FAB vs. CVMC ETF Comparison

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

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

$86.48

Average Daily Volume

2,797

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

CVMC

Calvert US Mid-Cap Core Responsible Index ETF

CVMC 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 mid-size companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$61.18

Average Daily Volume

1,940

Number of Holdings ^*

606

* may have additional holdings in another (foreign) market

Performance

Period	FAB	CVMC
30 Days	1.10%	0.15%
60 Days	4.30%	3.97%
90 Days	6.16%	6.97%
12 Months	25.17%	28.24%

220 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in CVMC	Overlap
ABG	A	0.14%	0.05%	0.05%
AEE	A	0.34%	0.26%	0.26%
AFG	A	0.04%	0.09%	0.04%
AGCO	D	0.08%	0.07%	0.07%
AKAM	F	0.26%	0.16%	0.16%
AL	A	0.22%	0.06%	0.06%
ALK	A	0.15%	0.09%	0.09%
ALLY	C	0.37%	0.1%	0.1%
AMG	A	0.22%	0.05%	0.05%
AN	D	0.12%	0.04%	0.04%
APTV	F	0.34%	0.17%	0.17%
ARE	D	0.17%	0.22%	0.17%
ARW	D	0.16%	0.06%	0.06%
ASH	F	0.12%	0.05%	0.05%
ATKR	C	0.26%	0.04%	0.04%
AVT	C	0.18%	0.05%	0.05%
AWK	C	0.08%	0.28%	0.08%
AXS	A	0.13%	0.06%	0.06%
BBWI	C	0.17%	0.07%	0.07%
BBY	C	0.22%	0.17%	0.17%
BC	D	0.13%	0.06%	0.06%
BCC	B	0.17%	0.05%	0.05%
BECN	B	0.1%	0.06%	0.06%
BEN	C	0.18%	0.06%	0.06%
BERY	D	0.13%	0.09%	0.09%
BG	D	0.39%	0.13%	0.13%
BIIB	F	0.23%	0.27%	0.23%
BJ	B	0.05%	0.11%	0.05%
BKR	A	0.3%	0.44%	0.3%
BOKF	A	0.09%	0.03%	0.03%
BPOP	C	0.04%	0.07%	0.04%
BWA	A	0.21%	0.11%	0.11%
CADE	A	0.2%	0.07%	0.07%
CAG	F	0.07%	0.15%	0.07%
CE	F	0.29%	0.11%	0.11%
CFG	A	0.39%	0.21%	0.21%
CHTR	B	0.31%	0.4%	0.31%
CINF	A	0.47%	0.22%	0.22%
CLX	A	0.08%	0.19%	0.08%
CMA	A	0.1%	0.09%	0.09%
CMC	B	0.24%	0.14%	0.14%
CMI	A	0.09%	0.48%	0.09%
CMS	C	0.16%	0.23%	0.16%
CNC	F	0.29%	0.33%	0.29%
COLM	B	0.09%	0.03%	0.03%
COOP	B	0.18%	0.06%	0.06%
CPB	D	0.08%	0.1%	0.08%
CRL	D	0.09%	0.12%	0.09%
CTSH	B	0.37%	0.4%	0.37%
CWEN	D	0.02%	0.03%	0.02%
D	C	0.25%	0.47%	0.25%
DAL	A	0.52%	0.44%	0.44%
DAR	B	0.19%	0.07%	0.07%
DG	F	0.32%	0.16%	0.16%
DGX	A	0.26%	0.19%	0.19%
DOC	D	0.17%	0.17%	0.17%
DRI	B	0.18%	0.22%	0.18%
DTE	C	0.23%	0.28%	0.23%
EBAY	D	0.24%	0.28%	0.24%
ED	D	0.33%	0.35%	0.33%
EG	D	0.4%	0.15%	0.15%
EMN	C	0.12%	0.14%	0.12%
EPAM	B	0.05%	0.11%	0.05%
EQR	C	0.24%	0.29%	0.24%
ESNT	D	0.18%	0.06%	0.06%
EVRG	A	0.17%	0.15%	0.15%
EXC	C	0.33%	0.39%	0.33%
EXPD	D	0.08%	0.21%	0.08%
FAF	C	0.04%	0.07%	0.04%
FBIN	D	0.04%	0.1%	0.04%
FELE	B	0.04%	0.05%	0.04%
FHN	A	0.16%	0.1%	0.1%
FITB	A	0.27%	0.3%	0.27%
FIVE	F	0.09%	0.04%	0.04%
FMC	F	0.2%	0.09%	0.09%
FNB	A	0.15%	0.06%	0.06%
FTV	D	0.08%	0.29%	0.08%
G	A	0.18%	0.07%	0.07%
GIS	D	0.15%	0.37%	0.15%
GL	B	0.13%	0.09%	0.09%
GPC	D	0.15%	0.16%	0.15%
GXO	B	0.05%	0.08%	0.05%
HBAN	A	0.41%	0.24%	0.24%
HIG	C	0.34%	0.33%	0.33%
HOG	D	0.18%	0.06%	0.06%
HOLX	D	0.08%	0.2%	0.08%
HPE	B	0.46%	0.28%	0.28%
HPQ	B	0.18%	0.36%	0.18%
HRL	D	0.24%	0.1%	0.1%
HSIC	D	0.04%	0.09%	0.04%
HST	D	0.18%	0.14%	0.14%
HSY	F	0.16%	0.28%	0.16%
HUM	F	0.16%	0.35%	0.16%
IDA	A	0.09%	0.07%	0.07%
IEX	B	0.09%	0.2%	0.09%
INGR	B	0.14%	0.11%	0.11%
IPG	F	0.08%	0.13%	0.08%
IVZ	B	0.04%	0.08%	0.04%
JAZZ	A	0.18%	0.07%	0.07%
JBHT	B	0.19%	0.21%	0.19%
JBL	C	0.15%	0.15%	0.15%
JEF	A	0.05%	0.11%	0.05%
JXN	B	0.26%	0.08%	0.08%
KBH	D	0.16%	0.06%	0.06%
KEY	A	0.2%	0.18%	0.18%
KEYS	C	0.09%	0.31%	0.09%
KHC	F	0.24%	0.31%	0.24%
KIM	A	0.18%	0.18%	0.18%
KNX	B	0.09%	0.13%	0.09%
KR	B	0.36%	0.44%	0.36%
LAD	A	0.2%	0.09%	0.09%
LBRDK	B	0.22%	0.13%	0.13%
LEA	F	0.19%	0.08%	0.08%
LEN	D	0.4%	0.41%	0.4%
LFUS	D	0.04%	0.07%	0.04%
LH	B	0.09%	0.21%	0.09%
LKQ	D	0.12%	0.09%	0.09%
LNC	A	0.19%	0.06%	0.06%
LNT	A	0.24%	0.16%	0.16%
LPX	A	0.09%	0.07%	0.07%
LSTR	D	0.04%	0.09%	0.04%
M	C	0.18%	0.04%	0.04%
MAA	A	0.08%	0.2%	0.08%
MAS	D	0.08%	0.17%	0.08%
MAT	C	0.04%	0.06%	0.04%
MIDD	D	0.09%	0.09%	0.09%
MLI	B	0.11%	0.12%	0.11%
MMS	D	0.08%	0.06%	0.06%
MOH	F	0.17%	0.21%	0.17%
MOS	D	0.18%	0.1%	0.1%
MSM	C	0.09%	0.04%	0.04%
MTB	A	0.3%	0.35%	0.3%
MTG	C	0.21%	0.06%	0.06%
MTH	D	0.2%	0.07%	0.07%
NDSN	B	0.08%	0.16%	0.08%
NFG	A	0.17%	0.06%	0.06%
NI	A	0.26%	0.18%	0.18%
NUE	D	0.47%	0.41%	0.41%
NVR	D	0.17%	0.3%	0.17%
NXST	D	0.15%	0.06%	0.06%
OC	A	0.37%	0.21%	0.21%
ODFL	B	0.1%	0.44%	0.1%
OGN	F	0.11%	0.04%	0.04%
OMC	C	0.09%	0.23%	0.09%
OMF	A	0.15%	0.06%	0.06%
ON	F	0.35%	0.31%	0.31%
OPCH	F	0.03%	0.04%	0.03%
ORI	A	0.09%	0.08%	0.08%
OSK	C	0.24%	0.09%	0.09%
OZK	A	0.19%	0.05%	0.05%
PAG	A	0.13%	0.03%	0.03%
PB	A	0.09%	0.07%	0.07%
PFG	C	0.08%	0.19%	0.08%
PFGC	B	0.05%	0.14%	0.05%
PHM	D	0.4%	0.29%	0.29%
PKG	B	0.19%	0.24%	0.19%
PNFP	A	0.05%	0.09%	0.05%
POR	D	0.17%	0.05%	0.05%
PPG	F	0.17%	0.31%	0.17%
PRU	A	0.18%	0.44%	0.18%
PVH	C	0.22%	0.05%	0.05%
R	A	0.19%	0.09%	0.09%
RDN	C	0.21%	0.05%	0.05%
RF	A	0.28%	0.23%	0.23%
RGA	A	0.18%	0.14%	0.14%
RHI	B	0.05%	0.09%	0.05%
RJF	A	0.22%	0.29%	0.22%
RNR	D	0.21%	0.13%	0.13%
RS	B	0.48%	0.23%	0.23%
SEE	B	0.04%	0.06%	0.04%
SEIC	A	0.1%	0.08%	0.08%
SIG	B	0.16%	0.04%	0.04%
SJM	F	0.12%	0.13%	0.12%
SKX	D	0.08%	0.08%	0.08%
SLGN	B	0.09%	0.05%	0.05%
SLM	A	0.09%	0.05%	0.05%
SNA	A	0.31%	0.21%	0.21%
SNX	D	0.13%	0.09%	0.09%
SON	D	0.12%	0.06%	0.06%
SSB	A	0.05%	0.08%	0.05%
SSNC	D	0.17%	0.16%	0.16%
STLD	B	0.51%	0.28%	0.28%
STT	A	0.27%	0.28%	0.27%
STWD	D	0.04%	0.06%	0.04%
STX	D	0.24%	0.22%	0.22%
SUM	B	0.16%	0.14%	0.14%
SWKS	F	0.32%	0.15%	0.15%
SWX	A	0.13%	0.05%	0.05%
SYF	A	0.56%	0.26%	0.26%
SYY	D	0.25%	0.39%	0.25%
TDY	B	0.28%	0.25%	0.25%
THO	B	0.13%	0.08%	0.08%
TKR	F	0.08%	0.06%	0.06%
TMHC	B	0.22%	0.08%	0.08%
TNET	F	0.08%	0.03%	0.03%
TOL	B	0.43%	0.17%	0.17%
TPR	A	0.05%	0.11%	0.05%
TROW	A	0.48%	0.25%	0.25%
TTC	D	0.04%	0.1%	0.04%
UFPI	C	0.09%	0.08%	0.08%
UGI	C	0.2%	0.06%	0.06%
ULTA	D	0.26%	0.17%	0.17%
UNM	A	0.2%	0.12%	0.12%
VNT	C	0.1%	0.06%	0.06%
VOYA	A	0.04%	0.08%	0.04%
WAL	A	0.04%	0.1%	0.04%
WBS	A	0.16%	0.1%	0.1%
WCC	A	0.16%	0.09%	0.09%
WEC	A	0.17%	0.33%	0.17%
WHR	A	0.13%	0.05%	0.05%
WPC	D	0.08%	0.13%	0.08%
WRB	A	0.09%	0.17%	0.09%
WTFC	A	0.1%	0.08%	0.08%
WTRG	C	0.09%	0.12%	0.09%
WTS	A	0.04%	0.07%	0.04%
WY	D	0.08%	0.2%	0.08%
XEL	A	0.35%	0.39%	0.35%
ZBH	C	0.35%	0.24%	0.24%
ZION	A	0.16%	0.08%	0.08%
ZM	B	0.2%	0.21%	0.2%

FAB Overweight 445 Positions Relative to CVMC

Symbol	Grade	Weight
UAL	A	0.65%
GM	A	0.54%
PCAR	B	0.5%
FOXA	A	0.46%
CMCSA	B	0.46%
CVX	A	0.46%
COP	C	0.46%
EOG	A	0.45%
XOM	B	0.45%
F	C	0.45%
AIG	B	0.45%
T	A	0.44%
VLO	C	0.44%
HAL	C	0.44%
CTRA	A	0.44%
COF	A	0.43%
WFC	A	0.43%
OXY	F	0.43%
DVN	F	0.43%
KMI	A	0.42%
PSX	C	0.42%
MPC	D	0.41%
VTRS	A	0.4%
LYB	F	0.4%
ETR	A	0.39%
EQT	A	0.39%
INTC	C	0.39%
LNG	A	0.39%
CVS	F	0.39%
C	A	0.38%
CRBG	B	0.38%
ADM	D	0.38%
FANG	D	0.37%
SRE	A	0.37%
SLB	C	0.36%
FDX	A	0.36%
L	A	0.36%
CNP	A	0.35%
ATO	A	0.35%
CB	C	0.34%
CF	A	0.34%
DHI	D	0.31%
MS	A	0.31%
VZ	C	0.31%
IP	A	0.3%
BAC	A	0.29%
USB	B	0.28%
LUV	A	0.27%
TRV	A	0.27%
MTDR	C	0.25%
NOG	A	0.25%
TGT	D	0.25%
PPL	A	0.25%
CNX	A	0.25%
DE	D	0.25%
HCC	B	0.25%
TXT	D	0.25%
HP	C	0.25%
PTEN	D	0.24%
AEP	C	0.24%
AFL	C	0.24%
DUK	C	0.24%
CIVI	F	0.23%
DOW	F	0.23%
TEX	D	0.23%
SM	C	0.23%
OVV	C	0.23%
AGO	A	0.23%
BLDR	D	0.23%
CXW	B	0.22%
AMR	C	0.22%
CHRD	F	0.22%
NOV	D	0.22%
NFE	F	0.22%
MHO	D	0.21%
RIOT	B	0.21%
URBN	C	0.21%
MUR	F	0.21%
TAP	A	0.21%
PBF	D	0.21%
TPH	D	0.2%
OKE	A	0.2%
DINO	D	0.2%
LBRT	F	0.2%
RUSHA	B	0.2%
DXC	C	0.19%
HRI	B	0.19%
CNO	A	0.19%
CSCO	B	0.19%
MGY	A	0.19%
NWSA	B	0.19%
ASO	F	0.19%
PNC	A	0.19%
APA	F	0.19%
MATX	B	0.19%
DDS	B	0.18%
DIS	A	0.18%
CSX	B	0.18%
CLF	F	0.18%
CNXC	F	0.18%
GPI	A	0.18%
OTTR	C	0.18%
KRC	C	0.18%
RRC	B	0.18%
ADTN	A	0.18%
SOLV	C	0.18%
FNF	C	0.17%
BKH	A	0.17%
JNJ	D	0.17%
TSN	A	0.17%
AAP	D	0.17%
PNW	A	0.17%
GBDC	A	0.17%
AMKR	F	0.16%
UHS	D	0.16%
BFH	A	0.16%
SANM	B	0.16%
GBX	A	0.16%
WLK	F	0.16%
FE	C	0.16%
CARR	D	0.16%
EIX	C	0.16%
SR	A	0.16%
ULH	B	0.15%
JBT	B	0.15%
ECVT	C	0.15%
COLB	A	0.15%
BMBL	C	0.15%
TGNA	B	0.15%
KDP	D	0.15%
MDU	D	0.15%
BTU	B	0.14%
EIG	A	0.14%
CABO	B	0.14%
GT	C	0.14%
CUBI	B	0.14%
TDS	B	0.14%
RIG	D	0.14%
IART	C	0.14%
KMT	B	0.14%
VTLE	C	0.14%
GMS	A	0.14%
TALO	C	0.14%
VLY	A	0.14%
PINC	B	0.14%
ELV	F	0.14%
CTOS	B	0.14%
BYD	A	0.14%
HELE	C	0.13%
OGS	A	0.13%
GIII	D	0.13%
RLJ	C	0.13%
INVA	C	0.13%
SHO	D	0.13%
PK	C	0.13%
VAC	B	0.13%
PLAB	D	0.13%
APLE	B	0.13%
WS	B	0.13%
GEF	A	0.13%
DNOW	A	0.13%
OGE	A	0.13%
WU	F	0.12%
OLN	F	0.12%
HTZ	C	0.12%
AVA	C	0.12%
VSH	F	0.12%
USM	B	0.12%
IMKTA	C	0.12%
INDB	A	0.12%
TRMK	A	0.12%
SPNT	A	0.12%
VC	F	0.12%
RES	F	0.12%
ENS	D	0.12%
POST	D	0.12%
UVV	B	0.12%
CRGY	A	0.12%
FOR	F	0.12%
EPC	F	0.12%
GPOR	A	0.12%
AMWD	B	0.11%
REZI	A	0.11%
GES	F	0.11%
MRC	B	0.11%
CCS	F	0.11%
KSS	F	0.11%
PII	F	0.11%
WMK	B	0.11%
SEB	F	0.11%
HOV	F	0.11%
SAH	A	0.11%
PHIN	A	0.11%
AEO	F	0.11%
EBC	A	0.11%
DBRG	D	0.11%
GHC	A	0.11%
PRDO	B	0.11%
FFBC	A	0.11%
KOS	D	0.11%
PARR	D	0.11%
BY	A	0.11%
PEBO	A	0.11%
WKC	C	0.11%
CAL	D	0.11%
BV	C	0.11%
ANDE	C	0.1%
ABCB	A	0.1%
SBH	A	0.1%
AMN	F	0.1%
UBSI	A	0.1%
HII	F	0.1%
ABR	C	0.1%
PDCO	F	0.1%
PRG	A	0.1%
NAVI	D	0.1%
MLKN	F	0.1%
NWN	A	0.1%
HWC	A	0.1%
HGV	B	0.1%
LADR	A	0.1%
CENTA	C	0.1%
ZD	B	0.1%
EQC	A	0.1%
HIW	D	0.1%
CMCO	C	0.1%
VSCO	A	0.1%
SCSC	B	0.1%
DRH	B	0.1%
WSBC	A	0.09%
CRK	A	0.09%
GD	D	0.09%
AR	B	0.09%
CASH	A	0.09%
ACN	C	0.09%
HY	F	0.09%
CATY	A	0.09%
SASR	A	0.09%
ADNT	F	0.09%
JWN	A	0.09%
BANR	A	0.09%
PNM	B	0.09%
MODG	F	0.09%
PYPL	A	0.09%
CVBF	A	0.09%
AIZ	A	0.09%
CVI	D	0.09%
ALKS	B	0.09%
KFY	B	0.09%
APD	A	0.09%
LHX	B	0.09%
PLYA	A	0.09%
ASGN	D	0.09%
OEC	C	0.09%
BNL	D	0.09%
CUZ	B	0.09%
NWE	C	0.09%
CRC	B	0.09%
VSTS	F	0.09%
J	D	0.09%
ACA	B	0.09%
GEO	A	0.09%
LZB	A	0.09%
MDLZ	F	0.08%
REYN	D	0.08%
BKE	A	0.08%
MCRI	A	0.08%
ARCB	C	0.08%
WERN	B	0.08%
HUBG	A	0.08%
WGO	B	0.08%
BKU	A	0.08%
FIBK	A	0.08%
SNDR	B	0.08%
CI	D	0.08%
HOPE	A	0.08%
SRCE	A	0.08%
VSAT	F	0.08%
FCF	A	0.08%
UHAL	D	0.08%
LMT	D	0.08%
ALG	B	0.08%
NX	C	0.08%
WSFS	A	0.08%
TCBK	A	0.08%
VBTX	A	0.08%
VRTS	A	0.08%
PEP	F	0.08%
FULT	A	0.08%
LAUR	A	0.08%
EFSC	A	0.08%
DD	D	0.08%
RNST	A	0.08%
DAN	F	0.08%
MDT	D	0.08%
PFBC	A	0.08%
UPS	C	0.08%
HD	A	0.08%
LOW	A	0.08%
SFNC	B	0.08%
SBUX	A	0.08%
FRME	A	0.08%
KLG	F	0.08%
KALU	C	0.08%
IPGP	D	0.08%
DIOD	F	0.08%
CTVA	D	0.08%
LILAK	F	0.08%
XRX	F	0.08%
DFH	F	0.07%
LGIH	F	0.07%
TTMI	B	0.07%
SPB	C	0.07%
SJW	F	0.07%
SSTK	F	0.07%
UNF	A	0.07%
NKE	D	0.07%
PEB	F	0.07%
MRTN	C	0.07%
XHR	B	0.07%
BUSE	A	0.07%
PTVE	C	0.07%
PBH	A	0.06%
ENOV	C	0.06%
FHI	A	0.06%
NIC	A	0.06%
CSGS	A	0.06%
KAR	A	0.06%
BHE	B	0.06%
HLF	C	0.06%
FHB	A	0.06%
CRI	D	0.06%
SNEX	A	0.06%
HMN	A	0.06%
OMI	F	0.06%
ASB	A	0.06%
GRBK	D	0.06%
SCVL	F	0.06%
LC	B	0.06%
SHEN	F	0.05%
DNB	B	0.05%
ODP	F	0.05%
UCB	A	0.05%
DK	D	0.05%
YETI	F	0.05%
DFIN	D	0.05%
LCII	D	0.05%
SEM	B	0.05%
THRM	F	0.05%
SYNA	C	0.05%
AUB	A	0.05%
OFG	B	0.05%
GO	C	0.05%
PSMT	D	0.05%
STBA	A	0.05%
ROG	D	0.05%
DEA	D	0.05%
ARI	D	0.05%
UMBF	A	0.05%
KWR	C	0.05%
CXT	D	0.05%
HTH	B	0.05%
ALEX	B	0.05%
SCL	D	0.05%
LNN	B	0.05%
ROCK	C	0.05%
WAFD	A	0.05%
MTX	B	0.05%
IOSP	C	0.05%
TOWN	A	0.05%
FLR	B	0.05%
ABM	B	0.05%
FBNC	A	0.05%
CAR	C	0.05%
NWBI	A	0.05%
SBCF	A	0.05%
GOGO	C	0.05%
UPWK	B	0.04%
NSP	F	0.04%
MGM	D	0.04%
WD	D	0.04%
AVNS	F	0.04%
NJR	A	0.04%
RYN	D	0.04%
CZR	F	0.04%
FOXF	F	0.04%
SKY	A	0.04%
FUL	F	0.04%
ALIT	C	0.04%
IAC	D	0.04%
AVNT	A	0.04%
PRGO	C	0.04%
PATK	C	0.04%
MUSA	A	0.04%
SHLS	F	0.03%
EVTC	C	0.03%
CNMD	C	0.03%
SAFT	A	0.03%
MSEX	B	0.03%
MTRN	C	0.03%
HAYW	A	0.03%
PGRE	C	0.03%
CVCO	A	0.03%
SAM	B	0.03%
NVEE	F	0.03%
NNI	C	0.03%
IVT	B	0.03%
DEI	B	0.03%
NBTB	A	0.03%
ROIC	A	0.03%
PPBI	A	0.03%
BHLB	A	0.03%
HLIO	B	0.03%
BHF	A	0.03%
PFS	A	0.03%
FDP	A	0.03%
FBK	A	0.03%
TCBI	A	0.03%
CBU	A	0.03%
MGPI	D	0.03%
MCW	B	0.03%
MYRG	B	0.03%
OLPX	D	0.02%
GIC	F	0.02%
GPRE	F	0.02%
OXM	F	0.02%
AIN	C	0.02%
RC	F	0.02%
SHOO	D	0.02%
CMTG	D	0.02%
STC	A	0.02%
LXP	D	0.02%
AIR	B	0.02%
CNXN	D	0.02%
OI	C	0.02%
NMRK	B	0.02%
XPEL	B	0.02%
JBGS	D	0.02%
PLUS	F	0.02%
MSGE	D	0.02%
CC	C	0.02%
KFRC	D	0.02%
BLMN	F	0.02%
GNW	A	0.02%
UPBD	B	0.02%

FAB Underweight 386 Positions Relative to CVMC

Symbol	Grade	Weight
ADSK	B	-0.62%
URI	B	-0.57%
BK	A	-0.56%
TTD	B	-0.55%
AMP	A	-0.54%
FICO	A	-0.51%
FTNT	A	-0.5%
GWW	A	-0.5%
ALL	A	-0.48%
PAYX	B	-0.48%
FIS	B	-0.47%
VRT	A	-0.47%
PWR	A	-0.46%
AME	A	-0.45%
FAST	B	-0.45%
MSCI	A	-0.44%
DFS	A	-0.44%
CCI	D	-0.44%
IR	A	-0.43%
SQ	A	-0.43%
KMB	C	-0.42%
PEG	C	-0.42%
KVUE	A	-0.41%
CBRE	B	-0.41%
OTIS	D	-0.41%
IT	B	-0.41%
IQV	F	-0.4%
A	D	-0.4%
VMC	B	-0.4%
VRSK	B	-0.4%
EA	A	-0.39%
YUM	D	-0.39%
GEHC	D	-0.38%
GLW	B	-0.38%
SNOW	C	-0.38%
DDOG	B	-0.38%
AXON	A	-0.37%
MPWR	F	-0.37%
RMD	C	-0.37%
WAB	B	-0.37%
ROK	A	-0.36%
ACGL	C	-0.36%
TEAM	A	-0.36%
ALNY	D	-0.36%
EXR	C	-0.35%
IDXX	F	-0.35%
AVB	A	-0.34%
IRM	D	-0.34%
VEEV	C	-0.33%
EFX	F	-0.33%
LULU	C	-0.32%
CSGP	F	-0.32%
APP	A	-0.32%
SW	A	-0.31%
ARES	B	-0.31%
NDAQ	A	-0.31%
DOV	A	-0.31%
WTW	B	-0.31%
XYL	D	-0.31%
MTD	F	-0.31%
ANSS	B	-0.3%
HUBS	A	-0.3%
HUBB	B	-0.29%
VTR	C	-0.29%
BRO	B	-0.29%
HEI	A	-0.29%
TSCO	D	-0.29%
CDW	F	-0.28%
NET	C	-0.28%
RBLX	B	-0.27%
TTWO	A	-0.27%
BAH	D	-0.26%
WST	C	-0.26%
EME	B	-0.26%
SBAC	D	-0.26%
BR	A	-0.26%
TYL	B	-0.26%
ILMN	C	-0.26%
FCNCA	A	-0.26%
CSL	B	-0.25%
WAT	B	-0.25%
VLTO	D	-0.25%
CVNA	A	-0.25%
NTAP	D	-0.25%
DECK	A	-0.24%
XPO	B	-0.24%
CHD	A	-0.24%
PTC	B	-0.24%
WDC	F	-0.24%
ES	C	-0.24%
STE	D	-0.24%
TRU	D	-0.23%
IFF	D	-0.23%
K	B	-0.23%
LYV	A	-0.22%
WBD	B	-0.22%
LII	B	-0.22%
LPLA	A	-0.22%
MKC	D	-0.22%
FDS	A	-0.21%
ZBRA	B	-0.21%
WSO	A	-0.21%
BALL	D	-0.21%
NRG	B	-0.21%
SAIA	B	-0.21%
ESS	A	-0.21%
BAX	F	-0.2%
TRMB	A	-0.2%
CBOE	D	-0.2%
NTRS	A	-0.2%
MDB	C	-0.2%
PINS	F	-0.2%
UTHR	B	-0.19%
PNR	A	-0.19%
TER	F	-0.18%
SUI	D	-0.18%
PODD	A	-0.18%
ZS	B	-0.18%
AVY	D	-0.18%
AVTR	F	-0.17%
VRSN	D	-0.17%
GEN	B	-0.17%
RVTY	D	-0.17%
INCY	B	-0.17%
DPZ	C	-0.17%
AMCR	C	-0.17%
GGG	A	-0.17%
PSTG	F	-0.17%
ALGN	D	-0.17%
ACM	B	-0.17%
CHRW	A	-0.17%
FIX	A	-0.17%
USFD	B	-0.17%
MANH	D	-0.17%
FSLR	F	-0.17%
NTNX	A	-0.16%
DOCU	A	-0.16%
UDR	C	-0.16%
ROL	A	-0.16%
TWLO	A	-0.16%
GWRE	B	-0.16%
SWK	F	-0.16%
ENTG	F	-0.16%
CASY	B	-0.16%
CW	B	-0.16%
REG	A	-0.15%
CLH	C	-0.15%
WSM	F	-0.15%
COHR	B	-0.15%
DT	C	-0.15%
SFM	A	-0.15%
BURL	C	-0.15%
EQH	B	-0.15%
ELS	B	-0.14%
RRX	B	-0.14%
SCI	B	-0.14%
JLL	C	-0.14%
CPT	D	-0.14%
EL	F	-0.14%
TTEK	D	-0.14%
ALLE	D	-0.14%
ITT	A	-0.14%
EWBC	A	-0.14%
FFIV	B	-0.14%
TXRH	A	-0.14%
BXP	D	-0.14%
TW	B	-0.14%
NVT	B	-0.14%
DAY	B	-0.13%
DLTR	F	-0.13%
CCK	D	-0.13%
AFRM	A	-0.13%
TOST	A	-0.13%
LAMR	D	-0.13%
DUOL	B	-0.13%
TECH	D	-0.13%
JNPR	D	-0.13%
WMS	F	-0.13%
ATR	B	-0.13%
POOL	D	-0.13%
JKHY	D	-0.13%
NBIX	D	-0.13%
BMRN	F	-0.13%
LECO	C	-0.13%
CTLT	C	-0.12%
ALSN	B	-0.12%
SMCI	F	-0.12%
AIT	A	-0.12%
CUBE	C	-0.12%
PAYC	B	-0.12%
LW	C	-0.12%
Z	A	-0.12%
SOFI	A	-0.12%
AAL	B	-0.12%
OWL	A	-0.12%
ATI	D	-0.12%
SRPT	F	-0.12%
OKTA	D	-0.12%
SNAP	D	-0.12%
BLD	F	-0.12%
DCI	B	-0.11%
DOX	D	-0.11%
MORN	B	-0.11%
EXEL	B	-0.11%
CNH	D	-0.11%
EXAS	F	-0.11%
CG	B	-0.11%
EVR	A	-0.11%
EHC	B	-0.11%
WWD	B	-0.11%
RPRX	F	-0.11%
ARMK	C	-0.11%
SF	A	-0.11%
AYI	A	-0.11%
AES	F	-0.11%
KMX	B	-0.11%
OHI	C	-0.11%
MKTX	C	-0.11%
PEN	B	-0.1%
KNSL	C	-0.1%
HLI	A	-0.1%
MTZ	B	-0.1%
HRB	D	-0.1%
RIVN	F	-0.1%
GPK	D	-0.1%
AXTA	A	-0.1%
MEDP	D	-0.1%
CIEN	B	-0.1%
WING	F	-0.1%
NYT	D	-0.1%
GMED	A	-0.1%
APG	C	-0.1%
FND	F	-0.1%
TFX	F	-0.1%
DKS	D	-0.1%
AOS	F	-0.1%
REXR	F	-0.1%
FRT	B	-0.1%
ALV	C	-0.1%
HQY	A	-0.09%
ENSG	D	-0.09%
ESAB	B	-0.09%
ENPH	F	-0.09%
SSD	D	-0.09%
FLS	A	-0.09%
CHE	D	-0.09%
MOD	C	-0.09%
CNM	F	-0.09%
ONTO	F	-0.09%
AAON	A	-0.09%
ROKU	D	-0.09%
BRX	A	-0.09%
PCTY	B	-0.09%
PRI	A	-0.09%
H	B	-0.08%
LSCC	D	-0.08%
CVLT	B	-0.08%
BFAM	F	-0.08%
RL	B	-0.08%
SAIC	D	-0.08%
STAG	D	-0.08%
FR	D	-0.08%
PARA	C	-0.08%
WEX	F	-0.08%
HLNE	A	-0.08%
HAS	D	-0.08%
FRPT	B	-0.08%
VMI	B	-0.08%
MKSI	D	-0.08%
BIO	C	-0.08%
TPX	A	-0.08%
COLD	F	-0.08%
SNV	A	-0.08%
PLNT	A	-0.08%
FCN	F	-0.08%
DVA	C	-0.08%
GKOS	B	-0.08%
GTLS	A	-0.08%
WSC	F	-0.08%
VNO	B	-0.08%
CFR	A	-0.08%
HALO	D	-0.08%
RGEN	D	-0.08%
BRBR	A	-0.08%
ACI	C	-0.08%
WH	A	-0.08%
CGNX	D	-0.08%
OLED	F	-0.08%
CBSH	A	-0.08%
NNN	D	-0.08%
RYAN	A	-0.07%
KRG	B	-0.07%
BRKR	F	-0.07%
DBX	C	-0.07%
INSP	F	-0.07%
BILL	A	-0.07%
BPMC	D	-0.07%
ONB	B	-0.07%
CWST	A	-0.07%
BCPC	B	-0.07%
ELAN	C	-0.07%
SPSC	D	-0.07%
COKE	C	-0.07%
QRVO	F	-0.07%
AGNC	C	-0.07%
EXLS	B	-0.07%
CBT	C	-0.07%
VFC	B	-0.07%
MOG.A	B	-0.07%
ESI	B	-0.07%
MHK	D	-0.07%
SMAR	A	-0.07%
MSA	D	-0.07%
RHP	B	-0.07%
MTN	C	-0.07%
TREX	C	-0.07%
NOVT	D	-0.07%
S	B	-0.07%
ESTC	C	-0.07%
BMI	B	-0.07%
JHG	A	-0.06%
OLLI	D	-0.06%
CROX	F	-0.06%
KD	A	-0.06%
DY	C	-0.06%
CRUS	F	-0.06%
IONS	F	-0.06%
ST	F	-0.06%
ETSY	D	-0.06%
SIGI	A	-0.06%
HXL	F	-0.06%
GME	C	-0.06%
EXPO	D	-0.06%
VRNS	D	-0.06%
QLYS	C	-0.06%
IBP	F	-0.06%
AZEK	B	-0.06%
GATX	A	-0.06%
ALTR	B	-0.06%
EPRT	C	-0.06%
FSS	C	-0.06%
ITRI	B	-0.06%
RMBS	C	-0.06%
MMSI	A	-0.06%
AWI	A	-0.06%
TRNO	D	-0.06%
SITE	D	-0.06%
FOUR	B	-0.06%
ANF	C	-0.06%
CFLT	C	-0.06%
DLB	D	-0.05%
NSIT	F	-0.05%
GAP	C	-0.05%
RH	C	-0.05%
FLO	D	-0.05%
WMG	B	-0.05%
BCO	F	-0.05%
TENB	D	-0.05%
LYFT	B	-0.05%
APPF	C	-0.05%
PSN	C	-0.05%
DOCS	C	-0.05%
HCP	B	-0.05%
XRAY	F	-0.05%
ELF	C	-0.05%
THG	A	-0.05%
CELH	F	-0.05%
TPG	B	-0.05%
ZWS	B	-0.05%
HOMB	A	-0.05%
ZI	D	-0.04%
CHWY	B	-0.04%
BBIO	F	-0.04%
CWAN	B	-0.04%
CDP	C	-0.04%
LANC	D	-0.04%
CHH	A	-0.04%
WTM	A	-0.04%
EEFT	C	-0.04%
COTY	F	-0.03%
PFSI	D	-0.03%
CACC	D	-0.03%
AGR	A	-0.03%
ALGM	F	-0.03%
APLS	F	-0.03%
LEVI	F	-0.02%