GVAL vs. FEM ETF Comparison

Comparison of Cambria Global Value ETF (GVAL) to First Trust Emerging Markets AlphaDEX Fund (FEM)

GVAL

Cambria Global Value ETF

GVAL Description

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Cambria Global Value Index (the "underlying index"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the underlying index. The underlying index is comprised of equity securities of issuers located in developed and emerging countries, as well as exchange-traded funds composed of issuers located in developed and emerging countries.

Grade (RS Rating)

Last Trade

$23.22

Average Daily Volume

20,620

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

FEM

First Trust Emerging Markets AlphaDEX Fund

FEM 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 Emerging Markets Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in 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 Emerging Markets BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.30

Average Daily Volume

47,566

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	GVAL	FEM
30 Days	9.82%	9.64%
60 Days	11.45%	10.50%
90 Days	12.20%	9.76%
12 Months	18.96%	28.20%

2 Overlapping Holdings

	Symbol	Grade	Weight in GVAL	Weight in FEM	Overlap
	GGB	C	0.89%	1.05%	0.89%
	VALE	C	0.87%	0.64%	0.64%

GVAL Overweight 2 Positions Relative to FEM

	Symbol	Grade	Weight
	BCS	A	0.95%
	LYG	A	0.91%

GVAL Underweight 5 Positions Relative to FEM

	Symbol	Grade	Weight
	ERJ	C	-0.82%
	NU	B	-0.81%
	BRFS	B	-0.46%
	UMC	C	-0.4%
	PAGS	D	-0.36%

GVAL: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - Europe Industrial Metals & Minerals Steel

Keywords: Banking General Insurance Insurance Products Alloys Aluminum Products Asset Finance Asset Management Bancassurance Bank Banking Solutions Barclays Barclays Bank Of Botswana Base Metal Building Materials Business Lending Services Card Services Cargo Transportation Service Cargo Transportation Services Cash Management Services Clan Barclay

FEM: Top Represented Industries & Keywords

Industries: Aerospace & Defense Banks - Diversified Industrial Metals & Minerals Packaged Foods Semiconductors Software - Infrastructure Steel

Keywords: Payment Systems Aerospace Material Alloys Alternative Payments Aluminum Products Animal Feed Aviation Services Bank Banking Base Metal Beef Building Materials Cargo Transportation Service Cargo Transportation Services Cheese Cobalt Coil Steel Credit Card Customer Support Services Dairy Products