FAB vs. VBR ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Vanguard Small-Cap Value ETF - DNQ (VBR)

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

$83.91

Average Daily Volume

5,598

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$198.25

Average Daily Volume

401,089

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VBR
30 Days	1.64%	2.47%
60 Days	1.49%	3.48%
90 Days	7.33%	9.07%
12 Months	19.63%	23.76%

274 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in VBR	Overlap
AAP	F	0.03%	0.11%	0.03%
ABCB	B	0.1%	0.12%	0.1%
ABG	F	0.16%	0.16%	0.16%
ABM	D	0.1%	0.1%	0.1%
ABR	B	0.1%	0.07%	0.07%
ADTN	F	0.16%	0.09%	0.09%
AEO	D	0.13%	0.11%	0.11%
AFG	B	0.05%	0.27%	0.05%
AGCO	D	0.2%	0.18%	0.18%
AGNC	A	0.14%	0.21%	0.14%
AGO	C	0.22%	0.12%	0.12%
AIN	D	0.02%	0.09%	0.02%
AIZ	B	0.1%	0.27%	0.1%
AL	D	0.19%	0.15%	0.15%
ALK	C	0.13%	0.14%	0.13%
ALLY	F	0.14%	0.36%	0.14%
AMG	C	0.23%	0.17%	0.17%
AMKR	F	0.06%	0.11%	0.06%
AMN	F	0.09%	0.08%	0.08%
AN	D	0.17%	0.18%	0.17%
APA	F	0.14%	0.34%	0.14%
APAM	C	0.02%	0.09%	0.02%
AR	D	0.04%	0.13%	0.04%
ARCB	D	0.07%	0.08%	0.07%
ARCH	F	0.1%	0.07%	0.07%
ARW	C	0.18%	0.19%	0.18%
ASB	D	0.02%	0.1%	0.02%
ASGN	D	0.09%	0.12%	0.09%
ASH	D	0.12%	0.13%	0.12%
ASO	C	0.23%	0.12%	0.12%
ATKR	F	0.11%	0.14%	0.11%
ATO	B	0.41%	0.52%	0.41%
AUB	C	0.06%	0.11%	0.06%
AVA	B	0.14%	0.09%	0.09%
AVNT	B	0.05%	0.12%	0.05%
AVT	D	0.17%	0.14%	0.14%
AX	D	0.08%	0.1%	0.08%
AXS	B	0.14%	0.17%	0.14%
AYI	B	0.09%	0.23%	0.09%
BBWI	F	0.09%	0.24%	0.09%
BC	C	0.14%	0.16%	0.14%
BCC	C	0.19%	0.16%	0.16%
BDC	B	0.05%	0.11%	0.05%
BECN	D	0.08%	0.19%	0.08%
BERY	B	0.14%	0.21%	0.14%
BG	D	0.4%	0.44%	0.4%
BHF	D	0.04%	0.09%	0.04%
BJ	D	0.04%	0.34%	0.04%
BKH	B	0.19%	0.12%	0.12%
BKU	C	0.12%	0.08%	0.08%
BNL	B	0.14%	0.1%	0.1%
BOKF	B	0.1%	0.07%	0.07%
BPOP	C	0.05%	0.22%	0.05%
BTU	D	0.21%	0.08%	0.08%
BWA	D	0.17%	0.24%	0.17%
BXMT	C	0.05%	0.07%	0.05%
CACC	D	0.04%	0.09%	0.04%
CACI	B	0.05%	0.3%	0.05%
CADE	B	0.19%	0.18%	0.18%
CATY	B	0.11%	0.09%	0.09%
CBU	C	0.03%	0.1%	0.03%
CCK	A	0.05%	0.31%	0.05%
CHK	D	0.19%	0.28%	0.19%
CHRD	F	0.14%	0.3%	0.14%
CLF	F	0.16%	0.21%	0.16%
CMA	B	0.1%	0.21%	0.1%
CMC	D	0.16%	0.2%	0.16%
CNO	B	0.12%	0.1%	0.1%
CNX	A	0.14%	0.11%	0.11%
CNXC	D	0.23%	0.12%	0.12%
COLB	B	0.2%	0.16%	0.16%
COOP	B	0.19%	0.16%	0.16%
CRC	C	0.09%	0.1%	0.09%
CRUS	D	0.05%	0.2%	0.05%
CUZ	B	0.16%	0.12%	0.12%
CVBF	C	0.05%	0.07%	0.05%
CWEN	B	0.03%	0.06%	0.03%
DEI	B	0.06%	0.08%	0.06%
DINO	D	0.18%	0.25%	0.18%
DKS	D	0.08%	0.25%	0.08%
DNB	C	0.11%	0.11%	0.11%
DTM	B	0.09%	0.21%	0.09%
DXC	C	0.19%	0.11%	0.11%
EAT	B	0.05%	0.09%	0.05%
EBC	B	0.14%	0.09%	0.09%
EHC	B	0.05%	0.27%	0.05%
EMN	B	0.13%	0.36%	0.13%
ENOV	F	0.02%	0.08%	0.02%
ENS	C	0.08%	0.13%	0.08%
EPAM	D	0.19%	0.17%	0.17%
ESGR	D	0.23%	0.12%	0.12%
ESNT	B	0.24%	0.19%	0.19%
EVRG	A	0.2%	0.19%	0.19%
EWBC	C	0.14%	0.36%	0.14%
FAF	B	0.1%	0.17%	0.1%
FBP	C	0.03%	0.1%	0.03%
FFBC	C	0.11%	0.07%	0.07%
FHB	C	0.08%	0.09%	0.08%
FHI	A	0.08%	0.08%	0.08%
FHN	D	0.13%	0.27%	0.13%
FIBK	B	0.08%	0.08%	0.08%
FMC	C	0.23%	0.21%	0.21%
FNB	D	0.13%	0.16%	0.13%
FRME	C	0.11%	0.07%	0.07%
FUL	D	0.04%	0.14%	0.04%
FULT	C	0.05%	0.1%	0.05%
FYBR	C	0.24%	0.21%	0.21%
G	C	0.21%	0.18%	0.18%
GAP	F	0.11%	0.17%	0.11%
GHC	C	0.13%	0.07%	0.07%
GL	C	0.16%	0.25%	0.16%
GMS	C	0.18%	0.11%	0.11%
GNW	B	0.03%	0.09%	0.03%
GPI	B	0.25%	0.14%	0.14%
GT	F	0.09%	0.1%	0.09%
HI	F	0.02%	0.09%	0.02%
HII	C	0.14%	0.32%	0.14%
HIW	B	0.12%	0.1%	0.1%
HNI	B	0.03%	0.07%	0.03%
HOG	C	0.23%	0.13%	0.13%
HOMB	B	0.1%	0.15%	0.1%
HSIC	C	0.05%	0.27%	0.05%
HUBG	C	0.1%	0.08%	0.08%
HWC	D	0.09%	0.14%	0.09%
IAC	C	0.09%	0.11%	0.09%
IBOC	C	0.1%	0.11%	0.1%
ICUI	B	0.07%	0.09%	0.07%
IDA	B	0.1%	0.14%	0.1%
INDB	C	0.12%	0.08%	0.08%
IPG	C	0.37%	0.36%	0.36%
IPGP	F	0.1%	0.06%	0.06%
IVZ	C	0.05%	0.22%	0.05%
JAZZ	D	0.13%	0.19%	0.13%
JBL	D	0.24%	0.38%	0.24%
JEF	B	0.05%	0.25%	0.05%
JLL	B	0.05%	0.35%	0.05%
JXN	B	0.24%	0.2%	0.2%
KBH	B	0.25%	0.16%	0.16%
KEX	C	0.04%	0.21%	0.04%
KFY	B	0.03%	0.11%	0.03%
KIM	B	0.21%	0.43%	0.21%
KNX	C	0.14%	0.24%	0.14%
KRC	B	0.2%	0.13%	0.13%
KSS	F	0.11%	0.07%	0.07%
LAD	C	0.23%	0.22%	0.22%
LEA	D	0.16%	0.2%	0.16%
LKQ	D	0.33%	0.16%	0.16%
LNC	D	0.16%	0.17%	0.16%
LPX	B	0.1%	0.19%	0.1%
LXP	B	0.03%	0.08%	0.03%
M	F	0.1%	0.14%	0.1%
MAT	C	0.05%	0.19%	0.05%
MATX	C	0.17%	0.13%	0.13%
MDU	B	0.18%	0.16%	0.16%
MIDD	C	0.09%	0.11%	0.09%
MLI	B	0.16%	0.22%	0.16%
MLKN	D	0.07%	0.07%	0.07%
MOS	F	0.19%	0.28%	0.19%
MTG	B	0.25%	0.19%	0.19%
MTH	B	0.26%	0.2%	0.2%
MTX	D	0.04%	0.07%	0.04%
MUR	D	0.18%	0.18%	0.18%
NFG	B	0.19%	0.16%	0.16%
NI	B	0.15%	0.21%	0.15%
NJR	B	0.09%	0.13%	0.09%
NRG	C	0.13%	0.46%	0.13%
NVST	D	0.05%	0.09%	0.05%
NWE	A	0.14%	0.1%	0.1%
NXST	D	0.13%	0.17%	0.13%
OC	C	0.33%	0.47%	0.33%
OGE	B	0.15%	0.23%	0.15%
OGN	D	0.17%	0.16%	0.16%
OGS	B	0.19%	0.12%	0.12%
OLN	D	0.12%	0.16%	0.12%
OMF	C	0.12%	0.18%	0.12%
ONB	C	0.14%	0.19%	0.14%
ORI	A	0.1%	0.25%	0.1%
OSK	D	0.16%	0.21%	0.16%
OVV	D	0.18%	0.36%	0.18%
OZK	D	0.17%	0.16%	0.16%
PAG	D	0.13%	0.1%	0.1%
PARA	F	0.04%	0.18%	0.04%
PB	B	0.1%	0.19%	0.1%
PBF	F	0.15%	0.12%	0.12%
PBH	B	0.05%	0.1%	0.05%
PCH	C	0.05%	0.1%	0.05%
PFS	B	0.03%	0.07%	0.03%
PII	D	0.13%	0.13%	0.13%
PLXS	B	0.03%	0.1%	0.03%
PNFP	B	0.15%	0.1%	0.1%
PNM	B	0.08%	0.11%	0.08%
PNW	B	0.2%	0.28%	0.2%
POR	B	0.19%	0.14%	0.14%
PPBI	D	0.02%	0.08%	0.02%
PRGO	D	0.09%	0.11%	0.09%
PRIM	C	0.05%	0.08%	0.05%
PSMT	B	0.05%	0.07%	0.05%
PTEN	F	0.17%	0.13%	0.13%
PVH	F	0.19%	0.17%	0.17%
R	B	0.19%	0.17%	0.17%
RDN	B	0.24%	0.16%	0.16%
REZI	D	0.09%	0.09%	0.09%
RGA	B	0.04%	0.43%	0.04%
RHI	D	0.04%	0.19%	0.04%
RNR	B	0.25%	0.36%	0.25%
RRC	D	0.11%	0.21%	0.11%
RS	D	0.34%	0.51%	0.34%
RUSHA	C	0.25%	0.09%	0.09%
RYN	C	0.09%	0.13%	0.09%
SAIC	C	0.1%	0.19%	0.1%
SANM	D	0.13%	0.12%	0.12%
SEE	D	0.04%	0.16%	0.04%
SEIC	B	0.09%	0.23%	0.09%
SEM	D	0.04%	0.12%	0.04%
SFNC	B	0.09%	0.08%	0.08%
SIG	C	0.21%	0.1%	0.1%
SIGI	C	0.04%	0.16%	0.04%
SJM	C	0.38%	0.17%	0.17%
SLGN	B	0.1%	0.12%	0.1%
SLM	C	0.09%	0.15%	0.09%
SM	D	0.19%	0.08%	0.08%
SNV	C	0.05%	0.19%	0.05%
SNX	D	0.08%	0.23%	0.08%
SON	C	0.14%	0.16%	0.14%
SPB	B	0.13%	0.07%	0.07%
SR	B	0.13%	0.1%	0.1%
SSB	B	0.1%	0.22%	0.1%
STLD	D	0.37%	0.29%	0.29%
STRA	D	0.04%	0.07%	0.04%
SUM	C	0.04%	0.15%	0.04%
SWX	C	0.09%	0.15%	0.09%
TAP	C	0.23%	0.28%	0.23%
TCBI	B	0.06%	0.09%	0.06%
TEX	D	0.2%	0.12%	0.12%
TFX	C	0.05%	0.3%	0.05%
TGNA	C	0.12%	0.08%	0.08%
THC	B	0.21%	0.43%	0.21%
THO	D	0.14%	0.16%	0.14%
TKR	D	0.13%	0.16%	0.13%
TMHC	B	0.25%	0.2%	0.2%
TPH	C	0.2%	0.12%	0.12%
UBSI	B	0.1%	0.15%	0.1%
UCBI	B	0.06%	0.11%	0.06%
UFPI	C	0.14%	0.23%	0.14%
UGI	C	0.09%	0.16%	0.09%
UHAL	B	0.39%	0.18%	0.18%
UHS	B	0.22%	0.35%	0.22%
UMBF	B	0.11%	0.12%	0.11%
UNF	B	0.08%	0.09%	0.08%
UNM	B	0.18%	0.27%	0.18%
URBN	D	0.15%	0.09%	0.09%
USFD	B	0.05%	0.39%	0.05%
UTHR	C	0.14%	0.41%	0.14%
VAC	F	0.06%	0.08%	0.06%
VLY	C	0.2%	0.11%	0.11%
VNO	B	0.06%	0.15%	0.06%
VOYA	A	0.05%	0.21%	0.05%
VSAT	F	0.03%	0.07%	0.03%
VSH	D	0.1%	0.09%	0.09%
WAFD	B	0.06%	0.08%	0.06%
WAL	B	0.16%	0.25%	0.16%
WBS	C	0.17%	0.25%	0.17%
WCC	C	0.13%	0.26%	0.13%
WD	B	0.03%	0.1%	0.03%
WERN	D	0.1%	0.07%	0.07%
WHR	D	0.08%	0.16%	0.08%
WLK	D	0.08%	0.08%	0.08%
WSFS	C	0.08%	0.1%	0.08%
WTFC	B	0.14%	0.21%	0.14%
WTM	F	0.2%	0.13%	0.13%
WTRG	D	0.09%	0.29%	0.09%
WU	D	0.13%	0.12%	0.12%
ZD	D	0.06%	0.06%	0.06%
ZION	D	0.09%	0.22%	0.09%

FAB Overweight 386 Positions Relative to VBR

Symbol	Grade	Weight
DHI	B	0.59%
LEN	B	0.53%
EXC	B	0.51%
ETR	A	0.51%
T	B	0.5%
GPN	D	0.5%
FOXA	B	0.5%
CINF	B	0.5%
BRK.A	C	0.49%
ACGL	B	0.48%
CF	B	0.46%
UAL	B	0.45%
GM	B	0.44%
EG	B	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	A	0.42%
ED	C	0.41%
MPC	D	0.41%
AEP	B	0.41%
EOG	D	0.41%
AEE	B	0.41%
EBAY	B	0.41%
PCG	C	0.4%
CNC	C	0.4%
CB	B	0.4%
HIG	A	0.4%
CFG	D	0.39%
VTRS	C	0.39%
EQT	D	0.39%
CE	D	0.39%
NUE	F	0.39%
CVX	D	0.39%
PSX	D	0.39%
CAG	B	0.39%
CTSH	C	0.39%
COP	D	0.39%
VLO	D	0.38%
HBAN	B	0.38%
KHC	C	0.38%
MTB	B	0.38%
L	B	0.37%
KMI	A	0.37%
DVN	F	0.37%
F	D	0.37%
SNA	B	0.37%
VZ	B	0.37%
FANG	D	0.37%
CTRA	F	0.37%
LNG	D	0.36%
WBD	D	0.36%
AIG	D	0.35%
COF	C	0.35%
HPE	D	0.35%
OXY	F	0.35%
XOM	D	0.34%
LYB	F	0.34%
TROW	D	0.32%
BEN	F	0.31%
AFL	B	0.31%
WEC	B	0.31%
GIS	B	0.3%
DUK	C	0.3%
BBY	B	0.3%
CMS	A	0.3%
D	C	0.3%
EIX	C	0.3%
WFC	D	0.3%
STT	A	0.29%
EQR	B	0.29%
DTE	B	0.29%
ZM	C	0.29%
FITB	B	0.29%
WPC	B	0.29%
DGX	B	0.29%
CHTR	D	0.29%
HAL	F	0.29%
FE	C	0.29%
SRE	B	0.28%
RF	B	0.28%
MHO	B	0.28%
TDY	C	0.28%
USB	B	0.28%
KR	B	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%
ZBH	F	0.25%
BAC	D	0.25%
LBRDK	D	0.24%
SWKS	F	0.24%
CRBG	D	0.24%
BKR	D	0.24%
FDX	C	0.24%
CNP	C	0.23%
C	D	0.23%
SSNC	B	0.21%
NEE	B	0.21%
MOH	C	0.21%
FNF	A	0.21%
SEB	C	0.21%
PYPL	B	0.21%
LMT	C	0.21%
HCA	B	0.21%
JNJ	B	0.2%
LBRT	D	0.2%
PEG	B	0.2%
NOG	D	0.2%
KEY	B	0.2%
PKG	B	0.2%
PNC	B	0.2%
LOW	B	0.2%
MDT	C	0.2%
DAR	F	0.2%
TRV	B	0.2%
BYD	C	0.19%
HSY	C	0.19%
APD	B	0.19%
OMC	A	0.19%
CPB	B	0.19%
WRB	C	0.19%
WY	C	0.19%
KDP	A	0.19%
OKE	B	0.19%
TGT	C	0.18%
MTDR	D	0.18%
DOV	B	0.18%
HRL	C	0.18%
NOV	D	0.18%
ARE	B	0.18%
CSCO	B	0.18%
HP	D	0.18%
GS	D	0.18%
HPQ	D	0.17%
DOW	D	0.17%
CVI	F	0.17%
GPC	D	0.17%
MS	D	0.17%
PPG	C	0.17%
INTC	F	0.16%
MGY	C	0.16%
PRG	B	0.16%
UPS	D	0.16%
NMIH	B	0.15%
INVA	B	0.15%
CCS	B	0.15%
HE	F	0.15%
NWN	B	0.14%
UAA	C	0.14%
EIG	B	0.14%
PHIN	B	0.14%
BZH	B	0.14%
HPP	D	0.13%
VAL	F	0.13%
GDEN	D	0.13%
GEF	D	0.13%
IMKTA	D	0.13%
UVV	D	0.13%
ATSG	D	0.13%
WMK	C	0.13%
LZB	C	0.13%
RYI	F	0.12%
SBH	B	0.12%
RC	D	0.12%
RLJ	D	0.12%
AAT	B	0.12%
FCF	C	0.12%
K	A	0.12%
CZR	C	0.12%
LGIH	C	0.12%
NX	D	0.12%
EFSC	B	0.12%
STBA	B	0.12%
CXW	F	0.12%
KOP	F	0.12%
ENVA	C	0.12%
CUBI	F	0.12%
OLPX	C	0.11%
NAVI	C	0.11%
DNOW	D	0.11%
VTR	C	0.11%
REVG	C	0.11%
OCFC	B	0.11%
KVUE	B	0.11%
SCHL	D	0.11%
SNDR	B	0.11%
CBRE	A	0.11%
CRI	C	0.11%
CALM	B	0.11%
GES	F	0.11%
CABO	F	0.11%
JBT	D	0.11%
BLK	A	0.1%
ABT	C	0.1%
POOL	C	0.1%
HTZ	D	0.1%
MDLZ	B	0.1%
AWK	A	0.1%
TRGP	B	0.1%
LILAK	D	0.1%
CENTA	D	0.1%
DDS	D	0.1%
REYN	C	0.1%
MAA	B	0.1%
PEBO	C	0.1%
SAH	D	0.1%
MKC	B	0.1%
LNT	A	0.1%
WMT	B	0.1%
ADNT	F	0.1%
USM	C	0.1%
WGO	D	0.1%
PRDO	D	0.1%
PFBC	C	0.1%
ALGT	F	0.1%
DD	B	0.09%
ELV	C	0.09%
MSGE	B	0.09%
LHX	D	0.09%
J	D	0.09%
PDCO	F	0.09%
PFG	B	0.09%
KMB	D	0.09%
CTVA	B	0.09%
TSCO	C	0.09%
GD	B	0.09%
NKE	D	0.09%
TOWN	B	0.09%
PATK	B	0.09%
LGND	C	0.09%
COLM	B	0.09%
TALO	F	0.09%
EPC	F	0.09%
PARR	F	0.09%
JCI	B	0.09%
CMI	C	0.09%
SYY	D	0.09%
TSN	C	0.09%
VSCO	C	0.09%
MATW	F	0.09%
ANDE	D	0.09%
CI	C	0.09%
CRK	D	0.09%
REGN	C	0.09%
SASR	B	0.09%
FBNC	B	0.09%
CROX	C	0.08%
JELD	D	0.08%
NBHC	C	0.08%
RNST	D	0.08%
EQC	B	0.08%
HGV	D	0.08%
DAN	F	0.08%
BXC	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%
SLVM	B	0.08%
MCRI	B	0.08%
RJF	C	0.08%
CTOS	F	0.08%
HOPE	B	0.08%
EXPD	B	0.08%
BANR	B	0.08%
NWBI	C	0.08%
SKX	C	0.08%
BKE	B	0.08%
ADV	C	0.08%
SSTK	F	0.08%
VBTX	B	0.08%
PRU	C	0.08%
OFG	C	0.08%
CASH	B	0.08%
RIG	F	0.07%
MRTN	D	0.07%
QCOM	D	0.07%
KOS	F	0.07%
HTLD	D	0.07%
ECVT	F	0.07%
KN	D	0.07%
NMRK	B	0.07%
ODP	F	0.07%
BIIB	F	0.07%
CHGG	F	0.07%
APOG	B	0.07%
HUM	F	0.07%
CNXN	B	0.06%
SBCF	C	0.06%
CSGS	C	0.06%
DFIN	B	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	B	0.06%
HELE	D	0.06%
DORM	B	0.06%
DIOD	F	0.06%
MODG	F	0.06%
ROIC	B	0.06%
CBRL	D	0.06%
CMCO	F	0.06%
VRTS	D	0.06%
GEO	F	0.06%
SHEN	F	0.05%
XHR	C	0.05%
LNN	C	0.05%
IP	B	0.05%
PTVE	D	0.05%
HLI	B	0.05%
TRS	D	0.05%
HTH	C	0.05%
HLF	F	0.05%
SNEX	C	0.05%
TRMK	C	0.05%
TCBK	C	0.05%
BUSE	C	0.05%
DG	F	0.05%
VCTR	B	0.05%
SRCE	C	0.05%
SAFT	C	0.05%
MCY	C	0.05%
LCII	C	0.05%
OEC	F	0.05%
DEA	B	0.05%
CWT	C	0.05%
FOXF	F	0.04%
KALU	F	0.04%
LANC	D	0.04%
KWR	D	0.04%
LFUS	D	0.04%
BLMN	F	0.04%
GXO	D	0.04%
LSTR	D	0.04%
NEOG	C	0.04%
MMS	D	0.04%
PCRX	F	0.04%
HMN	C	0.03%
SHOO	B	0.03%
PGRE	C	0.03%
NNI	B	0.03%
MWA	C	0.03%
ADUS	B	0.03%
BHLB	C	0.03%
THS	C	0.03%
NBTB	D	0.03%
STC	B	0.03%
FBK	B	0.03%
JBGS	B	0.03%
BOOT	B	0.03%
BMBL	F	0.03%
CVCO	B	0.03%
FDP	B	0.03%
LTH	B	0.03%
GO	F	0.02%
DK	F	0.02%
ROG	D	0.02%
OXM	D	0.02%
SCL	D	0.02%
XRX	F	0.02%
CTS	D	0.02%
CAKE	C	0.02%
THRM	D	0.02%
WOR	F	0.02%
OII	D	0.02%
NVEE	F	0.02%
CMTG	F	0.02%
KFRC	D	0.02%
ATUS	C	0.02%
IART	F	0.01%

FAB Underweight 213 Positions Relative to VBR

Symbol	Grade	Weight
SW	B	-0.68%
FCNCA	D	-0.66%
BLDR	C	-0.6%
CSL	C	-0.58%
BAH	B	-0.54%
EME	B	-0.52%
RPM	B	-0.46%
IEX	D	-0.46%
WSM	C	-0.46%
TOL	B	-0.44%
PNR	B	-0.43%
EQH	C	-0.42%
KMX	D	-0.39%
GLPI	B	-0.38%
RIVN	F	-0.38%
JNPR	A	-0.36%
ACM	B	-0.36%
REG	C	-0.36%
CPT	B	-0.35%
FFIV	A	-0.35%
ALLE	B	-0.35%
NVT	D	-0.35%
CG	C	-0.34%
ITT	C	-0.34%
BRO	C	-0.33%
TTEK	C	-0.33%
SCI	B	-0.32%
HUBB	B	-0.31%
RRX	C	-0.31%
PFGC	B	-0.31%
BXP	B	-0.3%
ATR	B	-0.29%
LDOS	C	-0.29%
CHRW	B	-0.29%
SFM	B	-0.29%
MUSA	C	-0.28%
TPR	C	-0.27%
FRT	C	-0.27%
GPK	B	-0.27%
APG	D	-0.27%
MHK	B	-0.26%
KBR	D	-0.26%
OHI	A	-0.26%
EGP	B	-0.26%
DCI	D	-0.26%
ARMK	B	-0.26%
AIT	C	-0.25%
MKSI	F	-0.25%
HAS	B	-0.25%
SF	A	-0.25%
PRI	B	-0.25%
EVR	B	-0.25%
HRB	C	-0.24%
SOLV	C	-0.24%
INGR	A	-0.24%
NNN	B	-0.24%
FLR	D	-0.24%
X	D	-0.24%
NYT	C	-0.24%
ALSN	B	-0.23%
FCN	C	-0.23%
CR	C	-0.23%
AXTA	C	-0.23%
STAG	C	-0.22%
ANF	D	-0.22%
CBSH	C	-0.22%
BRX	B	-0.22%
Z	B	-0.22%
DOC	C	-0.22%
MSA	C	-0.21%
SWN	D	-0.21%
GME	F	-0.21%
FR	C	-0.21%
NSIT	C	-0.21%
BIO	C	-0.2%
CFR	C	-0.2%
ACI	F	-0.2%
ADC	C	-0.2%
AAL	D	-0.2%
AES	C	-0.19%
XPO	D	-0.19%
RL	B	-0.19%
ELAN	D	-0.19%
RLI	B	-0.19%
DVA	B	-0.19%
FLS	D	-0.19%
STWD	A	-0.18%
VVV	D	-0.18%
VMI	D	-0.18%
VNT	D	-0.18%
KD	D	-0.18%
XRAY	D	-0.17%
MOG.A	B	-0.17%
WTS	C	-0.17%
ACHC	C	-0.17%
QRVO	F	-0.17%
ESAB	C	-0.17%
ESI	D	-0.17%
ST	D	-0.17%
AA	D	-0.17%
VFC	C	-0.17%
COHR	B	-0.16%
SRCL	A	-0.16%
CBT	B	-0.16%
GATX	D	-0.15%
GBCI	B	-0.15%
CTLT	B	-0.15%
MDGL	F	-0.15%
LAMR	A	-0.15%
BCO	B	-0.14%
FFIN	B	-0.14%
JHG	B	-0.14%
AM	B	-0.14%
FLO	C	-0.13%
PSN	B	-0.13%
SLG	B	-0.13%
THG	A	-0.13%
ZWS	B	-0.13%
KNF	B	-0.13%
ACA	C	-0.13%
PR	D	-0.13%
PIPR	B	-0.13%
HUN	D	-0.12%
NCLH	C	-0.12%
ITGR	B	-0.12%
MSM	D	-0.12%
TPG	B	-0.12%
LYFT	D	-0.12%
OTTR	D	-0.12%
CC	F	-0.11%
HCC	F	-0.11%
MAN	C	-0.11%
NSP	D	-0.11%
ALE	A	-0.11%
RXO	D	-0.11%
HASI	B	-0.11%
SBRA	B	-0.11%
GTES	C	-0.11%
CPRI	D	-0.11%
KTB	B	-0.11%
KMPR	D	-0.11%
IOSP	D	-0.1%
AROC	C	-0.1%
SXT	C	-0.1%
SMG	C	-0.1%
BGC	B	-0.1%
NWL	D	-0.1%
EPR	B	-0.1%
HL	C	-0.1%
SYNA	F	-0.1%
COTY	F	-0.1%
MAC	B	-0.1%
MTZ	B	-0.1%
NPO	C	-0.1%
SITC	D	-0.09%
WEN	C	-0.09%
BRC	B	-0.09%
PK	D	-0.09%
GVA	B	-0.09%
PENN	D	-0.09%
SKYW	C	-0.09%
NUVL	C	-0.09%
AWR	B	-0.09%
AUR	C	-0.09%
NHI	A	-0.09%
TNL	D	-0.09%
ALIT	D	-0.09%
TDC	F	-0.09%
SKT	B	-0.09%
ESE	B	-0.09%
MGEE	B	-0.09%
AZTA	D	-0.09%
LUMN	C	-0.09%
AMED	C	-0.09%
GFF	C	-0.09%
APLE	D	-0.09%
PRK	C	-0.08%
CNK	B	-0.08%
POST	C	-0.08%
KRYS	D	-0.08%
MGRC	F	-0.08%
TRN	C	-0.08%
BOH	C	-0.08%
RNG	D	-0.08%
FL	D	-0.08%
ATGE	D	-0.08%
CWK	B	-0.08%
MPW	C	-0.08%
EVTC	D	-0.07%
AKR	C	-0.07%
JWN	B	-0.07%
AZZ	C	-0.07%
LAUR	B	-0.07%
OUT	B	-0.07%
VIRT	B	-0.07%
NATL	D	-0.07%
JOBY	F	-0.07%
CDE	C	-0.07%
SATS	B	-0.07%
MC	B	-0.07%
OSIS	C	-0.07%
MYGN	B	-0.07%
UE	B	-0.07%
FTRE	F	-0.07%
LSXMK	D	-0.07%
MTRN	D	-0.07%
PFSI	B	-0.07%
PRGS	C	-0.07%
DY	B	-0.07%
PINC	C	-0.06%
IOVA	D	-0.06%
ENR	F	-0.06%
SXI	C	-0.06%