FAB vs. FNDA ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Schwab Fundamental U.S. Small Company Index ETF (FNDA)

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

$81.25

Average Daily Volume

5,735

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

FNDA

Schwab Fundamental U.S. Small Company Index ETF

FNDA Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$56.23

Average Daily Volume

280,383

Number of Holdings ^*

999

* may have additional holdings in another (foreign) market

Performance

Period	FAB	FNDA
30 Days	2.98%	3.10%
60 Days	4.41%	2.99%
90 Days	3.06%	2.80%
12 Months	16.16%	14.31%

321 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in FNDA	Overlap
AAT	B	0.12%	0.07%	0.07%
ABCB	B	0.1%	0.13%	0.1%
ABR	B	0.09%	0.09%	0.09%
ADTN	F	0.16%	0.18%	0.16%
ADUS	B	0.03%	0.06%	0.03%
AEO	D	0.13%	0.05%	0.05%
AGNC	A	0.14%	0.24%	0.14%
AGO	D	0.22%	0.23%	0.22%
AIN	D	0.03%	0.1%	0.03%
ALEX	B	0.06%	0.1%	0.06%
ALGT	F	0.1%	0.02%	0.02%
ALK	D	0.11%	0.05%	0.05%
AMKR	F	0.06%	0.19%	0.06%
AMN	F	0.1%	0.14%	0.1%
ANDE	D	0.1%	0.06%	0.06%
APAM	D	0.02%	0.13%	0.02%
APOG	C	0.07%	0.12%	0.07%
ARCB	F	0.07%	0.17%	0.07%
ASB	C	0.03%	0.2%	0.03%
ASH	D	0.12%	0.2%	0.12%
ATKR	F	0.11%	0.1%	0.1%
ATSG	C	0.14%	0.07%	0.07%
AUB	B	0.06%	0.05%	0.05%
AVA	B	0.14%	0.17%	0.14%
AVNT	B	0.05%	0.22%	0.05%
AX	C	0.08%	0.11%	0.08%
AXS	B	0.14%	0.18%	0.14%
BANR	B	0.08%	0.11%	0.08%
BDC	B	0.05%	0.15%	0.05%
BHLB	B	0.03%	0.01%	0.01%
BKE	B	0.08%	0.09%	0.08%
BKH	A	0.19%	0.23%	0.19%
BKU	B	0.12%	0.3%	0.12%
BLMN	F	0.04%	0.08%	0.04%
BMBL	D	0.03%	0.01%	0.01%
BNL	B	0.14%	0.06%	0.06%
BOKF	B	0.1%	0.11%	0.1%
BOOT	B	0.03%	0.11%	0.03%
BUSE	B	0.05%	0.07%	0.05%
BXC	F	0.07%	0.06%	0.06%
BXMT	C	0.04%	0.14%	0.04%
BYD	B	0.19%	0.17%	0.17%
BZH	B	0.13%	0.06%	0.06%
CABO	F	0.12%	0.11%	0.11%
CACC	F	0.04%	0.16%	0.04%
CACC	F	0.04%	0.08%	0.04%
CADE	C	0.19%	0.2%	0.19%
CAKE	C	0.02%	0.06%	0.02%
CALM	B	0.11%	0.17%	0.11%
CASH	A	0.09%	0.06%	0.06%
CATY	B	0.11%	0.15%	0.11%
CBRL	F	0.07%	0.1%	0.07%
CBU	B	0.03%	0.11%	0.03%
CCS	B	0.14%	0.21%	0.14%
CENTA	D	0.1%	0.09%	0.09%
CHGG	F	0.08%	0.0%	0.0%
CHRD	F	0.14%	0.1%	0.1%
CMCO	F	0.07%	0.04%	0.04%
CMTG	F	0.02%	0.02%	0.02%
CNX	B	0.14%	0.07%	0.07%
CNXC	C	0.25%	0.14%	0.14%
CNXN	B	0.05%	0.09%	0.05%
COLB	B	0.21%	0.19%	0.19%
COLM	B	0.09%	0.18%	0.09%
COOP	B	0.19%	0.22%	0.19%
CPK	A	0.05%	0.06%	0.05%
CRC	D	0.09%	0.16%	0.09%
CRK	D	0.09%	0.05%	0.05%
CROX	C	0.08%	0.22%	0.08%
CRUS	C	0.05%	0.33%	0.05%
CSGS	C	0.06%	0.08%	0.06%
CTS	D	0.02%	0.05%	0.02%
CUBI	F	0.13%	0.06%	0.06%
CUZ	A	0.15%	0.19%	0.15%
CVBF	D	0.05%	0.09%	0.05%
CVCO	B	0.03%	0.13%	0.03%
CVI	F	0.19%	0.07%	0.07%
CWEN	B	0.03%	0.09%	0.03%
CWT	B	0.06%	0.09%	0.06%
CXW	D	0.12%	0.19%	0.12%
DDS	D	0.1%	0.1%	0.1%
DEA	A	0.05%	0.06%	0.05%
DEI	B	0.06%	0.2%	0.06%
DFIN	B	0.05%	0.07%	0.05%
DIOD	F	0.06%	0.12%	0.06%
DNB	B	0.11%	0.12%	0.11%
DNOW	D	0.11%	0.14%	0.11%
DORM	B	0.06%	0.12%	0.06%
DTM	B	0.09%	0.2%	0.09%
EAT	B	0.05%	0.14%	0.05%
EBC	B	0.15%	0.06%	0.06%
ECVT	F	0.07%	0.04%	0.04%
EFSC	B	0.12%	0.06%	0.06%
EIG	B	0.14%	0.09%	0.09%
ENOV	D	0.02%	0.1%	0.02%
ENS	D	0.08%	0.2%	0.08%
ENVA	B	0.13%	0.18%	0.13%
EPC	C	0.1%	0.12%	0.1%
ESGR	D	0.22%	0.09%	0.09%
ESNT	B	0.24%	0.19%	0.19%
FBK	B	0.03%	0.01%	0.01%
FBNC	B	0.09%	0.05%	0.05%
FBP	B	0.03%	0.09%	0.03%
FCF	B	0.12%	0.07%	0.07%
FDP	B	0.03%	0.2%	0.03%
FFBC	B	0.11%	0.11%	0.11%
FHB	C	0.08%	0.19%	0.08%
FHI	B	0.08%	0.05%	0.05%
FIBK	B	0.08%	0.11%	0.08%
FNB	C	0.14%	0.22%	0.14%
FOXF	F	0.04%	0.05%	0.04%
FRME	C	0.11%	0.09%	0.09%
FUL	C	0.04%	0.19%	0.04%
FULT	C	0.05%	0.14%	0.05%
GDEN	C	0.13%	0.02%	0.02%
GEF	D	0.13%	0.14%	0.13%
GEO	D	0.07%	0.24%	0.07%
GES	F	0.12%	0.07%	0.07%
GHC	C	0.13%	0.21%	0.13%
GMS	D	0.18%	0.19%	0.18%
GO	F	0.02%	0.07%	0.02%
GTY	B	0.06%	0.02%	0.02%
HE	F	0.17%	0.18%	0.17%
HELE	D	0.06%	0.08%	0.06%
HGV	D	0.08%	0.1%	0.08%
HI	F	0.02%	0.1%	0.02%
HIW	B	0.12%	0.23%	0.12%
HLF	F	0.06%	0.12%	0.06%
HLI	B	0.05%	0.18%	0.05%
HMN	B	0.03%	0.07%	0.03%
HNI	B	0.03%	0.19%	0.03%
HOMB	B	0.1%	0.07%	0.07%
HOPE	B	0.08%	0.12%	0.08%
HP	F	0.18%	0.19%	0.18%
HPP	D	0.13%	0.14%	0.13%
HTH	C	0.05%	0.12%	0.05%
HTLD	D	0.07%	0.05%	0.05%
HWC	C	0.09%	0.2%	0.09%
IAC	C	0.09%	0.12%	0.09%
IART	F	0.02%	0.05%	0.02%
IBOC	C	0.11%	0.11%	0.11%
ICUI	B	0.07%	0.14%	0.07%
IDA	A	0.1%	0.2%	0.1%
IMKTA	D	0.13%	0.18%	0.13%
INCY	C	0.27%	0.19%	0.19%
INDB	B	0.12%	0.08%	0.08%
INVA	B	0.15%	0.06%	0.06%
IPGP	F	0.1%	0.1%	0.1%
JAZZ	D	0.13%	0.07%	0.07%
JBGS	B	0.03%	0.14%	0.03%
JBT	F	0.11%	0.09%	0.09%
JELD	F	0.07%	0.16%	0.07%
KALU	F	0.04%	0.1%	0.04%
KEX	D	0.04%	0.2%	0.04%
KFRC	D	0.02%	0.09%	0.02%
KFY	C	0.03%	0.21%	0.03%
KLG	B	0.05%	0.07%	0.05%
KMT	D	0.08%	0.16%	0.08%
KN	D	0.07%	0.08%	0.07%
KOP	D	0.13%	0.07%	0.07%
KOS	F	0.08%	0.08%	0.08%
KRC	B	0.19%	0.2%	0.19%
KWR	D	0.04%	0.06%	0.04%
LANC	D	0.04%	0.1%	0.04%
LBRDK	C	0.23%	0.05%	0.05%
LBRT	D	0.2%	0.14%	0.14%
LCII	B	0.05%	0.18%	0.05%
LFUS	C	0.04%	0.18%	0.04%
LGIH	C	0.11%	0.15%	0.11%
LGND	B	0.09%	0.01%	0.01%
LILAK	D	0.09%	0.07%	0.07%
LNN	D	0.05%	0.04%	0.04%
LXP	B	0.03%	0.1%	0.03%
LZB	C	0.13%	0.16%	0.13%
MAT	C	0.05%	0.19%	0.05%
MATW	F	0.09%	0.04%	0.04%
MATX	C	0.17%	0.06%	0.06%
MCY	B	0.06%	0.15%	0.06%
MGY	D	0.16%	0.08%	0.08%
MHO	B	0.27%	0.28%	0.27%
MLKN	D	0.08%	0.18%	0.08%
MMS	C	0.04%	0.07%	0.04%
MODG	F	0.07%	0.06%	0.06%
MRTN	D	0.07%	0.07%	0.07%
MTDR	F	0.18%	0.15%	0.15%
MTX	D	0.04%	0.15%	0.04%
MWA	C	0.03%	0.12%	0.03%
NBHC	B	0.08%	0.01%	0.01%
NBTB	B	0.03%	0.08%	0.03%
NEOG	D	0.04%	0.05%	0.04%
NHC	B	0.06%	0.11%	0.06%
NIC	B	0.06%	0.01%	0.01%
NJR	A	0.09%	0.17%	0.09%
NMIH	B	0.15%	0.08%	0.08%
NMRK	A	0.07%	0.14%	0.07%
NNI	B	0.03%	0.07%	0.03%
NOG	D	0.21%	0.03%	0.03%
NVEE	F	0.02%	0.04%	0.02%
NVST	C	0.04%	0.15%	0.04%
NWBI	B	0.08%	0.08%	0.08%
NWE	A	0.13%	0.17%	0.13%
NWN	B	0.13%	0.08%	0.08%
NX	D	0.11%	0.06%	0.06%
OCFC	B	0.11%	0.03%	0.03%
OEC	F	0.06%	0.06%	0.06%
OFG	B	0.09%	0.06%	0.06%
OGS	B	0.19%	0.19%	0.19%
OII	C	0.03%	0.08%	0.03%
OMCL	A	0.08%	0.07%	0.07%
OMI	C	0.08%	0.17%	0.08%
ONB	C	0.14%	0.16%	0.14%
OXM	F	0.02%	0.07%	0.02%
OZK	D	0.17%	0.18%	0.17%
PARR	F	0.1%	0.04%	0.04%
PATK	B	0.08%	0.18%	0.08%
PB	B	0.1%	0.22%	0.1%
PBH	A	0.05%	0.11%	0.05%
PCH	C	0.05%	0.17%	0.05%
PCRX	F	0.05%	0.0%	0.0%
PDCO	F	0.09%	0.17%	0.09%
PEBO	C	0.1%	0.01%	0.01%
PFBC	C	0.1%	0.01%	0.01%
PFS	B	0.03%	0.1%	0.03%
PGRE	C	0.03%	0.1%	0.03%
PHIN	B	0.15%	0.16%	0.15%
PLUS	B	0.06%	0.13%	0.06%
PLXS	B	0.03%	0.21%	0.03%
PNFP	B	0.15%	0.2%	0.15%
PNM	A	0.08%	0.18%	0.08%
PPBI	C	0.03%	0.1%	0.03%
PRDO	D	0.1%	0.08%	0.08%
PRG	B	0.17%	0.27%	0.17%
PRIM	C	0.05%	0.04%	0.04%
PSMT	B	0.05%	0.18%	0.05%
PTEN	F	0.17%	0.16%	0.16%
PTVE	D	0.05%	0.07%	0.05%
RC	F	0.12%	0.03%	0.03%
RDN	B	0.25%	0.28%	0.25%
REVG	C	0.11%	0.1%	0.1%
REYN	A	0.1%	0.07%	0.07%
RIG	F	0.07%	0.11%	0.07%
RLJ	F	0.12%	0.12%	0.12%
RNR	A	0.25%	0.2%	0.2%
RNST	C	0.08%	0.02%	0.02%
ROG	F	0.02%	0.07%	0.02%
ROIC	B	0.06%	0.07%	0.06%
RRC	F	0.11%	0.11%	0.11%
RYI	F	0.12%	0.07%	0.07%
RYN	B	0.09%	0.14%	0.09%
SAFT	B	0.06%	0.08%	0.06%
SAH	C	0.11%	0.15%	0.11%
SASR	B	0.09%	0.09%	0.09%
SBCF	B	0.06%	0.02%	0.02%
SBH	B	0.11%	0.19%	0.11%
SCHL	D	0.11%	0.07%	0.07%
SCL	D	0.02%	0.12%	0.02%
SEB	C	0.21%	0.04%	0.04%
SEM	D	0.04%	0.23%	0.04%
SFNC	B	0.09%	0.15%	0.09%
SHEN	F	0.05%	0.04%	0.04%
SHOO	C	0.02%	0.19%	0.02%
SIG	F	0.19%	0.19%	0.19%
SIGI	D	0.04%	0.14%	0.04%
SJW	A	0.08%	0.05%	0.05%
SKY	B	0.06%	0.15%	0.06%
SLGN	B	0.1%	0.1%	0.1%
SLVM	B	0.08%	0.28%	0.08%
SNDR	B	0.11%	0.13%	0.11%
SNEX	C	0.05%	0.01%	0.01%
SPB	B	0.13%	0.25%	0.13%
SR	B	0.13%	0.2%	0.13%
SRCE	C	0.05%	0.03%	0.03%
SSB	B	0.11%	0.05%	0.05%
SSTK	F	0.09%	0.03%	0.03%
STBA	B	0.12%	0.07%	0.07%
STC	B	0.03%	0.21%	0.03%
STRA	D	0.04%	0.09%	0.04%
SUM	D	0.04%	0.15%	0.04%
SWX	D	0.09%	0.26%	0.09%
TALO	F	0.09%	0.08%	0.08%
TCBI	A	0.05%	0.12%	0.05%
TCBK	C	0.05%	0.03%	0.03%
TEX	D	0.2%	0.19%	0.19%
THRM	D	0.02%	0.08%	0.02%
THS	A	0.03%	0.17%	0.03%
TOWN	B	0.09%	0.09%	0.09%
TRMK	B	0.05%	0.11%	0.05%
TRS	D	0.05%	0.06%	0.05%
UAA	B	0.15%	0.21%	0.15%
UAL	C	0.39%	0.21%	0.21%
UBSI	B	0.1%	0.19%	0.1%
UCBI	B	0.06%	0.1%	0.06%
UMBF	B	0.1%	0.16%	0.1%
UNF	C	0.08%	0.17%	0.08%
URBN	D	0.15%	0.18%	0.15%
USM	B	0.1%	0.02%	0.02%
UTHR	B	0.14%	0.33%	0.14%
UVV	B	0.13%	0.16%	0.13%
VAL	F	0.13%	0.03%	0.03%
VBTX	B	0.08%	0.06%	0.06%
VCTR	B	0.05%	0.02%	0.02%
VLY	C	0.2%	0.17%	0.17%
VRTS	D	0.06%	0.02%	0.02%
VSAT	D	0.03%	0.1%	0.03%
VSCO	A	0.09%	0.19%	0.09%
VSH	F	0.1%	0.06%	0.06%
WAFD	B	0.06%	0.17%	0.06%
WAL	B	0.16%	0.27%	0.16%
WBS	D	0.18%	0.2%	0.18%
WD	B	0.03%	0.16%	0.03%
WGO	D	0.11%	0.15%	0.11%
WMK	B	0.13%	0.17%	0.13%
WOR	F	0.02%	0.09%	0.02%
WSBC	B	0.08%	0.1%	0.08%
WSFS	C	0.08%	0.09%	0.08%
WTFC	B	0.14%	0.2%	0.14%
WTM	B	0.21%	0.18%	0.18%
WTRG	D	0.09%	0.07%	0.07%
XHR	D	0.05%	0.11%	0.05%
ZD	F	0.06%	0.12%	0.06%
ZM	B	0.29%	0.18%	0.18%

FAB Overweight 340 Positions Relative to FNDA

Symbol	Grade	Weight
DHI	B	0.56%
LEN	B	0.51%
FOXA	B	0.51%
CINF	B	0.5%
BRK.A	B	0.5%
GPN	C	0.49%
ETR	A	0.49%
ACGL	B	0.48%
EXC	A	0.48%
T	A	0.46%
CF	B	0.46%
SYF	C	0.45%
GM	B	0.45%
ADM	D	0.44%
EG	B	0.44%
MKL	C	0.43%
CVS	F	0.43%
EOG	D	0.42%
APTV	D	0.42%
CMCSA	C	0.42%
MPC	D	0.42%
XEL	A	0.41%
COP	D	0.41%
HIG	B	0.4%
CFG	B	0.4%
AEP	A	0.4%
ED	A	0.4%
PCG	A	0.4%
PSX	D	0.4%
BG	D	0.4%
AEE	A	0.4%
UHAL	B	0.39%
ATO	A	0.39%
CVX	F	0.39%
CTSH	B	0.39%
CAG	A	0.39%
CB	A	0.39%
FANG	D	0.39%
CE	F	0.39%
L	B	0.38%
EBAY	A	0.38%
CTRA	F	0.38%
EQT	D	0.38%
CNC	D	0.38%
SJM	A	0.38%
VTRS	C	0.38%
HPE	D	0.38%
VLO	D	0.38%
DVN	F	0.38%
MTB	B	0.38%
HBAN	B	0.38%
KHC	A	0.38%
NUE	F	0.38%
SNA	D	0.37%
KMI	B	0.37%
IPG	B	0.37%
OXY	F	0.37%
F	D	0.37%
STLD	D	0.37%
LNG	B	0.36%
COF	C	0.36%
AIG	D	0.35%
WFC	D	0.34%
WBD	D	0.34%
XOM	C	0.34%
LYB	D	0.34%
LKQ	D	0.34%
VZ	B	0.34%
RS	D	0.33%
OC	D	0.32%
EIX	A	0.31%
AFL	B	0.31%
TROW	D	0.31%
BBY	A	0.3%
HAL	F	0.3%
WEC	A	0.3%
BEN	F	0.3%
RF	B	0.29%
FITB	B	0.29%
USB	B	0.29%
STT	B	0.29%
CMS	A	0.29%
GIS	A	0.29%
FE	A	0.29%
DUK	A	0.29%
D	A	0.29%
WPC	A	0.28%
TDY	B	0.28%
CHTR	C	0.28%
DGX	B	0.28%
DTE	B	0.28%
KR	C	0.27%
JBHT	C	0.27%
EQR	B	0.27%
SRE	B	0.27%
TXT	D	0.26%
LUV	A	0.26%
GPI	B	0.26%
DE	B	0.26%
ZBH	D	0.26%
TEL	C	0.25%
TMHC	B	0.25%
MTH	B	0.25%
FYBR	A	0.25%
MTG	B	0.25%
RUSHA	C	0.25%
BAC	D	0.25%
HOG	B	0.24%
JBL	F	0.24%
LAD	C	0.24%
JXN	C	0.24%
C	D	0.24%
SWKS	D	0.24%
KBH	B	0.24%
BKR	D	0.24%
FDX	D	0.24%
CRBG	C	0.24%
DAR	D	0.23%
AMG	C	0.23%
FMC	C	0.23%
TAP	C	0.23%
UHS	B	0.22%
CNP	D	0.22%
FNF	B	0.21%
KIM	A	0.21%
THC	B	0.21%
HCA	B	0.21%
BTU	D	0.21%
LMT	A	0.21%
ASO	C	0.21%
PYPL	B	0.21%
TRV	A	0.2%
AL	D	0.2%
CPB	A	0.2%
PNW	A	0.2%
JNJ	B	0.2%
NEE	A	0.2%
WRB	B	0.2%
MDT	A	0.2%
KEY	B	0.2%
MOS	F	0.2%
PNC	B	0.2%
SSNC	B	0.2%
SM	D	0.2%
G	B	0.2%
HSY	A	0.19%
GS	C	0.19%
NFG	B	0.19%
NOV	F	0.19%
DINO	F	0.19%
PEG	B	0.19%
OMC	B	0.19%
R	C	0.19%
LOW	B	0.19%
MOH	C	0.19%
KDP	A	0.19%
POR	B	0.19%
OKE	A	0.19%
PKG	B	0.19%
EVRG	A	0.19%
PVH	F	0.19%
AGCO	F	0.19%
TPH	B	0.19%
GPC	D	0.18%
TGT	B	0.18%
MS	C	0.18%
ALLY	C	0.18%
BCC	C	0.18%
AN	C	0.18%
CSCO	B	0.18%
ARW	B	0.18%
CHK	F	0.18%
MUR	F	0.18%
OGN	C	0.18%
WY	C	0.18%
APD	B	0.18%
UNM	B	0.18%
EPAM	C	0.18%
OVV	F	0.18%
DXC	A	0.18%
DOW	D	0.17%
DOV	C	0.17%
LEA	F	0.17%
MDU	D	0.17%
LNC	C	0.17%
AVT	C	0.17%
ARE	D	0.17%
PPG	D	0.17%
HPQ	D	0.17%
ABG	D	0.17%
BWA	D	0.17%
HRL	A	0.17%
CMC	D	0.16%
INTC	F	0.16%
OSK	D	0.16%
UPS	F	0.16%
GL	B	0.16%
CLF	F	0.16%
NI	A	0.15%
BERY	B	0.15%
APA	F	0.15%
MLI	B	0.15%
PBF	F	0.15%
SON	A	0.14%
BC	D	0.14%
PAG	C	0.14%
HII	B	0.14%
EWBC	C	0.14%
OGE	B	0.14%
THO	C	0.14%
TKR	D	0.13%
OMF	D	0.13%
WU	C	0.13%
NXST	D	0.13%
SANM	D	0.13%
FHN	C	0.13%
EMN	C	0.13%
NRG	C	0.13%
UFPI	D	0.13%
KNX	D	0.13%
PII	D	0.13%
K	A	0.12%
CZR	D	0.12%
GAP	F	0.12%
CNO	B	0.12%
WCC	D	0.12%
TGNA	D	0.12%
CRI	C	0.11%
OLPX	B	0.11%
NAVI	C	0.11%
CBRE	B	0.11%
ABM	C	0.11%
KSS	F	0.11%
ADNT	F	0.11%
OLN	F	0.11%
WMT	A	0.1%
MAA	B	0.1%
TRGP	A	0.1%
BBWI	F	0.1%
MDLZ	A	0.1%
TSN	A	0.1%
MKC	A	0.1%
LPX	B	0.1%
LNT	A	0.1%
ORI	B	0.1%
AIZ	B	0.1%
HTZ	F	0.1%
M	F	0.1%
WERN	D	0.1%
VTR	A	0.1%
FAF	A	0.1%
ARCH	F	0.1%
KVUE	A	0.1%
HUBG	B	0.1%
PRU	C	0.09%
DAN	F	0.09%
CTOS	F	0.09%
ADV	B	0.09%
CTVA	B	0.09%
PFG	D	0.09%
SLM	D	0.09%
AYI	C	0.09%
DKS	C	0.09%
SEIC	D	0.09%
J	C	0.09%
LHX	C	0.09%
JCI	C	0.09%
ASGN	D	0.09%
KMB	A	0.09%
NKE	C	0.09%
CMI	B	0.09%
CMA	B	0.09%
MSGE	B	0.09%
GT	F	0.09%
ABT	A	0.09%
SYY	A	0.09%
ZION	C	0.09%
CI	B	0.09%
UGI	C	0.09%
SAIC	B	0.09%
AWK	A	0.09%
REGN	B	0.09%
POOL	C	0.09%
PRGO	C	0.09%
BLK	B	0.09%
REZI	D	0.09%
MIDD	D	0.09%
CENX	F	0.08%
BECN	D	0.08%
WLK	D	0.08%
MCRI	A	0.08%
OI	C	0.08%
RJF	D	0.08%
WHR	D	0.08%
SKX	B	0.08%
HUM	D	0.08%
EXPD	D	0.08%
TSCO	B	0.08%
ELV	B	0.08%
GD	B	0.08%
SNX	D	0.08%
DD	C	0.08%
QCOM	F	0.07%
ODP	F	0.07%
BIIB	D	0.07%
EQC	A	0.07%
VAC	F	0.06%
GOGO	D	0.06%
CAR	F	0.06%
RGA	B	0.05%
HSIC	C	0.05%
AFG	A	0.05%
EHC	B	0.05%
IVZ	C	0.05%
SNV	C	0.05%
IP	B	0.05%
USFD	B	0.05%
CACI	B	0.05%
BPOP	B	0.05%
JEF	B	0.05%
TFX	A	0.05%
DG	F	0.05%
CCK	A	0.05%
JLL	B	0.05%
VNO	B	0.05%
BJ	D	0.04%
GXO	D	0.04%
RHI	D	0.04%
SEE	D	0.04%
LSTR	D	0.04%
VOYA	B	0.04%
PARA	F	0.04%
BHF	D	0.04%
GNW	B	0.03%
AAP	F	0.03%
LTH	B	0.03%
AR	F	0.03%
DK	F	0.02%
XRX	D	0.02%
ATUS	C	0.02%

FAB Underweight 678 Positions Relative to FNDA

Symbol	Grade	Weight
ANF	D	-0.46%
SATS	A	-0.44%
RCL	C	-0.4%
FICO	A	-0.31%
COIN	F	-0.3%
KMPR	C	-0.29%
GME	C	-0.29%
OHI	A	-0.28%
DY	D	-0.27%
TPC	C	-0.27%
VLTO	B	-0.27%
CLH	C	-0.27%
FLS	C	-0.26%
XPO	D	-0.26%
TXRH	D	-0.26%
HCC	F	-0.26%
MAC	B	-0.25%
SF	C	-0.25%
TTEK	B	-0.25%
FRT	A	-0.25%
RXO	D	-0.25%
SPR	D	-0.24%
SPOT	C	-0.24%
HEI	B	-0.24%
CRS	B	-0.24%
WWD	D	-0.24%
ELAN	B	-0.23%
FCN	C	-0.23%
BHE	C	-0.22%
LOPE	D	-0.22%
MOG.A	C	-0.22%
AIT	C	-0.22%
VMI	C	-0.22%
VIRT	A	-0.22%
ELS	A	-0.22%
GVA	B	-0.22%
GATX	C	-0.22%
LNW	B	-0.22%
CBT	B	-0.22%
BWXT	C	-0.22%
DHC	C	-0.22%
CWK	B	-0.21%
SCCO	D	-0.21%
AWI	C	-0.21%
ESI	D	-0.21%
SMG	C	-0.21%
COLD	B	-0.21%
SRCL	A	-0.2%
SMCI	F	-0.2%
ACHC	B	-0.2%
AMH	A	-0.2%
SN	A	-0.2%
RPRX	B	-0.2%
EBS	D	-0.2%
CR	C	-0.2%
FIX	C	-0.2%
CUBE	A	-0.2%
CBSH	B	-0.2%
MC	B	-0.19%
PFSI	A	-0.19%
Z	B	-0.19%
WH	A	-0.19%
NNN	A	-0.19%
TTMI	D	-0.19%
ACIW	B	-0.19%
SBRA	A	-0.19%
ATGE	C	-0.19%
CFR	C	-0.19%
DBRG	F	-0.19%
NYT	C	-0.19%
TRN	C	-0.19%
HRI	D	-0.18%
ALE	A	-0.18%
MTCH	B	-0.18%
BCO	B	-0.18%
NOMD	A	-0.18%
ENTG	D	-0.18%
SCS	C	-0.18%
BIO	A	-0.18%
FDS	C	-0.18%
EEFT	D	-0.18%
PINC	A	-0.18%
SAIA	D	-0.17%
ACA	D	-0.17%
BFAM	B	-0.17%
VRT	F	-0.17%
OLLI	D	-0.17%
SSD	D	-0.17%
UNIT	A	-0.17%
KNF	C	-0.17%
CSGP	C	-0.17%
VVV	D	-0.17%
MOD	C	-0.17%
MPWR	C	-0.17%
HXL	F	-0.17%
GBCI	B	-0.16%
PIPR	B	-0.16%
APLE	F	-0.16%
EXEL	B	-0.16%
OUT	B	-0.16%
COKE	B	-0.16%
GBX	D	-0.16%
GIII	A	-0.16%
GMED	C	-0.16%
B	D	-0.15%
TYL	A	-0.15%
SCSC	C	-0.15%
H	C	-0.15%
NEU	D	-0.15%
ENSG	B	-0.15%
EPR	B	-0.15%
VNT	F	-0.15%
CNK	A	-0.15%
WYNN	D	-0.15%
VEEV	A	-0.15%
SVC	D	-0.15%
ROL	B	-0.15%
SXT	C	-0.15%
CVLT	B	-0.15%
FN	C	-0.15%
LITE	C	-0.15%
CHDN	D	-0.15%
PPC	B	-0.15%
AGR	B	-0.15%
KAR	D	-0.14%
AMED	B	-0.14%
APG	D	-0.14%
KTB	B	-0.14%
VSTO	C	-0.14%
CGNX	D	-0.14%
PBI	C	-0.14%
SLAB	D	-0.14%
KELYA	D	-0.14%
SKYW	D	-0.14%
PDM	B	-0.14%
SITE	C	-0.14%
VSTS	C	-0.14%
DASH	B	-0.14%
LAUR	C	-0.14%
ESAB	D	-0.14%
COMM	B	-0.14%
TROX	F	-0.14%
WWW	A	-0.13%
STAG	B	-0.13%
WTS	D	-0.13%
AROC	D	-0.13%
ITGR	A	-0.13%
MKTX	A	-0.13%
CEIX	D	-0.13%
WEX	C	-0.13%
TPG	B	-0.13%
BOH	B	-0.13%
YELP	F	-0.13%
BGC	B	-0.13%
IGT	C	-0.13%
WMS	D	-0.13%
GTES	C	-0.13%
RGLD	C	-0.13%
DOLE	B	-0.13%
FND	C	-0.13%
ARES	C	-0.13%
SMTC	B	-0.13%
LRN	B	-0.12%
IDCC	B	-0.12%
ETSY	F	-0.12%
BRKR	C	-0.12%
MASI	D	-0.12%
FWRD	D	-0.12%
PLNT	A	-0.12%
TPL	C	-0.12%
IOSP	D	-0.12%
TDC	F	-0.12%
WEN	C	-0.12%
RH	F	-0.12%
DRH	D	-0.12%
FR	B	-0.12%
DLB	F	-0.12%
ECPG	C	-0.12%
AIR	D	-0.12%
FELE	D	-0.12%
FSS	D	-0.12%
AMWD	D	-0.12%
ITRI	D	-0.12%
KRG	B	-0.11%
TECH	D	-0.11%
SIRI	F	-0.11%
MORN	C	-0.11%
CHX	D	-0.11%
PSN	B	-0.11%
SHO	D	-0.11%
CNM	F	-0.11%
PTC	D	-0.11%
RLI	B	-0.11%
PECO	A	-0.11%
AMRK	A	-0.11%
APP	B	-0.11%
TWLO	D	-0.11%
BDN	B	-0.11%
MANH	B	-0.11%
OPCH	A	-0.11%
VGR	B	-0.11%
AZZ	C	-0.11%
AMR	F	-0.11%
WDAY	C	-0.11%
TNET	F	-0.11%
EXLS	B	-0.11%
BMRN	D	-0.11%
AM	C	-0.1%
WSC	D	-0.1%
AEIS	D	-0.1%
ENR	B	-0.1%
BKD	D	-0.1%
VC	F	-0.1%
OTTR	D	-0.1%
HTLF	B	-0.1%
BCPC	C	-0.1%
IBP	D	-0.1%
MSA	D	-0.1%
TREX	F	-0.1%
UE	B	-0.1%
ESRT	B	-0.1%
JBLU	D	-0.1%
ICFI	B	-0.1%
SKT	A	-0.1%
EMBC	B	-0.1%
DLX	D	-0.1%
NHI	A	-0.1%
RNG	D	-0.09%
BV	B	-0.09%
KW	B	-0.09%
BSIG	C	-0.09%
NSP	F	-0.09%
RBC	C	-0.09%
CSTM	D	-0.09%
SAM	D	-0.09%
AKR	B	-0.09%
NVRI	C	-0.09%
MGEE	B	-0.09%
IBKR	B	-0.09%
IBTX	B	-0.09%
ATI	C	-0.09%
AXL	F	-0.09%
ABNB	F	-0.09%
RHP	D	-0.09%
MD	B	-0.09%
PINS	F	-0.09%
MMSI	A	-0.09%
ORA	C	-0.09%
PLTR	B	-0.09%
EGP	B	-0.09%
HEES	F	-0.09%
GFF	D	-0.09%
AMCX	F	-0.09%
OSIS	C	-0.09%
NPO	D	-0.09%
NGVT	F	-0.09%
MELI	B	-0.09%
TW	B	-0.09%
PMT	C	-0.09%
RRR	C	-0.09%
GNL	A	-0.09%
ARI	C	-0.09%
NTCT	C	-0.09%
JACK	F	-0.09%
GCI	C	-0.09%
CIVI	F	-0.09%
CMPR	B	-0.08%
POWI	F	-0.08%
ESE	C	-0.08%
YETI	D	-0.08%
ROKU	C	-0.08%
NSA	A	-0.08%
HRB	B	-0.08%
HALO	B	-0.08%
NTB	B	-0.08%
WNC	F	-0.08%
OLED	D	-0.08%
SLG	B	-0.08%
NOW	B	-0.08%
EXPO	B	-0.08%
SYNA	F	-0.08%
UCTT	F	-0.08%
MATV	B	-0.08%
PEB	D	-0.08%
CDE	D	-0.08%
CAL	B	-0.08%
GOLF	C	-0.08%
MGRC	D	-0.08%
JJSF	C	-0.08%
VIAV	C	-0.08%
ONTO	D	-0.08%
HL	C	-0.08%
PRK	B	-0.08%
ROCK	D	-0.08%
CBZ	D	-0.08%
HAIN	B	-0.08%
HCSG	D	-0.08%
CNA	B	-0.08%
HAE	F	-0.08%
FTDR	B	-0.08%
REXR	B	-0.08%
LADR	B	-0.08%
FFIN	B	-0.08%
HWKN	B	-0.08%
SNBR	C	-0.08%
TILE	B	-0.08%
VRSN	C	-0.07%
BMI	C	-0.07%
MYRG	F	-0.07%
IRDM	D	-0.07%
SFL	D	-0.07%
SWBI	D	-0.07%
NBR	F	-0.07%
TTD	B	-0.07%
ALG	D	-0.07%
NBIX	D	-0.07%
ACCO	C	-0.07%
MRCY	B	-0.07%
PAYC	D	-0.07%
CORT	B	-0.07%
TNC	D	-0.07%
JWN	A	-0.07%
CSWI	C	-0.07%
KLIC	F	-0.07%
PLAB	F	-0.07%
KAI	D	-0.07%
CNDT	B	-0.07%
MTRN	D	-0.07%
DXCM	F	-0.07%
STRL	C	-0.07%
MEDP	D	-0.07%
COTY	F	-0.07%
ADC	A	-0.07%
FSLR	C	-0.07%
CODI	D	-0.07%
HZO	D	-0.07%
RAMP	F	-0.07%
IRT	B	-0.07%
BGS	C	-0.07%
CHH	C	-0.07%
CNS	B	-0.07%
MRC	D	-0.07%
FORM	F	-0.07%
AZEK	D	-0.07%
CCOI	A	-0.07%
HLX	D	-0.07%
CCO	D	-0.07%
LGF.A	F	-0.07%
CPNG	B	-0.07%
ZUMZ	B	-0.07%
AY	A	-0.07%
HURN	C	-0.06%
ZWS	D	-0.06%
HQY	D	-0.06%
CPS	D	-0.06%
GLNG	D	-0.06%
THRY	D	-0.06%
AAL	C	-0.06%
CHEF	B	-0.06%
TRNO	B	-0.06%
APO	D	-0.06%
PR	D	-0.06%
MSM	D	-0.06%
CWST	C	-0.06%
MMI	B	-0.06%
ROAD	C	-0.06%
PUMP	F	-0.06%
TRIP	F	-0.06%
VRRM	D	-0.06%
FIVE	F	-0.06%
CNSL	A	-0.06%
BLKB	B	-0.06%
SABR	F	-0.06%
GWRE	A	-0.06%
HMST	B	-0.06%
BLD	D	-0.06%
WDFC	A	-0.06%
DHT	D	-0.06%
ENPH	D	-0.06%
BSY	D	-0.06%
AAN	B	-0.06%
PAGS	F	-0.06%
STNG	D	-0.06%
TSE	D	-0.06%
DBX	D	-0.06%
ILPT	B	-0.06%
OPEN	D	-0.06%
AWR	B	-0.06%
CARG	B	-0.06%
COMP	B	-0.06%
GCO	D	-0.06%
SXI	C	-0.06%
PRAA	D	-0.06%
ENV	B	-0.06%
TNL	D	-0.06%
FTI	D	-0.06%
NTGR	B	-0.06%
NUS	F	-0.06%
HHH	B	-0.06%
CHE	C	-0.06%
AAON	C	-0.06%
AGRO	A	-0.06%
GTN	F	-0.06%
RWT	B	-0.05%
RDNT	B	-0.05%
SGH	F	-0.05%
XP	C	-0.05%
CHCO	B	-0.05%
ASTE	D	-0.05%
SBLK	D	-0.05%
PLAY	F	-0.05%
PRA	C	-0.05%
MNRO	D	-0.05%
SONO	F	-0.05%
EXPI	F	-0.05%
CBL	B	-0.05%
LPG	F	-0.05%
STNE	F	-0.05%
FCPT	A	-0.05%
SMP	C	-0.05%
RGR	F	-0.05%
LYFT	F	-0.05%
CLW	F	-0.05%
DXPE	B	-0.05%
RDUS	F	-0.05%
PRFT	A	-0.05%
CNMD	C	-0.05%
PRGS	B	-0.05%
EPRT	A	-0.05%
SENEA	C	-0.05%
QLYS	F	-0.05%
GLOB	C	-0.05%
AZTA	F	-0.05%
WFRD	F	-0.05%
NOVT	C	-0.05%
EYE	F	-0.05%
UIS	C	-0.05%
PSTG	F	-0.05%
MYGN	B	-0.05%
EPAC	C	-0.05%
CWH	C	-0.05%
SUPN	B	-0.05%
ALIT	D	-0.05%
GFS	F	-0.05%
JBSS	D	-0.05%
GPRE	F	-0.05%
ASIX	B	-0.05%
ZIMV	D	-0.05%
WING	C	-0.05%
WHD	C	-0.05%
TRTX	C	-0.05%
SCVL	B	-0.05%
KTOS	C	-0.05%
PJT	C	-0.05%
CRL	F	-0.05%
SXC	F	-0.05%
IPAR	D	-0.04%
HSII	B	-0.04%
PRLB	F	-0.04%
PEGA	B	-0.04%
ALRM	F	-0.04%
BBSI	C	-0.04%
RKT	B	-0.04%
EVRI	A	-0.04%
TNK	D	-0.04%
CRAI	D	-0.04%
CVGW	C	-0.04%
SPSC	D	-0.04%
UTL	B	-0.04%
SFIX	D	-0.04%
GRBK	B	-0.04%
SBSI	B	-0.04%
CMRE	D	-0.04%
PTON	B	-0.04%
GLDD	C	-0.04%
RGEN	C	-0.04%
EBF	B	-0.04%
DAC	D	-0.04%
RES	F	-0.04%
BRC	B	-0.04%
AVNS	B	-0.04%
IHRT	D	-0.04%
PODD	A	-0.04%
GDOT	B	-0.04%
COHU	F	-0.04%
INSW	D	-0.04%
CLVT	C	-0.04%
ACLS	F	-0.04%
HVT	D	-0.04%
VRNT	F	-0.04%
MTUS	F	-0.04%
WRLD	D	-0.04%
AHCO	A	-0.04%
CNNE	D	-0.04%
EGBN	C	-0.04%
BRBR	A	-0.04%
USNA	F	-0.04%
EXAS	B	-0.04%
TBI	F	-0.04%
WTTR	C	-0.04%
ETH	F	-0.04%
TUP	F	-0.04%
EVTC	D	-0.04%
CPF	B	-0.04%
LKFN	B	-0.04%
ICHR	F	-0.04%
LIVN	D	-0.04%
W	F	-0.04%
CFFN	C	-0.04%
UVE	B	-0.04%
ERIE	A	-0.04%
AGX	A	-0.04%
STEP	B	-0.04%
LTC	A	-0.04%
SMPL	D	-0.04%
AMBC	F	-0.03%
PLOW	B	-0.03%
RGP	F	-0.03%
BRSP	D	-0.03%
SNOW	F	-0.03%
CCSI	B	-0.03%
DHIL	B	-0.03%
DO	D	-0.03%
ALTO	F	-0.03%
AVO	A	-0.03%
HAFC	B	-0.03%
AMC	D	-0.03%
ARCO	F	-0.03%
TMP	B	-0.03%
TPIC	D	-0.03%
CRGY	D	-0.03%
WOOF	D	-0.03%
CSV	B	-0.03%
WASH	B	-0.03%
IVT	B	-0.03%
UFCS	D	-0.03%
HFWA	B	-0.03%
ZI	F	-0.03%
LSCC	F	-0.03%
BJRI	D	-0.03%
SGRY	B	-0.03%
BRKL	B	-0.03%
BANF	B	-0.03%
PEN	C	-0.03%
OPI	F	-0.03%
WABC	C	-0.03%
HAYW	B	-0.03%
GNK	D	-0.03%
HASI	B	-0.03%
CNOB	B	-0.03%
PZZA	C	-0.03%
EAF	F	-0.03%
OPK	B	-0.03%
MTW	F	-0.03%
CLB	F	-0.03%
MERC	F	-0.03%
TDOC	F	-0.03%
PFC	B	-0.03%
ALKS	B	-0.03%
CARS	D	-0.03%
CSR	B	-0.03%
ZEUS	F	-0.03%
WOW	B	-0.03%
KREF	A	-0.03%
SHYF	C	-0.03%
DCO	C	-0.03%
TEN	D	-0.03%
DBI	F	-0.03%
BRY	F	-0.03%
MED	F	-0.02%
MXL	F	-0.02%
VIR	F	-0.02%
JRVR	F	-0.02%
OKTA	F	-0.02%
LEVI	C	-0.02%
DIN	F	-0.02%
LYV	D	-0.02%
GTLS	F	-0.02%
VREX	F	-0.02%
ATNI	C	-0.02%
DENN	F	-0.02%
AGM	D	-0.02%
SFBS	B	-0.02%
CRMT	F	-0.02%
IRBT	F	-0.02%
CMP	F	-0.02%
KNSL	B	-0.02%
PRVA	D	-0.02%
DT	A	-0.02%
VSEC	C	-0.02%
AGL	F	-0.02%
CTRN	F	-0.02%
DAY	C	-0.02%
MOV	F	-0.02%
OIS	D	-0.02%
CALX	D	-0.02%
TITN	F	-0.02%
FLGT	D	-0.02%
USPH	D	-0.02%
CLOV	B	-0.02%
XPRO	F	-0.02%
FLWS	F	-0.02%
CTRE	A	-0.02%
KRNY	D	-0.02%
ASTH	B	-0.02%
DRQ	F	-0.02%
TKO	B	-0.02%
RYAM	B	-0.02%
CCRN	F	-0.02%
MODV	B	-0.02%
MYE	D	-0.02%
CLDT	D	-0.02%
ARKO	D	-0.02%
TOST	D	-0.02%
HLIO	F	-0.02%
MEI	F	-0.02%
RUN	B	-0.02%
SRI	F	-0.02%
FIZZ	D	-0.02%
NPK	D	-0.02%
MSBI	D	-0.01%
DNUT	C	-0.01%
HAYN	A	-0.01%
THR	D	-0.01%
MGPI	B	-0.01%
ONEW	F	-0.01%
EVH	B	-0.01%
TTEC	F	-0.01%
LXU	F	-0.01%
REX	F	-0.01%
CRVL	B	-0.01%
TBBK	B	-0.01%
AMRC	B	-0.01%
CMTL	F	-0.01%
HLNE	B	-0.01%
IIPR	B	-0.01%
MBUU	C	-0.01%
TK	D	-0.01%
HOV	B	-0.01%
NR	D	-0.01%
IIIN	D	-0.01%
VTOL	C	-0.01%
PETS	F	-0.01%
KE	F	-0.01%
AOSL	D	-0.01%
MP	C	-0.01%
GPRO	F	-0.01%
PLCE	F	-0.01%
PKST	C	-0.01%
LESL	F	-0.01%
WMG	F	-0.01%
AMSF	B	-0.01%
IRWD	F	-0.01%
RILY	F	-0.01%
AVD	D	-0.01%
PRM	B	-0.01%
EDR	A	-0.01%
GSL	D	-0.01%
WOLF	F	-0.01%
SEDG	F	-0.01%
SSP	F	-0.01%
NU	B	-0.01%
SNAP	F	-0.01%
GPMT	D	-0.01%
SSYS	F	-0.01%
RMBS	F	-0.01%
SEG	D	-0.0%
ALGM	F	-0.0%
GIC	F	-0.0%
WTI	F	-0.0%
TWI	D	-0.0%
GSM	F	-0.0%
HY	F	-0.0%
INMD	F	-0.0%
CRNC	D	-0.0%
SPWH	D	-0.0%
AMPH	C	-0.0%
CENT	D	-0.0%