FAB vs. SCHJ ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to HCM Defender 500 Index ETF (SCHJ)

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

SCHJ

HCM Defender 500 Index ETF

SCHJ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays US 1-5 Year Corporate Bond Index. To pursue its goal, the fund generally invests in securities that are included in the index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. It is the fund's policy that under normal circumstances it will invest at least 90% of its net assets in securities included in the index.

Grade (RS Rating)

Last Trade

$49.61

Average Daily Volume

51,519

Number of Holdings ^*

436

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SCHJ
30 Days	4.01%	1.27%
60 Days	2.84%	2.86%
90 Days	8.64%	3.38%
12 Months	21.57%	9.41%

199 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in SCHJ	Overlap
	ABT	C	0.1%	0.02%	0.02%
	ADM	D	0.43%	0.02%	0.02%
	AEE	C	0.41%	0.0%	0.0%
	AEP	C	0.41%	0.01%	0.01%
	AFL	C	0.31%	0.01%	0.01%
	AGO	C	0.22%	0.02%	0.02%
	AIG	D	0.35%	0.04%	0.04%
	AIZ	B	0.1%	0.02%	0.02%
	AL	D	0.19%	0.02%	0.02%
	ALLY	F	0.14%	0.03%	0.03%
	AMG	C	0.23%	0.01%	0.01%
	AN	D	0.17%	0.03%	0.03%
	APD	B	0.19%	0.02%	0.02%
	APTV	D	0.42%	0.01%	0.01%
	ARE	C	0.18%	0.02%	0.02%
	ARW	C	0.18%	0.01%	0.01%
	ATO	B	0.41%	0.05%	0.05%
	AVT	C	0.17%	0.03%	0.03%
	AWK	B	0.1%	0.02%	0.02%
	BAC	D	0.25%	0.03%	0.03%
	BC	C	0.14%	0.03%	0.03%
	BEN	F	0.31%	0.01%	0.01%
	BERY	B	0.14%	0.05%	0.05%
	BG	D	0.4%	0.02%	0.02%
	BIIB	F	0.07%	0.1%	0.07%
	BKH	B	0.19%	0.02%	0.02%
	BKU	C	0.12%	0.03%	0.03%
	BLK	B	0.1%	0.07%	0.07%
	BWA	D	0.17%	0.03%	0.03%
	C	C	0.23%	0.03%	0.03%
	CAG	C	0.39%	0.01%	0.01%
	CB	B	0.4%	0.02%	0.02%
	CE	F	0.39%	0.03%	0.03%
	CF	C	0.46%	0.02%	0.02%
	CFG	C	0.39%	0.02%	0.02%
	CHTR	D	0.29%	0.06%	0.06%
	CI	C	0.09%	0.02%	0.02%
	CMA	B	0.1%	0.04%	0.04%
	CMCSA	D	0.44%	0.01%	0.01%
	CMI	C	0.09%	0.0%	0.0%
	CMS	C	0.3%	0.0%	0.0%
	CNO	B	0.12%	0.03%	0.03%
	CNP	C	0.23%	0.02%	0.02%
	COF	B	0.35%	0.01%	0.01%
	COP	D	0.39%	0.09%	0.09%
	CPB	C	0.19%	0.01%	0.01%
	CSCO	C	0.18%	0.03%	0.03%
	CTRA	D	0.37%	0.0%	0.0%
	CTVA	B	0.09%	0.02%	0.02%
	CVS	D	0.43%	0.01%	0.01%
	CVX	D	0.39%	0.02%	0.02%
	D	C	0.3%	0.02%	0.02%
	DD	B	0.09%	0.09%	0.09%
	DE	B	0.27%	0.0%	0.0%
	DG	F	0.05%	0.03%	0.03%
	DGX	B	0.29%	0.03%	0.03%
	DHI	B	0.59%	0.02%	0.02%
	DOV	B	0.18%	0.02%	0.02%
	DOW	D	0.17%	0.04%	0.04%
	DTE	C	0.29%	0.01%	0.01%
	DUK	C	0.3%	0.02%	0.02%
	DVN	F	0.37%	0.02%	0.02%
	DXC	C	0.19%	0.04%	0.04%
	EBAY	B	0.41%	0.03%	0.03%
	ED	C	0.41%	0.03%	0.03%
	EIX	C	0.3%	0.0%	0.0%
	EMN	B	0.13%	0.05%	0.05%
	EOG	D	0.41%	0.02%	0.02%
	EQR	B	0.29%	0.03%	0.03%
	ETR	B	0.51%	0.02%	0.02%
	EVRG	B	0.2%	0.03%	0.03%
	EXC	C	0.51%	0.03%	0.03%
	FAF	B	0.1%	0.03%	0.03%
	FANG	D	0.37%	0.03%	0.03%
	FDX	C	0.24%	0.04%	0.04%
	FE	C	0.29%	0.01%	0.01%
	FHN	D	0.13%	0.02%	0.02%
	FITB	B	0.29%	0.01%	0.01%
	FNB	C	0.13%	0.02%	0.02%
	FOXA	B	0.5%	0.04%	0.04%
	G	C	0.21%	0.02%	0.02%
	GD	B	0.09%	0.02%	0.02%
	GIS	B	0.3%	0.01%	0.01%
	GM	C	0.44%	0.01%	0.01%
	GPN	D	0.5%	0.02%	0.02%
	GS	C	0.18%	0.05%	0.05%
	GXO	D	0.04%	0.02%	0.02%
	HAL	F	0.29%	0.03%	0.03%
	HBAN	B	0.38%	0.02%	0.02%
	HCA	B	0.21%	0.04%	0.04%
	HII	D	0.14%	0.02%	0.02%
	HOG	C	0.23%	0.02%	0.02%
	HP	F	0.18%	0.03%	0.03%
	HPE	D	0.35%	0.03%	0.03%
	HPQ	D	0.17%	0.1%	0.1%
	HRL	C	0.18%	0.05%	0.05%
	HSY	C	0.19%	0.01%	0.01%
	HUM	F	0.07%	0.01%	0.01%
	INTC	F	0.16%	0.02%	0.02%
	IP	B	0.05%	0.03%	0.03%
	IVZ	B	0.05%	0.0%	0.0%
	JBHT	D	0.27%	0.04%	0.04%
	JBL	D	0.24%	0.03%	0.03%
	JCI	B	0.09%	0.03%	0.03%
	JEF	B	0.05%	0.04%	0.04%
	JNJ	C	0.2%	0.02%	0.02%
	K	B	0.12%	0.02%	0.02%
	KDP	B	0.19%	0.02%	0.02%
	KEY	B	0.2%	0.03%	0.03%
	KIM	C	0.21%	0.0%	0.0%
	KMB	D	0.09%	0.02%	0.02%
	KMI	B	0.37%	0.01%	0.01%
	KR	C	0.28%	0.02%	0.02%
	KRC	B	0.2%	0.02%	0.02%
	KSS	F	0.11%	0.02%	0.02%
	L	C	0.37%	0.02%	0.02%
	LEN	B	0.53%	0.02%	0.02%
	LHX	C	0.09%	0.03%	0.03%
	LMT	C	0.21%	0.02%	0.02%
	LNC	D	0.16%	0.02%	0.02%
	LNT	B	0.1%	0.02%	0.02%
	LOW	B	0.2%	0.01%	0.01%
	LUV	C	0.26%	0.04%	0.04%
	LYB	D	0.34%	0.02%	0.02%
	MAA	B	0.1%	0.01%	0.01%
	MDLZ	B	0.1%	0.03%	0.03%
	MDT	C	0.2%	0.1%	0.1%
	MKC	C	0.1%	0.03%	0.03%
	MOS	F	0.19%	0.04%	0.04%
	MPC	F	0.41%	0.03%	0.03%
	MS	D	0.17%	0.03%	0.03%
	MTB	B	0.38%	0.01%	0.01%
	NEE	C	0.21%	0.0%	0.0%
	NFG	B	0.19%	0.01%	0.01%
	NI	B	0.15%	0.06%	0.06%
	NKE	D	0.09%	0.01%	0.01%
	NUE	F	0.39%	0.02%	0.02%
	OC	D	0.33%	0.02%	0.02%
	OGE	C	0.15%	0.01%	0.01%
	OGS	B	0.19%	0.01%	0.01%
	OKE	B	0.19%	0.0%	0.0%
	OMC	B	0.19%	0.02%	0.02%
	ORI	B	0.1%	0.03%	0.03%
	PCG	C	0.4%	0.02%	0.02%
	PEG	B	0.2%	0.02%	0.02%
	PFG	B	0.09%	0.02%	0.02%
	PKG	B	0.2%	0.02%	0.02%
	PNC	B	0.2%	0.02%	0.02%
	PNW	C	0.2%	0.02%	0.02%
	PPG	D	0.17%	0.01%	0.01%
	PRU	C	0.08%	0.01%	0.01%
	PSX	F	0.39%	0.01%	0.01%
	PVH	F	0.19%	0.03%	0.03%
	PYPL	B	0.21%	0.03%	0.03%
	QCOM	D	0.07%	0.02%	0.02%
	R	A	0.19%	0.02%	0.02%
	RF	B	0.28%	0.05%	0.05%
	RGA	C	0.04%	0.02%	0.02%
	RNR	C	0.25%	0.02%	0.02%
	RS	D	0.34%	0.02%	0.02%
	SJM	C	0.38%	0.05%	0.05%
	SNV	C	0.05%	0.02%	0.02%
	SNX	D	0.08%	0.03%	0.03%
	SRE	C	0.28%	0.02%	0.02%
	STLD	F	0.37%	0.02%	0.02%
	STT	A	0.29%	0.01%	0.01%
	SWKS	D	0.24%	0.03%	0.03%
	SYF	C	0.43%	0.05%	0.05%
	SYY	D	0.09%	0.02%	0.02%
	T	C	0.5%	0.01%	0.01%
	TAP	D	0.23%	0.08%	0.08%
	TDY	B	0.28%	0.02%	0.02%
	TEL	D	0.25%	0.03%	0.03%
	TGT	C	0.18%	0.05%	0.05%
	TKR	D	0.13%	0.02%	0.02%
	TSN	C	0.09%	0.02%	0.02%
	TXT	D	0.26%	0.0%	0.0%
	UAL	C	0.45%	0.02%	0.02%
	UHS	B	0.22%	0.04%	0.04%
	UNM	B	0.18%	0.02%	0.02%
	UPS	D	0.16%	0.02%	0.02%
	USB	B	0.28%	0.03%	0.03%
	VLO	F	0.38%	0.03%	0.03%
	VLY	C	0.2%	0.02%	0.02%
	VNO	B	0.06%	0.01%	0.01%
	VOYA	B	0.05%	0.02%	0.02%
	VTR	C	0.11%	0.01%	0.01%
	VZ	B	0.37%	0.02%	0.02%
	WAL	B	0.16%	0.02%	0.02%
	WEC	C	0.31%	0.02%	0.02%
	WFC	D	0.3%	0.02%	0.02%
	WHR	D	0.08%	0.0%	0.0%
	WLK	D	0.08%	0.04%	0.04%
	WMT	C	0.1%	0.03%	0.03%
	WPC	C	0.29%	0.02%	0.02%
	WU	F	0.13%	0.0%	0.0%
	XEL	B	0.42%	0.02%	0.02%
	XOM	C	0.34%	0.03%	0.03%
	ZBH	F	0.25%	0.01%	0.01%

FAB Overweight 461 Positions Relative to SCHJ

	Symbol	Grade	Weight
	CINF	B	0.5%
	BRK.A	C	0.49%
	ACGL	C	0.48%
	EG	C	0.44%
	MKL	C	0.43%
	CNC	D	0.4%
	HIG	B	0.4%
	VTRS	D	0.39%
	EQT	D	0.39%
	UHAL	A	0.39%
	CTSH	C	0.39%
	KHC	C	0.38%
	IPG	C	0.37%
	F	F	0.37%
	SNA	C	0.37%
	LNG	C	0.36%
	WBD	D	0.36%
	OXY	F	0.35%
	LKQ	F	0.33%
	TROW	D	0.32%
	BBY	C	0.3%
	ZM	C	0.29%
	MHO	B	0.28%
	INCY	C	0.27%
	MTH	A	0.26%
	MTG	B	0.25%
	GPI	B	0.25%
	RUSHA	C	0.25%
	KBH	A	0.25%
	TMHC	A	0.25%
	FYBR	C	0.24%
	RDN	C	0.24%
	ESNT	B	0.24%
	JXN	A	0.24%
	LBRDK	F	0.24%
	CRBG	D	0.24%
	BKR	C	0.24%
	ESGR	D	0.23%
	CNXC	F	0.23%
	ASO	C	0.23%
	LAD	D	0.23%
	FMC	C	0.23%
	THC	A	0.21%
	SSNC	B	0.21%
	MOH	D	0.21%
	BTU	D	0.21%
	SIG	C	0.21%
	FNF	B	0.21%
	SEB	D	0.21%
	AGCO	D	0.2%
	LBRT	D	0.2%
	NOG	D	0.2%
	TPH	C	0.2%
	TEX	F	0.2%
	DAR	F	0.2%
	TRV	C	0.2%
	WTM	D	0.2%
	COLB	B	0.2%
	CADE	C	0.19%
	BYD	C	0.19%
	EPAM	F	0.19%
	POR	C	0.19%
	CHK	D	0.19%
	COOP	C	0.19%
	BCC	B	0.19%
	WRB	C	0.19%
	WY	C	0.19%
	SM	F	0.19%
	MDU	C	0.18%
	MUR	F	0.18%
	OVV	F	0.18%
	DINO	F	0.18%
	MTDR	F	0.18%
	GMS	D	0.18%
	NOV	F	0.18%
	PTEN	F	0.17%
	OZK	D	0.17%
	OGN	D	0.17%
	MATX	B	0.17%
	CVI	F	0.17%
	GPC	D	0.17%
	WBS	D	0.17%
	MLI	A	0.16%
	OSK	F	0.16%
	CMC	D	0.16%
	ADTN	D	0.16%
	LEA	F	0.16%
	CLF	F	0.16%
	MGY	C	0.16%
	GL	C	0.16%
	ABG	D	0.16%
	PRG	B	0.16%
	CUZ	B	0.16%
	NMIH	B	0.15%
	PBF	F	0.15%
	URBN	F	0.15%
	INVA	B	0.15%
	PNFP	B	0.15%
	CCS	B	0.15%
	HE	F	0.15%
	KNX	C	0.14%
	WTFC	B	0.14%
	AVA	C	0.14%
	NWN	C	0.14%
	UFPI	C	0.14%
	THO	D	0.14%
	UAA	C	0.14%
	CHRD	F	0.14%
	ONB	C	0.14%
	NWE	B	0.14%
	EIG	C	0.14%
	EWBC	D	0.14%
	SON	C	0.14%
	CNX	B	0.14%
	UTHR	C	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%
	BZH	B	0.14%
	NXST	D	0.13%
	AEO	F	0.13%
	HPP	D	0.13%
	VAL	F	0.13%
	WCC	D	0.13%
	GDEN	D	0.13%
	ALK	C	0.13%
	SANM	D	0.13%
	PII	D	0.13%
	JAZZ	D	0.13%
	PAG	D	0.13%
	GEF	D	0.13%
	IMKTA	D	0.13%
	SPB	C	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%
	SBH	B	0.12%
	INDB	C	0.12%
	RC	F	0.12%
	RLJ	D	0.12%
	ASH	D	0.12%
	AAT	B	0.12%
	FCF	C	0.12%
	OMF	D	0.12%
	CZR	C	0.12%
	LGIH	C	0.12%
	NX	F	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%
	TGNA	D	0.12%
	DNB	C	0.11%
	OLPX	C	0.11%
	UMBF	B	0.11%
	NAVI	C	0.11%
	FRME	D	0.11%
	DNOW	D	0.11%
	REVG	D	0.11%
	OCFC	B	0.11%
	KVUE	C	0.11%
	CATY	C	0.11%
	ATKR	F	0.11%
	SCHL	D	0.11%
	FFBC	D	0.11%
	GAP	F	0.11%
	RRC	D	0.11%
	SNDR	B	0.11%
	CBRE	A	0.11%
	CRI	D	0.11%
	CALM	A	0.11%
	GES	F	0.11%
	CABO	F	0.11%
	JBT	D	0.11%
	BOKF	B	0.1%
	HOMB	B	0.1%
	IDA	C	0.1%
	POOL	C	0.1%
	HTZ	F	0.1%
	UBSI	B	0.1%
	TRGP	B	0.1%
	LILAK	D	0.1%
	ABR	B	0.1%
	ABM	D	0.1%
	CENTA	F	0.1%
	DDS	F	0.1%
	REYN	C	0.1%
	PEBO	C	0.1%
	M	F	0.1%
	SAIC	C	0.1%
	LPX	B	0.1%
	SAH	D	0.1%
	IPGP	F	0.1%
	ADNT	F	0.1%
	USM	C	0.1%
	VSH	F	0.1%
	WGO	D	0.1%
	PB	B	0.1%
	PRDO	D	0.1%
	WERN	D	0.1%
	ABCB	B	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%
	SSB	B	0.1%
	AMN	F	0.09%
	SFNC	B	0.09%
	SWX	C	0.09%
	ELV	C	0.09%
	MSGE	B	0.09%
	SLM	D	0.09%
	J	C	0.09%
	PDCO	F	0.09%
	HWC	D	0.09%
	ASGN	D	0.09%
	GT	F	0.09%
	TSCO	C	0.09%
	UGI	C	0.09%
	TOWN	B	0.09%
	PATK	B	0.09%
	LGND	C	0.09%
	SEIC	C	0.09%
	COLM	C	0.09%
	WTRG	D	0.09%
	ZION	D	0.09%
	TALO	D	0.09%
	EPC	F	0.09%
	MIDD	D	0.09%
	BBWI	F	0.09%
	PARR	F	0.09%
	AYI	B	0.09%
	PRGO	D	0.09%
	CRC	C	0.09%
	DTM	B	0.09%
	VSCO	C	0.09%
	MATW	F	0.09%
	ANDE	D	0.09%
	RYN	C	0.09%
	CRK	D	0.09%
	REZI	D	0.09%
	NJR	B	0.09%
	REGN	C	0.09%
	SASR	B	0.09%
	IAC	C	0.09%
	FBNC	B	0.09%
	CROX	D	0.08%
	JELD	D	0.08%
	NBHC	D	0.08%
	FHI	A	0.08%
	RNST	D	0.08%
	EQC	C	0.08%
	HGV	F	0.08%
	DAN	F	0.08%
	BXC	D	0.08%
	FIBK	B	0.08%
	BECN	D	0.08%
	KMT	B	0.08%
	CENX	D	0.08%
	OMI	D	0.08%
	OI	D	0.08%
	SJW	C	0.08%
	OMCL	C	0.08%
	WSBC	D	0.08%
	AX	D	0.08%
	WSFS	D	0.08%
	UNF	C	0.08%
	SLVM	B	0.08%
	FHB	D	0.08%
	MCRI	C	0.08%
	RJF	C	0.08%
	CTOS	F	0.08%
	ENS	D	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%
	ADV	C	0.08%
	SSTK	F	0.08%
	VBTX	B	0.08%
	OFG	C	0.08%
	CASH	B	0.08%
	DKS	D	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%
	NMRK	A	0.07%
	MLKN	D	0.07%
	ODP	F	0.07%
	CHGG	F	0.07%
	ICUI	B	0.07%
	APOG	B	0.07%
	CNXN	B	0.06%
	SBCF	C	0.06%
	TCBI	B	0.06%
	UCBI	B	0.06%
	CSGS	C	0.06%
	DFIN	B	0.06%
	AUB	D	0.06%
	KLG	C	0.06%
	NIC	C	0.06%
	CPK	B	0.06%
	NHC	D	0.06%
	GOGO	F	0.06%
	ALEX	B	0.06%
	CAR	F	0.06%
	SKY	B	0.06%
	GTY	B	0.06%
	PLUS	A	0.06%
	HELE	D	0.06%
	VAC	F	0.06%
	WAFD	C	0.06%
	DORM	B	0.06%
	DEI	B	0.06%
	DIOD	F	0.06%
	MODG	F	0.06%
	ROIC	B	0.06%
	ZD	D	0.06%
	CBRL	D	0.06%
	CMCO	F	0.06%
	VRTS	F	0.06%
	AMKR	F	0.06%
	GEO	F	0.06%
	SHEN	F	0.05%
	CRUS	D	0.05%
	AVNT	B	0.05%
	HSIC	C	0.05%
	EHC	C	0.05%
	XHR	B	0.05%
	BXMT	C	0.05%
	AFG	B	0.05%
	BPOP	C	0.05%
	LNN	D	0.05%
	CACI	B	0.05%
	EAT	A	0.05%
	PTVE	D	0.05%
	USFD	B	0.05%
	NVST	D	0.05%
	HLI	B	0.05%
	TRS	D	0.05%
	PCH	C	0.05%
	MAT	C	0.05%
	CVBF	D	0.05%
	TFX	C	0.05%
	HTH	C	0.05%
	FULT	D	0.05%
	HLF	F	0.05%
	SNEX	B	0.05%
	TRMK	C	0.05%
	CCK	A	0.05%
	TCBK	D	0.05%
	PBH	B	0.05%
	JLL	B	0.05%
	BUSE	C	0.05%
	PSMT	B	0.05%
	BDC	B	0.05%
	VCTR	B	0.05%
	SRCE	C	0.05%
	PRIM	B	0.05%
	SAFT	D	0.05%
	MCY	D	0.05%
	LCII	C	0.05%
	OEC	F	0.05%
	DEA	B	0.05%
	CWT	C	0.05%
	AR	F	0.04%
	FOXF	D	0.04%
	KALU	F	0.04%
	BJ	D	0.04%
	LANC	D	0.04%
	CACC	F	0.04%
	KWR	D	0.04%
	SEE	D	0.04%
	LFUS	C	0.04%
	BLMN	F	0.04%
	SIGI	D	0.04%
	RHI	D	0.04%
	STRA	F	0.04%
	KEX	C	0.04%
	BHF	F	0.04%
	LSTR	D	0.04%
	PARA	F	0.04%
	SEM	D	0.04%
	NEOG	D	0.04%
	MTX	D	0.04%
	MMS	C	0.04%
	SUM	D	0.04%
	PCRX	F	0.04%
	FUL	C	0.04%
	KFY	B	0.03%
	HMN	D	0.03%
	SHOO	B	0.03%
	WD	A	0.03%
	PGRE	C	0.03%
	GNW	B	0.03%
	FBP	C	0.03%
	LXP	B	0.03%
	AAP	F	0.03%
	NNI	B	0.03%
	MWA	B	0.03%
	ADUS	B	0.03%
	HNI	C	0.03%
	BHLB	B	0.03%
	THS	C	0.03%
	NBTB	D	0.03%
	CWEN	C	0.03%
	STC	B	0.03%
	FBK	B	0.03%
	JBGS	C	0.03%
	BOOT	A	0.03%
	VSAT	F	0.03%
	BMBL	F	0.03%
	CBU	C	0.03%
	PLXS	A	0.03%
	CVCO	A	0.03%
	PFS	B	0.03%
	FDP	C	0.03%
	LTH	B	0.03%
	HI	F	0.02%
	GO	F	0.02%
	DK	F	0.02%
	ROG	F	0.02%
	OXM	F	0.02%
	SCL	D	0.02%
	XRX	D	0.02%
	CTS	D	0.02%
	CAKE	C	0.02%
	THRM	D	0.02%
	WOR	D	0.02%
	ENOV	D	0.02%
	OII	D	0.02%
	ASB	D	0.02%
	NVEE	F	0.02%
	CMTG	D	0.02%
	APAM	C	0.02%
	KFRC	D	0.02%
	AIN	D	0.02%
	ATUS	C	0.02%
	PPBI	D	0.02%
	IART	F	0.01%

FAB Underweight 237 Positions Relative to SCHJ

	Symbol	Grade	Weight
	CARR	B	-0.1%
	BABA	B	-0.09%
	V	C	-0.09%
	OTIS	C	-0.07%
	KLAC	D	-0.07%
	CME	C	-0.07%
	STLA	F	-0.07%
	GILD	B	-0.07%
	WBA	F	-0.06%
	TMUS	C	-0.06%
	ORCL	C	-0.06%
	ETN	C	-0.05%
	KO	C	-0.05%
	MCHP	F	-0.05%
	ADP	B	-0.05%
	SF	A	-0.05%
	VRSK	D	-0.05%
	BDX	D	-0.05%
	DLTR	F	-0.05%
	MRK	D	-0.05%
	MSFT	C	-0.05%
	ITW	C	-0.04%
	SPGI	B	-0.04%
	AMAT	D	-0.04%
	NTRS	A	-0.04%
	BHP	D	-0.04%
	PPL	C	-0.04%
	MLM	D	-0.04%
	VFC	C	-0.04%
	PH	B	-0.04%
	MA	B	-0.04%
	HON	D	-0.04%
	RPRX	C	-0.04%
	GSK	C	-0.04%
	NOC	B	-0.04%
	DIS	D	-0.04%
	SBUX	C	-0.04%
	AXP	B	-0.04%
	AMZN	C	-0.04%
	AAPL	C	-0.04%
	DELL	D	-0.04%
	AMCR	B	-0.03%
	TPR	C	-0.03%
	KEYS	C	-0.03%
	VMC	D	-0.03%
	THG	B	-0.03%
	DLR	B	-0.03%
	EA	D	-0.03%
	PHM	B	-0.03%
	IFF	B	-0.03%
	EMR	D	-0.03%
	KMPR	D	-0.03%
	HAS	B	-0.03%
	CLX	C	-0.03%
	MAIN	B	-0.03%
	RL	C	-0.03%
	GP	D	-0.03%
	TME	F	-0.03%
	GWW	B	-0.03%
	FTNT	C	-0.03%
	LII	B	-0.03%
	LDOS	B	-0.03%
	MHK	C	-0.03%
	WB	D	-0.03%
	BAX	C	-0.03%
	FRT	C	-0.03%
	OPI	F	-0.03%
	FTV	C	-0.03%
	JD	C	-0.03%
	MSI	B	-0.03%
	AWH	F	-0.03%
	JHG	B	-0.03%
	VNT	F	-0.03%
	VRSN	D	-0.03%
	ALL	B	-0.03%
	SWK	B	-0.03%
	TT	B	-0.03%
	TMO	B	-0.03%
	WMB	B	-0.03%
	LVS	D	-0.03%
	MU	F	-0.03%
	EPD	B	-0.03%
	NVDA	D	-0.03%
	FIS	B	-0.03%
	PFE	C	-0.03%
	GOOGL	D	-0.03%
	ARCC	B	-0.03%
	BIDU	D	-0.03%
	GE	B	-0.03%
	IBM	B	-0.03%
	ABBV	C	-0.03%
	HSBC	B	-0.03%
	TSLX	C	-0.02%
	TCPC	F	-0.02%
	ALLE	B	-0.02%
	ADI	C	-0.02%
	LEG	D	-0.02%
	SBRA	C	-0.02%
	OCSL	F	-0.02%
	EQH	C	-0.02%
	HTGC	D	-0.02%
	NEU	D	-0.02%
	BCSF	B	-0.02%
	PSEC	C	-0.02%
	HES	F	-0.02%
	TRMB	C	-0.02%
	ADSK	C	-0.02%
	JNPR	B	-0.02%
	ILMN	C	-0.02%
	HRB	C	-0.02%
	RPM	B	-0.02%
	EL	F	-0.02%
	GBDC	C	-0.02%
	DAL	C	-0.02%
	LLY	C	-0.02%
	HUBB	B	-0.02%
	LAZ	B	-0.02%
	BR	D	-0.02%
	GSBD	D	-0.02%
	SLG	B	-0.02%
	WM	D	-0.02%
	MRVL	C	-0.02%
	ROK	D	-0.02%
	INTU	C	-0.02%
	NTAP	D	-0.02%
	SHW	B	-0.02%
	AON	B	-0.02%
	A	C	-0.02%
	MCO	B	-0.02%
	H	C	-0.02%
	CNA	C	-0.02%
	NNN	C	-0.02%
	EQIX	C	-0.02%
	TJX	B	-0.02%
	CAH	C	-0.02%
	MMM	B	-0.02%
	WAB	B	-0.02%
	SITC	D	-0.02%
	ORLY	C	-0.02%
	NDAQ	A	-0.02%
	EXPE	C	-0.02%
	BKNG	C	-0.02%
	AMP	A	-0.02%
	LH	C	-0.02%
	SYK	C	-0.02%
	ROST	C	-0.02%
	AGR	B	-0.02%
	PM	C	-0.02%
	CNH	D	-0.02%
	MET	B	-0.02%
	NXPI	F	-0.02%
	SPG	B	-0.02%
	HST	C	-0.02%
	GLPI	C	-0.02%
	STZ	D	-0.02%
	CRM	D	-0.02%
	MO	C	-0.02%
	CAT	B	-0.02%
	CM	B	-0.02%
	ICE	C	-0.02%
	MMC	C	-0.02%
	SLB	F	-0.02%
	RTX	C	-0.02%
	VOD	C	-0.02%
	PG	C	-0.02%
	AVGO	C	-0.02%
	MAR	C	-0.02%
	BXP	B	-0.02%
	AER	B	-0.02%
	BNS	B	-0.02%
	DB	B	-0.02%
	PEP	C	-0.02%
	ZTS	C	-0.02%
	TFC	C	-0.02%
	DFS	B	-0.02%
	BMY	C	-0.02%
	RY	B	-0.02%
	MUFG	D	-0.02%
	NWG	C	-0.02%
	JPM	D	-0.02%
	CHD	D	-0.01%
	NEM	B	-0.01%
	BRO	C	-0.01%
	ALB	D	-0.01%
	PDM	B	-0.01%
	CSL	B	-0.01%
	O	C	-0.01%
	CSX	D	-0.01%
	OHI	B	-0.01%
	EFX	B	-0.01%
	RSG	D	-0.01%
	ROP	C	-0.01%
	CP	C	-0.01%
	DHR	B	-0.01%
	WRK	C	-0.01%
	ES	C	-0.01%
	PSA	B	-0.01%
	AVB	B	-0.01%
	LRCX	F	-0.01%
	PAA	C	-0.01%
	MCK	F	-0.01%
	ADBE	F	-0.01%
	SCHW	D	-0.01%
	CCI	C	-0.01%
	HD	B	-0.01%
	BK	B	-0.01%
	UNH	C	-0.01%
	AMGN	B	-0.01%
	BMO	C	-0.01%
	TD	B	-0.01%
	AMT	C	-0.01%
	AZN	D	-0.01%
	MCD	B	-0.01%
	BA	F	-0.01%
	FCNCA	D	-0.0%
	COST	B	-0.0%
	SCCO	D	-0.0%
	PCAR	D	-0.0%
	FLEX	C	-0.0%
	CUBE	B	-0.0%
	APH	D	-0.0%
	AZO	D	-0.0%
	ESS	B	-0.0%
	BDN	B	-0.0%
	BRX	B	-0.0%
	NSC	C	-0.0%
	TXN	C	-0.0%
	CL	D	-0.0%
	UNP	C	-0.0%
	LIN	B	-0.0%
	WELL	C	-0.0%
	BSX	B	-0.0%
	AES	C	-0.0%
	DOC	C	-0.0%
	FSK	B	-0.0%
	MPLX	B	-0.0%
	SO	B	-0.0%

FAB: Top Represented Industries & Keywords

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

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

SCHJ: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Drug Manufacturers - Major Credit Services Diversified Industrials Semiconductors REIT - Office Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas E&P Packaged Foods REIT - Retail Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Computing Electronics Financial Products Insurance Products Cash Management Aerospace Chemical Commercial Banking Semiconductor Disability