FTA vs. NFRA ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA 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 Large 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 500(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

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.16

Average Daily Volume

78,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTA	NFRA
30 Days	4.88%	-0.44%
60 Days	5.23%	-2.07%
90 Days	6.80%	1.20%
12 Months	26.69%	17.31%

17 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in NFRA	Overlap
AEP	D	0.47%	0.77%	0.47%
AWK	D	0.15%	0.4%	0.15%
CHTR	C	0.62%	0.6%	0.6%
CMCSA	B	0.91%	2.6%	0.91%
CSX	B	0.36%	1.08%	0.36%
D	C	0.5%	0.72%	0.5%
DUK	C	0.49%	1.33%	0.49%
ED	D	0.64%	0.52%	0.52%
EIX	B	0.33%	0.5%	0.33%
EXC	C	0.66%	0.6%	0.6%
KMI	A	0.85%	0.82%	0.82%
OKE	A	0.42%	0.98%	0.42%
SRE	A	0.76%	0.9%	0.76%
T	A	0.89%	2.47%	0.89%
VZ	C	0.64%	2.67%	0.64%
WEC	A	0.35%	0.47%	0.35%
XEL	A	0.74%	0.59%	0.59%

FTA Overweight 169 Positions Relative to NFRA

Symbol	Grade	Weight
UAL	A	1.4%
SYF	B	1.14%
GM	B	1.13%
DAL	C	1.12%
PCAR	B	1.02%
FOXA	B	0.98%
EOG	A	0.97%
TROW	B	0.97%
STLD	B	0.96%
CVX	A	0.96%
CINF	A	0.96%
RS	B	0.94%
COP	C	0.94%
CTRA	B	0.93%
HPE	B	0.92%
F	C	0.92%
AIG	B	0.91%
HAL	C	0.91%
VLO	C	0.91%
XOM	B	0.9%
WFC	A	0.9%
DVN	F	0.88%
PSX	C	0.87%
TOL	B	0.87%
COF	B	0.86%
OXY	D	0.86%
MPC	D	0.85%
NUE	C	0.85%
HBAN	A	0.84%
EG	C	0.82%
EQT	B	0.82%
LNG	B	0.82%
CFG	B	0.8%
BG	F	0.8%
PHM	D	0.79%
LEN	D	0.79%
OC	A	0.78%
ETR	B	0.78%
CVS	D	0.77%
ADM	D	0.77%
LYB	F	0.76%
VTRS	A	0.76%
C	A	0.76%
INTC	D	0.75%
FDX	B	0.75%
CRBG	B	0.74%
L	A	0.74%
FANG	D	0.74%
SLB	C	0.73%
ATO	A	0.73%
CTSH	B	0.73%
CNP	B	0.72%
AEE	A	0.72%
KR	B	0.72%
ZBH	C	0.71%
ALLY	C	0.71%
CB	C	0.7%
CF	B	0.7%
HIG	B	0.69%
APTV	D	0.66%
ON	D	0.65%
MS	A	0.65%
DG	F	0.64%
SNA	A	0.63%
BKR	B	0.61%
MTB	A	0.61%
SWKS	F	0.6%
IP	B	0.6%
DHI	D	0.6%
BAC	A	0.59%
RF	A	0.58%
FITB	A	0.57%
TDY	B	0.56%
LUV	C	0.56%
TRV	B	0.56%
USB	A	0.56%
STT	A	0.55%
CNC	D	0.55%
NI	A	0.53%
DGX	A	0.52%
PPL	B	0.51%
TXT	D	0.5%
LNT	A	0.5%
AFL	B	0.5%
EQR	B	0.5%
ULTA	F	0.5%
TGT	F	0.5%
EBAY	D	0.49%
HRL	D	0.49%
SYY	B	0.49%
DTE	C	0.48%
CE	F	0.48%
BLDR	D	0.48%
DE	A	0.48%
STX	D	0.46%
RJF	A	0.46%
KHC	F	0.46%
AKAM	D	0.45%
BBY	D	0.45%
BIIB	F	0.44%
ZM	B	0.42%
DOW	F	0.42%
DIS	B	0.4%
KEY	B	0.4%
PNC	B	0.39%
JBHT	C	0.38%
TSN	B	0.38%
CSCO	B	0.38%
NWSA	B	0.38%
PKG	A	0.38%
RGA	A	0.37%
KIM	A	0.37%
HPQ	B	0.36%
DRI	B	0.36%
PRU	A	0.36%
SSNC	B	0.35%
CMS	C	0.34%
FNF	B	0.34%
NVR	D	0.33%
DOC	D	0.33%
CARR	D	0.33%
PPG	F	0.33%
HSY	F	0.33%
JNJ	D	0.33%
ARE	D	0.32%
FE	C	0.32%
GIS	D	0.31%
GPC	D	0.31%
MOH	F	0.31%
KDP	D	0.31%
HUM	C	0.31%
WLK	D	0.3%
ELV	F	0.27%
PYPL	B	0.19%
CMI	A	0.19%
ODFL	B	0.19%
ACN	C	0.18%
LHX	C	0.18%
WRB	A	0.18%
APD	A	0.18%
LH	C	0.18%
IEX	B	0.18%
J	F	0.18%
KEYS	A	0.17%
GD	F	0.17%
PEP	F	0.17%
UPS	C	0.17%
NDSN	B	0.17%
CTVA	C	0.17%
MAA	B	0.17%
LOW	D	0.17%
HD	A	0.17%
PFG	D	0.17%
OMC	C	0.17%
CLX	B	0.17%
SBUX	A	0.17%
CPB	D	0.16%
WY	D	0.16%
EXPD	D	0.16%
LMT	D	0.16%
DD	D	0.16%
CI	F	0.16%
MAS	D	0.16%
HOLX	D	0.16%
MDT	D	0.16%
FTV	C	0.16%
NKE	D	0.15%
MDLZ	F	0.15%
CAG	D	0.14%

FTA Underweight 47 Positions Relative to NFRA

Symbol	Grade	Weight
CNI	D	-3.39%
WCN	A	-2.53%
NEE	D	-2.41%
UNP	C	-2.23%
TMUS	B	-1.83%
SO	D	-1.47%
AMT	D	-1.41%
EQIX	A	-1.32%
WM	A	-1.26%
CEG	D	-1.09%
WMB	A	-1.05%
HCA	F	-1.02%
NSC	B	-0.93%
DLR	B	-0.86%
PCG	A	-0.85%
CCI	D	-0.69%
PEG	A	-0.67%
RSG	A	-0.66%
TRGP	B	-0.65%
VLTO	D	-0.39%
SBAC	D	-0.36%
THC	D	-0.25%
CLH	B	-0.19%
UHS	D	-0.17%
LBRDK	C	-0.17%
EHC	B	-0.16%
DTM	B	-0.15%
WTRG	B	-0.15%
FYBR	D	-0.13%
CWST	A	-0.1%
AM	A	-0.09%
SIRI	C	-0.09%
SEM	B	-0.07%
GEO	B	-0.06%
ACHC	F	-0.06%
CWT	D	-0.05%
AWR	B	-0.05%
HESM	B	-0.05%
IRDM	D	-0.05%
CCOI	B	-0.05%
CXW	B	-0.04%
PCT	C	-0.03%
SJW	D	-0.03%
UNIT	B	-0.02%
MSEX	B	-0.02%
NFE	D	-0.01%
FSLY	D	-0.01%