FAB vs. VFVA ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Vanguard Wellington Fund ETF (VFVA)

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

$87.39

Average Daily Volume

2,766

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$126.31

Average Daily Volume

13,107

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VFVA
30 Days	3.51%	3.76%
60 Days	6.25%	8.28%
90 Days	9.38%	11.39%
12 Months	31.21%	32.65%

347 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in VFVA	Overlap
ABCB	B	0.1%	0.16%	0.1%
ABG	B	0.14%	0.15%	0.14%
ADM	F	0.38%	0.23%	0.23%
ADNT	F	0.09%	0.19%	0.09%
AEO	F	0.11%	0.18%	0.11%
AFL	C	0.24%	0.09%	0.09%
AGCO	F	0.08%	0.18%	0.08%
AIG	C	0.45%	0.51%	0.45%
AL	B	0.22%	0.41%	0.22%
ALIT	B	0.04%	0.14%	0.04%
ALK	A	0.15%	0.23%	0.15%
ALKS	B	0.09%	0.02%	0.02%
ALLY	C	0.37%	0.25%	0.25%
AMG	C	0.22%	0.21%	0.21%
AMKR	F	0.16%	0.07%	0.07%
AMR	C	0.22%	0.2%	0.2%
AMWD	B	0.11%	0.06%	0.06%
ANDE	D	0.1%	0.12%	0.1%
APA	F	0.19%	0.22%	0.19%
APTV	F	0.34%	0.14%	0.14%
AR	B	0.09%	0.13%	0.09%
ARCB	C	0.08%	0.08%	0.08%
ARW	F	0.16%	0.43%	0.16%
ASB	B	0.06%	0.13%	0.06%
ASGN	B	0.09%	0.05%	0.05%
ASO	F	0.19%	0.21%	0.19%
ATKR	C	0.26%	0.26%	0.26%
AUB	B	0.05%	0.09%	0.05%
AVT	C	0.18%	0.25%	0.18%
AXS	B	0.13%	0.26%	0.13%
BAC	A	0.29%	0.76%	0.29%
BANR	B	0.09%	0.09%	0.09%
BBWI	C	0.17%	0.18%	0.17%
BC	D	0.13%	0.18%	0.13%
BCC	B	0.17%	0.07%	0.07%
BEN	C	0.18%	0.05%	0.05%
BERY	C	0.13%	0.38%	0.13%
BFH	B	0.16%	0.17%	0.16%
BG	D	0.39%	0.27%	0.27%
BHE	B	0.06%	0.02%	0.02%
BHF	B	0.03%	0.22%	0.03%
BHLB	B	0.03%	0.08%	0.03%
BKU	B	0.08%	0.15%	0.08%
BLDR	D	0.23%	0.08%	0.08%
BLMN	F	0.02%	0.04%	0.02%
BMBL	C	0.15%	0.19%	0.15%
BOKF	B	0.09%	0.08%	0.08%
BPOP	C	0.04%	0.06%	0.04%
BTU	C	0.14%	0.17%	0.14%
BUSE	B	0.07%	0.11%	0.07%
BV	B	0.11%	0.1%	0.1%
BWA	B	0.21%	0.25%	0.21%
BY	B	0.11%	0.04%	0.04%
BYD	A	0.14%	0.18%	0.14%
C	B	0.38%	0.72%	0.38%
CADE	B	0.2%	0.16%	0.16%
CAG	F	0.07%	0.16%	0.07%
CAL	D	0.11%	0.06%	0.06%
CATY	B	0.09%	0.09%	0.09%
CB	D	0.34%	0.48%	0.34%
CC	D	0.02%	0.02%	0.02%
CCS	F	0.11%	0.18%	0.11%
CE	F	0.29%	0.3%	0.29%
CF	B	0.34%	0.18%	0.18%
CFG	B	0.39%	0.13%	0.13%
CHRD	F	0.22%	0.18%	0.18%
CI	D	0.08%	0.66%	0.08%
CIVI	F	0.23%	0.33%	0.23%
CLF	D	0.18%	0.21%	0.18%
CMA	B	0.1%	0.15%	0.1%
CMC	B	0.24%	0.19%	0.19%
CMCO	C	0.1%	0.03%	0.03%
CMCSA	B	0.46%	0.68%	0.46%
CNC	F	0.29%	0.22%	0.22%
CNO	B	0.19%	0.04%	0.04%
CNXC	F	0.18%	0.06%	0.06%
COF	B	0.43%	0.66%	0.43%
COLB	B	0.15%	0.34%	0.15%
COOP	B	0.18%	0.13%	0.13%
COP	C	0.46%	0.65%	0.46%
CRBG	C	0.38%	0.02%	0.02%
CRC	B	0.09%	0.15%	0.09%
CRGY	B	0.12%	0.16%	0.12%
CSCO	A	0.19%	0.14%	0.14%
CTRA	C	0.44%	0.19%	0.19%
CUBI	B	0.14%	0.1%	0.1%
CVS	F	0.39%	0.74%	0.39%
CVX	B	0.46%	0.7%	0.46%
CXW	B	0.22%	0.07%	0.07%
DAL	A	0.52%	0.2%	0.2%
DAN	F	0.08%	0.17%	0.08%
DAR	B	0.19%	0.17%	0.17%
DE	D	0.25%	0.15%	0.15%
DG	F	0.32%	0.02%	0.02%
DGX	A	0.26%	0.03%	0.03%
DHI	D	0.31%	0.31%	0.31%
DINO	D	0.2%	0.16%	0.16%
DIS	C	0.18%	0.4%	0.18%
DNB	B	0.05%	0.09%	0.05%
DNOW	B	0.13%	0.09%	0.09%
DOW	F	0.23%	0.18%	0.18%
DVN	F	0.43%	0.08%	0.08%
DXC	B	0.19%	0.23%	0.19%
EBAY	D	0.24%	0.05%	0.05%
EBC	B	0.11%	0.07%	0.07%
ECVT	C	0.15%	0.14%	0.14%
EFSC	B	0.08%	0.17%	0.08%
EG	D	0.4%	0.17%	0.17%
EIG	B	0.14%	0.02%	0.02%
ELV	F	0.14%	0.07%	0.07%
EMN	D	0.12%	0.09%	0.09%
ENS	D	0.12%	0.12%	0.12%
EOG	B	0.45%	0.75%	0.45%
EPC	F	0.12%	0.02%	0.02%
EQT	A	0.39%	0.17%	0.17%
ESNT	D	0.18%	0.45%	0.18%
F	C	0.45%	0.68%	0.45%
FAF	D	0.04%	0.08%	0.04%
FANG	D	0.37%	0.3%	0.3%
FCF	B	0.08%	0.12%	0.08%
FDP	B	0.03%	0.11%	0.03%
FDX	B	0.36%	0.89%	0.36%
FFBC	B	0.11%	0.2%	0.11%
FHN	B	0.16%	0.1%	0.1%
FIBK	B	0.08%	0.07%	0.07%
FIVE	F	0.09%	0.11%	0.09%
FMC	F	0.2%	0.05%	0.05%
FNB	A	0.15%	0.19%	0.15%
FNF	C	0.17%	0.14%	0.14%
FOR	F	0.12%	0.03%	0.03%
FOXF	F	0.04%	0.09%	0.04%
FRME	A	0.08%	0.05%	0.05%
FULT	B	0.08%	0.1%	0.08%
GBX	A	0.16%	0.16%	0.16%
GD	A	0.09%	0.26%	0.09%
GEF	A	0.13%	0.05%	0.05%
GEO	B	0.09%	0.04%	0.04%
GHC	B	0.11%	0.05%	0.05%
GIII	C	0.13%	0.17%	0.13%
GL	B	0.13%	0.08%	0.08%
GM	B	0.54%	0.87%	0.54%
GNW	A	0.02%	0.12%	0.02%
GO	D	0.05%	0.02%	0.02%
GPI	B	0.18%	0.06%	0.06%
GPOR	B	0.12%	0.2%	0.12%
GPRE	F	0.02%	0.09%	0.02%
GRBK	D	0.06%	0.05%	0.05%
GT	C	0.14%	0.34%	0.14%
HAL	D	0.44%	0.07%	0.07%
HCC	C	0.25%	0.19%	0.19%
HELE	C	0.13%	0.18%	0.13%
HGV	B	0.1%	0.02%	0.02%
HIG	C	0.34%	0.07%	0.07%
HII	D	0.1%	0.11%	0.1%
HLF	C	0.06%	0.07%	0.06%
HOG	F	0.18%	0.18%	0.18%
HOPE	B	0.08%	0.1%	0.08%
HOV	D	0.11%	0.03%	0.03%
HPE	B	0.46%	0.32%	0.32%
HPQ	B	0.18%	0.42%	0.18%
HRI	B	0.19%	0.22%	0.19%
HUBG	B	0.08%	0.04%	0.04%
HWC	B	0.1%	0.19%	0.1%
HY	F	0.09%	0.03%	0.03%
IART	C	0.14%	0.11%	0.11%
IMKTA	C	0.12%	0.17%	0.12%
INDB	B	0.12%	0.07%	0.07%
INGR	B	0.14%	0.17%	0.14%
INTC	C	0.39%	0.66%	0.39%
IP	B	0.3%	0.02%	0.02%
IVZ	C	0.04%	0.19%	0.04%
JAZZ	B	0.18%	0.17%	0.17%
JBL	B	0.15%	0.03%	0.03%
JEF	B	0.05%	0.17%	0.05%
JNJ	F	0.17%	0.18%	0.17%
JXN	B	0.26%	0.15%	0.15%
KALU	B	0.08%	0.04%	0.04%
KBH	D	0.16%	0.21%	0.16%
KEY	B	0.2%	0.19%	0.19%
KFY	B	0.09%	0.07%	0.07%
KHC	F	0.24%	0.1%	0.1%
KMI	A	0.42%	0.11%	0.11%
KNX	B	0.09%	0.19%	0.09%
KOS	F	0.11%	0.19%	0.11%
KR	A	0.36%	0.22%	0.22%
LBRT	D	0.2%	0.05%	0.05%
LC	A	0.06%	0.03%	0.03%
LEA	F	0.19%	0.17%	0.17%
LEN	D	0.4%	0.19%	0.19%
LEN	D	0.4%	0.08%	0.08%
LILAK	F	0.08%	0.19%	0.08%
LKQ	D	0.12%	0.16%	0.12%
LNC	B	0.19%	0.32%	0.19%
LYB	F	0.4%	0.3%	0.3%
LZB	C	0.09%	0.14%	0.09%
M	D	0.18%	0.22%	0.18%
MAT	C	0.04%	0.09%	0.04%
MATX	B	0.19%	0.21%	0.19%
MDT	D	0.08%	0.42%	0.08%
MDU	F	0.15%	0.18%	0.15%
MHO	D	0.21%	0.19%	0.19%
MLI	B	0.11%	0.22%	0.11%
MLKN	D	0.1%	0.07%	0.07%
MODG	F	0.09%	0.09%	0.09%
MOS	D	0.18%	0.23%	0.18%
MPC	D	0.41%	0.56%	0.41%
MRC	B	0.11%	0.04%	0.04%
MS	A	0.31%	0.32%	0.31%
MTB	B	0.3%	0.18%	0.18%
MTDR	C	0.25%	0.18%	0.18%
MTG	D	0.21%	0.28%	0.21%
MTH	D	0.2%	0.05%	0.05%
MUR	F	0.21%	0.29%	0.21%
NAVI	C	0.1%	0.13%	0.1%
NBTB	B	0.03%	0.08%	0.03%
NIC	A	0.06%	0.07%	0.06%
NMRK	B	0.02%	0.16%	0.02%
NNI	C	0.03%	0.06%	0.03%
NOG	B	0.25%	0.07%	0.07%
NOV	D	0.22%	0.19%	0.19%
NUE	C	0.47%	0.38%	0.38%
NWBI	B	0.05%	0.05%	0.05%
NWSA	B	0.19%	0.14%	0.14%
NX	C	0.08%	0.09%	0.08%
NXST	C	0.15%	0.05%	0.05%
OC	B	0.37%	0.07%	0.07%
ODP	F	0.05%	0.18%	0.05%
OEC	D	0.09%	0.07%	0.07%
OFG	C	0.05%	0.05%	0.05%
OGN	F	0.11%	0.15%	0.11%
OI	D	0.02%	0.27%	0.02%
OLN	D	0.12%	0.14%	0.12%
OLPX	F	0.02%	0.03%	0.02%
OMF	B	0.15%	0.07%	0.07%
OMI	F	0.06%	0.16%	0.06%
ORI	A	0.09%	0.13%	0.09%
OVV	C	0.23%	0.26%	0.23%
OXY	F	0.43%	0.5%	0.43%
OZK	B	0.19%	0.12%	0.12%
PARR	F	0.11%	0.16%	0.11%
PATK	D	0.04%	0.09%	0.04%
PBF	F	0.21%	0.18%	0.18%
PCAR	B	0.5%	0.42%	0.42%
PEBO	B	0.11%	0.11%	0.11%
PFBC	B	0.08%	0.02%	0.02%
PFG	C	0.08%	0.06%	0.06%
PFS	B	0.03%	0.06%	0.03%
PHIN	B	0.11%	0.1%	0.1%
PHM	D	0.4%	0.11%	0.11%
PII	F	0.11%	0.08%	0.08%
PINC	B	0.14%	0.02%	0.02%
PLAB	C	0.13%	0.12%	0.12%
PNC	A	0.19%	0.33%	0.19%
PNFP	B	0.05%	0.11%	0.05%
PPBI	B	0.03%	0.11%	0.03%
PRDO	B	0.11%	0.28%	0.11%
PRGO	C	0.04%	0.24%	0.04%
PRU	B	0.18%	0.28%	0.18%
PSX	D	0.42%	0.71%	0.42%
PTEN	D	0.24%	0.21%	0.21%
PTVE	D	0.07%	0.03%	0.03%
PVH	C	0.22%	0.21%	0.21%
PYPL	B	0.09%	0.24%	0.09%
R	B	0.19%	0.41%	0.19%
RDN	C	0.21%	0.28%	0.21%
REZI	A	0.11%	0.14%	0.11%
RF	A	0.28%	0.1%	0.1%
RGA	A	0.18%	0.04%	0.04%
RJF	A	0.22%	0.08%	0.08%
RNR	D	0.21%	0.2%	0.2%
RNST	B	0.08%	0.1%	0.08%
RRC	B	0.18%	0.1%	0.1%
RS	B	0.48%	0.02%	0.02%
RUSHA	B	0.2%	0.06%	0.06%
SANM	B	0.16%	0.07%	0.07%
SASR	B	0.09%	0.11%	0.09%
SBH	C	0.1%	0.16%	0.1%
SCSC	B	0.1%	0.11%	0.1%
SCVL	D	0.06%	0.03%	0.03%
SEB	F	0.11%	0.16%	0.11%
SHLS	F	0.03%	0.03%	0.03%
SJM	F	0.12%	0.15%	0.12%
SLB	D	0.36%	0.69%	0.36%
SLM	B	0.09%	0.03%	0.03%
SM	C	0.23%	0.22%	0.22%
SNDR	A	0.08%	0.15%	0.08%
SNEX	B	0.06%	0.07%	0.06%
SNX	C	0.13%	0.24%	0.13%
SON	F	0.12%	0.21%	0.12%
SRCE	A	0.08%	0.08%	0.08%
SSB	B	0.05%	0.08%	0.05%
SSNC	C	0.17%	0.08%	0.08%
STBA	C	0.05%	0.26%	0.05%
STC	C	0.02%	0.1%	0.02%
STLD	B	0.51%	0.13%	0.13%
STT	B	0.27%	0.02%	0.02%
SYF	B	0.56%	0.33%	0.33%
T	C	0.44%	1.01%	0.44%
TALO	B	0.14%	0.04%	0.04%
TAP	B	0.21%	0.16%	0.16%
TCBK	B	0.08%	0.06%	0.06%
TDS	B	0.14%	0.12%	0.12%
TEX	C	0.23%	0.21%	0.21%
TGNA	B	0.15%	0.2%	0.15%
TGT	C	0.25%	0.27%	0.25%
TKR	F	0.08%	0.09%	0.08%
TMHC	C	0.22%	0.06%	0.06%
TOL	B	0.43%	0.16%	0.16%
TOWN	B	0.05%	0.05%	0.05%
TPH	D	0.2%	0.21%	0.2%
TPR	B	0.05%	0.04%	0.04%
TRMK	B	0.12%	0.07%	0.07%
TRV	B	0.27%	0.48%	0.27%
TSN	C	0.17%	0.07%	0.07%
TTMI	A	0.07%	0.25%	0.07%
TXT	D	0.25%	0.09%	0.09%
UAL	A	0.65%	0.29%	0.29%
UCB	B	0.05%	0.02%	0.02%
UFPI	B	0.09%	0.11%	0.09%
UHAL	C	0.08%	0.22%	0.08%
UHS	D	0.16%	0.16%	0.16%
UNM	A	0.2%	0.6%	0.2%
UPBD	B	0.02%	0.07%	0.02%
URBN	C	0.21%	0.07%	0.07%
USB	B	0.28%	0.71%	0.28%
VAC	B	0.13%	0.09%	0.09%
VBTX	B	0.08%	0.13%	0.08%
VLO	D	0.44%	0.66%	0.44%
VLY	B	0.14%	0.09%	0.09%
VSCO	B	0.1%	0.06%	0.06%
VSH	F	0.12%	0.07%	0.07%
VTRS	B	0.4%	0.25%	0.25%
VZ	D	0.31%	0.8%	0.31%
WAFD	B	0.05%	0.21%	0.05%
WAL	B	0.04%	0.18%	0.04%
WBS	B	0.16%	0.22%	0.16%
WCC	B	0.16%	0.2%	0.16%
WERN	B	0.08%	0.03%	0.03%
WFC	B	0.43%	0.59%	0.43%
WHR	B	0.13%	0.21%	0.13%
WKC	D	0.11%	0.16%	0.11%
WMK	B	0.11%	0.03%	0.03%
WSBC	B	0.09%	0.08%	0.08%
XOM	B	0.45%	0.86%	0.45%
XRX	F	0.08%	0.05%	0.05%
ZD	B	0.1%	0.17%	0.1%
ZION	B	0.16%	0.16%	0.16%

FAB Overweight 319 Positions Relative to VFVA

Symbol	Grade	Weight
TROW	B	0.48%
CINF	A	0.47%
FOXA	A	0.46%
HBAN	A	0.41%
ETR	B	0.39%
LNG	B	0.39%
CTSH	A	0.37%
SRE	A	0.37%
L	B	0.36%
ON	D	0.35%
CNP	B	0.35%
ZBH	C	0.35%
XEL	A	0.35%
ATO	A	0.35%
AEE	A	0.34%
ED	D	0.33%
EXC	D	0.33%
SWKS	F	0.32%
CHTR	B	0.31%
SNA	A	0.31%
BKR	B	0.3%
TDY	A	0.28%
LUV	B	0.27%
FITB	A	0.27%
NI	A	0.26%
ULTA	C	0.26%
AKAM	F	0.26%
PPL	A	0.25%
D	D	0.25%
CNX	B	0.25%
SYY	B	0.25%
HP	C	0.25%
LNT	C	0.24%
AEP	D	0.24%
OSK	B	0.24%
HRL	F	0.24%
STX	D	0.24%
DUK	D	0.24%
EQR	D	0.24%
BIIB	F	0.23%
DTE	D	0.23%
AGO	B	0.23%
LBRDK	B	0.22%
BBY	D	0.22%
NFE	F	0.22%
RIOT	C	0.21%
OKE	A	0.2%
LAD	B	0.2%
ZM	A	0.2%
UGI	D	0.2%
MGY	B	0.19%
JBHT	B	0.19%
PKG	B	0.19%
HST	C	0.18%
DRI	B	0.18%
DDS	C	0.18%
CSX	B	0.18%
OTTR	C	0.18%
KRC	C	0.18%
G	B	0.18%
ADTN	B	0.18%
KIM	B	0.18%
SOLV	C	0.18%
PPG	F	0.17%
POR	D	0.17%
ARE	F	0.17%
NFG	C	0.17%
NVR	D	0.17%
BKH	B	0.17%
EVRG	A	0.17%
MOH	F	0.17%
AAP	D	0.17%
DOC	C	0.17%
WEC	B	0.17%
PNW	B	0.17%
GBDC	B	0.17%
HSY	D	0.16%
WLK	F	0.16%
HUM	F	0.16%
FE	D	0.16%
CARR	D	0.16%
EIX	D	0.16%
SIG	B	0.16%
SR	C	0.16%
CMS	D	0.16%
SUM	B	0.16%
ULH	B	0.15%
JBT	C	0.15%
KDP	D	0.15%
GIS	F	0.15%
GPC	D	0.15%
CABO	C	0.14%
RIG	D	0.14%
KMT	B	0.14%
VTLE	C	0.14%
GMS	B	0.14%
CTOS	C	0.14%
OGS	B	0.13%
PAG	C	0.13%
RLJ	C	0.13%
SWX	B	0.13%
INVA	B	0.13%
SHO	B	0.13%
THO	B	0.13%
PK	B	0.13%
APLE	B	0.13%
WS	B	0.13%
OGE	B	0.13%
WU	F	0.12%
HTZ	D	0.12%
AVA	D	0.12%
USM	B	0.12%
ASH	F	0.12%
SPNT	C	0.12%
VC	D	0.12%
AN	D	0.12%
RES	D	0.12%
POST	D	0.12%
UVV	B	0.12%
GES	F	0.11%
KSS	F	0.11%
SAH	B	0.11%
DBRG	F	0.11%
ODFL	B	0.1%
AMN	F	0.1%
UBSI	B	0.1%
ABR	B	0.1%
PDCO	D	0.1%
PRG	C	0.1%
NWN	B	0.1%
SEIC	A	0.1%
LADR	B	0.1%
CENTA	C	0.1%
EQC	B	0.1%
HIW	D	0.1%
WTFC	A	0.1%
BECN	B	0.1%
VNT	B	0.1%
DRH	B	0.1%
CRK	B	0.09%
OMC	B	0.09%
CASH	A	0.09%
ACN	C	0.09%
LPX	A	0.09%
WTRG	B	0.09%
MIDD	C	0.09%
JWN	B	0.09%
SLGN	A	0.09%
PNM	B	0.09%
COLM	B	0.09%
KEYS	B	0.09%
MSM	B	0.09%
CVBF	B	0.09%
AIZ	A	0.09%
CVI	F	0.09%
APD	B	0.09%
WRB	B	0.09%
IEX	B	0.09%
LH	B	0.09%
LHX	B	0.09%
PLYA	B	0.09%
CRL	C	0.09%
BNL	D	0.09%
CUZ	C	0.09%
NWE	C	0.09%
IDA	A	0.09%
CMI	B	0.09%
VSTS	D	0.09%
J	B	0.09%
PB	A	0.09%
ACA	B	0.09%
MDLZ	F	0.08%
REYN	D	0.08%
BKE	A	0.08%
MCRI	A	0.08%
WGO	B	0.08%
WPC	F	0.08%
AWK	D	0.08%
EXPD	F	0.08%
CPB	F	0.08%
VSAT	F	0.08%
WY	F	0.08%
FTV	D	0.08%
LMT	D	0.08%
ALG	B	0.08%
WSFS	A	0.08%
MAS	D	0.08%
IPG	F	0.08%
SKX	F	0.08%
VRTS	B	0.08%
PEP	F	0.08%
LAUR	B	0.08%
DD	D	0.08%
TNET	D	0.08%
HOLX	D	0.08%
MAA	C	0.08%
MMS	C	0.08%
UPS	D	0.08%
HD	B	0.08%
LOW	B	0.08%
SFNC	B	0.08%
SBUX	B	0.08%
KLG	D	0.08%
IPGP	C	0.08%
DIOD	F	0.08%
NDSN	B	0.08%
CTVA	C	0.08%
CLX	B	0.08%
DFH	F	0.07%
LGIH	F	0.07%
SPB	A	0.07%
SJW	D	0.07%
SSTK	D	0.07%
UNF	B	0.07%
NKE	F	0.07%
PEB	D	0.07%
MRTN	B	0.07%
XHR	B	0.07%
PBH	A	0.06%
ENOV	C	0.06%
FHI	A	0.06%
CSGS	B	0.06%
KAR	A	0.06%
FHB	B	0.06%
CRI	F	0.06%
HMN	B	0.06%
SHEN	F	0.05%
BJ	B	0.05%
DK	D	0.05%
PFGC	B	0.05%
YETI	C	0.05%
DFIN	D	0.05%
LCII	D	0.05%
SEM	B	0.05%
THRM	D	0.05%
SYNA	D	0.05%
RHI	B	0.05%
PSMT	D	0.05%
ROG	D	0.05%
DEA	D	0.05%
ARI	D	0.05%
UMBF	B	0.05%
GXO	B	0.05%
KWR	C	0.05%
EPAM	C	0.05%
CXT	D	0.05%
HTH	B	0.05%
ALEX	B	0.05%
SCL	C	0.05%
LNN	B	0.05%
ROCK	B	0.05%
MTX	B	0.05%
IOSP	B	0.05%
FLR	C	0.05%
ABM	B	0.05%
FBNC	B	0.05%
CAR	C	0.05%
SBCF	B	0.05%
GOGO	C	0.05%
UPWK	B	0.04%
FBIN	F	0.04%
NSP	F	0.04%
HSIC	F	0.04%
STWD	D	0.04%
MGM	F	0.04%
WD	C	0.04%
LFUS	D	0.04%
SEE	C	0.04%
AVNS	D	0.04%
NJR	B	0.04%
RYN	F	0.04%
CZR	D	0.04%
SKY	C	0.04%
FUL	F	0.04%
TTC	D	0.04%
AFG	B	0.04%
LSTR	B	0.04%
WTS	B	0.04%
IAC	F	0.04%
AVNT	B	0.04%
VOYA	A	0.04%
MUSA	B	0.04%
FELE	B	0.04%
EVTC	B	0.03%
CNMD	C	0.03%
SAFT	B	0.03%
MSEX	B	0.03%
MTRN	B	0.03%
HAYW	C	0.03%
PGRE	B	0.03%
CVCO	B	0.03%
SAM	B	0.03%
NVEE	C	0.03%
IVT	B	0.03%
DEI	C	0.03%
ROIC	A	0.03%
HLIO	B	0.03%
FBK	B	0.03%
TCBI	A	0.03%
CBU	B	0.03%
MGPI	F	0.03%
MCW	B	0.03%
OPCH	F	0.03%
MYRG	B	0.03%
GIC	D	0.02%
OXM	D	0.02%
CWEN	D	0.02%
AIN	D	0.02%
RC	D	0.02%
SHOO	D	0.02%
CMTG	D	0.02%
LXP	D	0.02%
AIR	C	0.02%
CNXN	C	0.02%
XPEL	C	0.02%
JBGS	F	0.02%
PLUS	D	0.02%
MSGE	F	0.02%
KFRC	C	0.02%

FAB Underweight 266 Positions Relative to VFVA

Symbol	Grade	Weight
MO	A	-1.0%
HCA	D	-0.76%
TFC	A	-0.73%
MU	C	-0.59%
JPM	B	-0.54%
FI	A	-0.53%
MET	C	-0.52%
BK	B	-0.5%
BMY	B	-0.46%
GILD	B	-0.44%
GS	B	-0.44%
FCX	F	-0.43%
RPRX	F	-0.41%
NEM	F	-0.4%
PFE	F	-0.36%
WMB	A	-0.35%
MCK	B	-0.35%
FOX	A	-0.33%
GTES	B	-0.3%
TMUS	A	-0.3%
BDX	D	-0.29%
MHK	D	-0.28%
CAH	B	-0.26%
AZO	C	-0.26%
INSW	F	-0.24%
CCL	A	-0.23%
FIS	C	-0.22%
LEG	F	-0.22%
TNL	A	-0.21%
ONB	A	-0.21%
SNV	B	-0.2%
DBX	B	-0.2%
ZI	C	-0.2%
ACGL	D	-0.2%
TROX	F	-0.2%
SIRI	C	-0.2%
PUMP	D	-0.19%
PCRX	D	-0.19%
STNG	F	-0.19%
TNK	F	-0.18%
HAIN	F	-0.18%
IBM	D	-0.18%
AHCO	C	-0.18%
CCSI	B	-0.18%
PR	B	-0.17%
ALL	A	-0.17%
ATSG	A	-0.17%
MD	B	-0.17%
DTM	A	-0.17%
GTN	D	-0.17%
RNG	C	-0.17%
SLVM	C	-0.16%
AXL	C	-0.16%
ASIX	B	-0.16%
GNK	D	-0.16%
COMM	C	-0.16%
OCFC	B	-0.16%
KOP	D	-0.16%
ALSN	B	-0.16%
BXC	B	-0.16%
CNH	D	-0.16%
DIN	C	-0.15%
GLNG	C	-0.15%
MBUU	C	-0.15%
WWW	B	-0.15%
NUS	D	-0.15%
UTHR	B	-0.15%
ST	F	-0.15%
MCB	A	-0.15%
TWI	D	-0.15%
SPTN	F	-0.15%
CEIX	B	-0.14%
ELAN	D	-0.14%
SF	A	-0.14%
IRWD	D	-0.14%
TPC	B	-0.14%
RTX	C	-0.14%
SNCY	B	-0.14%
RMAX	C	-0.14%
PLTK	B	-0.14%
EMR	A	-0.14%
ASC	F	-0.14%
BRY	F	-0.14%
DLX	B	-0.14%
TDOC	C	-0.13%
LPG	F	-0.13%
BGS	F	-0.13%
BELFB	B	-0.13%
JELD	F	-0.13%
HRB	D	-0.13%
PM	C	-0.13%
GOGL	D	-0.13%
NWL	B	-0.13%
UNFI	B	-0.12%
GDOT	C	-0.12%
NAT	F	-0.12%
QRVO	F	-0.12%
RRX	C	-0.12%
HLX	D	-0.12%
MAN	F	-0.12%
DCOM	B	-0.12%
RPAY	C	-0.12%
CMRE	D	-0.12%
DOLE	B	-0.12%
JLL	C	-0.12%
RYI	C	-0.12%
DHT	F	-0.12%
FCNCA	B	-0.12%
BANC	B	-0.12%
APPS	F	-0.12%
SXC	B	-0.12%
STNE	D	-0.11%
SKYW	B	-0.11%
CLW	F	-0.11%
EYE	D	-0.11%
MTCH	F	-0.11%
MATV	F	-0.11%
MTUS	C	-0.11%
OMCL	C	-0.11%
ATGE	B	-0.11%
JRVR	F	-0.11%
GAP	C	-0.1%
SCHW	A	-0.1%
TK	D	-0.1%
GPN	B	-0.1%
CSTM	F	-0.1%
SAIC	B	-0.1%
LULU	C	-0.1%
SD	D	-0.1%
EGBN	B	-0.1%
DLTR	F	-0.1%
EGY	F	-0.1%
CHGG	D	-0.1%
FL	D	-0.09%
SMP	B	-0.09%
GCO	B	-0.09%
SATS	C	-0.09%
UVE	B	-0.09%
VTOL	B	-0.09%
BZH	D	-0.09%
NVST	C	-0.09%
HBI	B	-0.09%
SCHL	D	-0.09%
HVT	F	-0.09%
NTB	B	-0.09%
HEES	B	-0.08%
SFL	F	-0.08%
RYAM	B	-0.08%
BOOM	F	-0.08%
CWK	B	-0.08%
PLAY	C	-0.08%
NTCT	B	-0.08%
ACCO	B	-0.08%
EAT	A	-0.08%
SB	D	-0.08%
EWBC	A	-0.08%
PBI	B	-0.07%
WYNN	F	-0.07%
PAGS	F	-0.07%
MTW	C	-0.07%
TRST	B	-0.07%
DXPE	B	-0.07%
AX	B	-0.07%
CCRN	F	-0.07%
MMM	D	-0.07%
HAFC	B	-0.07%
VREX	C	-0.07%
EQH	B	-0.07%
CNA	D	-0.07%
ZEUS	C	-0.07%
HI	C	-0.07%
QCOM	F	-0.07%
REVG	B	-0.07%
EMBC	B	-0.07%
NMIH	D	-0.07%
BBW	C	-0.07%
COHR	B	-0.07%
JHG	B	-0.07%
LBRDA	B	-0.06%
ALGT	B	-0.06%
LXU	B	-0.06%
GOOG	B	-0.06%
PENN	B	-0.06%
CROX	F	-0.06%
FWRD	D	-0.06%
UIS	B	-0.06%
XRAY	F	-0.06%
DENN	D	-0.06%
GPK	D	-0.06%
OIS	C	-0.06%
BUR	D	-0.06%
SSP	F	-0.06%
KELYA	F	-0.06%
REPX	B	-0.06%
ENVA	A	-0.05%
PRLB	B	-0.05%
BW	B	-0.05%
GATX	B	-0.05%
HFWA	B	-0.05%
REX	C	-0.05%
LILA	F	-0.05%
WBD	C	-0.05%
RGP	D	-0.05%
CNOB	B	-0.05%
TTEC	F	-0.05%
PFSI	D	-0.05%
MATW	C	-0.05%
TWLO	B	-0.05%
APO	B	-0.05%
HZO	D	-0.04%
GLDD	B	-0.04%
VRNT	D	-0.04%
WTTR	B	-0.04%
HNRG	C	-0.04%
WNC	C	-0.04%
MKL	A	-0.04%
AMPY	C	-0.04%
XPOF	B	-0.04%
NCLH	A	-0.04%
ETWO	D	-0.04%
FFWM	C	-0.04%
PPC	B	-0.04%
DESP	C	-0.04%
THG	A	-0.04%
MOV	C	-0.04%
UA	B	-0.04%
RDUS	C	-0.04%
CFFN	B	-0.04%
ANET	C	-0.03%
IGT	D	-0.03%
ACT	D	-0.03%
NBHC	B	-0.03%
ESI	B	-0.03%
MBIN	D	-0.03%
CG	B	-0.03%
CNDT	B	-0.03%
SWI	B	-0.03%
JILL	C	-0.03%
FF	D	-0.03%
QCRH	A	-0.03%
HRTG	D	-0.03%
AMBC	C	-0.03%
AMAL	B	-0.03%
INMD	C	-0.03%
USAP	B	-0.03%
ZIMV	F	-0.03%
DRVN	A	-0.03%
IIIN	D	-0.03%
TBRG	B	-0.02%
NR	C	-0.02%
CMPR	D	-0.02%
NFBK	B	-0.02%
KODK	B	-0.02%
TITN	D	-0.02%
HDSN	F	-0.02%
BAND	C	-0.02%
TTI	C	-0.02%
VYX	B	-0.02%
AMRX	B	-0.02%
HOMB	A	-0.02%
BRKL	A	-0.02%
FSLR	F	-0.02%
WRLD	C	-0.02%
MEI	F	-0.02%
PRA	B	-0.02%
OBK	B	-0.02%