FAB vs. SPYI ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to NEOS S&P 500 High Income ETF (SPYI)

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

SPYI

NEOS S&P 500 High Income ETF

SPYI Description

SHP ETF Trust - NEOS S&P 500 High Income ETF is an exchange traded fund launched by Faith Investor Services LLC. The fund is managed by Neos Investment Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies, within the market capitalization range of the S&P 500 Index. SHP ETF Trust - NEOS S&P 500 High Income ETF was formed on August 30, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$51.96

Average Daily Volume

607,658

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SPYI
30 Days	6.40%	2.57%
60 Days	5.80%	4.02%
90 Days	6.32%	5.68%
12 Months	27.56%	22.34%

201 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in SPYI	Overlap
ACN	C	0.09%	0.51%	0.09%
ADM	D	0.38%	0.06%	0.06%
AEE	A	0.36%	0.04%	0.04%
AEP	D	0.23%	0.11%	0.11%
AFL	B	0.25%	0.13%	0.13%
AIG	B	0.45%	0.12%	0.12%
AIZ	A	0.09%	0.01%	0.01%
AKAM	D	0.22%	0.02%	0.02%
APA	D	0.2%	0.01%	0.01%
APD	A	0.09%	0.13%	0.09%
APTV	D	0.33%	0.02%	0.02%
ARE	D	0.16%	0.03%	0.03%
ATO	A	0.36%	0.03%	0.03%
AWK	D	0.08%	0.03%	0.03%
BAC	A	0.3%	0.64%	0.3%
BBY	D	0.23%	0.02%	0.02%
BEN	C	0.18%	0.01%	0.01%
BG	F	0.4%	0.02%	0.02%
BIIB	F	0.22%	0.04%	0.04%
BKR	B	0.3%	0.1%	0.1%
BLDR	D	0.24%	0.04%	0.04%
BWA	D	0.2%	0.01%	0.01%
C	A	0.38%	0.3%	0.3%
CAG	D	0.07%	0.03%	0.03%
CARR	D	0.16%	0.15%	0.15%
CB	C	0.35%	0.23%	0.23%
CE	F	0.24%	0.0%	0.0%
CF	B	0.35%	0.02%	0.02%
CFG	B	0.4%	0.05%	0.05%
CHTR	C	0.31%	0.08%	0.08%
CI	F	0.08%	0.2%	0.08%
CINF	A	0.48%	0.04%	0.04%
CLX	B	0.09%	0.04%	0.04%
CMCSA	B	0.45%	0.4%	0.4%
CMI	A	0.1%	0.08%	0.08%
CMS	C	0.17%	0.04%	0.04%
CNC	D	0.27%	0.07%	0.07%
CNP	B	0.36%	0.04%	0.04%
COF	B	0.43%	0.15%	0.15%
COP	C	0.47%	0.3%	0.3%
CPB	D	0.08%	0.01%	0.01%
CRL	C	0.09%	0.01%	0.01%
CSCO	B	0.19%	0.55%	0.19%
CSX	B	0.18%	0.16%	0.16%
CTRA	B	0.46%	0.04%	0.04%
CTSH	B	0.37%	0.09%	0.09%
CTVA	C	0.08%	0.09%	0.08%
CVS	D	0.38%	0.16%	0.16%
CVX	A	0.48%	0.56%	0.48%
CZR	F	0.04%	0.02%	0.02%
D	C	0.25%	0.11%	0.11%
DAL	C	0.56%	0.09%	0.09%
DD	D	0.08%	0.08%	0.08%
DE	A	0.24%	0.23%	0.23%
DG	F	0.32%	0.03%	0.03%
DGX	A	0.26%	0.01%	0.01%
DHI	D	0.3%	0.1%	0.1%
DIS	B	0.2%	0.43%	0.2%
DOC	D	0.16%	0.03%	0.03%
DOW	F	0.21%	0.07%	0.07%
DRI	B	0.18%	0.04%	0.04%
DTE	C	0.24%	0.05%	0.05%
DUK	C	0.24%	0.19%	0.19%
DVN	F	0.44%	0.05%	0.05%
EBAY	D	0.24%	0.07%	0.07%
ED	D	0.32%	0.07%	0.07%
EG	C	0.41%	0.01%	0.01%
EIX	B	0.16%	0.07%	0.07%
ELV	F	0.14%	0.17%	0.14%
EMN	D	0.12%	0.0%	0.0%
EOG	A	0.48%	0.18%	0.18%
EPAM	C	0.05%	0.01%	0.01%
EQR	B	0.25%	0.06%	0.06%
EQT	B	0.41%	0.03%	0.03%
ETR	B	0.39%	0.06%	0.06%
EVRG	A	0.17%	0.03%	0.03%
EXC	C	0.33%	0.09%	0.09%
EXPD	D	0.08%	0.03%	0.03%
F	C	0.46%	0.1%	0.1%
FANG	D	0.37%	0.04%	0.04%
FDX	B	0.37%	0.12%	0.12%
FE	C	0.16%	0.05%	0.05%
FITB	A	0.28%	0.07%	0.07%
FMC	D	0.18%	0.0%	0.0%
FOXA	B	0.49%	0.02%	0.02%
FTV	C	0.08%	0.06%	0.06%
GD	F	0.08%	0.13%	0.08%
GIS	D	0.15%	0.09%	0.09%
GL	B	0.13%	0.0%	0.0%
GM	B	0.56%	0.18%	0.18%
GPC	D	0.15%	0.03%	0.03%
HAL	C	0.45%	0.06%	0.06%
HBAN	A	0.42%	0.06%	0.06%
HD	A	0.09%	0.83%	0.09%
HIG	B	0.35%	0.07%	0.07%
HII	D	0.1%	0.01%	0.01%
HOLX	D	0.08%	0.03%	0.03%
HPE	B	0.46%	0.06%	0.06%
HPQ	B	0.18%	0.07%	0.07%
HRL	D	0.24%	0.02%	0.02%
HSIC	B	0.04%	0.0%	0.0%
HST	C	0.17%	0.03%	0.03%
HSY	F	0.16%	0.04%	0.04%
HUM	C	0.16%	0.06%	0.06%
IEX	B	0.09%	0.01%	0.01%
INTC	D	0.37%	0.24%	0.24%
IP	B	0.3%	0.04%	0.04%
IPG	D	0.08%	0.02%	0.02%
IVZ	B	0.04%	0.02%	0.02%
J	F	0.09%	0.03%	0.03%
JBHT	C	0.19%	0.01%	0.01%
JBL	B	0.14%	0.03%	0.03%
JNJ	D	0.16%	0.76%	0.16%
KDP	D	0.16%	0.07%	0.07%
KEY	B	0.2%	0.04%	0.04%
KEYS	A	0.08%	0.04%	0.04%
KHC	F	0.23%	0.06%	0.06%
KIM	A	0.19%	0.03%	0.03%
KMI	A	0.42%	0.12%	0.12%
KR	B	0.36%	0.08%	0.08%
L	A	0.37%	0.02%	0.02%
LEN	D	0.4%	0.07%	0.07%
LH	C	0.09%	0.01%	0.01%
LHX	C	0.09%	0.1%	0.09%
LKQ	D	0.13%	0.02%	0.02%
LMT	D	0.08%	0.23%	0.08%
LNT	A	0.25%	0.03%	0.03%
LOW	D	0.08%	0.33%	0.08%
LUV	C	0.28%	0.04%	0.04%
LYB	F	0.38%	0.04%	0.04%
MAA	B	0.08%	0.03%	0.03%
MAS	D	0.08%	0.03%	0.03%
MDLZ	F	0.08%	0.2%	0.08%
MDT	D	0.08%	0.27%	0.08%
MGM	D	0.04%	0.02%	0.02%
MOH	F	0.16%	0.01%	0.01%
MOS	F	0.17%	0.02%	0.02%
MPC	D	0.42%	0.13%	0.13%
MS	A	0.32%	0.38%	0.32%
MTB	A	0.31%	0.05%	0.05%
NDSN	B	0.08%	0.01%	0.01%
NI	A	0.27%	0.03%	0.03%
NKE	D	0.07%	0.21%	0.07%
NUE	C	0.43%	0.07%	0.07%
NVR	D	0.17%	0.02%	0.02%
NWSA	B	0.19%	0.02%	0.02%
ODFL	B	0.1%	0.09%	0.09%
OKE	A	0.21%	0.15%	0.15%
OMC	C	0.09%	0.02%	0.02%
ON	D	0.32%	0.07%	0.07%
OXY	D	0.43%	0.07%	0.07%
PCAR	B	0.51%	0.14%	0.14%
PEP	F	0.08%	0.51%	0.08%
PFG	D	0.09%	0.04%	0.04%
PHM	D	0.39%	0.05%	0.05%
PKG	A	0.19%	0.01%	0.01%
PNC	B	0.2%	0.17%	0.17%
PNW	B	0.18%	0.0%	0.0%
PPG	F	0.16%	0.05%	0.05%
PPL	B	0.26%	0.05%	0.05%
PRU	A	0.18%	0.1%	0.1%
PSX	C	0.43%	0.13%	0.13%
PYPL	B	0.09%	0.22%	0.09%
RF	A	0.29%	0.06%	0.06%
RJF	A	0.23%	0.06%	0.06%
SBUX	A	0.09%	0.25%	0.09%
SJM	D	0.12%	0.0%	0.0%
SLB	C	0.36%	0.14%	0.14%
SNA	A	0.32%	0.01%	0.01%
SOLV	C	0.17%	0.02%	0.02%
SRE	A	0.38%	0.13%	0.13%
STLD	B	0.48%	0.03%	0.03%
STT	A	0.27%	0.06%	0.06%
STX	D	0.23%	0.02%	0.02%
SWKS	F	0.3%	0.02%	0.02%
SYF	B	0.57%	0.06%	0.06%
SYY	B	0.24%	0.09%	0.09%
T	A	0.44%	0.37%	0.37%
TAP	C	0.23%	0.01%	0.01%
TDY	B	0.28%	0.01%	0.01%
TGT	F	0.25%	0.15%	0.15%
TPR	B	0.05%	0.02%	0.02%
TROW	B	0.48%	0.05%	0.05%
TRV	B	0.28%	0.11%	0.11%
TSN	B	0.19%	0.04%	0.04%
TXT	D	0.25%	0.04%	0.04%
UAL	A	0.7%	0.06%	0.06%
UHS	D	0.15%	0.01%	0.01%
ULTA	F	0.25%	0.01%	0.01%
UPS	C	0.08%	0.21%	0.08%
USB	A	0.28%	0.18%	0.18%
VLO	C	0.45%	0.11%	0.11%
VTRS	A	0.38%	0.04%	0.04%
VZ	C	0.32%	0.4%	0.32%
WEC	A	0.17%	0.06%	0.06%
WFC	A	0.45%	0.49%	0.45%
WRB	A	0.09%	0.04%	0.04%
WY	D	0.08%	0.05%	0.05%
XEL	A	0.37%	0.08%	0.08%
XOM	B	0.45%	1.13%	0.45%
ZBH	C	0.35%	0.05%	0.05%

FAB Overweight 464 Positions Relative to SPYI

Symbol	Grade	Weight
RS	B	0.47%
TOL	B	0.43%
LNG	B	0.41%
OC	A	0.39%
CRBG	B	0.37%
ALLY	C	0.36%
MTDR	B	0.26%
AGO	B	0.25%
NOG	A	0.25%
OVV	B	0.25%
CNX	A	0.25%
JXN	C	0.24%
SM	B	0.24%
OSK	B	0.24%
HP	B	0.24%
AMG	B	0.23%
ATKR	C	0.23%
PTEN	C	0.23%
CMC	B	0.23%
AL	B	0.23%
AMR	C	0.22%
TMHC	B	0.22%
CHRD	D	0.22%
PBF	D	0.22%
NFE	D	0.22%
URBN	C	0.22%
NOV	C	0.22%
CIVI	D	0.22%
PVH	C	0.22%
HCC	B	0.22%
DINO	D	0.21%
CADE	B	0.21%
ZM	B	0.21%
MTG	C	0.21%
UNM	A	0.21%
CXW	B	0.21%
MUR	D	0.21%
RDN	C	0.21%
TEX	D	0.21%
LBRT	D	0.2%
R	B	0.2%
G	B	0.2%
RIOT	C	0.2%
MATX	C	0.2%
RUSHA	C	0.2%
LBRDK	C	0.2%
UGI	A	0.2%
TPH	D	0.2%
LAD	A	0.2%
RNR	C	0.2%
ESNT	D	0.19%
RRC	B	0.19%
LEA	D	0.19%
MTH	D	0.19%
DAR	C	0.19%
LNC	B	0.19%
OZK	B	0.19%
CNO	A	0.19%
MGY	A	0.19%
JAZZ	B	0.19%
DDS	B	0.19%
MHO	D	0.19%
KRC	C	0.18%
OTTR	C	0.18%
GBDC	C	0.18%
HRI	B	0.18%
BKH	A	0.18%
ADTN	A	0.18%
DXC	B	0.18%
COOP	B	0.18%
ASO	F	0.18%
AAP	C	0.18%
HOG	D	0.18%
RGA	A	0.18%
GPI	A	0.18%
POR	C	0.17%
WBS	A	0.17%
CNXC	F	0.17%
FHN	A	0.17%
AVT	C	0.17%
SR	A	0.17%
BBWI	D	0.17%
M	D	0.17%
BCC	B	0.17%
FNF	B	0.17%
NFG	A	0.17%
SSNC	B	0.17%
MDU	D	0.16%
KBH	D	0.16%
WCC	B	0.16%
BMBL	C	0.16%
SUM	B	0.16%
GBX	A	0.16%
ZION	B	0.16%
SIG	B	0.16%
BYD	C	0.15%
AMKR	D	0.15%
SANM	B	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
WLK	D	0.15%
CUBI	C	0.15%
BFH	B	0.15%
JBT	B	0.15%
ARW	D	0.15%
OMF	A	0.15%
FNB	A	0.15%
ALK	C	0.15%
COLB	A	0.15%
CLF	F	0.15%
HTZ	C	0.15%
RIG	D	0.14%
BERY	B	0.14%
KMT	B	0.14%
EIG	B	0.14%
WHR	B	0.14%
AXS	A	0.14%
TALO	C	0.14%
DNOW	B	0.14%
INGR	B	0.14%
ULH	B	0.14%
PINC	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%
VAC	B	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%
THO	B	0.13%
OGS	A	0.13%
PAG	B	0.13%
PK	B	0.13%
NXST	C	0.13%
APLE	B	0.13%
RLJ	C	0.13%
TDS	B	0.13%
GT	C	0.13%
GPOR	B	0.13%
OGE	B	0.13%
HELE	C	0.13%
SWX	B	0.13%
GEF	A	0.13%
RES	D	0.12%
ASH	D	0.12%
BY	B	0.12%
ZD	C	0.12%
PEBO	A	0.12%
PRDO	B	0.12%
SON	D	0.12%
AVA	A	0.12%
TRMK	B	0.12%
EPC	D	0.12%
VC	D	0.12%
POST	C	0.12%
AN	C	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%
SNX	C	0.12%
BC	C	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%
SEB	F	0.11%
KSS	F	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%
OLN	D	0.11%
GHC	C	0.11%
FOR	F	0.11%
CAL	D	0.11%
WU	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%
IDA	A	0.1%
PRG	C	0.1%
PB	A	0.1%
UBSI	B	0.1%
EQC	B	0.1%
NWN	A	0.1%
VNT	B	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%
CMA	A	0.1%
SBH	C	0.1%
GEO	B	0.1%
CVI	F	0.1%
SEIC	B	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%
OGN	D	0.1%
WTFC	A	0.1%
PII	D	0.1%
AMWD	C	0.1%
GES	F	0.1%
MLI	C	0.1%
FRME	B	0.09%
WTRG	B	0.09%
TNET	D	0.09%
MSM	C	0.09%
FIVE	F	0.09%
PFBC	B	0.09%
UFPI	B	0.09%
ALKS	B	0.09%
KFY	B	0.09%
COLM	B	0.09%
WSBC	A	0.09%
CATY	B	0.09%
CRK	B	0.09%
JWN	C	0.09%
SLGN	A	0.09%
SASR	B	0.09%
CASH	A	0.09%
BNL	D	0.09%
PDCO	D	0.09%
KNX	B	0.09%
PLYA	B	0.09%
ADNT	F	0.09%
CUZ	B	0.09%
LPX	B	0.09%
PNM	F	0.09%
BANR	B	0.09%
SLM	A	0.09%
ORI	A	0.09%
AR	B	0.09%
CVBF	A	0.09%
ANDE	D	0.09%
ACA	A	0.09%
VSTS	C	0.09%
BOKF	B	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
WPC	D	0.08%
MODG	F	0.08%
WERN	C	0.08%
WGO	C	0.08%
TKR	D	0.08%
REYN	D	0.08%
MCRI	A	0.08%
PTVE	B	0.08%
SNDR	B	0.08%
ALG	B	0.08%
DAN	D	0.08%
HOPE	B	0.08%
SKX	D	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%
AGCO	D	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%
MIDD	C	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%
SPB	C	0.07%
UNF	B	0.07%
KLG	C	0.07%
IPGP	D	0.07%
DIOD	D	0.07%
XHR	B	0.07%
UHAL	D	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%
FHB	A	0.06%
CRI	D	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%
AFG	A	0.05%
BJ	A	0.05%
WAL	B	0.05%
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%
DNB	B	0.05%
MUSA	A	0.05%
SHEN	F	0.05%
THRM	D	0.05%
YETI	C	0.05%
LCII	C	0.05%
PFGC	B	0.05%
SSB	B	0.05%
PSMT	C	0.05%
UCB	A	0.05%
RHI	B	0.05%
SYNA	C	0.05%
AUB	B	0.05%
OFG	B	0.05%
SCL	C	0.05%
CXT	B	0.05%
ARI	C	0.05%
ALEX	C	0.05%
GXO	B	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%
GO	C	0.05%
JEF	A	0.05%
ABM	B	0.05%
ENOV	C	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%
PNFP	B	0.05%
NWBI	B	0.05%
UPWK	B	0.04%
MYRG	B	0.04%
FBIN	D	0.04%
NSP	D	0.04%
IAC	D	0.04%
FOXF	F	0.04%
AVNS	F	0.04%
RYN	D	0.04%
LFUS	F	0.04%
TTC	D	0.04%
WD	D	0.04%
FUL	F	0.04%
BPOP	B	0.04%
STWD	C	0.04%
SEE	C	0.04%
FAF	A	0.04%
ODP	F	0.04%
LSTR	D	0.04%
MAT	D	0.04%
NJR	A	0.04%
AVNT	B	0.04%
FELE	B	0.04%
SKY	A	0.04%
WTS	B	0.04%
PRGO	B	0.04%
VOYA	B	0.04%
AIR	B	0.03%
HAYW	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%
SAM	C	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%
CWEN	C	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%
CC	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 298 Positions Relative to SPYI

Symbol	Grade	Weight
NVDA	C	-7.23%
AAPL	C	-6.6%
MSFT	F	-6.34%
AMZN	C	-4.02%
META	D	-2.57%
GOOGL	C	-2.1%
TSLA	B	-1.9%
GOOG	C	-1.8%
BRK.A	B	-1.76%
AVGO	D	-1.55%
JPM	A	-1.45%
LLY	F	-1.33%
UNH	C	-1.16%
V	A	-1.01%
MA	C	-0.9%
COST	B	-0.83%
PG	A	-0.8%
WMT	A	-0.74%
CRM	B	-0.73%
NFLX	A	-0.7%
ABBV	D	-0.61%
ORCL	B	-0.6%
MRK	F	-0.57%
ADBE	C	-0.52%
AMD	F	-0.51%
KO	D	-0.49%
MCD	D	-0.47%
LIN	D	-0.46%
GE	D	-0.46%
CAT	B	-0.45%
ABT	B	-0.45%
PM	B	-0.44%
IBM	C	-0.44%
NOW	A	-0.43%
TMO	F	-0.43%
ISRG	A	-0.42%
INTU	C	-0.42%
QCOM	F	-0.4%
TXN	C	-0.4%
GS	A	-0.36%
PFE	D	-0.35%
AMAT	F	-0.35%
PGR	A	-0.35%
AMGN	D	-0.35%
DHR	F	-0.34%
NEE	D	-0.34%
AXP	A	-0.34%
UNP	C	-0.33%
UBER	D	-0.33%
RTX	C	-0.33%
HON	B	-0.32%
TJX	A	-0.31%
SPGI	C	-0.31%
ETN	A	-0.3%
SYK	C	-0.3%
VRTX	F	-0.29%
FI	A	-0.29%
BSX	B	-0.29%
TMUS	B	-0.28%
BX	A	-0.28%
GILD	C	-0.27%
BMY	B	-0.27%
SCHW	B	-0.26%
PLD	D	-0.25%
PANW	C	-0.25%
MU	D	-0.25%
ADP	B	-0.25%
PLTR	B	-0.25%
ADI	D	-0.24%
MMC	B	-0.23%
BLK	C	-0.23%
SO	D	-0.22%
MO	A	-0.22%
APH	A	-0.2%
GEV	B	-0.2%
ICE	C	-0.19%
KKR	A	-0.19%
AMT	D	-0.19%
TT	A	-0.18%
WM	A	-0.18%
EQIX	A	-0.18%
CME	A	-0.18%
CDNS	B	-0.18%
LRCX	F	-0.17%
BA	F	-0.17%
REGN	F	-0.17%
ANET	C	-0.17%
CTAS	B	-0.17%
ZTS	D	-0.17%
MMM	D	-0.16%
EMR	A	-0.16%
PH	A	-0.16%
AON	A	-0.16%
WELL	A	-0.16%
ITW	B	-0.16%
CL	D	-0.16%
SHW	A	-0.16%
KLAC	D	-0.15%
HLT	A	-0.15%
WMB	A	-0.15%
CRWD	B	-0.15%
CEG	D	-0.14%
BDX	F	-0.14%
MCK	B	-0.14%
HCA	F	-0.14%
FCX	D	-0.14%
TFC	A	-0.14%
ABNB	C	-0.13%
NXPI	D	-0.13%
ADSK	A	-0.13%
SNPS	B	-0.13%
JCI	C	-0.13%
FTNT	C	-0.13%
BK	A	-0.13%
MSI	B	-0.12%
ROP	B	-0.12%
NOC	D	-0.12%
FIS	C	-0.12%
AJG	B	-0.12%
MAR	B	-0.12%
ECL	D	-0.11%
DLR	B	-0.11%
SPG	B	-0.11%
BKNG	A	-0.11%
MCO	B	-0.11%
MET	A	-0.11%
CPRT	A	-0.11%
NSC	B	-0.11%
AMP	A	-0.11%
VST	B	-0.1%
RCL	A	-0.1%
CCI	D	-0.1%
PEG	A	-0.1%
FAST	B	-0.1%
DFS	B	-0.1%
PCG	A	-0.1%
NEM	D	-0.1%
ROST	C	-0.09%
RSG	A	-0.09%
MNST	C	-0.09%
KVUE	A	-0.09%
PAYX	C	-0.09%
EW	C	-0.09%
HWM	A	-0.09%
PWR	A	-0.08%
DELL	C	-0.08%
O	D	-0.08%
PSA	D	-0.08%
MCHP	D	-0.08%
ACGL	D	-0.08%
YUM	B	-0.08%
OTIS	C	-0.08%
A	D	-0.08%
TRGP	B	-0.08%
KMB	D	-0.08%
GLW	B	-0.08%
CBRE	B	-0.08%
AME	A	-0.08%
IQV	D	-0.08%
ALL	A	-0.08%
IR	B	-0.08%
HES	B	-0.08%
ANSS	B	-0.07%
VRSK	A	-0.07%
GPN	B	-0.07%
EXR	D	-0.07%
GEHC	F	-0.07%
EA	A	-0.07%
LULU	C	-0.07%
IRM	D	-0.07%
CMG	B	-0.07%
VICI	C	-0.07%
STZ	D	-0.06%
CCL	B	-0.06%
TSCO	D	-0.06%
EFX	F	-0.06%
DXCM	D	-0.06%
COR	B	-0.06%
ROK	B	-0.06%
CSGP	D	-0.06%
NDAQ	A	-0.06%
VMC	B	-0.06%
WTW	B	-0.06%
SBAC	D	-0.05%
CHD	B	-0.05%
ORLY	B	-0.05%
DOV	A	-0.05%
WAB	B	-0.05%
ES	D	-0.05%
BRO	B	-0.05%
TDG	D	-0.05%
WBD	C	-0.05%
BR	A	-0.05%
NTAP	C	-0.05%
GRMN	B	-0.05%
GDDY	A	-0.05%
VTR	C	-0.05%
CAH	B	-0.05%
XYL	D	-0.05%
AVB	B	-0.05%
RMD	C	-0.05%
AZO	C	-0.04%
GEN	B	-0.04%
FICO	B	-0.04%
URI	B	-0.04%
FSLR	F	-0.04%
BAX	D	-0.04%
IFF	D	-0.04%
BALL	D	-0.04%
MRO	B	-0.04%
NRG	B	-0.04%
WDC	D	-0.04%
EXPE	B	-0.04%
CBOE	B	-0.04%
INVH	D	-0.04%
PTC	A	-0.04%
CDW	F	-0.04%
TRMB	B	-0.04%
TTWO	A	-0.04%
NTRS	A	-0.04%
VLTO	D	-0.04%
LDOS	C	-0.04%
STE	F	-0.04%
MRNA	F	-0.03%
NCLH	B	-0.03%
EL	F	-0.03%
AXON	A	-0.03%
DLTR	F	-0.03%
MSCI	C	-0.03%
UDR	B	-0.03%
LYV	A	-0.03%
LVS	C	-0.03%
MKC	D	-0.03%
AMCR	D	-0.03%
GWW	B	-0.03%
K	A	-0.03%
WST	C	-0.02%
HUBB	B	-0.02%
CPAY	A	-0.02%
TYL	B	-0.02%
MTD	D	-0.02%
REG	B	-0.02%
TECH	D	-0.02%
DAY	B	-0.02%
MTCH	D	-0.02%
MPWR	F	-0.02%
KMX	B	-0.02%
BXP	D	-0.02%
LW	C	-0.02%
INCY	C	-0.02%
SWK	D	-0.02%
ERIE	D	-0.02%
AES	F	-0.02%
SW	A	-0.02%
ROL	B	-0.02%
IDXX	F	-0.02%
ALB	C	-0.02%
JNPR	F	-0.02%
MLM	B	-0.02%
IT	C	-0.02%
DECK	A	-0.02%
PNR	A	-0.02%
TER	D	-0.02%
FRT	B	-0.01%
RVTY	F	-0.01%
CPT	B	-0.01%
TFX	F	-0.01%
ALLE	D	-0.01%
MKTX	D	-0.01%
PAYC	B	-0.01%
GNRC	B	-0.01%
JKHY	D	-0.01%
VRSN	F	-0.01%
POOL	C	-0.01%
AVY	D	-0.01%
FFIV	B	-0.01%
ALGN	D	-0.01%
FOX	A	-0.01%
DPZ	C	-0.01%
SMCI	F	-0.01%
PARA	C	-0.01%
FDS	B	-0.01%
PODD	C	-0.01%
ESS	B	-0.01%
ZBRA	B	-0.01%
ENPH	F	-0.01%
CTLT	B	-0.01%
HAS	D	-0.01%
WBA	F	-0.01%
WAT	B	-0.01%
MHK	D	-0.0%
DVA	B	-0.0%
RL	B	-0.0%
NWS	B	-0.0%
QRVO	F	-0.0%
AOS	F	-0.0%
WYNN	D	-0.0%
CHRW	C	-0.0%