FTA vs. QQA ETF Comparison

Comparison of First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FTA	QQA
30 Days	4.88%	4.30%
60 Days	5.23%	5.68%
90 Days	6.80%	6.30%
12 Months	26.69%

21 Overlapping Holdings

Symbol	Grade	Weight in FTA	Weight in QQA	Overlap
AEP	D	0.47%	0.25%	0.25%
BIIB	F	0.44%	0.11%	0.11%
BKR	B	0.61%	0.21%	0.21%
CHTR	C	0.62%	0.28%	0.28%
CMCSA	B	0.91%	0.82%	0.82%
CSCO	B	0.38%	1.15%	0.38%
CSX	B	0.36%	0.34%	0.34%
CTSH	B	0.73%	0.19%	0.19%
EXC	C	0.66%	0.19%	0.19%
FANG	D	0.74%	0.26%	0.26%
INTC	D	0.75%	0.51%	0.51%
KDP	D	0.31%	0.21%	0.21%
KHC	F	0.46%	0.19%	0.19%
MDLZ	F	0.15%	0.43%	0.15%
ODFL	B	0.19%	0.23%	0.19%
ON	D	0.65%	0.14%	0.14%
PCAR	B	1.02%	0.29%	0.29%
PEP	F	0.17%	1.08%	0.17%
PYPL	B	0.19%	0.43%	0.19%
SBUX	A	0.17%	0.55%	0.17%
XEL	A	0.74%	0.19%	0.19%

FTA Overweight 165 Positions Relative to QQA

Symbol	Grade	Weight
UAL	A	1.4%
SYF	B	1.14%
GM	B	1.13%
DAL	C	1.12%
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%
T	A	0.89%
DVN	F	0.88%
PSX	C	0.87%
TOL	B	0.87%
COF	B	0.86%
OXY	D	0.86%
KMI	A	0.85%
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%
SRE	A	0.76%
VTRS	A	0.76%
C	A	0.76%
FDX	B	0.75%
CRBG	B	0.74%
L	A	0.74%
SLB	C	0.73%
ATO	A	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%
MS	A	0.65%
VZ	C	0.64%
DG	F	0.64%
ED	D	0.64%
SNA	A	0.63%
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%
D	C	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%
DUK	C	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%
AKAM	D	0.45%
BBY	D	0.45%
OKE	A	0.42%
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%
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%
WEC	A	0.35%
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%
EIX	B	0.33%
ARE	D	0.32%
FE	C	0.32%
GIS	D	0.31%
GPC	D	0.31%
MOH	F	0.31%
HUM	C	0.31%
WLK	D	0.3%
ELV	F	0.27%
CMI	A	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%
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%
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%
AWK	D	0.15%
CAG	D	0.14%

FTA Underweight 80 Positions Relative to QQA

Symbol	Grade	Weight
NVDA	C	-6.68%
AAPL	C	-6.56%
MSFT	F	-5.91%
AMZN	C	-4.08%
AVGO	D	-3.78%
META	D	-3.69%
TSLA	B	-2.98%
COST	B	-1.99%
GOOGL	C	-1.94%
GOOG	C	-1.86%
NFLX	A	-1.75%
TMUS	B	-1.36%
ADBE	C	-1.11%
AMD	F	-1.08%
LIN	D	-1.06%
INTU	C	-0.95%
ISRG	A	-0.93%
TXN	C	-0.91%
QCOM	F	-0.88%
BKNG	A	-0.83%
AMGN	D	-0.75%
HON	B	-0.74%
AMAT	F	-0.69%
PANW	C	-0.62%
VRTX	F	-0.6%
ADP	B	-0.6%
GILD	C	-0.54%
MU	D	-0.53%
ADI	D	-0.51%
MELI	D	-0.47%
LRCX	F	-0.45%
CTAS	B	-0.43%
KLAC	D	-0.41%
SNPS	B	-0.4%
REGN	F	-0.4%
MAR	B	-0.39%
CDNS	B	-0.39%
PDD	F	-0.38%
MRVL	B	-0.38%
CRWD	B	-0.38%
FTNT	C	-0.36%
CEG	D	-0.35%
ORLY	B	-0.35%
ADSK	A	-0.32%
DASH	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
ROP	B	-0.29%
CPRT	A	-0.27%
WDAY	B	-0.27%
NXPI	D	-0.27%
TTD	B	-0.26%
MNST	C	-0.25%
PAYX	C	-0.25%
FAST	B	-0.23%
ROST	C	-0.23%
EA	A	-0.21%
VRSK	A	-0.2%
LULU	C	-0.19%
DDOG	A	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
IDXX	F	-0.17%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
CSGP	D	-0.14%
ANSS	B	-0.14%
CDW	F	-0.12%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%