FNY vs. QDF ETF Comparison

Comparison of First Trust Mid Cap Growth AlphaDEX (FNY) to FlexShares Quality Dividend Index Fund (QDF)

FNY

First Trust Mid Cap Growth AlphaDEX

FNY 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 Mid Cap Growth Index (the "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) Growth 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

$74.50

Average Daily Volume

19,651

Number of Holdings ^*

216

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$65.71

Average Daily Volume

36,534

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	FNY	QDF
30 Days	6.12%	5.39%
60 Days	2.34%	1.91%
90 Days	5.85%	4.28%
12 Months	23.99%	22.09%

11 Overlapping Holdings

Symbol	Grade	Weight in FNY	Weight in QDF	Overlap
APLE	F	0.14%	0.37%	0.14%
BRX	C	0.14%	0.14%	0.14%
CFR	D	0.43%	0.36%	0.36%
EXP	D	0.75%	0.08%	0.08%
NYT	B	0.17%	0.5%	0.17%
STWD	B	0.3%	0.51%	0.3%
TOL	B	0.73%	0.63%	0.63%
WDFC	D	0.28%	0.43%	0.28%
WMG	F	0.16%	0.45%	0.16%
WMS	C	0.59%	0.54%	0.54%
WSM	C	0.73%	0.75%	0.73%

FNY Overweight 205 Positions Relative to QDF

Symbol	Grade	Weight
CVNA	C	0.99%
TDW	C	0.89%
SFM	A	0.88%
MOD	C	0.84%
FIX	C	0.83%
TXRH	B	0.82%
WING	C	0.82%
TOST	B	0.82%
EME	B	0.82%
WFRD	C	0.81%
APP	C	0.81%
NTRA	B	0.8%
CNM	B	0.79%
ANF	A	0.78%
FRPT	B	0.78%
SWAV	B	0.77%
BFAM	D	0.76%
DVA	B	0.75%
ESAB	C	0.75%
ITGR	C	0.74%
KD	B	0.74%
MEDP	D	0.73%
ATI	C	0.72%
LNW	D	0.72%
AVAV	B	0.72%
APG	D	0.72%
CELH	C	0.71%
ALSN	D	0.71%
PSN	D	0.71%
AWI	D	0.71%
BPMC	C	0.7%
XPO	D	0.7%
TTEK	A	0.7%
LYFT	D	0.7%
WWD	A	0.7%
H	D	0.7%
HRI	D	0.69%
AZEK	D	0.68%
IBP	D	0.68%
BLD	D	0.68%
RL	D	0.67%
HOOD	C	0.67%
CVLT	B	0.66%
CW	B	0.65%
IBKR	A	0.65%
MOG.A	C	0.65%
CLH	B	0.64%
ELF	D	0.63%
IOT	B	0.62%
EEFT	C	0.62%
POST	B	0.61%
ITT	A	0.61%
FSS	B	0.61%
BCO	B	0.61%
ARMK	B	0.6%
BRBR	D	0.6%
APPF	C	0.6%
MSA	B	0.59%
MUSA	B	0.59%
OWL	B	0.59%
PEGA	C	0.58%
ZWS	C	0.58%
NCLH	F	0.58%
ENSG	D	0.57%
KNSL	F	0.56%
MKSI	C	0.56%
WEX	F	0.54%
NEU	D	0.54%
MARA	C	0.54%
FND	C	0.54%
VNT	D	0.54%
KAI	D	0.53%
AAON	D	0.53%
AFRM	D	0.52%
GKOS	B	0.52%
ONTO	C	0.52%
BWXT	D	0.52%
INFA	D	0.52%
PRI	D	0.52%
DUOL	F	0.51%
COKE	C	0.51%
CBT	B	0.5%
BRKR	D	0.48%
ATR	C	0.48%
AXTA	C	0.48%
ACA	C	0.47%
CASY	B	0.47%
TNET	F	0.47%
W	C	0.46%
INGR	B	0.46%
AM	A	0.46%
PR	D	0.45%
GATX	A	0.45%
AIT	B	0.45%
OLLI	D	0.45%
RLI	A	0.45%
DCI	C	0.45%
SFBS	C	0.44%
HQY	D	0.44%
GOLF	C	0.44%
AOS	D	0.44%
MORN	D	0.44%
MSTR	D	0.44%
CRVL	A	0.44%
GNTX	D	0.44%
VRNS	D	0.44%
WYNN	D	0.43%
AAL	C	0.43%
RYAN	B	0.43%
SAIA	F	0.43%
CHX	D	0.43%
GPK	C	0.43%
TREX	D	0.42%
TPX	C	0.42%
MAC	D	0.42%
ALLE	D	0.42%
PFGC	C	0.42%
RHP	D	0.41%
AMR	F	0.41%
CRL	D	0.4%
SSD	F	0.39%
NCNO	D	0.38%
PCOR	D	0.38%
EVH	F	0.38%
PGNY	F	0.38%
BMI	B	0.37%
KTB	A	0.34%
CHDN	C	0.34%
TW	B	0.33%
VRRM	B	0.33%
LOPE	C	0.33%
FCN	B	0.32%
ESTC	C	0.32%
HCC	C	0.32%
SRPT	C	0.31%
CFLT	C	0.31%
HALO	B	0.31%
CCOI	F	0.3%
LAMR	B	0.3%
GWRE	B	0.3%
HXL	C	0.3%
WTS	B	0.3%
FELE	D	0.29%
AXSM	C	0.29%
DOCU	C	0.29%
SOFI	F	0.29%
CWST	B	0.29%
ITCI	D	0.29%
EXLS	C	0.29%
FFIV	D	0.28%
GTLB	D	0.28%
EXEL	F	0.28%
COTY	F	0.28%
CHH	F	0.28%
BOX	D	0.28%
PATH	D	0.27%
FOUR	D	0.27%
ALKS	F	0.27%
CHE	F	0.27%
S	D	0.27%
OPCH	F	0.27%
IPAR	F	0.26%
WSC	F	0.26%
IRTC	F	0.26%
INSP	F	0.23%
APLS	F	0.22%
RVMD	B	0.18%
LNTH	C	0.18%
HAS	C	0.17%
HAE	B	0.17%
IRT	C	0.16%
WEN	F	0.16%
HLNE	C	0.16%
MMSI	B	0.16%
MTSI	C	0.16%
DV	F	0.16%
OTTR	C	0.16%
AES	B	0.16%
JKHY	C	0.15%
INSM	F	0.15%
RBC	A	0.15%
PCTY	C	0.15%
PLNT	C	0.15%
HRB	B	0.15%
ALTR	B	0.15%
BCPC	B	0.15%
EPRT	B	0.15%
CIVI	C	0.15%
SPSC	C	0.15%
RARE	F	0.14%
QLYS	F	0.14%
EGP	F	0.14%
TENB	F	0.14%
SGRY	F	0.14%
BL	D	0.14%
BRZE	F	0.14%
IONS	F	0.14%
CNS	C	0.14%
CYTK	F	0.14%
MSM	F	0.14%
MTCH	F	0.13%
EXAS	F	0.13%
MTN	F	0.13%
RPD	F	0.12%
FIVE	F	0.12%

FNY Underweight 117 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.26%
MSFT	B	-5.54%
AVGO	B	-3.94%
NVDA	C	-3.9%
PG	A	-3.28%
JNJ	D	-3.06%
KO	B	-2.65%
META	D	-2.62%
ABBV	D	-2.09%
CSCO	F	-2.0%
ACN	F	-1.86%
INTU	B	-1.81%
HD	D	-1.68%
UNP	C	-1.45%
LRCX	D	-1.25%
LOW	D	-1.23%
NKE	F	-1.18%
ADP	B	-1.05%
KLAC	B	-1.01%
BMY	F	-0.96%
GILD	F	-0.83%
XOM	B	-0.82%
MO	A	-0.82%
ZTS	D	-0.8%
LLY	B	-0.78%
ITW	D	-0.77%
MPC	D	-0.75%
CMCSA	F	-0.7%
FIS	A	-0.66%
JPM	A	-0.65%
SBUX	F	-0.63%
ALL	C	-0.62%
EBAY	C	-0.62%
LMT	B	-0.61%
BK	A	-0.61%
PRU	A	-0.61%
MMM	A	-0.6%
PHM	B	-0.6%
PEG	B	-0.59%
EQR	B	-0.59%
MCHP	B	-0.57%
AFL	A	-0.57%
RDN	C	-0.56%
PKG	C	-0.56%
CPT	B	-0.56%
PSA	C	-0.56%
AVB	B	-0.55%
NUE	D	-0.55%
FAST	D	-0.55%
AIRC	A	-0.55%
SMG	D	-0.54%
STT	B	-0.54%
PAYX	B	-0.54%
D	A	-0.54%
MAA	C	-0.53%
MET	A	-0.53%
BBY	D	-0.52%
BPOP	B	-0.52%
WU	D	-0.51%
WTW	D	-0.51%
UGI	C	-0.51%
POOL	D	-0.51%
RRC	B	-0.51%
ORI	A	-0.51%
NXST	C	-0.5%
EA	F	-0.5%
SNA	D	-0.49%
UNH	C	-0.49%
LYB	D	-0.49%
TPG	D	-0.49%
RS	D	-0.48%
UDR	C	-0.48%
HST	D	-0.48%
MC	B	-0.48%
OGE	A	-0.48%
WY	F	-0.47%
SWKS	F	-0.46%
CHRW	C	-0.46%
FAF	D	-0.45%
ALLY	B	-0.45%
TPR	D	-0.45%
BXMT	F	-0.44%
BTU	F	-0.43%
V	B	-0.43%
TGNA	C	-0.43%
OMF	C	-0.42%
PFG	B	-0.42%
EVRG	C	-0.41%
RHI	F	-0.4%
AFG	B	-0.38%
OLN	C	-0.38%
IRDM	D	-0.37%
LNC	C	-0.37%
CUBE	C	-0.36%
CTAS	B	-0.35%
MA	D	-0.31%
HON	B	-0.31%
CAT	C	-0.22%
STLD	D	-0.19%
COST	B	-0.18%
DDS	C	-0.18%
CL	B	-0.17%
MRK	B	-0.17%
BSY	A	-0.17%
OMC	B	-0.15%
MOS	F	-0.13%
SOLV	F	-0.1%
DPZ	C	-0.08%
QCOM	B	-0.08%
CVX	B	-0.08%
CF	F	-0.08%
VLO	D	-0.05%
COP	D	-0.05%
MAR	D	-0.04%
PEP	B	-0.03%
BAC	B	-0.02%
WMT	A	-0.02%