FAB vs. EQAL ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to PowerShares Russell 1000 Equal Weight Portfolio (EQAL)

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

$78.76

Average Daily Volume

5,085

Number of Holdings ^*

659

* may have additional holdings in another (foreign) market

EQAL

PowerShares Russell 1000 Equal Weight Portfolio

EQAL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 1000® Equal Weight Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Frank Russell Company (the "Index Provider") compiles and maintains the underlying index, which is composed of all of the securities in the Russell 1000® Index (the "Russell 1000") "equally weighted."

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

31,020

Number of Holdings ^*

959

* may have additional holdings in another (foreign) market

Performance

Period	FAB	EQAL
30 Days	0.57%	0.58%
60 Days	-0.77%	0.42%
90 Days	-4.21%	-2.97%
12 Months	13.92%	9.54%

356 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in EQAL	Overlap
ACGL	B	0.52%	0.08%	0.08%
ADM	F	0.46%	0.19%	0.19%
ADTN	D	0.21%	0.06%	0.06%
AEE	D	0.36%	0.2%	0.2%
AEP	C	0.28%	0.21%	0.21%
AFG	D	0.04%	0.06%	0.04%
AFL	B	0.29%	0.07%	0.07%
AGCO	F	0.19%	0.04%	0.04%
AGNC	B	0.05%	0.07%	0.05%
AGO	C	0.21%	0.06%	0.06%
AIG	D	0.36%	0.07%	0.07%
AIRC	A	0.28%	0.18%	0.18%
AIZ	D	0.04%	0.06%	0.04%
AL	C	0.22%	0.05%	0.05%
ALK	D	0.13%	0.06%	0.06%
ALLY	B	0.18%	0.07%	0.07%
AMG	C	0.18%	0.07%	0.07%
AN	D	0.18%	0.06%	0.06%
APA	D	0.2%	0.22%	0.2%
APD	D	0.21%	0.26%	0.21%
APTV	F	0.44%	0.05%	0.05%
AR	D	0.16%	0.29%	0.16%
ARE	C	0.08%	0.14%	0.08%
ARW	F	0.22%	0.07%	0.07%
ASH	D	0.09%	0.23%	0.09%
ATO	B	0.27%	0.21%	0.21%
AVT	C	0.24%	0.08%	0.08%
AWK	B	0.1%	0.22%	0.1%
AXS	B	0.1%	0.08%	0.08%
AYI	D	0.04%	0.05%	0.04%
BAC	A	0.29%	0.07%	0.07%
BBWI	F	0.08%	0.05%	0.05%
BBY	B	0.29%	0.06%	0.06%
BC	F	0.07%	0.04%	0.04%
BEN	D	0.31%	0.05%	0.05%
BERY	D	0.19%	0.05%	0.05%
BG	B	0.49%	0.2%	0.2%
BIIB	C	0.2%	0.08%	0.08%
BJ	B	0.06%	0.06%	0.06%
BKR	B	0.29%	0.26%	0.26%
BMY	F	0.3%	0.06%	0.06%
BOKF	C	0.14%	0.07%	0.07%
BPOP	C	0.09%	0.07%	0.07%
BRK.A	C	0.46%	0.07%	0.07%
BWA	F	0.18%	0.06%	0.06%
BXP	B	0.04%	0.15%	0.04%
BYD	D	0.15%	0.05%	0.05%
C	C	0.37%	0.07%	0.07%
CABO	F	0.11%	0.42%	0.11%
CACC	C	0.09%	0.05%	0.05%
CACC	C	0.09%	0.06%	0.06%
CACI	B	0.05%	0.08%	0.05%
CAG	D	0.37%	0.18%	0.18%
CAR	F	0.13%	0.05%	0.05%
CB	C	0.39%	0.07%	0.07%
CCK	F	0.05%	0.05%	0.05%
CE	F	0.3%	0.2%	0.2%
CF	D	0.43%	0.21%	0.21%
CFG	C	0.37%	0.07%	0.07%
CHK	D	0.22%	0.23%	0.22%
CHTR	C	0.19%	0.56%	0.19%
CI	D	0.18%	0.08%	0.08%
CIEN	C	0.04%	0.49%	0.04%
CINF	C	0.44%	0.07%	0.07%
CLF	D	0.09%	0.16%	0.09%
CMA	C	0.12%	0.06%	0.06%
CMCSA	C	0.42%	0.5%	0.42%
CMS	D	0.19%	0.2%	0.19%
CNC	F	0.24%	0.07%	0.07%
CNP	A	0.3%	0.22%	0.22%
CNXC	D	0.21%	0.06%	0.06%
COF	C	0.34%	0.05%	0.05%
COLB	D	0.18%	0.06%	0.06%
COLM	D	0.09%	0.06%	0.06%
COP	D	0.43%	0.24%	0.24%
CPB	C	0.19%	0.18%	0.18%
CPNG	D	0.11%	0.06%	0.06%
CRBG	C	0.19%	0.08%	0.08%
CRI	F	0.04%	0.04%	0.04%
CROX	B	0.1%	0.07%	0.07%
CRUS	A	0.06%	0.09%	0.06%
CSCO	C	0.26%	0.52%	0.26%
CTRA	D	0.47%	0.24%	0.24%
CTSH	C	0.26%	0.06%	0.06%
CTVA	C	0.08%	0.17%	0.08%
CUZ	C	0.13%	0.14%	0.13%
CVS	D	0.36%	0.14%	0.14%
CVX	C	0.48%	0.25%	0.25%
CWEN	C	0.06%	0.24%	0.06%
CZR	C	0.12%	0.05%	0.05%
D	D	0.28%	0.21%	0.21%
DAR	D	0.15%	0.14%	0.14%
DD	B	0.1%	0.06%	0.06%
DE	D	0.25%	0.05%	0.05%
DG	D	0.08%	0.04%	0.04%
DGX	D	0.29%	0.09%	0.09%
DHI	D	0.4%	0.05%	0.05%
DINO	D	0.21%	0.22%	0.21%
DKS	B	0.05%	0.07%	0.05%
DNB	D	0.08%	0.06%	0.06%
DOV	B	0.09%	0.05%	0.05%
DOW	D	0.08%	0.22%	0.08%
DTE	C	0.37%	0.2%	0.2%
DTM	A	0.16%	0.28%	0.16%
DUK	D	0.29%	0.22%	0.22%
DVN	C	0.45%	0.24%	0.24%
DXC	C	0.12%	0.06%	0.06%
EBAY	B	0.39%	0.06%	0.06%
ED	D	0.47%	0.2%	0.2%
EG	B	0.46%	0.07%	0.07%
EHC	B	0.05%	0.09%	0.05%
EIX	D	0.28%	0.21%	0.21%
ELV	A	0.1%	0.09%	0.09%
EMN	C	0.14%	0.26%	0.14%
ENOV	D	0.02%	0.06%	0.02%
EOG	C	0.47%	0.24%	0.24%
EPAM	D	0.06%	0.04%	0.04%
EQR	A	0.3%	0.16%	0.16%
EQT	D	0.49%	0.24%	0.24%
ETR	C	0.48%	0.21%	0.21%
EVRG	C	0.19%	0.21%	0.19%
EWBC	C	0.08%	0.06%	0.06%
EXC	D	0.35%	0.19%	0.19%
EXPD	B	0.1%	0.05%	0.05%
F	C	0.43%	0.05%	0.05%
FAF	D	0.04%	0.06%	0.04%
FANG	C	0.47%	0.25%	0.25%
FDX	A	0.25%	0.05%	0.05%
FE	D	0.19%	0.21%	0.19%
FHB	C	0.05%	0.06%	0.05%
FHN	C	0.14%	0.07%	0.07%
FITB	C	0.27%	0.06%	0.06%
FMC	D	0.21%	0.21%	0.21%
FNB	C	0.13%	0.06%	0.06%
FNF	C	0.08%	0.06%	0.06%
FOXA	A	0.21%	0.07%	0.07%
FYBR	B	0.19%	0.57%	0.19%
G	D	0.18%	0.04%	0.04%
GD	C	0.1%	0.05%	0.05%
GILD	C	0.26%	0.08%	0.08%
GIS	D	0.18%	0.18%	0.18%
GL	C	0.03%	0.04%	0.03%
GLW	B	0.11%	0.09%	0.09%
GM	B	0.49%	0.06%	0.06%
GMED	A	0.06%	0.1%	0.06%
GO	D	0.02%	0.14%	0.02%
GPC	D	0.17%	0.05%	0.05%
GPN	D	0.2%	0.04%	0.04%
GPS	C	0.04%	0.07%	0.04%
GS	B	0.3%	0.08%	0.08%
GXO	D	0.04%	0.05%	0.04%
HAL	D	0.33%	0.22%	0.22%
HBAN	C	0.35%	0.06%	0.06%
HCA	C	0.19%	0.09%	0.09%
HE	F	0.11%	0.16%	0.11%
HIG	B	0.28%	0.07%	0.07%
HII	D	0.08%	0.04%	0.04%
HIW	B	0.13%	0.16%	0.13%
HOG	D	0.14%	0.05%	0.05%
HPE	B	0.56%	0.08%	0.08%
HPQ	B	0.33%	0.08%	0.08%
HRL	F	0.17%	0.15%	0.15%
HSIC	F	0.04%	0.07%	0.04%
HSY	F	0.18%	0.16%	0.16%
HTZ	F	0.06%	0.03%	0.03%
HUM	C	0.19%	0.09%	0.09%
HUN	F	0.08%	0.2%	0.08%
IAC	D	0.2%	0.06%	0.06%
IART	C	0.02%	0.06%	0.02%
ICUI	B	0.09%	0.09%	0.09%
IDA	C	0.09%	0.21%	0.09%
INCY	B	0.31%	0.09%	0.09%
INTC	F	0.06%	0.05%	0.05%
IP	B	0.11%	0.3%	0.11%
IPG	F	0.25%	0.05%	0.05%
IPGP	D	0.13%	0.06%	0.06%
IVZ	D	0.04%	0.06%	0.04%
J	D	0.08%	0.05%	0.05%
JAZZ	F	0.13%	0.08%	0.08%
JBHT	F	0.15%	0.04%	0.04%
JBL	F	0.24%	0.05%	0.05%
JCI	C	0.2%	0.06%	0.06%
JEF	A	0.05%	0.07%	0.05%
JLL	B	0.05%	0.16%	0.05%
JNJ	F	0.09%	0.08%	0.08%
K	D	0.09%	0.18%	0.09%
KDP	C	0.31%	0.2%	0.2%
KEX	B	0.12%	0.07%	0.07%
KEY	C	0.16%	0.06%	0.06%
KHC	D	0.34%	0.16%	0.16%
KIM	B	0.36%	0.14%	0.14%
KLG	F	0.05%	0.2%	0.05%
KMB	B	0.1%	0.19%	0.1%
KMI	A	0.42%	0.26%	0.26%
KNX	C	0.12%	0.04%	0.04%
KR	D	0.24%	0.15%	0.15%
KRC	D	0.16%	0.13%	0.13%
KSS	D	0.11%	0.05%	0.05%
L	D	0.37%	0.07%	0.07%
LAD	D	0.19%	0.05%	0.05%
LBRDK	C	0.17%	0.5%	0.17%
LEA	F	0.15%	0.04%	0.04%
LEN	D	0.41%	0.05%	0.05%
LFUS	C	0.1%	0.05%	0.05%
LHX	A	0.1%	0.05%	0.05%
LKQ	F	0.29%	0.04%	0.04%
LMT	A	0.2%	0.05%	0.05%
LNG	B	0.5%	0.25%	0.25%
LNT	C	0.09%	0.21%	0.09%
LOW	D	0.16%	0.05%	0.05%
LPX	C	0.05%	0.05%	0.05%
LSTR	B	0.04%	0.05%	0.04%
LUV	B	0.27%	0.04%	0.04%
LYB	C	0.35%	0.23%	0.23%
M	C	0.14%	0.05%	0.05%
MAA	B	0.2%	0.16%	0.16%
MDLZ	D	0.18%	0.16%	0.16%
MDT	D	0.17%	0.08%	0.08%
MDU	B	0.19%	0.06%	0.06%
MIDD	F	0.04%	0.04%	0.04%
MKL	C	0.49%	0.07%	0.07%
MOH	F	0.07%	0.06%	0.06%
MOS	D	0.21%	0.22%	0.21%
MPC	D	0.41%	0.23%	0.23%
MPW	F	0.03%	0.16%	0.03%
MRO	B	0.48%	0.27%	0.27%
MS	B	0.2%	0.08%	0.08%
MTB	B	0.38%	0.07%	0.07%
MTG	B	0.22%	0.07%	0.07%
NEE	D	0.22%	0.27%	0.22%
NFG	D	0.24%	0.22%	0.22%
NI	B	0.15%	0.22%	0.15%
NKE	F	0.09%	0.05%	0.05%
NOV	B	0.23%	0.24%	0.23%
NUE	D	0.36%	0.19%	0.19%
NWSA	A	0.29%	0.06%	0.06%
NXST	C	0.13%	0.05%	0.05%
NYCB	F	0.04%	0.05%	0.04%
OC	C	0.49%	0.06%	0.06%
OGE	C	0.19%	0.21%	0.19%
OGN	B	0.16%	0.09%	0.09%
OKE	B	0.28%	0.24%	0.24%
OLN	F	0.11%	0.2%	0.11%
OLPX	D	0.07%	0.15%	0.07%
OMC	D	0.09%	0.05%	0.05%
OMF	C	0.13%	0.07%	0.07%
ORI	C	0.09%	0.07%	0.07%
OSK	C	0.12%	0.05%	0.05%
OVV	C	0.21%	0.22%	0.21%
OXY	C	0.46%	0.24%	0.24%
OZK	D	0.16%	0.06%	0.06%
PAG	D	0.13%	0.05%	0.05%
PB	C	0.08%	0.06%	0.06%
PCG	D	0.4%	0.22%	0.22%
PEG	B	0.42%	0.23%	0.23%
PENN	C	0.05%	0.05%	0.05%
PFE	C	0.09%	0.09%	0.09%
PHIN	D	0.14%	0.06%	0.06%
PII	F	0.11%	0.05%	0.05%
PINC	F	0.11%	0.07%	0.07%
PKG	B	0.19%	0.05%	0.05%
PNC	C	0.26%	0.07%	0.07%
PNFP	C	0.08%	0.06%	0.06%
PNW	C	0.14%	0.22%	0.14%
POOL	F	0.07%	0.04%	0.04%
PPG	D	0.08%	0.04%	0.04%
PRGO	F	0.07%	0.07%	0.07%
PRU	B	0.09%	0.07%	0.07%
PSX	D	0.41%	0.21%	0.21%
PVH	F	0.11%	0.04%	0.04%
PYPL	F	0.17%	0.05%	0.05%
QCOM	C	0.11%	0.08%	0.08%
R	B	0.19%	0.05%	0.05%
REGN	B	0.1%	0.09%	0.09%
REYN	C	0.05%	0.17%	0.05%
RF	C	0.34%	0.06%	0.06%
RGA	B	0.05%	0.07%	0.05%
RHI	F	0.04%	0.04%	0.04%
RJF	C	0.09%	0.07%	0.07%
RNR	C	0.23%	0.07%	0.07%
RRC	D	0.23%	0.24%	0.23%
RS	D	0.32%	0.2%	0.2%
RTX	D	0.1%	0.06%	0.06%
RYN	D	0.08%	0.13%	0.08%
SAIC	D	0.08%	0.06%	0.06%
SEB	D	0.22%	0.16%	0.16%
SEE	D	0.04%	0.05%	0.04%
SEIC	D	0.09%	0.06%	0.06%
SF	A	0.05%	0.07%	0.05%
SKX	B	0.11%	0.07%	0.07%
SLGN	D	0.08%	0.05%	0.05%
SLM	C	0.09%	0.06%	0.06%
SNA	D	0.25%	0.04%	0.04%
SNDR	B	0.14%	0.05%	0.05%
SNV	A	0.09%	0.06%	0.06%
SNX	C	0.15%	0.08%	0.08%
SON	F	0.17%	0.05%	0.05%
SPB	C	0.13%	0.18%	0.13%
SRE	B	0.4%	0.22%	0.22%
SSNC	B	0.19%	0.07%	0.07%
STLD	C	0.4%	0.22%	0.22%
STT	C	0.26%	0.07%	0.07%
SWKS	B	0.38%	0.07%	0.07%
SYF	A	0.4%	0.05%	0.05%
SYY	D	0.08%	0.16%	0.08%
T	A	0.5%	0.59%	0.5%
TAP	F	0.14%	0.14%	0.14%
TDY	D	0.25%	0.05%	0.05%
TFX	D	0.04%	0.07%	0.04%
TGT	D	0.16%	0.05%	0.05%
THC	B	0.06%	0.11%	0.06%
THO	D	0.07%	0.05%	0.05%
TKR	D	0.09%	0.22%	0.09%
TPR	B	0.12%	0.05%	0.05%
TROW	B	0.27%	0.07%	0.07%
TRV	D	0.17%	0.06%	0.06%
TSCO	C	0.09%	0.06%	0.06%
TXT	D	0.17%	0.05%	0.05%
UAA	D	0.13%	0.04%	0.04%
UAL	D	0.48%	0.06%	0.06%
UHAL	D	0.25%	0.05%	0.05%
UHS	B	0.14%	0.09%	0.09%
UNH	C	0.09%	0.08%	0.08%
UNM	C	0.18%	0.07%	0.07%
UPS	D	0.17%	0.04%	0.04%
USB	C	0.25%	0.06%	0.06%
USFD	B	0.05%	0.17%	0.05%
UTHR	A	0.26%	0.11%	0.11%
VAC	D	0.06%	0.05%	0.05%
VLO	C	0.43%	0.24%	0.24%
VNO	B	0.04%	0.15%	0.04%
VSCO	F	0.07%	0.05%	0.05%
VTR	A	0.22%	0.17%	0.17%
VTRS	D	0.33%	0.07%	0.07%
VZ	B	0.37%	0.56%	0.37%
WAL	C	0.13%	0.07%	0.07%
WBD	D	0.31%	0.05%	0.05%
WBS	D	0.12%	0.06%	0.06%
WCC	F	0.13%	0.05%	0.05%
WEC	D	0.18%	0.19%	0.18%
WFC	C	0.37%	0.07%	0.07%
WHR	C	0.07%	0.04%	0.04%
WLK	D	0.18%	0.24%	0.18%
WMT	A	0.1%	0.06%	0.06%
WPC	D	0.37%	0.14%	0.14%
WRB	C	0.08%	0.06%	0.06%
WTFC	C	0.13%	0.06%	0.06%
WTM	B	0.23%	0.06%	0.06%
WTRG	C	0.09%	0.22%	0.09%
WU	D	0.12%	0.04%	0.04%
WY	F	0.07%	0.12%	0.07%
XEL	D	0.38%	0.22%	0.22%
XOM	C	0.47%	0.5%	0.47%
ZBH	D	0.16%	0.07%	0.07%
ZION	C	0.14%	0.07%	0.07%
ZM	D	0.17%	0.06%	0.06%

FAB Overweight 304 Positions Relative to EQAL

Symbol	Grade	Weight
TEL	B	0.39%
MATX	A	0.27%
NOG	D	0.23%
KBH	B	0.23%
ESGR	B	0.23%
LBRT	C	0.23%
SM	D	0.23%
GPI	D	0.23%
RDN	B	0.22%
MTH	D	0.22%
CHRD	C	0.22%
ABG	C	0.22%
ESNT	B	0.22%
VAL	B	0.22%
MHO	C	0.21%
WIRE	B	0.21%
JXN	C	0.21%
TMHC	C	0.21%
MTDR	D	0.21%
BTU	F	0.21%
MUR	D	0.21%
CMC	C	0.21%
HP	D	0.2%
ALE	B	0.2%
MLI	C	0.2%
USM	B	0.2%
SANM	B	0.2%
PTEN	D	0.2%
SIG	D	0.2%
POR	C	0.19%
URBN	C	0.19%
COOP	C	0.19%
OGS	C	0.18%
ONB	C	0.18%
TPH	C	0.18%
CADE	C	0.18%
PBF	D	0.18%
MGY	C	0.18%
BKH	C	0.18%
AMKR	B	0.17%
VLY	D	0.16%
TEX	D	0.16%
PRDO	C	0.16%
CRK	C	0.16%
ASO	F	0.15%
RUSHA	F	0.15%
ENS	B	0.15%
REVG	C	0.15%
CNX	C	0.14%
HWC	C	0.14%
PRG	C	0.14%
ABCB	C	0.14%
CALM	B	0.14%
NMIH	A	0.14%
CVI	F	0.14%
LILAK	A	0.14%
INVA	B	0.14%
ABR	B	0.14%
SCHL	D	0.13%
EIG	C	0.13%
CRC	B	0.13%
UFPI	D	0.13%
NWN	F	0.13%
MODG	D	0.13%
ATSG	D	0.13%
FFBC	C	0.13%
DDS	C	0.13%
WMK	D	0.13%
VSH	D	0.13%
AVA	C	0.13%
LZB	B	0.13%
TALO	D	0.12%
GEF	F	0.12%
CASH	B	0.12%
SLVM	B	0.12%
DNOW	C	0.12%
GHC	D	0.12%
IMKTA	F	0.12%
ABM	B	0.12%
ARCH	F	0.12%
TGNA	D	0.12%
JBT	C	0.12%
UVV	D	0.12%
RC	D	0.12%
BANR	B	0.11%
CATY	B	0.11%
AAT	B	0.11%
VBTX	C	0.11%
IBOC	C	0.11%
STBA	B	0.11%
SASR	B	0.11%
DAN	F	0.11%
SEM	B	0.11%
WSFS	A	0.11%
BCC	F	0.11%
DIOD	D	0.11%
HUBG	B	0.11%
HTLD	C	0.11%
CNO	C	0.11%
RLJ	D	0.11%
AX	C	0.11%
GDEN	D	0.11%
BNL	B	0.11%
FULT	C	0.11%
MLKN	C	0.11%
NBHC	A	0.11%
BZH	F	0.11%
GMS	F	0.11%
KN	B	0.11%
MSGE	D	0.1%
INDB	D	0.1%
WERN	D	0.1%
ATKR	D	0.1%
FRME	C	0.1%
OCFC	C	0.1%
KOS	D	0.1%
PFS	D	0.1%
FCF	C	0.1%
GEO	C	0.1%
EFSC	C	0.1%
SAH	D	0.1%
EBC	C	0.1%
SR	C	0.1%
ENVA	C	0.1%
PEBO	C	0.1%
MRTN	C	0.1%
NWE	C	0.1%
HLF	D	0.09%
BECN	D	0.09%
UMBF	C	0.09%
NAVI	D	0.09%
HOMB	C	0.09%
CCS	C	0.09%
PARR	D	0.09%
NHC	A	0.09%
SBH	D	0.09%
SWX	D	0.09%
ALGT	F	0.09%
AMN	F	0.09%
NJR	C	0.09%
REZI	C	0.09%
CUBI	C	0.09%
OEC	F	0.08%
GT	F	0.08%
PFBC	C	0.08%
SRCE	C	0.08%
PNM	D	0.08%
FIBK	C	0.08%
GES	F	0.08%
ASGN	D	0.08%
HPP	F	0.08%
TCBK	B	0.08%
OFG	C	0.08%
RYI	F	0.08%
ODP	D	0.08%
HGV	D	0.08%
BKU	C	0.08%
APOG	C	0.08%
EAT	B	0.08%
SSB	C	0.08%
TRMK	C	0.08%
CTOS	F	0.08%
UBSI	C	0.08%
EQC	B	0.08%
ADNT	F	0.08%
GOGO	D	0.08%
SNEX	C	0.08%
EPC	B	0.08%
CXW	D	0.08%
BXMT	C	0.08%
SSTK	F	0.07%
PRIM	C	0.07%
HTLF	B	0.07%
HELE	F	0.07%
SFNC	C	0.07%
ANDE	D	0.07%
PDCO	D	0.07%
WSBC	C	0.07%
HOPE	C	0.07%
UNF	C	0.07%
CENTA	F	0.07%
BOOT	B	0.07%
WAFD	C	0.07%
FOXF	D	0.07%
BKE	D	0.07%
FHI	C	0.07%
RNST	C	0.07%
SJW	D	0.07%
KMT	F	0.07%
TOWN	C	0.07%
BUSE	C	0.07%
NWBI	B	0.07%
FBP	A	0.06%
XRX	F	0.06%
WGO	F	0.06%
DEA	B	0.06%
NX	F	0.06%
LGND	B	0.06%
PLXS	C	0.06%
MTX	B	0.06%
LGIH	F	0.06%
JBLU	C	0.06%
VCTR	D	0.06%
ECVT	D	0.06%
WOR	F	0.06%
LTH	B	0.06%
MATW	F	0.06%
AVNT	C	0.05%
ZD	C	0.05%
AUB	C	0.05%
PFSI	A	0.05%
NEOG	C	0.05%
NMRK	C	0.05%
SBCF	C	0.05%
PATK	C	0.05%
VRTS	C	0.05%
MCRI	B	0.05%
MMS	B	0.05%
OMCL	F	0.05%
CVBF	C	0.05%
PLUS	C	0.05%
JBGS	B	0.05%
BHLB	C	0.05%
ASB	C	0.05%
WD	B	0.05%
XHR	C	0.05%
HTH	C	0.05%
UCBI	C	0.05%
THS	C	0.05%
LNN	B	0.05%
TCBI	C	0.05%
BLMN	F	0.05%
CNXN	C	0.05%
DEI	C	0.05%
DFIN	D	0.05%
GTY	D	0.05%
TRS	D	0.05%
PCRX	D	0.05%
PSMT	C	0.05%
KALU	D	0.05%
CHGG	F	0.05%
NBTB	B	0.05%
KOP	F	0.05%
BDC	B	0.05%
OI	F	0.04%
SUM	D	0.04%
SKY	F	0.04%
AEO	F	0.04%
BXC	F	0.04%
SIGI	F	0.04%
LANC	C	0.04%
CMCO	F	0.04%
FUL	D	0.04%
FBNC	C	0.04%
GNW	D	0.03%
IBTX	B	0.03%
DORM	B	0.03%
COHU	B	0.03%
HNI	C	0.03%
FBK	C	0.03%
OII	C	0.03%
CPK	C	0.03%
PGRE	D	0.03%
ALEX	B	0.03%
ROG	C	0.03%
LXP	B	0.03%
KFY	B	0.03%
SHOO	B	0.03%
STRA	C	0.03%
B	B	0.03%
NNI	C	0.03%
CTS	B	0.03%
HLIO	D	0.03%
MWA	C	0.03%
CAKE	B	0.03%
CBRL	F	0.03%
ADUS	B	0.03%
AIR	A	0.03%
JELD	D	0.03%
FWRD	D	0.03%
TTMI	B	0.03%
ADV	D	0.02%
ARCB	D	0.02%
ATUS	F	0.02%
CSGS	F	0.02%
PTVE	F	0.02%
DK	D	0.02%
HI	F	0.02%
VICR	F	0.02%
CMTG	D	0.02%
FDP	F	0.02%
CVCO	D	0.02%
PPBI	C	0.02%
KFRC	D	0.02%
APAM	C	0.02%
OXM	D	0.02%
AIN	D	0.02%
ARI	D	0.02%
SCL	C	0.02%
NIC	C	0.02%
SHEN	D	0.02%
NVEE	D	0.02%
CBU	C	0.02%
STC	C	0.02%

FAB Underweight 603 Positions Relative to EQAL

Symbol	Grade	Weight
ANET	A	-0.63%
MSI	A	-0.63%
TMUS	B	-0.59%
LITE	B	-0.55%
JNPR	B	-0.51%
IRDM	F	-0.48%
ROKU	D	-0.47%
FSLR	C	-0.37%
VSAT	F	-0.34%
TPL	B	-0.34%
SCCO	D	-0.31%
AA	C	-0.31%
VST	C	-0.3%
TRGP	A	-0.29%
IFF	B	-0.29%
NEM	B	-0.29%
FCX	D	-0.29%
NRG	C	-0.28%
FTI	C	-0.27%
WMB	A	-0.27%
AM	B	-0.26%
RGLD	C	-0.26%
ESI	B	-0.26%
CLH	B	-0.25%
AVY	C	-0.25%
CEG	C	-0.25%
ECL	B	-0.25%
RBC	C	-0.24%
AES	D	-0.24%
HES	D	-0.24%
VVV	B	-0.23%
SO	B	-0.23%
SMG	D	-0.23%
RUN	D	-0.22%
SLB	D	-0.22%
SRCL	B	-0.22%
SWN	D	-0.22%
LIN	B	-0.22%
WM	A	-0.21%
PPL	D	-0.21%
CC	F	-0.21%
CASY	B	-0.21%
RSG	A	-0.21%
AGR	C	-0.2%
ES	F	-0.2%
FAST	F	-0.2%
PPC	A	-0.2%
FRPT	B	-0.2%
UGI	C	-0.19%
MP	F	-0.19%
CL	B	-0.19%
PM	B	-0.19%
MO	B	-0.19%
HXL	F	-0.19%
NEU	F	-0.19%
MCK	B	-0.19%
PG	C	-0.18%
ALB	F	-0.18%
ENPH	F	-0.18%
TSN	C	-0.18%
KO	A	-0.18%
ESS	B	-0.17%
INGR	D	-0.17%
SAM	C	-0.17%
MKC	D	-0.17%
CHD	C	-0.17%
POST	C	-0.17%
FLO	D	-0.17%
STZ	B	-0.17%
PEP	D	-0.17%
X	D	-0.17%
SJM	F	-0.16%
ADC	B	-0.16%
EXR	B	-0.16%
KVUE	F	-0.16%
UDR	B	-0.16%
OHI	A	-0.16%
DOC	B	-0.16%
IRM	A	-0.16%
WELL	A	-0.16%
ACI	F	-0.16%
AVB	A	-0.16%
CPT	A	-0.16%
NSA	B	-0.16%
LAMR	A	-0.15%
COLD	C	-0.15%
LW	F	-0.15%
BRX	B	-0.15%
SPG	B	-0.15%
AMH	A	-0.15%
NNN	A	-0.15%
REG	B	-0.15%
CLX	D	-0.15%
O	D	-0.15%
CHPT	F	-0.15%
PSA	B	-0.15%
CUBE	B	-0.15%
INVH	A	-0.15%
PFGC	D	-0.15%
PLUG	F	-0.14%
EGP	B	-0.14%
AMT	B	-0.14%
STAG	B	-0.14%
CBRE	B	-0.14%
NFE	D	-0.14%
GLPI	B	-0.14%
VICI	C	-0.14%
DLR	A	-0.14%
MNST	D	-0.14%
FRT	C	-0.14%
ELS	B	-0.14%
EPR	B	-0.14%
REXR	C	-0.13%
PK	C	-0.13%
CCI	C	-0.13%
WBA	F	-0.13%
CSGP	D	-0.13%
HST	D	-0.13%
ALNY	B	-0.13%
SBAC	D	-0.13%
FR	C	-0.13%
SUI	C	-0.13%
Z	C	-0.12%
EQIX	C	-0.12%
PLD	C	-0.12%
CELH	F	-0.11%
SRPT	B	-0.11%
TNDM	D	-0.11%
MRNA	D	-0.11%
NVDA	B	-0.1%
PODD	C	-0.1%
NTRA	B	-0.1%
MU	C	-0.1%
IONS	B	-0.09%
APH	B	-0.09%
NVCR	D	-0.09%
AAPL	B	-0.09%
AGL	D	-0.09%
GDDY	B	-0.09%
DVA	C	-0.09%
ELAN	C	-0.09%
APP	B	-0.09%
MRK	C	-0.09%
HOOD	B	-0.09%
PINS	B	-0.09%
GME	C	-0.09%
HCP	A	-0.09%
VRT	D	-0.09%
ISRG	A	-0.09%
GOOGL	B	-0.09%
AMGN	B	-0.09%
BSX	A	-0.09%
TER	B	-0.09%
LLY	A	-0.09%
VRTX	B	-0.09%
TECH	D	-0.08%
QGEN	D	-0.08%
ZTS	C	-0.08%
STE	C	-0.08%
ICLR	C	-0.08%
MRVI	D	-0.08%
TMO	D	-0.08%
PSTG	B	-0.08%
AMAT	B	-0.08%
NCNO	C	-0.08%
MSFT	B	-0.08%
HOLX	C	-0.08%
COHR	B	-0.08%
ABBV	B	-0.08%
SYK	B	-0.08%
TXN	B	-0.08%
AVGO	C	-0.08%
RMD	D	-0.08%
LNC	B	-0.08%
DOCS	B	-0.08%
KLAC	B	-0.08%
PANW	B	-0.08%
EW	B	-0.08%
LDOS	B	-0.08%
BDX	D	-0.08%
KD	B	-0.08%
VIRT	C	-0.08%
MASI	C	-0.08%
AMED	F	-0.08%
BMRN	C	-0.08%
ADI	B	-0.08%
TYL	A	-0.08%
MEDP	B	-0.08%
CTLT	B	-0.08%
NBIX	C	-0.08%
CRWD	B	-0.08%
EQH	B	-0.08%
GWRE	A	-0.08%
DHR	D	-0.08%
EXEL	B	-0.08%
OLED	A	-0.08%
WDC	B	-0.08%
ORCL	B	-0.08%
NTAP	A	-0.08%
ICE	A	-0.07%
SPOT	B	-0.07%
ACHC	D	-0.07%
AZTA	D	-0.07%
WSM	C	-0.07%
TTD	A	-0.07%
VEEV	F	-0.07%
BX	B	-0.07%
GFS	C	-0.07%
ARES	D	-0.07%
EVR	A	-0.07%
MET	D	-0.07%
PTC	C	-0.07%
ADBE	B	-0.07%
ILMN	F	-0.07%
KMPR	C	-0.07%
TW	C	-0.07%
TFC	C	-0.07%
OWL	C	-0.07%
DLB	D	-0.07%
PFG	D	-0.07%
MCHP	C	-0.07%
IQV	F	-0.07%
ADSK	B	-0.07%
ANSS	D	-0.07%
HUBS	C	-0.07%
NTRS	C	-0.07%
JWN	B	-0.07%
NDAQ	C	-0.07%
IT	B	-0.07%
FCNCA	C	-0.07%
BIO	F	-0.07%
CHE	D	-0.07%
DOCU	D	-0.07%
DDOG	B	-0.07%
QRVO	B	-0.07%
CNA	A	-0.07%
INTU	B	-0.07%
LPLA	B	-0.07%
CHDN	A	-0.07%
DXCM	F	-0.07%
CBSH	C	-0.07%
CMG	C	-0.07%
CDNS	B	-0.07%
NOW	B	-0.07%
MMC	B	-0.07%
ALL	D	-0.07%
AJG	B	-0.07%
DFS	A	-0.07%
SHC	C	-0.07%
JHG	B	-0.07%
UWMC	C	-0.07%
GEHC	D	-0.07%
BK	A	-0.07%
SPGI	B	-0.07%
BRO	B	-0.07%
JPM	A	-0.07%
META	B	-0.07%
HLI	A	-0.07%
SMAR	B	-0.07%
APO	A	-0.07%
AVTR	F	-0.07%
AMP	C	-0.07%
PGR	D	-0.07%
ABT	D	-0.07%
BSY	D	-0.07%
ESTC	B	-0.07%
RCL	A	-0.07%
IDXX	D	-0.07%
SNPS	B	-0.07%
NU	A	-0.07%
RCM	B	-0.07%
OLLI	B	-0.07%
RKT	C	-0.07%
ROP	A	-0.07%
LRCX	B	-0.07%
VOYA	D	-0.07%
MCO	A	-0.07%
RYAN	B	-0.07%
SCHW	C	-0.07%
WOOF	C	-0.07%
WST	D	-0.07%
KBR	C	-0.07%
NATL	B	-0.07%
TOST	B	-0.07%
KKR	B	-0.07%
RPRX	F	-0.07%
CAH	D	-0.07%
A	D	-0.07%
IBKR	B	-0.07%
MPWR	B	-0.07%
CG	C	-0.06%
PEN	D	-0.06%
MMM	B	-0.06%
FLS	C	-0.06%
OKTA	C	-0.06%
CRM	D	-0.06%
WRK	D	-0.06%
VLTO	C	-0.06%
NET	B	-0.06%
YETI	D	-0.06%
LOPE	C	-0.06%
NVT	D	-0.06%
MRVL	C	-0.06%
CERT	D	-0.06%
RL	B	-0.06%
FTNT	D	-0.06%
ROST	B	-0.06%
FICO	A	-0.06%
LII	B	-0.06%
PCOR	D	-0.06%
PWR	C	-0.06%
RBA	B	-0.06%
CW	B	-0.06%
HWM	C	-0.06%
CFLT	C	-0.06%
WAB	D	-0.06%
CSL	C	-0.06%
ON	F	-0.06%
CTAS	B	-0.06%
EA	B	-0.06%
SOFI	D	-0.06%
TDG	C	-0.06%
WDAY	D	-0.06%
GLOB	D	-0.06%
TTEK	C	-0.06%
BRKR	F	-0.06%
TEAM	D	-0.06%
NTNX	D	-0.06%
DECK	B	-0.06%
HLT	A	-0.06%
CGNX	C	-0.06%
TSLA	C	-0.06%
VRSK	A	-0.06%
AMZN	B	-0.06%
EME	C	-0.06%
DOX	D	-0.06%
DASH	D	-0.06%
TT	B	-0.06%
MSCI	F	-0.06%
ARMK	A	-0.06%
WSO	C	-0.06%
CFR	C	-0.06%
FDS	D	-0.06%
COST	B	-0.06%
BURL	B	-0.06%
GNRC	D	-0.06%
CME	D	-0.06%
WWD	C	-0.06%
MTZ	C	-0.06%
PLNT	B	-0.06%
TTWO	B	-0.06%
PLTK	F	-0.06%
COIN	C	-0.06%
ROL	B	-0.06%
HRB	A	-0.06%
CBOE	D	-0.06%
NFLX	B	-0.06%
XRAY	F	-0.06%
TPG	D	-0.06%
IBM	B	-0.06%
FFIV	C	-0.06%
AON	C	-0.06%
MKTX	F	-0.06%
ALGN	F	-0.06%
THG	C	-0.06%
BKNG	A	-0.06%
HEI	B	-0.06%
TDC	D	-0.06%
ALGM	D	-0.06%
CHRW	B	-0.06%
WING	A	-0.06%
NVST	F	-0.06%
MTCH	F	-0.06%
CRL	F	-0.06%
STWD	C	-0.06%
GRMN	B	-0.06%
PRI	B	-0.06%
BHF	D	-0.06%
CCL	B	-0.06%
MANH	B	-0.06%
DAL	D	-0.06%
TXRH	B	-0.06%
BR	C	-0.06%
CDW	D	-0.06%
TWLO	D	-0.06%
ZS	C	-0.06%
BLK	B	-0.06%
DBX	D	-0.06%
WTW	B	-0.06%
MUSA	B	-0.06%
BAX	F	-0.06%
TJX	A	-0.06%
HAS	C	-0.06%
RARE	D	-0.06%
RLI	D	-0.06%
TFSL	C	-0.06%
NYT	A	-0.06%
MORN	C	-0.06%
VRSN	C	-0.06%
VMI	B	-0.06%
ENTG	B	-0.06%
DT	F	-0.06%
PLTR	B	-0.06%
INFA	B	-0.06%
PEGA	C	-0.06%
DPZ	B	-0.06%
BIRK	B	-0.06%
NWL	F	-0.05%
UNP	D	-0.05%
BWXT	B	-0.05%
FND	F	-0.05%
VMC	D	-0.05%
RPM	D	-0.05%
BLD	D	-0.05%
ITW	D	-0.05%
PNR	D	-0.05%
W	D	-0.05%
ROK	D	-0.05%
AWI	D	-0.05%
CPAY	D	-0.05%
VFC	C	-0.05%
MAT	F	-0.05%
AXON	C	-0.05%
AME	D	-0.05%
TPX	D	-0.05%
GWW	D	-0.05%
PCAR	D	-0.05%
PH	C	-0.05%
FIVN	F	-0.05%
ESAB	D	-0.05%
URI	C	-0.05%
NOC	D	-0.05%
BALL	D	-0.05%
LSCC	F	-0.05%
LVS	F	-0.05%
TRU	C	-0.05%
XP	F	-0.05%
AAP	F	-0.05%
ETSY	F	-0.05%
SBUX	F	-0.05%
KNSL	F	-0.05%
MAN	F	-0.05%
WYNN	D	-0.05%
AOS	D	-0.05%
JKHY	B	-0.05%
CAT	C	-0.05%
EEFT	D	-0.05%
GE	D	-0.05%
S	D	-0.05%
HUBB	D	-0.05%
RBLX	B	-0.05%
MCD	D	-0.05%
MKSI	B	-0.05%
KMX	B	-0.05%
DRI	C	-0.05%
WMS	D	-0.05%
MA	D	-0.05%
DCI	D	-0.05%
EMR	C	-0.05%
DKNG	D	-0.05%
LYV	C	-0.05%
MCW	C	-0.05%
HD	B	-0.05%
BFAM	C	-0.05%
UBER	B	-0.05%
ACM	D	-0.05%
OTIS	B	-0.05%
IR	C	-0.05%
V	D	-0.05%
CNM	D	-0.05%
FTRE	D	-0.05%
ALSN	C	-0.05%
GNTX	D	-0.05%
ATR	D	-0.05%
RIVN	C	-0.05%
ITT	C	-0.05%
WEN	F	-0.05%
AZO	B	-0.05%
ABNB	C	-0.05%
GPK	D	-0.05%
RGEN	D	-0.05%
GTES	D	-0.05%
MSA	B	-0.05%
DIS	D	-0.05%
ADP	D	-0.05%
NCLH	B	-0.05%
SNOW	D	-0.05%
GTLB	D	-0.05%
TTC	B	-0.05%
PARA	D	-0.05%
TDOC	F	-0.05%
PAYX	D	-0.05%
AXP	C	-0.05%
ZI	F	-0.05%
YUM	D	-0.05%
AXTA	D	-0.05%
DAY	F	-0.05%
MGM	B	-0.05%
FCN	C	-0.05%
NVR	C	-0.05%
APLS	F	-0.05%
WH	C	-0.05%
AMCR	C	-0.05%
H	B	-0.05%
AMD	B	-0.05%
AMC	D	-0.05%
WOLF	F	-0.05%
TOL	D	-0.05%
HON	B	-0.05%
ZBRA	C	-0.05%
BAH	B	-0.05%
PHM	D	-0.05%
ST	D	-0.05%
CMI	D	-0.05%
EXPE	C	-0.05%
SCI	B	-0.05%
INSP	F	-0.05%
MTD	B	-0.05%
ORLY	B	-0.05%
ETN	D	-0.05%
CARR	B	-0.05%
CR	B	-0.05%
XYL	C	-0.05%
PAYC	F	-0.05%
RNG	D	-0.05%
AKAM	F	-0.05%
FIS	B	-0.05%
MAR	B	-0.05%
TNL	B	-0.05%
EXAS	F	-0.05%
CHH	B	-0.05%
CPRT	C	-0.05%
MSGS	C	-0.05%
CLVT	D	-0.05%
PATH	F	-0.04%
LECO	D	-0.04%
TRIP	D	-0.04%
BILL	F	-0.04%
ULTA	F	-0.04%
CPRI	D	-0.04%
LULU	F	-0.04%
PCTY	F	-0.04%
MDB	F	-0.04%
WEX	D	-0.04%
SITE	F	-0.04%
DLTR	F	-0.04%
TXG	F	-0.04%
SAIA	B	-0.04%
TREX	F	-0.04%
PTON	D	-0.04%
ODFL	D	-0.04%
MSM	D	-0.04%
ACN	D	-0.04%
WAT	F	-0.04%
U	F	-0.04%
RRX	F	-0.04%
LYFT	D	-0.04%
AAL	F	-0.04%
XPO	D	-0.04%
EXP	D	-0.04%
BA	D	-0.04%
DV	F	-0.04%
WSC	F	-0.04%
FOUR	B	-0.04%
SQ	D	-0.04%
NSC	F	-0.04%
IEX	D	-0.04%
CNH	F	-0.04%
LCID	F	-0.04%
AZEK	D	-0.04%
EL	F	-0.04%
PYCR	F	-0.04%
GGG	D	-0.04%
MAS	D	-0.04%
SHW	D	-0.04%
MTN	D	-0.04%
NDSN	D	-0.04%
HAYW	F	-0.04%
FTV	D	-0.04%
AFRM	F	-0.04%
RH	D	-0.04%
CSX	C	-0.04%
DRVN	D	-0.04%
COTY	D	-0.04%
KEYS	D	-0.04%
MHK	C	-0.04%
MLM	D	-0.04%
EFX	B	-0.04%
QS	F	-0.04%
VNT	D	-0.04%
ALLE	C	-0.04%
MRCY	F	-0.04%
TRMB	C	-0.04%
SPR	B	-0.04%
SWK	F	-0.04%
FIVE	F	-0.03%
LEG	F	-0.03%
VSTS	D	-0.03%
SIRI	F	-0.03%
BLDR	F	-0.03%
DNA	F	-0.02%
SOLV	F	-0.01%
GEV	B	-0.01%