FAD vs. BBMC ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC)

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD 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 Growth 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) Growth 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

$132.68

Average Daily Volume

4,770

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$94.45

Average Daily Volume

30,267

Number of Holdings ^*

576

* may have additional holdings in another (foreign) market

Performance

Period	FAD	BBMC
30 Days	4.70%	4.70%
60 Days	6.09%	4.31%
90 Days	8.24%	7.52%
12 Months	30.86%	23.36%

200 Overlapping Holdings

	Symbol	Grade	Weight in FAD	Weight in BBMC	Overlap
	AAON	B	0.18%	0.17%	0.17%
	ACA	B	0.14%	0.11%	0.11%
	ACLS	F	0.12%	0.09%	0.09%
	ADC	C	0.1%	0.2%	0.1%
	AEIS	D	0.08%	0.1%	0.08%
	AFRM	C	0.12%	0.24%	0.12%
	AIT	A	0.18%	0.21%	0.18%
	ALGM	F	0.03%	0.05%	0.03%
	ALKS	C	0.1%	0.13%	0.1%
	ALSN	B	0.24%	0.21%	0.21%
	ALTR	C	0.11%	0.14%	0.11%
	AM	C	0.17%	0.14%	0.14%
	AMH	C	0.09%	0.35%	0.09%
	ANF	D	0.17%	0.19%	0.17%
	AOS	D	0.08%	0.26%	0.08%
	APG	D	0.15%	0.17%	0.15%
	APP	C	0.29%	0.51%	0.29%
	ARMK	B	0.19%	0.27%	0.19%
	ATI	C	0.23%	0.21%	0.21%
	ATR	B	0.18%	0.28%	0.18%
	AWI	B	0.19%	0.15%	0.15%
	AWR	B	0.03%	0.08%	0.03%
	AXSM	C	0.15%	0.1%	0.1%
	AXTA	B	0.13%	0.2%	0.13%
	AZEK	C	0.09%	0.17%	0.09%
	BCPC	C	0.09%	0.15%	0.09%
	BE	F	0.04%	0.06%	0.04%
	BFAM	C	0.22%	0.22%	0.22%
	BLD	D	0.08%	0.32%	0.08%
	BLKB	C	0.09%	0.1%	0.09%
	BMI	A	0.19%	0.16%	0.16%
	BOX	C	0.05%	0.13%	0.05%
	BPMC	F	0.14%	0.15%	0.14%
	BRBR	C	0.13%	0.21%	0.13%
	BRX	B	0.05%	0.23%	0.05%
	BWXT	D	0.17%	0.25%	0.17%
	CASY	D	0.21%	0.38%	0.21%
	CBT	B	0.19%	0.16%	0.16%
	CCOI	C	0.05%	0.09%	0.05%
	CELH	F	0.05%	0.15%	0.05%
	CFLT	F	0.06%	0.13%	0.06%
	CFR	C	0.14%	0.18%	0.14%
	CHDN	C	0.17%	0.28%	0.17%
	CHE	C	0.04%	0.24%	0.04%
	CHH	C	0.09%	0.1%	0.09%
	CIVI	F	0.03%	0.11%	0.03%
	CLH	A	0.23%	0.34%	0.23%
	CNM	F	0.11%	0.19%	0.11%
	CNS	B	0.05%	0.06%	0.05%
	COKE	C	0.25%	0.18%	0.18%
	CRVL	B	0.16%	0.08%	0.08%
	CSL	B	0.35%	0.53%	0.35%
	CUBE	B	0.05%	0.33%	0.05%
	CVNA	B	0.23%	0.39%	0.23%
	CW	B	0.24%	0.32%	0.24%
	CWST	D	0.14%	0.17%	0.14%
	DCI	C	0.13%	0.24%	0.13%
	DKNG	C	0.17%	0.48%	0.17%
	DOCS	B	0.07%	0.13%	0.07%
	DUOL	B	0.14%	0.22%	0.14%
	DVA	B	0.25%	0.21%	0.21%
	EEFT	D	0.12%	0.12%	0.12%
	EGP	B	0.05%	0.25%	0.05%
	ELF	F	0.12%	0.17%	0.12%
	EME	B	0.23%	0.48%	0.23%
	ENSG	B	0.26%	0.24%	0.24%
	ENV	C	0.07%	0.09%	0.07%
	EPR	B	0.05%	0.1%	0.05%
	EPRT	B	0.15%	0.16%	0.15%
	ERIE	B	0.49%	0.36%	0.36%
	ESAB	C	0.13%	0.15%	0.13%
	ESTC	F	0.11%	0.17%	0.11%
	EVH	C	0.07%	0.1%	0.07%
	EXEL	C	0.15%	0.21%	0.15%
	EXLS	B	0.15%	0.16%	0.15%
	EXP	B	0.11%	0.23%	0.11%
	EXPO	A	0.1%	0.15%	0.1%
	FCN	D	0.17%	0.22%	0.17%
	FELE	C	0.04%	0.11%	0.04%
	FIX	B	0.24%	0.31%	0.24%
	FIZZ	D	0.07%	0.03%	0.03%
	FOUR	C	0.14%	0.13%	0.13%
	FRPT	B	0.23%	0.17%	0.17%
	FSS	D	0.18%	0.14%	0.14%
	GATX	D	0.13%	0.13%	0.13%
	GNTX	F	0.11%	0.2%	0.11%
	GOLF	D	0.13%	0.05%	0.05%
	GPK	B	0.1%	0.25%	0.1%
	GWRE	A	0.21%	0.39%	0.21%
	H	C	0.2%	0.18%	0.18%
	HAE	F	0.08%	0.1%	0.08%
	HALO	C	0.25%	0.21%	0.21%
	HAS	B	0.15%	0.25%	0.15%
	HOOD	C	0.2%	0.28%	0.2%
	HQY	C	0.15%	0.18%	0.15%
	HRB	C	0.25%	0.25%	0.25%
	HRI	D	0.09%	0.1%	0.09%
	HXL	F	0.04%	0.14%	0.04%
	IBKR	B	0.22%	0.37%	0.22%
	IBP	D	0.14%	0.14%	0.14%
	INFA	D	0.07%	0.09%	0.07%
	INGR	B	0.15%	0.25%	0.15%
	IONS	F	0.11%	0.18%	0.11%
	IOT	B	0.12%	0.25%	0.12%
	IPAR	F	0.04%	0.06%	0.04%
	IRT	B	0.14%	0.12%	0.12%
	IRTC	F	0.06%	0.06%	0.06%
	ITCI	D	0.09%	0.2%	0.09%
	ITT	B	0.18%	0.3%	0.18%
	JJSF	C	0.07%	0.07%	0.07%
	KD	D	0.18%	0.15%	0.15%
	KNSL	C	0.1%	0.29%	0.1%
	KRG	B	0.05%	0.16%	0.05%
	LAMR	B	0.14%	0.3%	0.14%
	LNTH	D	0.22%	0.19%	0.19%
	LNW	B	0.22%	0.27%	0.22%
	LOPE	D	0.17%	0.11%	0.11%
	LYFT	D	0.07%	0.11%	0.07%
	MANH	B	0.27%	0.44%	0.27%
	MEDP	F	0.18%	0.24%	0.18%
	MKSI	F	0.14%	0.17%	0.14%
	MMSI	B	0.14%	0.16%	0.14%
	MORN	C	0.13%	0.23%	0.13%
	MSA	D	0.12%	0.18%	0.12%
	MSGS	B	0.09%	0.1%	0.09%
	MSTR	D	0.09%	0.54%	0.09%
	MTSI	D	0.15%	0.16%	0.15%
	MUSA	D	0.24%	0.29%	0.24%
	NCLH	C	0.13%	0.21%	0.13%
	NEU	D	0.05%	0.12%	0.05%
	NNN	C	0.05%	0.25%	0.05%
	NSA	B	0.08%	0.09%	0.08%
	NTNX	C	0.36%	0.41%	0.36%
	NTRA	C	0.25%	0.4%	0.25%
	NYT	C	0.18%	0.23%	0.18%
	OHI	B	0.15%	0.27%	0.15%
	OLED	C	0.13%	0.25%	0.13%
	OLLI	C	0.21%	0.16%	0.16%
	ONTO	D	0.15%	0.25%	0.15%
	OPCH	C	0.05%	0.16%	0.05%
	ORA	C	0.09%	0.11%	0.09%
	OTTR	F	0.08%	0.09%	0.08%
	OWL	C	0.13%	0.21%	0.13%
	PCOR	F	0.04%	0.13%	0.04%
	PEGA	C	0.19%	0.08%	0.08%
	PFGC	B	0.09%	0.31%	0.09%
	PGNY	F	0.04%	0.06%	0.04%
	PLNT	B	0.14%	0.2%	0.14%
	POST	C	0.23%	0.18%	0.18%
	PR	F	0.11%	0.19%	0.11%
	PRI	B	0.18%	0.25%	0.18%
	PSN	B	0.25%	0.13%	0.13%
	PSTG	F	0.33%	0.4%	0.33%
	RBC	C	0.04%	0.23%	0.04%
	RGLD	C	0.05%	0.25%	0.05%
	RHP	C	0.04%	0.16%	0.04%
	RIVN	F	0.25%	0.26%	0.25%
	RL	C	0.17%	0.19%	0.17%
	RLI	B	0.14%	0.18%	0.14%
	RPM	B	0.09%	0.42%	0.09%
	RVMD	C	0.14%	0.16%	0.14%
	RYAN	D	0.19%	0.18%	0.18%
	S	C	0.09%	0.17%	0.09%
	SAIA	D	0.04%	0.31%	0.04%
	SAM	F	0.07%	0.07%	0.07%
	SFM	B	0.26%	0.28%	0.26%
	SHC	C	0.06%	0.06%	0.06%
	SMAR	C	0.15%	0.2%	0.15%
	SMG	C	0.05%	0.08%	0.05%
	SMPL	D	0.08%	0.08%	0.08%
	SOFI	C	0.1%	0.21%	0.1%
	SPR	D	0.1%	0.11%	0.1%
	SRPT	D	0.17%	0.33%	0.17%
	SSD	D	0.05%	0.2%	0.05%
	STWD	B	0.13%	0.16%	0.13%
	TENB	F	0.04%	0.13%	0.04%
	TKO	B	0.18%	0.23%	0.18%
	TNET	F	0.08%	0.08%	0.08%
	TNL	D	0.09%	0.08%	0.08%
	TOL	B	0.22%	0.4%	0.22%
	TOST	C	0.21%	0.27%	0.21%
	TPX	C	0.05%	0.23%	0.05%
	TTEK	C	0.24%	0.34%	0.24%
	TW	B	0.19%	0.37%	0.19%
	TXRH	C	0.2%	0.3%	0.2%
	VC	F	0.02%	0.07%	0.02%
	VNT	F	0.07%	0.14%	0.07%
	WEN	C	0.04%	0.08%	0.04%
	WEX	C	0.05%	0.23%	0.05%
	WFRD	F	0.16%	0.19%	0.16%
	WING	B	0.2%	0.3%	0.2%
	WMG	D	0.08%	0.11%	0.08%
	WMS	D	0.08%	0.28%	0.08%
	WSC	D	0.04%	0.2%	0.04%
	WSM	D	0.17%	0.45%	0.17%
	WTS	C	0.04%	0.15%	0.04%
	WWD	D	0.2%	0.26%	0.2%
	XPO	D	0.17%	0.33%	0.17%
	YETI	D	0.04%	0.09%	0.04%
	ZWS	A	0.09%	0.13%	0.09%

FAD Overweight 441 Positions Relative to BBMC

	Symbol	Grade	Weight
	IRM	C	0.56%
	HWM	B	0.52%
	HEI	B	0.5%
	KKR	B	0.5%
	BK	B	0.49%
	GE	B	0.48%
	TJX	B	0.47%
	GDDY	C	0.47%
	FCNCA	D	0.47%
	LII	B	0.47%
	TT	B	0.47%
	WAB	B	0.46%
	COST	B	0.46%
	MMM	B	0.45%
	RCL	B	0.45%
	GRMN	D	0.45%
	PWR	B	0.45%
	BAH	C	0.44%
	LLY	C	0.44%
	ANET	B	0.44%
	META	B	0.44%
	BKNG	C	0.43%
	VST	C	0.43%
	FICO	B	0.43%
	JPM	D	0.43%
	CEG	C	0.42%
	STX	C	0.42%
	VRT	C	0.42%
	HLT	B	0.42%
	NVDA	D	0.41%
	DECK	C	0.41%
	APO	C	0.41%
	SMMT	C	0.4%
	URI	B	0.39%
	NTAP	D	0.39%
	MSI	B	0.39%
	AJG	D	0.39%
	ORCL	C	0.39%
	BRO	C	0.39%
	ISRG	B	0.38%
	CMG	C	0.38%
	ROST	C	0.37%
	TDG	B	0.37%
	GOOGL	D	0.37%
	BSX	B	0.37%
	CL	D	0.37%
	AVGO	C	0.36%
	NTRS	A	0.36%
	ECL	B	0.36%
	RSG	D	0.36%
	AMGN	B	0.36%
	PANW	D	0.35%
	PLTR	B	0.35%
	NFLX	B	0.35%
	VRTX	D	0.35%
	CAT	B	0.35%
	UBER	C	0.34%
	IR	C	0.34%
	DAL	C	0.33%
	MAR	C	0.33%
	AMZN	C	0.33%
	ETN	C	0.33%
	CCL	C	0.32%
	PHM	B	0.32%
	APH	D	0.32%
	PM	C	0.31%
	KLAC	D	0.31%
	LPLA	D	0.31%
	CTAS	B	0.3%
	TMUS	C	0.29%
	TYL	C	0.29%
	CRWD	D	0.29%
	PH	B	0.29%
	ARES	B	0.28%
	MPWR	C	0.28%
	NOW	B	0.28%
	MCO	B	0.28%
	ORLY	C	0.27%
	DPZ	F	0.27%
	BR	D	0.27%
	EXPE	C	0.27%
	MMC	C	0.27%
	AMAT	D	0.27%
	WSO	C	0.26%
	ROL	C	0.26%
	DLR	B	0.26%
	LYV	B	0.26%
	AZO	D	0.26%
	WMB	B	0.26%
	LRCX	F	0.25%
	MOG.A	B	0.25%
	INTU	C	0.25%
	FSLR	C	0.25%
	MSFT	C	0.24%
	XYL	C	0.24%
	WM	D	0.24%
	OTIS	C	0.24%
	BCO	B	0.23%
	PCAR	D	0.23%
	ITGR	A	0.23%
	MOD	A	0.23%
	INSM	D	0.23%
	CDNS	D	0.22%
	AXON	B	0.22%
	AVAV	C	0.22%
	PINS	F	0.22%
	CVLT	B	0.21%
	MGM	F	0.21%
	SNPS	D	0.21%
	SFBS	B	0.21%
	DDOG	D	0.21%
	IBM	B	0.21%
	NVR	B	0.21%
	WELL	C	0.21%
	NXPI	F	0.21%
	ADMA	B	0.2%
	SO	B	0.2%
	ESS	B	0.2%
	PODD	B	0.2%
	ADP	B	0.2%
	MO	C	0.2%
	PPL	C	0.2%
	KNF	B	0.2%
	TTD	B	0.19%
	TPL	B	0.19%
	SYK	C	0.19%
	ALNY	C	0.19%
	GWW	B	0.19%
	HUBB	B	0.19%
	ZETA	C	0.19%
	STE	C	0.19%
	KTB	B	0.19%
	KO	C	0.19%
	AVB	B	0.19%
	IT	B	0.19%
	INVH	C	0.18%
	EA	D	0.18%
	GKOS	C	0.18%
	PG	C	0.18%
	AAPL	C	0.18%
	ALHC	C	0.18%
	ADBE	F	0.17%
	PTGX	C	0.17%
	SATS	C	0.17%
	OSCR	B	0.17%
	ROP	C	0.17%
	ADI	C	0.17%
	MTD	D	0.17%
	CRM	D	0.17%
	VRSK	D	0.17%
	CHD	D	0.17%
	APPF	D	0.16%
	HLNE	B	0.16%
	CRS	B	0.16%
	HWKN	C	0.16%
	AMD	D	0.16%
	PRCT	C	0.16%
	CNK	C	0.16%
	HON	D	0.16%
	MLM	D	0.16%
	MIRM	D	0.15%
	HCC	F	0.15%
	ACIW	B	0.15%
	GVA	B	0.15%
	QTWO	B	0.15%
	ZS	F	0.15%
	OKTA	F	0.14%
	SMTC	C	0.14%
	FTDR	B	0.14%
	TDS	C	0.14%
	SMCI	F	0.14%
	KAI	C	0.14%
	SGBX	F	0.14%
	RDNT	B	0.14%
	PJT	B	0.14%
	SPNT	C	0.14%
	IESC	C	0.14%
	USLM	B	0.14%
	VRNS	C	0.14%
	LRN	B	0.14%
	POWL	C	0.14%
	SNAP	F	0.14%
	ROAD	B	0.14%
	PI	B	0.14%
	OSW	C	0.13%
	ITRI	C	0.13%
	VRRM	D	0.13%
	TDW	F	0.13%
	TBBK	B	0.13%
	ALKT	D	0.13%
	GERN	D	0.13%
	TRN	D	0.13%
	ATGE	C	0.13%
	WHD	C	0.13%
	STRL	B	0.13%
	AGIO	C	0.13%
	AMRX	B	0.13%
	DY	B	0.13%
	KRYS	D	0.13%
	TWST	D	0.12%
	SKYW	C	0.12%
	AROC	D	0.12%
	UFPT	B	0.12%
	BKD	D	0.12%
	SLG	B	0.12%
	NHI	C	0.12%
	TMDX	C	0.12%
	CSWI	B	0.12%
	AZZ	D	0.12%
	EPAC	B	0.11%
	MBIN	D	0.11%
	LMAT	C	0.11%
	HURN	C	0.11%
	TNDM	C	0.11%
	LAUR	C	0.11%
	PTCT	C	0.11%
	RMD	C	0.11%
	KTOS	C	0.11%
	MYGN	C	0.11%
	BRC	C	0.11%
	ICFI	B	0.11%
	KYMR	C	0.11%
	WYNN	D	0.11%
	RXST	C	0.11%
	TRU	B	0.11%
	COLL	C	0.11%
	IDCC	B	0.11%
	PLMR	C	0.11%
	CORT	C	0.11%
	CEIX	D	0.11%
	TGLS	B	0.1%
	AGYS	D	0.1%
	CPAY	B	0.1%
	HLX	F	0.1%
	UDR	C	0.1%
	SPGI	B	0.1%
	CPT	B	0.1%
	TPG	B	0.1%
	VERX	D	0.1%
	GRBK	B	0.1%
	AON	B	0.1%
	HIMS	D	0.1%
	BOWL	F	0.1%
	MAS	B	0.1%
	PMT	C	0.1%
	DASH	C	0.1%
	GFF	D	0.1%
	JWN	C	0.1%
	FFIV	B	0.1%
	SCS	D	0.1%
	ARDX	D	0.1%
	SKWD	C	0.1%
	SHW	B	0.1%
	PAR	B	0.09%
	TXN	C	0.09%
	BANF	B	0.09%
	SYBT	A	0.09%
	SBRA	C	0.09%
	RYTM	B	0.09%
	DSGR	B	0.09%
	CRDO	D	0.09%
	CARS	D	0.09%
	DRI	B	0.09%
	MRVL	C	0.09%
	WRBY	D	0.09%
	ADSK	C	0.09%
	LIN	B	0.09%
	CBZ	F	0.09%
	PEP	C	0.09%
	FLNC	C	0.09%
	SPG	B	0.09%
	MAC	B	0.09%
	V	C	0.09%
	CMPR	D	0.09%
	BCRX	C	0.09%
	AKR	B	0.09%
	HD	B	0.09%
	CAL	F	0.09%
	MA	B	0.09%
	CPRX	A	0.09%
	GBX	C	0.09%
	PAYX	C	0.09%
	LVS	D	0.08%
	RKLB	C	0.08%
	OSIS	D	0.08%
	MGNI	D	0.08%
	LKFN	C	0.08%
	CDRE	C	0.08%
	PRGS	C	0.08%
	KNTK	B	0.08%
	CPRT	D	0.08%
	ALX	B	0.08%
	ACVA	B	0.08%
	YOU	C	0.08%
	PTC	D	0.08%
	NET	D	0.08%
	VMC	D	0.08%
	ROK	D	0.08%
	CHCO	B	0.08%
	CARG	B	0.08%
	LPG	F	0.08%
	BROS	D	0.08%
	HST	C	0.08%
	ESRT	B	0.08%
	SHAK	C	0.08%
	INSW	D	0.08%
	TTWO	C	0.08%
	STZ	D	0.08%
	MRUS	D	0.08%
	GIII	C	0.08%
	UE	B	0.08%
	AME	C	0.08%
	HASI	C	0.08%
	IIPR	B	0.08%
	VECO	F	0.07%
	ANIP	D	0.07%
	MIR	D	0.07%
	GH	D	0.07%
	PK	D	0.07%
	THR	D	0.07%
	TNC	F	0.07%
	GPOR	D	0.07%
	ENTG	F	0.07%
	MARA	F	0.07%
	VGR	B	0.07%
	GBDC	C	0.07%
	HUBS	D	0.07%
	SLB	F	0.07%
	FORM	F	0.07%
	BA	F	0.07%
	NSSC	F	0.07%
	WABC	D	0.07%
	NBIX	F	0.07%
	AESI	C	0.07%
	SWI	B	0.07%
	AGM	D	0.07%
	ESE	B	0.06%
	JBI	F	0.06%
	SKT	B	0.06%
	SITM	B	0.06%
	PDFS	F	0.06%
	CLDX	C	0.06%
	OUT	C	0.06%
	CRNX	C	0.06%
	IVT	B	0.06%
	SABR	D	0.06%
	NABL	D	0.06%
	FA	B	0.06%
	CTRE	C	0.06%
	ENVX	F	0.06%
	EW	F	0.06%
	TGI	F	0.06%
	HRMY	B	0.06%
	IOSP	D	0.06%
	AMR	F	0.06%
	LW	D	0.06%
	DFH	C	0.06%
	YELP	F	0.05%
	PEB	D	0.05%
	SHO	C	0.05%
	ETWO	C	0.05%
	RRR	D	0.05%
	HEES	D	0.05%
	FOR	C	0.05%
	AMC	F	0.05%
	DOC	C	0.05%
	VCEL	D	0.05%
	DRH	C	0.05%
	NOVA	C	0.05%
	WDFC	C	0.05%
	GIC	D	0.05%
	ALLE	B	0.05%
	REG	C	0.05%
	SXI	C	0.05%
	JOE	C	0.05%
	LADR	B	0.05%
	TR	C	0.05%
	PRVA	F	0.05%
	LTC	C	0.05%
	EXTR	C	0.05%
	AIV	B	0.05%
	MLNK	C	0.05%
	MYRG	F	0.04%
	VCYT	B	0.04%
	TRIP	F	0.04%
	PDFS	F	0.04%
	AGL	F	0.04%
	RUN	C	0.04%
	XMTR	D	0.04%
	NCNO	D	0.04%
	RAMP	F	0.04%
	FWRG	F	0.04%
	ALRM	F	0.04%
	ZUO	F	0.04%
	TECH	C	0.04%
	AES	C	0.04%
	DOCU	C	0.04%
	JKHY	B	0.04%
	NTST	D	0.03%
	JAMF	D	0.03%
	PLYM	D	0.03%
	CNMD	D	0.03%
	LMND	D	0.03%
	DRVN	C	0.03%
	BANC	B	0.03%
	BEAM	F	0.03%
	IAS	D	0.03%
	AMWD	D	0.03%
	DOCN	A	0.03%
	PHR	D	0.03%
	KW	C	0.03%
	NEO	C	0.03%
	CLSK	F	0.03%
	MGEE	B	0.03%
	INTA	A	0.03%
	FCPT	C	0.03%
	UMH	C	0.03%
	CWAN	B	0.03%
	DNLI	C	0.03%
	TGTX	C	0.03%
	RKT	C	0.03%
	AI	F	0.02%
	BASE	F	0.02%
	PLAY	F	0.02%
	CXM	F	0.02%
	UEC	D	0.02%
	CTKB	F	0.02%
	WNC	F	0.02%
	MCW	F	0.02%
	RES	D	0.02%
	GTX	F	0.02%
	UPWK	D	0.02%
	PLAB	F	0.02%
	NARI	F	0.02%
	MTRN	F	0.02%
	ROCK	D	0.02%
	EVTC	D	0.02%
	DBRG	D	0.02%
	ALG	D	0.02%
	WINA	D	0.02%
	RNG	F	0.02%

FAD Underweight 376 Positions Relative to BBMC

	Symbol	Grade	Weight
	RS	D	-0.44%
	THC	A	-0.42%
	GGG	C	-0.39%
	GLPI	C	-0.38%
	USFD	B	-0.37%
	UTHR	C	-0.37%
	RNR	C	-0.37%
	NDSN	C	-0.36%
	ACM	B	-0.36%
	JLL	B	-0.34%
	DKS	D	-0.34%
	JBL	D	-0.34%
	CHRW	B	-0.33%
	FND	C	-0.32%
	PCVX	C	-0.32%
	SCI	B	-0.32%
	COHR	C	-0.3%
	OVV	F	-0.3%
	ALLY	F	-0.3%
	CTLT	B	-0.3%
	PNW	C	-0.29%
	NVT	D	-0.29%
	CACI	B	-0.29%
	RRX	C	-0.28%
	LECO	F	-0.28%
	AIZ	B	-0.28%
	REXR	C	-0.28%
	TPR	C	-0.27%
	GL	C	-0.27%
	BJ	D	-0.27%
	MTCH	C	-0.27%
	UNM	B	-0.27%
	FRT	C	-0.27%
	MKTX	C	-0.27%
	WTRG	D	-0.27%
	EHC	C	-0.26%
	GME	F	-0.26%
	JEF	B	-0.26%
	SOLV	C	-0.26%
	HSIC	C	-0.25%
	SKX	D	-0.25%
	ORI	B	-0.25%
	WAL	B	-0.25%
	SF	A	-0.24%
	FHN	D	-0.24%
	TTC	D	-0.24%
	GNRC	D	-0.24%
	EVR	A	-0.24%
	CHRD	F	-0.23%
	KBR	D	-0.23%
	BERY	B	-0.22%
	WBS	D	-0.22%
	AYI	B	-0.22%
	COLD	D	-0.22%
	KNX	C	-0.22%
	CBSH	C	-0.22%
	ROKU	C	-0.22%
	GMED	D	-0.22%
	MHK	C	-0.22%
	HLI	B	-0.22%
	OGE	C	-0.22%
	CMA	B	-0.21%
	X	F	-0.21%
	MLI	A	-0.21%
	AGNC	B	-0.21%
	AR	F	-0.21%
	CHK	D	-0.21%
	CIEN	C	-0.21%
	SEIC	C	-0.21%
	CZR	C	-0.21%
	BWA	D	-0.21%
	FLR	D	-0.21%
	CROX	D	-0.21%
	RGEN	F	-0.21%
	LAD	D	-0.21%
	DINO	F	-0.21%
	FMC	C	-0.21%
	FN	D	-0.21%
	UFPI	C	-0.2%
	ACHC	C	-0.2%
	CR	C	-0.2%
	FR	B	-0.2%
	MIDD	D	-0.2%
	VOYA	B	-0.2%
	SSB	B	-0.2%
	AA	D	-0.2%
	PNFP	B	-0.2%
	STAG	C	-0.2%
	DTM	B	-0.2%
	PEN	D	-0.2%
	CRUS	D	-0.2%
	ELAN	D	-0.2%
	MTG	B	-0.19%
	SWN	D	-0.19%
	UHAL	A	-0.19%
	KEX	C	-0.19%
	ESNT	B	-0.19%
	FAF	B	-0.19%
	RRC	D	-0.19%
	JAZZ	D	-0.19%
	ARW	C	-0.19%
	BIO	C	-0.19%
	TREX	D	-0.19%
	ALV	F	-0.19%
	ZION	D	-0.19%
	SPSC	D	-0.19%
	WCC	D	-0.19%
	AAL	D	-0.19%
	PCTY	C	-0.19%
	MTN	D	-0.19%
	WTFC	B	-0.19%
	SAIC	C	-0.19%
	PB	B	-0.19%
	BPOP	C	-0.19%
	MTH	A	-0.19%
	INSP	C	-0.18%
	LEA	F	-0.18%
	CGNX	F	-0.18%
	OSK	F	-0.18%
	TMHC	A	-0.18%
	NOV	F	-0.18%
	SNV	C	-0.18%
	TRNO	C	-0.18%
	RHI	D	-0.18%
	LBRDK	F	-0.18%
	LSTR	D	-0.18%
	MAT	C	-0.18%
	FYBR	C	-0.18%
	MTDR	F	-0.17%
	ONB	C	-0.17%
	CYTK	F	-0.17%
	SITE	C	-0.17%
	LPX	B	-0.17%
	NOVT	D	-0.17%
	BRKR	D	-0.17%
	G	C	-0.17%
	AXS	B	-0.17%
	FLS	D	-0.17%
	ETSY	F	-0.17%
	BBWI	F	-0.17%
	LFUS	C	-0.17%
	WH	B	-0.17%
	GTLB	D	-0.17%
	MTZ	B	-0.17%
	DBX	D	-0.16%
	CADE	C	-0.16%
	AGCO	D	-0.16%
	JXN	A	-0.16%
	NSIT	D	-0.16%
	DAR	F	-0.16%
	ESI	D	-0.16%
	CMC	D	-0.16%
	VKTX	C	-0.16%
	SRCL	A	-0.16%
	GXO	D	-0.16%
	VFC	C	-0.16%
	PARA	F	-0.16%
	R	A	-0.16%
	LSCC	D	-0.16%
	THO	D	-0.15%
	IVZ	B	-0.15%
	HOMB	B	-0.15%
	RDN	C	-0.15%
	IDA	C	-0.15%
	XRAY	D	-0.15%
	THG	B	-0.15%
	MUR	F	-0.15%
	VMI	D	-0.15%
	ST	D	-0.15%
	MMS	C	-0.15%
	BILL	D	-0.15%
	TKR	D	-0.15%
	WHR	D	-0.15%
	SON	C	-0.15%
	AMG	C	-0.15%
	CLF	F	-0.15%
	COOP	C	-0.15%
	KBH	A	-0.15%
	PATH	D	-0.15%
	PVH	F	-0.15%
	SIGI	D	-0.15%
	NFG	B	-0.15%
	SNX	D	-0.15%
	CHX	F	-0.15%
	RARE	B	-0.14%
	GBCI	B	-0.14%
	HOG	C	-0.14%
	LNC	D	-0.14%
	OLN	D	-0.14%
	UBSI	B	-0.14%
	OMF	D	-0.14%
	POR	C	-0.14%
	MASI	F	-0.14%
	SKY	B	-0.14%
	COLB	B	-0.14%
	UGI	C	-0.14%
	VVV	D	-0.14%
	BECN	D	-0.14%
	NXST	D	-0.14%
	FNB	C	-0.14%
	FFIN	B	-0.14%
	ALK	C	-0.14%
	BC	C	-0.14%
	EDR	A	-0.14%
	OGN	D	-0.14%
	WTM	D	-0.13%
	ABG	D	-0.13%
	AVT	C	-0.13%
	SM	F	-0.13%
	NJR	B	-0.13%
	FIVE	D	-0.13%
	PECO	B	-0.13%
	JHG	B	-0.13%
	MDU	C	-0.13%
	UMBF	B	-0.13%
	FLO	C	-0.13%
	GTLS	F	-0.13%
	GPI	B	-0.13%
	SEE	D	-0.13%
	WU	F	-0.12%
	BKH	B	-0.12%
	SLGN	B	-0.12%
	ASGN	D	-0.12%
	BYD	C	-0.12%
	RMBS	F	-0.12%
	PII	D	-0.12%
	SUM	D	-0.12%
	CPRI	D	-0.12%
	FUL	C	-0.12%
	HWC	D	-0.12%
	OZK	D	-0.12%
	AN	D	-0.12%
	AL	D	-0.12%
	GAP	F	-0.12%
	SLM	D	-0.12%
	QLYS	F	-0.12%
	SR	B	-0.11%
	SWX	C	-0.11%
	MDGL	F	-0.11%
	CRSP	F	-0.11%
	IAC	C	-0.11%
	ENS	D	-0.11%
	ASO	C	-0.11%
	M	F	-0.11%
	KRC	B	-0.11%
	ASH	D	-0.11%
	CUZ	B	-0.11%
	AGO	C	-0.11%
	BDC	B	-0.11%
	MGY	C	-0.11%
	RYN	C	-0.11%
	AVNT	B	-0.11%
	DLB	D	-0.11%
	AMKR	F	-0.1%
	LSXMK	D	-0.1%
	LITE	B	-0.1%
	SEM	D	-0.1%
	COTY	F	-0.1%
	MSM	D	-0.1%
	SANM	D	-0.1%
	VAL	F	-0.1%
	VLY	C	-0.1%
	HUN	D	-0.1%
	LANC	D	-0.1%
	OGS	B	-0.1%
	PBH	B	-0.1%
	PRGO	D	-0.1%
	RH	B	-0.1%
	ESGR	D	-0.1%
	ALE	B	-0.1%
	DXC	C	-0.1%
	PNM	B	-0.1%
	KMPR	D	-0.1%
	WK	D	-0.1%
	RIG	F	-0.09%
	PTEN	F	-0.09%
	FOLD	D	-0.09%
	ATKR	F	-0.09%
	HP	F	-0.09%
	GTES	C	-0.09%
	PAG	D	-0.09%
	CNXC	F	-0.09%
	SXT	C	-0.09%
	NSP	F	-0.09%
	CWT	C	-0.09%
	NWE	B	-0.09%
	DNB	C	-0.09%
	APLE	D	-0.09%
	APLS	F	-0.09%
	CRC	C	-0.09%
	POWI	F	-0.09%
	HL	C	-0.09%
	PCH	C	-0.09%
	PBF	F	-0.09%
	NEOG	D	-0.09%
	SIG	C	-0.09%
	SLAB	D	-0.09%
	MAN	C	-0.09%
	TEX	F	-0.09%
	ZI	D	-0.08%
	JBT	D	-0.08%
	SYNA	F	-0.08%
	DIOD	F	-0.08%
	COLM	C	-0.08%
	NWL	C	-0.08%
	FHI	A	-0.08%
	NVST	D	-0.08%
	IRDM	D	-0.08%
	RUSHA	C	-0.08%
	LCID	C	-0.08%
	AVA	C	-0.08%
	MPW	C	-0.08%
	ALIT	D	-0.08%
	BXMT	C	-0.08%
	PFSI	C	-0.08%
	BOKF	B	-0.07%
	PENN	D	-0.07%
	BL	D	-0.07%
	BTU	D	-0.07%
	CC	F	-0.07%
	ARWR	F	-0.07%
	BHF	F	-0.07%
	DV	F	-0.07%
	TDC	F	-0.07%
	CACC	F	-0.07%
	HGV	F	-0.07%
	FIVN	F	-0.06%
	PINC	C	-0.06%
	ADTN	D	-0.06%
	VAC	F	-0.06%
	CLVT	D	-0.06%
	RCM	C	-0.06%
	GT	F	-0.06%
	KWR	D	-0.06%
	HHH	C	-0.06%
	ENOV	D	-0.06%
	AZTA	F	-0.06%
	CWEN	C	-0.06%
	SGRY	C	-0.06%
	AAP	F	-0.06%
	TXG	D	-0.06%
	FRHC	B	-0.05%
	FLYW	F	-0.05%
	REYN	C	-0.05%
	PPC	D	-0.05%
	ADNT	F	-0.05%
	IPGP	F	-0.05%
	HI	F	-0.05%
	ACAD	F	-0.05%
	IMVT	D	-0.05%
	PWSC	C	-0.04%
	MP	D	-0.04%
	WOR	D	-0.04%
	LTH	B	-0.04%
	UAA	C	-0.04%
	DDS	F	-0.04%
	MODG	F	-0.04%
	GEF	D	-0.04%
	WOLF	F	-0.03%
	NFE	F	-0.03%
	LBRDA	F	-0.03%
	SEDG	F	-0.03%
	ACT	B	-0.03%
	UA	D	-0.03%
	PYCR	D	-0.03%
	CAR	F	-0.03%
	TFSL	C	-0.02%
	SEB	D	-0.02%
	DJT	F	-0.02%
	CRK	D	-0.02%
	CWEN	C	-0.02%
	RUSHB	C	-0.01%
	INST	D	-0.01%
	PLTK	C	-0.01%
	UHAL	A	-0.01%
	SEG	C	-0.0%

FAD: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Software - Infrastructure Diversified Industrials Business Services Aerospace & Defense Building Materials REIT - Retail Semiconductors Medical Devices Banks - Regional - US Engineering & Construction Restaurants Specialty Chemicals Asset Management Diagnostics & Research REIT - Diversified Leisure Medical Instruments & Supplies REIT - Residential

Keywords: S&P 500 Computing Nasdaq 100 Real Estate Investment Trust Medicine IBD 50 Electronics Chemical Aerospace Insurance Banking Cloud Computing Semiconductor Construction Mining Biopharmaceutical Integrated Circuits Bank Telecommunications Biotechnology

BBMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Oil & Gas E&P Software - Infrastructure Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Information Technology Services Packaged Foods Packaging & Containers Semiconductors Capital Markets Engineering & Construction Leisure REIT - Industrial Apparel Manufacturing

Keywords: Banking Natural Gas Mining S&P 500 Bank Insurance Chemical Real Estate Investment Trust Computing Electronics Aerospace Construction Medicine Semiconductor Transport Electricity Plastic Supply Chain Management Beverage Biopharmaceutical