FAB vs. SSLY ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Syntax Stratified SmallCap ETF (SSLY)

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

SSLY

Syntax Stratified SmallCap ETF

SSLY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified SmallCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 80% of its total assets in the securities comprising the index. The index is the Stratified WeightTM version of the widely used S&P SmallCap 600® Index and holds the same constituents as the S&P SmallCap 600® Index.

Grade (RS Rating)

Last Trade

$47.35

Average Daily Volume

2,762

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SSLY
30 Days	4.01%	3.03%
60 Days	2.84%	3.94%
90 Days	8.64%	9.76%
12 Months	21.57%	15.86%

221 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in SSLY	Overlap
AAP	F	0.03%	0.07%	0.03%
AAT	B	0.12%	0.07%	0.07%
ABCB	B	0.1%	0.02%	0.02%
ABG	D	0.16%	0.11%	0.11%
ABM	D	0.1%	0.12%	0.1%
ABR	B	0.1%	0.02%	0.02%
ADUS	B	0.03%	0.12%	0.03%
AEO	F	0.13%	0.11%	0.11%
AGO	C	0.22%	0.29%	0.22%
AIN	D	0.02%	0.17%	0.02%
AL	D	0.19%	0.09%	0.09%
ALEX	B	0.06%	0.07%	0.06%
ALGT	F	0.1%	0.19%	0.1%
ALK	C	0.13%	0.22%	0.13%
AMN	F	0.09%	0.05%	0.05%
ANDE	D	0.09%	0.18%	0.09%
APAM	C	0.02%	0.32%	0.02%
APOG	B	0.07%	0.07%	0.07%
ARCB	D	0.07%	0.07%	0.07%
ARCH	F	0.1%	0.05%	0.05%
ASO	C	0.23%	0.23%	0.23%
AUB	D	0.06%	0.02%	0.02%
AVA	C	0.14%	0.29%	0.14%
AX	D	0.08%	0.11%	0.08%
BANR	B	0.08%	0.02%	0.02%
BCC	B	0.19%	0.09%	0.09%
BHLB	B	0.03%	0.02%	0.02%
BKE	B	0.08%	0.33%	0.08%
BKU	C	0.12%	0.02%	0.02%
BLMN	F	0.04%	0.11%	0.04%
BOOT	A	0.03%	0.16%	0.03%
BTU	D	0.21%	0.06%	0.06%
BXMT	C	0.05%	0.02%	0.02%
CABO	F	0.11%	0.22%	0.11%
CAKE	C	0.02%	0.11%	0.02%
CALM	A	0.11%	0.22%	0.11%
CASH	B	0.08%	0.18%	0.08%
CATY	C	0.11%	0.02%	0.02%
CBRL	D	0.06%	0.1%	0.06%
CBU	C	0.03%	0.19%	0.03%
CCS	B	0.15%	0.19%	0.15%
CENTA	F	0.1%	0.05%	0.05%
CENX	D	0.08%	0.05%	0.05%
CMA	B	0.1%	0.17%	0.1%
CNXN	B	0.06%	0.11%	0.06%
COOP	C	0.19%	0.21%	0.19%
CPK	B	0.06%	0.29%	0.06%
CRC	C	0.09%	0.16%	0.09%
CRK	D	0.09%	0.14%	0.09%
CSGS	C	0.06%	0.18%	0.06%
CTS	D	0.02%	0.25%	0.02%
CUBI	F	0.12%	0.16%	0.12%
CVBF	D	0.05%	0.02%	0.02%
CVCO	A	0.03%	0.18%	0.03%
CVI	F	0.17%	0.24%	0.17%
CWEN	C	0.03%	0.14%	0.03%
CWEN	C	0.03%	0.14%	0.03%
CWT	C	0.05%	0.3%	0.05%
CXW	F	0.12%	0.09%	0.09%
DAN	F	0.08%	0.15%	0.08%
DEA	B	0.05%	0.08%	0.05%
DEI	B	0.06%	0.09%	0.06%
DFIN	B	0.06%	0.37%	0.06%
DIOD	F	0.06%	0.32%	0.06%
DNOW	D	0.11%	0.06%	0.06%
DORM	B	0.06%	0.17%	0.06%
DXC	C	0.19%	0.44%	0.19%
EAT	A	0.05%	0.13%	0.05%
EIG	C	0.14%	0.33%	0.14%
ENVA	C	0.12%	0.15%	0.12%
EPC	F	0.09%	0.22%	0.09%
FBK	B	0.03%	0.02%	0.02%
FBNC	B	0.09%	0.02%	0.02%
FBP	C	0.03%	0.14%	0.03%
FCF	C	0.12%	0.02%	0.02%
FDP	C	0.03%	0.25%	0.03%
FFBC	D	0.11%	0.02%	0.02%
FHB	D	0.08%	0.02%	0.02%
FOXF	D	0.04%	0.11%	0.04%
FUL	C	0.04%	0.05%	0.04%
FULT	D	0.05%	0.02%	0.02%
GDEN	D	0.13%	0.09%	0.09%
GEO	F	0.06%	0.08%	0.06%
GES	F	0.11%	0.1%	0.1%
GMS	D	0.18%	0.09%	0.09%
GNW	B	0.03%	0.32%	0.03%
GO	F	0.02%	0.28%	0.02%
GOGO	F	0.06%	0.32%	0.06%
GPI	B	0.25%	0.13%	0.13%
GTY	B	0.06%	0.07%	0.06%
HI	F	0.02%	0.09%	0.02%
HIW	B	0.12%	0.09%	0.09%
HMN	D	0.03%	0.3%	0.03%
HNI	C	0.03%	0.11%	0.03%
HOPE	B	0.08%	0.02%	0.02%
HP	F	0.18%	0.07%	0.07%
HPP	D	0.13%	0.07%	0.07%
HTH	C	0.05%	0.02%	0.02%
HTLD	D	0.07%	0.07%	0.07%
HTZ	F	0.1%	0.1%	0.1%
HUBG	C	0.1%	0.11%	0.1%
IAC	C	0.09%	0.24%	0.09%
IART	F	0.01%	0.06%	0.01%
ICUI	B	0.07%	0.15%	0.07%
INDB	C	0.12%	0.02%	0.02%
INVA	B	0.15%	0.23%	0.15%
JBGS	C	0.03%	0.09%	0.03%
JBT	D	0.11%	0.12%	0.11%
JXN	A	0.24%	0.33%	0.24%
KALU	F	0.04%	0.12%	0.04%
KFY	B	0.03%	0.07%	0.03%
KLG	C	0.06%	0.1%	0.06%
KMT	B	0.08%	0.14%	0.08%
KN	D	0.07%	0.27%	0.07%
KOP	F	0.12%	0.12%	0.12%
KSS	F	0.11%	0.15%	0.11%
KWR	D	0.04%	0.05%	0.04%
LBRT	D	0.2%	0.07%	0.07%
LCII	C	0.05%	0.31%	0.05%
LGIH	C	0.12%	0.18%	0.12%
LGND	C	0.09%	0.39%	0.09%
LNC	D	0.16%	0.11%	0.11%
LNN	D	0.05%	0.1%	0.05%
LXP	B	0.03%	0.07%	0.03%
LZB	C	0.13%	0.11%	0.11%
MATW	F	0.09%	0.08%	0.08%
MATX	B	0.17%	0.08%	0.08%
MCRI	C	0.08%	0.09%	0.08%
MCY	D	0.05%	0.34%	0.05%
MGY	C	0.16%	0.16%	0.16%
MHO	B	0.28%	0.21%	0.21%
MLI	A	0.16%	0.35%	0.16%
MLKN	D	0.07%	0.1%	0.07%
MODG	F	0.06%	0.19%	0.06%
MRTN	D	0.07%	0.07%	0.07%
MTH	A	0.26%	0.19%	0.19%
MTX	D	0.04%	0.04%	0.04%
NAVI	C	0.11%	0.12%	0.11%
NBHC	D	0.08%	0.16%	0.08%
NBTB	D	0.03%	0.02%	0.02%
NHC	D	0.06%	0.14%	0.06%
NMIH	B	0.15%	0.14%	0.14%
NOG	D	0.2%	0.15%	0.15%
NVEE	F	0.02%	0.14%	0.02%
NWBI	C	0.08%	0.12%	0.08%
NWN	C	0.14%	0.29%	0.14%
NX	F	0.12%	0.08%	0.08%
ODP	F	0.07%	0.17%	0.07%
OFG	C	0.08%	0.17%	0.08%
OGN	D	0.17%	0.19%	0.17%
OI	D	0.08%	0.17%	0.08%
OII	D	0.02%	0.08%	0.02%
OMCL	C	0.08%	0.17%	0.08%
OMI	D	0.08%	0.25%	0.08%
OXM	F	0.02%	0.09%	0.02%
PARR	F	0.09%	0.22%	0.09%
PATK	B	0.09%	0.17%	0.09%
PBH	B	0.05%	0.34%	0.05%
PCRX	F	0.04%	0.09%	0.04%
PDCO	F	0.09%	0.26%	0.09%
PFBC	D	0.1%	0.02%	0.02%
PFS	B	0.03%	0.02%	0.02%
PHIN	B	0.14%	0.13%	0.13%
PLUS	A	0.06%	0.46%	0.06%
PLXS	A	0.03%	0.67%	0.03%
PPBI	D	0.02%	0.02%	0.02%
PRDO	D	0.1%	0.14%	0.1%
PRG	B	0.16%	0.15%	0.15%
PSMT	B	0.05%	0.37%	0.05%
PTEN	F	0.17%	0.06%	0.06%
RC	F	0.12%	0.02%	0.02%
RDN	C	0.24%	0.13%	0.13%
REZI	D	0.09%	0.08%	0.08%
RHI	D	0.04%	0.06%	0.04%
RNST	D	0.08%	0.02%	0.02%
ROG	F	0.02%	0.04%	0.02%
ROIC	B	0.06%	0.07%	0.06%
RUSHA	C	0.25%	0.11%	0.11%
SAFT	D	0.05%	0.32%	0.05%
SAH	D	0.1%	0.12%	0.1%
SANM	D	0.13%	0.54%	0.13%
SBCF	C	0.06%	0.02%	0.02%
SBH	B	0.12%	0.26%	0.12%
SCHL	D	0.11%	0.25%	0.11%
SCL	D	0.02%	0.04%	0.02%
SEE	D	0.04%	0.15%	0.04%
SEM	D	0.04%	0.38%	0.04%
SFNC	B	0.09%	0.02%	0.02%
SHEN	F	0.05%	0.2%	0.05%
SHOO	B	0.03%	0.16%	0.03%
SIG	C	0.21%	0.14%	0.14%
SJW	C	0.08%	0.3%	0.08%
SLVM	B	0.08%	0.17%	0.08%
SM	F	0.19%	0.14%	0.14%
SNDR	B	0.11%	0.07%	0.07%
SNEX	B	0.05%	0.18%	0.05%
SSTK	F	0.08%	0.19%	0.08%
STBA	B	0.12%	0.02%	0.02%
STC	B	0.03%	0.19%	0.03%
STRA	F	0.04%	0.12%	0.04%
TALO	D	0.09%	0.17%	0.09%
THRM	D	0.02%	0.26%	0.02%
THS	C	0.03%	0.12%	0.03%
TPH	C	0.2%	0.18%	0.18%
TRMK	C	0.05%	0.02%	0.02%
UCBI	B	0.06%	0.02%	0.02%
UNF	C	0.08%	0.13%	0.08%
URBN	F	0.15%	0.24%	0.15%
UVV	D	0.13%	0.42%	0.13%
VBTX	B	0.08%	0.02%	0.02%
VRTS	F	0.06%	0.3%	0.06%
VSAT	F	0.03%	0.27%	0.03%
VSCO	C	0.09%	0.15%	0.09%
WAFD	C	0.06%	0.13%	0.06%
WD	A	0.03%	0.21%	0.03%
WERN	D	0.1%	0.07%	0.07%
WGO	D	0.1%	0.29%	0.1%
WOR	D	0.02%	0.05%	0.02%
WSFS	D	0.08%	0.02%	0.02%
XHR	B	0.05%	0.07%	0.05%
XRX	D	0.02%	0.12%	0.02%

FAB Overweight 440 Positions Relative to SSLY

Symbol	Grade	Weight
DHI	B	0.59%
LEN	B	0.53%
EXC	C	0.51%
ETR	B	0.51%
T	C	0.5%
GPN	D	0.5%
FOXA	B	0.5%
CINF	B	0.5%
BRK.A	C	0.49%
ACGL	C	0.48%
CF	C	0.46%
UAL	C	0.45%
GM	C	0.44%
EG	C	0.44%
CMCSA	D	0.44%
CVS	D	0.43%
MKL	C	0.43%
SYF	C	0.43%
ADM	D	0.43%
APTV	D	0.42%
XEL	B	0.42%
ATO	B	0.41%
ED	C	0.41%
MPC	F	0.41%
AEP	C	0.41%
EOG	D	0.41%
AEE	C	0.41%
EBAY	B	0.41%
PCG	C	0.4%
CNC	D	0.4%
BG	D	0.4%
CB	B	0.4%
HIG	B	0.4%
CFG	C	0.39%
VTRS	D	0.39%
EQT	D	0.39%
CE	F	0.39%
NUE	F	0.39%
CVX	D	0.39%
PSX	F	0.39%
CAG	C	0.39%
UHAL	A	0.39%
CTSH	C	0.39%
COP	D	0.39%
VLO	F	0.38%
HBAN	B	0.38%
SJM	C	0.38%
KHC	C	0.38%
MTB	B	0.38%
L	C	0.37%
IPG	C	0.37%
KMI	B	0.37%
DVN	F	0.37%
F	F	0.37%
SNA	C	0.37%
VZ	B	0.37%
FANG	D	0.37%
STLD	F	0.37%
CTRA	D	0.37%
LNG	C	0.36%
WBD	D	0.36%
AIG	D	0.35%
COF	B	0.35%
HPE	D	0.35%
OXY	F	0.35%
RS	D	0.34%
XOM	C	0.34%
LYB	D	0.34%
OC	D	0.33%
LKQ	F	0.33%
TROW	D	0.32%
BEN	F	0.31%
AFL	C	0.31%
WEC	C	0.31%
GIS	B	0.3%
DUK	C	0.3%
BBY	C	0.3%
CMS	C	0.3%
D	C	0.3%
EIX	C	0.3%
WFC	D	0.3%
STT	A	0.29%
EQR	B	0.29%
DTE	C	0.29%
ZM	C	0.29%
FITB	B	0.29%
WPC	C	0.29%
DGX	B	0.29%
CHTR	D	0.29%
HAL	F	0.29%
FE	C	0.29%
SRE	C	0.28%
RF	B	0.28%
TDY	B	0.28%
USB	B	0.28%
KR	C	0.28%
DE	B	0.27%
INCY	C	0.27%
JBHT	D	0.27%
LUV	C	0.26%
TXT	D	0.26%
TEL	D	0.25%
RNR	C	0.25%
MTG	B	0.25%
ZBH	F	0.25%
BAC	D	0.25%
KBH	A	0.25%
TMHC	A	0.25%
FYBR	C	0.24%
ESNT	B	0.24%
LBRDK	F	0.24%
SWKS	D	0.24%
CRBG	D	0.24%
BKR	C	0.24%
FDX	C	0.24%
JBL	D	0.24%
ESGR	D	0.23%
CNXC	F	0.23%
CNP	C	0.23%
HOG	C	0.23%
TAP	D	0.23%
LAD	D	0.23%
AMG	C	0.23%
C	C	0.23%
FMC	C	0.23%
UHS	B	0.22%
THC	A	0.21%
SSNC	B	0.21%
NEE	C	0.21%
G	C	0.21%
MOH	D	0.21%
FNF	B	0.21%
SEB	D	0.21%
PYPL	B	0.21%
KIM	C	0.21%
LMT	C	0.21%
HCA	B	0.21%
KRC	B	0.2%
EVRG	B	0.2%
AGCO	D	0.2%
JNJ	C	0.2%
PEG	B	0.2%
KEY	B	0.2%
TEX	F	0.2%
PKG	B	0.2%
PNC	B	0.2%
LOW	B	0.2%
MDT	C	0.2%
DAR	F	0.2%
TRV	C	0.2%
PNW	C	0.2%
VLY	C	0.2%
WTM	D	0.2%
COLB	B	0.2%
CADE	C	0.19%
MOS	F	0.19%
BYD	C	0.19%
EPAM	F	0.19%
NFG	B	0.19%
BKH	B	0.19%
HSY	C	0.19%
R	A	0.19%
POR	C	0.19%
APD	B	0.19%
CHK	D	0.19%
PVH	F	0.19%
OMC	B	0.19%
OGS	B	0.19%
CPB	C	0.19%
WRB	C	0.19%
WY	C	0.19%
KDP	B	0.19%
OKE	B	0.19%
TGT	C	0.18%
ARW	C	0.18%
MDU	C	0.18%
MUR	F	0.18%
OVV	F	0.18%
DINO	F	0.18%
MTDR	F	0.18%
DOV	B	0.18%
HRL	C	0.18%
NOV	F	0.18%
ARE	C	0.18%
CSCO	C	0.18%
GS	C	0.18%
UNM	B	0.18%
HPQ	D	0.17%
DOW	D	0.17%
AVT	C	0.17%
OZK	D	0.17%
BWA	D	0.17%
GPC	D	0.17%
WBS	D	0.17%
MS	D	0.17%
AN	D	0.17%
PPG	D	0.17%
OSK	F	0.16%
CMC	D	0.16%
ADTN	D	0.16%
LEA	F	0.16%
CLF	F	0.16%
INTC	F	0.16%
GL	C	0.16%
WAL	B	0.16%
CUZ	B	0.16%
UPS	D	0.16%
OGE	C	0.15%
PBF	F	0.15%
PNFP	B	0.15%
NI	B	0.15%
HE	F	0.15%
KNX	C	0.14%
WTFC	B	0.14%
BC	C	0.14%
UFPI	C	0.14%
HII	D	0.14%
THO	D	0.14%
UAA	C	0.14%
CHRD	F	0.14%
ONB	C	0.14%
NWE	B	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%
ALLY	F	0.14%
BNL	B	0.14%
BZH	B	0.14%
BERY	B	0.14%
NXST	D	0.13%
WU	F	0.13%
VAL	F	0.13%
WCC	D	0.13%
FHN	D	0.13%
TKR	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%
EMN	B	0.13%
NRG	C	0.13%
GHC	B	0.13%
SR	B	0.13%
ATSG	D	0.13%
WMK	C	0.13%
OLN	D	0.12%
RYI	D	0.12%
RLJ	D	0.12%
ASH	D	0.12%
CNO	B	0.12%
OMF	D	0.12%
K	B	0.12%
CZR	C	0.12%
EFSC	B	0.12%
TGNA	D	0.12%
DNB	C	0.11%
OLPX	C	0.11%
UMBF	B	0.11%
FRME	D	0.11%
VTR	C	0.11%
REVG	D	0.11%
OCFC	B	0.11%
KVUE	C	0.11%
ATKR	F	0.11%
GAP	F	0.11%
RRC	D	0.11%
CBRE	A	0.11%
CRI	D	0.11%
BOKF	B	0.1%
HOMB	B	0.1%
IDA	C	0.1%
BLK	B	0.1%
ABT	C	0.1%
POOL	C	0.1%
ORI	B	0.1%
UBSI	B	0.1%
MDLZ	B	0.1%
AWK	B	0.1%
TRGP	B	0.1%
LILAK	D	0.1%
DDS	F	0.1%
REYN	C	0.1%
MAA	B	0.1%
PEBO	C	0.1%
M	F	0.1%
SAIC	C	0.1%
AIZ	B	0.1%
LPX	B	0.1%
IPGP	F	0.1%
MKC	C	0.1%
LNT	B	0.1%
WMT	C	0.1%
ADNT	F	0.1%
USM	C	0.1%
VSH	F	0.1%
PB	B	0.1%
SLGN	B	0.1%
FAF	B	0.1%
IBOC	D	0.1%
SSB	B	0.1%
DD	B	0.09%
SWX	C	0.09%
ELV	C	0.09%
MSGE	B	0.09%
LHX	C	0.09%
SLM	D	0.09%
J	C	0.09%
PFG	B	0.09%
HWC	D	0.09%
KMB	D	0.09%
ASGN	D	0.09%
GT	F	0.09%
CTVA	B	0.09%
TSCO	C	0.09%
GD	B	0.09%
UGI	C	0.09%
NKE	D	0.09%
TOWN	B	0.09%
SEIC	C	0.09%
COLM	C	0.09%
WTRG	D	0.09%
ZION	D	0.09%
MIDD	D	0.09%
BBWI	F	0.09%
AYI	B	0.09%
PRGO	D	0.09%
JCI	B	0.09%
CMI	C	0.09%
DTM	B	0.09%
SYY	D	0.09%
TSN	C	0.09%
CI	C	0.09%
RYN	C	0.09%
NJR	B	0.09%
REGN	C	0.09%
SASR	B	0.09%
CROX	D	0.08%
JELD	D	0.08%
FHI	A	0.08%
EQC	C	0.08%
HGV	F	0.08%
BXC	D	0.08%
FIBK	B	0.08%
BECN	D	0.08%
WSBC	D	0.08%
WHR	D	0.08%
RJF	C	0.08%
WLK	D	0.08%
CTOS	F	0.08%
ENS	D	0.08%
PNM	B	0.08%
EXPD	C	0.08%
SKX	D	0.08%
SNX	D	0.08%
ADV	C	0.08%
PRU	C	0.08%
DKS	D	0.08%
RIG	F	0.07%
QCOM	D	0.07%
KOS	F	0.07%
ECVT	F	0.07%
NMRK	A	0.07%
BIIB	F	0.07%
CHGG	F	0.07%
HUM	F	0.07%
TCBI	B	0.06%
NIC	C	0.06%
CAR	F	0.06%
SKY	B	0.06%
VNO	B	0.06%
HELE	D	0.06%
VAC	F	0.06%
ZD	D	0.06%
CMCO	F	0.06%
AMKR	F	0.06%
CRUS	D	0.05%
AVNT	B	0.05%
VOYA	B	0.05%
IVZ	B	0.05%
HSIC	C	0.05%
EHC	C	0.05%
AFG	B	0.05%
SNV	C	0.05%
BPOP	C	0.05%
CACI	B	0.05%
IP	B	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%
TFX	C	0.05%
JEF	B	0.05%
HLF	F	0.05%
CCK	A	0.05%
TCBK	D	0.05%
JLL	B	0.05%
BUSE	C	0.05%
BDC	B	0.05%
DG	F	0.05%
VCTR	B	0.05%
SRCE	C	0.05%
PRIM	B	0.05%
OEC	F	0.05%
AR	F	0.04%
BJ	D	0.04%
LANC	D	0.04%
CACC	F	0.04%
LFUS	C	0.04%
SIGI	D	0.04%
KEX	C	0.04%
BHF	F	0.04%
GXO	D	0.04%
LSTR	D	0.04%
PARA	F	0.04%
NEOG	D	0.04%
MMS	C	0.04%
SUM	D	0.04%
RGA	C	0.04%
PGRE	C	0.03%
NNI	B	0.03%
MWA	B	0.03%
BMBL	F	0.03%
LTH	B	0.03%
DK	F	0.02%
ENOV	D	0.02%
ASB	D	0.02%
CMTG	D	0.02%
KFRC	D	0.02%
ATUS	C	0.02%

FAB Underweight 355 Positions Relative to SSLY

Symbol	Grade	Weight
LUMN	C	-1.15%
EMBC	C	-0.91%
CNK	C	-0.89%
VCEL	D	-0.79%
ATEN	C	-0.73%
TNDM	C	-0.71%
HLIT	C	-0.68%
ALRM	F	-0.68%
CEVA	C	-0.58%
CALX	D	-0.55%
MD	C	-0.55%
VGR	B	-0.54%
SMTC	C	-0.52%
HVT	D	-0.52%
SATS	C	-0.47%
ASTH	B	-0.46%
TRUP	C	-0.46%
DGII	D	-0.46%
CTRE	C	-0.45%
TDS	C	-0.44%
NTCT	C	-0.42%
MGPI	D	-0.42%
EXTR	C	-0.42%
STEP	B	-0.41%
CNS	B	-0.41%
SITM	B	-0.41%
SGH	F	-0.41%
AOSL	D	-0.41%
SPTN	C	-0.4%
PRFT	B	-0.39%
HSTM	C	-0.39%
MPW	C	-0.39%
UNFI	C	-0.38%
SDGR	D	-0.37%
MXL	F	-0.37%
PTGX	C	-0.37%
LESL	F	-0.36%
PAHC	B	-0.36%
SXI	C	-0.35%
CHEF	D	-0.35%
SPNT	C	-0.34%
BSIG	B	-0.34%
PLMR	C	-0.34%
RUN	C	-0.34%
SUPN	C	-0.33%
CPRX	A	-0.33%
GFF	D	-0.33%
AMPH	C	-0.33%
MSEX	C	-0.32%
HRMY	B	-0.32%
AMSF	C	-0.32%
PINC	C	-0.31%
SHAK	C	-0.31%
UTL	C	-0.31%
CCOI	C	-0.31%
FL	D	-0.3%
PRA	C	-0.3%
VSTO	C	-0.3%
MGEE	B	-0.3%
HCI	C	-0.3%
AWR	B	-0.3%
FELE	C	-0.29%
AMCX	F	-0.29%
UFCS	D	-0.29%
PZZA	D	-0.29%
CERT	F	-0.29%
SLP	F	-0.28%
AHCO	C	-0.28%
ANIP	D	-0.28%
TTMI	D	-0.27%
SNCY	D	-0.27%
RGR	D	-0.27%
LQDT	B	-0.26%
CHCT	F	-0.26%
PRLB	F	-0.26%
BHE	D	-0.25%
SABR	D	-0.25%
DLX	D	-0.25%
LPG	F	-0.25%
MLAB	C	-0.25%
DOCN	A	-0.25%
ENR	D	-0.24%
OTTR	F	-0.24%
JBLU	D	-0.24%
CNSL	B	-0.24%
GSHD	C	-0.24%
CARG	B	-0.24%
IPAR	F	-0.24%
NPK	D	-0.23%
CORT	C	-0.23%
JACK	F	-0.23%
HBI	B	-0.23%
BLFS	C	-0.22%
SMP	C	-0.22%
COLL	C	-0.22%
VIRT	C	-0.22%
GIII	C	-0.22%
FN	D	-0.22%
SKYW	C	-0.22%
THRY	D	-0.21%
ALKS	C	-0.21%
GRBK	B	-0.21%
VFC	C	-0.21%
YELP	F	-0.21%
GDOT	C	-0.21%
FLGT	D	-0.21%
CARS	D	-0.2%
BGC	B	-0.2%
MMI	C	-0.2%
KTB	B	-0.2%
AVAV	C	-0.19%
CWK	B	-0.19%
EXPI	C	-0.19%
REX	D	-0.18%
CHUY	C	-0.18%
DVAX	D	-0.18%
CVGW	C	-0.18%
VIAV	D	-0.18%
IDCC	B	-0.18%
WWW	B	-0.18%
CTKB	F	-0.18%
LRN	B	-0.17%
MOG.A	B	-0.17%
HWKN	C	-0.17%
VRRM	D	-0.17%
ACIW	B	-0.17%
TBBK	B	-0.17%
TRIP	F	-0.17%
MATV	C	-0.17%
CRVL	B	-0.16%
GPRE	F	-0.16%
CAL	F	-0.16%
NATL	D	-0.16%
BOX	C	-0.16%
SCVL	B	-0.16%
EVTC	D	-0.16%
ATGE	C	-0.16%
UFPT	B	-0.16%
KRYS	D	-0.16%
FTRE	D	-0.16%
AXL	F	-0.16%
XPEL	D	-0.16%
FWRD	C	-0.16%
GVA	B	-0.16%
VSTS	D	-0.15%
RCUS	C	-0.15%
XNCR	C	-0.15%
EPAC	B	-0.15%
WDFC	C	-0.15%
LKFN	C	-0.15%
ASIX	C	-0.15%
FTDR	B	-0.15%
MRCY	D	-0.14%
CLW	F	-0.14%
ACA	B	-0.14%
RGNX	F	-0.14%
AGYS	D	-0.14%
DY	B	-0.14%
PBI	D	-0.14%
ENSG	B	-0.14%
PRGS	C	-0.14%
VICR	D	-0.14%
HAIN	D	-0.13%
COHU	F	-0.13%
BRC	C	-0.13%
ESE	B	-0.13%
EZPW	D	-0.13%
TNC	F	-0.13%
AVNS	B	-0.13%
SPSC	D	-0.13%
CPF	B	-0.13%
VREX	F	-0.13%
IRWD	F	-0.13%
ECPG	D	-0.13%
BL	D	-0.13%
ENV	C	-0.13%
POWL	C	-0.13%
TGI	F	-0.13%
NUS	F	-0.13%
TRST	C	-0.12%
MC	B	-0.12%
MNRO	D	-0.12%
HCSG	C	-0.12%
HASI	C	-0.12%
EYE	F	-0.12%
OSIS	D	-0.12%
QNST	B	-0.12%
PRAA	D	-0.12%
UNIT	C	-0.12%
DBI	F	-0.12%
GKOS	C	-0.12%
FORM	F	-0.12%
MOV	F	-0.12%
VIR	F	-0.12%
DV	F	-0.12%
SONO	D	-0.12%
MARA	F	-0.12%
AEIS	D	-0.12%
MMSI	B	-0.12%
SXT	C	-0.12%
LTC	C	-0.12%
MERC	F	-0.12%
PIPR	B	-0.12%
RAMP	F	-0.11%
CNMD	D	-0.11%
BGS	D	-0.11%
TRN	D	-0.11%
CXM	F	-0.11%
HZO	C	-0.11%
CHCO	B	-0.11%
BOH	D	-0.11%
NEO	C	-0.11%
ITGR	A	-0.11%
MYGN	C	-0.11%
TR	C	-0.11%
NABL	D	-0.11%
PJT	B	-0.11%
LMAT	C	-0.11%
BMI	A	-0.11%
KAR	D	-0.11%
DIN	F	-0.1%
CRS	B	-0.1%
NSIT	D	-0.1%
FSS	D	-0.1%
RXO	D	-0.1%
NWL	C	-0.1%
AMBC	D	-0.1%
ALG	D	-0.1%
FIZZ	D	-0.1%
ASTE	D	-0.1%
ARLO	F	-0.1%
SCSC	D	-0.1%
DXPE	C	-0.1%
ETH	D	-0.1%
RDNT	B	-0.1%
LEG	D	-0.1%
BJRI	D	-0.1%
PRVA	F	-0.1%
JBSS	D	-0.1%
NARI	F	-0.1%
ITRI	C	-0.1%
CFFN	D	-0.1%
WRLD	D	-0.1%
JJSF	C	-0.1%
TILE	B	-0.09%
UHT	B	-0.09%
HAYW	C	-0.09%
VVI	D	-0.09%
WNC	F	-0.09%
AWI	B	-0.09%
CRSR	F	-0.09%
AIR	C	-0.09%
GBX	C	-0.09%
GNL	C	-0.09%
GTES	C	-0.09%
MYRG	F	-0.09%
MCW	F	-0.09%
SMPL	D	-0.09%
ATI	C	-0.08%
IBP	D	-0.08%
NXRT	C	-0.08%
VTOL	D	-0.08%
INN	A	-0.08%
DDD	F	-0.08%
WHD	C	-0.08%
MSGS	B	-0.08%
NBR	F	-0.08%
NVRI	D	-0.08%
SLG	B	-0.08%
PENN	D	-0.08%
USNA	F	-0.08%
BDN	B	-0.08%
AMWD	D	-0.08%
USPH	F	-0.08%
SKT	B	-0.07%
SVC	D	-0.07%
ROCK	D	-0.07%
JOE	C	-0.07%
UE	B	-0.07%
HLX	F	-0.07%
AHH	B	-0.07%
HAYN	D	-0.07%
HSII	C	-0.07%
PECO	B	-0.07%
CLB	D	-0.07%
OUT	C	-0.07%
STAA	F	-0.07%
APLE	D	-0.07%
IIIN	D	-0.07%
CSR	B	-0.07%
RES	D	-0.07%
SHO	C	-0.07%
KW	C	-0.07%
FCPT	C	-0.07%
AROC	D	-0.07%
IIPR	B	-0.07%
DRH	C	-0.07%
WS	D	-0.07%
TTGT	F	-0.07%
EPRT	B	-0.07%
AKR	B	-0.07%
SXC	F	-0.06%
PLAY	F	-0.06%
WSR	D	-0.06%
CCRN	F	-0.06%
EFC	B	-0.06%
NPO	D	-0.06%
KELYA	D	-0.06%
PDFS	F	-0.06%
KLIC	F	-0.06%
MTRN	F	-0.06%
TWI	D	-0.06%
RWT	B	-0.06%
MAC	B	-0.06%
PUMP	D	-0.06%
AZZ	D	-0.06%
CEIX	D	-0.06%
SEDG	F	-0.06%
BFS	B	-0.06%
PEB	D	-0.06%
PLAB	F	-0.06%
VECO	F	-0.05%
MTUS	F	-0.05%
CMP	D	-0.05%
UCTT	F	-0.05%
ACLS	F	-0.05%
CENT	F	-0.05%
BCPC	C	-0.05%
ZEUS	F	-0.05%
MYE	D	-0.05%
B	D	-0.05%
ICHR	F	-0.05%
TDW	F	-0.05%
HCC	F	-0.05%
PMT	C	-0.05%
NGVT	D	-0.04%
IOSP	D	-0.04%
AMR	F	-0.04%
RILY	F	-0.03%
SWI	B	-0.03%
ARI	F	-0.02%
WABC	D	-0.02%
BANC	B	-0.02%
BRKL	C	-0.02%
HAFC	C	-0.02%
BANF	B	-0.02%
PRK	C	-0.02%
HFWA	C	-0.02%
EGBN	C	-0.02%
KREF	B	-0.02%
SBSI	B	-0.02%
TMP	C	-0.02%
IBTX	B	-0.02%
SFBS	B	-0.02%
DCOM	B	-0.02%