HELO vs. FTA ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

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

Performance

Period	HELO	FTA
30 Days	1.57%	4.88%
60 Days	3.39%	5.23%
90 Days	4.59%	6.80%
12 Months	20.91%	26.69%

48 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in FTA	Overlap
ACN	C	0.21%	0.18%	0.18%
APTV	D	0.1%	0.66%	0.1%
BAC	A	1.26%	0.59%	0.59%
BBY	D	0.2%	0.45%	0.2%
BIIB	F	0.12%	0.44%	0.12%
BKR	B	0.24%	0.61%	0.24%
C	A	0.3%	0.76%	0.3%
CARR	D	0.46%	0.33%	0.33%
CHTR	C	0.25%	0.62%	0.25%
CI	F	0.34%	0.16%	0.16%
CMCSA	B	0.71%	0.91%	0.71%
CMS	C	0.1%	0.34%	0.1%
COP	C	0.81%	0.94%	0.81%
CSX	B	0.41%	0.36%	0.36%
CTSH	B	0.49%	0.73%	0.49%
CVX	A	0.18%	0.96%	0.18%
DAL	C	0.23%	1.12%	0.23%
DE	A	0.68%	0.48%	0.48%
DIS	B	0.31%	0.4%	0.31%
DOW	F	0.35%	0.42%	0.35%
EOG	A	0.47%	0.97%	0.47%
EQT	B	0.06%	0.82%	0.06%
FANG	D	0.31%	0.74%	0.31%
FDX	B	0.33%	0.75%	0.33%
FITB	A	0.48%	0.57%	0.48%
HPE	B	0.18%	0.92%	0.18%
HUM	C	0.16%	0.31%	0.16%
JNJ	D	0.51%	0.33%	0.33%
LEN	D	0.14%	0.79%	0.14%
LOW	D	0.99%	0.17%	0.17%
LYB	F	0.23%	0.76%	0.23%
MAS	D	0.23%	0.16%	0.16%
MDLZ	F	0.72%	0.15%	0.15%
MDT	D	0.46%	0.16%	0.16%
NUE	C	0.11%	0.85%	0.11%
PCAR	B	0.18%	1.02%	0.18%
PEP	F	0.83%	0.17%	0.17%
PFG	D	0.13%	0.17%	0.13%
PPG	F	0.21%	0.33%	0.21%
STX	D	0.41%	0.46%	0.41%
T	A	0.18%	0.89%	0.18%
TGT	F	0.14%	0.5%	0.14%
TRV	B	0.34%	0.56%	0.34%
TXT	D	0.29%	0.5%	0.29%
UPS	C	0.54%	0.17%	0.17%
USB	A	0.33%	0.56%	0.33%
WFC	A	1.0%	0.9%	0.9%
XOM	B	1.43%	0.9%	0.9%

HELO Overweight 113 Positions Relative to FTA

Symbol	Grade	Weight
NVDA	C	7.8%
MSFT	F	7.13%
AAPL	C	6.83%
AMZN	C	4.5%
META	D	2.9%
GOOGL	C	2.09%
MA	C	1.72%
UNH	C	1.62%
TSLA	B	1.58%
BRK.A	B	1.53%
V	A	1.49%
GOOG	C	1.46%
CRM	B	1.15%
ABBV	D	1.14%
LLY	F	1.07%
AVGO	D	1.02%
HON	B	0.98%
TT	A	0.96%
NOW	A	0.94%
TMO	F	0.89%
TXN	C	0.87%
SO	D	0.84%
NEE	D	0.83%
LIN	D	0.82%
MCD	D	0.81%
SYK	C	0.76%
BKNG	A	0.75%
GS	A	0.75%
PGR	A	0.75%
NXPI	D	0.72%
ADI	D	0.72%
BMY	B	0.68%
AZO	C	0.65%
KO	D	0.63%
HWM	A	0.62%
VRTX	F	0.6%
CME	A	0.59%
UBER	D	0.58%
MU	D	0.57%
TFC	A	0.56%
COST	B	0.53%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
INTU	C	0.51%
CMG	B	0.51%
PLD	D	0.5%
OTIS	C	0.5%
PCG	A	0.5%
YUM	B	0.5%
CPAY	A	0.47%
REGN	F	0.45%
AMD	F	0.45%
DHR	F	0.44%
AON	A	0.44%
ROST	C	0.44%
SCHW	B	0.42%
LDOS	C	0.39%
DLR	B	0.39%
VTR	C	0.39%
ETN	A	0.38%
LRCX	F	0.37%
ORCL	B	0.36%
HLT	A	0.36%
RCL	A	0.34%
PM	B	0.32%
MNST	C	0.32%
SBAC	D	0.31%
MET	A	0.3%
CHD	B	0.3%
EXPE	B	0.29%
WELL	A	0.27%
KVUE	A	0.26%
BURL	A	0.24%
MRK	F	0.24%
IR	B	0.23%
AXP	A	0.21%
AMP	A	0.2%
KKR	A	0.2%
ABT	B	0.19%
ELS	C	0.19%
ADBE	C	0.18%
WDC	D	0.18%
MSI	B	0.17%
NOC	D	0.17%
CDNS	B	0.17%
UNP	C	0.17%
TMUS	B	0.17%
MCK	B	0.16%
MLM	B	0.16%
MO	A	0.15%
ANET	C	0.15%
PG	A	0.14%
MMC	B	0.14%
SQ	B	0.14%
URI	B	0.13%
LULU	C	0.13%
FICO	B	0.12%
HCA	F	0.11%
DASH	A	0.11%
VST	B	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
BAX	D	0.06%
MRVL	B	0.06%
AME	A	0.06%
EL	F	0.05%
NRG	B	0.04%
BMRN	D	0.03%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 138 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
SYF	B	-1.14%
GM	B	-1.13%
FOXA	B	-0.98%
TROW	B	-0.97%
STLD	B	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
CTRA	B	-0.93%
F	C	-0.92%
AIG	B	-0.91%
HAL	C	-0.91%
VLO	C	-0.91%
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%
HBAN	A	-0.84%
EG	C	-0.82%
LNG	B	-0.82%
CFG	B	-0.8%
BG	F	-0.8%
PHM	D	-0.79%
OC	A	-0.78%
ETR	B	-0.78%
CVS	D	-0.77%
ADM	D	-0.77%
SRE	A	-0.76%
VTRS	A	-0.76%
INTC	D	-0.75%
CRBG	B	-0.74%
L	A	-0.74%
XEL	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%
EXC	C	-0.66%
ON	D	-0.65%
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%
RF	A	-0.58%
TDY	B	-0.56%
LUV	C	-0.56%
STT	A	-0.55%
CNC	D	-0.55%
NI	A	-0.53%
DGX	A	-0.52%
PPL	B	-0.51%
D	C	-0.5%
LNT	A	-0.5%
AFL	B	-0.5%
EQR	B	-0.5%
ULTA	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%
AEP	D	-0.47%
RJF	A	-0.46%
KHC	F	-0.46%
AKAM	D	-0.45%
OKE	A	-0.42%
ZM	B	-0.42%
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%
WEC	A	-0.35%
SSNC	B	-0.35%
FNF	B	-0.34%
NVR	D	-0.33%
DOC	D	-0.33%
HSY	F	-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%
KDP	D	-0.31%
WLK	D	-0.3%
ELV	F	-0.27%
PYPL	B	-0.19%
CMI	A	-0.19%
ODFL	B	-0.19%
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%
NDSN	B	-0.17%
CTVA	C	-0.17%
MAA	B	-0.17%
HD	A	-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%
HOLX	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
AWK	D	-0.15%
CAG	D	-0.14%