Underweight 8 Positions Relative to TDI

Symbol	Grade	Weight
NVS	F	-2.15%
SE	A	-2.13%
XRX	F	-1.52%
BAP	A	-1.43%
GOLD	C	-1.35%
PDD	F	-0.84%
SCCO	F	-0.69%
HSBH	B	-0.43%