PAPI vs. FNK ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.85

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid 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 MidCap 400(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

$56.37

Average Daily Volume

10,011

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FNK
30 Days	2.11%	4.67%
60 Days	3.48%	4.34%
90 Days	4.02%	3.76%
12 Months	18.27%	25.77%

35 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FNK	Overlap
AFG	A	0.56%	0.15%	0.15%
ASH	F	0.46%	0.38%	0.38%
AVT	C	0.51%	0.58%	0.51%
CHRD	D	0.53%	0.71%	0.53%
COLM	C	0.53%	0.28%	0.28%
DINO	D	0.51%	0.67%	0.51%
EMN	C	0.49%	0.39%	0.39%
ESNT	F	0.47%	0.61%	0.47%
EVRG	A	0.55%	0.57%	0.55%
FMC	D	0.47%	0.63%	0.47%
HII	F	0.41%	0.33%	0.33%
HP	C	0.55%	0.85%	0.55%
IDA	A	0.6%	0.32%	0.32%
INGR	C	0.58%	0.46%	0.46%
IPG	D	0.48%	0.26%	0.26%
LEA	F	0.49%	0.63%	0.49%
LKQ	F	0.51%	0.42%	0.42%
MOS	F	0.52%	0.59%	0.52%
MSM	C	0.57%	0.3%	0.3%
MTG	C	0.5%	0.69%	0.5%
NFG	A	0.52%	0.57%	0.52%
OGE	A	0.56%	0.45%	0.45%
OGS	A	0.53%	0.43%	0.43%
ORI	A	0.53%	0.29%	0.29%
PAG	B	0.54%	0.42%	0.42%
PB	B	0.59%	0.32%	0.32%
PII	F	0.42%	0.35%	0.35%
POR	C	0.51%	0.56%	0.51%
RHI	C	0.59%	0.16%	0.16%
SNX	D	0.51%	0.43%	0.43%
SON	F	0.49%	0.39%	0.39%
TAP	C	0.58%	0.74%	0.58%
UNM	A	0.59%	0.67%	0.59%
WHR	B	0.55%	0.45%	0.45%
WU	F	0.47%	0.38%	0.38%

PAPI Overweight 154 Positions Relative to FNK

Symbol	Grade	Weight
GRMN	B	0.66%
SNA	A	0.64%
BKR	A	0.63%
IP	A	0.63%
IDCC	B	0.63%
DTM	A	0.61%
EMR	B	0.61%
PINC	B	0.61%
FOXA	A	0.59%
JCI	B	0.59%
CFR	B	0.59%
EA	A	0.59%
LH	B	0.59%
FOX	A	0.59%
OKE	A	0.59%
CINF	A	0.58%
RS	B	0.58%
CAH	B	0.58%
JHG	B	0.58%
WMB	A	0.58%
TXRH	B	0.57%
UNH	B	0.57%
SRE	A	0.57%
WSO	A	0.57%
PKG	A	0.57%
MO	A	0.57%
DGX	A	0.57%
KMI	A	0.57%
TROW	B	0.56%
ADP	A	0.56%
MTN	C	0.56%
TXN	C	0.56%
CTRA	B	0.56%
TRV	B	0.56%
CMI	A	0.56%
GILD	C	0.56%
SYK	B	0.56%
RF	A	0.56%
XEL	A	0.56%
FAST	B	0.56%
AEE	A	0.55%
ATR	B	0.55%
PAYX	B	0.55%
HPE	B	0.55%
CSCO	B	0.55%
CMCSA	B	0.55%
CVX	A	0.55%
EOG	A	0.55%
COST	A	0.55%
GLW	B	0.55%
COR	B	0.55%
DCI	B	0.55%
COP	C	0.55%
CTSH	B	0.55%
LHX	C	0.55%
ATO	A	0.54%
GNTX	C	0.54%
PPL	A	0.54%
T	A	0.54%
TJX	A	0.54%
GGG	B	0.54%
GD	D	0.54%
BMI	B	0.54%
DRI	B	0.54%
WMT	A	0.54%
PM	B	0.54%
OXM	F	0.53%
HPQ	B	0.53%
POWI	F	0.53%
AM	A	0.53%
ROP	B	0.53%
VLO	C	0.53%
CHD	A	0.53%
MSFT	D	0.53%
DOX	D	0.53%
MDT	D	0.52%
OMC	C	0.52%
CALM	A	0.52%
ABT	B	0.52%
PRU	A	0.52%
WEC	A	0.52%
NYT	D	0.52%
DLB	B	0.52%
CME	B	0.52%
XOM	B	0.52%
PEG	A	0.51%
LNT	A	0.51%
PG	C	0.51%
BDX	F	0.51%
DD	C	0.51%
PSX	C	0.51%
ADI	D	0.51%
ACN	B	0.51%
HIG	B	0.51%
CTVA	C	0.51%
FNF	B	0.51%
HRL	D	0.51%
EXPD	C	0.51%
RTX	D	0.51%
D	C	0.5%
DVN	F	0.5%
PEP	F	0.5%
CCOI	B	0.5%
FE	C	0.5%
CI	D	0.5%
AFL	B	0.5%
SO	C	0.5%
APD	A	0.5%
QCOM	F	0.5%
JKHY	D	0.5%
PFG	D	0.5%
UPS	C	0.5%
RGLD	C	0.5%
JNJ	C	0.49%
FLO	D	0.49%
CHE	D	0.49%
CAG	F	0.49%
DUK	C	0.49%
LIN	C	0.49%
KMB	C	0.48%
LYB	F	0.48%
KDP	F	0.48%
AOS	F	0.48%
ED	C	0.48%
PPG	F	0.48%
AEP	C	0.48%
BG	D	0.48%
WEN	D	0.48%
VZ	C	0.48%
SHOO	F	0.48%
RPRX	D	0.48%
AMCR	C	0.47%
HAS	D	0.47%
SWKS	F	0.47%
MRK	D	0.47%
KHC	F	0.47%
DHR	F	0.47%
BBY	D	0.47%
ABBV	F	0.47%
IBM	C	0.47%
ADM	D	0.46%
KO	D	0.46%
LEN	D	0.46%
PFE	F	0.46%
DOW	F	0.45%
MAN	F	0.45%
INSW	F	0.45%
GPC	D	0.45%
HUN	F	0.44%
ELV	F	0.44%
CVI	F	0.41%
CRI	F	0.4%
NEM	D	0.39%
SCCO	F	0.0%

PAPI Underweight 188 Positions Relative to FNK

Symbol	Grade	Weight
JXN	C	-0.87%
CNX	A	-0.86%
MTDR	B	-0.82%
NOG	B	-0.82%
ATKR	D	-0.8%
PTEN	C	-0.8%
CMC	B	-0.8%
HCC	B	-0.79%
OSK	C	-0.79%
AGO	B	-0.79%
SM	B	-0.78%
OVV	B	-0.78%
NFE	D	-0.76%
AL	B	-0.75%
TEX	F	-0.74%
AMG	B	-0.74%
CIVI	D	-0.73%
NOV	C	-0.73%
TMHC	C	-0.73%
AMR	C	-0.72%
PVH	C	-0.72%
URBN	C	-0.72%
LBRDK	C	-0.72%
RDN	D	-0.7%
MUR	D	-0.7%
PBF	D	-0.7%
CADE	B	-0.69%
LAD	A	-0.68%
RUSHA	C	-0.68%
MHO	D	-0.68%
RNR	C	-0.68%
LBRT	D	-0.67%
G	B	-0.67%
TPH	D	-0.67%
BWA	D	-0.67%
UGI	C	-0.67%
MATX	C	-0.66%
DAR	C	-0.65%
MTH	D	-0.65%
MGY	A	-0.64%
OZK	B	-0.64%
APA	D	-0.64%
R	B	-0.64%
CNO	B	-0.64%
LNC	C	-0.64%
JAZZ	B	-0.64%
RRC	B	-0.63%
DXC	B	-0.62%
COOP	B	-0.62%
GPI	B	-0.61%
ASO	F	-0.61%
ADTN	A	-0.6%
KRC	B	-0.6%
BEN	C	-0.6%
HRI	C	-0.6%
HOG	D	-0.6%
AAP	D	-0.59%
OTTR	C	-0.59%
CNXC	F	-0.59%
BKH	A	-0.58%
SOLV	D	-0.58%
HST	C	-0.58%
PNW	A	-0.58%
DDS	B	-0.57%
BCC	B	-0.57%
GBDC	D	-0.57%
BBWI	C	-0.56%
FHN	A	-0.55%
M	F	-0.55%
CLF	F	-0.55%
SR	A	-0.55%
SIG	B	-0.54%
ZION	B	-0.54%
SUM	B	-0.54%
WBS	A	-0.54%
KBH	D	-0.54%
WCC	B	-0.53%
MDU	D	-0.53%
ARW	D	-0.51%
COLB	B	-0.51%
UHS	D	-0.51%
SANM	B	-0.51%
AMKR	D	-0.5%
OMF	A	-0.5%
FNB	A	-0.5%
VLY	B	-0.48%
JBL	C	-0.48%
GMS	B	-0.48%
BYD	B	-0.48%
ALK	B	-0.48%
ABG	C	-0.47%
BERY	C	-0.46%
RIG	D	-0.45%
NXST	C	-0.44%
SWX	B	-0.44%
THO	B	-0.44%
AXS	A	-0.44%
GL	C	-0.43%
BC	C	-0.42%
ENS	F	-0.41%
SJM	D	-0.4%
AN	C	-0.4%
POST	C	-0.4%
OLN	F	-0.39%
OGN	F	-0.36%
MLI	B	-0.36%
WTFC	A	-0.35%
VNT	C	-0.34%
BECN	B	-0.34%
AEO	F	-0.34%
UBSI	B	-0.33%
HGV	C	-0.33%
SEIC	B	-0.33%
HWC	B	-0.33%
CMA	B	-0.33%
CRL	D	-0.32%
ACA	A	-0.32%
BOKF	B	-0.32%
CRC	A	-0.32%
ABCB	B	-0.32%
KNX	C	-0.31%
AR	B	-0.31%
UFPI	C	-0.3%
KFY	B	-0.3%
AIZ	A	-0.3%
ASGN	F	-0.3%
ALKS	C	-0.3%
CUZ	B	-0.3%
SLGN	A	-0.29%
WTRG	B	-0.29%
PNM	B	-0.29%
SLM	A	-0.29%
LPX	B	-0.29%
MMS	F	-0.28%
TNET	F	-0.28%
MIDD	C	-0.28%
JWN	D	-0.28%
DIOD	D	-0.27%
TKR	D	-0.26%
SKX	D	-0.26%
UHAL	D	-0.26%
AGCO	D	-0.26%
FIVE	F	-0.26%
REYN	D	-0.25%
WPC	C	-0.25%
PNFP	B	-0.18%
JEF	A	-0.17%
UMBF	B	-0.17%
EPAM	B	-0.17%
PFGC	B	-0.16%
UCB	A	-0.16%
SSB	B	-0.16%
AUB	B	-0.16%
SEM	B	-0.16%
GXO	B	-0.16%
AVNT	B	-0.15%
IVZ	B	-0.15%
FLR	B	-0.15%
VOYA	B	-0.15%
FELE	B	-0.15%
MUSA	B	-0.15%
WAL	B	-0.15%
BJ	A	-0.15%
TPR	B	-0.15%
DNB	B	-0.15%
STWD	C	-0.14%
CZR	F	-0.14%
FAF	A	-0.14%
LFUS	D	-0.14%
BPOP	C	-0.14%
FUL	F	-0.14%
WD	D	-0.14%
SEE	C	-0.14%
TTC	C	-0.14%
NJR	A	-0.14%
ALIT	C	-0.14%
PRGO	C	-0.14%
MAT	D	-0.14%
LSTR	D	-0.14%
SKY	A	-0.14%
WTS	B	-0.14%
IAC	F	-0.14%
NSP	F	-0.13%
HSIC	C	-0.13%
MGM	D	-0.13%
RYN	D	-0.13%
FBIN	D	-0.12%
OPCH	D	-0.1%