FAB vs. FEX ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to First Trust Large Cap Core AlphaDEX (FEX)

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

$85.02

Average Daily Volume

4,786

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Core 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) 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

$103.52

Average Daily Volume

22,970

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	FAB	FEX
30 Days	4.01%	3.61%
60 Days	2.84%	4.86%
90 Days	8.64%	6.61%
12 Months	21.57%	25.75%

186 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in FEX	Overlap
	ABT	C	0.1%	0.1%	0.1%
	ACGL	C	0.48%	0.48%	0.48%
	ADM	D	0.43%	0.42%	0.42%
	AEE	C	0.41%	0.41%	0.41%
	AEP	C	0.41%	0.4%	0.4%
	AFL	C	0.31%	0.42%	0.31%
	AIG	D	0.35%	0.33%	0.33%
	APD	B	0.19%	0.28%	0.19%
	APTV	D	0.42%	0.41%	0.41%
	ARE	C	0.18%	0.18%	0.18%
	ATO	B	0.41%	0.4%	0.4%
	AWK	B	0.1%	0.2%	0.1%
	BAC	D	0.25%	0.25%	0.25%
	BBY	C	0.3%	0.3%	0.3%
	BEN	F	0.31%	0.3%	0.3%
	BG	D	0.4%	0.38%	0.38%
	BIIB	F	0.07%	0.15%	0.07%
	BKR	C	0.24%	0.24%	0.24%
	BLK	B	0.1%	0.19%	0.1%
	BRK.A	C	0.49%	0.47%	0.47%
	C	C	0.23%	0.23%	0.23%
	CAG	C	0.39%	0.39%	0.39%
	CB	B	0.4%	0.39%	0.39%
	CBRE	A	0.11%	0.23%	0.11%
	CE	F	0.39%	0.39%	0.39%
	CF	C	0.46%	0.45%	0.45%
	CFG	C	0.39%	0.38%	0.38%
	CHTR	D	0.29%	0.29%	0.29%
	CI	C	0.09%	0.19%	0.09%
	CINF	B	0.5%	0.49%	0.49%
	CMCSA	D	0.44%	0.42%	0.42%
	CMI	C	0.09%	0.18%	0.09%
	CMS	C	0.3%	0.3%	0.3%
	CNC	D	0.4%	0.39%	0.39%
	CNP	C	0.23%	0.23%	0.23%
	COF	B	0.35%	0.34%	0.34%
	COP	D	0.39%	0.39%	0.39%
	CPB	C	0.19%	0.29%	0.19%
	CRBG	D	0.24%	0.32%	0.24%
	CSCO	C	0.18%	0.36%	0.18%
	CTRA	D	0.37%	0.36%	0.36%
	CTSH	C	0.39%	0.48%	0.39%
	CTVA	B	0.09%	0.09%	0.09%
	CVS	D	0.43%	0.42%	0.42%
	CVX	D	0.39%	0.38%	0.38%
	D	C	0.3%	0.3%	0.3%
	DD	B	0.09%	0.09%	0.09%
	DE	B	0.27%	0.36%	0.27%
	DG	F	0.05%	0.11%	0.05%
	DGX	B	0.29%	0.39%	0.29%
	DHI	B	0.59%	0.58%	0.58%
	DOV	B	0.18%	0.35%	0.18%
	DOW	D	0.17%	0.24%	0.17%
	DTE	C	0.29%	0.38%	0.29%
	DUK	C	0.3%	0.3%	0.3%
	DVN	F	0.37%	0.35%	0.35%
	EBAY	B	0.41%	0.51%	0.41%
	ED	C	0.41%	0.4%	0.4%
	EG	C	0.44%	0.43%	0.43%
	EIX	C	0.3%	0.3%	0.3%
	ELV	C	0.09%	0.17%	0.09%
	EOG	D	0.41%	0.41%	0.41%
	EPAM	F	0.19%	0.28%	0.19%
	EQR	B	0.29%	0.28%	0.28%
	EQT	D	0.39%	0.38%	0.38%
	ETR	B	0.51%	0.51%	0.51%
	EXC	C	0.51%	0.39%	0.39%
	EXPD	C	0.08%	0.08%	0.08%
	F	F	0.37%	0.29%	0.29%
	FANG	D	0.37%	0.37%	0.37%
	FDX	C	0.24%	0.33%	0.24%
	FE	C	0.29%	0.29%	0.29%
	FITB	B	0.29%	0.29%	0.29%
	FNF	B	0.21%	0.31%	0.21%
	FOXA	B	0.5%	0.49%	0.49%
	GD	B	0.09%	0.18%	0.09%
	GIS	B	0.3%	0.3%	0.3%
	GM	C	0.44%	0.43%	0.43%
	GPC	D	0.17%	0.25%	0.17%
	GPN	D	0.5%	0.49%	0.49%
	GS	C	0.18%	0.27%	0.18%
	HAL	F	0.29%	0.36%	0.29%
	HBAN	B	0.38%	0.38%	0.38%
	HCA	B	0.21%	0.21%	0.21%
	HIG	B	0.4%	0.39%	0.39%
	HPE	D	0.35%	0.34%	0.34%
	HPQ	D	0.17%	0.08%	0.08%
	HRL	C	0.18%	0.27%	0.18%
	HSY	C	0.19%	0.28%	0.19%
	HUM	F	0.07%	0.14%	0.07%
	INCY	C	0.27%	0.37%	0.27%
	INTC	F	0.16%	0.23%	0.16%
	IPG	C	0.37%	0.36%	0.36%
	J	C	0.09%	0.18%	0.09%
	JBHT	D	0.27%	0.27%	0.27%
	JBL	D	0.24%	0.33%	0.24%
	JCI	B	0.09%	0.18%	0.09%
	JNJ	C	0.2%	0.29%	0.2%
	K	B	0.12%	0.12%	0.12%
	KDP	B	0.19%	0.28%	0.19%
	KEY	B	0.2%	0.19%	0.19%
	KHC	C	0.38%	0.37%	0.37%
	KIM	C	0.21%	0.31%	0.21%
	KMB	D	0.09%	0.09%	0.09%
	KMI	B	0.37%	0.37%	0.37%
	KR	C	0.28%	0.38%	0.28%
	KVUE	C	0.11%	0.22%	0.11%
	L	C	0.37%	0.36%	0.36%
	LEN	B	0.53%	0.53%	0.53%
	LHX	C	0.09%	0.17%	0.09%
	LKQ	F	0.33%	0.41%	0.33%
	LMT	C	0.21%	0.21%	0.21%
	LNG	C	0.36%	0.35%	0.35%
	LOW	B	0.2%	0.2%	0.2%
	LUV	C	0.26%	0.25%	0.25%
	LYB	D	0.34%	0.33%	0.33%
	MAA	B	0.1%	0.2%	0.1%
	MDLZ	B	0.1%	0.2%	0.1%
	MDT	C	0.2%	0.19%	0.19%
	MKC	C	0.1%	0.1%	0.1%
	MKL	C	0.43%	0.42%	0.42%
	MOH	D	0.21%	0.21%	0.21%
	MPC	F	0.41%	0.39%	0.39%
	MS	D	0.17%	0.17%	0.17%
	MTB	B	0.38%	0.39%	0.38%
	NEE	C	0.21%	0.3%	0.21%
	NKE	D	0.09%	0.18%	0.09%
	NUE	F	0.39%	0.38%	0.38%
	OC	D	0.33%	0.41%	0.33%
	OKE	B	0.19%	0.29%	0.19%
	OMC	B	0.19%	0.19%	0.19%
	OXY	F	0.35%	0.34%	0.34%
	PCG	C	0.4%	0.39%	0.39%
	PEG	B	0.2%	0.29%	0.2%
	PFG	B	0.09%	0.18%	0.09%
	PKG	B	0.2%	0.3%	0.2%
	PNC	B	0.2%	0.29%	0.2%
	POOL	C	0.1%	0.1%	0.1%
	PPG	D	0.17%	0.17%	0.17%
	PRU	C	0.08%	0.08%	0.08%
	PSX	F	0.39%	0.38%	0.38%
	PYPL	B	0.21%	0.31%	0.21%
	QCOM	D	0.07%	0.14%	0.07%
	REGN	C	0.09%	0.19%	0.09%
	RF	B	0.28%	0.38%	0.28%
	RJF	C	0.08%	0.16%	0.08%
	RS	D	0.34%	0.41%	0.34%
	SJM	C	0.38%	0.37%	0.37%
	SNA	C	0.37%	0.45%	0.37%
	SRE	C	0.28%	0.37%	0.28%
	SSNC	B	0.21%	0.31%	0.21%
	STLD	F	0.37%	0.36%	0.36%
	STT	A	0.29%	0.29%	0.29%
	SWKS	D	0.24%	0.31%	0.24%
	SYF	C	0.43%	0.42%	0.42%
	SYY	D	0.09%	0.09%	0.09%
	T	C	0.5%	0.49%	0.49%
	TDY	B	0.28%	0.28%	0.28%
	TEL	D	0.25%	0.41%	0.25%
	TGT	C	0.18%	0.26%	0.18%
	TRGP	B	0.1%	0.1%	0.1%
	TROW	D	0.32%	0.39%	0.32%
	TRV	C	0.2%	0.3%	0.2%
	TSCO	C	0.09%	0.09%	0.09%
	TSN	C	0.09%	0.09%	0.09%
	TXT	D	0.26%	0.26%	0.26%
	UAL	C	0.45%	0.45%	0.45%
	UHAL	A	0.39%	0.39%	0.39%
	UPS	D	0.16%	0.16%	0.16%
	USB	B	0.28%	0.29%	0.28%
	VLO	F	0.38%	0.36%	0.36%
	VTR	C	0.11%	0.21%	0.11%
	VTRS	D	0.39%	0.38%	0.38%
	VZ	B	0.37%	0.37%	0.37%
	WBD	D	0.36%	0.39%	0.36%
	WEC	C	0.31%	0.41%	0.31%
	WFC	D	0.3%	0.31%	0.3%
	WLK	D	0.08%	0.16%	0.08%
	WMT	C	0.1%	0.1%	0.1%
	WPC	C	0.29%	0.39%	0.29%
	WRB	C	0.19%	0.19%	0.19%
	WY	C	0.19%	0.29%	0.19%
	XEL	B	0.42%	0.41%	0.41%
	XOM	C	0.34%	0.41%	0.34%
	ZBH	F	0.25%	0.33%	0.25%
	ZM	C	0.29%	0.29%	0.29%

FAB Overweight 474 Positions Relative to FEX

	Symbol	Grade	Weight
	MHO	B	0.28%
	MTH	A	0.26%
	RNR	C	0.25%
	MTG	B	0.25%
	GPI	B	0.25%
	RUSHA	C	0.25%
	KBH	A	0.25%
	TMHC	A	0.25%
	FYBR	C	0.24%
	RDN	C	0.24%
	ESNT	B	0.24%
	JXN	A	0.24%
	LBRDK	F	0.24%
	ESGR	D	0.23%
	CNXC	F	0.23%
	ASO	C	0.23%
	HOG	C	0.23%
	TAP	D	0.23%
	LAD	D	0.23%
	AMG	C	0.23%
	FMC	C	0.23%
	AGO	C	0.22%
	UHS	B	0.22%
	THC	A	0.21%
	G	C	0.21%
	BTU	D	0.21%
	SIG	C	0.21%
	SEB	D	0.21%
	KRC	B	0.2%
	EVRG	B	0.2%
	AGCO	D	0.2%
	LBRT	D	0.2%
	NOG	D	0.2%
	TPH	C	0.2%
	TEX	F	0.2%
	DAR	F	0.2%
	PNW	C	0.2%
	VLY	C	0.2%
	WTM	D	0.2%
	COLB	B	0.2%
	CADE	C	0.19%
	DXC	C	0.19%
	MOS	F	0.19%
	BYD	C	0.19%
	NFG	B	0.19%
	BKH	B	0.19%
	R	A	0.19%
	POR	C	0.19%
	CHK	D	0.19%
	PVH	F	0.19%
	COOP	C	0.19%
	BCC	B	0.19%
	OGS	B	0.19%
	SM	F	0.19%
	AL	D	0.19%
	ARW	C	0.18%
	MDU	C	0.18%
	MUR	F	0.18%
	OVV	F	0.18%
	DINO	F	0.18%
	MTDR	F	0.18%
	GMS	D	0.18%
	NOV	F	0.18%
	HP	F	0.18%
	UNM	B	0.18%
	PTEN	F	0.17%
	AVT	C	0.17%
	OZK	D	0.17%
	OGN	D	0.17%
	MATX	B	0.17%
	BWA	D	0.17%
	CVI	F	0.17%
	WBS	D	0.17%
	AN	D	0.17%
	MLI	A	0.16%
	OSK	F	0.16%
	CMC	D	0.16%
	ADTN	D	0.16%
	LEA	F	0.16%
	CLF	F	0.16%
	MGY	C	0.16%
	GL	C	0.16%
	ABG	D	0.16%
	PRG	B	0.16%
	WAL	B	0.16%
	LNC	D	0.16%
	CUZ	B	0.16%
	OGE	C	0.15%
	NMIH	B	0.15%
	PBF	F	0.15%
	URBN	F	0.15%
	INVA	B	0.15%
	PNFP	B	0.15%
	CCS	B	0.15%
	NI	B	0.15%
	HE	F	0.15%
	KNX	C	0.14%
	WTFC	B	0.14%
	BC	C	0.14%
	AVA	C	0.14%
	NWN	C	0.14%
	UFPI	C	0.14%
	HII	D	0.14%
	THO	D	0.14%
	UAA	C	0.14%
	CHRD	F	0.14%
	ONB	C	0.14%
	NWE	B	0.14%
	EIG	C	0.14%
	EWBC	D	0.14%
	SON	C	0.14%
	CNX	B	0.14%
	UTHR	C	0.14%
	AGNC	B	0.14%
	APA	F	0.14%
	AXS	B	0.14%
	EBC	B	0.14%
	ALLY	F	0.14%
	PHIN	B	0.14%
	BNL	B	0.14%
	BZH	B	0.14%
	BERY	B	0.14%
	NXST	D	0.13%
	AEO	F	0.13%
	HPP	D	0.13%
	WU	F	0.13%
	VAL	F	0.13%
	WCC	D	0.13%
	FHN	D	0.13%
	TKR	D	0.13%
	GDEN	D	0.13%
	ALK	C	0.13%
	SANM	D	0.13%
	PII	D	0.13%
	JAZZ	D	0.13%
	FNB	C	0.13%
	PAG	D	0.13%
	GEF	D	0.13%
	IMKTA	D	0.13%
	SPB	C	0.13%
	UVV	D	0.13%
	EMN	B	0.13%
	NRG	C	0.13%
	GHC	B	0.13%
	SR	B	0.13%
	ATSG	D	0.13%
	WMK	C	0.13%
	LZB	C	0.13%
	OLN	D	0.12%
	RYI	D	0.12%
	SBH	B	0.12%
	INDB	C	0.12%
	RC	F	0.12%
	RLJ	D	0.12%
	ASH	D	0.12%
	AAT	B	0.12%
	CNO	B	0.12%
	FCF	C	0.12%
	BKU	C	0.12%
	OMF	D	0.12%
	CZR	C	0.12%
	LGIH	C	0.12%
	NX	F	0.12%
	EFSC	B	0.12%
	STBA	B	0.12%
	CXW	F	0.12%
	HIW	B	0.12%
	KOP	F	0.12%
	ENVA	C	0.12%
	CUBI	F	0.12%
	TGNA	D	0.12%
	DNB	C	0.11%
	OLPX	C	0.11%
	KSS	F	0.11%
	UMBF	B	0.11%
	NAVI	C	0.11%
	FRME	D	0.11%
	DNOW	D	0.11%
	REVG	D	0.11%
	OCFC	B	0.11%
	CATY	C	0.11%
	ATKR	F	0.11%
	SCHL	D	0.11%
	FFBC	D	0.11%
	GAP	F	0.11%
	RRC	D	0.11%
	SNDR	B	0.11%
	CRI	D	0.11%
	CALM	A	0.11%
	GES	F	0.11%
	CABO	F	0.11%
	JBT	D	0.11%
	BOKF	B	0.1%
	HOMB	B	0.1%
	IDA	C	0.1%
	CMA	B	0.1%
	HTZ	F	0.1%
	ORI	B	0.1%
	UBSI	B	0.1%
	LILAK	D	0.1%
	ABR	B	0.1%
	ABM	D	0.1%
	CENTA	F	0.1%
	DDS	F	0.1%
	REYN	C	0.1%
	PEBO	C	0.1%
	M	F	0.1%
	SAIC	C	0.1%
	AIZ	B	0.1%
	LPX	B	0.1%
	SAH	D	0.1%
	IPGP	F	0.1%
	LNT	B	0.1%
	ADNT	F	0.1%
	USM	C	0.1%
	VSH	F	0.1%
	WGO	D	0.1%
	PB	B	0.1%
	PRDO	D	0.1%
	WERN	D	0.1%
	ABCB	B	0.1%
	ARCH	F	0.1%
	SLGN	B	0.1%
	HUBG	C	0.1%
	PFBC	D	0.1%
	ALGT	F	0.1%
	FAF	B	0.1%
	IBOC	D	0.1%
	SSB	B	0.1%
	AMN	F	0.09%
	SFNC	B	0.09%
	SWX	C	0.09%
	MSGE	B	0.09%
	SLM	D	0.09%
	PDCO	F	0.09%
	HWC	D	0.09%
	ASGN	D	0.09%
	GT	F	0.09%
	UGI	C	0.09%
	TOWN	B	0.09%
	PATK	B	0.09%
	LGND	C	0.09%
	SEIC	C	0.09%
	COLM	C	0.09%
	WTRG	D	0.09%
	ZION	D	0.09%
	TALO	D	0.09%
	EPC	F	0.09%
	MIDD	D	0.09%
	BBWI	F	0.09%
	PARR	F	0.09%
	AYI	B	0.09%
	PRGO	D	0.09%
	CRC	C	0.09%
	DTM	B	0.09%
	VSCO	C	0.09%
	MATW	F	0.09%
	ANDE	D	0.09%
	RYN	C	0.09%
	CRK	D	0.09%
	REZI	D	0.09%
	NJR	B	0.09%
	SASR	B	0.09%
	IAC	C	0.09%
	FBNC	B	0.09%
	CROX	D	0.08%
	JELD	D	0.08%
	NBHC	D	0.08%
	FHI	A	0.08%
	RNST	D	0.08%
	EQC	C	0.08%
	HGV	F	0.08%
	DAN	F	0.08%
	BXC	D	0.08%
	FIBK	B	0.08%
	BECN	D	0.08%
	KMT	B	0.08%
	CENX	D	0.08%
	OMI	D	0.08%
	OI	D	0.08%
	SJW	C	0.08%
	OMCL	C	0.08%
	WSBC	D	0.08%
	AX	D	0.08%
	WSFS	D	0.08%
	WHR	D	0.08%
	UNF	C	0.08%
	SLVM	B	0.08%
	FHB	D	0.08%
	MCRI	C	0.08%
	CTOS	F	0.08%
	ENS	D	0.08%
	HOPE	B	0.08%
	PNM	B	0.08%
	BANR	B	0.08%
	NWBI	C	0.08%
	SKX	D	0.08%
	SNX	D	0.08%
	BKE	B	0.08%
	ADV	C	0.08%
	SSTK	F	0.08%
	VBTX	B	0.08%
	OFG	C	0.08%
	CASH	B	0.08%
	DKS	D	0.08%
	RIG	F	0.07%
	MRTN	D	0.07%
	ARCB	D	0.07%
	KOS	F	0.07%
	HTLD	D	0.07%
	ECVT	F	0.07%
	KN	D	0.07%
	NMRK	A	0.07%
	MLKN	D	0.07%
	ODP	F	0.07%
	CHGG	F	0.07%
	ICUI	B	0.07%
	APOG	B	0.07%
	CNXN	B	0.06%
	SBCF	C	0.06%
	TCBI	B	0.06%
	UCBI	B	0.06%
	CSGS	C	0.06%
	DFIN	B	0.06%
	AUB	D	0.06%
	KLG	C	0.06%
	NIC	C	0.06%
	CPK	B	0.06%
	NHC	D	0.06%
	GOGO	F	0.06%
	ALEX	B	0.06%
	CAR	F	0.06%
	SKY	B	0.06%
	VNO	B	0.06%
	GTY	B	0.06%
	PLUS	A	0.06%
	HELE	D	0.06%
	VAC	F	0.06%
	WAFD	C	0.06%
	DORM	B	0.06%
	DEI	B	0.06%
	DIOD	F	0.06%
	MODG	F	0.06%
	ROIC	B	0.06%
	ZD	D	0.06%
	CBRL	D	0.06%
	CMCO	F	0.06%
	VRTS	F	0.06%
	AMKR	F	0.06%
	GEO	F	0.06%
	SHEN	F	0.05%
	CRUS	D	0.05%
	AVNT	B	0.05%
	VOYA	B	0.05%
	IVZ	B	0.05%
	HSIC	C	0.05%
	EHC	C	0.05%
	XHR	B	0.05%
	BXMT	C	0.05%
	AFG	B	0.05%
	SNV	C	0.05%
	BPOP	C	0.05%
	LNN	D	0.05%
	CACI	B	0.05%
	EAT	A	0.05%
	IP	B	0.05%
	PTVE	D	0.05%
	USFD	B	0.05%
	NVST	D	0.05%
	HLI	B	0.05%
	TRS	D	0.05%
	PCH	C	0.05%
	MAT	C	0.05%
	CVBF	D	0.05%
	TFX	C	0.05%
	JEF	B	0.05%
	HTH	C	0.05%
	FULT	D	0.05%
	HLF	F	0.05%
	SNEX	B	0.05%
	TRMK	C	0.05%
	CCK	A	0.05%
	TCBK	D	0.05%
	PBH	B	0.05%
	JLL	B	0.05%
	BUSE	C	0.05%
	PSMT	B	0.05%
	BDC	B	0.05%
	VCTR	B	0.05%
	SRCE	C	0.05%
	PRIM	B	0.05%
	SAFT	D	0.05%
	MCY	D	0.05%
	LCII	C	0.05%
	OEC	F	0.05%
	DEA	B	0.05%
	CWT	C	0.05%
	AR	F	0.04%
	FOXF	D	0.04%
	KALU	F	0.04%
	BJ	D	0.04%
	LANC	D	0.04%
	CACC	F	0.04%
	KWR	D	0.04%
	SEE	D	0.04%
	LFUS	C	0.04%
	BLMN	F	0.04%
	SIGI	D	0.04%
	RHI	D	0.04%
	STRA	F	0.04%
	KEX	C	0.04%
	BHF	F	0.04%
	GXO	D	0.04%
	LSTR	D	0.04%
	PARA	F	0.04%
	SEM	D	0.04%
	NEOG	D	0.04%
	MTX	D	0.04%
	MMS	C	0.04%
	SUM	D	0.04%
	PCRX	F	0.04%
	RGA	C	0.04%
	FUL	C	0.04%
	KFY	B	0.03%
	HMN	D	0.03%
	SHOO	B	0.03%
	WD	A	0.03%
	PGRE	C	0.03%
	GNW	B	0.03%
	FBP	C	0.03%
	LXP	B	0.03%
	AAP	F	0.03%
	NNI	B	0.03%
	MWA	B	0.03%
	ADUS	B	0.03%
	HNI	C	0.03%
	BHLB	B	0.03%
	THS	C	0.03%
	NBTB	D	0.03%
	CWEN	C	0.03%
	STC	B	0.03%
	FBK	B	0.03%
	JBGS	C	0.03%
	BOOT	A	0.03%
	VSAT	F	0.03%
	BMBL	F	0.03%
	CBU	C	0.03%
	PLXS	A	0.03%
	CVCO	A	0.03%
	PFS	B	0.03%
	FDP	C	0.03%
	LTH	B	0.03%
	HI	F	0.02%
	GO	F	0.02%
	DK	F	0.02%
	ROG	F	0.02%
	OXM	F	0.02%
	SCL	D	0.02%
	XRX	D	0.02%
	CTS	D	0.02%
	CAKE	C	0.02%
	THRM	D	0.02%
	WOR	D	0.02%
	ENOV	D	0.02%
	OII	D	0.02%
	ASB	D	0.02%
	NVEE	F	0.02%
	CMTG	D	0.02%
	APAM	C	0.02%
	KFRC	D	0.02%
	AIN	D	0.02%
	ATUS	C	0.02%
	PPBI	D	0.02%
	IART	F	0.01%

FAB Underweight 184 Positions Relative to FEX

	Symbol	Grade	Weight
	IRM	C	-0.56%
	HWM	B	-0.52%
	KKR	B	-0.51%
	HEI	B	-0.5%
	BK	B	-0.5%
	GE	B	-0.48%
	FCNCA	D	-0.47%
	TT	B	-0.47%
	TJX	B	-0.46%
	META	B	-0.45%
	GRMN	D	-0.45%
	RCL	B	-0.45%
	COST	B	-0.45%
	PWR	B	-0.45%
	GDDY	C	-0.45%
	WAB	B	-0.45%
	VST	C	-0.44%
	FICO	B	-0.43%
	LLY	C	-0.43%
	ANET	B	-0.43%
	JPM	D	-0.43%
	BAH	C	-0.43%
	APO	C	-0.42%
	VRT	C	-0.42%
	DECK	C	-0.41%
	STX	C	-0.41%
	NVDA	D	-0.4%
	NTAP	D	-0.39%
	MSI	B	-0.39%
	BRO	C	-0.39%
	LII	B	-0.38%
	BSX	B	-0.37%
	GOOGL	D	-0.37%
	CL	D	-0.37%
	ERIE	B	-0.37%
	ISRG	B	-0.37%
	AMGN	B	-0.36%
	TDG	B	-0.36%
	PLTR	B	-0.36%
	AVGO	C	-0.35%
	NFLX	B	-0.35%
	CEG	C	-0.34%
	HLT	B	-0.34%
	BKNG	C	-0.34%
	PANW	D	-0.34%
	ETN	C	-0.33%
	MMM	B	-0.33%
	APH	D	-0.32%
	CCL	C	-0.32%
	PHM	B	-0.32%
	DAL	C	-0.32%
	AMZN	C	-0.32%
	ORCL	C	-0.31%
	CMG	C	-0.31%
	LPLA	D	-0.31%
	TYL	C	-0.3%
	CRWD	D	-0.3%
	TMUS	C	-0.3%
	CTAS	B	-0.3%
	NOW	B	-0.29%
	URI	B	-0.29%
	AJG	D	-0.29%
	AZO	D	-0.27%
	ROST	C	-0.27%
	DPZ	F	-0.27%
	RSG	D	-0.27%
	AMAT	D	-0.27%
	ECL	B	-0.27%
	NTRS	A	-0.27%
	MPWR	C	-0.27%
	PSTG	F	-0.26%
	CSL	B	-0.26%
	FSLR	C	-0.26%
	ROL	C	-0.26%
	NTNX	C	-0.26%
	VRTX	D	-0.26%
	CAT	B	-0.26%
	WM	D	-0.25%
	XYL	C	-0.25%
	UBER	C	-0.25%
	IR	C	-0.25%
	LRCX	F	-0.24%
	MAR	C	-0.24%
	KLAC	D	-0.23%
	NXPI	F	-0.22%
	DDOG	D	-0.22%
	PINS	F	-0.22%
	AXON	B	-0.22%
	WELL	C	-0.21%
	PM	C	-0.21%
	SNPS	D	-0.21%
	ESS	B	-0.2%
	PH	B	-0.2%
	MANH	B	-0.19%
	MMC	C	-0.19%
	ALNY	C	-0.19%
	GWW	B	-0.19%
	ARES	B	-0.19%
	AVB	B	-0.19%
	KO	C	-0.19%
	MO	C	-0.19%
	MCO	B	-0.19%
	WSO	C	-0.18%
	DLR	B	-0.18%
	WMB	B	-0.18%
	ORLY	C	-0.18%
	BR	D	-0.18%
	EXPE	C	-0.18%
	TTD	B	-0.18%
	LYV	B	-0.18%
	SYK	C	-0.18%
	INTU	C	-0.17%
	RIVN	F	-0.17%
	OTIS	C	-0.17%
	ROP	C	-0.17%
	MTD	D	-0.17%
	VRSK	D	-0.17%
	DKNG	C	-0.17%
	CHD	D	-0.17%
	AAPL	C	-0.17%
	PCAR	D	-0.16%
	MSFT	C	-0.16%
	CDNS	D	-0.15%
	MGM	F	-0.14%
	OKTA	F	-0.13%
	TRU	B	-0.12%
	IBM	B	-0.11%
	RMD	C	-0.11%
	AXP	B	-0.1%
	MA	B	-0.1%
	RPM	B	-0.1%
	IT	B	-0.1%
	CPNG	B	-0.1%
	NSC	C	-0.1%
	SO	B	-0.1%
	PODD	B	-0.1%
	SNAP	F	-0.1%
	ADP	B	-0.1%
	PPL	C	-0.1%
	SPGI	B	-0.1%
	RTX	C	-0.1%
	NOC	B	-0.1%
	BAX	C	-0.1%
	NVR	B	-0.1%
	PGR	B	-0.1%
	TXN	C	-0.09%
	INVH	C	-0.09%
	MRVL	C	-0.09%
	EA	D	-0.09%
	DRI	B	-0.09%
	PG	C	-0.09%
	LIN	B	-0.09%
	ADSK	C	-0.09%
	SPG	B	-0.09%
	SMCI	F	-0.09%
	AMH	C	-0.09%
	GLW	C	-0.09%
	TMO	B	-0.09%
	STE	C	-0.09%
	GEHC	C	-0.09%
	HOLX	B	-0.09%
	HUBB	B	-0.09%
	NBIX	F	-0.08%
	ZS	F	-0.08%
	CPRT	D	-0.08%
	AMD	D	-0.08%
	ADBE	F	-0.08%
	NWSA	D	-0.08%
	PTC	D	-0.08%
	HON	D	-0.08%
	NET	D	-0.08%
	VMC	D	-0.08%
	ADI	C	-0.08%
	MLM	D	-0.08%
	TTWO	C	-0.08%
	STZ	D	-0.08%
	CRM	D	-0.08%
	BDX	D	-0.08%
	EL	F	-0.07%
	ENTG	F	-0.07%
	HUBS	D	-0.07%
	BA	F	-0.07%
	FCX	D	-0.07%
	EW	F	-0.06%

FAB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Utilities - Regulated Electric Asset Management Insurance - Property & Casualty Packaged Foods Residential Construction Packaging & Containers REIT - Diversified Specialty Chemicals Specialty Retail Building Materials Credit Services Utilities - Regulated Gas Auto Parts Diversified Industrials Insurance - Diversified REIT - Office Telecom Services Utilities - Diversified

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Insurance Products Chemical Real Estate Investment Trust Real Estate Loans Transport Commercial Bank Electronics Trust Services Investment Management Clothing Life Insurance Mining

FEX: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Semiconductors Asset Management Aerospace & Defense Banks - Regional - US Business Services Diversified Industrials Software - Infrastructure Packaged Foods Insurance - Property & Casualty Medical Devices Oil & Gas E&P Specialty Retail Capital Markets Health Care Plans Household & Personal Products Medical Instruments & Supplies REIT - Residential Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Electronics Dow Jones Component Electricity Aerospace Bank Chemical IBD 50 Telecommunications Banking Medicine Semiconductor Insurance Products Investment Bank Transport Integrated Circuits