WOMN vs. FTA ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* 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	WOMN	FTA
30 Days	2.87%	4.88%
60 Days	2.73%	5.23%
90 Days	5.77%	6.80%
12 Months	26.34%	26.69%

81 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in FTA	Overlap
ACN	C	1.9%	0.18%	0.18%
ADM	D	0.15%	0.77%	0.15%
AEP	D	0.23%	0.47%	0.23%
AIG	B	0.24%	0.91%	0.24%
APD	A	0.27%	0.18%	0.18%
AWK	D	0.11%	0.15%	0.11%
BAC	A	1.25%	0.59%	0.59%
BBY	D	0.16%	0.45%	0.16%
BIIB	F	0.13%	0.44%	0.13%
BKR	B	0.17%	0.61%	0.17%
C	A	0.56%	0.76%	0.56%
CAG	D	0.07%	0.14%	0.07%
CARR	D	0.26%	0.33%	0.26%
CE	F	0.06%	0.48%	0.06%
CFG	B	0.04%	0.8%	0.04%
CI	F	0.5%	0.16%	0.16%
CLX	B	0.08%	0.17%	0.08%
CMI	A	0.2%	0.19%	0.19%
CMS	C	0.09%	0.34%	0.09%
CNP	B	0.08%	0.72%	0.08%
COF	B	0.24%	0.86%	0.24%
COP	C	0.65%	0.94%	0.65%
CPB	D	0.05%	0.16%	0.05%
CSCO	B	1.92%	0.38%	0.38%
CTVA	C	0.18%	0.17%	0.17%
CVX	A	1.31%	0.96%	0.96%
D	C	0.23%	0.5%	0.23%
DAL	C	0.12%	1.12%	0.12%
DD	D	0.15%	0.16%	0.15%
DOC	D	0.07%	0.33%	0.07%
DOW	F	0.17%	0.42%	0.17%
EBAY	D	0.29%	0.49%	0.29%
ED	D	0.16%	0.64%	0.16%
EIX	B	0.15%	0.33%	0.15%
ELV	F	0.59%	0.27%	0.27%
ETR	B	0.12%	0.78%	0.12%
EXC	C	0.19%	0.66%	0.19%
F	C	0.46%	0.92%	0.46%
FITB	A	0.13%	0.57%	0.13%
FTV	C	0.24%	0.16%	0.16%
GIS	D	0.19%	0.31%	0.19%
GM	B	0.49%	1.13%	0.49%
HBAN	A	0.09%	0.84%	0.09%
HIG	B	0.16%	0.69%	0.16%
HPE	B	0.19%	0.92%	0.19%
HPQ	B	0.36%	0.36%	0.36%
HSY	F	0.13%	0.33%	0.13%
INTC	D	0.81%	0.75%	0.75%
JNJ	D	1.82%	0.33%	0.33%
KEY	B	0.08%	0.4%	0.08%
KEYS	A	0.25%	0.17%	0.17%
KHC	F	0.16%	0.46%	0.16%
KR	B	0.17%	0.72%	0.17%
LNT	A	0.07%	0.5%	0.07%
LUV	C	0.07%	0.56%	0.07%
MDLZ	F	0.47%	0.15%	0.15%
MS	A	0.6%	0.65%	0.6%
NI	A	0.06%	0.53%	0.06%
OC	A	0.07%	0.78%	0.07%
OMC	C	0.09%	0.17%	0.09%
OXY	D	0.17%	0.86%	0.17%
PEP	F	1.17%	0.17%	0.17%
PFG	D	0.08%	0.17%	0.08%
PPG	F	0.13%	0.33%	0.13%
PPL	B	0.1%	0.51%	0.1%
PRU	A	0.19%	0.36%	0.19%
PSX	C	0.26%	0.87%	0.26%
PYPL	B	0.34%	0.19%	0.19%
RF	A	0.1%	0.58%	0.1%
RJF	A	0.1%	0.46%	0.1%
SBUX	A	1.03%	0.17%	0.17%
SRE	A	0.23%	0.76%	0.23%
STT	A	0.11%	0.55%	0.11%
SYF	B	0.09%	1.14%	0.09%
TGT	F	0.36%	0.5%	0.36%
TROW	B	0.11%	0.97%	0.11%
UPS	C	0.43%	0.17%	0.17%
USB	A	0.35%	0.56%	0.35%
VZ	C	0.82%	0.64%	0.64%
WFC	A	0.95%	0.9%	0.9%
XOM	B	2.53%	0.9%	0.9%

WOMN Overweight 117 Positions Relative to FTA

Symbol	Grade	Weight
AAPL	C	5.02%
META	D	4.85%
AMZN	C	4.47%
LLY	F	3.49%
MSFT	F	2.49%
UNH	C	2.47%
CRM	B	2.27%
ADBE	C	2.23%
MCD	D	2.04%
V	A	1.94%
PG	A	1.82%
MA	C	1.77%
IBM	C	1.64%
INTU	C	1.56%
ABBV	D	1.55%
NOW	A	1.42%
MRK	F	1.3%
KO	D	1.25%
UBER	D	1.22%
GE	D	0.88%
AMGN	D	0.82%
WMT	A	0.73%
NFLX	A	0.72%
UNP	C	0.71%
SPGI	C	0.7%
AXP	A	0.7%
PGR	A	0.67%
MSI	B	0.63%
BLK	C	0.6%
ETN	A	0.59%
REGN	F	0.55%
VRTX	F	0.54%
WDAY	B	0.51%
ADP	B	0.5%
AMT	D	0.49%
GILD	C	0.46%
ADSK	A	0.45%
TEL	B	0.43%
BMY	B	0.43%
TT	A	0.39%
EQIX	A	0.39%
CL	D	0.39%
WM	A	0.37%
MPWR	F	0.36%
TMUS	B	0.36%
YUM	B	0.36%
MMM	D	0.33%
WELL	A	0.33%
MCO	B	0.33%
LULU	C	0.29%
DECK	A	0.28%
EMR	A	0.28%
ECL	D	0.27%
HUBS	A	0.26%
NEM	D	0.26%
NSC	B	0.25%
ANSS	B	0.25%
WMB	A	0.24%
KMB	D	0.22%
MET	A	0.22%
JCI	C	0.22%
BK	A	0.22%
TYL	B	0.22%
AMP	A	0.21%
ALL	A	0.21%
RSG	A	0.19%
GWW	B	0.19%
PEG	A	0.18%
PCG	A	0.18%
PAYX	C	0.18%
VRSK	A	0.17%
DASH	A	0.17%
EA	A	0.16%
IR	B	0.16%
CBRE	B	0.16%
IRM	D	0.15%
XYL	D	0.15%
EXPE	B	0.15%
WSM	B	0.15%
GPN	B	0.14%
ROK	B	0.14%
OKTA	C	0.14%
VST	B	0.14%
CAH	B	0.13%
A	D	0.13%
WTW	B	0.13%
IFF	D	0.12%
VTR	C	0.11%
SCI	B	0.11%
EL	F	0.11%
CHD	B	0.11%
BAX	D	0.09%
BAH	F	0.09%
INVH	D	0.09%
K	A	0.09%
BMRN	D	0.08%
DAY	B	0.08%
PINS	D	0.08%
NTRS	A	0.08%
ESS	B	0.08%
TRU	D	0.08%
SWK	D	0.07%
HST	C	0.06%
IPG	D	0.06%
SJM	D	0.06%
ETSY	D	0.06%
PNR	A	0.06%
TAP	C	0.05%
REXR	F	0.05%
ALB	C	0.05%
ELS	C	0.05%
Z	A	0.04%
PNW	B	0.04%
MTCH	D	0.04%
RHI	B	0.03%
AGR	B	0.01%
ZG	A	0.01%

WOMN Underweight 105 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
PCAR	B	-1.02%
FOXA	B	-0.98%
EOG	A	-0.97%
STLD	B	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
CTRA	B	-0.93%
HAL	C	-0.91%
VLO	C	-0.91%
CMCSA	B	-0.91%
T	A	-0.89%
DVN	F	-0.88%
TOL	B	-0.87%
KMI	A	-0.85%
MPC	D	-0.85%
NUE	C	-0.85%
EG	C	-0.82%
EQT	B	-0.82%
LNG	B	-0.82%
BG	F	-0.8%
PHM	D	-0.79%
LEN	D	-0.79%
CVS	D	-0.77%
LYB	F	-0.76%
VTRS	A	-0.76%
FDX	B	-0.75%
CRBG	B	-0.74%
L	A	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
SLB	C	-0.73%
ATO	A	-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%
APTV	D	-0.66%
ON	D	-0.65%
DG	F	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
MTB	A	-0.61%
SWKS	F	-0.6%
IP	B	-0.6%
DHI	D	-0.6%
TDY	B	-0.56%
TRV	B	-0.56%
CNC	D	-0.55%
DGX	A	-0.52%
TXT	D	-0.5%
AFL	B	-0.5%
EQR	B	-0.5%
ULTA	F	-0.5%
HRL	D	-0.49%
DUK	C	-0.49%
SYY	B	-0.49%
DTE	C	-0.48%
BLDR	D	-0.48%
DE	A	-0.48%
STX	D	-0.46%
AKAM	D	-0.45%
OKE	A	-0.42%
ZM	B	-0.42%
DIS	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
TSN	B	-0.38%
NWSA	B	-0.38%
PKG	A	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
DRI	B	-0.36%
CSX	B	-0.36%
WEC	A	-0.35%
SSNC	B	-0.35%
FNF	B	-0.34%
NVR	D	-0.33%
ARE	D	-0.32%
FE	C	-0.32%
GPC	D	-0.31%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
ODFL	B	-0.19%
LHX	C	-0.18%
WRB	A	-0.18%
LH	C	-0.18%
IEX	B	-0.18%
J	F	-0.18%
GD	F	-0.17%
NDSN	B	-0.17%
MAA	B	-0.17%
LOW	D	-0.17%
HD	A	-0.17%
WY	D	-0.16%
EXPD	D	-0.16%
LMT	D	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
NKE	D	-0.15%