FAD vs. EQAL ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to PowerShares Russell 1000 Equal Weight Portfolio (EQAL)

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

$131.79

Average Daily Volume

5,540

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

EQAL

PowerShares Russell 1000 Equal Weight Portfolio

EQAL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 1000® Equal Weight Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Frank Russell Company (the "Index Provider") compiles and maintains the underlying index, which is composed of all of the securities in the Russell 1000® Index (the "Russell 1000") "equally weighted."

Grade (RS Rating)

Last Trade

$48.31

Average Daily Volume

21,537

Number of Holdings ^*

964

* may have additional holdings in another (foreign) market

Performance

Period	FAD	EQAL
30 Days	3.57%	2.93%
60 Days	9.26%	6.80%
90 Days	7.38%	9.08%
12 Months	35.28%	26.69%

334 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in EQAL	Overlap
AAON	B	0.2%	0.05%	0.05%
AAPL	C	0.18%	0.07%	0.07%
ADBE	F	0.16%	0.06%	0.06%
ADC	B	0.1%	0.14%	0.1%
ADI	C	0.16%	0.07%	0.07%
ADP	A	0.19%	0.05%	0.05%
ADSK	C	0.09%	0.07%	0.07%
AES	C	0.05%	0.22%	0.05%
AFRM	C	0.12%	0.05%	0.05%
AJG	D	0.36%	0.06%	0.06%
ALGM	F	0.03%	0.07%	0.03%
ALLE	A	0.05%	0.05%	0.05%
ALNY	C	0.19%	0.09%	0.09%
ALSN	A	0.25%	0.05%	0.05%
AM	A	0.17%	0.21%	0.17%
AMAT	B	0.27%	0.07%	0.07%
AMD	B	0.16%	0.07%	0.07%
AME	D	0.08%	0.04%	0.04%
AMGN	D	0.36%	0.08%	0.08%
AMH	D	0.09%	0.13%	0.09%
AMZN	C	0.33%	0.05%	0.05%
ANET	A	0.46%	0.55%	0.46%
AON	B	0.1%	0.06%	0.06%
AOS	B	0.08%	0.05%	0.05%
APG	F	0.15%	0.05%	0.05%
APH	D	0.32%	0.06%	0.06%
APO	B	0.44%	0.07%	0.07%
APP	A	0.31%	0.08%	0.08%
APPF	C	0.16%	0.07%	0.07%
ARES	A	0.28%	0.07%	0.07%
ARMK	B	0.18%	0.06%	0.06%
ATI	C	0.24%	0.05%	0.05%
ATR	A	0.18%	0.05%	0.05%
AVB	C	0.19%	0.14%	0.14%
AVGO	C	0.36%	0.07%	0.07%
AWI	A	0.19%	0.05%	0.05%
AXON	A	0.22%	0.05%	0.05%
AXTA	C	0.13%	0.05%	0.05%
AZEK	C	0.09%	0.05%	0.05%
AZO	D	0.25%	0.05%	0.05%
BA	F	0.07%	0.04%	0.04%
BAH	A	0.43%	0.05%	0.05%
BFAM	B	0.21%	0.05%	0.05%
BK	C	0.5%	0.07%	0.07%
BKNG	C	0.43%	0.05%	0.05%
BLD	D	0.09%	0.05%	0.05%
BR	B	0.26%	0.06%	0.06%
BRBR	A	0.13%	0.17%	0.13%
BRO	A	0.38%	0.07%	0.07%
BROS	F	0.08%	0.05%	0.05%
BRX	C	0.05%	0.14%	0.05%
BSX	A	0.36%	0.08%	0.08%
BWXT	A	0.18%	0.05%	0.05%
CASY	D	0.2%	0.16%	0.16%
CAT	A	0.37%	0.05%	0.05%
CCL	C	0.34%	0.06%	0.06%
CDNS	D	0.22%	0.06%	0.06%
CEG	A	0.53%	0.27%	0.27%
CELH	F	0.05%	0.16%	0.05%
CFLT	F	0.05%	0.06%	0.05%
CFR	D	0.14%	0.07%	0.07%
CHD	D	0.17%	0.16%	0.16%
CHDN	D	0.16%	0.05%	0.05%
CHE	C	0.04%	0.09%	0.04%
CHH	C	0.09%	0.06%	0.06%
CIVI	F	0.03%	0.2%	0.03%
CL	D	0.35%	0.16%	0.16%
CLH	C	0.23%	0.2%	0.2%
CMG	C	0.39%	0.05%	0.05%
CNM	F	0.11%	0.05%	0.05%
COKE	C	0.25%	0.16%	0.16%
COST	C	0.45%	0.05%	0.05%
CPAY	A	0.09%	0.05%	0.05%
CPRT	C	0.08%	0.05%	0.05%
CPT	C	0.1%	0.14%	0.1%
CRM	B	0.17%	0.07%	0.07%
CRWD	D	0.32%	0.07%	0.07%
CSL	A	0.36%	0.05%	0.05%
CTAS	C	0.28%	0.05%	0.05%
CUBE	C	0.05%	0.14%	0.05%
CVNA	A	0.28%	0.06%	0.06%
CW	A	0.25%	0.05%	0.05%
DAL	C	0.33%	0.06%	0.06%
DASH	C	0.1%	0.07%	0.07%
DCI	C	0.12%	0.05%	0.05%
DDOG	C	0.22%	0.07%	0.07%
DECK	B	0.4%	0.05%	0.05%
DKNG	D	0.17%	0.05%	0.05%
DLR	C	0.26%	0.14%	0.14%
DOC	C	0.05%	0.14%	0.05%
DOCS	A	0.07%	0.09%	0.07%
DOCU	B	0.05%	0.07%	0.05%
DPZ	D	0.27%	0.06%	0.06%
DRI	C	0.09%	0.05%	0.05%
DUOL	B	0.16%	0.06%	0.06%
DVA	C	0.24%	0.08%	0.08%
EA	D	0.17%	0.05%	0.05%
ECL	B	0.36%	0.25%	0.25%
EEFT	F	0.12%	0.05%	0.05%
EGP	D	0.05%	0.14%	0.05%
ELF	F	0.11%	0.05%	0.05%
EME	C	0.24%	0.05%	0.05%
ENTG	D	0.07%	0.07%	0.07%
EPR	C	0.05%	0.14%	0.05%
ESAB	C	0.14%	0.05%	0.05%
ESS	D	0.19%	0.13%	0.13%
ESTC	F	0.11%	0.07%	0.07%
ETN	C	0.35%	0.05%	0.05%
EW	F	0.06%	0.08%	0.06%
EXEL	B	0.14%	0.08%	0.08%
EXP	B	0.11%	0.05%	0.05%
EXPE	B	0.28%	0.06%	0.06%
FCN	C	0.17%	0.05%	0.05%
FCNCA	D	0.48%	0.06%	0.06%
FFIV	B	0.1%	0.07%	0.07%
FICO	A	0.43%	0.05%	0.05%
FIX	B	0.26%	0.05%	0.05%
FOUR	B	0.14%	0.05%	0.05%
FRPT	C	0.22%	0.16%	0.16%
FSLR	C	0.27%	0.22%	0.22%
GDDY	D	0.47%	0.07%	0.07%
GE	C	0.49%	0.05%	0.05%
GNTX	D	0.11%	0.06%	0.06%
GOOGL	B	0.37%	0.07%	0.07%
GPK	D	0.09%	0.05%	0.05%
GRMN	D	0.45%	0.05%	0.05%
GWRE	A	0.21%	0.07%	0.07%
GWW	B	0.19%	0.05%	0.05%
H	C	0.2%	0.05%	0.05%
HAS	A	0.15%	0.06%	0.06%
HD	A	0.09%	0.06%	0.06%
HEI	C	0.5%	0.05%	0.05%
HLT	B	0.43%	0.05%	0.05%
HON	C	0.16%	0.04%	0.04%
HOOD	C	0.2%	0.07%	0.07%
HRB	C	0.24%	0.05%	0.05%
HST	D	0.08%	0.15%	0.08%
HUBB	B	0.19%	0.05%	0.05%
HUBS	D	0.07%	0.07%	0.07%
HWM	A	0.53%	0.05%	0.05%
HXL	F	0.04%	0.24%	0.04%
IBKR	A	0.23%	0.07%	0.07%
IBM	A	0.21%	0.07%	0.07%
INFA	D	0.07%	0.06%	0.06%
INGR	B	0.14%	0.16%	0.14%
INTU	F	0.24%	0.06%	0.06%
INVH	F	0.17%	0.14%	0.14%
IONS	F	0.11%	0.08%	0.08%
IR	B	0.36%	0.05%	0.05%
IRM	A	0.55%	0.14%	0.14%
ISRG	C	0.37%	0.08%	0.08%
IT	B	0.19%	0.07%	0.07%
ITCI	D	0.09%	0.08%	0.08%
ITT	C	0.19%	0.05%	0.05%
JKHY	A	0.04%	0.05%	0.04%
JPM	D	0.43%	0.06%	0.06%
JWN	D	0.1%	0.05%	0.05%
KD	F	0.18%	0.06%	0.06%
KKR	C	0.52%	0.07%	0.07%
KLAC	B	0.31%	0.07%	0.07%
KNSL	C	0.1%	0.06%	0.06%
KO	C	0.19%	0.16%	0.16%
LAMR	C	0.14%	0.15%	0.14%
LII	C	0.48%	0.05%	0.05%
LIN	B	0.09%	0.25%	0.09%
LLY	D	0.42%	0.08%	0.08%
LNW	F	0.22%	0.05%	0.05%
LOPE	D	0.17%	0.05%	0.05%
LPLA	C	0.33%	0.07%	0.07%
LRCX	D	0.24%	0.07%	0.07%
LVS	B	0.08%	0.07%	0.07%
LW	D	0.06%	0.17%	0.06%
LYFT	D	0.07%	0.06%	0.06%
LYV	B	0.27%	0.06%	0.06%
MA	A	0.09%	0.05%	0.05%
MANH	C	0.28%	0.07%	0.07%
MAR	B	0.33%	0.06%	0.06%
MAS	A	0.1%	0.05%	0.05%
MCO	D	0.28%	0.06%	0.06%
MEDP	F	0.18%	0.08%	0.08%
META	A	0.46%	0.07%	0.07%
MGM	C	0.2%	0.06%	0.06%
MKSI	F	0.14%	0.05%	0.05%
MLM	F	0.17%	0.05%	0.05%
MMC	D	0.26%	0.06%	0.06%
MMM	C	0.44%	0.05%	0.05%
MO	D	0.19%	0.16%	0.16%
MORN	C	0.13%	0.07%	0.07%
MPWR	B	0.26%	0.07%	0.07%
MRVL	B	0.08%	0.06%	0.06%
MSA	F	0.12%	0.05%	0.05%
MSFT	D	0.24%	0.06%	0.06%
MSGS	A	0.09%	0.06%	0.06%
MSI	A	0.39%	0.52%	0.39%
MSTR	B	0.09%	0.08%	0.08%
MTD	B	0.17%	0.05%	0.05%
MTSI	C	0.16%	0.07%	0.07%
MUSA	D	0.22%	0.05%	0.05%
NBIX	F	0.07%	0.08%	0.07%
NCLH	C	0.14%	0.06%	0.06%
NCNO	D	0.04%	0.07%	0.04%
NET	D	0.08%	0.06%	0.06%
NEU	F	0.04%	0.24%	0.04%
NFLX	B	0.35%	0.05%	0.05%
NNN	A	0.05%	0.14%	0.05%
NOW	C	0.29%	0.06%	0.06%
NSA	C	0.08%	0.14%	0.08%
NTAP	D	0.4%	0.07%	0.07%
NTNX	C	0.36%	0.06%	0.06%
NTRA	B	0.23%	0.08%	0.08%
NTRS	C	0.36%	0.07%	0.07%
NVDA	B	0.39%	0.06%	0.06%
NVR	C	0.21%	0.06%	0.06%
NYT	C	0.18%	0.05%	0.05%
OHI	C	0.15%	0.14%	0.14%
OKTA	F	0.14%	0.06%	0.06%
OLED	C	0.12%	0.06%	0.06%
OLLI	C	0.21%	0.05%	0.05%
ONTO	C	0.15%	0.07%	0.07%
ORCL	C	0.39%	0.07%	0.07%
ORLY	A	0.26%	0.05%	0.05%
OTIS	A	0.24%	0.05%	0.05%
OWL	A	0.13%	0.07%	0.07%
PANW	D	0.34%	0.06%	0.06%
PAYX	A	0.09%	0.05%	0.05%
PCAR	C	0.23%	0.05%	0.05%
PCOR	D	0.04%	0.07%	0.04%
PEGA	C	0.19%	0.07%	0.07%
PEP	F	0.08%	0.16%	0.08%
PFGC	A	0.1%	0.17%	0.1%
PG	D	0.18%	0.16%	0.16%
PH	B	0.3%	0.05%	0.05%
PHM	A	0.32%	0.06%	0.06%
PINS	D	0.23%	0.07%	0.07%
PK	D	0.07%	0.15%	0.07%
PLNT	B	0.14%	0.05%	0.05%
PLTR	A	0.36%	0.07%	0.07%
PM	D	0.29%	0.16%	0.16%
PODD	C	0.2%	0.08%	0.08%
POST	D	0.23%	0.16%	0.16%
PPL	B	0.2%	0.21%	0.2%
PR	D	0.11%	0.21%	0.11%
PRI	A	0.18%	0.07%	0.07%
PSN	A	0.25%	0.07%	0.07%
PSTG	F	0.32%	0.06%	0.06%
PTC	D	0.08%	0.06%	0.06%
PWR	B	0.48%	0.05%	0.05%
RBC	C	0.05%	0.25%	0.05%
RCL	C	0.46%	0.06%	0.06%
REG	C	0.05%	0.14%	0.05%
RGLD	C	0.05%	0.24%	0.05%
RIVN	F	0.22%	0.04%	0.04%
RKT	D	0.03%	0.06%	0.03%
RL	B	0.17%	0.06%	0.06%
RLI	A	0.13%	0.07%	0.07%
RMD	C	0.1%	0.08%	0.08%
RNG	D	0.03%	0.07%	0.03%
ROK	C	0.08%	0.05%	0.05%
ROL	C	0.25%	0.05%	0.05%
ROP	C	0.16%	0.06%	0.06%
ROST	D	0.34%	0.05%	0.05%
RPM	B	0.09%	0.05%	0.05%
RSG	C	0.35%	0.2%	0.2%
RYAN	A	0.18%	0.07%	0.07%
S	D	0.09%	0.07%	0.07%
SAIA	D	0.04%	0.05%	0.04%
SAM	C	0.07%	0.17%	0.07%
SHC	C	0.06%	0.08%	0.06%
SHW	B	0.1%	0.05%	0.05%
SLB	D	0.07%	0.22%	0.07%
SMAR	A	0.15%	0.07%	0.07%
SMCI	F	0.14%	0.06%	0.06%
SMG	B	0.06%	0.31%	0.06%
SNPS	F	0.21%	0.07%	0.07%
SO	A	0.19%	0.21%	0.19%
SOFI	C	0.1%	0.07%	0.07%
SPG	A	0.09%	0.14%	0.09%
SPGI	B	0.09%	0.06%	0.06%
SPR	F	0.1%	0.05%	0.05%
SRPT	F	0.16%	0.08%	0.08%
SSD	B	0.05%	0.05%	0.05%
STE	D	0.18%	0.08%	0.08%
STWD	C	0.14%	0.06%	0.06%
STZ	D	0.08%	0.17%	0.08%
SYK	C	0.18%	0.08%	0.08%
TDG	B	0.37%	0.05%	0.05%
TECH	D	0.04%	0.09%	0.04%
TJX	D	0.44%	0.05%	0.05%
TKO	A	0.19%	0.06%	0.06%
TMUS	A	0.28%	0.52%	0.28%
TNL	C	0.09%	0.06%	0.06%
TOL	A	0.22%	0.06%	0.06%
TOST	C	0.22%	0.07%	0.07%
TPG	B	0.1%	0.07%	0.07%
TPL	A	0.21%	0.22%	0.21%
TPX	C	0.05%	0.06%	0.05%
TRIP	F	0.04%	0.06%	0.04%
TRU	A	0.11%	0.05%	0.05%
TT	A	0.49%	0.05%	0.05%
TTD	A	0.18%	0.06%	0.06%
TTEK	A	0.23%	0.05%	0.05%
TTWO	F	0.08%	0.05%	0.05%
TW	A	0.19%	0.07%	0.07%
TXN	C	0.08%	0.06%	0.06%
TXRH	C	0.21%	0.06%	0.06%
TYL	B	0.28%	0.06%	0.06%
UBER	C	0.34%	0.06%	0.06%
UDR	C	0.09%	0.14%	0.09%
URI	C	0.41%	0.05%	0.05%
V	C	0.09%	0.04%	0.04%
VMC	D	0.08%	0.05%	0.05%
VNT	F	0.07%	0.05%	0.05%
VRSK	C	0.16%	0.04%	0.04%
VRT	B	0.46%	0.07%	0.07%
VRTX	D	0.33%	0.08%	0.08%
VST	B	0.54%	0.3%	0.3%
WAB	A	0.47%	0.05%	0.05%
WELL	C	0.2%	0.14%	0.14%
WEN	D	0.04%	0.05%	0.04%
WEX	C	0.05%	0.05%	0.05%
WFRD	F	0.16%	0.19%	0.16%
WING	C	0.21%	0.05%	0.05%
WM	B	0.24%	0.2%	0.2%
WMB	A	0.26%	0.2%	0.2%
WMS	D	0.08%	0.05%	0.05%
WSC	D	0.04%	0.04%	0.04%
WSM	B	0.18%	0.06%	0.06%
WSO	C	0.26%	0.05%	0.05%
WWD	C	0.2%	0.05%	0.05%
WYNN	B	0.11%	0.07%	0.07%
XPO	F	0.17%	0.05%	0.05%
XYL	C	0.24%	0.05%	0.05%
YETI	C	0.04%	0.06%	0.04%
ZS	F	0.15%	0.06%	0.06%

FAD Overweight 307 Positions Relative to EQAL

Symbol	Grade	Weight
ERIE	B	0.49%
STX	B	0.43%
SMMT	C	0.27%
SFM	A	0.27%
MOD	B	0.26%
MOG.A	C	0.25%
ENSG	D	0.25%
BCO	C	0.23%
ITGR	C	0.23%
LNTH	C	0.23%
HALO	C	0.23%
AVAV	B	0.23%
SFBS	D	0.22%
INSM	D	0.22%
KNF	C	0.21%
NXPI	F	0.21%
CVLT	C	0.21%
ADMA	C	0.21%
CBT	C	0.2%
ZETA	B	0.2%
AIT	B	0.19%
KTB	C	0.19%
BMI	A	0.19%
GKOS	C	0.18%
POWL	B	0.18%
FSS	D	0.18%
ALHC	C	0.17%
OSCR	C	0.17%
CRS	C	0.17%
SATS	C	0.17%
PRCT	C	0.16%
QTWO	C	0.16%
HWKN	C	0.16%
PI	B	0.16%
PTGX	C	0.16%
IESC	A	0.16%
ANF	F	0.16%
HLNE	A	0.16%
HCC	B	0.15%
IBP	C	0.15%
SMTC	C	0.15%
STRL	C	0.15%
SNAP	D	0.15%
PJT	C	0.15%
ACIW	B	0.15%
HQY	C	0.15%
CNK	D	0.15%
GVA	B	0.15%
ROAD	C	0.15%
EPRT	C	0.15%
CRVL	C	0.15%
USLM	C	0.15%
RVMD	B	0.14%
SPNT	D	0.14%
BPMC	F	0.14%
ACA	C	0.14%
DY	C	0.14%
IRT	D	0.14%
AXSM	C	0.14%
KAI	C	0.14%
SGBX	F	0.14%
WHD	B	0.14%
LRN	C	0.14%
RDNT	C	0.14%
MMSI	C	0.14%
VRNS	C	0.14%
EXLS	A	0.14%
CORT	B	0.13%
TMDX	D	0.13%
AGIO	D	0.13%
VRRM	D	0.13%
AMRX	B	0.13%
ITRI	C	0.13%
OSW	C	0.13%
GATX	F	0.13%
CSWI	C	0.13%
ALKT	D	0.13%
TDS	B	0.13%
TDW	F	0.13%
FTDR	C	0.13%
TBBK	B	0.13%
TRN	C	0.13%
ATGE	D	0.13%
MIRM	D	0.13%
KRYS	D	0.12%
KYMR	D	0.12%
BKD	F	0.12%
ALTR	C	0.12%
ACLS	F	0.12%
NHI	C	0.12%
SKYW	C	0.12%
GERN	D	0.12%
SLG	C	0.12%
IOT	C	0.12%
GOLF	F	0.12%
AROC	B	0.12%
CWST	D	0.12%
AZZ	C	0.12%
UFPT	D	0.12%
HURN	D	0.11%
LMAT	C	0.11%
MBIN	D	0.11%
LAUR	C	0.11%
TNDM	D	0.11%
SKWD	A	0.11%
BRC	C	0.11%
ICFI	C	0.11%
TWST	D	0.11%
KTOS	A	0.11%
PLMR	B	0.11%
CEIX	B	0.11%
COLL	B	0.11%
IDCC	A	0.11%
PTCT	C	0.11%
ZWS	A	0.1%
ALKS	B	0.1%
EXPO	A	0.1%
HRI	C	0.1%
HIMS	C	0.1%
GBX	C	0.1%
PMT	C	0.1%
AGYS	D	0.1%
GRBK	C	0.1%
VERX	A	0.1%
RXST	F	0.1%
HLX	B	0.1%
EPAC	C	0.1%
GFF	C	0.1%
MYGN	D	0.1%
WRBY	C	0.09%
ORA	C	0.09%
RYTM	C	0.09%
SBRA	C	0.09%
CBZ	F	0.09%
IIPR	C	0.09%
BCRX	D	0.09%
FLNC	C	0.09%
DSGR	C	0.09%
CRDO	B	0.09%
SYBT	D	0.09%
AKR	C	0.09%
CAL	F	0.09%
BLKB	C	0.09%
CPRX	C	0.09%
CMPR	F	0.09%
TGLS	A	0.09%
MAC	C	0.09%
BCPC	C	0.09%
BOWL	F	0.09%
ARDX	D	0.09%
SCS	F	0.09%
NSSC	F	0.08%
HAE	D	0.08%
LKFN	F	0.08%
AEIS	D	0.08%
MRUS	D	0.08%
CDRE	C	0.08%
SMPL	D	0.08%
LPG	F	0.08%
CHCO	D	0.08%
ACVA	C	0.08%
CARG	C	0.08%
TNET	F	0.08%
KNTK	A	0.08%
UE	C	0.08%
INSW	B	0.08%
AESI	B	0.08%
GIII	D	0.08%
HASI	B	0.08%
ESRT	C	0.08%
SHAK	C	0.08%
WMG	C	0.08%
PAR	D	0.08%
YOU	C	0.08%
CARS	F	0.08%
BANF	D	0.08%
ANIP	F	0.07%
TNC	F	0.07%
MARA	F	0.07%
GBDC	B	0.07%
VGR	B	0.07%
DFH	C	0.07%
THR	F	0.07%
MGNI	D	0.07%
FORM	F	0.07%
GPOR	B	0.07%
ENV	B	0.07%
MIR	B	0.07%
AGM	F	0.07%
WABC	F	0.07%
JJSF	C	0.07%
PRGS	B	0.07%
FIZZ	F	0.07%
OSIS	C	0.07%
OTTR	F	0.07%
SWI	C	0.07%
RKLB	B	0.07%
ALX	D	0.07%
JBI	F	0.06%
SKT	A	0.06%
IVT	B	0.06%
GH	F	0.06%
ESE	C	0.06%
PDFS	F	0.06%
FA	A	0.06%
SABR	C	0.06%
CTRE	C	0.06%
NABL	F	0.06%
HRMY	D	0.06%
OUT	C	0.06%
TGI	F	0.06%
SITM	B	0.06%
AMR	F	0.06%
IOSP	F	0.06%
EVH	D	0.06%
VECO	F	0.06%
RHP	C	0.05%
RRR	D	0.05%
WTS	C	0.05%
OPCH	F	0.05%
VCEL	F	0.05%
WDFC	D	0.05%
PEB	D	0.05%
SHO	D	0.05%
TR	D	0.05%
KRG	C	0.05%
FOR	D	0.05%
PRVA	F	0.05%
LTC	D	0.05%
BOX	C	0.05%
LADR	D	0.05%
DRH	D	0.05%
GIC	D	0.05%
HEES	C	0.05%
MLNK	F	0.05%
CLDX	F	0.05%
ENVX	D	0.05%
SXI	C	0.05%
JOE	D	0.05%
EXTR	C	0.05%
CCOI	B	0.05%
AIV	D	0.05%
CRNX	C	0.05%
IRTC	F	0.05%
CNS	C	0.05%
VCYT	C	0.04%
RUN	D	0.04%
XMTR	D	0.04%
PDFS	F	0.04%
TENB	F	0.04%
RAMP	F	0.04%
AGL	F	0.04%
ZUO	F	0.04%
FWRG	F	0.04%
ALRM	F	0.04%
BE	F	0.04%
IPAR	F	0.04%
NOVA	D	0.04%
FELE	C	0.04%
YELP	F	0.04%
AMC	F	0.04%
ETWO	F	0.04%
CNMD	D	0.03%
PHR	F	0.03%
KW	B	0.03%
JAMF	F	0.03%
NEO	F	0.03%
IAS	F	0.03%
BANC	D	0.03%
DRVN	C	0.03%
AWR	A	0.03%
CLSK	F	0.03%
DOCN	C	0.03%
AMWD	D	0.03%
FCPT	C	0.03%
MGEE	B	0.03%
UMH	C	0.03%
DNLI	C	0.03%
TGTX	D	0.03%
INTA	C	0.03%
CWAN	C	0.03%
MYRG	F	0.03%
BASE	F	0.02%
CXM	F	0.02%
AI	F	0.02%
PLAY	D	0.02%
VC	F	0.02%
WNC	F	0.02%
NARI	F	0.02%
CTKB	F	0.02%
MCW	F	0.02%
GTX	F	0.02%
PLAB	D	0.02%
UPWK	D	0.02%
MTRN	F	0.02%
EVTC	C	0.02%
NTST	D	0.02%
UEC	B	0.02%
ROCK	D	0.02%
ALG	F	0.02%
WINA	D	0.02%
BEAM	F	0.02%
PLYM	D	0.02%
LMND	F	0.02%
PGNY	F	0.02%
DBRG	D	0.02%
RES	B	0.02%

FAD Underweight 630 Positions Relative to EQAL

Symbol	Grade	Weight
LBRDK	B	-0.66%
IRDM	B	-0.61%
LITE	A	-0.61%
CIEN	A	-0.58%
UI	A	-0.56%
CSCO	A	-0.55%
CMCSA	C	-0.54%
VZ	B	-0.53%
JNPR	B	-0.52%
T	A	-0.52%
FYBR	C	-0.51%
ROKU	B	-0.51%
CHTR	D	-0.49%
MP	B	-0.32%
FCX	B	-0.3%
AA	B	-0.3%
CC	D	-0.29%
SCCO	B	-0.29%
STLD	B	-0.28%
CE	C	-0.28%
OLN	C	-0.28%
CLF	F	-0.27%
EMN	C	-0.27%
HUN	C	-0.27%
RS	D	-0.26%
FMC	C	-0.26%
ESI	C	-0.26%
NUE	C	-0.26%
APD	C	-0.26%
MOS	F	-0.26%
TKR	D	-0.26%
ALB	D	-0.26%
CF	A	-0.26%
WLK	C	-0.26%
AVY	D	-0.25%
NEM	C	-0.25%
IP	C	-0.25%
IFF	C	-0.25%
X	F	-0.25%
LYB	F	-0.25%
ASH	F	-0.25%
FAST	C	-0.25%
EQT	B	-0.23%
CHK	D	-0.23%
NRG	A	-0.23%
SWN	D	-0.23%
RRC	C	-0.22%
ETR	A	-0.22%
KMI	A	-0.22%
FTI	B	-0.22%
CWEN	C	-0.22%
AR	B	-0.22%
ENPH	F	-0.22%
BKR	B	-0.22%
NEE	A	-0.21%
EXC	A	-0.21%
MPC	C	-0.21%
LNG	A	-0.21%
VLO	F	-0.21%
CMS	A	-0.21%
COP	D	-0.21%
SRE	B	-0.21%
MRO	C	-0.21%
OGE	A	-0.21%
NI	A	-0.21%
ATO	A	-0.21%
HAL	D	-0.21%
DTE	A	-0.21%
DINO	D	-0.21%
NFG	A	-0.21%
EIX	B	-0.21%
EVRG	C	-0.21%
DTM	A	-0.21%
LNT	A	-0.21%
APA	F	-0.21%
EOG	B	-0.21%
AEE	A	-0.21%
XOM	A	-0.21%
CTRA	D	-0.21%
PSX	D	-0.21%
CVX	B	-0.21%
HES	C	-0.21%
UGI	C	-0.21%
CNP	B	-0.21%
PEG	A	-0.21%
DVN	F	-0.2%
AWK	C	-0.2%
CHRD	F	-0.2%
SRCL	A	-0.2%
AEP	C	-0.2%
PNW	B	-0.2%
OVV	D	-0.2%
MTDR	F	-0.2%
OKE	A	-0.2%
FANG	C	-0.2%
NOV	F	-0.2%
D	A	-0.2%
FE	C	-0.2%
DUK	B	-0.2%
ES	D	-0.2%
AGR	B	-0.2%
TRGP	A	-0.2%
OXY	D	-0.2%
WTRG	D	-0.2%
IDA	D	-0.2%
WEC	A	-0.2%
ED	A	-0.2%
PCG	C	-0.2%
XEL	B	-0.2%
GO	F	-0.18%
DAR	F	-0.18%
NFE	F	-0.18%
CAG	D	-0.17%
KR	C	-0.17%
WBA	F	-0.17%
MNST	D	-0.17%
KHC	F	-0.17%
SPB	C	-0.17%
SJM	D	-0.17%
CTVA	A	-0.17%
CVS	C	-0.17%
PPC	D	-0.17%
TAP	D	-0.17%
TSN	D	-0.16%
KRC	C	-0.16%
ACI	F	-0.16%
HSY	F	-0.16%
REYN	D	-0.16%
CLX	C	-0.16%
HRL	F	-0.16%
CPB	D	-0.16%
MDLZ	D	-0.16%
MKC	C	-0.16%
KMB	D	-0.16%
ADM	F	-0.16%
K	A	-0.16%
Z	C	-0.16%
KVUE	C	-0.16%
SEB	F	-0.16%
KDP	C	-0.16%
BG	F	-0.16%
USFD	C	-0.16%
SYY	C	-0.16%
FLO	D	-0.16%
GIS	C	-0.16%
CBRE	B	-0.15%
HHH	C	-0.15%
JLL	C	-0.15%
MPW	C	-0.15%
SEG	D	-0.15%
WY	C	-0.15%
VNO	B	-0.15%
MCK	F	-0.15%
CSGP	F	-0.14%
PLD	D	-0.14%
KIM	C	-0.14%
AMT	C	-0.14%
GLPI	A	-0.14%
CCI	C	-0.14%
VTR	C	-0.14%
FRT	D	-0.14%
VICI	C	-0.14%
COLD	D	-0.14%
ARE	D	-0.14%
PSA	C	-0.14%
SBAC	C	-0.14%
STAG	D	-0.14%
EXR	C	-0.14%
O	A	-0.14%
CUZ	C	-0.14%
FR	D	-0.14%
WPC	C	-0.14%
HIW	C	-0.14%
EQIX	C	-0.14%
REXR	D	-0.14%
RYN	C	-0.14%
BXP	C	-0.14%
SUI	D	-0.13%
ELS	D	-0.13%
EQR	C	-0.13%
MAA	D	-0.13%
MASI	B	-0.1%
WST	D	-0.09%
TMO	D	-0.09%
HSIC	D	-0.09%
CTLT	A	-0.09%
AZTA	F	-0.09%
DHR	D	-0.09%
BMY	B	-0.09%
A	B	-0.09%
EHC	B	-0.09%
BRKR	D	-0.09%
NVST	D	-0.09%
CERT	F	-0.09%
GEHC	C	-0.09%
UTHR	C	-0.09%
WAT	B	-0.09%
ALGN	D	-0.09%
COHR	A	-0.08%
ELV	F	-0.08%
RARE	D	-0.08%
MRNA	F	-0.08%
OGN	F	-0.08%
LSCC	D	-0.08%
MU	D	-0.08%
INTC	D	-0.08%
PRGO	F	-0.08%
PEN	D	-0.08%
VEEV	C	-0.08%
FTRE	F	-0.08%
MOH	F	-0.08%
WOLF	F	-0.08%
AVTR	D	-0.08%
DXCM	F	-0.08%
CI	D	-0.08%
EXAS	C	-0.08%
JNJ	D	-0.08%
VKTX	B	-0.08%
IDXX	D	-0.08%
VTRS	D	-0.08%
BIIB	F	-0.08%
SOLV	C	-0.08%
HUM	F	-0.08%
IQV	F	-0.08%
MRK	F	-0.08%
BAX	D	-0.08%
UNH	B	-0.08%
MDT	C	-0.08%
UHS	D	-0.08%
INSP	C	-0.08%
ELAN	C	-0.08%
CNC	F	-0.08%
PFE	D	-0.08%
DGX	C	-0.08%
CAH	B	-0.08%
GMED	D	-0.08%
RCM	B	-0.08%
ABBV	A	-0.08%
ABT	C	-0.08%
AMED	D	-0.08%
HOLX	D	-0.08%
INCY	B	-0.08%
TXG	F	-0.08%
GILD	A	-0.08%
ENOV	F	-0.08%
RPRX	D	-0.08%
XRAY	D	-0.08%
TFX	C	-0.08%
CRL	F	-0.08%
ZTS	C	-0.08%
BDX	C	-0.08%
QGEN	D	-0.08%
RGEN	F	-0.08%
ZBH	F	-0.08%
HCA	C	-0.08%
ILMN	B	-0.08%
BIO	B	-0.08%
THC	D	-0.08%
JAZZ	F	-0.08%
PINC	F	-0.08%
CDW	D	-0.07%
MSCI	B	-0.07%
CAR	F	-0.07%
FNF	B	-0.07%
PNC	C	-0.07%
MTG	B	-0.07%
HBAN	D	-0.07%
KEY	C	-0.07%
FTNT	B	-0.07%
GS	D	-0.07%
BSY	D	-0.07%
CB	B	-0.07%
BOKF	D	-0.07%
APLS	F	-0.07%
LDOS	A	-0.07%
KBR	B	-0.07%
RJF	B	-0.07%
PFG	C	-0.07%
DBX	B	-0.07%
DFS	C	-0.07%
EPAM	F	-0.07%
ZM	C	-0.07%
ON	F	-0.07%
DT	B	-0.07%
HLI	B	-0.07%
TER	C	-0.07%
FITB	C	-0.07%
SCHW	D	-0.07%
CNA	D	-0.07%
TROW	D	-0.07%
AIZ	B	-0.07%
CME	A	-0.07%
CMA	C	-0.07%
W	D	-0.07%
PNFP	D	-0.07%
RF	C	-0.07%
CRBG	C	-0.07%
MCHP	F	-0.07%
AXS	A	-0.07%
ACGL	A	-0.07%
ACHC	F	-0.07%
OMF	F	-0.07%
BEN	F	-0.07%
BX	C	-0.07%
MTB	C	-0.07%
JEF	A	-0.07%
HPQ	C	-0.07%
BRK.A	C	-0.07%
CACC	F	-0.07%
TRV	C	-0.07%
PATH	F	-0.07%
DELL	C	-0.07%
ALLY	F	-0.07%
GLW	C	-0.07%
DOX	B	-0.07%
CTSH	B	-0.07%
FDS	C	-0.07%
EQH	C	-0.07%
STT	C	-0.07%
BLK	A	-0.07%
ZION	D	-0.07%
SNX	D	-0.07%
WTW	C	-0.07%
HIG	B	-0.07%
LNC	D	-0.07%
MTCH	B	-0.07%
AKAM	D	-0.07%
DLB	C	-0.07%
UNM	A	-0.07%
JHG	B	-0.07%
C	C	-0.07%
AVT	C	-0.07%
WBS	D	-0.07%
AMG	B	-0.07%
WTFC	C	-0.07%
ARW	C	-0.07%
EVR	C	-0.07%
WFC	F	-0.07%
TDC	D	-0.07%
WAL	C	-0.07%
WDC	C	-0.07%
EWBC	D	-0.07%
RH	C	-0.07%
CACI	A	-0.07%
CLVT	D	-0.07%
SF	A	-0.07%
SLM	C	-0.07%
USB	D	-0.07%
COLB	C	-0.07%
MET	B	-0.07%
IAC	D	-0.07%
IVZ	B	-0.07%
CG	B	-0.07%
RNR	A	-0.07%
TWLO	B	-0.07%
IPGP	D	-0.07%
REGN	D	-0.07%
JBL	C	-0.07%
COIN	F	-0.07%
HPE	B	-0.07%
U	D	-0.07%
MAT	D	-0.06%
BIRK	F	-0.06%
POOL	B	-0.06%
COTY	F	-0.06%
PVH	F	-0.06%
VAC	D	-0.06%
AN	D	-0.06%
KSS	D	-0.06%
PLTK	C	-0.06%
DIS	D	-0.06%
LULU	D	-0.06%
DLTR	F	-0.06%
LEA	F	-0.06%
OMC	C	-0.06%
BYD	C	-0.06%
ABNB	D	-0.06%
SITE	D	-0.06%
MDB	D	-0.06%
GME	D	-0.06%
DJT	F	-0.06%
ETSY	F	-0.06%
TPR	C	-0.06%
APTV	D	-0.06%
NWL	F	-0.06%
CRUS	D	-0.06%
LOW	A	-0.06%
SPOT	C	-0.06%
FND	C	-0.06%
CPNG	C	-0.06%
HOG	D	-0.06%
UAL	B	-0.06%
CROX	C	-0.06%
LEG	D	-0.06%
WBD	D	-0.06%
TSLA	C	-0.06%
VFC	B	-0.06%
AIG	F	-0.06%
UWMC	D	-0.06%
CZR	B	-0.06%
NKE	D	-0.06%
WHR	C	-0.06%
ANSS	D	-0.06%
GTLB	D	-0.06%
BWA	C	-0.06%
THO	C	-0.06%
NU	D	-0.06%
UHAL	B	-0.06%
HCP	A	-0.06%
WDAY	D	-0.06%
XP	F	-0.06%
AGO	B	-0.06%
MKL	D	-0.06%
CBOE	B	-0.06%
TEAM	D	-0.06%
FOXA	A	-0.06%
QRVO	F	-0.06%
DV	F	-0.06%
SWKS	F	-0.06%
EL	D	-0.06%
DDS	D	-0.06%
BBWI	F	-0.06%
L	D	-0.06%
KMPR	D	-0.06%
CBSH	D	-0.06%
PRU	C	-0.06%
ICE	A	-0.06%
RGA	C	-0.06%
BHF	F	-0.06%
TFSL	F	-0.06%
EG	B	-0.06%
WTM	C	-0.06%
PB	D	-0.06%
DXC	B	-0.06%
VIRT	B	-0.06%
MKTX	B	-0.06%
PAYC	D	-0.06%
GLOB	C	-0.06%
SSNC	C	-0.06%
PYCR	D	-0.06%
VRSN	B	-0.06%
NDAQ	B	-0.06%
SNOW	F	-0.06%
WRB	C	-0.06%
SEIC	B	-0.06%
SNV	D	-0.06%
CINF	A	-0.06%
AFG	B	-0.06%
AMP	A	-0.06%
FHB	D	-0.06%
UAA	B	-0.06%
PGR	C	-0.06%
DNB	D	-0.06%
THG	C	-0.06%
FHN	D	-0.06%
FAF	C	-0.06%
ALL	C	-0.06%
SAIC	A	-0.06%
BAC	D	-0.06%
MS	B	-0.06%
DAY	B	-0.06%
FNB	D	-0.06%
LAD	C	-0.06%
GFS	F	-0.06%
BPOP	D	-0.06%
ZI	D	-0.06%
GL	C	-0.06%
TFC	D	-0.06%
BMRN	F	-0.06%
QCOM	C	-0.06%
AGNC	C	-0.06%
AFL	A	-0.06%
ORI	B	-0.06%
VOYA	A	-0.06%
OZK	D	-0.06%
FIVN	F	-0.06%
CFG	D	-0.06%
AMKR	F	-0.06%
EFX	C	-0.05%
CSX	D	-0.05%
LSTR	F	-0.05%
PPG	D	-0.05%
LHX	A	-0.05%
DOV	B	-0.05%
IEX	D	-0.05%
KEX	C	-0.05%
RHI	D	-0.05%
FDX	D	-0.05%
G	A	-0.05%
HII	F	-0.05%
VMI	B	-0.05%
SQ	D	-0.05%
FLS	A	-0.05%
VSTS	D	-0.05%
NOC	B	-0.05%
SNA	A	-0.05%
COF	C	-0.05%
FI	A	-0.05%
LMT	A	-0.05%
FTV	C	-0.05%
ITW	B	-0.05%
UNP	D	-0.05%
FIS	B	-0.05%
MDU	C	-0.05%
LCID	D	-0.05%
GXO	D	-0.05%
GTES	C	-0.05%
DE	B	-0.05%
NSC	D	-0.05%
VLTO	A	-0.05%
AYI	A	-0.05%
SNDR	C	-0.05%
CR	B	-0.05%
TTC	D	-0.05%
GGG	C	-0.05%
UPS	D	-0.05%
MSM	D	-0.05%
SYF	B	-0.05%
TRMB	B	-0.05%
CCK	C	-0.05%
CGNX	F	-0.05%
JBHT	D	-0.05%
CNH	D	-0.05%
NWSA	D	-0.05%
BALL	C	-0.05%
MHK	B	-0.05%
TREX	D	-0.05%
DD	C	-0.05%
BILL	D	-0.05%
MTZ	B	-0.05%
GNRC	B	-0.05%
ODFL	F	-0.05%
MIDD	D	-0.05%
CARR	A	-0.05%
PNR	B	-0.05%
NDSN	C	-0.05%
GPC	D	-0.05%
BERY	C	-0.05%
JCI	C	-0.05%
TDY	A	-0.05%
AL	D	-0.05%
EMR	B	-0.05%
MTN	D	-0.05%
OC	C	-0.05%
ACN	B	-0.05%
LFUS	D	-0.05%
KNX	D	-0.05%
COLM	D	-0.05%
ST	F	-0.05%
BURL	D	-0.05%
RTX	A	-0.05%
BC	D	-0.05%
AMCR	C	-0.05%
TSCO	B	-0.05%
RBLX	D	-0.05%
LECO	F	-0.05%
DOW	B	-0.05%
HAYW	C	-0.05%
CNXC	F	-0.05%
NVT	D	-0.05%
ACM	A	-0.05%
RBA	D	-0.05%
PKG	B	-0.05%
AGCO	D	-0.05%
AAL	D	-0.05%
WCC	D	-0.05%
SLGN	C	-0.05%
SBUX	C	-0.05%
SEE	D	-0.05%
BLDR	B	-0.05%
CRI	D	-0.05%
PYPL	C	-0.05%
KEYS	C	-0.05%
CMI	A	-0.05%
J	F	-0.05%
YUM	B	-0.05%
DKS	D	-0.05%
AXP	B	-0.05%
SWK	C	-0.05%
SW	C	-0.05%
PCTY	B	-0.05%
FIVE	D	-0.05%
RRX	C	-0.05%
WMT	A	-0.05%
LUV	B	-0.05%
CPRI	B	-0.05%
GM	D	-0.05%
DHI	C	-0.05%
ULTA	D	-0.05%
EBAY	A	-0.05%
R	C	-0.05%
F	D	-0.05%
BJ	C	-0.05%
LKQ	F	-0.05%
NXST	F	-0.05%
PARA	F	-0.05%
IPG	D	-0.05%
PAG	D	-0.05%
GEV	A	-0.05%
LEN	B	-0.05%
TGT	D	-0.05%
SKX	D	-0.05%
KMX	F	-0.05%
ALK	C	-0.05%
QS	F	-0.05%
SCI	D	-0.05%
M	F	-0.05%
MCD	A	-0.05%
SN	A	-0.05%
LPX	C	-0.05%
CHRW	C	-0.05%
GAP	F	-0.05%
VVV	F	-0.05%
ZBRA	C	-0.05%
PII	D	-0.05%
AAP	F	-0.05%
DG	F	-0.05%
PENN	D	-0.05%
BBY	C	-0.05%
WH	C	-0.05%
SON	D	-0.04%
GPN	F	-0.04%
WU	D	-0.04%
GD	C	-0.04%
OSK	F	-0.04%
ADTN	C	-0.04%
TXT	F	-0.04%
CXT	F	-0.04%
EXPD	D	-0.04%
MAN	D	-0.04%