FNK vs. IYF ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to iShares U.S. Financial ETF (IYF)

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

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$117.73

Average Daily Volume

282,895

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	FNK	IYF
30 Days	7.85%	8.74%
60 Days	5.62%	13.46%
90 Days	5.60%	15.36%
12 Months	27.99%	50.79%

33 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in IYF	Overlap
AFG	A	0.15%	0.17%	0.15%
AGO	B	0.84%	0.08%	0.08%
AIZ	A	0.32%	0.19%	0.19%
AMG	B	0.75%	0.1%	0.1%
AXS	A	0.47%	0.12%	0.12%
BEN	C	0.63%	0.11%	0.11%
BOKF	B	0.32%	0.04%	0.04%
BPOP	B	0.14%	0.12%	0.12%
CMA	A	0.33%	0.14%	0.14%
COLB	A	0.51%	0.11%	0.11%
FAF	A	0.14%	0.11%	0.11%
FHN	A	0.57%	0.19%	0.19%
FNB	A	0.51%	0.1%	0.1%
GL	B	0.45%	0.17%	0.17%
IVZ	B	0.14%	0.11%	0.11%
JEF	A	0.17%	0.22%	0.17%
LNC	B	0.64%	0.07%	0.07%
MTG	C	0.7%	0.11%	0.11%
OMF	A	0.51%	0.11%	0.11%
ORI	A	0.31%	0.16%	0.16%
OZK	B	0.65%	0.09%	0.09%
PB	A	0.33%	0.12%	0.12%
PNFP	B	0.18%	0.16%	0.16%
RNR	C	0.69%	0.22%	0.22%
SEIC	B	0.34%	0.13%	0.13%
SLM	A	0.31%	0.09%	0.09%
STWD	C	0.14%	0.1%	0.1%
UNM	A	0.71%	0.21%	0.21%
VOYA	B	0.15%	0.14%	0.14%
WAL	B	0.15%	0.16%	0.15%
WBS	A	0.56%	0.18%	0.18%
WTFC	A	0.35%	0.15%	0.15%
ZION	B	0.54%	0.14%	0.14%

FNK Overweight 190 Positions Relative to IYF

Symbol	Grade	Weight
CNX	A	0.87%
MTDR	B	0.86%
OVV	B	0.85%
NOG	A	0.84%
SM	B	0.81%
JXN	C	0.8%
HP	B	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%
CIVI	D	0.74%
AMR	C	0.74%
PBF	D	0.73%
PVH	C	0.72%
CHRD	D	0.72%
NOV	C	0.72%
URBN	C	0.72%
UGI	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%
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%
MGY	A	0.65%
DDS	B	0.65%
MHO	D	0.65%
LBRDK	C	0.65%
R	B	0.64%
CNO	A	0.64%
RRC	B	0.64%
MTH	D	0.63%
MATX	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%
EVRG	A	0.6%
BKH	A	0.6%
PNW	B	0.6%
ADTN	A	0.6%
SR	A	0.59%
HRI	B	0.59%
OTTR	C	0.59%
NFG	A	0.59%
GBDC	C	0.59%
AAP	C	0.59%
ASO	F	0.58%
BCC	B	0.58%
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%
POR	C	0.56%
DXC	B	0.55%
MDU	D	0.55%
SUM	B	0.54%
CNXC	F	0.53%
SIG	B	0.53%
KBH	D	0.52%
WCC	B	0.52%
ALK	C	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%
SWX	B	0.46%
OGE	B	0.46%
BERY	B	0.46%
JBL	B	0.46%
OGS	A	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%
MLI	C	0.35%
OGN	D	0.34%
UBSI	B	0.33%
HGV	B	0.33%
IDA	A	0.33%
CRC	B	0.32%
ACA	A	0.32%
ABCB	B	0.32%
HII	D	0.32%
VNT	B	0.32%
AR	B	0.32%
HWC	B	0.32%
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%
WTRG	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%
UMBF	B	0.17%
EPAM	C	0.17%
TPR	B	0.17%
SSB	B	0.16%
RHI	B	0.16%
FLR	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%
ALIT	C	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%
SEE	C	0.14%
MAT	D	0.14%
LSTR	D	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 102 Positions Relative to IYF

Symbol	Grade	Weight
BRK.A	B	-11.69%
JPM	A	-9.82%
BAC	A	-4.69%
WFC	A	-4.36%
GS	A	-3.13%
SPGI	C	-2.63%
MS	A	-2.6%
BLK	C	-2.59%
PGR	A	-2.5%
C	A	-2.2%
BX	A	-2.14%
SCHW	B	-2.01%
CB	C	-1.95%
MMC	B	-1.83%
KKR	A	-1.69%
ICE	C	-1.48%
APO	B	-1.43%
PNC	B	-1.38%
CME	A	-1.35%
USB	A	-1.3%
MCO	B	-1.25%
AON	A	-1.24%
AJG	B	-1.07%
AFL	B	-1.04%
TFC	A	-1.04%
COIN	C	-1.01%
TRV	B	-1.0%
BK	A	-0.97%
AMP	A	-0.94%
ALL	A	-0.86%
MET	A	-0.82%
AIG	B	-0.82%
PRU	A	-0.77%
MSCI	C	-0.76%
DFS	B	-0.74%
ACGL	D	-0.61%
MTB	A	-0.6%
HIG	B	-0.58%
FITB	A	-0.54%
NDAQ	A	-0.54%
WTW	B	-0.53%
RJF	A	-0.51%
ARES	A	-0.51%
STT	A	-0.48%
FCNCA	A	-0.45%
BR	A	-0.45%
TROW	B	-0.44%
BRO	B	-0.44%
HBAN	A	-0.43%
RF	A	-0.41%
CINF	A	-0.39%
LPLA	A	-0.39%
MKL	A	-0.37%
NTRS	A	-0.36%
HOOD	B	-0.36%
CFG	B	-0.35%
CBOE	B	-0.35%
PFG	D	-0.33%
IBKR	A	-0.32%
FDS	B	-0.31%
KEY	B	-0.3%
WRB	A	-0.3%
EG	C	-0.27%
L	A	-0.26%
RGA	A	-0.26%
FNF	B	-0.25%
TW	A	-0.25%
SOFI	A	-0.24%
EWBC	A	-0.24%
SF	B	-0.2%
EQH	B	-0.2%
CG	A	-0.19%
OWL	A	-0.19%
PRI	A	-0.18%
EVR	B	-0.18%
ALLY	C	-0.17%
NLY	C	-0.17%
KNSL	B	-0.17%
HLI	B	-0.16%
MKTX	D	-0.16%
MORN	B	-0.15%
CFR	B	-0.14%
SNV	B	-0.14%
CBSH	A	-0.14%
RYAN	B	-0.13%
AGNC	D	-0.12%
RLI	B	-0.12%
TPG	A	-0.1%
RITM	C	-0.1%
THG	A	-0.1%
JHG	A	-0.1%
LAZ	B	-0.1%
WTM	A	-0.09%
KMPR	B	-0.08%
BHF	B	-0.06%
FHB	A	-0.06%
CACC	D	-0.05%
VIRT	B	-0.05%
RKT	F	-0.03%
CNA	B	-0.02%
UWMC	D	-0.01%
TFSL	A	-0.01%