DTD vs. FAD ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to First Trust MuFirst Trust Multi CG AlphaDEX (FAD)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.83

Average Daily Volume

21,209

Number of Holdings ^*

811

* may have additional holdings in another (foreign) market

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD 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 Multi Cap Growth 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 Composite 1500(R) Growth 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

$148.38

Average Daily Volume

4,463

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

Performance

Period	DTD	FAD
30 Days	1.98%	9.58%
60 Days	4.63%	11.65%
90 Days	6.18%	14.77%
12 Months	30.71%	44.05%

260 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in FAD	Overlap
	A	D	0.03%	0.07%	0.03%
	AAON	B	0.01%	0.2%	0.01%
	AAPL	C	3.03%	0.17%	0.17%
	ADC	A	0.01%	0.17%	0.01%
	ADP	A	0.34%	0.09%	0.09%
	AESI	B	0.01%	0.05%	0.01%
	AGM	B	0.01%	0.05%	0.01%
	AIT	B	0.04%	0.2%	0.04%
	AJG	A	0.07%	0.26%	0.07%
	ALL	A	0.15%	0.44%	0.15%
	ALSN	B	0.03%	0.25%	0.03%
	AM	A	0.06%	0.04%	0.04%
	AMGN	F	0.55%	0.15%	0.15%
	AMP	A	0.14%	0.41%	0.14%
	AMT	C	0.27%	0.21%	0.21%
	AOS	F	0.02%	0.07%	0.02%
	APH	A	0.15%	0.18%	0.15%
	APO	B	0.2%	0.32%	0.2%
	APOG	C	0.02%	0.08%	0.02%
	ARES	A	0.1%	0.18%	0.1%
	AROC	A	0.03%	0.06%	0.03%
	ATR	B	0.03%	0.09%	0.03%
	AVB	B	0.16%	0.08%	0.08%
	AVGO	D	2.39%	0.32%	0.32%
	AWI	A	0.02%	0.15%	0.02%
	AWR	B	0.03%	0.02%	0.02%
	AXP	A	0.32%	0.44%	0.32%
	AZZ	A	0.01%	0.07%	0.01%
	BAH	F	0.04%	0.29%	0.04%
	BANC	B	0.02%	0.05%	0.02%
	BANF	B	0.03%	0.08%	0.03%
	BCO	F	0.01%	0.16%	0.01%
	BK	A	0.23%	0.46%	0.23%
	BKNG	A	0.3%	0.29%	0.29%
	BMI	B	0.01%	0.16%	0.01%
	BR	A	0.07%	0.26%	0.07%
	BRC	D	0.02%	0.06%	0.02%
	BRKR	D	0.01%	0.03%	0.01%
	BRO	B	0.04%	0.36%	0.04%
	BRX	A	0.04%	0.09%	0.04%
	BWXT	B	0.03%	0.15%	0.03%
	CAKE	C	0.02%	0.08%	0.02%
	CASY	A	0.02%	0.27%	0.02%
	CAT	B	0.45%	0.33%	0.33%
	CBOE	C	0.05%	0.17%	0.05%
	CBSH	B	0.02%	0.1%	0.02%
	CBT	D	0.03%	0.16%	0.03%
	CCI	C	0.22%	0.07%	0.07%
	CCOI	B	0.03%	0.1%	0.03%
	CEG	C	0.08%	0.37%	0.08%
	CFR	B	0.04%	0.1%	0.04%
	CHCO	B	0.01%	0.08%	0.01%
	CHD	A	0.04%	0.09%	0.04%
	CHDN	B	0.01%	0.09%	0.01%
	CHE	D	0.01%	0.04%	0.01%
	CHH	A	0.01%	0.05%	0.01%
	CL	D	0.3%	0.22%	0.22%
	CNS	B	0.03%	0.13%	0.03%
	COKE	C	0.01%	0.19%	0.01%
	COST	A	0.44%	0.35%	0.35%
	CPK	A	0.01%	0.05%	0.01%
	CPT	B	0.03%	0.08%	0.03%
	CRM	B	0.25%	0.1%	0.1%
	CRS	B	0.01%	0.23%	0.01%
	CSL	C	0.04%	0.24%	0.04%
	CTAS	B	0.15%	0.35%	0.15%
	CUBE	C	0.06%	0.08%	0.06%
	DCI	B	0.03%	0.04%	0.03%
	DELL	B	0.06%	0.19%	0.06%
	DKS	D	0.04%	0.12%	0.04%
	DLR	B	0.17%	0.09%	0.09%
	DOV	A	0.06%	0.18%	0.06%
	DTM	A	0.05%	0.11%	0.05%
	ECL	D	0.13%	0.24%	0.13%
	EFX	F	0.03%	0.21%	0.03%
	EGP	D	0.01%	0.04%	0.01%
	EHC	B	0.03%	0.17%	0.03%
	EME	A	0.01%	0.49%	0.01%
	EPR	C	0.02%	0.04%	0.02%
	EQIX	A	0.16%	0.08%	0.08%
	ERIE	D	0.04%	0.32%	0.04%
	ESI	B	0.02%	0.04%	0.02%
	ESS	B	0.06%	0.08%	0.06%
	EWBC	A	0.06%	0.21%	0.06%
	EXP	B	0.02%	0.17%	0.02%
	EXPO	D	0.01%	0.07%	0.01%
	EXR	C	0.15%	0.15%	0.15%
	FAST	B	0.19%	0.09%	0.09%
	FBP	C	0.03%	0.09%	0.03%
	FCNCA	A	0.03%	0.4%	0.03%
	FCPT	C	0.02%	0.05%	0.02%
	FFIN	B	0.01%	0.19%	0.01%
	FIX	A	0.01%	0.24%	0.01%
	FLS	B	0.03%	0.14%	0.03%
	FR	D	0.02%	0.04%	0.02%
	GAP	C	0.03%	0.08%	0.03%
	GATX	A	0.01%	0.05%	0.01%
	GE	D	0.16%	0.32%	0.16%
	GEN	B	0.05%	0.36%	0.05%
	GLPI	C	0.06%	0.08%	0.06%
	GOLF	B	0.01%	0.04%	0.01%
	GOOGL	C	0.87%	0.09%	0.09%
	GPK	C	0.03%	0.08%	0.03%
	GPN	B	0.03%	0.09%	0.03%
	GS	A	0.69%	0.5%	0.5%
	GTY	A	0.02%	0.05%	0.02%
	GWW	B	0.1%	0.28%	0.1%
	HCA	F	0.11%	0.35%	0.11%
	HEES	C	0.01%	0.06%	0.01%
	HEI	A	0.03%	0.44%	0.03%
	HLI	A	0.04%	0.19%	0.04%
	HLNE	B	0.03%	0.24%	0.03%
	HLT	A	0.06%	0.27%	0.06%
	HNI	B	0.02%	0.12%	0.02%
	HOMB	A	0.03%	0.14%	0.03%
	HRB	D	0.05%	0.16%	0.05%
	HUBB	B	0.05%	0.26%	0.05%
	HWM	A	0.04%	0.48%	0.04%
	IBKR	A	0.02%	0.22%	0.02%
	IBM	C	1.21%	0.32%	0.32%
	IBOC	B	0.02%	0.15%	0.02%
	IBP	D	0.01%	0.14%	0.01%
	ICE	C	0.21%	0.24%	0.21%
	IDCC	B	0.02%	0.16%	0.02%
	IIPR	D	0.01%	0.06%	0.01%
	IPAR	B	0.02%	0.04%	0.02%
	IR	B	0.05%	0.17%	0.05%
	IRDM	D	0.01%	0.02%	0.01%
	IRM	C	0.11%	0.41%	0.11%
	ITT	A	0.04%	0.17%	0.04%
	ITW	B	0.31%	0.08%	0.08%
	JJSF	C	0.01%	0.05%	0.01%
	JPM	A	3.09%	0.39%	0.39%
	KKR	A	0.13%	0.49%	0.13%
	KLAC	F	0.1%	0.07%	0.07%
	KMB	C	0.26%	0.08%	0.08%
	KNSL	B	0.01%	0.08%	0.01%
	KNTK	A	0.02%	0.06%	0.02%
	KO	D	1.4%	0.15%	0.15%
	KTB	B	0.03%	0.23%	0.03%
	KW	C	0.0%	0.05%	0.0%
	LAMR	C	0.06%	0.08%	0.06%
	LII	A	0.05%	0.35%	0.05%
	LLY	F	0.63%	0.14%	0.14%
	LPLA	A	0.03%	0.11%	0.03%
	LVS	B	0.08%	0.24%	0.08%
	MA	B	0.45%	0.09%	0.09%
	MAC	B	0.0%	0.05%	0.0%
	MAR	A	0.15%	0.19%	0.15%
	MCD	D	0.83%	0.16%	0.16%
	MCO	B	0.11%	0.25%	0.11%
	MCY	A	0.02%	0.14%	0.02%
	META	D	0.92%	0.33%	0.33%
	MGEE	B	0.02%	0.06%	0.02%
	MKTX	D	0.01%	0.09%	0.01%
	MMC	B	0.25%	0.17%	0.17%
	MO	A	0.7%	0.19%	0.19%
	MORN	B	0.01%	0.04%	0.01%
	MPWR	F	0.03%	0.11%	0.03%
	MSCI	C	0.05%	0.08%	0.05%
	MSI	B	0.15%	0.37%	0.15%
	MU	D	0.08%	0.08%	0.08%
	MWA	B	0.02%	0.11%	0.02%
	NBHC	C	0.02%	0.11%	0.02%
	NDAQ	A	0.07%	0.27%	0.07%
	NEU	D	0.02%	0.04%	0.02%
	NNN	C	0.04%	0.04%	0.04%
	NRG	B	0.07%	0.43%	0.07%
	NSA	C	0.02%	0.06%	0.02%
	NTAP	C	0.08%	0.24%	0.08%
	NTRS	A	0.09%	0.41%	0.09%
	NVDA	B	2.38%	0.39%	0.39%
	NYT	D	0.02%	0.12%	0.02%
	O	C	0.25%	0.15%	0.15%
	ONB	C	0.02%	0.14%	0.02%
	ORA	B	0.01%	0.09%	0.01%
	ORCL	A	0.74%	0.37%	0.37%
	OTIS	C	0.1%	0.16%	0.1%
	OWL	A	0.05%	0.05%	0.05%
	PAYC	B	0.01%	0.05%	0.01%
	PAYX	B	0.25%	0.09%	0.09%
	PBI	B	0.01%	0.12%	0.01%
	PCG	A	0.04%	0.36%	0.04%
	PEG	A	0.26%	0.34%	0.26%
	PG	C	1.61%	0.08%	0.08%
	PGR	A	0.13%	0.43%	0.13%
	PH	A	0.2%	0.37%	0.2%
	PM	B	1.16%	0.37%	0.37%
	POWL	C	0.01%	0.16%	0.01%
	PRGS	A	0.02%	0.09%	0.02%
	PRI	B	0.03%	0.14%	0.03%
	PRK	B	0.01%	0.11%	0.01%
	PSA	C	0.25%	0.23%	0.23%
	PWR	A	0.04%	0.46%	0.04%
	PZZA	F	0.01%	0.02%	0.01%
	QCOM	F	0.42%	0.08%	0.08%
	QCRH	B	0.03%	0.14%	0.03%
	REG	A	0.02%	0.09%	0.02%
	RGLD	C	0.02%	0.04%	0.02%
	RHP	B	0.02%	0.09%	0.02%
	RL	C	0.03%	0.18%	0.03%
	RLI	A	0.01%	0.09%	0.01%
	RMD	C	0.04%	0.33%	0.04%
	ROL	B	0.04%	0.17%	0.04%
	ROST	D	0.06%	0.16%	0.06%
	RRR	F	0.01%	0.02%	0.01%
	RSG	A	0.1%	0.18%	0.1%
	SBAC	D	0.02%	0.08%	0.02%
	SBRA	C	0.02%	0.12%	0.02%
	SCI	B	0.03%	0.14%	0.03%
	SCS	C	0.01%	0.05%	0.01%
	SFBS	C	0.01%	0.24%	0.01%
	SHW	B	0.13%	0.33%	0.13%
	SKT	A	0.01%	0.05%	0.01%
	SLG	B	0.01%	0.18%	0.01%
	SLVM	B	0.01%	0.12%	0.01%
	SMG	C	0.03%	0.14%	0.03%
	SO	C	0.41%	0.24%	0.24%
	SPG	A	0.4%	0.18%	0.18%
	SPGI	C	0.16%	0.24%	0.16%
	SSD	F	0.02%	0.04%	0.02%
	STEP	C	0.02%	0.14%	0.02%
	STRA	C	0.01%	0.02%	0.01%
	SXT	C	0.01%	0.05%	0.01%
	SYBT	B	0.02%	0.11%	0.02%
	SYK	B	0.24%	0.09%	0.09%
	TECH	F	0.01%	0.03%	0.01%
	TJX	A	0.35%	0.25%	0.25%
	TKO	A	0.02%	0.17%	0.02%
	TMUS	B	0.76%	0.39%	0.39%
	TNL	A	0.03%	0.06%	0.03%
	TPG	A	0.02%	0.19%	0.02%
	TPL	A	0.04%	0.39%	0.04%
	TRGP	A	0.11%	0.57%	0.11%
	TRN	B	0.02%	0.13%	0.02%
	TSCO	D	0.08%	0.23%	0.08%
	TTEK	F	0.02%	0.18%	0.02%
	TW	A	0.02%	0.13%	0.02%
	TXRH	B	0.06%	0.18%	0.06%
	UDR	B	0.05%	0.04%	0.04%
	URI	C	0.08%	0.43%	0.08%
	VCTR	B	0.03%	0.11%	0.03%
	VICI	C	0.25%	0.16%	0.16%
	VLTO	C	0.01%	0.23%	0.01%
	VRT	B	0.03%	0.52%	0.03%
	VST	A	0.18%	0.52%	0.18%
	VTR	B	0.08%	0.42%	0.08%
	WAB	B	0.04%	0.45%	0.04%
	WDFC	B	0.01%	0.05%	0.01%
	WELL	A	0.19%	0.26%	0.19%
	WEN	D	0.03%	0.02%	0.02%
	WHD	B	0.02%	0.14%	0.02%
	WM	B	0.24%	0.09%	0.09%
	WMB	A	0.35%	0.21%	0.21%
	WSM	C	0.05%	0.15%	0.05%
	WSO	A	0.06%	0.26%	0.06%
	WWD	C	0.02%	0.12%	0.02%
	WWW	A	0.01%	0.15%	0.01%
	XYL	D	0.04%	0.22%	0.04%
	ZTS	D	0.12%	0.07%	0.07%

DTD Overweight 551 Positions Relative to FAD

	Symbol	Grade	Weight
	MSFT	D	2.78%
	XOM	B	2.48%
	ABBV	F	1.97%
	JNJ	C	1.83%
	HD	B	1.78%
	WMT	A	1.61%
	CVX	A	1.51%
	CSCO	B	1.3%
	UNH	B	1.24%
	BAC	A	1.22%
	PEP	F	1.12%
	MS	A	1.03%
	WFC	A	0.9%
	CMCSA	B	0.88%
	MRK	D	0.79%
	V	A	0.67%
	TXN	C	0.65%
	C	A	0.63%
	GOOG	C	0.57%
	LOW	C	0.57%
	BMY	B	0.57%
	RTX	D	0.56%
	HON	C	0.53%
	GILD	C	0.47%
	LMT	D	0.45%
	BLK	B	0.43%
	UPS	C	0.43%
	ABT	B	0.42%
	USB	A	0.42%
	EOG	A	0.41%
	DUK	C	0.39%
	PNC	B	0.39%
	BX	A	0.39%
	OKE	A	0.38%
	MDLZ	F	0.37%
	UNP	C	0.37%
	PLD	F	0.33%
	D	C	0.32%
	COP	C	0.32%
	SBUX	A	0.31%
	PCAR	B	0.29%
	AFL	B	0.26%
	TGT	F	0.25%
	PRU	A	0.25%
	CVS	D	0.25%
	AEP	C	0.24%
	SCHW	B	0.23%
	XEL	A	0.22%
	ETR	B	0.22%
	MET	A	0.22%
	MPC	D	0.22%
	FIS	C	0.21%
	KHC	F	0.21%
	CI	D	0.21%
	ADI	D	0.21%
	PSX	C	0.2%
	GD	D	0.2%
	SRE	A	0.2%
	CME	B	0.19%
	ED	C	0.19%
	APD	A	0.19%
	DOW	F	0.19%
	KVUE	A	0.19%
	EMR	B	0.19%
	DE	B	0.18%
	VLO	C	0.17%
	GLW	B	0.17%
	CMI	A	0.17%
	DIS	B	0.17%
	INTU	B	0.17%
	SYY	D	0.17%
	FITB	B	0.16%
	MTB	A	0.16%
	NSC	B	0.16%
	FDX	B	0.16%
	GIS	D	0.16%
	KR	B	0.16%
	COF	C	0.16%
	TMO	F	0.16%
	HPQ	B	0.15%
	TRV	B	0.15%
	EXC	C	0.15%
	EIX	B	0.15%
	RF	A	0.15%
	NOC	D	0.14%
	AMAT	F	0.14%
	KDP	F	0.14%
	NKE	F	0.14%
	DHR	F	0.14%
	TROW	B	0.13%
	STT	B	0.13%
	DFS	B	0.13%
	HBAN	A	0.13%
	HIG	B	0.13%
	K	A	0.13%
	ELV	F	0.13%
	AIG	B	0.13%
	BDX	F	0.12%
	LRCX	F	0.12%
	AEE	A	0.12%
	BKR	A	0.12%
	LHX	C	0.12%
	CSX	C	0.11%
	BBY	D	0.11%
	GM	C	0.11%
	PKG	A	0.11%
	WEC	A	0.11%
	ES	C	0.11%
	STZ	D	0.11%
	YUM	D	0.11%
	FE	C	0.11%
	DRI	B	0.11%
	CARR	C	0.1%
	PPL	A	0.1%
	CRBG	B	0.1%
	ATO	A	0.1%
	IP	A	0.1%
	EQR	C	0.1%
	DD	C	0.09%
	PFG	D	0.09%
	VTRS	A	0.09%
	SYF	B	0.09%
	DTE	C	0.09%
	EBAY	D	0.09%
	FANG	C	0.09%
	PNW	A	0.08%
	ADM	D	0.08%
	MCK	A	0.08%
	HSY	F	0.08%
	CG	B	0.08%
	CINF	A	0.08%
	TSN	B	0.08%
	HPE	B	0.08%
	CTSH	B	0.08%
	PPG	F	0.08%
	OMC	C	0.08%
	LNG	A	0.08%
	SNA	A	0.08%
	EVRG	A	0.08%
	HRL	D	0.07%
	CAG	F	0.07%
	JEF	A	0.07%
	CMS	C	0.07%
	ORI	A	0.07%
	CAH	B	0.07%
	WRB	A	0.07%
	OXY	D	0.07%
	COR	B	0.07%
	ARE	F	0.07%
	EQT	B	0.07%
	MCHP	F	0.07%
	FNF	B	0.07%
	CLX	A	0.07%
	JXN	C	0.06%
	GPC	D	0.06%
	TPR	B	0.06%
	IPG	D	0.06%
	MKC	C	0.06%
	AWK	C	0.06%
	OGE	A	0.06%
	WPC	C	0.06%
	BEN	C	0.06%
	UNM	A	0.06%
	LUV	C	0.06%
	RJF	A	0.06%
	CMA	B	0.06%
	LNT	A	0.06%
	RGA	A	0.06%
	MAA	B	0.06%
	NI	A	0.06%
	LEN	D	0.06%
	DHI	F	0.06%
	HES	B	0.06%
	ROK	C	0.06%
	INVH	D	0.05%
	LNC	C	0.05%
	SJM	D	0.05%
	AME	A	0.05%
	WBS	A	0.05%
	JNPR	D	0.05%
	INGR	C	0.05%
	ALLY	C	0.05%
	VMC	B	0.05%
	KIM	A	0.05%
	EVR	B	0.05%
	PHM	D	0.05%
	OMF	A	0.05%
	RS	B	0.05%
	HAL	C	0.05%
	DAL	B	0.05%
	CPB	D	0.05%
	FOX	A	0.05%
	SWK	D	0.05%
	EMN	C	0.05%
	MAS	D	0.05%
	ROP	B	0.05%
	CNA	C	0.05%
	EQH	C	0.05%
	NUE	C	0.05%
	UI	B	0.05%
	CNP	A	0.05%
	ASB	B	0.04%
	MRO	B	0.04%
	HST	C	0.04%
	VLY	B	0.04%
	VRSK	A	0.04%
	MLI	B	0.04%
	RPM	A	0.04%
	ACI	C	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	RDN	D	0.04%
	SWKS	F	0.04%
	MTG	C	0.04%
	OC	A	0.04%
	CF	A	0.04%
	EA	A	0.04%
	CHRW	B	0.04%
	FRT	B	0.04%
	ZION	B	0.04%
	OVV	B	0.04%
	TAP	C	0.04%
	NWE	B	0.04%
	FHB	B	0.04%
	CHRD	D	0.04%
	ODFL	C	0.04%
	DGX	A	0.04%
	FNB	A	0.04%
	SW	A	0.04%
	LDOS	C	0.04%
	MLM	C	0.04%
	WY	F	0.04%
	SNV	C	0.04%
	STLD	B	0.04%
	RUSHA	C	0.03%
	WLK	D	0.03%
	WH	B	0.03%
	KBH	D	0.03%
	FTV	C	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	PNM	B	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	NWSA	A	0.03%
	ACT	C	0.03%
	CNO	B	0.03%
	TMP	B	0.03%
	OFG	B	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	SON	F	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	AVY	F	0.03%
	ALE	A	0.03%
	WST	C	0.03%
	JWN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	DPZ	C	0.03%
	OGN	F	0.03%
	AIZ	A	0.03%
	WSBC	B	0.03%
	OGS	A	0.03%
	OZK	B	0.03%
	WU	F	0.03%
	R	B	0.03%
	DINO	D	0.03%
	PATK	C	0.03%
	FAF	A	0.03%
	HUM	C	0.03%
	COLB	B	0.03%
	SUI	C	0.03%
	LKQ	F	0.03%
	MTN	C	0.03%
	AFG	A	0.03%
	SFNC	C	0.03%
	GEHC	D	0.03%
	WTRG	B	0.03%
	BALL	F	0.03%
	SF	B	0.03%
	MC	C	0.03%
	FIBK	B	0.03%
	WAL	B	0.03%
	NFG	A	0.03%
	PB	B	0.03%
	TFSL	A	0.03%
	LECO	C	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	LH	B	0.03%
	PFS	B	0.03%
	UGI	C	0.03%
	PAG	B	0.03%
	BPOP	C	0.03%
	EXPD	C	0.03%
	CDW	F	0.03%
	SSNC	B	0.03%
	BANR	B	0.03%
	KMPR	A	0.02%
	EGBN	B	0.02%
	HTH	C	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	ZWS	B	0.02%
	M	F	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	UMBF	B	0.02%
	FRME	B	0.02%
	CRI	F	0.02%
	IOSP	C	0.02%
	CWEN	C	0.02%
	BERY	C	0.02%
	UVSP	B	0.02%
	BFH	C	0.02%
	VAC	C	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	SPB	C	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	ARMK	B	0.02%
	TDS	B	0.02%
	SEM	B	0.02%
	HWC	B	0.02%
	MRTN	D	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	UPBD	B	0.02%
	JBL	C	0.02%
	ACM	B	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	SEIC	B	0.02%
	AL	B	0.02%
	WSFS	B	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	MOS	F	0.02%
	STC	B	0.02%
	BYD	B	0.02%
	LAD	A	0.02%
	NDSN	B	0.02%
	MGY	A	0.02%
	TXT	D	0.02%
	ADTN	A	0.02%
	OSK	C	0.02%
	LW	C	0.02%
	AMH	C	0.02%
	UBSI	B	0.02%
	UHS	D	0.02%
	VIRT	A	0.02%
	PINC	B	0.02%
	RHI	C	0.02%
	CMC	B	0.02%
	FCF	B	0.02%
	CRC	A	0.02%
	LCII	C	0.02%
	MATX	C	0.02%
	MUR	D	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	B	0.02%
	BRKL	B	0.02%
	FFBC	B	0.02%
	PII	F	0.02%
	LPX	B	0.02%
	OCFC	B	0.02%
	TRMK	C	0.02%
	KMT	B	0.02%
	BBWI	C	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	0.02%
	TTC	C	0.02%
	CE	F	0.02%
	HAFC	B	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	D	0.02%
	JKHY	D	0.02%
	SLM	A	0.02%
	FULT	A	0.02%
	HRI	C	0.02%
	JBHT	C	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	C	0.02%
	SSB	B	0.02%
	CVBF	A	0.02%
	STBA	B	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	ZBH	C	0.02%
	FDS	B	0.02%
	TRST	B	0.02%
	J	D	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	APA	D	0.02%
	REYN	D	0.02%
	HII	F	0.02%
	CADE	B	0.02%
	ALB	B	0.02%
	NJR	A	0.02%
	GEF	A	0.02%
	GBCI	B	0.02%
	NOG	B	0.02%
	GGG	B	0.02%
	POOL	C	0.02%
	FBMS	B	0.02%
	IEX	C	0.02%
	AVT	C	0.02%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	F	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	WMG	D	0.01%
	VSH	F	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	MLKN	F	0.01%
	PCH	F	0.01%
	CABO	B	0.01%
	TOL	B	0.01%
	OXM	F	0.01%
	SCL	C	0.01%
	ENS	F	0.01%
	WINA	C	0.01%
	MUSA	B	0.01%
	BLMN	F	0.01%
	HXL	F	0.01%
	LEVI	F	0.01%
	LBRT	D	0.01%
	PRDO	B	0.01%
	CWEN	C	0.01%
	OLED	F	0.01%
	ASH	F	0.01%
	XRX	F	0.01%
	GBX	A	0.01%
	HOG	D	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	GL	C	0.01%
	WKC	C	0.01%
	KRO	C	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	C	0.01%
	COLM	C	0.01%
	SLGN	A	0.01%
	X	B	0.01%
	SEB	F	0.01%
	PDCO	F	0.01%
	NAVI	F	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	SAFT	B	0.01%
	LEG	F	0.01%
	KRC	B	0.01%
	UTZ	D	0.01%
	MAN	F	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	HP	C	0.01%
	KLG	B	0.01%
	BHE	C	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	KWR	C	0.01%
	EPC	F	0.01%
	SSBK	B	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	F	0.01%
	MSA	F	0.01%
	FG	A	0.01%
	OLN	F	0.01%
	KBR	F	0.01%
	L	A	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	BSY	F	0.01%
	ABM	B	0.01%
	CFFN	C	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	VMI	B	0.01%
	PFBC	B	0.01%
	UTL	B	0.01%
	LFUS	D	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	F	0.01%
	WGO	C	0.01%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	C	0.01%
	WMS	F	0.01%
	WD	D	0.01%
	BKU	A	0.01%
	SHOO	F	0.01%
	JBT	B	0.01%
	TER	F	0.01%
	PTEN	C	0.01%
	SNX	D	0.01%
	WTFC	A	0.01%
	MSBI	B	0.01%
	CCK	D	0.01%
	SEE	C	0.01%
	CVI	F	0.01%
	PNFP	B	0.01%
	POWI	F	0.0%
	NWS	A	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	UWMC	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 380 Positions Relative to FAD

	Symbol	Grade	Weight
	APP	B	-0.96%
	PLTR	B	-0.69%
	AXON	A	-0.63%
	CVNA	B	-0.59%
	RCL	A	-0.55%
	DASH	B	-0.51%
	EXPE	B	-0.51%
	GDDY	A	-0.5%
	HOOD	B	-0.5%
	FICO	B	-0.49%
	CCL	A	-0.45%
	BURL	B	-0.44%
	TT	A	-0.44%
	CPNG	D	-0.42%
	UTHR	C	-0.42%
	LYV	A	-0.41%
	FI	A	-0.4%
	GRMN	B	-0.4%
	RBLX	C	-0.39%
	THC	D	-0.39%
	NOW	A	-0.38%
	ACGL	C	-0.37%
	BSX	A	-0.36%
	ANET	C	-0.33%
	FSLR	F	-0.33%
	AFRM	A	-0.32%
	NEE	C	-0.31%
	COIN	C	-0.31%
	SOFI	B	-0.3%
	TDG	D	-0.3%
	ALNY	D	-0.29%
	FTNT	C	-0.29%
	NFLX	A	-0.29%
	SFM	A	-0.27%
	ISRG	A	-0.27%
	DECK	A	-0.27%
	TTD	B	-0.26%
	AX	B	-0.26%
	PIPR	A	-0.25%
	QTWO	A	-0.25%
	NTRA	A	-0.25%
	BRK.A	B	-0.25%
	TYL	B	-0.25%
	FOUR	A	-0.24%
	CORT	B	-0.24%
	RDNT	B	-0.24%
	MANH	D	-0.24%
	RKLB	A	-0.24%
	DUOL	A	-0.23%
	UBER	F	-0.23%
	CSWI	B	-0.23%
	TOST	B	-0.23%
	TSLA	B	-0.22%
	EXEL	B	-0.22%
	KNF	B	-0.22%
	ACIW	B	-0.22%
	COHR	B	-0.22%
	CW	C	-0.22%
	MOG.A	B	-0.22%
	CVLT	B	-0.22%
	ITRI	C	-0.22%
	DY	D	-0.21%
	ENSG	C	-0.21%
	IOT	A	-0.21%
	CPAY	A	-0.2%
	MOD	A	-0.2%
	DVA	C	-0.2%
	LTH	C	-0.2%
	ADSK	A	-0.19%
	PODD	C	-0.19%
	MSTR	B	-0.19%
	PSN	D	-0.19%
	HIMS	B	-0.19%
	GMED	A	-0.19%
	PANW	B	-0.19%
	EAT	A	-0.19%
	EXLS	B	-0.19%
	PEGA	B	-0.19%
	MMSI	A	-0.18%
	GWRE	A	-0.18%
	ATI	C	-0.18%
	ORLY	B	-0.18%
	CRVL	B	-0.18%
	ETN	A	-0.18%
	AMZN	C	-0.18%
	FRPT	A	-0.18%
	CACI	D	-0.18%
	BOOT	C	-0.17%
	AZO	C	-0.17%
	PAYO	A	-0.17%
	ANF	F	-0.17%
	ITGR	B	-0.17%
	AUR	C	-0.17%
	IT	C	-0.17%
	KEX	B	-0.17%
	ROAD	B	-0.16%
	DOCU	B	-0.16%
	NCLH	B	-0.16%
	IESC	C	-0.16%
	BFAM	D	-0.16%
	FSS	B	-0.16%
	EPRT	B	-0.16%
	PRIM	A	-0.16%
	AVAV	C	-0.16%
	CRDO	B	-0.16%
	TRUP	B	-0.15%
	BLD	D	-0.15%
	GVA	A	-0.15%
	AYI	B	-0.15%
	KAI	B	-0.15%
	LMND	B	-0.15%
	PLNT	A	-0.15%
	BRBR	A	-0.15%
	RIVN	F	-0.15%
	TGTX	B	-0.15%
	STRL	A	-0.15%
	PI	D	-0.14%
	FTDR	B	-0.14%
	FFIV	B	-0.14%
	PRCT	B	-0.14%
	ZETA	D	-0.14%
	CNK	C	-0.14%
	S	B	-0.14%
	ATGE	B	-0.14%
	PJT	A	-0.14%
	USLM	A	-0.14%
	LRN	A	-0.14%
	ENVA	B	-0.14%
	DOCS	C	-0.14%
	WULF	C	-0.14%
	LNTH	D	-0.14%
	TBBK	B	-0.13%
	CLH	C	-0.13%
	BDC	C	-0.13%
	REVG	C	-0.13%
	ACLX	C	-0.13%
	GSHD	A	-0.13%
	AXSM	B	-0.13%
	BOX	B	-0.13%
	VCYT	B	-0.13%
	HASI	D	-0.13%
	RYAN	A	-0.13%
	RYTM	C	-0.13%
	OLLI	D	-0.12%
	CHEF	A	-0.12%
	HWKN	B	-0.12%
	ADMA	B	-0.12%
	WYNN	C	-0.12%
	NHC	C	-0.12%
	DSGR	C	-0.12%
	ALLE	C	-0.12%
	SKWD	A	-0.12%
	AMRX	C	-0.12%
	CALM	A	-0.12%
	OHI	C	-0.12%
	DT	D	-0.12%
	AZEK	A	-0.12%
	SKYW	C	-0.12%
	HALO	F	-0.12%
	LMAT	A	-0.11%
	KYMR	D	-0.11%
	PTGX	D	-0.11%
	OSW	B	-0.11%
	VRNS	D	-0.11%
	PLMR	A	-0.11%
	PRM	C	-0.11%
	ALKT	B	-0.11%
	RNA	C	-0.11%
	INTA	B	-0.11%
	ALHC	C	-0.11%
	DORM	B	-0.11%
	INSM	C	-0.11%
	CWAN	B	-0.11%
	CDE	C	-0.11%
	AGIO	C	-0.11%
	PTON	A	-0.11%
	SATS	D	-0.11%
	SGBX	F	-0.11%
	OUT	A	-0.1%
	ESAB	C	-0.1%
	GME	C	-0.1%
	LFST	B	-0.1%
	AORT	B	-0.1%
	SMTC	B	-0.1%
	CENX	B	-0.1%
	WING	D	-0.1%
	RARE	F	-0.1%
	PCTY	C	-0.1%
	SABR	C	-0.1%
	RVMD	C	-0.1%
	CRWD	B	-0.1%
	CPRX	C	-0.1%
	MTCH	D	-0.1%
	PTCT	B	-0.1%
	CRUS	D	-0.1%
	JANX	C	-0.1%
	MIRM	B	-0.1%
	CRAI	C	-0.1%
	MNKD	C	-0.1%
	TGLS	B	-0.1%
	INSP	D	-0.1%
	CHWY	B	-0.1%
	EEFT	B	-0.09%
	AES	F	-0.09%
	TMDX	F	-0.09%
	IRT	A	-0.09%
	DBX	B	-0.09%
	WDAY	B	-0.09%
	GKOS	B	-0.09%
	MSGS	A	-0.09%
	NMIH	C	-0.09%
	WTTR	A	-0.09%
	DKNG	B	-0.09%
	MKL	A	-0.09%
	BCRX	D	-0.09%
	LITE	B	-0.09%
	AON	A	-0.09%
	CWST	A	-0.09%
	OSCR	D	-0.09%
	VERX	A	-0.09%
	AXTA	B	-0.09%
	RUN	F	-0.09%
	YOU	D	-0.09%
	WTM	A	-0.09%
	ITCI	C	-0.09%
	NPAB	F	-0.09%
	BLBD	D	-0.08%
	UE	B	-0.08%
	AGNC	C	-0.08%
	HURN	C	-0.08%
	LIN	C	-0.08%
	OII	B	-0.08%
	RNG	C	-0.08%
	HRMY	D	-0.08%
	ESE	B	-0.08%
	SHAK	C	-0.08%
	MGNI	B	-0.08%
	VITL	D	-0.08%
	GERN	D	-0.08%
	BLKB	B	-0.08%
	CIFR	C	-0.08%
	WAT	C	-0.08%
	BPMC	B	-0.08%
	CTRE	C	-0.08%
	BGC	C	-0.08%
	WT	A	-0.08%
	SITM	B	-0.08%
	VRTX	D	-0.08%
	GABC	B	-0.08%
	CROX	D	-0.08%
	CARG	B	-0.08%
	SEMR	C	-0.08%
	BCPC	B	-0.08%
	CMG	B	-0.08%
	ASTH	F	-0.08%
	MBIN	F	-0.08%
	KRG	B	-0.08%
	UFPT	C	-0.08%
	PMT	C	-0.07%
	CWT	C	-0.07%
	WRBY	A	-0.07%
	VRRM	F	-0.07%
	ESRT	C	-0.07%
	NRIX	C	-0.07%
	FND	D	-0.07%
	KN	B	-0.07%
	OSIS	A	-0.07%
	AAT	B	-0.07%
	FCN	F	-0.07%
	COLL	F	-0.07%
	KTOS	B	-0.07%
	GFF	A	-0.07%
	DRVN	B	-0.06%
	GTLS	A	-0.06%
	LYFT	C	-0.06%
	ICFI	F	-0.06%
	BLFS	C	-0.06%
	HLIT	D	-0.06%
	CEIX	A	-0.06%
	CLSK	C	-0.06%
	FLNC	D	-0.06%
	ADUS	D	-0.06%
	ASPN	F	-0.06%
	IOVA	F	-0.06%
	DOCN	C	-0.06%
	AMPH	F	-0.06%
	MTD	F	-0.06%
	TWST	F	-0.06%
	NHI	D	-0.06%
	CMPR	D	-0.05%
	GTX	C	-0.05%
	IAS	C	-0.05%
	MARA	B	-0.05%
	UMH	B	-0.05%
	AIV	C	-0.05%
	TRMB	B	-0.05%
	CDP	C	-0.05%
	LOPE	C	-0.05%
	SWI	C	-0.05%
	TNDM	D	-0.05%
	OCUL	D	-0.05%
	NTNX	B	-0.05%
	ARQT	B	-0.05%
	NEO	C	-0.05%
	NXRT	B	-0.05%
	MASI	B	-0.05%
	DAY	B	-0.05%
	KD	B	-0.05%
	ACVA	B	-0.05%
	GH	B	-0.05%
	LGND	C	-0.05%
	SXI	B	-0.05%
	AGYS	A	-0.05%
	BKD	F	-0.05%
	LKFN	C	-0.05%
	EPAC	C	-0.05%
	ELAN	D	-0.04%
	MEDP	D	-0.04%
	CDRE	F	-0.04%
	HUMA	F	-0.04%
	MYGN	F	-0.04%
	PHR	F	-0.04%
	DNLI	D	-0.04%
	ROIV	C	-0.04%
	APPF	B	-0.04%
	CNM	D	-0.04%
	H	B	-0.04%
	EVH	F	-0.04%
	LNW	F	-0.04%
	ALX	D	-0.04%
	RXST	F	-0.04%
	ELME	D	-0.04%
	MAIN	A	-0.04%
	CRNX	C	-0.04%
	NVAX	F	-0.04%
	HLX	B	-0.04%
	ANIP	F	-0.04%
	RBC	A	-0.04%
	MLNK	C	-0.03%
	PLAY	D	-0.03%
	APPN	B	-0.03%
	LCID	F	-0.03%
	APAM	B	-0.03%
	SMPL	B	-0.03%
	ACAD	C	-0.03%
	CTS	C	-0.03%
	CARS	C	-0.03%
	WABC	B	-0.03%
	CBZ	B	-0.03%
	TDW	F	-0.03%
	SOUN	B	-0.03%
	PAR	A	-0.03%
	U	C	-0.03%
	MIR	A	-0.03%
	TGI	B	-0.03%
	ARDX	F	-0.03%
	CLDX	F	-0.02%
	RLAY	F	-0.02%
	XPRO	D	-0.02%
	LPG	F	-0.02%
	VECO	F	-0.02%
	AZTA	D	-0.02%
	JAMF	F	-0.02%
	JOE	F	-0.02%
	GNL	F	-0.02%
	NSSC	D	-0.02%
	TNC	D	-0.02%
	FOLD	F	-0.02%
	ENVX	F	-0.02%
	ARLO	C	-0.02%
	BXMT	C	-0.02%
	AMC	C	-0.02%
	BEAM	D	-0.02%
	FBRT	D	-0.02%
	YELP	C	-0.02%
	THR	B	-0.02%
	LTC	B	-0.02%
	TR	B	-0.02%
	BL	B	-0.02%
	CLB	B	-0.02%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

FAD: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Business Services Banks - Regional - US Diversified Industrials Asset Management REIT - Diversified REIT - Retail Specialty Chemicals Capital Markets Diagnostics & Research Building Materials Insurance - Property & Casualty Medical Devices Aerospace & Defense Engineering & Construction Restaurants Leisure REIT - Residential

Keywords: S&P 500 Real Estate Investment Trust Medicine Computing Nasdaq 100 IBD 50 Insurance Banking Bank Biopharmaceutical Aerospace Biotechnology Chemical Telecommunications Electronics Construction Natural Gas Mining Transport Cancer