FAB vs. HKND ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Humankind US Stock ETF (HKND)

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

HKND

Humankind US Stock ETF

HKND Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Humankind US Equity Index (the ?Index?). The index is primarily comprised of domestic (U.S.) equity securities and may not be comprised of greater than 5% of foreign securities (including ADRs). The fund invests in the common stock of each company in the index in approximately the same proportion as represented in the index itself. Under normal conditions, it will invest at least 90% of its net assets, including borrowings for investment purposes, in securities contained in the index.

Grade (RS Rating)

Last Trade

$33.30

Average Daily Volume

1,926

Number of Holdings ^*

958

* may have additional holdings in another (foreign) market

Performance

Period	FAB	HKND
30 Days	6.40%	1.63%
60 Days	5.80%	0.72%
90 Days	6.32%	1.42%
12 Months	27.56%	19.65%

313 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in HKND	Overlap
AAP	C	0.18%	0.03%	0.03%
ABCB	B	0.1%	0.0%	0.0%
ABM	B	0.05%	0.03%	0.03%
ADM	D	0.38%	1.56%	0.38%
ADTN	A	0.18%	0.02%	0.02%
AEO	F	0.11%	0.01%	0.01%
AFG	A	0.05%	0.04%	0.04%
AFL	B	0.25%	0.08%	0.08%
AGCO	D	0.08%	0.68%	0.08%
AIG	B	0.45%	0.23%	0.23%
AIZ	A	0.09%	0.12%	0.09%
AKAM	D	0.22%	0.01%	0.01%
ALG	B	0.08%	0.08%	0.08%
ALIT	C	0.05%	0.02%	0.02%
ALLY	C	0.36%	0.05%	0.05%
AMG	B	0.23%	0.01%	0.01%
AMKR	D	0.15%	0.03%	0.03%
AMN	F	0.06%	0.02%	0.02%
APD	A	0.09%	0.02%	0.02%
ARE	D	0.16%	0.01%	0.01%
ARW	D	0.15%	0.03%	0.03%
ASB	B	0.06%	0.01%	0.01%
ASGN	F	0.08%	0.01%	0.01%
ASH	D	0.12%	0.01%	0.01%
AVNS	F	0.04%	0.05%	0.04%
AVT	C	0.17%	0.02%	0.02%
AWK	D	0.08%	0.39%	0.08%
BAC	A	0.3%	0.51%	0.3%
BBWI	D	0.17%	0.02%	0.02%
BBY	D	0.23%	0.22%	0.22%
BC	C	0.12%	0.01%	0.01%
BCC	B	0.17%	0.01%	0.01%
BECN	B	0.1%	0.01%	0.01%
BEN	C	0.18%	0.04%	0.04%
BERY	B	0.14%	0.05%	0.05%
BG	F	0.4%	0.89%	0.4%
BHE	B	0.05%	0.01%	0.01%
BHF	B	0.03%	0.02%	0.02%
BIIB	F	0.22%	0.3%	0.22%
BKU	A	0.08%	0.01%	0.01%
BLDR	D	0.24%	0.02%	0.02%
BOKF	B	0.09%	0.01%	0.01%
C	A	0.38%	0.41%	0.38%
CABO	C	0.14%	0.01%	0.01%
CADE	B	0.21%	0.01%	0.01%
CAG	D	0.07%	0.36%	0.07%
CARR	D	0.16%	0.0%	0.0%
CATY	B	0.09%	0.0%	0.0%
CC	C	0.02%	0.01%	0.01%
CCS	D	0.11%	0.02%	0.02%
CE	F	0.24%	0.01%	0.01%
CENTA	C	0.1%	0.02%	0.02%
CF	B	0.35%	0.98%	0.35%
CFG	B	0.4%	0.04%	0.04%
CHTR	C	0.31%	0.18%	0.18%
CI	F	0.08%	1.11%	0.08%
CINF	A	0.48%	0.04%	0.04%
CLX	B	0.09%	0.22%	0.09%
CMA	A	0.1%	0.02%	0.02%
CMC	B	0.23%	0.01%	0.01%
CMCSA	B	0.45%	0.68%	0.45%
CMI	A	0.1%	0.05%	0.05%
CNC	D	0.27%	0.37%	0.27%
CNMD	C	0.02%	0.06%	0.02%
CNO	A	0.19%	0.01%	0.01%
CNXC	F	0.17%	0.02%	0.02%
CNXN	C	0.02%	0.04%	0.02%
COF	B	0.43%	0.16%	0.16%
COLB	A	0.15%	0.0%	0.0%
COOP	B	0.18%	0.02%	0.02%
CPB	D	0.08%	0.08%	0.08%
CRBG	B	0.37%	0.06%	0.06%
CRL	C	0.09%	0.1%	0.09%
CSCO	B	0.19%	0.16%	0.16%
CSX	B	0.18%	0.01%	0.01%
CTSH	B	0.37%	0.08%	0.08%
CTVA	C	0.08%	1.48%	0.08%
CVCO	A	0.03%	0.01%	0.01%
CVS	D	0.38%	0.5%	0.38%
CXT	B	0.05%	0.01%	0.01%
DAR	C	0.19%	0.03%	0.03%
DD	D	0.08%	0.31%	0.08%
DE	A	0.24%	2.08%	0.24%
DFH	D	0.06%	0.01%	0.01%
DFIN	D	0.05%	0.0%	0.0%
DGX	A	0.26%	0.62%	0.26%
DHI	D	0.3%	0.16%	0.16%
DIOD	D	0.07%	0.01%	0.01%
DIS	B	0.2%	0.2%	0.2%
DOC	D	0.16%	0.01%	0.01%
DOW	F	0.21%	0.21%	0.21%
DXC	B	0.18%	0.07%	0.07%
EBAY	D	0.24%	0.05%	0.05%
ELV	F	0.14%	0.44%	0.14%
EMN	D	0.12%	0.01%	0.01%
ENOV	C	0.05%	0.15%	0.05%
ENS	D	0.12%	0.01%	0.01%
EPAM	C	0.05%	0.01%	0.01%
EQR	B	0.25%	0.07%	0.07%
FAF	A	0.04%	0.05%	0.04%
FDP	B	0.03%	0.48%	0.03%
FDX	B	0.37%	0.01%	0.01%
FELE	B	0.04%	0.26%	0.04%
FHB	A	0.06%	0.0%	0.0%
FHI	A	0.06%	0.01%	0.01%
FHN	A	0.17%	0.01%	0.01%
FITB	A	0.28%	0.04%	0.04%
FIVE	F	0.09%	0.0%	0.0%
FMC	D	0.18%	0.82%	0.18%
FNB	A	0.15%	0.01%	0.01%
FNF	B	0.17%	0.07%	0.07%
FTV	C	0.08%	0.01%	0.01%
FULT	A	0.08%	0.0%	0.0%
GIC	D	0.02%	0.0%	0.0%
GIS	D	0.15%	0.29%	0.15%
GL	B	0.13%	0.02%	0.02%
GMS	B	0.14%	0.01%	0.01%
GNW	A	0.03%	0.03%	0.03%
GPC	D	0.15%	0.05%	0.05%
GRBK	D	0.06%	0.01%	0.01%
GT	C	0.13%	0.01%	0.01%
GXO	B	0.05%	0.05%	0.05%
HBAN	A	0.42%	0.03%	0.03%
HD	A	0.09%	0.37%	0.09%
HGV	B	0.1%	0.01%	0.01%
HIG	B	0.35%	0.1%	0.1%
HMN	B	0.06%	0.01%	0.01%
HOLX	D	0.08%	0.27%	0.08%
HOV	D	0.1%	0.01%	0.01%
HPE	B	0.46%	0.21%	0.21%
HPQ	B	0.18%	0.81%	0.18%
HSIC	B	0.04%	0.14%	0.04%
HST	C	0.17%	0.02%	0.02%
HSY	F	0.16%	0.06%	0.06%
HTH	B	0.05%	0.01%	0.01%
HUM	C	0.16%	0.3%	0.16%
HWC	B	0.1%	0.01%	0.01%
IAC	D	0.04%	0.01%	0.01%
IART	C	0.13%	0.09%	0.09%
IEX	B	0.09%	0.0%	0.0%
INGR	B	0.14%	0.49%	0.14%
INTC	D	0.37%	1.51%	0.37%
INVA	D	0.12%	0.01%	0.01%
IOSP	B	0.05%	0.01%	0.01%
IPG	D	0.08%	0.04%	0.04%
IPGP	D	0.07%	0.01%	0.01%
IVZ	B	0.04%	0.03%	0.03%
J	F	0.09%	0.29%	0.09%
JBL	B	0.14%	0.12%	0.12%
JEF	A	0.05%	0.04%	0.04%
JNJ	D	0.16%	0.71%	0.16%
JXN	C	0.24%	0.02%	0.02%
KBH	D	0.16%	0.03%	0.03%
KDP	D	0.16%	0.04%	0.04%
KEY	B	0.2%	0.04%	0.04%
KEYS	A	0.08%	0.01%	0.01%
KFRC	D	0.02%	0.01%	0.01%
KFY	B	0.09%	0.01%	0.01%
KIM	A	0.19%	0.01%	0.01%
KLG	C	0.07%	0.05%	0.05%
KR	B	0.36%	0.21%	0.21%
KWR	C	0.05%	0.01%	0.01%
L	A	0.37%	0.06%	0.06%
LCII	C	0.05%	0.01%	0.01%
LEN	D	0.4%	0.14%	0.14%
LFUS	F	0.04%	0.01%	0.01%
LGIH	D	0.06%	0.01%	0.01%
LH	C	0.09%	0.93%	0.09%
LILAK	D	0.07%	0.02%	0.02%
LKQ	D	0.13%	0.04%	0.04%
LNC	B	0.19%	0.05%	0.05%
LNN	B	0.05%	0.04%	0.04%
LOW	D	0.08%	0.22%	0.08%
MAA	B	0.08%	0.05%	0.05%
MAS	D	0.08%	0.02%	0.02%
MAT	D	0.04%	0.01%	0.01%
MDLZ	F	0.08%	0.31%	0.08%
MHO	D	0.19%	0.02%	0.02%
MIDD	C	0.08%	0.03%	0.03%
MLI	C	0.1%	0.0%	0.0%
MMS	F	0.07%	0.02%	0.02%
MODG	F	0.08%	0.01%	0.01%
MOH	F	0.16%	0.08%	0.08%
MOS	F	0.17%	1.72%	0.17%
MS	A	0.32%	0.35%	0.32%
MSEX	B	0.02%	0.01%	0.01%
MSM	C	0.09%	0.01%	0.01%
MTB	A	0.31%	0.03%	0.03%
MTG	C	0.21%	0.01%	0.01%
MTH	D	0.19%	0.02%	0.02%
NDSN	B	0.08%	0.0%	0.0%
NMRK	B	0.02%	0.01%	0.01%
NSP	D	0.04%	0.03%	0.03%
NVEE	F	0.02%	0.0%	0.0%
NVR	D	0.17%	0.05%	0.05%
NX	C	0.08%	0.01%	0.01%
NXST	C	0.13%	0.01%	0.01%
OGN	D	0.1%	0.11%	0.1%
OMC	C	0.09%	0.05%	0.05%
OMF	A	0.15%	0.02%	0.02%
OMI	F	0.06%	0.05%	0.05%
ON	D	0.32%	0.03%	0.03%
OPCH	D	0.03%	0.04%	0.03%
ORI	A	0.09%	0.04%	0.04%
OZK	B	0.19%	0.01%	0.01%
PB	A	0.1%	0.01%	0.01%
PBH	A	0.06%	0.01%	0.01%
PDCO	D	0.09%	0.01%	0.01%
PEP	F	0.08%	0.4%	0.08%
PFG	D	0.09%	0.05%	0.05%
PHM	D	0.39%	0.07%	0.07%
PII	D	0.1%	0.01%	0.01%
PINC	B	0.14%	0.01%	0.01%
PLAB	C	0.12%	0.0%	0.0%
PLUS	F	0.02%	0.01%	0.01%
PNC	B	0.2%	0.1%	0.1%
PNFP	B	0.05%	0.01%	0.01%
POST	C	0.12%	0.09%	0.09%
PPG	F	0.16%	0.03%	0.03%
PRG	C	0.1%	0.01%	0.01%
PRU	A	0.18%	0.16%	0.16%
PYPL	B	0.09%	0.08%	0.08%
R	B	0.2%	0.02%	0.02%
RDN	C	0.21%	0.01%	0.01%
REYN	D	0.08%	0.0%	0.0%
REZI	A	0.13%	0.03%	0.03%
RF	A	0.29%	0.03%	0.03%
RGA	A	0.18%	0.06%	0.06%
RHI	B	0.05%	0.03%	0.03%
RJF	A	0.23%	0.05%	0.05%
ROG	D	0.05%	0.0%	0.0%
RS	B	0.47%	0.03%	0.03%
SAFT	C	0.03%	0.0%	0.0%
SANM	B	0.15%	0.03%	0.03%
SBH	C	0.1%	0.01%	0.01%
SCSC	B	0.1%	0.04%	0.04%
SEE	C	0.04%	0.01%	0.01%
SEIC	B	0.1%	0.01%	0.01%
SEM	B	0.05%	0.1%	0.05%
SFNC	B	0.08%	0.0%	0.0%
SJM	D	0.12%	0.54%	0.12%
SJW	D	0.07%	0.05%	0.05%
SKY	A	0.04%	0.01%	0.01%
SNA	A	0.32%	0.01%	0.01%
SNEX	B	0.06%	0.03%	0.03%
SNX	C	0.12%	0.06%	0.06%
SOLV	C	0.17%	0.15%	0.15%
SPB	C	0.07%	0.29%	0.07%
SSB	B	0.05%	0.01%	0.01%
SSNC	B	0.17%	0.02%	0.02%
STC	B	0.02%	0.02%	0.02%
STT	A	0.27%	0.09%	0.09%
SWKS	F	0.3%	0.02%	0.02%
SYF	B	0.57%	0.07%	0.07%
SYNA	C	0.05%	0.01%	0.01%
SYY	B	0.24%	0.07%	0.07%
T	A	0.44%	0.8%	0.44%
TCBI	B	0.03%	0.01%	0.01%
TDS	B	0.13%	0.03%	0.03%
TEX	D	0.21%	0.01%	0.01%
TGNA	B	0.14%	0.01%	0.01%
TGT	F	0.25%	0.1%	0.1%
THO	B	0.13%	0.01%	0.01%
TKR	D	0.08%	0.0%	0.0%
TMHC	B	0.22%	0.03%	0.03%
TNET	D	0.09%	0.02%	0.02%
TOL	B	0.43%	0.04%	0.04%
TPH	D	0.2%	0.02%	0.02%
TROW	B	0.48%	0.04%	0.04%
TRV	B	0.28%	0.16%	0.16%
TTC	D	0.04%	0.05%	0.04%
TTMI	B	0.07%	0.01%	0.01%
UBSI	B	0.1%	0.01%	0.01%
UCB	A	0.05%	0.0%	0.0%
UFPI	B	0.09%	0.01%	0.01%
UHAL	D	0.07%	0.01%	0.01%
UHS	D	0.15%	0.21%	0.15%
ULTA	F	0.25%	0.01%	0.01%
UMBF	B	0.05%	0.01%	0.01%
UNF	B	0.07%	0.01%	0.01%
UNM	A	0.21%	0.04%	0.04%
UPBD	B	0.02%	0.01%	0.01%
UPS	C	0.08%	0.03%	0.03%
URBN	C	0.22%	0.01%	0.01%
USB	A	0.28%	0.12%	0.12%
USM	B	0.11%	0.02%	0.02%
VAC	B	0.13%	0.01%	0.01%
VLY	B	0.14%	0.01%	0.01%
VNT	B	0.1%	0.01%	0.01%
VOYA	B	0.04%	0.03%	0.03%
VSAT	F	0.06%	0.01%	0.01%
VSH	D	0.11%	0.01%	0.01%
VTRS	A	0.38%	0.25%	0.25%
VZ	C	0.32%	0.89%	0.32%
WAFD	B	0.05%	0.0%	0.0%
WAL	B	0.05%	0.01%	0.01%
WBS	A	0.17%	0.01%	0.01%
WCC	B	0.16%	0.01%	0.01%
WD	D	0.04%	0.01%	0.01%
WFC	A	0.45%	0.42%	0.42%
WGO	C	0.08%	0.01%	0.01%
WHR	B	0.14%	0.04%	0.04%
WLK	D	0.15%	0.06%	0.06%
WPC	D	0.08%	0.01%	0.01%
WRB	A	0.09%	0.04%	0.04%
WSFS	A	0.08%	0.0%	0.0%
WTFC	A	0.1%	0.01%	0.01%
WTRG	B	0.09%	0.09%	0.09%
WTS	B	0.04%	0.02%	0.02%
WU	D	0.11%	0.03%	0.03%
XRX	F	0.08%	0.03%	0.03%
ZBH	C	0.35%	0.45%	0.35%
ZION	B	0.16%	0.01%	0.01%

FAB Overweight 352 Positions Relative to HKND

Symbol	Grade	Weight
UAL	A	0.7%
DAL	C	0.56%
GM	B	0.56%
PCAR	B	0.51%
FOXA	B	0.49%
STLD	B	0.48%
CVX	A	0.48%
EOG	A	0.48%
COP	C	0.47%
F	C	0.46%
CTRA	B	0.46%
XOM	B	0.45%
HAL	C	0.45%
VLO	C	0.45%
DVN	F	0.44%
NUE	C	0.43%
OXY	D	0.43%
PSX	C	0.43%
KMI	A	0.42%
MPC	D	0.42%
EG	C	0.41%
EQT	B	0.41%
LNG	B	0.41%
OC	A	0.39%
ETR	B	0.39%
LYB	F	0.38%
SRE	A	0.38%
XEL	A	0.37%
FANG	D	0.37%
CNP	B	0.36%
AEE	A	0.36%
SLB	C	0.36%
ATO	A	0.36%
CB	C	0.35%
APTV	D	0.33%
EXC	C	0.33%
DG	F	0.32%
ED	D	0.32%
IP	B	0.3%
BKR	B	0.3%
TDY	B	0.28%
LUV	C	0.28%
NI	A	0.27%
PPL	B	0.26%
MTDR	B	0.26%
TXT	D	0.25%
AGO	B	0.25%
D	C	0.25%
NOG	A	0.25%
LNT	A	0.25%
OVV	B	0.25%
CNX	A	0.25%
DTE	C	0.24%
SM	B	0.24%
OSK	B	0.24%
HP	B	0.24%
HRL	D	0.24%
DUK	C	0.24%
STX	D	0.23%
KHC	F	0.23%
ATKR	C	0.23%
PTEN	C	0.23%
AL	B	0.23%
AEP	D	0.23%
TAP	C	0.23%
AMR	C	0.22%
CHRD	D	0.22%
PBF	D	0.22%
NFE	D	0.22%
NOV	C	0.22%
CIVI	D	0.22%
PVH	C	0.22%
HCC	B	0.22%
DINO	D	0.21%
OKE	A	0.21%
ZM	B	0.21%
CXW	B	0.21%
MUR	D	0.21%
LBRT	D	0.2%
G	B	0.2%
RIOT	C	0.2%
MATX	C	0.2%
APA	D	0.2%
RUSHA	C	0.2%
LBRDK	C	0.2%
UGI	A	0.2%
LAD	A	0.2%
RNR	C	0.2%
BWA	D	0.2%
ESNT	D	0.19%
JBHT	C	0.19%
TSN	B	0.19%
RRC	B	0.19%
LEA	D	0.19%
NWSA	B	0.19%
PKG	A	0.19%
MGY	A	0.19%
JAZZ	B	0.19%
DDS	B	0.19%
KRC	C	0.18%
OTTR	C	0.18%
GBDC	C	0.18%
HRI	B	0.18%
BKH	A	0.18%
PNW	B	0.18%
DRI	B	0.18%
ASO	F	0.18%
HOG	D	0.18%
GPI	A	0.18%
POR	C	0.17%
CMS	C	0.17%
SR	A	0.17%
M	D	0.17%
NFG	A	0.17%
EVRG	A	0.17%
WEC	A	0.17%
MDU	D	0.16%
BMBL	C	0.16%
SUM	B	0.16%
FE	C	0.16%
GBX	A	0.16%
SIG	B	0.16%
EIX	B	0.16%
BYD	C	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
CUBI	C	0.15%
BFH	B	0.15%
JBT	B	0.15%
ALK	C	0.15%
CLF	F	0.15%
HTZ	C	0.15%
RIG	D	0.14%
KMT	B	0.14%
EIG	B	0.14%
AXS	A	0.14%
TALO	C	0.14%
DNOW	B	0.14%
ULH	B	0.14%
ABG	B	0.14%
VTLE	C	0.14%
GIII	D	0.13%
WS	B	0.13%
BTU	B	0.13%
KOS	F	0.13%
CRGY	B	0.13%
SPNT	A	0.13%
OGS	A	0.13%
PAG	B	0.13%
PK	B	0.13%
APLE	B	0.13%
RLJ	C	0.13%
GPOR	B	0.13%
OGE	B	0.13%
HELE	C	0.13%
SWX	B	0.13%
GEF	A	0.13%
RES	D	0.12%
BY	B	0.12%
ZD	C	0.12%
PEBO	A	0.12%
PRDO	B	0.12%
SON	D	0.12%
AVA	A	0.12%
TRMK	B	0.12%
EPC	D	0.12%
VC	D	0.12%
AN	C	0.12%
INDB	B	0.12%
IMKTA	C	0.12%
SHO	C	0.12%
PARR	D	0.12%
UVV	B	0.12%
MRC	B	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%
PHIN	A	0.11%
EBC	B	0.11%
OLN	D	0.11%
GHC	C	0.11%
FOR	F	0.11%
CAL	D	0.11%
FFBC	A	0.11%
NWE	B	0.1%
HII	D	0.1%
ODFL	B	0.1%
CRC	B	0.1%
ABR	C	0.1%
OEC	C	0.1%
MLKN	D	0.1%
NAVI	C	0.1%
IDA	A	0.1%
EQC	B	0.1%
NWN	A	0.1%
LZB	B	0.1%
BV	B	0.1%
LADR	B	0.1%
GEO	B	0.1%
CVI	F	0.1%
VSCO	B	0.1%
DRH	B	0.1%
CMCO	B	0.1%
AMWD	C	0.1%
GES	F	0.1%
FRME	B	0.09%
PFBC	B	0.09%
SBUX	A	0.09%
ACN	C	0.09%
ALKS	B	0.09%
COLM	B	0.09%
WSBC	A	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%
KNX	B	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%
SLM	A	0.09%
AR	B	0.09%
CVBF	A	0.09%
ANDE	D	0.09%
ACA	A	0.09%
VSTS	C	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
WERN	C	0.08%
MCRI	A	0.08%
WY	D	0.08%
PTVE	B	0.08%
LMT	D	0.08%
EXPD	D	0.08%
SNDR	B	0.08%
DAN	D	0.08%
HOPE	B	0.08%
SKX	D	0.08%
FIBK	A	0.08%
FCF	A	0.08%
SRCE	B	0.08%
HUBG	A	0.08%
LAUR	A	0.08%
BKE	B	0.08%
MDT	D	0.08%
TCBK	B	0.08%
VBTX	B	0.08%
KALU	C	0.08%
GD	F	0.08%
HY	D	0.08%
RNST	B	0.08%
EFSC	B	0.08%
VRTS	B	0.08%
LC	A	0.07%
PEB	D	0.07%
MRTN	C	0.07%
NKE	D	0.07%
XHR	B	0.07%
SBCF	A	0.06%
GOGO	C	0.06%
FBNC	A	0.06%
CSGS	B	0.06%
KAR	B	0.06%
NIC	B	0.06%
CRI	D	0.06%
CAR	C	0.06%
SCVL	F	0.06%
SSTK	F	0.06%
BJ	A	0.05%
PATK	D	0.05%
FLR	B	0.05%
DEA	D	0.05%
DNB	B	0.05%
MUSA	A	0.05%
SHEN	F	0.05%
THRM	D	0.05%
YETI	C	0.05%
PFGC	B	0.05%
PSMT	C	0.05%
AUB	B	0.05%
OFG	B	0.05%
SCL	C	0.05%
ARI	C	0.05%
ALEX	C	0.05%
STBA	B	0.05%
DK	C	0.05%
ROCK	C	0.05%
GO	C	0.05%
MTX	B	0.05%
TOWN	B	0.05%
TPR	B	0.05%
HLF	C	0.05%
NWBI	B	0.05%
UPWK	B	0.04%
MYRG	B	0.04%
FBIN	D	0.04%
FOXF	F	0.04%
RYN	D	0.04%
CZR	F	0.04%
FUL	F	0.04%
BPOP	B	0.04%
MGM	D	0.04%
STWD	C	0.04%
ODP	F	0.04%
LSTR	D	0.04%
NJR	A	0.04%
AVNT	B	0.04%
PRGO	B	0.04%
AIR	B	0.03%
HAYW	B	0.03%
MTRN	C	0.03%
XPEL	C	0.03%
DEI	B	0.03%
HLIO	B	0.03%
IVT	B	0.03%
PPBI	B	0.03%
ROIC	A	0.03%
SAM	C	0.03%
NBTB	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%
OLPX	D	0.02%
BLMN	F	0.02%
GPRE	F	0.02%
JBGS	D	0.02%
OXM	D	0.02%
CWEN	C	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%
NNI	D	0.02%
OI	C	0.02%
EVTC	B	0.02%
PGRE	F	0.02%

FAB Underweight 645 Positions Relative to HKND

Symbol	Grade	Weight
PG	A	-4.05%
GOOGL	C	-3.87%
MSFT	F	-2.37%
AAPL	C	-2.24%
LLY	F	-2.09%
ABBV	D	-2.0%
MRK	F	-1.84%
PFE	D	-1.58%
CL	D	-1.35%
BDX	F	-1.15%
AMGN	D	-1.1%
ABT	B	-1.08%
SYK	C	-1.07%
WMT	A	-1.06%
DELL	C	-0.99%
UNH	C	-0.96%
BMY	B	-0.93%
GEHC	F	-0.93%
HCA	F	-0.91%
ECL	D	-0.87%
TMO	F	-0.86%
BAX	D	-0.84%
BSX	B	-0.74%
GILD	C	-0.7%
JPM	A	-0.69%
REGN	F	-0.61%
DHR	F	-0.59%
VRTX	F	-0.59%
AMZN	C	-0.57%
IQV	D	-0.53%
MCK	B	-0.49%
KVUE	A	-0.4%
TMUS	B	-0.37%
CHD	B	-0.36%
VLTO	D	-0.36%
COR	B	-0.35%
MRNA	F	-0.35%
GS	A	-0.34%
ISRG	A	-0.33%
CAH	B	-0.31%
EW	C	-0.31%
THC	D	-0.3%
WBA	F	-0.26%
IBM	C	-0.26%
K	A	-0.26%
PGR	A	-0.21%
ALL	A	-0.21%
RMD	C	-0.2%
AXP	A	-0.2%
MET	A	-0.19%
AMAT	F	-0.17%
ORCL	B	-0.17%
TFX	F	-0.17%
TSLA	B	-0.16%
CTLT	B	-0.15%
AVTR	F	-0.15%
QCOM	F	-0.15%
FSLR	F	-0.15%
A	D	-0.15%
ZWS	B	-0.15%
V	A	-0.15%
ENPH	F	-0.14%
MU	D	-0.14%
MMC	B	-0.13%
DVA	B	-0.13%
RUN	F	-0.13%
DXCM	D	-0.13%
AVGO	D	-0.12%
FTRE	D	-0.12%
TITN	C	-0.11%
RPRX	D	-0.11%
LRCX	F	-0.11%
COST	B	-0.11%
MA	C	-0.11%
RVTY	F	-0.11%
AHCO	F	-0.11%
FLO	D	-0.1%
BMRN	D	-0.1%
MAN	D	-0.1%
ALNY	D	-0.1%
BLK	C	-0.1%
ICUI	D	-0.1%
TFC	A	-0.1%
KMB	D	-0.1%
BK	A	-0.1%
CBRE	B	-0.1%
WDC	D	-0.1%
MTD	D	-0.09%
BIO	D	-0.09%
NFLX	A	-0.09%
LUMN	C	-0.09%
GLW	B	-0.09%
NVDA	C	-0.09%
TXN	C	-0.09%
ILMN	D	-0.09%
UTHR	C	-0.08%
UAN	B	-0.08%
ITGR	B	-0.08%
CWT	D	-0.08%
CDW	F	-0.08%
CRM	B	-0.08%
KD	B	-0.08%
RDNT	B	-0.08%
LXU	B	-0.08%
ACM	A	-0.08%
INCY	C	-0.08%
NBIX	C	-0.08%
MASI	A	-0.08%
DFS	B	-0.07%
SRPT	D	-0.07%
ADP	B	-0.07%
WAT	B	-0.07%
EMBC	C	-0.07%
AMD	F	-0.07%
TECH	D	-0.07%
MMSI	B	-0.07%
EHC	B	-0.07%
WM	A	-0.07%
AMP	A	-0.07%
WBD	C	-0.07%
SCHW	B	-0.07%
ACI	C	-0.07%
FI	A	-0.06%
MMM	D	-0.06%
KLAC	D	-0.06%
FOX	A	-0.06%
HAE	C	-0.06%
GMED	A	-0.06%
SQ	B	-0.06%
BRKR	D	-0.06%
WST	C	-0.06%
TJX	A	-0.06%
IFF	D	-0.06%
AVB	B	-0.06%
BKNG	A	-0.06%
PODD	C	-0.06%
SMCI	F	-0.05%
MEDP	D	-0.05%
OPK	C	-0.05%
MKC	D	-0.05%
APH	A	-0.05%
GWW	B	-0.05%
EQH	B	-0.05%
INVH	D	-0.05%
SUI	D	-0.05%
MKL	A	-0.05%
MAR	B	-0.05%
ADBE	C	-0.05%
SMG	D	-0.05%
VTR	C	-0.05%
GPN	B	-0.04%
PH	A	-0.04%
FYBR	D	-0.04%
IONS	F	-0.04%
AMT	D	-0.04%
ORLY	B	-0.04%
BPMC	C	-0.04%
EXPE	B	-0.04%
CTAS	B	-0.04%
RSG	A	-0.04%
LPLA	A	-0.04%
CR	A	-0.04%
NTRS	A	-0.04%
ROKU	D	-0.04%
UNFI	A	-0.04%
VKTX	F	-0.04%
HUN	F	-0.04%
ESS	B	-0.04%
EXAS	D	-0.04%
AZO	C	-0.04%
EL	F	-0.04%
ADI	D	-0.04%
AJG	B	-0.04%
SWK	D	-0.04%
TNDM	F	-0.04%
NTAP	C	-0.04%
NOVT	D	-0.04%
AWR	B	-0.04%
JLL	D	-0.04%
SHW	A	-0.04%
PEN	B	-0.04%
AYI	B	-0.04%
EXEL	B	-0.04%
ROST	C	-0.03%
FAST	B	-0.03%
CHE	D	-0.03%
AMED	F	-0.03%
APO	B	-0.03%
APLS	D	-0.03%
GFS	C	-0.03%
UNP	C	-0.03%
AZTA	D	-0.03%
PLD	D	-0.03%
ITW	B	-0.03%
SIRI	C	-0.03%
HWKN	B	-0.03%
SPG	B	-0.03%
ENSG	D	-0.03%
AMRX	C	-0.03%
MCHP	D	-0.03%
CHWY	B	-0.03%
CG	A	-0.03%
HALO	F	-0.03%
CYTK	F	-0.03%
MD	B	-0.03%
NEO	C	-0.03%
INTU	C	-0.03%
TWI	F	-0.03%
LYV	A	-0.03%
CPT	B	-0.03%
RVMD	C	-0.03%
IRDM	D	-0.03%
OFIX	B	-0.03%
IT	C	-0.03%
SPGI	C	-0.03%
ELS	C	-0.03%
NWS	B	-0.03%
FLGT	F	-0.03%
ENR	B	-0.03%
ICE	C	-0.03%
GME	C	-0.03%
AMH	D	-0.03%
LBRDA	C	-0.03%
ZBRA	B	-0.03%
UDR	B	-0.03%
FIS	C	-0.03%
VYX	B	-0.03%
EMR	A	-0.03%
RKT	F	-0.03%
SGRY	F	-0.03%
PCVX	D	-0.03%
LNTH	D	-0.03%
WMG	C	-0.03%
ITCI	C	-0.03%
ARWR	F	-0.02%
PLXS	B	-0.02%
TTEK	F	-0.02%
SMMT	D	-0.02%
IBKR	A	-0.02%
ATEC	C	-0.02%
COMP	B	-0.02%
FOLD	F	-0.02%
HAIN	C	-0.02%
ATRC	C	-0.02%
EFX	F	-0.02%
NWL	B	-0.02%
IOVA	F	-0.02%
ALGN	D	-0.02%
UTZ	D	-0.02%
GKOS	B	-0.02%
PTCT	B	-0.02%
AXSM	B	-0.02%
CORT	B	-0.02%
MRVI	F	-0.02%
NATL	B	-0.02%
XRAY	F	-0.02%
ANET	C	-0.02%
FCN	D	-0.02%
SMPL	B	-0.02%
MCY	A	-0.02%
ACAD	D	-0.02%
TSCO	D	-0.02%
AGL	F	-0.02%
OTIS	C	-0.02%
EME	C	-0.02%
TXG	F	-0.02%
DOX	D	-0.02%
BR	A	-0.02%
CRNX	C	-0.02%
TPG	A	-0.02%
PFSI	D	-0.02%
RARE	D	-0.02%
DLR	B	-0.02%
SNPS	B	-0.02%
NDAQ	A	-0.02%
AORT	B	-0.02%
IDXX	F	-0.02%
ROK	B	-0.02%
LECO	B	-0.02%
CCI	D	-0.02%
BRO	B	-0.02%
GH	B	-0.02%
EA	A	-0.02%
BKD	D	-0.02%
NUVL	D	-0.02%
PAYX	C	-0.02%
PWR	A	-0.02%
ZG	A	-0.02%
INSM	C	-0.02%
DKS	C	-0.02%
NOW	A	-0.02%
KRYS	B	-0.02%
HLT	A	-0.02%
KELYA	F	-0.02%
WMS	D	-0.02%
OPEN	D	-0.02%
ENTG	D	-0.02%
THG	A	-0.02%
MDGL	B	-0.02%
WELL	A	-0.02%
ADV	D	-0.02%
GAP	C	-0.02%
BBIO	F	-0.02%
MSI	B	-0.02%
JJSF	B	-0.02%
THS	D	-0.02%
EQIX	A	-0.02%
KMPR	B	-0.02%
SF	B	-0.02%
CME	A	-0.02%
CSL	C	-0.02%
WSO	A	-0.02%
MCO	B	-0.02%
VCYT	B	-0.01%
SAVA	D	-0.01%
SLAB	D	-0.01%
ANF	C	-0.01%
TKO	B	-0.01%
UI	A	-0.01%
WH	B	-0.01%
POOL	C	-0.01%
ONB	B	-0.01%
FLS	B	-0.01%
EOLS	D	-0.01%
EXR	D	-0.01%
ELVN	D	-0.01%
COTY	F	-0.01%
APP	B	-0.01%
GTES	A	-0.01%
FRPT	B	-0.01%
TMCI	D	-0.01%
YORW	D	-0.01%
AVO	C	-0.01%
MIRM	B	-0.01%
UFCS	B	-0.01%
REG	B	-0.01%
ONTO	D	-0.01%
NYT	C	-0.01%
VZIO	A	-0.01%
SRRK	B	-0.01%
RGNX	F	-0.01%
KE	C	-0.01%
MPWR	F	-0.01%
BRX	A	-0.01%
TOST	B	-0.01%
PGNY	F	-0.01%
APAM	B	-0.01%
FDMT	F	-0.01%
DBX	B	-0.01%
USPH	B	-0.01%
TYL	B	-0.01%
SAGE	F	-0.01%
PRLB	A	-0.01%
MC	C	-0.01%
BXC	B	-0.01%
FOUR	B	-0.01%
GSAT	C	-0.01%
FICO	B	-0.01%
VEEV	C	-0.01%
SCHL	D	-0.01%
DLB	B	-0.01%
HAS	D	-0.01%
DAWN	F	-0.01%
HURN	B	-0.01%
RLI	B	-0.01%
WTM	A	-0.01%
DAY	B	-0.01%
CRUS	D	-0.01%
SSYS	C	-0.01%
ACIW	B	-0.01%
MTN	C	-0.01%
KNF	A	-0.01%
MNKD	C	-0.01%
FDS	B	-0.01%
BCRX	D	-0.01%
KIDS	D	-0.01%
FIX	A	-0.01%
ANSS	B	-0.01%
ACT	D	-0.01%
MDXG	B	-0.01%
APG	B	-0.01%
TRUP	B	-0.01%
TARS	B	-0.01%
CBSH	A	-0.01%
AKRO	B	-0.01%
PAYC	B	-0.01%
BRC	D	-0.01%
PTGX	C	-0.01%
EXLS	B	-0.01%
PIPR	B	-0.01%
CFR	B	-0.01%
IMVT	F	-0.01%
FG	B	-0.01%
TDC	D	-0.01%
VRSN	F	-0.01%
IDT	B	-0.01%
JKHY	D	-0.01%
SBAC	D	-0.01%
MTCH	D	-0.01%
RYAN	B	-0.01%
CCRN	F	-0.01%
XYL	D	-0.01%
IR	B	-0.01%
BEAM	D	-0.01%
NGVT	B	-0.01%
TDOC	C	-0.01%
IRT	A	-0.01%
UCTT	D	-0.01%
RXRX	F	-0.01%
ASIX	A	-0.01%
CRVL	A	-0.01%
SITE	D	-0.01%
LAMR	D	-0.01%
SXT	B	-0.01%
HLI	B	-0.01%
RCKT	F	-0.01%
SNDX	F	-0.01%
MSCI	C	-0.01%
EXPI	C	-0.01%
AXTA	A	-0.01%
CNM	D	-0.01%
MORN	B	-0.01%
FND	C	-0.01%
ANIP	F	-0.01%
IRWD	F	-0.01%
ADMA	B	-0.01%
AGIO	C	-0.01%
ALB	C	-0.01%
EWTX	C	-0.01%
LANC	C	-0.01%
VNO	B	-0.01%
FNA	C	-0.01%
KROS	D	-0.01%
SANA	F	-0.01%
COIN	C	-0.01%
CGON	F	-0.01%
ASTH	D	-0.01%
XNCR	B	-0.01%
HUBB	B	-0.01%
LMAT	A	-0.01%
ACHC	F	-0.01%
DYN	F	-0.01%
AIV	C	-0.01%
HRB	D	-0.01%
AOS	F	-0.01%
PSTG	D	-0.01%
CRSR	C	-0.01%
ICFI	F	-0.01%
BGC	C	-0.01%
TTWO	A	-0.01%
IRM	D	-0.01%
TNC	D	-0.01%
EVH	F	-0.01%
CPRX	C	-0.01%
ADUS	D	-0.01%
NTLA	F	-0.01%
KEX	C	-0.01%
RNA	D	-0.01%
COLL	F	-0.01%
TNL	A	-0.01%
CSTL	D	-0.01%
ARDX	F	-0.01%
O	D	-0.01%
BZH	B	-0.01%
GNRC	B	-0.01%
TRMB	B	-0.01%
CDNS	B	-0.01%
JBSS	D	-0.01%
STGW	B	-0.01%
ACLX	C	-0.01%
FFIV	B	-0.01%
RYTM	C	-0.01%
DVAX	C	-0.01%
BURL	A	-0.01%
SNV	B	-0.01%
HRMY	D	-0.01%
QRVO	F	-0.01%
CIEN	B	-0.01%
CNDT	C	-0.01%
VERA	B	-0.01%
GERN	D	-0.01%
EWBC	A	-0.01%
ADSK	A	-0.01%
HHH	B	-0.01%
AME	A	-0.01%
KYMR	D	-0.01%
NHC	C	-0.01%
LGND	B	-0.01%
GEN	B	-0.01%
ESI	A	-0.01%
NVST	B	-0.01%
ARVN	D	-0.01%
DNLI	D	-0.01%
RRX	B	-0.01%
H	B	-0.01%
KO	D	-0.01%
SPTN	D	-0.01%
JANX	C	-0.01%
CLH	B	-0.01%
BGS	F	-0.01%
AIT	A	-0.01%
TRU	D	-0.01%
FL	F	-0.01%
PRVA	B	-0.01%
ABNB	C	-0.01%
DOV	A	-0.01%
VIR	D	-0.01%
COHR	B	-0.01%
UWMC	D	-0.01%
CSGP	D	-0.01%
ERIE	D	-0.01%
LGF.A	C	-0.01%
NARI	C	-0.01%
URI	B	-0.01%
JNPR	F	-0.01%
VRT	B	-0.01%
NSIT	F	-0.01%
UFPT	B	-0.01%
PCRX	C	-0.01%
PSA	D	-0.01%
FCNCA	A	-0.01%
VCEL	B	-0.01%
CLDX	F	-0.01%
FTNT	C	-0.01%
VRSK	A	-0.01%
INSP	D	-0.01%
TWST	D	-0.01%
IDYA	F	-0.01%
MYGN	F	-0.01%
EEFT	B	-0.01%
TGTX	B	-0.01%
WDAY	B	-0.01%
GDDY	A	-0.01%
SIGI	C	-0.01%
ESAB	B	-0.01%
ARES	A	-0.01%
EDR	A	-0.01%
ATR	B	-0.01%
PANW	C	-0.01%
AMPH	D	-0.01%
BXP	D	-0.01%
NVAX	F	-0.01%
NTRA	B	-0.01%
AMRK	F	-0.01%
RGEN	D	-0.01%
ROP	B	-0.01%
SCI	B	-0.01%
SWTX	C	-0.01%
SUPN	C	-0.01%
TER	D	-0.01%
BCO	D	-0.01%
MRVL	B	-0.01%
EVR	B	-0.01%
SCLX	F	-0.0%
VIRT	B	-0.0%
OABI	F	-0.0%
ABUS	D	-0.0%
QTRX	F	-0.0%
OLMA	F	-0.0%
PRME	F	-0.0%
ABSI	F	-0.0%
LYEL	F	-0.0%
STOK	F	-0.0%
APLT	B	-0.0%
BLFS	C	-0.0%
CELC	F	-0.0%
ALT	C	-0.0%
MNMD	C	-0.0%
PHAT	F	-0.0%
EYPT	F	-0.0%
ORIC	F	-0.0%
CTKB	C	-0.0%
YMAB	F	-0.0%
ALEC	F	-0.0%
COGT	D	-0.0%
NUVB	C	-0.0%
MLYS	F	-0.0%
CNS	B	-0.0%
MSGS	A	-0.0%
CRAI	B	-0.0%
IRON	B	-0.0%
SVRA	D	-0.0%
TW	A	-0.0%
RLAY	F	-0.0%
ITRI	B	-0.0%
ALGM	D	-0.0%
MMI	B	-0.0%
STEP	B	-0.0%
FORM	D	-0.0%
OSCR	D	-0.0%
NRIX	D	-0.0%
GGG	B	-0.0%
LBPH	A	-0.0%
CBT	C	-0.0%
BSY	D	-0.0%
OCUL	D	-0.0%
AEIS	B	-0.0%
TTD	B	-0.0%
ANAB	F	-0.0%
IMNM	F	-0.0%
ETNB	C	-0.0%
SPRY	D	-0.0%
VRDN	D	-0.0%
CHH	A	-0.0%
GBCI	B	-0.0%
HSII	B	-0.0%
HZO	D	-0.0%
ZEUS	C	-0.0%
PLAY	D	-0.0%
SIGA	F	-0.0%
PLRX	F	-0.0%
IRTC	D	-0.0%
IBP	D	-0.0%
HOMB	A	-0.0%
TYRA	F	-0.0%
TRIP	F	-0.0%
GOLF	B	-0.0%
ARQT	C	-0.0%
PCTY	B	-0.0%
ARCT	F	-0.0%
CNA	B	-0.0%
SONO	C	-0.0%
KURA	F	-0.0%
LQDA	D	-0.0%
CBZ	B	-0.0%
CTS	C	-0.0%
RCUS	F	-0.0%
ITT	A	-0.0%
DCI	B	-0.0%
PNTG	D	-0.0%
BBSI	B	-0.0%
FRT	B	-0.0%
TVTX	B	-0.0%
UVE	B	-0.0%
DORM	B	-0.0%
AZZ	B	-0.0%
SATS	D	-0.0%
PTC	A	-0.0%
SFM	A	-0.0%
LFST	C	-0.0%
CGEM	F	-0.0%
SIBN	F	-0.0%
NSC	B	-0.0%
VCTR	B	-0.0%
PJT	A	-0.0%