JPST vs. FTA ETF Comparison

Comparison of JPMorgan Ultra-Short Income ETF (JPST) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.52

Average Daily Volume

5,193,763

Number of Holdings ^*

111

* 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	JPST	FTA
30 Days	0.31%	4.88%
60 Days	0.48%	5.23%
90 Days	1.11%	6.80%
12 Months	6.00%	26.69%

40 Overlapping Holdings

Symbol	Grade	Weight in JPST	Weight in FTA	Overlap
AEP	D	0.05%	0.47%	0.05%
AIG	B	0.01%	0.91%	0.01%
ATO	A	0.3%	0.73%	0.3%
BAC	A	0.01%	0.59%	0.01%
BG	F	0.06%	0.8%	0.06%
C	A	0.01%	0.76%	0.01%
CAG	D	0.13%	0.14%	0.13%
CFG	B	0.07%	0.8%	0.07%
CI	F	0.08%	0.16%	0.08%
CNP	B	0.14%	0.72%	0.14%
COF	B	0.04%	0.86%	0.04%
D	C	0.17%	0.5%	0.17%
DE	A	0.01%	0.48%	0.01%
DIS	B	0.02%	0.4%	0.02%
DUK	C	0.08%	0.49%	0.08%
ETR	B	0.16%	0.78%	0.16%
FITB	A	0.1%	0.57%	0.1%
GM	B	0.1%	1.13%	0.1%
HBAN	A	0.01%	0.84%	0.01%
HUM	C	0.09%	0.31%	0.09%
JBHT	C	0.09%	0.38%	0.09%
KDP	D	0.31%	0.31%	0.31%
KEY	B	0.01%	0.4%	0.01%
KR	B	0.07%	0.72%	0.07%
MDLZ	F	0.04%	0.15%	0.04%
MS	A	0.05%	0.65%	0.05%
PFG	D	0.01%	0.17%	0.01%
PNC	B	0.01%	0.39%	0.01%
PSX	C	0.01%	0.87%	0.01%
SBUX	A	0.06%	0.17%	0.06%
STT	A	0.08%	0.55%	0.08%
T	A	0.14%	0.89%	0.14%
TDY	B	0.22%	0.56%	0.22%
USB	A	0.01%	0.56%	0.01%
VTRS	A	0.1%	0.76%	0.1%
VZ	C	0.16%	0.64%	0.16%
WEC	A	0.09%	0.35%	0.09%
WFC	A	0.11%	0.9%	0.11%
WLK	D	0.02%	0.3%	0.02%
XOM	B	0.06%	0.9%	0.06%

JPST Overweight 71 Positions Relative to FTA

Symbol	Grade	Weight
CASH	A	2.2%
TMO	F	0.74%
AZN	D	0.57%
EQH	B	0.35%
CCEP	C	0.3%
MCD	D	0.29%
LDOS	C	0.26%
BXMT	C	0.25%
SNX	C	0.23%
HART	D	0.19%
BA	F	0.18%
OGS	A	0.17%
GILD	C	0.13%
DB	D	0.13%
AAPL	C	0.12%
SO	D	0.11%
MLM	B	0.09%
IFF	D	0.08%
DT	C	0.08%
NEM	D	0.08%
BX	A	0.07%
HSBC	B	0.07%
ACR	A	0.06%
SEB	F	0.06%
AL	B	0.05%
BHF	B	0.04%
ORCL	B	0.04%
KKR	A	0.04%
ABBV	D	0.04%
PL	A	0.04%
ARES	A	0.03%
CHD	B	0.03%
R	B	0.03%
ROP	B	0.03%
NEE	D	0.03%
BCC	B	0.03%
BMO	A	0.03%
HON	B	0.02%
MSC	C	0.02%
ETN	A	0.02%
AZO	C	0.02%
GSK	F	0.02%
AER	B	0.02%
BNS	A	0.02%
EPD	A	0.01%
ABT	B	0.01%
PFE	D	0.01%
IBM	C	0.01%
ICE	C	0.01%
MCO	B	0.01%
DHR	F	0.01%
CSL	C	0.01%
BMY	B	0.01%
SCHW	B	0.01%
BK	A	0.01%
UNH	C	0.01%
MMM	D	0.01%
AXP	A	0.01%
CAT	B	0.01%
PM	B	0.01%
ES	D	0.01%
JXN	C	0.01%
MET	A	0.01%
UBS	C	0.01%
RY	A	0.01%
TFC	A	0.01%
MUFG	B	0.01%
GS	A	0.01%
NWG	C	0.01%
TD	F	0.01%
CM	A	0.01%

JPST Underweight 146 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
SYF	B	-1.14%
DAL	C	-1.12%
PCAR	B	-1.02%
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%
HAL	C	-0.91%
VLO	C	-0.91%
CMCSA	B	-0.91%
DVN	F	-0.88%
TOL	B	-0.87%
OXY	D	-0.86%
KMI	A	-0.85%
MPC	D	-0.85%
NUE	C	-0.85%
EG	C	-0.82%
EQT	B	-0.82%
LNG	B	-0.82%
PHM	D	-0.79%
LEN	D	-0.79%
OC	A	-0.78%
CVS	D	-0.77%
ADM	D	-0.77%
LYB	F	-0.76%
SRE	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
CRBG	B	-0.74%
L	A	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
SLB	C	-0.73%
CTSH	B	-0.73%
AEE	A	-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%
EXC	C	-0.66%
ON	D	-0.65%
DG	F	-0.64%
ED	D	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
BKR	B	-0.61%
MTB	A	-0.61%
SWKS	F	-0.6%
IP	B	-0.6%
DHI	D	-0.6%
RF	A	-0.58%
LUV	C	-0.56%
TRV	B	-0.56%
CNC	D	-0.55%
NI	A	-0.53%
DGX	A	-0.52%
PPL	B	-0.51%
TXT	D	-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%
SYY	B	-0.49%
DTE	C	-0.48%
CE	F	-0.48%
BLDR	D	-0.48%
STX	D	-0.46%
RJF	A	-0.46%
KHC	F	-0.46%
AKAM	D	-0.45%
BBY	D	-0.45%
BIIB	F	-0.44%
OKE	A	-0.42%
ZM	B	-0.42%
DOW	F	-0.42%
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%
CSX	B	-0.36%
PRU	A	-0.36%
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%
ELV	F	-0.27%
PYPL	B	-0.19%
CMI	A	-0.19%
ODFL	B	-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%
PEP	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%
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%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
AWK	D	-0.15%