SEF vs. FTA ETF Comparison

Comparison of ProShares Short Financials (SEF) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* 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	SEF	FTA
30 Days	-7.06%	4.88%
60 Days	-9.74%	5.23%
90 Days	-11.63%	6.80%
12 Months	-26.67%	26.69%

35 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in FTA	Overlap
AFL	B	0.66%	0.5%	0.5%
AIG	B	0.77%	0.91%	0.77%
ALLY	C	0.19%	0.71%	0.19%
ARE	D	0.32%	0.32%	0.32%
BAC	A	4.46%	0.59%	0.59%
C	A	2.98%	0.76%	0.76%
CB	C	1.17%	0.7%	0.7%
CFG	B	0.3%	0.8%	0.3%
CINF	A	0.27%	0.96%	0.27%
COF	B	0.81%	0.86%	0.81%
DOC	D	0.3%	0.33%	0.3%
EG	C	0.19%	0.82%	0.19%
EQR	B	0.48%	0.5%	0.48%
FITB	A	0.35%	0.57%	0.35%
FNF	B	0.22%	0.34%	0.22%
HBAN	A	0.26%	0.84%	0.26%
HIG	B	0.37%	0.69%	0.37%
KEY	B	0.32%	0.4%	0.32%
L	A	0.23%	0.74%	0.23%
MAA	B	0.26%	0.17%	0.17%
MS	A	1.19%	0.65%	0.65%
MTB	A	0.36%	0.61%	0.36%
PFG	D	0.25%	0.17%	0.17%
PNC	B	1.13%	0.39%	0.39%
PRU	A	0.66%	0.36%	0.36%
RF	A	0.27%	0.58%	0.27%
RJF	A	0.2%	0.46%	0.2%
STT	A	0.5%	0.55%	0.5%
SYF	B	0.36%	1.14%	0.36%
TROW	B	0.52%	0.97%	0.52%
TRV	B	0.61%	0.56%	0.56%
USB	A	1.32%	0.56%	0.56%
WFC	A	3.19%	0.9%	0.9%
WRB	A	0.17%	0.18%	0.17%
WY	D	0.39%	0.16%	0.16%

SEF Overweight 62 Positions Relative to FTA

Symbol	Grade	Weight
BRK.A	B	7.56%
JPM	A	7.27%
V	A	5.88%
MA	C	4.83%
AMT	D	1.74%
AXP	A	1.49%
GS	A	1.34%
TFC	A	1.27%
CME	A	1.25%
SPGI	C	1.22%
BLK	C	1.06%
CCI	D	1.02%
PLD	D	1.0%
MMC	B	0.97%
SCHW	B	0.93%
ICE	C	0.91%
EQIX	A	0.84%
AON	A	0.83%
SPG	B	0.76%
PGR	A	0.75%
MCO	B	0.7%
MET	A	0.69%
BX	A	0.67%
BK	A	0.65%
ALL	A	0.64%
WELL	A	0.59%
PSA	D	0.56%
AVB	B	0.51%
SBAC	D	0.48%
DLR	B	0.44%
WTW	B	0.44%
DFS	B	0.44%
O	D	0.42%
MSCI	C	0.4%
CSGP	D	0.4%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
BXP	D	0.34%
CBRE	B	0.34%
ESS	B	0.34%
ACGL	D	0.31%
AJG	B	0.3%
INVH	D	0.28%
MKL	A	0.28%
MKTX	D	0.24%
WPC	D	0.24%
SUI	D	0.24%
EXR	D	0.24%
NLY	C	0.23%
UDR	B	0.23%
HST	C	0.22%
ELS	C	0.22%
NDAQ	A	0.21%
LNC	B	0.2%
MPW	F	0.19%
EQH	B	0.19%
GL	B	0.18%
FDS	B	0.18%
REG	B	0.18%
VNO	B	0.18%
CPT	B	0.18%

SEF Underweight 151 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
GM	B	-1.13%
DAL	C	-1.12%
PCAR	B	-1.02%
FOXA	B	-0.98%
EOG	A	-0.97%
STLD	B	-0.96%
CVX	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%
XOM	B	-0.9%
T	A	-0.89%
DVN	F	-0.88%
PSX	C	-0.87%
TOL	B	-0.87%
OXY	D	-0.86%
KMI	A	-0.85%
MPC	D	-0.85%
NUE	C	-0.85%
EQT	B	-0.82%
LNG	B	-0.82%
BG	F	-0.8%
PHM	D	-0.79%
LEN	D	-0.79%
OC	A	-0.78%
ETR	B	-0.78%
CVS	D	-0.77%
ADM	D	-0.77%
LYB	F	-0.76%
SRE	A	-0.76%
VTRS	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
CRBG	B	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
SLB	C	-0.73%
ATO	A	-0.73%
CTSH	B	-0.73%
CNP	B	-0.72%
AEE	A	-0.72%
KR	B	-0.72%
ZBH	C	-0.71%
CF	B	-0.7%
APTV	D	-0.66%
EXC	C	-0.66%
ON	D	-0.65%
VZ	C	-0.64%
DG	F	-0.64%
ED	D	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
BKR	B	-0.61%
SWKS	F	-0.6%
IP	B	-0.6%
DHI	D	-0.6%
TDY	B	-0.56%
LUV	C	-0.56%
CNC	D	-0.55%
NI	A	-0.53%
DGX	A	-0.52%
PPL	B	-0.51%
TXT	D	-0.5%
D	C	-0.5%
LNT	A	-0.5%
ULTA	F	-0.5%
TGT	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%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-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%
DIS	B	-0.4%
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%
CSX	B	-0.36%
WEC	A	-0.35%
SSNC	B	-0.35%
CMS	C	-0.34%
NVR	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
HSY	F	-0.33%
JNJ	D	-0.33%
EIX	B	-0.33%
FE	C	-0.32%
GIS	D	-0.31%
GPC	D	-0.31%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
ELV	F	-0.27%
PYPL	B	-0.19%
CMI	A	-0.19%
ODFL	B	-0.19%
ACN	C	-0.18%
LHX	C	-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%
LOW	D	-0.17%
HD	A	-0.17%
OMC	C	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
CPB	D	-0.16%
EXPD	D	-0.16%
LMT	D	-0.16%
DD	D	-0.16%
CI	F	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%
AWK	D	-0.15%
CAG	D	-0.14%