FAB vs. CVLC ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Calvert US Large-Cap Core Responsible Index ETF (CVLC)

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

CVLC

Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$75.02

Average Daily Volume

17,582

Number of Holdings ^*

768

* may have additional holdings in another (foreign) market

Performance

Period	FAB	CVLC
30 Days	6.40%	4.12%
60 Days	5.80%	5.53%
90 Days	6.32%	7.26%
12 Months	27.56%	33.80%

260 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in CVLC	Overlap
ABG	B	0.14%	0.01%	0.01%
ACN	C	0.09%	0.47%	0.09%
AEE	A	0.36%	0.06%	0.06%
AFG	A	0.05%	0.02%	0.02%
AFL	B	0.25%	0.14%	0.14%
AGCO	D	0.08%	0.02%	0.02%
AIG	B	0.45%	0.12%	0.12%
AKAM	D	0.22%	0.03%	0.03%
AL	B	0.23%	0.01%	0.01%
ALK	C	0.15%	0.02%	0.02%
ALLY	C	0.36%	0.02%	0.02%
AMG	B	0.23%	0.01%	0.01%
AN	C	0.12%	0.01%	0.01%
APD	A	0.09%	0.2%	0.09%
APTV	D	0.33%	0.03%	0.03%
ARE	D	0.16%	0.04%	0.04%
ARW	D	0.15%	0.01%	0.01%
ASH	D	0.12%	0.01%	0.01%
ATKR	C	0.23%	0.01%	0.01%
AVT	C	0.17%	0.01%	0.01%
AWK	D	0.08%	0.06%	0.06%
AXS	A	0.14%	0.02%	0.02%
BAC	A	0.3%	0.75%	0.3%
BBWI	D	0.17%	0.01%	0.01%
BBY	D	0.23%	0.04%	0.04%
BC	C	0.12%	0.01%	0.01%
BCC	B	0.17%	0.01%	0.01%
BECN	B	0.1%	0.01%	0.01%
BEN	C	0.18%	0.02%	0.02%
BERY	B	0.14%	0.02%	0.02%
BG	F	0.4%	0.04%	0.04%
BIIB	F	0.22%	0.05%	0.05%
BJ	A	0.05%	0.02%	0.02%
BKR	B	0.3%	0.24%	0.24%
BOKF	B	0.09%	0.01%	0.01%
BPOP	B	0.04%	0.02%	0.02%
BWA	D	0.2%	0.02%	0.02%
C	A	0.38%	0.33%	0.33%
CADE	B	0.21%	0.02%	0.02%
CAG	D	0.07%	0.04%	0.04%
CARR	D	0.16%	0.18%	0.16%
CE	F	0.24%	0.02%	0.02%
CFG	B	0.4%	0.05%	0.05%
CHTR	C	0.31%	0.08%	0.08%
CI	F	0.08%	0.2%	0.08%
CINF	A	0.48%	0.06%	0.06%
CLX	B	0.09%	0.04%	0.04%
CMA	A	0.1%	0.02%	0.02%
CMC	B	0.23%	0.04%	0.04%
CMCSA	B	0.45%	0.35%	0.35%
CMI	A	0.1%	0.14%	0.1%
CMS	C	0.17%	0.05%	0.05%
CNC	D	0.27%	0.07%	0.07%
COF	B	0.43%	0.17%	0.17%
COLM	B	0.09%	0.01%	0.01%
COOP	B	0.18%	0.01%	0.01%
CPB	D	0.08%	0.02%	0.02%
CRL	C	0.09%	0.02%	0.02%
CSCO	B	0.19%	0.49%	0.19%
CTSH	B	0.37%	0.08%	0.08%
CVS	D	0.38%	0.15%	0.15%
CWEN	C	0.02%	0.01%	0.01%
D	C	0.25%	0.12%	0.12%
DAL	C	0.56%	0.1%	0.1%
DAR	C	0.19%	0.02%	0.02%
DE	A	0.24%	0.28%	0.24%
DG	F	0.32%	0.03%	0.03%
DGX	A	0.26%	0.04%	0.04%
DHI	D	0.3%	0.11%	0.11%
DIS	B	0.2%	0.46%	0.2%
DOC	D	0.16%	0.04%	0.04%
DRI	B	0.18%	0.06%	0.06%
DTE	C	0.24%	0.06%	0.06%
EBAY	D	0.24%	0.06%	0.06%
ED	D	0.32%	0.08%	0.08%
EG	C	0.41%	0.04%	0.04%
ELV	F	0.14%	0.21%	0.14%
EMN	D	0.12%	0.03%	0.03%
EPAM	C	0.05%	0.03%	0.03%
EQR	B	0.25%	0.07%	0.07%
ESNT	D	0.19%	0.01%	0.01%
EVRG	A	0.17%	0.04%	0.04%
EXC	C	0.33%	0.1%	0.1%
EXPD	D	0.08%	0.04%	0.04%
F	C	0.46%	0.1%	0.1%
FAF	A	0.04%	0.01%	0.01%
FBIN	D	0.04%	0.02%	0.02%
FDX	B	0.37%	0.16%	0.16%
FELE	B	0.04%	0.01%	0.01%
FHN	A	0.17%	0.03%	0.03%
FITB	A	0.28%	0.08%	0.08%
FIVE	F	0.09%	0.01%	0.01%
FMC	D	0.18%	0.02%	0.02%
FNB	A	0.15%	0.01%	0.01%
FTV	C	0.08%	0.07%	0.07%
G	B	0.2%	0.02%	0.02%
GIS	D	0.15%	0.1%	0.1%
GL	B	0.13%	0.02%	0.02%
GM	B	0.56%	0.15%	0.15%
GPC	D	0.15%	0.03%	0.03%
GXO	B	0.05%	0.02%	0.02%
HBAN	A	0.42%	0.06%	0.06%
HD	A	0.09%	0.81%	0.09%
HIG	B	0.35%	0.09%	0.09%
HOG	D	0.18%	0.01%	0.01%
HOLX	D	0.08%	0.04%	0.04%
HPE	B	0.46%	0.06%	0.06%
HPQ	B	0.18%	0.07%	0.07%
HRL	D	0.24%	0.02%	0.02%
HSIC	B	0.04%	0.02%	0.02%
HST	C	0.17%	0.03%	0.03%
HSY	F	0.16%	0.07%	0.07%
HUM	C	0.16%	0.07%	0.07%
IDA	A	0.1%	0.02%	0.02%
IEX	B	0.09%	0.05%	0.05%
INGR	B	0.14%	0.03%	0.03%
INTC	D	0.37%	0.22%	0.22%
IPG	D	0.08%	0.02%	0.02%
IVZ	B	0.04%	0.02%	0.02%
JAZZ	B	0.19%	0.02%	0.02%
JBHT	C	0.19%	0.04%	0.04%
JBL	B	0.14%	0.03%	0.03%
JEF	A	0.05%	0.03%	0.03%
JXN	C	0.24%	0.02%	0.02%
KBH	D	0.16%	0.01%	0.01%
KDP	D	0.16%	0.09%	0.09%
KEY	B	0.2%	0.04%	0.04%
KEYS	A	0.08%	0.07%	0.07%
KHC	F	0.23%	0.08%	0.08%
KIM	A	0.19%	0.04%	0.04%
KNX	B	0.09%	0.02%	0.02%
KR	B	0.36%	0.12%	0.12%
LAD	A	0.2%	0.02%	0.02%
LBRDK	C	0.2%	0.02%	0.02%
LEA	D	0.19%	0.01%	0.01%
LEN	D	0.4%	0.1%	0.1%
LFUS	F	0.04%	0.02%	0.02%
LH	C	0.09%	0.04%	0.04%
LKQ	D	0.13%	0.02%	0.02%
LNC	B	0.19%	0.01%	0.01%
LNT	A	0.25%	0.04%	0.04%
LOW	D	0.08%	0.31%	0.08%
LPX	B	0.09%	0.02%	0.02%
LSTR	D	0.04%	0.02%	0.02%
M	D	0.17%	0.01%	0.01%
MAA	B	0.08%	0.04%	0.04%
MAS	D	0.08%	0.03%	0.03%
MAT	D	0.04%	0.01%	0.01%
MDLZ	F	0.08%	0.24%	0.08%
MDT	D	0.08%	0.25%	0.08%
MIDD	C	0.08%	0.02%	0.02%
MLI	C	0.1%	0.03%	0.03%
MMS	F	0.07%	0.01%	0.01%
MOH	F	0.16%	0.04%	0.04%
MOS	F	0.17%	0.02%	0.02%
MSM	C	0.09%	0.01%	0.01%
MTB	A	0.31%	0.09%	0.09%
MTG	C	0.21%	0.02%	0.02%
MTH	D	0.19%	0.02%	0.02%
NDSN	B	0.08%	0.04%	0.04%
NFG	A	0.17%	0.01%	0.01%
NI	A	0.27%	0.04%	0.04%
NKE	D	0.07%	0.18%	0.07%
NUE	C	0.43%	0.19%	0.19%
NVR	D	0.17%	0.07%	0.07%
NXST	C	0.13%	0.01%	0.01%
OC	A	0.39%	0.09%	0.09%
ODFL	B	0.1%	0.1%	0.1%
OGN	D	0.1%	0.01%	0.01%
OMC	C	0.09%	0.04%	0.04%
OMF	A	0.15%	0.02%	0.02%
ON	D	0.32%	0.06%	0.06%
OPCH	D	0.03%	0.01%	0.01%
ORI	A	0.09%	0.02%	0.02%
OSK	B	0.24%	0.02%	0.02%
OXY	D	0.43%	0.18%	0.18%
OZK	B	0.19%	0.01%	0.01%
PAG	B	0.13%	0.01%	0.01%
PB	A	0.1%	0.02%	0.02%
PCAR	B	0.51%	0.16%	0.16%
PEP	F	0.08%	0.53%	0.08%
PFG	D	0.09%	0.05%	0.05%
PFGC	B	0.05%	0.04%	0.04%
PHM	D	0.39%	0.06%	0.06%
PKG	A	0.19%	0.06%	0.06%
PNC	B	0.2%	0.2%	0.2%
PNFP	B	0.05%	0.02%	0.02%
POR	C	0.17%	0.01%	0.01%
PPG	F	0.16%	0.08%	0.08%
PRU	A	0.18%	0.11%	0.11%
PVH	C	0.22%	0.01%	0.01%
PYPL	B	0.09%	0.19%	0.09%
R	B	0.2%	0.02%	0.02%
RDN	C	0.21%	0.01%	0.01%
RF	A	0.29%	0.06%	0.06%
RGA	A	0.18%	0.04%	0.04%
RHI	B	0.05%	0.02%	0.02%
RJF	A	0.23%	0.07%	0.07%
RNR	C	0.2%	0.03%	0.03%
RS	B	0.47%	0.09%	0.09%
SBUX	A	0.09%	0.31%	0.09%
SEE	C	0.04%	0.01%	0.01%
SEIC	B	0.1%	0.02%	0.02%
SIG	B	0.16%	0.01%	0.01%
SJM	D	0.12%	0.03%	0.03%
SKX	D	0.08%	0.02%	0.02%
SLGN	A	0.09%	0.01%	0.01%
SLM	A	0.09%	0.01%	0.01%
SNA	A	0.32%	0.05%	0.05%
SNX	C	0.12%	0.02%	0.02%
SON	D	0.12%	0.01%	0.01%
SRE	A	0.38%	0.14%	0.14%
SSB	B	0.05%	0.02%	0.02%
SSNC	B	0.17%	0.03%	0.03%
STLD	B	0.48%	0.11%	0.11%
STT	A	0.27%	0.07%	0.07%
STWD	C	0.04%	0.01%	0.01%
STX	D	0.23%	0.04%	0.04%
SUM	B	0.16%	0.03%	0.03%
SWKS	F	0.3%	0.03%	0.03%
SWX	B	0.13%	0.01%	0.01%
SYF	B	0.57%	0.06%	0.06%
SYY	B	0.24%	0.1%	0.1%
T	A	0.44%	0.34%	0.34%
TDY	B	0.28%	0.06%	0.06%
TGT	F	0.25%	0.14%	0.14%
THO	B	0.13%	0.01%	0.01%
TKR	D	0.08%	0.01%	0.01%
TMHC	B	0.22%	0.02%	0.02%
TNET	D	0.09%	0.01%	0.01%
TOL	B	0.43%	0.04%	0.04%
TPR	B	0.05%	0.03%	0.03%
TROW	B	0.48%	0.06%	0.06%
TRV	B	0.28%	0.15%	0.15%
TTC	D	0.04%	0.02%	0.02%
UFPI	B	0.09%	0.02%	0.02%
UGI	A	0.2%	0.01%	0.01%
ULTA	F	0.25%	0.03%	0.03%
UNM	A	0.21%	0.03%	0.03%
UPS	C	0.08%	0.23%	0.08%
USB	A	0.28%	0.19%	0.19%
VNT	B	0.1%	0.01%	0.01%
VOYA	B	0.04%	0.02%	0.02%
VZ	C	0.32%	0.37%	0.32%
WAL	B	0.05%	0.02%	0.02%
WBS	A	0.17%	0.03%	0.03%
WCC	B	0.16%	0.02%	0.02%
WEC	A	0.17%	0.08%	0.08%
WFC	A	0.45%	0.63%	0.45%
WHR	B	0.14%	0.01%	0.01%
WPC	D	0.08%	0.03%	0.03%
WRB	A	0.09%	0.05%	0.05%
WTFC	A	0.1%	0.02%	0.02%
WTRG	B	0.09%	0.03%	0.03%
WTS	B	0.04%	0.02%	0.02%
WY	D	0.08%	0.04%	0.04%
XEL	A	0.37%	0.09%	0.09%
ZBH	C	0.35%	0.05%	0.05%
ZION	B	0.16%	0.02%	0.02%
ZM	B	0.21%	0.05%	0.05%

FAB Overweight 405 Positions Relative to CVLC

Symbol	Grade	Weight
UAL	A	0.7%
FOXA	B	0.49%
CVX	A	0.48%
EOG	A	0.48%
COP	C	0.47%
CTRA	B	0.46%
XOM	B	0.45%
HAL	C	0.45%
VLO	C	0.45%
DVN	F	0.44%
PSX	C	0.43%
KMI	A	0.42%
MPC	D	0.42%
EQT	B	0.41%
LNG	B	0.41%
ETR	B	0.39%
LYB	F	0.38%
VTRS	A	0.38%
ADM	D	0.38%
CRBG	B	0.37%
L	A	0.37%
FANG	D	0.37%
CNP	B	0.36%
SLB	C	0.36%
ATO	A	0.36%
CB	C	0.35%
CF	B	0.35%
MS	A	0.32%
IP	B	0.3%
LUV	C	0.28%
PPL	B	0.26%
MTDR	B	0.26%
TXT	D	0.25%
AGO	B	0.25%
NOG	A	0.25%
OVV	B	0.25%
CNX	A	0.25%
BLDR	D	0.24%
SM	B	0.24%
HP	B	0.24%
DUK	C	0.24%
PTEN	C	0.23%
AEP	D	0.23%
TAP	C	0.23%
AMR	C	0.22%
CHRD	D	0.22%
PBF	D	0.22%
NFE	D	0.22%
URBN	C	0.22%
NOV	C	0.22%
CIVI	D	0.22%
HCC	B	0.22%
DINO	D	0.21%
OKE	A	0.21%
DOW	F	0.21%
CXW	B	0.21%
MUR	D	0.21%
TEX	D	0.21%
LBRT	D	0.2%
RIOT	C	0.2%
MATX	C	0.2%
APA	D	0.2%
RUSHA	C	0.2%
TPH	D	0.2%
TSN	B	0.19%
RRC	B	0.19%
NWSA	B	0.19%
CNO	A	0.19%
MGY	A	0.19%
DDS	B	0.19%
MHO	D	0.19%
KRC	C	0.18%
OTTR	C	0.18%
GBDC	C	0.18%
HRI	B	0.18%
BKH	A	0.18%
PNW	B	0.18%
ADTN	A	0.18%
DXC	B	0.18%
CSX	B	0.18%
ASO	F	0.18%
AAP	C	0.18%
GPI	A	0.18%
CNXC	F	0.17%
SOLV	C	0.17%
SR	A	0.17%
FNF	B	0.17%
MDU	D	0.16%
BMBL	C	0.16%
FE	C	0.16%
GBX	A	0.16%
JNJ	D	0.16%
EIX	B	0.16%
BYD	C	0.15%
AMKR	D	0.15%
SANM	B	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
WLK	D	0.15%
CUBI	C	0.15%
BFH	B	0.15%
JBT	B	0.15%
UHS	D	0.15%
COLB	A	0.15%
CLF	F	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%
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%
OGE	B	0.13%
HELE	C	0.13%
GEF	A	0.13%
RES	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%
POST	C	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%
OLN	D	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%
HII	D	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%
PFBC	B	0.09%
ALKS	B	0.09%
KFY	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%
LHX	C	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%
J	F	0.09%
AR	B	0.09%
CVBF	A	0.09%
ANDE	D	0.09%
AIZ	A	0.09%
ACA	A	0.09%
VSTS	C	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
MODG	F	0.08%
WERN	C	0.08%
WGO	C	0.08%
REYN	D	0.08%
MCRI	A	0.08%
PTVE	B	0.08%
LMT	D	0.08%
SNDR	B	0.08%
ALG	B	0.08%
DAN	D	0.08%
HOPE	B	0.08%
DD	D	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%
GD	F	0.08%
WSFS	A	0.08%
HY	D	0.08%
RNST	B	0.08%
CTVA	C	0.08%
SFNC	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%
SPB	C	0.07%
UNF	B	0.07%
KLG	C	0.07%
IPGP	D	0.07%
DIOD	D	0.07%
XHR	B	0.07%
UHAL	D	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%
CAR	C	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%
FLR	B	0.05%
ALIT	C	0.05%
DFIN	D	0.05%
SEM	B	0.05%
DEA	D	0.05%
DNB	B	0.05%
MUSA	A	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%
CZR	F	0.04%
WD	D	0.04%
FUL	F	0.04%
MGM	D	0.04%
ODP	F	0.04%
NJR	A	0.04%
AVNT	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%
SAM	C	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 508 Positions Relative to CVLC

Symbol	Grade	Weight
AAPL	C	-6.44%
NVDA	C	-6.33%
MSFT	F	-5.74%
GOOGL	C	-3.68%
AMZN	C	-3.65%
TSLA	B	-1.86%
AVGO	D	-1.53%
JPM	A	-1.44%
LLY	F	-1.28%
UNH	C	-1.15%
V	A	-1.09%
MA	C	-0.91%
PG	A	-0.8%
COST	B	-0.8%
NFLX	A	-0.75%
WMT	A	-0.73%
ABBV	D	-0.66%
CRM	B	-0.64%
ORCL	B	-0.63%
KO	D	-0.56%
MRK	F	-0.55%
LIN	D	-0.52%
CAT	B	-0.5%
GE	D	-0.5%
ADBE	C	-0.47%
AMD	F	-0.46%
GS	A	-0.46%
ABT	B	-0.45%
NOW	A	-0.44%
TMO	F	-0.44%
ISRG	A	-0.42%
INTU	C	-0.4%
IBM	C	-0.4%
ETN	A	-0.4%
AXP	A	-0.4%
TXN	C	-0.39%
QCOM	F	-0.38%
BLK	C	-0.38%
NEE	D	-0.38%
PGR	A	-0.37%
SPGI	C	-0.35%
BKNG	A	-0.35%
UNP	C	-0.34%
DHR	F	-0.34%
AMGN	D	-0.34%
PFE	D	-0.32%
BX	A	-0.32%
UBER	D	-0.31%
SYK	C	-0.31%
SCHW	B	-0.3%
BSX	B	-0.29%
AMAT	F	-0.29%
VRTX	F	-0.27%
TJX	A	-0.27%
MMC	B	-0.27%
FI	A	-0.26%
PLD	D	-0.26%
BMY	B	-0.26%
ADP	B	-0.26%
TT	A	-0.26%
PANW	C	-0.26%
TMUS	B	-0.25%
SHW	A	-0.25%
GILD	C	-0.25%
KKR	A	-0.25%
PH	A	-0.25%
APH	A	-0.24%
ITW	B	-0.23%
MU	D	-0.23%
CMG	B	-0.23%
ADI	D	-0.22%
ICE	C	-0.22%
GEV	B	-0.22%
AMT	D	-0.22%
EQIX	A	-0.21%
WM	A	-0.21%
AON	A	-0.2%
CME	A	-0.2%
WELL	A	-0.2%
VMC	B	-0.2%
EMR	A	-0.2%
ANET	C	-0.2%
LRCX	F	-0.19%
KLAC	D	-0.18%
ZTS	D	-0.18%
REGN	F	-0.18%
APO	B	-0.17%
MCO	B	-0.17%
CDNS	B	-0.17%
SNPS	B	-0.17%
CEG	D	-0.17%
MSI	B	-0.17%
ECL	D	-0.17%
JCI	C	-0.16%
MRVL	B	-0.16%
CRWD	B	-0.16%
COIN	C	-0.15%
MAR	B	-0.15%
BDX	F	-0.15%
CTAS	B	-0.15%
CL	D	-0.15%
URI	B	-0.15%
TFC	A	-0.15%
ADSK	A	-0.14%
AMP	A	-0.14%
ORLY	B	-0.14%
AJG	B	-0.14%
SPG	B	-0.14%
BK	A	-0.14%
DLR	B	-0.14%
AME	A	-0.13%
FTNT	C	-0.13%
ALL	A	-0.13%
PSA	D	-0.13%
HLT	A	-0.13%
PWR	A	-0.12%
WDAY	B	-0.12%
IR	B	-0.12%
APP	B	-0.12%
ABNB	C	-0.12%
O	D	-0.12%
FICO	B	-0.12%
AXON	A	-0.12%
MET	A	-0.12%
ROP	B	-0.12%
VRT	B	-0.12%
MNST	C	-0.11%
AZO	C	-0.11%
YUM	B	-0.11%
PEG	A	-0.11%
DFS	B	-0.11%
CCI	D	-0.11%
CPRT	A	-0.11%
TTD	B	-0.11%
OTIS	C	-0.11%
CSL	C	-0.11%
WAB	B	-0.1%
CBRE	B	-0.1%
PAYX	C	-0.1%
SQ	B	-0.1%
MSCI	C	-0.1%
FIS	C	-0.1%
RSG	A	-0.1%
GWW	B	-0.1%
IT	C	-0.09%
VRSK	A	-0.09%
KMB	D	-0.09%
EW	C	-0.09%
ROK	B	-0.09%
KVUE	A	-0.09%
ROST	C	-0.09%
ACGL	D	-0.09%
FAST	B	-0.09%
GLW	B	-0.08%
ARES	A	-0.08%
RMD	C	-0.08%
IDXX	F	-0.08%
HEI	B	-0.08%
DOV	A	-0.08%
GEHC	F	-0.08%
IQV	D	-0.08%
DDOG	A	-0.08%
WTW	B	-0.08%
DELL	C	-0.08%
TEAM	A	-0.08%
AVB	B	-0.08%
NDAQ	A	-0.08%
EA	A	-0.08%
A	D	-0.08%
SNOW	C	-0.08%
XYL	D	-0.08%
EXR	D	-0.08%
FCNCA	A	-0.07%
HUBB	B	-0.07%
VEEV	C	-0.07%
ALNY	D	-0.07%
DXCM	D	-0.07%
EFX	F	-0.07%
LULU	C	-0.07%
MCHP	D	-0.07%
HUBS	A	-0.07%
IRM	D	-0.07%
SW	A	-0.07%
IFF	D	-0.06%
MTD	D	-0.06%
BR	A	-0.06%
EME	C	-0.06%
MKC	D	-0.06%
NET	B	-0.06%
MPWR	F	-0.06%
SBAC	D	-0.06%
BRO	B	-0.06%
LPLA	A	-0.06%
TSCO	D	-0.06%
K	A	-0.06%
TTWO	A	-0.06%
ANSS	B	-0.06%
VTR	C	-0.06%
CSGP	D	-0.06%
WDC	D	-0.05%
NRG	B	-0.05%
ESS	B	-0.05%
IBKR	A	-0.05%
WAT	B	-0.05%
PTC	A	-0.05%
WBD	C	-0.05%
ILMN	D	-0.05%
TRMB	B	-0.05%
STE	F	-0.05%
PNR	A	-0.05%
CDW	F	-0.05%
NTAP	C	-0.05%
WST	C	-0.05%
WSO	A	-0.05%
VLTO	D	-0.05%
BALL	D	-0.05%
CBOE	B	-0.05%
DECK	A	-0.05%
CVNA	B	-0.05%
NTRS	A	-0.05%
CHD	B	-0.05%
TYL	B	-0.05%
ES	D	-0.05%
RBLX	C	-0.05%
LII	A	-0.05%
ALGN	D	-0.04%
MANH	D	-0.04%
EWBC	A	-0.04%
COHR	B	-0.04%
UDR	B	-0.04%
PINS	D	-0.04%
TWLO	A	-0.04%
UTHR	C	-0.04%
SOFI	A	-0.04%
BAX	D	-0.04%
SWK	D	-0.04%
TW	A	-0.04%
TXRH	C	-0.04%
SUI	D	-0.04%
EQH	B	-0.04%
ATI	D	-0.04%
FSLR	F	-0.04%
FIX	A	-0.04%
CW	B	-0.04%
XPO	B	-0.04%
ZS	C	-0.04%
SFM	A	-0.04%
PODD	C	-0.04%
FDS	B	-0.04%
TRU	D	-0.04%
AMCR	D	-0.04%
ZBRA	B	-0.04%
CASY	A	-0.04%
GGG	B	-0.04%
MDB	C	-0.04%
BAH	F	-0.04%
DPZ	C	-0.04%
AVY	D	-0.04%
LYV	A	-0.04%
USFD	A	-0.04%
JNPR	F	-0.03%
OHI	C	-0.03%
BLD	D	-0.03%
KNSL	B	-0.03%
WMS	D	-0.03%
DCI	B	-0.03%
CG	A	-0.03%
NBIX	C	-0.03%
SCI	B	-0.03%
WING	D	-0.03%
CUBE	D	-0.03%
EVR	B	-0.03%
WWD	B	-0.03%
JKHY	D	-0.03%
POOL	C	-0.03%
BMRN	D	-0.03%
TTEK	F	-0.03%
LAMR	D	-0.03%
DLTR	F	-0.03%
ARMK	B	-0.03%
AYI	B	-0.03%
ALSN	B	-0.03%
SF	B	-0.03%
MRNA	F	-0.03%
AIT	A	-0.03%
DT	C	-0.03%
FFIV	B	-0.03%
EL	F	-0.03%
AFRM	B	-0.03%
LW	C	-0.03%
JLL	D	-0.03%
CCK	C	-0.03%
BXP	D	-0.03%
RVTY	F	-0.03%
CHRW	C	-0.03%
CLH	B	-0.03%
CPT	B	-0.03%
ATR	B	-0.03%
OWL	A	-0.03%
ELS	C	-0.03%
AVTR	F	-0.03%
ENTG	D	-0.03%
Z	A	-0.03%
PSTG	D	-0.03%
LECO	B	-0.03%
RRX	B	-0.03%
WSM	B	-0.03%
ROL	B	-0.03%
REG	B	-0.03%
INCY	C	-0.03%
SAIA	B	-0.03%
VRSN	F	-0.03%
GWRE	A	-0.03%
NVT	B	-0.03%
NTNX	A	-0.03%
TOST	B	-0.03%
DOCU	A	-0.03%
BURL	A	-0.03%
ALLE	D	-0.03%
ITT	A	-0.03%
TER	D	-0.03%
ACM	A	-0.03%
GEN	B	-0.03%
FSS	B	-0.02%
MOD	A	-0.02%
COLD	D	-0.02%
SMAR	A	-0.02%
OLED	D	-0.02%
CVLT	B	-0.02%
ENPH	F	-0.02%
FCN	D	-0.02%
HLNE	B	-0.02%
ELAN	D	-0.02%
WSC	D	-0.02%
WEX	D	-0.02%
ESTC	C	-0.02%
RHP	B	-0.02%
STAG	F	-0.02%
RL	B	-0.02%
BCPC	B	-0.02%
HAS	D	-0.02%
ONTO	D	-0.02%
GKOS	B	-0.02%
CBT	C	-0.02%
WH	B	-0.02%
ONB	B	-0.02%
VNO	B	-0.02%
NOVT	D	-0.02%
FR	C	-0.02%
MOG.A	B	-0.02%
RYAN	B	-0.02%
RIVN	F	-0.02%
ESI	A	-0.02%
BMI	B	-0.02%
MEDP	D	-0.02%
ENSG	D	-0.02%
MSA	D	-0.02%
PLNT	A	-0.02%
HQY	B	-0.02%
DVA	B	-0.02%
TPX	B	-0.02%
PCTY	B	-0.02%
BILL	A	-0.02%
HRB	D	-0.02%
ROKU	D	-0.02%
BRBR	A	-0.02%
AGNC	D	-0.02%
CHE	D	-0.02%
COKE	C	-0.02%
ALV	C	-0.02%
NYT	C	-0.02%
VMI	B	-0.02%
NNN	D	-0.02%
CGNX	C	-0.02%
SNV	B	-0.02%
ESAB	B	-0.02%
SMCI	F	-0.02%
CNM	D	-0.02%
GTLS	B	-0.02%
MKSI	C	-0.02%
FRPT	B	-0.02%
PEN	B	-0.02%
EXAS	D	-0.02%
DOX	D	-0.02%
CIEN	B	-0.02%
TFX	F	-0.02%
MTZ	B	-0.02%
MORN	B	-0.02%
GMED	A	-0.02%
CFR	B	-0.02%
SRPT	D	-0.02%
BRX	A	-0.02%
APG	B	-0.02%
SSD	D	-0.02%
MKTX	D	-0.02%
EXEL	B	-0.02%
FND	C	-0.02%
FLS	B	-0.02%
ACI	C	-0.02%
DKS	C	-0.02%
EHC	B	-0.02%
RPRX	D	-0.02%
AAL	B	-0.02%
CBSH	A	-0.02%
REXR	F	-0.02%
FRT	B	-0.02%
SNAP	C	-0.02%
PAYC	B	-0.02%
GPK	C	-0.02%
CTLT	B	-0.02%
TECH	D	-0.02%
DAY	B	-0.02%
AES	F	-0.02%
KMX	B	-0.02%
HLI	B	-0.02%
AOS	F	-0.02%
DUOL	A	-0.02%
AXTA	A	-0.02%
OKTA	C	-0.02%
PRI	A	-0.02%
CNH	C	-0.02%
COTY	F	-0.01%
ALGM	D	-0.01%
APLS	D	-0.01%
AGR	B	-0.01%
ZI	D	-0.01%
PFSI	D	-0.01%
CACC	D	-0.01%
BBIO	F	-0.01%
CDP	C	-0.01%
XRAY	F	-0.01%
CHWY	B	-0.01%
NSIT	F	-0.01%
CHH	A	-0.01%
BCO	D	-0.01%
CWAN	B	-0.01%
DLB	B	-0.01%
EEFT	B	-0.01%
RH	B	-0.01%
PSN	D	-0.01%
GAP	C	-0.01%
WMG	C	-0.01%
LANC	C	-0.01%
TENB	C	-0.01%
IONS	F	-0.01%
APPF	B	-0.01%
HCP	B	-0.01%
EXPO	D	-0.01%
CROX	D	-0.01%
QLYS	C	-0.01%
ZWS	B	-0.01%
OLLI	D	-0.01%
ETSY	D	-0.01%
CRUS	D	-0.01%
INSP	D	-0.01%
IBP	D	-0.01%
RMBS	C	-0.01%
VRNS	D	-0.01%
BRKR	D	-0.01%
WTM	A	-0.01%
FLO	D	-0.01%
CELH	F	-0.01%
BPMC	C	-0.01%
SITE	D	-0.01%
DOCS	C	-0.01%
ALTR	B	-0.01%
DY	D	-0.01%
HALO	F	-0.01%
AZEK	A	-0.01%
MMSI	B	-0.01%
SAIC	F	-0.01%
FOUR	B	-0.01%
QRVO	F	-0.01%
ELF	C	-0.01%
AWI	A	-0.01%
LYFT	C	-0.01%
BFAM	D	-0.01%
TPG	A	-0.01%
ST	F	-0.01%
CFLT	B	-0.01%
DBX	B	-0.01%
KD	B	-0.01%
HXL	D	-0.01%
SPSC	C	-0.01%
BIO	D	-0.01%
EPRT	B	-0.01%
TRNO	F	-0.01%
HOMB	A	-0.01%
KRG	B	-0.01%
MTN	C	-0.01%
LSCC	D	-0.01%
JHG	A	-0.01%
GME	C	-0.01%
ITRI	B	-0.01%
THG	A	-0.01%
ANF	C	-0.01%
RGEN	D	-0.01%
MHK	D	-0.01%
EXLS	B	-0.01%
PARA	C	-0.01%
CWST	A	-0.01%
TREX	C	-0.01%
H	B	-0.01%
S	B	-0.01%
VFC	C	-0.01%
SIGI	C	-0.01%
GATX	A	-0.01%
LEVI	F	-0.0%