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

$85.02

Average Daily Volume

4,786

Number of Holdings ^*

660

* 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

$33.17

Average Daily Volume

3,769

Number of Holdings ^*

954

* may have additional holdings in another (foreign) market

Performance

Period	FAB	HKND
30 Days	4.01%	2.28%
60 Days	2.84%	3.59%
90 Days	8.64%	5.88%
12 Months	21.57%	20.27%

317 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in HKND	Overlap
AAP	F	0.03%	0.02%	0.02%
ABCB	B	0.1%	0.01%	0.01%
ABM	D	0.1%	0.02%	0.02%
ABT	C	0.1%	1.12%	0.1%
ADM	D	0.43%	1.58%	0.43%
ADTN	D	0.16%	0.02%	0.02%
ADUS	B	0.03%	0.01%	0.01%
ADV	C	0.08%	0.02%	0.02%
AEO	F	0.13%	0.01%	0.01%
AFG	B	0.05%	0.04%	0.04%
AFL	C	0.31%	0.09%	0.09%
AGCO	D	0.2%	0.65%	0.2%
AIG	D	0.35%	0.23%	0.23%
AIZ	B	0.1%	0.12%	0.1%
ALLY	F	0.14%	0.05%	0.05%
AMG	C	0.23%	0.01%	0.01%
AMKR	F	0.06%	0.02%	0.02%
AMN	F	0.09%	0.01%	0.01%
APAM	C	0.02%	0.01%	0.01%
APD	B	0.19%	0.02%	0.02%
ARE	C	0.18%	0.01%	0.01%
ARW	C	0.18%	0.03%	0.03%
ASB	D	0.02%	0.01%	0.01%
ASGN	D	0.09%	0.01%	0.01%
ASH	D	0.12%	0.01%	0.01%
AVT	C	0.17%	0.02%	0.02%
AWK	B	0.1%	0.38%	0.1%
AYI	B	0.09%	0.05%	0.05%
BAC	D	0.25%	0.51%	0.25%
BBWI	F	0.09%	0.01%	0.01%
BBY	C	0.3%	0.28%	0.28%
BC	C	0.14%	0.01%	0.01%
BCC	B	0.19%	0.01%	0.01%
BECN	D	0.08%	0.01%	0.01%
BEN	F	0.31%	0.03%	0.03%
BERY	B	0.14%	0.06%	0.06%
BG	D	0.4%	0.94%	0.4%
BHF	F	0.04%	0.02%	0.02%
BIIB	F	0.07%	0.3%	0.07%
BKU	C	0.12%	0.01%	0.01%
BLK	B	0.1%	0.1%	0.1%
BOKF	B	0.1%	0.01%	0.01%
BXC	D	0.08%	0.01%	0.01%
BZH	B	0.14%	0.01%	0.01%
C	C	0.23%	0.39%	0.23%
CABO	F	0.11%	0.01%	0.01%
CACC	F	0.04%	0.01%	0.01%
CADE	C	0.19%	0.01%	0.01%
CAG	C	0.39%	0.37%	0.37%
CATY	C	0.11%	0.0%	0.0%
CBRE	A	0.11%	0.11%	0.11%
CCS	B	0.15%	0.02%	0.02%
CE	F	0.39%	0.01%	0.01%
CENTA	F	0.1%	0.02%	0.02%
CF	C	0.46%	0.91%	0.46%
CFG	C	0.39%	0.04%	0.04%
CHTR	D	0.29%	0.17%	0.17%
CI	C	0.09%	1.12%	0.09%
CINF	B	0.5%	0.04%	0.04%
CMA	B	0.1%	0.02%	0.02%
CMC	D	0.16%	0.01%	0.01%
CMCSA	D	0.44%	0.66%	0.44%
CMI	C	0.09%	0.05%	0.05%
CNC	D	0.4%	0.32%	0.32%
CNO	B	0.12%	0.01%	0.01%
CNXC	F	0.23%	0.02%	0.02%
CNXN	B	0.06%	0.03%	0.03%
COF	B	0.35%	0.16%	0.16%
COLB	B	0.2%	0.0%	0.0%
COOP	C	0.19%	0.02%	0.02%
CPB	C	0.19%	0.08%	0.08%
CRBG	D	0.24%	0.06%	0.06%
CRUS	D	0.05%	0.01%	0.01%
CSCO	C	0.18%	0.16%	0.16%
CTS	D	0.02%	0.0%	0.0%
CTSH	C	0.39%	0.08%	0.08%
CTVA	B	0.09%	1.41%	0.09%
CVCO	A	0.03%	0.01%	0.01%
CVS	D	0.43%	0.45%	0.43%
CWT	C	0.05%	0.08%	0.05%
DAR	F	0.2%	0.03%	0.03%
DD	B	0.09%	0.3%	0.09%
DE	B	0.27%	1.95%	0.27%
DFIN	B	0.06%	0.0%	0.0%
DGX	B	0.29%	0.62%	0.29%
DHI	B	0.59%	0.17%	0.17%
DIOD	F	0.06%	0.01%	0.01%
DKS	D	0.08%	0.02%	0.02%
DORM	B	0.06%	0.0%	0.0%
DOV	B	0.18%	0.01%	0.01%
DOW	D	0.17%	0.2%	0.17%
DXC	C	0.19%	0.07%	0.07%
EBAY	B	0.41%	0.05%	0.05%
EHC	C	0.05%	0.07%	0.05%
ELV	C	0.09%	0.43%	0.09%
EMN	B	0.13%	0.01%	0.01%
ENOV	D	0.02%	0.15%	0.02%
ENS	D	0.08%	0.01%	0.01%
EPAM	F	0.19%	0.01%	0.01%
EQR	B	0.29%	0.07%	0.07%
EWBC	D	0.14%	0.01%	0.01%
FAF	B	0.1%	0.05%	0.05%
FDP	C	0.03%	0.49%	0.03%
FDX	C	0.24%	0.01%	0.01%
FHB	D	0.08%	0.0%	0.0%
FHI	A	0.08%	0.01%	0.01%
FHN	D	0.13%	0.01%	0.01%
FITB	B	0.29%	0.04%	0.04%
FMC	C	0.23%	0.74%	0.23%
FNB	C	0.13%	0.01%	0.01%
FNF	B	0.21%	0.07%	0.07%
FULT	D	0.05%	0.0%	0.0%
FYBR	C	0.24%	0.04%	0.04%
GAP	F	0.11%	0.02%	0.02%
GIS	B	0.3%	0.31%	0.3%
GL	C	0.16%	0.02%	0.02%
GMS	D	0.18%	0.01%	0.01%
GNW	B	0.03%	0.03%	0.03%
GPC	D	0.17%	0.05%	0.05%
GPN	D	0.5%	0.04%	0.04%
GS	C	0.18%	0.33%	0.18%
GT	F	0.09%	0.01%	0.01%
GXO	D	0.04%	0.05%	0.04%
HBAN	B	0.38%	0.03%	0.03%
HCA	B	0.21%	0.96%	0.21%
HGV	F	0.08%	0.01%	0.01%
HIG	B	0.4%	0.1%	0.1%
HLI	B	0.05%	0.01%	0.01%
HMN	D	0.03%	0.01%	0.01%
HOMB	B	0.1%	0.0%	0.0%
HPE	D	0.35%	0.19%	0.19%
HPQ	D	0.17%	0.75%	0.17%
HSIC	C	0.05%	0.13%	0.05%
HSY	C	0.19%	0.06%	0.06%
HTH	C	0.05%	0.01%	0.01%
HUM	F	0.07%	0.28%	0.07%
HWC	D	0.09%	0.01%	0.01%
IAC	C	0.09%	0.01%	0.01%
IART	F	0.01%	0.08%	0.01%
ICUI	B	0.07%	0.1%	0.07%
INCY	C	0.27%	0.09%	0.09%
INTC	F	0.16%	1.39%	0.16%
INVA	B	0.15%	0.01%	0.01%
IPG	C	0.37%	0.03%	0.03%
IPGP	F	0.1%	0.01%	0.01%
IVZ	B	0.05%	0.03%	0.03%
J	C	0.09%	0.29%	0.09%
JBL	D	0.24%	0.12%	0.12%
JEF	B	0.05%	0.04%	0.04%
JLL	B	0.05%	0.04%	0.04%
JNJ	C	0.2%	2.19%	0.2%
JXN	A	0.24%	0.02%	0.02%
K	B	0.12%	0.26%	0.12%
KBH	A	0.25%	0.03%	0.03%
KDP	B	0.19%	0.04%	0.04%
KEX	C	0.04%	0.01%	0.01%
KEY	B	0.2%	0.03%	0.03%
KFRC	D	0.02%	0.01%	0.01%
KFY	B	0.03%	0.01%	0.01%
KIM	C	0.21%	0.01%	0.01%
KLG	C	0.06%	0.05%	0.05%
KMB	D	0.09%	0.1%	0.09%
KR	C	0.28%	0.21%	0.21%
KVUE	C	0.11%	0.43%	0.11%
KWR	D	0.04%	0.01%	0.01%
L	C	0.37%	0.06%	0.06%
LANC	D	0.04%	0.01%	0.01%
LCII	C	0.05%	0.01%	0.01%
LEN	B	0.53%	0.14%	0.14%
LFUS	C	0.04%	0.01%	0.01%
LGIH	C	0.12%	0.01%	0.01%
LGND	C	0.09%	0.01%	0.01%
LILAK	D	0.1%	0.02%	0.02%
LKQ	F	0.33%	0.04%	0.04%
LNC	D	0.16%	0.04%	0.04%
LNN	D	0.05%	0.03%	0.03%
LOW	B	0.2%	0.23%	0.2%
MAA	B	0.1%	0.05%	0.05%
MAT	C	0.05%	0.01%	0.01%
MCY	D	0.05%	0.02%	0.02%
MDLZ	B	0.1%	0.33%	0.1%
MHO	B	0.28%	0.02%	0.02%
MIDD	D	0.09%	0.03%	0.03%
MKC	C	0.1%	0.05%	0.05%
MKL	C	0.43%	0.05%	0.05%
MLI	A	0.16%	0.0%	0.0%
MMS	C	0.04%	0.02%	0.02%
MODG	F	0.06%	0.0%	0.0%
MOH	D	0.21%	0.07%	0.07%
MOS	F	0.19%	1.58%	0.19%
MS	D	0.17%	0.34%	0.17%
MTB	B	0.38%	0.03%	0.03%
MTG	B	0.25%	0.01%	0.01%
MTH	A	0.26%	0.03%	0.03%
NHC	D	0.06%	0.01%	0.01%
NMRK	A	0.07%	0.01%	0.01%
NVEE	F	0.02%	0.0%	0.0%
NVST	D	0.05%	0.01%	0.01%
NX	F	0.12%	0.01%	0.01%
NXST	D	0.13%	0.01%	0.01%
OGN	D	0.17%	0.11%	0.11%
OMC	B	0.19%	0.05%	0.05%
OMF	D	0.12%	0.02%	0.02%
OMI	D	0.08%	0.05%	0.05%
ONB	C	0.14%	0.01%	0.01%
ORI	B	0.1%	0.04%	0.04%
OZK	D	0.17%	0.01%	0.01%
PB	B	0.1%	0.01%	0.01%
PBH	B	0.05%	0.01%	0.01%
PCRX	F	0.04%	0.01%	0.01%
PDCO	F	0.09%	0.01%	0.01%
PFG	B	0.09%	0.06%	0.06%
PII	D	0.13%	0.01%	0.01%
PLUS	A	0.06%	0.01%	0.01%
PLXS	A	0.03%	0.01%	0.01%
PNC	B	0.2%	0.1%	0.1%
PNFP	B	0.15%	0.01%	0.01%
POOL	C	0.1%	0.0%	0.0%
PPG	D	0.17%	0.04%	0.04%
PRG	B	0.16%	0.01%	0.01%
PRU	C	0.08%	0.17%	0.08%
PYPL	B	0.21%	0.08%	0.08%
QCOM	D	0.07%	0.14%	0.07%
R	A	0.19%	0.02%	0.02%
RDN	C	0.24%	0.01%	0.01%
REGN	C	0.09%	0.61%	0.09%
REYN	C	0.1%	0.0%	0.0%
REZI	D	0.09%	0.02%	0.02%
RF	B	0.28%	0.03%	0.03%
RGA	C	0.04%	0.06%	0.04%
RHI	D	0.04%	0.03%	0.03%
RJF	C	0.08%	0.05%	0.05%
ROG	F	0.02%	0.0%	0.0%
RS	D	0.34%	0.03%	0.03%
SAFT	D	0.05%	0.0%	0.0%
SANM	D	0.13%	0.03%	0.03%
SBH	B	0.12%	0.01%	0.01%
SCHL	D	0.11%	0.01%	0.01%
SEE	D	0.04%	0.01%	0.01%
SEIC	C	0.09%	0.01%	0.01%
SEM	D	0.04%	0.1%	0.04%
SFNC	B	0.09%	0.0%	0.0%
SIGI	D	0.04%	0.01%	0.01%
SJM	C	0.38%	0.51%	0.38%
SJW	C	0.08%	0.05%	0.05%
SKY	B	0.06%	0.01%	0.01%
SNA	C	0.37%	0.01%	0.01%
SNEX	B	0.05%	0.03%	0.03%
SNV	C	0.05%	0.01%	0.01%
SNX	D	0.08%	0.06%	0.06%
SPB	C	0.13%	0.28%	0.13%
SSB	B	0.1%	0.01%	0.01%
SSNC	B	0.21%	0.02%	0.02%
STC	B	0.03%	0.02%	0.02%
STT	A	0.29%	0.09%	0.09%
SWKS	D	0.24%	0.02%	0.02%
SYF	C	0.43%	0.07%	0.07%
SYY	D	0.09%	0.07%	0.07%
T	C	0.5%	0.88%	0.5%
TCBI	B	0.06%	0.01%	0.01%
TEX	F	0.2%	0.01%	0.01%
TFX	C	0.05%	0.18%	0.05%
TGNA	D	0.12%	0.01%	0.01%
TGT	C	0.18%	0.13%	0.13%
THC	A	0.21%	0.3%	0.21%
THO	D	0.14%	0.01%	0.01%
THS	C	0.03%	0.02%	0.02%
TKR	D	0.13%	0.0%	0.0%
TMHC	A	0.25%	0.03%	0.03%
TPH	C	0.2%	0.02%	0.02%
TROW	D	0.32%	0.04%	0.04%
TRV	C	0.2%	0.17%	0.17%
TSCO	C	0.09%	0.02%	0.02%
UBSI	B	0.1%	0.01%	0.01%
UCBI	B	0.06%	0.0%	0.0%
UFPI	C	0.14%	0.01%	0.01%
UHAL	A	0.39%	0.01%	0.01%
UHS	B	0.22%	0.21%	0.21%
UMBF	B	0.11%	0.01%	0.01%
UNF	C	0.08%	0.01%	0.01%
UNM	B	0.18%	0.03%	0.03%
UPS	D	0.16%	0.03%	0.03%
URBN	F	0.15%	0.01%	0.01%
USB	B	0.28%	0.12%	0.12%
USM	C	0.1%	0.02%	0.02%
UTHR	C	0.14%	0.08%	0.08%
VAC	F	0.06%	0.01%	0.01%
VCTR	B	0.05%	0.0%	0.0%
VLY	C	0.2%	0.01%	0.01%
VNO	B	0.06%	0.01%	0.01%
VOYA	B	0.05%	0.03%	0.03%
VSAT	F	0.03%	0.01%	0.01%
VSH	F	0.1%	0.01%	0.01%
VTR	C	0.11%	0.06%	0.06%
VTRS	D	0.39%	0.23%	0.23%
VZ	B	0.37%	0.91%	0.37%
WAFD	C	0.06%	0.0%	0.0%
WAL	B	0.16%	0.01%	0.01%
WBD	D	0.36%	0.06%	0.06%
WBS	D	0.17%	0.01%	0.01%
WCC	D	0.13%	0.01%	0.01%
WD	A	0.03%	0.01%	0.01%
WFC	D	0.3%	0.41%	0.3%
WGO	D	0.1%	0.01%	0.01%
WHR	D	0.08%	0.04%	0.04%
WLK	D	0.08%	0.05%	0.05%
WMT	C	0.1%	1.07%	0.1%
WPC	C	0.29%	0.01%	0.01%
WRB	C	0.19%	0.04%	0.04%
WSFS	D	0.08%	0.0%	0.0%
WTFC	B	0.14%	0.01%	0.01%
WTM	D	0.2%	0.01%	0.01%
WTRG	D	0.09%	0.08%	0.08%
WU	F	0.13%	0.03%	0.03%
XRX	D	0.02%	0.03%	0.02%
ZBH	F	0.25%	0.44%	0.25%
ZION	D	0.09%	0.01%	0.01%

FAB Overweight 343 Positions Relative to HKND

Symbol	Grade	Weight
EXC	C	0.51%
ETR	B	0.51%
FOXA	B	0.5%
BRK.A	C	0.49%
ACGL	C	0.48%
UAL	C	0.45%
GM	C	0.44%
EG	C	0.44%
APTV	D	0.42%
XEL	B	0.42%
ATO	B	0.41%
ED	C	0.41%
MPC	F	0.41%
AEP	C	0.41%
EOG	D	0.41%
AEE	C	0.41%
PCG	C	0.4%
CB	B	0.4%
EQT	D	0.39%
NUE	F	0.39%
CVX	D	0.39%
PSX	F	0.39%
COP	D	0.39%
VLO	F	0.38%
KHC	C	0.38%
KMI	B	0.37%
DVN	F	0.37%
F	F	0.37%
FANG	D	0.37%
STLD	F	0.37%
CTRA	D	0.37%
LNG	C	0.36%
OXY	F	0.35%
XOM	C	0.34%
LYB	D	0.34%
OC	D	0.33%
WEC	C	0.31%
DUK	C	0.3%
CMS	C	0.3%
D	C	0.3%
EIX	C	0.3%
DTE	C	0.29%
ZM	C	0.29%
HAL	F	0.29%
FE	C	0.29%
SRE	C	0.28%
TDY	B	0.28%
JBHT	D	0.27%
LUV	C	0.26%
TXT	D	0.26%
TEL	D	0.25%
RNR	C	0.25%
GPI	B	0.25%
RUSHA	C	0.25%
ESNT	B	0.24%
LBRDK	F	0.24%
BKR	C	0.24%
ESGR	D	0.23%
ASO	C	0.23%
CNP	C	0.23%
HOG	C	0.23%
TAP	D	0.23%
LAD	D	0.23%
AGO	C	0.22%
NEE	C	0.21%
G	C	0.21%
BTU	D	0.21%
SIG	C	0.21%
SEB	D	0.21%
LMT	C	0.21%
KRC	B	0.2%
EVRG	B	0.2%
LBRT	D	0.2%
PEG	B	0.2%
NOG	D	0.2%
PKG	B	0.2%
MDT	C	0.2%
PNW	C	0.2%
BYD	C	0.19%
NFG	B	0.19%
BKH	B	0.19%
POR	C	0.19%
CHK	D	0.19%
PVH	F	0.19%
OGS	B	0.19%
WY	C	0.19%
SM	F	0.19%
AL	D	0.19%
OKE	B	0.19%
MDU	C	0.18%
MUR	F	0.18%
OVV	F	0.18%
DINO	F	0.18%
MTDR	F	0.18%
HRL	C	0.18%
NOV	F	0.18%
HP	F	0.18%
PTEN	F	0.17%
MATX	B	0.17%
BWA	D	0.17%
CVI	F	0.17%
AN	D	0.17%
OSK	F	0.16%
LEA	F	0.16%
CLF	F	0.16%
MGY	C	0.16%
ABG	D	0.16%
CUZ	B	0.16%
OGE	C	0.15%
NMIH	B	0.15%
PBF	F	0.15%
NI	B	0.15%
HE	F	0.15%
KNX	C	0.14%
AVA	C	0.14%
NWN	C	0.14%
HII	D	0.14%
UAA	C	0.14%
CHRD	F	0.14%
NWE	B	0.14%
EIG	C	0.14%
SON	C	0.14%
CNX	B	0.14%
AGNC	B	0.14%
APA	F	0.14%
AXS	B	0.14%
EBC	B	0.14%
PHIN	B	0.14%
BNL	B	0.14%
HPP	D	0.13%
VAL	F	0.13%
GDEN	D	0.13%
ALK	C	0.13%
JAZZ	D	0.13%
PAG	D	0.13%
GEF	D	0.13%
IMKTA	D	0.13%
UVV	D	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%
INDB	C	0.12%
RC	F	0.12%
RLJ	D	0.12%
AAT	B	0.12%
FCF	C	0.12%
CZR	C	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%
DNB	C	0.11%
OLPX	C	0.11%
KSS	F	0.11%
NAVI	C	0.11%
FRME	D	0.11%
DNOW	D	0.11%
REVG	D	0.11%
OCFC	B	0.11%
ATKR	F	0.11%
FFBC	D	0.11%
RRC	D	0.11%
SNDR	B	0.11%
CRI	D	0.11%
CALM	A	0.11%
GES	F	0.11%
JBT	D	0.11%
IDA	C	0.1%
HTZ	F	0.1%
TRGP	B	0.1%
ABR	B	0.1%
DDS	F	0.1%
PEBO	C	0.1%
M	F	0.1%
SAIC	C	0.1%
LPX	B	0.1%
SAH	D	0.1%
LNT	B	0.1%
ADNT	F	0.1%
PRDO	D	0.1%
WERN	D	0.1%
ARCH	F	0.1%
SLGN	B	0.1%
HUBG	C	0.1%
PFBC	D	0.1%
ALGT	F	0.1%
IBOC	D	0.1%
SWX	C	0.09%
MSGE	B	0.09%
LHX	C	0.09%
SLM	D	0.09%
GD	B	0.09%
UGI	C	0.09%
NKE	D	0.09%
TOWN	B	0.09%
PATK	B	0.09%
COLM	C	0.09%
TALO	D	0.09%
EPC	F	0.09%
PARR	F	0.09%
PRGO	D	0.09%
JCI	B	0.09%
CRC	C	0.09%
DTM	B	0.09%
TSN	C	0.09%
VSCO	C	0.09%
MATW	F	0.09%
ANDE	D	0.09%
RYN	C	0.09%
CRK	D	0.09%
NJR	B	0.09%
SASR	B	0.09%
FBNC	B	0.09%
CROX	D	0.08%
JELD	D	0.08%
NBHC	D	0.08%
RNST	D	0.08%
EQC	C	0.08%
DAN	F	0.08%
FIBK	B	0.08%
KMT	B	0.08%
CENX	D	0.08%
OI	D	0.08%
OMCL	C	0.08%
WSBC	D	0.08%
AX	D	0.08%
SLVM	B	0.08%
MCRI	C	0.08%
CTOS	F	0.08%
HOPE	B	0.08%
PNM	B	0.08%
EXPD	C	0.08%
BANR	B	0.08%
NWBI	C	0.08%
SKX	D	0.08%
BKE	B	0.08%
SSTK	F	0.08%
VBTX	B	0.08%
OFG	C	0.08%
CASH	B	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%
MLKN	D	0.07%
ODP	F	0.07%
CHGG	F	0.07%
APOG	B	0.07%
SBCF	C	0.06%
CSGS	C	0.06%
AUB	D	0.06%
NIC	C	0.06%
CPK	B	0.06%
GOGO	F	0.06%
ALEX	B	0.06%
CAR	F	0.06%
GTY	B	0.06%
HELE	D	0.06%
DEI	B	0.06%
ROIC	B	0.06%
ZD	D	0.06%
CBRL	D	0.06%
CMCO	F	0.06%
VRTS	F	0.06%
GEO	F	0.06%
SHEN	F	0.05%
AVNT	B	0.05%
XHR	B	0.05%
BXMT	C	0.05%
BPOP	C	0.05%
CACI	B	0.05%
EAT	A	0.05%
IP	B	0.05%
PTVE	D	0.05%
USFD	B	0.05%
TRS	D	0.05%
PCH	C	0.05%
CVBF	D	0.05%
HLF	F	0.05%
TRMK	C	0.05%
CCK	A	0.05%
TCBK	D	0.05%
BUSE	C	0.05%
PSMT	B	0.05%
BDC	B	0.05%
DG	F	0.05%
SRCE	C	0.05%
PRIM	B	0.05%
OEC	F	0.05%
DEA	B	0.05%
AR	F	0.04%
FOXF	D	0.04%
KALU	F	0.04%
BJ	D	0.04%
BLMN	F	0.04%
STRA	F	0.04%
LSTR	D	0.04%
PARA	F	0.04%
NEOG	D	0.04%
MTX	D	0.04%
SUM	D	0.04%
FUL	C	0.04%
SHOO	B	0.03%
PGRE	C	0.03%
FBP	C	0.03%
LXP	B	0.03%
NNI	B	0.03%
MWA	B	0.03%
HNI	C	0.03%
BHLB	B	0.03%
NBTB	D	0.03%
CWEN	C	0.03%
FBK	B	0.03%
JBGS	C	0.03%
BOOT	A	0.03%
BMBL	F	0.03%
CBU	C	0.03%
PFS	B	0.03%
LTH	B	0.03%
HI	F	0.02%
GO	F	0.02%
DK	F	0.02%
OXM	F	0.02%
SCL	D	0.02%
CAKE	C	0.02%
THRM	D	0.02%
WOR	D	0.02%
OII	D	0.02%
CMTG	D	0.02%
AIN	D	0.02%
ATUS	C	0.02%
PPBI	D	0.02%

FAB Underweight 637 Positions Relative to HKND

Symbol	Grade	Weight
PG	C	-4.15%
GOOGL	D	-3.6%
MSFT	C	-2.3%
AAPL	C	-2.14%
LLY	C	-2.04%
ABBV	C	-1.96%
MRK	D	-1.81%
PFE	C	-1.63%
CL	D	-1.41%
BDX	D	-1.15%
SYK	C	-1.15%
AMGN	B	-1.08%
UNH	C	-0.98%
GEHC	C	-0.93%
ECL	B	-0.91%
TMO	B	-0.89%
DELL	D	-0.89%
BAX	C	-0.88%
BMY	C	-0.88%
GILD	B	-0.74%
BSX	B	-0.73%
JPM	D	-0.7%
VRTX	D	-0.6%
DHR	B	-0.59%
AMZN	C	-0.58%
IQV	C	-0.52%
INGR	B	-0.49%
MCK	F	-0.44%
PEP	C	-0.41%
CHD	D	-0.37%
TMUS	C	-0.37%
HD	B	-0.36%
VLTO	C	-0.35%
ISRG	B	-0.32%
CAH	C	-0.31%
MRNA	F	-0.29%
HOLX	B	-0.28%
EW	F	-0.28%
FELE	C	-0.25%
IBM	B	-0.25%
CLX	C	-0.24%
ALL	B	-0.22%
PGR	B	-0.22%
RMD	C	-0.21%
WBA	F	-0.21%
MET	B	-0.2%
AXP	B	-0.2%
DIS	D	-0.19%
SOLV	C	-0.17%
ORCL	C	-0.17%
ZWS	A	-0.16%
V	C	-0.16%
CTLT	B	-0.15%
A	C	-0.15%
FSLR	C	-0.15%
TSLA	C	-0.15%
AVTR	B	-0.15%
AMAT	D	-0.14%
MMC	C	-0.13%
DXCM	F	-0.13%
MA	B	-0.12%
ENPH	D	-0.12%
RUN	C	-0.12%
DVA	B	-0.12%
COST	B	-0.11%
BK	B	-0.11%
RPRX	C	-0.11%
AHCO	C	-0.11%
FLO	C	-0.1%
WDC	D	-0.1%
MAN	C	-0.1%
TXN	C	-0.1%
TITN	F	-0.1%
LUMN	C	-0.1%
TFC	C	-0.1%
AVGO	C	-0.1%
FTRE	D	-0.1%
MU	F	-0.1%
BIO	C	-0.09%
LRCX	F	-0.09%
CRL	F	-0.09%
ILMN	C	-0.09%
BMRN	F	-0.09%
ALNY	C	-0.09%
GLW	C	-0.09%
ACM	B	-0.08%
CDW	D	-0.08%
ALG	D	-0.08%
ITGR	A	-0.08%
NVDA	D	-0.08%
EMBC	C	-0.08%
NFLX	B	-0.08%
POST	C	-0.08%
MTD	D	-0.08%
AVB	B	-0.07%
NBIX	F	-0.07%
KD	D	-0.07%
DFS	B	-0.07%
ADP	B	-0.07%
SCHW	D	-0.07%
PHM	B	-0.07%
UAN	D	-0.07%
AMP	A	-0.07%
MMSI	B	-0.07%
CRM	D	-0.07%
PODD	B	-0.07%
LXU	D	-0.07%
MASI	F	-0.07%
RDNT	B	-0.07%
BRKR	D	-0.06%
FOX	B	-0.06%
GMED	D	-0.06%
MMM	B	-0.06%
SRPT	D	-0.06%
HAE	F	-0.06%
BKNG	C	-0.06%
CNMD	D	-0.06%
AMD	D	-0.06%
WST	D	-0.06%
ACI	F	-0.06%
IFF	B	-0.06%
WAT	C	-0.06%
TECH	C	-0.06%
TJX	B	-0.06%
TOL	B	-0.05%
SMG	C	-0.05%
KLAC	D	-0.05%
GWW	B	-0.05%
EQH	C	-0.05%
NVR	B	-0.05%
PCVX	C	-0.05%
OPK	C	-0.05%
INVH	C	-0.05%
AVNS	B	-0.05%
SQ	D	-0.05%
SUI	B	-0.05%
ADBE	F	-0.05%
MAR	C	-0.05%
WM	D	-0.05%
TNDM	C	-0.04%
FIS	B	-0.04%
WMG	D	-0.04%
SCSC	D	-0.04%
VKTX	C	-0.04%
EXPE	C	-0.04%
RSG	D	-0.04%
EXAS	C	-0.04%
AZO	D	-0.04%
ORLY	C	-0.04%
NTRS	A	-0.04%
CTAS	B	-0.04%
UNFI	C	-0.04%
ADI	C	-0.04%
OPCH	C	-0.04%
IONS	F	-0.04%
AMT	C	-0.04%
MEDP	F	-0.04%
SWK	B	-0.04%
NOVT	D	-0.04%
HUN	D	-0.04%
AJG	D	-0.04%
ESS	B	-0.04%
TTC	D	-0.04%
AWR	B	-0.04%
APH	D	-0.04%
ROKU	C	-0.04%
EXEL	C	-0.04%
SHW	B	-0.04%
PEN	D	-0.04%
HWKN	C	-0.03%
CG	D	-0.03%
FAST	C	-0.03%
AMED	C	-0.03%
OPEN	D	-0.03%
CME	C	-0.03%
CHE	C	-0.03%
ROST	C	-0.03%
APLS	F	-0.03%
MCO	B	-0.03%
UNP	C	-0.03%
SMMT	C	-0.03%
NEO	C	-0.03%
ITW	C	-0.03%
PLD	C	-0.03%
LYV	B	-0.03%
ENR	D	-0.03%
ON	D	-0.03%
SPG	B	-0.03%
OFIX	D	-0.03%
RVMD	C	-0.03%
FLGT	D	-0.03%
TWI	D	-0.03%
INTU	C	-0.03%
ENSG	B	-0.03%
NSP	F	-0.03%
MD	C	-0.03%
NWS	D	-0.03%
HALO	C	-0.03%
BBIO	D	-0.03%
IRDM	D	-0.03%
ZBRA	B	-0.03%
AMRX	B	-0.03%
CPT	B	-0.03%
LBRDA	F	-0.03%
TDS	C	-0.03%
IT	B	-0.03%
SPGI	B	-0.03%
CYTK	F	-0.03%
BPMC	F	-0.03%
EMR	D	-0.03%
LNTH	D	-0.03%
ICE	C	-0.03%
ELS	C	-0.03%
AMH	C	-0.03%
NTAP	D	-0.03%
ITCI	D	-0.03%
RKT	C	-0.03%
GME	F	-0.03%
CR	C	-0.03%
EL	F	-0.03%
LPLA	D	-0.03%
UDR	C	-0.03%
PH	B	-0.03%
SGRY	C	-0.03%
ATR	B	-0.02%
ANET	B	-0.02%
ULTA	D	-0.02%
TTEK	C	-0.02%
ARWR	F	-0.02%
SNPS	D	-0.02%
ALGN	D	-0.02%
PTCT	C	-0.02%
MRVI	D	-0.02%
IBKR	B	-0.02%
IOVA	C	-0.02%
HST	C	-0.02%
SRCL	A	-0.02%
NATL	D	-0.02%
CLDX	C	-0.02%
GH	D	-0.02%
SWTX	F	-0.02%
NWL	C	-0.02%
CORT	C	-0.02%
FCN	D	-0.02%
EFX	B	-0.02%
FOLD	D	-0.02%
SMPL	D	-0.02%
XRAY	D	-0.02%
GKOS	C	-0.02%
UTZ	C	-0.02%
EME	B	-0.02%
TPG	B	-0.02%
AMRK	C	-0.02%
OTIS	C	-0.02%
CRNX	C	-0.02%
AXSM	C	-0.02%
LECO	F	-0.02%
ATRC	C	-0.02%
HAIN	D	-0.02%
BR	D	-0.02%
DOX	C	-0.02%
DLR	B	-0.02%
ALIT	D	-0.02%
MAS	B	-0.02%
SMCI	F	-0.02%
TXG	D	-0.02%
INSM	D	-0.02%
PWR	B	-0.02%
ACAD	F	-0.02%
EA	D	-0.02%
MDGL	F	-0.02%
NDAQ	A	-0.02%
ZG	B	-0.02%
IDXX	C	-0.02%
COMP	C	-0.02%
RARE	B	-0.02%
PFSI	C	-0.02%
BKD	D	-0.02%
ENTG	F	-0.02%
ROK	D	-0.02%
BLDR	C	-0.02%
BRO	C	-0.02%
KRYS	D	-0.02%
NOW	B	-0.02%
CCI	C	-0.02%
WMS	D	-0.02%
JJSF	C	-0.02%
TNET	F	-0.02%
AZTA	F	-0.02%
PAYX	C	-0.02%
HLT	B	-0.02%
GFS	F	-0.02%
WSO	C	-0.02%
KMPR	D	-0.02%
EQIX	C	-0.02%
KELYA	D	-0.02%
SF	A	-0.02%
SIRI	C	-0.02%
MSI	B	-0.02%
APO	C	-0.02%
CSL	B	-0.02%
CHWY	C	-0.02%
WELL	C	-0.02%
NUVL	C	-0.02%
WTS	C	-0.02%
MCHP	F	-0.02%
THG	B	-0.02%
MPWR	C	-0.01%
FLS	D	-0.01%
COTY	F	-0.01%
TOST	C	-0.01%
KE	F	-0.01%
SRRK	F	-0.01%
NSC	C	-0.01%
FIVE	D	-0.01%
PRLB	F	-0.01%
UI	B	-0.01%
EXR	B	-0.01%
USPH	F	-0.01%
DLB	D	-0.01%
WH	B	-0.01%
NYT	C	-0.01%
YORW	D	-0.01%
FIX	B	-0.01%
FRPT	B	-0.01%
VZIO	B	-0.01%
SSYS	F	-0.01%
SAGE	F	-0.01%
MIRM	D	-0.01%
RGNX	F	-0.01%
SATS	C	-0.01%
DBX	D	-0.01%
RLAY	D	-0.01%
AVO	B	-0.01%
SIBN	D	-0.01%
BRX	B	-0.01%
PGNY	F	-0.01%
LFST	C	-0.01%
REG	C	-0.01%
SILK	A	-0.01%
MC	B	-0.01%
TYL	C	-0.01%
FICO	B	-0.01%
ANSS	D	-0.01%
KNF	B	-0.01%
VNT	F	-0.01%
UCTT	F	-0.01%
BCRX	C	-0.01%
APG	D	-0.01%
DAY	D	-0.01%
HURN	C	-0.01%
KIDS	D	-0.01%
CNM	F	-0.01%
GSAT	F	-0.01%
CGEM	D	-0.01%
ACIW	B	-0.01%
RLI	B	-0.01%
SYNA	F	-0.01%
HAS	B	-0.01%
DAWN	D	-0.01%
GRBK	B	-0.01%
MTN	D	-0.01%
DYN	D	-0.01%
FDMT	F	-0.01%
PSTG	F	-0.01%
AKRO	C	-0.01%
MDXG	F	-0.01%
TVTX	B	-0.01%
PIPR	B	-0.01%
FDS	C	-0.01%
TRUP	C	-0.01%
ACT	B	-0.01%
FG	D	-0.01%
CBSH	C	-0.01%
CCRN	F	-0.01%
KURA	D	-0.01%
TDC	F	-0.01%
COIN	F	-0.01%
TDOC	D	-0.01%
NGVT	D	-0.01%
VEEV	C	-0.01%
CFR	C	-0.01%
PAYC	D	-0.01%
EXLS	B	-0.01%
CRVL	B	-0.01%
ASIX	C	-0.01%
MNKD	C	-0.01%
XYL	C	-0.01%
BRC	C	-0.01%
IR	C	-0.01%
CC	F	-0.01%
PTGX	C	-0.01%
IDT	C	-0.01%
VRSN	D	-0.01%
RYAN	D	-0.01%
IOSP	D	-0.01%
BEAM	F	-0.01%
IMVT	D	-0.01%
MTCH	C	-0.01%
CSX	D	-0.01%
MSM	D	-0.01%
TARS	C	-0.01%
IRT	B	-0.01%
MORN	C	-0.01%
JKHY	B	-0.01%
SITE	C	-0.01%
FNA	F	-0.01%
AXNX	B	-0.01%
RXRX	F	-0.01%
AGIO	C	-0.01%
TTMI	D	-0.01%
CRSR	F	-0.01%
ALB	D	-0.01%
LAMR	B	-0.01%
RCM	C	-0.01%
ADMA	B	-0.01%
SNDX	F	-0.01%
FND	C	-0.01%
MSCI	C	-0.01%
SXT	C	-0.01%
PINC	C	-0.01%
EWTX	B	-0.01%
SBAC	C	-0.01%
AXTA	B	-0.01%
ASTH	B	-0.01%
ANIP	D	-0.01%
HUBB	B	-0.01%
CDNS	D	-0.01%
EXPI	C	-0.01%
DFH	C	-0.01%
NTLA	F	-0.01%
DOC	C	-0.01%
LMAT	C	-0.01%
AOS	D	-0.01%
SANA	F	-0.01%
ARDX	D	-0.01%
AIV	B	-0.01%
TNC	F	-0.01%
ACHC	C	-0.01%
RNA	C	-0.01%
CPRX	A	-0.01%
TTWO	C	-0.01%
FL	D	-0.01%
IRM	C	-0.01%
GNRC	D	-0.01%
HRB	C	-0.01%
TNL	D	-0.01%
JBSS	D	-0.01%
RCKT	D	-0.01%
GERN	D	-0.01%
BGC	B	-0.01%
COLL	C	-0.01%
TRMB	C	-0.01%
QRVO	F	-0.01%
ICFI	B	-0.01%
VRT	C	-0.01%
CIEN	C	-0.01%
COHR	C	-0.01%
IRWD	F	-0.01%
FTV	C	-0.01%
DVAX	D	-0.01%
TWST	D	-0.01%
STGW	B	-0.01%
KEYS	C	-0.01%
O	C	-0.01%
RRX	C	-0.01%
FFIV	B	-0.01%
CSTL	C	-0.01%
BURL	B	-0.01%
XNCR	C	-0.01%
ARVN	F	-0.01%
CGON	C	-0.01%
VERA	C	-0.01%
HHH	C	-0.01%
BHE	D	-0.01%
ESI	D	-0.01%
ADSK	C	-0.01%
AME	C	-0.01%
FCNCA	D	-0.01%
HRMY	B	-0.01%
RYTM	B	-0.01%
LGF.A	F	-0.01%
KROS	C	-0.01%
VCEL	D	-0.01%
EVH	C	-0.01%
H	C	-0.01%
AIT	A	-0.01%
AGL	F	-0.01%
KYMR	C	-0.01%
SPTN	C	-0.01%
CLH	A	-0.01%
UWMC	D	-0.01%
KO	C	-0.01%
PRVA	F	-0.01%
NTRA	C	-0.01%
NARI	F	-0.01%
TRU	B	-0.01%
ABNB	D	-0.01%
BGS	D	-0.01%
HOV	C	-0.01%
NVAX	D	-0.01%
ATEC	F	-0.01%
GDDY	C	-0.01%
URI	B	-0.01%
ACLX	B	-0.01%
RGEN	F	-0.01%
ERIE	B	-0.01%
JANX	C	-0.01%
CNDT	C	-0.01%
EEFT	D	-0.01%
CSGP	D	-0.01%
NSIT	D	-0.01%
TGTX	C	-0.01%
VIR	F	-0.01%
UFPT	B	-0.01%
ARES	B	-0.01%
ESAB	C	-0.01%
MYGN	C	-0.01%
AKAM	D	-0.01%
IDYA	F	-0.01%
TER	D	-0.01%
VRSK	D	-0.01%
JNPR	B	-0.01%
FTNT	C	-0.01%
DNLI	C	-0.01%
EDR	A	-0.01%
MRVL	C	-0.01%
EVR	A	-0.01%
SUPN	C	-0.01%
INSP	C	-0.01%
ROP	C	-0.01%
PANW	D	-0.01%
AMPH	C	-0.01%
MSEX	C	-0.01%
SCI	B	-0.01%
BXP	B	-0.01%
WDAY	D	-0.01%
PSA	B	-0.01%
BCO	B	-0.01%
SCLX	F	-0.0%
VIRT	C	-0.0%
OABI	D	-0.0%
BLFS	C	-0.0%
QTRX	D	-0.0%
PRME	F	-0.0%
ABSI	D	-0.0%
ABUS	C	-0.0%
CELC	F	-0.0%
ALT	D	-0.0%
APLT	D	-0.0%
LYEL	D	-0.0%
ORIC	D	-0.0%
CTKB	F	-0.0%
FORM	F	-0.0%
OLMA	D	-0.0%
LQDA	F	-0.0%
ALGM	F	-0.0%
MNMD	F	-0.0%
STOK	C	-0.0%
PLAB	F	-0.0%
SVRA	D	-0.0%
OSCR	B	-0.0%
TW	B	-0.0%
SIGA	D	-0.0%
EYPT	D	-0.0%
MSGS	B	-0.0%
CRAI	D	-0.0%
YMAB	C	-0.0%
ALEC	C	-0.0%
AEIS	D	-0.0%
NUVB	D	-0.0%
NDSN	C	-0.0%
PHAT	C	-0.0%
BSY	D	-0.0%
ZEUS	F	-0.0%
CNS	B	-0.0%
SPRY	C	-0.0%
STEP	B	-0.0%
IRON	D	-0.0%
ITRI	C	-0.0%
MMI	C	-0.0%
TTD	B	-0.0%
ANAB	C	-0.0%
ARCT	F	-0.0%
LBPH	D	-0.0%
GGG	C	-0.0%
IBP	D	-0.0%
HSII	C	-0.0%
GBCI	B	-0.0%
VRDN	C	-0.0%
CHH	C	-0.0%
HZO	C	-0.0%
AZZ	D	-0.0%
MLYS	D	-0.0%
ETNB	F	-0.0%
CBT	B	-0.0%
PLRX	F	-0.0%
GOLF	D	-0.0%
COGT	C	-0.0%
CBZ	F	-0.0%
PCTY	C	-0.0%
VCYT	B	-0.0%
GIC	D	-0.0%
SAVA	C	-0.0%
NRIX	C	-0.0%
ANF	D	-0.0%
TMCI	F	-0.0%
SONO	D	-0.0%
ONTO	D	-0.0%
PLAY	F	-0.0%
PTC	D	-0.0%
ITT	B	-0.0%
TRIP	F	-0.0%
OCUL	C	-0.0%
TKO	B	-0.0%
DCI	C	-0.0%
CNA	C	-0.0%
IMNM	D	-0.0%
BBSI	B	-0.0%
TYRA	C	-0.0%
CARR	B	-0.0%
APP	C	-0.0%
EOLS	C	-0.0%
PJT	B	-0.0%
IEX	D	-0.0%
SFM	B	-0.0%
UFCS	D	-0.0%
GTES	C	-0.0%
FRT	C	-0.0%
UVE	C	-0.0%
PNTG	B	-0.0%
ARQT	C	-0.0%
RCUS	C	-0.0%
FOUR	C	-0.0%
IRTC	F	-0.0%
SLAB	D	-0.0%
ELVN	D	-0.0%