FAB vs. AVMC ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Avantis U.S. Mid Cap Equity ETF (AVMC)

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB 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 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 Composite 1500(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

$88.95

Average Daily Volume

2,527

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$69.51

Average Daily Volume

8,425

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	FAB	AVMC
30 Days	6.40%	7.92%
60 Days	5.80%	8.98%
90 Days	6.32%	10.86%
12 Months	27.56%	35.44%

226 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in AVMC	Overlap
ADM	D	0.38%	0.19%	0.19%
ADTN	A	0.18%	0.04%	0.04%
AEE	A	0.36%	0.2%	0.2%
AFG	A	0.05%	0.17%	0.05%
AGCO	D	0.08%	0.1%	0.08%
AIZ	A	0.09%	0.18%	0.09%
AKAM	D	0.22%	0.21%	0.21%
ALLY	C	0.36%	0.18%	0.18%
AMG	B	0.23%	0.08%	0.08%
AMKR	D	0.15%	0.05%	0.05%
AN	C	0.12%	0.08%	0.08%
APA	D	0.2%	0.13%	0.13%
APTV	D	0.33%	0.22%	0.22%
AR	B	0.09%	0.17%	0.09%
ARW	D	0.15%	0.1%	0.1%
ATKR	C	0.23%	0.01%	0.01%
ATO	A	0.36%	0.29%	0.29%
AWK	D	0.08%	0.22%	0.08%
AXS	A	0.14%	0.13%	0.13%
BBY	D	0.23%	0.3%	0.23%
BC	C	0.12%	0.08%	0.08%
BECN	B	0.1%	0.09%	0.09%
BEN	C	0.18%	0.09%	0.09%
BERY	B	0.14%	0.1%	0.1%
BIIB	F	0.22%	0.29%	0.22%
BJ	A	0.05%	0.18%	0.05%
BLDR	D	0.24%	0.35%	0.24%
BOKF	B	0.09%	0.04%	0.04%
BPOP	B	0.04%	0.1%	0.04%
BWA	D	0.2%	0.13%	0.13%
BYD	C	0.15%	0.07%	0.07%
CF	B	0.35%	0.3%	0.3%
CFG	B	0.4%	0.32%	0.32%
CHRD	D	0.22%	0.11%	0.11%
CINF	A	0.48%	0.34%	0.34%
CIVI	D	0.22%	0.09%	0.09%
CLF	F	0.15%	0.1%	0.1%
CLX	B	0.09%	0.25%	0.09%
CMA	A	0.1%	0.18%	0.1%
CMC	B	0.23%	0.12%	0.12%
CMI	A	0.1%	0.57%	0.1%
CMS	C	0.17%	0.18%	0.17%
CNC	D	0.27%	0.15%	0.15%
CNP	B	0.36%	0.08%	0.08%
CNXC	F	0.17%	0.0%	0.0%
COLB	A	0.15%	0.03%	0.03%
COLM	B	0.09%	0.04%	0.04%
CPB	D	0.08%	0.08%	0.08%
CTRA	B	0.46%	0.34%	0.34%
CTSH	B	0.37%	0.16%	0.16%
CTVA	C	0.08%	0.14%	0.08%
CWEN	C	0.02%	0.02%	0.02%
CWEN	C	0.02%	0.01%	0.01%
CZR	F	0.04%	0.1%	0.04%
DAL	C	0.56%	0.62%	0.56%
DAR	C	0.19%	0.08%	0.08%
DD	D	0.08%	0.46%	0.08%
DDS	B	0.19%	0.03%	0.03%
DG	F	0.32%	0.13%	0.13%
DINO	D	0.21%	0.13%	0.13%
DOW	F	0.21%	0.34%	0.21%
DRI	B	0.18%	0.31%	0.18%
DTE	C	0.24%	0.2%	0.2%
DVN	F	0.44%	0.45%	0.44%
EBAY	D	0.24%	0.3%	0.24%
ED	D	0.32%	0.31%	0.31%
EG	C	0.41%	0.24%	0.24%
EIX	B	0.16%	0.13%	0.13%
EMN	D	0.12%	0.21%	0.12%
EPAM	C	0.05%	0.16%	0.05%
EQT	B	0.41%	0.35%	0.35%
ESNT	D	0.19%	0.09%	0.09%
ETR	B	0.39%	0.36%	0.36%
EVRG	A	0.17%	0.13%	0.13%
EXC	C	0.33%	0.1%	0.1%
EXPD	D	0.08%	0.31%	0.08%
FAF	A	0.04%	0.1%	0.04%
FANG	D	0.37%	0.1%	0.1%
FBIN	D	0.04%	0.15%	0.04%
FE	C	0.16%	0.12%	0.12%
FHN	A	0.17%	0.1%	0.1%
FITB	A	0.28%	0.53%	0.28%
FLR	B	0.05%	0.15%	0.05%
FMC	D	0.18%	0.06%	0.06%
FNF	B	0.17%	0.24%	0.17%
FOXA	B	0.49%	0.22%	0.22%
G	B	0.2%	0.09%	0.09%
GIS	D	0.15%	0.24%	0.15%
GL	B	0.13%	0.16%	0.13%
GPC	D	0.15%	0.19%	0.15%
HBAN	A	0.42%	0.41%	0.41%
HIG	B	0.35%	0.63%	0.35%
HII	D	0.1%	0.1%	0.1%
HOLX	D	0.08%	0.19%	0.08%
HPE	B	0.46%	0.44%	0.44%
HRL	D	0.24%	0.12%	0.12%
HSY	F	0.16%	0.17%	0.16%
IDA	A	0.1%	0.04%	0.04%
IEX	B	0.09%	0.22%	0.09%
INGR	B	0.14%	0.15%	0.14%
IP	B	0.3%	0.32%	0.3%
IPG	D	0.08%	0.11%	0.08%
IVZ	B	0.04%	0.09%	0.04%
J	F	0.09%	0.18%	0.09%
JAZZ	B	0.19%	0.13%	0.13%
JBHT	C	0.19%	0.26%	0.19%
JBL	B	0.14%	0.35%	0.14%
JEF	A	0.05%	0.17%	0.05%
KEY	B	0.2%	0.29%	0.2%
KEYS	A	0.08%	0.39%	0.08%
KNX	B	0.09%	0.1%	0.09%
KR	B	0.36%	0.12%	0.12%
L	A	0.37%	0.24%	0.24%
LAD	A	0.2%	0.19%	0.19%
LBRDK	C	0.2%	0.15%	0.15%
LEA	D	0.19%	0.08%	0.08%
LFUS	F	0.04%	0.09%	0.04%
LH	C	0.09%	0.25%	0.09%
LKQ	D	0.13%	0.01%	0.01%
LNT	A	0.25%	0.13%	0.13%
LSTR	D	0.04%	0.11%	0.04%
LUV	C	0.28%	0.28%	0.28%
LYB	F	0.38%	0.37%	0.37%
MAS	D	0.08%	0.11%	0.08%
MAT	D	0.04%	0.11%	0.04%
MGM	D	0.04%	0.04%	0.04%
MGY	A	0.19%	0.08%	0.08%
MLI	C	0.1%	0.18%	0.1%
MOH	F	0.16%	0.29%	0.16%
MOS	F	0.17%	0.1%	0.1%
MSM	C	0.09%	0.02%	0.02%
MTB	A	0.31%	0.55%	0.31%
MTDR	B	0.26%	0.14%	0.14%
MTG	C	0.21%	0.12%	0.12%
MTH	D	0.19%	0.12%	0.12%
MUR	D	0.21%	0.1%	0.1%
MUSA	A	0.05%	0.19%	0.05%
NFE	D	0.22%	0.0%	0.0%
NFG	A	0.17%	0.08%	0.08%
NI	A	0.27%	0.12%	0.12%
NOV	C	0.22%	0.11%	0.11%
NVR	D	0.17%	0.13%	0.13%
NWSA	B	0.19%	0.17%	0.17%
NXST	C	0.13%	0.06%	0.06%
OC	A	0.39%	0.33%	0.33%
OGE	B	0.13%	0.11%	0.11%
OLN	D	0.11%	0.07%	0.07%
OMC	C	0.09%	0.19%	0.09%
OMF	A	0.15%	0.11%	0.11%
ON	D	0.32%	0.46%	0.32%
ORI	A	0.09%	0.15%	0.09%
OSK	B	0.24%	0.12%	0.12%
OVV	B	0.25%	0.28%	0.25%
OZK	B	0.19%	0.03%	0.03%
PAG	B	0.13%	0.05%	0.05%
PB	A	0.1%	0.1%	0.1%
PFG	D	0.09%	0.31%	0.09%
PFGC	B	0.05%	0.19%	0.05%
PHM	D	0.39%	0.5%	0.39%
PII	D	0.1%	0.01%	0.01%
PKG	A	0.19%	0.38%	0.19%
PNFP	B	0.05%	0.17%	0.05%
PNW	B	0.18%	0.12%	0.12%
POST	C	0.12%	0.07%	0.07%
PPG	F	0.16%	0.4%	0.16%
PPL	B	0.26%	0.23%	0.23%
PTEN	C	0.23%	0.0%	0.0%
PVH	C	0.22%	0.08%	0.08%
R	B	0.2%	0.16%	0.16%
REYN	D	0.08%	0.0%	0.0%
RF	A	0.29%	0.4%	0.29%
RGA	A	0.18%	0.24%	0.18%
RHI	B	0.05%	0.14%	0.05%
RIG	D	0.14%	0.0%	0.0%
RJF	A	0.23%	0.52%	0.23%
RNR	C	0.2%	0.19%	0.19%
RRC	B	0.19%	0.16%	0.16%
RS	B	0.47%	0.3%	0.3%
SEE	C	0.04%	0.04%	0.04%
SEIC	B	0.1%	0.16%	0.1%
SKX	D	0.08%	0.12%	0.08%
SM	B	0.24%	0.11%	0.11%
SNA	A	0.32%	0.29%	0.29%
SNX	C	0.12%	0.1%	0.1%
SON	D	0.12%	0.07%	0.07%
SSB	B	0.05%	0.13%	0.05%
SSNC	B	0.17%	0.19%	0.17%
STLD	B	0.48%	0.4%	0.4%
STT	A	0.27%	0.43%	0.27%
SWKS	F	0.3%	0.21%	0.21%
SYF	B	0.57%	0.46%	0.46%
SYY	B	0.24%	0.41%	0.24%
TAP	C	0.23%	0.18%	0.18%
THO	B	0.13%	0.09%	0.09%
TKR	D	0.08%	0.08%	0.08%
TMHC	B	0.22%	0.14%	0.14%
TNET	D	0.09%	0.05%	0.05%
TOL	B	0.43%	0.29%	0.29%
TPR	B	0.05%	0.13%	0.05%
TROW	B	0.48%	0.41%	0.41%
TSN	B	0.19%	0.22%	0.19%
TTC	D	0.04%	0.08%	0.04%
TXT	D	0.25%	0.26%	0.25%
UAL	A	0.7%	0.51%	0.51%
UFPI	B	0.09%	0.16%	0.09%
UHAL	D	0.07%	0.01%	0.01%
UHAL	D	0.07%	0.11%	0.07%
UHS	D	0.15%	0.15%	0.15%
ULTA	F	0.25%	0.2%	0.2%
UNM	A	0.21%	0.2%	0.2%
VNT	B	0.1%	0.09%	0.09%
VOYA	B	0.04%	0.13%	0.04%
VTRS	A	0.38%	0.25%	0.25%
WAL	B	0.05%	0.2%	0.05%
WBS	A	0.17%	0.17%	0.17%
WCC	B	0.16%	0.15%	0.15%
WEC	A	0.17%	0.19%	0.17%
WHR	B	0.14%	0.06%	0.06%
WLK	D	0.15%	0.08%	0.08%
WRB	A	0.09%	0.27%	0.09%
WTFC	A	0.1%	0.14%	0.1%
WTS	B	0.04%	0.07%	0.04%
XEL	A	0.37%	0.31%	0.31%
ZBH	C	0.35%	0.2%	0.2%
ZION	B	0.16%	0.18%	0.16%
ZM	B	0.21%	0.26%	0.21%

FAB Overweight 441 Positions Relative to AVMC

Symbol	Grade	Weight
GM	B	0.56%
PCAR	B	0.51%
CVX	A	0.48%
EOG	A	0.48%
COP	C	0.47%
F	C	0.46%
XOM	B	0.45%
WFC	A	0.45%
AIG	B	0.45%
HAL	C	0.45%
VLO	C	0.45%
CMCSA	B	0.45%
T	A	0.44%
NUE	C	0.43%
COF	B	0.43%
OXY	D	0.43%
PSX	C	0.43%
KMI	A	0.42%
MPC	D	0.42%
LNG	B	0.41%
LEN	D	0.4%
BG	F	0.4%
SRE	A	0.38%
C	A	0.38%
CVS	D	0.38%
CRBG	B	0.37%
INTC	D	0.37%
FDX	B	0.37%
SLB	C	0.36%
CB	C	0.35%
VZ	C	0.32%
MS	A	0.32%
CHTR	C	0.31%
BAC	A	0.3%
DHI	D	0.3%
BKR	B	0.3%
TDY	B	0.28%
TRV	B	0.28%
USB	A	0.28%
DGX	A	0.26%
AGO	B	0.25%
D	C	0.25%
NOG	A	0.25%
AFL	B	0.25%
EQR	B	0.25%
TGT	F	0.25%
CNX	A	0.25%
JXN	C	0.24%
CE	F	0.24%
HP	B	0.24%
DE	A	0.24%
DUK	C	0.24%
STX	D	0.23%
KHC	F	0.23%
AL	B	0.23%
AEP	D	0.23%
AMR	C	0.22%
PBF	D	0.22%
URBN	C	0.22%
HCC	B	0.22%
CADE	B	0.21%
OKE	A	0.21%
CXW	B	0.21%
RDN	C	0.21%
TEX	D	0.21%
LBRT	D	0.2%
PNC	B	0.2%
DIS	B	0.2%
RIOT	C	0.2%
MATX	C	0.2%
RUSHA	C	0.2%
UGI	A	0.2%
TPH	D	0.2%
KIM	A	0.19%
CSCO	B	0.19%
LNC	B	0.19%
CNO	A	0.19%
MHO	D	0.19%
KRC	C	0.18%
OTTR	C	0.18%
GBDC	C	0.18%
HRI	B	0.18%
BKH	A	0.18%
HPQ	B	0.18%
DXC	B	0.18%
CSX	B	0.18%
COOP	B	0.18%
PRU	A	0.18%
ASO	F	0.18%
AAP	C	0.18%
HOG	D	0.18%
GPI	A	0.18%
POR	C	0.17%
SOLV	C	0.17%
AVT	C	0.17%
SR	A	0.17%
BBWI	D	0.17%
HST	C	0.17%
M	D	0.17%
BCC	B	0.17%
KDP	D	0.16%
HUM	C	0.16%
MDU	D	0.16%
KBH	D	0.16%
ARE	D	0.16%
BMBL	C	0.16%
SUM	B	0.16%
GBX	A	0.16%
DOC	D	0.16%
CARR	D	0.16%
SIG	B	0.16%
JNJ	D	0.16%
SANM	B	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
CUBI	C	0.15%
BFH	B	0.15%
JBT	B	0.15%
FNB	A	0.15%
ALK	C	0.15%
HTZ	C	0.15%
ELV	F	0.14%
KMT	B	0.14%
EIG	B	0.14%
TALO	C	0.14%
DNOW	B	0.14%
ULH	B	0.14%
PINC	B	0.14%
ABG	B	0.14%
GMS	B	0.14%
TGNA	B	0.14%
VTLE	C	0.14%
VLY	B	0.14%
CABO	C	0.14%
REZI	A	0.13%
GIII	D	0.13%
VAC	B	0.13%
WS	B	0.13%
BTU	B	0.13%
KOS	F	0.13%
CRGY	B	0.13%
SPNT	A	0.13%
IART	C	0.13%
OGS	A	0.13%
PK	B	0.13%
APLE	B	0.13%
RLJ	C	0.13%
TDS	B	0.13%
GT	C	0.13%
GPOR	B	0.13%
HELE	C	0.13%
SWX	B	0.13%
GEF	A	0.13%
RES	D	0.12%
ASH	D	0.12%
BY	B	0.12%
ZD	C	0.12%
PEBO	A	0.12%
PRDO	B	0.12%
SJM	D	0.12%
AVA	A	0.12%
TRMK	B	0.12%
EPC	D	0.12%
VC	D	0.12%
INDB	B	0.12%
IMKTA	C	0.12%
SHO	C	0.12%
ENS	D	0.12%
PARR	D	0.12%
PLAB	C	0.12%
INVA	D	0.12%
UVV	B	0.12%
AEO	F	0.11%
VSH	D	0.11%
MRC	B	0.11%
CCS	D	0.11%
WMK	C	0.11%
SEB	F	0.11%
KSS	F	0.11%
SAH	A	0.11%
DBRG	F	0.11%
WKC	D	0.11%
USM	B	0.11%
PHIN	A	0.11%
EBC	B	0.11%
GHC	C	0.11%
FOR	F	0.11%
CAL	D	0.11%
WU	D	0.11%
FFBC	A	0.11%
NWE	B	0.1%
ODFL	B	0.1%
CRC	B	0.1%
ABCB	B	0.1%
ABR	C	0.1%
OEC	C	0.1%
MLKN	D	0.1%
NAVI	C	0.1%
PRG	C	0.1%
UBSI	B	0.1%
EQC	B	0.1%
NWN	A	0.1%
LZB	B	0.1%
BV	B	0.1%
CENTA	C	0.1%
HWC	B	0.1%
LADR	B	0.1%
SBH	C	0.1%
GEO	B	0.1%
CVI	F	0.1%
HGV	B	0.1%
SCSC	B	0.1%
VSCO	B	0.1%
HOV	D	0.1%
DRH	B	0.1%
CMCO	B	0.1%
OGN	D	0.1%
AMWD	C	0.1%
GES	F	0.1%
HD	A	0.09%
FRME	B	0.09%
WTRG	B	0.09%
FIVE	F	0.09%
CRL	C	0.09%
PFBC	B	0.09%
SBUX	A	0.09%
ACN	C	0.09%
ALKS	B	0.09%
KFY	B	0.09%
WSBC	A	0.09%
CATY	B	0.09%
CRK	B	0.09%
JWN	C	0.09%
SLGN	A	0.09%
SASR	B	0.09%
CASH	A	0.09%
LHX	C	0.09%
BNL	D	0.09%
PDCO	D	0.09%
PLYA	B	0.09%
ADNT	F	0.09%
CUZ	B	0.09%
LPX	B	0.09%
PNM	F	0.09%
BANR	B	0.09%
APD	A	0.09%
SLM	A	0.09%
CVBF	A	0.09%
ANDE	D	0.09%
PYPL	B	0.09%
ACA	A	0.09%
VSTS	C	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
MDLZ	F	0.08%
WPC	D	0.08%
MODG	F	0.08%
WERN	C	0.08%
WGO	C	0.08%
MCRI	A	0.08%
WY	D	0.08%
PTVE	B	0.08%
LMT	D	0.08%
SNDR	B	0.08%
ALG	B	0.08%
DAN	D	0.08%
HOPE	B	0.08%
FIBK	A	0.08%
CI	F	0.08%
FCF	A	0.08%
SRCE	B	0.08%
HUBG	A	0.08%
NX	C	0.08%
XRX	F	0.08%
LAUR	A	0.08%
BKE	B	0.08%
MDT	D	0.08%
FTV	C	0.08%
BKU	A	0.08%
TCBK	B	0.08%
VBTX	B	0.08%
KALU	C	0.08%
GD	F	0.08%
WSFS	A	0.08%
PEP	F	0.08%
HY	D	0.08%
RNST	B	0.08%
UPS	C	0.08%
NDSN	B	0.08%
SFNC	B	0.08%
MIDD	C	0.08%
MAA	B	0.08%
EFSC	B	0.08%
VRTS	B	0.08%
FULT	A	0.08%
ASGN	F	0.08%
LOW	D	0.08%
TTMI	B	0.07%
LC	A	0.07%
LILAK	D	0.07%
SJW	D	0.07%
PEB	D	0.07%
MRTN	C	0.07%
CAG	D	0.07%
SPB	C	0.07%
UNF	B	0.07%
NKE	D	0.07%
KLG	C	0.07%
IPGP	D	0.07%
DIOD	D	0.07%
XHR	B	0.07%
MMS	F	0.07%
SBCF	A	0.06%
GOGO	C	0.06%
FBNC	A	0.06%
CSGS	B	0.06%
AMN	F	0.06%
FHI	A	0.06%
PBH	A	0.06%
OMI	F	0.06%
KAR	B	0.06%
DFH	D	0.06%
NIC	B	0.06%
SNEX	B	0.06%
HMN	B	0.06%
FHB	A	0.06%
CRI	D	0.06%
CAR	C	0.06%
GRBK	D	0.06%
ASB	B	0.06%
SCVL	F	0.06%
VSAT	F	0.06%
SSTK	F	0.06%
LGIH	D	0.06%
ROG	D	0.05%
PATK	D	0.05%
ALIT	C	0.05%
DFIN	D	0.05%
SEM	B	0.05%
DEA	D	0.05%
DNB	B	0.05%
SHEN	F	0.05%
THRM	D	0.05%
YETI	C	0.05%
LCII	C	0.05%
PSMT	C	0.05%
UCB	A	0.05%
SYNA	C	0.05%
AUB	B	0.05%
OFG	B	0.05%
SCL	C	0.05%
CXT	B	0.05%
ARI	C	0.05%
ALEX	C	0.05%
GXO	B	0.05%
LNN	B	0.05%
KWR	C	0.05%
HTH	B	0.05%
STBA	B	0.05%
UMBF	B	0.05%
DK	C	0.05%
ROCK	C	0.05%
GO	C	0.05%
ABM	B	0.05%
ENOV	C	0.05%
MTX	B	0.05%
WAFD	B	0.05%
TOWN	B	0.05%
HLF	C	0.05%
IOSP	B	0.05%
BHE	B	0.05%
NWBI	B	0.05%
UPWK	B	0.04%
MYRG	B	0.04%
NSP	D	0.04%
IAC	D	0.04%
FOXF	F	0.04%
HSIC	B	0.04%
AVNS	F	0.04%
RYN	D	0.04%
WD	D	0.04%
FUL	F	0.04%
STWD	C	0.04%
ODP	F	0.04%
NJR	A	0.04%
AVNT	B	0.04%
FELE	B	0.04%
SKY	A	0.04%
PRGO	B	0.04%
AIR	B	0.03%
HAYW	B	0.03%
SAFT	C	0.03%
MTRN	C	0.03%
XPEL	C	0.03%
DEI	B	0.03%
HLIO	B	0.03%
GNW	A	0.03%
IVT	B	0.03%
CVCO	A	0.03%
PPBI	B	0.03%
ROIC	A	0.03%
SAM	C	0.03%
NBTB	B	0.03%
FDP	B	0.03%
BHF	B	0.03%
BHLB	B	0.03%
PFS	B	0.03%
CBU	B	0.03%
FBK	B	0.03%
MCW	B	0.03%
MGPI	F	0.03%
TCBI	B	0.03%
OPCH	D	0.03%
OLPX	D	0.02%
BLMN	F	0.02%
PLUS	F	0.02%
GIC	D	0.02%
GPRE	F	0.02%
JBGS	D	0.02%
OXM	D	0.02%
SHOO	D	0.02%
AIN	C	0.02%
MSGE	F	0.02%
LXP	D	0.02%
RC	D	0.02%
CMTG	F	0.02%
SHLS	F	0.02%
CNXN	C	0.02%
CC	C	0.02%
NVEE	F	0.02%
KFRC	D	0.02%
NNI	D	0.02%
STC	B	0.02%
NMRK	B	0.02%
CNMD	C	0.02%
OI	C	0.02%
MSEX	B	0.02%
UPBD	B	0.02%
EVTC	B	0.02%
PGRE	F	0.02%

FAB Underweight 292 Positions Relative to AVMC

Symbol	Grade	Weight
RCL	A	-0.94%
VST	B	-0.92%
APP	B	-0.81%
URI	B	-0.75%
TRGP	B	-0.73%
VRT	B	-0.72%
DFS	B	-0.64%
TPL	A	-0.59%
IT	C	-0.55%
GLW	B	-0.55%
ACGL	D	-0.54%
COIN	C	-0.53%
MLM	B	-0.52%
CCL	B	-0.52%
HWM	A	-0.51%
FIS	C	-0.5%
VMC	B	-0.5%
EA	A	-0.48%
GRMN	B	-0.48%
FCNCA	A	-0.47%
DECK	A	-0.47%
IR	B	-0.46%
CBRE	B	-0.45%
EME	C	-0.44%
MSTR	C	-0.44%
PEG	A	-0.44%
LPLA	A	-0.42%
ROK	B	-0.42%
RMD	C	-0.41%
CSL	C	-0.4%
NTAP	C	-0.4%
CDW	F	-0.4%
DOV	A	-0.39%
VEEV	C	-0.39%
TSCO	D	-0.38%
CSGP	D	-0.38%
GEHC	F	-0.38%
BR	A	-0.38%
NDAQ	A	-0.38%
EFX	F	-0.37%
MKL	A	-0.37%
CHD	B	-0.37%
WAB	B	-0.37%
LII	A	-0.36%
WST	C	-0.35%
WSM	B	-0.35%
NTRS	A	-0.35%
HUBB	B	-0.35%
CPAY	A	-0.34%
A	D	-0.34%
MRO	B	-0.34%
EXPE	B	-0.34%
BAH	F	-0.33%
K	A	-0.32%
WAT	B	-0.31%
STE	F	-0.31%
XPO	B	-0.3%
XYL	D	-0.3%
FLEX	A	-0.3%
UTHR	C	-0.29%
MANH	D	-0.29%
EQH	B	-0.29%
FDS	B	-0.29%
CBOE	B	-0.29%
RPM	A	-0.28%
LDOS	C	-0.28%
SQ	B	-0.28%
CASY	A	-0.27%
SAIA	B	-0.27%
FIX	A	-0.26%
FTI	A	-0.26%
FSLR	F	-0.26%
TER	D	-0.25%
GDDY	A	-0.25%
BRO	B	-0.25%
EWBC	A	-0.25%
BALL	D	-0.25%
PSTG	D	-0.25%
AVY	D	-0.24%
TWLO	A	-0.24%
PINS	D	-0.24%
MPWR	F	-0.24%
GGG	B	-0.24%
PNR	A	-0.23%
ALGN	D	-0.23%
WSO	A	-0.23%
NRG	B	-0.23%
WBD	C	-0.22%
CLH	B	-0.22%
KNSL	B	-0.21%
THC	D	-0.21%
POOL	C	-0.21%
KMX	B	-0.21%
FFIV	B	-0.21%
PRI	A	-0.2%
ITT	A	-0.2%
EVR	B	-0.2%
USFD	A	-0.2%
TW	A	-0.2%
KVUE	A	-0.2%
GWRE	A	-0.19%
BWXT	B	-0.19%
JKHY	D	-0.19%
CG	A	-0.19%
AMCR	D	-0.19%
SOFI	A	-0.19%
SF	B	-0.18%
TXRH	C	-0.18%
ALLE	D	-0.18%
NCLH	B	-0.18%
AIT	A	-0.18%
ERIE	D	-0.18%
ALB	C	-0.18%
ATR	B	-0.18%
EXP	A	-0.18%
IFF	D	-0.18%
NBIX	C	-0.18%
ROL	B	-0.18%
ACM	A	-0.18%
LECO	B	-0.18%
PAYC	B	-0.17%
FN	D	-0.17%
AYI	B	-0.17%
INCY	C	-0.17%
AFRM	B	-0.17%
BURL	A	-0.17%
ALSN	B	-0.17%
WMS	D	-0.17%
PR	B	-0.16%
BSY	D	-0.16%
EXEL	B	-0.16%
BLD	D	-0.16%
BMRN	D	-0.16%
GME	C	-0.16%
DTM	B	-0.16%
JLL	D	-0.16%
TTWO	A	-0.16%
COHR	B	-0.16%
CIEN	B	-0.15%
AOS	F	-0.15%
MKC	D	-0.15%
DCI	B	-0.15%
HRB	D	-0.15%
FND	C	-0.15%
CCK	C	-0.15%
PWR	A	-0.15%
ILMN	D	-0.14%
ROKU	D	-0.14%
GNRC	B	-0.14%
SCI	B	-0.14%
TPX	B	-0.14%
WWD	B	-0.14%
X	C	-0.14%
Z	A	-0.14%
HLNE	B	-0.14%
EHC	B	-0.14%
CHRW	C	-0.14%
AXTA	A	-0.13%
KEX	C	-0.13%
RL	B	-0.13%
NYT	C	-0.13%
MRNA	F	-0.13%
MORN	B	-0.13%
BILL	A	-0.13%
TECH	D	-0.13%
ARMK	B	-0.13%
ENSG	D	-0.13%
WFRD	D	-0.13%
GMED	A	-0.13%
RIVN	F	-0.13%
ONTO	D	-0.13%
CTLT	B	-0.13%
LYV	A	-0.13%
BAX	D	-0.13%
SSD	D	-0.13%
CFR	B	-0.13%
DVA	B	-0.12%
RBC	A	-0.12%
RLI	B	-0.12%
RVMD	C	-0.12%
HALO	F	-0.12%
LNW	D	-0.12%
CHE	D	-0.12%
DKS	C	-0.12%
LW	C	-0.12%
TREX	C	-0.12%
PCTY	B	-0.12%
CBSH	A	-0.12%
GPK	C	-0.12%
AXON	A	-0.12%
ATI	D	-0.12%
MEDP	D	-0.12%
ALV	C	-0.12%
ES	D	-0.11%
WEX	D	-0.11%
WH	B	-0.11%
PCVX	D	-0.11%
DXCM	D	-0.11%
FLS	B	-0.11%
OLED	D	-0.11%
CHX	C	-0.11%
KBR	F	-0.11%
HAS	D	-0.11%
GNTX	C	-0.11%
DLTR	F	-0.11%
SITE	D	-0.1%
ELAN	D	-0.1%
APG	B	-0.1%
WSC	D	-0.1%
MSA	D	-0.1%
CR	A	-0.1%
FOX	A	-0.1%
NSIT	F	-0.09%
JNPR	F	-0.09%
RGLD	C	-0.09%
S	B	-0.09%
AM	A	-0.09%
MHK	D	-0.09%
SIGI	C	-0.09%
OLLI	D	-0.09%
LSCC	D	-0.09%
QRVO	F	-0.09%
RYAN	B	-0.09%
ZWS	B	-0.09%
IDXX	F	-0.09%
GAP	C	-0.09%
RPRX	D	-0.09%
ESAB	B	-0.09%
CHDN	B	-0.09%
TFX	F	-0.08%
ENLC	A	-0.08%
CGNX	C	-0.08%
MKTX	D	-0.08%
MTN	C	-0.08%
AES	F	-0.08%
BIO	D	-0.08%
IQV	D	-0.08%
COKE	C	-0.08%
CHH	A	-0.07%
AA	B	-0.07%
SW	A	-0.07%
PATH	C	-0.07%
VFC	C	-0.07%
CROX	D	-0.07%
PTC	A	-0.07%
CNM	D	-0.07%
DLB	B	-0.07%
LULU	C	-0.07%
NEU	C	-0.07%
FYBR	D	-0.07%
GFS	C	-0.06%
ST	F	-0.06%
NWS	B	-0.06%
BFAM	D	-0.06%
HXL	D	-0.06%
H	B	-0.06%
FRPT	B	-0.05%
ENPH	F	-0.05%
BRKR	D	-0.05%
ENTG	D	-0.05%
HESM	B	-0.04%
PARA	C	-0.04%
SPSC	C	-0.04%
LBRDA	C	-0.03%
CACC	D	-0.03%
CHWY	B	-0.03%
PPC	C	-0.03%
CELH	F	-0.03%
ZG	A	-0.03%
TRMB	B	-0.03%
XRAY	F	-0.03%
FLO	D	-0.03%
LCID	F	-0.02%
EL	F	-0.02%
CLVT	F	-0.02%
HAE	C	-0.02%
SMCI	F	-0.02%
CNA	B	-0.02%
LANC	C	-0.02%
LEVI	F	-0.02%
LUMN	C	-0.02%
VAL	D	-0.01%
SAIC	F	-0.01%
QLYS	C	-0.01%
ACT	D	-0.01%
AGR	B	-0.01%
RMBS	C	-0.0%
FRHC	B	-0.0%
IGT	F	-0.0%
FRSH	C	-0.0%
RGEN	D	-0.0%
FIZZ	C	-0.0%