FAD vs. IWD ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to iShares Russell 1000 Value ETF (IWD)

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

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$189.20

Average Daily Volume

1,608,024

Number of Holdings ^*

863

* may have additional holdings in another (foreign) market

Performance

Period	FAD	IWD
30 Days	4.70%	3.42%
60 Days	6.09%	5.20%
90 Days	8.24%	8.20%
12 Months	30.86%	22.86%

239 Overlapping Holdings

	Symbol	Grade	Weight in FAD	Weight in IWD	Overlap
	ADC	C	0.1%	0.03%	0.03%
	ADI	C	0.17%	0.45%	0.17%
	ADP	B	0.2%	0.03%	0.03%
	AES	C	0.04%	0.05%	0.04%
	AFRM	C	0.12%	0.04%	0.04%
	AJG	D	0.39%	0.24%	0.24%
	ALGM	F	0.03%	0.01%	0.01%
	ALLE	B	0.05%	0.05%	0.05%
	ALNY	C	0.19%	0.02%	0.02%
	ALSN	B	0.24%	0.03%	0.03%
	AM	C	0.17%	0.01%	0.01%
	AMAT	D	0.27%	0.05%	0.05%
	AMD	D	0.16%	0.34%	0.16%
	AME	C	0.08%	0.16%	0.08%
	AMGN	B	0.36%	0.16%	0.16%
	AMH	C	0.09%	0.06%	0.06%
	AON	B	0.1%	0.28%	0.1%
	AOS	D	0.08%	0.04%	0.04%
	APG	D	0.15%	0.03%	0.03%
	APH	D	0.32%	0.13%	0.13%
	APO	C	0.41%	0.06%	0.06%
	ARMK	B	0.19%	0.04%	0.04%
	ATI	C	0.23%	0.03%	0.03%
	ATR	B	0.18%	0.04%	0.04%
	AVB	B	0.19%	0.13%	0.13%
	AWI	B	0.19%	0.01%	0.01%
	AXTA	B	0.13%	0.03%	0.03%
	AZEK	C	0.09%	0.01%	0.01%
	AZO	D	0.26%	0.02%	0.02%
	BA	F	0.07%	0.31%	0.07%
	BFAM	C	0.22%	0.03%	0.03%
	BK	B	0.49%	0.21%	0.21%
	BKNG	C	0.43%	0.03%	0.03%
	BLD	D	0.08%	0.05%	0.05%
	BR	D	0.27%	0.01%	0.01%
	BRBR	C	0.13%	0.03%	0.03%
	BRO	C	0.39%	0.06%	0.06%
	BROS	D	0.08%	0.01%	0.01%
	BRX	B	0.05%	0.03%	0.03%
	BSX	B	0.37%	0.5%	0.37%
	BWXT	D	0.17%	0.03%	0.03%
	CASY	D	0.21%	0.05%	0.05%
	CAT	B	0.35%	0.59%	0.35%
	CCL	C	0.32%	0.07%	0.07%
	CEG	C	0.42%	0.21%	0.21%
	CFR	C	0.14%	0.03%	0.03%
	CHD	D	0.17%	0.1%	0.1%
	CHE	C	0.04%	0.03%	0.03%
	CHH	C	0.09%	0.0%	0.0%
	CIVI	F	0.03%	0.02%	0.02%
	CL	D	0.37%	0.16%	0.16%
	CLH	A	0.23%	0.05%	0.05%
	CNM	F	0.11%	0.01%	0.01%
	COKE	C	0.25%	0.03%	0.03%
	CPRT	D	0.08%	0.01%	0.01%
	CPT	B	0.1%	0.05%	0.05%
	CRM	D	0.17%	0.15%	0.15%
	CSL	B	0.35%	0.07%	0.07%
	CTAS	B	0.3%	0.01%	0.01%
	CUBE	B	0.05%	0.05%	0.05%
	CVNA	B	0.23%	0.04%	0.04%
	CW	B	0.24%	0.05%	0.05%
	DAL	C	0.33%	0.12%	0.12%
	DASH	C	0.1%	0.02%	0.02%
	DCI	C	0.13%	0.03%	0.03%
	DLR	B	0.26%	0.21%	0.21%
	DOC	C	0.05%	0.07%	0.05%
	DOCS	B	0.07%	0.02%	0.02%
	DPZ	F	0.27%	0.04%	0.04%
	DRI	B	0.09%	0.04%	0.04%
	EA	D	0.18%	0.16%	0.16%
	ECL	B	0.36%	0.03%	0.03%
	EEFT	D	0.12%	0.02%	0.02%
	EGP	B	0.05%	0.04%	0.04%
	EME	B	0.23%	0.05%	0.05%
	EPR	B	0.05%	0.01%	0.01%
	ESAB	C	0.13%	0.02%	0.02%
	ESS	B	0.2%	0.08%	0.08%
	ETN	C	0.33%	0.49%	0.33%
	EW	F	0.06%	0.13%	0.06%
	EXEL	C	0.15%	0.01%	0.01%
	EXP	B	0.11%	0.01%	0.01%
	FCN	D	0.17%	0.03%	0.03%
	FCNCA	D	0.47%	0.09%	0.09%
	FFIV	B	0.1%	0.05%	0.05%
	FICO	B	0.43%	0.03%	0.03%
	FRPT	B	0.23%	0.02%	0.02%
	FSLR	C	0.25%	0.1%	0.1%
	GE	B	0.48%	0.62%	0.48%
	GNTX	F	0.11%	0.03%	0.03%
	GPK	B	0.1%	0.04%	0.04%
	GRMN	D	0.45%	0.11%	0.11%
	GWRE	A	0.21%	0.03%	0.03%
	GWW	B	0.19%	0.02%	0.02%
	H	C	0.2%	0.02%	0.02%
	HAS	B	0.15%	0.0%	0.0%
	HD	B	0.09%	0.31%	0.09%
	HLT	B	0.42%	0.11%	0.11%
	HON	D	0.16%	0.46%	0.16%
	HOOD	C	0.2%	0.06%	0.06%
	HRB	C	0.25%	0.03%	0.03%
	HST	C	0.08%	0.05%	0.05%
	HUBB	B	0.19%	0.09%	0.09%
	HWM	B	0.52%	0.15%	0.15%
	HXL	F	0.04%	0.02%	0.02%
	IBKR	B	0.22%	0.05%	0.05%
	IBM	B	0.21%	0.8%	0.21%
	INFA	D	0.07%	0.01%	0.01%
	INGR	B	0.15%	0.04%	0.04%
	INVH	C	0.18%	0.09%	0.09%
	IONS	F	0.11%	0.0%	0.0%
	IR	C	0.34%	0.15%	0.15%
	IRM	C	0.56%	0.06%	0.06%
	ITT	B	0.18%	0.04%	0.04%
	JKHY	B	0.04%	0.05%	0.04%
	JPM	D	0.43%	2.37%	0.43%
	JWN	C	0.1%	0.01%	0.01%
	KD	D	0.18%	0.02%	0.02%
	KKR	B	0.5%	0.24%	0.24%
	KO	C	0.19%	0.48%	0.19%
	LAMR	B	0.14%	0.03%	0.03%
	LIN	B	0.09%	0.91%	0.09%
	LOPE	D	0.17%	0.01%	0.01%
	LW	D	0.06%	0.03%	0.03%
	LYFT	D	0.07%	0.01%	0.01%
	MAR	C	0.33%	0.22%	0.22%
	MAS	B	0.1%	0.07%	0.07%
	MGM	F	0.21%	0.04%	0.04%
	MKSI	F	0.14%	0.03%	0.03%
	MLM	D	0.16%	0.12%	0.12%
	MMC	C	0.27%	0.4%	0.27%
	MMM	B	0.45%	0.24%	0.24%
	MO	C	0.2%	0.37%	0.2%
	MRVL	C	0.09%	0.24%	0.09%
	MSA	D	0.12%	0.03%	0.03%
	MSGS	B	0.09%	0.01%	0.01%
	MSI	B	0.39%	0.15%	0.15%
	MSTR	D	0.09%	0.08%	0.08%
	MTD	D	0.17%	0.12%	0.12%
	MTSI	D	0.15%	0.02%	0.02%
	NCNO	D	0.04%	0.0%	0.0%
	NEU	D	0.05%	0.02%	0.02%
	NNN	C	0.05%	0.04%	0.04%
	NSA	B	0.08%	0.01%	0.01%
	NTAP	D	0.39%	0.05%	0.05%
	NTNX	C	0.36%	0.04%	0.04%
	NTRS	A	0.36%	0.07%	0.07%
	NVR	B	0.21%	0.11%	0.11%
	NYT	C	0.18%	0.04%	0.04%
	OHI	B	0.15%	0.04%	0.04%
	OKTA	F	0.14%	0.03%	0.03%
	OLED	C	0.13%	0.02%	0.02%
	OLLI	C	0.21%	0.02%	0.02%
	ONTO	D	0.15%	0.03%	0.03%
	ORLY	C	0.27%	0.02%	0.02%
	OTIS	C	0.24%	0.15%	0.15%
	PAYX	C	0.09%	0.11%	0.09%
	PCAR	D	0.23%	0.2%	0.2%
	PEP	C	0.09%	0.21%	0.09%
	PFGC	B	0.09%	0.04%	0.04%
	PG	C	0.18%	1.29%	0.18%
	PH	B	0.29%	0.31%	0.29%
	PHM	B	0.32%	0.12%	0.12%
	PK	D	0.07%	0.01%	0.01%
	PLNT	B	0.14%	0.01%	0.01%
	PM	C	0.31%	0.79%	0.31%
	POST	C	0.23%	0.02%	0.02%
	PPL	C	0.2%	0.1%	0.1%
	PR	F	0.11%	0.03%	0.03%
	PRI	B	0.18%	0.04%	0.04%
	PSN	B	0.25%	0.02%	0.02%
	PSTG	F	0.33%	0.01%	0.01%
	PTC	D	0.08%	0.03%	0.03%
	PWR	B	0.45%	0.11%	0.11%
	RBC	C	0.04%	0.03%	0.03%
	RCL	B	0.45%	0.11%	0.11%
	REG	C	0.05%	0.06%	0.05%
	RGLD	C	0.05%	0.04%	0.04%
	RIVN	F	0.25%	0.04%	0.04%
	RKT	C	0.03%	0.01%	0.01%
	RL	C	0.17%	0.03%	0.03%
	RLI	B	0.14%	0.02%	0.02%
	RMD	C	0.11%	0.11%	0.11%
	ROK	D	0.08%	0.11%	0.08%
	ROP	C	0.17%	0.24%	0.17%
	ROST	C	0.37%	0.16%	0.16%
	RPM	B	0.09%	0.05%	0.05%
	RSG	D	0.36%	0.17%	0.17%
	S	C	0.09%	0.02%	0.02%
	SAIA	D	0.04%	0.02%	0.02%
	SAM	F	0.07%	0.01%	0.01%
	SHC	C	0.06%	0.01%	0.01%
	SHW	B	0.1%	0.03%	0.03%
	SLB	F	0.07%	0.23%	0.07%
	SMG	C	0.05%	0.01%	0.01%
	SO	B	0.2%	0.4%	0.2%
	SOFI	C	0.1%	0.03%	0.03%
	SPG	B	0.09%	0.16%	0.09%
	SPGI	B	0.1%	0.66%	0.1%
	SPR	D	0.1%	0.01%	0.01%
	SSD	D	0.05%	0.03%	0.03%
	STE	C	0.19%	0.1%	0.1%
	STWD	B	0.13%	0.03%	0.03%
	STZ	D	0.08%	0.16%	0.08%
	SYK	C	0.19%	0.38%	0.19%
	TDG	B	0.37%	0.24%	0.24%
	TECH	C	0.04%	0.05%	0.04%
	TJX	B	0.47%	0.22%	0.22%
	TKO	B	0.18%	0.03%	0.03%
	TMUS	C	0.29%	0.4%	0.29%
	TNL	D	0.09%	0.01%	0.01%
	TOL	B	0.22%	0.06%	0.06%
	TPG	B	0.1%	0.01%	0.01%
	TRIP	F	0.04%	0.01%	0.01%
	TRU	B	0.11%	0.07%	0.07%
	TT	B	0.47%	0.22%	0.22%
	TTEK	C	0.24%	0.04%	0.04%
	TTWO	C	0.08%	0.1%	0.08%
	TW	B	0.19%	0.03%	0.03%
	TXN	C	0.09%	0.65%	0.09%
	TYL	C	0.29%	0.01%	0.01%
	UDR	C	0.1%	0.06%	0.06%
	URI	B	0.39%	0.15%	0.15%
	VMC	D	0.08%	0.09%	0.08%
	VNT	F	0.07%	0.02%	0.02%
	VRTX	D	0.35%	0.25%	0.25%
	WAB	B	0.46%	0.12%	0.12%
	WELL	C	0.21%	0.31%	0.21%
	WEN	C	0.04%	0.01%	0.01%
	WEX	C	0.05%	0.03%	0.03%
	WMB	B	0.26%	0.22%	0.22%
	WMS	D	0.08%	0.02%	0.02%
	WSC	D	0.04%	0.02%	0.02%
	WSM	D	0.17%	0.03%	0.03%
	WSO	C	0.26%	0.07%	0.07%
	WWD	D	0.2%	0.04%	0.04%
	WYNN	D	0.11%	0.03%	0.03%
	XYL	C	0.24%	0.13%	0.13%
	YETI	D	0.04%	0.01%	0.01%

FAD Overweight 402 Positions Relative to IWD

	Symbol	Grade	Weight
	HEI	B	0.5%
	ERIE	B	0.49%
	GDDY	C	0.47%
	LII	B	0.47%
	COST	B	0.46%
	BAH	C	0.44%
	LLY	C	0.44%
	ANET	B	0.44%
	META	B	0.44%
	VST	C	0.43%
	STX	C	0.42%
	VRT	C	0.42%
	NVDA	D	0.41%
	DECK	C	0.41%
	SMMT	C	0.4%
	ORCL	C	0.39%
	ISRG	B	0.38%
	CMG	C	0.38%
	GOOGL	D	0.37%
	AVGO	C	0.36%
	PANW	D	0.35%
	PLTR	B	0.35%
	NFLX	B	0.35%
	UBER	C	0.34%
	AMZN	C	0.33%
	KLAC	D	0.31%
	LPLA	D	0.31%
	APP	C	0.29%
	CRWD	D	0.29%
	ARES	B	0.28%
	MPWR	C	0.28%
	NOW	B	0.28%
	MCO	B	0.28%
	MANH	B	0.27%
	EXPE	C	0.27%
	SFM	B	0.26%
	ROL	C	0.26%
	ENSG	B	0.26%
	LYV	B	0.26%
	NTRA	C	0.25%
	LRCX	F	0.25%
	MOG.A	B	0.25%
	DVA	B	0.25%
	INTU	C	0.25%
	HALO	C	0.25%
	MUSA	D	0.24%
	MSFT	C	0.24%
	FIX	B	0.24%
	WM	D	0.24%
	BCO	B	0.23%
	ITGR	A	0.23%
	MOD	A	0.23%
	INSM	D	0.23%
	CDNS	D	0.22%
	AXON	B	0.22%
	LNTH	D	0.22%
	AVAV	C	0.22%
	PINS	F	0.22%
	LNW	B	0.22%
	CVLT	B	0.21%
	SNPS	D	0.21%
	SFBS	B	0.21%
	DDOG	D	0.21%
	NXPI	F	0.21%
	TOST	C	0.21%
	ADMA	B	0.2%
	WING	B	0.2%
	PODD	B	0.2%
	TXRH	C	0.2%
	KNF	B	0.2%
	TTD	B	0.19%
	TPL	B	0.19%
	RYAN	D	0.19%
	PEGA	C	0.19%
	BMI	A	0.19%
	ZETA	C	0.19%
	KTB	B	0.19%
	CBT	B	0.19%
	IT	B	0.19%
	FSS	D	0.18%
	AIT	A	0.18%
	GKOS	C	0.18%
	MEDP	F	0.18%
	AAPL	C	0.18%
	AAON	B	0.18%
	ALHC	C	0.18%
	ADBE	F	0.17%
	PTGX	C	0.17%
	SATS	C	0.17%
	OSCR	B	0.17%
	SRPT	D	0.17%
	ANF	D	0.17%
	DKNG	C	0.17%
	CHDN	C	0.17%
	VRSK	D	0.17%
	XPO	D	0.17%
	APPF	D	0.16%
	HLNE	B	0.16%
	WFRD	F	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%
	SMAR	C	0.15%
	GVA	B	0.15%
	QTWO	B	0.15%
	ZS	F	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%
	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%
	IRT	B	0.14%
	MMSI	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%
	OWL	C	0.13%
	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%
	MORN	C	0.13%
	DY	B	0.13%
	KRYS	D	0.13%
	TWST	D	0.12%
	SKYW	C	0.12%
	AROC	D	0.12%
	ELF	F	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%
	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%
	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%
	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%
	CPAY	B	0.1%
	HLX	F	0.1%
	ALKS	C	0.1%
	VERX	D	0.1%
	GRBK	B	0.1%
	HIMS	D	0.1%
	BOWL	F	0.1%
	PMT	C	0.1%
	KNSL	C	0.1%
	GFF	D	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%
	DSGR	B	0.09%
	CRDO	D	0.09%
	CARS	D	0.09%
	HRI	D	0.09%
	WRBY	D	0.09%
	ADSK	C	0.09%
	CBZ	F	0.09%
	ORA	C	0.09%
	FLNC	C	0.09%
	MAC	B	0.09%
	V	C	0.09%
	CMPR	D	0.09%
	BCRX	C	0.09%
	AKR	B	0.09%
	CAL	F	0.09%
	ITCI	D	0.09%
	MA	B	0.09%
	CPRX	A	0.09%
	BLKB	C	0.09%
	BCPC	C	0.09%
	ZWS	A	0.09%
	GBX	C	0.09%
	LVS	D	0.08%
	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%
	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%
	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%
	FORM	F	0.07%
	ENV	C	0.07%
	NSSC	F	0.07%
	FIZZ	D	0.07%
	JJSF	C	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%
	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%
	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%
	TPX	C	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%
	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%
	PCOR	F	0.04%
	PDFS	F	0.04%
	TENB	F	0.04%
	AGL	F	0.04%
	RUN	C	0.04%
	XMTR	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%
	DOCU	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%
	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 624 Positions Relative to IWD

	Symbol	Grade	Weight
	BRK.A	C	-3.32%
	UNH	C	-2.06%
	XOM	C	-2.02%
	JNJ	C	-1.62%
	WMT	C	-1.42%
	BAC	D	-1.06%
	CVX	D	-0.98%
	TMO	B	-0.95%
	ACN	C	-0.89%
	ABT	C	-0.82%
	CSCO	C	-0.82%
	MCD	B	-0.81%
	ABBV	C	-0.79%
	VZ	B	-0.76%
	WFC	D	-0.75%
	DHR	B	-0.74%
	NEE	C	-0.7%
	PFE	C	-0.67%
	DIS	D	-0.67%
	RTX	C	-0.64%
	T	C	-0.63%
	CMCSA	D	-0.62%
	LOW	B	-0.59%
	BLK	B	-0.53%
	PLD	C	-0.49%
	COP	D	-0.49%
	MDT	C	-0.48%
	CB	B	-0.47%
	REGN	C	-0.45%
	GS	C	-0.45%
	C	C	-0.45%
	ELV	C	-0.44%
	MS	D	-0.43%
	GILD	B	-0.42%
	DE	B	-0.41%
	MU	F	-0.41%
	MDLZ	B	-0.41%
	BMY	C	-0.4%
	UPS	D	-0.38%
	DUK	C	-0.37%
	ICE	C	-0.37%
	AXP	B	-0.37%
	CI	C	-0.37%
	GD	B	-0.34%
	SCHW	D	-0.34%
	INTC	F	-0.34%
	LMT	C	-0.33%
	CME	C	-0.32%
	EQIX	C	-0.32%
	UNP	C	-0.32%
	CVS	D	-0.3%
	PYPL	B	-0.3%
	PNC	B	-0.29%
	NOC	B	-0.29%
	EOG	D	-0.28%
	FI	A	-0.28%
	USB	B	-0.28%
	TGT	C	-0.28%
	CSX	D	-0.27%
	BDX	D	-0.27%
	APD	B	-0.26%
	CARR	B	-0.26%
	FDX	C	-0.26%
	FCX	D	-0.25%
	GEV	B	-0.25%
	NEM	B	-0.25%
	AFL	C	-0.25%
	EMR	D	-0.24%
	CRH	B	-0.24%
	TFC	C	-0.23%
	MPC	F	-0.23%
	HCA	B	-0.23%
	DHI	B	-0.23%
	OKE	B	-0.22%
	PSX	F	-0.22%
	O	C	-0.22%
	TRV	C	-0.22%
	AEP	C	-0.22%
	NSC	C	-0.22%
	CCI	C	-0.21%
	GM	C	-0.21%
	SRE	C	-0.21%
	COF	B	-0.21%
	D	C	-0.2%
	AIG	D	-0.2%
	JCI	B	-0.2%
	ITW	C	-0.19%
	FIS	B	-0.19%
	PSA	B	-0.19%
	LHX	C	-0.18%
	VLO	F	-0.18%
	KVUE	C	-0.18%
	LEN	B	-0.18%
	MET	B	-0.18%
	KMI	B	-0.17%
	MCHP	F	-0.17%
	CMI	C	-0.17%
	GIS	B	-0.17%
	ALL	B	-0.17%
	PRU	C	-0.17%
	PEG	B	-0.17%
	F	F	-0.17%
	PCG	C	-0.17%
	CTSH	C	-0.16%
	HUM	F	-0.16%
	MCK	F	-0.16%
	CTVA	B	-0.16%
	KDP	B	-0.16%
	CNC	D	-0.16%
	A	C	-0.16%
	EXC	C	-0.16%
	ACGL	C	-0.16%
	ED	C	-0.15%
	CBRE	A	-0.15%
	NKE	D	-0.15%
	FERG	D	-0.15%
	KR	C	-0.15%
	EXR	B	-0.15%
	IQV	C	-0.15%
	GEHC	C	-0.14%
	DD	B	-0.14%
	OXY	F	-0.14%
	HIG	B	-0.14%
	NUE	F	-0.14%
	DOW	D	-0.14%
	VICI	C	-0.14%
	XEL	B	-0.14%
	KHC	C	-0.13%
	CHTR	D	-0.13%
	CSGP	D	-0.13%
	EBAY	B	-0.13%
	EIX	C	-0.13%
	GLW	C	-0.13%
	DFS	B	-0.13%
	BKR	C	-0.13%
	KMB	D	-0.12%
	BIIB	F	-0.12%
	FITB	B	-0.12%
	AWK	B	-0.12%
	EQR	B	-0.12%
	WTW	C	-0.12%
	PPG	D	-0.12%
	ADM	D	-0.12%
	NDAQ	A	-0.12%
	EFX	B	-0.12%
	WEC	C	-0.12%
	FANG	D	-0.12%
	ON	D	-0.12%
	DTE	C	-0.11%
	SBAC	C	-0.11%
	KEYS	C	-0.11%
	VTR	C	-0.11%
	IFF	B	-0.11%
	ETR	B	-0.11%
	ANSS	D	-0.11%
	MTB	B	-0.11%
	GPN	D	-0.11%
	PGR	B	-0.1%
	WY	C	-0.1%
	DELL	D	-0.1%
	ES	C	-0.1%
	LYB	D	-0.1%
	HAL	F	-0.1%
	HPQ	D	-0.1%
	DVN	F	-0.1%
	STT	A	-0.1%
	SBUX	C	-0.1%
	DOV	B	-0.1%
	HSY	C	-0.1%
	FE	C	-0.1%
	FTV	C	-0.1%
	MKC	C	-0.09%
	K	B	-0.09%
	WDC	D	-0.09%
	BBY	C	-0.09%
	ARE	C	-0.09%
	COO	B	-0.09%
	ZBH	F	-0.09%
	MRNA	F	-0.09%
	CBOE	C	-0.09%
	HPE	D	-0.09%
	RJF	C	-0.09%
	AEE	C	-0.09%
	TROW	D	-0.09%
	YUM	D	-0.09%
	LH	C	-0.08%
	DG	F	-0.08%
	PKG	B	-0.08%
	HOLX	B	-0.08%
	APTV	D	-0.08%
	SYF	C	-0.08%
	PFG	B	-0.08%
	GPC	D	-0.08%
	MAA	B	-0.08%
	OMC	B	-0.08%
	BLDR	C	-0.08%
	TDY	B	-0.08%
	LNG	C	-0.08%
	RF	B	-0.08%
	BAX	C	-0.08%
	SQ	D	-0.08%
	BALL	C	-0.08%
	ILMN	C	-0.08%
	ATO	B	-0.08%
	WBD	D	-0.08%
	HBAN	B	-0.08%
	CINF	B	-0.08%
	CMS	C	-0.08%
	LDOS	B	-0.08%
	SSNC	B	-0.07%
	UAL	C	-0.07%
	SWKS	D	-0.07%
	TXT	D	-0.07%
	STLD	F	-0.07%
	ZM	C	-0.07%
	IP	B	-0.07%
	CTRA	D	-0.07%
	LUV	C	-0.07%
	DGX	B	-0.07%
	TSN	C	-0.07%
	CNP	C	-0.07%
	J	C	-0.07%
	WRB	C	-0.07%
	MSCI	C	-0.07%
	SUI	B	-0.07%
	AVTR	B	-0.07%
	EQT	D	-0.07%
	CFG	C	-0.07%
	USFD	B	-0.06%
	WPC	C	-0.06%
	BG	D	-0.06%
	TRMB	C	-0.06%
	VTRS	D	-0.06%
	EG	C	-0.06%
	GGG	C	-0.06%
	JBHT	D	-0.06%
	ELS	C	-0.06%
	RGA	C	-0.06%
	EXPD	C	-0.06%
	OC	D	-0.06%
	NDSN	C	-0.06%
	DLTR	F	-0.06%
	L	C	-0.06%
	SYY	D	-0.06%
	SNA	C	-0.06%
	CDW	D	-0.06%
	UTHR	C	-0.06%
	VRSN	D	-0.06%
	GEN	B	-0.06%
	CF	C	-0.06%
	AKAM	D	-0.06%
	VLTO	C	-0.06%
	KEY	B	-0.06%
	RVTY	B	-0.06%
	MRO	C	-0.06%
	PNR	B	-0.06%
	IEX	D	-0.06%
	CAG	C	-0.06%
	LNT	B	-0.06%
	ZTS	C	-0.06%
	NI	B	-0.06%
	MKL	C	-0.06%
	SWK	B	-0.06%
	THC	A	-0.06%
	FNF	B	-0.06%
	AMCR	B	-0.06%
	KIM	C	-0.06%
	RS	D	-0.06%
	BMRN	F	-0.06%
	CAH	C	-0.05%
	DKS	D	-0.05%
	SCI	B	-0.05%
	JBL	D	-0.05%
	KMX	D	-0.05%
	SW	B	-0.05%
	CHRW	B	-0.05%
	QCOM	D	-0.05%
	IPG	C	-0.05%
	TFX	C	-0.05%
	EMN	B	-0.05%
	JNPR	B	-0.05%
	SJM	C	-0.05%
	EL	F	-0.05%
	BXP	B	-0.05%
	HES	F	-0.05%
	ACM	B	-0.05%
	GLPI	C	-0.05%
	UHS	B	-0.05%
	RNR	C	-0.05%
	ZBRA	B	-0.05%
	EVRG	B	-0.05%
	FHN	D	-0.04%
	APA	F	-0.04%
	TTC	D	-0.04%
	FTNT	C	-0.04%
	CG	D	-0.04%
	WAL	B	-0.04%
	ORI	B	-0.04%
	FYBR	C	-0.04%
	HSIC	C	-0.04%
	CNH	D	-0.04%
	EHC	C	-0.04%
	MTCH	C	-0.04%
	HRL	C	-0.04%
	FOXA	B	-0.04%
	Z	B	-0.04%
	MKTX	C	-0.04%
	CHK	D	-0.04%
	TAP	D	-0.04%
	AFG	B	-0.04%
	UNM	B	-0.04%
	FRT	C	-0.04%
	SOLV	C	-0.04%
	GL	C	-0.04%
	CPB	C	-0.04%
	NWSA	D	-0.04%
	WTRG	D	-0.04%
	DOX	C	-0.04%
	TPR	C	-0.04%
	FWONK	C	-0.04%
	AIZ	B	-0.04%
	CRL	F	-0.04%
	CE	F	-0.04%
	NLY	B	-0.04%
	HII	D	-0.04%
	NRG	C	-0.04%
	ALB	D	-0.04%
	RRX	C	-0.04%
	PNW	C	-0.04%
	FTI	D	-0.04%
	OVV	F	-0.04%
	COHR	C	-0.04%
	FBIN	B	-0.04%
	QRVO	F	-0.04%
	CACI	B	-0.04%
	EPAM	F	-0.04%
	CCK	A	-0.04%
	RPRX	C	-0.04%
	BJ	D	-0.04%
	CTLT	B	-0.04%
	NVT	D	-0.04%
	REXR	C	-0.04%
	LKQ	F	-0.04%
	FDS	C	-0.04%
	AVY	C	-0.04%
	EWBC	D	-0.04%
	INCY	C	-0.04%
	NOV	F	-0.03%
	PARA	F	-0.03%
	FAST	C	-0.03%
	CROX	D	-0.03%
	CGNX	F	-0.03%
	BIO	C	-0.03%
	BPOP	C	-0.03%
	CART	A	-0.03%
	VNO	B	-0.03%
	RHI	D	-0.03%
	LSTR	D	-0.03%
	AAL	D	-0.03%
	MAT	C	-0.03%
	VFC	C	-0.03%
	OSK	F	-0.03%
	PB	B	-0.03%
	SNV	C	-0.03%
	FAF	B	-0.03%
	WBA	F	-0.03%
	RGEN	F	-0.03%
	ARW	C	-0.03%
	JAZZ	D	-0.03%
	ZION	D	-0.03%
	SEIC	C	-0.03%
	MTG	B	-0.03%
	WTFC	B	-0.03%
	SWN	D	-0.03%
	RRC	D	-0.03%
	G	C	-0.03%
	WCC	D	-0.03%
	SAIC	C	-0.03%
	KEX	C	-0.03%
	MTZ	B	-0.03%
	MIDD	D	-0.03%
	LECO	F	-0.03%
	ACHC	C	-0.03%
	HR	C	-0.03%
	CRUS	D	-0.03%
	ELAN	D	-0.03%
	EXAS	C	-0.03%
	STAG	C	-0.03%
	AGNC	B	-0.03%
	PNFP	B	-0.03%
	HLI	B	-0.03%
	DINO	F	-0.03%
	BWA	D	-0.03%
	FR	B	-0.03%
	DTM	B	-0.03%
	CR	C	-0.03%
	CBSH	C	-0.03%
	ALGN	D	-0.03%
	LAD	D	-0.03%
	WAT	C	-0.03%
	FND	C	-0.03%
	KBR	D	-0.03%
	CMA	B	-0.03%
	BERY	B	-0.03%
	MOH	D	-0.03%
	JEF	B	-0.03%
	VOYA	B	-0.03%
	MNST	D	-0.03%
	WBS	D	-0.03%
	AR	F	-0.03%
	GMED	D	-0.03%
	ALLY	F	-0.03%
	DAY	D	-0.03%
	ACI	F	-0.03%
	FMC	C	-0.03%
	ROKU	C	-0.03%
	AYI	B	-0.03%
	X	F	-0.03%
	CIEN	C	-0.03%
	AA	D	-0.03%
	OGE	C	-0.03%
	SKX	D	-0.03%
	COLD	D	-0.03%
	KNX	C	-0.03%
	CHRD	F	-0.03%
	CZR	C	-0.03%
	MHK	C	-0.03%
	TWLO	D	-0.03%
	JLL	B	-0.03%
	MOS	F	-0.03%
	EVR	A	-0.03%
	SNX	D	-0.03%
	SF	A	-0.03%
	WST	D	-0.03%
	LITE	B	-0.02%
	COTY	F	-0.02%
	CLF	F	-0.02%
	PRGO	D	-0.02%
	MPW	C	-0.02%
	DXC	C	-0.02%
	RH	B	-0.02%
	IAC	C	-0.02%
	AMP	A	-0.02%
	UHAL	A	-0.02%
	SITE	C	-0.02%
	BILL	D	-0.02%
	GFS	F	-0.02%
	M	F	-0.02%
	ROIV	C	-0.02%
	DLB	D	-0.02%
	BYD	C	-0.02%
	GNRC	D	-0.02%
	DBX	D	-0.02%
	GAP	F	-0.02%
	KRC	B	-0.02%
	AN	D	-0.02%
	ASH	D	-0.02%
	CPRI	D	-0.02%
	FLO	C	-0.02%
	AGO	C	-0.02%
	W	D	-0.02%
	WTM	D	-0.02%
	OZK	D	-0.02%
	PII	D	-0.02%
	SLGN	B	-0.02%
	CUZ	B	-0.02%
	AVT	C	-0.02%
	AL	D	-0.02%
	HOG	C	-0.02%
	SLM	D	-0.02%
	WLK	D	-0.02%
	RYN	C	-0.02%
	JHG	B	-0.02%
	CCCS	D	-0.02%
	FOX	B	-0.02%
	LNC	D	-0.02%
	UGI	C	-0.02%
	FNB	C	-0.02%
	LBRDK	F	-0.02%
	OLN	D	-0.02%
	ST	D	-0.02%
	COLB	B	-0.02%
	THO	D	-0.02%
	WHR	D	-0.02%
	ALK	C	-0.02%
	IDA	C	-0.02%
	COIN	F	-0.02%
	OGN	D	-0.02%
	OMF	D	-0.02%
	THG	B	-0.02%
	TKR	D	-0.02%
	MTDR	F	-0.02%
	PVH	F	-0.02%
	BC	C	-0.02%
	XRAY	D	-0.02%
	VMI	D	-0.02%
	SN	B	-0.02%
	NFG	B	-0.02%
	SON	C	-0.02%
	AMG	C	-0.02%
	GME	F	-0.02%
	MDU	C	-0.02%
	DAR	F	-0.02%
	WH	B	-0.02%
	AGCO	D	-0.02%
	SRCL	A	-0.02%
	ESI	D	-0.02%
	BEN	F	-0.02%
	RITM	B	-0.02%
	IVZ	B	-0.02%
	LEA	F	-0.02%
	R	A	-0.02%
	GXO	D	-0.02%
	AZPN	B	-0.02%
	LFUS	C	-0.02%
	BBWI	F	-0.02%
	FLS	D	-0.02%
	AXS	B	-0.02%
	SIRI	C	-0.02%
	SNDR	B	-0.01%
	CERT	F	-0.01%
	PPC	D	-0.01%
	UAA	C	-0.01%
	UA	D	-0.01%
	GO	F	-0.01%
	FTRE	D	-0.01%
	AS	C	-0.01%
	TER	D	-0.01%
	MP	D	-0.01%
	BIRK	F	-0.01%
	LEG	D	-0.01%
	LPX	B	-0.01%
	IPGP	F	-0.01%
	LEN	B	-0.01%
	HAYW	C	-0.01%
	REYN	C	-0.01%
	VSTS	D	-0.01%
	ADT	C	-0.01%
	LLYVK	B	-0.01%
	GLOB	D	-0.01%
	KSS	F	-0.01%
	QS	F	-0.01%
	ETSY	F	-0.01%
	MASI	F	-0.01%
	BOKF	B	-0.01%
	HHH	C	-0.01%
	CWEN	C	-0.01%
	RCM	C	-0.01%
	ULTA	D	-0.01%
	AAP	F	-0.01%
	CC	F	-0.01%
	WU	F	-0.01%
	ENOV	D	-0.01%
	BRKR	D	-0.01%
	AGR	B	-0.01%
	CRI	D	-0.01%
	VAC	F	-0.01%
	SEE	D	-0.01%
	BHF	F	-0.01%
	PINC	C	-0.01%
	AZTA	F	-0.01%
	QDEL	D	-0.01%
	CLVT	D	-0.01%
	ZG	B	-0.01%
	SPB	C	-0.01%
	COLM	C	-0.01%
	VNOM	C	-0.01%
	PAG	D	-0.01%
	CXT	D	-0.01%
	VIRT	C	-0.01%
	IRDM	D	-0.01%
	FHB	D	-0.01%
	AMED	C	-0.01%
	NWS	D	-0.01%
	NXST	D	-0.01%
	PAYC	D	-0.01%
	PENN	D	-0.01%
	CNXC	F	-0.01%
	U	D	-0.01%
	NWL	C	-0.01%
	ZI	D	-0.01%
	LBTYA	B	-0.01%
	MAN	C	-0.01%
	HIW	B	-0.01%
	NVST	D	-0.01%
	AMKR	F	-0.01%
	LCID	C	-0.01%
	GTES	C	-0.01%
	LBTYK	B	-0.01%
	DNB	C	-0.01%
	HUN	D	-0.01%
	KMPR	D	-0.01%
	MSM	D	-0.01%
	SEG	C	-0.0%
	LOAR	C	-0.0%
	PARAA	D	-0.0%
	UWMC	D	-0.0%
	LAZ	B	-0.0%
	NFE	F	-0.0%
	GRAL	F	-0.0%
	DJT	F	-0.0%
	UHAL	A	-0.0%
	UI	B	-0.0%
	PLTK	C	-0.0%
	CACC	F	-0.0%
	PATH	D	-0.0%
	HCP	B	-0.0%
	TFSL	C	-0.0%
	TXG	D	-0.0%
	CAR	F	-0.0%
	LSCC	D	-0.0%
	SEB	D	-0.0%
	LBRDA	F	-0.0%
	LLYVA	B	-0.0%
	PYCR	D	-0.0%
	ALAB	D	-0.0%
	CWEN	C	-0.0%
	FWONA	C	-0.0%
	FIVE	D	-0.0%
	DDS	F	-0.0%
	WOLF	F	-0.0%
	MTN	D	-0.0%
	DV	F	-0.0%
	CNA	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

IWD: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Software - Application Utilities - Regulated Electric Oil & Gas E&P Semiconductors Asset Management Diagnostics & Research Biotechnology Business Services Specialty Retail Capital Markets Packaged Foods Specialty Chemicals Information Technology Services Insurance - Property & Casualty Packaging & Containers Aerospace & Defense Software - Infrastructure REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Real Estate Investment Trust Bank Electronics Banking Computing Chemical Aerospace Electricity Mining Telecommunications Insurance Products Semiconductor Medicine Beverage Biotechnology Dow Jones Component