FAB vs. ESML ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to iShares MSCI USA Small-Cap ESG Optimized ETF (ESML)

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

$86.79

Average Daily Volume

2,797

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

ESML

iShares MSCI USA Small-Cap ESG Optimized ETF

ESML Description

The investment seeks to track the investment results of the MSCI USA Small Cap Extended ESG Focus Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index is an optimized equity index designed to produce investment results comparable to the MSCI USA Small Cap Index (the "parent index"), while reflecting a higher allocation than that of the parent index to U.S. small-capitalization companies with favorable ESG profiles. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.43

Average Daily Volume

103,565

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

Performance

Period	FAB	ESML
30 Days	1.10%	1.19%
60 Days	4.30%	6.06%
90 Days	6.16%	11.14%
12 Months	25.17%	30.32%

263 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in ESML	Overlap
AAP	D	0.18%	0.06%	0.06%
ABCB	A	0.1%	0.11%	0.1%
ABG	A	0.14%	0.12%	0.12%
ABM	B	0.05%	0.09%	0.05%
ACA	B	0.09%	0.14%	0.09%
AEO	F	0.11%	0.08%	0.08%
AGCO	D	0.08%	0.13%	0.08%
AGO	A	0.25%	0.06%	0.06%
AIR	B	0.03%	0.06%	0.03%
AL	A	0.23%	0.1%	0.1%
ALG	B	0.08%	0.08%	0.08%
ALK	A	0.15%	0.23%	0.15%
ALKS	B	0.09%	0.1%	0.09%
AMG	A	0.23%	0.19%	0.19%
AMN	F	0.06%	0.04%	0.04%
AMWD	B	0.1%	0.08%	0.08%
AN	D	0.12%	0.07%	0.07%
ANDE	C	0.09%	0.06%	0.06%
AR	B	0.09%	0.22%	0.09%
ARCB	C	0.08%	0.05%	0.05%
ARW	D	0.15%	0.09%	0.09%
ASB	A	0.06%	0.17%	0.06%
ASGN	D	0.08%	0.14%	0.08%
ASH	F	0.12%	0.04%	0.04%
ATKR	C	0.23%	0.09%	0.09%
AUB	A	0.05%	0.11%	0.05%
AVA	C	0.12%	0.19%	0.12%
AVNT	A	0.04%	0.07%	0.04%
AVT	C	0.17%	0.27%	0.17%
AXS	A	0.14%	0.19%	0.14%
BANR	A	0.09%	0.18%	0.09%
BC	D	0.12%	0.07%	0.07%
BCC	B	0.17%	0.16%	0.16%
BECN	B	0.1%	0.14%	0.1%
BERY	D	0.14%	0.17%	0.14%
BHE	B	0.05%	0.16%	0.05%
BHLB	A	0.03%	0.2%	0.03%
BJ	B	0.05%	0.25%	0.05%
BKU	A	0.08%	0.06%	0.06%
BNL	D	0.09%	0.05%	0.05%
BPOP	C	0.04%	0.08%	0.04%
BWA	A	0.2%	0.18%	0.18%
BYD	A	0.15%	0.06%	0.06%
CABO	B	0.14%	0.13%	0.13%
CADE	A	0.21%	0.15%	0.15%
CAL	D	0.11%	0.04%	0.04%
CAR	C	0.06%	0.06%	0.06%
CBU	A	0.03%	0.06%	0.03%
CC	C	0.02%	0.05%	0.02%
CCS	F	0.11%	0.06%	0.06%
CIVI	F	0.22%	0.05%	0.05%
CLF	F	0.15%	0.06%	0.06%
CMA	A	0.1%	0.21%	0.1%
CMC	B	0.23%	0.22%	0.22%
CMCO	C	0.1%	0.06%	0.06%
CNMD	C	0.02%	0.05%	0.02%
CNO	A	0.19%	0.2%	0.19%
CNX	A	0.25%	0.28%	0.25%
CNXC	F	0.17%	0.03%	0.03%
COLB	A	0.15%	0.13%	0.13%
COLM	B	0.09%	0.07%	0.07%
COOP	B	0.18%	0.05%	0.05%
CRC	B	0.1%	0.1%	0.1%
CRI	D	0.06%	0.04%	0.04%
CSGS	A	0.06%	0.11%	0.06%
CUBI	B	0.15%	0.05%	0.05%
CUZ	B	0.09%	0.21%	0.09%
CVBF	A	0.09%	0.12%	0.09%
CWEN	D	0.02%	0.07%	0.02%
CWEN	D	0.02%	0.05%	0.02%
CZR	F	0.04%	0.14%	0.04%
DAR	B	0.19%	0.19%	0.19%
DEA	D	0.05%	0.07%	0.05%
DEI	B	0.03%	0.02%	0.02%
DFIN	D	0.05%	0.12%	0.05%
DK	D	0.05%	0.04%	0.04%
DNOW	A	0.14%	0.05%	0.05%
DXC	C	0.18%	0.11%	0.11%
EFSC	A	0.08%	0.11%	0.08%
ENOV	C	0.05%	0.08%	0.05%
EPC	F	0.12%	0.04%	0.04%
ESNT	D	0.19%	0.07%	0.07%
FAF	C	0.04%	0.16%	0.04%
FELE	B	0.04%	0.22%	0.04%
FFBC	A	0.11%	0.05%	0.05%
FHN	A	0.17%	0.23%	0.17%
FIBK	A	0.08%	0.15%	0.08%
FIVE	F	0.09%	0.1%	0.09%
FLR	B	0.05%	0.1%	0.05%
FMC	F	0.18%	0.14%	0.14%
FOXF	F	0.04%	0.04%	0.04%
FUL	F	0.04%	0.1%	0.04%
FULT	A	0.08%	0.12%	0.08%
GBX	A	0.16%	0.07%	0.07%
GEF	A	0.13%	0.05%	0.05%
GEF	A	0.13%	0.05%	0.05%
GL	B	0.13%	0.12%	0.12%
GO	C	0.05%	0.05%	0.05%
GOGO	C	0.06%	0.05%	0.05%
GPI	A	0.18%	0.19%	0.18%
GPRE	F	0.02%	0.04%	0.02%
GRBK	D	0.06%	0.04%	0.04%
GT	C	0.13%	0.07%	0.07%
GXO	B	0.05%	0.16%	0.05%
HAYW	A	0.03%	0.05%	0.03%
HCC	B	0.22%	0.05%	0.05%
HELE	C	0.13%	0.06%	0.06%
HGV	B	0.1%	0.07%	0.07%
HIW	D	0.09%	0.13%	0.09%
HOG	D	0.18%	0.2%	0.18%
HRI	B	0.18%	0.24%	0.18%
HWC	A	0.1%	0.09%	0.09%
IART	C	0.13%	0.05%	0.05%
INDB	A	0.12%	0.08%	0.08%
INGR	B	0.14%	0.42%	0.14%
IOSP	C	0.05%	0.08%	0.05%
IVZ	B	0.04%	0.24%	0.04%
JAZZ	A	0.19%	0.16%	0.16%
JBGS	D	0.02%	0.05%	0.02%
JBT	B	0.15%	0.08%	0.08%
JEF	A	0.05%	0.11%	0.05%
JWN	A	0.09%	0.06%	0.06%
JXN	B	0.24%	0.14%	0.14%
KAR	A	0.06%	0.11%	0.06%
KBH	D	0.16%	0.2%	0.16%
KFY	B	0.09%	0.09%	0.09%
KLG	F	0.07%	0.05%	0.05%
KOS	D	0.13%	0.12%	0.12%
KRC	C	0.18%	0.11%	0.11%
KSS	F	0.11%	0.05%	0.05%
LAD	A	0.2%	0.22%	0.2%
LBRDK	B	0.2%	0.07%	0.07%
LCII	D	0.05%	0.1%	0.05%
LEA	F	0.19%	0.1%	0.1%
LFUS	D	0.04%	0.14%	0.04%
LNC	A	0.19%	0.09%	0.09%
LNN	B	0.05%	0.08%	0.05%
LPX	A	0.09%	0.17%	0.09%
LSTR	D	0.04%	0.21%	0.04%
LXP	D	0.02%	0.06%	0.02%
M	C	0.17%	0.13%	0.13%
MAT	C	0.04%	0.13%	0.04%
MDU	D	0.16%	0.18%	0.16%
MHO	D	0.19%	0.05%	0.05%
MLKN	F	0.1%	0.04%	0.04%
MMS	D	0.07%	0.04%	0.04%
MODG	F	0.08%	0.05%	0.05%
MRC	B	0.11%	0.05%	0.05%
MTG	C	0.21%	0.23%	0.21%
MTH	D	0.19%	0.17%	0.17%
MTRN	C	0.03%	0.06%	0.03%
MTX	B	0.05%	0.12%	0.05%
MUR	F	0.21%	0.13%	0.13%
MUSA	A	0.05%	0.34%	0.05%
MYRG	B	0.04%	0.16%	0.04%
NBTB	A	0.03%	0.06%	0.03%
NFG	A	0.17%	0.2%	0.17%
NJR	A	0.04%	0.21%	0.04%
NOV	D	0.22%	0.15%	0.15%
NWN	A	0.1%	0.07%	0.07%
NXST	D	0.13%	0.09%	0.09%
OGN	F	0.1%	0.09%	0.09%
OGS	A	0.13%	0.31%	0.13%
OMF	A	0.15%	0.2%	0.15%
OMI	F	0.06%	0.04%	0.04%
OPCH	F	0.03%	0.09%	0.03%
ORI	A	0.09%	0.13%	0.09%
OSK	C	0.24%	0.3%	0.24%
OZK	A	0.19%	0.14%	0.14%
PBF	D	0.22%	0.06%	0.06%
PDCO	F	0.09%	0.13%	0.09%
PEB	F	0.07%	0.06%	0.06%
PFS	A	0.03%	0.05%	0.03%
PGRE	C	0.02%	0.05%	0.02%
PINC	B	0.14%	0.14%	0.14%
PK	C	0.13%	0.06%	0.06%
PLUS	F	0.02%	0.06%	0.02%
PLYA	A	0.09%	0.08%	0.08%
PNFP	A	0.05%	0.3%	0.05%
POST	D	0.12%	0.09%	0.09%
PPBI	A	0.03%	0.06%	0.03%
PRG	A	0.1%	0.05%	0.05%
PRGO	C	0.04%	0.07%	0.04%
PSMT	D	0.05%	0.05%	0.05%
PTEN	D	0.23%	0.04%	0.04%
PVH	C	0.22%	0.16%	0.16%
R	A	0.2%	0.29%	0.2%
RDN	C	0.21%	0.09%	0.09%
REZI	A	0.13%	0.23%	0.13%
RGA	A	0.18%	0.3%	0.18%
RHI	B	0.05%	0.21%	0.05%
RNR	D	0.2%	0.24%	0.2%
RNST	A	0.08%	0.08%	0.08%
ROCK	C	0.05%	0.06%	0.05%
ROG	D	0.05%	0.07%	0.05%
RRC	B	0.19%	0.25%	0.19%
RUSHA	B	0.2%	0.05%	0.05%
RYN	D	0.04%	0.05%	0.04%
SASR	A	0.09%	0.08%	0.08%
SBH	A	0.1%	0.05%	0.05%
SCL	D	0.05%	0.1%	0.05%
SEE	B	0.04%	0.07%	0.04%
SEM	B	0.05%	0.07%	0.05%
SHOO	D	0.02%	0.11%	0.02%
SIG	B	0.16%	0.1%	0.1%
SJW	F	0.07%	0.09%	0.07%
SKY	A	0.04%	0.05%	0.04%
SLM	A	0.09%	0.16%	0.09%
SM	C	0.24%	0.06%	0.06%
SNDR	B	0.08%	0.19%	0.08%
SNX	D	0.12%	0.08%	0.08%
SON	D	0.12%	0.11%	0.11%
SPB	C	0.07%	0.08%	0.07%
SR	A	0.17%	0.14%	0.14%
SSB	A	0.05%	0.27%	0.05%
STC	A	0.02%	0.08%	0.02%
STWD	D	0.04%	0.1%	0.04%
SUM	B	0.16%	0.28%	0.16%
SWX	A	0.13%	0.13%	0.13%
TALO	C	0.14%	0.06%	0.06%
TDS	B	0.13%	0.08%	0.08%
TEX	D	0.21%	0.08%	0.08%
TGNA	B	0.14%	0.2%	0.14%
THO	B	0.13%	0.12%	0.12%
THRM	F	0.05%	0.05%	0.05%
TMHC	B	0.22%	0.17%	0.17%
TNET	F	0.09%	0.08%	0.08%
TOL	B	0.43%	0.27%	0.27%
TPH	D	0.2%	0.14%	0.14%
TPR	A	0.05%	0.29%	0.05%
UBSI	A	0.1%	0.17%	0.1%
UCB	A	0.05%	0.04%	0.04%
UGI	C	0.2%	0.24%	0.2%
UMBF	A	0.05%	0.27%	0.05%
UNM	A	0.21%	0.25%	0.21%
UPBD	B	0.02%	0.06%	0.02%
VAC	B	0.13%	0.08%	0.08%
VBTX	A	0.08%	0.06%	0.06%
VC	F	0.12%	0.1%	0.1%
VLY	A	0.14%	0.15%	0.14%
VNT	C	0.1%	0.15%	0.1%
VOYA	A	0.04%	0.16%	0.04%
VRTS	A	0.08%	0.06%	0.06%
VSAT	F	0.06%	0.02%	0.02%
VSCO	A	0.1%	0.07%	0.07%
VSTS	F	0.09%	0.05%	0.05%
WAL	A	0.05%	0.22%	0.05%
WBS	A	0.17%	0.27%	0.17%
WCC	A	0.16%	0.24%	0.16%
WD	D	0.04%	0.06%	0.04%
WERN	B	0.08%	0.12%	0.08%
WGO	B	0.08%	0.12%	0.08%
WHR	A	0.14%	0.2%	0.14%
WKC	C	0.11%	0.05%	0.05%
WTFC	A	0.1%	0.07%	0.07%
WTS	A	0.04%	0.21%	0.04%
WU	F	0.11%	0.07%	0.07%
XHR	B	0.07%	0.07%	0.07%
XPEL	B	0.03%	0.05%	0.03%
XRX	F	0.08%	0.04%	0.04%
YETI	F	0.05%	0.12%	0.05%
ZD	B	0.12%	0.08%	0.08%
ZION	A	0.16%	0.2%	0.16%

FAB Overweight 404 Positions Relative to ESML

Symbol	Grade	Weight
UAL	A	0.7%
SYF	A	0.57%
DAL	A	0.56%
GM	A	0.56%
PCAR	B	0.51%
FOXA	A	0.49%
STLD	B	0.48%
CVX	A	0.48%
CINF	A	0.48%
TROW	A	0.48%
EOG	A	0.48%
RS	B	0.47%
COP	C	0.47%
HPE	B	0.46%
F	C	0.46%
CTRA	A	0.46%
XOM	B	0.45%
WFC	A	0.45%
AIG	B	0.45%
HAL	C	0.45%
VLO	C	0.45%
CMCSA	B	0.45%
DVN	F	0.44%
T	A	0.44%
NUE	D	0.43%
COF	A	0.43%
OXY	F	0.43%
PSX	C	0.43%
HBAN	A	0.42%
KMI	A	0.42%
MPC	D	0.42%
EG	D	0.41%
EQT	A	0.41%
LNG	A	0.41%
LEN	D	0.4%
CFG	A	0.4%
BG	D	0.4%
OC	A	0.39%
ETR	A	0.39%
PHM	D	0.39%
LYB	F	0.38%
SRE	A	0.38%
VTRS	A	0.38%
C	A	0.38%
CVS	F	0.38%
ADM	D	0.38%
CTSH	B	0.37%
CRBG	B	0.37%
L	A	0.37%
XEL	A	0.37%
FANG	D	0.37%
INTC	C	0.37%
FDX	A	0.37%
ALLY	C	0.36%
CNP	A	0.36%
AEE	A	0.36%
KR	B	0.36%
SLB	C	0.36%
ATO	A	0.36%
HIG	C	0.35%
CB	C	0.35%
CF	A	0.35%
ZBH	C	0.35%
APTV	F	0.33%
EXC	C	0.33%
SNA	A	0.32%
VZ	C	0.32%
DG	F	0.32%
ED	D	0.32%
ON	F	0.32%
MS	A	0.32%
MTB	A	0.31%
CHTR	B	0.31%
BAC	A	0.3%
SWKS	F	0.3%
IP	A	0.3%
DHI	D	0.3%
BKR	A	0.3%
RF	A	0.29%
TDY	B	0.28%
LUV	A	0.28%
TRV	A	0.28%
USB	B	0.28%
FITB	A	0.28%
NI	A	0.27%
STT	A	0.27%
CNC	F	0.27%
PPL	A	0.26%
MTDR	C	0.26%
DGX	A	0.26%
TXT	D	0.25%
D	C	0.25%
NOG	A	0.25%
LNT	A	0.25%
AFL	C	0.25%
EQR	C	0.25%
ULTA	D	0.25%
TGT	D	0.25%
OVV	C	0.25%
DTE	C	0.24%
CE	F	0.24%
BLDR	D	0.24%
HP	C	0.24%
DE	D	0.24%
EBAY	D	0.24%
HRL	D	0.24%
DUK	C	0.24%
SYY	D	0.24%
BBY	C	0.23%
STX	D	0.23%
RJF	A	0.23%
KHC	F	0.23%
AEP	C	0.23%
TAP	A	0.23%
AMR	C	0.22%
CHRD	F	0.22%
BIIB	F	0.22%
NFE	F	0.22%
URBN	C	0.22%
AKAM	F	0.22%
DINO	D	0.21%
OKE	A	0.21%
ZM	B	0.21%
DOW	F	0.21%
CXW	B	0.21%
LBRT	F	0.2%
PNC	A	0.2%
DIS	A	0.2%
G	A	0.2%
RIOT	B	0.2%
MATX	B	0.2%
APA	F	0.2%
KEY	A	0.2%
KIM	A	0.19%
JBHT	B	0.19%
TSN	A	0.19%
CSCO	B	0.19%
NWSA	B	0.19%
PKG	B	0.19%
MGY	A	0.19%
DDS	B	0.19%
OTTR	C	0.18%
GBDC	A	0.18%
BKH	A	0.18%
PNW	A	0.18%
HPQ	B	0.18%
ADTN	A	0.18%
DRI	B	0.18%
CSX	B	0.18%
PRU	A	0.18%
ASO	F	0.18%
BEN	C	0.18%
POR	D	0.17%
CMS	C	0.17%
NVR	D	0.17%
SOLV	C	0.17%
BBWI	C	0.17%
MOS	D	0.17%
HST	D	0.17%
FNF	C	0.17%
EVRG	A	0.17%
WEC	A	0.17%
SSNC	D	0.17%
MOH	F	0.16%
KDP	D	0.16%
HUM	F	0.16%
ARE	D	0.16%
BMBL	C	0.16%
FE	C	0.16%
DOC	D	0.16%
CARR	D	0.16%
PPG	F	0.16%
HSY	F	0.16%
JNJ	D	0.16%
EIX	C	0.16%
AMKR	F	0.15%
SANM	B	0.15%
CTOS	B	0.15%
ECVT	C	0.15%
WLK	F	0.15%
BFH	A	0.15%
FNB	A	0.15%
UHS	D	0.15%
GIS	D	0.15%
HTZ	C	0.15%
GPC	D	0.15%
RIG	D	0.14%
ELV	F	0.14%
KMT	B	0.14%
EIG	A	0.14%
JBL	C	0.14%
ULH	B	0.14%
GMS	A	0.14%
VTLE	C	0.14%
LKQ	D	0.13%
GIII	D	0.13%
WS	B	0.13%
BTU	B	0.13%
CRGY	A	0.13%
SPNT	A	0.13%
PAG	B	0.13%
APLE	B	0.13%
RLJ	C	0.13%
GPOR	A	0.13%
OGE	A	0.13%
RES	F	0.12%
EMN	C	0.12%
BY	A	0.12%
PEBO	A	0.12%
PRDO	B	0.12%
SJM	F	0.12%
TRMK	A	0.12%
IMKTA	C	0.12%
SHO	D	0.12%
ENS	D	0.12%
PARR	D	0.12%
PLAB	D	0.12%
INVA	C	0.12%
UVV	B	0.12%
VSH	F	0.11%
WMK	B	0.11%
SEB	F	0.11%
SAH	A	0.11%
DBRG	D	0.11%
USM	B	0.11%
PHIN	A	0.11%
EBC	A	0.11%
OLN	F	0.11%
GHC	A	0.11%
FOR	F	0.11%
NWE	C	0.1%
HII	F	0.1%
CMI	A	0.1%
ODFL	B	0.1%
ABR	C	0.1%
OEC	C	0.1%
NAVI	D	0.1%
IDA	A	0.1%
PB	A	0.1%
EQC	A	0.1%
LZB	A	0.1%
BV	C	0.1%
CENTA	C	0.1%
LADR	A	0.1%
GEO	A	0.1%
CVI	D	0.1%
SEIC	A	0.1%
SCSC	B	0.1%
HOV	F	0.1%
DRH	B	0.1%
PII	F	0.1%
GES	F	0.1%
MLI	B	0.1%
HD	A	0.09%
FRME	A	0.09%
WTRG	C	0.09%
PFG	C	0.09%
MSM	C	0.09%
CRL	D	0.09%
PFBC	A	0.09%
OMC	C	0.09%
CLX	A	0.09%
SBUX	A	0.09%
UFPI	C	0.09%
ACN	C	0.09%
WSBC	A	0.09%
CATY	A	0.09%
CRK	A	0.09%
SLGN	B	0.09%
CASH	A	0.09%
LHX	B	0.09%
KNX	B	0.09%
WRB	A	0.09%
ADNT	F	0.09%
PNM	B	0.09%
APD	A	0.09%
LH	B	0.09%
IEX	B	0.09%
J	D	0.09%
AIZ	A	0.09%
PYPL	A	0.09%
BOKF	A	0.09%
BUSE	A	0.08%
MDLZ	F	0.08%
WPC	D	0.08%
TKR	F	0.08%
AWK	C	0.08%
REYN	D	0.08%
MCRI	A	0.08%
CPB	D	0.08%
WY	D	0.08%
PTVE	C	0.08%
LMT	D	0.08%
EXPD	D	0.08%
DAN	F	0.08%
HOPE	A	0.08%
SKX	D	0.08%
DD	D	0.08%
CI	D	0.08%
IPG	F	0.08%
FCF	A	0.08%
SRCE	A	0.08%
MAS	D	0.08%
HUBG	A	0.08%
NX	C	0.08%
LAUR	A	0.08%
HOLX	D	0.08%
BKE	A	0.08%
MDT	D	0.08%
FTV	D	0.08%
TCBK	A	0.08%
KALU	C	0.08%
KEYS	C	0.08%
GD	D	0.08%
WSFS	A	0.08%
PEP	F	0.08%
HY	F	0.08%
UPS	C	0.08%
CTVA	D	0.08%
NDSN	B	0.08%
SFNC	B	0.08%
MIDD	D	0.08%
MAA	A	0.08%
LOW	A	0.08%
TTMI	B	0.07%
LC	B	0.07%
LILAK	F	0.07%
MRTN	C	0.07%
CAG	F	0.07%
UNF	A	0.07%
NKE	D	0.07%
IPGP	D	0.07%
DIOD	F	0.07%
UHAL	D	0.07%
SBCF	A	0.06%
FBNC	A	0.06%
FHI	A	0.06%
PBH	A	0.06%
DFH	F	0.06%
NIC	A	0.06%
SNEX	A	0.06%
HMN	A	0.06%
FHB	A	0.06%
SCVL	F	0.06%
SSTK	F	0.06%
LGIH	F	0.06%
AFG	A	0.05%
PATK	C	0.05%
ALIT	C	0.05%
DNB	B	0.05%
SHEN	F	0.05%
PFGC	B	0.05%
SYNA	C	0.05%
OFG	B	0.05%
CXT	D	0.05%
ARI	D	0.05%
ALEX	B	0.05%
KWR	C	0.05%
HTH	B	0.05%
STBA	A	0.05%
WAFD	A	0.05%
TOWN	A	0.05%
EPAM	B	0.05%
HLF	C	0.05%
NWBI	A	0.05%
UPWK	B	0.04%
FBIN	D	0.04%
NSP	F	0.04%
IAC	D	0.04%
HSIC	D	0.04%
AVNS	F	0.04%
TTC	D	0.04%
MGM	D	0.04%
ODP	F	0.04%
SAFT	A	0.03%
HLIO	B	0.03%
GNW	A	0.03%
IVT	B	0.03%
CVCO	A	0.03%
ROIC	A	0.03%
SAM	B	0.03%
FDP	A	0.03%
BHF	A	0.03%
FBK	A	0.03%
MCW	B	0.03%
MGPI	D	0.03%
TCBI	A	0.03%
OLPX	D	0.02%
BLMN	F	0.02%
GIC	F	0.02%
OXM	F	0.02%
AIN	C	0.02%
MSGE	D	0.02%
RC	F	0.02%
CMTG	D	0.02%
SHLS	F	0.02%
CNXN	D	0.02%
NVEE	F	0.02%
KFRC	D	0.02%
NNI	C	0.02%
NMRK	B	0.02%
OI	C	0.02%
MSEX	B	0.02%
EVTC	C	0.02%

FAB Underweight 641 Positions Relative to ESML

Symbol	Grade	Weight
CASY	B	-0.52%
JHG	A	-0.51%
USFD	B	-0.49%
CVNA	A	-0.48%
SFM	A	-0.43%
GWRE	B	-0.43%
EWBC	A	-0.4%
FIX	A	-0.38%
NTNX	A	-0.36%
KBR	D	-0.35%
FTI	A	-0.35%
AYI	A	-0.34%
JLL	C	-0.34%
FLEX	B	-0.33%
XPO	B	-0.33%
IBKR	A	-0.32%
FRT	B	-0.31%
REXR	F	-0.31%
NTRA	B	-0.31%
GBCI	A	-0.3%
BWXT	A	-0.3%
BMI	B	-0.3%
SNV	A	-0.3%
SIGI	A	-0.29%
EHC	B	-0.29%
RGLD	C	-0.29%
DTM	A	-0.28%
COHR	B	-0.28%
SAIA	B	-0.28%
ITT	A	-0.28%
SCI	B	-0.27%
AXTA	A	-0.27%
BLD	F	-0.26%
GPK	D	-0.26%
ALSN	B	-0.26%
MWA	A	-0.25%
WEX	F	-0.25%
DCI	B	-0.25%
AAON	A	-0.25%
PRGS	B	-0.24%
FTAI	A	-0.24%
MOG.A	B	-0.24%
ATR	B	-0.24%
NCLH	B	-0.24%
AFRM	A	-0.23%
CBSH	A	-0.23%
ARMK	C	-0.23%
PRI	A	-0.23%
AWI	A	-0.23%
EXLS	B	-0.23%
CW	B	-0.23%
THC	C	-0.23%
SOFI	A	-0.22%
FTDR	B	-0.22%
CNM	F	-0.22%
GNRC	B	-0.22%
CVLT	B	-0.22%
EGP	D	-0.21%
CDP	C	-0.21%
CACI	C	-0.21%
WMS	F	-0.21%
INSM	D	-0.21%
PCVX	D	-0.21%
ONTO	F	-0.21%
GME	C	-0.21%
ITRI	B	-0.2%
FND	F	-0.2%
LECO	C	-0.2%
BDC	B	-0.2%
KNSL	C	-0.2%
FBP	A	-0.2%
PLNT	A	-0.2%
MTN	C	-0.2%
CUBE	C	-0.2%
PCTY	B	-0.2%
ENSG	D	-0.2%
RLI	A	-0.2%
HHH	B	-0.2%
WK	B	-0.2%
BFAM	F	-0.2%
ZWS	B	-0.2%
PR	C	-0.19%
WING	F	-0.19%
CIEN	B	-0.19%
FCN	F	-0.19%
LUMN	C	-0.19%
HAS	D	-0.19%
ONB	B	-0.19%
HRB	D	-0.19%
LNW	D	-0.19%
OHI	C	-0.19%
FRPT	B	-0.19%
AA	A	-0.19%
NOVT	D	-0.19%
RHP	B	-0.19%
WWD	B	-0.19%
CR	A	-0.19%
NVT	B	-0.19%
SF	A	-0.18%
SRPT	F	-0.18%
NYT	D	-0.18%
SPXC	A	-0.18%
THG	A	-0.18%
GKOS	B	-0.18%
KNTK	A	-0.18%
MORN	B	-0.18%
DUOL	B	-0.18%
EPRT	C	-0.18%
VFC	B	-0.18%
ENLC	A	-0.18%
AEIS	B	-0.17%
LAZ	B	-0.17%
CHX	C	-0.17%
FN	C	-0.17%
PCH	D	-0.17%
PCOR	B	-0.17%
PEN	B	-0.17%
ESTC	C	-0.17%
PLXS	B	-0.17%
VVV	B	-0.17%
MSA	D	-0.17%
GATX	A	-0.17%
WSC	F	-0.17%
MTZ	B	-0.17%
KTB	A	-0.16%
DLB	D	-0.16%
RGEN	D	-0.16%
BRX	A	-0.16%
DBX	C	-0.16%
TTEK	D	-0.16%
EAT	A	-0.16%
HQY	A	-0.16%
TNL	A	-0.16%
SPSC	D	-0.16%
TKO	C	-0.16%
ACIW	B	-0.16%
SITE	D	-0.16%
FLS	A	-0.16%
ELAN	C	-0.16%
CFLT	C	-0.15%
ECG	D	-0.15%
WH	A	-0.15%
MEDP	D	-0.15%
CRUS	F	-0.15%
CROX	F	-0.15%
CPF	A	-0.15%
MMSI	A	-0.15%
FSS	C	-0.15%
ANF	C	-0.15%
AM	A	-0.15%
CRS	A	-0.15%
LSCC	D	-0.15%
RRX	B	-0.15%
HNI	A	-0.15%
ITCI	B	-0.15%
MOD	C	-0.15%
WFRD	F	-0.15%
GTLB	B	-0.15%
HXL	F	-0.14%
X	D	-0.14%
CHDN	C	-0.14%
GTLS	A	-0.14%
ESI	B	-0.14%
CHE	D	-0.14%
RYAN	A	-0.14%
SMAR	A	-0.14%
PRIM	A	-0.14%
ALTR	B	-0.14%
RMBS	C	-0.14%
MKSI	D	-0.14%
IBCP	A	-0.14%
BILL	A	-0.14%
IDCC	A	-0.14%
TPX	A	-0.14%
ATI	D	-0.14%
NSIT	F	-0.13%
AVAV	C	-0.13%
HESM	C	-0.13%
BRKR	F	-0.13%
EPAC	B	-0.13%
CAVA	B	-0.13%
AIT	A	-0.13%
STRL	B	-0.13%
CBT	C	-0.13%
FYBR	C	-0.13%
LRN	A	-0.13%
KNF	B	-0.13%
KLIC	C	-0.13%
ITGR	B	-0.13%
CYTK	D	-0.13%
AZEK	B	-0.13%
CPK	A	-0.13%
BOX	B	-0.13%
NPO	A	-0.13%
WTM	A	-0.13%
BCPC	B	-0.13%
VMI	B	-0.13%
ELF	C	-0.13%
AGNC	C	-0.12%
OLLI	D	-0.12%
EVR	A	-0.12%
IRDM	C	-0.12%
QTWO	A	-0.12%
RKLB	B	-0.12%
WHD	B	-0.12%
BLKB	D	-0.12%
S	B	-0.12%
CRDO	C	-0.12%
ADT	B	-0.12%
GAP	C	-0.12%
HAE	A	-0.12%
PEGA	B	-0.11%
PATH	D	-0.11%
TXRH	A	-0.11%
ORA	B	-0.11%
GMED	A	-0.11%
VKTX	F	-0.11%
LYFT	B	-0.11%
XENE	D	-0.11%
WDFC	A	-0.11%
CRNX	C	-0.11%
APPF	C	-0.11%
ECPG	B	-0.11%
ADC	A	-0.11%
MRCY	B	-0.11%
HALO	D	-0.11%
LBRDA	B	-0.11%
RXO	C	-0.1%
CFR	A	-0.1%
NWL	B	-0.1%
TDC	F	-0.1%
HASI	F	-0.1%
ERII	B	-0.1%
PJT	A	-0.1%
AROC	A	-0.1%
RVMD	B	-0.1%
HCP	B	-0.1%
BRBR	A	-0.1%
TENB	D	-0.1%
TRN	A	-0.1%
FA	D	-0.1%
SSD	D	-0.1%
DV	C	-0.1%
CAC	A	-0.1%
VECO	F	-0.1%
NXT	C	-0.1%
SLG	B	-0.1%
ETSY	D	-0.1%
DY	C	-0.1%
BHVN	C	-0.1%
DNLI	C	-0.1%
DRS	B	-0.1%
APAM	A	-0.1%
LITE	A	-0.1%
PFSI	D	-0.1%
TRNO	D	-0.1%
RDUS	C	-0.1%
CCOI	B	-0.1%
RDNT	B	-0.1%
KD	A	-0.1%
AMAL	B	-0.1%
CGNX	D	-0.1%
ALTM	C	-0.1%
PSN	C	-0.1%
LNTH	F	-0.1%
VNO	B	-0.09%
AMED	F	-0.09%
RNA	C	-0.09%
NMIH	D	-0.09%
UPST	B	-0.09%
U	F	-0.09%
CNK	A	-0.09%
WEN	C	-0.09%
SHAK	B	-0.09%
MGRC	B	-0.09%
FR	D	-0.09%
CURB	D	-0.09%
SLAB	F	-0.09%
ZI	D	-0.09%
MTSI	B	-0.09%
ESE	A	-0.09%
RL	B	-0.09%
MARA	B	-0.09%
CRVL	B	-0.09%
BRC	C	-0.09%
IMAX	B	-0.09%
IBP	F	-0.09%
POWL	C	-0.09%
ACHC	F	-0.09%
EVRI	A	-0.08%
AVPT	A	-0.08%
SBRA	C	-0.08%
BXMT	D	-0.08%
ICUI	D	-0.08%
OLED	F	-0.08%
KTOS	B	-0.08%
KOP	C	-0.08%
ICFI	F	-0.08%
AUR	D	-0.08%
EWTX	C	-0.08%
BPMC	D	-0.08%
IESC	B	-0.08%
BL	B	-0.08%
TILE	A	-0.08%
TBBK	A	-0.08%
ACLX	C	-0.08%
CRSP	D	-0.08%
VSEC	B	-0.08%
INTA	B	-0.08%
ST	F	-0.08%
PRVA	B	-0.08%
LBPH	A	-0.08%
CHWY	B	-0.08%
INSP	F	-0.08%
PIPR	A	-0.08%
TARS	B	-0.08%
PRKS	A	-0.08%
BWIN	D	-0.08%
HR	C	-0.08%
NTGR	A	-0.08%
UNIT	B	-0.08%
BOH	A	-0.08%
MAC	A	-0.08%
PRCT	B	-0.08%
DOCS	C	-0.08%
GVA	A	-0.08%
PLMR	A	-0.08%
MIR	A	-0.08%
AAT	C	-0.07%
SKT	A	-0.07%
EE	A	-0.07%
HI	C	-0.07%
RARE	F	-0.07%
UEC	B	-0.07%
ESRT	D	-0.07%
PECO	A	-0.07%
HAFC	A	-0.07%
TREX	C	-0.07%
CWK	B	-0.07%
GTES	B	-0.07%
BDN	D	-0.07%
VVX	C	-0.07%
ENR	A	-0.07%
SONO	C	-0.07%
ZYME	B	-0.07%
ALHC	C	-0.07%
AZTA	F	-0.07%
HIMS	C	-0.07%
MHK	D	-0.07%
HWKN	C	-0.07%
GH	B	-0.07%
BROS	A	-0.07%
FIVN	C	-0.07%
ATRC	C	-0.07%
VCTR	B	-0.07%
HBI	A	-0.07%
CTS	B	-0.07%
WRBY	A	-0.07%
PI	D	-0.07%
SXT	C	-0.07%
CCCS	A	-0.07%
AZZ	B	-0.07%
OUT	A	-0.07%
PAR	A	-0.07%
UNFI	A	-0.07%
ATGE	B	-0.06%
CBZ	B	-0.06%
VRRM	D	-0.06%
FNA	B	-0.06%
WT	A	-0.06%
SG	C	-0.06%
TMCI	C	-0.06%
DLX	A	-0.06%
CLSK	C	-0.06%
IRON	C	-0.06%
PRO	C	-0.06%
DCO	A	-0.06%
VERA	B	-0.06%
RBBN	B	-0.06%
SATS	D	-0.06%
W	F	-0.06%
MBUU	C	-0.06%
PTCT	B	-0.06%
PLAY	C	-0.06%
EXPO	D	-0.06%
AXSM	B	-0.06%
MOV	C	-0.06%
AGIO	B	-0.06%
NRIX	C	-0.06%
VRNT	D	-0.06%
COKE	C	-0.06%
POWI	D	-0.06%
CHH	A	-0.06%
TGTX	B	-0.06%
CWAN	B	-0.06%
TDOC	C	-0.06%
EXP	B	-0.06%
ATEN	A	-0.06%
CLH	C	-0.06%
PNTG	D	-0.06%
CLNE	D	-0.06%
CMP	B	-0.06%
MGNI	A	-0.06%
CAKE	A	-0.06%
RUSHB	B	-0.06%
KROS	C	-0.06%
FL	F	-0.06%
VREX	C	-0.06%
FROG	C	-0.06%
SFBS	A	-0.06%
PYCR	C	-0.06%
CART	C	-0.06%
BOOT	C	-0.06%
SMTC	C	-0.06%
OWL	A	-0.06%
NVST	C	-0.06%
ACVA	A	-0.06%
RCM	A	-0.06%
ROIV	D	-0.06%
FLYW	B	-0.06%
APG	C	-0.06%
IDYA	F	-0.06%
HURN	B	-0.06%
EYE	C	-0.06%
ADMA	C	-0.06%
CLB	C	-0.06%
MNKD	B	-0.06%
TGI	A	-0.06%
AVDX	C	-0.06%
VNOM	B	-0.06%
FRSH	B	-0.06%
KE	C	-0.06%
ENV	B	-0.06%
FUN	B	-0.06%
KREF	D	-0.06%
VRNS	D	-0.06%
MRUS	D	-0.06%
FOUR	B	-0.06%
MAN	F	-0.06%
VRDN	C	-0.06%
VERX	A	-0.06%
PDM	D	-0.06%
PAHC	A	-0.06%
MASI	A	-0.06%
CALM	A	-0.06%
IBOC	A	-0.06%
RH	C	-0.06%
VVI	A	-0.06%
FFIN	A	-0.06%
COMP	B	-0.06%
OII	B	-0.06%
PAYO	A	-0.06%
BANC	A	-0.06%
NARI	C	-0.06%
SWTX	C	-0.05%
RXST	F	-0.05%
EWCZ	D	-0.05%
TWST	F	-0.05%
HZO	F	-0.05%
AXL	C	-0.05%
ARVN	D	-0.05%
PBI	C	-0.05%
NUVB	C	-0.05%
ZEUS	C	-0.05%
ETNB	D	-0.05%
HLX	D	-0.05%
ALRM	C	-0.05%
IONS	F	-0.05%
PLOW	D	-0.05%
DOCN	D	-0.05%
ARKO	D	-0.05%
SHC	D	-0.05%
CECO	C	-0.05%
LEVI	F	-0.05%
ICHR	C	-0.05%
FTRE	D	-0.05%
INFA	F	-0.05%
CPRX	C	-0.05%
GERN	F	-0.05%
APGE	D	-0.05%
FLG	F	-0.05%
CDE	D	-0.05%
CLVT	F	-0.05%
XRAY	F	-0.05%
ACEL	B	-0.05%
BASE	C	-0.05%
WNC	C	-0.05%
MLTX	C	-0.05%
SLNO	C	-0.05%
INVX	C	-0.05%
PENN	B	-0.05%
ASAN	C	-0.05%
MLNK	C	-0.05%
MPW	F	-0.05%
AI	C	-0.05%
AMBC	C	-0.05%
PTGX	D	-0.05%
BEAM	D	-0.05%
AWR	A	-0.05%
EDR	A	-0.05%
RUN	F	-0.05%
DGII	B	-0.05%
REVG	A	-0.05%
PRAA	C	-0.05%
HAIN	F	-0.05%
INFN	C	-0.05%
SPR	D	-0.05%
MNRO	B	-0.05%
SMP	C	-0.05%
VITL	F	-0.05%
LCID	F	-0.05%
ELVN	C	-0.05%
MTTR	B	-0.05%
KYMR	C	-0.05%
EMBC	C	-0.05%
NEO	C	-0.05%
SLVM	B	-0.05%
XPRO	F	-0.05%
RAMP	C	-0.05%
ZUO	A	-0.05%
VYX	C	-0.05%
OMCL	C	-0.05%
MMI	A	-0.05%
BGC	B	-0.05%
JANX	C	-0.05%
PDFS	D	-0.05%
CSTL	C	-0.05%
TMDX	F	-0.05%
BE	A	-0.05%
ADUS	D	-0.05%
LIVN	C	-0.05%
AORT	B	-0.05%
SMPL	B	-0.05%
KMPR	A	-0.05%
EPR	D	-0.05%
MDGL	C	-0.05%
ASTE	B	-0.05%
ARWR	D	-0.05%
KVYO	C	-0.05%
LOPE	B	-0.05%
UFPT	C	-0.05%
RNG	B	-0.05%
HLIT	F	-0.05%
TNC	F	-0.05%
ARQT	D	-0.05%
NUVL	D	-0.05%
LEG	F	-0.05%
YELP	C	-0.05%
UAA	B	-0.05%
MXL	C	-0.05%
NCNO	B	-0.05%
COLD	F	-0.05%
CALX	F	-0.05%
NBHC	A	-0.05%
AGYS	A	-0.05%
ALKT	B	-0.05%
PD	C	-0.05%
CRAI	B	-0.05%
RCKT	F	-0.04%
CLW	F	-0.04%
HPP	F	-0.04%
FORM	F	-0.04%
BKD	F	-0.04%
HOUS	F	-0.04%
FLGT	F	-0.04%
NEP	F	-0.04%
KURA	F	-0.04%
QS	F	-0.04%
PRTA	F	-0.04%
NTLA	F	-0.04%
PGNY	F	-0.04%
CLDX	F	-0.04%
EGY	F	-0.04%
ESTA	D	-0.04%
SPT	C	-0.04%
JAMF	F	-0.04%
ARCT	F	-0.04%
CXM	C	-0.04%
TNDM	F	-0.04%
CGEM	F	-0.04%
COUR	F	-0.04%
SAVA	C	-0.04%
LESL	C	-0.04%
SIBN	D	-0.04%
SNDX	D	-0.04%
IMVT	D	-0.04%
RCUS	F	-0.04%
NABL	F	-0.04%
MTUS	F	-0.04%
OSCR	F	-0.04%
AMC	C	-0.04%
PLUG	D	-0.04%
DYN	F	-0.04%
PLRX	D	-0.04%
HL	D	-0.04%
BBIO	F	-0.04%
QDEL	F	-0.04%
ARLO	D	-0.04%
ALEC	F	-0.04%
FLO	D	-0.04%
NVCR	D	-0.04%
MEI	F	-0.04%
IVR	D	-0.04%
BRZE	C	-0.04%
LGF.A	F	-0.04%
CWT	C	-0.04%
THS	F	-0.04%
KRYS	D	-0.04%
RXRX	F	-0.04%
TROX	F	-0.04%
COGT	D	-0.04%
RKT	F	-0.04%
AHH	D	-0.04%
NEOG	D	-0.04%
NVAX	F	-0.03%
ANAB	F	-0.03%
WOLF	F	-0.03%
MEG	F	-0.03%
TXG	F	-0.03%
SITC	D	-0.03%
CDNA	D	-0.03%
SVRA	F	-0.03%
PHAT	F	-0.03%
CRMT	F	-0.03%
APLS	F	-0.03%
CCRN	F	-0.03%
CPRI	F	-0.03%
MYGN	F	-0.03%
ETWO	F	-0.03%
BRY	F	-0.03%
MQ	F	-0.03%
STAA	F	-0.03%
JELD	F	-0.03%
KELYA	F	-0.03%
AGL	F	-0.02%
MC	B	-0.02%
NOVA	F	-0.02%
SEDG	F	-0.02%
ASPN	F	-0.02%
GDOT	C	-0.01%
MAGN	F	-0.01%