FXR vs. MRGR ETF Comparison

Comparison of First Trust Industrials AlphaDEX (FXR) to ProShares Merger ETF (MRGR)

FXR

First Trust Industrials AlphaDEX

FXR 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) Industrials 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 industrials and producer durables sectors 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

$75.75

Average Daily Volume

63,329

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$41.83

Average Daily Volume

713

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXR	MRGR
30 Days	4.60%	1.04%
60 Days	5.21%	2.78%
90 Days	11.49%	4.21%
12 Months	32.06%	7.32%

1 Overlapping Holdings

	Symbol	Grade	Weight in FXR	Weight in MRGR	Overlap
	SPR	D	0.89%	2.23%	0.89%

FXR Overweight 133 Positions Relative to MRGR

Symbol	Grade	Weight
BLDR	C	1.62%
FIX	B	1.39%
HWM	B	1.39%
G	C	1.33%
ALSN	B	1.33%
SNDR	B	1.32%
EME	B	1.31%
HEI	C	1.31%
GPN	D	1.3%
TT	B	1.29%
BC	C	1.29%
AXP	B	1.29%
GPK	C	1.29%
PWR	B	1.27%
TTEK	C	1.27%
GTES	C	1.27%
SNA	B	1.21%
CNH	C	1.2%
SYF	C	1.2%
SON	D	1.2%
EXP	B	1.19%
MDU	B	1.18%
FICO	B	1.15%
OC	C	1.14%
BAH	B	1.13%
AGCO	D	1.09%
URI	B	1.09%
SLGN	B	1.09%
AL	C	1.07%
PCAR	D	1.07%
R	C	1.06%
OSK	F	1.05%
FOUR	C	1.04%
GE	C	1.04%
AAON	B	1.04%
MIDD	C	1.04%
BERY	B	1.03%
LII	C	1.02%
TDY	B	1.0%
AYI	B	1.0%
COF	B	0.98%
TDG	B	0.97%
HII	F	0.97%
WCC	C	0.97%
DE	A	0.97%
CSL	B	0.96%
MSM	D	0.96%
KNX	C	0.95%
DOV	B	0.94%
TXT	D	0.92%
MLM	D	0.9%
FDX	D	0.89%
PYPL	B	0.86%
ADTN	C	0.86%
AXON	B	0.85%
LPX	B	0.81%
PNR	B	0.8%
PKG	B	0.76%
CTAS	C	0.75%
AWI	B	0.75%
ATI	C	0.75%
SSD	C	0.74%
CAT	B	0.72%
XPO	D	0.7%
BLD	C	0.7%
JBHT	D	0.7%
KEX	C	0.68%
CSX	C	0.67%
DCI	C	0.66%
AOS	B	0.66%
RHI	D	0.66%
BWXT	A	0.66%
DOW	C	0.64%
CACC	F	0.63%
VRSK	D	0.63%
WU	C	0.61%
CNM	F	0.59%
NVT	C	0.59%
VNT	F	0.57%
MKSI	F	0.56%
CCK	B	0.56%
PH	B	0.55%
MAS	B	0.55%
LMT	A	0.54%
ALLE	B	0.54%
CMI	B	0.5%
BALL	C	0.5%
ESAB	C	0.5%
AMCR	B	0.5%
ITT	B	0.5%
AZEK	C	0.49%
ATR	B	0.49%
GGG	C	0.48%
JKHY	B	0.47%
PPG	C	0.46%
WSC	D	0.46%
LFUS	C	0.46%
FTV	C	0.46%
FCN	C	0.46%
IEX	C	0.46%
GXO	D	0.46%
LECO	D	0.44%
UPS	D	0.43%
WMS	D	0.43%
EEFT	F	0.43%
RRX	C	0.28%
HAYW	C	0.26%
HUBB	B	0.25%
RPM	B	0.25%
CW	B	0.25%
RTX	B	0.25%
ACN	C	0.24%
JCI	B	0.24%
NDSN	C	0.24%
WAB	B	0.24%
KEYS	B	0.24%
GWW	B	0.24%
J	A	0.23%
ITW	B	0.23%
UNP	D	0.23%
EXPD	B	0.22%
SEE	C	0.22%
LHX	C	0.22%
AME	C	0.22%
DD	B	0.22%
GD	C	0.22%
EMR	D	0.21%
WWD	C	0.21%
MSA	D	0.21%
LSTR	D	0.21%
FLS	C	0.21%
HON	C	0.2%
SAIA	D	0.2%

FXR Underweight 27 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	C	-3.12%
IBTX	C	-2.79%
INFN	B	-2.53%
DFS	C	-2.52%
EDR	A	-2.41%
SQSP	B	-2.4%
K	A	-2.35%
SRCL	B	-2.35%
EVRI	B	-2.35%
PETQ	B	-2.34%
INST	D	-2.33%
ENV	C	-2.33%
JNPR	A	-2.32%
VGR	C	-2.32%
RCM	C	-2.32%
PRFT	B	-2.31%
HCP	A	-2.3%
ALE	A	-2.28%
TELL	C	-2.27%
AXNX	B	-2.23%
CTLT	B	-2.22%
ANSS	D	-2.2%
MRO	D	-2.17%
RVNC	D	-1.9%
MGRC	D	-1.88%
HES	F	-1.83%
CHX	F	-1.8%