FAD vs. SPGM ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to SPDR Portfolio MSCI Global Stock Market ETF (SPGM)

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

$130.27

Average Daily Volume

4,791

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

SPGM

SPDR Portfolio MSCI Global Stock Market ETF

SPGM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets.

Grade (RS Rating)

Last Trade

$62.83

Average Daily Volume

55,269

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

Performance

Period	FAD	SPGM
30 Days	2.31%	0.26%
60 Days	4.16%	2.23%
90 Days	6.38%	3.24%
12 Months	27.47%	23.23%

271 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in SPGM	Overlap
AAON	B	0.18%	0.01%	0.01%
AAPL	D	0.18%	3.84%	0.18%
ACLS	F	0.12%	0.0%	0.0%
ACVA	B	0.08%	0.0%	0.0%
ADBE	D	0.17%	0.4%	0.17%
ADI	D	0.17%	0.18%	0.17%
ADMA	B	0.2%	0.02%	0.02%
ADP	B	0.2%	0.22%	0.2%
ADSK	B	0.09%	0.01%	0.01%
AES	C	0.04%	0.01%	0.01%
AFRM	C	0.12%	0.01%	0.01%
AGL	F	0.04%	0.0%	0.0%
AGYS	D	0.1%	0.01%	0.01%
AI	F	0.02%	0.0%	0.0%
AIV	B	0.05%	0.02%	0.02%
ALHC	C	0.18%	0.0%	0.0%
ALKT	D	0.13%	0.0%	0.0%
ALLE	B	0.05%	0.04%	0.04%
ALNY	B	0.19%	0.01%	0.01%
AMAT	D	0.27%	0.27%	0.27%
AMC	D	0.05%	0.0%	0.0%
AMD	F	0.16%	0.27%	0.16%
AMGN	B	0.36%	0.25%	0.25%
AMR	F	0.06%	0.0%	0.0%
AMZN	C	0.33%	2.01%	0.33%
ANET	B	0.44%	0.06%	0.06%
ANF	D	0.17%	0.0%	0.0%
AON	B	0.1%	0.07%	0.07%
APH	D	0.32%	0.01%	0.01%
APP	B	0.29%	0.02%	0.02%
APPF	D	0.16%	0.0%	0.0%
ARDX	D	0.1%	0.0%	0.0%
AVGO	C	0.36%	0.86%	0.36%
AXON	B	0.22%	0.04%	0.04%
AXSM	C	0.15%	0.0%	0.0%
AZEK	C	0.09%	0.02%	0.02%
BA	F	0.07%	0.11%	0.07%
BASE	F	0.02%	0.0%	0.0%
BCRX	C	0.09%	0.01%	0.01%
BE	F	0.04%	0.0%	0.0%
BEAM	F	0.03%	0.0%	0.0%
BK	A	0.49%	0.18%	0.18%
BKNG	B	0.43%	0.25%	0.25%
BRBR	B	0.13%	0.0%	0.0%
BROS	D	0.08%	0.0%	0.0%
BSX	B	0.37%	0.14%	0.14%
CARS	D	0.09%	0.0%	0.0%
CAT	C	0.35%	0.27%	0.27%
CCL	C	0.32%	0.01%	0.01%
CDNS	D	0.22%	0.06%	0.06%
CEG	C	0.42%	0.11%	0.11%
CEIX	D	0.11%	0.0%	0.0%
CELH	F	0.05%	0.01%	0.01%
CFLT	F	0.06%	0.0%	0.0%
CHD	C	0.17%	0.07%	0.07%
CL	C	0.37%	0.15%	0.15%
CLDX	C	0.06%	0.01%	0.01%
CLSK	F	0.03%	0.01%	0.01%
CMG	C	0.38%	0.1%	0.1%
CMPR	F	0.09%	0.01%	0.01%
COLL	B	0.11%	0.01%	0.01%
COST	C	0.46%	0.58%	0.46%
CPRX	B	0.09%	0.01%	0.01%
CRM	D	0.17%	0.39%	0.17%
CRWD	F	0.29%	0.07%	0.07%
CTKB	F	0.02%	0.0%	0.0%
CVNA	B	0.23%	0.02%	0.02%
CXM	F	0.02%	0.0%	0.0%
DASH	C	0.1%	0.03%	0.03%
DDOG	D	0.21%	0.02%	0.02%
DFH	C	0.06%	0.0%	0.0%
DKNG	D	0.17%	0.02%	0.02%
DLR	B	0.26%	0.01%	0.01%
DOC	C	0.05%	0.05%	0.05%
DOCN	B	0.03%	0.0%	0.0%
DOCS	B	0.07%	0.01%	0.01%
DOCU	C	0.04%	0.01%	0.01%
DRH	C	0.05%	0.0%	0.0%
DUOL	B	0.14%	0.0%	0.0%
EA	D	0.18%	0.0%	0.0%
ECL	B	0.36%	0.15%	0.15%
ELF	F	0.12%	0.0%	0.0%
ENVX	F	0.06%	0.0%	0.0%
EPRT	A	0.15%	0.01%	0.01%
ESTC	F	0.11%	0.0%	0.0%
ETN	C	0.33%	0.2%	0.2%
EVH	C	0.07%	0.01%	0.01%
EXPE	C	0.27%	0.01%	0.01%
EXTR	C	0.05%	0.0%	0.0%
FICO	A	0.43%	0.02%	0.02%
FIZZ	D	0.07%	0.0%	0.0%
FLNC	C	0.09%	0.01%	0.01%
FOUR	C	0.14%	0.01%	0.01%
FSLR	C	0.25%	0.02%	0.02%
GE	B	0.48%	0.14%	0.14%
GERN	D	0.13%	0.01%	0.01%
GH	D	0.07%	0.0%	0.0%
GKOS	D	0.18%	0.0%	0.0%
GOOGL	D	0.37%	1.0%	0.37%
GRBK	B	0.1%	0.01%	0.01%
HAE	D	0.08%	0.0%	0.0%
HASI	B	0.08%	0.01%	0.01%
HD	B	0.09%	0.54%	0.09%
HEES	D	0.05%	0.0%	0.0%
HIMS	D	0.1%	0.02%	0.02%
HON	D	0.16%	0.2%	0.16%
HRI	C	0.09%	0.0%	0.0%
HST	D	0.08%	0.0%	0.0%
HUBS	D	0.07%	0.02%	0.02%
HURN	C	0.11%	0.0%	0.0%
IAS	D	0.03%	0.0%	0.0%
IBM	B	0.21%	0.29%	0.21%
IBP	C	0.14%	0.0%	0.0%
IIPR	B	0.08%	0.02%	0.02%
INSW	D	0.08%	0.0%	0.0%
INTA	B	0.03%	0.01%	0.01%
INTU	D	0.25%	0.37%	0.25%
IR	C	0.34%	0.12%	0.12%
IRTC	F	0.06%	0.0%	0.0%
ISRG	C	0.38%	0.17%	0.17%
ITCI	D	0.09%	0.02%	0.02%
ITRI	C	0.13%	0.01%	0.01%
JAMF	D	0.03%	0.0%	0.0%
JBI	F	0.06%	0.01%	0.01%
JPM	D	0.43%	0.83%	0.43%
KD	D	0.18%	0.01%	0.01%
KLAC	D	0.31%	0.05%	0.05%
KO	B	0.19%	0.35%	0.19%
KRYS	D	0.13%	0.0%	0.0%
KYMR	C	0.11%	0.01%	0.01%
LIN	B	0.09%	0.35%	0.09%
LLY	C	0.44%	0.89%	0.44%
LMND	D	0.03%	0.0%	0.0%
LNTH	C	0.22%	0.04%	0.04%
LNW	B	0.22%	0.03%	0.03%
LRCX	F	0.25%	0.07%	0.07%
LVS	D	0.08%	0.03%	0.03%
LW	D	0.06%	0.04%	0.04%
LYFT	D	0.07%	0.0%	0.0%
MA	B	0.09%	0.42%	0.09%
MARA	F	0.07%	0.01%	0.01%
MBIN	C	0.11%	0.01%	0.01%
MCO	A	0.28%	0.02%	0.02%
META	A	0.44%	1.37%	0.44%
MGNI	D	0.08%	0.01%	0.01%
MLNK	C	0.05%	0.0%	0.0%
MMC	C	0.27%	0.19%	0.19%
MMM	B	0.45%	0.11%	0.11%
MO	C	0.2%	0.09%	0.09%
MOD	C	0.23%	0.04%	0.04%
MPWR	C	0.28%	0.03%	0.03%
MRVL	C	0.09%	0.05%	0.05%
MSFT	C	0.24%	3.54%	0.24%
MSTR	D	0.09%	0.02%	0.02%
NABL	D	0.06%	0.0%	0.0%
NARI	F	0.02%	0.0%	0.0%
NCLH	C	0.13%	0.0%	0.0%
NCNO	D	0.04%	0.0%	0.0%
NEO	C	0.03%	0.01%	0.01%
NET	F	0.08%	0.03%	0.03%
NFLX	B	0.35%	0.32%	0.32%
NOVA	C	0.05%	0.01%	0.01%
NOW	A	0.28%	0.14%	0.14%
NSSC	F	0.07%	0.0%	0.0%
NTAP	D	0.39%	0.1%	0.1%
NTRA	B	0.25%	0.0%	0.0%
NVDA	D	0.41%	3.42%	0.41%
NXPI	D	0.21%	0.01%	0.01%
OKTA	F	0.14%	0.01%	0.01%
ORA	C	0.09%	0.01%	0.01%
ORCL	B	0.39%	0.38%	0.38%
ORLY	B	0.27%	0.21%	0.21%
OSCR	B	0.17%	0.0%	0.0%
OSW	C	0.13%	0.01%	0.01%
OTIS	D	0.24%	0.04%	0.04%
PANW	D	0.35%	0.1%	0.1%
PAR	B	0.09%	0.0%	0.0%
PDFS	D	0.04%	0.0%	0.0%
PDFS	D	0.06%	0.0%	0.0%
PDFS	D	0.04%	0.0%	0.0%
PDFS	D	0.06%	0.0%	0.0%
PEP	C	0.09%	0.3%	0.09%
PG	C	0.18%	0.52%	0.18%
PH	B	0.29%	0.15%	0.15%
PHR	C	0.03%	0.01%	0.01%
PINS	F	0.22%	0.01%	0.01%
PLAB	F	0.02%	0.0%	0.0%
PLAY	F	0.02%	0.01%	0.01%
PLMR	B	0.11%	0.01%	0.01%
PLTR	B	0.35%	0.07%	0.07%
PM	C	0.31%	0.21%	0.21%
PODD	B	0.2%	0.0%	0.0%
POWL	C	0.14%	0.01%	0.01%
PPL	C	0.2%	0.08%	0.08%
PRCT	B	0.16%	0.0%	0.0%
PRVA	D	0.05%	0.0%	0.0%
PTCT	C	0.11%	0.01%	0.01%
PTGX	C	0.17%	0.0%	0.0%
QTWO	B	0.15%	0.02%	0.02%
RAMP	F	0.04%	0.0%	0.0%
RCL	B	0.45%	0.03%	0.03%
RDNT	B	0.14%	0.01%	0.01%
REG	C	0.05%	0.01%	0.01%
RIVN	F	0.25%	0.01%	0.01%
RKLB	B	0.08%	0.01%	0.01%
RKT	B	0.03%	0.0%	0.0%
RNG	D	0.02%	0.0%	0.0%
ROCK	D	0.02%	0.0%	0.0%
ROST	C	0.37%	0.19%	0.19%
RUN	C	0.04%	0.01%	0.01%
RVMD	C	0.14%	0.0%	0.0%
RXST	C	0.11%	0.0%	0.0%
RYTM	B	0.09%	0.01%	0.01%
S	C	0.09%	0.0%	0.0%
SABR	D	0.06%	0.0%	0.0%
SAM	F	0.07%	0.0%	0.0%
SHC	B	0.06%	0.0%	0.0%
SHW	B	0.1%	0.03%	0.03%
SITM	B	0.06%	0.0%	0.0%
SLB	F	0.07%	0.07%	0.07%
SMAR	B	0.15%	0.01%	0.01%
SMCI	F	0.14%	0.02%	0.02%
SNAP	F	0.14%	0.01%	0.01%
SNPS	D	0.21%	0.04%	0.04%
SO	B	0.2%	0.08%	0.08%
SOFI	C	0.1%	0.01%	0.01%
SPG	B	0.09%	0.14%	0.09%
SPGI	B	0.1%	0.25%	0.1%
SPR	D	0.1%	0.0%	0.0%
SRPT	F	0.17%	0.01%	0.01%
STX	D	0.42%	0.07%	0.07%
SYK	C	0.19%	0.2%	0.19%
TBBK	B	0.13%	0.03%	0.03%
TDG	B	0.37%	0.02%	0.02%
TGI	D	0.06%	0.01%	0.01%
TGTX	B	0.03%	0.01%	0.01%
THR	D	0.07%	0.01%	0.01%
TJX	C	0.47%	0.36%	0.36%
TMDX	C	0.12%	0.04%	0.04%
TMUS	C	0.29%	0.06%	0.06%
TNDM	C	0.11%	0.0%	0.0%
TOST	B	0.21%	0.01%	0.01%
TT	B	0.47%	0.17%	0.17%
TTD	B	0.19%	0.05%	0.05%
TTWO	D	0.08%	0.0%	0.0%
TWST	D	0.12%	0.01%	0.01%
TXN	C	0.09%	0.39%	0.09%
UBER	C	0.34%	0.13%	0.13%
UEC	F	0.02%	0.0%	0.0%
UMH	C	0.03%	0.1%	0.03%
UPWK	D	0.02%	0.0%	0.0%
URI	B	0.39%	0.02%	0.02%
USLM	B	0.14%	0.0%	0.0%
V	B	0.09%	0.66%	0.09%
VCYT	B	0.04%	0.0%	0.0%
VERX	D	0.1%	0.01%	0.01%
VGR	C	0.07%	0.07%	0.07%
VNT	D	0.07%	0.01%	0.01%
VRNS	C	0.14%	0.0%	0.0%
VRT	C	0.42%	0.05%	0.05%
VRTX	D	0.35%	0.08%	0.08%
WM	D	0.24%	0.22%	0.22%
WMB	B	0.26%	0.07%	0.07%
WRBY	D	0.09%	0.0%	0.0%
XMTR	D	0.04%	0.0%	0.0%
XPO	D	0.17%	0.01%	0.01%
YETI	D	0.04%	0.01%	0.01%
YOU	B	0.08%	0.0%	0.0%
ZETA	B	0.19%	0.01%	0.01%
ZS	F	0.15%	0.02%	0.02%
ZUO	D	0.04%	0.0%	0.0%

FAD Overweight 372 Positions Relative to SPGM

Symbol	Grade	Weight
IRM	B	0.56%
HWM	B	0.52%
HEI	B	0.5%
KKR	B	0.5%
ERIE	A	0.49%
GDDY	C	0.47%
FCNCA	D	0.47%
LII	B	0.47%
WAB	A	0.46%
GRMN	D	0.45%
PWR	B	0.45%
BAH	B	0.44%
VST	C	0.43%
HLT	B	0.42%
DECK	C	0.41%
APO	C	0.41%
SMMT	C	0.4%
MSI	C	0.39%
AJG	C	0.39%
BRO	C	0.39%
NTNX	C	0.36%
NTRS	B	0.36%
RSG	D	0.36%
CSL	C	0.35%
PSTG	F	0.33%
DAL	C	0.33%
MAR	C	0.33%
PHM	B	0.32%
LPLA	D	0.31%
CTAS	C	0.3%
TYL	C	0.29%
ARES	B	0.28%
DPZ	F	0.27%
MANH	B	0.27%
BR	D	0.27%
WSO	C	0.26%
SFM	B	0.26%
ROL	C	0.26%
ENSG	C	0.26%
LYV	B	0.26%
AZO	D	0.26%
HRB	C	0.25%
MOG.A	B	0.25%
DVA	B	0.25%
HALO	B	0.25%
COKE	C	0.25%
PSN	B	0.25%
TTEK	C	0.24%
MUSA	C	0.24%
XYL	D	0.24%
FIX	B	0.24%
CW	B	0.24%
ALSN	B	0.24%
CLH	B	0.23%
FRPT	B	0.23%
BCO	B	0.23%
EME	B	0.23%
PCAR	D	0.23%
ITGR	B	0.23%
POST	C	0.23%
ATI	C	0.23%
INSM	D	0.23%
BFAM	C	0.22%
TOL	B	0.22%
IBKR	B	0.22%
AVAV	D	0.22%
CVLT	B	0.21%
MGM	D	0.21%
SFBS	B	0.21%
GWRE	A	0.21%
OLLI	C	0.21%
CASY	D	0.21%
NVR	B	0.21%
WELL	B	0.21%
WING	B	0.2%
ESS	B	0.2%
WWD	D	0.2%
TXRH	D	0.2%
KNF	B	0.2%
H	C	0.2%
HOOD	C	0.2%
TPL	C	0.19%
RYAN	C	0.19%
TW	A	0.19%
PEGA	C	0.19%
GWW	B	0.19%
BMI	B	0.19%
HUBB	B	0.19%
AWI	B	0.19%
ARMK	B	0.19%
STE	C	0.19%
KTB	B	0.19%
CBT	B	0.19%
AVB	B	0.19%
IT	B	0.19%
FSS	D	0.18%
INVH	C	0.18%
NYT	C	0.18%
ITT	C	0.18%
AIT	C	0.18%
MEDP	D	0.18%
TKO	B	0.18%
PRI	B	0.18%
ATR	B	0.18%
SATS	B	0.17%
ROP	C	0.17%
AM	B	0.17%
MTD	D	0.17%
CHDN	C	0.17%
VRSK	D	0.17%
RL	B	0.17%
LOPE	D	0.17%
WSM	C	0.17%
FCN	C	0.17%
BWXT	D	0.17%
HLNE	B	0.16%
WFRD	F	0.16%
CRVL	B	0.16%
CRS	B	0.16%
HWKN	B	0.16%
CNK	B	0.16%
MLM	D	0.16%
MIRM	D	0.15%
EXLS	C	0.15%
HCC	F	0.15%
INGR	A	0.15%
HAS	B	0.15%
EXEL	B	0.15%
ACIW	B	0.15%
GVA	B	0.15%
OHI	A	0.15%
ONTO	F	0.15%
HQY	C	0.15%
MTSI	D	0.15%
APG	D	0.15%
SMTC	C	0.14%
CFR	C	0.14%
RLI	B	0.14%
LAMR	A	0.14%
FTDR	B	0.14%
CWST	D	0.14%
TDS	C	0.14%
ACA	C	0.14%
BPMC	D	0.14%
KAI	C	0.14%
SGBX	F	0.14%
PJT	B	0.14%
SPNT	C	0.14%
IESC	C	0.14%
IRT	B	0.14%
MMSI	B	0.14%
PLNT	A	0.14%
LRN	B	0.14%
ROAD	B	0.14%
PI	B	0.14%
MKSI	F	0.14%
DCI	D	0.13%
OWL	C	0.13%
OLED	C	0.13%
VRRM	D	0.13%
TDW	F	0.13%
AXTA	C	0.13%
TRN	C	0.13%
ATGE	D	0.13%
WHD	C	0.13%
STRL	B	0.13%
AGIO	D	0.13%
GOLF	F	0.13%
AMRX	B	0.13%
ESAB	C	0.13%
GATX	D	0.13%
MORN	C	0.13%
DY	B	0.13%
STWD	A	0.13%
SKYW	C	0.12%
AROC	C	0.12%
UFPT	C	0.12%
BKD	D	0.12%
IOT	A	0.12%
MSA	C	0.12%
SLG	B	0.12%
EEFT	D	0.12%
NHI	A	0.12%
CSWI	B	0.12%
AZZ	C	0.12%
EXP	B	0.11%
EPAC	B	0.11%
CNM	F	0.11%
PR	D	0.11%
LMAT	B	0.11%
LAUR	B	0.11%
RMD	C	0.11%
KTOS	B	0.11%
GNTX	F	0.11%
MYGN	B	0.11%
BRC	B	0.11%
ICFI	C	0.11%
WYNN	D	0.11%
IONS	F	0.11%
TRU	B	0.11%
ALTR	C	0.11%
IDCC	B	0.11%
CORT	B	0.11%
EXPO	B	0.1%
TGLS	B	0.1%
GPK	B	0.1%
CPAY	B	0.1%
HLX	D	0.1%
UDR	B	0.1%
ALKS	C	0.1%
CPT	B	0.1%
TPG	B	0.1%
BOWL	D	0.1%
MAS	B	0.1%
PMT	B	0.1%
KNSL	C	0.1%
GFF	C	0.1%
JWN	B	0.1%
FFIV	A	0.1%
SCS	B	0.1%
ADC	C	0.1%
SKWD	C	0.1%
BANF	B	0.09%
SYBT	B	0.09%
SBRA	B	0.09%
DSGR	B	0.09%
CRDO	D	0.09%
DRI	C	0.09%
CHH	C	0.09%
CBZ	F	0.09%
MAC	B	0.09%
AKR	C	0.09%
TNL	D	0.09%
MSGS	B	0.09%
CAL	F	0.09%
AMH	C	0.09%
RPM	B	0.09%
PFGC	B	0.09%
BLKB	B	0.09%
BCPC	C	0.09%
ZWS	B	0.09%
GBX	C	0.09%
PAYX	C	0.09%
OSIS	C	0.08%
OTTR	D	0.08%
LKFN	C	0.08%
CDRE	C	0.08%
AEIS	D	0.08%
PRGS	C	0.08%
KNTK	B	0.08%
CPRT	D	0.08%
WMS	D	0.08%
ALX	B	0.08%
PTC	D	0.08%
VMC	D	0.08%
ROK	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%
STZ	C	0.08%
MRUS	D	0.08%
AOS	C	0.08%
TNET	D	0.08%
GIII	C	0.08%
NSA	B	0.08%
UE	B	0.08%
AME	C	0.08%
BLD	D	0.08%
VECO	F	0.07%
ANIP	D	0.07%
MIR	D	0.07%
PK	D	0.07%
TNC	D	0.07%
GPOR	C	0.07%
ENTG	D	0.07%
GBDC	C	0.07%
INFA	D	0.07%
FORM	F	0.07%
ENV	C	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%
SKT	B	0.06%
OUT	B	0.06%
CRNX	C	0.06%
IVT	B	0.06%
FA	B	0.06%
CTRE	B	0.06%
EW	F	0.06%
HRMY	B	0.06%
IOSP	D	0.06%
YELP	F	0.05%
SSD	C	0.05%
NEU	D	0.05%
TPX	C	0.05%
PEB	D	0.05%
EGP	B	0.05%
SHO	D	0.05%
WEX	C	0.05%
ETWO	C	0.05%
RRR	D	0.05%
FOR	C	0.05%
RGLD	B	0.05%
NNN	B	0.05%
VCEL	D	0.05%
OPCH	C	0.05%
EPR	B	0.05%
WDFC	B	0.05%
GIC	D	0.05%
CUBE	B	0.05%
KRG	B	0.05%
BRX	B	0.05%
SXI	C	0.05%
SMG	C	0.05%
JOE	C	0.05%
LADR	B	0.05%
TR	C	0.05%
BOX	B	0.05%
LTC	B	0.05%
CNS	B	0.05%
CCOI	C	0.05%
MYRG	F	0.04%
PGNY	F	0.04%
PCOR	F	0.04%
TRIP	F	0.04%
SAIA	D	0.04%
TENB	D	0.04%
HXL	F	0.04%
FWRG	F	0.04%
ALRM	F	0.04%
FELE	C	0.04%
IPAR	D	0.04%
RHP	D	0.04%
WEN	C	0.04%
WSC	D	0.04%
TECH	C	0.04%
CHE	C	0.04%
WTS	C	0.04%
JKHY	B	0.04%
RBC	C	0.04%
NTST	D	0.03%
PLYM	D	0.03%
CNMD	D	0.03%
DRVN	C	0.03%
BANC	B	0.03%
AMWD	C	0.03%
AWR	B	0.03%
KW	C	0.03%
MGEE	B	0.03%
FCPT	A	0.03%
CWAN	A	0.03%
DNLI	B	0.03%
CIVI	F	0.03%
ALGM	F	0.03%
VC	F	0.02%
WNC	F	0.02%
MCW	F	0.02%
RES	D	0.02%
GTX	D	0.02%
MTRN	D	0.02%
EVTC	D	0.02%
DBRG	D	0.02%
ALG	D	0.02%
WINA	C	0.02%

FAD Underweight 731 Positions Relative to SPGM

Symbol	Grade	Weight
GOOG	D	-1.0%
TSM	D	-0.94%
TSLA	C	-0.74%
BRK.A	C	-0.73%
UNH	C	-0.7%
XOM	D	-0.65%
TMO	C	-0.47%
BAC	D	-0.46%
ABBV	C	-0.44%
JNJ	B	-0.43%
WMT	B	-0.4%
MRK	D	-0.39%
ABT	C	-0.36%
DHR	B	-0.35%
RTX	C	-0.34%
WFC	D	-0.33%
AXP	B	-0.33%
CSCO	B	-0.32%
CVX	D	-0.31%
GS	D	-0.31%
QCOM	D	-0.29%
ACN	C	-0.29%
LOW	B	-0.29%
UNP	B	-0.28%
NEE	B	-0.28%
TM	F	-0.27%
PLD	C	-0.27%
CB	B	-0.27%
LMT	C	-0.27%
AFL	B	-0.26%
PSA	B	-0.25%
MDT	C	-0.25%
NVS	C	-0.25%
MS	D	-0.24%
DIS	D	-0.24%
ELV	C	-0.24%
GD	B	-0.24%
A	C	-0.23%
C	D	-0.23%
MCD	C	-0.23%
PFE	C	-0.22%
CMI	C	-0.22%
SONY	D	-0.22%
SBUX	C	-0.21%
T	B	-0.21%
MCK	F	-0.21%
NKE	D	-0.2%
TRV	B	-0.2%
AMT	C	-0.2%
DE	B	-0.19%
ABBV	C	-0.19%
CSX	D	-0.19%
MET	A	-0.19%
BABA	C	-0.19%
UL	C	-0.19%
BDX	F	-0.18%
IBN	A	-0.18%
INFY	C	-0.18%
GILD	B	-0.18%
NOC	B	-0.18%
FDX	C	-0.18%
CMCSA	D	-0.17%
NSC	C	-0.17%
EMR	D	-0.17%
MPC	D	-0.17%
PGR	A	-0.17%
COP	D	-0.17%
AEP	B	-0.17%
ALL	A	-0.16%
JCI	B	-0.16%
TEL	D	-0.16%
EOG	D	-0.15%
PRU	C	-0.15%
VZ	B	-0.15%
PNC	B	-0.15%
MUFG	D	-0.15%
DFS	C	-0.15%
RDY	D	-0.14%
GLW	B	-0.14%
CVS	D	-0.14%
HSY	C	-0.14%
PEG	B	-0.14%
REGN	C	-0.14%
SCHW	D	-0.14%
CNI	D	-0.14%
PYPL	B	-0.13%
BMY	C	-0.13%
KEYS	C	-0.13%
CLX	C	-0.13%
TD	A	-0.13%
SYY	D	-0.13%
ITW	B	-0.13%
CTSH	C	-0.13%
USB	B	-0.12%
INTC	F	-0.12%
COF	C	-0.12%
FAST	C	-0.12%
KMB	D	-0.12%
MKC	B	-0.12%
EIX	C	-0.12%
TGT	C	-0.12%
EBAY	B	-0.11%
HPQ	D	-0.11%
ROIC	B	-0.11%
HES	D	-0.11%
DUK	C	-0.11%
MTB	B	-0.11%
UPS	D	-0.11%
MELI	B	-0.11%
VLO	D	-0.11%
YUM	D	-0.11%
SHOP	C	-0.1%
AZN	D	-0.1%
ZTS	B	-0.1%
CHT	A	-0.09%
BIIB	F	-0.09%
CI	C	-0.09%
CHTR	D	-0.09%
ADM	D	-0.09%
CME	C	-0.09%
SMFG	D	-0.08%
GM	B	-0.08%
UMC	C	-0.08%
SJM	C	-0.08%
LYB	F	-0.08%
DD	B	-0.08%
BLK	A	-0.08%
TSN	C	-0.08%
CHRW	B	-0.08%
MU	F	-0.07%
HDB	C	-0.07%
JNPR	A	-0.07%
MRO	D	-0.07%
EXC	B	-0.07%
WDC	D	-0.07%
K	A	-0.07%
PDD	F	-0.07%
VALE	D	-0.07%
F	D	-0.07%
DOW	D	-0.07%
STT	A	-0.07%
NXRT	B	-0.07%
DEO	C	-0.07%
APD	B	-0.07%
CTVA	B	-0.07%
FE	C	-0.07%
LYG	B	-0.06%
ITUB	B	-0.06%
HPE	D	-0.06%
MFG	D	-0.06%
TCOM	C	-0.06%
BCS	B	-0.06%
PKX	D	-0.06%
WIT	C	-0.06%
FTV	C	-0.06%
EL	F	-0.06%
GIS	B	-0.06%
CARR	B	-0.06%
MDLZ	B	-0.06%
DEA	B	-0.06%
BAX	C	-0.06%
EQR	B	-0.06%
NMR	F	-0.05%
EQIX	B	-0.05%
BEN	F	-0.05%
HAL	F	-0.05%
FOXA	B	-0.05%
GOOD	B	-0.05%
VLTO	C	-0.05%
OXY	F	-0.05%
BX	B	-0.05%
PSX	D	-0.05%
CAG	B	-0.05%
STLA	F	-0.05%
E	C	-0.05%
KVUE	B	-0.04%
KB	D	-0.04%
ABNB	D	-0.04%
FCX	D	-0.04%
DLTR	F	-0.04%
NEM	B	-0.04%
SYF	C	-0.04%
GEV	B	-0.04%
SQ	D	-0.03%
TAC	B	-0.03%
HOV	C	-0.03%
IFF	B	-0.03%
KMI	A	-0.03%
AA	D	-0.03%
AXNX	B	-0.03%
BIDU	F	-0.03%
NU	B	-0.03%
HCA	B	-0.03%
YUMC	D	-0.03%
MRNA	F	-0.03%
BRSP	D	-0.03%
HMC	D	-0.03%
SNOW	F	-0.03%
COIN	F	-0.03%
PBR	D	-0.03%
LDOS	C	-0.03%
SE	B	-0.03%
TPR	C	-0.03%
BBD	C	-0.03%
DX	A	-0.03%
DVN	F	-0.02%
INSP	C	-0.02%
TEVA	C	-0.02%
ICE	B	-0.02%
DXCM	F	-0.02%
ACEL	B	-0.02%
GGB	C	-0.02%
PARA	F	-0.02%
TTGT	F	-0.02%
LULU	D	-0.02%
WBD	D	-0.02%
ZM	C	-0.02%
VEEV	C	-0.02%
DYN	D	-0.02%
RBLX	B	-0.02%
SKY	B	-0.02%
CHCT	F	-0.02%
LI	D	-0.02%
MOS	F	-0.02%
CFG	D	-0.02%
DELL	D	-0.02%
CF	B	-0.02%
CHX	D	-0.02%
TEAM	F	-0.02%
ABEV	C	-0.02%
MT	D	-0.02%
AHH	B	-0.02%
BABA	C	-0.02%
WTTR	C	-0.02%
BKR	D	-0.02%
GOLD	B	-0.02%
MDB	D	-0.02%
FTI	D	-0.02%
GEHC	C	-0.02%
FTNT	C	-0.02%
SHG	C	-0.02%
WDAY	D	-0.02%
LEGH	B	-0.01%
SQM	F	-0.01%
NRIX	C	-0.01%
DT	C	-0.01%
ELAN	D	-0.01%
VMEO	C	-0.01%
PHAT	B	-0.01%
M	F	-0.01%
AUPH	C	-0.01%
WSR	D	-0.01%
NPAB	D	-0.01%
CCO	C	-0.01%
EXPI	C	-0.01%
CCB	C	-0.01%
LASR	F	-0.01%
CHPT	F	-0.01%
NR	F	-0.01%
PNR	B	-0.01%
RLAY	D	-0.01%
PACB	D	-0.01%
JKS	D	-0.01%
GNRC	D	-0.01%
QS	F	-0.01%
KOP	F	-0.01%
IDXX	C	-0.01%
DXC	C	-0.01%
FATE	F	-0.01%
BOOT	B	-0.01%
EDIT	F	-0.01%
W	D	-0.01%
VKTX	C	-0.01%
BLFS	D	-0.01%
PACK	D	-0.01%
OPEN	D	-0.01%
ASPN	D	-0.01%
NOV	D	-0.01%
LIND	C	-0.01%
CENX	D	-0.01%
DQ	D	-0.01%
GTLB	D	-0.01%
PTEN	F	-0.01%
UPST	C	-0.01%
OGN	D	-0.01%
FUTU	D	-0.01%
LUMN	C	-0.01%
FRO	C	-0.01%
VERV	F	-0.01%
FBK	B	-0.01%
AMSC	D	-0.01%
U	D	-0.01%
RLX	F	-0.01%
MCB	C	-0.01%
PCH	C	-0.01%
IMVT	D	-0.01%
LCID	C	-0.01%
BBWI	F	-0.01%
SLP	F	-0.01%
PHI	C	-0.01%
OMI	D	-0.01%
ULH	C	-0.01%
ALEX	B	-0.01%
AUR	C	-0.01%
BLBD	C	-0.01%
ALGN	D	-0.01%
PAY	C	-0.01%
LBRDK	D	-0.01%
CZR	C	-0.01%
CLNE	C	-0.01%
PTON	C	-0.01%
LWLG	F	-0.01%
PEN	D	-0.01%
CASH	B	-0.01%
CYH	B	-0.01%
MCRI	B	-0.01%
LOB	B	-0.01%
Z	B	-0.01%
TTI	F	-0.01%
BGNE	C	-0.01%
MDGL	F	-0.01%
AGNC	A	-0.01%
RVLV	B	-0.01%
PNTG	B	-0.01%
PRTA	F	-0.01%
TWLO	D	-0.01%
SEMR	C	-0.01%
EFC	B	-0.01%
RNA	C	-0.01%
IDYA	F	-0.01%
GSAT	F	-0.01%
RCUS	D	-0.01%
INMD	D	-0.01%
BZH	B	-0.01%
SQ	D	-0.01%
TREX	F	-0.01%
VSTO	B	-0.01%
MNDY	B	-0.01%
TME	F	-0.01%
MRC	D	-0.01%
CROX	C	-0.01%
ALB	F	-0.01%
XPEV	D	-0.01%
DH	F	-0.01%
BHF	D	-0.01%
GME	F	-0.01%
GMS	C	-0.01%
BEKE	F	-0.01%
SID	D	-0.01%
ROKU	C	-0.01%
TDOC	D	-0.01%
CLDT	D	-0.01%
NBR	F	-0.01%
RDFN	C	-0.01%
SCCO	D	-0.01%
ENS	C	-0.01%
CLBT	B	-0.01%
HSTM	C	-0.01%
EXAS	C	-0.01%
AKO.A	C	-0.01%
AKRO	C	-0.01%
DDD	F	-0.01%
CCS	B	-0.01%
PBF	F	-0.01%
APA	F	-0.01%
SDGR	F	-0.01%
FLNG	C	-0.01%
ARWR	F	-0.01%
FIS	B	-0.01%
TAL	F	-0.01%
EPAM	D	-0.01%
MATX	C	-0.01%
DVAX	D	-0.01%
ABR	B	-0.01%
ERJ	C	-0.01%
TREE	C	-0.01%
KEX	C	-0.01%
CNH	C	-0.01%
NWSA	D	-0.01%
MHO	B	-0.01%
ILMN	C	-0.01%
VIPS	F	-0.01%
VTRS	C	-0.01%
IMXI	D	-0.01%
KOS	F	-0.01%
COMP	B	-0.01%
NIO	D	-0.01%
KSS	F	-0.01%
MTDR	D	-0.01%
ENPH	C	-0.01%
BLDR	C	-0.01%
BBIO	D	-0.01%
ALLY	F	-0.01%
GMRE	C	-0.01%
OII	D	-0.01%
SOLV	C	-0.01%
ON	D	-0.01%
WBA	F	-0.01%
NUE	F	-0.01%
XPEV	D	-0.0%
LI	D	-0.0%
SMWB	C	-0.0%
MP	D	-0.0%
SCLX	F	-0.0%
OEC	F	-0.0%
JOBY	F	-0.0%
BMBL	F	-0.0%
FLWS	F	-0.0%
CRCT	D	-0.0%
TH	D	-0.0%
MLCO	F	-0.0%
WOLF	F	-0.0%
DAN	F	-0.0%
SPRY	C	-0.0%
DENN	D	-0.0%
ZEUS	F	-0.0%
CGEM	F	-0.0%
BOC	C	-0.0%
TPB	C	-0.0%
OVV	D	-0.0%
KE	F	-0.0%
SNCY	D	-0.0%
ASTH	B	-0.0%
FNA	F	-0.0%
SHEN	F	-0.0%
LGIH	C	-0.0%
LSCC	D	-0.0%
KRNT	B	-0.0%
PKST	C	-0.0%
HDSN	D	-0.0%
TMCI	F	-0.0%
MXL	F	-0.0%
FIGS	F	-0.0%
EYE	F	-0.0%
OLO	D	-0.0%
MNSO	F	-0.0%
PUMP	F	-0.0%
FLGT	D	-0.0%
SAGE	F	-0.0%
FSBC	B	-0.0%
SEDG	F	-0.0%
OLPX	C	-0.0%
CRSR	F	-0.0%
CEVA	C	-0.0%
REPL	C	-0.0%
MGPI	C	-0.0%
VIR	F	-0.0%
ORLA	C	-0.0%
APTV	D	-0.0%
PFC	C	-0.0%
BVN	D	-0.0%
CHRD	F	-0.0%
DJT	F	-0.0%
PARR	F	-0.0%
CAR	F	-0.0%
KRUS	D	-0.0%
LYEL	F	-0.0%
GRPN	F	-0.0%
MRVI	C	-0.0%
RENB	F	-0.0%
HOG	C	-0.0%
GDS	C	-0.0%
ICHR	F	-0.0%
LPRO	D	-0.0%
ATEC	F	-0.0%
SWBI	D	-0.0%
CNDT	C	-0.0%
GOGO	F	-0.0%
ELVN	D	-0.0%
QFIN	B	-0.0%
RGNX	D	-0.0%
MAX	C	-0.0%
MDXG	F	-0.0%
APPN	D	-0.0%
MAT	C	-0.0%
XPOF	D	-0.0%
RIG	F	-0.0%
CECO	D	-0.0%
HE	F	-0.0%
ETNB	F	-0.0%
SAVA	C	-0.0%
HUMA	D	-0.0%
MBAVU	C	-0.0%
SGRY	C	-0.0%
DNOW	D	-0.0%
ITOS	F	-0.0%
XHR	C	-0.0%
ULCC	D	-0.0%
COTY	F	-0.0%
THO	D	-0.0%
OLMA	D	-0.0%
LAND	C	-0.0%
SVC	F	-0.0%
SM	D	-0.0%
THRM	D	-0.0%
ATEN	C	-0.0%
QTRX	D	-0.0%
NEXT	F	-0.0%
PRO	F	-0.0%
NMIH	B	-0.0%
CALX	D	-0.0%
CUBI	F	-0.0%
PUBM	F	-0.0%
LESL	F	-0.0%
TLRY	F	-0.0%
ESTA	F	-0.0%
IDT	C	-0.0%
DBI	F	-0.0%
DGII	D	-0.0%
ENIC	D	-0.0%
VNET	C	-0.0%
CLF	F	-0.0%
UCTT	F	-0.0%
AOSL	D	-0.0%
LILAK	D	-0.0%
ADUS	B	-0.0%
APLS	F	-0.0%
UVV	D	-0.0%
ATRO	D	-0.0%
TASK	F	-0.0%
KRNY	C	-0.0%
SHLS	D	-0.0%
AMRC	C	-0.0%
HAYN	D	-0.0%
MERC	F	-0.0%
MNTK	F	-0.0%
CHEF	C	-0.0%
PENN	D	-0.0%
HAYW	C	-0.0%
MQ	F	-0.0%
STAA	F	-0.0%
XPRO	F	-0.0%
FVRR	C	-0.0%
TITN	F	-0.0%
ARLO	F	-0.0%
VSCO	C	-0.0%
FIVN	F	-0.0%
EB	F	-0.0%
METC	F	-0.0%
SOUN	D	-0.0%
NNDM	D	-0.0%
RRC	D	-0.0%
IOVA	D	-0.0%
HTHT	F	-0.0%
YMAB	C	-0.0%
ENVA	C	-0.0%
FSLY	D	-0.0%
SKE	B	-0.0%
EGBN	C	-0.0%
SIBN	D	-0.0%
ORIC	D	-0.0%
GLBE	C	-0.0%
AR	D	-0.0%
HL	C	-0.0%
ATHM	C	-0.0%
SMR	D	-0.0%
NEOG	C	-0.0%
NVRI	D	-0.0%
BHB	B	-0.0%
EYPT	D	-0.0%
FRSH	F	-0.0%
WGO	D	-0.0%
DHI	B	-0.0%
ZI	D	-0.0%
OSPN	B	-0.0%
CYRX	F	-0.0%
BIGC	F	-0.0%
MTW	F	-0.0%
YY	C	-0.0%
VZIO	A	-0.0%
ARQT	C	-0.0%
GRAB	B	-0.0%
INDI	F	-0.0%
CYTK	F	-0.0%
AMRK	C	-0.0%
GNK	D	-0.0%
IIIV	D	-0.0%
BXC	D	-0.0%
EMBC	C	-0.0%
ADNT	F	-0.0%
ARRY	F	-0.0%
CDMO	B	-0.0%
NVCR	D	-0.0%
ATUS	C	-0.0%
AX	D	-0.0%
LMB	B	-0.0%
NX	D	-0.0%
AVNS	B	-0.0%
SQSP	A	-0.0%
UNIT	C	-0.0%
FC	C	-0.0%
GXO	D	-0.0%
DIN	F	-0.0%
JANX	C	-0.0%
SIGA	D	-0.0%
FROG	F	-0.0%
TUYA	F	-0.0%
LXRX	F	-0.0%
MOMO	D	-0.0%
EWCZ	F	-0.0%
CDNA	C	-0.0%
LEU	F	-0.0%
GDOT	C	-0.0%
KC	F	-0.0%
ALT	D	-0.0%
CNC	C	-0.0%
DHC	B	-0.0%
FDMT	F	-0.0%
IAG	B	-0.0%
WOOF	C	-0.0%
INN	C	-0.0%
STOK	C	-0.0%
QNST	B	-0.0%
TRUP	C	-0.0%
CCBG	B	-0.0%
YEXT	C	-0.0%
PL	F	-0.0%
LSPD	D	-0.0%
PCVX	B	-0.0%
IQ	F	-0.0%
SNDX	F	-0.0%
CRMT	F	-0.0%
WULF	D	-0.0%
MEG	F	-0.0%
REZI	D	-0.0%
VVI	C	-0.0%
NTLA	F	-0.0%
TIGR	F	-0.0%
ATKR	F	-0.0%
BRZE	F	-0.0%
PLPC	F	-0.0%
KIM	B	-0.0%
BURL	B	-0.0%
ENFN	D	-0.0%
RVNC	D	-0.0%
TELL	C	-0.0%
ACHR	F	-0.0%
CIFR	F	-0.0%
SPT	F	-0.0%
TRNS	C	-0.0%
RXRX	F	-0.0%
ETSY	F	-0.0%
PCG	C	-0.0%
MTCH	C	-0.0%
NUVL	C	-0.0%
KHC	C	-0.0%
AMPS	F	-0.0%
CASS	D	-0.0%
DCO	B	-0.0%
IBUY	B	-0.0%
PCT	C	-0.0%
ERAS	C	-0.0%
PFSI	B	-0.0%
CLOV	C	-0.0%
UWMC	C	-0.0%
EQT	D	-0.0%
VPG	F	-0.0%
GDRX	D	-0.0%
HUYA	D	-0.0%
BILI	D	-0.0%
BLND	C	-0.0%
REPX	D	-0.0%
ARCT	F	-0.0%
FUBO	D	-0.0%
SITE	D	-0.0%
CC	F	-0.0%
RLJ	D	-0.0%
CERT	F	-0.0%
PRG	B	-0.0%
TXG	D	-0.0%
CSTL	C	-0.0%
IIIN	D	-0.0%
ARVN	F	-0.0%
APLD	C	-0.0%
VRDN	C	-0.0%
HSII	C	-0.0%
CTLP	F	-0.0%
PGC	C	-0.0%
BJRI	D	-0.0%
MNMD	F	-0.0%
KLG	C	-0.0%
BZ	F	-0.0%
LC	C	-0.0%
SANA	F	-0.0%
HCP	A	-0.0%
BYND	D	-0.0%
RPAY	D	-0.0%
WEAV	C	-0.0%
CHGX	A	-0.0%
CIG	B	-0.0%
ASAN	F	-0.0%
NVT	D	-0.0%
VITL	D	-0.0%
AMG	C	-0.0%
KEP	C	-0.0%
CSGP	D	-0.0%
WIX	D	-0.0%
NUVB	D	-0.0%
PLUG	F	-0.0%
PATH	D	-0.0%
RCKT	D	-0.0%
NVAX	D	-0.0%
SONO	F	-0.0%
WRLD	D	-0.0%
RGEN	F	-0.0%
ZLAB	C	-0.0%
CIB	F	-0.0%
ALEC	D	-0.0%
EVRI	C	-0.0%
PETQ	A	-0.0%
FLYW	F	-0.0%
DMRC	F	-0.0%
RIOT	F	-0.0%
LAZR	F	-0.0%
CDE	C	-0.0%
VICR	F	-0.0%
MITK	F	-0.0%
ODFL	C	-0.0%
AAOI	D	-0.0%
GATO	C	-0.0%
GPN	D	-0.0%
ACMR	F	-0.0%
BTU	D	-0.0%
BILL	D	-0.0%
JELD	D	-0.0%
PIXY	F	-0.0%
KREF	B	-0.0%
ALLO	D	-0.0%
SRRK	F	-0.0%
GDYN	C	-0.0%
COHR	B	-0.0%