FXL vs. MGMT ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Ballast Small/Mid Cap ETF (MGMT)

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology 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 NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector 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

$140.29

Average Daily Volume

18,398

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

MGMT

Ballast Small/Mid Cap ETF

MGMT Description

The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$38.16

Average Daily Volume

12,556

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	MGMT
30 Days	2.19%	0.23%
60 Days	3.05%	0.38%
90 Days	11.13%	4.58%
12 Months	30.34%	15.93%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXL	Weight in MGMT	Overlap
	DOX	B	1.28%	1.37%	1.28%
	IPGP	B	1.67%	1.38%	1.38%

FXL Overweight 100 Positions Relative to MGMT

Symbol	Grade	Weight
APP	B	1.99%
PLTR	B	1.91%
VRT	B	1.81%
PEGA	A	1.79%
DASH	A	1.75%
TOST	A	1.73%
GWRE	B	1.68%
SMAR	A	1.66%
ARW	D	1.65%
AVT	B	1.63%
META	B	1.62%
CTSH	D	1.59%
GFS	F	1.59%
ON	D	1.58%
AMKR	F	1.57%
DXC	D	1.57%
SWKS	F	1.57%
HPE	A	1.55%
CNXC	F	1.46%
NVDA	B	1.44%
DOCU	A	1.42%
NOW	A	1.33%
TYL	A	1.31%
FTNT	B	1.3%
ZM	A	1.3%
JBL	A	1.3%
GDDY	A	1.28%
HPQ	B	1.27%
AKAM	D	1.27%
ORCL	B	1.27%
DT	B	1.26%
SNX	C	1.25%
PAYC	A	1.24%
AVGO	B	1.24%
CRUS	F	1.21%
MANH	D	1.21%
MPWR	F	1.21%
INTC	C	1.19%
DNB	B	1.17%
S	B	1.07%
TWLO	A	1.07%
CACI	A	1.07%
RNG	A	1.06%
PANW	B	1.05%
NTNX	B	1.03%
SAIC	A	1.01%
DELL	A	1.0%
IT	C	1.0%
SSNC	D	0.99%
DBX	A	0.99%
HCP	A	0.98%
QCOM	D	0.97%
MTCH	C	0.97%
AAPL	C	0.97%
FFIV	A	0.95%
NTAP	D	0.95%
EPAM	F	0.94%
DLB	B	0.93%
AMAT	F	0.89%
MSTR	B	0.87%
GLOB	B	0.69%
SMCI	F	0.69%
APH	B	0.67%
DAY	A	0.66%
ADSK	B	0.65%
CRM	A	0.65%
KBR	B	0.64%
LSCC	C	0.63%
IBM	C	0.62%
DV	F	0.62%
TXN	A	0.62%
ROP	D	0.61%
VRSN	F	0.61%
ONTO	F	0.61%
GOOGL	A	0.61%
OLED	F	0.6%
IAC	F	0.6%
MCHP	F	0.59%
U	C	0.56%
TER	F	0.51%
DDOG	B	0.34%
GTLB	A	0.34%
CRWD	C	0.34%
NET	B	0.34%
KD	D	0.33%
INFA	C	0.33%
PSTG	D	0.33%
MU	C	0.32%
GLW	A	0.32%
GEN	A	0.31%
MSFT	D	0.31%
ADI	C	0.31%
PYCR	B	0.31%
ANSS	C	0.31%
CDW	F	0.3%
WDAY	F	0.3%
ALGM	F	0.29%
AMD	F	0.29%
KLAC	F	0.27%
APPF	D	0.25%

FXL Underweight 41 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.19%
AGM	D	-3.51%
CVCO	A	-3.35%
IGIC	A	-3.24%
PHIN	C	-3.21%
MTG	D	-2.97%
EXP	B	-2.96%
AZZ	D	-2.96%
CEIX	A	-2.79%
BELFB	C	-2.75%
GEO	B	-2.6%
CBNK	B	-2.57%
CASS	B	-2.45%
TPB	A	-2.4%
TDC	B	-2.35%
PATK	F	-2.28%
BLCO	A	-2.25%
LSTR	D	-2.23%
LII	B	-2.06%
IMXI	F	-1.9%
BCO	D	-1.82%
EPR	D	-1.75%
BWA	D	-1.61%
ECVT	C	-1.56%
RCMT	A	-1.52%
TRIP	C	-1.46%
G	C	-1.42%
GSM	F	-1.38%
KOS	F	-1.37%
KN	C	-1.36%
BIOX	F	-1.2%
CMPO	B	-1.19%
EPSN	B	-1.19%
TKR	C	-1.08%
IRMD	C	-1.08%
GPRE	F	-1.06%
CRMT	F	-0.97%
EXTR	B	-0.97%
NTIC	C	-0.91%
UFPT	D	-0.89%
RMNI	D	-0.6%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction