FAD vs. PRF ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

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

$149.49

Average Daily Volume

4,463

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

209,512

Number of Holdings ^*

982

* may have additional holdings in another (foreign) market

Performance

Period	FAD	PRF
30 Days	9.58%	4.02%
60 Days	11.65%	5.08%
90 Days	14.77%	6.89%
12 Months	44.05%	30.29%

259 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in PRF	Overlap
A	D	0.07%	0.04%	0.04%
AAPL	C	0.17%	2.3%	0.17%
ACGL	D	0.37%	0.07%	0.07%
ADC	B	0.17%	0.02%	0.02%
ADP	B	0.09%	0.14%	0.09%
ADSK	A	0.19%	0.02%	0.02%
AES	F	0.09%	0.05%	0.05%
AGNC	D	0.08%	0.02%	0.02%
AIT	A	0.2%	0.02%	0.02%
AJG	B	0.26%	0.07%	0.07%
ALL	A	0.44%	0.2%	0.2%
ALLE	D	0.12%	0.02%	0.02%
ALSN	B	0.25%	0.03%	0.03%
AM	A	0.04%	0.01%	0.01%
AMGN	D	0.15%	0.32%	0.15%
AMP	A	0.41%	0.1%	0.1%
AMT	D	0.21%	0.15%	0.15%
AMZN	C	0.18%	1.74%	0.18%
ANET	C	0.33%	0.03%	0.03%
AON	A	0.09%	0.07%	0.07%
AOS	F	0.07%	0.01%	0.01%
APAM	B	0.03%	0.01%	0.01%
APH	A	0.18%	0.08%	0.08%
APO	B	0.32%	0.05%	0.05%
ARES	A	0.18%	0.02%	0.02%
ATI	D	0.18%	0.01%	0.01%
ATR	B	0.09%	0.02%	0.02%
AVB	B	0.08%	0.08%	0.08%
AVGO	D	0.32%	0.5%	0.32%
AXP	A	0.44%	0.29%	0.29%
AXTA	A	0.09%	0.03%	0.03%
AYI	B	0.15%	0.02%	0.02%
AZO	C	0.17%	0.07%	0.07%
BAH	F	0.29%	0.03%	0.03%
BCO	D	0.16%	0.01%	0.01%
BK	A	0.46%	0.27%	0.27%
BKNG	A	0.29%	0.1%	0.1%
BLD	D	0.15%	0.02%	0.02%
BR	A	0.26%	0.03%	0.03%
BRK.A	B	0.25%	2.34%	0.25%
BRO	B	0.36%	0.03%	0.03%
BRX	A	0.09%	0.03%	0.03%
BSX	B	0.36%	0.12%	0.12%
BURL	A	0.44%	0.03%	0.03%
BWXT	B	0.15%	0.02%	0.02%
BXMT	C	0.02%	0.02%	0.02%
CACI	D	0.18%	0.03%	0.03%
CASY	A	0.27%	0.04%	0.04%
CAT	B	0.33%	0.34%	0.33%
CBOE	B	0.17%	0.02%	0.02%
CBSH	A	0.1%	0.02%	0.02%
CBT	C	0.16%	0.02%	0.02%
CCI	D	0.07%	0.12%	0.07%
CCL	B	0.45%	0.07%	0.07%
CDP	C	0.05%	0.02%	0.02%
CEG	D	0.37%	0.13%	0.13%
CFR	B	0.1%	0.02%	0.02%
CHD	B	0.09%	0.04%	0.04%
CL	D	0.22%	0.13%	0.13%
CLH	B	0.13%	0.02%	0.02%
CMG	B	0.08%	0.03%	0.03%
CNM	D	0.04%	0.01%	0.01%
COHR	B	0.22%	0.03%	0.03%
COIN	C	0.31%	0.03%	0.03%
COST	B	0.35%	0.56%	0.35%
CPAY	A	0.2%	0.04%	0.04%
CPNG	D	0.42%	0.03%	0.03%
CPT	B	0.08%	0.04%	0.04%
CRM	B	0.1%	0.25%	0.1%
CSL	C	0.24%	0.03%	0.03%
CTAS	B	0.35%	0.06%	0.06%
CUBE	D	0.08%	0.02%	0.02%
CW	B	0.22%	0.02%	0.02%
DASH	A	0.51%	0.03%	0.03%
DCI	B	0.04%	0.02%	0.02%
DECK	A	0.27%	0.02%	0.02%
DKS	C	0.12%	0.03%	0.03%
DLR	B	0.09%	0.13%	0.09%
DOV	A	0.18%	0.05%	0.05%
DTM	B	0.11%	0.03%	0.03%
DVA	B	0.2%	0.04%	0.04%
DY	D	0.21%	0.02%	0.02%
ECL	D	0.24%	0.07%	0.07%
EEFT	B	0.09%	0.01%	0.01%
EFX	F	0.21%	0.03%	0.03%
EGP	F	0.04%	0.01%	0.01%
EHC	B	0.17%	0.02%	0.02%
ELAN	D	0.04%	0.03%	0.03%
EME	C	0.49%	0.04%	0.04%
EPR	D	0.04%	0.02%	0.02%
EQIX	A	0.08%	0.1%	0.08%
ESAB	B	0.1%	0.01%	0.01%
ESI	A	0.04%	0.01%	0.01%
ESS	B	0.08%	0.05%	0.05%
ETN	A	0.18%	0.18%	0.18%
EWBC	A	0.21%	0.04%	0.04%
EXEL	B	0.22%	0.02%	0.02%
EXPE	B	0.51%	0.04%	0.04%
EXR	D	0.15%	0.04%	0.04%
FAST	B	0.09%	0.06%	0.06%
FCN	D	0.07%	0.01%	0.01%
FCNCA	A	0.4%	0.03%	0.03%
FFIV	B	0.14%	0.02%	0.02%
FI	A	0.4%	0.22%	0.22%
FLS	B	0.14%	0.02%	0.02%
FND	C	0.07%	0.01%	0.01%
FR	C	0.04%	0.01%	0.01%
FSLR	F	0.33%	0.03%	0.03%
FTNT	C	0.29%	0.01%	0.01%
GAP	C	0.08%	0.03%	0.03%
GATX	A	0.05%	0.02%	0.02%
GDDY	A	0.5%	0.02%	0.02%
GE	D	0.32%	0.23%	0.23%
GEN	B	0.36%	0.06%	0.06%
GLPI	C	0.08%	0.03%	0.03%
GME	C	0.1%	0.02%	0.02%
GOOGL	C	0.09%	1.03%	0.09%
GPK	C	0.08%	0.03%	0.03%
GPN	B	0.09%	0.07%	0.07%
GRMN	B	0.4%	0.06%	0.06%
GS	A	0.5%	0.78%	0.5%
GTLS	B	0.06%	0.01%	0.01%
GWW	B	0.28%	0.06%	0.06%
HCA	F	0.35%	0.15%	0.15%
HEI	B	0.44%	0.01%	0.01%
HEI	B	0.44%	0.01%	0.01%
HLT	A	0.27%	0.03%	0.03%
HOMB	A	0.14%	0.02%	0.02%
HOOD	B	0.5%	0.03%	0.03%
HRB	D	0.16%	0.02%	0.02%
HUBB	B	0.26%	0.03%	0.03%
HWM	A	0.48%	0.05%	0.05%
IBM	C	0.32%	0.53%	0.32%
ICE	C	0.24%	0.12%	0.12%
IR	B	0.17%	0.03%	0.03%
IRM	D	0.41%	0.08%	0.08%
IRT	A	0.09%	0.01%	0.01%
ISRG	A	0.27%	0.08%	0.08%
IT	C	0.17%	0.02%	0.02%
ITT	A	0.17%	0.02%	0.02%
ITW	B	0.08%	0.12%	0.08%
JPM	A	0.39%	2.2%	0.39%
KD	B	0.05%	0.05%	0.05%
KEX	C	0.17%	0.02%	0.02%
KKR	A	0.49%	0.13%	0.13%
KLAC	D	0.07%	0.05%	0.05%
KMB	D	0.08%	0.13%	0.08%
KNF	A	0.22%	0.01%	0.01%
KO	D	0.15%	0.47%	0.15%
KRG	B	0.08%	0.02%	0.02%
LAMR	D	0.08%	0.03%	0.03%
LII	A	0.35%	0.02%	0.02%
LIN	D	0.08%	0.28%	0.08%
LITE	B	0.09%	0.02%	0.02%
LLY	F	0.14%	0.21%	0.14%
LNW	D	0.04%	0.02%	0.02%
LPLA	A	0.11%	0.03%	0.03%
LVS	C	0.24%	0.03%	0.03%
LYV	A	0.41%	0.02%	0.02%
MA	C	0.09%	0.17%	0.09%
MAC	B	0.05%	0.02%	0.02%
MAR	B	0.19%	0.06%	0.06%
MCD	D	0.16%	0.29%	0.16%
MCO	B	0.25%	0.06%	0.06%
META	D	0.33%	0.96%	0.33%
MKL	A	0.09%	0.08%	0.08%
MMC	B	0.17%	0.13%	0.13%
MO	A	0.19%	0.52%	0.19%
MSCI	C	0.08%	0.02%	0.02%
MSI	B	0.37%	0.07%	0.07%
MTCH	D	0.1%	0.01%	0.01%
MTD	D	0.06%	0.02%	0.02%
MU	D	0.08%	0.31%	0.08%
NDAQ	A	0.27%	0.03%	0.03%
NEE	D	0.31%	0.38%	0.31%
NFLX	A	0.29%	0.21%	0.21%
NNN	D	0.04%	0.02%	0.02%
NOW	A	0.38%	0.04%	0.04%
NRG	B	0.43%	0.11%	0.11%
NTAP	C	0.24%	0.06%	0.06%
NTRS	A	0.41%	0.1%	0.1%
NVDA	C	0.39%	0.26%	0.26%
O	D	0.15%	0.1%	0.1%
OHI	C	0.12%	0.03%	0.03%
ONB	B	0.14%	0.02%	0.02%
ORCL	B	0.37%	0.32%	0.32%
ORLY	B	0.18%	0.06%	0.06%
OTIS	C	0.16%	0.06%	0.06%
OUT	A	0.1%	0.02%	0.02%
PAYX	C	0.09%	0.07%	0.07%
PCG	A	0.36%	0.11%	0.11%
PEG	A	0.34%	0.15%	0.15%
PG	A	0.08%	0.71%	0.08%
PGR	A	0.43%	0.25%	0.25%
PH	A	0.37%	0.11%	0.11%
PM	B	0.37%	0.66%	0.37%
PMT	D	0.07%	0.01%	0.01%
PRI	A	0.14%	0.02%	0.02%
PSA	D	0.23%	0.07%	0.07%
PWR	A	0.46%	0.06%	0.06%
QCOM	F	0.08%	0.31%	0.08%
RCL	A	0.55%	0.05%	0.05%
REG	B	0.09%	0.04%	0.04%
RGLD	C	0.04%	0.01%	0.01%
RIVN	F	0.15%	0.02%	0.02%
RL	B	0.18%	0.02%	0.02%
RLI	B	0.09%	0.01%	0.01%
RMD	C	0.33%	0.03%	0.03%
ROST	C	0.16%	0.06%	0.06%
RSG	A	0.18%	0.06%	0.06%
RUN	F	0.09%	0.01%	0.01%
SBAC	D	0.08%	0.02%	0.02%
SBRA	C	0.12%	0.02%	0.02%
SCI	B	0.14%	0.03%	0.03%
SFM	A	0.27%	0.05%	0.05%
SHW	A	0.33%	0.09%	0.09%
SLG	B	0.18%	0.04%	0.04%
SLVM	B	0.12%	0.02%	0.02%
SMG	D	0.14%	0.02%	0.02%
SO	D	0.24%	0.36%	0.24%
SOFI	A	0.3%	0.02%	0.02%
SPG	B	0.18%	0.12%	0.12%
SPGI	C	0.24%	0.17%	0.17%
SYK	C	0.09%	0.12%	0.09%
TDG	D	0.3%	0.07%	0.07%
THC	D	0.39%	0.12%	0.12%
TJX	A	0.25%	0.19%	0.19%
TMUS	B	0.39%	0.33%	0.33%
TNL	A	0.06%	0.02%	0.02%
TRGP	B	0.57%	0.1%	0.1%
TRMB	B	0.05%	0.03%	0.03%
TRN	C	0.13%	0.02%	0.02%
TSCO	D	0.23%	0.05%	0.05%
TSLA	B	0.22%	0.37%	0.22%
TT	A	0.44%	0.1%	0.1%
TXRH	C	0.18%	0.02%	0.02%
TYL	B	0.25%	0.02%	0.02%
UBER	D	0.23%	0.05%	0.05%
UDR	B	0.04%	0.04%	0.04%
URI	B	0.43%	0.11%	0.11%
UTHR	C	0.42%	0.04%	0.04%
VICI	C	0.16%	0.07%	0.07%
VLTO	D	0.23%	0.02%	0.02%
VRT	B	0.52%	0.02%	0.02%
VRTX	F	0.08%	0.09%	0.08%
VST	B	0.52%	0.15%	0.15%
VTR	C	0.42%	0.11%	0.11%
WAB	B	0.45%	0.06%	0.06%
WAT	B	0.08%	0.02%	0.02%
WDAY	B	0.09%	0.02%	0.02%
WELL	A	0.26%	0.16%	0.16%
WM	A	0.09%	0.13%	0.09%
WMB	A	0.21%	0.24%	0.21%
WSM	B	0.15%	0.03%	0.03%
WSO	A	0.26%	0.03%	0.03%
WWD	B	0.12%	0.01%	0.01%
WYNN	D	0.12%	0.01%	0.01%
XYL	D	0.22%	0.03%	0.03%
ZTS	D	0.07%	0.06%	0.06%

FAD Overweight 382 Positions Relative to PRF

Symbol	Grade	Weight
APP	B	0.96%
PLTR	B	0.69%
AXON	A	0.63%
CVNA	B	0.59%
FICO	B	0.49%
RBLX	C	0.39%
TPL	A	0.39%
AFRM	B	0.32%
ERIE	D	0.32%
ALNY	D	0.29%
TTD	B	0.26%
AX	A	0.26%
PIPR	B	0.25%
QTWO	A	0.25%
NTRA	B	0.25%
FOUR	B	0.24%
HLNE	B	0.24%
CORT	B	0.24%
RDNT	B	0.24%
MANH	D	0.24%
RKLB	B	0.24%
FIX	A	0.24%
SFBS	B	0.24%
DUOL	A	0.23%
KTB	B	0.23%
CSWI	A	0.23%
CRS	A	0.23%
TOST	B	0.23%
IBKR	A	0.22%
ACIW	B	0.22%
MOG.A	B	0.22%
CVLT	B	0.22%
ITRI	B	0.22%
ENSG	D	0.21%
IOT	A	0.21%
MOD	A	0.2%
AAON	B	0.2%
LTH	C	0.2%
FFIN	B	0.19%
PODD	C	0.19%
MSTR	C	0.19%
PSN	D	0.19%
HIMS	B	0.19%
GMED	A	0.19%
PANW	C	0.19%
COKE	C	0.19%
TPG	A	0.19%
EAT	A	0.19%
EXLS	B	0.19%
DELL	C	0.19%
HLI	B	0.19%
PEGA	A	0.19%
MMSI	B	0.18%
GWRE	A	0.18%
CRVL	A	0.18%
TTEK	F	0.18%
FRPT	B	0.18%
BOOT	D	0.17%
ROL	B	0.17%
TKO	B	0.17%
PAYO	A	0.17%
ANF	C	0.17%
ITGR	B	0.17%
AUR	C	0.17%
EXP	A	0.17%
ROAD	A	0.16%
IDCC	A	0.16%
POWL	C	0.16%
DOCU	A	0.16%
NCLH	B	0.16%
IESC	B	0.16%
BFAM	D	0.16%
FSS	B	0.16%
BMI	B	0.16%
EPRT	B	0.16%
PRIM	A	0.16%
AVAV	D	0.16%
CRDO	B	0.16%
TRUP	B	0.15%
AWI	A	0.15%
GVA	A	0.15%
KAI	A	0.15%
LMND	B	0.15%
IBOC	A	0.15%
PLNT	A	0.15%
WWW	B	0.15%
BRBR	A	0.15%
TGTX	B	0.15%
STRL	B	0.15%
PI	D	0.14%
FTDR	A	0.14%
PRCT	B	0.14%
ZETA	D	0.14%
STEP	B	0.14%
WHD	B	0.14%
CNK	B	0.14%
S	B	0.14%
IBP	D	0.14%
ATGE	B	0.14%
PJT	A	0.14%
MCY	A	0.14%
USLM	A	0.14%
LRN	A	0.14%
ENVA	B	0.14%
DOCS	C	0.14%
QCRH	A	0.14%
WULF	C	0.14%
LNTH	D	0.14%
TBBK	B	0.13%
BDC	B	0.13%
REVG	B	0.13%
ACLX	C	0.13%
GSHD	A	0.13%
AXSM	B	0.13%
BOX	B	0.13%
VCYT	B	0.13%
CNS	B	0.13%
HASI	D	0.13%
TW	A	0.13%
RYAN	B	0.13%
RYTM	C	0.13%
OLLI	D	0.12%
CHEF	A	0.12%
HWKN	B	0.12%
ADMA	B	0.12%
NYT	C	0.12%
NHC	C	0.12%
DSGR	D	0.12%
SKWD	A	0.12%
AMRX	C	0.12%
CALM	A	0.12%
HNI	B	0.12%
DT	C	0.12%
PBI	B	0.12%
AZEK	A	0.12%
SKYW	B	0.12%
HALO	F	0.12%
LMAT	A	0.11%
MPWR	F	0.11%
KYMR	D	0.11%
PTGX	C	0.11%
MWA	B	0.11%
OSW	A	0.11%
VRNS	D	0.11%
PRK	B	0.11%
NBHC	B	0.11%
PLMR	B	0.11%
PRM	C	0.11%
ALKT	B	0.11%
VCTR	B	0.11%
RNA	D	0.11%
INTA	A	0.11%
ALHC	C	0.11%
SYBT	B	0.11%
DORM	B	0.11%
INSM	C	0.11%
CWAN	B	0.11%
CDE	D	0.11%
AGIO	C	0.11%
PTON	B	0.11%
SATS	D	0.11%
SGBX	F	0.11%
LFST	C	0.1%
AORT	B	0.1%
SMTC	B	0.1%
CENX	B	0.1%
WING	D	0.1%
RARE	D	0.1%
PCTY	B	0.1%
SABR	C	0.1%
RVMD	C	0.1%
CRWD	B	0.1%
CPRX	C	0.1%
CCOI	B	0.1%
PTCT	B	0.1%
CRUS	D	0.1%
JANX	C	0.1%
MIRM	B	0.1%
CRAI	B	0.1%
MNKD	C	0.1%
TGLS	B	0.1%
INSP	D	0.1%
CHWY	B	0.1%
CHDN	B	0.09%
TMDX	F	0.09%
ORA	B	0.09%
RHP	B	0.09%
DBX	B	0.09%
MKTX	D	0.09%
GKOS	B	0.09%
MSGS	A	0.09%
NMIH	D	0.09%
WTTR	B	0.09%
DKNG	B	0.09%
BCRX	D	0.09%
CWST	A	0.09%
OSCR	D	0.09%
VERX	B	0.09%
YOU	D	0.09%
WTM	A	0.09%
ITCI	C	0.09%
PRGS	A	0.09%
FBP	B	0.09%
NPAB	B	0.09%
BLBD	D	0.08%
UE	C	0.08%
HURN	B	0.08%
CHCO	B	0.08%
OII	B	0.08%
RNG	B	0.08%
HRMY	D	0.08%
ESE	B	0.08%
SHAK	C	0.08%
MGNI	A	0.08%
VITL	D	0.08%
GERN	D	0.08%
BLKB	B	0.08%
CIFR	B	0.08%
BPMC	C	0.08%
CTRE	D	0.08%
BANF	B	0.08%
CAKE	C	0.08%
BGC	C	0.08%
WT	B	0.08%
APOG	B	0.08%
SITM	B	0.08%
KNSL	B	0.08%
GABC	B	0.08%
CROX	D	0.08%
CARG	C	0.08%
SEMR	B	0.08%
BCPC	B	0.08%
ASTH	D	0.08%
MBIN	D	0.08%
UFPT	B	0.08%
CWT	D	0.07%
WRBY	B	0.07%
VRRM	D	0.07%
ESRT	C	0.07%
NRIX	D	0.07%
EXPO	D	0.07%
KN	B	0.07%
OSIS	B	0.07%
AAT	B	0.07%
COLL	F	0.07%
AZZ	B	0.07%
KTOS	B	0.07%
GFF	A	0.07%
IIPR	D	0.06%
MGEE	C	0.06%
DRVN	B	0.06%
LYFT	C	0.06%
AROC	B	0.06%
HEES	B	0.06%
ICFI	F	0.06%
BLFS	C	0.06%
HLIT	D	0.06%
CEIX	A	0.06%
CLSK	C	0.06%
FLNC	C	0.06%
ADUS	D	0.06%
ASPN	F	0.06%
KNTK	B	0.06%
IOVA	F	0.06%
NSA	D	0.06%
DOCN	D	0.06%
AMPH	D	0.06%
BRC	D	0.06%
TWST	D	0.06%
NHI	D	0.06%
CMPR	D	0.05%
GTX	D	0.05%
AESI	B	0.05%
SXT	B	0.05%
JJSF	B	0.05%
IAS	C	0.05%
MARA	C	0.05%
CHH	A	0.05%
UMH	C	0.05%
KW	B	0.05%
AIV	C	0.05%
SCS	C	0.05%
FCPT	C	0.05%
LOPE	B	0.05%
SWI	B	0.05%
TNDM	F	0.05%
OCUL	D	0.05%
NTNX	A	0.05%
GTY	B	0.05%
ARQT	C	0.05%
NEO	C	0.05%
NXRT	B	0.05%
OWL	A	0.05%
CPK	A	0.05%
MASI	A	0.05%
DAY	B	0.05%
WDFC	B	0.05%
ACVA	B	0.05%
SKT	B	0.05%
BANC	A	0.05%
GH	B	0.05%
AGM	C	0.05%
LGND	B	0.05%
SXI	B	0.05%
AGYS	A	0.05%
BKD	D	0.05%
LKFN	B	0.05%
EPAC	B	0.05%
PAYC	B	0.05%
CHE	D	0.04%
MEDP	D	0.04%
SSD	D	0.04%
CDRE	D	0.04%
HUMA	F	0.04%
MYGN	F	0.04%
PHR	F	0.04%
DNLI	D	0.04%
IPAR	B	0.04%
ROIV	C	0.04%
APPF	B	0.04%
NEU	C	0.04%
H	B	0.04%
EVH	F	0.04%
ALX	D	0.04%
RXST	F	0.04%
ELME	D	0.04%
MORN	B	0.04%
MAIN	A	0.04%
CRNX	C	0.04%
NVAX	F	0.04%
HLX	B	0.04%
ANIP	F	0.04%
RBC	A	0.04%
GOLF	B	0.04%
MLNK	B	0.03%
PLAY	D	0.03%
APPN	B	0.03%
LCID	F	0.03%
SMPL	B	0.03%
ACAD	D	0.03%
CTS	C	0.03%
CARS	B	0.03%
WABC	B	0.03%
CBZ	B	0.03%
TDW	F	0.03%
BRKR	D	0.03%
SOUN	C	0.03%
PAR	B	0.03%
U	C	0.03%
MIR	A	0.03%
TGI	B	0.03%
ARDX	F	0.03%
TECH	D	0.03%
CLDX	F	0.02%
RLAY	F	0.02%
XPRO	F	0.02%
LPG	F	0.02%
VECO	F	0.02%
AZTA	D	0.02%
JAMF	F	0.02%
JOE	F	0.02%
GNL	F	0.02%
NSSC	D	0.02%
PZZA	D	0.02%
TNC	D	0.02%
FOLD	F	0.02%
ENVX	F	0.02%
RRR	D	0.02%
ARLO	C	0.02%
IRDM	D	0.02%
AMC	C	0.02%
BEAM	D	0.02%
FBRT	C	0.02%
AWR	B	0.02%
YELP	C	0.02%
WEN	D	0.02%
THR	B	0.02%
STRA	C	0.02%
LTC	B	0.02%
TR	B	0.02%
BL	B	0.02%
CLB	B	0.02%

FAD Underweight 723 Positions Relative to PRF

Symbol	Grade	Weight
XOM	B	-2.24%
MSFT	F	-1.86%
BAC	A	-1.37%
WFC	A	-1.29%
VZ	C	-1.19%
T	A	-1.18%
WMT	A	-1.16%
CVX	A	-1.16%
C	A	-1.14%
UNH	C	-1.06%
JNJ	D	-0.92%
GOOG	C	-0.89%
GM	B	-0.79%
CMCSA	B	-0.78%
PFE	D	-0.77%
HD	A	-0.73%
CSCO	B	-0.64%
MS	A	-0.58%
ABBV	D	-0.57%
CVS	D	-0.53%
PEP	F	-0.48%
RTX	C	-0.47%
INTC	D	-0.45%
MCK	B	-0.45%
MMM	D	-0.42%
BMY	B	-0.42%
COP	C	-0.42%
DIS	B	-0.42%
MRK	F	-0.41%
COF	B	-0.41%
DUK	C	-0.4%
F	C	-0.39%
USB	A	-0.38%
PNC	B	-0.37%
CI	F	-0.37%
GILD	C	-0.37%
TFC	A	-0.36%
MDT	D	-0.35%
TXN	C	-0.34%
LOW	D	-0.34%
LMT	D	-0.34%
BLK	C	-0.33%
VLO	C	-0.33%
ABT	B	-0.32%
UPS	C	-0.32%
AIG	B	-0.31%
FDX	B	-0.31%
KR	B	-0.31%
MPC	D	-0.31%
HON	B	-0.3%
CB	C	-0.3%
KMI	A	-0.3%
MET	A	-0.29%
PSX	C	-0.29%
CAH	B	-0.29%
TGT	F	-0.29%
ELV	F	-0.28%
EOG	A	-0.27%
COR	B	-0.26%
D	C	-0.26%
UNP	C	-0.25%
ACN	C	-0.25%
CHTR	C	-0.25%
V	A	-0.25%
TRV	B	-0.24%
SYF	B	-0.23%
PRU	A	-0.23%
CNC	D	-0.22%
DE	A	-0.22%
TMO	F	-0.22%
ADM	D	-0.21%
EXC	C	-0.2%
DFS	B	-0.2%
PYPL	B	-0.2%
AFL	B	-0.2%
AEP	D	-0.2%
HPQ	B	-0.19%
HPE	B	-0.19%
SRE	A	-0.19%
OKE	A	-0.18%
GD	F	-0.18%
DOW	F	-0.18%
JCI	C	-0.18%
SCHW	B	-0.18%
MDLZ	F	-0.18%
ADI	D	-0.17%
DD	D	-0.17%
NOC	D	-0.17%
SBUX	A	-0.17%
CFG	B	-0.16%
DHR	F	-0.16%
STT	A	-0.16%
NEM	D	-0.16%
MTB	A	-0.16%
APD	A	-0.16%
WBD	C	-0.16%
XEL	A	-0.15%
EMR	A	-0.15%
AMD	F	-0.15%
FIS	C	-0.15%
ETR	B	-0.15%
ED	D	-0.15%
PLD	D	-0.15%
TSN	B	-0.15%
CMI	A	-0.15%
IP	B	-0.15%
CSX	B	-0.14%
SYY	B	-0.14%
BBY	D	-0.14%
PPL	B	-0.14%
EIX	B	-0.14%
KHC	F	-0.14%
LYB	F	-0.14%
FCX	D	-0.14%
HIG	B	-0.14%
PCAR	B	-0.14%
FITB	A	-0.14%
HUM	C	-0.14%
CME	A	-0.14%
CBRE	B	-0.13%
BDX	F	-0.13%
OXY	D	-0.13%
ZIM	C	-0.13%
GIS	D	-0.13%
NSC	B	-0.13%
SLB	C	-0.13%
BX	A	-0.13%
NUE	C	-0.12%
BKR	B	-0.12%
LHX	C	-0.12%
HBAN	A	-0.12%
LUMN	C	-0.12%
DHI	D	-0.12%
NKE	D	-0.12%
LEN	D	-0.12%
PARA	C	-0.12%
RF	A	-0.12%
AMAT	F	-0.12%
GLW	B	-0.12%
ES	D	-0.11%
WEC	A	-0.11%
CARR	D	-0.11%
WBA	F	-0.11%
KEY	B	-0.11%
BA	F	-0.11%
ADBE	C	-0.11%
DTE	C	-0.1%
CTSH	B	-0.1%
REGN	F	-0.1%
BG	F	-0.1%
DVN	F	-0.1%
PFG	D	-0.1%
FE	C	-0.1%
WDC	D	-0.1%
GEV	B	-0.1%
USFD	A	-0.09%
AER	B	-0.09%
WY	D	-0.09%
BIIB	F	-0.09%
VTRS	A	-0.09%
KDP	D	-0.09%
EBAY	D	-0.09%
INTU	C	-0.09%
TROW	B	-0.09%
AEE	A	-0.09%
JXN	C	-0.09%
CTVA	C	-0.09%
EVRG	A	-0.08%
GEHC	F	-0.08%
FLEX	A	-0.08%
CHRW	C	-0.08%
PFGC	B	-0.08%
FANG	D	-0.08%
NXPI	D	-0.08%
CINF	A	-0.08%
IFF	D	-0.08%
ALLY	C	-0.08%
ARW	D	-0.08%
K	A	-0.08%
KMX	B	-0.08%
EQR	B	-0.08%
UNM	A	-0.08%
OMC	C	-0.08%
PPG	F	-0.07%
LNC	B	-0.07%
STZ	D	-0.07%
RJF	A	-0.07%
HAL	C	-0.07%
FNF	B	-0.07%
DGX	A	-0.07%
LNG	B	-0.07%
VFC	C	-0.07%
STX	D	-0.07%
SWK	D	-0.07%
DOC	D	-0.07%
CAG	D	-0.07%
EQT	B	-0.07%
JEF	A	-0.07%
SQ	B	-0.07%
WTW	B	-0.07%
CMS	C	-0.07%
CTRA	B	-0.07%
MRO	B	-0.07%
STLD	B	-0.07%
PHM	D	-0.07%
CNP	B	-0.07%
LRCX	F	-0.07%
ACI	C	-0.07%
AA	B	-0.07%
BLDR	D	-0.06%
IVZ	B	-0.06%
MHK	D	-0.06%
EQH	B	-0.06%
WCC	B	-0.06%
ATO	A	-0.06%
LH	C	-0.06%
VNO	B	-0.06%
CMA	A	-0.06%
MOS	F	-0.06%
CRBG	B	-0.06%
ORI	A	-0.06%
CF	B	-0.06%
PNW	B	-0.06%
LAD	A	-0.06%
LDOS	C	-0.06%
PKG	A	-0.06%
RGA	A	-0.06%
UAL	A	-0.06%
WHR	B	-0.06%
L	A	-0.06%
BXP	D	-0.06%
NI	A	-0.06%
ARE	D	-0.06%
EMN	D	-0.06%
FYBR	D	-0.06%
ROP	B	-0.06%
JLL	D	-0.06%
R	B	-0.06%
MRVL	B	-0.06%
UGI	A	-0.05%
INVH	D	-0.05%
DXC	B	-0.05%
DRI	B	-0.05%
ZBH	C	-0.05%
HBI	B	-0.05%
SJM	D	-0.05%
EG	C	-0.05%
TWLO	A	-0.05%
BALL	D	-0.05%
ZION	B	-0.05%
CLX	B	-0.05%
NVR	D	-0.05%
ACM	A	-0.05%
UHS	D	-0.05%
MCHP	D	-0.05%
X	C	-0.05%
RS	B	-0.05%
ROK	B	-0.05%
MOH	F	-0.05%
BAP	B	-0.05%
MAA	B	-0.05%
KIM	A	-0.05%
BAX	D	-0.05%
BJ	A	-0.05%
TOL	B	-0.05%
AN	C	-0.05%
OC	A	-0.05%
BWA	D	-0.05%
TAP	C	-0.05%
M	D	-0.05%
YUM	B	-0.05%
OMF	A	-0.05%
CNH	C	-0.05%
IQV	D	-0.05%
SOLV	C	-0.05%
FHN	A	-0.05%
TDS	B	-0.05%
JBL	B	-0.05%
LNT	A	-0.05%
AFG	A	-0.05%
DG	F	-0.05%
GPC	D	-0.05%
AWK	D	-0.05%
FOXA	B	-0.05%
HES	B	-0.05%
AVT	C	-0.04%
SUI	D	-0.04%
BEN	C	-0.04%
WPC	D	-0.04%
DINO	D	-0.04%
GT	C	-0.04%
WBS	A	-0.04%
HST	C	-0.04%
SSNC	B	-0.04%
TPR	B	-0.04%
PBF	D	-0.04%
ZBRA	B	-0.04%
HOLX	D	-0.04%
WRB	A	-0.04%
LEA	D	-0.04%
STWD	C	-0.04%
SNV	B	-0.04%
INGR	B	-0.04%
ABG	B	-0.04%
TMHC	B	-0.04%
J	F	-0.04%
ON	D	-0.04%
APA	D	-0.04%
CDW	F	-0.04%
SNX	C	-0.04%
APTV	D	-0.04%
DLTR	F	-0.04%
CCK	C	-0.04%
NWL	B	-0.04%
TDY	B	-0.04%
KSS	F	-0.04%
HAS	D	-0.04%
FAF	A	-0.04%
MGM	D	-0.04%
EXPD	D	-0.04%
LKQ	D	-0.04%
MRNA	F	-0.04%
OGE	B	-0.04%
AIZ	A	-0.04%
MLM	B	-0.04%
BERY	B	-0.04%
TTWO	A	-0.04%
MKC	D	-0.04%
CCEP	C	-0.04%
BFH	B	-0.04%
OVV	B	-0.04%
TXT	D	-0.04%
GPI	A	-0.04%
AR	B	-0.04%
IPG	D	-0.04%
HSY	F	-0.04%
MTZ	B	-0.04%
VMC	B	-0.04%
EA	A	-0.04%
MPW	F	-0.04%
SNA	A	-0.04%
DAL	C	-0.04%
AME	A	-0.04%
PK	B	-0.03%
OLN	D	-0.03%
ICLR	D	-0.03%
GL	B	-0.03%
CMC	B	-0.03%
BHF	B	-0.03%
ALV	C	-0.03%
MAN	D	-0.03%
CLF	F	-0.03%
KRC	C	-0.03%
WTFC	A	-0.03%
DAR	C	-0.03%
AGCO	D	-0.03%
OSK	B	-0.03%
WTRG	B	-0.03%
VLY	B	-0.03%
LBRDK	C	-0.03%
VRSK	A	-0.03%
CTLT	B	-0.03%
RIG	D	-0.03%
ODFL	B	-0.03%
JBHT	C	-0.03%
CAR	C	-0.03%
GXO	B	-0.03%
GNRC	B	-0.03%
ZM	B	-0.03%
WU	D	-0.03%
STE	F	-0.03%
CNO	A	-0.03%
FOX	A	-0.03%
BECN	B	-0.03%
AL	B	-0.03%
PNFP	B	-0.03%
FLR	B	-0.03%
THO	B	-0.03%
CPRT	A	-0.03%
PNR	A	-0.03%
EW	C	-0.03%
FNB	A	-0.03%
BPOP	B	-0.03%
JWN	C	-0.03%
SANM	B	-0.03%
NWSA	B	-0.03%
CNX	A	-0.03%
TRU	D	-0.03%
COOP	B	-0.03%
CG	A	-0.03%
KEYS	A	-0.03%
RRX	B	-0.03%
PB	A	-0.03%
AXS	A	-0.03%
GEO	B	-0.03%
CZR	F	-0.03%
AVY	D	-0.03%
MTH	D	-0.03%
SNPS	B	-0.03%
RVTY	F	-0.03%
MNST	C	-0.03%
ALB	C	-0.03%
MAS	D	-0.03%
ARMK	B	-0.03%
KNX	B	-0.03%
OGN	D	-0.03%
JNPR	F	-0.03%
PENN	C	-0.03%
FTV	C	-0.03%
FMC	D	-0.03%
JHG	A	-0.03%
VOYA	B	-0.03%
HSIC	B	-0.03%
WAL	B	-0.03%
AVTR	F	-0.03%
CPB	D	-0.03%
SPOT	B	-0.03%
HRL	D	-0.03%
RPM	A	-0.03%
MUSA	A	-0.03%
SWKS	F	-0.03%
SF	B	-0.03%
TKR	D	-0.02%
VEEV	C	-0.02%
MSM	C	-0.02%
ASGN	F	-0.02%
MC	C	-0.02%
CHRD	D	-0.02%
PCH	D	-0.02%
RH	B	-0.02%
HP	B	-0.02%
GGG	B	-0.02%
FDS	B	-0.02%
JKHY	D	-0.02%
APLE	B	-0.02%
CATY	B	-0.02%
TTMI	B	-0.02%
ALGN	D	-0.02%
DK	C	-0.02%
ADNT	F	-0.02%
ESNT	D	-0.02%
GHC	C	-0.02%
POOL	C	-0.02%
AVA	A	-0.02%
LW	C	-0.02%
NDSN	B	-0.02%
SFNC	B	-0.02%
RPRX	D	-0.02%
COLD	D	-0.02%
HCC	B	-0.02%
SIG	B	-0.02%
Z	A	-0.02%
NSIT	F	-0.02%
RUSHA	C	-0.02%
FLO	D	-0.02%
AAL	B	-0.02%
QRVO	F	-0.02%
LSTR	D	-0.02%
GMS	B	-0.02%
CRL	C	-0.02%
NJR	A	-0.02%
MDU	D	-0.02%
VAC	B	-0.02%
NAVI	C	-0.02%
HUBG	A	-0.02%
HLF	C	-0.02%
CC	C	-0.02%
MKSI	C	-0.02%
NVST	B	-0.02%
ALE	A	-0.02%
OI	C	-0.02%
PII	D	-0.02%
SLGN	A	-0.02%
NWE	B	-0.02%
FULT	A	-0.02%
ST	F	-0.02%
ABCB	B	-0.02%
CXW	B	-0.02%
UHAL	D	-0.02%
PAG	B	-0.02%
DPZ	C	-0.02%
AGR	B	-0.02%
VMI	B	-0.02%
PLXS	B	-0.02%
CHKP	D	-0.02%
WKC	D	-0.02%
GRAB	B	-0.02%
KBR	F	-0.02%
REZI	A	-0.02%
HRI	B	-0.02%
MIDD	C	-0.02%
FHB	A	-0.02%
LUV	C	-0.02%
AGO	B	-0.02%
MELI	D	-0.02%
UMBF	B	-0.02%
UNFI	A	-0.02%
BTU	B	-0.02%
SAIC	F	-0.02%
SR	A	-0.02%
AVNT	B	-0.02%
MHO	D	-0.02%
PNM	F	-0.02%
SEM	B	-0.02%
BC	C	-0.02%
NVT	B	-0.02%
SCCO	F	-0.02%
COLB	A	-0.02%
PHIN	A	-0.02%
SM	B	-0.02%
OGS	A	-0.02%
MAT	D	-0.02%
SEE	C	-0.02%
CR	A	-0.02%
FL	F	-0.02%
ELS	C	-0.02%
HOG	D	-0.02%
G	B	-0.02%
TER	D	-0.02%
NOV	C	-0.02%
JAZZ	B	-0.02%
POST	C	-0.02%
KMPR	B	-0.02%
BKU	A	-0.02%
LULU	C	-0.02%
CE	F	-0.02%
RNR	C	-0.02%
SLM	A	-0.02%
AAP	C	-0.02%
MTG	C	-0.02%
TCBI	B	-0.02%
OZK	B	-0.02%
UFPI	B	-0.02%
INCY	C	-0.02%
CDNS	B	-0.02%
GBCI	B	-0.02%
XPO	B	-0.02%
PRGO	B	-0.02%
FBIN	D	-0.02%
RHI	B	-0.02%
IEX	B	-0.02%
PVH	C	-0.02%
AMG	B	-0.02%
RDN	C	-0.02%
MUR	D	-0.02%
HWC	B	-0.02%
IDA	A	-0.02%
BCC	B	-0.02%
ANSS	B	-0.02%
HIW	D	-0.02%
ASB	B	-0.02%
DEI	B	-0.02%
THG	A	-0.02%
SON	D	-0.02%
SKX	D	-0.02%
CWK	B	-0.02%
AKAM	D	-0.02%
BKH	A	-0.02%
KBH	D	-0.02%
CIEN	B	-0.02%
POR	C	-0.02%
CSGP	D	-0.02%
AMH	D	-0.02%
ABM	B	-0.02%
HUN	F	-0.02%
ILMN	D	-0.02%
CADE	B	-0.02%
EL	F	-0.02%
LPX	B	-0.02%
UBSI	B	-0.02%
VSCO	B	-0.02%
TPH	D	-0.02%
NFG	A	-0.02%
BBWI	D	-0.02%
MLI	C	-0.02%
HII	D	-0.02%
ULTA	F	-0.02%
SSB	B	-0.02%
FTI	A	-0.02%
BIO	D	-0.02%
TGNA	B	-0.02%
EVR	B	-0.02%
GNW	A	-0.02%
SWX	B	-0.02%
DOX	D	-0.02%
CUZ	B	-0.02%
NXST	C	-0.02%
FRT	B	-0.02%
AMN	F	-0.01%
FIVE	F	-0.01%
CNXC	F	-0.01%
HELE	C	-0.01%
CLVT	F	-0.01%
NUS	D	-0.01%
LEN	D	-0.01%
VSAT	F	-0.01%
JELD	F	-0.01%
OPCH	D	-0.01%
BGS	F	-0.01%
STNE	F	-0.01%
ZG	A	-0.01%
GTN	F	-0.01%
XP	F	-0.01%
OPEN	D	-0.01%
WSC	D	-0.01%
AMR	C	-0.01%
ODP	F	-0.01%
DXCM	D	-0.01%
ARCB	C	-0.01%
SNOW	C	-0.01%
IGT	F	-0.01%
ACHC	F	-0.01%
DIOD	D	-0.01%
CRI	D	-0.01%
TROX	D	-0.01%
MLKN	D	-0.01%
NSP	D	-0.01%
HPP	F	-0.01%
LGIH	D	-0.01%
CBRL	C	-0.01%
CPRI	F	-0.01%
UA	C	-0.01%
ATKR	C	-0.01%
VSTS	C	-0.01%
RLJ	C	-0.01%
AMKR	D	-0.01%
UAA	C	-0.01%
XRAY	F	-0.01%
NWS	B	-0.01%
OMI	F	-0.01%
PDCO	D	-0.01%
URBN	C	-0.01%
SITE	D	-0.01%
ARI	C	-0.01%
BXC	B	-0.01%
VSH	D	-0.01%
ENOV	C	-0.01%
CSTM	F	-0.01%
AXL	C	-0.01%
W	F	-0.01%
DRH	B	-0.01%
DAN	D	-0.01%
UVV	B	-0.01%
LXP	D	-0.01%
CCS	D	-0.01%
CABO	C	-0.01%
CRC	B	-0.01%
CGNX	C	-0.01%
RYN	D	-0.01%
ASO	F	-0.01%
ASH	D	-0.01%
BMRN	D	-0.01%
ANDE	D	-0.01%
ENTG	D	-0.01%
TEX	D	-0.01%
LFUS	F	-0.01%
JBGS	D	-0.01%
THS	D	-0.01%
WEX	D	-0.01%
PINC	B	-0.01%
HTZ	C	-0.01%
UNIT	B	-0.01%
FUL	F	-0.01%
PFSI	D	-0.01%
IDXX	F	-0.01%
AEO	F	-0.01%
BYD	C	-0.01%
SAIA	B	-0.01%
OKTA	C	-0.01%
NOMD	D	-0.01%
KMT	B	-0.01%
SPB	C	-0.01%
TPX	B	-0.01%
LECO	B	-0.01%
PECO	A	-0.01%
PTC	A	-0.01%
GEF	A	-0.01%
LCII	C	-0.01%
ENS	D	-0.01%
XRX	F	-0.01%
PPBI	B	-0.01%
ABNB	C	-0.01%
UCB	A	-0.01%
SBH	C	-0.01%
ABR	C	-0.01%
WH	B	-0.01%
CIVI	D	-0.01%
MMS	F	-0.01%
RRC	B	-0.01%
SIGI	C	-0.01%
BOKF	B	-0.01%
FIBK	A	-0.01%
GNTX	C	-0.01%
ALIT	C	-0.01%
WLK	D	-0.01%
MTDR	B	-0.01%
STAG	F	-0.01%
ARCH	B	-0.01%
BDN	C	-0.01%
AUB	B	-0.01%
EPAM	C	-0.01%
VYX	B	-0.01%
WERN	C	-0.01%
VNT	B	-0.01%
IAC	D	-0.01%
RXO	C	-0.01%
TTC	D	-0.01%
SEIC	B	-0.01%
FFBC	A	-0.01%
LEG	F	-0.01%
WST	C	-0.01%
INDB	B	-0.01%
ESGR	B	-0.01%
REXR	F	-0.01%
HE	C	-0.01%
MTN	C	-0.01%
APG	B	-0.01%
TFX	F	-0.01%
UHAL	D	-0.0%
SEDG	F	-0.0%
SMCI	F	-0.0%
LBRDA	C	-0.0%
PARR	D	-0.0%