FNK vs. ITAN ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to Sparkline Intangible Value ETF (ITAN)

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

$50.12

Average Daily Volume

14,857

Number of Holdings ^*

220

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$28.63

Average Daily Volume

2,473

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	FNK	ITAN
30 Days	-3.33%	1.91%
60 Days	-4.57%	2.21%
90 Days	-4.84%	0.39%
12 Months	12.97%	20.71%

23 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in ITAN	Overlap
AGCO	F	0.66%	0.25%	0.25%
ALK	F	0.45%	0.22%	0.22%
ALLY	B	0.62%	0.38%	0.38%
ARW	D	0.74%	0.25%	0.25%
BWA	F	0.59%	0.23%	0.23%
CACI	B	0.18%	0.41%	0.18%
CIEN	F	0.16%	0.36%	0.16%
EMN	D	0.46%	0.34%	0.34%
G	D	0.62%	0.23%	0.23%
GPS	C	0.14%	0.26%	0.14%
HOG	F	0.49%	0.21%	0.21%
IP	C	0.35%	0.33%	0.33%
IVZ	D	0.14%	0.24%	0.14%
JAZZ	F	0.43%	0.27%	0.27%
JLL	B	0.17%	0.36%	0.17%
M	C	0.45%	0.19%	0.19%
NOV	D	0.77%	0.25%	0.25%
PII	F	0.37%	0.28%	0.28%
RHI	F	0.13%	0.21%	0.13%
SAIC	D	0.29%	0.31%	0.29%
TAP	F	0.48%	0.28%	0.28%
TPR	C	0.42%	0.3%	0.3%
WHR	C	0.27%	0.3%	0.27%

FNK Overweight 197 Positions Relative to ITAN

Symbol	Grade	Weight
MATX	B	0.92%
UTHR	B	0.88%
AVT	D	0.82%
NFG	D	0.81%
GPI	D	0.8%
WTM	D	0.79%
ESGR	A	0.79%
SEB	F	0.78%
RRC	D	0.78%
LBRT	D	0.78%
KBH	D	0.78%
ABG	D	0.77%
VAL	B	0.77%
CNXC	C	0.76%
MTG	B	0.76%
NOG	C	0.76%
RNR	D	0.76%
CHRD	C	0.75%
ESNT	C	0.75%
MTH	D	0.74%
CHK	D	0.74%
AL	C	0.74%
ADTN	D	0.73%
MOS	F	0.73%
CMC	D	0.73%
RDN	B	0.73%
FMC	F	0.72%
OVV	D	0.72%
MUR	D	0.72%
AGO	D	0.71%
JXN	C	0.71%
TMHC	D	0.71%
BTU	C	0.71%
SIG	D	0.71%
MTDR	D	0.71%
DINO	D	0.7%
IAC	F	0.7%
MHO	D	0.7%
SM	D	0.69%
APA	F	0.68%
HP	D	0.68%
PTEN	F	0.68%
LAD	F	0.67%
ALE	C	0.67%
MLI	C	0.67%
COOP	D	0.67%
SANM	C	0.67%
FYBR	B	0.67%
OGE	C	0.66%
R	B	0.65%
POR	D	0.65%
EVRG	D	0.64%
PBF	F	0.63%
URBN	C	0.63%
COLB	D	0.63%
BKH	D	0.63%
MDU	C	0.63%
CADE	D	0.62%
BERY	D	0.62%
MGY	B	0.62%
OGS	C	0.62%
AN	D	0.61%
TPH	D	0.61%
ONB	B	0.61%
LBRDK	C	0.6%
UNM	D	0.6%
AMG	D	0.59%
AMKR	B	0.58%
SON	F	0.57%
DTM	B	0.56%
OZK	D	0.56%
KRC	F	0.55%
VLY	F	0.54%
AR	D	0.54%
BYD	C	0.53%
ENS	C	0.53%
TEX	D	0.53%
OGN	C	0.52%
RUSHA	F	0.51%
LEA	F	0.5%
DAR	F	0.5%
NI	B	0.5%
UHS	C	0.5%
ASO	F	0.5%
ABCB	C	0.49%
PNW	C	0.49%
SNX	D	0.49%
CVI	F	0.48%
HWC	C	0.48%
BOKF	D	0.47%
FHN	C	0.46%
ZION	C	0.46%
CUZ	D	0.45%
FNB	C	0.45%
OMF	D	0.45%
WAL	B	0.45%
PAG	D	0.44%
DDS	D	0.44%
WTFC	D	0.44%
IPGP	D	0.44%
WCC	D	0.44%
NXST	B	0.44%
DXC	C	0.43%
UFPI	D	0.43%
CZR	C	0.43%
CMA	C	0.42%
KNX	C	0.42%
WU	D	0.41%
CAR	F	0.41%
KEX	B	0.4%
OSK	D	0.4%
OLN	F	0.39%
WBS	D	0.39%
GMS	D	0.39%
BCC	F	0.37%
SEM	A	0.37%
SKX	C	0.36%
PVH	F	0.36%
AXS	C	0.35%
LFUS	C	0.34%
CROX	C	0.33%
ATKR	F	0.33%
CLF	D	0.32%
NJR	D	0.32%
IDA	D	0.32%
ORI	D	0.32%
WTRG	C	0.32%
LNT	B	0.32%
HOMB	D	0.31%
COLM	D	0.31%
ASH	D	0.31%
CACC	B	0.31%
BPOP	D	0.31%
BECN	D	0.3%
SLM	D	0.3%
UMBF	C	0.3%
SNV	B	0.3%
SWX	D	0.3%
SEIC	D	0.29%
BXMT	C	0.29%
PNFP	D	0.29%
DNB	F	0.29%
EWBC	D	0.29%
TKR	D	0.29%
PB	D	0.29%
RYN	D	0.28%
HUN	F	0.28%
SSB	D	0.28%
SLGN	D	0.28%
UBSI	D	0.28%
HGV	D	0.27%
ASGN	D	0.27%
HII	D	0.27%
GT	F	0.26%
BBWI	F	0.25%
THO	D	0.25%
PRGO	F	0.25%
BC	F	0.23%
CRUS	A	0.22%
GMED	B	0.21%
THC	C	0.21%
JEF	B	0.18%
BJ	B	0.18%
PENN	C	0.17%
EHC	B	0.17%
MMS	B	0.17%
RGA	C	0.17%
AGNC	A	0.16%
DKS	C	0.16%
LPX	D	0.16%
USFD	C	0.16%
REYN	D	0.16%
AVNT	D	0.16%
NEOG	C	0.16%
PFSI	B	0.16%
SF	B	0.16%
TFX	C	0.15%
AFG	D	0.15%
GXO	F	0.15%
BXP	C	0.15%
NYCB	D	0.15%
SEE	F	0.15%
LSTR	D	0.15%
FUL	D	0.15%
CCK	F	0.15%
HSIC	D	0.14%
SIGI	F	0.14%
FAF	D	0.14%
AIZ	D	0.14%
VNO	C	0.14%
AYI	D	0.14%
LANC	B	0.14%
SKY	F	0.13%
SUM	D	0.13%
MIDD	F	0.12%
AEO	F	0.12%
GL	D	0.11%

FNK Underweight 126 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	A	-4.35%
META	A	-3.05%
ORCL	A	-2.45%
GOOGL	A	-2.15%
GOOG	A	-2.14%
CRM	C	-1.98%
QCOM	B	-1.82%
CSCO	D	-1.72%
IBM	B	-1.61%
ACN	D	-1.54%
T	B	-1.54%
INTC	C	-1.46%
WFC	C	-1.42%
PFE	C	-1.39%
VZ	B	-1.38%
DELL	C	-1.35%
TMUS	B	-1.25%
MDT	D	-1.15%
RTX	D	-1.15%
BA	C	-1.15%
HON	B	-1.12%
DIS	D	-1.11%
TGT	D	-1.09%
GE	D	-1.02%
FDX	B	-1.0%
CMCSA	F	-0.99%
CVS	D	-0.93%
UBER	B	-0.92%
COF	D	-0.91%
LMT	C	-0.91%
PANW	B	-0.91%
NOC	D	-0.9%
F	B	-0.9%
GM	B	-0.87%
GILD	C	-0.85%
PYPL	D	-0.84%
MMM	B	-0.83%
CMI	D	-0.82%
BMY	F	-0.82%
NXPI	B	-0.79%
CTSH	C	-0.75%
GD	D	-0.74%
SQ	C	-0.74%
HPQ	C	-0.73%
ALL	D	-0.7%
SNAP	B	-0.7%
CHTR	C	-0.69%
EBAY	B	-0.68%
NTAP	A	-0.66%
BDX	F	-0.65%
CNC	D	-0.65%
LHX	B	-0.65%
WDC	B	-0.64%
HUM	C	-0.63%
WDAY	D	-0.62%
JCI	D	-0.6%
HPE	C	-0.6%
DASH	C	-0.57%
GLW	B	-0.56%
PRU	B	-0.55%
TEL	B	-0.55%
DAL	D	-0.55%
J	D	-0.54%
LDOS	B	-0.52%
BAX	C	-0.52%
BIIB	C	-0.51%
BAH	C	-0.51%
UAL	D	-0.5%
CAH	D	-0.49%
BBY	C	-0.49%
EXPE	C	-0.48%
DD	C	-0.48%
OKTA	C	-0.48%
EA	B	-0.48%
KR	C	-0.48%
PSTG	B	-0.47%
NTNX	C	-0.47%
CVNA	B	-0.46%
ZBRA	C	-0.46%
JNPR	B	-0.45%
VTRS	D	-0.45%
HAL	F	-0.45%
ILMN	D	-0.44%
DOCU	C	-0.44%
ZS	B	-0.43%
ROK	D	-0.42%
FFIV	C	-0.41%
WBD	F	-0.41%
DGX	C	-0.4%
TWLO	D	-0.39%
ACM	D	-0.39%
DVA	C	-0.39%
ROKU	C	-0.38%
DBX	D	-0.37%
AKAM	F	-0.37%
ZM	F	-0.37%
JBL	F	-0.36%
Z	C	-0.35%
WRK	C	-0.35%
AAL	F	-0.35%
SWKS	C	-0.33%
ACI	F	-0.33%
APTV	F	-0.33%
WBA	F	-0.32%
TRMB	C	-0.32%
TRU	C	-0.32%
W	D	-0.31%
LUV	D	-0.31%
LYFT	F	-0.29%
EXAS	D	-0.29%
SWK	D	-0.28%
QRVO	B	-0.28%
ETSY	F	-0.27%
HAS	D	-0.27%
DOX	D	-0.26%
ELAN	D	-0.26%
PARA	C	-0.25%
HRB	B	-0.24%
MASI	F	-0.23%
MAT	F	-0.22%
PATH	D	-0.22%
U	F	-0.22%
MTCH	F	-0.21%
RUN	F	-0.2%
BOX	D	-0.17%
KSS	F	-0.15%