FAB vs. ONEO ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to SPDR Russell 1000 Momentum Focus ETF (ONEO)

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

ONEO

SPDR Russell 1000 Momentum Focus ETF

ONEO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$127.04

Average Daily Volume

2,289

Number of Holdings ^*

888

* may have additional holdings in another (foreign) market

Performance

Period	FAB	ONEO
30 Days	6.40%	6.95%
60 Days	5.80%	7.48%
90 Days	6.32%	9.35%
12 Months	27.56%	32.32%

342 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in ONEO	Overlap
	AAP	C	0.18%	0.05%	0.05%
	ACN	C	0.09%	0.05%	0.05%
	ADM	D	0.38%	0.29%	0.29%
	ADTN	A	0.18%	0.01%	0.01%
	AEE	A	0.36%	0.05%	0.05%
	AEP	D	0.23%	0.12%	0.12%
	AFG	A	0.05%	0.11%	0.05%
	AFL	B	0.25%	0.21%	0.21%
	AGCO	D	0.08%	0.03%	0.03%
	AGO	B	0.25%	0.17%	0.17%
	AIG	B	0.45%	0.07%	0.07%
	AIZ	A	0.09%	0.1%	0.09%
	AKAM	D	0.22%	0.12%	0.12%
	AL	B	0.23%	0.07%	0.07%
	ALK	C	0.15%	0.1%	0.1%
	ALLY	C	0.36%	0.04%	0.04%
	AMG	B	0.23%	0.22%	0.22%
	AMKR	D	0.15%	0.1%	0.1%
	AN	C	0.12%	0.03%	0.03%
	APA	D	0.2%	0.03%	0.03%
	APD	A	0.09%	0.07%	0.07%
	APTV	D	0.33%	0.03%	0.03%
	AR	B	0.09%	0.04%	0.04%
	ARE	D	0.16%	0.01%	0.01%
	ARW	D	0.15%	0.02%	0.02%
	ASH	D	0.12%	0.02%	0.02%
	ATO	A	0.36%	0.18%	0.18%
	AWK	D	0.08%	0.03%	0.03%
	AXS	A	0.14%	0.06%	0.06%
	BAC	A	0.3%	0.02%	0.02%
	BBWI	D	0.17%	0.13%	0.13%
	BBY	D	0.23%	0.18%	0.18%
	BC	C	0.12%	0.04%	0.04%
	BEN	C	0.18%	0.02%	0.02%
	BERY	B	0.14%	0.04%	0.04%
	BG	F	0.4%	0.13%	0.13%
	BJ	A	0.05%	0.41%	0.05%
	BKR	B	0.3%	0.24%	0.24%
	BLDR	D	0.24%	0.44%	0.24%
	BOKF	B	0.09%	0.0%	0.0%
	BPOP	B	0.04%	0.04%	0.04%
	BWA	D	0.2%	0.12%	0.12%
	BYD	C	0.15%	0.07%	0.07%
	C	A	0.38%	0.01%	0.01%
	CAG	D	0.07%	0.03%	0.03%
	CARR	D	0.16%	0.14%	0.14%
	CB	C	0.35%	0.19%	0.19%
	CC	C	0.02%	0.04%	0.02%
	CE	F	0.24%	0.16%	0.16%
	CF	B	0.35%	0.17%	0.17%
	CFG	B	0.4%	0.1%	0.1%
	CHRD	D	0.22%	0.24%	0.22%
	CHTR	C	0.31%	0.14%	0.14%
	CI	F	0.08%	0.25%	0.08%
	CINF	A	0.48%	0.37%	0.37%
	CIVI	D	0.22%	0.04%	0.04%
	CLF	F	0.15%	0.07%	0.07%
	CLX	B	0.09%	0.03%	0.03%
	CMA	A	0.1%	0.08%	0.08%
	CMCSA	B	0.45%	0.09%	0.09%
	CMI	A	0.1%	0.41%	0.1%
	CMS	C	0.17%	0.09%	0.09%
	CNC	D	0.27%	0.37%	0.27%
	CNP	B	0.36%	0.13%	0.13%
	COF	B	0.43%	0.32%	0.32%
	COLB	A	0.15%	0.03%	0.03%
	COLM	B	0.09%	0.07%	0.07%
	COP	C	0.47%	0.15%	0.15%
	CPB	D	0.08%	0.05%	0.05%
	CRBG	B	0.37%	0.03%	0.03%
	CRI	D	0.06%	0.04%	0.04%
	CRL	C	0.09%	0.03%	0.03%
	CSCO	B	0.19%	0.08%	0.08%
	CSX	B	0.18%	0.07%	0.07%
	CTRA	B	0.46%	0.18%	0.18%
	CTSH	B	0.37%	0.38%	0.37%
	CTVA	C	0.08%	0.04%	0.04%
	CUZ	B	0.09%	0.01%	0.01%
	CVS	D	0.38%	0.15%	0.15%
	CVX	A	0.48%	0.05%	0.05%
	CWEN	C	0.02%	0.01%	0.01%
	CXT	B	0.05%	0.03%	0.03%
	CZR	F	0.04%	0.01%	0.01%
	D	C	0.25%	0.1%	0.1%
	DAL	C	0.56%	0.57%	0.56%
	DD	D	0.08%	0.1%	0.08%
	DDS	B	0.19%	0.06%	0.06%
	DE	A	0.24%	0.08%	0.08%
	DG	F	0.32%	0.05%	0.05%
	DGX	A	0.26%	0.1%	0.1%
	DHI	D	0.3%	0.58%	0.3%
	DINO	D	0.21%	0.13%	0.13%
	DIS	B	0.2%	0.02%	0.02%
	DNB	B	0.05%	0.01%	0.01%
	DOC	D	0.16%	0.01%	0.01%
	DOW	F	0.21%	0.07%	0.07%
	DRI	B	0.18%	0.14%	0.14%
	DTE	C	0.24%	0.06%	0.06%
	DUK	C	0.24%	0.11%	0.11%
	DVN	F	0.44%	0.17%	0.17%
	DXC	B	0.18%	0.13%	0.13%
	EBAY	D	0.24%	0.27%	0.24%
	ED	D	0.32%	0.11%	0.11%
	EG	C	0.41%	0.3%	0.3%
	EIX	B	0.16%	0.13%	0.13%
	ELV	F	0.14%	0.15%	0.14%
	EMN	D	0.12%	0.16%	0.12%
	ENOV	C	0.05%	0.01%	0.01%
	EOG	A	0.48%	0.33%	0.33%
	EPAM	C	0.05%	0.27%	0.05%
	EQR	B	0.25%	0.05%	0.05%
	EQT	B	0.41%	0.01%	0.01%
	ETR	B	0.39%	0.27%	0.27%
	EVRG	A	0.17%	0.07%	0.07%
	EXC	C	0.33%	0.08%	0.08%
	EXPD	D	0.08%	0.08%	0.08%
	F	C	0.46%	0.09%	0.09%
	FAF	A	0.04%	0.02%	0.02%
	FANG	D	0.37%	0.52%	0.37%
	FBIN	D	0.04%	0.06%	0.04%
	FDX	B	0.37%	0.22%	0.22%
	FE	C	0.16%	0.08%	0.08%
	FHB	A	0.06%	0.01%	0.01%
	FHN	A	0.17%	0.07%	0.07%
	FITB	A	0.28%	0.13%	0.13%
	FIVE	F	0.09%	0.02%	0.02%
	FMC	D	0.18%	0.01%	0.01%
	FNB	A	0.15%	0.03%	0.03%
	FNF	B	0.17%	0.1%	0.1%
	FOXA	B	0.49%	0.1%	0.1%
	FTV	C	0.08%	0.07%	0.07%
	G	B	0.2%	0.03%	0.03%
	GD	F	0.08%	0.15%	0.08%
	GIS	D	0.15%	0.06%	0.06%
	GL	B	0.13%	0.17%	0.13%
	GM	B	0.56%	0.33%	0.33%
	GO	C	0.05%	0.05%	0.05%
	GPC	D	0.15%	0.11%	0.11%
	GXO	B	0.05%	0.02%	0.02%
	HAL	C	0.45%	0.15%	0.15%
	HAYW	B	0.03%	0.01%	0.01%
	HBAN	A	0.42%	0.1%	0.1%
	HD	A	0.09%	0.05%	0.05%
	HIG	B	0.35%	0.32%	0.32%
	HII	D	0.1%	0.14%	0.1%
	HIW	D	0.09%	0.03%	0.03%
	HOG	D	0.18%	0.09%	0.09%
	HOLX	D	0.08%	0.02%	0.02%
	HPE	B	0.46%	0.23%	0.23%
	HPQ	B	0.18%	0.16%	0.16%
	HRL	D	0.24%	0.02%	0.02%
	HSIC	B	0.04%	0.01%	0.01%
	HST	C	0.17%	0.16%	0.16%
	HSY	F	0.16%	0.02%	0.02%
	HUM	C	0.16%	0.29%	0.16%
	IAC	D	0.04%	0.01%	0.01%
	IDA	A	0.1%	0.03%	0.03%
	IEX	B	0.09%	0.06%	0.06%
	INGR	B	0.14%	0.24%	0.14%
	INTC	D	0.37%	0.02%	0.02%
	IP	B	0.3%	0.22%	0.22%
	IPG	D	0.08%	0.05%	0.05%
	IPGP	D	0.07%	0.02%	0.02%
	IVZ	B	0.04%	0.01%	0.01%
	J	F	0.09%	0.17%	0.09%
	JAZZ	B	0.19%	0.04%	0.04%
	JBHT	C	0.19%	0.06%	0.06%
	JBL	B	0.14%	0.55%	0.14%
	JEF	A	0.05%	0.01%	0.01%
	JNJ	D	0.16%	0.03%	0.03%
	JWN	C	0.09%	0.06%	0.06%
	KDP	D	0.16%	0.03%	0.03%
	KEY	B	0.2%	0.09%	0.09%
	KEYS	A	0.08%	0.15%	0.08%
	KHC	F	0.23%	0.06%	0.06%
	KIM	A	0.19%	0.04%	0.04%
	KMI	A	0.42%	0.11%	0.11%
	KNX	B	0.09%	0.01%	0.01%
	KR	B	0.36%	0.35%	0.35%
	KRC	C	0.18%	0.02%	0.02%
	KSS	F	0.11%	0.03%	0.03%
	L	A	0.37%	0.11%	0.11%
	LAD	A	0.2%	0.02%	0.02%
	LBRDK	C	0.2%	0.02%	0.02%
	LEA	D	0.19%	0.07%	0.07%
	LEN	D	0.4%	0.03%	0.03%
	LEN	D	0.4%	0.66%	0.4%
	LFUS	F	0.04%	0.03%	0.03%
	LH	C	0.09%	0.14%	0.09%
	LHX	C	0.09%	0.05%	0.05%
	LKQ	D	0.13%	0.05%	0.05%
	LMT	D	0.08%	0.07%	0.07%
	LNG	B	0.41%	0.04%	0.04%
	LNT	A	0.25%	0.05%	0.05%
	LOW	D	0.08%	0.1%	0.08%
	LPX	B	0.09%	0.04%	0.04%
	LSTR	D	0.04%	0.04%	0.04%
	LUV	C	0.28%	0.18%	0.18%
	LYB	F	0.38%	0.1%	0.1%
	M	D	0.17%	0.12%	0.12%
	MAA	B	0.08%	0.03%	0.03%
	MAS	D	0.08%	0.2%	0.08%
	MAT	D	0.04%	0.08%	0.04%
	MDLZ	F	0.08%	0.05%	0.05%
	MDT	D	0.08%	0.04%	0.04%
	MDU	D	0.16%	0.05%	0.05%
	MGM	D	0.04%	0.08%	0.04%
	MIDD	C	0.08%	0.02%	0.02%
	MOH	F	0.16%	0.24%	0.16%
	MOS	F	0.17%	0.03%	0.03%
	MPC	D	0.42%	0.29%	0.29%
	MSM	C	0.09%	0.05%	0.05%
	MTB	A	0.31%	0.12%	0.12%
	MTDR	B	0.26%	0.11%	0.11%
	MTG	C	0.21%	0.24%	0.21%
	MUSA	A	0.05%	0.19%	0.05%
	NDSN	B	0.08%	0.03%	0.03%
	NFG	A	0.17%	0.11%	0.11%
	NI	A	0.27%	0.11%	0.11%
	NKE	D	0.07%	0.03%	0.03%
	NOV	C	0.22%	0.06%	0.06%
	NUE	C	0.43%	0.38%	0.38%
	NVR	D	0.17%	0.34%	0.17%
	NWSA	B	0.19%	0.1%	0.1%
	NXST	C	0.13%	0.12%	0.12%
	OC	A	0.39%	0.45%	0.39%
	ODFL	B	0.1%	0.17%	0.1%
	OGE	B	0.13%	0.08%	0.08%
	OGN	D	0.1%	0.03%	0.03%
	OLN	D	0.11%	0.08%	0.08%
	OMC	C	0.09%	0.16%	0.09%
	OMF	A	0.15%	0.11%	0.11%
	ON	D	0.32%	0.08%	0.08%
	ORI	A	0.09%	0.1%	0.09%
	OSK	B	0.24%	0.19%	0.19%
	OVV	B	0.25%	0.06%	0.06%
	OXY	D	0.43%	0.09%	0.09%
	OZK	B	0.19%	0.07%	0.07%
	PAG	B	0.13%	0.02%	0.02%
	PB	A	0.1%	0.02%	0.02%
	PCAR	B	0.51%	0.33%	0.33%
	PEP	F	0.08%	0.02%	0.02%
	PFG	D	0.09%	0.03%	0.03%
	PFGC	B	0.05%	0.45%	0.05%
	PHM	D	0.39%	0.79%	0.39%
	PII	D	0.1%	0.01%	0.01%
	PINC	B	0.14%	0.01%	0.01%
	PK	B	0.13%	0.02%	0.02%
	PKG	A	0.19%	0.2%	0.19%
	PNC	B	0.2%	0.09%	0.09%
	PNFP	B	0.05%	0.07%	0.05%
	PNW	B	0.18%	0.06%	0.06%
	POST	C	0.12%	0.07%	0.07%
	PPG	F	0.16%	0.04%	0.04%
	PPL	B	0.26%	0.11%	0.11%
	PRGO	B	0.04%	0.03%	0.03%
	PRU	A	0.18%	0.07%	0.07%
	PSX	C	0.43%	0.15%	0.15%
	PVH	C	0.22%	0.21%	0.21%
	PYPL	B	0.09%	0.17%	0.09%
	R	B	0.2%	0.19%	0.19%
	REYN	D	0.08%	0.02%	0.02%
	RF	A	0.29%	0.1%	0.1%
	RGA	A	0.18%	0.1%	0.1%
	RHI	B	0.05%	0.08%	0.05%
	RJF	A	0.23%	0.03%	0.03%
	RNR	C	0.2%	0.37%	0.2%
	RRC	B	0.19%	0.03%	0.03%
	RS	B	0.47%	0.23%	0.23%
	RYN	D	0.04%	0.02%	0.02%
	SAM	C	0.03%	0.02%	0.02%
	SBUX	A	0.09%	0.06%	0.06%
	SEB	F	0.11%	0.01%	0.01%
	SEE	C	0.04%	0.01%	0.01%
	SEIC	B	0.1%	0.12%	0.1%
	SJM	D	0.12%	0.02%	0.02%
	SKX	D	0.08%	0.25%	0.08%
	SLB	C	0.36%	0.12%	0.12%
	SLGN	A	0.09%	0.03%	0.03%
	SLM	A	0.09%	0.04%	0.04%
	SNA	A	0.32%	0.27%	0.27%
	SNDR	B	0.08%	0.01%	0.01%
	SNX	C	0.12%	0.19%	0.12%
	SOLV	C	0.17%	0.34%	0.17%
	SON	D	0.12%	0.03%	0.03%
	SPB	C	0.07%	0.05%	0.05%
	SRE	A	0.38%	0.14%	0.14%
	SSNC	B	0.17%	0.07%	0.07%
	STLD	B	0.48%	0.44%	0.44%
	STT	A	0.27%	0.04%	0.04%
	STWD	C	0.04%	0.01%	0.01%
	SWKS	F	0.3%	0.28%	0.28%
	SYF	B	0.57%	0.54%	0.54%
	SYY	B	0.24%	0.23%	0.23%
	T	A	0.44%	0.17%	0.17%
	TAP	C	0.23%	0.07%	0.07%
	TDY	B	0.28%	0.06%	0.06%
	TGT	F	0.25%	0.13%	0.13%
	THO	B	0.13%	0.11%	0.11%
	TKR	D	0.08%	0.05%	0.05%
	TOL	B	0.43%	0.55%	0.43%
	TPR	B	0.05%	0.34%	0.05%
	TROW	B	0.48%	0.12%	0.12%
	TRV	B	0.28%	0.16%	0.16%
	TSN	B	0.19%	0.25%	0.19%
	TTC	D	0.04%	0.02%	0.02%
	TXT	D	0.25%	0.18%	0.18%
	UAL	A	0.7%	0.16%	0.16%
	UGI	A	0.2%	0.01%	0.01%
	UHAL	D	0.07%	0.06%	0.06%
	UHAL	D	0.07%	0.0%	0.0%
	UHS	D	0.15%	0.22%	0.15%
	ULTA	F	0.25%	0.17%	0.17%
	UNM	A	0.21%	0.14%	0.14%
	UPS	C	0.08%	0.05%	0.05%
	USB	A	0.28%	0.07%	0.07%
	VAC	B	0.13%	0.0%	0.0%
	VLO	C	0.45%	0.28%	0.28%
	VNT	B	0.1%	0.06%	0.06%
	VOYA	B	0.04%	0.02%	0.02%
	VSTS	C	0.09%	0.06%	0.06%
	VTRS	A	0.38%	0.17%	0.17%
	VZ	C	0.32%	0.12%	0.12%
	WAL	B	0.05%	0.04%	0.04%
	WBS	A	0.17%	0.07%	0.07%
	WCC	B	0.16%	0.21%	0.16%
	WEC	A	0.17%	0.07%	0.07%
	WFC	A	0.45%	0.05%	0.05%
	WHR	B	0.14%	0.01%	0.01%
	WLK	D	0.15%	0.05%	0.05%
	WPC	D	0.08%	0.03%	0.03%
	WRB	A	0.09%	0.19%	0.09%
	WTFC	A	0.1%	0.07%	0.07%
	WTRG	B	0.09%	0.03%	0.03%
	WU	D	0.11%	0.13%	0.11%
	WY	D	0.08%	0.05%	0.05%
	XEL	A	0.37%	0.1%	0.1%
	XOM	B	0.45%	0.03%	0.03%
	YETI	C	0.05%	0.07%	0.05%
	ZBH	C	0.35%	0.03%	0.03%
	ZION	B	0.16%	0.07%	0.07%
	ZM	B	0.21%	0.06%	0.06%

FAB Overweight 325 Positions Relative to ONEO

	Symbol	Grade	Weight
	MS	A	0.32%
	NOG	A	0.25%
	CNX	A	0.25%
	JXN	C	0.24%
	SM	B	0.24%
	HP	B	0.24%
	STX	D	0.23%
	ATKR	C	0.23%
	PTEN	C	0.23%
	CMC	B	0.23%
	AMR	C	0.22%
	TMHC	B	0.22%
	PBF	D	0.22%
	BIIB	F	0.22%
	NFE	D	0.22%
	URBN	C	0.22%
	HCC	B	0.22%
	CADE	B	0.21%
	OKE	A	0.21%
	CXW	B	0.21%
	MUR	D	0.21%
	RDN	C	0.21%
	TEX	D	0.21%
	LBRT	D	0.2%
	RIOT	C	0.2%
	MATX	C	0.2%
	RUSHA	C	0.2%
	TPH	D	0.2%
	ESNT	D	0.19%
	MTH	D	0.19%
	DAR	C	0.19%
	LNC	B	0.19%
	CNO	A	0.19%
	MGY	A	0.19%
	MHO	D	0.19%
	OTTR	C	0.18%
	GBDC	C	0.18%
	HRI	B	0.18%
	BKH	A	0.18%
	COOP	B	0.18%
	ASO	F	0.18%
	GPI	A	0.18%
	POR	C	0.17%
	CNXC	F	0.17%
	AVT	C	0.17%
	SR	A	0.17%
	BCC	B	0.17%
	KBH	D	0.16%
	BMBL	C	0.16%
	SUM	B	0.16%
	GBX	A	0.16%
	SIG	B	0.16%
	SANM	B	0.15%
	CTOS	C	0.15%
	ECVT	C	0.15%
	CUBI	C	0.15%
	BFH	B	0.15%
	JBT	B	0.15%
	HTZ	C	0.15%
	RIG	D	0.14%
	KMT	B	0.14%
	EIG	B	0.14%
	TALO	C	0.14%
	DNOW	B	0.14%
	ULH	B	0.14%
	ABG	B	0.14%
	GMS	B	0.14%
	TGNA	B	0.14%
	VTLE	C	0.14%
	VLY	B	0.14%
	CABO	C	0.14%
	REZI	A	0.13%
	GIII	D	0.13%
	WS	B	0.13%
	BTU	B	0.13%
	KOS	F	0.13%
	CRGY	B	0.13%
	SPNT	A	0.13%
	IART	C	0.13%
	OGS	A	0.13%
	APLE	B	0.13%
	RLJ	C	0.13%
	TDS	B	0.13%
	GT	C	0.13%
	GPOR	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%
	AVA	A	0.12%
	TRMK	B	0.12%
	EPC	D	0.12%
	VC	D	0.12%
	INDB	B	0.12%
	IMKTA	C	0.12%
	SHO	C	0.12%
	ENS	D	0.12%
	PARR	D	0.12%
	PLAB	C	0.12%
	INVA	D	0.12%
	UVV	B	0.12%
	AEO	F	0.11%
	VSH	D	0.11%
	MRC	B	0.11%
	CCS	D	0.11%
	WMK	C	0.11%
	SAH	A	0.11%
	DBRG	F	0.11%
	WKC	D	0.11%
	USM	B	0.11%
	PHIN	A	0.11%
	EBC	B	0.11%
	GHC	C	0.11%
	FOR	F	0.11%
	CAL	D	0.11%
	FFBC	A	0.11%
	NWE	B	0.1%
	CRC	B	0.1%
	ABCB	B	0.1%
	ABR	C	0.1%
	OEC	C	0.1%
	MLKN	D	0.1%
	NAVI	C	0.1%
	PRG	C	0.1%
	UBSI	B	0.1%
	EQC	B	0.1%
	NWN	A	0.1%
	LZB	B	0.1%
	BV	B	0.1%
	CENTA	C	0.1%
	HWC	B	0.1%
	LADR	B	0.1%
	BECN	B	0.1%
	SBH	C	0.1%
	GEO	B	0.1%
	CVI	F	0.1%
	HGV	B	0.1%
	SCSC	B	0.1%
	VSCO	B	0.1%
	HOV	D	0.1%
	DRH	B	0.1%
	CMCO	B	0.1%
	AMWD	C	0.1%
	GES	F	0.1%
	MLI	C	0.1%
	FRME	B	0.09%
	TNET	D	0.09%
	PFBC	B	0.09%
	UFPI	B	0.09%
	ALKS	B	0.09%
	KFY	B	0.09%
	WSBC	A	0.09%
	CATY	B	0.09%
	CRK	B	0.09%
	SASR	B	0.09%
	CASH	A	0.09%
	BNL	D	0.09%
	PDCO	D	0.09%
	PLYA	B	0.09%
	ADNT	F	0.09%
	PNM	F	0.09%
	BANR	B	0.09%
	CVBF	A	0.09%
	ANDE	D	0.09%
	ACA	A	0.09%
	BUSE	B	0.08%
	ARCB	C	0.08%
	MODG	F	0.08%
	WERN	C	0.08%
	WGO	C	0.08%
	MCRI	A	0.08%
	PTVE	B	0.08%
	ALG	B	0.08%
	DAN	D	0.08%
	HOPE	B	0.08%
	FIBK	A	0.08%
	FCF	A	0.08%
	SRCE	B	0.08%
	HUBG	A	0.08%
	NX	C	0.08%
	XRX	F	0.08%
	LAUR	A	0.08%
	BKE	B	0.08%
	BKU	A	0.08%
	TCBK	B	0.08%
	VBTX	B	0.08%
	KALU	C	0.08%
	WSFS	A	0.08%
	HY	D	0.08%
	RNST	B	0.08%
	SFNC	B	0.08%
	EFSC	B	0.08%
	VRTS	B	0.08%
	FULT	A	0.08%
	ASGN	F	0.08%
	TTMI	B	0.07%
	LC	A	0.07%
	LILAK	D	0.07%
	SJW	D	0.07%
	PEB	D	0.07%
	MRTN	C	0.07%
	UNF	B	0.07%
	KLG	C	0.07%
	DIOD	D	0.07%
	XHR	B	0.07%
	MMS	F	0.07%
	SBCF	A	0.06%
	GOGO	C	0.06%
	FBNC	A	0.06%
	CSGS	B	0.06%
	AMN	F	0.06%
	FHI	A	0.06%
	PBH	A	0.06%
	OMI	F	0.06%
	KAR	B	0.06%
	DFH	D	0.06%
	NIC	B	0.06%
	SNEX	B	0.06%
	HMN	B	0.06%
	CAR	C	0.06%
	GRBK	D	0.06%
	ASB	B	0.06%
	SCVL	F	0.06%
	VSAT	F	0.06%
	SSTK	F	0.06%
	LGIH	D	0.06%
	ROG	D	0.05%
	PATK	D	0.05%
	FLR	B	0.05%
	ALIT	C	0.05%
	DFIN	D	0.05%
	SEM	B	0.05%
	DEA	D	0.05%
	SHEN	F	0.05%
	THRM	D	0.05%
	LCII	C	0.05%
	SSB	B	0.05%
	PSMT	C	0.05%
	UCB	A	0.05%
	SYNA	C	0.05%
	AUB	B	0.05%
	OFG	B	0.05%
	SCL	C	0.05%
	ARI	C	0.05%
	ALEX	C	0.05%
	LNN	B	0.05%
	KWR	C	0.05%
	HTH	B	0.05%
	STBA	B	0.05%
	UMBF	B	0.05%
	DK	C	0.05%
	ROCK	C	0.05%
	ABM	B	0.05%
	MTX	B	0.05%
	WAFD	B	0.05%
	TOWN	B	0.05%
	HLF	C	0.05%
	IOSP	B	0.05%
	BHE	B	0.05%
	NWBI	B	0.05%
	UPWK	B	0.04%
	MYRG	B	0.04%
	NSP	D	0.04%
	FOXF	F	0.04%
	AVNS	F	0.04%
	WD	D	0.04%
	FUL	F	0.04%
	ODP	F	0.04%
	NJR	A	0.04%
	AVNT	B	0.04%
	FELE	B	0.04%
	SKY	A	0.04%
	WTS	B	0.04%
	AIR	B	0.03%
	SAFT	C	0.03%
	MTRN	C	0.03%
	XPEL	C	0.03%
	DEI	B	0.03%
	HLIO	B	0.03%
	GNW	A	0.03%
	IVT	B	0.03%
	CVCO	A	0.03%
	PPBI	B	0.03%
	ROIC	A	0.03%
	NBTB	B	0.03%
	FDP	B	0.03%
	BHF	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%
	TCBI	B	0.03%
	OPCH	D	0.03%
	OLPX	D	0.02%
	BLMN	F	0.02%
	PLUS	F	0.02%
	GIC	D	0.02%
	GPRE	F	0.02%
	JBGS	D	0.02%
	OXM	D	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%
	CNXN	C	0.02%
	NVEE	F	0.02%
	KFRC	D	0.02%
	NNI	D	0.02%
	STC	B	0.02%
	NMRK	B	0.02%
	CNMD	C	0.02%
	OI	C	0.02%
	MSEX	B	0.02%
	UPBD	B	0.02%
	EVTC	B	0.02%
	PGRE	F	0.02%

FAB Underweight 546 Positions Relative to ONEO

	Symbol	Grade	Weight
	APP	B	-1.01%
	VST	B	-0.86%
	EXPE	B	-0.82%
	MCK	B	-0.73%
	GDDY	A	-0.68%
	CAH	B	-0.6%
	ACGL	D	-0.6%
	FTNT	C	-0.56%
	CASY	A	-0.53%
	DASH	A	-0.47%
	FCNCA	A	-0.47%
	URI	B	-0.45%
	WSM	B	-0.45%
	EME	C	-0.44%
	LDOS	C	-0.43%
	DKS	C	-0.42%
	NTAP	C	-0.41%
	ALSN	B	-0.38%
	RCL	A	-0.37%
	COR	B	-0.37%
	PAYC	B	-0.37%
	FFIV	B	-0.36%
	THC	D	-0.35%
	LPLA	A	-0.34%
	MO	A	-0.32%
	CBOE	B	-0.32%
	KNSL	B	-0.31%
	HRB	D	-0.31%
	USFD	A	-0.31%
	FIX	A	-0.3%
	SPG	B	-0.3%
	RL	B	-0.29%
	CPNG	D	-0.29%
	MRO	B	-0.28%
	TXRH	C	-0.28%
	AYI	B	-0.28%
	LRCX	F	-0.28%
	CNM	D	-0.27%
	MKL	A	-0.27%
	NRG	B	-0.27%
	UTHR	C	-0.27%
	GRMN	B	-0.27%
	IT	C	-0.27%
	KLAC	D	-0.27%
	EVR	B	-0.26%
	DELL	C	-0.26%
	EXP	A	-0.26%
	MANH	D	-0.26%
	VRT	B	-0.26%
	TPL	A	-0.25%
	ITT	A	-0.25%
	GWW	B	-0.25%
	TSCO	D	-0.25%
	DBX	B	-0.24%
	PEG	A	-0.24%
	BKNG	A	-0.24%
	CRWD	B	-0.23%
	FICO	B	-0.23%
	GEN	B	-0.22%
	ARMK	B	-0.22%
	FTI	A	-0.22%
	WMB	A	-0.22%
	SAIA	B	-0.21%
	NOW	A	-0.21%
	CBRE	B	-0.21%
	ROST	C	-0.21%
	DVA	B	-0.21%
	COKE	C	-0.21%
	DECK	A	-0.21%
	AMAT	F	-0.21%
	APH	A	-0.21%
	CPAY	A	-0.21%
	BLD	D	-0.21%
	PGR	A	-0.2%
	CSL	C	-0.2%
	MAR	B	-0.2%
	TJX	A	-0.2%
	FYBR	D	-0.2%
	DFS	B	-0.2%
	MSI	B	-0.2%
	IBM	C	-0.2%
	HLT	A	-0.19%
	AZO	C	-0.19%
	CACI	D	-0.19%
	SNPS	B	-0.19%
	INTU	C	-0.19%
	GEV	B	-0.19%
	PANW	C	-0.18%
	CRUS	D	-0.18%
	EXEL	B	-0.18%
	TT	A	-0.18%
	LII	A	-0.18%
	FAST	B	-0.18%
	TOST	B	-0.18%
	HLI	B	-0.18%
	ANET	C	-0.17%
	MTZ	B	-0.17%
	WAB	B	-0.17%
	SSD	D	-0.17%
	PSTG	D	-0.17%
	MPWR	F	-0.17%
	CRM	B	-0.17%
	CAT	B	-0.17%
	ADSK	A	-0.17%
	SAIC	F	-0.17%
	ORLY	B	-0.17%
	BRBR	A	-0.17%
	BR	A	-0.17%
	PWR	A	-0.17%
	CL	D	-0.16%
	CW	B	-0.16%
	WSO	A	-0.16%
	LYV	A	-0.16%
	GEHC	F	-0.16%
	CLH	B	-0.16%
	CDNS	B	-0.16%
	GNTX	C	-0.15%
	TTD	B	-0.15%
	PAYX	C	-0.15%
	VVV	F	-0.15%
	BRO	B	-0.15%
	CVNA	B	-0.15%
	IR	B	-0.15%
	AOS	F	-0.15%
	NCLH	B	-0.15%
	A	D	-0.15%
	HWM	A	-0.15%
	LAMR	D	-0.15%
	FDS	B	-0.15%
	PNR	A	-0.15%
	LOPE	B	-0.15%
	NVDA	C	-0.15%
	PSN	D	-0.15%
	GAP	C	-0.15%
	BURL	A	-0.14%
	CMG	B	-0.14%
	TER	D	-0.14%
	KEX	C	-0.14%
	EHC	B	-0.14%
	MLM	B	-0.14%
	JHG	A	-0.14%
	AAON	B	-0.14%
	QCOM	F	-0.14%
	FND	C	-0.14%
	WFRD	D	-0.14%
	PCG	A	-0.13%
	ONTO	D	-0.13%
	MMC	B	-0.13%
	PINS	D	-0.13%
	SHW	A	-0.13%
	MSFT	F	-0.13%
	MCO	B	-0.13%
	OLLI	D	-0.13%
	FLS	B	-0.13%
	ADBE	C	-0.13%
	WDAY	B	-0.13%
	NEU	C	-0.13%
	EWBC	A	-0.13%
	ROK	B	-0.13%
	EA	A	-0.12%
	PSA	D	-0.12%
	AWI	A	-0.12%
	TEAM	A	-0.12%
	APO	B	-0.12%
	DLTR	F	-0.12%
	WM	A	-0.12%
	DTM	B	-0.12%
	PRI	A	-0.12%
	LECO	B	-0.12%
	WBD	C	-0.12%
	DPZ	C	-0.12%
	CTAS	B	-0.12%
	NYT	C	-0.12%
	VMC	B	-0.12%
	RPM	A	-0.12%
	MSCI	C	-0.11%
	CDW	F	-0.11%
	BAH	F	-0.11%
	GE	D	-0.11%
	KMB	D	-0.11%
	LNW	D	-0.11%
	TPX	B	-0.11%
	JCI	C	-0.11%
	MHK	D	-0.11%
	ADI	D	-0.11%
	CHD	B	-0.11%
	LSCC	D	-0.11%
	MCHP	D	-0.11%
	META	D	-0.11%
	TW	A	-0.11%
	MEDP	D	-0.11%
	FI	A	-0.11%
	DOV	A	-0.11%
	DCI	B	-0.11%
	CR	A	-0.11%
	RSG	A	-0.11%
	AXP	A	-0.1%
	POOL	C	-0.1%
	JLL	D	-0.1%
	GNRC	B	-0.1%
	WMS	D	-0.1%
	BWXT	B	-0.1%
	DOCU	A	-0.1%
	BK	A	-0.1%
	FCX	D	-0.1%
	K	A	-0.1%
	VRTX	F	-0.1%
	HCA	F	-0.1%
	AMP	A	-0.1%
	ABNB	C	-0.1%
	DOX	D	-0.1%
	ATR	B	-0.1%
	IBKR	A	-0.1%
	TDC	D	-0.1%
	TYL	B	-0.09%
	VLTO	D	-0.09%
	VRSK	A	-0.09%
	DT	C	-0.09%
	COST	B	-0.09%
	NBIX	C	-0.09%
	SO	D	-0.09%
	REGN	F	-0.09%
	GTES	A	-0.09%
	WWD	B	-0.09%
	WING	D	-0.09%
	VICI	C	-0.09%
	SPOT	B	-0.09%
	AVY	D	-0.09%
	DDOG	A	-0.09%
	GILD	C	-0.09%
	X	C	-0.09%
	ACM	A	-0.09%
	CROX	D	-0.09%
	AZEK	A	-0.09%
	BX	A	-0.09%
	ROL	B	-0.09%
	OTIS	C	-0.09%
	ESAB	B	-0.09%
	WST	C	-0.09%
	SMCI	F	-0.09%
	HUBB	B	-0.09%
	CPRT	A	-0.09%
	OLED	D	-0.08%
	KD	B	-0.08%
	EEFT	B	-0.08%
	ETN	A	-0.08%
	RLI	B	-0.08%
	ADP	B	-0.08%
	ALLE	D	-0.08%
	RGLD	C	-0.08%
	NVT	B	-0.08%
	TREX	C	-0.08%
	CIEN	B	-0.08%
	PLTR	B	-0.08%
	QRVO	F	-0.08%
	PM	B	-0.08%
	AME	A	-0.07%
	RBC	A	-0.07%
	NDAQ	A	-0.07%
	DLB	B	-0.07%
	AMCR	D	-0.07%
	WYNN	D	-0.07%
	WEX	D	-0.07%
	ALGN	D	-0.07%
	ITW	B	-0.07%
	MRVL	B	-0.07%
	ECL	D	-0.07%
	ACI	C	-0.07%
	GOOGL	C	-0.07%
	GOOG	C	-0.07%
	AON	A	-0.07%
	APG	B	-0.07%
	AAPL	C	-0.07%
	AXON	A	-0.07%
	AM	A	-0.07%
	LULU	C	-0.07%
	ROP	B	-0.06%
	GLOB	B	-0.06%
	TRGP	B	-0.06%
	VEEV	C	-0.06%
	GWRE	A	-0.06%
	UBER	D	-0.06%
	JKHY	D	-0.06%
	TXN	C	-0.06%
	TNL	A	-0.06%
	CHE	D	-0.06%
	AVTR	F	-0.06%
	WTW	B	-0.06%
	AES	F	-0.06%
	SF	B	-0.06%
	GGG	B	-0.06%
	DUOL	A	-0.06%
	CCL	B	-0.06%
	TTEK	F	-0.06%
	GPK	C	-0.06%
	IDXX	F	-0.06%
	AVB	B	-0.06%
	SCI	B	-0.06%
	NOC	D	-0.06%
	SNV	B	-0.06%
	MET	A	-0.06%
	RTX	C	-0.06%
	YUM	B	-0.06%
	ISRG	A	-0.06%
	CCK	C	-0.06%
	CUBE	D	-0.06%
	BLK	C	-0.06%
	BALL	D	-0.06%
	HUBS	A	-0.06%
	MTSI	B	-0.06%
	HXL	D	-0.05%
	PCOR	B	-0.05%
	HES	B	-0.05%
	PR	B	-0.05%
	NTRS	A	-0.05%
	ENTG	D	-0.05%
	EXR	D	-0.05%
	NSC	B	-0.05%
	XPO	B	-0.05%
	RMD	C	-0.05%
	GLW	B	-0.05%
	FOX	A	-0.05%
	ANSS	B	-0.05%
	ESS	B	-0.05%
	FLO	D	-0.05%
	NTNX	A	-0.05%
	DV	C	-0.05%
	EQH	B	-0.05%
	AMGN	D	-0.05%
	TDG	D	-0.05%
	BSX	B	-0.05%
	MTD	D	-0.05%
	SYK	C	-0.05%
	ABBV	D	-0.05%
	LIN	D	-0.05%
	H	B	-0.05%
	MTCH	D	-0.05%
	GPN	B	-0.05%
	MMM	D	-0.05%
	BRK.A	B	-0.05%
	DLR	B	-0.05%
	PTC	A	-0.05%
	ZS	C	-0.05%
	SITE	D	-0.05%
	TMUS	B	-0.05%
	ATI	D	-0.05%
	GLPI	C	-0.05%
	NU	C	-0.05%
	SN	D	-0.05%
	MORN	B	-0.04%
	PH	A	-0.04%
	MA	C	-0.04%
	WH	B	-0.04%
	KVUE	A	-0.04%
	KMX	B	-0.04%
	TPG	A	-0.04%
	ARES	A	-0.04%
	TRU	D	-0.04%
	PCTY	B	-0.04%
	ZTS	D	-0.04%
	HON	B	-0.04%
	AJG	B	-0.04%
	CME	A	-0.04%
	ALL	A	-0.04%
	SMG	D	-0.04%
	UA	C	-0.04%
	AXTA	A	-0.04%
	NNN	D	-0.04%
	EFX	F	-0.04%
	PPC	C	-0.04%
	NWL	B	-0.04%
	NEE	D	-0.04%
	DKNG	B	-0.04%
	BRX	A	-0.04%
	GTLB	B	-0.04%
	UNP	C	-0.04%
	IRM	D	-0.04%
	AMZN	C	-0.04%
	STE	F	-0.04%
	NFLX	A	-0.04%
	AAL	B	-0.04%
	JNPR	F	-0.04%
	FRPT	B	-0.04%
	STZ	D	-0.04%
	FSLR	F	-0.04%
	ESI	A	-0.04%
	AMD	F	-0.03%
	UAA	C	-0.03%
	EQIX	A	-0.03%
	VRSN	F	-0.03%
	S	B	-0.03%
	NSA	D	-0.03%
	ELS	C	-0.03%
	FIS	C	-0.03%
	RPRX	D	-0.03%
	CPT	B	-0.03%
	DAY	B	-0.03%
	UNH	C	-0.03%
	ICE	C	-0.03%
	BFAM	D	-0.03%
	TMO	F	-0.03%
	WMT	A	-0.03%
	TRMB	B	-0.03%
	SPGI	C	-0.03%
	ZI	D	-0.03%
	OKTA	C	-0.03%
	TWLO	A	-0.03%
	SCHW	B	-0.03%
	SMAR	A	-0.03%
	TRIP	F	-0.03%
	TFC	A	-0.03%
	EW	C	-0.03%
	CBSH	A	-0.03%
	CHH	A	-0.03%
	IFF	D	-0.03%
	MAN	D	-0.03%
	RNG	B	-0.03%
	OWL	A	-0.03%
	BMY	B	-0.03%
	MKTX	D	-0.03%
	SWK	D	-0.03%
	FCN	D	-0.03%
	AVGO	D	-0.03%
	SNOW	C	-0.03%
	FTRE	D	-0.03%
	VIRT	B	-0.03%
	IQV	D	-0.03%
	CELH	F	-0.03%
	CHDN	B	-0.03%
	SQ	B	-0.03%
	NWS	B	-0.03%
	KBR	F	-0.03%
	VMI	B	-0.02%
	LW	C	-0.02%
	CSGP	D	-0.02%
	MDB	C	-0.02%
	WELL	A	-0.02%
	SCCO	F	-0.02%
	RVTY	F	-0.02%
	ALB	C	-0.02%
	AMED	F	-0.02%
	PLD	D	-0.02%
	VFC	C	-0.02%
	RH	B	-0.02%
	DOCS	C	-0.02%
	QGEN	D	-0.02%
	MTN	C	-0.02%
	FR	C	-0.02%
	MASI	A	-0.02%
	CHRW	C	-0.02%
	KO	D	-0.02%
	MSTR	C	-0.02%
	BRKR	D	-0.02%
	EGP	F	-0.02%
	BAX	D	-0.02%
	CCI	D	-0.02%
	THG	A	-0.02%
	MSA	D	-0.02%
	INCY	C	-0.02%
	BSY	D	-0.02%
	PLNT	A	-0.02%
	ABT	B	-0.02%
	MSGS	A	-0.02%
	SBAC	D	-0.02%
	ES	D	-0.02%
	INVH	D	-0.02%
	CNH	C	-0.02%
	AMH	D	-0.02%
	RRX	B	-0.02%
	DHR	F	-0.02%
	MNST	C	-0.02%
	VNO	B	-0.02%
	DXCM	D	-0.02%
	FRT	B	-0.02%
	GS	A	-0.02%
	BDX	F	-0.02%
	PG	A	-0.02%
	WSC	D	-0.02%
	ZBRA	B	-0.02%
	LVS	C	-0.02%
	V	A	-0.02%
	UDR	B	-0.02%
	BXP	D	-0.02%
	REG	B	-0.02%
	TECH	D	-0.02%
	KKR	A	-0.02%
	OHI	C	-0.02%
	MCD	D	-0.02%
	CEG	D	-0.01%
	EL	F	-0.01%
	SPR	D	-0.01%
	COIN	C	-0.01%
	REXR	F	-0.01%
	AA	B	-0.01%
	VKTX	F	-0.01%
	INFA	D	-0.01%
	NET	B	-0.01%
	AGR	B	-0.01%
	CGNX	C	-0.01%
	WAT	B	-0.01%
	HAS	D	-0.01%
	CLVT	F	-0.01%
	RKT	F	-0.01%
	W	F	-0.01%
	CNA	B	-0.01%
	VTR	C	-0.01%
	ETSY	D	-0.01%
	GFS	C	-0.01%
	TFX	F	-0.01%
	NCNO	B	-0.01%
	HEI	B	-0.01%
	LITE	B	-0.01%
	LLY	F	-0.01%
	AMT	D	-0.01%
	ACHC	F	-0.01%
	O	D	-0.01%
	AZTA	D	-0.01%
	PEGA	A	-0.01%
	CFR	B	-0.01%
	PATH	C	-0.01%
	ADC	B	-0.01%
	HUN	F	-0.01%
	WTM	A	-0.01%
	ST	F	-0.01%
	WEN	D	-0.01%
	EPR	D	-0.01%
	MRK	F	-0.01%
	ROIV	C	-0.01%
	XP	F	-0.01%
	RYAN	B	-0.01%
	EMR	A	-0.01%
	INSP	D	-0.01%
	CACC	D	-0.01%
	STAG	F	-0.01%
	CTLT	B	-0.01%
	JPM	A	-0.01%
	HEI	B	-0.01%
	MKC	D	-0.01%
	ELF	C	-0.01%
	BA	F	-0.0%
	ESTC	C	-0.0%
	COTY	F	-0.0%
	RGEN	D	-0.0%
	BMRN	D	-0.0%
	MKSI	C	-0.0%
	APPF	B	-0.0%

FAB: Top Represented Industries & Keywords

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

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Chemical Mining Real Estate Investment Trust Insurance Products Transport Electronics Nasdaq 100 Building Materials Commercial Bank Real Estate Loans Clothing Investment Management

ONEO: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Packaged Foods Software - Infrastructure Specialty Chemicals Aerospace & Defense Biotechnology Information Technology Services Packaging & Containers Building Materials

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Bank Banking Electricity Real Estate Investment Trust Chemical Aerospace Mining Telecommunications Dow Jones Component Semiconductor Insurance Products Medicine Plastic Beverage