DFAT vs. FNK ETF Comparison

Comparison of Dimensional U.S. Targeted Value ETF (DFAT) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

DFAT

Dimensional U.S. Targeted Value ETF

DFAT Description

The investment seeks to achieve long-term capital appreciation while minimizing federal income taxes on returns. As a non-fundamental policy, under normal circumstances, the fund will invest at least 80% of its net assets in securities of U.S. companies. The fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Grade (RS Rating)

Last Trade

$58.20

Average Daily Volume

233,876

Number of Holdings ^*

1395

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks 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 Value 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) Value 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

$55.63

Average Daily Volume

9,201

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	DFAT	FNK
30 Days	2.81%	0.96%
60 Days	4.10%	1.84%
90 Days	8.64%	5.82%
12 Months	26.24%	23.74%

169 Overlapping Holdings

Symbol	Grade	Weight in DFAT	Weight in FNK	Overlap
AAP	C	0.1%	0.59%	0.1%
ABCB	B	0.31%	0.32%	0.31%
ABG	B	0.28%	0.47%	0.28%
ACA	A	0.26%	0.32%	0.26%
ADTN	A	0.09%	0.6%	0.09%
AEO	F	0.24%	0.34%	0.24%
AGCO	D	0.32%	0.26%	0.26%
AGO	A	0.34%	0.79%	0.34%
AIZ	A	0.03%	0.3%	0.03%
AL	A	0.32%	0.75%	0.32%
ALIT	C	0.16%	0.14%	0.14%
ALK	A	0.35%	0.48%	0.35%
ALKS	C	0.01%	0.3%	0.01%
AMG	A	0.02%	0.74%	0.02%
AMKR	F	0.16%	0.5%	0.16%
AMR	C	0.19%	0.72%	0.19%
AN	D	0.27%	0.4%	0.27%
APA	F	0.15%	0.64%	0.15%
AR	B	0.46%	0.31%	0.31%
ARW	D	0.42%	0.51%	0.42%
ASGN	F	0.11%	0.3%	0.11%
ASH	F	0.21%	0.38%	0.21%
ASO	F	0.18%	0.61%	0.18%
ATKR	C	0.03%	0.8%	0.03%
AUB	A	0.24%	0.16%	0.16%
AVNT	B	0.14%	0.15%	0.14%
AVT	C	0.35%	0.58%	0.35%
AXS	A	0.43%	0.44%	0.43%
BC	D	0.18%	0.42%	0.18%
BCC	A	0.35%	0.57%	0.35%
BECN	A	0.05%	0.34%	0.05%
BEN	C	0.16%	0.6%	0.16%
BERY	C	0.22%	0.46%	0.22%
BOKF	A	0.33%	0.32%	0.32%
BPOP	D	0.38%	0.14%	0.14%
BWA	B	0.41%	0.67%	0.41%
CADE	B	0.36%	0.69%	0.36%
CHRD	D	0.26%	0.71%	0.26%
CIVI	C	0.07%	0.73%	0.07%
CLF	F	0.26%	0.55%	0.26%
CMA	B	0.45%	0.33%	0.33%
CMC	B	0.46%	0.8%	0.46%
CNO	A	0.26%	0.64%	0.26%
CNX	A	0.4%	0.86%	0.4%
CNXC	F	0.06%	0.59%	0.06%
COLB	B	0.09%	0.51%	0.09%
COLM	B	0.0%	0.28%	0.0%
COOP	B	0.17%	0.62%	0.17%
CRC	A	0.2%	0.32%	0.2%
CZR	F	0.04%	0.14%	0.04%
DAR	B	0.2%	0.65%	0.2%
DDS	B	0.06%	0.57%	0.06%
DINO	D	0.39%	0.67%	0.39%
DIOD	F	0.12%	0.27%	0.12%
DNB	B	0.24%	0.15%	0.15%
DXC	D	0.2%	0.62%	0.2%
EMN	C	0.15%	0.39%	0.15%
ENS	D	0.11%	0.41%	0.11%
ESNT	D	0.29%	0.61%	0.29%
FAF	C	0.32%	0.14%	0.14%
FHN	A	0.53%	0.55%	0.53%
FIVE	F	0.01%	0.26%	0.01%
FMC	F	0.01%	0.63%	0.01%
FNB	A	0.33%	0.5%	0.33%
FUL	F	0.12%	0.14%	0.12%
G	A	0.13%	0.67%	0.13%
GL	B	0.18%	0.43%	0.18%
GMS	B	0.22%	0.48%	0.22%
GPI	B	0.38%	0.61%	0.38%
GXO	B	0.03%	0.16%	0.03%
HCC	B	0.08%	0.79%	0.08%
HGV	C	0.04%	0.33%	0.04%
HII	F	0.01%	0.33%	0.01%
HOG	D	0.22%	0.6%	0.22%
HP	C	0.19%	0.85%	0.19%
HRI	B	0.09%	0.6%	0.09%
HWC	B	0.28%	0.33%	0.28%
INGR	B	0.4%	0.46%	0.4%
IPG	F	0.22%	0.26%	0.22%
IVZ	B	0.4%	0.15%	0.15%
JAZZ	B	0.13%	0.64%	0.13%
JEF	A	0.33%	0.17%	0.17%
JXN	B	0.56%	0.87%	0.56%
KBH	D	0.13%	0.54%	0.13%
KFY	B	0.23%	0.3%	0.23%
KNX	B	0.52%	0.31%	0.31%
LAD	A	0.53%	0.68%	0.53%
LBRDK	C	0.2%	0.72%	0.2%
LBRT	F	0.18%	0.67%	0.18%
LEA	F	0.27%	0.63%	0.27%
LKQ	F	0.09%	0.42%	0.09%
M	D	0.2%	0.55%	0.2%
MAT	D	0.08%	0.14%	0.08%
MATX	B	0.21%	0.66%	0.21%
MDU	D	0.08%	0.53%	0.08%
MGM	D	0.0%	0.13%	0.0%
MGY	A	0.12%	0.64%	0.12%
MHO	D	0.13%	0.68%	0.13%
MLI	B	0.46%	0.36%	0.36%
MMS	D	0.01%	0.28%	0.01%
MOS	D	0.39%	0.59%	0.39%
MSM	D	0.04%	0.3%	0.04%
MTDR	B	0.36%	0.82%	0.36%
MTG	C	0.37%	0.69%	0.37%
MTH	D	0.15%	0.65%	0.15%
MUR	D	0.28%	0.7%	0.28%
NJR	A	0.03%	0.14%	0.03%
NOG	A	0.14%	0.82%	0.14%
NOV	D	0.3%	0.73%	0.3%
NXST	D	0.28%	0.44%	0.28%
OLN	F	0.25%	0.39%	0.25%
OMF	A	0.24%	0.5%	0.24%
OPCH	F	0.01%	0.1%	0.01%
ORI	A	0.35%	0.29%	0.29%
OSK	B	0.16%	0.79%	0.16%
OVV	C	0.46%	0.78%	0.46%
OZK	A	0.34%	0.64%	0.34%
PAG	B	0.31%	0.42%	0.31%
PB	A	0.41%	0.32%	0.32%
PBF	D	0.22%	0.7%	0.22%
PFGC	B	0.14%	0.16%	0.14%
PII	F	0.03%	0.35%	0.03%
PNFP	A	0.47%	0.18%	0.18%
POST	D	0.37%	0.4%	0.37%
PRGO	C	0.18%	0.14%	0.14%
PVH	C	0.35%	0.72%	0.35%
R	B	0.3%	0.64%	0.3%
RDN	D	0.19%	0.7%	0.19%
REYN	D	0.01%	0.25%	0.01%
RIG	D	0.18%	0.45%	0.18%
RNR	D	0.05%	0.68%	0.05%
RRC	B	0.1%	0.63%	0.1%
RUSHA	B	0.28%	0.68%	0.28%
SANM	B	0.3%	0.51%	0.3%
SEM	B	0.12%	0.16%	0.12%
SIG	C	0.26%	0.54%	0.26%
SJM	D	0.32%	0.4%	0.32%
SKX	F	0.02%	0.26%	0.02%
SLGN	A	0.09%	0.29%	0.09%
SLM	A	0.0%	0.29%	0.0%
SM	C	0.29%	0.78%	0.29%
SNX	C	0.54%	0.43%	0.43%
SON	D	0.15%	0.39%	0.15%
SSB	B	0.43%	0.16%	0.16%
SUM	B	0.0%	0.54%	0.0%
TAP	B	0.43%	0.74%	0.43%
TEX	D	0.16%	0.74%	0.16%
THO	B	0.31%	0.44%	0.31%
TKR	F	0.07%	0.26%	0.07%
TMHC	B	0.54%	0.73%	0.54%
TPH	D	0.28%	0.67%	0.28%
UBSI	A	0.31%	0.33%	0.31%
UCB	A	0.19%	0.16%	0.16%
UFPI	C	0.17%	0.3%	0.17%
UHAL	D	0.0%	0.26%	0.0%
UHAL	D	0.21%	0.26%	0.21%
UHS	D	0.01%	0.51%	0.01%
UMBF	B	0.12%	0.17%	0.12%
UNM	A	0.68%	0.67%	0.67%
URBN	C	0.22%	0.72%	0.22%
VLY	A	0.2%	0.48%	0.2%
VOYA	A	0.18%	0.15%	0.15%
WAL	B	0.21%	0.15%	0.15%
WBS	A	0.49%	0.54%	0.49%
WCC	B	0.53%	0.53%	0.53%
WD	D	0.13%	0.14%	0.13%
WHR	A	0.06%	0.45%	0.06%
WTFC	A	0.45%	0.35%	0.35%
ZION	A	0.44%	0.54%	0.44%

DFAT Overweight 1226 Positions Relative to FNK

Symbol	Grade	Weight
ALLY	C	0.51%
MHK	D	0.49%
TWLO	A	0.44%
X	C	0.41%
SKYW	B	0.41%
SOFI	A	0.4%
JLL	C	0.4%
ONB	B	0.37%
SNV	B	0.36%
JHG	A	0.36%
COHR	C	0.36%
FYBR	C	0.33%
IBOC	A	0.32%
GAP	C	0.31%
DTM	A	0.31%
WTM	A	0.3%
AX	A	0.3%
TCBI	A	0.3%
BIO	D	0.3%
RRX	B	0.29%
ASB	B	0.29%
ITGR	B	0.29%
GTES	A	0.29%
AA	A	0.29%
PLXS	B	0.28%
ABM	B	0.26%
PRIM	A	0.26%
ATGE	B	0.26%
LRN	A	0.26%
GHC	B	0.25%
FBP	B	0.25%
FULT	A	0.25%
CEIX	A	0.25%
HOMB	A	0.24%
CATY	A	0.23%
WSFS	A	0.23%
CALM	A	0.23%
PR	B	0.23%
ESGR	B	0.23%
VTRS	A	0.22%
ELAN	D	0.22%
GVA	A	0.22%
PFSI	D	0.22%
HUBG	A	0.22%
CRS	A	0.22%
TRN	A	0.22%
FLEX	B	0.22%
GNW	A	0.22%
HHH	B	0.22%
SF	A	0.21%
BTU	B	0.21%
TDS	B	0.21%
CACI	C	0.2%
PBH	A	0.2%
MCY	A	0.2%
CVCO	B	0.2%
HL	D	0.19%
IOSP	C	0.19%
REZI	A	0.19%
AROC	A	0.19%
ENVA	B	0.19%
HUN	F	0.19%
NNI	C	0.19%
ESE	A	0.19%
KMPR	A	0.19%
STNG	F	0.19%
CRK	A	0.19%
MTX	B	0.18%
WAFD	B	0.18%
TGNA	B	0.18%
PATK	C	0.18%
CCS	F	0.18%
UNF	B	0.18%
NPO	A	0.18%
CWK	B	0.17%
FIBK	A	0.17%
AIR	B	0.17%
VCYT	B	0.17%
TRMK	B	0.17%
BFH	B	0.17%
ARCH	B	0.17%
CNH	C	0.17%
FFBC	A	0.17%
NMIH	D	0.17%
TTMI	B	0.17%
FHB	B	0.17%
HTLF	B	0.16%
VAC	C	0.16%
SFNC	B	0.16%
SPB	C	0.16%
ACIW	B	0.16%
BHF	B	0.16%
MAN	F	0.15%
DORM	B	0.15%
B	A	0.15%
NVST	C	0.15%
CVBF	A	0.15%
VSTO	A	0.15%
NBTB	B	0.15%
NWBI	A	0.15%
PRDO	B	0.15%
RNST	B	0.15%
PFS	A	0.15%
SNEX	A	0.15%
KEX	A	0.15%
SNDR	B	0.15%
NWL	B	0.15%
FRME	A	0.15%
BKU	A	0.15%
INSW	F	0.15%
GBX	A	0.15%
BANR	A	0.15%
ALG	C	0.15%
SMPL	B	0.14%
OFG	B	0.14%
LGIH	F	0.14%
GT	C	0.14%
ST	F	0.14%
FCF	A	0.14%
WERN	B	0.14%
PSMT	D	0.14%
KMT	B	0.14%
CASH	B	0.14%
USM	B	0.14%
WMK	B	0.14%
WSBC	A	0.14%
STC	A	0.14%
ARCB	C	0.14%
KAR	A	0.14%
TOWN	B	0.14%
INDB	A	0.14%
BRBR	A	0.14%
STRA	C	0.13%
WGO	C	0.13%
FBK	B	0.13%
DHT	D	0.13%
PPC	B	0.13%
VSH	F	0.13%
ENOV	C	0.13%
EPC	D	0.13%
CNXN	D	0.13%
EFSC	B	0.13%
PPBI	B	0.13%
NAVI	F	0.13%
JBLU	D	0.13%
IBTX	B	0.13%
AZTA	F	0.13%
ESI	B	0.13%
LCII	D	0.13%
MTRN	C	0.13%
HLX	C	0.12%
MRCY	B	0.12%
LAUR	A	0.12%
FDP	A	0.12%
BHE	B	0.12%
ROCK	C	0.12%
BG	D	0.12%
USFD	B	0.12%
PHIN	A	0.12%
PLUS	F	0.12%
MGNI	B	0.12%
WKC	D	0.12%
CDE	C	0.12%
HMN	B	0.12%
DNOW	B	0.12%
ZD	B	0.12%
CBU	B	0.12%
SEB	F	0.12%
LZB	A	0.12%
KN	B	0.12%
SFL	D	0.11%
NMRK	A	0.11%
KTOS	C	0.11%
GATX	A	0.11%
THS	F	0.11%
UAA	B	0.11%
WOR	F	0.11%
CPA	A	0.11%
GEF	B	0.11%
LGND	C	0.11%
SUPN	B	0.11%
ANDE	C	0.11%
ICFI	F	0.11%
CERT	F	0.11%
PINC	B	0.11%
AMWD	B	0.11%
FL	F	0.11%
EBC	A	0.11%
BRC	C	0.11%
VRTS	B	0.1%
MRTN	C	0.1%
EIG	A	0.1%
WS	B	0.1%
SWI	B	0.1%
SBCF	B	0.1%
NBHC	B	0.1%
GIII	D	0.1%
OI	D	0.1%
SRCE	B	0.1%
SAH	B	0.1%
UVV	B	0.1%
KSS	F	0.1%
FBNC	B	0.1%
QCRH	B	0.1%
SPNT	A	0.1%
APOG	B	0.1%
IP	A	0.1%
OSIS	A	0.1%
AGIO	C	0.1%
ARMK	C	0.1%
GPK	D	0.1%
NHC	B	0.1%
AGM	B	0.1%
CENTA	C	0.1%
CUBI	B	0.1%
CTS	B	0.09%
BUSE	B	0.09%
ACHC	F	0.09%
STBA	B	0.09%
CLVT	F	0.09%
BANC	B	0.09%
HOPE	B	0.09%
LC	A	0.09%
PLAB	D	0.09%
MLKN	F	0.09%
COTY	F	0.09%
ADNT	F	0.09%
UA	B	0.09%
WTTR	A	0.09%
INVA	C	0.09%
HAYW	A	0.09%
TROX	F	0.09%
GTLS	A	0.09%
TFIN	B	0.09%
CMRE	B	0.09%
UCTT	F	0.09%
NTCT	B	0.09%
XRAY	F	0.08%
GO	C	0.08%
BDC	B	0.08%
DK	D	0.08%
MSGE	F	0.08%
VBTX	B	0.08%
LPG	F	0.08%
MODG	F	0.08%
GPOR	A	0.08%
TCBK	A	0.08%
KWR	C	0.08%
ICUI	D	0.08%
ROG	D	0.08%
RUN	F	0.08%
LTH	D	0.08%
SCL	D	0.08%
UPBD	C	0.08%
SASR	A	0.08%
BHLB	B	0.08%
SCSC	B	0.08%
PDCO	D	0.08%
TALO	C	0.08%
ESAB	B	0.07%
RAMP	C	0.07%
SAM	C	0.07%
HI	C	0.07%
LILAK	F	0.07%
ADUS	D	0.07%
PLYA	B	0.07%
DAN	F	0.07%
CTBI	A	0.07%
MGRC	B	0.07%
NIC	B	0.07%
RIOT	C	0.07%
SCS	B	0.07%
IMKTA	C	0.07%
SCVL	F	0.07%
ATSG	A	0.07%
HTH	B	0.07%
NEOG	D	0.07%
FOR	F	0.07%
CABO	C	0.07%
NVEE	F	0.07%
CAL	F	0.07%
MMI	B	0.07%
MIR	A	0.07%
KLIC	C	0.07%
SAFT	B	0.07%
VSEC	B	0.07%
SXC	A	0.07%
ECPG	B	0.07%
BXC	A	0.07%
IART	C	0.07%
TILE	B	0.06%
HNI	B	0.06%
JNPR	D	0.06%
GES	F	0.06%
HSII	B	0.06%
CRGY	A	0.06%
VAL	F	0.06%
RUSHB	B	0.06%
NTB	B	0.06%
MBIN	F	0.06%
PRK	B	0.06%
KALU	C	0.06%
DCO	B	0.06%
SGRY	F	0.06%
OXM	F	0.06%
CMCO	C	0.06%
BV	C	0.06%
VC	F	0.06%
UNFI	A	0.06%
OCFC	A	0.06%
CRI	F	0.06%
IPGP	D	0.06%
OC	A	0.06%
MRC	B	0.06%
DXPE	B	0.06%
VECO	F	0.06%
DGII	B	0.06%
PFBC	B	0.06%
RES	F	0.06%
PEBO	A	0.06%
AIN	C	0.06%
XRX	F	0.06%
SXT	C	0.06%
AMED	F	0.06%
XPRO	F	0.06%
COHU	D	0.06%
TPC	B	0.06%
WLFC	C	0.06%
CVI	D	0.06%
HFWA	B	0.05%
ACT	D	0.05%
FSLY	D	0.05%
LIVN	C	0.05%
GABC	A	0.05%
TRST	A	0.05%
ETD	D	0.05%
SMP	C	0.05%
TRIP	D	0.05%
GSBC	B	0.05%
SONO	C	0.05%
AXL	C	0.05%
PRLB	B	0.05%
HURN	B	0.05%
MD	B	0.05%
BRKL	B	0.05%
OMI	F	0.05%
TMP	A	0.05%
UVSP	B	0.05%
ECVT	C	0.05%
KW	C	0.05%
FBMS	B	0.05%
VRNT	D	0.05%
GNK	C	0.05%
NX	C	0.05%
CARS	B	0.05%
FA	D	0.05%
PUMP	C	0.05%
PFC	A	0.05%
GRBK	D	0.05%
KOS	D	0.05%
CNOB	B	0.05%
HSTM	B	0.05%
LOB	A	0.05%
ASTE	C	0.05%
TDW	F	0.05%
ORA	B	0.05%
AHCO	F	0.05%
BY	B	0.05%
ICHR	C	0.05%
AZZ	A	0.05%
THR	B	0.05%
SXI	A	0.05%
HTLD	B	0.05%
ALGT	B	0.05%
SCHL	F	0.05%
VTOL	B	0.05%
BELFB	C	0.05%
REX	C	0.05%
TRS	D	0.05%
DVAX	C	0.05%
AMAL	B	0.05%
DCOM	A	0.05%
JBT	A	0.05%
BJRI	B	0.05%
OLO	B	0.04%
PLPC	B	0.04%
SW	A	0.04%
AMBC	C	0.04%
SNCY	C	0.04%
REVG	B	0.04%
RYAM	B	0.04%
KRO	D	0.04%
NAT	F	0.04%
RBCAA	B	0.04%
JELD	F	0.04%
BZH	C	0.04%
UVE	A	0.04%
KOP	C	0.04%
AGX	C	0.04%
TDOC	C	0.04%
MATW	C	0.04%
ETWO	F	0.04%
MSBI	B	0.04%
AMRK	F	0.04%
RPAY	D	0.04%
HZO	F	0.04%
TIPT	B	0.04%
HAFC	A	0.04%
CAG	F	0.04%
PCRX	C	0.04%
OEC	C	0.04%
SBSI	B	0.04%
CCBG	B	0.04%
NR	C	0.04%
ASIX	B	0.04%
MBWM	B	0.04%
SLVM	B	0.04%
HELE	C	0.04%
CSTL	C	0.04%
HBNC	A	0.04%
SPTN	F	0.04%
VTLE	C	0.04%
RYI	C	0.04%
IBCP	B	0.04%
OSBC	A	0.04%
DLX	A	0.04%
MBUU	C	0.04%
FCBC	B	0.04%
PRA	B	0.04%
HAYN	A	0.04%
EYE	C	0.04%
AOSL	D	0.04%
DV	C	0.04%
NEO	C	0.04%
DAKT	A	0.04%
NAPA	A	0.04%
NTGR	A	0.04%
EGBN	B	0.04%
SWBI	D	0.04%
PRAA	C	0.04%
MLR	C	0.04%
BMBL	C	0.04%
GRC	B	0.04%
MNRO	B	0.04%
MTUS	F	0.04%
AVNS	F	0.04%
CNDT	C	0.04%
CFFN	B	0.04%
GLDD	B	0.04%
HLIO	B	0.04%
CPRI	F	0.04%
VIAV	B	0.04%
WNC	C	0.04%
ODP	F	0.04%
EQBK	A	0.04%
CPF	A	0.04%
EZPW	A	0.04%
YELP	C	0.04%
FARO	B	0.03%
CENT	C	0.03%
MP	B	0.03%
GBCI	A	0.03%
USNA	C	0.03%
ANIP	D	0.03%
BHB	B	0.03%
KRNY	B	0.03%
MGPI	F	0.03%
SMBC	B	0.03%
OSW	B	0.03%
KE	C	0.03%
DOLE	D	0.03%
AMTB	B	0.03%
MCB	A	0.03%
BAND	D	0.03%
SBH	A	0.03%
HNRG	A	0.03%
LEG	F	0.03%
KELYA	F	0.03%
NGVC	B	0.03%
CHEF	C	0.03%
CSV	B	0.03%
NGVT	B	0.03%
RBBN	B	0.03%
IIIN	C	0.03%
VMEO	B	0.03%
LOCO	D	0.03%
CHCO	B	0.03%
NPK	C	0.03%
NVRI	F	0.03%
VREX	C	0.03%
ACCO	B	0.03%
FLGT	F	0.03%
IAS	D	0.03%
EBF	D	0.03%
RDUS	C	0.03%
BKD	F	0.03%
THFF	B	0.03%
UFCS	A	0.03%
NFBK	B	0.03%
ALV	C	0.03%
HONE	B	0.03%
CLNE	D	0.03%
HCSG	B	0.03%
DNUT	D	0.03%
FWRG	C	0.03%
MCS	B	0.03%
LBRDA	C	0.03%
VFC	C	0.03%
CFB	B	0.03%
FMBH	A	0.03%
ATLC	A	0.03%
ASC	F	0.03%
NBN	B	0.03%
MATV	F	0.03%
EWBC	A	0.03%
MYRG	C	0.03%
HTBK	A	0.03%
OBK	B	0.03%
PGC	A	0.03%
THRM	F	0.03%
NWPX	A	0.03%
EVH	F	0.03%
OMCL	C	0.03%
HOV	F	0.03%
CAC	B	0.03%
HBCP	B	0.02%
CXT	D	0.02%
VPG	F	0.02%
HTBI	A	0.02%
AMCX	C	0.02%
ATNI	F	0.02%
FMNB	B	0.02%
LINC	C	0.02%
INBK	A	0.02%
GPRE	F	0.02%
TCMD	A	0.02%
BH	A	0.02%
HOFT	C	0.02%
VNDA	C	0.02%
FIGS	F	0.02%
TITN	C	0.02%
WSBF	B	0.02%
CGEM	F	0.02%
SFST	A	0.02%
FNLC	B	0.02%
JOUT	F	0.02%
ITOS	F	0.02%
MOV	C	0.02%
RICK	C	0.02%
HTZ	C	0.02%
FNKO	D	0.02%
BHRB	B	0.02%
AMPS	C	0.02%
SWK	F	0.02%
WLDN	C	0.02%
BMRC	A	0.02%
TRUE	B	0.02%
CIVB	B	0.02%
RGP	F	0.02%
LE	D	0.02%
APEI	B	0.02%
BOH	B	0.02%
CENX	B	0.02%
OSUR	F	0.02%
BFST	B	0.02%
SPFI	B	0.02%
CLBK	B	0.02%
RLGT	B	0.02%
BBW	B	0.02%
ONEW	F	0.02%
TFSL	B	0.02%
MCFT	C	0.02%
CLSK	C	0.02%
CNMD	C	0.02%
SEG	B	0.02%
WEYS	B	0.02%
MTRX	B	0.02%
PACK	C	0.02%
RBB	B	0.02%
SENEA	A	0.02%
TBI	F	0.02%
METC	C	0.02%
FLWS	D	0.02%
JBI	F	0.02%
GCI	D	0.02%
VSTS	F	0.02%
NBR	D	0.02%
GNE	F	0.02%
MTW	C	0.02%
GTN	F	0.02%
PYCR	C	0.02%
TWI	F	0.02%
WABC	B	0.02%
BRY	F	0.02%
IPI	B	0.02%
DJCO	B	0.02%
RGNX	F	0.02%
GEF	B	0.02%
WTBA	B	0.02%
LGF.A	F	0.02%
HY	D	0.02%
PRM	C	0.02%
PLOW	D	0.02%
FFWM	C	0.02%
HAIN	F	0.02%
CEVA	B	0.02%
SMBK	B	0.02%
VLGEA	B	0.02%
SIRI	D	0.02%
CARE	B	0.02%
CCNE	B	0.02%
PAHC	B	0.02%
FBIZ	B	0.02%
NGS	A	0.02%
FLXS	B	0.02%
WASH	B	0.02%
USAP	A	0.02%
DSGR	C	0.02%
HRTG	C	0.02%
SYBT	B	0.02%
VIR	F	0.02%
MITK	C	0.02%
FISI	B	0.02%
UNTY	A	0.02%
DGICA	B	0.02%
ODC	D	0.02%
NRIM	A	0.02%
ITIC	A	0.02%
AROW	B	0.02%
FFIC	B	0.02%
PTVE	C	0.02%
BOC	D	0.02%
HVT	D	0.02%
OPEN	F	0.02%
SHEN	F	0.02%
AVO	B	0.02%
HCAT	C	0.02%
CALX	F	0.02%
ULH	B	0.02%
GCO	B	0.02%
UTI	A	0.02%
WRLD	D	0.02%
CVGW	C	0.02%
AORT	B	0.02%
ZEUS	C	0.02%
SYNA	D	0.02%
MERC	F	0.02%
FRPH	A	0.02%
CLW	F	0.02%
SHBI	A	0.02%
PUBM	D	0.02%
LOVE	A	0.02%
HWKN	B	0.02%
BGS	F	0.02%
BSRR	B	0.02%
ANET	C	0.02%
GDYN	C	0.02%
LYTS	A	0.02%
TRC	F	0.02%
GDOT	D	0.02%
ORRF	B	0.02%
ZUMZ	D	0.02%
GLRE	B	0.02%
CECO	C	0.02%
MOFG	A	0.02%
APTV	F	0.02%
IBEX	A	0.01%
UFI	F	0.01%
HBIO	F	0.01%
KEQU	C	0.01%
FONR	F	0.01%
NATH	B	0.01%
KOD	B	0.01%
MXL	D	0.01%
IVAC	F	0.01%
CPS	C	0.01%
VICR	C	0.01%
TTGT	C	0.01%
IMMR	F	0.01%
HBT	A	0.01%
SPOK	B	0.01%
AXR	B	0.01%
WOW	C	0.01%
LASR	D	0.01%
NOVA	F	0.01%
CZWI	A	0.01%
MLNK	C	0.01%
PNRG	A	0.01%
GEOS	C	0.01%
ARCT	F	0.01%
GHM	A	0.01%
NTIC	C	0.01%
GIFI	C	0.01%
AOUT	C	0.01%
GDEN	B	0.01%
SSP	F	0.01%
PHX	A	0.01%
ULBI	F	0.01%
PARA	D	0.01%
UBFO	A	0.01%
LCUT	F	0.01%
BALY	A	0.01%
GRNT	A	0.01%
PPIH	B	0.01%
BELFA	D	0.01%
CBNK	B	0.01%
ESQ	B	0.01%
CHMG	A	0.01%
MPAA	B	0.01%
CYRX	D	0.01%
ELMD	A	0.01%
CCCC	F	0.01%
ALLO	D	0.01%
ALTG	C	0.01%
UEIC	B	0.01%
TASK	C	0.01%
TNC	F	0.01%
CRBU	D	0.01%
NNBR	C	0.01%
AMPH	F	0.01%
ISTR	A	0.01%
EHTH	C	0.01%
FNWB	C	0.01%
TWIN	D	0.01%
GSM	C	0.01%
CIFR	C	0.01%
NECB	B	0.01%
TR	A	0.01%
MCBS	B	0.01%
CLAR	D	0.01%
BBCP	F	0.01%
AESI	B	0.01%
TTSH	D	0.01%
ARKO	D	0.01%
PCB	A	0.01%
TLYS	F	0.01%
BFIN	A	0.01%
AE	A	0.01%
VYX	C	0.01%
MCRI	A	0.01%
HURC	C	0.01%
VRA	D	0.01%
RVSB	B	0.01%
MG	F	0.01%
PFIS	B	0.01%
STRS	C	0.01%
EVBN	B	0.01%
III	C	0.01%
ACCD	F	0.01%
KIDS	F	0.01%
HBB	F	0.01%
OPBK	B	0.01%
RGA	A	0.01%
NATR	C	0.01%
RCKY	F	0.01%
BWFG	B	0.01%
NUVB	C	0.01%
KEY	A	0.01%
PTLO	F	0.01%
BSET	B	0.01%
ASUR	D	0.01%
PRG	B	0.01%
STRT	A	0.01%
CHGG	D	0.01%
SMHI	F	0.01%
OPY	B	0.01%
FET	D	0.01%
REPX	A	0.01%
BILL	A	0.01%
RNA	C	0.01%
RMAX	D	0.01%
LSEA	F	0.01%
DBRG	F	0.01%
SFIX	C	0.01%
CTRN	F	0.01%
USPH	C	0.01%
VIRC	C	0.01%
VSAT	F	0.01%
PGNY	F	0.01%
EML	F	0.01%
SMLR	B	0.01%
CDNA	D	0.01%
BLDE	D	0.01%
CBAN	A	0.01%
LAKE	B	0.01%
MX	F	0.01%
WNEB	A	0.01%
EPM	A	0.01%
VYGR	F	0.01%
NC	C	0.01%
BOOM	F	0.01%
HEES	B	0.01%
UTMD	D	0.01%
ALCO	F	0.01%
ANIK	D	0.01%
PENN	C	0.01%
TBRG	A	0.01%
SWIM	D	0.01%
SRI	F	0.01%
MLAB	F	0.01%
FUNC	A	0.01%
PKE	B	0.01%
FRBA	C	0.01%
BCML	A	0.01%
ALRS	D	0.01%
BCBP	A	0.01%
OABI	F	0.01%
LGTY	B	0.01%
BLFY	A	0.01%
RELL	B	0.01%
CE	F	0.01%
SHYF	C	0.01%
PKBK	A	0.01%
VOXX	C	0.01%
CVEO	D	0.01%
OSPN	B	0.01%
FATE	F	0.01%
ACLS	F	0.01%
ACNB	B	0.01%
HIFS	B	0.01%
CNSL	B	0.01%
FF	F	0.01%
JJSF	C	0.01%
EVC	C	0.01%
WOOF	D	0.01%
DBI	F	0.01%
ASPN	F	0.01%
TG	C	0.01%
LGF.A	F	0.01%
OFIX	B	0.01%
MCW	C	0.01%
GMED	A	0.01%
EDIT	F	0.01%
KODK	D	0.01%
QUAD	B	0.01%
CPSS	B	0.01%
FLIC	A	0.01%
CFFI	A	0.01%
ACTG	F	0.01%
CCB	A	0.01%
ADV	F	0.01%
QNST	C	0.01%
LXU	C	0.01%
LXFR	B	0.01%
PANL	F	0.01%
QTRX	D	0.01%
RNGR	A	0.01%
CMP	B	0.01%
MEI	F	0.01%
LNN	B	0.01%
FSTR	B	0.01%
BANF	B	0.01%
CRSR	D	0.01%
PARR	D	0.01%
THRY	F	0.01%
SGC	C	0.01%
ZIMV	F	0.01%
DH	F	0.01%
ATRO	F	0.01%
OIS	B	0.01%
AMN	F	0.01%
CCRN	F	0.01%
AMRC	F	0.01%
LEGH	D	0.01%
BWB	B	0.01%
FSBW	B	0.01%
ANGO	C	0.01%
NUS	C	0.01%
GENC	B	0.01%
CTOS	B	0.01%
DFH	F	0.01%
LILA	F	0.01%
HDSN	F	0.01%
EBTC	B	0.01%
FRST	B	0.01%
SD	D	0.01%
ONTF	C	0.01%
ORGO	B	0.01%
GNTY	A	0.01%
LFST	C	0.01%
MYE	F	0.01%
PKOH	B	0.01%
RLAY	F	0.01%
AMPY	D	0.01%
EGY	F	0.01%
ORN	B	0.01%
TSBK	B	0.01%
FFNW	D	0.01%
CZNC	B	0.01%
RM	D	0.01%
AVD	C	0.01%
MEC	F	0.01%
MPB	B	0.01%
JAKK	C	0.01%
CRMT	F	0.01%
XERS	C	0.0%
ICD	F	0.0%
CHCI	D	0.0%
CVV	D	0.0%
HFBL	D	0.0%
RBKB	A	0.0%
AWX	A	0.0%
ELSE	A	0.0%
ABOS	D	0.0%
MFIN	B	0.0%
IROQ	A	0.0%
WMPN	B	0.0%
NHTC	D	0.0%
CKX	F	0.0%
OPOF	A	0.0%
ACIC	B	0.0%
FUSB	A	0.0%
ACIU	F	0.0%
SLNG	B	0.0%
SSBI	D	0.0%
HOWL	F	0.0%
VTYX	F	0.0%
EDUC	F	0.0%
PEPG	F	0.0%
PALT	F	0.0%
LIVE	F	0.0%
UTZ	D	0.0%
CODA	B	0.0%
WVVI	F	0.0%
LTRN	F	0.0%
BRBS	B	0.0%
WHLM	F	0.0%
PFMT	F	0.0%
FCAP	D	0.0%
OBT	B	0.0%
EVI	D	0.0%
QIPT	F	0.0%
TLF	F	0.0%
PRLD	F	0.0%
GTN.A	C	0.0%
ACRV	D	0.0%
ORMP	F	0.0%
HVT	D	0.0%
PMCB	F	0.0%
AMS	F	0.0%
AAME	C	0.0%
CARV	D	0.0%
AUBN	B	0.0%
GROW	F	0.0%
COHN	C	0.0%
JVA	B	0.0%
SKLZ	F	0.0%
NCSM	A	0.0%
PBHC	B	0.0%
NRDS	C	0.0%
BRID	D	0.0%
MTEX	B	0.0%
CFBK	B	0.0%
DDD	C	0.0%
BIOX	F	0.0%
LSBK	B	0.0%
CRWS	F	0.0%
PRTS	C	0.0%
SIF	F	0.0%
HHS	F	0.0%
ABSI	F	0.0%
RDIB	F	0.0%
TAIT	F	0.0%
UONEK	F	0.0%
UBCP	C	0.0%
UONE	F	0.0%
RMBI	A	0.0%
OCC	F	0.0%
OPHC	B	0.0%
CNTY	B	0.0%
UNB	A	0.0%
RFL	C	0.0%
DTST	C	0.0%
ATHA	D	0.0%
FKWL	D	0.0%
FXNC	A	0.0%
HNNA	B	0.0%
TNYA	D	0.0%
SLQT	C	0.0%
SGMA	D	0.0%
TRT	C	0.0%
ICCC	F	0.0%
NSYS	F	0.0%
CVR	C	0.0%
LSF	C	0.0%
SGRP	D	0.0%
CPIX	F	0.0%
JBSS	F	0.0%
MXC	D	0.0%
KRT	B	0.0%
ORIC	D	0.0%
NTWK	F	0.0%
GBIO	F	0.0%
ISSC	B	0.0%
HPK	C	0.0%
HSON	F	0.0%
BOTJ	B	0.0%
STHO	F	0.0%
BCAB	D	0.0%
PDEX	C	0.0%
FNWD	B	0.0%
UPLD	B	0.0%
DIT	F	0.0%
JRSH	A	0.0%
CROX	F	0.0%
RZLT	C	0.0%
INFU	B	0.0%
ZDGE	F	0.0%
SFBC	C	0.0%
AFBI	C	0.0%
RCMT	C	0.0%
GTIM	D	0.0%
LGL	B	0.0%
COFS	A	0.0%
ZI	D	0.0%
FINW	A	0.0%
SVT	F	0.0%
CBFV	A	0.0%
GDRX	F	0.0%
CZFS	A	0.0%
OLPX	F	0.0%
NKTX	F	0.0%
FORM	F	0.0%
FRAF	A	0.0%
BCOV	A	0.0%
BDTX	F	0.0%
HEAR	C	0.0%
SND	C	0.0%
SSTI	D	0.0%
FLL	F	0.0%
STRO	D	0.0%
REPL	C	0.0%
FTK	A	0.0%
APT	F	0.0%
FPH	C	0.0%
AWRE	F	0.0%
SLP	F	0.0%
DGICB	A	0.0%
MNTK	F	0.0%
ETNB	D	0.0%
FSBC	B	0.0%
LBRDP	C	0.0%
ENZ	D	0.0%
MHH	A	0.0%
CMLS	F	0.0%
METCB	C	0.0%
SBFG	C	0.0%
SAVE	F	0.0%
FSFG	A	0.0%
INDI	C	0.0%
TACT	F	0.0%
LUNA	F	0.0%
RAPT	F	0.0%
AEIS	B	0.0%
WYY	A	0.0%
MNSB	C	0.0%
TAYD	F	0.0%
BWEN	F	0.0%
INVE	C	0.0%
NAII	F	0.0%
LARK	A	0.0%
HFFG	C	0.0%
OVBC	A	0.0%
PBFS	A	0.0%
EBMT	B	0.0%
SWKH	F	0.0%
RFIL	C	0.0%
SENEB	A	0.0%
MGYR	A	0.0%
DAIO	C	0.0%
BFC	B	0.0%
MBCN	C	0.0%
GSIT	F	0.0%
XNCR	B	0.0%
PFIE	A	0.0%
PETS	C	0.0%
VABK	A	0.0%
STKS	F	0.0%
AP	F	0.0%
ESOA	A	0.0%
BSVN	A	0.0%
CXDO	C	0.0%
NEXA	B	0.0%
DSGN	C	0.0%
TSVT	F	0.0%
OOMA	A	0.0%
CPHC	C	0.0%
AXTI	F	0.0%
DIBS	F	0.0%
MRAM	D	0.0%
VEL	A	0.0%
MYPS	C	0.0%
FARM	F	0.0%
DOUG	B	0.0%
PBYI	D	0.0%
PYXS	C	0.0%
MRBK	A	0.0%
TSQ	D	0.0%
SATS	D	0.0%
CIA	C	0.0%
SSBK	A	0.0%
COOK	D	0.0%
EVCM	B	0.0%
CIX	C	0.0%
ARKR	F	0.0%
OB	B	0.0%
SRTS	A	0.0%
DHX	F	0.0%
PLRX	D	0.0%
FCCO	B	0.0%
OVLY	A	0.0%
MPX	C	0.0%
CSPI	C	0.0%
POWW	F	0.0%
NL	B	0.0%
MASS	F	0.0%
NKSH	C	0.0%
IMAX	B	0.0%
MUX	F	0.0%
NODK	A	0.0%
RSVR	B	0.0%
SKWD	A	0.0%
NWFL	B	0.0%
TRDA	C	0.0%
EBS	C	0.0%
VTSI	C	0.0%
NABL	F	0.0%
BDL	F	0.0%
BCAL	A	0.0%
HLIT	F	0.0%
GLUE	C	0.0%
AC	B	0.0%
ERAS	C	0.0%
ASRV	B	0.0%
ENTA	F	0.0%
CMTL	F	0.0%
TWST	F	0.0%
SBT	C	0.0%
SCWX	B	0.0%
PEBK	B	0.0%
EGAN	D	0.0%
FVCB	C	0.0%
PL	B	0.0%
GATO	C	0.0%
CVGI	F	0.0%
ASLE	C	0.0%
DLHC	F	0.0%
CF	A	0.0%
SAGE	F	0.0%
CULP	D	0.0%
LCNB	B	0.0%
TLS	D	0.0%
OPRT	B	0.0%
ALTO	F	0.0%
WHG	B	0.0%
TERN	F	0.0%
PVBC	B	0.0%
ANGI	F	0.0%
FG	B	0.0%
LNSR	B	0.0%
BWMN	C	0.0%
CMT	F	0.0%
ATLO	C	0.0%
MNTX	B	0.0%
RRBI	A	0.0%
CTKB	C	0.0%
TTI	B	0.0%
SPWH	F	0.0%
SIGA	F	0.0%
LTRX	F	0.0%
KVHI	B	0.0%
SSTK	F	0.0%
BGSF	F	0.0%
GAIA	B	0.0%
FORR	D	0.0%
FMAO	A	0.0%
MYFW	A	0.0%
RMR	F	0.0%
SSYS	C	0.0%
SGA	F	0.0%
ARC	A	0.0%
TUSK	F	0.0%
MVBF	C	0.0%
EGHT	C	0.0%
NTLA	F	0.0%
AGM	B	0.0%
KTCC	C	0.0%
ESP	B	0.0%
OPRX	F	0.0%
CDLX	D	0.0%
NATL	C	0.0%
MEG	F	0.0%
FEIM	B	0.0%
QRHC	F	0.0%
LMNR	C	0.0%
JRVR	F	0.0%
VERV	F	0.0%
TCBX	A	0.0%
ESSA	B	0.0%
TBNK	B	0.0%
KNF	B	0.0%
FULC	F	0.0%
PLBC	A	0.0%
GAMB	B	0.0%
SNFCA	A	0.0%
PROV	A	0.0%
CLFD	F	0.0%
ASYS	C	0.0%
ALOT	C	0.0%
GRWG	F	0.0%
CRNC	F	0.0%
AVNW	F	0.0%
PWOD	A	0.0%
ACU	C	0.0%
DXLG	D	0.0%
HMST	F	0.0%
CATO	C	0.0%
DLTH	F	0.0%
INGN	C	0.0%
FRD	F	0.0%
GPRO	F	0.0%
EPSN	C	0.0%
INTT	C	0.0%
ESCA	C	0.0%
HWBK	A	0.0%
RGR	F	0.0%

DFAT Underweight 55 Positions Relative to FNK

Symbol	Grade	Weight
PTEN	C	-0.8%
NFE	F	-0.76%
UGI	C	-0.67%
LNC	B	-0.64%
KRC	C	-0.6%
OTTR	C	-0.59%
BKH	A	-0.58%
SOLV	C	-0.58%
HST	D	-0.58%
PNW	A	-0.58%
NFG	A	-0.57%
EVRG	A	-0.57%
GBDC	A	-0.57%
BBWI	C	-0.56%
POR	C	-0.56%
SR	A	-0.55%
JBL	C	-0.48%
BYD	B	-0.48%
OGE	A	-0.45%
SWX	A	-0.44%
OGS	A	-0.43%
WU	F	-0.38%
OGN	F	-0.36%
VNT	C	-0.34%
SEIC	A	-0.33%
CRL	D	-0.32%
IDA	A	-0.32%
CUZ	B	-0.3%
WTRG	B	-0.29%
PNM	B	-0.29%
LPX	A	-0.29%
TNET	F	-0.28%
MIDD	C	-0.28%
JWN	C	-0.28%
WPC	D	-0.25%
EPAM	B	-0.17%
RHI	C	-0.16%
FLR	B	-0.15%
FELE	B	-0.15%
AFG	A	-0.15%
MUSA	A	-0.15%
BJ	B	-0.15%
TPR	A	-0.15%
STWD	C	-0.14%
LFUS	D	-0.14%
SEE	D	-0.14%
TTC	D	-0.14%
LSTR	D	-0.14%
SKY	A	-0.14%
WTS	A	-0.14%
IAC	F	-0.14%
NSP	F	-0.13%
HSIC	C	-0.13%
RYN	D	-0.13%
FBIN	F	-0.12%