FAB vs. SPXE ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to ProShares S&P 500 Ex-Energy ETF (SPXE)

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

$84.22

Average Daily Volume

3,790

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

SPXE

ProShares S&P 500 Ex-Energy ETF

SPXE Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Energy Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500® Index (the "S&P 500®") with the exception of those companies included in the Energy Sector.

Grade (RS Rating)

Last Trade

$61.62

Average Daily Volume

1,552

Number of Holdings ^*

477

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SPXE
30 Days	2.04%	4.17%
60 Days	7.10%	11.42%
90 Days	9.05%	3.55%
12 Months	27.16%	37.83%

178 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in SPXE	Overlap
	ABT	C	0.09%	0.42%	0.09%
	ACGL	A	0.47%	0.09%	0.09%
	ADM	F	0.42%	0.06%	0.06%
	AEE	A	0.41%	0.05%	0.05%
	AEP	C	0.39%	0.12%	0.12%
	AFL	A	0.3%	0.12%	0.12%
	AIG	C	0.33%	0.1%	0.1%
	AIZ	B	0.1%	0.02%	0.02%
	APD	C	0.19%	0.14%	0.14%
	APTV	D	0.44%	0.04%	0.04%
	ARE	D	0.17%	0.04%	0.04%
	ATO	A	0.4%	0.05%	0.05%
	AWK	D	0.09%	0.06%	0.06%
	BAC	B	0.24%	0.57%	0.24%
	BBWI	F	0.1%	0.02%	0.02%
	BBY	C	0.3%	0.04%	0.04%
	BEN	F	0.31%	0.01%	0.01%
	BG	F	0.38%	0.03%	0.03%
	BIIB	F	0.07%	0.06%	0.06%
	BLK	A	0.1%	0.28%	0.1%
	BRK.A	B	0.47%	1.78%	0.47%
	BWA	C	0.19%	0.02%	0.02%
	C	B	0.24%	0.25%	0.24%
	CAG	D	0.38%	0.03%	0.03%
	CB	A	0.38%	0.23%	0.23%
	CBRE	C	0.11%	0.08%	0.08%
	CE	D	0.43%	0.03%	0.03%
	CF	A	0.48%	0.03%	0.03%
	CFG	C	0.38%	0.04%	0.04%
	CHTR	D	0.27%	0.07%	0.07%
	CI	D	0.09%	0.2%	0.09%
	CINF	A	0.48%	0.05%	0.05%
	CMCSA	B	0.45%	0.34%	0.34%
	CMI	A	0.1%	0.09%	0.09%
	CMS	A	0.29%	0.04%	0.04%
	CNC	F	0.38%	0.08%	0.08%
	CNP	B	0.23%	0.04%	0.04%
	COF	A	0.36%	0.12%	0.12%
	CPB	D	0.18%	0.02%	0.02%
	CSCO	A	0.19%	0.45%	0.19%
	CTSH	B	0.38%	0.08%	0.08%
	CTVA	A	0.09%	0.09%	0.09%
	CVS	D	0.44%	0.17%	0.17%
	CZR	B	0.13%	0.02%	0.02%
	D	A	0.29%	0.1%	0.1%
	DD	C	0.09%	0.08%	0.08%
	DE	C	0.27%	0.23%	0.23%
	DG	F	0.05%	0.04%	0.04%
	DGX	D	0.28%	0.04%	0.04%
	DHI	C	0.57%	0.12%	0.12%
	DOV	C	0.18%	0.06%	0.06%
	DOW	B	0.17%	0.08%	0.08%
	DTE	B	0.28%	0.06%	0.06%
	DUK	C	0.28%	0.19%	0.19%
	EBAY	A	0.4%	0.07%	0.07%
	ED	C	0.39%	0.08%	0.08%
	EG	A	0.43%	0.04%	0.04%
	EIX	C	0.3%	0.07%	0.07%
	ELV	F	0.08%	0.25%	0.08%
	EMN	C	0.14%	0.03%	0.03%
	EPAM	F	0.18%	0.02%	0.02%
	EQR	C	0.26%	0.05%	0.05%
	ETR	A	0.51%	0.06%	0.06%
	EVRG	C	0.19%	0.03%	0.03%
	EXC	C	0.49%	0.09%	0.09%
	EXPD	D	0.08%	0.04%	0.04%
	F	D	0.36%	0.09%	0.09%
	FDX	F	0.22%	0.13%	0.13%
	FE	C	0.28%	0.05%	0.05%
	FITB	C	0.29%	0.06%	0.06%
	FMC	C	0.24%	0.02%	0.02%
	FOXA	B	0.51%	0.02%	0.02%
	GD	C	0.08%	0.16%	0.08%
	GIS	C	0.29%	0.09%	0.09%
	GL	C	0.16%	0.02%	0.02%
	GM	D	0.42%	0.11%	0.11%
	GPC	D	0.17%	0.04%	0.04%
	GPN	F	0.44%	0.06%	0.06%
	GS	B	0.18%	0.33%	0.18%
	HBAN	B	0.37%	0.05%	0.05%
	HCA	C	0.21%	0.16%	0.16%
	HIG	A	0.39%	0.07%	0.07%
	HII	F	0.13%	0.02%	0.02%
	HPE	B	0.4%	0.06%	0.06%
	HPQ	B	0.17%	0.07%	0.07%
	HRL	F	0.17%	0.02%	0.02%
	HSIC	D	0.05%	0.02%	0.02%
	HSY	D	0.18%	0.06%	0.06%
	HUM	F	0.07%	0.08%	0.07%
	INCY	B	0.27%	0.02%	0.02%
	INTC	D	0.19%	0.21%	0.19%
	IP	C	0.05%	0.04%	0.04%
	IPG	D	0.36%	0.03%	0.03%
	IVZ	A	0.05%	0.02%	0.02%
	J	F	0.09%	0.03%	0.03%
	JBHT	D	0.26%	0.03%	0.03%
	JBL	C	0.28%	0.03%	0.03%
	JCI	C	0.09%	0.11%	0.09%
	JNJ	D	0.18%	0.82%	0.18%
	K	B	0.11%	0.05%	0.05%
	KDP	C	0.19%	0.08%	0.08%
	KEY	B	0.2%	0.03%	0.03%
	KHC	F	0.37%	0.07%	0.07%
	KIM	C	0.2%	0.03%	0.03%
	KMB	D	0.08%	0.1%	0.08%
	KR	C	0.28%	0.08%	0.08%
	KVUE	C	0.1%	0.09%	0.09%
	L	C	0.35%	0.03%	0.03%
	LEN	C	0.52%	0.1%	0.1%
	LHX	A	0.09%	0.1%	0.09%
	LKQ	F	0.33%	0.02%	0.02%
	LMT	A	0.21%	0.26%	0.21%
	LNT	B	0.1%	0.03%	0.03%
	LOW	C	0.2%	0.33%	0.2%
	LUV	B	0.25%	0.04%	0.04%
	LYB	B	0.34%	0.05%	0.05%
	MAA	D	0.09%	0.04%	0.04%
	MDLZ	D	0.09%	0.21%	0.09%
	MDT	C	0.19%	0.24%	0.19%
	MKC	C	0.1%	0.04%	0.04%
	MOH	F	0.19%	0.04%	0.04%
	MOS	F	0.19%	0.02%	0.02%
	MS	A	0.18%	0.27%	0.18%
	MTB	A	0.39%	0.06%	0.06%
	NEE	C	0.2%	0.37%	0.2%
	NI	A	0.15%	0.03%	0.03%
	NKE	D	0.1%	0.22%	0.1%
	NRG	A	0.15%	0.04%	0.04%
	NUE	D	0.4%	0.08%	0.08%
	OMC	C	0.19%	0.04%	0.04%
	PARA	F	0.04%	0.01%	0.01%
	PCG	C	0.38%	0.09%	0.09%
	PEG	A	0.2%	0.09%	0.09%
	PFG	A	0.09%	0.04%	0.04%
	PKG	B	0.2%	0.04%	0.04%
	PNC	C	0.2%	0.16%	0.16%
	PNW	C	0.19%	0.02%	0.02%
	POOL	D	0.1%	0.03%	0.03%
	PPG	D	0.18%	0.07%	0.07%
	PRU	B	0.08%	0.09%	0.08%
	PYPL	A	0.22%	0.17%	0.17%
	QCOM	D	0.07%	0.4%	0.07%
	REGN	D	0.08%	0.23%	0.08%
	RF	B	0.28%	0.05%	0.05%
	RJF	B	0.08%	0.05%	0.05%
	SJM	D	0.37%	0.03%	0.03%
	SNA	C	0.37%	0.03%	0.03%
	SRE	C	0.27%	0.11%	0.11%
	STLD	C	0.41%	0.04%	0.04%
	STT	A	0.29%	0.06%	0.06%
	SWKS	F	0.23%	0.03%	0.03%
	SYF	A	0.44%	0.04%	0.04%
	SYY	D	0.09%	0.08%	0.08%
	T	B	0.48%	0.33%	0.33%
	TAP	D	0.23%	0.02%	0.02%
	TDY	A	0.27%	0.04%	0.04%
	TFX	C	0.05%	0.02%	0.02%
	TGT	C	0.18%	0.15%	0.15%
	TROW	D	0.32%	0.05%	0.05%
	TRV	B	0.19%	0.11%	0.11%
	TSCO	A	0.09%	0.07%	0.07%
	TSN	D	0.09%	0.04%	0.04%
	TXT	F	0.25%	0.04%	0.04%
	UAL	A	0.5%	0.04%	0.04%
	UHS	D	0.21%	0.03%	0.03%
	UPS	D	0.16%	0.21%	0.16%
	USB	C	0.28%	0.15%	0.15%
	VTR	C	0.1%	0.06%	0.06%
	VTRS	D	0.36%	0.03%	0.03%
	VZ	C	0.36%	0.4%	0.36%
	WBD	F	0.38%	0.04%	0.04%
	WEC	B	0.3%	0.06%	0.06%
	WFC	B	0.32%	0.41%	0.32%
	WMT	A	0.1%	0.74%	0.1%
	WRB	C	0.18%	0.04%	0.04%
	WY	C	0.2%	0.05%	0.05%
	XEL	C	0.4%	0.08%	0.08%
	ZBH	F	0.24%	0.05%	0.05%

FAB Overweight 482 Positions Relative to SPXE

	Symbol	Grade	Weight
	MKL	B	0.42%
	EOG	B	0.41%
	EQT	C	0.41%
	UHAL	C	0.4%
	PSX	D	0.39%
	CVX	B	0.39%
	MPC	D	0.39%
	COP	D	0.38%
	KMI	A	0.37%
	CTRA	D	0.37%
	FANG	D	0.36%
	VLO	F	0.36%
	OC	C	0.34%
	XOM	A	0.34%
	OXY	D	0.34%
	RS	D	0.34%
	LNG	A	0.34%
	DVN	F	0.34%
	ZM	B	0.29%
	MHO	C	0.29%
	LBRDK	C	0.29%
	WPC	C	0.28%
	HAL	D	0.28%
	GPI	C	0.27%
	MTH	C	0.26%
	TMHC	C	0.26%
	RUSHA	D	0.26%
	LAD	C	0.26%
	TEL	D	0.25%
	RNR	A	0.25%
	BKR	B	0.25%
	KBH	D	0.25%
	JXN	A	0.25%
	HOG	D	0.24%
	CRBG	B	0.24%
	BTU	B	0.24%
	MTG	A	0.24%
	FYBR	C	0.23%
	ASO	D	0.23%
	RDN	D	0.23%
	SIG	C	0.23%
	AMG	B	0.23%
	ESNT	A	0.23%
	COLB	C	0.22%
	ESGR	C	0.22%
	SEB	F	0.21%
	FNF	C	0.21%
	KRC	C	0.21%
	AGCO	D	0.21%
	CHK	C	0.21%
	VLY	C	0.21%
	DAR	F	0.21%
	AGO	B	0.21%
	NOG	D	0.2%
	PVH	D	0.2%
	BYD	B	0.2%
	SSNC	C	0.2%
	TEX	F	0.2%
	G	A	0.2%
	AL	D	0.2%
	TPH	C	0.2%
	THC	D	0.2%
	BCC	C	0.2%
	COOP	B	0.19%
	OKE	A	0.19%
	BKH	C	0.19%
	GMS	B	0.19%
	LBRT	D	0.19%
	AN	D	0.19%
	UNM	A	0.19%
	SM	D	0.19%
	OGS	C	0.19%
	WTM	C	0.19%
	R	C	0.19%
	DINO	F	0.18%
	WBS	D	0.18%
	ABG	D	0.18%
	CVI	D	0.18%
	MATX	C	0.18%
	DXC	C	0.18%
	MDU	C	0.18%
	CADE	B	0.18%
	ARW	C	0.18%
	POR	D	0.18%
	NFG	A	0.18%
	CMC	D	0.17%
	PRG	C	0.17%
	LNC	B	0.17%
	CNXC	F	0.17%
	WAL	C	0.17%
	MUR	F	0.17%
	OVV	D	0.17%
	OZK	D	0.17%
	MTDR	D	0.17%
	CLF	D	0.17%
	HP	D	0.17%
	NOV	F	0.17%
	AVT	B	0.17%
	CUZ	C	0.16%
	MLI	B	0.16%
	MGY	B	0.16%
	ADTN	C	0.16%
	UAA	B	0.16%
	LEA	F	0.16%
	BERY	C	0.15%
	UFPI	C	0.15%
	ALLY	F	0.15%
	THO	C	0.15%
	BZH	C	0.15%
	PNFP	B	0.15%
	CCS	C	0.15%
	PTEN	F	0.15%
	OSK	F	0.15%
	OGN	F	0.15%
	URBN	F	0.15%
	CNX	A	0.15%
	PAG	D	0.14%
	ATSG	D	0.14%
	LZB	D	0.14%
	NWE	C	0.14%
	AEO	C	0.14%
	AGNC	B	0.14%
	EBC	B	0.14%
	APA	F	0.14%
	EWBC	B	0.14%
	ALK	C	0.14%
	GHC	A	0.14%
	AXS	A	0.14%
	UTHR	C	0.14%
	INVA	B	0.14%
	PBF	F	0.14%
	BNL	C	0.14%
	OGE	C	0.14%
	PHIN	D	0.14%
	NMIH	B	0.14%
	BC	C	0.14%
	LGIH	C	0.13%
	ALGT	D	0.13%
	FNB	D	0.13%
	ENVA	B	0.13%
	OLN	D	0.13%
	JAZZ	F	0.13%
	SANM	D	0.13%
	CHRD	F	0.13%
	IMKTA	F	0.13%
	GEF	B	0.13%
	SPB	C	0.13%
	WMK	D	0.13%
	TKR	B	0.13%
	HE	F	0.13%
	SR	D	0.13%
	UVV	D	0.13%
	SON	D	0.13%
	EIG	A	0.13%
	ONB	D	0.13%
	AVA	D	0.13%
	NWN	D	0.13%
	WTFC	B	0.13%
	WCC	D	0.13%
	KNX	D	0.13%
	PII	D	0.13%
	TGNA	B	0.13%
	FCF	D	0.12%
	BKU	D	0.12%
	CXW	F	0.12%
	HPP	F	0.12%
	CALM	A	0.12%
	RLJ	D	0.12%
	GES	F	0.12%
	STBA	D	0.12%
	EFSC	D	0.12%
	CNO	B	0.12%
	CABO	F	0.12%
	NX	F	0.12%
	SBH	B	0.12%
	KOP	F	0.12%
	HIW	C	0.12%
	OMF	D	0.12%
	RYI	D	0.12%
	FHN	D	0.12%
	JBT	B	0.12%
	GDEN	D	0.12%
	WU	D	0.12%
	NXST	D	0.12%
	VAL	F	0.12%
	FRME	D	0.11%
	FFBC	D	0.11%
	OLPX	C	0.11%
	LPX	C	0.11%
	CATY	B	0.11%
	SCHL	F	0.11%
	ARCH	D	0.11%
	KSS	D	0.11%
	HTZ	F	0.11%
	INDB	D	0.11%
	OCFC	C	0.11%
	IPGP	D	0.11%
	DDS	D	0.11%
	GAP	F	0.11%
	DNOW	F	0.11%
	SNDR	D	0.11%
	CUBI	F	0.11%
	AAT	C	0.11%
	RRC	D	0.11%
	RC	F	0.11%
	ADNT	F	0.11%
	ASH	F	0.11%
	MIDD	D	0.1%
	PB	D	0.1%
	GT	F	0.1%
	CMA	C	0.1%
	ANDE	D	0.1%
	IAC	C	0.1%
	LILAK	D	0.1%
	ABM	D	0.1%
	SAIC	A	0.1%
	REZI	D	0.1%
	USM	B	0.1%
	M	D	0.1%
	PRDO	D	0.1%
	IBOC	D	0.1%
	HUBG	D	0.1%
	FAF	C	0.1%
	SLGN	B	0.1%
	PFBC	D	0.1%
	ABCB	C	0.1%
	NAVI	D	0.1%
	DNB	D	0.1%
	VSH	F	0.1%
	CRK	B	0.1%
	WGO	D	0.1%
	CRI	D	0.1%
	WERN	D	0.1%
	UMBF	C	0.1%
	SAH	D	0.1%
	VSCO	C	0.1%
	SSB	C	0.1%
	ABR	C	0.1%
	REVG	D	0.1%
	ATKR	F	0.1%
	SNX	C	0.09%
	VBTX	C	0.09%
	DAN	D	0.09%
	COLM	B	0.09%
	EPC	F	0.09%
	SLVM	C	0.09%
	MSGE	B	0.09%
	WHR	C	0.09%
	HWC	D	0.09%
	MATW	F	0.09%
	ASGN	D	0.09%
	SWX	C	0.09%
	SSTK	F	0.09%
	PDCO	F	0.09%
	SEIC	B	0.09%
	ZION	D	0.09%
	SLM	B	0.09%
	SASR	B	0.09%
	UGI	C	0.09%
	DTM	A	0.09%
	NJR	C	0.09%
	FBNC	B	0.09%
	RYN	C	0.09%
	IDA	D	0.09%
	CENTA	F	0.09%
	PATK	A	0.09%
	CENX	C	0.09%
	REYN	D	0.09%
	CRC	B	0.09%
	HOMB	D	0.09%
	AYI	A	0.09%
	TRGP	A	0.09%
	UBSI	D	0.09%
	BOKF	B	0.09%
	PEBO	F	0.09%
	ORI	A	0.09%
	OMCL	C	0.08%
	AX	D	0.08%
	ADV	F	0.08%
	FIBK	C	0.08%
	FHB	D	0.08%
	CBRL	D	0.08%
	HGV	F	0.08%
	APOG	B	0.08%
	KMT	C	0.08%
	UNF	A	0.08%
	BXC	D	0.08%
	CTOS	F	0.08%
	FHI	A	0.08%
	AMN	F	0.08%
	TALO	D	0.08%
	NWBI	D	0.08%
	BECN	D	0.08%
	DKS	D	0.08%
	CASH	C	0.08%
	HOPE	B	0.08%
	LGND	C	0.08%
	ENS	B	0.08%
	MCRI	B	0.08%
	CROX	C	0.08%
	SKX	B	0.08%
	JELD	D	0.08%
	PRGO	F	0.08%
	PNM	B	0.08%
	BANR	B	0.08%
	OFG	D	0.08%
	BKE	B	0.08%
	OI	D	0.08%
	OMI	F	0.08%
	PARR	F	0.08%
	SFNC	B	0.08%
	WLK	C	0.08%
	TOWN	C	0.08%
	WTRG	D	0.08%
	RIG	F	0.07%
	CHGG	F	0.07%
	MRTN	F	0.07%
	MODG	F	0.07%
	KOS	F	0.07%
	HTLD	F	0.07%
	CAR	D	0.07%
	ICUI	B	0.07%
	ODP	F	0.07%
	ARCB	F	0.07%
	EQC	D	0.07%
	CMCO	D	0.07%
	NMRK	C	0.07%
	KN	B	0.07%
	RNST	D	0.07%
	ECVT	F	0.07%
	WSBC	D	0.07%
	NBHC	D	0.07%
	SJW	D	0.07%
	WSFS	D	0.07%
	LCII	C	0.06%
	CPK	C	0.06%
	VCTR	A	0.06%
	PRIM	A	0.06%
	CSGS	B	0.06%
	CNXN	C	0.06%
	GTY	C	0.06%
	MCY	B	0.06%
	OEC	F	0.06%
	WAFD	D	0.06%
	SKY	C	0.06%
	BDC	A	0.06%
	DORM	C	0.06%
	ROIC	C	0.06%
	VNO	B	0.06%
	VAC	D	0.06%
	DIOD	F	0.06%
	GEO	D	0.06%
	ZD	D	0.06%
	DEI	A	0.06%
	HELE	D	0.06%
	AMKR	F	0.06%
	PLUS	B	0.06%
	VRTS	D	0.06%
	MLKN	F	0.06%
	SNV	D	0.05%
	AFG	A	0.05%
	VOYA	A	0.05%
	BPOP	D	0.05%
	EHC	C	0.05%
	BXMT	C	0.05%
	USFD	C	0.05%
	PCH	C	0.05%
	TRS	D	0.05%
	AVNT	C	0.05%
	CACI	A	0.05%
	HTH	F	0.05%
	LNN	C	0.05%
	HLI	A	0.05%
	MAT	B	0.05%
	PCRX	D	0.05%
	PTVE	D	0.05%
	CVBF	B	0.05%
	NVST	D	0.05%
	PBH	D	0.05%
	EAT	A	0.05%
	HLF	F	0.05%
	XHR	A	0.05%
	TRMK	D	0.05%
	FULT	D	0.05%
	BUSE	D	0.05%
	TCBK	D	0.05%
	JEF	A	0.05%
	KLG	F	0.05%
	SRCE	D	0.05%
	DEA	D	0.05%
	SNEX	B	0.05%
	SAFT	D	0.05%
	DFIN	B	0.05%
	CWT	D	0.05%
	CCK	C	0.05%
	GOGO	F	0.05%
	SBCF	D	0.05%
	JLL	C	0.05%
	UCBI	B	0.05%
	PSMT	A	0.05%
	AUB	D	0.05%
	ALEX	D	0.05%
	NIC	D	0.05%
	NHC	D	0.05%
	TCBI	B	0.05%
	AR	C	0.04%
	CXT	F	0.04%
	BJ	B	0.04%
	LANC	F	0.04%
	CRUS	D	0.04%
	KALU	D	0.04%
	STRA	F	0.04%
	SIGI	D	0.04%
	SEM	D	0.04%
	FOXF	F	0.04%
	BLMN	F	0.04%
	KWR	F	0.04%
	LSTR	F	0.04%
	BHF	D	0.04%
	SHEN	F	0.04%
	GXO	D	0.04%
	LFUS	C	0.04%
	FUL	F	0.04%
	KEX	C	0.04%
	RGA	B	0.04%
	MTX	C	0.04%
	RHI	D	0.04%
	SEE	C	0.04%
	SUM	F	0.04%
	NEOG	F	0.04%
	MMS	C	0.04%
	PGRE	D	0.03%
	PPBI	D	0.03%
	HMN	B	0.03%
	KFY	C	0.03%
	NNI	B	0.03%
	LXP	D	0.03%
	GNW	A	0.03%
	ADUS	D	0.03%
	NBTB	D	0.03%
	FBP	B	0.03%
	WD	C	0.03%
	THS	D	0.03%
	SHOO	A	0.03%
	JBGS	C	0.03%
	AAP	F	0.03%
	HNI	B	0.03%
	BHLB	D	0.03%
	FBK	B	0.03%
	MWA	A	0.03%
	STC	D	0.03%
	CBU	D	0.03%
	ATUS	C	0.03%
	CWEN	C	0.03%
	CVCO	C	0.03%
	BMBL	F	0.03%
	PFS	D	0.03%
	BOOT	B	0.03%
	LTH	B	0.03%
	PLXS	A	0.03%
	FDP	C	0.03%
	HI	F	0.02%
	DK	F	0.02%
	GO	F	0.02%
	WOR	F	0.02%
	OXM	F	0.02%
	XRX	D	0.02%
	ROG	D	0.02%
	SCL	D	0.02%
	CMTG	F	0.02%
	CTS	B	0.02%
	VSAT	F	0.02%
	ENOV	F	0.02%
	THRM	F	0.02%
	KFRC	F	0.02%
	NVEE	F	0.02%
	ASB	D	0.02%
	CAKE	A	0.02%
	AIN	F	0.02%
	APAM	B	0.02%
	OII	D	0.02%
	IART	F	0.01%

FAB Underweight 299 Positions Relative to SPXE

	Symbol	Grade	Weight
	AAPL	C	-7.48%
	MSFT	D	-6.75%
	NVDA	B	-6.31%
	AMZN	C	-3.68%
	META	A	-2.64%
	GOOGL	B	-2.05%
	AVGO	B	-1.7%
	GOOG	B	-1.7%
	TSLA	C	-1.53%
	LLY	D	-1.48%
	JPM	C	-1.27%
	UNH	B	-1.14%
	V	B	-0.97%
	MA	A	-0.86%
	PG	D	-0.86%
	HD	A	-0.85%
	COST	C	-0.83%
	ABBV	C	-0.74%
	NFLX	A	-0.64%
	MRK	F	-0.61%
	KO	C	-0.59%
	ORCL	A	-0.58%
	CRM	B	-0.56%
	AMD	C	-0.56%
	TMO	D	-0.5%
	ADBE	F	-0.49%
	PEP	F	-0.49%
	LIN	C	-0.48%
	ACN	B	-0.47%
	MCD	A	-0.46%
	IBM	A	-0.43%
	GE	B	-0.43%
	TXN	C	-0.4%
	PM	D	-0.4%
	CAT	A	-0.4%
	NOW	B	-0.39%
	DHR	D	-0.38%
	AMGN	D	-0.37%
	INTU	F	-0.37%
	ISRG	C	-0.37%
	DIS	D	-0.37%
	PFE	D	-0.35%
	SPGI	C	-0.35%
	AMAT	C	-0.35%
	RTX	A	-0.34%
	UBER	C	-0.33%
	UNP	F	-0.32%
	AXP	A	-0.32%
	PGR	B	-0.31%
	BKNG	B	-0.3%
	ETN	B	-0.28%
	TJX	D	-0.28%
	HON	C	-0.28%
	BSX	A	-0.26%
	SYK	C	-0.26%
	PLD	D	-0.25%
	VRTX	D	-0.25%
	ADP	A	-0.24%
	ADI	B	-0.24%
	MU	D	-0.24%
	AMT	D	-0.23%
	MMC	D	-0.23%
	BX	C	-0.23%
	SBUX	B	-0.23%
	PANW	B	-0.23%
	FI	A	-0.22%
	KLAC	B	-0.22%
	GILD	A	-0.22%
	BMY	A	-0.22%
	LRCX	D	-0.22%
	SO	A	-0.21%
	ANET	A	-0.21%
	TMUS	A	-0.21%
	SCHW	D	-0.2%
	TT	A	-0.19%
	KKR	A	-0.19%
	SHW	C	-0.19%
	ZTS	C	-0.19%
	BA	F	-0.19%
	ICE	A	-0.19%
	EQIX	C	-0.18%
	CL	D	-0.18%
	MO	D	-0.18%
	APH	D	-0.17%
	CMG	C	-0.17%
	CME	A	-0.17%
	TDG	A	-0.17%
	PH	A	-0.17%
	CEG	A	-0.17%
	WELL	C	-0.16%
	CDNS	D	-0.16%
	MCO	D	-0.16%
	PLTR	A	-0.16%
	MMM	C	-0.16%
	MSI	A	-0.16%
	AON	A	-0.16%
	WM	B	-0.16%
	SNPS	F	-0.16%
	BDX	C	-0.15%
	GEV	A	-0.15%
	CTAS	C	-0.15%
	ITW	C	-0.15%
	FCX	B	-0.15%
	NOC	B	-0.15%
	ECL	C	-0.14%
	CRWD	D	-0.14%
	CSX	D	-0.14%
	ORLY	A	-0.14%
	CARR	A	-0.14%
	ROP	D	-0.13%
	ADSK	B	-0.13%
	NXPI	F	-0.13%
	NEM	C	-0.13%
	AJG	C	-0.13%
	EMR	B	-0.13%
	MCK	F	-0.13%
	O	C	-0.12%
	ABNB	D	-0.12%
	NSC	C	-0.12%
	HLT	A	-0.12%
	TFC	D	-0.12%
	PSA	C	-0.12%
	MAR	A	-0.12%
	DLR	C	-0.11%
	ALL	A	-0.11%
	ROST	D	-0.11%
	CCI	D	-0.11%
	PCAR	D	-0.11%
	SPG	A	-0.11%
	BK	A	-0.11%
	AZO	D	-0.11%
	URI	C	-0.11%
	MPWR	B	-0.1%
	MSCI	B	-0.1%
	FIS	A	-0.1%
	AMP	A	-0.1%
	CPRT	B	-0.1%
	GWW	B	-0.1%
	FICO	C	-0.1%
	MET	A	-0.1%
	FTNT	A	-0.1%
	STZ	D	-0.09%
	VST	A	-0.09%
	FAST	C	-0.09%
	HWM	A	-0.09%
	RSG	D	-0.09%
	IDXX	D	-0.09%
	IQV	F	-0.09%
	OTIS	A	-0.09%
	RCL	B	-0.09%
	GEHC	C	-0.09%
	PAYX	B	-0.09%
	MCHP	F	-0.09%
	A	B	-0.09%
	PWR	A	-0.09%
	RMD	C	-0.08%
	EFX	D	-0.08%
	MNST	D	-0.08%
	ODFL	F	-0.08%
	VRSK	D	-0.08%
	EXR	D	-0.08%
	IT	A	-0.08%
	YUM	C	-0.08%
	COR	F	-0.08%
	IR	A	-0.08%
	AME	C	-0.08%
	EW	F	-0.08%
	CSGP	F	-0.07%
	LULU	D	-0.07%
	ON	F	-0.07%
	MTD	C	-0.07%
	AVB	C	-0.07%
	WAB	A	-0.07%
	DAL	C	-0.07%
	XYL	C	-0.07%
	MLM	F	-0.07%
	VMC	D	-0.07%
	NVR	C	-0.07%
	DELL	C	-0.07%
	EA	D	-0.07%
	GLW	C	-0.07%
	IRM	B	-0.07%
	VICI	C	-0.07%
	DFS	A	-0.07%
	FSLR	C	-0.06%
	IFF	D	-0.06%
	DXCM	F	-0.06%
	CAH	B	-0.06%
	GRMN	D	-0.06%
	ANSS	D	-0.06%
	VLTO	A	-0.06%
	FTV	C	-0.06%
	KEYS	B	-0.06%
	AXON	A	-0.06%
	WTW	C	-0.06%
	PHM	C	-0.06%
	CDW	D	-0.06%
	NDAQ	C	-0.06%
	ROK	D	-0.06%
	WAT	B	-0.05%
	CBOE	B	-0.05%
	PTC	B	-0.05%
	CPAY	A	-0.05%
	LDOS	A	-0.05%
	WST	D	-0.05%
	TER	C	-0.05%
	GDDY	B	-0.05%
	WDC	C	-0.05%
	BLDR	C	-0.05%
	MRNA	F	-0.05%
	HUBB	A	-0.05%
	STX	C	-0.05%
	EL	D	-0.05%
	STE	D	-0.05%
	ES	D	-0.05%
	DECK	B	-0.05%
	SW	C	-0.05%
	PPL	C	-0.05%
	BRO	A	-0.05%
	TYL	D	-0.05%
	BR	B	-0.05%
	TTWO	D	-0.05%
	NTAP	D	-0.05%
	CHD	D	-0.05%
	SBAC	C	-0.05%
	SWK	C	-0.04%
	LYV	A	-0.04%
	FDS	C	-0.04%
	AVY	D	-0.04%
	LVS	B	-0.04%
	ALGN	D	-0.04%
	NTRS	B	-0.04%
	MAS	C	-0.04%
	EXPE	B	-0.04%
	ULTA	D	-0.04%
	CCL	C	-0.04%
	HOLX	D	-0.04%
	ESS	D	-0.04%
	ZBRA	B	-0.04%
	DRI	C	-0.04%
	BAX	D	-0.04%
	CLX	C	-0.04%
	INVH	D	-0.04%
	BALL	C	-0.04%
	SMCI	F	-0.04%
	KMX	F	-0.03%
	HST	D	-0.03%
	ALLE	A	-0.03%
	TECH	D	-0.03%
	JNPR	C	-0.03%
	JKHY	A	-0.03%
	FFIV	B	-0.03%
	CHRW	C	-0.03%
	CPT	C	-0.03%
	ERIE	A	-0.03%
	UDR	C	-0.03%
	DLTR	F	-0.03%
	ROL	C	-0.03%
	AES	C	-0.03%
	NDSN	C	-0.03%
	GEN	A	-0.03%
	DPZ	D	-0.03%
	TRMB	B	-0.03%
	AKAM	D	-0.03%
	ENPH	F	-0.03%
	RVTY	C	-0.03%
	VRSN	C	-0.03%
	IEX	D	-0.03%
	DOC	C	-0.03%
	PNR	C	-0.03%
	AMCR	C	-0.03%
	PODD	C	-0.03%
	DVA	C	-0.02%
	RL	B	-0.02%
	PAYC	D	-0.02%
	MHK	C	-0.02%
	FRT	D	-0.02%
	MGM	D	-0.02%
	WYNN	B	-0.02%
	NCLH	C	-0.02%
	LW	D	-0.02%
	HAS	A	-0.02%
	GNRC	B	-0.02%
	SOLV	C	-0.02%
	DAY	C	-0.02%
	QRVO	F	-0.02%
	MTCH	B	-0.02%
	MKTX	B	-0.02%
	NWSA	D	-0.02%
	CRL	F	-0.02%
	AOS	C	-0.02%
	TPR	B	-0.02%
	CTLT	A	-0.02%
	ALB	D	-0.02%
	BXP	B	-0.02%
	REG	C	-0.02%
	NWS	D	-0.01%
	FOX	B	-0.01%
	WBA	F	-0.01%

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 Utilities - Regulated Gas Auto Parts Credit Services 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

SPXE: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services Insurance - Property & Casualty

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