FAB vs. VONV ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Vanguard Russell 1000 Value ETF (VONV)

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

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. 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

$83.04

Average Daily Volume

318,011

Number of Holdings ^*

839

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VONV
30 Days	4.01%	3.44%
60 Days	2.84%	5.25%
90 Days	8.64%	8.24%
12 Months	21.57%	23.07%

351 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in VONV	Overlap
AAP	F	0.03%	0.01%	0.01%
ABT	C	0.1%	0.79%	0.1%
ACGL	C	0.48%	0.16%	0.16%
ADM	D	0.43%	0.12%	0.12%
ADTN	D	0.16%	0.01%	0.01%
AEE	C	0.41%	0.09%	0.09%
AEP	C	0.41%	0.21%	0.21%
AFG	B	0.05%	0.04%	0.04%
AFL	C	0.31%	0.25%	0.25%
AGCO	D	0.2%	0.02%	0.02%
AGNC	B	0.14%	0.03%	0.03%
AGO	C	0.22%	0.02%	0.02%
AIG	D	0.35%	0.21%	0.21%
AIZ	B	0.1%	0.04%	0.04%
AL	D	0.19%	0.02%	0.02%
ALK	C	0.13%	0.02%	0.02%
ALLY	F	0.14%	0.04%	0.04%
AMG	C	0.23%	0.02%	0.02%
AMKR	F	0.06%	0.01%	0.01%
AN	D	0.17%	0.02%	0.02%
APA	F	0.14%	0.04%	0.04%
APD	B	0.19%	0.25%	0.19%
APTV	D	0.42%	0.08%	0.08%
AR	F	0.04%	0.03%	0.03%
ARE	C	0.18%	0.08%	0.08%
ARW	C	0.18%	0.03%	0.03%
ASH	D	0.12%	0.02%	0.02%
ATO	B	0.41%	0.08%	0.08%
AVT	C	0.17%	0.02%	0.02%
AWK	B	0.1%	0.11%	0.1%
AXS	B	0.14%	0.02%	0.02%
AYI	B	0.09%	0.03%	0.03%
BAC	D	0.25%	1.11%	0.25%
BBWI	F	0.09%	0.03%	0.03%
BBY	C	0.3%	0.09%	0.09%
BC	C	0.14%	0.02%	0.02%
BEN	F	0.31%	0.02%	0.02%
BERY	B	0.14%	0.03%	0.03%
BG	D	0.4%	0.06%	0.06%
BHF	F	0.04%	0.01%	0.01%
BIIB	F	0.07%	0.12%	0.07%
BJ	D	0.04%	0.04%	0.04%
BKR	C	0.24%	0.14%	0.14%
BLK	B	0.1%	0.53%	0.1%
BOKF	B	0.1%	0.01%	0.01%
BPOP	C	0.05%	0.03%	0.03%
BRK.A	C	0.49%	3.5%	0.49%
BWA	D	0.17%	0.03%	0.03%
BYD	C	0.19%	0.02%	0.02%
C	C	0.23%	0.48%	0.23%
CACC	F	0.04%	0.0%	0.0%
CACC	F	0.04%	0.01%	0.01%
CACI	B	0.05%	0.04%	0.04%
CAG	C	0.39%	0.06%	0.06%
CAR	F	0.06%	0.0%	0.0%
CB	B	0.4%	0.46%	0.4%
CBRE	A	0.11%	0.14%	0.11%
CCK	A	0.05%	0.04%	0.04%
CE	F	0.39%	0.04%	0.04%
CF	C	0.46%	0.06%	0.06%
CFG	C	0.39%	0.08%	0.08%
CHK	D	0.19%	0.04%	0.04%
CHRD	F	0.14%	0.04%	0.04%
CHTR	D	0.29%	0.13%	0.13%
CI	C	0.09%	0.37%	0.09%
CINF	B	0.5%	0.08%	0.08%
CLF	F	0.16%	0.02%	0.02%
CMA	B	0.1%	0.03%	0.03%
CMCSA	D	0.44%	0.62%	0.44%
CMI	C	0.09%	0.17%	0.09%
CMS	C	0.3%	0.08%	0.08%
CNC	D	0.4%	0.17%	0.17%
CNP	C	0.23%	0.07%	0.07%
CNXC	F	0.23%	0.01%	0.01%
COF	B	0.35%	0.22%	0.22%
COLB	B	0.2%	0.02%	0.02%
COLM	C	0.09%	0.01%	0.01%
COP	D	0.39%	0.54%	0.39%
CPB	C	0.19%	0.04%	0.04%
CRBG	D	0.24%	0.03%	0.03%
CRI	D	0.11%	0.01%	0.01%
CROX	D	0.08%	0.03%	0.03%
CRUS	D	0.05%	0.03%	0.03%
CSCO	C	0.18%	0.82%	0.18%
CTRA	D	0.37%	0.07%	0.07%
CTSH	C	0.39%	0.16%	0.16%
CTVA	B	0.09%	0.16%	0.09%
CUZ	B	0.16%	0.02%	0.02%
CVS	D	0.43%	0.29%	0.29%
CVX	D	0.39%	1.02%	0.39%
CWEN	C	0.03%	0.0%	0.0%
CWEN	C	0.03%	0.01%	0.01%
CZR	C	0.12%	0.03%	0.03%
D	C	0.3%	0.19%	0.19%
DAR	F	0.2%	0.03%	0.03%
DD	B	0.09%	0.14%	0.09%
DDS	F	0.1%	0.0%	0.0%
DE	B	0.27%	0.39%	0.27%
DG	F	0.05%	0.07%	0.05%
DGX	B	0.29%	0.07%	0.07%
DHI	B	0.59%	0.22%	0.22%
DINO	F	0.18%	0.03%	0.03%
DKS	D	0.08%	0.05%	0.05%
DNB	C	0.11%	0.01%	0.01%
DOV	B	0.18%	0.1%	0.1%
DOW	D	0.17%	0.15%	0.15%
DTE	C	0.29%	0.1%	0.1%
DTM	B	0.09%	0.03%	0.03%
DUK	C	0.3%	0.35%	0.3%
DVN	F	0.37%	0.11%	0.11%
DXC	C	0.19%	0.02%	0.02%
EBAY	B	0.41%	0.12%	0.12%
ED	C	0.41%	0.14%	0.14%
EG	C	0.44%	0.06%	0.06%
EHC	C	0.05%	0.04%	0.04%
EIX	C	0.3%	0.13%	0.13%
ELV	C	0.09%	0.44%	0.09%
EMN	B	0.13%	0.05%	0.05%
ENOV	D	0.02%	0.01%	0.01%
EOG	D	0.41%	0.3%	0.3%
EPAM	F	0.19%	0.04%	0.04%
EQR	B	0.29%	0.11%	0.11%
EQT	D	0.39%	0.07%	0.07%
ETR	B	0.51%	0.1%	0.1%
EVRG	B	0.2%	0.05%	0.05%
EWBC	D	0.14%	0.05%	0.05%
EXC	C	0.51%	0.15%	0.15%
EXPD	C	0.08%	0.06%	0.06%
F	F	0.37%	0.18%	0.18%
FAF	B	0.1%	0.03%	0.03%
FANG	D	0.37%	0.14%	0.14%
FDX	C	0.24%	0.27%	0.24%
FE	C	0.29%	0.1%	0.1%
FHB	D	0.08%	0.01%	0.01%
FHN	D	0.13%	0.04%	0.04%
FITB	B	0.29%	0.12%	0.12%
FMC	C	0.23%	0.03%	0.03%
FNB	C	0.13%	0.02%	0.02%
FNF	B	0.21%	0.06%	0.06%
FOXA	B	0.5%	0.04%	0.04%
FYBR	C	0.24%	0.03%	0.03%
G	C	0.21%	0.03%	0.03%
GAP	F	0.11%	0.02%	0.02%
GD	B	0.09%	0.33%	0.09%
GIS	B	0.3%	0.16%	0.16%
GL	C	0.16%	0.04%	0.04%
GM	C	0.44%	0.23%	0.23%
GO	F	0.02%	0.01%	0.01%
GPC	D	0.17%	0.08%	0.08%
GPN	D	0.5%	0.11%	0.11%
GS	C	0.18%	0.47%	0.18%
GXO	D	0.04%	0.02%	0.02%
HAL	F	0.29%	0.11%	0.11%
HBAN	B	0.38%	0.09%	0.09%
HCA	B	0.21%	0.23%	0.21%
HIG	B	0.4%	0.14%	0.14%
HII	D	0.14%	0.04%	0.04%
HIW	B	0.12%	0.01%	0.01%
HLI	B	0.05%	0.03%	0.03%
HOG	C	0.23%	0.02%	0.02%
HPE	D	0.35%	0.1%	0.1%
HPQ	D	0.17%	0.11%	0.11%
HRL	C	0.18%	0.04%	0.04%
HSIC	C	0.05%	0.04%	0.04%
HSY	C	0.19%	0.1%	0.1%
HUM	F	0.07%	0.17%	0.07%
IAC	C	0.09%	0.02%	0.02%
IDA	C	0.1%	0.02%	0.02%
INCY	C	0.27%	0.05%	0.05%
INTC	F	0.16%	0.38%	0.16%
IP	B	0.05%	0.07%	0.05%
IPG	C	0.37%	0.05%	0.05%
IPGP	F	0.1%	0.01%	0.01%
IVZ	B	0.05%	0.03%	0.03%
J	C	0.09%	0.08%	0.08%
JAZZ	D	0.13%	0.03%	0.03%
JBHT	D	0.27%	0.06%	0.06%
JBL	D	0.24%	0.05%	0.05%
JCI	B	0.09%	0.17%	0.09%
JEF	B	0.05%	0.03%	0.03%
JLL	B	0.05%	0.03%	0.03%
JNJ	C	0.2%	1.61%	0.2%
K	B	0.12%	0.08%	0.08%
KDP	B	0.19%	0.16%	0.16%
KEX	C	0.04%	0.03%	0.03%
KEY	B	0.2%	0.06%	0.06%
KHC	C	0.38%	0.13%	0.13%
KIM	C	0.21%	0.06%	0.06%
KMB	D	0.09%	0.11%	0.09%
KMI	B	0.37%	0.17%	0.17%
KNX	C	0.14%	0.03%	0.03%
KR	C	0.28%	0.14%	0.14%
KRC	B	0.2%	0.02%	0.02%
KSS	F	0.11%	0.01%	0.01%
KVUE	C	0.11%	0.17%	0.11%
L	C	0.37%	0.06%	0.06%
LAD	D	0.23%	0.03%	0.03%
LBRDK	F	0.24%	0.02%	0.02%
LEA	F	0.16%	0.03%	0.03%
LEN	B	0.53%	0.01%	0.01%
LEN	B	0.53%	0.18%	0.18%
LFUS	C	0.04%	0.03%	0.03%
LHX	C	0.09%	0.18%	0.09%
LKQ	F	0.33%	0.04%	0.04%
LMT	C	0.21%	0.33%	0.21%
LNC	D	0.16%	0.02%	0.02%
LNG	C	0.36%	0.08%	0.08%
LNT	B	0.1%	0.06%	0.06%
LOW	B	0.2%	0.57%	0.2%
LPX	B	0.1%	0.01%	0.01%
LSTR	D	0.04%	0.03%	0.03%
LUV	C	0.26%	0.07%	0.07%
LYB	D	0.34%	0.1%	0.1%
M	F	0.1%	0.02%	0.02%
MAA	B	0.1%	0.08%	0.08%
MAT	C	0.05%	0.03%	0.03%
MDLZ	B	0.1%	0.39%	0.1%
MDT	C	0.2%	0.47%	0.2%
MDU	C	0.18%	0.02%	0.02%
MIDD	D	0.09%	0.03%	0.03%
MKC	C	0.1%	0.08%	0.08%
MKL	C	0.43%	0.06%	0.06%
MOH	D	0.21%	0.03%	0.03%
MOS	F	0.19%	0.04%	0.04%
MPC	F	0.41%	0.25%	0.25%
MS	D	0.17%	0.45%	0.17%
MTB	B	0.38%	0.11%	0.11%
MTDR	F	0.18%	0.02%	0.02%
MTG	B	0.25%	0.03%	0.03%
NEE	C	0.21%	0.66%	0.21%
NFG	B	0.19%	0.02%	0.02%
NI	B	0.15%	0.06%	0.06%
NKE	D	0.09%	0.15%	0.09%
NOV	F	0.18%	0.03%	0.03%
NRG	C	0.13%	0.04%	0.04%
NUE	F	0.39%	0.15%	0.15%
NVST	D	0.05%	0.01%	0.01%
NXST	D	0.13%	0.01%	0.01%
OC	D	0.33%	0.06%	0.06%
OGE	C	0.15%	0.03%	0.03%
OGN	D	0.17%	0.02%	0.02%
OKE	B	0.19%	0.22%	0.19%
OLN	D	0.12%	0.02%	0.02%
OMC	B	0.19%	0.08%	0.08%
OMF	D	0.12%	0.02%	0.02%
ORI	B	0.1%	0.04%	0.04%
OSK	F	0.16%	0.03%	0.03%
OVV	F	0.18%	0.05%	0.05%
OXY	F	0.35%	0.15%	0.15%
OZK	D	0.17%	0.02%	0.02%
PAG	D	0.13%	0.01%	0.01%
PARA	F	0.04%	0.03%	0.03%
PB	B	0.1%	0.03%	0.03%
PCG	C	0.4%	0.17%	0.17%
PEG	B	0.2%	0.16%	0.16%
PFG	B	0.09%	0.08%	0.08%
PII	D	0.13%	0.02%	0.02%
PKG	B	0.2%	0.07%	0.07%
PNC	B	0.2%	0.29%	0.2%
PNFP	B	0.15%	0.03%	0.03%
PNW	C	0.2%	0.04%	0.04%
PPG	D	0.17%	0.12%	0.12%
PRGO	D	0.09%	0.02%	0.02%
PRU	C	0.08%	0.17%	0.08%
PSX	F	0.39%	0.24%	0.24%
PVH	F	0.19%	0.02%	0.02%
PYPL	B	0.21%	0.3%	0.21%
QCOM	D	0.07%	0.05%	0.05%
R	A	0.19%	0.03%	0.03%
REGN	C	0.09%	0.46%	0.09%
REYN	C	0.1%	0.01%	0.01%
RF	B	0.28%	0.09%	0.09%
RGA	C	0.04%	0.06%	0.04%
RHI	D	0.04%	0.03%	0.03%
RJF	C	0.08%	0.09%	0.08%
RNR	C	0.25%	0.05%	0.05%
RRC	D	0.11%	0.03%	0.03%
RS	D	0.34%	0.07%	0.07%
RYN	C	0.09%	0.02%	0.02%
SAIC	C	0.1%	0.03%	0.03%
SEB	D	0.21%	0.0%	0.0%
SEE	D	0.04%	0.02%	0.02%
SEIC	C	0.09%	0.03%	0.03%
SJM	C	0.38%	0.05%	0.05%
SKX	D	0.08%	0.03%	0.03%
SLGN	B	0.1%	0.02%	0.02%
SLM	D	0.09%	0.02%	0.02%
SNA	C	0.37%	0.06%	0.06%
SNDR	B	0.11%	0.01%	0.01%
SNV	C	0.05%	0.03%	0.03%
SNX	D	0.08%	0.04%	0.04%
SON	C	0.14%	0.02%	0.02%
SPB	C	0.13%	0.01%	0.01%
SRE	C	0.28%	0.21%	0.21%
SSNC	B	0.21%	0.06%	0.06%
STLD	F	0.37%	0.07%	0.07%
STT	A	0.29%	0.11%	0.11%
SWKS	D	0.24%	0.07%	0.07%
SYF	C	0.43%	0.08%	0.08%
SYY	D	0.09%	0.06%	0.06%
T	C	0.5%	0.57%	0.5%
TAP	D	0.23%	0.04%	0.04%
TDY	B	0.28%	0.08%	0.08%
TFX	C	0.05%	0.05%	0.05%
TGT	C	0.18%	0.29%	0.18%
THC	A	0.21%	0.06%	0.06%
THO	D	0.14%	0.02%	0.02%
TKR	D	0.13%	0.02%	0.02%
TROW	D	0.32%	0.09%	0.09%
TRV	C	0.2%	0.21%	0.2%
TSN	C	0.09%	0.07%	0.07%
TXT	D	0.26%	0.07%	0.07%
UAA	C	0.14%	0.01%	0.01%
UAL	C	0.45%	0.06%	0.06%
UGI	C	0.09%	0.02%	0.02%
UHAL	A	0.39%	0.0%	0.0%
UHAL	A	0.39%	0.02%	0.02%
UHS	B	0.22%	0.06%	0.06%
UNM	B	0.18%	0.04%	0.04%
UPS	D	0.16%	0.38%	0.16%
USB	B	0.28%	0.3%	0.28%
USFD	B	0.05%	0.05%	0.05%
UTHR	C	0.14%	0.06%	0.06%
VAC	F	0.06%	0.01%	0.01%
VLO	F	0.38%	0.19%	0.19%
VNO	B	0.06%	0.02%	0.02%
VOYA	B	0.05%	0.03%	0.03%
VTR	C	0.11%	0.1%	0.1%
VTRS	D	0.39%	0.06%	0.06%
VZ	B	0.37%	0.71%	0.37%
WAL	B	0.16%	0.04%	0.04%
WBD	D	0.36%	0.08%	0.08%
WBS	D	0.17%	0.03%	0.03%
WCC	D	0.13%	0.03%	0.03%
WEC	C	0.31%	0.12%	0.12%
WFC	D	0.3%	0.82%	0.3%
WHR	D	0.08%	0.02%	0.02%
WLK	D	0.08%	0.02%	0.02%
WMT	C	0.1%	1.35%	0.1%
WPC	C	0.29%	0.05%	0.05%
WRB	C	0.19%	0.07%	0.07%
WTFC	B	0.14%	0.03%	0.03%
WTM	D	0.2%	0.02%	0.02%
WTRG	D	0.09%	0.04%	0.04%
WU	F	0.13%	0.01%	0.01%
WY	C	0.19%	0.09%	0.09%
XEL	B	0.42%	0.14%	0.14%
XOM	C	0.34%	2.12%	0.34%
ZBH	F	0.25%	0.09%	0.09%
ZION	D	0.09%	0.03%	0.03%
ZM	C	0.29%	0.07%	0.07%

FAB Overweight 313 Positions Relative to VONV

Symbol	Grade	Weight
MHO	B	0.28%
MTH	A	0.26%
TEL	D	0.25%
GPI	B	0.25%
RUSHA	C	0.25%
KBH	A	0.25%
TMHC	A	0.25%
RDN	C	0.24%
ESNT	B	0.24%
JXN	A	0.24%
ESGR	D	0.23%
ASO	C	0.23%
BTU	D	0.21%
SIG	C	0.21%
LBRT	D	0.2%
NOG	D	0.2%
TPH	C	0.2%
TEX	F	0.2%
VLY	C	0.2%
CADE	C	0.19%
BKH	B	0.19%
POR	C	0.19%
COOP	C	0.19%
BCC	B	0.19%
OGS	B	0.19%
SM	F	0.19%
MUR	F	0.18%
GMS	D	0.18%
HP	F	0.18%
PTEN	F	0.17%
MATX	B	0.17%
CVI	F	0.17%
MLI	A	0.16%
CMC	D	0.16%
MGY	C	0.16%
ABG	D	0.16%
PRG	B	0.16%
NMIH	B	0.15%
PBF	F	0.15%
URBN	F	0.15%
INVA	B	0.15%
CCS	B	0.15%
HE	F	0.15%
AVA	C	0.14%
NWN	C	0.14%
UFPI	C	0.14%
ONB	C	0.14%
NWE	B	0.14%
EIG	C	0.14%
CNX	B	0.14%
EBC	B	0.14%
PHIN	B	0.14%
BNL	B	0.14%
BZH	B	0.14%
AEO	F	0.13%
HPP	D	0.13%
VAL	F	0.13%
GDEN	D	0.13%
SANM	D	0.13%
GEF	D	0.13%
IMKTA	D	0.13%
UVV	D	0.13%
GHC	B	0.13%
SR	B	0.13%
ATSG	D	0.13%
WMK	C	0.13%
LZB	C	0.13%
RYI	D	0.12%
SBH	B	0.12%
INDB	C	0.12%
RC	F	0.12%
RLJ	D	0.12%
AAT	B	0.12%
CNO	B	0.12%
FCF	C	0.12%
BKU	C	0.12%
LGIH	C	0.12%
NX	F	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%
TGNA	D	0.12%
OLPX	C	0.11%
UMBF	B	0.11%
NAVI	C	0.11%
FRME	D	0.11%
DNOW	D	0.11%
REVG	D	0.11%
OCFC	B	0.11%
CATY	C	0.11%
ATKR	F	0.11%
SCHL	D	0.11%
FFBC	D	0.11%
CALM	A	0.11%
GES	F	0.11%
CABO	F	0.11%
JBT	D	0.11%
HOMB	B	0.1%
POOL	C	0.1%
HTZ	F	0.1%
UBSI	B	0.1%
TRGP	B	0.1%
LILAK	D	0.1%
ABR	B	0.1%
ABM	D	0.1%
CENTA	F	0.1%
PEBO	C	0.1%
SAH	D	0.1%
ADNT	F	0.1%
USM	C	0.1%
VSH	F	0.1%
WGO	D	0.1%
PRDO	D	0.1%
WERN	D	0.1%
ABCB	B	0.1%
ARCH	F	0.1%
HUBG	C	0.1%
PFBC	D	0.1%
ALGT	F	0.1%
IBOC	D	0.1%
SSB	B	0.1%
AMN	F	0.09%
SFNC	B	0.09%
SWX	C	0.09%
MSGE	B	0.09%
PDCO	F	0.09%
HWC	D	0.09%
ASGN	D	0.09%
GT	F	0.09%
TSCO	C	0.09%
TOWN	B	0.09%
PATK	B	0.09%
LGND	C	0.09%
TALO	D	0.09%
EPC	F	0.09%
PARR	F	0.09%
CRC	C	0.09%
VSCO	C	0.09%
MATW	F	0.09%
ANDE	D	0.09%
CRK	D	0.09%
REZI	D	0.09%
NJR	B	0.09%
SASR	B	0.09%
FBNC	B	0.09%
JELD	D	0.08%
NBHC	D	0.08%
FHI	A	0.08%
RNST	D	0.08%
EQC	C	0.08%
HGV	F	0.08%
DAN	F	0.08%
BXC	D	0.08%
FIBK	B	0.08%
BECN	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%
AX	D	0.08%
WSFS	D	0.08%
UNF	C	0.08%
SLVM	B	0.08%
MCRI	C	0.08%
CTOS	F	0.08%
ENS	D	0.08%
HOPE	B	0.08%
PNM	B	0.08%
BANR	B	0.08%
NWBI	C	0.08%
BKE	B	0.08%
ADV	C	0.08%
SSTK	F	0.08%
VBTX	B	0.08%
OFG	C	0.08%
CASH	B	0.08%
RIG	F	0.07%
MRTN	D	0.07%
ARCB	D	0.07%
KOS	F	0.07%
HTLD	D	0.07%
ECVT	F	0.07%
KN	D	0.07%
NMRK	A	0.07%
MLKN	D	0.07%
ODP	F	0.07%
CHGG	F	0.07%
ICUI	B	0.07%
APOG	B	0.07%
CNXN	B	0.06%
SBCF	C	0.06%
TCBI	B	0.06%
UCBI	B	0.06%
CSGS	C	0.06%
DFIN	B	0.06%
AUB	D	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%
SKY	B	0.06%
GTY	B	0.06%
PLUS	A	0.06%
HELE	D	0.06%
WAFD	C	0.06%
DORM	B	0.06%
DEI	B	0.06%
DIOD	F	0.06%
MODG	F	0.06%
ROIC	B	0.06%
ZD	D	0.06%
CBRL	D	0.06%
CMCO	F	0.06%
VRTS	F	0.06%
GEO	F	0.06%
SHEN	F	0.05%
AVNT	B	0.05%
XHR	B	0.05%
BXMT	C	0.05%
LNN	D	0.05%
EAT	A	0.05%
PTVE	D	0.05%
TRS	D	0.05%
PCH	C	0.05%
CVBF	D	0.05%
HTH	C	0.05%
FULT	D	0.05%
HLF	F	0.05%
SNEX	B	0.05%
TRMK	C	0.05%
TCBK	D	0.05%
PBH	B	0.05%
BUSE	C	0.05%
PSMT	B	0.05%
BDC	B	0.05%
VCTR	B	0.05%
SRCE	C	0.05%
PRIM	B	0.05%
SAFT	D	0.05%
MCY	D	0.05%
LCII	C	0.05%
OEC	F	0.05%
DEA	B	0.05%
CWT	C	0.05%
FOXF	D	0.04%
KALU	F	0.04%
LANC	D	0.04%
KWR	D	0.04%
BLMN	F	0.04%
SIGI	D	0.04%
STRA	F	0.04%
SEM	D	0.04%
NEOG	D	0.04%
MTX	D	0.04%
MMS	C	0.04%
SUM	D	0.04%
PCRX	F	0.04%
FUL	C	0.04%
KFY	B	0.03%
HMN	D	0.03%
SHOO	B	0.03%
WD	A	0.03%
PGRE	C	0.03%
GNW	B	0.03%
FBP	C	0.03%
LXP	B	0.03%
NNI	B	0.03%
MWA	B	0.03%
ADUS	B	0.03%
HNI	C	0.03%
BHLB	B	0.03%
THS	C	0.03%
NBTB	D	0.03%
STC	B	0.03%
FBK	B	0.03%
JBGS	C	0.03%
BOOT	A	0.03%
VSAT	F	0.03%
BMBL	F	0.03%
CBU	C	0.03%
PLXS	A	0.03%
CVCO	A	0.03%
PFS	B	0.03%
FDP	C	0.03%
LTH	B	0.03%
HI	F	0.02%
DK	F	0.02%
ROG	F	0.02%
OXM	F	0.02%
SCL	D	0.02%
XRX	D	0.02%
CTS	D	0.02%
CAKE	C	0.02%
THRM	D	0.02%
WOR	D	0.02%
OII	D	0.02%
ASB	D	0.02%
NVEE	F	0.02%
CMTG	D	0.02%
APAM	C	0.02%
KFRC	D	0.02%
AIN	D	0.02%
ATUS	C	0.02%
PPBI	D	0.02%
IART	F	0.01%

FAB Underweight 488 Positions Relative to VONV

Symbol	Grade	Weight
JPM	D	-2.59%
UNH	C	-2.03%
PG	C	-1.26%
TMO	B	-0.94%
LIN	B	-0.92%
ACN	C	-0.86%
ABBV	C	-0.79%
MCD	B	-0.78%
PM	C	-0.77%
IBM	B	-0.74%
DHR	B	-0.72%
TXN	C	-0.69%
DIS	D	-0.67%
RTX	C	-0.66%
PFE	C	-0.66%
SPGI	B	-0.64%
GE	B	-0.6%
CAT	B	-0.6%
ETN	C	-0.49%
BSX	B	-0.48%
KO	C	-0.48%
ADI	C	-0.47%
PLD	C	-0.47%
HON	D	-0.46%
MU	F	-0.43%
BMY	C	-0.41%
GILD	B	-0.4%
TMUS	C	-0.39%
MMC	C	-0.39%
SO	B	-0.38%
SYK	C	-0.37%
AXP	B	-0.37%
ICE	C	-0.37%
MO	C	-0.37%
SCHW	D	-0.35%
BA	F	-0.34%
AMD	D	-0.33%
UNP	C	-0.33%
PH	B	-0.31%
HD	B	-0.3%
EQIX	C	-0.3%
WELL	C	-0.29%
NOC	B	-0.29%
BDX	D	-0.28%
CSX	D	-0.27%
AON	B	-0.27%
VRTX	D	-0.26%
NEM	B	-0.25%
SLB	F	-0.25%
FCX	D	-0.25%
AJG	D	-0.24%
ROP	C	-0.24%
TFC	C	-0.24%
KKR	B	-0.24%
TDG	B	-0.24%
MRVL	C	-0.24%
EMR	D	-0.24%
MMM	B	-0.24%
NSC	C	-0.23%
TT	B	-0.22%
TJX	B	-0.22%
GEV	B	-0.22%
MAR	C	-0.22%
WMB	B	-0.22%
CEG	C	-0.21%
O	C	-0.21%
CCI	C	-0.2%
DLR	B	-0.2%
CARR	B	-0.2%
PCAR	D	-0.2%
PEP	C	-0.2%
BK	B	-0.2%
MET	B	-0.19%
FIS	B	-0.19%
ITW	C	-0.19%
PSA	B	-0.18%
A	C	-0.17%
ALL	B	-0.17%
MCK	F	-0.17%
RSG	D	-0.17%
MCHP	F	-0.17%
CL	D	-0.16%
AME	C	-0.16%
AMGN	B	-0.16%
IQV	C	-0.16%
SPG	B	-0.16%
EA	D	-0.16%
HWM	B	-0.15%
IR	C	-0.15%
EXR	B	-0.15%
URI	B	-0.15%
ROST	C	-0.15%
MSI	B	-0.15%
OTIS	C	-0.15%
STZ	D	-0.15%
EW	F	-0.14%
DFS	B	-0.14%
VICI	C	-0.14%
CRM	D	-0.14%
CSGP	D	-0.13%
AVB	B	-0.13%
GLW	C	-0.13%
GEHC	C	-0.13%
XYL	C	-0.13%
APH	D	-0.13%
ON	D	-0.13%
WAB	B	-0.12%
NDAQ	A	-0.12%
WTW	C	-0.12%
EFX	B	-0.12%
MTD	D	-0.12%
MLM	D	-0.12%
HLT	B	-0.11%
IFF	B	-0.11%
KEYS	C	-0.11%
PAYX	C	-0.11%
TTWO	C	-0.11%
NVR	B	-0.11%
DAL	C	-0.11%
PHM	B	-0.11%
PWR	B	-0.11%
ANSS	D	-0.11%
ROK	D	-0.11%
GRMN	D	-0.11%
ES	C	-0.1%
STE	C	-0.1%
SBUX	C	-0.1%
VMC	D	-0.1%
DELL	D	-0.1%
FSLR	C	-0.1%
SBAC	C	-0.1%
FCNCA	D	-0.1%
CHD	D	-0.1%
MRNA	F	-0.1%
RCL	B	-0.1%
RMD	C	-0.1%
FTV	C	-0.1%
SQ	D	-0.09%
LDOS	B	-0.09%
HUBB	B	-0.09%
WDC	D	-0.09%
CBOE	C	-0.09%
INVH	C	-0.09%
PGR	B	-0.09%
YUM	D	-0.09%
PPL	C	-0.09%
HOLX	B	-0.08%
MSCI	C	-0.08%
BLDR	C	-0.08%
ESS	B	-0.08%
BAX	C	-0.08%
MSTR	D	-0.08%
BALL	C	-0.08%
ILMN	C	-0.08%
MRO	C	-0.07%
WSO	C	-0.07%
AMCR	B	-0.07%
CCL	C	-0.07%
SUI	B	-0.07%
BMRN	F	-0.07%
DLTR	F	-0.07%
CSL	B	-0.07%
MAS	B	-0.07%
AVTR	B	-0.07%
TRU	B	-0.07%
NTRS	A	-0.07%
NTAP	D	-0.06%
TRMB	C	-0.06%
ZBRA	B	-0.06%
GGG	C	-0.06%
BRO	C	-0.06%
IRM	C	-0.06%
NDSN	C	-0.06%
UDR	C	-0.06%
PNR	B	-0.06%
ZTS	C	-0.06%
VRSN	D	-0.06%
TOL	B	-0.06%
CDW	D	-0.06%
APO	C	-0.06%
VLTO	C	-0.06%
AKAM	D	-0.06%
IEX	D	-0.06%
SWK	B	-0.06%
RBA	B	-0.06%
DOC	C	-0.06%
NVT	D	-0.05%
RPRX	C	-0.05%
RPM	B	-0.05%
ITT	B	-0.05%
BLD	D	-0.05%
TECH	C	-0.05%
FTI	D	-0.05%
CUBE	B	-0.05%
RIVN	F	-0.05%
BXP	B	-0.05%
FFIV	B	-0.05%
CHRW	B	-0.05%
CW	B	-0.05%
ALLE	B	-0.05%
SW	B	-0.05%
AES	C	-0.05%
HST	C	-0.05%
KMX	D	-0.05%
JNPR	B	-0.05%
JKHY	B	-0.05%
CLH	A	-0.05%
CPT	B	-0.05%
AMAT	D	-0.05%
REG	C	-0.05%
HOOD	C	-0.05%
IBKR	B	-0.05%
ELS	C	-0.05%
AMH	C	-0.05%
EL	F	-0.05%
GLPI	C	-0.05%
ACM	B	-0.05%
HES	F	-0.05%
DCI	C	-0.04%
SF	A	-0.04%
TWLO	D	-0.04%
CG	D	-0.04%
EVR	A	-0.04%
INGR	B	-0.04%
NYT	C	-0.04%
DRI	B	-0.04%
SOLV	C	-0.04%
EGP	B	-0.04%
FTNT	C	-0.04%
MKTX	C	-0.04%
WST	D	-0.04%
CNH	D	-0.04%
GPK	B	-0.04%
PRI	B	-0.04%
MGM	F	-0.04%
RGLD	C	-0.04%
DPZ	F	-0.04%
TPR	C	-0.04%
FRT	C	-0.04%
ARMK	B	-0.04%
TTC	D	-0.04%
OHI	B	-0.04%
PFGC	B	-0.04%
MTCH	C	-0.04%
WWD	D	-0.04%
TTEK	C	-0.04%
DOX	C	-0.04%
AFRM	C	-0.04%
AOS	D	-0.04%
CRL	F	-0.04%
QGEN	C	-0.04%
ATR	B	-0.04%
COHR	C	-0.04%
CVNA	B	-0.04%
FDS	C	-0.04%
ALB	D	-0.04%
NWSA	D	-0.04%
REXR	C	-0.04%
NTNX	C	-0.04%
CTLT	B	-0.04%
EME	B	-0.04%
AVY	C	-0.04%
CASY	D	-0.04%
RRX	C	-0.04%
CAH	C	-0.04%
QRVO	F	-0.04%
SCI	B	-0.04%
GME	F	-0.03%
VFC	C	-0.03%
FICO	B	-0.03%
AAL	D	-0.03%
WMS	D	-0.03%
BIO	C	-0.03%
FLS	D	-0.03%
CGNX	F	-0.03%
Z	B	-0.03%
RL	C	-0.03%
CFR	C	-0.03%
WBA	F	-0.03%
GWRE	A	-0.03%
OKTA	F	-0.03%
XP	D	-0.03%
MSA	D	-0.03%
EXAS	C	-0.03%
BFAM	C	-0.03%
SOFI	C	-0.03%
WSM	D	-0.03%
SWN	D	-0.03%
SSD	D	-0.03%
PR	F	-0.03%
HRB	C	-0.03%
MTZ	B	-0.03%
MNST	D	-0.03%
RGEN	F	-0.03%
WEX	C	-0.03%
ADC	C	-0.03%
GNTX	F	-0.03%
WYNN	D	-0.03%
ROKU	C	-0.03%
BRBR	C	-0.03%
STAG	C	-0.03%
ALGN	D	-0.03%
ACHC	C	-0.03%
BWXT	D	-0.03%
FR	B	-0.03%
MKSI	F	-0.03%
FND	C	-0.03%
DAY	D	-0.03%
ELAN	D	-0.03%
CBSH	C	-0.03%
LECO	F	-0.03%
SHW	B	-0.03%
CR	C	-0.03%
ONTO	D	-0.03%
CHE	C	-0.03%
ATI	C	-0.03%
COKE	C	-0.03%
WAT	C	-0.03%
AXTA	B	-0.03%
FCN	D	-0.03%
AA	D	-0.03%
TKO	B	-0.03%
APG	D	-0.03%
ALSN	B	-0.03%
BKNG	C	-0.03%
GMED	D	-0.03%
ADP	B	-0.03%
LAMR	B	-0.03%
ACI	F	-0.03%
BRX	B	-0.03%
MHK	C	-0.03%
COLD	D	-0.03%
CIEN	C	-0.03%
TW	B	-0.03%
PTC	D	-0.03%
ECL	B	-0.03%
KBR	D	-0.03%
X	F	-0.03%
RBC	C	-0.03%
NNN	C	-0.03%
TYL	C	-0.02%
MSM	D	-0.02%
KMPR	D	-0.02%
LITE	B	-0.02%
NEU	D	-0.02%
LSXMK	D	-0.02%
W	D	-0.02%
AMP	A	-0.02%
SITE	C	-0.02%
CPRI	D	-0.02%
DOCS	B	-0.02%
SAIA	D	-0.02%
DLB	D	-0.02%
BILL	D	-0.02%
FRPT	B	-0.02%
FLO	C	-0.02%
DBX	D	-0.02%
PSN	B	-0.02%
CIVI	F	-0.02%
OLED	C	-0.02%
S	C	-0.02%
GFS	F	-0.02%
EEFT	D	-0.02%
GNRC	D	-0.02%
ZG	B	-0.02%
AZO	D	-0.02%
JHG	B	-0.02%
WSC	D	-0.02%
FOX	B	-0.02%
SN	B	-0.02%
ORLY	C	-0.02%
XRAY	D	-0.02%
HXL	F	-0.02%
THG	B	-0.02%
KD	D	-0.02%
VNT	F	-0.02%
OLLI	C	-0.02%
SRCL	A	-0.02%
GWW	B	-0.02%
WH	B	-0.02%
DASH	C	-0.02%
H	C	-0.02%
VMI	D	-0.02%
POST	C	-0.02%
ST	D	-0.02%
COIN	F	-0.02%
ESAB	C	-0.02%
RLI	B	-0.02%
ESI	D	-0.02%
LW	D	-0.02%
MTSI	D	-0.02%
FAST	C	-0.02%
STWD	B	-0.02%
LYFT	D	-0.01%
CERT	F	-0.01%
WEN	C	-0.01%
TRIP	F	-0.01%
INFA	D	-0.01%
LEG	D	-0.01%
MP	D	-0.01%
BROS	D	-0.01%
PPC	D	-0.01%
AZEK	C	-0.01%
ALGM	F	-0.01%
VSTS	D	-0.01%
FTRE	D	-0.01%
TER	D	-0.01%
PSTG	F	-0.01%
SHC	C	-0.01%
SAM	F	-0.01%
BIRK	F	-0.01%
QS	F	-0.01%
GLOB	D	-0.01%
HAYW	C	-0.01%
EXP	B	-0.01%
BR	D	-0.01%
RCM	C	-0.01%
ETSY	F	-0.01%
JWN	C	-0.01%
ULTA	D	-0.01%
HHH	C	-0.01%
YETI	D	-0.01%
PINC	C	-0.01%
MASI	F	-0.01%
AGR	B	-0.01%
VIRT	C	-0.01%
BRKR	D	-0.01%
MPW	C	-0.01%
CC	F	-0.01%
AZTA	F	-0.01%
U	D	-0.01%
RKT	C	-0.01%
CNM	F	-0.01%
CLVT	D	-0.01%
PENN	D	-0.01%
IRDM	D	-0.01%
LOPE	D	-0.01%
NWL	C	-0.01%
SMG	C	-0.01%
RH	B	-0.01%
TNL	D	-0.01%
PAYC	D	-0.01%
ZI	D	-0.01%
AM	C	-0.01%
AMED	C	-0.01%
CPRT	D	-0.01%
PK	D	-0.01%
TPG	B	-0.01%
PLNT	B	-0.01%
NWS	D	-0.01%
NSA	B	-0.01%
MAN	C	-0.01%
EPR	B	-0.01%
CTAS	B	-0.01%
MSGS	B	-0.01%
LCID	C	-0.01%
SPR	D	-0.01%
HUN	D	-0.01%
AWI	B	-0.01%
COTY	F	-0.01%
ALNY	C	-0.01%
GTES	C	-0.01%
SEG	C	-0.0%
UWMC	D	-0.0%
NFE	F	-0.0%
DJT	F	-0.0%
UI	B	-0.0%
IONS	F	-0.0%
LBRDA	F	-0.0%
PLTK	C	-0.0%
CHH	C	-0.0%
SIRI	C	-0.0%
TFSL	C	-0.0%
PATH	D	-0.0%
HCP	B	-0.0%
TXG	D	-0.0%
FIVE	D	-0.0%
LSCC	D	-0.0%
PYCR	D	-0.0%
NCNO	D	-0.0%
AMC	F	-0.0%
MTN	D	-0.0%
CNA	C	-0.0%
HAS	B	-0.0%
UA	D	-0.0%
WOLF	F	-0.0%
EXEL	C	-0.0%
DV	F	-0.0%