FAB vs. EQAL ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to PowerShares Russell 1000 Equal Weight Portfolio (EQAL)

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

$86.82

Average Daily Volume

2,771

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

EQAL

PowerShares Russell 1000 Equal Weight Portfolio

EQAL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 1000® Equal Weight Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Frank Russell Company (the "Index Provider") compiles and maintains the underlying index, which is composed of all of the securities in the Russell 1000® Index (the "Russell 1000") "equally weighted."

Grade (RS Rating)

Last Trade

$50.02

Average Daily Volume

21,514

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

Performance

Period	FAB	EQAL
30 Days	2.81%	1.96%
60 Days	5.55%	5.85%
90 Days	6.57%	8.34%
12 Months	24.30%	25.61%

350 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in EQAL	Overlap
AAP	C	0.17%	0.05%	0.05%
ACN	B	0.09%	0.05%	0.05%
ADM	F	0.38%	0.14%	0.14%
ADTN	B	0.18%	0.05%	0.05%
AEE	B	0.34%	0.21%	0.21%
AEP	D	0.24%	0.18%	0.18%
AFG	A	0.04%	0.06%	0.04%
AFL	C	0.24%	0.06%	0.06%
AGCO	F	0.08%	0.05%	0.05%
AGO	B	0.23%	0.07%	0.07%
AIG	B	0.45%	0.07%	0.07%
AIZ	A	0.09%	0.07%	0.07%
AKAM	F	0.26%	0.07%	0.07%
AL	B	0.22%	0.05%	0.05%
ALK	A	0.15%	0.07%	0.07%
ALLY	C	0.37%	0.07%	0.07%
AMG	B	0.22%	0.07%	0.07%
AMKR	F	0.16%	0.06%	0.06%
AN	C	0.12%	0.05%	0.05%
APA	F	0.19%	0.21%	0.19%
APD	B	0.09%	0.26%	0.09%
APTV	F	0.34%	0.04%	0.04%
AR	B	0.09%	0.21%	0.09%
ARE	F	0.17%	0.13%	0.13%
ARW	F	0.16%	0.06%	0.06%
ASH	F	0.12%	0.24%	0.12%
ATO	B	0.35%	0.2%	0.2%
AVT	C	0.18%	0.07%	0.07%
AWK	D	0.08%	0.18%	0.08%
AXS	A	0.13%	0.07%	0.07%
BAC	A	0.29%	0.07%	0.07%
BBWI	C	0.17%	0.06%	0.06%
BBY	C	0.22%	0.05%	0.05%
BC	D	0.13%	0.05%	0.05%
BEN	C	0.18%	0.07%	0.07%
BERY	D	0.13%	0.05%	0.05%
BG	D	0.39%	0.14%	0.14%
BHF	B	0.03%	0.08%	0.03%
BIIB	F	0.23%	0.07%	0.07%
BJ	B	0.05%	0.06%	0.05%
BKR	B	0.3%	0.25%	0.25%
BLDR	C	0.23%	0.05%	0.05%
BOKF	B	0.09%	0.07%	0.07%
BPOP	C	0.04%	0.06%	0.04%
BWA	B	0.21%	0.06%	0.06%
BYD	A	0.14%	0.06%	0.06%
C	B	0.38%	0.07%	0.07%
CAG	F	0.07%	0.14%	0.07%
CAR	C	0.05%	0.07%	0.05%
CARR	C	0.16%	0.04%	0.04%
CB	C	0.34%	0.06%	0.06%
CC	C	0.02%	0.28%	0.02%
CE	F	0.29%	0.18%	0.18%
CF	B	0.34%	0.25%	0.25%
CFG	B	0.39%	0.07%	0.07%
CHRD	D	0.22%	0.2%	0.2%
CHTR	B	0.31%	0.6%	0.31%
CI	D	0.08%	0.07%	0.07%
CINF	A	0.47%	0.07%	0.07%
CIVI	D	0.23%	0.2%	0.2%
CLF	F	0.18%	0.29%	0.18%
CLX	A	0.08%	0.15%	0.08%
CMA	A	0.1%	0.08%	0.08%
CMCSA	B	0.46%	0.58%	0.46%
CMI	A	0.09%	0.05%	0.05%
CMS	D	0.16%	0.19%	0.16%
CNC	F	0.29%	0.07%	0.07%
CNP	B	0.35%	0.21%	0.21%
CNXC	F	0.18%	0.04%	0.04%
COF	B	0.43%	0.07%	0.07%
COLB	A	0.15%	0.08%	0.08%
COLM	B	0.09%	0.05%	0.05%
COP	C	0.46%	0.22%	0.22%
CPB	F	0.08%	0.15%	0.08%
CRBG	C	0.38%	0.07%	0.07%
CRI	D	0.06%	0.04%	0.04%
CRL	C	0.09%	0.09%	0.09%
CSCO	A	0.19%	0.58%	0.19%
CSX	B	0.18%	0.05%	0.05%
CTRA	B	0.44%	0.21%	0.21%
CTSH	A	0.37%	0.07%	0.07%
CTVA	C	0.08%	0.18%	0.08%
CUZ	B	0.09%	0.15%	0.09%
CVS	F	0.39%	0.17%	0.17%
CVX	A	0.46%	0.22%	0.22%
CWEN	D	0.02%	0.19%	0.02%
CXT	F	0.05%	0.04%	0.04%
CZR	F	0.04%	0.06%	0.04%
D	D	0.25%	0.2%	0.2%
DAL	A	0.52%	0.07%	0.07%
DAR	B	0.19%	0.18%	0.18%
DD	D	0.08%	0.04%	0.04%
DDS	B	0.18%	0.06%	0.06%
DE	D	0.25%	0.05%	0.05%
DG	F	0.32%	0.05%	0.05%
DGX	B	0.26%	0.08%	0.08%
DHI	D	0.31%	0.04%	0.04%
DINO	D	0.2%	0.19%	0.19%
DIS	B	0.18%	0.06%	0.06%
DNB	B	0.05%	0.07%	0.05%
DOC	C	0.17%	0.14%	0.14%
DOW	F	0.23%	0.04%	0.04%
DRI	B	0.18%	0.05%	0.05%
DTE	D	0.23%	0.19%	0.19%
DUK	D	0.24%	0.19%	0.19%
DVN	F	0.43%	0.2%	0.2%
DXC	B	0.19%	0.06%	0.06%
EBAY	C	0.24%	0.05%	0.05%
ED	D	0.33%	0.19%	0.19%
EG	D	0.4%	0.06%	0.06%
EIX	C	0.16%	0.19%	0.16%
ELV	F	0.14%	0.06%	0.06%
EMN	D	0.12%	0.24%	0.12%
ENOV	C	0.06%	0.09%	0.06%
EOG	A	0.45%	0.21%	0.21%
EPAM	B	0.05%	0.06%	0.05%
EQR	C	0.24%	0.13%	0.13%
EQT	B	0.39%	0.24%	0.24%
ETR	B	0.39%	0.23%	0.23%
EVRG	A	0.17%	0.2%	0.17%
EXC	C	0.33%	0.19%	0.19%
EXPD	C	0.08%	0.05%	0.05%
F	C	0.45%	0.05%	0.05%
FAF	C	0.04%	0.06%	0.04%
FANG	C	0.37%	0.21%	0.21%
FBIN	F	0.04%	0.05%	0.04%
FDX	B	0.36%	0.05%	0.05%
FE	D	0.16%	0.19%	0.16%
FHB	B	0.06%	0.08%	0.06%
FHN	A	0.16%	0.08%	0.08%
FITB	A	0.27%	0.07%	0.07%
FIVE	F	0.09%	0.05%	0.05%
FMC	F	0.2%	0.23%	0.2%
FNB	B	0.15%	0.08%	0.08%
FNF	C	0.17%	0.06%	0.06%
FOXA	A	0.46%	0.06%	0.06%
FTV	C	0.08%	0.04%	0.04%
G	B	0.18%	0.05%	0.05%
GD	C	0.09%	0.04%	0.04%
GIS	F	0.15%	0.14%	0.14%
GL	B	0.13%	0.07%	0.07%
GM	B	0.54%	0.06%	0.06%
GO	C	0.05%	0.16%	0.05%
GPC	D	0.15%	0.05%	0.05%
GXO	B	0.05%	0.05%	0.05%
HAL	C	0.44%	0.21%	0.21%
HAYW	B	0.03%	0.05%	0.03%
HBAN	A	0.41%	0.08%	0.08%
HD	B	0.08%	0.05%	0.05%
HIG	C	0.34%	0.07%	0.07%
HII	F	0.1%	0.04%	0.04%
HIW	D	0.1%	0.14%	0.1%
HOG	D	0.18%	0.05%	0.05%
HOLX	D	0.08%	0.08%	0.08%
HPE	B	0.46%	0.08%	0.08%
HPQ	B	0.18%	0.07%	0.07%
HRL	F	0.24%	0.15%	0.15%
HSIC	F	0.04%	0.08%	0.04%
HST	D	0.18%	0.14%	0.14%
HSY	F	0.16%	0.14%	0.14%
HUM	D	0.16%	0.07%	0.07%
IAC	F	0.04%	0.07%	0.04%
IDA	A	0.09%	0.21%	0.09%
IEX	B	0.09%	0.06%	0.06%
INGR	B	0.14%	0.17%	0.14%
INTC	C	0.39%	0.08%	0.08%
IP	B	0.3%	0.29%	0.29%
IPG	F	0.08%	0.05%	0.05%
IPGP	C	0.08%	0.08%	0.08%
IVZ	B	0.04%	0.07%	0.04%
J	D	0.09%	0.05%	0.05%
JAZZ	B	0.18%	0.08%	0.08%
JBHT	C	0.19%	0.05%	0.05%
JBL	C	0.15%	0.08%	0.08%
JEF	B	0.05%	0.08%	0.05%
JNJ	D	0.17%	0.08%	0.08%
JWN	B	0.09%	0.05%	0.05%
KDP	C	0.15%	0.14%	0.14%
KEY	B	0.2%	0.08%	0.08%
KEYS	C	0.09%	0.05%	0.05%
KHC	F	0.24%	0.15%	0.15%
KIM	A	0.18%	0.14%	0.14%
KMI	B	0.42%	0.25%	0.25%
KNX	C	0.09%	0.05%	0.05%
KR	A	0.36%	0.17%	0.17%
KRC	C	0.18%	0.16%	0.16%
KSS	D	0.11%	0.05%	0.05%
L	A	0.36%	0.06%	0.06%
LAD	B	0.2%	0.07%	0.07%
LBRDK	C	0.22%	0.83%	0.22%
LEA	F	0.19%	0.05%	0.05%
LEN	D	0.4%	0.05%	0.05%
LFUS	D	0.04%	0.05%	0.04%
LH	B	0.09%	0.08%	0.08%
LHX	B	0.09%	0.05%	0.05%
LKQ	C	0.12%	0.05%	0.05%
LMT	D	0.08%	0.04%	0.04%
LNC	B	0.19%	0.08%	0.08%
LNG	B	0.39%	0.22%	0.22%
LNT	C	0.24%	0.19%	0.19%
LOW	B	0.08%	0.06%	0.06%
LPX	A	0.09%	0.05%	0.05%
LSTR	B	0.04%	0.05%	0.04%
LUV	B	0.27%	0.05%	0.05%
LYB	F	0.4%	0.22%	0.22%
M	C	0.18%	0.06%	0.06%
MAA	C	0.08%	0.13%	0.08%
MAS	D	0.08%	0.05%	0.05%
MAT	C	0.04%	0.05%	0.04%
MDLZ	F	0.08%	0.14%	0.08%
MDT	D	0.08%	0.08%	0.08%
MDU	D	0.15%	0.03%	0.03%
MGM	D	0.04%	0.05%	0.04%
MIDD	D	0.09%	0.05%	0.05%
MOH	F	0.17%	0.07%	0.07%
MOS	D	0.18%	0.26%	0.18%
MPC	D	0.41%	0.19%	0.19%
MS	A	0.31%	0.09%	0.09%
MSM	C	0.09%	0.05%	0.05%
MTB	A	0.3%	0.08%	0.08%
MTDR	B	0.25%	0.23%	0.23%
MTG	C	0.21%	0.06%	0.06%
MUSA	B	0.04%	0.05%	0.04%
NDSN	B	0.08%	0.05%	0.05%
NFE	F	0.22%	0.17%	0.17%
NFG	D	0.17%	0.21%	0.17%
NI	A	0.26%	0.21%	0.21%
NKE	F	0.07%	0.05%	0.05%
NOV	C	0.22%	0.21%	0.21%
NUE	D	0.47%	0.28%	0.28%
NVR	D	0.17%	0.05%	0.05%
NWSA	B	0.19%	0.06%	0.06%
NXST	C	0.15%	0.06%	0.06%
OC	A	0.37%	0.05%	0.05%
ODFL	B	0.1%	0.06%	0.06%
OGE	B	0.13%	0.21%	0.13%
OGN	F	0.11%	0.06%	0.06%
OKE	A	0.2%	0.22%	0.2%
OLN	F	0.12%	0.25%	0.12%
OMC	A	0.09%	0.06%	0.06%
OMF	A	0.15%	0.08%	0.08%
ON	F	0.35%	0.06%	0.06%
ORI	A	0.09%	0.07%	0.07%
OSK	B	0.24%	0.06%	0.06%
OVV	C	0.23%	0.21%	0.21%
OXY	F	0.43%	0.2%	0.2%
OZK	B	0.19%	0.07%	0.07%
PAG	B	0.13%	0.06%	0.06%
PB	B	0.09%	0.07%	0.07%
PCAR	B	0.5%	0.05%	0.05%
PEP	D	0.08%	0.15%	0.08%
PFG	C	0.08%	0.06%	0.06%
PFGC	B	0.05%	0.19%	0.05%
PHM	D	0.4%	0.05%	0.05%
PII	F	0.11%	0.04%	0.04%
PINC	B	0.14%	0.1%	0.1%
PK	C	0.13%	0.15%	0.13%
PKG	B	0.19%	0.06%	0.06%
PNC	B	0.19%	0.07%	0.07%
PNFP	B	0.05%	0.08%	0.05%
PNW	A	0.17%	0.2%	0.17%
POST	D	0.12%	0.15%	0.12%
PPG	F	0.17%	0.05%	0.05%
PPL	A	0.25%	0.2%	0.2%
PRGO	C	0.04%	0.08%	0.04%
PRU	B	0.18%	0.07%	0.07%
PSX	C	0.42%	0.2%	0.2%
PVH	C	0.22%	0.06%	0.06%
PYPL	A	0.09%	0.05%	0.05%
R	B	0.19%	0.06%	0.06%
REYN	D	0.08%	0.13%	0.08%
RF	A	0.28%	0.07%	0.07%
RGA	A	0.18%	0.06%	0.06%
RHI	B	0.05%	0.06%	0.05%
RJF	A	0.22%	0.08%	0.08%
RNR	D	0.21%	0.06%	0.06%
RRC	B	0.18%	0.22%	0.18%
RS	C	0.48%	0.28%	0.28%
RYN	F	0.04%	0.14%	0.04%
SAM	B	0.03%	0.17%	0.03%
SBUX	B	0.08%	0.05%	0.05%
SEB	F	0.11%	0.14%	0.11%
SEE	C	0.04%	0.05%	0.04%
SEIC	A	0.1%	0.07%	0.07%
SJM	F	0.12%	0.16%	0.12%
SKX	F	0.08%	0.05%	0.05%
SLB	C	0.36%	0.22%	0.22%
SLGN	B	0.09%	0.05%	0.05%
SLM	A	0.09%	0.07%	0.07%
SNA	A	0.31%	0.06%	0.06%
SNDR	B	0.08%	0.05%	0.05%
SNX	C	0.13%	0.07%	0.07%
SOLV	C	0.18%	0.09%	0.09%
SON	F	0.12%	0.05%	0.05%
SPB	A	0.07%	0.16%	0.07%
SRE	B	0.37%	0.21%	0.21%
SSNC	C	0.17%	0.06%	0.06%
STLD	C	0.51%	0.33%	0.33%
STT	B	0.27%	0.07%	0.07%
STWD	C	0.04%	0.06%	0.04%
SWKS	F	0.32%	0.05%	0.05%
SYF	B	0.56%	0.06%	0.06%
SYY	D	0.25%	0.16%	0.16%
T	A	0.44%	0.51%	0.44%
TAP	B	0.21%	0.17%	0.17%
TDY	B	0.28%	0.05%	0.05%
TGT	C	0.25%	0.05%	0.05%
THO	B	0.13%	0.06%	0.06%
TKR	F	0.08%	0.24%	0.08%
TOL	B	0.43%	0.05%	0.05%
TPR	A	0.05%	0.06%	0.05%
TROW	A	0.48%	0.07%	0.07%
TRV	B	0.27%	0.07%	0.07%
TSN	B	0.17%	0.15%	0.15%
TTC	F	0.04%	0.05%	0.04%
TXT	D	0.25%	0.04%	0.04%
UAL	A	0.65%	0.09%	0.09%
UGI	D	0.2%	0.2%	0.2%
UHAL	D	0.08%	0.06%	0.06%
UHS	D	0.16%	0.07%	0.07%
ULTA	C	0.26%	0.05%	0.05%
UNM	A	0.2%	0.08%	0.08%
UPS	C	0.08%	0.05%	0.05%
USB	B	0.28%	0.08%	0.08%
VAC	B	0.13%	0.06%	0.06%
VLO	C	0.44%	0.2%	0.2%
VNT	C	0.1%	0.06%	0.06%
VOYA	B	0.04%	0.07%	0.04%
VSTS	D	0.09%	0.04%	0.04%
VTRS	B	0.4%	0.08%	0.08%
VZ	D	0.31%	0.47%	0.31%
WAL	B	0.04%	0.07%	0.04%
WBS	A	0.16%	0.09%	0.09%
WCC	B	0.16%	0.06%	0.06%
WEC	B	0.17%	0.2%	0.17%
WFC	A	0.43%	0.09%	0.09%
WHR	B	0.13%	0.06%	0.06%
WLK	F	0.16%	0.23%	0.16%
WPC	F	0.08%	0.12%	0.08%
WRB	B	0.09%	0.07%	0.07%
WTFC	B	0.1%	0.08%	0.08%
WTRG	C	0.09%	0.21%	0.09%
WU	F	0.12%	0.04%	0.04%
WY	F	0.08%	0.14%	0.08%
XEL	A	0.35%	0.2%	0.2%
XOM	B	0.45%	0.21%	0.21%
YETI	D	0.05%	0.05%	0.05%
ZBH	C	0.35%	0.08%	0.08%
ZION	B	0.16%	0.09%	0.09%
ZM	B	0.2%	0.07%	0.07%

FAB Overweight 315 Positions Relative to EQAL

Symbol	Grade	Weight
ATKR	C	0.26%
JXN	C	0.26%
NOG	B	0.25%
CNX	B	0.25%
HCC	C	0.25%
HP	C	0.25%
PTEN	C	0.24%
CMC	B	0.24%
STX	D	0.24%
TEX	D	0.23%
SM	C	0.23%
CXW	B	0.22%
AMR	C	0.22%
TMHC	B	0.22%
MHO	D	0.21%
RIOT	C	0.21%
URBN	C	0.21%
RDN	C	0.21%
MUR	D	0.21%
PBF	F	0.21%
MTH	D	0.2%
TPH	C	0.2%
LBRT	F	0.2%
CADE	B	0.2%
RUSHA	B	0.2%
HRI	C	0.19%
CNO	B	0.19%
MGY	B	0.19%
ASO	F	0.19%
MATX	B	0.19%
GPI	B	0.18%
OTTR	C	0.18%
COOP	B	0.18%
ESNT	D	0.18%
POR	D	0.17%
BKH	A	0.17%
BCC	B	0.17%
GBDC	B	0.17%
BFH	B	0.16%
SANM	C	0.16%
GBX	A	0.16%
KBH	D	0.16%
SIG	B	0.16%
SR	C	0.16%
SUM	B	0.16%
ULH	B	0.15%
JBT	B	0.15%
ECVT	C	0.15%
BMBL	C	0.15%
TGNA	B	0.15%
BTU	C	0.14%
EIG	A	0.14%
CABO	B	0.14%
GT	C	0.14%
CUBI	B	0.14%
TDS	C	0.14%
RIG	C	0.14%
IART	C	0.14%
KMT	B	0.14%
ABG	B	0.14%
VTLE	C	0.14%
GMS	B	0.14%
TALO	C	0.14%
VLY	B	0.14%
CTOS	B	0.14%
HELE	C	0.13%
OGS	B	0.13%
GIII	C	0.13%
RLJ	C	0.13%
SWX	B	0.13%
INVA	C	0.13%
SHO	D	0.13%
PLAB	C	0.13%
APLE	B	0.13%
WS	B	0.13%
GEF	B	0.13%
DNOW	B	0.13%
HTZ	C	0.12%
AVA	C	0.12%
VSH	F	0.12%
USM	C	0.12%
IMKTA	B	0.12%
INDB	B	0.12%
TRMK	B	0.12%
SPNT	B	0.12%
VC	F	0.12%
RES	F	0.12%
ENS	D	0.12%
UVV	B	0.12%
CRGY	A	0.12%
FOR	F	0.12%
EPC	F	0.12%
GPOR	B	0.12%
AMWD	B	0.11%
REZI	A	0.11%
GES	F	0.11%
MRC	B	0.11%
CCS	F	0.11%
WMK	B	0.11%
MLI	B	0.11%
HOV	F	0.11%
SAH	B	0.11%
PHIN	B	0.11%
AEO	F	0.11%
EBC	B	0.11%
DBRG	F	0.11%
GHC	B	0.11%
PRDO	B	0.11%
FFBC	B	0.11%
KOS	D	0.11%
PARR	F	0.11%
BY	B	0.11%
PEBO	A	0.11%
WKC	C	0.11%
CAL	D	0.11%
BV	C	0.11%
ANDE	D	0.1%
ABCB	B	0.1%
SBH	A	0.1%
AMN	F	0.1%
UBSI	B	0.1%
ABR	B	0.1%
PDCO	F	0.1%
PRG	B	0.1%
NAVI	D	0.1%
MLKN	D	0.1%
NWN	B	0.1%
HWC	B	0.1%
HGV	B	0.1%
LADR	B	0.1%
CENTA	C	0.1%
ZD	B	0.1%
EQC	C	0.1%
CMCO	C	0.1%
BECN	B	0.1%
VSCO	B	0.1%
SCSC	B	0.1%
DRH	C	0.1%
WSBC	B	0.09%
CRK	B	0.09%
CASH	B	0.09%
HY	F	0.09%
CATY	B	0.09%
SASR	A	0.09%
UFPI	B	0.09%
ADNT	D	0.09%
BANR	B	0.09%
PNM	B	0.09%
MODG	F	0.09%
CVBF	B	0.09%
CVI	F	0.09%
ALKS	C	0.09%
KFY	B	0.09%
PLYA	B	0.09%
ASGN	D	0.09%
OEC	D	0.09%
BNL	D	0.09%
NWE	C	0.09%
CRC	B	0.09%
ACA	B	0.09%
GEO	B	0.09%
LZB	B	0.09%
BKE	A	0.08%
MCRI	A	0.08%
ARCB	C	0.08%
WERN	B	0.08%
HUBG	A	0.08%
WGO	B	0.08%
BKU	A	0.08%
FIBK	B	0.08%
HOPE	B	0.08%
SRCE	B	0.08%
VSAT	F	0.08%
FCF	B	0.08%
ALG	B	0.08%
NX	C	0.08%
WSFS	B	0.08%
TCBK	B	0.08%
VBTX	B	0.08%
VRTS	B	0.08%
FULT	B	0.08%
LAUR	B	0.08%
EFSC	B	0.08%
TNET	C	0.08%
RNST	B	0.08%
MMS	F	0.08%
DAN	D	0.08%
PFBC	B	0.08%
SFNC	B	0.08%
FRME	B	0.08%
KLG	F	0.08%
KALU	C	0.08%
DIOD	F	0.08%
LILAK	F	0.08%
XRX	F	0.08%
DFH	F	0.07%
LGIH	F	0.07%
TTMI	B	0.07%
SJW	F	0.07%
SSTK	D	0.07%
UNF	B	0.07%
PEB	F	0.07%
MRTN	C	0.07%
XHR	B	0.07%
BUSE	B	0.07%
PTVE	C	0.07%
PBH	A	0.06%
FHI	A	0.06%
NIC	B	0.06%
CSGS	B	0.06%
KAR	B	0.06%
BHE	C	0.06%
HLF	C	0.06%
SNEX	B	0.06%
HMN	B	0.06%
OMI	F	0.06%
ASB	B	0.06%
GRBK	D	0.06%
SCVL	D	0.06%
LC	B	0.06%
SHEN	F	0.05%
ODP	F	0.05%
UCB	B	0.05%
DK	D	0.05%
DFIN	D	0.05%
LCII	D	0.05%
SEM	C	0.05%
THRM	F	0.05%
SSB	B	0.05%
SYNA	C	0.05%
AUB	A	0.05%
OFG	B	0.05%
PSMT	D	0.05%
STBA	B	0.05%
ROG	D	0.05%
DEA	D	0.05%
ARI	C	0.05%
UMBF	B	0.05%
KWR	C	0.05%
HTH	B	0.05%
ALEX	B	0.05%
SCL	C	0.05%
LNN	B	0.05%
ROCK	C	0.05%
WAFD	B	0.05%
MTX	B	0.05%
IOSP	B	0.05%
TOWN	B	0.05%
FLR	C	0.05%
ABM	B	0.05%
FBNC	B	0.05%
NWBI	B	0.05%
SBCF	B	0.05%
GOGO	C	0.05%
UPWK	C	0.04%
NSP	F	0.04%
WD	D	0.04%
AVNS	F	0.04%
NJR	A	0.04%
FOXF	F	0.04%
SKY	B	0.04%
FUL	F	0.04%
WTS	B	0.04%
ALIT	C	0.04%
AVNT	B	0.04%
PATK	C	0.04%
FELE	B	0.04%
SHLS	D	0.03%
EVTC	C	0.03%
CNMD	C	0.03%
SAFT	B	0.03%
MSEX	C	0.03%
MTRN	B	0.03%
PGRE	C	0.03%
CVCO	B	0.03%
NVEE	F	0.03%
NNI	C	0.03%
IVT	B	0.03%
DEI	B	0.03%
NBTB	B	0.03%
ROIC	A	0.03%
PPBI	B	0.03%
BHLB	B	0.03%
HLIO	C	0.03%
PFS	B	0.03%
FDP	B	0.03%
FBK	B	0.03%
TCBI	B	0.03%
CBU	B	0.03%
MGPI	F	0.03%
MCW	C	0.03%
OPCH	F	0.03%
MYRG	B	0.03%
OLPX	D	0.02%
GIC	F	0.02%
GPRE	F	0.02%
OXM	D	0.02%
AIN	C	0.02%
RC	D	0.02%
SHOO	D	0.02%
CMTG	F	0.02%
STC	C	0.02%
LXP	D	0.02%
AIR	B	0.02%
CNXN	C	0.02%
OI	C	0.02%
NMRK	B	0.02%
XPEL	B	0.02%
JBGS	F	0.02%
PLUS	F	0.02%
MSGE	F	0.02%
KFRC	C	0.02%
BLMN	F	0.02%
GNW	B	0.02%
UPBD	B	0.02%

FAB Underweight 617 Positions Relative to EQAL

Symbol	Grade	Weight
LITE	B	-0.66%
UI	B	-0.62%
CIEN	B	-0.62%
ANET	C	-0.59%
IRDM	B	-0.58%
TMUS	A	-0.57%
MSI	B	-0.53%
JNPR	D	-0.5%
FYBR	D	-0.49%
ROKU	C	-0.48%
MP	C	-0.34%
AA	C	-0.34%
TPL	B	-0.33%
VST	B	-0.31%
X	D	-0.29%
FAST	B	-0.28%
ESI	B	-0.27%
ALB	C	-0.26%
RBC	B	-0.26%
SMG	D	-0.26%
FCX	F	-0.26%
SCCO	F	-0.26%
TRGP	B	-0.25%
DTM	A	-0.25%
LIN	D	-0.24%
HXL	F	-0.24%
NEU	C	-0.24%
WMB	B	-0.24%
RGLD	C	-0.24%
CEG	D	-0.24%
HUN	F	-0.23%
NRG	C	-0.23%
ECL	C	-0.23%
FTI	B	-0.23%
CLH	B	-0.22%
PR	C	-0.22%
MRO	B	-0.22%
AVY	F	-0.22%
HES	B	-0.22%
WM	A	-0.21%
WFRD	F	-0.2%
AGR	C	-0.2%
LW	B	-0.2%
NEM	F	-0.2%
PEG	C	-0.2%
RSG	B	-0.2%
IFF	F	-0.2%
PPC	C	-0.2%
PCG	A	-0.2%
AM	B	-0.2%
SO	D	-0.19%
NEE	D	-0.18%
ES	D	-0.18%
BRBR	A	-0.18%
VNO	C	-0.17%
CASY	B	-0.17%
MCK	B	-0.17%
FRPT	B	-0.17%
MNST	B	-0.17%
USFD	B	-0.17%
ACI	C	-0.16%
CHD	A	-0.16%
PM	B	-0.16%
K	A	-0.16%
MO	A	-0.16%
COR	B	-0.16%
FSLR	F	-0.16%
WBA	D	-0.16%
SEG	F	-0.15%
COKE	C	-0.15%
DLR	C	-0.15%
CBRE	B	-0.15%
KVUE	A	-0.15%
HHH	B	-0.15%
FLO	F	-0.15%
AES	F	-0.15%
DJT	C	-0.14%
ENPH	F	-0.14%
EQIX	B	-0.14%
KO	F	-0.14%
BXP	D	-0.14%
BRX	A	-0.14%
Z	B	-0.14%
LAMR	D	-0.14%
WELL	B	-0.14%
JLL	C	-0.14%
STZ	D	-0.14%
CELH	F	-0.14%
PG	C	-0.14%
MKC	D	-0.14%
SPG	A	-0.14%
KMB	D	-0.14%
INVH	D	-0.13%
VICI	D	-0.13%
UDR	C	-0.13%
EPR	D	-0.13%
GLPI	D	-0.13%
EGP	D	-0.13%
ESS	C	-0.13%
FR	D	-0.13%
CPT	C	-0.13%
CSGP	F	-0.13%
ADC	A	-0.13%
STAG	D	-0.13%
AVB	B	-0.13%
VTR	C	-0.13%
FRT	B	-0.13%
CL	F	-0.13%
OHI	C	-0.13%
REG	A	-0.13%
IRM	D	-0.13%
NNN	F	-0.12%
MASI	B	-0.12%
REXR	F	-0.12%
CUBE	D	-0.12%
CCI	F	-0.12%
COLD	F	-0.12%
PLD	D	-0.12%
MSTR	B	-0.12%
NSA	D	-0.12%
AMH	C	-0.12%
PSA	D	-0.12%
EXR	D	-0.12%
SUI	F	-0.12%
SBAC	D	-0.12%
O	D	-0.12%
ELS	B	-0.12%
EXEL	B	-0.11%
MPW	F	-0.11%
AMT	F	-0.11%
ILMN	C	-0.1%
COIN	B	-0.1%
NVST	C	-0.1%
ITCI	B	-0.1%
PLTR	B	-0.1%
UTHR	B	-0.1%
SOFI	B	-0.1%
APP	B	-0.1%
TWLO	B	-0.1%
WOLF	F	-0.1%
INCY	B	-0.1%
CFLT	B	-0.09%
CFR	B	-0.09%
CG	B	-0.09%
CVNA	B	-0.09%
GILD	B	-0.09%
WST	B	-0.09%
DOCS	B	-0.09%
HOOD	B	-0.09%
EWBC	B	-0.09%
APO	B	-0.09%
BMY	B	-0.09%
EHC	B	-0.09%
LPLA	A	-0.09%
BIO	C	-0.09%
PEN	C	-0.09%
GMED	B	-0.09%
WAT	B	-0.09%
S	B	-0.08%
DELL	C	-0.08%
SCHW	B	-0.08%
RPRX	F	-0.08%
TMO	F	-0.08%
GS	B	-0.08%
NTRS	A	-0.08%
CACI	C	-0.08%
CRWD	B	-0.08%
LSCC	D	-0.08%
PCOR	B	-0.08%
HLI	B	-0.08%
EW	F	-0.08%
FCNCA	B	-0.08%
ROIV	D	-0.08%
JHG	A	-0.08%
TPG	B	-0.08%
LDOS	C	-0.08%
SHC	D	-0.08%
CHE	D	-0.08%
RMD	C	-0.08%
XRAY	F	-0.08%
ALGN	D	-0.08%
VEEV	B	-0.08%
IONS	F	-0.08%
SRPT	F	-0.08%
NCLH	B	-0.08%
MU	D	-0.08%
A	F	-0.08%
AMGN	F	-0.08%
PEGA	B	-0.08%
AZTA	F	-0.08%
RNG	C	-0.08%
EQH	B	-0.08%
QGEN	D	-0.08%
VRTX	B	-0.08%
DXCM	C	-0.08%
DASH	A	-0.08%
RCM	B	-0.08%
UNH	B	-0.08%
NTRA	B	-0.08%
THC	B	-0.08%
AMED	F	-0.08%
CERT	F	-0.08%
BDX	F	-0.08%
KKR	B	-0.08%
COHR	C	-0.08%
SYK	A	-0.08%
RGEN	C	-0.08%
NBIX	C	-0.08%
TECH	D	-0.08%
ABBV	F	-0.08%
SNV	B	-0.08%
MEDP	D	-0.08%
PODD	B	-0.08%
INSP	F	-0.08%
RVTY	C	-0.08%
GEHC	D	-0.08%
CTLT	D	-0.08%
ALNY	D	-0.08%
ISRG	A	-0.08%
ABT	C	-0.08%
EVR	B	-0.08%
AMP	A	-0.08%
TEAM	B	-0.08%
VKTX	F	-0.08%
DFS	B	-0.08%
IBKR	A	-0.08%
CAH	B	-0.08%
OWL	B	-0.08%
DOCU	B	-0.08%
SF	A	-0.08%
DAY	B	-0.08%
PAYC	B	-0.08%
NCNO	B	-0.08%
VRT	B	-0.08%
BSX	A	-0.08%
NWL	B	-0.07%
LVS	C	-0.07%
SNOW	C	-0.07%
NDAQ	B	-0.07%
KMPR	A	-0.07%
VIRT	B	-0.07%
VRSN	C	-0.07%
MKTX	C	-0.07%
LYV	A	-0.07%
TFX	F	-0.07%
DLB	D	-0.07%
MTCH	F	-0.07%
EXPE	B	-0.07%
LLY	F	-0.07%
THG	A	-0.07%
FTNT	B	-0.07%
TRIP	D	-0.07%
ANSS	B	-0.07%
AVGO	C	-0.07%
META	B	-0.07%
RYAN	B	-0.07%
CACC	D	-0.07%
TFSL	A	-0.07%
BRK.A	B	-0.07%
NTNX	B	-0.07%
CDNS	B	-0.07%
PATH	C	-0.07%
AAL	B	-0.07%
PCTY	B	-0.07%
AON	B	-0.07%
SAIC	D	-0.07%
WDC	D	-0.07%
WTM	A	-0.07%
SMAR	A	-0.07%
GLOB	B	-0.07%
GTLB	B	-0.07%
DOX	C	-0.07%
BKNG	A	-0.07%
DT	C	-0.07%
MKL	A	-0.07%
DV	C	-0.07%
PSTG	D	-0.07%
FDS	A	-0.07%
NOW	A	-0.07%
ORCL	A	-0.07%
MET	C	-0.07%
AVTR	F	-0.07%
RLI	A	-0.07%
IT	B	-0.07%
GWRE	A	-0.07%
SNPS	C	-0.07%
FIVN	C	-0.07%
RARE	F	-0.07%
MRK	F	-0.07%
KBR	D	-0.07%
TFC	B	-0.07%
APH	B	-0.07%
FTRE	D	-0.07%
GOOGL	C	-0.07%
BK	B	-0.07%
MORN	B	-0.07%
BRO	B	-0.07%
U	F	-0.07%
IDXX	F	-0.07%
DBX	B	-0.07%
PINS	F	-0.07%
GLW	B	-0.07%
GEV	B	-0.07%
ESTC	C	-0.07%
HCA	D	-0.07%
ZS	B	-0.07%
CBSH	A	-0.07%
ZI	C	-0.07%
DUOL	A	-0.07%
PRI	B	-0.07%
PSN	C	-0.07%
ZTS	D	-0.07%
ELAN	C	-0.07%
TW	B	-0.07%
FFIV	B	-0.07%
GEN	B	-0.07%
WTW	A	-0.07%
DDOG	B	-0.07%
GFS	C	-0.07%
MRVL	B	-0.07%
ADSK	B	-0.07%
PANW	B	-0.07%
BRKR	F	-0.07%
JPM	A	-0.07%
BAX	F	-0.07%
PTC	B	-0.07%
PYCR	B	-0.07%
CCL	B	-0.07%
RCL	A	-0.07%
STE	D	-0.07%
TOST	A	-0.07%
NET	B	-0.07%
MTSI	B	-0.07%
IQV	F	-0.07%
CRM	B	-0.07%
DVA	C	-0.07%
HUBS	B	-0.07%
BX	A	-0.07%
GDDY	B	-0.07%
PFE	F	-0.07%
NVDA	A	-0.07%
ARES	B	-0.07%
DHR	F	-0.07%
MPWR	F	-0.06%
CPNG	B	-0.06%
RRX	B	-0.06%
RBA	B	-0.06%
DPZ	C	-0.06%
SITE	D	-0.06%
NFLX	A	-0.06%
UBER	F	-0.06%
VMC	B	-0.06%
EA	A	-0.06%
H	B	-0.06%
REGN	F	-0.06%
TRMB	B	-0.06%
KLAC	F	-0.06%
URI	B	-0.06%
LECO	C	-0.06%
EME	B	-0.06%
AYI	A	-0.06%
AGNC	C	-0.06%
PLNT	A	-0.06%
GTES	B	-0.06%
EMR	A	-0.06%
PLTK	B	-0.06%
ARMK	B	-0.06%
ONTO	F	-0.06%
CDW	F	-0.06%
ZBRA	B	-0.06%
WYNN	C	-0.06%
GNRC	B	-0.06%
AWI	B	-0.06%
GME	C	-0.06%
CPRT	A	-0.06%
WBD	B	-0.06%
OLED	F	-0.06%
TTWO	A	-0.06%
FIX	B	-0.06%
SPGI	C	-0.06%
AAON	B	-0.06%
MDB	C	-0.06%
ACGL	C	-0.06%
LOPE	B	-0.06%
MSGS	B	-0.06%
BILL	B	-0.06%
CW	C	-0.06%
XP	F	-0.06%
TXG	F	-0.06%
SCI	B	-0.06%
AMD	F	-0.06%
MRNA	F	-0.06%
CBOE	D	-0.06%
MCHP	F	-0.06%
RBLX	B	-0.06%
MCO	C	-0.06%
ENTG	F	-0.06%
FOUR	B	-0.06%
ESAB	B	-0.06%
ICE	C	-0.06%
HCP	A	-0.06%
MSFT	C	-0.06%
WEN	C	-0.06%
SPOT	A	-0.06%
RL	B	-0.06%
HLT	A	-0.06%
UAA	B	-0.06%
FLS	B	-0.06%
KNSL	C	-0.06%
MAR	A	-0.06%
MMC	D	-0.06%
SAIA	B	-0.06%
ABNB	C	-0.06%
LULU	B	-0.06%
WDAY	B	-0.06%
INTU	A	-0.06%
VFC	C	-0.06%
ALSN	B	-0.06%
IBM	D	-0.06%
XPO	B	-0.06%
AAPL	C	-0.06%
APPF	B	-0.06%
TTD	B	-0.06%
TXRH	A	-0.06%
APLS	F	-0.06%
ADI	D	-0.06%
ALL	B	-0.06%
BSY	F	-0.06%
AMAT	F	-0.06%
LRCX	F	-0.06%
TNL	A	-0.06%
CHH	B	-0.06%
LYFT	B	-0.06%
TYL	B	-0.06%
INFA	F	-0.06%
MSCI	B	-0.06%
WH	A	-0.06%
GRMN	A	-0.06%
NTAP	D	-0.06%
ALGM	F	-0.06%
OKTA	C	-0.06%
NU	B	-0.06%
PGR	A	-0.06%
TSLA	B	-0.06%
QCOM	F	-0.06%
RH	C	-0.06%
BR	A	-0.06%
AJG	A	-0.06%
KD	A	-0.06%
EXAS	F	-0.06%
TDC	F	-0.06%
CNA	C	-0.06%
BMRN	F	-0.06%
TXN	B	-0.06%
ROP	A	-0.06%
MANH	C	-0.06%
CME	B	-0.06%
TDG	D	-0.05%
BLD	F	-0.05%
GPK	D	-0.05%
MSA	D	-0.05%
ROST	D	-0.05%
NOC	D	-0.05%
ATI	F	-0.05%
UWMC	F	-0.05%
ALLE	D	-0.05%
MMM	C	-0.05%
W	F	-0.05%
MTD	F	-0.05%
SHW	A	-0.05%
SN	C	-0.05%
ELF	C	-0.05%
SSD	F	-0.05%
CLVT	F	-0.05%
JKHY	C	-0.05%
WWD	B	-0.05%
BURL	C	-0.05%
DLTR	F	-0.05%
GE	D	-0.05%
FND	F	-0.05%
DKS	D	-0.05%
CCK	D	-0.05%
WEX	D	-0.05%
DOV	A	-0.05%
UNP	D	-0.05%
OLLI	C	-0.05%
V	A	-0.05%
GPN	B	-0.05%
CTAS	B	-0.05%
LII	B	-0.05%
ROL	C	-0.05%
EEFT	C	-0.05%
TTEK	F	-0.05%
GGG	B	-0.05%
TRU	D	-0.05%
AZEK	B	-0.05%
FIS	B	-0.05%
YUM	B	-0.05%
WSM	F	-0.05%
CRUS	F	-0.05%
ITW	B	-0.05%
MTN	C	-0.05%
LNW	F	-0.05%
APG	C	-0.05%
AXTA	A	-0.05%
HEI	A	-0.05%
RTX	D	-0.05%
TT	B	-0.05%
HON	B	-0.05%
LEG	F	-0.05%
BAH	C	-0.05%
TSCO	D	-0.05%
TPX	B	-0.05%
COST	B	-0.05%
ITT	A	-0.05%
MA	B	-0.05%
CGNX	C	-0.05%
DKNG	B	-0.05%
OTIS	D	-0.05%
HRB	D	-0.05%
HAS	D	-0.05%
ATR	A	-0.05%
TJX	A	-0.05%
BIRK	F	-0.05%
PAYX	B	-0.05%
FICO	B	-0.05%
TREX	C	-0.05%
JCI	A	-0.05%
WMS	F	-0.05%
MCD	C	-0.05%
PNR	A	-0.05%
CPAY	A	-0.05%
RKT	F	-0.05%
RPM	A	-0.05%
CHDN	B	-0.05%
TER	F	-0.05%
KEX	A	-0.05%
WSO	B	-0.05%
CHRW	A	-0.05%
CMG	B	-0.05%
ETSY	D	-0.05%
CR	B	-0.05%
SIRI	C	-0.05%
KMX	B	-0.05%
BROS	B	-0.05%
DCI	A	-0.05%
CSL	B	-0.05%
AZO	B	-0.05%
ADBE	C	-0.05%
SQ	B	-0.05%
NSC	B	-0.05%
ADP	A	-0.05%
WAB	B	-0.05%
EXP	B	-0.05%
PENN	B	-0.05%
WMT	A	-0.05%
GAP	B	-0.05%
AME	A	-0.05%
CNM	D	-0.05%
IR	A	-0.05%
ETN	B	-0.05%
ROK	B	-0.05%
POOL	D	-0.05%
SW	B	-0.05%
NVT	C	-0.05%
AMZN	A	-0.05%
AXON	B	-0.05%
NYT	C	-0.05%
AFRM	B	-0.05%
GNTX	C	-0.05%
MLM	B	-0.05%
CAT	B	-0.05%
HUBB	C	-0.05%
VVV	B	-0.05%
CNH	D	-0.05%
PH	A	-0.05%
ORLY	A	-0.05%
BWXT	B	-0.05%
DECK	B	-0.05%
FI	A	-0.05%
PARA	B	-0.05%
PWR	B	-0.05%
ACM	B	-0.05%
AXP	B	-0.05%
HWM	B	-0.05%
MTZ	B	-0.05%
VMI	B	-0.05%
GWW	B	-0.05%
TKO	D	-0.05%
RIVN	F	-0.04%
WING	D	-0.04%
EL	F	-0.04%
EFX	F	-0.04%
BA	F	-0.04%
CROX	F	-0.04%
FCN	F	-0.04%
SPR	F	-0.04%
QRVO	F	-0.04%
BFAM	F	-0.04%
COTY	D	-0.04%
SWK	F	-0.04%
BALL	D	-0.04%
XYL	F	-0.04%
MKSI	C	-0.04%
WSC	F	-0.04%
ACHC	F	-0.04%
VLTO	D	-0.04%
AMCR	D	-0.04%
QS	F	-0.04%
ST	F	-0.04%
MHK	D	-0.04%
VRSK	A	-0.04%
AOS	F	-0.04%
MAN	F	-0.04%
LCID	F	-0.03%
CPRI	F	-0.03%
SMCI	F	-0.03%