FAB vs. SPXV ETF Comparison

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

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

SPXV

ProShares S&P 500 Ex-Health Care ETF

SPXV Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500® Ex-Health Care 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 Health Care Sector.

Grade (RS Rating)

Last Trade

$60.91

Average Daily Volume

384

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SPXV
30 Days	4.01%	2.37%
60 Days	2.84%	3.90%
90 Days	8.64%	4.60%
12 Months	21.57%	33.21%

178 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in SPXV	Overlap
	ACGL	C	0.48%	0.1%	0.1%
	ADM	D	0.43%	0.07%	0.07%
	AEE	C	0.41%	0.05%	0.05%
	AEP	C	0.41%	0.13%	0.13%
	AFL	C	0.31%	0.14%	0.14%
	AIG	D	0.35%	0.12%	0.12%
	AIZ	B	0.1%	0.02%	0.02%
	APA	F	0.14%	0.02%	0.02%
	APD	B	0.19%	0.15%	0.15%
	APTV	D	0.42%	0.04%	0.04%
	ARE	C	0.18%	0.05%	0.05%
	ATO	B	0.41%	0.05%	0.05%
	AWK	B	0.1%	0.07%	0.07%
	BAC	D	0.25%	0.65%	0.25%
	BBWI	F	0.09%	0.01%	0.01%
	BBY	C	0.3%	0.05%	0.05%
	BEN	F	0.31%	0.01%	0.01%
	BG	D	0.4%	0.03%	0.03%
	BKR	C	0.24%	0.08%	0.08%
	BLK	B	0.1%	0.3%	0.1%
	BRK.A	C	0.49%	2.0%	0.49%
	BWA	D	0.17%	0.02%	0.02%
	C	D	0.23%	0.27%	0.23%
	CAG	C	0.39%	0.04%	0.04%
	CB	B	0.4%	0.28%	0.28%
	CBRE	A	0.11%	0.09%	0.09%
	CE	F	0.39%	0.03%	0.03%
	CF	C	0.46%	0.03%	0.03%
	CFG	C	0.39%	0.04%	0.04%
	CHTR	D	0.29%	0.08%	0.08%
	CINF	C	0.5%	0.05%	0.05%
	CMCSA	D	0.44%	0.37%	0.37%
	CMI	C	0.09%	0.1%	0.09%
	CMS	C	0.3%	0.05%	0.05%
	CNP	C	0.23%	0.04%	0.04%
	COF	B	0.35%	0.13%	0.13%
	COP	D	0.39%	0.29%	0.29%
	CPB	C	0.19%	0.02%	0.02%
	CSCO	C	0.18%	0.49%	0.18%
	CTRA	F	0.37%	0.04%	0.04%
	CTSH	C	0.39%	0.09%	0.09%
	CTVA	B	0.09%	0.09%	0.09%
	CVX	D	0.39%	0.58%	0.39%
	CZR	C	0.12%	0.02%	0.02%
	D	C	0.3%	0.12%	0.12%
	DD	B	0.09%	0.08%	0.08%
	DE	B	0.27%	0.24%	0.24%
	DG	F	0.05%	0.04%	0.04%
	DHI	B	0.59%	0.13%	0.13%
	DOV	B	0.18%	0.06%	0.06%
	DOW	D	0.17%	0.09%	0.09%
	DTE	C	0.29%	0.06%	0.06%
	DUK	C	0.3%	0.22%	0.22%
	DVN	F	0.37%	0.06%	0.06%
	EBAY	B	0.41%	0.08%	0.08%
	ED	C	0.41%	0.09%	0.09%
	EG	C	0.44%	0.04%	0.04%
	EIX	C	0.3%	0.08%	0.08%
	EMN	B	0.13%	0.03%	0.03%
	EOG	D	0.41%	0.17%	0.17%
	EPAM	F	0.19%	0.03%	0.03%
	EQR	B	0.29%	0.06%	0.06%
	EQT	D	0.39%	0.05%	0.05%
	ETR	B	0.51%	0.06%	0.06%
	EVRG	B	0.2%	0.03%	0.03%
	EXC	C	0.51%	0.1%	0.1%
	EXPD	C	0.08%	0.04%	0.04%
	F	F	0.37%	0.1%	0.1%
	FANG	D	0.37%	0.07%	0.07%
	FDX	C	0.24%	0.16%	0.16%
	FE	C	0.29%	0.06%	0.06%
	FITB	B	0.29%	0.07%	0.07%
	FMC	C	0.23%	0.02%	0.02%
	FOXA	B	0.5%	0.02%	0.02%
	GD	B	0.09%	0.17%	0.09%
	GIS	B	0.3%	0.1%	0.1%
	GL	C	0.16%	0.02%	0.02%
	GM	C	0.44%	0.12%	0.12%
	GPC	D	0.17%	0.05%	0.05%
	GPN	D	0.5%	0.07%	0.07%
	GS	C	0.18%	0.37%	0.18%
	HAL	F	0.29%	0.06%	0.06%
	HBAN	B	0.38%	0.05%	0.05%
	HIG	B	0.4%	0.08%	0.08%
	HII	D	0.14%	0.02%	0.02%
	HPE	D	0.35%	0.05%	0.05%
	HPQ	D	0.17%	0.07%	0.07%
	HRL	C	0.18%	0.02%	0.02%
	HSY	C	0.19%	0.07%	0.07%
	INTC	F	0.16%	0.2%	0.16%
	IP	B	0.05%	0.04%	0.04%
	IPG	C	0.37%	0.03%	0.03%
	IVZ	B	0.05%	0.02%	0.02%
	J	C	0.09%	0.04%	0.04%
	JBHT	D	0.27%	0.03%	0.03%
	JBL	D	0.24%	0.03%	0.03%
	JCI	B	0.09%	0.12%	0.09%
	K	B	0.12%	0.05%	0.05%
	KDP	B	0.19%	0.09%	0.09%
	KEY	B	0.2%	0.04%	0.04%
	KHC	C	0.38%	0.07%	0.07%
	KIM	C	0.21%	0.04%	0.04%
	KMB	D	0.09%	0.12%	0.09%
	KMI	B	0.37%	0.1%	0.1%
	KR	C	0.28%	0.08%	0.08%
	KVUE	C	0.11%	0.11%	0.11%
	L	C	0.37%	0.03%	0.03%
	LEN	B	0.53%	0.11%	0.11%
	LHX	C	0.09%	0.11%	0.09%
	LKQ	F	0.33%	0.03%	0.03%
	LMT	C	0.21%	0.29%	0.21%
	LNT	B	0.1%	0.04%	0.04%
	LOW	B	0.2%	0.35%	0.2%
	LUV	C	0.26%	0.04%	0.04%
	LYB	D	0.34%	0.06%	0.06%
	MAA	B	0.1%	0.05%	0.05%
	MDLZ	B	0.1%	0.24%	0.1%
	MKC	C	0.1%	0.05%	0.05%
	MOS	F	0.19%	0.02%	0.02%
	MPC	F	0.41%	0.14%	0.14%
	MS	D	0.17%	0.3%	0.17%
	MTB	B	0.38%	0.07%	0.07%
	NEE	C	0.21%	0.42%	0.21%
	NI	B	0.15%	0.04%	0.04%
	NKE	D	0.09%	0.23%	0.09%
	NRG	C	0.13%	0.04%	0.04%
	NUE	F	0.39%	0.08%	0.08%
	OKE	B	0.19%	0.13%	0.13%
	OMC	B	0.19%	0.05%	0.05%
	OXY	F	0.35%	0.08%	0.08%
	PARA	F	0.04%	0.01%	0.01%
	PCG	C	0.4%	0.1%	0.1%
	PEG	C	0.2%	0.1%	0.1%
	PFG	B	0.09%	0.04%	0.04%
	PKG	B	0.2%	0.04%	0.04%
	PNC	B	0.2%	0.17%	0.17%
	PNW	C	0.2%	0.02%	0.02%
	POOL	C	0.1%	0.03%	0.03%
	PPG	D	0.17%	0.07%	0.07%
	PRU	C	0.08%	0.1%	0.08%
	PSX	F	0.39%	0.13%	0.13%
	PYPL	B	0.21%	0.18%	0.18%
	QCOM	D	0.07%	0.45%	0.07%
	RF	B	0.28%	0.05%	0.05%
	RJF	C	0.08%	0.05%	0.05%
	SJM	C	0.38%	0.03%	0.03%
	SNA	C	0.37%	0.04%	0.04%
	SRE	C	0.28%	0.13%	0.13%
	STLD	F	0.37%	0.04%	0.04%
	STT	B	0.29%	0.06%	0.06%
	SWKS	D	0.24%	0.04%	0.04%
	SYF	C	0.43%	0.04%	0.04%
	SYY	D	0.09%	0.09%	0.09%
	T	C	0.5%	0.38%	0.38%
	TAP	D	0.23%	0.02%	0.02%
	TDY	B	0.28%	0.05%	0.05%
	TEL	D	0.25%	0.11%	0.11%
	TGT	C	0.18%	0.17%	0.17%
	TRGP	B	0.1%	0.08%	0.08%
	TROW	D	0.32%	0.06%	0.06%
	TRV	C	0.2%	0.13%	0.13%
	TSCO	C	0.09%	0.07%	0.07%
	TSN	C	0.09%	0.04%	0.04%
	TXT	D	0.26%	0.04%	0.04%
	UAL	C	0.45%	0.04%	0.04%
	UPS	D	0.16%	0.23%	0.16%
	USB	B	0.28%	0.17%	0.17%
	VLO	F	0.38%	0.11%	0.11%
	VTR	C	0.11%	0.06%	0.06%
	VZ	B	0.37%	0.45%	0.37%
	WBD	D	0.36%	0.04%	0.04%
	WEC	C	0.31%	0.07%	0.07%
	WFC	D	0.3%	0.46%	0.3%
	WMT	C	0.1%	0.82%	0.1%
	WRB	C	0.19%	0.04%	0.04%
	WY	C	0.19%	0.05%	0.05%
	XEL	B	0.42%	0.09%	0.09%
	XOM	C	0.34%	1.2%	0.34%

FAB Overweight 482 Positions Relative to SPXV

	Symbol	Grade	Weight
	CVS	D	0.43%
	MKL	C	0.43%
	CNC	D	0.4%
	VTRS	D	0.39%
	UHAL	A	0.39%
	LNG	C	0.36%
	RS	D	0.34%
	OC	D	0.33%
	ZM	C	0.29%
	WPC	C	0.29%
	DGX	B	0.29%
	MHO	B	0.28%
	INCY	C	0.27%
	MTH	A	0.26%
	RNR	C	0.25%
	MTG	B	0.25%
	ZBH	F	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%
	ESGR	D	0.23%
	CNXC	F	0.23%
	ASO	C	0.23%
	HOG	C	0.23%
	LAD	D	0.23%
	AMG	C	0.23%
	AGO	C	0.22%
	UHS	B	0.22%
	THC	A	0.21%
	SSNC	B	0.21%
	G	C	0.21%
	MOH	D	0.21%
	BTU	D	0.21%
	SIG	C	0.21%
	FNF	B	0.21%
	SEB	D	0.21%
	HCA	B	0.21%
	KRC	C	0.2%
	AGCO	D	0.2%
	JNJ	C	0.2%
	LBRT	D	0.2%
	NOG	D	0.2%
	TPH	C	0.2%
	TEX	F	0.2%
	MDT	C	0.2%
	DAR	F	0.2%
	VLY	C	0.2%
	WTM	D	0.2%
	COLB	B	0.2%
	CADE	C	0.19%
	DXC	C	0.19%
	BYD	C	0.19%
	NFG	B	0.19%
	BKH	B	0.19%
	R	A	0.19%
	POR	C	0.19%
	CHK	D	0.19%
	PVH	F	0.19%
	COOP	C	0.19%
	BCC	C	0.19%
	OGS	B	0.19%
	SM	F	0.19%
	AL	D	0.19%
	ARW	C	0.18%
	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%
	HP	F	0.18%
	UNM	B	0.18%
	PTEN	F	0.17%
	AVT	C	0.17%
	OZK	D	0.17%
	OGN	D	0.17%
	MATX	B	0.17%
	CVI	F	0.17%
	WBS	D	0.17%
	AN	D	0.17%
	MLI	B	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%
	ABG	D	0.16%
	PRG	A	0.16%
	WAL	B	0.16%
	LNC	D	0.16%
	CUZ	B	0.16%
	OGE	C	0.15%
	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	C	0.14%
	BC	C	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%
	AXS	B	0.14%
	EBC	B	0.14%
	ALLY	F	0.14%
	PHIN	B	0.14%
	BNL	B	0.14%
	BZH	B	0.14%
	BERY	B	0.14%
	NXST	D	0.13%
	AEO	F	0.13%
	HPP	D	0.13%
	WU	F	0.13%
	VAL	F	0.13%
	WCC	D	0.13%
	FHN	D	0.13%
	TKR	D	0.13%
	GDEN	D	0.13%
	ALK	C	0.13%
	SANM	D	0.13%
	PII	D	0.13%
	JAZZ	D	0.13%
	FNB	C	0.13%
	PAG	D	0.13%
	GEF	D	0.13%
	IMKTA	D	0.13%
	SPB	C	0.13%
	UVV	D	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%
	CNO	B	0.12%
	FCF	C	0.12%
	BKU	C	0.12%
	OMF	D	0.12%
	LGIH	C	0.12%
	NX	F	0.12%
	EFSC	C	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%
	KSS	F	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%
	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%
	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%
	ABT	C	0.1%
	CMA	B	0.1%
	HTZ	F	0.1%
	ORI	B	0.1%
	UBSI	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%
	FAF	B	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%
	PDCO	F	0.09%
	HWC	D	0.09%
	ASGN	D	0.09%
	GT	F	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%
	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%
	CI	C	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%
	WHR	D	0.08%
	UNF	C	0.08%
	SLVM	B	0.08%
	FHB	D	0.08%
	MCRI	C	0.08%
	WLK	D	0.08%
	CTOS	F	0.08%
	ENS	D	0.08%
	HOPE	B	0.08%
	PNM	B	0.08%
	BANR	B	0.08%
	NWBI	C	0.08%
	SKX	D	0.08%
	SNX	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%
	BIIB	F	0.07%
	CHGG	F	0.07%
	ICUI	B	0.07%
	APOG	B	0.07%
	HUM	F	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%
	VNO	C	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	C	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%
	VOYA	B	0.05%
	HSIC	C	0.05%
	EHC	C	0.05%
	XHR	B	0.05%
	BXMT	C	0.05%
	AFG	B	0.05%
	SNV	C	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%
	JEF	B	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	D	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%
	GXO	D	0.04%
	LSTR	D	0.04%
	SEM	D	0.04%
	NEOG	D	0.04%
	MTX	F	0.04%
	MMS	C	0.04%
	SUM	D	0.04%
	PCRX	F	0.04%
	RGA	C	0.04%
	FUL	C	0.04%
	KFY	B	0.03%
	HMN	D	0.03%
	SHOO	B	0.03%
	WD	B	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	F	0.02%
	XRX	D	0.02%
	CTS	D	0.02%
	CAKE	D	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 259 Positions Relative to SPXV

	Symbol	Grade	Weight
	AAPL	C	-7.83%
	MSFT	C	-7.67%
	NVDA	D	-7.01%
	AMZN	C	-4.12%
	META	B	-2.74%
	GOOGL	D	-2.17%
	GOOG	D	-1.81%
	AVGO	C	-1.68%
	TSLA	C	-1.54%
	JPM	D	-1.45%
	V	C	-1.09%
	PG	C	-1.0%
	MA	B	-0.98%
	COST	B	-0.97%
	HD	B	-0.9%
	NFLX	B	-0.72%
	KO	C	-0.67%
	ADBE	F	-0.63%
	ORCL	C	-0.61%
	PEP	C	-0.59%
	CRM	D	-0.59%
	AMD	D	-0.59%
	ACN	C	-0.54%
	LIN	B	-0.54%
	MCD	B	-0.51%
	PM	C	-0.48%
	IBM	B	-0.47%
	TXN	C	-0.45%
	NOW	B	-0.44%
	INTU	C	-0.44%
	GE	B	-0.44%
	CAT	B	-0.4%
	SPGI	B	-0.4%
	RTX	C	-0.39%
	DIS	D	-0.39%
	AMAT	D	-0.38%
	UNP	C	-0.37%
	PGR	B	-0.36%
	UBER	C	-0.36%
	AXP	B	-0.35%
	TJX	B	-0.33%
	BKNG	C	-0.32%
	HON	D	-0.32%
	ETN	C	-0.29%
	PLD	C	-0.29%
	MMC	C	-0.28%
	ADP	B	-0.28%
	PANW	D	-0.27%
	SBUX	C	-0.27%
	ADI	C	-0.27%
	AMT	C	-0.27%
	BX	B	-0.25%
	TMUS	C	-0.25%
	SO	B	-0.24%
	LRCX	F	-0.24%
	KLAC	D	-0.24%
	MU	F	-0.24%
	BA	F	-0.23%
	SCHW	D	-0.23%
	MO	C	-0.22%
	ICE	C	-0.22%
	SHW	B	-0.21%
	CL	D	-0.21%
	ANET	B	-0.21%
	TT	B	-0.2%
	EQIX	C	-0.2%
	CMG	C	-0.19%
	WELL	C	-0.19%
	CME	C	-0.19%
	KKR	B	-0.19%
	NOC	B	-0.18%
	MMM	B	-0.18%
	MSI	B	-0.18%
	SNPS	F	-0.18%
	AON	B	-0.18%
	APH	D	-0.18%
	MCO	B	-0.18%
	PH	B	-0.18%
	TDG	B	-0.18%
	WM	D	-0.18%
	CTAS	B	-0.17%
	CDNS	D	-0.17%
	AJG	D	-0.16%
	ORLY	C	-0.16%
	CSX	D	-0.16%
	ITW	C	-0.16%
	CARR	B	-0.15%
	ECL	B	-0.15%
	ADSK	C	-0.14%
	TFC	C	-0.14%
	SLB	F	-0.14%
	PSA	B	-0.14%
	GEV	B	-0.14%
	NSC	C	-0.14%
	EMR	D	-0.14%
	CRWD	D	-0.14%
	NEM	B	-0.14%
	CEG	C	-0.14%
	ROP	C	-0.14%
	NXPI	F	-0.14%
	FCX	D	-0.14%
	DLR	B	-0.13%
	ABNB	D	-0.13%
	CCI	C	-0.13%
	AZO	D	-0.13%
	HLT	B	-0.13%
	SPG	B	-0.13%
	MAR	C	-0.13%
	WMB	B	-0.13%
	O	C	-0.13%
	ALL	B	-0.12%
	FTNT	C	-0.12%
	PCAR	D	-0.12%
	ROST	C	-0.12%
	BK	B	-0.12%
	CPRT	D	-0.11%
	AMP	A	-0.11%
	MPWR	C	-0.11%
	MSCI	C	-0.11%
	MET	B	-0.11%
	FICO	B	-0.11%
	URI	B	-0.11%
	FIS	B	-0.11%
	FAST	C	-0.1%
	STZ	D	-0.1%
	MCHP	F	-0.1%
	RSG	D	-0.1%
	PAYX	C	-0.1%
	GWW	B	-0.1%
	EA	D	-0.09%
	HES	F	-0.09%
	MNST	D	-0.09%
	VICI	C	-0.09%
	IR	C	-0.09%
	HWM	B	-0.09%
	EFX	B	-0.09%
	EXR	B	-0.09%
	YUM	D	-0.09%
	OTIS	C	-0.09%
	AME	C	-0.09%
	RCL	B	-0.09%
	IT	B	-0.09%
	PWR	B	-0.09%
	VRSK	D	-0.09%
	XYL	D	-0.08%
	MLM	D	-0.08%
	DFS	C	-0.08%
	GLW	C	-0.08%
	AVB	B	-0.08%
	CSGP	D	-0.08%
	IRM	C	-0.08%
	ODFL	D	-0.08%
	NVR	B	-0.08%
	ANSS	D	-0.07%
	PHM	B	-0.07%
	GRMN	D	-0.07%
	DAL	C	-0.07%
	CDW	D	-0.07%
	WAB	A	-0.07%
	WTW	C	-0.07%
	LULU	D	-0.07%
	ROK	D	-0.07%
	NDAQ	A	-0.07%
	ON	D	-0.07%
	VMC	D	-0.07%
	SMCI	F	-0.06%
	SW	B	-0.06%
	PPL	C	-0.06%
	BRO	C	-0.06%
	NTAP	D	-0.06%
	DECK	C	-0.06%
	ES	C	-0.06%
	VLTO	C	-0.06%
	TTWO	C	-0.06%
	BR	D	-0.06%
	CHD	D	-0.06%
	TYL	C	-0.06%
	FTV	C	-0.06%
	FSLR	C	-0.06%
	AXON	B	-0.06%
	KEYS	C	-0.06%
	SBAC	C	-0.06%
	VST	C	-0.06%
	IFF	B	-0.06%
	DRI	B	-0.05%
	ESS	B	-0.05%
	EL	F	-0.05%
	STX	C	-0.05%
	PTC	D	-0.05%
	BALL	C	-0.05%
	CLX	C	-0.05%
	TER	D	-0.05%
	LDOS	B	-0.05%
	HUBB	B	-0.05%
	WDC	D	-0.05%
	BLDR	C	-0.05%
	INVH	C	-0.05%
	CPAY	B	-0.05%
	GDDY	C	-0.05%
	CBOE	C	-0.05%
	LVS	D	-0.04%
	DPZ	F	-0.04%
	MRO	D	-0.04%
	PNR	B	-0.04%
	AKAM	D	-0.04%
	IEX	D	-0.04%
	ENPH	D	-0.04%
	SWK	B	-0.04%
	DOC	C	-0.04%
	AMCR	B	-0.04%
	VRSN	D	-0.04%
	EXPE	C	-0.04%
	FDS	C	-0.04%
	CCL	C	-0.04%
	ZBRA	B	-0.04%
	MAS	B	-0.04%
	ULTA	D	-0.04%
	AVY	C	-0.04%
	NTRS	A	-0.04%
	QRVO	F	-0.03%
	ALB	D	-0.03%
	BXP	B	-0.03%
	CHRW	B	-0.03%
	FFIV	B	-0.03%
	ALLE	B	-0.03%
	HST	C	-0.03%
	KMX	D	-0.03%
	REG	C	-0.03%
	JNPR	B	-0.03%
	AES	C	-0.03%
	JKHY	B	-0.03%
	CPT	B	-0.03%
	NDSN	C	-0.03%
	TRMB	C	-0.03%
	DLTR	F	-0.03%
	LYV	B	-0.03%
	UDR	C	-0.03%
	ROL	C	-0.03%
	ETSY	F	-0.02%
	WBA	F	-0.02%
	RL	C	-0.02%
	AAL	D	-0.02%
	WYNN	D	-0.02%
	MHK	C	-0.02%
	NCLH	C	-0.02%
	PAYC	D	-0.02%
	GNRC	D	-0.02%
	FRT	C	-0.02%
	MGM	F	-0.02%
	HAS	B	-0.02%
	LW	D	-0.02%
	DAY	D	-0.02%
	MTCH	C	-0.02%
	TPR	C	-0.02%
	AOS	D	-0.02%
	MKTX	C	-0.02%
	NWSA	D	-0.02%
	NWS	D	-0.01%
	FOX	B	-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 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

SPXV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Packaged Foods Specialty Retail Credit Services Household & Personal Products Information Technology Services Insurance - Property & Casualty REIT - Residential Specialty Chemicals Utilities - Diversified Internet Content & Information

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