FAD vs. VTWG ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Vanguard Russell 2000 Growth ETF (VTWG)

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

$131.45

Average Daily Volume

5,524

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000Â® Growth Index. The index is designed to measure the performance of small-capitalization growth stocks in the United States. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$203.43

Average Daily Volume

43,378

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

Performance

Period	FAD	VTWG
30 Days	2.24%	0.13%
60 Days	9.87%	6.08%
90 Days	8.02%	7.65%
12 Months	37.01%	29.94%

243 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in VTWG	Overlap
ACIW	B	0.15%	0.39%	0.15%
ACLS	F	0.12%	0.26%	0.12%
ACVA	C	0.08%	0.21%	0.08%
ADMA	C	0.21%	0.29%	0.21%
AEIS	F	0.08%	0.29%	0.08%
AESI	B	0.08%	0.11%	0.08%
AGL	F	0.04%	0.09%	0.04%
AGM	F	0.07%	0.12%	0.07%
AGYS	D	0.1%	0.19%	0.1%
AI	F	0.02%	0.14%	0.02%
AIT	B	0.19%	0.59%	0.19%
AIV	C	0.05%	0.05%	0.05%
ALG	D	0.02%	0.14%	0.02%
ALHC	B	0.17%	0.07%	0.07%
ALKS	B	0.1%	0.36%	0.1%
ALKT	D	0.13%	0.11%	0.11%
ALRM	F	0.04%	0.21%	0.04%
ALTR	B	0.12%	0.38%	0.12%
ALX	C	0.07%	0.04%	0.04%
AMR	F	0.06%	0.2%	0.06%
AMRX	B	0.13%	0.09%	0.09%
AMWD	B	0.03%	0.01%	0.01%
ANET	A	0.46%	0.0%	0.0%
ANF	F	0.16%	0.55%	0.16%
ANIP	F	0.07%	0.06%	0.06%
ARDX	D	0.09%	0.11%	0.09%
AROC	B	0.12%	0.23%	0.12%
ATGE	D	0.13%	0.04%	0.04%
AVAV	B	0.23%	0.4%	0.23%
AWR	A	0.03%	0.13%	0.03%
AXSM	B	0.14%	0.24%	0.14%
AZZ	C	0.12%	0.15%	0.12%
BANF	D	0.08%	0.02%	0.02%
BASE	F	0.02%	0.06%	0.02%
BCO	C	0.23%	0.37%	0.23%
BCPC	C	0.09%	0.43%	0.09%
BCRX	D	0.09%	0.13%	0.09%
BE	F	0.04%	0.16%	0.04%
BKD	D	0.12%	0.09%	0.09%
BLKB	C	0.09%	0.26%	0.09%
BMI	A	0.19%	0.45%	0.19%
BOX	C	0.05%	0.34%	0.05%
BPMC	F	0.14%	0.45%	0.14%
CAL	F	0.09%	0.03%	0.03%
CARG	C	0.08%	0.19%	0.08%
CBT	B	0.2%	0.42%	0.2%
CBZ	F	0.09%	0.26%	0.09%
CCOI	B	0.05%	0.23%	0.05%
CDRE	B	0.08%	0.07%	0.07%
CHCO	D	0.08%	0.01%	0.01%
CLDX	F	0.05%	0.16%	0.05%
CLSK	F	0.03%	0.18%	0.03%
CMPR	F	0.09%	0.09%	0.09%
CNK	C	0.15%	0.18%	0.15%
CNMD	D	0.03%	0.17%	0.03%
CNS	C	0.05%	0.18%	0.05%
COLL	B	0.11%	0.09%	0.09%
CORT	B	0.13%	0.21%	0.13%
CPRX	C	0.09%	0.18%	0.09%
CRDO	B	0.09%	0.33%	0.09%
CRNX	C	0.05%	0.31%	0.05%
CRS	C	0.17%	0.51%	0.17%
CRVL	C	0.15%	0.21%	0.15%
CSWI	B	0.13%	0.39%	0.13%
CTRE	B	0.06%	0.02%	0.02%
CVLT	C	0.21%	0.47%	0.21%
CWAN	C	0.03%	0.26%	0.03%
CWST	D	0.12%	0.46%	0.12%
CXM	F	0.02%	0.07%	0.02%
DBRG	D	0.02%	0.04%	0.02%
DFH	C	0.07%	0.07%	0.07%
DNLI	C	0.03%	0.13%	0.03%
DOCN	C	0.03%	0.18%	0.03%
DRVN	B	0.03%	0.06%	0.03%
DSGR	C	0.09%	0.03%	0.03%
DY	C	0.14%	0.37%	0.14%
ENSG	D	0.25%	0.62%	0.25%
ENV	C	0.07%	0.24%	0.07%
ENVX	D	0.05%	0.11%	0.05%
EPAC	C	0.1%	0.17%	0.1%
ESE	B	0.06%	0.11%	0.06%
EVH	D	0.06%	0.27%	0.06%
EVTC	D	0.02%	0.16%	0.02%
EXLS	A	0.14%	0.43%	0.14%
EXPO	A	0.1%	0.41%	0.1%
EXTR	C	0.05%	0.08%	0.05%
FA	A	0.06%	0.04%	0.04%
FELE	C	0.04%	0.35%	0.04%
FIZZ	D	0.07%	0.08%	0.07%
FLNC	C	0.09%	0.08%	0.08%
FOR	D	0.05%	0.01%	0.01%
FORM	F	0.07%	0.28%	0.07%
FSS	B	0.18%	0.42%	0.18%
FTDR	C	0.13%	0.28%	0.13%
FWRG	F	0.04%	0.04%	0.04%
GERN	D	0.12%	0.14%	0.12%
GFF	C	0.1%	0.19%	0.1%
GH	F	0.06%	0.22%	0.06%
GIC	D	0.05%	0.03%	0.03%
GKOS	B	0.18%	0.49%	0.18%
GOLF	F	0.12%	0.14%	0.12%
GPOR	B	0.07%	0.07%	0.07%
GRBK	C	0.1%	0.05%	0.05%
GVA	A	0.15%	0.2%	0.15%
HAE	D	0.08%	0.28%	0.08%
HALO	D	0.23%	0.59%	0.23%
HEES	D	0.05%	0.11%	0.05%
HIMS	B	0.1%	0.21%	0.1%
HLNE	A	0.16%	0.44%	0.16%
HLX	D	0.1%	0.02%	0.02%
HQY	C	0.15%	0.5%	0.15%
HRI	C	0.1%	0.31%	0.1%
HRMY	D	0.06%	0.08%	0.06%
HURN	D	0.11%	0.15%	0.11%
HWKN	A	0.16%	0.18%	0.16%
IAS	F	0.03%	0.01%	0.01%
IBP	B	0.15%	0.4%	0.15%
ICFI	C	0.11%	0.23%	0.11%
IDCC	A	0.11%	0.26%	0.11%
IESC	B	0.16%	0.12%	0.12%
INSM	D	0.22%	0.88%	0.22%
INTA	C	0.03%	0.13%	0.03%
IOSP	F	0.06%	0.18%	0.06%
IPAR	D	0.04%	0.17%	0.04%
IRTC	F	0.05%	0.16%	0.05%
ITGR	C	0.23%	0.23%	0.23%
ITRI	C	0.13%	0.32%	0.13%
JAMF	F	0.03%	0.1%	0.03%
JBI	F	0.06%	0.12%	0.06%
JJSF	B	0.07%	0.19%	0.07%
JOE	D	0.05%	0.16%	0.05%
KAI	C	0.14%	0.28%	0.14%
KNF	C	0.21%	0.33%	0.21%
KNTK	B	0.08%	0.01%	0.01%
KRYS	D	0.12%	0.36%	0.12%
KTB	B	0.19%	0.31%	0.19%
KTOS	A	0.11%	0.11%	0.11%
KYMR	D	0.12%	0.16%	0.12%
LAUR	C	0.11%	0.12%	0.11%
LKFN	F	0.08%	0.01%	0.01%
LMAT	B	0.11%	0.14%	0.11%
LMND	F	0.02%	0.06%	0.02%
LNTH	C	0.23%	0.54%	0.23%
LPG	F	0.08%	0.05%	0.05%
LRN	C	0.14%	0.26%	0.14%
MARA	F	0.07%	0.28%	0.07%
MCW	F	0.02%	0.04%	0.02%
MGEE	C	0.03%	0.1%	0.03%
MGNI	D	0.07%	0.11%	0.07%
MIR	B	0.07%	0.02%	0.02%
MIRM	D	0.13%	0.13%	0.13%
MLNK	F	0.05%	0.03%	0.03%
MMSI	C	0.14%	0.41%	0.14%
MOD	B	0.26%	0.47%	0.26%
MOG.A	A	0.25%	0.42%	0.25%
MTRN	F	0.02%	0.17%	0.02%
MYRG	F	0.03%	0.12%	0.03%
NABL	F	0.06%	0.07%	0.06%
NARI	F	0.02%	0.17%	0.02%
NEO	F	0.03%	0.01%	0.01%
NSSC	F	0.08%	0.12%	0.08%
NTST	D	0.02%	0.02%	0.02%
OPCH	F	0.05%	0.19%	0.05%
OSCR	C	0.17%	0.26%	0.17%
OSIS	B	0.07%	0.17%	0.07%
OSW	C	0.13%	0.12%	0.12%
OTTR	F	0.07%	0.12%	0.07%
OUT	C	0.06%	0.07%	0.06%
PAR	D	0.08%	0.13%	0.08%
PDFS	F	0.06%	0.07%	0.06%
PDFS	F	0.04%	0.07%	0.04%
PGNY	F	0.02%	0.15%	0.02%
PHR	F	0.03%	0.1%	0.03%
PI	B	0.16%	0.28%	0.16%
PJT	C	0.15%	0.22%	0.15%
PLAB	D	0.02%	0.04%	0.02%
PLAY	D	0.02%	0.08%	0.02%
PLMR	C	0.11%	0.18%	0.11%
POWL	A	0.18%	0.12%	0.12%
PRCT	C	0.16%	0.25%	0.16%
PRGS	B	0.07%	0.19%	0.07%
PRVA	F	0.05%	0.15%	0.05%
PTCT	C	0.11%	0.15%	0.11%
PTGX	C	0.16%	0.19%	0.16%
QTWO	C	0.16%	0.32%	0.16%
RAMP	F	0.04%	0.13%	0.04%
RDNT	C	0.14%	0.33%	0.14%
RHP	C	0.05%	0.45%	0.05%
RKLB	B	0.07%	0.16%	0.07%
ROAD	C	0.15%	0.21%	0.15%
ROCK	D	0.02%	0.08%	0.02%
RRR	D	0.05%	0.1%	0.05%
RVMD	B	0.14%	0.31%	0.14%
RXST	F	0.1%	0.14%	0.1%
RYTM	C	0.09%	0.19%	0.09%
SABR	B	0.06%	0.02%	0.02%
SFBS	D	0.22%	0.09%	0.09%
SFM	A	0.27%	0.78%	0.27%
SGBX	F	0.14%	0.23%	0.14%
SHAK	C	0.08%	0.28%	0.08%
SITM	B	0.06%	0.2%	0.06%
SKT	A	0.06%	0.09%	0.06%
SKWD	B	0.11%	0.03%	0.03%
SMMT	D	0.27%	0.08%	0.08%
SMPL	D	0.08%	0.21%	0.08%
SMTC	C	0.15%	0.21%	0.15%
SPNT	D	0.14%	0.01%	0.01%
STRL	B	0.15%	0.27%	0.15%
SXI	C	0.05%	0.12%	0.05%
TBBK	C	0.13%	0.18%	0.13%
TDW	F	0.13%	0.32%	0.13%
TENB	F	0.04%	0.36%	0.04%
TGLS	A	0.09%	0.1%	0.09%
TGTX	C	0.03%	0.24%	0.03%
THR	F	0.07%	0.01%	0.01%
TMDX	D	0.13%	0.4%	0.13%
TNC	F	0.07%	0.06%	0.06%
TNDM	D	0.11%	0.21%	0.11%
TNET	F	0.08%	0.25%	0.08%
TRN	C	0.13%	0.18%	0.13%
TWST	D	0.11%	0.18%	0.11%
UEC	B	0.02%	0.15%	0.02%
UFPT	D	0.12%	0.18%	0.12%
UMH	C	0.03%	0.01%	0.01%
UPWK	D	0.02%	0.09%	0.02%
USLM	C	0.15%	0.06%	0.06%
VC	F	0.02%	0.21%	0.02%
VCEL	F	0.05%	0.19%	0.05%
VECO	F	0.06%	0.12%	0.06%
VERX	A	0.1%	0.16%	0.1%
VGR	B	0.07%	0.02%	0.02%
VRNS	C	0.14%	0.46%	0.14%
VRRM	D	0.13%	0.34%	0.13%
WDFC	B	0.05%	0.27%	0.05%
WHD	B	0.14%	0.29%	0.14%
WRBY	C	0.09%	0.1%	0.09%
WTS	C	0.05%	0.4%	0.05%
XMTR	D	0.04%	0.06%	0.04%
YELP	D	0.04%	0.17%	0.04%
YOU	C	0.08%	0.2%	0.08%
ZETA	B	0.2%	0.32%	0.2%
ZUO	F	0.04%	0.08%	0.04%
ZWS	A	0.1%	0.33%	0.1%

FAD Overweight 398 Positions Relative to VTWG

Symbol	Grade	Weight
IRM	A	0.55%
VST	A	0.54%
HWM	A	0.53%
CEG	B	0.53%
KKR	A	0.52%
HEI	A	0.5%
BK	C	0.5%
TT	A	0.49%
GE	C	0.49%
ERIE	A	0.49%
LII	C	0.48%
FCNCA	D	0.48%
PWR	B	0.48%
WAB	A	0.47%
GDDY	D	0.47%
RCL	C	0.46%
VRT	B	0.46%
META	A	0.46%
COST	C	0.45%
GRMN	D	0.45%
APO	A	0.44%
MMM	C	0.44%
TJX	C	0.44%
STX	B	0.43%
HLT	A	0.43%
BKNG	C	0.43%
BAH	A	0.43%
JPM	D	0.43%
FICO	A	0.43%
LLY	D	0.42%
URI	C	0.41%
NTAP	D	0.4%
DECK	B	0.4%
MSI	A	0.39%
CMG	C	0.39%
ORCL	B	0.39%
NVDA	C	0.39%
BRO	A	0.38%
ISRG	A	0.37%
GOOGL	B	0.37%
TDG	A	0.37%
CAT	A	0.37%
ECL	B	0.36%
IR	A	0.36%
AMGN	D	0.36%
NTNX	C	0.36%
AVGO	C	0.36%
AJG	D	0.36%
NTRS	C	0.36%
CSL	A	0.36%
BSX	A	0.36%
PLTR	A	0.36%
RSG	D	0.35%
NFLX	A	0.35%
ETN	C	0.35%
CL	D	0.35%
CCL	C	0.34%
PANW	D	0.34%
UBER	C	0.34%
ROST	C	0.34%
VRTX	D	0.33%
LPLA	D	0.33%
DAL	C	0.33%
MAR	B	0.33%
AMZN	C	0.33%
PHM	A	0.32%
CRWD	D	0.32%
APH	D	0.32%
PSTG	F	0.32%
KLAC	B	0.31%
APP	A	0.31%
PH	A	0.3%
NOW	C	0.29%
PM	C	0.29%
MCO	D	0.28%
MANH	C	0.28%
EXPE	B	0.28%
TMUS	A	0.28%
CVNA	A	0.28%
TYL	B	0.28%
CTAS	B	0.28%
ARES	A	0.28%
FSLR	C	0.27%
DPZ	D	0.27%
LYV	A	0.27%
AMAT	B	0.27%
DLR	C	0.26%
ORLY	A	0.26%
MMC	D	0.26%
BR	B	0.26%
WSO	C	0.26%
FIX	A	0.26%
MPWR	B	0.26%
WMB	A	0.26%
ALSN	A	0.25%
COKE	B	0.25%
AZO	D	0.25%
ROL	B	0.25%
CW	A	0.25%
PSN	A	0.25%
MSFT	D	0.24%
WM	B	0.24%
INTU	F	0.24%
DVA	C	0.24%
ATI	B	0.24%
XYL	C	0.24%
OTIS	A	0.24%
HRB	C	0.24%
EME	C	0.24%
LRCX	D	0.24%
POST	C	0.23%
CLH	C	0.23%
IBKR	A	0.23%
PINS	D	0.23%
PCAR	D	0.23%
NTRA	A	0.23%
TTEK	B	0.23%
RIVN	F	0.22%
CDNS	D	0.22%
MUSA	D	0.22%
DDOG	D	0.22%
TOL	A	0.22%
TOST	C	0.22%
LNW	F	0.22%
FRPT	C	0.22%
AXON	A	0.22%
SNPS	F	0.21%
GWRE	A	0.21%
BFAM	C	0.21%
WING	B	0.21%
NXPI	F	0.21%
TXRH	A	0.21%
IBM	B	0.21%
OLLI	C	0.21%
TPL	B	0.21%
NVR	A	0.21%
PODD	C	0.2%
PPL	A	0.2%
WWD	B	0.2%
MGM	D	0.2%
AAON	A	0.2%
CASY	D	0.2%
H	C	0.2%
HOOD	C	0.2%
WELL	C	0.2%
ITT	B	0.19%
TKO	A	0.19%
ALNY	C	0.19%
MO	D	0.19%
TW	A	0.19%
KO	C	0.19%
AVB	C	0.19%
ESS	C	0.19%
PEGA	B	0.19%
IT	C	0.19%
AWI	A	0.19%
GWW	A	0.19%
ADP	A	0.19%
SO	A	0.19%
HUBB	A	0.19%
PG	C	0.18%
NYT	A	0.18%
ARMK	A	0.18%
WSM	B	0.18%
AAPL	C	0.18%
SYK	C	0.18%
MEDP	F	0.18%
STE	D	0.18%
RYAN	A	0.18%
ATR	A	0.18%
BWXT	A	0.18%
PRI	A	0.18%
KD	F	0.18%
TTD	C	0.18%
CHD	C	0.17%
MTD	B	0.17%
MLM	D	0.17%
EA	D	0.17%
AM	A	0.17%
INVH	D	0.17%
LOPE	D	0.17%
CRM	B	0.17%
DKNG	D	0.17%
FCN	C	0.17%
SATS	C	0.17%
RL	B	0.17%
XPO	F	0.17%
MTSI	B	0.16%
ADBE	F	0.16%
APPF	C	0.16%
HON	C	0.16%
DUOL	B	0.16%
AMD	D	0.16%
WFRD	F	0.16%
CHDN	D	0.16%
SRPT	F	0.16%
VRSK	D	0.16%
ROP	C	0.16%
ADI	C	0.16%
HCC	B	0.15%
SMAR	A	0.15%
OHI	C	0.15%
SNAP	D	0.15%
ONTO	B	0.15%
HAS	A	0.15%
APG	F	0.15%
ZS	F	0.15%
EPRT	C	0.15%
OKTA	F	0.14%
STWD	C	0.14%
CFR	D	0.14%
PLNT	B	0.14%
ACA	C	0.14%
NCLH	C	0.14%
MKSI	F	0.14%
ESAB	C	0.14%
SMCI	F	0.14%
IRT	C	0.14%
LAMR	C	0.14%
EXEL	B	0.14%
INGR	A	0.14%
FOUR	B	0.14%
AGIO	D	0.13%
GATX	F	0.13%
TDS	B	0.13%
OWL	A	0.13%
AXTA	C	0.13%
BRBR	C	0.13%
MORN	C	0.13%
RLI	A	0.13%
NHI	C	0.12%
SKYW	B	0.12%
MSA	F	0.12%
SLG	C	0.12%
IOT	C	0.12%
AFRM	C	0.12%
EEFT	F	0.12%
OLED	C	0.12%
DCI	B	0.12%
MBIN	D	0.11%
IONS	F	0.11%
PR	F	0.11%
BRC	C	0.11%
EXP	C	0.11%
ELF	F	0.11%
GNTX	D	0.11%
WYNN	B	0.11%
ESTC	F	0.11%
CNM	F	0.11%
CEIX	B	0.11%
TRU	A	0.11%
CPT	C	0.1%
AON	A	0.1%
PFGC	A	0.1%
SPR	D	0.1%
GBX	C	0.1%
PMT	C	0.1%
SOFI	C	0.1%
TPG	B	0.1%
KNSL	D	0.1%
ADC	B	0.1%
MAS	A	0.1%
JWN	D	0.1%
SHW	B	0.1%
DASH	A	0.1%
RMD	C	0.1%
MYGN	D	0.1%
FFIV	B	0.1%
ORA	C	0.09%
BLD	C	0.09%
SBRA	C	0.09%
AMH	D	0.09%
IIPR	C	0.09%
ADSK	B	0.09%
LIN	B	0.09%
SYBT	D	0.09%
V	C	0.09%
AKR	C	0.09%
MSTR	B	0.09%
SPG	A	0.09%
MSGS	A	0.09%
CHH	B	0.09%
AZEK	C	0.09%
ITCI	D	0.09%
GPK	C	0.09%
MA	A	0.09%
PAYX	A	0.09%
HD	A	0.09%
DRI	C	0.09%
UDR	C	0.09%
RPM	A	0.09%
MAC	C	0.09%
BOWL	F	0.09%
S	C	0.09%
SPGI	C	0.09%
TNL	B	0.09%
CPAY	A	0.09%
SCS	D	0.09%
MRUS	D	0.08%
ROK	D	0.08%
LVS	B	0.08%
CPRT	B	0.08%
TTWO	F	0.08%
WMS	D	0.08%
BROS	F	0.08%
PTC	D	0.08%
STZ	B	0.08%
UE	C	0.08%
INSW	B	0.08%
GIII	C	0.08%
VMC	D	0.08%
HASI	C	0.08%
ESRT	C	0.08%
WMG	D	0.08%
NSA	C	0.08%
AME	D	0.08%
MRVL	C	0.08%
NET	D	0.08%
HST	D	0.08%
AOS	B	0.08%
PEP	D	0.08%
TXN	C	0.08%
CARS	F	0.08%
GBDC	B	0.07%
ENTG	D	0.07%
INFA	D	0.07%
NBIX	F	0.07%
BA	F	0.07%
DOCS	A	0.07%
PK	D	0.07%
VNT	F	0.07%
WABC	F	0.07%
HUBS	D	0.07%
SLB	D	0.07%
SAM	D	0.07%
LYFT	D	0.07%
SWI	C	0.07%
IVT	C	0.06%
SMG	A	0.06%
SHC	C	0.06%
EW	F	0.06%
TGI	F	0.06%
LW	D	0.06%
AES	B	0.05%
DOCU	B	0.05%
RBC	C	0.05%
EGP	D	0.05%
NNN	A	0.05%
SSD	B	0.05%
TPX	C	0.05%
RGLD	C	0.05%
CELH	F	0.05%
DOC	C	0.05%
REG	C	0.05%
PEB	D	0.05%
EPR	C	0.05%
WEX	C	0.05%
SHO	D	0.05%
TR	D	0.05%
KRG	C	0.05%
CUBE	C	0.05%
ALLE	A	0.05%
BRX	C	0.05%
LTC	D	0.05%
LADR	D	0.05%
DRH	C	0.05%
CFLT	F	0.05%
PCOR	D	0.04%
VCYT	C	0.04%
RUN	D	0.04%
SAIA	D	0.04%
TRIP	F	0.04%
NCNO	F	0.04%
HXL	F	0.04%
YETI	B	0.04%
WEN	D	0.04%
NOVA	D	0.04%
JKHY	A	0.04%
WSC	D	0.04%
NEU	F	0.04%
TECH	C	0.04%
AMC	F	0.04%
CHE	C	0.04%
ETWO	F	0.04%
RNG	F	0.03%
KW	B	0.03%
BANC	D	0.03%
FCPT	C	0.03%
ALGM	F	0.03%
CIVI	F	0.03%
RKT	C	0.03%
WNC	F	0.02%
CTKB	F	0.02%
GTX	F	0.02%
WINA	D	0.02%
BEAM	F	0.02%
PLYM	D	0.02%
RES	D	0.02%

FAD Underweight 734 Positions Relative to VTWG

Symbol	Grade	Weight
FN	B	-0.66%
PCVX	B	-0.65%
FLR	D	-0.58%
MLI	C	-0.56%
SPSC	D	-0.55%
NOVT	C	-0.49%
NSIT	B	-0.45%
CHX	D	-0.44%
MMS	B	-0.42%
BECN	F	-0.4%
GTLS	F	-0.38%
RMBS	F	-0.36%
QLYS	F	-0.35%
SIGI	D	-0.35%
MC	C	-0.35%
PIPR	B	-0.35%
FFIN	D	-0.35%
RNA	B	-0.35%
MDGL	F	-0.32%
UFPI	C	-0.31%
MGY	B	-0.3%
WK	D	-0.29%
BOOT	A	-0.29%
ENS	D	-0.28%
DYN	D	-0.28%
SLAB	D	-0.28%
POWI	F	-0.28%
CVCO	B	-0.26%
AXNX	A	-0.26%
RXO	D	-0.25%
MWA	A	-0.25%
LANC	F	-0.25%
NSP	F	-0.25%
FOLD	F	-0.25%
ATKR	F	-0.25%
IDYA	F	-0.24%
SHOO	A	-0.24%
UPST	C	-0.24%
SXT	C	-0.23%
GMS	C	-0.23%
LCII	B	-0.22%
STEP	A	-0.22%
IOVA	F	-0.22%
ACLX	C	-0.22%
AEO	B	-0.22%
DORM	C	-0.22%
SQSP	A	-0.21%
PRIM	C	-0.21%
PATK	C	-0.21%
EAT	A	-0.21%
HGV	F	-0.21%
ARWR	F	-0.21%
BL	D	-0.21%
SWTX	F	-0.21%
SEM	D	-0.2%
MGRC	D	-0.2%
NUVL	B	-0.2%
OII	D	-0.2%
WD	C	-0.19%
ARCB	D	-0.19%
BCC	C	-0.19%
PRFT	A	-0.19%
APAM	C	-0.19%
KWR	D	-0.18%
SKY	B	-0.18%
FRSH	F	-0.18%
KLIC	D	-0.18%
BBIO	F	-0.18%
VAL	F	-0.18%
HBI	B	-0.17%
VCTR	B	-0.17%
KOS	F	-0.17%
BDC	B	-0.17%
ENR	B	-0.17%
AUR	C	-0.17%
RPD	D	-0.17%
BRZE	F	-0.17%
MQ	F	-0.16%
CSTM	F	-0.16%
FLYW	F	-0.16%
COOP	B	-0.16%
STNE	F	-0.15%
GSHD	B	-0.15%
ACAD	F	-0.15%
JOBY	D	-0.15%
AMN	F	-0.15%
ASTH	A	-0.15%
NATL	D	-0.15%
NVCR	F	-0.15%
COMP	C	-0.14%
AMPH	C	-0.14%
CAKE	A	-0.14%
SNDX	F	-0.13%
TFIN	F	-0.13%
PLUS	C	-0.13%
PD	F	-0.13%
VYX	B	-0.13%
UPBD	F	-0.13%
IMVT	F	-0.13%
THRM	F	-0.12%
PFSI	C	-0.12%
HLIT	C	-0.12%
PAYO	B	-0.12%
CALX	C	-0.12%
STAA	D	-0.12%
BLBD	D	-0.12%
UCTT	D	-0.12%
ARVN	F	-0.12%
WT	D	-0.11%
PSMT	B	-0.11%
CSGS	C	-0.11%
NGVT	D	-0.11%
PTON	C	-0.11%
VERA	C	-0.11%
CHEF	C	-0.11%
RXRX	F	-0.11%
TRUP	D	-0.11%
KURA	F	-0.11%
SPT	F	-0.11%
USPH	F	-0.1%
WOR	F	-0.1%
BKE	D	-0.1%
LOB	C	-0.1%
APPN	B	-0.1%
JANX	D	-0.1%
FUL	F	-0.1%
KROS	B	-0.1%
NVAX	C	-0.1%
SONO	D	-0.1%
EWTX	B	-0.1%
OCUL	B	-0.1%
SOUN	D	-0.1%
ARQT	D	-0.09%
CTS	B	-0.09%
SAVA	D	-0.09%
LBPH	D	-0.09%
SDGR	F	-0.09%
DVAX	D	-0.09%
VRTS	F	-0.09%
AMBA	B	-0.09%
PWSC	C	-0.09%
HNI	B	-0.09%
TPH	C	-0.09%
KFRC	F	-0.09%
HROW	B	-0.09%
RCKT	F	-0.09%
INFN	C	-0.09%
MGPI	D	-0.09%
MNKD	C	-0.09%
REVG	D	-0.09%
ARRY	F	-0.08%
VITL	B	-0.08%
PLXS	B	-0.08%
ASO	D	-0.08%
MEG	F	-0.08%
NRIX	D	-0.08%
SILK	A	-0.08%
TRNS	D	-0.08%
OEC	F	-0.08%
WWW	A	-0.08%
PAGS	F	-0.08%
XPEL	D	-0.08%
RDFN	C	-0.08%
COUR	F	-0.08%
ASAN	F	-0.08%
ARLO	F	-0.08%
KALU	D	-0.08%
SPNS	C	-0.08%
DFIN	C	-0.08%
CRAI	C	-0.08%
KLG	D	-0.08%
MXL	F	-0.08%
PZZA	D	-0.08%
EOLS	B	-0.07%
RVLV	C	-0.07%
SM	F	-0.07%
OXM	F	-0.07%
IMAX	D	-0.07%
WLY	A	-0.07%
COGT	C	-0.07%
CLB	D	-0.07%
PRO	F	-0.07%
ERII	B	-0.07%
SHLS	F	-0.07%
CWH	C	-0.07%
RCUS	F	-0.07%
WULF	C	-0.07%
EXPI	C	-0.07%
DNUT	D	-0.07%
ASGN	D	-0.07%
JACK	F	-0.07%
ATEN	B	-0.07%
AGX	A	-0.07%
PNTG	C	-0.07%
TARS	C	-0.07%
MCRI	B	-0.07%
VZIO	A	-0.07%
MRVI	F	-0.07%
HLIO	B	-0.07%
QNST	B	-0.07%
ANAB	D	-0.06%
UTZ	C	-0.06%
ACHR	F	-0.06%
CENX	B	-0.06%
GSAT	F	-0.06%
CVI	F	-0.06%
HI	F	-0.06%
HCI	B	-0.06%
KBH	C	-0.06%
IMNM	F	-0.06%
SANA	F	-0.06%
ATRC	C	-0.06%
UDMY	F	-0.06%
GRC	B	-0.06%
AORT	B	-0.06%
BLFS	D	-0.06%
ADUS	D	-0.06%
CWT	D	-0.06%
CECO	D	-0.06%
BLND	C	-0.06%
JBSS	F	-0.06%
BBSI	C	-0.06%
HCKT	C	-0.05%
ACEL	C	-0.05%
FSLY	D	-0.05%
CDMO	C	-0.05%
EVER	D	-0.05%
ACMR	D	-0.05%
PAX	F	-0.05%
SMR	B	-0.05%
SPRY	B	-0.05%
DAWN	D	-0.05%
PUBM	F	-0.05%
URBN	F	-0.05%
LMB	B	-0.05%
IBUY	A	-0.05%
PECO	C	-0.05%
CGEM	F	-0.05%
BSIG	D	-0.05%
VRDN	A	-0.05%
LNN	C	-0.05%
RVNC	F	-0.05%
ZIP	D	-0.05%
TTGT	F	-0.05%
UTI	D	-0.05%
AMSC	C	-0.05%
VVI	B	-0.05%
SSTK	F	-0.05%
ATEC	F	-0.05%
RSI	C	-0.05%
AUPH	C	-0.05%
AIN	F	-0.05%
ELVN	B	-0.05%
BLMN	F	-0.05%
CEVA	B	-0.04%
EU	B	-0.04%
VICR	B	-0.04%
XNCR	D	-0.04%
UHT	C	-0.04%
FDMT	F	-0.04%
FLNG	C	-0.04%
AHCO	C	-0.04%
SEMR	C	-0.04%
CASH	D	-0.04%
DJCO	C	-0.04%
NRDS	D	-0.04%
CASS	D	-0.04%
ABUS	D	-0.04%
KALV	F	-0.04%
SGHC	B	-0.04%
STOK	D	-0.04%
CGON	C	-0.04%
PLOW	C	-0.04%
YMAB	B	-0.04%
PTLO	C	-0.04%
HUMA	D	-0.04%
YEXT	B	-0.04%
TREE	C	-0.04%
NEXT	F	-0.04%
ARHS	F	-0.04%
HLF	F	-0.04%
LQDA	F	-0.04%
SIBN	F	-0.04%
PRTA	F	-0.04%
OSPN	D	-0.04%
AXGN	B	-0.04%
EVRI	A	-0.04%
MYE	F	-0.04%
CCB	C	-0.04%
SRRK	F	-0.04%
NNBR	B	-0.04%
IMXI	F	-0.04%
SLP	F	-0.04%
THRY	F	-0.04%
TPB	A	-0.04%
LPRO	D	-0.04%
IE	D	-0.04%
REAX	D	-0.04%
CYTK	F	-0.04%
GDYN	B	-0.04%
SLVM	C	-0.04%
PBI	C	-0.03%
DIOD	F	-0.03%
CDNA	B	-0.03%
METC	D	-0.03%
IGT	F	-0.03%
PLSE	D	-0.03%
CSV	C	-0.03%
PPTA	B	-0.03%
LFST	B	-0.03%
NRC	F	-0.03%
CELC	F	-0.03%
GTHX	B	-0.03%
SRDX	D	-0.03%
CCS	C	-0.03%
LWLG	F	-0.03%
DK	F	-0.03%
TSHA	F	-0.03%
NPO	C	-0.03%
PX	C	-0.03%
BYND	D	-0.03%
DHIL	C	-0.03%
ASPN	D	-0.03%
APLT	B	-0.03%
URGN	F	-0.03%
CYH	C	-0.03%
ESQ	C	-0.03%
IRMD	B	-0.03%
BAND	D	-0.03%
WVE	B	-0.03%
CTLP	B	-0.03%
MDXG	F	-0.03%
BFS	A	-0.03%
WRLD	D	-0.03%
FNA	F	-0.03%
KRUS	D	-0.03%
GCMG	A	-0.03%
XERS	B	-0.03%
ATEX	D	-0.03%
LEU	A	-0.03%
TTI	D	-0.03%
ENFN	C	-0.03%
NVEC	D	-0.03%
CHPT	F	-0.03%
AX	D	-0.03%
CIFR	D	-0.03%
CERS	F	-0.03%
AMSF	B	-0.03%
DMRC	F	-0.03%
CBL	D	-0.03%
BIGC	F	-0.03%
IDT	C	-0.03%
AEHR	F	-0.03%
JELD	D	-0.03%
CRGY	B	-0.03%
PRMW	C	-0.03%
ALEC	F	-0.03%
VSCO	C	-0.03%
ARCT	D	-0.03%
BBW	B	-0.03%
MITK	F	-0.03%
AMK	B	-0.03%
IBTA	D	-0.03%
MNMD	F	-0.03%
HY	F	-0.03%
MAX	B	-0.03%
WEAV	B	-0.03%
AGS	B	-0.03%
AIR	D	-0.03%
FC	C	-0.03%
TYRA	C	-0.03%
APOG	B	-0.03%
LQDT	C	-0.03%
INOD	D	-0.03%
BMEA	D	-0.02%
SERA	D	-0.02%
VSEC	D	-0.02%
EYPT	F	-0.02%
SNCY	D	-0.02%
AVAH	D	-0.02%
RICK	F	-0.02%
BRCC	F	-0.02%
INDI	F	-0.02%
MRTN	F	-0.02%
NBR	F	-0.02%
EWCZ	F	-0.02%
CRCT	C	-0.02%
PBPB	D	-0.02%
GOGO	F	-0.02%
EGHT	F	-0.02%
MCY	B	-0.02%
SNEX	C	-0.02%
FULC	F	-0.02%
WTI	D	-0.02%
TRAK	D	-0.02%
MLAB	B	-0.02%
EB	F	-0.02%
SYNA	D	-0.02%
HTLD	F	-0.02%
NOG	F	-0.02%
SGHT	D	-0.02%
GCBC	F	-0.02%
RCEL	D	-0.02%
DENN	D	-0.02%
NMIH	C	-0.02%
HSTM	B	-0.02%
IRWD	F	-0.02%
PRME	F	-0.02%
BLZE	D	-0.02%
SKYT	D	-0.02%
CSTL	C	-0.02%
LIND	D	-0.02%
APLD	B	-0.02%
NVEE	F	-0.02%
DOMO	F	-0.02%
ABSI	F	-0.02%
ALT	F	-0.02%
SAH	D	-0.02%
OLO	F	-0.02%
RIOT	F	-0.02%
LUNG	D	-0.02%
FBP	D	-0.02%
SFL	D	-0.02%
ITI	A	-0.02%
INST	B	-0.02%
IIIN	F	-0.02%
GRND	D	-0.02%
LAZR	F	-0.02%
WERN	D	-0.02%
NIC	D	-0.02%
TMCI	F	-0.02%
SIGA	F	-0.02%
XPOF	F	-0.02%
MNTK	D	-0.02%
AKRO	C	-0.02%
LYTS	B	-0.02%
CRMD	B	-0.02%
BJRI	D	-0.02%
ICHR	D	-0.02%
RDVT	D	-0.02%
TH	F	-0.02%
BWMN	F	-0.02%
SRCL	B	-0.02%
PRG	C	-0.02%
GHM	D	-0.02%
AMRC	C	-0.02%
NNOX	F	-0.02%
LESL	F	-0.02%
SVRA	F	-0.02%
CENTA	F	-0.02%
PDCO	F	-0.02%
OCGN	F	-0.02%
LRMR	F	-0.02%
CYRX	F	-0.02%
EVI	D	-0.01%
HOV	D	-0.01%
CTGO	F	-0.01%
CCO	D	-0.01%
DCGO	F	-0.01%
AKYA	D	-0.01%
VTSI	F	-0.01%
ANIK	D	-0.01%
YORW	D	-0.01%
ODC	D	-0.01%
NRDY	F	-0.01%
SCWO	D	-0.01%
DAKT	D	-0.01%
ALXO	F	-0.01%
MLYS	B	-0.01%
EP	D	-0.01%
REKR	F	-0.01%
VERU	F	-0.01%
CURV	F	-0.01%
BLNK	F	-0.01%
STKS	F	-0.01%
OMER	D	-0.01%
INMB	F	-0.01%
MAPS	F	-0.01%
ZURA	D	-0.01%
GLSI	D	-0.01%
RCKY	B	-0.01%
LWAY	B	-0.01%
QUAD	D	-0.01%
GCO	F	-0.01%
MRAM	D	-0.01%
DC	D	-0.01%
EMBC	F	-0.01%
AQST	C	-0.01%
ACHV	B	-0.01%
IRON	C	-0.01%
GOOD	A	-0.01%
INVA	B	-0.01%
MRSN	D	-0.01%
ESPR	F	-0.01%
STTK	F	-0.01%
UVE	C	-0.01%
PLUG	D	-0.01%
GNE	D	-0.01%
CAPR	B	-0.01%
RILY	F	-0.01%
CWCO	F	-0.01%
ULH	C	-0.01%
LAW	D	-0.01%
PAHC	C	-0.01%
NTIC	F	-0.01%
PFIS	D	-0.01%
KFS	D	-0.01%
ALIM	C	-0.01%
FFWM	F	-0.01%
MVIS	D	-0.01%
DESP	B	-0.01%
TILE	C	-0.01%
ACCD	F	-0.01%
MGTX	F	-0.01%
PRTH	C	-0.01%
NPCE	F	-0.01%
PKE	F	-0.01%
PRCH	F	-0.01%
LFMD	F	-0.01%
TRVI	C	-0.01%
STGW	B	-0.01%
AVXL	D	-0.01%
QUIK	F	-0.01%
TIPT	B	-0.01%
STXS	F	-0.01%
INBK	D	-0.01%
XFOR	F	-0.01%
PSTL	C	-0.01%
ACIC	F	-0.01%
ZYXI	D	-0.01%
BBAI	F	-0.01%
PHAT	C	-0.01%
OLMA	F	-0.01%
PETQ	A	-0.01%
ADCT	D	-0.01%
JYNT	F	-0.01%
SSTI	F	-0.01%
SMLR	F	-0.01%
FHTX	C	-0.01%
SUPN	D	-0.01%
INFU	D	-0.01%
CVRX	D	-0.01%
PEPG	F	-0.01%
LCTX	D	-0.01%
KLTR	D	-0.01%
SKIN	D	-0.01%
CADL	D	-0.01%
TAYD	D	-0.01%
BVS	B	-0.01%
JILL	F	-0.01%
CTOS	F	-0.01%
PESI	B	-0.01%
TSQ	F	-0.01%
SKYH	D	-0.01%
MSEX	C	-0.01%
PCT	C	-0.01%
IGMS	C	-0.01%
OPRX	F	-0.01%
BRY	F	-0.01%
CDZI	D	-0.01%
SCPH	F	-0.01%
EGAN	F	-0.01%
ORIC	D	-0.01%
SMTI	F	-0.01%
XOMA	D	-0.01%
GWRS	D	-0.01%
MDWD	D	-0.01%
REX	D	-0.01%
QRHC	D	-0.01%
ULCC	D	-0.01%
HNST	D	-0.01%
BDTX	F	-0.01%
SMID	D	-0.01%
PAYS	F	-0.01%
CDLX	F	-0.01%
GRPN	F	-0.01%
HEAR	B	-0.01%
LGIH	C	-0.01%
MODV	F	-0.01%
BTMD	F	-0.01%
EAF	C	-0.01%
LIVN	B	-0.01%
LNZA	D	-0.01%
EVCM	D	-0.01%
OFLX	D	-0.01%
INMD	F	-0.01%
CDXC	C	-0.01%
AEYE	D	-0.01%
DSP	C	-0.01%
TCX	F	-0.01%
PFMT	D	-0.01%
SCL	D	-0.01%
KRT	F	-0.01%
CALM	B	-0.01%
GAMB	C	-0.01%
LOVE	C	-0.01%
WKC	A	-0.01%
CMPO	B	-0.01%
ALTG	F	-0.01%
OMI	F	-0.01%
REAL	D	-0.01%
MGNX	F	-0.01%
MLP	D	-0.01%
KREF	C	-0.01%
LBRT	F	-0.01%
TDOC	D	-0.01%
NATH	A	-0.01%
CBRL	D	-0.01%
ARAY	F	-0.01%
INSE	C	-0.01%
RGR	F	-0.01%
JBT	B	-0.01%
BYRN	C	-0.01%
ANDE	D	-0.01%
LLAP	F	-0.0%
QRTEB	D	-0.0%
GRWG	F	-0.0%
MASS	F	-0.0%
RSVR	C	-0.0%
BSVN	D	-0.0%
LYRA	F	-0.0%
ATLC	C	-0.0%
LUNR	D	-0.0%
PTSI	F	-0.0%
QIPT	F	-0.0%
TDUP	F	-0.0%
PGEN	F	-0.0%
HLVX	F	-0.0%
AMPX	F	-0.0%
ULBI	D	-0.0%
RMNI	F	-0.0%
VGAS	D	-0.0%
VIRC	D	-0.0%
SES	F	-0.0%
MEC	B	-0.0%
HOWL	F	-0.0%
CZFS	C	-0.0%
PLPC	D	-0.0%
BOC	D	-0.0%
FBIZ	D	-0.0%
RENB	F	-0.0%
EVC	D	-0.0%
ORGO	D	-0.0%
HRTX	F	-0.0%
CTV	F	-0.0%
APEI	F	-0.0%
TERN	D	-0.0%
CDXS	D	-0.0%
AVTE	D	-0.0%
ELEV	F	-0.0%
LSEA	D	-0.0%
CIX	C	-0.0%
RGLS	D	-0.0%
DIBS	F	-0.0%
CLBK	F	-0.0%
FENC	F	-0.0%
SGC	D	-0.0%
SST	F	-0.0%
SHYF	D	-0.0%
ALDX	C	-0.0%
ATOS	C	-0.0%
AKBA	F	-0.0%
HBIO	F	-0.0%
IIIV	F	-0.0%
LASR	F	-0.0%
VALU	C	-0.0%
RM	C	-0.0%
DLHC	F	-0.0%
GALT	C	-0.0%
METCB	D	-0.0%
CRDF	D	-0.0%
MITT	C	-0.0%
ORN	F	-0.0%
OOMA	B	-0.0%
PBYI	F	-0.0%
NATR	F	-0.0%
HCAT	C	-0.0%
MPX	D	-0.0%
INNV	D	-0.0%
CHCT	F	-0.0%
FUBO	F	-0.0%
CHRS	F	-0.0%
MLR	B	-0.0%
TNYA	F	-0.0%
RDW	B	-0.0%
CMRE	B	-0.0%
PLL	D	-0.0%
USCB	D	-0.0%
MYFW	C	-0.0%
CENT	F	-0.0%
ITIC	C	-0.0%
FIGS	B	-0.0%
EPM	B	-0.0%
VRCA	F	-0.0%
MCBS	D	-0.0%
OABI	F	-0.0%
AOMR	F	-0.0%
FG	B	-0.0%
QBTS	F	-0.0%
REPX	C	-0.0%
CLPR	B	-0.0%
EVEX	D	-0.0%
NGS	D	-0.0%
FLWS	F	-0.0%
ARKO	C	-0.0%
HDSN	D	-0.0%
GMGI	F	-0.0%
PCRX	F	-0.0%
AIRS	D	-0.0%
EYE	F	-0.0%
CABA	F	-0.0%
SWBI	F	-0.0%
PTVE	D	-0.0%
PSTX	F	-0.0%
SHBI	D	-0.0%
OPEN	F	-0.0%
AVO	C	-0.0%
AHH	F	-0.0%
DXPE	C	-0.0%
ATNM	F	-0.0%
BMBL	F	-0.0%
DIN	D	-0.0%
CVGW	B	-0.0%
TTSH	D	-0.0%
BOOM	D	-0.0%
NGVC	C	-0.0%
HQI	D	-0.0%
QTRX	F	-0.0%
CRSR	D	-0.0%
EGY	D	-0.0%
OVID	D	-0.0%
OBIO	F	-0.0%
NWPX	C	-0.0%
LXRX	F	-0.0%