FNK vs. EIPI ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to FT Energy Income Partners Enhanced Income ETF (EIPI)

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid 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 MidCap 400(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

$57.37

Average Daily Volume

9,876

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

EIPI

FT Energy Income Partners Enhanced Income ETF

EIPI Description

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of, and/or investments that provide exposure to, Energy Companies. The fund"s investments will be concentrated (i.e., invest more than 25% of fund assets) in any one industry or group of industries constituting the energy sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.65

Average Daily Volume

91,951

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNK	EIPI
30 Days	7.85%	6.22%
60 Days	5.62%	6.50%
90 Days	5.60%	9.05%
12 Months	27.99%

9 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in EIPI	Overlap
EVRG	A	0.6%	0.56%	0.56%
FLR	B	0.16%	0.26%	0.16%
HP	B	0.8%	0.22%	0.22%
IDA	A	0.33%	0.21%	0.21%
NFG	A	0.59%	1.43%	0.59%
NOV	C	0.72%	0.38%	0.38%
OGS	A	0.45%	0.78%	0.45%
UGI	A	0.71%	0.23%	0.23%
WTRG	B	0.29%	0.25%	0.25%

FNK Overweight 214 Positions Relative to EIPI

Symbol	Grade	Weight
CNX	A	0.87%
MTDR	B	0.86%
OVV	B	0.85%
AGO	B	0.84%
NOG	A	0.84%
SM	B	0.81%
JXN	C	0.8%
OSK	B	0.79%
TAP	C	0.78%
PTEN	C	0.78%
CMC	B	0.78%
AL	B	0.77%
HCC	B	0.76%
ATKR	C	0.75%
AMG	B	0.75%
CIVI	D	0.74%
AMR	C	0.74%
PBF	D	0.73%
PVH	C	0.72%
CHRD	D	0.72%
URBN	C	0.72%
UNM	A	0.71%
MUR	D	0.71%
NFE	D	0.71%
RDN	C	0.71%
TMHC	B	0.71%
TEX	D	0.71%
DINO	D	0.7%
MTG	C	0.7%
RNR	C	0.69%
LAD	A	0.68%
CADE	B	0.68%
BWA	D	0.68%
LBRT	D	0.67%
G	B	0.66%
DAR	C	0.66%
RUSHA	C	0.66%
TPH	D	0.66%
APA	D	0.66%
OZK	B	0.65%
MGY	A	0.65%
DDS	B	0.65%
MHO	D	0.65%
LBRDK	C	0.65%
R	B	0.64%
CNO	A	0.64%
LNC	B	0.64%
RRC	B	0.64%
MTH	D	0.63%
MATX	C	0.63%
BEN	C	0.63%
ESNT	D	0.63%
LEA	D	0.63%
HOG	D	0.62%
FMC	D	0.61%
GPI	A	0.61%
JAZZ	B	0.61%
COOP	B	0.61%
BKH	A	0.6%
PNW	B	0.6%
ADTN	A	0.6%
SR	A	0.59%
HRI	B	0.59%
OTTR	C	0.59%
GBDC	C	0.59%
AAP	C	0.59%
ASO	F	0.58%
BCC	B	0.58%
FHN	A	0.57%
BBWI	D	0.57%
HST	C	0.57%
KRC	C	0.57%
SOLV	C	0.56%
MOS	F	0.56%
M	D	0.56%
AVT	C	0.56%
WBS	A	0.56%
POR	C	0.56%
DXC	B	0.55%
MDU	D	0.55%
SUM	B	0.54%
ZION	B	0.54%
CNXC	F	0.53%
SIG	B	0.53%
KBH	D	0.52%
WCC	B	0.52%
FNB	A	0.51%
ALK	C	0.51%
OMF	A	0.51%
COLB	A	0.51%
CLF	F	0.51%
UHS	D	0.5%
ARW	D	0.5%
SANM	B	0.49%
VLY	B	0.49%
GMS	B	0.48%
AMKR	D	0.48%
BYD	C	0.48%
ABG	B	0.47%
AXS	A	0.47%
SWX	B	0.46%
OGE	B	0.46%
BERY	B	0.46%
JBL	B	0.46%
GL	B	0.45%
WHR	B	0.45%
INGR	B	0.44%
RIG	D	0.44%
NXST	C	0.43%
PAG	B	0.43%
THO	B	0.43%
SNX	C	0.42%
POST	C	0.41%
ENS	D	0.41%
BC	C	0.41%
LKQ	D	0.41%
SJM	D	0.4%
SON	D	0.4%
AN	C	0.4%
EMN	D	0.4%
WU	D	0.39%
ASH	D	0.38%
OLN	D	0.37%
BECN	B	0.36%
AEO	F	0.35%
PII	D	0.35%
WTFC	A	0.35%
MLI	C	0.35%
SEIC	B	0.34%
OGN	D	0.34%
UBSI	B	0.33%
CMA	A	0.33%
HGV	B	0.33%
PB	A	0.33%
CRC	B	0.32%
ACA	A	0.32%
BOKF	B	0.32%
ABCB	B	0.32%
HII	D	0.32%
AIZ	A	0.32%
VNT	B	0.32%
AR	B	0.32%
HWC	B	0.32%
SLM	A	0.31%
ORI	A	0.31%
LPX	B	0.31%
PNM	F	0.31%
SLGN	A	0.3%
KNX	B	0.3%
CUZ	B	0.3%
MIDD	C	0.29%
COLM	B	0.29%
JWN	C	0.29%
KFY	B	0.29%
CRL	C	0.28%
MSM	C	0.28%
AGCO	D	0.28%
FIVE	F	0.28%
ALKS	B	0.28%
UFPI	B	0.28%
ASGN	F	0.27%
REYN	D	0.26%
TKR	D	0.26%
WPC	D	0.26%
TNET	D	0.26%
SKX	D	0.26%
MMS	F	0.25%
IPG	D	0.25%
DIOD	D	0.24%
UHAL	D	0.24%
PNFP	B	0.18%
UMBF	B	0.17%
EPAM	C	0.17%
JEF	A	0.17%
TPR	B	0.17%
SSB	B	0.16%
RHI	B	0.16%
AUB	B	0.16%
GXO	B	0.16%
UCB	A	0.16%
AVNT	B	0.15%
FELE	B	0.15%
HSIC	B	0.15%
WTS	B	0.15%
SKY	A	0.15%
PRGO	B	0.15%
NJR	A	0.15%
VOYA	B	0.15%
WAL	B	0.15%
ALIT	C	0.15%
AFG	A	0.15%
DNB	B	0.15%
SEM	B	0.15%
BJ	A	0.15%
MUSA	A	0.15%
PFGC	B	0.15%
RYN	D	0.14%
FUL	F	0.14%
WD	D	0.14%
TTC	D	0.14%
MGM	D	0.14%
BPOP	B	0.14%
STWD	C	0.14%
SEE	C	0.14%
MAT	D	0.14%
LSTR	D	0.14%
FAF	A	0.14%
IVZ	B	0.14%
CZR	F	0.13%
IAC	D	0.13%
LFUS	F	0.13%
FBIN	D	0.12%
NSP	D	0.12%
OPCH	D	0.1%

FNK Underweight 45 Positions Relative to EIPI

Symbol	Grade	Weight
EPD	A	-8.79%
OKE	A	-6.36%
ET	A	-5.86%
MPLX	A	-4.24%
KMI	A	-4.1%
DTM	B	-3.66%
WMB	A	-3.37%
TTE	F	-3.36%
PAGP	A	-3.06%
PEG	A	-3.04%
XOM	B	-2.94%
CQP	B	-2.83%
SRE	A	-2.65%
TRGP	B	-2.59%
LNG	B	-2.46%
AEP	D	-1.97%
BP	D	-1.46%
PPL	B	-1.38%
NEE	D	-1.34%
DTE	C	-1.18%
EQT	B	-1.18%
PAA	B	-1.12%
HESM	B	-1.1%
PWR	A	-1.1%
DUK	C	-1.08%
AES	F	-1.0%
SO	D	-0.93%
WLKP	A	-0.91%
SLB	C	-0.86%
HAL	C	-0.85%
NEP	F	-0.81%
CWEN	C	-0.76%
SUN	B	-0.75%
CNP	B	-0.75%
XEL	A	-0.66%
ETR	B	-0.6%
D	C	-0.53%
AROC	B	-0.52%
CMS	C	-0.47%
VST	B	-0.41%
AEE	A	-0.29%
USAC	B	-0.29%
ATO	A	-0.17%
CEG	D	-0.11%
WEC	A	-0.06%