FAD vs. FNX ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to First Trust Mid Cap Core AlphaDEX (FNX)

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

$130.11

Average Daily Volume

4,911

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

FNX

First Trust Mid Cap Core AlphaDEX

FNX 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 Mid Cap Core 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 MidCap 400(R) 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

$114.45

Average Daily Volume

26,494

Number of Holdings ^*

439

* may have additional holdings in another (foreign) market

Performance

Period	FAD	FNX
30 Days	3.07%	1.58%
60 Days	3.56%	1.35%
90 Days	5.65%	6.12%
12 Months	26.63%	22.21%

192 Overlapping Holdings

	Symbol	Grade	Weight in FAD	Weight in FNX	Overlap
	AAON	A	0.18%	0.29%	0.18%
	ACA	C	0.13%	0.14%	0.13%
	ACLS	F	0.12%	0.15%	0.12%
	ADC	B	0.11%	0.09%	0.09%
	AEIS	D	0.08%	0.06%	0.06%
	AES	C	0.04%	0.07%	0.04%
	AFRM	C	0.11%	0.1%	0.1%
	AIT	C	0.18%	0.29%	0.18%
	ALGM	D	0.03%	0.06%	0.03%
	ALKS	C	0.1%	0.08%	0.08%
	ALSN	B	0.25%	0.33%	0.25%
	ALTR	D	0.11%	0.19%	0.11%
	AM	B	0.17%	0.21%	0.17%
	AMR	F	0.06%	0.05%	0.05%
	ANF	D	0.16%	0.28%	0.16%
	AOS	D	0.08%	0.07%	0.07%
	APG	D	0.15%	0.25%	0.15%
	APP	B	0.22%	0.38%	0.22%
	APPF	D	0.16%	0.26%	0.16%
	ARMK	B	0.19%	0.3%	0.19%
	ATI	D	0.23%	0.31%	0.23%
	ATR	A	0.19%	0.23%	0.19%
	AVAV	D	0.22%	0.38%	0.22%
	AWI	C	0.19%	0.23%	0.19%
	AXSM	C	0.15%	0.17%	0.15%
	AXTA	C	0.13%	0.22%	0.13%
	AZEK	C	0.09%	0.07%	0.07%
	BCO	B	0.23%	0.37%	0.23%
	BCPC	C	0.1%	0.08%	0.08%
	BFAM	B	0.22%	0.27%	0.22%
	BLD	D	0.08%	0.14%	0.08%
	BLKB	B	0.09%	0.08%	0.08%
	BMI	A	0.18%	0.3%	0.18%
	BOX	A	0.05%	0.09%	0.05%
	BPMC	F	0.14%	0.25%	0.14%
	BRBR	C	0.13%	0.14%	0.13%
	BRX	B	0.05%	0.08%	0.05%
	BWXT	D	0.18%	0.22%	0.18%
	CASY	C	0.22%	0.33%	0.22%
	CBT	B	0.19%	0.24%	0.19%
	CELH	F	0.05%	0.04%	0.04%
	CFLT	F	0.06%	0.1%	0.06%
	CFR	C	0.14%	0.08%	0.08%
	CHDN	B	0.17%	0.21%	0.17%
	CHH	C	0.09%	0.08%	0.08%
	CIVI	F	0.03%	0.06%	0.03%
	CLH	B	0.23%	0.3%	0.23%
	CNM	F	0.1%	0.11%	0.1%
	COKE	C	0.27%	0.45%	0.27%
	CPT	B	0.1%	0.16%	0.1%
	CRVL	B	0.16%	0.17%	0.16%
	CUBE	A	0.05%	0.08%	0.05%
	CVLT	B	0.2%	0.35%	0.2%
	CVNA	B	0.23%	0.4%	0.23%
	CW	B	0.24%	0.32%	0.24%
	CWST	A	0.14%	0.15%	0.14%
	DCI	D	0.13%	0.14%	0.13%
	DUOL	C	0.13%	0.14%	0.13%
	DVA	A	0.24%	0.39%	0.24%
	EEFT	F	0.13%	0.14%	0.13%
	EGP	B	0.05%	0.08%	0.05%
	ELF	F	0.13%	0.23%	0.13%
	EME	A	0.21%	0.35%	0.21%
	ENSG	A	0.27%	0.35%	0.27%
	EPRT	A	0.15%	0.17%	0.15%
	ESAB	C	0.13%	0.15%	0.13%
	ESTC	F	0.11%	0.18%	0.11%
	EXEL	A	0.15%	0.16%	0.15%
	EXLS	B	0.15%	0.16%	0.15%
	EXP	A	0.1%	0.08%	0.08%
	EXPO	B	0.1%	0.16%	0.1%
	FCN	C	0.18%	0.22%	0.18%
	FFIV	A	0.1%	0.08%	0.08%
	FIX	B	0.22%	0.37%	0.22%
	FIZZ	F	0.08%	0.13%	0.08%
	FOUR	C	0.14%	0.15%	0.14%
	FRPT	B	0.23%	0.38%	0.23%
	FSS	D	0.18%	0.3%	0.18%
	GATX	C	0.13%	0.14%	0.13%
	GKOS	D	0.19%	0.32%	0.19%
	GNTX	F	0.12%	0.13%	0.12%
	GOLF	D	0.14%	0.23%	0.14%
	GPK	A	0.1%	0.16%	0.1%
	GWRE	A	0.21%	0.3%	0.21%
	H	D	0.21%	0.28%	0.21%
	HAE	D	0.08%	0.06%	0.06%
	HALO	B	0.25%	0.42%	0.25%
	HAS	B	0.15%	0.17%	0.15%
	HCC	D	0.15%	0.19%	0.15%
	HLNE	B	0.16%	0.17%	0.16%
	HOOD	C	0.18%	0.3%	0.18%
	HQY	C	0.16%	0.27%	0.16%
	HRB	C	0.26%	0.42%	0.26%
	HRI	D	0.09%	0.07%	0.07%
	IBKR	B	0.22%	0.37%	0.22%
	IBP	C	0.13%	0.15%	0.13%
	INFA	D	0.07%	0.11%	0.07%
	INGR	B	0.16%	0.17%	0.16%
	INSM	D	0.23%	0.4%	0.23%
	IONS	F	0.13%	0.21%	0.13%
	IOT	B	0.12%	0.16%	0.12%
	IRT	A	0.14%	0.15%	0.14%
	IRTC	F	0.06%	0.05%	0.05%
	ITCI	D	0.1%	0.15%	0.1%
	ITGR	B	0.25%	0.32%	0.25%
	ITT	C	0.18%	0.22%	0.18%
	KAI	C	0.14%	0.15%	0.14%
	KD	D	0.19%	0.32%	0.19%
	KNF	B	0.19%	0.23%	0.19%
	KNSL	C	0.11%	0.09%	0.09%
	KRG	B	0.05%	0.08%	0.05%
	KTB	A	0.19%	0.31%	0.19%
	LAMR	A	0.14%	0.15%	0.14%
	LNTH	C	0.22%	0.38%	0.22%
	LNW	B	0.22%	0.29%	0.22%
	LOPE	D	0.17%	0.22%	0.17%
	LYFT	D	0.07%	0.06%	0.06%
	MAC	B	0.09%	0.07%	0.07%
	MARA	F	0.06%	0.05%	0.05%
	MEDP	D	0.18%	0.3%	0.18%
	MKSI	F	0.14%	0.18%	0.14%
	MMSI	A	0.15%	0.24%	0.15%
	MOD	C	0.22%	0.38%	0.22%
	MOG.A	B	0.24%	0.4%	0.24%
	MORN	C	0.14%	0.23%	0.14%
	MSA	D	0.12%	0.13%	0.12%
	MSGS	B	0.1%	0.08%	0.08%
	MSTR	D	0.07%	0.06%	0.06%
	MTSI	D	0.15%	0.26%	0.15%
	MUSA	B	0.24%	0.39%	0.24%
	NCLH	C	0.12%	0.13%	0.12%
	NEU	C	0.05%	0.08%	0.05%
	NNN	B	0.05%	0.08%	0.05%
	NTRA	B	0.23%	0.37%	0.23%
	NYT	C	0.18%	0.23%	0.18%
	OHI	B	0.15%	0.25%	0.15%
	OLED	C	0.12%	0.19%	0.12%
	OLLI	C	0.2%	0.32%	0.2%
	ONTO	D	0.14%	0.18%	0.14%
	ORA	C	0.09%	0.15%	0.09%
	OTTR	D	0.08%	0.13%	0.08%
	OWL	C	0.12%	0.2%	0.12%
	PEGA	C	0.2%	0.24%	0.2%
	PFGC	B	0.1%	0.16%	0.1%
	PLNT	B	0.15%	0.15%	0.15%
	POST	C	0.25%	0.41%	0.25%
	PR	D	0.11%	0.12%	0.11%
	PRI	B	0.19%	0.24%	0.19%
	PSN	B	0.25%	0.41%	0.25%
	RBC	D	0.05%	0.08%	0.05%
	REG	B	0.05%	0.08%	0.05%
	RGLD	B	0.05%	0.08%	0.05%
	RL	B	0.17%	0.28%	0.17%
	RLI	B	0.14%	0.16%	0.14%
	RVMD	C	0.14%	0.16%	0.14%
	RYAN	C	0.19%	0.32%	0.19%
	S	C	0.09%	0.08%	0.08%
	SAIA	D	0.04%	0.06%	0.04%
	SAM	F	0.08%	0.07%	0.07%
	SFBS	B	0.21%	0.27%	0.21%
	SFM	B	0.26%	0.42%	0.26%
	SMAR	B	0.16%	0.15%	0.15%
	SMPL	D	0.08%	0.13%	0.08%
	SOFI	C	0.09%	0.08%	0.08%
	SRPT	F	0.18%	0.3%	0.18%
	STWD	B	0.14%	0.07%	0.07%
	TDW	F	0.14%	0.18%	0.14%
	TECH	D	0.04%	0.07%	0.04%
	TKO	B	0.19%	0.31%	0.19%
	TNET	D	0.08%	0.07%	0.07%
	TOL	B	0.21%	0.35%	0.21%
	TOST	C	0.2%	0.27%	0.2%
	TPL	C	0.19%	0.23%	0.19%
	TPX	C	0.05%	0.08%	0.05%
	TTEK	B	0.24%	0.41%	0.24%
	TW	A	0.19%	0.31%	0.19%
	TXRH	D	0.21%	0.35%	0.21%
	UDR	B	0.09%	0.15%	0.09%
	VNT	D	0.08%	0.06%	0.06%
	VRNS	C	0.14%	0.25%	0.14%
	VRRM	D	0.13%	0.21%	0.13%
	WDFC	C	0.05%	0.09%	0.05%
	WFRD	D	0.16%	0.28%	0.16%
	WING	B	0.19%	0.32%	0.19%
	WMG	D	0.08%	0.07%	0.07%
	WMS	D	0.08%	0.13%	0.08%
	WSM	C	0.16%	0.2%	0.16%
	WWD	D	0.2%	0.33%	0.2%
	WYNN	D	0.11%	0.12%	0.11%
	XPO	D	0.17%	0.23%	0.17%
	YETI	D	0.04%	0.07%	0.04%
	ZWS	B	0.09%	0.07%	0.07%

FAD Overweight 449 Positions Relative to FNX

	Symbol	Grade	Weight
	IRM	A	0.55%
	HWM	B	0.53%
	FCNCA	D	0.51%
	KKR	B	0.5%
	GRMN	D	0.5%
	BK	A	0.5%
	HEI	A	0.5%
	ERIE	B	0.5%
	GDDY	D	0.48%
	LII	A	0.47%
	TT	A	0.47%
	TJX	B	0.47%
	JPM	D	0.47%
	GE	A	0.46%
	WAB	B	0.46%
	COST	B	0.46%
	META	B	0.45%
	LLY	C	0.45%
	MMM	A	0.45%
	PWR	C	0.44%
	HLT	B	0.44%
	RCL	B	0.44%
	BAH	B	0.44%
	STX	D	0.43%
	BRO	B	0.42%
	FICO	A	0.42%
	BKNG	B	0.42%
	AJG	A	0.41%
	APO	C	0.41%
	NTAP	D	0.4%
	DECK	C	0.4%
	CL	C	0.4%
	MSI	B	0.4%
	ANET	C	0.4%
	CEG	C	0.39%
	URI	C	0.38%
	NTNX	C	0.38%
	BSX	B	0.38%
	ISRG	B	0.38%
	CMG	C	0.38%
	VST	C	0.38%
	AMGN	B	0.37%
	ECL	A	0.37%
	NTRS	B	0.37%
	GOOGL	D	0.37%
	ROST	C	0.37%
	VRT	C	0.37%
	NVDA	D	0.37%
	RSG	B	0.37%
	PANW	C	0.36%
	CSL	C	0.36%
	VRTX	C	0.36%
	ORCL	B	0.36%
	TDG	B	0.36%
	NFLX	B	0.35%
	CAT	C	0.35%
	MAR	D	0.34%
	LPLA	F	0.34%
	IR	D	0.34%
	UBER	C	0.34%
	PM	B	0.33%
	ETN	C	0.33%
	DAL	C	0.32%
	AMZN	C	0.32%
	APH	D	0.32%
	PSTG	D	0.32%
	KLAC	D	0.31%
	AVGO	C	0.31%
	PHM	B	0.31%
	PLTR	B	0.31%
	MCO	B	0.3%
	PH	B	0.3%
	CCL	C	0.3%
	TYL	B	0.3%
	TMUS	A	0.29%
	CRWD	D	0.29%
	CTAS	B	0.29%
	EXPE	C	0.28%
	BR	B	0.28%
	ORLY	B	0.28%
	MMC	A	0.28%
	DPZ	D	0.28%
	AMAT	D	0.27%
	MANH	A	0.27%
	ROL	B	0.27%
	ARES	C	0.27%
	WMB	A	0.27%
	AZO	C	0.27%
	NOW	B	0.27%
	DLR	A	0.26%
	MPWR	C	0.26%
	RIVN	F	0.26%
	LYV	C	0.26%
	INTU	C	0.25%
	LRCX	F	0.25%
	OTIS	C	0.25%
	WM	D	0.25%
	WSO	C	0.25%
	MSFT	C	0.24%
	PCAR	D	0.24%
	PINS	F	0.24%
	FSLR	D	0.24%
	XYL	D	0.24%
	NVR	B	0.22%
	AXON	A	0.22%
	DDOG	D	0.22%
	NXPI	F	0.22%
	MGM	D	0.21%
	PPL	A	0.21%
	IBM	A	0.21%
	CDNS	D	0.21%
	MO	C	0.21%
	WELL	B	0.21%
	STE	B	0.2%
	ESS	A	0.2%
	KO	B	0.2%
	ADP	A	0.2%
	SNPS	D	0.2%
	SO	A	0.2%
	EA	C	0.19%
	ADMA	C	0.19%
	AAPL	D	0.19%
	GWW	B	0.19%
	SYK	B	0.19%
	PODD	B	0.19%
	PG	A	0.19%
	IT	B	0.19%
	AVB	B	0.19%
	MTD	D	0.18%
	INVH	B	0.18%
	VRSK	D	0.18%
	ZETA	B	0.18%
	ADBE	D	0.18%
	CHD	B	0.18%
	HUBB	B	0.18%
	ALNY	C	0.18%
	TTD	B	0.18%
	DKNG	D	0.17%
	CNK	B	0.17%
	MLM	D	0.17%
	HON	D	0.17%
	ADI	D	0.17%
	CRM	D	0.17%
	ROP	B	0.17%
	ALHC	C	0.16%
	PRCT	B	0.16%
	SATS	B	0.16%
	SMMT	C	0.16%
	HWKN	C	0.16%
	ZS	F	0.15%
	GVA	B	0.15%
	SPNT	C	0.15%
	AMD	D	0.15%
	QTWO	B	0.15%
	PTGX	B	0.15%
	MIRM	D	0.15%
	CRS	B	0.15%
	ACIW	B	0.15%
	RDNT	B	0.14%
	SNAP	F	0.14%
	OSCR	C	0.14%
	PJT	C	0.14%
	OKTA	F	0.14%
	TDS	B	0.14%
	FTDR	B	0.14%
	LRN	B	0.14%
	BKD	D	0.13%
	OSW	C	0.13%
	PI	B	0.13%
	GERN	D	0.13%
	KRYS	D	0.13%
	AGIO	D	0.13%
	DY	C	0.13%
	ATGE	D	0.13%
	ALKT	D	0.13%
	ROAD	A	0.13%
	TRN	C	0.13%
	TBBK	B	0.13%
	IESC	C	0.13%
	WHD	C	0.13%
	POWL	C	0.13%
	USLM	B	0.13%
	SMTC	C	0.13%
	AMRX	B	0.13%
	SKWD	C	0.12%
	IDCC	B	0.12%
	SKYW	C	0.12%
	STRL	C	0.12%
	COLL	C	0.12%
	CAL	F	0.12%
	SGBX	F	0.12%
	TMDX	D	0.12%
	PLMR	B	0.12%
	AROC	D	0.12%
	AZZ	D	0.12%
	SMCI	F	0.12%
	NHI	B	0.12%
	UFPT	C	0.12%
	ITRI	C	0.12%
	PTCT	C	0.11%
	SHW	A	0.11%
	CMPR	F	0.11%
	TNDM	C	0.11%
	KTOS	B	0.11%
	CORT	B	0.11%
	HURN	C	0.11%
	LMAT	B	0.11%
	MBIN	C	0.11%
	ICFI	B	0.11%
	CSWI	B	0.11%
	JWN	C	0.11%
	TRU	A	0.11%
	BRC	B	0.11%
	RMD	B	0.11%
	RXST	C	0.11%
	MYGN	C	0.11%
	SLG	B	0.11%
	KYMR	B	0.11%
	CEIX	C	0.11%
	CPRX	B	0.1%
	TWST	D	0.1%
	PAYX	B	0.1%
	ARDX	D	0.1%
	TNL	F	0.1%
	BCRX	C	0.1%
	GRBK	B	0.1%
	DASH	C	0.1%
	CPAY	C	0.1%
	GFF	C	0.1%
	VERX	D	0.1%
	SPGI	A	0.1%
	AGYS	D	0.1%
	MAS	B	0.1%
	BOWL	D	0.1%
	LAUR	C	0.1%
	SPR	D	0.1%
	PMT	C	0.1%
	AON	B	0.1%
	HLX	F	0.1%
	SCS	C	0.1%
	EPAC	B	0.1%
	AME	D	0.09%
	INSW	D	0.09%
	DSGR	B	0.09%
	HIMS	D	0.09%
	MRUS	D	0.09%
	BANF	B	0.09%
	LPG	F	0.09%
	SYBT	C	0.09%
	TTWO	D	0.09%
	TPG	B	0.09%
	ADSK	B	0.09%
	TGLS	B	0.09%
	TXN	D	0.09%
	GIII	C	0.09%
	CARS	D	0.09%
	RYTM	C	0.09%
	DRI	C	0.09%
	LIN	B	0.09%
	HD	B	0.09%
	AMH	B	0.09%
	V	A	0.09%
	AKR	B	0.09%
	RPM	B	0.09%
	PEP	B	0.09%
	MA	A	0.09%
	GBX	C	0.09%
	SPG	B	0.09%
	CBZ	F	0.09%
	SLB	F	0.08%
	ENV	C	0.08%
	BA	F	0.08%
	CDRE	C	0.08%
	WABC	D	0.08%
	AESI	C	0.08%
	NBIX	D	0.08%
	AGM	D	0.08%
	OSIS	C	0.08%
	JJSF	D	0.08%
	SWI	B	0.08%
	ALX	B	0.08%
	SHAK	C	0.08%
	YOU	B	0.08%
	CRDO	D	0.08%
	CARG	B	0.08%
	LVS	D	0.08%
	BROS	D	0.08%
	LKFN	C	0.08%
	PTC	D	0.08%
	FLNC	C	0.08%
	CPRT	F	0.08%
	PRGS	B	0.08%
	KNTK	A	0.08%
	NET	D	0.08%
	ROK	D	0.08%
	HST	D	0.08%
	VMC	D	0.08%
	HASI	B	0.08%
	CHCO	B	0.08%
	ESRT	B	0.08%
	MRVL	C	0.08%
	IIPR	A	0.08%
	WRBY	C	0.08%
	UE	B	0.08%
	PAR	B	0.08%
	SBRA	A	0.08%
	STZ	C	0.08%
	NSA	A	0.08%
	LW	D	0.07%
	DOCS	B	0.07%
	NSSC	D	0.07%
	THR	D	0.07%
	GPOR	C	0.07%
	MIR	F	0.07%
	ENTG	D	0.07%
	TNC	D	0.07%
	GBDC	C	0.07%
	EVH	C	0.07%
	FORM	F	0.07%
	PK	F	0.07%
	ANIP	F	0.07%
	VGR	C	0.07%
	HUBS	D	0.07%
	MGNI	C	0.07%
	ACVA	B	0.07%
	ESE	C	0.06%
	OUT	B	0.06%
	CCOI	C	0.06%
	CRNX	C	0.06%
	SHC	B	0.06%
	SKT	B	0.06%
	PDFS	D	0.06%
	DFH	C	0.06%
	IVT	B	0.06%
	FA	B	0.06%
	HRMY	B	0.06%
	CLDX	C	0.06%
	CTRE	A	0.06%
	GH	D	0.06%
	RKLB	B	0.06%
	NABL	D	0.06%
	JBI	F	0.06%
	EW	D	0.06%
	TGI	F	0.06%
	IOSP	D	0.06%
	VECO	F	0.06%
	IPAR	D	0.05%
	JKHY	A	0.05%
	WTS	C	0.05%
	PEB	D	0.05%
	CHE	C	0.05%
	WEX	C	0.05%
	FWRG	F	0.05%
	YELP	F	0.05%
	NOVA	C	0.05%
	FOR	D	0.05%
	ETWO	C	0.05%
	SHO	D	0.05%
	DOCU	C	0.05%
	DOC	B	0.05%
	EPR	B	0.05%
	HEES	D	0.05%
	DRH	C	0.05%
	VCEL	F	0.05%
	ALLE	A	0.05%
	GIC	D	0.05%
	AMC	D	0.05%
	RRR	F	0.05%
	OPCH	C	0.05%
	EXTR	C	0.05%
	ENVX	F	0.05%
	SXI	D	0.05%
	TR	C	0.05%
	JOE	D	0.05%
	SMG	C	0.05%
	CNS	A	0.05%
	SITM	C	0.05%
	LADR	B	0.05%
	MLNK	C	0.05%
	AIV	B	0.05%
	LTC	B	0.05%
	SABR	D	0.05%
	PRVA	F	0.05%
	RKT	B	0.04%
	PGNY	F	0.04%
	PCOR	D	0.04%
	XMTR	D	0.04%
	RUN	C	0.04%
	TRIP	F	0.04%
	PDFS	D	0.04%
	TENB	D	0.04%
	RAMP	F	0.04%
	AGL	F	0.04%
	BE	F	0.04%
	HXL	F	0.04%
	NCNO	F	0.04%
	WSC	D	0.04%
	FELE	D	0.04%
	ALRM	F	0.04%
	RHP	D	0.04%
	ZUO	D	0.04%
	WEN	C	0.04%
	SSD	C	0.04%
	CLSK	F	0.03%
	NTST	C	0.03%
	DOCN	B	0.03%
	AMWD	C	0.03%
	JAMF	F	0.03%
	PLYM	D	0.03%
	CNMD	D	0.03%
	BANC	C	0.03%
	DNLI	B	0.03%
	DRVN	C	0.03%
	PHR	C	0.03%
	LMND	D	0.03%
	AWR	B	0.03%
	KW	C	0.03%
	IAS	D	0.03%
	MGEE	A	0.03%
	NEO	C	0.03%
	INTA	B	0.03%
	FCPT	A	0.03%
	UMH	B	0.03%
	TGTX	B	0.03%
	CWAN	B	0.03%
	VCYT	B	0.03%
	MYRG	F	0.03%
	UEC	F	0.02%
	AI	F	0.02%
	PLAY	F	0.02%
	CXM	F	0.02%
	DBRG	D	0.02%
	MCW	D	0.02%
	WNC	F	0.02%
	BASE	F	0.02%
	UPWK	F	0.02%
	PLAB	D	0.02%
	VC	F	0.02%
	GTX	D	0.02%
	NARI	F	0.02%
	CTKB	F	0.02%
	EVTC	D	0.02%
	RES	F	0.02%
	ROCK	D	0.02%
	MTRN	F	0.02%
	ALG	D	0.02%
	BEAM	F	0.02%
	RNG	D	0.02%
	WINA	D	0.02%

FAD Underweight 247 Positions Relative to FNX

	Symbol	Grade	Weight
	MHO	B	-0.45%
	GPI	B	-0.44%
	G	B	-0.43%
	TMHC	B	-0.42%
	MTH	B	-0.42%
	FYBR	C	-0.42%
	MTG	B	-0.42%
	RUSHA	C	-0.42%
	JXN	B	-0.41%
	KBH	B	-0.41%
	ESNT	B	-0.41%
	TPH	C	-0.41%
	RNR	B	-0.41%
	RDN	C	-0.41%
	HOG	C	-0.4%
	LAD	C	-0.4%
	AMG	C	-0.39%
	FMC	C	-0.39%
	BCC	C	-0.39%
	TAP	C	-0.39%
	LBRDK	D	-0.39%
	NFG	A	-0.39%
	DAR	F	-0.38%
	ABG	F	-0.37%
	GL	C	-0.37%
	UHS	B	-0.37%
	AGO	C	-0.37%
	ESGR	D	-0.37%
	BTU	D	-0.36%
	SEB	C	-0.36%
	WTM	D	-0.36%
	ASO	C	-0.36%
	CUZ	B	-0.35%
	THC	B	-0.35%
	COLB	C	-0.35%
	NOG	F	-0.35%
	TEX	D	-0.34%
	MOS	F	-0.34%
	MGY	D	-0.34%
	CNXC	D	-0.34%
	MLI	B	-0.34%
	VLY	C	-0.34%
	SM	F	-0.34%
	PVH	D	-0.33%
	CVI	F	-0.33%
	AGCO	D	-0.33%
	CMC	D	-0.33%
	BERY	B	-0.33%
	AL	D	-0.33%
	PNW	A	-0.33%
	LBRT	D	-0.33%
	NOV	F	-0.32%
	UTHR	C	-0.32%
	DINO	F	-0.32%
	HII	D	-0.32%
	CADE	C	-0.32%
	BYD	C	-0.32%
	R	B	-0.32%
	SIG	C	-0.32%
	OGE	B	-0.32%
	ONB	C	-0.32%
	COOP	B	-0.32%
	POR	A	-0.32%
	KRC	C	-0.32%
	THO	C	-0.32%
	EVRG	A	-0.32%
	ARW	C	-0.31%
	HP	F	-0.31%
	CHK	D	-0.31%
	SON	C	-0.31%
	MUR	F	-0.31%
	BC	D	-0.31%
	UNM	B	-0.31%
	OVV	F	-0.31%
	PAG	D	-0.31%
	MTDR	F	-0.31%
	DXC	C	-0.31%
	OGS	A	-0.31%
	BKH	A	-0.31%
	APA	F	-0.31%
	CHRD	F	-0.3%
	GMS	C	-0.3%
	ALLY	F	-0.3%
	WBS	D	-0.3%
	PII	D	-0.3%
	AN	D	-0.3%
	MDU	B	-0.29%
	NXST	D	-0.29%
	AEO	F	-0.29%
	SANM	D	-0.29%
	LNC	D	-0.29%
	AVT	D	-0.29%
	EMN	A	-0.29%
	JAZZ	D	-0.29%
	OZK	D	-0.29%
	PTEN	F	-0.29%
	BWA	F	-0.29%
	MATX	C	-0.29%
	UFPI	C	-0.29%
	WCC	D	-0.28%
	TKR	D	-0.28%
	LEA	F	-0.28%
	CZR	D	-0.27%
	OSK	D	-0.27%
	SSB	B	-0.27%
	ADTN	F	-0.27%
	VAL	F	-0.27%
	WAL	B	-0.27%
	DNB	C	-0.27%
	ALK	C	-0.26%
	PBF	F	-0.26%
	SLGN	B	-0.26%
	ABCB	B	-0.26%
	URBN	D	-0.26%
	PNFP	B	-0.26%
	HOMB	C	-0.25%
	NI	A	-0.25%
	LNT	A	-0.25%
	ORI	B	-0.25%
	UBSI	C	-0.25%
	AIZ	C	-0.25%
	PB	B	-0.25%
	HWC	D	-0.24%
	SAIC	B	-0.24%
	PRGO	C	-0.24%
	AXS	B	-0.24%
	EWBC	D	-0.24%
	MIDD	D	-0.24%
	RRC	D	-0.24%
	IDA	B	-0.24%
	BOKF	B	-0.24%
	KNX	C	-0.23%
	WTRG	D	-0.23%
	ASGN	D	-0.23%
	RYN	C	-0.23%
	DDS	D	-0.23%
	AGNC	A	-0.23%
	FNB	D	-0.23%
	CMA	B	-0.23%
	ATKR	F	-0.23%
	DTM	B	-0.23%
	WTFC	C	-0.23%
	NJR	A	-0.23%
	ZION	D	-0.23%
	SWX	C	-0.22%
	FHN	C	-0.22%
	NRG	C	-0.22%
	SLM	D	-0.22%
	AYI	B	-0.22%
	COLM	B	-0.22%
	SEIC	C	-0.22%
	CLF	F	-0.22%
	WHR	D	-0.21%
	SKX	C	-0.21%
	OMF	D	-0.21%
	SNX	D	-0.21%
	WU	F	-0.21%
	HGV	D	-0.2%
	ASH	D	-0.2%
	BECN	D	-0.2%
	GAP	F	-0.2%
	ENS	D	-0.2%
	CROX	C	-0.2%
	SKY	B	-0.19%
	OLN	D	-0.19%
	UMBF	B	-0.18%
	VNO	A	-0.18%
	JEF	B	-0.17%
	RIG	F	-0.17%
	TFX	B	-0.17%
	IPGP	F	-0.17%
	M	D	-0.17%
	FAF	A	-0.17%
	JLL	B	-0.17%
	CRUS	D	-0.16%
	AFG	B	-0.16%
	EHC	B	-0.16%
	UGI	B	-0.16%
	SNV	C	-0.16%
	IP	B	-0.16%
	USFD	A	-0.16%
	IAC	C	-0.16%
	CACI	B	-0.16%
	AMKR	D	-0.16%
	BPOP	C	-0.16%
	LPX	B	-0.16%
	REYN	C	-0.16%
	MAT	C	-0.16%
	LFUS	D	-0.15%
	DKS	D	-0.15%
	MMS	D	-0.15%
	FUL	D	-0.15%
	RGA	B	-0.15%
	OGN	C	-0.15%
	AVNT	B	-0.15%
	GT	F	-0.15%
	HSIC	D	-0.15%
	GXO	D	-0.14%
	KEX	C	-0.14%
	SIGI	C	-0.14%
	RHI	D	-0.14%
	KWR	D	-0.14%
	VOYA	A	-0.14%
	SUM	D	-0.14%
	SEM	D	-0.14%
	CACC	F	-0.13%
	BBWI	F	-0.11%
	AR	D	-0.11%
	AAP	F	-0.1%
	GBCI	C	-0.09%
	CCK	A	-0.09%
	FFIN	C	-0.09%
	MHK	B	-0.09%
	FLO	C	-0.08%
	FLR	D	-0.08%
	PCH	C	-0.08%
	IVZ	C	-0.08%
	GNRC	D	-0.08%
	RRX	C	-0.08%
	KMX	D	-0.08%
	SITE	D	-0.08%
	HLI	A	-0.08%
	CBSH	B	-0.08%
	PFSI	B	-0.08%
	EVR	B	-0.08%
	CIEN	C	-0.08%
	THG	A	-0.08%
	LANC	D	-0.07%
	ESI	D	-0.07%
	HUN	D	-0.07%
	TPR	C	-0.07%
	FLS	D	-0.07%
	SEE	D	-0.07%
	ALIT	D	-0.07%
	VMI	D	-0.07%
	LSTR	D	-0.07%
	SF	B	-0.07%
	XRAY	D	-0.07%
	NEOG	D	-0.07%
	NSIT	C	-0.07%
	BXMT	C	-0.07%
	NVST	D	-0.07%
	MAN	D	-0.07%
	CR	C	-0.07%
	GTLS	F	-0.06%
	BJ	D	-0.06%
	CAR	F	-0.05%

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

FNX: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Biotechnology Diversified Industrials Building Materials Software - Application Software - Infrastructure Business Services Packaging & Containers Specialty Chemicals Asset Management Information Technology Services Auto & Truck Dealerships Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods Residential Construction Specialty Retail Leisure REIT - Diversified

Keywords: S&P 500 Banking Bank Insurance Natural Gas Chemical Mining Construction Real Estate Investment Trust Electronics Electricity Aerospace Building Materials Deposit Products Transport Commercial Banking Insurance Products Medicine Computing Plastic