FNK vs. MDYV ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

$56.37

Average Daily Volume

10,011

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$84.47

Average Daily Volume

306,570

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	FNK	MDYV
30 Days	4.67%	5.14%
60 Days	4.34%	7.05%
90 Days	3.76%	7.90%
12 Months	25.77%	29.56%

112 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in MDYV	Overlap
AFG	A	0.15%	0.69%	0.15%
AGCO	D	0.26%	0.39%	0.26%
AMG	B	0.74%	0.38%	0.38%
AMKR	D	0.5%	0.2%	0.2%
AN	C	0.4%	0.3%	0.3%
AR	B	0.31%	0.6%	0.31%
ARW	D	0.51%	0.41%	0.41%
ASGN	F	0.3%	0.28%	0.28%
ASH	F	0.38%	0.26%	0.26%
AVNT	B	0.15%	0.32%	0.15%
AVT	C	0.58%	0.32%	0.32%
BC	C	0.42%	0.14%	0.14%
BERY	C	0.46%	0.51%	0.46%
BJ	A	0.15%	0.78%	0.15%
BKH	A	0.58%	0.29%	0.29%
CADE	B	0.69%	0.47%	0.47%
CLF	F	0.55%	0.37%	0.37%
CMC	B	0.8%	0.46%	0.46%
CNO	B	0.64%	0.28%	0.28%
CNXC	F	0.59%	0.13%	0.13%
COLB	B	0.51%	0.44%	0.44%
COLM	C	0.28%	0.1%	0.1%
CUZ	B	0.3%	0.32%	0.3%
DAR	C	0.65%	0.44%	0.44%
DINO	D	0.67%	0.46%	0.46%
ENS	F	0.41%	0.15%	0.15%
ESNT	F	0.61%	0.4%	0.4%
FAF	A	0.14%	0.45%	0.14%
FBIN	D	0.12%	0.38%	0.12%
FHN	A	0.55%	0.73%	0.55%
FLR	B	0.15%	0.59%	0.15%
FNB	A	0.5%	0.4%	0.4%
G	B	0.67%	0.5%	0.5%
GXO	B	0.16%	0.18%	0.16%
HGV	C	0.33%	0.07%	0.07%
HOG	D	0.6%	0.26%	0.26%
HWC	B	0.33%	0.17%	0.17%
IDA	A	0.32%	0.26%	0.26%
INGR	C	0.46%	0.42%	0.42%
JAZZ	B	0.64%	0.3%	0.3%
JEF	A	0.17%	0.8%	0.17%
JWN	D	0.28%	0.15%	0.15%
KBH	D	0.54%	0.19%	0.19%
KNX	C	0.31%	0.61%	0.31%
KRC	B	0.6%	0.28%	0.28%
LAD	A	0.68%	0.67%	0.67%
LEA	F	0.63%	0.36%	0.36%
LFUS	D	0.14%	0.13%	0.13%
LPX	B	0.29%	0.17%	0.17%
LSTR	D	0.14%	0.14%	0.14%
M	F	0.55%	0.29%	0.29%
MAT	D	0.14%	0.24%	0.14%
MIDD	C	0.28%	0.25%	0.25%
MMS	F	0.28%	0.09%	0.09%
MSM	C	0.3%	0.12%	0.12%
MTG	C	0.69%	0.27%	0.27%
MUR	D	0.7%	0.18%	0.18%
NFG	A	0.57%	0.37%	0.37%
NJR	A	0.14%	0.32%	0.14%
NOV	C	0.73%	0.43%	0.43%
NSP	F	0.13%	0.09%	0.09%
NXST	C	0.44%	0.34%	0.34%
OGE	A	0.45%	0.57%	0.45%
OGS	A	0.43%	0.28%	0.28%
OLN	F	0.39%	0.2%	0.2%
OPCH	D	0.1%	0.11%	0.1%
ORI	A	0.29%	0.6%	0.29%
OSK	C	0.79%	0.49%	0.49%
OZK	B	0.64%	0.16%	0.16%
PAG	B	0.42%	0.2%	0.2%
PB	B	0.32%	0.53%	0.32%
PBF	D	0.7%	0.21%	0.21%
PFGC	B	0.16%	0.9%	0.16%
PII	F	0.35%	0.24%	0.24%
PNFP	B	0.18%	0.38%	0.18%
PNM	B	0.29%	0.28%	0.28%
POR	C	0.56%	0.32%	0.32%
POST	C	0.4%	0.34%	0.34%
PRGO	C	0.14%	0.25%	0.14%
PVH	C	0.72%	0.39%	0.39%
R	B	0.64%	0.48%	0.48%
RNR	C	0.68%	0.41%	0.41%
RYN	D	0.13%	0.17%	0.13%
SEIC	B	0.33%	0.27%	0.27%
SLGN	A	0.29%	0.3%	0.29%
SLM	A	0.29%	0.21%	0.21%
SNX	D	0.43%	0.59%	0.43%
SON	F	0.39%	0.33%	0.33%
SR	A	0.55%	0.26%	0.26%
SSB	B	0.16%	0.55%	0.16%
STWD	C	0.14%	0.42%	0.14%
SWX	B	0.44%	0.31%	0.31%
TEX	F	0.74%	0.1%	0.1%
THO	B	0.44%	0.39%	0.39%
TKR	D	0.26%	0.2%	0.2%
TMHC	C	0.73%	0.49%	0.49%
TTC	C	0.14%	0.3%	0.14%
UBSI	B	0.33%	0.38%	0.33%
UGI	C	0.67%	0.34%	0.34%
UMBF	B	0.17%	0.37%	0.17%
UNM	A	0.67%	0.83%	0.67%
VLY	B	0.48%	0.32%	0.32%
VOYA	B	0.15%	0.32%	0.15%
WAL	B	0.15%	0.33%	0.15%
WBS	A	0.54%	0.69%	0.54%
WCC	B	0.53%	0.63%	0.53%
WHR	B	0.45%	0.42%	0.42%
WPC	C	0.25%	0.81%	0.25%
WTFC	A	0.35%	0.59%	0.35%
WTRG	B	0.29%	0.34%	0.29%
WU	F	0.38%	0.24%	0.24%
ZION	B	0.54%	0.59%	0.54%

FNK Overweight 111 Positions Relative to MDYV

Symbol	Grade	Weight
JXN	C	0.87%
CNX	A	0.86%
HP	C	0.85%
MTDR	B	0.82%
NOG	B	0.82%
ATKR	D	0.8%
PTEN	C	0.8%
HCC	B	0.79%
AGO	B	0.79%
SM	B	0.78%
OVV	B	0.78%
NFE	D	0.76%
AL	B	0.75%
TAP	C	0.74%
CIVI	D	0.73%
AMR	C	0.72%
URBN	C	0.72%
LBRDK	C	0.72%
CHRD	D	0.71%
RDN	D	0.7%
RUSHA	C	0.68%
MHO	D	0.68%
LBRT	D	0.67%
TPH	D	0.67%
BWA	D	0.67%
MATX	C	0.66%
MTH	D	0.65%
MGY	A	0.64%
APA	D	0.64%
LNC	C	0.64%
FMC	D	0.63%
RRC	B	0.63%
DXC	B	0.62%
COOP	B	0.62%
GPI	B	0.61%
ASO	F	0.61%
ADTN	A	0.6%
BEN	C	0.6%
HRI	C	0.6%
AAP	D	0.59%
OTTR	C	0.59%
MOS	F	0.59%
SOLV	D	0.58%
HST	C	0.58%
PNW	A	0.58%
DDS	B	0.57%
BCC	B	0.57%
EVRG	A	0.57%
GBDC	D	0.57%
BBWI	C	0.56%
SIG	B	0.54%
SUM	B	0.54%
MDU	D	0.53%
UHS	D	0.51%
SANM	B	0.51%
OMF	A	0.5%
JBL	C	0.48%
GMS	B	0.48%
BYD	B	0.48%
ALK	B	0.48%
ABG	C	0.47%
RIG	D	0.45%
AXS	A	0.44%
GL	C	0.43%
LKQ	F	0.42%
SJM	D	0.4%
EMN	C	0.39%
OGN	F	0.36%
MLI	B	0.36%
VNT	C	0.34%
BECN	B	0.34%
AEO	F	0.34%
HII	F	0.33%
CMA	B	0.33%
CRL	D	0.32%
ACA	A	0.32%
BOKF	B	0.32%
CRC	A	0.32%
ABCB	B	0.32%
UFPI	C	0.3%
KFY	B	0.3%
AIZ	A	0.3%
ALKS	C	0.3%
TNET	F	0.28%
DIOD	D	0.27%
SKX	D	0.26%
UHAL	D	0.26%
IPG	D	0.26%
FIVE	F	0.26%
REYN	D	0.25%
EPAM	B	0.17%
UCB	A	0.16%
RHI	C	0.16%
AUB	B	0.16%
SEM	B	0.16%
IVZ	B	0.15%
FELE	B	0.15%
MUSA	B	0.15%
TPR	B	0.15%
DNB	B	0.15%
CZR	F	0.14%
BPOP	C	0.14%
FUL	F	0.14%
WD	D	0.14%
SEE	C	0.14%
ALIT	C	0.14%
SKY	A	0.14%
WTS	B	0.14%
IAC	F	0.14%
HSIC	C	0.13%
MGM	D	0.13%

FNK Underweight 172 Positions Relative to MDYV

Symbol	Grade	Weight
ILMN	C	-1.53%
DOCU	B	-1.11%
USFD	A	-1.09%
FNF	B	-1.07%
THC	D	-1.05%
COHR	B	-1.03%
RGA	A	-1.02%
JLL	D	-0.84%
SF	B	-0.8%
RRX	B	-0.77%
GME	C	-0.72%
AA	A	-0.72%
ARMK	B	-0.69%
ALLY	C	-0.67%
UTHR	C	-0.64%
CNH	C	-0.63%
AAL	B	-0.63%
GMED	A	-0.62%
XPO	B	-0.62%
SFM	A	-0.57%
MTZ	B	-0.57%
TPL	A	-0.57%
GPK	C	-0.57%
AVTR	F	-0.56%
X	B	-0.55%
IBKR	A	-0.54%
SNV	C	-0.54%
RPM	A	-0.54%
FYBR	C	-0.52%
ACM	B	-0.52%
ADC	A	-0.51%
GLPI	C	-0.51%
EQH	C	-0.48%
VNO	C	-0.47%
CACI	D	-0.47%
ONB	C	-0.47%
BURL	B	-0.46%
VMI	B	-0.46%
EWBC	A	-0.45%
BIO	C	-0.45%
KD	B	-0.44%
GBCI	B	-0.43%
OHI	C	-0.41%
KRG	B	-0.4%
CIEN	C	-0.4%
SCI	B	-0.4%
LITE	B	-0.39%
JHG	B	-0.39%
THG	A	-0.39%
REXR	F	-0.38%
CG	B	-0.38%
EHC	B	-0.38%
HOMB	A	-0.38%
CCK	D	-0.38%
BMRN	F	-0.37%
DKS	D	-0.36%
CFR	B	-0.35%
AYI	B	-0.34%
BRX	A	-0.33%
NNN	C	-0.33%
CW	C	-0.33%
CUBE	C	-0.33%
BDC	C	-0.33%
GAP	C	-0.33%
ST	F	-0.33%
CBSH	B	-0.33%
IRT	A	-0.32%
LAMR	C	-0.32%
AMH	C	-0.32%
ATR	B	-0.32%
ELS	C	-0.32%
BRBR	A	-0.3%
RGLD	C	-0.3%
TKO	A	-0.3%
SBRA	C	-0.29%
FLO	D	-0.29%
ORA	B	-0.29%
FLS	B	-0.29%
KMPR	A	-0.29%
KBR	F	-0.29%
KEX	B	-0.29%
HQY	A	-0.28%
TCBI	C	-0.28%
SAIC	F	-0.28%
ASB	B	-0.27%
DCI	B	-0.27%
MKSI	C	-0.26%
CGNX	D	-0.26%
ALE	A	-0.25%
CYTK	F	-0.24%
DTM	A	-0.24%
FR	D	-0.24%
XRAY	F	-0.24%
NWE	B	-0.23%
CHE	D	-0.23%
GATX	A	-0.23%
NVST	B	-0.23%
CNM	D	-0.23%
FFIN	B	-0.22%
GHC	B	-0.22%
DOCS	C	-0.22%
STAG	D	-0.22%
FHI	B	-0.22%
EVR	B	-0.22%
BHF	C	-0.21%
EXLS	B	-0.21%
EGP	D	-0.21%
CVLT	B	-0.2%
VAC	C	-0.2%
MAN	F	-0.2%
PCH	F	-0.2%
ALV	C	-0.19%
CC	C	-0.19%
NEOG	F	-0.19%
WH	B	-0.18%
CHWY	B	-0.18%
RH	C	-0.18%
GT	C	-0.18%
MASI	B	-0.18%
MTSI	B	-0.18%
SIGI	C	-0.18%
CXT	C	-0.18%
EXPO	D	-0.17%
HXL	F	-0.17%
GNTX	C	-0.17%
ENOV	C	-0.17%
RLI	A	-0.17%
NOVT	D	-0.17%
CRUS	D	-0.16%
BRKR	D	-0.16%
IBOC	B	-0.15%
RCM	A	-0.15%
MTN	C	-0.15%
ALGM	D	-0.14%
PPC	C	-0.14%
ZI	D	-0.14%
CDP	C	-0.14%
SRPT	F	-0.14%
AM	A	-0.14%
UAA	C	-0.13%
DLB	B	-0.13%
ROIV	C	-0.13%
CRI	F	-0.13%
CHX	C	-0.13%
SMG	C	-0.13%
CBT	D	-0.13%
EEFT	B	-0.13%
AMED	F	-0.12%
GEF	A	-0.12%
IRDM	D	-0.12%
SYNA	C	-0.12%
POWI	F	-0.12%
LIVN	F	-0.12%
VSH	F	-0.12%
LANC	C	-0.12%
HAE	C	-0.12%
CHH	A	-0.11%
WEN	D	-0.1%
NSA	C	-0.1%
SAM	C	-0.1%
KNF	B	-0.1%
BLKB	B	-0.09%
EPR	C	-0.09%
PSN	D	-0.09%
VC	F	-0.09%
TNL	A	-0.08%
IPGP	D	-0.08%
UA	C	-0.08%
YETI	D	-0.08%
CPRI	F	-0.08%
WMG	D	-0.07%
AZTA	D	-0.05%