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

$87.78

Average Daily Volume

2,522

Number of Holdings ^*

665

* 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

$211.20

Average Daily Volume

430,349

Number of Holdings ^*

794

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VBR
30 Days	4.66%	5.18%
60 Days	4.71%	6.13%
90 Days	4.92%	7.24%
12 Months	25.88%	32.19%

387 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in VBR	Overlap
AAP	D	0.18%	0.06%	0.06%
ABCB	B	0.1%	0.12%	0.1%
ABG	C	0.14%	0.13%	0.13%
ABM	B	0.05%	0.1%	0.05%
ABR	C	0.1%	0.08%	0.08%
ACA	A	0.09%	0.13%	0.09%
ADTN	A	0.18%	0.09%	0.09%
AEO	F	0.11%	0.1%	0.1%
AFG	A	0.05%	0.28%	0.05%
AGCO	D	0.08%	0.19%	0.08%
AGO	B	0.25%	0.12%	0.12%
AIN	C	0.02%	0.06%	0.02%
AIR	B	0.03%	0.06%	0.03%
AIZ	A	0.09%	0.29%	0.09%
AL	B	0.23%	0.13%	0.13%
ALEX	B	0.05%	0.04%	0.04%
ALIT	C	0.05%	0.08%	0.05%
ALK	B	0.15%	0.18%	0.15%
ALLY	C	0.36%	0.28%	0.28%
AMG	B	0.23%	0.16%	0.16%
AMKR	D	0.15%	0.08%	0.08%
AMN	F	0.06%	0.04%	0.04%
AMWD	C	0.1%	0.02%	0.02%
AN	C	0.12%	0.15%	0.12%
ANDE	D	0.09%	0.04%	0.04%
APA	D	0.2%	0.26%	0.2%
APLE	B	0.13%	0.09%	0.09%
AR	B	0.09%	0.11%	0.09%
ARCB	C	0.08%	0.07%	0.07%
ARI	C	0.05%	0.04%	0.04%
ARW	D	0.15%	0.18%	0.15%
ASB	B	0.06%	0.1%	0.06%
ASGN	F	0.08%	0.11%	0.08%
ASH	F	0.12%	0.11%	0.11%
ASO	F	0.18%	0.11%	0.11%
ATKR	D	0.23%	0.09%	0.09%
ATO	A	0.36%	0.58%	0.36%
AUB	B	0.05%	0.1%	0.05%
AVA	A	0.12%	0.09%	0.09%
AVNS	F	0.04%	0.03%	0.03%
AVNT	B	0.04%	0.12%	0.04%
AVT	C	0.17%	0.14%	0.14%
AXS	A	0.14%	0.17%	0.14%
BANR	B	0.09%	0.06%	0.06%
BBWI	C	0.17%	0.18%	0.17%
BC	C	0.12%	0.15%	0.12%
BCC	B	0.17%	0.15%	0.15%
BECN	B	0.1%	0.17%	0.1%
BEN	C	0.18%	0.1%	0.1%
BERY	C	0.14%	0.22%	0.14%
BFH	C	0.15%	0.07%	0.07%
BG	D	0.4%	0.35%	0.35%
BHE	C	0.05%	0.04%	0.04%
BHF	C	0.03%	0.08%	0.03%
BHLB	B	0.03%	0.03%	0.03%
BJ	A	0.05%	0.33%	0.05%
BKE	B	0.08%	0.04%	0.04%
BKH	A	0.18%	0.12%	0.12%
BKU	A	0.08%	0.08%	0.08%
BLDR	D	0.24%	0.58%	0.24%
BLMN	F	0.02%	0.04%	0.02%
BMBL	C	0.16%	0.02%	0.02%
BNL	D	0.09%	0.1%	0.09%
BOKF	B	0.09%	0.07%	0.07%
BPOP	C	0.04%	0.19%	0.04%
BTU	B	0.13%	0.09%	0.09%
BV	C	0.1%	0.03%	0.03%
BWA	D	0.2%	0.22%	0.2%
BYD	B	0.15%	0.07%	0.07%
CABO	B	0.14%	0.04%	0.04%
CADE	B	0.21%	0.18%	0.18%
CAL	F	0.11%	0.01%	0.01%
CAR	C	0.06%	0.04%	0.04%
CATY	B	0.09%	0.09%	0.09%
CBU	B	0.03%	0.09%	0.03%
CC	C	0.02%	0.08%	0.02%
CENTA	C	0.1%	0.04%	0.04%
CHRD	D	0.22%	0.23%	0.22%
CLF	F	0.15%	0.18%	0.15%
CMA	B	0.1%	0.25%	0.1%
CMC	B	0.23%	0.18%	0.18%
CMTG	F	0.02%	0.02%	0.02%
CNO	B	0.19%	0.1%	0.1%
CNX	A	0.25%	0.14%	0.14%
CNXC	F	0.17%	0.07%	0.07%
COLB	B	0.15%	0.17%	0.15%
COLM	C	0.09%	0.04%	0.04%
COOP	B	0.18%	0.16%	0.16%
CRC	A	0.1%	0.12%	0.1%
CRGY	B	0.13%	0.05%	0.05%
CRI	F	0.06%	0.05%	0.05%
CSGS	B	0.06%	0.04%	0.04%
CUZ	B	0.09%	0.14%	0.09%
CVBF	A	0.09%	0.08%	0.08%
CVI	F	0.1%	0.02%	0.02%
CWEN	C	0.02%	0.07%	0.02%
CWEN	C	0.02%	0.03%	0.02%
CXT	C	0.05%	0.08%	0.05%
CXW	C	0.21%	0.04%	0.04%
DAN	D	0.08%	0.03%	0.03%
DBRG	F	0.11%	0.08%	0.08%
DDS	B	0.19%	0.05%	0.05%
DEI	B	0.03%	0.09%	0.03%
DINO	D	0.21%	0.18%	0.18%
DK	C	0.05%	0.03%	0.03%
DNB	B	0.05%	0.12%	0.05%
DNOW	B	0.14%	0.04%	0.04%
DOC	C	0.16%	0.23%	0.16%
DRH	B	0.1%	0.05%	0.05%
DXC	B	0.18%	0.1%	0.1%
EBC	B	0.11%	0.09%	0.09%
ECVT	C	0.15%	0.02%	0.02%
EIG	B	0.14%	0.04%	0.04%
EMN	C	0.12%	0.36%	0.12%
ENOV	C	0.05%	0.07%	0.05%
ENS	F	0.12%	0.11%	0.11%
EPAM	B	0.05%	0.3%	0.05%
EPC	F	0.12%	0.05%	0.05%
EQC	B	0.1%	0.06%	0.06%
ESNT	F	0.19%	0.18%	0.18%
EVRG	A	0.17%	0.19%	0.17%
EVTC	B	0.02%	0.06%	0.02%
FAF	A	0.04%	0.18%	0.04%
FBIN	D	0.04%	0.3%	0.04%
FCF	B	0.08%	0.05%	0.05%
FDP	B	0.03%	0.04%	0.03%
FFBC	B	0.11%	0.07%	0.07%
FHB	B	0.06%	0.09%	0.06%
FHI	B	0.06%	0.09%	0.06%
FHN	A	0.17%	0.27%	0.17%
FIBK	B	0.08%	0.08%	0.08%
FLR	B	0.05%	0.26%	0.05%
FMC	D	0.18%	0.24%	0.18%
FNB	A	0.15%	0.15%	0.15%
FOR	F	0.11%	0.02%	0.02%
FRME	B	0.09%	0.06%	0.06%
FUL	F	0.04%	0.12%	0.04%
FULT	A	0.08%	0.1%	0.08%
G	B	0.2%	0.2%	0.2%
GBX	A	0.16%	0.05%	0.05%
GEF	A	0.13%	0.04%	0.04%
GEF	A	0.13%	0.0%	0.0%
GEO	B	0.1%	0.06%	0.06%
GES	F	0.1%	0.01%	0.01%
GHC	B	0.11%	0.08%	0.08%
GIII	D	0.13%	0.03%	0.03%
GL	C	0.13%	0.28%	0.13%
GMS	B	0.14%	0.1%	0.1%
GNW	A	0.03%	0.09%	0.03%
GO	C	0.05%	0.04%	0.04%
GPI	B	0.18%	0.14%	0.14%
GT	C	0.13%	0.07%	0.07%
HAYW	B	0.03%	0.07%	0.03%
HCC	B	0.22%	0.1%	0.1%
HELE	C	0.13%	0.04%	0.04%
HII	F	0.1%	0.21%	0.1%
HIW	C	0.09%	0.1%	0.09%
HLF	C	0.05%	0.02%	0.02%
HLIO	B	0.03%	0.04%	0.03%
HMN	B	0.06%	0.04%	0.04%
HOG	D	0.18%	0.11%	0.11%
HOPE	C	0.08%	0.04%	0.04%
HP	C	0.24%	0.04%	0.04%
HSIC	C	0.04%	0.26%	0.04%
HTH	C	0.05%	0.04%	0.04%
HTZ	C	0.15%	0.01%	0.01%
HUBG	A	0.08%	0.07%	0.07%
HWC	B	0.1%	0.13%	0.1%
HY	D	0.08%	0.02%	0.02%
IAC	F	0.04%	0.1%	0.04%
IART	C	0.13%	0.04%	0.04%
IDA	A	0.1%	0.16%	0.1%
IEX	C	0.09%	0.47%	0.09%
INDB	B	0.12%	0.07%	0.07%
INGR	C	0.14%	0.25%	0.14%
INVA	D	0.12%	0.03%	0.03%
IOSP	C	0.05%	0.08%	0.05%
IPG	D	0.08%	0.32%	0.08%
IPGP	D	0.07%	0.06%	0.06%
IVT	A	0.03%	0.06%	0.03%
IVZ	B	0.04%	0.22%	0.04%
JAZZ	B	0.19%	0.19%	0.19%
JBGS	F	0.02%	0.04%	0.02%
JBL	C	0.14%	0.39%	0.14%
JEF	A	0.05%	0.27%	0.05%
JWN	D	0.09%	0.09%	0.09%
JXN	C	0.24%	0.22%	0.22%
KALU	C	0.08%	0.03%	0.03%
KAR	B	0.06%	0.05%	0.05%
KBH	D	0.16%	0.15%	0.15%
KFRC	D	0.02%	0.03%	0.02%
KFY	B	0.09%	0.11%	0.09%
KIM	A	0.19%	0.47%	0.19%
KMT	B	0.14%	0.06%	0.06%
KNX	C	0.09%	0.23%	0.09%
KRC	B	0.18%	0.14%	0.14%
KSS	F	0.11%	0.06%	0.06%
KWR	C	0.05%	0.03%	0.03%
LAD	A	0.2%	0.26%	0.2%
LADR	B	0.1%	0.04%	0.04%
LAUR	A	0.08%	0.06%	0.06%
LC	A	0.07%	0.04%	0.04%
LCII	C	0.05%	0.04%	0.04%
LEA	F	0.19%	0.16%	0.16%
LKQ	F	0.13%	0.28%	0.13%
LNC	C	0.19%	0.17%	0.17%
LPX	B	0.09%	0.18%	0.09%
LXP	D	0.02%	0.08%	0.02%
LZB	B	0.1%	0.05%	0.05%
M	F	0.17%	0.12%	0.12%
MAT	D	0.04%	0.2%	0.04%
MATX	C	0.2%	0.15%	0.15%
MDU	D	0.16%	0.16%	0.16%
MGM	D	0.04%	0.12%	0.04%
MHO	D	0.19%	0.06%	0.06%
MIDD	C	0.08%	0.2%	0.08%
MLI	B	0.1%	0.27%	0.1%
MLKN	F	0.1%	0.05%	0.05%
MODG	F	0.08%	0.02%	0.02%
MOS	F	0.17%	0.25%	0.17%
MRC	B	0.11%	0.03%	0.03%
MSGE	F	0.02%	0.03%	0.02%
MSM	C	0.09%	0.1%	0.09%
MTG	C	0.21%	0.19%	0.19%
MTH	D	0.19%	0.19%	0.19%
MTRN	C	0.03%	0.06%	0.03%
MTX	B	0.05%	0.07%	0.05%
MUR	D	0.21%	0.13%	0.13%
MUSA	B	0.05%	0.26%	0.05%
NAVI	F	0.1%	0.03%	0.03%
NBTB	B	0.03%	0.06%	0.03%
NFG	A	0.17%	0.16%	0.16%
NI	A	0.27%	0.23%	0.23%
NJR	A	0.04%	0.13%	0.04%
NMRK	C	0.02%	0.06%	0.02%
NNI	D	0.02%	0.04%	0.02%
NSP	F	0.04%	0.08%	0.04%
NWBI	B	0.05%	0.05%	0.05%
NWE	B	0.1%	0.1%	0.1%
NWN	A	0.1%	0.04%	0.04%
NX	C	0.08%	0.04%	0.04%
NXST	C	0.13%	0.16%	0.13%
OC	A	0.39%	0.45%	0.39%
ODP	F	0.04%	0.03%	0.03%
OFG	B	0.05%	0.05%	0.05%
OGE	A	0.13%	0.23%	0.13%
OGN	F	0.1%	0.14%	0.1%
OGS	A	0.13%	0.12%	0.12%
OI	C	0.02%	0.05%	0.02%
OLN	F	0.11%	0.14%	0.11%
OLPX	D	0.02%	0.01%	0.01%
OMF	A	0.15%	0.17%	0.15%
OMI	F	0.06%	0.03%	0.03%
ORI	A	0.09%	0.24%	0.09%
OSK	C	0.24%	0.19%	0.19%
OTTR	C	0.18%	0.1%	0.1%
OVV	B	0.25%	0.3%	0.25%
OXM	F	0.02%	0.03%	0.02%
OZK	B	0.19%	0.14%	0.14%
PAG	B	0.13%	0.09%	0.09%
PB	B	0.1%	0.19%	0.1%
PBF	D	0.22%	0.08%	0.08%
PBH	A	0.06%	0.11%	0.06%
PDCO	F	0.09%	0.05%	0.05%
PFGC	B	0.05%	0.37%	0.05%
PFS	B	0.03%	0.07%	0.03%
PHIN	A	0.11%	0.06%	0.06%
PII	F	0.1%	0.11%	0.1%
PINC	B	0.14%	0.06%	0.06%
PK	C	0.13%	0.08%	0.08%
PNFP	B	0.05%	0.11%	0.05%
PNM	B	0.09%	0.11%	0.09%
PNW	A	0.18%	0.29%	0.18%
POR	C	0.17%	0.14%	0.14%
POST	C	0.12%	0.07%	0.07%
PPBI	C	0.03%	0.07%	0.03%
PRG	C	0.1%	0.05%	0.05%
PRGO	C	0.04%	0.1%	0.04%
PSMT	D	0.05%	0.06%	0.05%
PTEN	C	0.23%	0.09%	0.09%
PTVE	B	0.08%	0.01%	0.01%
PVH	C	0.22%	0.16%	0.16%
R	B	0.2%	0.18%	0.18%
RDN	D	0.21%	0.15%	0.15%
REYN	D	0.08%	0.04%	0.04%
REZI	A	0.13%	0.08%	0.08%
RGA	A	0.18%	0.41%	0.18%
RHI	C	0.05%	0.2%	0.05%
RNR	C	0.2%	0.4%	0.2%
RNST	B	0.08%	0.06%	0.06%
ROIC	A	0.03%	0.05%	0.03%
RRC	B	0.19%	0.2%	0.19%
RS	B	0.47%	0.46%	0.46%
RUSHA	C	0.2%	0.1%	0.1%
RYN	D	0.04%	0.14%	0.04%
SAFT	B	0.03%	0.03%	0.03%
SAH	C	0.11%	0.02%	0.02%
SANM	B	0.15%	0.11%	0.11%
SBH	C	0.1%	0.04%	0.04%
SCL	C	0.05%	0.05%	0.05%
SCSC	C	0.1%	0.03%	0.03%
SEB	F	0.11%	0.02%	0.02%
SEE	C	0.04%	0.12%	0.04%
SEIC	B	0.1%	0.26%	0.1%
SEM	B	0.05%	0.1%	0.05%
SFNC	C	0.08%	0.08%	0.08%
SHO	D	0.12%	0.06%	0.06%
SHOO	F	0.02%	0.05%	0.02%
SIG	B	0.16%	0.11%	0.11%
SJM	D	0.12%	0.34%	0.12%
SLGN	A	0.09%	0.12%	0.09%
SLM	A	0.09%	0.14%	0.09%
SM	B	0.24%	0.07%	0.07%
SNDR	B	0.08%	0.03%	0.03%
SNX	D	0.12%	0.22%	0.12%
SOLV	D	0.17%	0.29%	0.17%
SON	F	0.12%	0.15%	0.12%
SPB	C	0.07%	0.07%	0.07%
SPNT	B	0.13%	0.04%	0.04%
SR	A	0.17%	0.1%	0.1%
SSB	B	0.05%	0.22%	0.05%
SSTK	F	0.06%	0.01%	0.01%
STBA	B	0.05%	0.04%	0.04%
STLD	B	0.48%	0.28%	0.28%
STWD	C	0.04%	0.18%	0.04%
SUM	B	0.16%	0.17%	0.16%
SWX	B	0.13%	0.13%	0.13%
SYNA	C	0.05%	0.08%	0.05%
TAP	C	0.23%	0.28%	0.23%
TCBI	C	0.03%	0.1%	0.03%
TDS	B	0.13%	0.08%	0.08%
TEX	F	0.21%	0.1%	0.1%
TGNA	B	0.14%	0.08%	0.08%
THO	B	0.13%	0.15%	0.13%
TKR	D	0.08%	0.15%	0.08%
TMHC	C	0.22%	0.2%	0.2%
TOL	B	0.43%	0.44%	0.43%
TOWN	B	0.05%	0.06%	0.05%
TPH	D	0.2%	0.11%	0.11%
TPR	B	0.05%	0.32%	0.05%
TRMK	C	0.12%	0.06%	0.06%
TTMI	C	0.07%	0.06%	0.06%
UBSI	B	0.1%	0.15%	0.1%
UCB	A	0.05%	0.1%	0.05%
UFPI	C	0.09%	0.21%	0.09%
UGI	C	0.2%	0.15%	0.15%
UHAL	D	0.07%	0.19%	0.07%
UHAL	D	0.07%	0.02%	0.02%
UHS	D	0.15%	0.34%	0.15%
UMBF	B	0.05%	0.13%	0.05%
UNF	B	0.07%	0.08%	0.07%
UNM	A	0.21%	0.28%	0.21%
UPBD	B	0.02%	0.04%	0.02%
URBN	C	0.22%	0.07%	0.07%
USM	B	0.11%	0.03%	0.03%
UVV	B	0.12%	0.03%	0.03%
VAC	C	0.13%	0.07%	0.07%
VC	F	0.12%	0.04%	0.04%
VLY	B	0.14%	0.12%	0.12%
VNT	C	0.1%	0.17%	0.1%
VOYA	B	0.04%	0.23%	0.04%
VRTS	B	0.08%	0.04%	0.04%
VSAT	F	0.06%	0.03%	0.03%
VSCO	C	0.1%	0.07%	0.07%
VSH	F	0.11%	0.06%	0.06%
VSTS	C	0.09%	0.05%	0.05%
WAFD	B	0.05%	0.08%	0.05%
WAL	B	0.05%	0.25%	0.05%
WBS	A	0.17%	0.26%	0.17%
WCC	B	0.16%	0.28%	0.16%
WD	D	0.04%	0.1%	0.04%
WERN	C	0.08%	0.06%	0.06%
WHR	B	0.14%	0.17%	0.14%
WKC	C	0.11%	0.04%	0.04%
WLK	D	0.15%	0.07%	0.07%
WMK	C	0.11%	0.03%	0.03%
WS	C	0.13%	0.04%	0.04%
WSBC	B	0.09%	0.05%	0.05%
WSFS	B	0.08%	0.09%	0.08%
WTFC	A	0.1%	0.23%	0.1%
WTRG	B	0.09%	0.28%	0.09%
WTS	B	0.04%	0.15%	0.04%
WU	F	0.11%	0.11%	0.11%
XHR	B	0.07%	0.02%	0.02%
XRX	F	0.08%	0.03%	0.03%
ZD	B	0.12%	0.06%	0.06%
ZION	B	0.16%	0.22%	0.16%

FAB Overweight 281 Positions Relative to VBR

Symbol	Grade	Weight
UAL	A	0.7%
SYF	B	0.57%
DAL	B	0.56%
GM	C	0.56%
PCAR	B	0.51%
FOXA	A	0.49%
CVX	A	0.48%
CINF	A	0.48%
TROW	B	0.48%
EOG	A	0.48%
COP	C	0.47%
HPE	B	0.46%
F	C	0.46%
CTRA	B	0.46%
XOM	B	0.45%
WFC	A	0.45%
AIG	B	0.45%
HAL	C	0.45%
VLO	C	0.45%
CMCSA	B	0.45%
DVN	F	0.44%
T	A	0.44%
NUE	C	0.43%
COF	C	0.43%
OXY	D	0.43%
PSX	C	0.43%
HBAN	A	0.42%
KMI	A	0.42%
MPC	D	0.42%
EG	C	0.41%
EQT	B	0.41%
LNG	A	0.41%
LEN	D	0.4%
CFG	B	0.4%
ETR	B	0.39%
PHM	D	0.39%
LYB	F	0.38%
SRE	A	0.38%
VTRS	A	0.38%
C	A	0.38%
CVS	D	0.38%
ADM	D	0.38%
CTSH	B	0.37%
CRBG	B	0.37%
L	A	0.37%
XEL	A	0.37%
FANG	C	0.37%
INTC	C	0.37%
FDX	B	0.37%
CNP	A	0.36%
AEE	A	0.36%
KR	B	0.36%
SLB	C	0.36%
HIG	B	0.35%
CB	C	0.35%
CF	A	0.35%
ZBH	C	0.35%
APTV	F	0.33%
EXC	C	0.33%
SNA	A	0.32%
VZ	C	0.32%
DG	F	0.32%
ED	C	0.32%
ON	D	0.32%
MS	A	0.32%
MTB	A	0.31%
CHTR	C	0.31%
BAC	A	0.3%
SWKS	F	0.3%
IP	A	0.3%
DHI	F	0.3%
BKR	A	0.3%
RF	A	0.29%
TDY	B	0.28%
LUV	C	0.28%
TRV	B	0.28%
USB	A	0.28%
FITB	B	0.28%
STT	B	0.27%
CNC	D	0.27%
PPL	A	0.26%
MTDR	B	0.26%
DGX	A	0.26%
TXT	D	0.25%
D	C	0.25%
NOG	B	0.25%
LNT	A	0.25%
AFL	B	0.25%
EQR	C	0.25%
ULTA	F	0.25%
TGT	F	0.25%
DTE	C	0.24%
CE	F	0.24%
DE	B	0.24%
EBAY	D	0.24%
HRL	D	0.24%
DUK	C	0.24%
SYY	D	0.24%
BBY	D	0.23%
STX	C	0.23%
RJF	A	0.23%
KHC	F	0.23%
AEP	C	0.23%
AMR	C	0.22%
BIIB	F	0.22%
NFE	D	0.22%
NOV	C	0.22%
CIVI	D	0.22%
AKAM	D	0.22%
OKE	A	0.21%
ZM	C	0.21%
DOW	F	0.21%
LBRT	D	0.2%
PNC	B	0.2%
DIS	B	0.2%
RIOT	C	0.2%
KEY	B	0.2%
LBRDK	C	0.2%
JBHT	C	0.19%
TSN	B	0.19%
CSCO	B	0.19%
DAR	C	0.19%
NWSA	A	0.19%
PKG	A	0.19%
MGY	A	0.19%
GBDC	D	0.18%
HRI	C	0.18%
HPQ	B	0.18%
DRI	B	0.18%
CSX	C	0.18%
PRU	A	0.18%
CMS	C	0.17%
NVR	D	0.17%
HST	C	0.17%
FNF	B	0.17%
WEC	A	0.17%
SSNC	B	0.17%
MOH	F	0.16%
KDP	F	0.16%
HUM	C	0.16%
ARE	F	0.16%
FE	C	0.16%
CARR	C	0.16%
PPG	F	0.16%
HSY	F	0.16%
JNJ	C	0.16%
EIX	B	0.16%
CTOS	B	0.15%
CUBI	B	0.15%
JBT	B	0.15%
GIS	D	0.15%
GPC	D	0.15%
RIG	D	0.14%
ELV	F	0.14%
TALO	C	0.14%
ULH	C	0.14%
VTLE	C	0.14%
KOS	D	0.13%
RLJ	C	0.13%
GPOR	B	0.13%
RES	D	0.12%
BY	B	0.12%
PEBO	B	0.12%
PRDO	B	0.12%
IMKTA	C	0.12%
PARR	F	0.12%
PLAB	C	0.12%
CCS	D	0.11%
CMI	A	0.1%
ODFL	C	0.1%
OEC	C	0.1%
HGV	C	0.1%
HOV	D	0.1%
CMCO	C	0.1%
HD	B	0.09%
PFG	D	0.09%
TNET	F	0.09%
FIVE	F	0.09%
CRL	D	0.09%
PFBC	B	0.09%
OMC	C	0.09%
CLX	A	0.09%
SBUX	A	0.09%
ACN	B	0.09%
ALKS	C	0.09%
CRK	B	0.09%
SASR	B	0.09%
CASH	B	0.09%
LHX	C	0.09%
WRB	A	0.09%
PLYA	B	0.09%
ADNT	F	0.09%
APD	A	0.09%
LH	B	0.09%
J	D	0.09%
PYPL	B	0.09%
BUSE	B	0.08%
MDLZ	F	0.08%
WPC	C	0.08%
WGO	C	0.08%
AWK	C	0.08%
MCRI	A	0.08%
CPB	D	0.08%
WY	F	0.08%
LMT	D	0.08%
EXPD	C	0.08%
ALG	B	0.08%
SKX	D	0.08%
DD	C	0.08%
CI	D	0.08%
SRCE	B	0.08%
MAS	D	0.08%
HOLX	D	0.08%
MDT	D	0.08%
FTV	C	0.08%
TCBK	C	0.08%
VBTX	B	0.08%
KEYS	A	0.08%
GD	D	0.08%
PEP	F	0.08%
UPS	C	0.08%
CTVA	C	0.08%
NDSN	B	0.08%
MAA	B	0.08%
EFSC	B	0.08%
LOW	C	0.08%
LILAK	D	0.07%
SJW	F	0.07%
PEB	D	0.07%
MRTN	D	0.07%
CAG	F	0.07%
NKE	F	0.07%
KLG	B	0.07%
DIOD	D	0.07%
MMS	F	0.07%
SBCF	B	0.06%
GOGO	C	0.06%
FBNC	B	0.06%
DFH	D	0.06%
NIC	B	0.06%
SNEX	B	0.06%
GRBK	D	0.06%
SCVL	F	0.06%
LGIH	F	0.06%
ROG	D	0.05%
PATK	C	0.05%
DFIN	D	0.05%
DEA	D	0.05%
SHEN	F	0.05%
THRM	F	0.05%
YETI	D	0.05%
GXO	B	0.05%
LNN	B	0.05%
ROCK	C	0.05%
UPWK	B	0.04%
MYRG	B	0.04%
FOXF	F	0.04%
CZR	F	0.04%
LFUS	D	0.04%
TTC	C	0.04%
LSTR	D	0.04%
FELE	B	0.04%
SKY	A	0.04%
XPEL	B	0.03%
CVCO	A	0.03%
SAM	C	0.03%
FBK	C	0.03%
MCW	C	0.03%
MGPI	F	0.03%
OPCH	D	0.03%
PLUS	F	0.02%
GIC	D	0.02%
GPRE	F	0.02%
RC	D	0.02%
SHLS	F	0.02%
CNXN	C	0.02%
NVEE	F	0.02%
STC	B	0.02%
CNMD	C	0.02%
MSEX	C	0.02%
PGRE	F	0.02%

FAB Underweight 407 Positions Relative to VBR

Symbol	Grade	Weight
SW	A	-0.78%
BAH	F	-0.69%
EME	A	-0.61%
FCNCA	A	-0.61%
CSL	C	-0.57%
NRG	B	-0.55%
UTHR	C	-0.49%
RPM	A	-0.48%
PNR	A	-0.48%
USFD	A	-0.44%
THC	D	-0.43%
ACM	B	-0.42%
EQH	C	-0.42%
FFIV	B	-0.4%
WSM	C	-0.39%
EWBC	A	-0.39%
SFM	A	-0.38%
JLL	D	-0.38%
REG	A	-0.38%
GLPI	C	-0.38%
TTEK	F	-0.38%
JNPR	D	-0.37%
ALLE	C	-0.36%
CACI	D	-0.36%
LDOS	C	-0.36%
CPT	B	-0.36%
NVT	B	-0.36%
CHRW	B	-0.34%
CG	B	-0.34%
AES	F	-0.34%
ATR	B	-0.33%
SCI	B	-0.33%
CCK	D	-0.33%
KMX	B	-0.33%
ITT	A	-0.33%
BXP	C	-0.33%
HUBB	B	-0.33%
OHI	C	-0.32%
RRX	B	-0.32%
AA	A	-0.3%
ARMK	B	-0.29%
EHC	B	-0.29%
SF	B	-0.29%
TFX	F	-0.28%
EVR	B	-0.28%
Z	A	-0.27%
AYI	B	-0.27%
FRT	B	-0.27%
ALSN	B	-0.27%
PRI	B	-0.27%
DTM	A	-0.26%
AAL	B	-0.26%
DCI	B	-0.26%
AIT	B	-0.26%
FYBR	C	-0.26%
KBR	F	-0.26%
APG	B	-0.25%
GPK	C	-0.25%
GME	C	-0.25%
NYT	D	-0.25%
HAS	D	-0.25%
VFC	C	-0.24%
BRX	A	-0.24%
AXTA	B	-0.24%
HRB	D	-0.24%
EGP	D	-0.24%
DKS	D	-0.23%
X	B	-0.23%
NNN	C	-0.23%
SAIC	F	-0.22%
ADC	A	-0.22%
VNO	C	-0.22%
RL	C	-0.22%
CR	A	-0.22%
ESAB	C	-0.21%
COHR	B	-0.21%
MHK	D	-0.21%
XPO	B	-0.21%
CBSH	B	-0.21%
AGNC	C	-0.21%
CFR	B	-0.21%
MKSI	C	-0.2%
ANF	F	-0.2%
QRVO	F	-0.2%
RLI	A	-0.2%
STAG	D	-0.2%
SNV	C	-0.2%
FLS	B	-0.2%
BIO	C	-0.2%
FR	D	-0.2%
FCN	F	-0.2%
LUMN	C	-0.19%
KEX	B	-0.19%
ONB	C	-0.18%
MSA	F	-0.18%
ELAN	D	-0.18%
VMI	B	-0.18%
NSIT	F	-0.17%
SRCL	B	-0.17%
ACI	C	-0.17%
LAMR	C	-0.17%
PARA	C	-0.17%
SIRI	C	-0.17%
DVA	C	-0.17%
CRUS	D	-0.17%
ESI	B	-0.17%
CBT	D	-0.17%
GBCI	B	-0.17%
MOG.A	B	-0.16%
KNF	B	-0.16%
SIGI	C	-0.16%
TPG	A	-0.16%
ALB	B	-0.16%
NCLH	B	-0.16%
GAP	C	-0.15%
PSN	D	-0.15%
ST	F	-0.15%
VVV	D	-0.15%
JHG	B	-0.15%
KD	B	-0.15%
BDC	C	-0.14%
XRAY	F	-0.14%
KTB	B	-0.14%
PIPR	A	-0.14%
MDGL	B	-0.14%
THG	A	-0.14%
AM	A	-0.14%
AUR	C	-0.14%
SLG	B	-0.14%
HOMB	A	-0.14%
GATX	A	-0.14%
ZWS	B	-0.14%
RIVN	F	-0.13%
PR	B	-0.13%
BCO	F	-0.13%
WTM	A	-0.13%
EAT	A	-0.13%
FFIN	B	-0.13%
LYFT	C	-0.13%
SBRA	C	-0.13%
GTES	A	-0.13%
ICUI	D	-0.12%
MAC	B	-0.12%
EDR	A	-0.12%
HASI	D	-0.12%
ITGR	B	-0.12%
FLO	D	-0.12%
NVST	B	-0.11%
HUN	F	-0.11%
SKYW	C	-0.11%
CDP	C	-0.11%
SKT	A	-0.11%
AX	B	-0.11%
GVA	A	-0.11%
ESGR	B	-0.11%
ALE	A	-0.11%
SMG	C	-0.11%
ACHC	F	-0.11%
NUVL	C	-0.11%
KMPR	A	-0.11%
HL	D	-0.11%
MTZ	B	-0.11%
PLXS	B	-0.11%
WBA	F	-0.1%
MGEE	B	-0.1%
PCH	F	-0.1%
WEN	D	-0.1%
BGC	C	-0.1%
NHI	D	-0.1%
IBOC	B	-0.1%
EPR	C	-0.1%
NWL	C	-0.1%
BRC	D	-0.09%
MAN	F	-0.09%
SATS	D	-0.09%
MIR	A	-0.09%
PENN	C	-0.09%
NPO	A	-0.09%
APAM	B	-0.09%
AWR	B	-0.09%
TDC	D	-0.09%
AMED	F	-0.09%
CWK	C	-0.09%
FBP	C	-0.09%
TNL	A	-0.09%
PRIM	A	-0.09%
SXT	C	-0.09%
COMP	B	-0.09%
AROC	A	-0.09%
ESE	B	-0.09%
AKR	B	-0.08%
COTY	F	-0.08%
UE	B	-0.08%
PRGS	A	-0.08%
MPW	F	-0.08%
GFF	A	-0.08%
MGRC	B	-0.08%
RNG	C	-0.08%
TRN	B	-0.08%
IOVA	F	-0.08%
BOH	B	-0.08%
ATGE	B	-0.08%
OMCL	C	-0.07%
ENR	B	-0.07%
CDE	C	-0.07%
PECO	A	-0.07%
HBI	B	-0.07%
RNA	C	-0.07%
DY	D	-0.07%
BXMT	C	-0.07%
OUT	A	-0.07%
PRK	B	-0.07%
ARCH	B	-0.07%
PFSI	C	-0.07%
VIRT	A	-0.07%
NATL	B	-0.06%
CGON	F	-0.06%
AZTA	D	-0.06%
LRN	A	-0.06%
IMVT	F	-0.06%
RXO	D	-0.06%
HI	C	-0.06%
BLKB	B	-0.06%
BANF	B	-0.06%
WLY	B	-0.06%
SMMT	D	-0.06%
STRA	C	-0.06%
SFBS	C	-0.06%
ZG	A	-0.06%
VIAV	C	-0.06%
IBTX	B	-0.06%
HURN	C	-0.06%
CAKE	C	-0.06%
INFA	D	-0.06%
B	A	-0.06%
OSIS	A	-0.06%
AZZ	A	-0.06%
JOBY	B	-0.06%
SXI	B	-0.06%
FL	F	-0.06%
HNI	B	-0.06%
CPRI	F	-0.06%
UAA	C	-0.05%
HEES	C	-0.05%
CHCO	B	-0.05%
CNK	C	-0.05%
APOG	C	-0.05%
LTC	B	-0.05%
HE	C	-0.05%
THS	D	-0.05%
NBHC	C	-0.05%
GOLF	B	-0.05%
PZZA	F	-0.05%
PPC	C	-0.05%
STEP	C	-0.05%
SUPN	C	-0.05%
GNL	F	-0.05%
LGND	C	-0.05%
VYX	B	-0.05%
MCY	A	-0.05%
PBI	B	-0.04%
AAT	B	-0.04%
DYN	F	-0.04%
PDM	D	-0.04%
VRE	B	-0.04%
RRR	F	-0.04%
WABC	B	-0.04%
REVG	C	-0.04%
VRNT	C	-0.04%
ESRT	C	-0.04%
CODI	B	-0.04%
WT	A	-0.04%
NTCT	C	-0.04%
VCTR	B	-0.04%
TROX	D	-0.04%
SMR	B	-0.04%
KN	B	-0.04%
ELME	D	-0.04%
FTRE	D	-0.04%
NGVT	B	-0.04%
NHC	C	-0.04%
LEG	F	-0.04%
GTY	A	-0.04%
NPAB	F	-0.04%
MMI	C	-0.03%
THR	B	-0.03%
FA	C	-0.03%
LGF.A	C	-0.03%
JACK	C	-0.03%
MYGN	F	-0.03%
BRKL	B	-0.03%
DNUT	F	-0.03%
RWT	D	-0.03%
CARS	C	-0.03%
UA	C	-0.03%
SCS	C	-0.03%
INSW	F	-0.03%
ECPG	C	-0.03%
TRS	B	-0.03%
CBRL	C	-0.03%
MD	C	-0.03%
ACT	C	-0.03%
FBRT	D	-0.03%
CSR	B	-0.03%
ATSG	B	-0.03%
HTLF	B	-0.03%
RBRK	A	-0.03%
CNNE	B	-0.03%
AIV	C	-0.03%
JELD	F	-0.03%
UNFI	A	-0.03%
WOR	F	-0.03%
VSTO	A	-0.03%
WWW	A	-0.03%
PMT	C	-0.03%
BKD	F	-0.03%
UNIT	B	-0.03%
AMRX	C	-0.03%
CMPR	D	-0.02%
SVC	F	-0.02%
ATUS	B	-0.02%
DAWN	D	-0.02%
NAPA	A	-0.02%
CWH	B	-0.02%
BASE	B	-0.02%
HPP	F	-0.02%
PUMP	C	-0.02%
KELYA	F	-0.02%
AXL	C	-0.02%
BGS	F	-0.02%
RGR	F	-0.02%
KOP	C	-0.02%
SWI	C	-0.02%
MATW	C	-0.02%
KREF	C	-0.02%
PRLB	B	-0.02%
ETWO	F	-0.02%
ASTE	C	-0.02%
CFFN	C	-0.02%
PCRX	C	-0.02%
WNC	C	-0.02%
TMP	B	-0.02%
PRAA	D	-0.02%
FG	A	-0.02%
PRA	C	-0.02%
MNRO	D	-0.02%
HAIN	D	-0.02%
BRSP	C	-0.02%
MATV	D	-0.02%
HCSG	C	-0.02%
LEVI	F	-0.02%
EMBC	C	-0.02%
EYE	C	-0.02%
DLX	B	-0.02%
BDN	C	-0.02%
JBLU	F	-0.02%
OPK	C	-0.01%
TWKS	B	-0.01%
DIN	C	-0.01%
CENT	C	-0.01%
ALX	D	-0.01%
CMP	C	-0.01%
AMBC	C	-0.01%
KRO	C	-0.01%
TGI	B	-0.01%
VREX	B	-0.01%
SWBI	C	-0.01%
CNDT	C	-0.01%
ZIP	D	-0.01%
TRTX	C	-0.01%
SRCL	B	-0.01%
CRCT	F	-0.01%
WOOF	D	-0.01%
NVRI	D	-0.01%
INN	D	-0.01%
RUSHB	C	-0.01%
WRLD	C	-0.01%
VMEO	B	-0.01%
RMR	F	-0.01%
EGBN	B	-0.01%
GRC	A	-0.01%
EE	A	-0.01%
NABL	F	-0.01%
BJRI	C	-0.01%
FWRD	D	-0.01%
USNA	C	-0.01%
CCO	C	-0.01%
CLB	B	-0.01%
CLBK	C	-0.01%
HTLD	C	-0.01%
ARRY	F	-0.01%
BFS	C	-0.01%
SCHL	F	-0.01%
DJT	C	-0.01%
TILE	B	-0.01%
GCMG	B	-0.01%
MXL	C	-0.01%
LGF.A	C	-0.01%
SCWX	C	-0.0%
AC	B	-0.0%
AMCX	C	-0.0%
ACDC	B	-0.0%
TASK	C	-0.0%
LESL	D	-0.0%
LDI	C	-0.0%
NUS	D	-0.0%
BRCC	F	-0.0%