FAB vs. QVMS ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS)

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

$82.81

Average Daily Volume

3,851

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

QVMS

Invesco S&P SmallCap 600 QVM Multi-factor ETF

QVMS Description

The investment seeks to track the investment results of the S&P SmallCap 600 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, designed to track the performance of a subset of securities from the S&P SmallCap 600 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.88

Average Daily Volume

598

Number of Holdings ^*

519

* may have additional holdings in another (foreign) market

Performance

Period	FAB	QVMS
30 Days	-0.57%	-0.86%
60 Days	3.63%	3.83%
90 Days	7.31%	8.82%
12 Months	26.34%	27.93%

218 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in QVMS	Overlap
AAP	F	0.03%	0.22%	0.03%
AAT	C	0.11%	0.11%	0.11%
ABCB	C	0.1%	0.33%	0.1%
ABG	D	0.18%	0.43%	0.18%
ABM	D	0.1%	0.3%	0.1%
ABR	C	0.1%	0.23%	0.1%
ADUS	D	0.03%	0.19%	0.03%
AEO	B	0.14%	0.33%	0.14%
AGO	B	0.21%	0.34%	0.21%
AIN	F	0.02%	0.24%	0.02%
AL	D	0.2%	0.4%	0.2%
ALEX	D	0.05%	0.11%	0.05%
ALGT	D	0.13%	0.06%	0.06%
ALK	B	0.14%	0.4%	0.14%
AMN	F	0.08%	0.16%	0.08%
ANDE	D	0.1%	0.14%	0.1%
APAM	C	0.02%	0.25%	0.02%
APOG	B	0.08%	0.13%	0.08%
ARCB	D	0.07%	0.21%	0.07%
ARCH	D	0.11%	0.22%	0.11%
ASO	D	0.23%	0.35%	0.23%
AUB	D	0.05%	0.28%	0.05%
AVA	D	0.13%	0.24%	0.13%
AX	D	0.08%	0.28%	0.08%
BANR	C	0.08%	0.17%	0.08%
BCC	C	0.2%	0.48%	0.2%
BHLB	D	0.03%	0.09%	0.03%
BKE	D	0.08%	0.1%	0.08%
BKU	D	0.12%	0.23%	0.12%
BLMN	F	0.04%	0.13%	0.04%
BOOT	A	0.03%	0.36%	0.03%
BTU	B	0.24%	0.24%	0.24%
BXMT	C	0.05%	0.27%	0.05%
CABO	F	0.12%	0.14%	0.12%
CAKE	A	0.02%	0.16%	0.02%
CALM	B	0.12%	0.25%	0.12%
CASH	D	0.08%	0.14%	0.08%
CATY	D	0.11%	0.26%	0.11%
CBRL	D	0.08%	0.09%	0.08%
CBU	D	0.03%	0.26%	0.03%
CCS	C	0.15%	0.24%	0.15%
CENTA	F	0.09%	0.17%	0.09%
CENX	B	0.09%	0.07%	0.07%
CMA	C	0.1%	0.63%	0.1%
CNXN	C	0.06%	0.07%	0.06%
COOP	B	0.19%	0.49%	0.19%
CPK	C	0.06%	0.21%	0.06%
CRC	B	0.09%	0.27%	0.09%
CRK	B	0.1%	0.09%	0.09%
CSGS	C	0.06%	0.11%	0.06%
CTS	B	0.02%	0.12%	0.02%
CUBI	F	0.11%	0.11%	0.11%
CVBF	B	0.05%	0.2%	0.05%
CVCO	B	0.03%	0.27%	0.03%
CVI	F	0.18%	0.06%	0.06%
CWEN	C	0.03%	0.28%	0.03%
CWT	D	0.05%	0.25%	0.05%
CXW	F	0.12%	0.12%	0.12%
DAN	D	0.09%	0.13%	0.09%
DEA	D	0.05%	0.11%	0.05%
DEI	A	0.06%	0.23%	0.06%
DFIN	C	0.05%	0.13%	0.05%
DIOD	F	0.06%	0.25%	0.06%
DNOW	F	0.11%	0.12%	0.11%
DORM	C	0.06%	0.26%	0.06%
DXC	D	0.18%	0.28%	0.18%
EAT	A	0.05%	0.28%	0.05%
EIG	B	0.13%	0.1%	0.1%
ENVA	D	0.13%	0.2%	0.13%
EPC	F	0.09%	0.16%	0.09%
FBK	D	0.03%	0.14%	0.03%
FBNC	D	0.09%	0.14%	0.09%
FBP	D	0.03%	0.3%	0.03%
FCF	D	0.12%	0.14%	0.12%
FDP	C	0.03%	0.08%	0.03%
FFBC	D	0.11%	0.2%	0.11%
FHB	D	0.08%	0.25%	0.08%
FUL	F	0.04%	0.38%	0.04%
FULT	D	0.05%	0.29%	0.05%
GDEN	D	0.12%	0.06%	0.06%
GEO	F	0.06%	0.15%	0.06%
GES	F	0.12%	0.05%	0.05%
GMS	C	0.19%	0.29%	0.19%
GNW	C	0.03%	0.25%	0.03%
GO	F	0.02%	0.15%	0.02%
GOGO	F	0.05%	0.03%	0.03%
GPI	C	0.27%	0.44%	0.27%
GTY	C	0.06%	0.12%	0.06%
HI	F	0.02%	0.19%	0.02%
HIW	C	0.12%	0.28%	0.12%
HMN	B	0.03%	0.12%	0.03%
HNI	B	0.03%	0.21%	0.03%
HOPE	D	0.08%	0.13%	0.08%
HP	F	0.17%	0.24%	0.17%
HPP	F	0.12%	0.05%	0.05%
HTH	D	0.05%	0.12%	0.05%
HTLD	F	0.07%	0.04%	0.04%
HTZ	F	0.11%	0.04%	0.04%
HUBG	D	0.1%	0.23%	0.1%
IAC	C	0.1%	0.31%	0.1%
IART	F	0.01%	0.11%	0.01%
ICUI	B	0.07%	0.27%	0.07%
INDB	D	0.11%	0.21%	0.11%
INVA	B	0.14%	0.08%	0.08%
JBGS	C	0.03%	0.12%	0.03%
JBT	B	0.12%	0.26%	0.12%
JXN	A	0.25%	0.54%	0.25%
KALU	D	0.04%	0.1%	0.04%
KFY	C	0.03%	0.31%	0.03%
KLG	D	0.05%	0.08%	0.05%
KMT	C	0.08%	0.17%	0.08%
KN	C	0.07%	0.14%	0.07%
KOP	F	0.12%	0.07%	0.07%
KSS	D	0.11%	0.18%	0.11%
KWR	D	0.04%	0.19%	0.04%
LBRT	F	0.19%	0.24%	0.19%
LCII	B	0.06%	0.25%	0.06%
LGIH	C	0.13%	0.19%	0.13%
LGND	D	0.08%	0.14%	0.08%
LNC	D	0.17%	0.47%	0.17%
LNN	C	0.05%	0.11%	0.05%
LXP	D	0.03%	0.24%	0.03%
LZB	C	0.14%	0.15%	0.14%
MATW	F	0.09%	0.06%	0.06%
MATX	C	0.18%	0.41%	0.18%
MCRI	B	0.08%	0.08%	0.08%
MCY	B	0.06%	0.15%	0.06%
MGY	B	0.16%	0.37%	0.16%
MHO	C	0.29%	0.37%	0.29%
MLI	C	0.16%	0.69%	0.16%
MLKN	F	0.06%	0.16%	0.06%
MODG	F	0.07%	0.13%	0.07%
MRTN	F	0.07%	0.08%	0.07%
MTH	C	0.26%	0.59%	0.26%
MTX	B	0.04%	0.21%	0.04%
NAVI	D	0.1%	0.11%	0.1%
NBHC	D	0.07%	0.13%	0.07%
NBTB	D	0.03%	0.18%	0.03%
NHC	D	0.05%	0.15%	0.05%
NMIH	C	0.14%	0.27%	0.14%
NOG	F	0.2%	0.29%	0.2%
NVEE	F	0.02%	0.1%	0.02%
NWBI	D	0.08%	0.14%	0.08%
NWN	C	0.13%	0.12%	0.12%
NX	F	0.12%	0.1%	0.1%
ODP	F	0.07%	0.08%	0.07%
OFG	D	0.08%	0.18%	0.08%
OGN	F	0.15%	0.43%	0.15%
OI	D	0.08%	0.17%	0.08%
OII	D	0.02%	0.23%	0.02%
OMI	F	0.08%	0.1%	0.08%
OXM	F	0.02%	0.1%	0.02%
PARR	F	0.08%	0.09%	0.08%
PATK	C	0.09%	0.23%	0.09%
PBH	D	0.05%	0.29%	0.05%
PCRX	F	0.05%	0.06%	0.05%
PDCO	F	0.09%	0.15%	0.09%
PFBC	D	0.1%	0.08%	0.08%
PFS	D	0.03%	0.2%	0.03%
PHIN	C	0.14%	0.18%	0.14%
PLUS	C	0.06%	0.23%	0.06%
PLXS	B	0.03%	0.3%	0.03%
PPBI	F	0.03%	0.21%	0.03%
PRDO	D	0.1%	0.12%	0.1%
PRG	C	0.17%	0.17%	0.17%
PSMT	B	0.05%	0.18%	0.05%
PTEN	F	0.15%	0.21%	0.15%
RC	F	0.11%	0.1%	0.1%
RDN	D	0.23%	0.44%	0.23%
REZI	D	0.1%	0.25%	0.1%
RHI	D	0.04%	0.55%	0.04%
RNST	D	0.07%	0.17%	0.07%
ROG	D	0.02%	0.15%	0.02%
ROIC	C	0.06%	0.16%	0.06%
RUSHA	D	0.26%	0.29%	0.26%
SAFT	D	0.05%	0.11%	0.05%
SAH	D	0.1%	0.08%	0.08%
SANM	D	0.13%	0.32%	0.13%
SBCF	D	0.05%	0.18%	0.05%
SBH	C	0.12%	0.12%	0.12%
SCHL	F	0.11%	0.06%	0.06%
SCL	D	0.02%	0.14%	0.02%
SEE	C	0.04%	0.44%	0.04%
SEM	D	0.04%	0.31%	0.04%
SFNC	C	0.08%	0.22%	0.08%
SHEN	F	0.04%	0.06%	0.04%
SHOO	A	0.03%	0.27%	0.03%
SIG	C	0.23%	0.37%	0.23%
SJW	D	0.07%	0.13%	0.07%
SLVM	C	0.09%	0.24%	0.09%
SM	F	0.19%	0.4%	0.19%
SNDR	C	0.11%	0.08%	0.08%
SNEX	C	0.05%	0.19%	0.05%
SSTK	F	0.09%	0.07%	0.07%
STBA	D	0.12%	0.13%	0.12%
STC	C	0.03%	0.17%	0.03%
STRA	F	0.04%	0.16%	0.04%
TALO	F	0.08%	0.13%	0.08%
THRM	F	0.02%	0.13%	0.02%
THS	C	0.03%	0.16%	0.03%
TPH	C	0.2%	0.35%	0.2%
TRMK	D	0.05%	0.16%	0.05%
UCBI	B	0.05%	0.29%	0.05%
UNF	A	0.08%	0.24%	0.08%
URBN	F	0.15%	0.18%	0.15%
UVV	D	0.13%	0.11%	0.11%
VBTX	C	0.09%	0.12%	0.09%
VRTS	F	0.06%	0.12%	0.06%
VSAT	F	0.02%	0.07%	0.02%
VSCO	C	0.1%	0.18%	0.1%
WAFD	D	0.06%	0.19%	0.06%
WD	C	0.03%	0.31%	0.03%
WERN	D	0.1%	0.19%	0.1%
WGO	D	0.1%	0.14%	0.1%
WOR	F	0.02%	0.1%	0.02%
WSFS	D	0.07%	0.26%	0.07%
XHR	B	0.05%	0.13%	0.05%
XRX	D	0.02%	0.11%	0.02%

FAB Overweight 442 Positions Relative to QVMS

Symbol	Grade	Weight
DHI	C	0.57%
LEN	B	0.52%
ETR	A	0.51%
FOXA	A	0.51%
UAL	B	0.5%
EXC	A	0.49%
T	A	0.48%
CINF	A	0.48%
CF	A	0.48%
BRK.A	C	0.47%
ACGL	A	0.47%
CMCSA	B	0.45%
CVS	D	0.44%
GPN	F	0.44%
SYF	B	0.44%
APTV	D	0.44%
CE	D	0.43%
EG	B	0.43%
ADM	D	0.42%
MKL	C	0.42%
GM	D	0.42%
STLD	B	0.41%
EOG	B	0.41%
AEE	A	0.41%
EQT	B	0.41%
ATO	A	0.4%
NUE	D	0.4%
HPE	B	0.4%
EBAY	A	0.4%
UHAL	A	0.4%
XEL	A	0.4%
MTB	C	0.39%
PSX	D	0.39%
AEP	C	0.39%
HIG	A	0.39%
CVX	B	0.39%
ED	A	0.39%
MPC	F	0.39%
CNC	F	0.38%
WBD	D	0.38%
CTSH	B	0.38%
CFG	D	0.38%
CB	A	0.38%
PCG	B	0.38%
CAG	D	0.38%
BG	F	0.38%
COP	D	0.38%
KMI	A	0.37%
KHC	D	0.37%
SNA	A	0.37%
HBAN	D	0.37%
SJM	C	0.37%
CTRA	D	0.37%
FANG	D	0.36%
F	D	0.36%
COF	C	0.36%
VLO	F	0.36%
VTRS	D	0.36%
IPG	C	0.36%
VZ	A	0.36%
L	D	0.35%
OC	C	0.34%
XOM	A	0.34%
LYB	D	0.34%
OXY	F	0.34%
RS	D	0.34%
LNG	A	0.34%
DVN	F	0.34%
LKQ	F	0.33%
AIG	F	0.33%
WFC	D	0.32%
TROW	D	0.32%
BEN	F	0.31%
EIX	A	0.3%
BBY	B	0.3%
WEC	A	0.3%
AFL	A	0.3%
D	A	0.29%
ZM	C	0.29%
GIS	C	0.29%
FITB	C	0.29%
CMS	A	0.29%
STT	C	0.29%
LBRDK	B	0.29%
JBL	D	0.28%
DGX	B	0.28%
KR	C	0.28%
WPC	C	0.28%
USB	C	0.28%
DTE	A	0.28%
RF	C	0.28%
FE	B	0.28%
DUK	A	0.28%
HAL	F	0.28%
INCY	B	0.27%
CHTR	D	0.27%
SRE	A	0.27%
DE	A	0.27%
TDY	A	0.27%
EQR	C	0.26%
TMHC	C	0.26%
LAD	C	0.26%
JBHT	D	0.26%
TEL	D	0.25%
RNR	A	0.25%
TXT	F	0.25%
BKR	B	0.25%
LUV	B	0.25%
KBH	C	0.25%
FMC	B	0.24%
C	B	0.24%
BAC	D	0.24%
HOG	D	0.24%
CRBG	C	0.24%
MTG	B	0.24%
ZBH	F	0.24%
FYBR	C	0.23%
SWKS	F	0.23%
CNP	B	0.23%
TAP	D	0.23%
AMG	B	0.23%
ESNT	C	0.23%
COLB	C	0.22%
ESGR	D	0.22%
FDX	D	0.22%
PYPL	C	0.22%
SEB	D	0.21%
UHS	D	0.21%
FNF	A	0.21%
KRC	C	0.21%
AGCO	D	0.21%
CHK	D	0.21%
VLY	C	0.21%
LMT	A	0.21%
HCA	B	0.21%
DAR	F	0.21%
KEY	C	0.2%
PVH	F	0.2%
BYD	C	0.2%
PNC	C	0.2%
SSNC	C	0.2%
KIM	C	0.2%
PKG	C	0.2%
TEX	F	0.2%
G	A	0.2%
WY	B	0.2%
NEE	A	0.2%
PEG	A	0.2%
THC	C	0.2%
LOW	A	0.2%
OKE	B	0.19%
BKH	C	0.19%
CSCO	A	0.19%
KDP	C	0.19%
BWA	B	0.19%
INTC	D	0.19%
AN	C	0.19%
UNM	A	0.19%
MDT	B	0.19%
PNW	A	0.19%
OMC	C	0.19%
OGS	C	0.19%
MOH	D	0.19%
MOS	D	0.19%
EVRG	C	0.19%
WTM	D	0.19%
R	C	0.19%
TRV	C	0.19%
APD	C	0.19%
DINO	F	0.18%
TGT	C	0.18%
WBS	D	0.18%
HSY	D	0.18%
EPAM	F	0.18%
DOV	C	0.18%
PPG	D	0.18%
MS	B	0.18%
MDU	C	0.18%
WRB	B	0.18%
CADE	D	0.18%
CPB	D	0.18%
ARW	C	0.18%
POR	C	0.18%
GS	C	0.18%
NFG	A	0.18%
JNJ	D	0.18%
CMC	D	0.17%
CNXC	F	0.17%
WAL	C	0.17%
MUR	F	0.17%
OVV	F	0.17%
HPQ	C	0.17%
OZK	F	0.17%
MTDR	F	0.17%
GPC	D	0.17%
CLF	D	0.17%
ARE	D	0.17%
NOV	F	0.17%
DOW	B	0.17%
HRL	F	0.17%
AVT	C	0.17%
CUZ	C	0.16%
GL	C	0.16%
ADTN	B	0.16%
UAA	B	0.16%
LEA	F	0.16%
UPS	D	0.16%
BERY	C	0.15%
NRG	A	0.15%
UFPI	C	0.15%
ALLY	F	0.15%
THO	B	0.15%
BZH	C	0.15%
NI	A	0.15%
PNFP	D	0.15%
OSK	F	0.15%
CNX	A	0.15%
PAG	D	0.14%
ATSG	B	0.14%
NWE	B	0.14%
AGNC	C	0.14%
EBC	D	0.14%
APA	F	0.14%
EWBC	D	0.14%
GHC	B	0.14%
AXS	A	0.14%
UTHR	C	0.14%
PBF	F	0.14%
BNL	C	0.14%
OGE	A	0.14%
EMN	C	0.14%
BC	D	0.14%
FNB	D	0.13%
OLN	D	0.13%
JAZZ	F	0.13%
CHRD	F	0.13%
IMKTA	F	0.13%
GEF	D	0.13%
CZR	B	0.13%
SPB	C	0.13%
WMK	D	0.13%
TKR	D	0.13%
HE	F	0.13%
SR	C	0.13%
HII	F	0.13%
SON	D	0.13%
ONB	D	0.13%
WTFC	D	0.13%
WCC	C	0.13%
KNX	D	0.13%
PII	D	0.13%
TGNA	B	0.13%
RLJ	D	0.12%
EFSC	D	0.12%
CNO	C	0.12%
OMF	F	0.12%
RYI	F	0.12%
FHN	D	0.12%
WU	D	0.12%
NXST	D	0.12%
VAL	F	0.12%
FRME	D	0.11%
OLPX	C	0.11%
LPX	A	0.11%
OCFC	C	0.11%
IPGP	D	0.11%
DDS	D	0.11%
GAP	F	0.11%
CBRE	A	0.11%
RRC	D	0.11%
K	B	0.11%
ADNT	D	0.11%
ASH	F	0.11%
MIDD	D	0.1%
MKC	C	0.1%
PB	D	0.1%
GT	F	0.1%
WMT	A	0.1%
CMI	B	0.1%
LILAK	D	0.1%
NKE	D	0.1%
SAIC	A	0.1%
USM	C	0.1%
BLK	A	0.1%
M	F	0.1%
LNT	A	0.1%
POOL	B	0.1%
IBOC	D	0.1%
AIZ	A	0.1%
FAF	B	0.1%
SLGN	C	0.1%
VTR	C	0.1%
DNB	D	0.1%
VSH	F	0.1%
CRI	D	0.1%
BBWI	F	0.1%
UMBF	C	0.1%
SSB	C	0.1%
REVG	D	0.1%
KVUE	C	0.1%
ATKR	F	0.1%
TSN	D	0.09%
LHX	A	0.09%
SNX	C	0.09%
CI	D	0.09%
TSCO	A	0.09%
COLM	B	0.09%
MSGE	A	0.09%
WHR	B	0.09%
HWC	D	0.09%
ASGN	D	0.09%
SWX	C	0.09%
ABT	B	0.09%
SEIC	B	0.09%
ZION	D	0.09%
CTVA	A	0.09%
SYY	B	0.09%
PFG	C	0.09%
SLM	C	0.09%
SASR	C	0.09%
UGI	C	0.09%
MAA	C	0.09%
DTM	A	0.09%
NJR	C	0.09%
DD	B	0.09%
J	D	0.09%
RYN	C	0.09%
AWK	B	0.09%
IDA	C	0.09%
REYN	D	0.09%
MDLZ	C	0.09%
HOMB	D	0.09%
AYI	A	0.09%
TRGP	B	0.09%
UBSI	D	0.09%
BOKF	D	0.09%
PEBO	F	0.09%
ORI	B	0.09%
JCI	B	0.09%
OMCL	C	0.08%
ADV	F	0.08%
FIBK	D	0.08%
HGV	F	0.08%
BXC	D	0.08%
CTOS	F	0.08%
FHI	C	0.08%
ELV	F	0.08%
BECN	F	0.08%
DKS	D	0.08%
RJF	B	0.08%
ENS	D	0.08%
REGN	D	0.08%
CROX	C	0.08%
SKX	B	0.08%
JELD	D	0.08%
PRGO	F	0.08%
PNM	B	0.08%
PRU	C	0.08%
KMB	B	0.08%
EXPD	C	0.08%
GD	A	0.08%
WLK	C	0.08%
TOWN	D	0.08%
WTRG	D	0.08%
RIG	F	0.07%
CHGG	F	0.07%
KOS	F	0.07%
BIIB	F	0.07%
CAR	D	0.07%
QCOM	D	0.07%
HUM	F	0.07%
EQC	D	0.07%
CMCO	D	0.07%
NMRK	A	0.07%
ECVT	F	0.07%
WSBC	D	0.07%
VCTR	B	0.06%
PRIM	C	0.06%
OEC	F	0.06%
SKY	B	0.06%
BDC	B	0.06%
VNO	A	0.06%
VAC	D	0.06%
ZD	D	0.06%
HELE	D	0.06%
AMKR	F	0.06%
SNV	D	0.05%
AFG	C	0.05%
VOYA	A	0.05%
BPOP	D	0.05%
EHC	B	0.05%
USFD	C	0.05%
IP	C	0.05%
HSIC	D	0.05%
PCH	C	0.05%
TRS	D	0.05%
AVNT	C	0.05%
CACI	A	0.05%
HLI	C	0.05%
MAT	D	0.05%
TFX	C	0.05%
IVZ	A	0.05%
PTVE	D	0.05%
NVST	D	0.05%
HLF	F	0.05%
BUSE	D	0.05%
TCBK	D	0.05%
JEF	A	0.05%
SRCE	D	0.05%
CCK	C	0.05%
JLL	B	0.05%
DG	F	0.05%
NIC	D	0.05%
TCBI	C	0.05%
AR	B	0.04%
CXT	F	0.04%
BJ	D	0.04%
LANC	F	0.04%
CRUS	D	0.04%
SIGI	D	0.04%
FOXF	F	0.04%
LSTR	D	0.04%
BHF	F	0.04%
GXO	D	0.04%
LFUS	C	0.04%
PARA	F	0.04%
KEX	C	0.04%
RGA	C	0.04%
SUM	D	0.04%
NEOG	D	0.04%
MMS	B	0.04%
PGRE	D	0.03%
NNI	C	0.03%
MWA	A	0.03%
ATUS	B	0.03%
BMBL	F	0.03%
LTH	C	0.03%
DK	F	0.02%
CMTG	F	0.02%
ENOV	F	0.02%
KFRC	F	0.02%
ASB	F	0.02%

FAB Underweight 301 Positions Relative to QVMS

Symbol	Grade	Weight
ENSG	D	-0.66%
ATI	B	-0.66%
CRS	C	-0.65%
SPSC	D	-0.59%
GKOS	B	-0.54%
VFC	B	-0.52%
BMI	A	-0.51%
NSIT	B	-0.5%
IBP	B	-0.49%
FSS	B	-0.49%
BCPC	C	-0.48%
EPRT	C	-0.47%
MOG.A	A	-0.47%
AVAV	B	-0.47%
AWI	A	-0.46%
ACIW	B	-0.44%
MMSI	C	-0.44%
DY	C	-0.41%
MARA	F	-0.4%
MC	C	-0.4%
ALKS	B	-0.39%
ITRI	C	-0.38%
ACA	C	-0.38%
RDNT	C	-0.38%
VRRM	D	-0.37%
PECO	C	-0.36%
FELE	C	-0.36%
PIPR	B	-0.36%
ITGR	C	-0.35%
SLG	C	-0.35%
AEIS	F	-0.34%
TDW	F	-0.34%
CTRE	B	-0.34%
KRYS	D	-0.34%
SFBS	D	-0.33%
KTB	B	-0.33%
FORM	F	-0.32%
WHD	B	-0.32%
CORT	B	-0.31%
GTES	C	-0.31%
SHAK	C	-0.31%
ACLS	F	-0.3%
FTDR	C	-0.3%
BGC	C	-0.3%
IIPR	C	-0.3%
HCC	B	-0.3%
IDCC	A	-0.29%
WDFC	B	-0.29%
HASI	C	-0.29%
NPO	C	-0.29%
MAC	C	-0.29%
SKT	A	-0.28%
SKYW	B	-0.28%
LRN	C	-0.28%
SXT	C	-0.28%
RXO	D	-0.28%
GVA	A	-0.28%
OTTR	F	-0.28%
AMR	F	-0.27%
BRC	C	-0.27%
APLE	D	-0.27%
MPW	C	-0.26%
ESE	B	-0.26%
STEP	A	-0.25%
ENV	C	-0.25%
SITM	B	-0.25%
CCOI	B	-0.25%
AROC	B	-0.25%
MGEE	C	-0.25%
TBBK	C	-0.24%
PENN	D	-0.24%
TRN	C	-0.24%
AWR	A	-0.24%
PJT	C	-0.24%
IOSP	F	-0.24%
CEIX	B	-0.24%
CRVL	C	-0.24%
PRGS	B	-0.23%
SMPL	D	-0.23%
ALRM	F	-0.23%
ATGE	D	-0.23%
KLIC	D	-0.22%
VIRT	B	-0.22%
NWL	D	-0.22%
CWK	C	-0.22%
JJSF	B	-0.22%
FL	F	-0.22%
CNK	C	-0.22%
MTRN	F	-0.21%
UFPT	D	-0.21%
HWKN	A	-0.21%
SATS	C	-0.21%
PRFT	A	-0.21%
BOH	D	-0.21%
GFF	C	-0.21%
AZZ	C	-0.21%
BL	D	-0.21%
CNS	C	-0.2%
PTGX	C	-0.2%
UE	C	-0.2%
VCEL	F	-0.2%
PLMR	C	-0.2%
IPAR	D	-0.2%
MYGN	D	-0.2%
PRK	D	-0.2%
HBI	B	-0.2%
FCPT	C	-0.2%
EPAC	C	-0.19%
AKR	C	-0.19%
CALX	C	-0.19%
YELP	D	-0.19%
TDS	B	-0.19%
OSIS	B	-0.19%
CARG	C	-0.19%
AGYS	D	-0.19%
EVTC	D	-0.18%
VECO	F	-0.18%
CNMD	D	-0.18%
ENR	B	-0.18%
SHO	D	-0.18%
B	C	-0.18%
ASTH	A	-0.18%
VSTO	D	-0.18%
CPRX	C	-0.18%
SXI	C	-0.18%
GSHD	B	-0.18%
PINC	F	-0.17%
AIR	D	-0.17%
IBTX	D	-0.17%
GRBK	C	-0.17%
JOE	D	-0.17%
ROCK	D	-0.17%
TNC	F	-0.16%
DRH	C	-0.16%
HAYW	B	-0.16%
FTRE	F	-0.16%
ALG	D	-0.16%
KAR	D	-0.16%
UCTT	D	-0.16%
MRCY	B	-0.16%
POWL	A	-0.16%
VIAV	B	-0.16%
PRVA	F	-0.16%
TTMI	D	-0.16%
NEO	F	-0.15%
SUPN	D	-0.15%
VSTS	D	-0.15%
JBLU	B	-0.15%
RAMP	F	-0.14%
TRIP	F	-0.14%
PEB	D	-0.14%
LKFN	F	-0.14%
HLIT	C	-0.14%
HLX	D	-0.14%
PLAB	D	-0.14%
CHCO	D	-0.14%
STAA	D	-0.14%
MYRG	F	-0.14%
LMAT	B	-0.14%
SONO	D	-0.13%
GBX	C	-0.13%
TRUP	D	-0.13%
NTCT	B	-0.13%
CHEF	C	-0.13%
GNL	D	-0.13%
BHE	C	-0.13%
BANF	D	-0.12%
AMWD	B	-0.12%
LTC	D	-0.12%
COHU	F	-0.11%
SCSC	D	-0.11%
WABC	F	-0.11%
MGPI	D	-0.11%
WWW	A	-0.11%
SPNT	D	-0.11%
ARLO	F	-0.1%
HRMY	D	-0.1%
CAL	F	-0.1%
PMT	C	-0.1%
ARI	F	-0.1%
CERT	F	-0.1%
USPH	F	-0.1%
LPG	F	-0.1%
COLL	B	-0.1%
FIZZ	D	-0.09%
CXM	F	-0.09%
DGII	B	-0.09%
EFC	D	-0.09%
CSR	D	-0.09%
AVNS	D	-0.09%
WS	D	-0.09%
TILE	C	-0.09%
ICHR	D	-0.09%
MSEX	C	-0.09%
MD	B	-0.08%
BDN	A	-0.08%
BLFS	D	-0.08%
UTL	C	-0.08%
GPRE	F	-0.08%
AMSF	B	-0.08%
VTOL	D	-0.08%
CLB	D	-0.08%
QNST	B	-0.08%
SBSI	D	-0.08%
MMI	C	-0.08%
NVRI	D	-0.08%
MATV	F	-0.08%
VICR	B	-0.08%
RWT	C	-0.08%
UNFI	B	-0.08%
ATEN	B	-0.08%
DCOM	C	-0.08%
XNCR	D	-0.08%
NXRT	D	-0.08%
ANIP	F	-0.08%
EXPI	C	-0.08%
GIII	C	-0.08%
PRAA	F	-0.08%
AOSL	D	-0.08%
PLAY	D	-0.08%
CARS	F	-0.08%
HCSG	D	-0.07%
SVC	F	-0.07%
RCUS	F	-0.07%
EYE	F	-0.07%
ASIX	A	-0.07%
WNC	F	-0.07%
JBSS	F	-0.07%
DLX	F	-0.07%
XPEL	D	-0.07%
BRKL	D	-0.07%
MNRO	B	-0.07%
NABL	F	-0.07%
EGBN	B	-0.06%
HSTM	B	-0.06%
KREF	C	-0.06%
REX	D	-0.06%
MLAB	B	-0.06%
HZO	D	-0.06%
BGS	D	-0.06%
CFFN	D	-0.06%
HAIN	B	-0.06%
RGR	F	-0.06%
AHH	F	-0.06%
HAYN	B	-0.06%
PRLB	F	-0.06%
ETH	F	-0.06%
DXPE	C	-0.06%
AHCO	C	-0.06%
TMP	D	-0.06%
SCVL	D	-0.06%
VVI	B	-0.06%
CPF	C	-0.06%
HFWA	D	-0.06%
ASTE	F	-0.06%
INN	A	-0.06%
SPTN	B	-0.06%
BJRI	D	-0.06%
PRA	B	-0.06%
HCI	B	-0.06%
HSII	C	-0.06%
AXL	F	-0.06%
SXC	F	-0.06%
CEVA	B	-0.05%
RES	D	-0.05%
UHT	C	-0.05%
MYE	F	-0.05%
HAFC	D	-0.05%
EZPW	D	-0.05%
NBR	F	-0.05%
SMP	D	-0.05%
CHUY	B	-0.05%
MTUS	F	-0.05%
WSR	C	-0.05%
TRST	D	-0.05%
IIIN	F	-0.05%
MCW	F	-0.05%
PUMP	F	-0.05%
KELYA	D	-0.05%
SWI	C	-0.05%
UFCS	D	-0.04%
USNA	F	-0.04%
PAHC	C	-0.04%
RGNX	F	-0.04%
LQDT	C	-0.04%
CCRN	F	-0.04%
CTKB	F	-0.04%
TR	D	-0.04%
GDOT	C	-0.04%
BFS	A	-0.04%
SLP	F	-0.04%
AMBC	F	-0.04%
CLW	F	-0.04%
THRY	F	-0.04%
CRSR	D	-0.03%
MOV	F	-0.03%
WRLD	D	-0.03%
NPK	F	-0.03%
SNCY	D	-0.03%
TWI	F	-0.03%
FLGT	F	-0.03%