FAD vs. DEUS ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Deutsche X-trackers Russell 1000 Enhanced Beta ETF (DEUS)

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

DEUS

Deutsche X-trackers Russell 1000 Enhanced Beta ETF

DEUS Description

The investment seeks investment results that correspond generally to the performance of the Russell 1000 Comprehensive Factor Index. The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance of the underlying index, which is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of value, momentum, quality, low volatility and size. It will normally invest at least 80% of its net assets in equity securities of issuers from the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.51

Average Daily Volume

5,985

Number of Holdings ^*

832

* may have additional holdings in another (foreign) market

Performance

Period	FAD	DEUS
30 Days	4.70%	3.67%
60 Days	6.09%	5.88%
90 Days	8.24%	7.62%
12 Months	30.86%	25.53%

291 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in DEUS	Overlap
AAON	B	0.18%	0.11%	0.11%
AAPL	C	0.18%	0.11%	0.11%
ADBE	F	0.17%	0.19%	0.17%
ADC	C	0.1%	0.01%	0.01%
ADI	C	0.17%	0.17%	0.17%
ADP	B	0.2%	0.1%	0.1%
ADSK	C	0.09%	0.16%	0.09%
AES	C	0.04%	0.07%	0.04%
AJG	D	0.39%	0.06%	0.06%
ALLE	B	0.05%	0.1%	0.05%
ALSN	B	0.24%	0.29%	0.24%
AM	C	0.17%	0.02%	0.02%
AMAT	D	0.27%	0.22%	0.22%
AMD	D	0.16%	0.01%	0.01%
AME	C	0.08%	0.08%	0.08%
AMGN	B	0.36%	0.1%	0.1%
AMH	C	0.09%	0.04%	0.04%
AMZN	C	0.33%	0.06%	0.06%
ANET	B	0.44%	0.16%	0.16%
AON	B	0.1%	0.11%	0.1%
AOS	D	0.08%	0.21%	0.08%
APG	D	0.15%	0.03%	0.03%
APH	D	0.32%	0.31%	0.31%
APO	C	0.41%	0.1%	0.1%
APP	C	0.29%	0.01%	0.01%
APPF	D	0.16%	0.01%	0.01%
ARES	B	0.28%	0.04%	0.04%
ARMK	B	0.19%	0.1%	0.1%
ATI	C	0.23%	0.02%	0.02%
ATR	B	0.18%	0.14%	0.14%
AVB	B	0.19%	0.1%	0.1%
AVGO	C	0.36%	0.04%	0.04%
AWI	B	0.19%	0.12%	0.12%
AXON	B	0.22%	0.02%	0.02%
AXTA	B	0.13%	0.04%	0.04%
AZEK	C	0.09%	0.04%	0.04%
AZO	D	0.26%	0.34%	0.26%
BAH	C	0.44%	0.16%	0.16%
BFAM	C	0.22%	0.04%	0.04%
BK	B	0.49%	0.14%	0.14%
BKNG	C	0.43%	0.25%	0.25%
BLD	D	0.08%	0.1%	0.08%
BR	D	0.27%	0.29%	0.27%
BRBR	C	0.13%	0.18%	0.13%
BRO	C	0.39%	0.25%	0.25%
BRX	B	0.05%	0.03%	0.03%
BSX	B	0.37%	0.08%	0.08%
BWXT	D	0.17%	0.1%	0.1%
CASY	D	0.21%	0.54%	0.21%
CAT	B	0.35%	0.18%	0.18%
CDNS	D	0.22%	0.2%	0.2%
CEG	C	0.42%	0.01%	0.01%
CFR	C	0.14%	0.01%	0.01%
CHD	D	0.17%	0.2%	0.17%
CHDN	C	0.17%	0.02%	0.02%
CHE	C	0.04%	0.1%	0.04%
CHH	C	0.09%	0.03%	0.03%
CIVI	F	0.03%	0.01%	0.01%
CL	D	0.37%	0.34%	0.34%
CLH	A	0.23%	0.11%	0.11%
CMG	C	0.38%	0.15%	0.15%
CNM	F	0.11%	0.25%	0.11%
COKE	C	0.25%	0.25%	0.25%
COST	B	0.46%	0.15%	0.15%
CPAY	B	0.1%	0.19%	0.1%
CPRT	D	0.08%	0.13%	0.08%
CPT	B	0.1%	0.05%	0.05%
CRM	D	0.17%	0.14%	0.14%
CRWD	D	0.29%	0.03%	0.03%
CSL	B	0.35%	0.22%	0.22%
CTAS	B	0.3%	0.14%	0.14%
CUBE	B	0.05%	0.12%	0.05%
CW	B	0.24%	0.17%	0.17%
DAL	C	0.33%	0.2%	0.2%
DASH	C	0.1%	0.04%	0.04%
DCI	C	0.13%	0.15%	0.13%
DDOG	D	0.21%	0.01%	0.01%
DECK	C	0.41%	0.11%	0.11%
DLR	B	0.26%	0.08%	0.08%
DOC	C	0.05%	0.02%	0.02%
DOCU	C	0.04%	0.02%	0.02%
DPZ	F	0.27%	0.16%	0.16%
DRI	B	0.09%	0.04%	0.04%
DVA	B	0.25%	0.28%	0.25%
EA	D	0.18%	0.19%	0.18%
ECL	B	0.36%	0.13%	0.13%
EEFT	D	0.12%	0.05%	0.05%
EGP	B	0.05%	0.03%	0.03%
ELF	F	0.12%	0.01%	0.01%
EME	B	0.23%	0.38%	0.23%
ENTG	F	0.07%	0.04%	0.04%
ESAB	C	0.13%	0.07%	0.07%
ESS	B	0.2%	0.08%	0.08%
ETN	C	0.33%	0.09%	0.09%
EW	F	0.06%	0.04%	0.04%
EXEL	C	0.15%	0.15%	0.15%
EXP	B	0.11%	0.23%	0.11%
EXPE	C	0.27%	0.21%	0.21%
FCN	D	0.17%	0.05%	0.05%
FCNCA	D	0.47%	0.24%	0.24%
FFIV	B	0.1%	0.43%	0.1%
FICO	B	0.43%	0.13%	0.13%
FIX	B	0.24%	0.19%	0.19%
FRPT	B	0.23%	0.01%	0.01%
FSLR	C	0.25%	0.02%	0.02%
GDDY	C	0.47%	0.56%	0.47%
GE	B	0.48%	0.1%	0.1%
GNTX	F	0.11%	0.25%	0.11%
GOOGL	D	0.37%	0.09%	0.09%
GPK	B	0.1%	0.08%	0.08%
GRMN	D	0.45%	0.4%	0.4%
GWRE	A	0.21%	0.06%	0.06%
GWW	B	0.19%	0.3%	0.19%
H	C	0.2%	0.03%	0.03%
HAS	B	0.15%	0.01%	0.01%
HD	B	0.09%	0.09%	0.09%
HEI	B	0.5%	0.01%	0.01%
HEI	B	0.5%	0.01%	0.01%
HLT	B	0.42%	0.19%	0.19%
HON	D	0.16%	0.05%	0.05%
HRB	C	0.25%	0.33%	0.25%
HST	C	0.08%	0.16%	0.08%
HUBB	B	0.19%	0.1%	0.1%
HUBS	D	0.07%	0.02%	0.02%
HWM	B	0.52%	0.1%	0.1%
HXL	F	0.04%	0.03%	0.03%
IBKR	B	0.22%	0.1%	0.1%
IBM	B	0.21%	0.33%	0.21%
INFA	D	0.07%	0.01%	0.01%
INGR	B	0.15%	0.34%	0.15%
INTU	C	0.25%	0.24%	0.24%
INVH	C	0.18%	0.04%	0.04%
IR	C	0.34%	0.15%	0.15%
IRM	C	0.56%	0.06%	0.06%
ISRG	B	0.38%	0.07%	0.07%
IT	B	0.19%	0.34%	0.19%
ITT	B	0.18%	0.23%	0.18%
JKHY	B	0.04%	0.08%	0.04%
JPM	D	0.43%	0.01%	0.01%
KD	D	0.18%	0.02%	0.02%
KKR	B	0.5%	0.03%	0.03%
KLAC	D	0.31%	0.34%	0.31%
KNSL	C	0.1%	0.31%	0.1%
KO	C	0.19%	0.04%	0.04%
LAMR	B	0.14%	0.17%	0.14%
LII	B	0.47%	0.2%	0.2%
LIN	B	0.09%	0.09%	0.09%
LLY	C	0.44%	0.01%	0.01%
LOPE	D	0.17%	0.16%	0.16%
LPLA	D	0.31%	0.19%	0.19%
LRCX	F	0.25%	0.25%	0.25%
LVS	D	0.08%	0.02%	0.02%
LW	D	0.06%	0.01%	0.01%
LYV	B	0.26%	0.05%	0.05%
MA	B	0.09%	0.02%	0.02%
MANH	B	0.27%	0.18%	0.18%
MAR	C	0.33%	0.13%	0.13%
MAS	B	0.1%	0.28%	0.1%
MCO	B	0.28%	0.2%	0.2%
MEDP	F	0.18%	0.1%	0.1%
META	B	0.44%	0.08%	0.08%
MGM	F	0.21%	0.0%	0.0%
MKSI	F	0.14%	0.0%	0.0%
MLM	D	0.16%	0.14%	0.14%
MMC	C	0.27%	0.25%	0.25%
MMM	B	0.45%	0.07%	0.07%
MO	C	0.2%	0.54%	0.2%
MORN	C	0.13%	0.04%	0.04%
MPWR	C	0.28%	0.19%	0.19%
MRVL	C	0.09%	0.03%	0.03%
MSA	D	0.12%	0.02%	0.02%
MSFT	C	0.24%	0.2%	0.2%
MSGS	B	0.09%	0.03%	0.03%
MSI	B	0.39%	0.32%	0.32%
MTD	D	0.17%	0.07%	0.07%
MTSI	D	0.15%	0.04%	0.04%
MUSA	D	0.24%	0.3%	0.24%
NBIX	F	0.07%	0.12%	0.07%
NEU	D	0.05%	0.14%	0.05%
NFLX	B	0.35%	0.03%	0.03%
NNN	C	0.05%	0.06%	0.05%
NOW	B	0.28%	0.18%	0.18%
NSA	B	0.08%	0.04%	0.04%
NTAP	D	0.39%	0.52%	0.39%
NTNX	C	0.36%	0.01%	0.01%
NTRS	A	0.36%	0.06%	0.06%
NVDA	D	0.41%	0.07%	0.07%
NVR	B	0.21%	0.48%	0.21%
NYT	C	0.18%	0.16%	0.16%
OHI	B	0.15%	0.01%	0.01%
OKTA	F	0.14%	0.01%	0.01%
OLED	C	0.13%	0.08%	0.08%
OLLI	C	0.21%	0.08%	0.08%
ONTO	D	0.15%	0.08%	0.08%
ORCL	C	0.39%	0.01%	0.01%
ORLY	C	0.27%	0.28%	0.27%
OTIS	C	0.24%	0.12%	0.12%
OWL	C	0.13%	0.02%	0.02%
PANW	D	0.35%	0.11%	0.11%
PAYX	C	0.09%	0.19%	0.09%
PCAR	D	0.23%	0.4%	0.23%
PCOR	F	0.04%	0.03%	0.03%
PEP	C	0.09%	0.05%	0.05%
PG	C	0.18%	0.04%	0.04%
PH	B	0.29%	0.02%	0.02%
PHM	B	0.32%	0.68%	0.32%
PINS	F	0.22%	0.01%	0.01%
PM	C	0.31%	0.15%	0.15%
POST	C	0.23%	0.13%	0.13%
PPL	C	0.2%	0.18%	0.18%
PRI	B	0.18%	0.16%	0.16%
PSN	B	0.25%	0.17%	0.17%
PSTG	F	0.33%	0.05%	0.05%
PTC	D	0.08%	0.05%	0.05%
PWR	B	0.45%	0.15%	0.15%
RBC	C	0.04%	0.04%	0.04%
REG	C	0.05%	0.03%	0.03%
RGLD	C	0.05%	0.1%	0.05%
RL	C	0.17%	0.25%	0.17%
RLI	B	0.14%	0.12%	0.12%
RMD	C	0.11%	0.08%	0.08%
ROK	D	0.08%	0.13%	0.08%
ROL	C	0.26%	0.16%	0.16%
ROP	C	0.17%	0.12%	0.12%
ROST	C	0.37%	0.25%	0.25%
RPM	B	0.09%	0.16%	0.09%
RSG	D	0.36%	0.22%	0.22%
RYAN	D	0.19%	0.02%	0.02%
SAIA	D	0.04%	0.08%	0.04%
SAM	F	0.07%	0.02%	0.02%
SHW	B	0.1%	0.17%	0.1%
SLB	F	0.07%	0.04%	0.04%
SMAR	C	0.15%	0.01%	0.01%
SMCI	F	0.14%	0.01%	0.01%
SMG	C	0.05%	0.02%	0.02%
SNPS	D	0.21%	0.24%	0.21%
SO	B	0.2%	0.16%	0.16%
SPG	B	0.09%	0.12%	0.09%
SPGI	B	0.1%	0.06%	0.06%
SSD	D	0.05%	0.18%	0.05%
STE	C	0.19%	0.09%	0.09%
STWD	B	0.13%	0.02%	0.02%
STZ	D	0.08%	0.07%	0.07%
SYK	C	0.19%	0.07%	0.07%
TDG	B	0.37%	0.02%	0.02%
TECH	C	0.04%	0.03%	0.03%
TJX	B	0.47%	0.31%	0.31%
TMUS	C	0.29%	0.07%	0.07%
TNL	D	0.09%	0.02%	0.02%
TOL	B	0.22%	0.24%	0.22%
TOST	C	0.21%	0.01%	0.01%
TPG	B	0.1%	0.03%	0.03%
TPL	B	0.19%	0.06%	0.06%
TPX	C	0.05%	0.01%	0.01%
TRIP	F	0.04%	0.01%	0.01%
TRU	B	0.11%	0.03%	0.03%
TT	B	0.47%	0.21%	0.21%
TTD	B	0.19%	0.0%	0.0%
TTEK	C	0.24%	0.09%	0.09%
TTWO	C	0.08%	0.01%	0.01%
TW	B	0.19%	0.16%	0.16%
TXN	C	0.09%	0.09%	0.09%
TXRH	C	0.2%	0.19%	0.19%
TYL	C	0.29%	0.12%	0.12%
UBER	C	0.34%	0.01%	0.01%
UDR	C	0.1%	0.04%	0.04%
URI	B	0.39%	0.18%	0.18%
V	C	0.09%	0.03%	0.03%
VMC	D	0.08%	0.11%	0.08%
VNT	F	0.07%	0.06%	0.06%
VRSK	D	0.17%	0.11%	0.11%
VRT	C	0.42%	0.03%	0.03%
VRTX	D	0.35%	0.15%	0.15%
VST	C	0.43%	0.47%	0.43%
WAB	B	0.46%	0.16%	0.16%
WELL	C	0.21%	0.01%	0.01%
WEX	C	0.05%	0.04%	0.04%
WFRD	F	0.16%	0.04%	0.04%
WING	B	0.2%	0.05%	0.05%
WM	D	0.24%	0.22%	0.22%
WMB	B	0.26%	0.2%	0.2%
WMS	D	0.08%	0.05%	0.05%
WSC	D	0.04%	0.02%	0.02%
WSM	D	0.17%	0.22%	0.17%
WSO	C	0.26%	0.18%	0.18%
WWD	D	0.2%	0.07%	0.07%
WYNN	D	0.11%	0.01%	0.01%
XPO	D	0.17%	0.01%	0.01%
XYL	C	0.24%	0.0%	0.0%
YETI	D	0.04%	0.02%	0.02%
ZS	F	0.15%	0.01%	0.01%

FAD Overweight 351 Positions Relative to DEUS

Symbol	Grade	Weight
ERIE	B	0.49%
RCL	B	0.45%
STX	C	0.42%
SMMT	C	0.4%
PLTR	B	0.35%
CCL	C	0.32%
SFM	B	0.26%
ENSG	B	0.26%
NTRA	C	0.25%
MOG.A	B	0.25%
HALO	C	0.25%
RIVN	F	0.25%
BCO	B	0.23%
ITGR	A	0.23%
CVNA	B	0.23%
MOD	A	0.23%
INSM	D	0.23%
LNTH	D	0.22%
AVAV	C	0.22%
LNW	B	0.22%
CVLT	B	0.21%
SFBS	B	0.21%
NXPI	F	0.21%
ADMA	B	0.2%
PODD	B	0.2%
KNF	B	0.2%
HOOD	C	0.2%
ALNY	C	0.19%
PEGA	C	0.19%
BMI	A	0.19%
ZETA	C	0.19%
KTB	B	0.19%
CBT	B	0.19%
FSS	D	0.18%
AIT	A	0.18%
GKOS	C	0.18%
TKO	B	0.18%
ALHC	C	0.18%
PTGX	C	0.17%
SATS	C	0.17%
OSCR	B	0.17%
SRPT	D	0.17%
ANF	D	0.17%
DKNG	C	0.17%
HLNE	B	0.16%
CRVL	B	0.16%
CRS	B	0.16%
HWKN	C	0.16%
PRCT	C	0.16%
CNK	C	0.16%
MIRM	D	0.15%
EXLS	B	0.15%
AXSM	C	0.15%
HCC	F	0.15%
ACIW	B	0.15%
EPRT	B	0.15%
GVA	B	0.15%
QTWO	B	0.15%
HQY	C	0.15%
SMTC	C	0.14%
IBP	D	0.14%
FTDR	B	0.14%
CWST	D	0.14%
TDS	C	0.14%
ACA	B	0.14%
DUOL	B	0.14%
BPMC	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%
IRT	B	0.14%
MMSI	B	0.14%
PLNT	B	0.14%
USLM	B	0.14%
VRNS	C	0.14%
LRN	B	0.14%
RVMD	C	0.14%
POWL	C	0.14%
FOUR	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%
NCLH	C	0.13%
STRL	B	0.13%
AGIO	C	0.13%
GOLF	D	0.13%
AMRX	B	0.13%
GATX	D	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%
IOT	B	0.12%
SLG	B	0.12%
NHI	C	0.12%
TMDX	C	0.12%
ACLS	F	0.12%
AFRM	C	0.12%
CSWI	B	0.12%
AZZ	D	0.12%
EPAC	B	0.11%
MBIN	D	0.11%
PR	F	0.11%
LMAT	C	0.11%
HURN	C	0.11%
TNDM	C	0.11%
LAUR	C	0.11%
PTCT	C	0.11%
KTOS	C	0.11%
MYGN	C	0.11%
BRC	C	0.11%
ICFI	B	0.11%
KYMR	C	0.11%
RXST	C	0.11%
ESTC	F	0.11%
IONS	F	0.11%
COLL	C	0.11%
ALTR	C	0.11%
IDCC	B	0.11%
PLMR	C	0.11%
CORT	C	0.11%
CEIX	D	0.11%
EXPO	A	0.1%
TGLS	B	0.1%
AGYS	D	0.1%
HLX	F	0.1%
ALKS	C	0.1%
VERX	D	0.1%
SPR	D	0.1%
GRBK	B	0.1%
SOFI	C	0.1%
HIMS	D	0.1%
BOWL	F	0.1%
PMT	C	0.1%
GFF	D	0.1%
JWN	C	0.1%
SCS	D	0.1%
ARDX	D	0.1%
SKWD	C	0.1%
PAR	B	0.09%
BANF	B	0.09%
SYBT	A	0.09%
SBRA	C	0.09%
RYTM	B	0.09%
MSTR	D	0.09%
DSGR	B	0.09%
CRDO	D	0.09%
CARS	D	0.09%
HRI	D	0.09%
WRBY	D	0.09%
CBZ	F	0.09%
ORA	C	0.09%
FLNC	C	0.09%
MAC	B	0.09%
S	C	0.09%
CMPR	D	0.09%
BCRX	C	0.09%
AKR	B	0.09%
CAL	F	0.09%
ITCI	D	0.09%
CPRX	A	0.09%
PFGC	B	0.09%
BLKB	C	0.09%
BCPC	C	0.09%
ZWS	A	0.09%
GBX	C	0.09%
RKLB	C	0.08%
OSIS	D	0.08%
OTTR	F	0.08%
MGNI	D	0.08%
LKFN	C	0.08%
CDRE	C	0.08%
AEIS	D	0.08%
PRGS	C	0.08%
KNTK	B	0.08%
HAE	F	0.08%
ALX	B	0.08%
ACVA	B	0.08%
YOU	C	0.08%
NET	D	0.08%
CHCO	B	0.08%
CARG	B	0.08%
SMPL	D	0.08%
WMG	D	0.08%
LPG	F	0.08%
BROS	D	0.08%
ESRT	B	0.08%
SHAK	C	0.08%
INSW	D	0.08%
MRUS	D	0.08%
TNET	F	0.08%
GIII	C	0.08%
UE	B	0.08%
HASI	C	0.08%
IIPR	B	0.08%
VECO	F	0.07%
ANIP	D	0.07%
MIR	D	0.07%
EVH	C	0.07%
GH	D	0.07%
PK	D	0.07%
THR	D	0.07%
TNC	F	0.07%
GPOR	D	0.07%
LYFT	D	0.07%
DOCS	B	0.07%
MARA	F	0.07%
VGR	B	0.07%
GBDC	C	0.07%
FORM	F	0.07%
BA	F	0.07%
ENV	C	0.07%
NSSC	F	0.07%
FIZZ	D	0.07%
JJSF	C	0.07%
WABC	D	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%
CFLT	F	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%
SHC	C	0.06%
IRTC	F	0.06%
CTRE	C	0.06%
ENVX	F	0.06%
TGI	F	0.06%
HRMY	B	0.06%
IOSP	D	0.06%
AMR	F	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%
VCEL	D	0.05%
OPCH	C	0.05%
EPR	B	0.05%
DRH	C	0.05%
NOVA	C	0.05%
WDFC	C	0.05%
CELH	F	0.05%
GIC	D	0.05%
KRG	B	0.05%
SXI	C	0.05%
JOE	C	0.05%
LADR	B	0.05%
TR	C	0.05%
PRVA	F	0.05%
BOX	C	0.05%
LTC	C	0.05%
CNS	B	0.05%
EXTR	C	0.05%
AIV	B	0.05%
MLNK	C	0.05%
CCOI	C	0.05%
MYRG	F	0.04%
PGNY	F	0.04%
VCYT	B	0.04%
PDFS	F	0.04%
TENB	F	0.04%
AGL	F	0.04%
RUN	C	0.04%
XMTR	D	0.04%
NCNO	D	0.04%
BE	F	0.04%
RAMP	F	0.04%
FWRG	F	0.04%
ALRM	F	0.04%
FELE	C	0.04%
IPAR	F	0.04%
RHP	C	0.04%
ZUO	F	0.04%
WEN	C	0.04%
WTS	C	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%
AWR	B	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%
ALGM	F	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%
VC	F	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 541 Positions Relative to DEUS

Symbol	Grade	Weight
ACGL	C	-1.07%
MCK	F	-1.04%
CAH	C	-0.92%
CNC	D	-0.67%
LDOS	B	-0.65%
DHI	B	-0.62%
CBOE	C	-0.57%
CTSH	C	-0.57%
LEN	B	-0.55%
KR	C	-0.55%
ADM	D	-0.54%
HUM	F	-0.52%
RNR	C	-0.5%
EG	C	-0.5%
CINF	B	-0.49%
JBL	D	-0.46%
CMI	C	-0.45%
MKL	C	-0.41%
EBAY	B	-0.41%
TSCO	C	-0.41%
PEG	B	-0.4%
CI	C	-0.4%
BJ	D	-0.4%
SWKS	D	-0.39%
MOH	D	-0.39%
ETR	B	-0.39%
UTHR	C	-0.39%
HIG	B	-0.38%
SOLV	C	-0.36%
FTNT	C	-0.36%
PGR	B	-0.35%
NUE	F	-0.35%
RS	D	-0.33%
ELV	C	-0.33%
OC	D	-0.32%
CB	B	-0.32%
CE	F	-0.31%
WRB	C	-0.31%
CACI	B	-0.3%
TSN	C	-0.3%
SNA	C	-0.29%
ATO	B	-0.29%
NRG	C	-0.29%
GEHC	C	-0.28%
SKX	D	-0.28%
FAST	C	-0.28%
IP	B	-0.28%
AFL	C	-0.27%
CVS	D	-0.27%
T	C	-0.27%
A	C	-0.27%
STLD	F	-0.27%
PKG	B	-0.26%
SAIC	C	-0.26%
HLI	B	-0.26%
BBY	C	-0.26%
REGN	C	-0.25%
MTG	B	-0.25%
VZ	B	-0.25%
TRV	C	-0.25%
OMC	B	-0.25%
CRUS	D	-0.24%
AEP	C	-0.24%
UHS	B	-0.24%
J	C	-0.24%
SYY	D	-0.23%
SYF	C	-0.23%
DBX	D	-0.23%
GD	B	-0.23%
GM	C	-0.23%
HII	D	-0.23%
FDS	C	-0.22%
HPE	D	-0.22%
GL	C	-0.22%
KMB	D	-0.22%
FDX	C	-0.22%
CBRE	A	-0.22%
AKAM	D	-0.22%
SRE	C	-0.22%
ED	C	-0.21%
EVR	A	-0.21%
GPC	D	-0.21%
EIX	C	-0.21%
DUK	C	-0.21%
PSA	B	-0.21%
CHTR	D	-0.2%
AYI	B	-0.2%
VTRS	D	-0.2%
AMG	C	-0.2%
BG	D	-0.2%
NFG	B	-0.19%
NI	B	-0.19%
KEYS	C	-0.19%
EHC	C	-0.19%
CDW	D	-0.19%
L	C	-0.18%
CMS	C	-0.18%
OSK	F	-0.18%
DOX	C	-0.18%
SNX	D	-0.18%
MPC	F	-0.18%
VLO	F	-0.18%
FYBR	C	-0.18%
K	B	-0.18%
CTRA	D	-0.18%
EMN	B	-0.18%
TXT	D	-0.18%
DKS	D	-0.17%
SEIC	C	-0.17%
LUV	C	-0.17%
TGT	C	-0.17%
ODFL	D	-0.17%
CARR	B	-0.17%
XEL	B	-0.17%
EOG	D	-0.17%
D	C	-0.17%
PAYC	D	-0.16%
GILD	B	-0.16%
DGX	B	-0.16%
AVY	C	-0.16%
CNP	C	-0.16%
ORI	B	-0.16%
QCOM	D	-0.16%
HPQ	D	-0.16%
TROW	D	-0.16%
TER	D	-0.15%
PNR	B	-0.15%
EXC	C	-0.15%
CF	C	-0.15%
DELL	D	-0.15%
DTM	B	-0.15%
WU	F	-0.15%
CHK	D	-0.15%
MSCI	C	-0.14%
CR	C	-0.14%
DOV	B	-0.14%
QRVO	F	-0.14%
BKR	C	-0.14%
VVV	D	-0.14%
LECO	F	-0.14%
OGE	C	-0.14%
COF	B	-0.14%
CMCSA	D	-0.14%
JHG	B	-0.14%
DLTR	F	-0.14%
PYPL	B	-0.13%
WST	D	-0.13%
CSCO	C	-0.13%
AIZ	B	-0.13%
LOW	B	-0.13%
R	A	-0.13%
WEC	C	-0.13%
WDAY	D	-0.13%
FE	C	-0.13%
POOL	C	-0.13%
MCHP	F	-0.12%
BRK.A	C	-0.12%
FNF	B	-0.12%
DTE	C	-0.12%
LYB	D	-0.12%
NWSA	D	-0.12%
EVRG	B	-0.12%
RGA	C	-0.12%
KHC	C	-0.12%
JCI	B	-0.12%
IWB	B	-0.12%
EXPD	C	-0.12%
PSX	F	-0.12%
MTB	B	-0.12%
LMT	C	-0.12%
BWA	D	-0.12%
GIS	B	-0.12%
AGO	C	-0.12%
ACI	F	-0.11%
KMI	B	-0.11%
ULTA	D	-0.11%
GEV	B	-0.11%
TPR	C	-0.11%
ITW	C	-0.11%
EPAM	F	-0.11%
KEX	C	-0.11%
VICI	C	-0.11%
APD	B	-0.11%
CPB	C	-0.11%
PNC	B	-0.11%
HCA	B	-0.11%
DD	B	-0.11%
FOXA	B	-0.11%
MDLZ	B	-0.11%
UHAL	A	-0.1%
AMCR	B	-0.1%
ABBV	C	-0.1%
BLDR	C	-0.1%
DLB	D	-0.1%
COP	D	-0.1%
AFG	B	-0.1%
PNW	C	-0.1%
DE	B	-0.1%
DINO	F	-0.1%
NXST	D	-0.1%
BLK	B	-0.1%
YUM	D	-0.1%
AMP	A	-0.1%
COLM	C	-0.1%
SSNC	B	-0.1%
NDAQ	A	-0.1%
CSX	D	-0.09%
AXP	B	-0.09%
PRU	C	-0.09%
HBAN	B	-0.09%
FTV	C	-0.09%
GOOG	D	-0.09%
EQR	B	-0.09%
MDU	C	-0.09%
AEE	C	-0.09%
SBUX	C	-0.09%
EWBC	D	-0.09%
LNT	B	-0.09%
WTW	C	-0.09%
UNM	B	-0.09%
FITB	B	-0.09%
MAT	C	-0.09%
SCI	B	-0.09%
FLO	C	-0.09%
FND	C	-0.09%
TAP	D	-0.09%
JNPR	B	-0.08%
JBHT	D	-0.08%
CRI	D	-0.08%
VLTO	C	-0.08%
EXR	B	-0.08%
IPG	C	-0.08%
ACN	C	-0.08%
GGG	C	-0.08%
NEE	C	-0.08%
IEX	D	-0.08%
DOW	D	-0.08%
RF	B	-0.08%
IDXX	C	-0.08%
BX	B	-0.08%
NOC	B	-0.08%
FLS	D	-0.08%
AXS	B	-0.08%
VEEV	C	-0.08%
CIEN	C	-0.08%
RHI	D	-0.08%
USB	B	-0.08%
DG	F	-0.08%
BALL	C	-0.08%
ACM	B	-0.08%
MET	B	-0.08%
JLL	B	-0.08%
LSTR	D	-0.07%
GLW	C	-0.07%
KVUE	C	-0.07%
CFG	C	-0.07%
DFS	B	-0.07%
USFD	B	-0.07%
ALL	B	-0.07%
HOG	C	-0.07%
MDT	C	-0.07%
VSTS	D	-0.07%
RTX	C	-0.07%
MRO	C	-0.07%
WY	C	-0.07%
PVH	F	-0.07%
KDP	B	-0.07%
CCK	A	-0.07%
BURL	B	-0.07%
AVTR	B	-0.07%
F	F	-0.07%
CPNG	B	-0.07%
KEY	B	-0.06%
JNJ	C	-0.06%
WMT	C	-0.06%
CAG	C	-0.06%
GO	F	-0.06%
CME	C	-0.06%
UPS	D	-0.06%
TDY	B	-0.06%
NSC	C	-0.06%
MSM	D	-0.06%
CTVA	B	-0.06%
FOX	B	-0.06%
SN	B	-0.06%
AIG	D	-0.06%
OZK	D	-0.06%
ZTS	C	-0.06%
WPC	C	-0.06%
LHX	C	-0.06%
CLX	C	-0.06%
UNH	C	-0.06%
IQV	C	-0.06%
NVT	D	-0.06%
AMKR	F	-0.06%
JAZZ	D	-0.06%
LEA	F	-0.06%
MCD	B	-0.05%
VRSN	D	-0.05%
THO	D	-0.05%
PPC	D	-0.05%
NDSN	C	-0.05%
ALK	C	-0.05%
SPOT	B	-0.05%
MTZ	B	-0.05%
CCI	C	-0.05%
ANSS	D	-0.05%
PCG	C	-0.05%
SITE	C	-0.05%
PNFP	B	-0.05%
MHK	C	-0.05%
RPRX	C	-0.05%
NKE	D	-0.05%
WLK	D	-0.05%
OGN	D	-0.05%
ABNB	D	-0.05%
ELS	C	-0.05%
CVX	D	-0.05%
TREX	D	-0.05%
BMY	C	-0.05%
AWK	B	-0.05%
ICE	C	-0.05%
MAA	B	-0.05%
UNP	C	-0.05%
LNG	C	-0.05%
ESI	D	-0.05%
SON	C	-0.05%
LULU	D	-0.05%
SF	A	-0.05%
LSCC	D	-0.05%
AAP	F	-0.05%
GTES	C	-0.05%
WTRG	D	-0.05%
EFX	B	-0.05%
IFF	B	-0.05%
PPG	D	-0.05%
LKQ	F	-0.05%
SBAC	C	-0.05%
GPN	D	-0.05%
NWL	C	-0.04%
HOLX	B	-0.04%
OLN	D	-0.04%
ARW	C	-0.04%
TMO	B	-0.04%
PFG	B	-0.04%
DHR	B	-0.04%
REYN	C	-0.04%
FTRE	D	-0.04%
VIRT	C	-0.04%
FCX	D	-0.04%
FHN	D	-0.04%
WBD	D	-0.04%
BRKR	D	-0.04%
IDA	C	-0.04%
XOM	C	-0.04%
PRGO	D	-0.04%
ZION	D	-0.04%
BPOP	C	-0.04%
BDX	D	-0.04%
NWS	D	-0.04%
ES	C	-0.04%
CBSH	C	-0.04%
MNST	D	-0.04%
EQH	C	-0.04%
STT	A	-0.04%
TDC	F	-0.04%
SLGN	B	-0.04%
HSY	C	-0.04%
BERY	B	-0.04%
BAX	C	-0.04%
MAN	C	-0.04%
TKR	D	-0.04%
CRBG	D	-0.04%
FANG	D	-0.04%
WFC	D	-0.04%
ABT	C	-0.04%
AMED	C	-0.03%
LFUS	C	-0.03%
GAP	F	-0.03%
DIS	D	-0.03%
BXP	B	-0.03%
HES	F	-0.03%
SWK	B	-0.03%
AGCO	D	-0.03%
ALGN	D	-0.03%
TFX	C	-0.03%
STAG	C	-0.03%
VOYA	B	-0.03%
LEN	B	-0.03%
DT	C	-0.03%
KRC	B	-0.03%
GLPI	C	-0.03%
MTCH	C	-0.03%
KBR	D	-0.03%
FIS	B	-0.03%
ZBH	F	-0.03%
SLM	D	-0.03%
SPB	C	-0.03%
FTI	D	-0.03%
TEAM	D	-0.03%
FNB	C	-0.03%
TFC	C	-0.03%
CACC	F	-0.03%
SNV	C	-0.03%
SJM	C	-0.03%
BC	C	-0.03%
INCY	C	-0.03%
SCHW	D	-0.03%
HRL	C	-0.03%
MTN	D	-0.03%
FRT	C	-0.03%
MKTX	C	-0.03%
KIM	C	-0.03%
MRK	D	-0.03%
FR	B	-0.03%
QGEN	C	-0.03%
WTFC	B	-0.03%
TTC	D	-0.03%
GLOB	D	-0.03%
G	C	-0.03%
CRL	F	-0.03%
HIW	B	-0.03%
DVN	F	-0.03%
WBS	D	-0.03%
CMA	B	-0.03%
KNX	C	-0.02%
LBRDK	F	-0.02%
NOV	F	-0.02%
APTV	D	-0.02%
MASI	F	-0.02%
HAL	F	-0.02%
GS	C	-0.02%
WHR	D	-0.02%
HUN	D	-0.02%
IPGP	F	-0.02%
CACC	F	-0.02%
ARE	C	-0.02%
BEN	F	-0.02%
OMF	D	-0.02%
CNH	D	-0.02%
AMT	C	-0.02%
SCCO	D	-0.02%
FAF	B	-0.02%
PCTY	C	-0.02%
PINC	C	-0.02%
FHB	D	-0.02%
WAT	C	-0.02%
TRMB	C	-0.02%
RRX	C	-0.02%
RYN	C	-0.02%
THC	A	-0.02%
THG	B	-0.02%
AN	D	-0.02%
WH	B	-0.02%
BAC	D	-0.02%
VMI	D	-0.02%
DXC	C	-0.02%
PB	B	-0.02%
CSGP	D	-0.02%
WCC	D	-0.02%
CHRW	B	-0.02%
EQIX	C	-0.02%
ALLY	F	-0.02%
GNRC	D	-0.02%
RJF	C	-0.02%
PLD	C	-0.02%
KMX	D	-0.02%
MKC	C	-0.02%
SRCL	A	-0.02%
ASH	D	-0.02%
COLB	B	-0.02%
IVZ	B	-0.01%
CGNX	F	-0.01%
CTLT	B	-0.01%
SNOW	F	-0.01%
WAL	B	-0.01%
FMC	C	-0.01%
BBWI	F	-0.01%
PII	D	-0.01%
M	F	-0.01%
CC	F	-0.01%
DDS	F	-0.01%
SEB	D	-0.01%
BOKF	B	-0.01%
ZI	D	-0.01%
CLVT	D	-0.01%
CROX	D	-0.01%
BMRN	F	-0.01%
ON	D	-0.01%
JEF	B	-0.01%
XRAY	D	-0.01%
CNA	C	-0.01%
AGR	B	-0.01%
CLF	F	-0.01%
SNDR	B	-0.01%
DNB	C	-0.01%
UAA	C	-0.01%
ALB	D	-0.01%
REXR	C	-0.01%
MOS	F	-0.01%
DAY	D	-0.01%
LITE	B	-0.01%
CWEN	C	-0.01%
IAC	C	-0.01%
NU	B	-0.01%
ZBRA	B	-0.01%
RGEN	F	-0.01%
EL	F	-0.01%
UHAL	A	-0.01%
SEE	D	-0.01%
LPX	B	-0.01%
ST	D	-0.01%
MIDD	D	-0.01%
UA	D	-0.01%
ZM	C	-0.01%
EMR	D	-0.01%
DV	F	-0.01%
HSIC	C	-0.01%
BSY	D	-0.01%
CUZ	B	-0.01%
UGI	C	-0.01%
GXO	D	-0.01%
VFC	C	-0.01%
DXCM	F	-0.01%
X	F	-0.01%
INTC	F	-0.01%
WTM	D	-0.01%
OXY	F	-0.01%
PAG	D	-0.01%
ACHC	C	-0.01%
FIVE	D	-0.01%
O	C	-0.01%
VNO	B	-0.01%
C	C	-0.01%
AVT	C	-0.0%
GFS	F	-0.0%
RH	B	-0.0%
AZTA	F	-0.0%
HAYW	C	-0.0%
AAL	D	-0.0%
UAL	C	-0.0%