FAB vs. AVLC ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Avantis U.S. Large Cap Equity ETF (AVLC)

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB 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 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 Composite 1500(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

$88.95

Average Daily Volume

2,527

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

AVLC

Avantis U.S. Large Cap Equity ETF

AVLC Description

The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of companies with lower levels of profitability and less attractive value characteristics

Grade (RS Rating)

Last Trade

$69.74

Average Daily Volume

19,482

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

Performance

Period	FAB	AVLC
30 Days	6.40%	4.71%
60 Days	5.80%	6.29%
90 Days	6.32%	7.72%
12 Months	27.56%	33.08%

343 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in AVLC	Overlap
ACN	C	0.09%	0.32%	0.09%
ADM	D	0.38%	0.11%	0.11%
ADTN	A	0.18%	0.01%	0.01%
AEE	A	0.36%	0.08%	0.08%
AEP	D	0.23%	0.14%	0.14%
AFG	A	0.05%	0.06%	0.05%
AFL	B	0.25%	0.19%	0.19%
AGCO	D	0.08%	0.04%	0.04%
AGO	B	0.25%	0.0%	0.0%
AIG	B	0.45%	0.2%	0.2%
AIZ	A	0.09%	0.05%	0.05%
AKAM	D	0.22%	0.03%	0.03%
AL	B	0.23%	0.01%	0.01%
ALIT	C	0.05%	0.0%	0.0%
ALK	C	0.15%	0.03%	0.03%
ALKS	B	0.09%	0.0%	0.0%
ALLY	C	0.36%	0.06%	0.06%
AMG	B	0.23%	0.0%	0.0%
AMKR	D	0.15%	0.02%	0.02%
AN	C	0.12%	0.01%	0.01%
APA	D	0.2%	0.03%	0.03%
APD	A	0.09%	0.22%	0.09%
APTV	D	0.33%	0.04%	0.04%
AR	B	0.09%	0.03%	0.03%
ARW	D	0.15%	0.05%	0.05%
ATKR	C	0.23%	0.01%	0.01%
ATO	A	0.36%	0.05%	0.05%
AWK	D	0.08%	0.03%	0.03%
AXS	A	0.14%	0.05%	0.05%
BAC	A	0.3%	0.42%	0.3%
BBWI	D	0.17%	0.01%	0.01%
BBY	D	0.23%	0.12%	0.12%
BC	C	0.12%	0.02%	0.02%
BCC	B	0.17%	0.03%	0.03%
BECN	B	0.1%	0.01%	0.01%
BEN	C	0.18%	0.01%	0.01%
BERY	B	0.14%	0.01%	0.01%
BG	F	0.4%	0.08%	0.08%
BIIB	F	0.22%	0.03%	0.03%
BJ	A	0.05%	0.08%	0.05%
BKR	B	0.3%	0.18%	0.18%
BLDR	D	0.24%	0.07%	0.07%
BOKF	B	0.09%	0.01%	0.01%
BPOP	B	0.04%	0.03%	0.03%
BWA	D	0.2%	0.05%	0.05%
BYD	C	0.15%	0.01%	0.01%
C	A	0.38%	0.23%	0.23%
CADE	B	0.21%	0.02%	0.02%
CAG	D	0.07%	0.01%	0.01%
CAR	C	0.06%	0.0%	0.0%
CARR	D	0.16%	0.06%	0.06%
CB	C	0.35%	0.22%	0.22%
CE	F	0.24%	0.01%	0.01%
CF	B	0.35%	0.09%	0.09%
CFG	B	0.4%	0.08%	0.08%
CHRD	D	0.22%	0.05%	0.05%
CHTR	C	0.31%	0.05%	0.05%
CI	F	0.08%	0.07%	0.07%
CINF	A	0.48%	0.07%	0.07%
CIVI	D	0.22%	0.03%	0.03%
CLF	F	0.15%	0.03%	0.03%
CLX	B	0.09%	0.06%	0.06%
CMA	A	0.1%	0.06%	0.06%
CMC	B	0.23%	0.04%	0.04%
CMCSA	B	0.45%	0.38%	0.38%
CMI	A	0.1%	0.21%	0.1%
CMS	C	0.17%	0.06%	0.06%
CNC	D	0.27%	0.08%	0.08%
CNP	B	0.36%	0.02%	0.02%
CNXC	F	0.17%	0.0%	0.0%
COF	B	0.43%	0.23%	0.23%
COLB	A	0.15%	0.0%	0.0%
COOP	B	0.18%	0.02%	0.02%
COP	C	0.47%	0.38%	0.38%
CPB	D	0.08%	0.01%	0.01%
CRBG	B	0.37%	0.05%	0.05%
CRL	C	0.09%	0.01%	0.01%
CSCO	B	0.19%	0.3%	0.19%
CSX	B	0.18%	0.26%	0.18%
CTRA	B	0.46%	0.1%	0.1%
CTSH	B	0.37%	0.13%	0.13%
CTVA	C	0.08%	0.08%	0.08%
CVS	D	0.38%	0.05%	0.05%
CVX	A	0.48%	0.64%	0.48%
CWEN	C	0.02%	0.0%	0.0%
CWEN	C	0.02%	0.01%	0.01%
CZR	F	0.04%	0.0%	0.0%
D	C	0.25%	0.05%	0.05%
DAL	C	0.56%	0.23%	0.23%
DAR	C	0.19%	0.02%	0.02%
DD	D	0.08%	0.06%	0.06%
DDS	B	0.19%	0.01%	0.01%
DE	A	0.24%	0.3%	0.24%
DG	F	0.32%	0.06%	0.06%
DGX	A	0.26%	0.01%	0.01%
DHI	D	0.3%	0.12%	0.12%
DINO	D	0.21%	0.04%	0.04%
DIS	B	0.2%	0.18%	0.18%
DOW	F	0.21%	0.14%	0.14%
DRI	B	0.18%	0.1%	0.1%
DTE	C	0.24%	0.07%	0.07%
DUK	C	0.24%	0.16%	0.16%
DVN	F	0.44%	0.14%	0.14%
DXC	B	0.18%	0.0%	0.0%
EBAY	D	0.24%	0.14%	0.14%
ED	D	0.32%	0.08%	0.08%
EG	C	0.41%	0.08%	0.08%
EIX	B	0.16%	0.09%	0.09%
ELV	F	0.14%	0.13%	0.13%
EMN	D	0.12%	0.04%	0.04%
EOG	A	0.48%	0.3%	0.3%
EPAM	C	0.05%	0.04%	0.04%
EQT	B	0.41%	0.11%	0.11%
ESNT	D	0.19%	0.03%	0.03%
ETR	B	0.39%	0.12%	0.12%
EVRG	A	0.17%	0.05%	0.05%
EXC	C	0.33%	0.1%	0.1%
EXPD	D	0.08%	0.09%	0.08%
F	C	0.46%	0.2%	0.2%
FAF	A	0.04%	0.03%	0.03%
FANG	D	0.37%	0.17%	0.17%
FBIN	D	0.04%	0.02%	0.02%
FDX	B	0.37%	0.26%	0.26%
FE	C	0.16%	0.02%	0.02%
FHN	A	0.17%	0.04%	0.04%
FITB	A	0.28%	0.14%	0.14%
FIVE	F	0.09%	0.01%	0.01%
FLR	B	0.05%	0.02%	0.02%
FMC	D	0.18%	0.04%	0.04%
FNB	A	0.15%	0.0%	0.0%
FNF	B	0.17%	0.08%	0.08%
FOXA	B	0.49%	0.05%	0.05%
FTV	C	0.08%	0.01%	0.01%
G	B	0.2%	0.03%	0.03%
GD	F	0.08%	0.05%	0.05%
GIS	D	0.15%	0.03%	0.03%
GL	B	0.13%	0.06%	0.06%
GM	B	0.56%	0.31%	0.31%
GPC	D	0.15%	0.06%	0.06%
GXO	B	0.05%	0.01%	0.01%
HAL	C	0.45%	0.13%	0.13%
HBAN	A	0.42%	0.11%	0.11%
HD	A	0.09%	0.58%	0.09%
HIG	B	0.35%	0.19%	0.19%
HII	D	0.1%	0.04%	0.04%
HOLX	D	0.08%	0.03%	0.03%
HPE	B	0.46%	0.08%	0.08%
HPQ	B	0.18%	0.05%	0.05%
HRI	B	0.18%	0.0%	0.0%
HRL	D	0.24%	0.02%	0.02%
HSIC	B	0.04%	0.01%	0.01%
HSY	F	0.16%	0.09%	0.09%
HUM	C	0.16%	0.05%	0.05%
IDA	A	0.1%	0.01%	0.01%
IEX	B	0.09%	0.03%	0.03%
INGR	B	0.14%	0.07%	0.07%
INTC	D	0.37%	0.16%	0.16%
IP	B	0.3%	0.13%	0.13%
IPG	D	0.08%	0.01%	0.01%
IPGP	D	0.07%	0.0%	0.0%
IVZ	B	0.04%	0.02%	0.02%
J	F	0.09%	0.01%	0.01%
JAZZ	B	0.19%	0.04%	0.04%
JBHT	C	0.19%	0.08%	0.08%
JBL	B	0.14%	0.1%	0.1%
JEF	A	0.05%	0.08%	0.05%
JNJ	D	0.16%	0.58%	0.16%
JXN	C	0.24%	0.07%	0.07%
KBH	D	0.16%	0.04%	0.04%
KDP	D	0.16%	0.05%	0.05%
KEY	B	0.2%	0.05%	0.05%
KEYS	A	0.08%	0.06%	0.06%
KHC	F	0.23%	0.05%	0.05%
KLG	C	0.07%	0.0%	0.0%
KMI	A	0.42%	0.1%	0.1%
KNX	B	0.09%	0.04%	0.04%
KR	B	0.36%	0.2%	0.2%
L	A	0.37%	0.07%	0.07%
LAD	A	0.2%	0.03%	0.03%
LBRDK	C	0.2%	0.02%	0.02%
LEA	D	0.19%	0.03%	0.03%
LEN	D	0.4%	0.17%	0.17%
LEN	D	0.4%	0.01%	0.01%
LFUS	F	0.04%	0.02%	0.02%
LH	C	0.09%	0.04%	0.04%
LHX	C	0.09%	0.03%	0.03%
LKQ	D	0.13%	0.01%	0.01%
LMT	D	0.08%	0.23%	0.08%
LNC	B	0.19%	0.01%	0.01%
LNG	B	0.41%	0.23%	0.23%
LNT	A	0.25%	0.04%	0.04%
LOW	D	0.08%	0.12%	0.08%
LPX	B	0.09%	0.06%	0.06%
LSTR	D	0.04%	0.04%	0.04%
LUV	C	0.28%	0.08%	0.08%
LYB	F	0.38%	0.11%	0.11%
M	D	0.17%	0.02%	0.02%
MAS	D	0.08%	0.02%	0.02%
MAT	D	0.04%	0.03%	0.03%
MDLZ	F	0.08%	0.09%	0.08%
MDT	D	0.08%	0.12%	0.08%
MDU	D	0.16%	0.02%	0.02%
MGM	D	0.04%	0.01%	0.01%
MGY	A	0.19%	0.02%	0.02%
MIDD	C	0.08%	0.01%	0.01%
MLI	C	0.1%	0.07%	0.07%
MMS	F	0.07%	0.0%	0.0%
MOH	F	0.16%	0.07%	0.07%
MOS	F	0.17%	0.05%	0.05%
MPC	D	0.42%	0.22%	0.22%
MS	A	0.32%	0.35%	0.32%
MTB	A	0.31%	0.12%	0.12%
MTDR	B	0.26%	0.05%	0.05%
MTG	C	0.21%	0.04%	0.04%
MTH	D	0.19%	0.02%	0.02%
MUR	D	0.21%	0.03%	0.03%
MUSA	A	0.05%	0.07%	0.05%
NDSN	B	0.08%	0.01%	0.01%
NFE	D	0.22%	0.0%	0.0%
NFG	A	0.17%	0.01%	0.01%
NI	A	0.27%	0.02%	0.02%
NKE	D	0.07%	0.17%	0.07%
NOV	C	0.22%	0.02%	0.02%
NUE	C	0.43%	0.16%	0.16%
NVR	D	0.17%	0.1%	0.1%
NWSA	B	0.19%	0.03%	0.03%
NXST	C	0.13%	0.01%	0.01%
OC	A	0.39%	0.11%	0.11%
ODFL	B	0.1%	0.14%	0.1%
OGE	B	0.13%	0.04%	0.04%
OGN	D	0.1%	0.01%	0.01%
OKE	A	0.21%	0.2%	0.2%
OLN	D	0.11%	0.03%	0.03%
OMC	C	0.09%	0.02%	0.02%
OMF	A	0.15%	0.04%	0.04%
ON	D	0.32%	0.12%	0.12%
OPCH	D	0.03%	0.0%	0.0%
ORI	A	0.09%	0.05%	0.05%
OSK	B	0.24%	0.02%	0.02%
OVV	B	0.25%	0.08%	0.08%
OXY	D	0.43%	0.15%	0.15%
OZK	B	0.19%	0.02%	0.02%
PAG	B	0.13%	0.01%	0.01%
PB	A	0.1%	0.02%	0.02%
PBF	D	0.22%	0.01%	0.01%
PCAR	B	0.51%	0.25%	0.25%
PEP	F	0.08%	0.27%	0.08%
PFG	D	0.09%	0.09%	0.09%
PFGC	B	0.05%	0.06%	0.05%
PHM	D	0.39%	0.12%	0.12%
PKG	A	0.19%	0.12%	0.12%
PNC	B	0.2%	0.22%	0.2%
PNFP	B	0.05%	0.03%	0.03%
PNW	B	0.18%	0.05%	0.05%
POST	C	0.12%	0.0%	0.0%
PPG	F	0.16%	0.05%	0.05%
PPL	B	0.26%	0.07%	0.07%
PRU	A	0.18%	0.18%	0.18%
PSX	C	0.43%	0.19%	0.19%
PVH	C	0.22%	0.03%	0.03%
PYPL	B	0.09%	0.32%	0.09%
R	B	0.2%	0.05%	0.05%
RDN	C	0.21%	0.0%	0.0%
REYN	D	0.08%	0.0%	0.0%
RF	A	0.29%	0.08%	0.08%
RGA	A	0.18%	0.08%	0.08%
RHI	B	0.05%	0.05%	0.05%
RJF	A	0.23%	0.11%	0.11%
RNR	C	0.2%	0.07%	0.07%
RRC	B	0.19%	0.04%	0.04%
RS	B	0.47%	0.07%	0.07%
SAM	C	0.03%	0.0%	0.0%
SBUX	A	0.09%	0.09%	0.09%
SEE	C	0.04%	0.01%	0.01%
SEIC	B	0.1%	0.03%	0.03%
SJM	D	0.12%	0.01%	0.01%
SKX	D	0.08%	0.05%	0.05%
SLB	C	0.36%	0.09%	0.09%
SLGN	A	0.09%	0.0%	0.0%
SM	B	0.24%	0.01%	0.01%
SNA	A	0.32%	0.08%	0.08%
SNDR	B	0.08%	0.0%	0.0%
SNX	C	0.12%	0.04%	0.04%
SOLV	C	0.17%	0.01%	0.01%
SON	D	0.12%	0.02%	0.02%
SPB	C	0.07%	0.0%	0.0%
SRE	A	0.38%	0.07%	0.07%
SSB	B	0.05%	0.03%	0.03%
SSNC	B	0.17%	0.01%	0.01%
STLD	B	0.48%	0.12%	0.12%
STT	A	0.27%	0.1%	0.1%
STX	D	0.23%	0.03%	0.03%
SUM	B	0.16%	0.01%	0.01%
SWKS	F	0.3%	0.07%	0.07%
SWX	B	0.13%	0.02%	0.02%
SYF	B	0.57%	0.15%	0.15%
SYY	B	0.24%	0.07%	0.07%
T	A	0.44%	0.42%	0.42%
TAP	C	0.23%	0.05%	0.05%
TDY	B	0.28%	0.03%	0.03%
TGT	F	0.25%	0.29%	0.25%
THO	B	0.13%	0.01%	0.01%
TKR	D	0.08%	0.03%	0.03%
TMHC	B	0.22%	0.02%	0.02%
TNET	D	0.09%	0.01%	0.01%
TOL	B	0.43%	0.07%	0.07%
TPR	B	0.05%	0.08%	0.05%
TROW	B	0.48%	0.1%	0.1%
TRV	B	0.28%	0.26%	0.26%
TSN	B	0.19%	0.05%	0.05%
TTC	D	0.04%	0.03%	0.03%
TXT	D	0.25%	0.05%	0.05%
UAL	A	0.7%	0.19%	0.19%
UFPI	B	0.09%	0.05%	0.05%
UGI	A	0.2%	0.0%	0.0%
UHAL	D	0.07%	0.03%	0.03%
UHAL	D	0.07%	0.0%	0.0%
UHS	D	0.15%	0.06%	0.06%
ULTA	F	0.25%	0.11%	0.11%
UNM	A	0.21%	0.06%	0.06%
UPS	C	0.08%	0.19%	0.08%
USB	A	0.28%	0.23%	0.23%
VLO	C	0.45%	0.17%	0.17%
VNT	B	0.1%	0.01%	0.01%
VOYA	B	0.04%	0.03%	0.03%
VTRS	A	0.38%	0.09%	0.09%
VZ	C	0.32%	0.45%	0.32%
WAL	B	0.05%	0.06%	0.05%
WBS	A	0.17%	0.05%	0.05%
WCC	B	0.16%	0.07%	0.07%
WEC	A	0.17%	0.04%	0.04%
WFC	A	0.45%	0.55%	0.45%
WHR	B	0.14%	0.0%	0.0%
WLK	D	0.15%	0.02%	0.02%
WRB	A	0.09%	0.07%	0.07%
WTFC	A	0.1%	0.05%	0.05%
WTRG	B	0.09%	0.01%	0.01%
WTS	B	0.04%	0.01%	0.01%
XEL	A	0.37%	0.11%	0.11%
XOM	B	0.45%	1.04%	0.45%
ZBH	C	0.35%	0.05%	0.05%
ZION	B	0.16%	0.05%	0.05%
ZM	B	0.21%	0.05%	0.05%

FAB Overweight 325 Positions Relative to AVLC

Symbol	Grade	Weight
NOG	A	0.25%
EQR	B	0.25%
CNX	A	0.25%
HP	B	0.24%
PTEN	C	0.23%
AMR	C	0.22%
URBN	C	0.22%
HCC	B	0.22%
CXW	B	0.21%
TEX	D	0.21%
LBRT	D	0.2%
RIOT	C	0.2%
MATX	C	0.2%
RUSHA	C	0.2%
TPH	D	0.2%
KIM	A	0.19%
CNO	A	0.19%
MHO	D	0.19%
KRC	C	0.18%
OTTR	C	0.18%
GBDC	C	0.18%
BKH	A	0.18%
ASO	F	0.18%
AAP	C	0.18%
HOG	D	0.18%
GPI	A	0.18%
POR	C	0.17%
AVT	C	0.17%
SR	A	0.17%
HST	C	0.17%
ARE	D	0.16%
BMBL	C	0.16%
GBX	A	0.16%
DOC	D	0.16%
SIG	B	0.16%
SANM	B	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
CUBI	C	0.15%
BFH	B	0.15%
JBT	B	0.15%
HTZ	C	0.15%
RIG	D	0.14%
KMT	B	0.14%
EIG	B	0.14%
TALO	C	0.14%
DNOW	B	0.14%
ULH	B	0.14%
PINC	B	0.14%
ABG	B	0.14%
GMS	B	0.14%
TGNA	B	0.14%
VTLE	C	0.14%
VLY	B	0.14%
CABO	C	0.14%
REZI	A	0.13%
GIII	D	0.13%
VAC	B	0.13%
WS	B	0.13%
BTU	B	0.13%
KOS	F	0.13%
CRGY	B	0.13%
SPNT	A	0.13%
IART	C	0.13%
OGS	A	0.13%
PK	B	0.13%
APLE	B	0.13%
RLJ	C	0.13%
TDS	B	0.13%
GT	C	0.13%
GPOR	B	0.13%
HELE	C	0.13%
GEF	A	0.13%
RES	D	0.12%
ASH	D	0.12%
BY	B	0.12%
ZD	C	0.12%
PEBO	A	0.12%
PRDO	B	0.12%
AVA	A	0.12%
TRMK	B	0.12%
EPC	D	0.12%
VC	D	0.12%
INDB	B	0.12%
IMKTA	C	0.12%
SHO	C	0.12%
ENS	D	0.12%
PARR	D	0.12%
PLAB	C	0.12%
INVA	D	0.12%
UVV	B	0.12%
AEO	F	0.11%
VSH	D	0.11%
MRC	B	0.11%
CCS	D	0.11%
WMK	C	0.11%
SEB	F	0.11%
KSS	F	0.11%
SAH	A	0.11%
DBRG	F	0.11%
WKC	D	0.11%
USM	B	0.11%
PHIN	A	0.11%
EBC	B	0.11%
GHC	C	0.11%
FOR	F	0.11%
CAL	D	0.11%
WU	D	0.11%
FFBC	A	0.11%
NWE	B	0.1%
CRC	B	0.1%
ABCB	B	0.1%
ABR	C	0.1%
OEC	C	0.1%
MLKN	D	0.1%
NAVI	C	0.1%
PRG	C	0.1%
UBSI	B	0.1%
EQC	B	0.1%
NWN	A	0.1%
LZB	B	0.1%
BV	B	0.1%
CENTA	C	0.1%
HWC	B	0.1%
LADR	B	0.1%
SBH	C	0.1%
GEO	B	0.1%
CVI	F	0.1%
HGV	B	0.1%
SCSC	B	0.1%
VSCO	B	0.1%
HOV	D	0.1%
DRH	B	0.1%
CMCO	B	0.1%
PII	D	0.1%
AMWD	C	0.1%
GES	F	0.1%
FRME	B	0.09%
MSM	C	0.09%
PFBC	B	0.09%
KFY	B	0.09%
COLM	B	0.09%
WSBC	A	0.09%
CATY	B	0.09%
CRK	B	0.09%
JWN	C	0.09%
SASR	B	0.09%
CASH	A	0.09%
BNL	D	0.09%
PDCO	D	0.09%
PLYA	B	0.09%
ADNT	F	0.09%
CUZ	B	0.09%
PNM	F	0.09%
BANR	B	0.09%
SLM	A	0.09%
CVBF	A	0.09%
ANDE	D	0.09%
ACA	A	0.09%
VSTS	C	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
WPC	D	0.08%
MODG	F	0.08%
WERN	C	0.08%
WGO	C	0.08%
MCRI	A	0.08%
WY	D	0.08%
PTVE	B	0.08%
ALG	B	0.08%
DAN	D	0.08%
HOPE	B	0.08%
FIBK	A	0.08%
FCF	A	0.08%
SRCE	B	0.08%
HUBG	A	0.08%
NX	C	0.08%
XRX	F	0.08%
LAUR	A	0.08%
BKE	B	0.08%
BKU	A	0.08%
TCBK	B	0.08%
VBTX	B	0.08%
KALU	C	0.08%
WSFS	A	0.08%
HY	D	0.08%
RNST	B	0.08%
SFNC	B	0.08%
MAA	B	0.08%
EFSC	B	0.08%
VRTS	B	0.08%
FULT	A	0.08%
ASGN	F	0.08%
TTMI	B	0.07%
LC	A	0.07%
LILAK	D	0.07%
SJW	D	0.07%
PEB	D	0.07%
MRTN	C	0.07%
UNF	B	0.07%
DIOD	D	0.07%
XHR	B	0.07%
SBCF	A	0.06%
GOGO	C	0.06%
FBNC	A	0.06%
CSGS	B	0.06%
AMN	F	0.06%
FHI	A	0.06%
PBH	A	0.06%
OMI	F	0.06%
KAR	B	0.06%
DFH	D	0.06%
NIC	B	0.06%
SNEX	B	0.06%
HMN	B	0.06%
FHB	A	0.06%
CRI	D	0.06%
GRBK	D	0.06%
ASB	B	0.06%
SCVL	F	0.06%
VSAT	F	0.06%
SSTK	F	0.06%
LGIH	D	0.06%
ROG	D	0.05%
PATK	D	0.05%
DFIN	D	0.05%
SEM	B	0.05%
DEA	D	0.05%
DNB	B	0.05%
SHEN	F	0.05%
THRM	D	0.05%
YETI	C	0.05%
LCII	C	0.05%
PSMT	C	0.05%
UCB	A	0.05%
SYNA	C	0.05%
AUB	B	0.05%
OFG	B	0.05%
SCL	C	0.05%
CXT	B	0.05%
ARI	C	0.05%
ALEX	C	0.05%
LNN	B	0.05%
KWR	C	0.05%
HTH	B	0.05%
STBA	B	0.05%
UMBF	B	0.05%
DK	C	0.05%
ROCK	C	0.05%
GO	C	0.05%
ABM	B	0.05%
ENOV	C	0.05%
MTX	B	0.05%
WAFD	B	0.05%
TOWN	B	0.05%
HLF	C	0.05%
IOSP	B	0.05%
BHE	B	0.05%
NWBI	B	0.05%
UPWK	B	0.04%
MYRG	B	0.04%
NSP	D	0.04%
IAC	D	0.04%
FOXF	F	0.04%
AVNS	F	0.04%
RYN	D	0.04%
WD	D	0.04%
FUL	F	0.04%
STWD	C	0.04%
ODP	F	0.04%
NJR	A	0.04%
AVNT	B	0.04%
FELE	B	0.04%
SKY	A	0.04%
PRGO	B	0.04%
AIR	B	0.03%
HAYW	B	0.03%
SAFT	C	0.03%
MTRN	C	0.03%
XPEL	C	0.03%
DEI	B	0.03%
HLIO	B	0.03%
GNW	A	0.03%
IVT	B	0.03%
CVCO	A	0.03%
PPBI	B	0.03%
ROIC	A	0.03%
NBTB	B	0.03%
FDP	B	0.03%
BHF	B	0.03%
BHLB	B	0.03%
PFS	B	0.03%
CBU	B	0.03%
FBK	B	0.03%
MCW	B	0.03%
MGPI	F	0.03%
TCBI	B	0.03%
OLPX	D	0.02%
BLMN	F	0.02%
PLUS	F	0.02%
GIC	D	0.02%
GPRE	F	0.02%
JBGS	D	0.02%
OXM	D	0.02%
SHOO	D	0.02%
AIN	C	0.02%
MSGE	F	0.02%
LXP	D	0.02%
RC	D	0.02%
CMTG	F	0.02%
SHLS	F	0.02%
CNXN	C	0.02%
CC	C	0.02%
NVEE	F	0.02%
KFRC	D	0.02%
NNI	D	0.02%
STC	B	0.02%
NMRK	B	0.02%
CNMD	C	0.02%
OI	C	0.02%
MSEX	B	0.02%
UPBD	B	0.02%
EVTC	B	0.02%
PGRE	F	0.02%

FAB Underweight 633 Positions Relative to AVLC

Symbol	Grade	Weight
AAPL	C	-5.24%
NVDA	C	-4.82%
MSFT	F	-4.39%
AMZN	C	-3.03%
META	D	-2.26%
GOOGL	C	-1.57%
GOOG	C	-1.3%
JPM	A	-1.19%
AVGO	D	-1.11%
COST	B	-0.94%
LLY	F	-0.79%
TSLA	B	-0.78%
BRK.A	B	-0.67%
MA	C	-0.66%
WMT	A	-0.64%
V	A	-0.59%
CAT	B	-0.52%
QCOM	F	-0.48%
NFLX	A	-0.48%
UNP	C	-0.47%
PGR	A	-0.46%
GS	A	-0.44%
CRM	B	-0.44%
TJX	A	-0.44%
ORCL	B	-0.42%
KO	D	-0.4%
AXP	A	-0.4%
PG	A	-0.39%
MELI	D	-0.39%
ABBV	D	-0.38%
AMAT	F	-0.36%
UNH	C	-0.36%
ADP	B	-0.36%
GILD	C	-0.35%
LRCX	F	-0.34%
ADBE	C	-0.33%
MRK	F	-0.32%
TMUS	B	-0.31%
AMD	F	-0.31%
NOW	A	-0.3%
WMB	A	-0.29%
RCL	A	-0.28%
TRGP	B	-0.27%
INTU	C	-0.27%
IBM	C	-0.27%
TXN	C	-0.26%
AMP	A	-0.26%
VRTX	F	-0.25%
MSI	B	-0.23%
FTNT	C	-0.23%
GWW	B	-0.23%
CMG	B	-0.23%
NSC	B	-0.22%
KLAC	D	-0.21%
LIN	D	-0.21%
SCHW	B	-0.21%
ROST	C	-0.21%
ALL	A	-0.2%
GE	D	-0.2%
ABT	B	-0.2%
ZTS	D	-0.2%
URI	B	-0.2%
MET	A	-0.2%
FAST	B	-0.2%
MMM	D	-0.19%
PANW	C	-0.19%
TFC	A	-0.19%
HES	B	-0.19%
AMGN	D	-0.19%
PLTR	B	-0.18%
CL	D	-0.18%
ISRG	A	-0.18%
BK	A	-0.18%
PM	B	-0.18%
BMY	B	-0.18%
FCX	D	-0.18%
BLK	C	-0.18%
PAYX	C	-0.17%
TSCO	D	-0.17%
MU	D	-0.17%
MCD	D	-0.16%
DECK	A	-0.16%
APP	B	-0.16%
RTX	C	-0.16%
APO	B	-0.16%
ACGL	D	-0.15%
ADI	D	-0.15%
TMO	F	-0.15%
PFE	D	-0.15%
HON	B	-0.15%
KKR	A	-0.15%
LULU	C	-0.15%
ANET	C	-0.15%
REGN	F	-0.14%
SHW	A	-0.14%
TT	A	-0.14%
MLM	B	-0.14%
ETN	A	-0.14%
KMB	D	-0.14%
EME	C	-0.14%
WM	A	-0.13%
SO	D	-0.13%
VRT	B	-0.13%
CCL	B	-0.13%
DHR	F	-0.13%
BKNG	A	-0.13%
VST	B	-0.13%
CSL	C	-0.13%
TPL	A	-0.13%
PCG	A	-0.13%
GEV	B	-0.13%
SYK	C	-0.12%
SNPS	B	-0.12%
CDNS	B	-0.12%
CTAS	B	-0.12%
CME	A	-0.12%
SFM	A	-0.12%
FCNCA	A	-0.12%
MKL	A	-0.12%
CPNG	D	-0.12%
ITW	B	-0.12%
BSX	B	-0.12%
VRSK	A	-0.12%
APH	A	-0.12%
BX	A	-0.11%
NTRS	A	-0.11%
MRVL	B	-0.11%
MRO	B	-0.11%
IDXX	F	-0.11%
CRWD	B	-0.11%
BURL	A	-0.11%
CEG	D	-0.11%
WSM	B	-0.11%
GRMN	B	-0.1%
CPRT	A	-0.1%
AON	A	-0.1%
PEG	A	-0.1%
FLEX	A	-0.1%
RPM	A	-0.1%
SW	A	-0.1%
LPLA	A	-0.1%
UTHR	C	-0.1%
FIX	A	-0.1%
MCO	B	-0.1%
FSLR	F	-0.1%
MSTR	C	-0.09%
MO	A	-0.09%
LVS	C	-0.09%
CVNA	B	-0.09%
SPGI	C	-0.09%
EQH	B	-0.09%
ROP	B	-0.09%
MMC	B	-0.09%
GLW	B	-0.09%
COR	B	-0.09%
IT	C	-0.09%
PH	A	-0.09%
PWR	A	-0.09%
UBER	D	-0.09%
ADSK	A	-0.09%
TXRH	C	-0.09%
LII	A	-0.09%
EW	C	-0.08%
NXPI	D	-0.08%
GDDY	A	-0.08%
FICO	B	-0.08%
DKS	C	-0.08%
WDAY	B	-0.08%
COIN	C	-0.08%
FTI	A	-0.08%
CASY	A	-0.08%
NCLH	B	-0.08%
DFS	B	-0.08%
EWBC	A	-0.08%
SQ	B	-0.07%
ICE	C	-0.07%
PAYC	B	-0.07%
MCK	B	-0.07%
ORLY	B	-0.07%
SAIA	B	-0.07%
DLTR	F	-0.07%
ABNB	C	-0.07%
SPOT	B	-0.07%
RMD	C	-0.07%
POOL	C	-0.07%
NEE	D	-0.07%
FI	A	-0.07%
TDG	D	-0.07%
PRI	A	-0.07%
EXP	A	-0.07%
PR	B	-0.06%
VLTO	D	-0.06%
COKE	C	-0.06%
KVUE	A	-0.06%
LECO	B	-0.06%
IFF	D	-0.06%
ATI	D	-0.06%
BA	F	-0.06%
WMS	D	-0.06%
MANH	D	-0.06%
GNRC	B	-0.06%
GPK	C	-0.06%
A	D	-0.06%
BWXT	B	-0.06%
FIS	C	-0.06%
DCI	B	-0.06%
EA	A	-0.06%
ANF	C	-0.06%
DASH	A	-0.06%
NTAP	C	-0.06%
ECL	D	-0.06%
CBRE	B	-0.06%
BALL	D	-0.06%
AES	F	-0.06%
VMI	B	-0.05%
ENSG	D	-0.05%
AZO	C	-0.05%
CROX	D	-0.05%
NOC	D	-0.05%
MSCI	C	-0.05%
WFRD	D	-0.05%
JLL	D	-0.05%
DXCM	D	-0.05%
AJG	B	-0.05%
MKTX	D	-0.05%
CBT	C	-0.05%
VMC	B	-0.05%
CHD	B	-0.05%
AAON	B	-0.05%
MCHP	D	-0.05%
TER	D	-0.05%
SNOW	C	-0.05%
CDW	F	-0.05%
KMX	B	-0.05%
ALV	C	-0.05%
AXON	A	-0.05%
HUBS	A	-0.05%
DDOG	A	-0.05%
VEEV	C	-0.05%
STZ	D	-0.05%
WAT	B	-0.05%
IR	B	-0.05%
MAR	B	-0.05%
LNTH	D	-0.05%
AIT	A	-0.05%
GGG	B	-0.05%
FYBR	D	-0.05%
WST	C	-0.05%
HWM	A	-0.05%
AME	A	-0.05%
DOCU	A	-0.05%
WSO	A	-0.05%
FND	C	-0.05%
BDX	F	-0.05%
TEAM	A	-0.05%
NRG	B	-0.05%
HCA	F	-0.05%
HOOD	B	-0.05%
TTD	B	-0.05%
KNSL	B	-0.05%
DELL	C	-0.05%
EMR	A	-0.05%
HLT	A	-0.05%
RL	B	-0.05%
ATR	B	-0.05%
ALNY	D	-0.04%
RSG	A	-0.04%
EVR	B	-0.04%
DTM	B	-0.04%
AWI	A	-0.04%
SSD	D	-0.04%
TWLO	A	-0.04%
STE	F	-0.04%
KEX	C	-0.04%
NBIX	C	-0.04%
ILMN	D	-0.04%
HUBB	B	-0.04%
NSIT	F	-0.04%
PSTG	D	-0.04%
JCI	C	-0.04%
XPO	B	-0.04%
XYL	D	-0.04%
YUM	B	-0.04%
IQV	D	-0.04%
FN	D	-0.04%
ROK	B	-0.04%
CPAY	A	-0.04%
NET	B	-0.04%
CRUS	D	-0.04%
ALGN	D	-0.04%
TYL	B	-0.04%
WCN	A	-0.04%
OTIS	C	-0.04%
TREX	C	-0.04%
ITT	A	-0.04%
KD	B	-0.04%
CSGP	D	-0.04%
AXTA	A	-0.04%
SOFI	A	-0.04%
CLH	B	-0.04%
BR	A	-0.04%
JKHY	D	-0.04%
CRS	A	-0.04%
WAB	B	-0.04%
ANSS	B	-0.04%
GAP	C	-0.04%
SF	B	-0.04%
CBSH	A	-0.04%
FDS	B	-0.04%
AYI	B	-0.04%
CHX	C	-0.04%
CFR	B	-0.04%
EXPE	B	-0.04%
MPWR	F	-0.04%
MHK	D	-0.04%
DOX	D	-0.03%
MEDP	D	-0.03%
LDOS	C	-0.03%
GWRE	A	-0.03%
IBKR	A	-0.03%
COHR	B	-0.03%
MOD	A	-0.03%
SCI	B	-0.03%
IBP	D	-0.03%
CHRW	C	-0.03%
BLD	D	-0.03%
MRNA	F	-0.03%
GMED	A	-0.03%
DY	D	-0.03%
ENLC	A	-0.03%
RLI	B	-0.03%
GME	C	-0.03%
FFIV	B	-0.03%
X	C	-0.03%
ROL	B	-0.03%
AFRM	B	-0.03%
HALO	F	-0.03%
PEGA	A	-0.03%
NYT	C	-0.03%
ZS	C	-0.03%
CTLT	B	-0.03%
ZBRA	B	-0.03%
MTZ	B	-0.03%
MDB	C	-0.03%
PODD	C	-0.03%
HLNE	B	-0.03%
WWD	B	-0.03%
EXPO	D	-0.03%
NU	C	-0.03%
BMRN	D	-0.03%
CBOE	B	-0.03%
MTD	D	-0.03%
WDC	D	-0.03%
AM	A	-0.03%
GNTX	C	-0.03%
EHC	B	-0.03%
RGLD	C	-0.03%
EXEL	B	-0.03%
TTWO	A	-0.03%
RIVN	F	-0.03%
GEHC	F	-0.03%
INCY	C	-0.03%
AA	B	-0.03%
DOV	A	-0.03%
PTC	A	-0.03%
K	A	-0.03%
CW	B	-0.03%
CAH	B	-0.03%
VFC	C	-0.03%
CIEN	B	-0.03%
BAH	F	-0.03%
WBD	C	-0.03%
MNST	C	-0.03%
CVLT	B	-0.03%
AVY	D	-0.03%
HRB	D	-0.03%
SNV	B	-0.03%
AOS	F	-0.03%
ONB	B	-0.03%
PCTY	B	-0.02%
PNR	A	-0.02%
EXLS	B	-0.02%
LNW	D	-0.02%
ROIV	C	-0.02%
MSA	D	-0.02%
BRO	B	-0.02%
INSM	C	-0.02%
FRPT	B	-0.02%
RBC	A	-0.02%
TRU	D	-0.02%
PPC	C	-0.02%
SWK	D	-0.02%
CHH	A	-0.02%
QRVO	F	-0.02%
OKTA	C	-0.02%
ARMK	B	-0.02%
FCN	D	-0.02%
AZN	D	-0.02%
BAX	D	-0.02%
NVT	B	-0.02%
HOMB	A	-0.02%
ALSN	B	-0.02%
WTW	B	-0.02%
FSS	B	-0.02%
ROKU	D	-0.02%
OLED	D	-0.02%
ONTO	D	-0.02%
CNM	D	-0.02%
HAS	D	-0.02%
SIGI	C	-0.02%
BRKR	D	-0.02%
BMI	B	-0.02%
HLI	B	-0.02%
ARES	A	-0.02%
GLOB	B	-0.02%
JHG	A	-0.02%
OLLI	D	-0.02%
Z	A	-0.02%
LYV	A	-0.02%
MMSI	B	-0.02%
AMCR	D	-0.02%
MOG.A	B	-0.02%
CHE	D	-0.02%
FLS	B	-0.02%
DOCS	C	-0.02%
TOST	B	-0.02%
TECH	D	-0.02%
ES	D	-0.02%
CCK	C	-0.02%
VRSN	F	-0.02%
LW	C	-0.02%
EFX	F	-0.02%
SN	D	-0.02%
EL	F	-0.02%
DT	C	-0.02%
CG	A	-0.02%
NEM	D	-0.02%
ENTG	D	-0.02%
CSWI	A	-0.02%
PINS	D	-0.02%
FOX	A	-0.02%
HESM	B	-0.02%
PCVX	D	-0.02%
NTRA	B	-0.02%
NDAQ	A	-0.02%
JNPR	F	-0.02%
QLYS	C	-0.02%
TW	A	-0.02%
RVTY	F	-0.02%
THC	D	-0.02%
RVMD	C	-0.02%
MASI	A	-0.02%
CHDN	B	-0.02%
TRMB	B	-0.02%
ALLE	D	-0.02%
TPX	B	-0.02%
ERIE	D	-0.02%
ACM	A	-0.02%
RPRX	D	-0.02%
TFX	F	-0.02%
NTNX	A	-0.02%
SATS	D	-0.02%
GFS	C	-0.01%
SNAP	C	-0.01%
LYFT	C	-0.01%
HEI	B	-0.01%
RMBS	C	-0.01%
ELF	C	-0.01%
FLUT	A	-0.01%
H	B	-0.01%
NEU	C	-0.01%
SMMT	D	-0.01%
IONS	F	-0.01%
PI	D	-0.01%
RRX	B	-0.01%
ZG	A	-0.01%
CFLT	B	-0.01%
CYTK	F	-0.01%
CHWY	B	-0.01%
LCID	F	-0.01%
AAL	B	-0.01%
GTLS	B	-0.01%
U	C	-0.01%
TDW	F	-0.01%
EXAS	D	-0.01%
RGEN	D	-0.01%
VAL	D	-0.01%
NOVT	D	-0.01%
VERX	B	-0.01%
ALTR	B	-0.01%
WYNN	D	-0.01%
CACC	D	-0.01%
PEN	B	-0.01%
DKNG	B	-0.01%
HQY	B	-0.01%
PATH	C	-0.01%
AVAV	D	-0.01%
NWS	B	-0.01%
HXL	D	-0.01%
ESAB	B	-0.01%
BRBR	A	-0.01%
PCOR	B	-0.01%
NPAB	B	-0.01%
ACHC	F	-0.01%
PSN	D	-0.01%
DLB	B	-0.01%
FOUR	B	-0.01%
MORN	B	-0.01%
HEI	B	-0.01%
GTLB	B	-0.01%
BROS	B	-0.01%
MTN	C	-0.01%
MKSI	C	-0.01%
KRYS	B	-0.01%
AGR	B	-0.01%
BILL	A	-0.01%
CWAN	B	-0.01%
RRR	D	-0.01%
LSCC	D	-0.01%
ESTC	C	-0.01%
UI	A	-0.01%
CWST	A	-0.01%
DBX	B	-0.01%
VRNS	D	-0.01%
DUOL	A	-0.01%
MTCH	D	-0.01%
BSY	D	-0.01%
CACI	D	-0.01%
USFD	A	-0.01%
APPF	B	-0.01%
AVTR	F	-0.01%
PARA	C	-0.01%
MARA	C	-0.01%
GPN	B	-0.01%
RYAN	B	-0.01%
SRPT	D	-0.01%
RBLX	C	-0.01%
MTSI	B	-0.01%
KBR	F	-0.01%
XP	F	-0.01%
LEVI	F	-0.01%
WEX	D	-0.01%
AZEK	A	-0.01%
BCPC	B	-0.01%
ENPH	F	-0.01%
LUMN	C	-0.01%
VVV	F	-0.01%
SPSC	C	-0.01%
BIO	D	-0.01%
SMAR	A	-0.01%
TTEK	F	-0.01%
PLNT	A	-0.01%
ZWS	B	-0.01%
MDGL	B	-0.01%
MKC	D	-0.01%
WSC	D	-0.01%
GKOS	B	-0.01%
PFSI	D	-0.01%
SITE	D	-0.01%
WING	D	-0.01%
DVA	B	-0.01%
IOT	A	-0.01%
VKTX	F	-0.01%
ELAN	D	-0.01%
SMCI	F	-0.01%
CR	A	-0.01%
WH	B	-0.01%
ALB	C	-0.01%
LANC	C	-0.01%
ITCI	C	-0.01%
AUR	C	-0.01%
CELH	F	-0.01%
S	B	-0.01%
DPZ	C	-0.01%
CGNX	C	-0.01%
NVST	B	-0.0%
TPG	A	-0.0%
CRSP	D	-0.0%
WOLF	F	-0.0%
RARE	D	-0.0%
AGL	F	-0.0%
EMBC	C	-0.0%
HIMS	B	-0.0%
SEDG	F	-0.0%
COTY	F	-0.0%
FG	B	-0.0%
FFIN	B	-0.0%
IMVT	F	-0.0%
RNA	D	-0.0%
TXG	F	-0.0%
SIRI	C	-0.0%
WBA	F	-0.0%
BRZE	C	-0.0%
CRVL	A	-0.0%
BBIO	F	-0.0%
GBCI	B	-0.0%
APLS	D	-0.0%
INFA	D	-0.0%
PLUG	F	-0.0%
ZI	D	-0.0%
FIZZ	C	-0.0%
TDC	D	-0.0%
HCP	B	-0.0%
EEFT	B	-0.0%
WK	B	-0.0%
TENB	C	-0.0%
FLO	D	-0.0%
FRHC	B	-0.0%
ST	F	-0.0%
LBRDA	C	-0.0%
W	F	-0.0%
BIRK	D	-0.0%
OWL	A	-0.0%
INSP	D	-0.0%
ESI	A	-0.0%
CRDO	B	-0.0%
ACT	D	-0.0%
ETSY	D	-0.0%
BFAM	D	-0.0%
XRAY	F	-0.0%
CNA	B	-0.0%
NUVL	D	-0.0%
DAY	B	-0.0%
RDDT	B	-0.0%
TMDX	F	-0.0%
SAIC	F	-0.0%
ALGM	D	-0.0%
ZETA	D	-0.0%
RBRK	A	-0.0%
RH	B	-0.0%
TKO	B	-0.0%
APG	B	-0.0%
BPMC	C	-0.0%