FAB vs. FEX ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to First Trust Large Cap Core AlphaDEX (FEX)

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

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Large Cap Core 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 500(R) 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

$96.99

Average Daily Volume

21,184

Number of Holdings ^*

371

* may have additional holdings in another (foreign) market

Performance

Period	FAB	FEX
30 Days	0.57%	1.05%
60 Days	-0.77%	0.96%
90 Days	-4.21%	-2.27%
12 Months	13.92%	17.71%

185 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in FEX	Overlap
	ACGL	B	0.52%	0.49%	0.49%
	ADM	F	0.46%	0.43%	0.43%
	AEE	D	0.36%	0.34%	0.34%
	AEP	C	0.28%	0.28%	0.28%
	AFL	B	0.29%	0.28%	0.28%
	AIG	D	0.36%	0.34%	0.34%
	APD	D	0.21%	0.31%	0.21%
	APTV	F	0.44%	0.4%	0.4%
	ARE	C	0.08%	0.08%	0.08%
	ATO	B	0.27%	0.36%	0.27%
	AWK	B	0.1%	0.19%	0.1%
	BAC	A	0.29%	0.29%	0.29%
	BBY	B	0.29%	0.31%	0.29%
	BEN	D	0.31%	0.29%	0.29%
	BG	B	0.49%	0.45%	0.45%
	BIIB	C	0.2%	0.19%	0.19%
	BKR	B	0.29%	0.35%	0.29%
	BMY	F	0.3%	0.34%	0.3%
	BRK.A	C	0.46%	0.44%	0.44%
	C	C	0.37%	0.35%	0.35%
	CAG	D	0.37%	0.35%	0.35%
	CB	C	0.39%	0.37%	0.37%
	CE	F	0.3%	0.37%	0.3%
	CF	D	0.43%	0.4%	0.4%
	CFG	C	0.37%	0.35%	0.35%
	CHTR	C	0.19%	0.26%	0.19%
	CI	D	0.18%	0.25%	0.18%
	CINF	C	0.44%	0.42%	0.42%
	CMCSA	C	0.42%	0.39%	0.39%
	CMS	D	0.19%	0.27%	0.19%
	CNC	F	0.24%	0.31%	0.24%
	CNP	A	0.3%	0.39%	0.3%
	COF	C	0.34%	0.33%	0.33%
	COP	D	0.43%	0.39%	0.39%
	CPB	C	0.19%	0.28%	0.19%
	CPNG	D	0.11%	0.21%	0.11%
	CRBG	C	0.19%	0.18%	0.18%
	CSCO	C	0.26%	0.33%	0.26%
	CTRA	D	0.47%	0.43%	0.43%
	CTSH	C	0.26%	0.41%	0.26%
	CTVA	C	0.08%	0.08%	0.08%
	CVS	D	0.36%	0.35%	0.35%
	CVX	C	0.48%	0.44%	0.44%
	D	D	0.28%	0.36%	0.28%
	DD	B	0.1%	0.19%	0.1%
	DE	D	0.25%	0.34%	0.25%
	DG	D	0.08%	0.15%	0.08%
	DGX	D	0.29%	0.37%	0.29%
	DHI	D	0.4%	0.38%	0.38%
	DOV	B	0.09%	0.19%	0.09%
	DOW	D	0.08%	0.17%	0.08%
	DTE	C	0.37%	0.36%	0.36%
	DUK	D	0.29%	0.28%	0.28%
	DVN	C	0.45%	0.41%	0.41%
	EBAY	B	0.39%	0.47%	0.39%
	ED	D	0.47%	0.45%	0.45%
	EG	B	0.46%	0.43%	0.43%
	EIX	D	0.28%	0.28%	0.28%
	ELV	A	0.1%	0.18%	0.1%
	EOG	C	0.47%	0.42%	0.42%
	EPAM	D	0.06%	0.06%	0.06%
	EQR	A	0.3%	0.29%	0.29%
	EQT	D	0.49%	0.47%	0.47%
	ETR	C	0.48%	0.46%	0.46%
	EXC	D	0.35%	0.34%	0.34%
	EXPD	B	0.1%	0.19%	0.1%
	F	C	0.43%	0.4%	0.4%
	FANG	C	0.47%	0.43%	0.43%
	FDX	A	0.25%	0.31%	0.25%
	FE	D	0.19%	0.27%	0.19%
	FITB	C	0.27%	0.26%	0.26%
	FNF	C	0.08%	0.17%	0.08%
	FOXA	A	0.21%	0.19%	0.19%
	GD	C	0.1%	0.19%	0.1%
	GILD	C	0.26%	0.31%	0.26%
	GIS	D	0.18%	0.26%	0.18%
	GLW	B	0.11%	0.22%	0.11%
	GM	B	0.49%	0.47%	0.47%
	GPC	D	0.17%	0.24%	0.17%
	GPN	D	0.2%	0.19%	0.19%
	GS	B	0.3%	0.3%	0.3%
	HAL	D	0.33%	0.38%	0.33%
	HBAN	C	0.35%	0.32%	0.32%
	HCA	C	0.19%	0.09%	0.09%
	HIG	B	0.28%	0.36%	0.28%
	HPE	B	0.56%	0.56%	0.56%
	HPQ	B	0.33%	0.22%	0.22%
	HRL	F	0.17%	0.24%	0.17%
	HSY	F	0.18%	0.17%	0.17%
	HUM	C	0.19%	0.27%	0.19%
	INCY	B	0.31%	0.29%	0.29%
	INTC	F	0.06%	0.13%	0.06%
	IPG	F	0.25%	0.33%	0.25%
	J	D	0.08%	0.17%	0.08%
	JBHT	F	0.15%	0.21%	0.15%
	JBL	F	0.24%	0.26%	0.24%
	JCI	C	0.2%	0.19%	0.19%
	JNJ	F	0.09%	0.17%	0.09%
	K	D	0.09%	0.09%	0.09%
	KDP	C	0.31%	0.31%	0.31%
	KEY	C	0.16%	0.16%	0.16%
	KHC	D	0.34%	0.32%	0.32%
	KIM	B	0.36%	0.35%	0.35%
	KMB	B	0.1%	0.1%	0.1%
	KMI	A	0.42%	0.39%	0.39%
	KR	D	0.24%	0.25%	0.24%
	L	D	0.37%	0.35%	0.35%
	LEN	D	0.41%	0.39%	0.39%
	LHX	A	0.1%	0.19%	0.1%
	LKQ	F	0.29%	0.28%	0.28%
	LMT	A	0.2%	0.18%	0.18%
	LNG	B	0.5%	0.45%	0.45%
	LOW	D	0.16%	0.16%	0.16%
	LUV	B	0.27%	0.27%	0.27%
	LYB	C	0.35%	0.34%	0.34%
	MAA	B	0.2%	0.29%	0.2%
	MDLZ	D	0.18%	0.26%	0.18%
	MDT	D	0.17%	0.17%	0.17%
	MKL	C	0.49%	0.46%	0.46%
	MOH	F	0.07%	0.14%	0.07%
	MPC	D	0.41%	0.39%	0.39%
	MRO	B	0.48%	0.44%	0.44%
	MS	B	0.2%	0.19%	0.19%
	MTB	B	0.38%	0.37%	0.37%
	NEE	D	0.22%	0.3%	0.22%
	NKE	F	0.09%	0.09%	0.09%
	NUE	D	0.36%	0.36%	0.36%
	NWSA	A	0.29%	0.28%	0.28%
	OC	C	0.49%	0.49%	0.49%
	OKE	B	0.28%	0.36%	0.28%
	OMC	D	0.09%	0.17%	0.09%
	OXY	C	0.46%	0.43%	0.43%
	PCG	D	0.4%	0.38%	0.38%
	PEG	B	0.42%	0.4%	0.4%
	PFE	C	0.09%	0.09%	0.09%
	PKG	B	0.19%	0.27%	0.19%
	PNC	C	0.26%	0.26%	0.26%
	POOL	F	0.07%	0.08%	0.07%
	PPG	D	0.08%	0.08%	0.08%
	PRU	B	0.09%	0.18%	0.09%
	PSX	D	0.41%	0.38%	0.38%
	PYPL	F	0.17%	0.24%	0.17%
	QCOM	C	0.11%	0.24%	0.11%
	REGN	B	0.1%	0.2%	0.1%
	RF	C	0.34%	0.33%	0.33%
	RJF	C	0.09%	0.17%	0.09%
	RS	D	0.32%	0.38%	0.32%
	RTX	D	0.1%	0.1%	0.1%
	SNA	D	0.25%	0.33%	0.25%
	SRE	B	0.4%	0.38%	0.38%
	SSNC	B	0.19%	0.26%	0.19%
	STLD	C	0.4%	0.38%	0.38%
	STT	C	0.26%	0.25%	0.25%
	SWKS	B	0.38%	0.45%	0.38%
	SYF	A	0.4%	0.37%	0.37%
	SYY	D	0.08%	0.08%	0.08%
	T	A	0.5%	0.47%	0.47%
	TDY	D	0.25%	0.24%	0.24%
	TEL	B	0.39%	0.47%	0.39%
	TGT	D	0.16%	0.15%	0.15%
	TROW	B	0.27%	0.44%	0.27%
	TRV	D	0.17%	0.16%	0.16%
	TSCO	C	0.09%	0.1%	0.09%
	TXT	D	0.17%	0.24%	0.17%
	UAL	D	0.48%	0.47%	0.47%
	UHAL	D	0.25%	0.33%	0.25%
	UNH	C	0.09%	0.18%	0.09%
	UPS	D	0.17%	0.25%	0.17%
	USB	C	0.25%	0.24%	0.24%
	VLO	C	0.43%	0.4%	0.4%
	VTR	A	0.22%	0.21%	0.21%
	VTRS	D	0.33%	0.31%	0.31%
	VZ	B	0.37%	0.35%	0.35%
	WBD	D	0.31%	0.29%	0.29%
	WEC	D	0.18%	0.26%	0.18%
	WFC	C	0.37%	0.37%	0.37%
	WLK	D	0.18%	0.27%	0.18%
	WMT	A	0.1%	0.1%	0.1%
	WPC	D	0.37%	0.36%	0.36%
	WRB	C	0.08%	0.16%	0.08%
	WY	F	0.07%	0.15%	0.07%
	XEL	D	0.38%	0.36%	0.36%
	XOM	C	0.47%	0.43%	0.43%
	ZBH	D	0.16%	0.22%	0.16%
	ZM	D	0.17%	0.16%	0.16%

FAB Overweight 474 Positions Relative to FEX

	Symbol	Grade	Weight
	AIRC	A	0.28%
	MATX	A	0.27%
	UTHR	A	0.26%
	NFG	D	0.24%
	AVT	C	0.24%
	NOV	B	0.23%
	NOG	D	0.23%
	RNR	C	0.23%
	KBH	B	0.23%
	ESGR	B	0.23%
	LBRT	C	0.23%
	SM	D	0.23%
	WTM	B	0.23%
	RRC	D	0.23%
	GPI	D	0.23%
	RDN	B	0.22%
	MTH	D	0.22%
	AL	C	0.22%
	CHK	D	0.22%
	CHRD	C	0.22%
	ABG	C	0.22%
	ESNT	B	0.22%
	ARW	F	0.22%
	SEB	D	0.22%
	MTG	B	0.22%
	VAL	B	0.22%
	AGO	C	0.21%
	MHO	C	0.21%
	WIRE	B	0.21%
	JXN	C	0.21%
	FMC	D	0.21%
	CNXC	D	0.21%
	TMHC	C	0.21%
	MTDR	D	0.21%
	DINO	D	0.21%
	BTU	F	0.21%
	MUR	D	0.21%
	OVV	C	0.21%
	MOS	D	0.21%
	CMC	C	0.21%
	ADTN	D	0.21%
	HP	D	0.2%
	ALE	B	0.2%
	APA	D	0.2%
	MLI	C	0.2%
	USM	B	0.2%
	SANM	B	0.2%
	PTEN	D	0.2%
	SIG	D	0.2%
	IAC	D	0.2%
	EVRG	C	0.19%
	BERY	D	0.19%
	MDU	B	0.19%
	POR	C	0.19%
	URBN	C	0.19%
	AGCO	F	0.19%
	LAD	D	0.19%
	OGE	C	0.19%
	FYBR	B	0.19%
	COOP	C	0.19%
	R	B	0.19%
	OGS	C	0.18%
	AN	D	0.18%
	ONB	C	0.18%
	BWA	F	0.18%
	UNM	C	0.18%
	TPH	C	0.18%
	AMG	C	0.18%
	CADE	C	0.18%
	COLB	D	0.18%
	G	D	0.18%
	PBF	D	0.18%
	MGY	C	0.18%
	ALLY	B	0.18%
	BKH	C	0.18%
	SON	F	0.17%
	AMKR	B	0.17%
	LBRDK	C	0.17%
	OGN	B	0.16%
	VLY	D	0.16%
	TEX	D	0.16%
	OZK	D	0.16%
	PRDO	C	0.16%
	KRC	D	0.16%
	DTM	A	0.16%
	AR	D	0.16%
	CRK	C	0.16%
	SNX	C	0.15%
	DAR	D	0.15%
	ASO	F	0.15%
	NI	B	0.15%
	LEA	F	0.15%
	BYD	D	0.15%
	RUSHA	F	0.15%
	ENS	B	0.15%
	REVG	C	0.15%
	BOKF	C	0.14%
	ZION	C	0.14%
	FHN	C	0.14%
	M	C	0.14%
	EMN	C	0.14%
	CNX	C	0.14%
	SNDR	B	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%
	PNW	C	0.14%
	PHIN	D	0.14%
	HOG	D	0.14%
	TAP	F	0.14%
	INVA	B	0.14%
	ABR	B	0.14%
	UHS	B	0.14%
	SCHL	D	0.13%
	EIG	C	0.13%
	JAZZ	F	0.13%
	CRC	B	0.13%
	UFPI	D	0.13%
	IPGP	D	0.13%
	UAA	D	0.13%
	CAR	F	0.13%
	NWN	F	0.13%
	MODG	D	0.13%
	ATSG	D	0.13%
	NXST	C	0.13%
	FFBC	C	0.13%
	PAG	D	0.13%
	DDS	C	0.13%
	WTFC	C	0.13%
	FNB	C	0.13%
	WMK	D	0.13%
	SPB	C	0.13%
	VSH	D	0.13%
	AVA	C	0.13%
	WCC	F	0.13%
	WAL	C	0.13%
	OMF	C	0.13%
	CUZ	C	0.13%
	HIW	B	0.13%
	ALK	D	0.13%
	LZB	B	0.13%
	WBS	D	0.12%
	TALO	D	0.12%
	KEX	B	0.12%
	GEF	F	0.12%
	CASH	B	0.12%
	SLVM	B	0.12%
	OSK	C	0.12%
	DNOW	C	0.12%
	CZR	C	0.12%
	GHC	D	0.12%
	IMKTA	F	0.12%
	ABM	B	0.12%
	KNX	C	0.12%
	DXC	C	0.12%
	WU	D	0.12%
	CMA	C	0.12%
	ARCH	F	0.12%
	TGNA	D	0.12%
	TPR	B	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%
	PII	F	0.11%
	CABO	F	0.11%
	CNO	C	0.11%
	RLJ	D	0.11%
	HE	F	0.11%
	AX	C	0.11%
	GDEN	D	0.11%
	BNL	B	0.11%
	FULT	C	0.11%
	KSS	D	0.11%
	SKX	B	0.11%
	IP	B	0.11%
	MLKN	C	0.11%
	NBHC	A	0.11%
	PVH	F	0.11%
	BZH	F	0.11%
	PINC	F	0.11%
	OLN	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%
	CROX	B	0.1%
	LFUS	C	0.1%
	FCF	C	0.1%
	GEO	C	0.1%
	EFSC	C	0.1%
	SAH	D	0.1%
	AXS	B	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%
	ICUI	B	0.09%
	SEIC	D	0.09%
	HLF	D	0.09%
	TKR	D	0.09%
	BECN	D	0.09%
	UMBF	C	0.09%
	SNV	A	0.09%
	SLM	C	0.09%
	NAVI	D	0.09%
	HOMB	C	0.09%
	CCS	C	0.09%
	CLF	D	0.09%
	PARR	D	0.09%
	NHC	A	0.09%
	SBH	D	0.09%
	SWX	D	0.09%
	ALGT	F	0.09%
	ASH	D	0.09%
	BPOP	C	0.09%
	AMN	F	0.09%
	IDA	C	0.09%
	NJR	C	0.09%
	CACC	C	0.09%
	ORI	C	0.09%
	LNT	C	0.09%
	COLM	D	0.09%
	REZI	C	0.09%
	WTRG	C	0.09%
	CUBI	C	0.09%
	OEC	F	0.08%
	GT	F	0.08%
	PFBC	C	0.08%
	SRCE	C	0.08%
	BBWI	F	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%
	HII	D	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%
	HUN	F	0.08%
	GOGO	D	0.08%
	PNFP	C	0.08%
	SNEX	C	0.08%
	EPC	B	0.08%
	PB	C	0.08%
	RYN	D	0.08%
	CXW	D	0.08%
	DNB	D	0.08%
	SAIC	D	0.08%
	BXMT	C	0.08%
	SLGN	D	0.08%
	EWBC	C	0.08%
	OLPX	D	0.07%
	SSTK	F	0.07%
	PRIM	C	0.07%
	HTLF	B	0.07%
	HELE	F	0.07%
	WHR	C	0.07%
	SFNC	C	0.07%
	ANDE	D	0.07%
	PDCO	D	0.07%
	BC	F	0.07%
	WSBC	C	0.07%
	HOPE	C	0.07%
	UNF	C	0.07%
	THO	D	0.07%
	CENTA	F	0.07%
	BOOT	B	0.07%
	WAFD	C	0.07%
	FOXF	D	0.07%
	BKE	D	0.07%
	VSCO	F	0.07%
	FHI	C	0.07%
	RNST	C	0.07%
	SJW	D	0.07%
	KMT	F	0.07%
	PRGO	F	0.07%
	TOWN	C	0.07%
	BUSE	C	0.07%
	NWBI	B	0.07%
	FBP	A	0.06%
	BJ	B	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%
	GMED	A	0.06%
	THC	B	0.06%
	LGIH	F	0.06%
	CWEN	C	0.06%
	JBLU	C	0.06%
	VCTR	D	0.06%
	ECVT	D	0.06%
	VAC	D	0.06%
	HTZ	F	0.06%
	CRUS	A	0.06%
	WOR	F	0.06%
	LTH	B	0.06%
	MATW	F	0.06%
	AVNT	C	0.05%
	AGNC	B	0.05%
	LPX	C	0.05%
	CCK	F	0.05%
	DKS	B	0.05%
	PENN	C	0.05%
	ZD	C	0.05%
	REYN	C	0.05%
	AUB	C	0.05%
	PFSI	A	0.05%
	NEOG	C	0.05%
	NMRK	C	0.05%
	SF	A	0.05%
	USFD	B	0.05%
	SBCF	C	0.05%
	EHC	B	0.05%
	PATK	C	0.05%
	VRTS	C	0.05%
	MCRI	B	0.05%
	JEF	A	0.05%
	JLL	B	0.05%
	MMS	B	0.05%
	OMCL	F	0.05%
	KLG	F	0.05%
	CVBF	C	0.05%
	FHB	C	0.05%
	PLUS	C	0.05%
	JBGS	B	0.05%
	RGA	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%
	CACI	B	0.05%
	KOP	F	0.05%
	BDC	B	0.05%
	OI	F	0.04%
	MIDD	F	0.04%
	SUM	D	0.04%
	SKY	F	0.04%
	AEO	F	0.04%
	RHI	F	0.04%
	BXC	F	0.04%
	SIGI	F	0.04%
	CRI	F	0.04%
	HSIC	F	0.04%
	FAF	D	0.04%
	TFX	D	0.04%
	AYI	D	0.04%
	AIZ	D	0.04%
	VNO	B	0.04%
	GPS	C	0.04%
	LANC	C	0.04%
	GXO	D	0.04%
	IVZ	D	0.04%
	CMCO	F	0.04%
	AFG	D	0.04%
	NYCB	F	0.04%
	BXP	B	0.04%
	LSTR	B	0.04%
	FUL	D	0.04%
	CIEN	C	0.04%
	FBNC	C	0.04%
	SEE	D	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%
	MPW	F	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%
	GL	C	0.03%
	ADV	D	0.02%
	ENOV	D	0.02%
	ARCB	D	0.02%
	GO	D	0.02%
	ATUS	F	0.02%
	CSGS	F	0.02%
	PTVE	F	0.02%
	DK	D	0.02%
	IART	C	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 186 Positions Relative to FEX

	Symbol	Grade	Weight
	NVDA	B	-0.68%
	VST	C	-0.57%
	CRWD	B	-0.55%
	VRT	D	-0.53%
	HWM	C	-0.53%
	TT	B	-0.52%
	KKR	B	-0.5%
	DECK	B	-0.49%
	PWR	C	-0.49%
	RCL	A	-0.49%
	ETN	D	-0.48%
	PSTG	B	-0.48%
	META	B	-0.47%
	DAL	D	-0.47%
	BAH	B	-0.47%
	APO	A	-0.47%
	BK	A	-0.46%
	JPM	A	-0.45%
	IR	C	-0.45%
	FCNCA	C	-0.45%
	AMAT	B	-0.44%
	ANET	A	-0.43%
	CMG	C	-0.43%
	COST	B	-0.43%
	DKNG	D	-0.43%
	CEG	C	-0.43%
	LLY	A	-0.42%
	PHM	D	-0.42%
	GDDY	B	-0.42%
	URI	C	-0.41%
	WAB	D	-0.41%
	LRCX	B	-0.41%
	PLTR	B	-0.41%
	NFLX	B	-0.41%
	SMCI	C	-0.41%
	UBER	B	-0.41%
	CAT	C	-0.4%
	NTNX	D	-0.39%
	LYV	C	-0.39%
	PCAR	D	-0.39%
	TDG	C	-0.39%
	BRO	B	-0.38%
	HLT	A	-0.37%
	AMZN	B	-0.37%
	AVGO	C	-0.37%
	DASH	D	-0.37%
	ENTG	B	-0.36%
	MAR	B	-0.35%
	KLAC	B	-0.34%
	HUBB	D	-0.34%
	VMC	D	-0.34%
	AXON	C	-0.34%
	GE	D	-0.34%
	GWW	D	-0.33%
	MLM	D	-0.33%
	NTAP	A	-0.33%
	MAS	D	-0.32%
	ERIE	C	-0.32%
	LII	B	-0.31%
	NET	B	-0.3%
	ISRG	A	-0.3%
	IRM	A	-0.3%
	BSX	A	-0.3%
	ECL	B	-0.29%
	LPLA	B	-0.29%
	DPZ	B	-0.29%
	CSL	C	-0.29%
	GRMN	B	-0.29%
	ROST	B	-0.28%
	ARES	D	-0.28%
	CTAS	B	-0.28%
	WM	A	-0.27%
	CCL	B	-0.27%
	RSG	A	-0.27%
	AZO	B	-0.26%
	CPRT	C	-0.26%
	MANH	B	-0.26%
	BLDR	F	-0.26%
	NOW	B	-0.26%
	LECO	D	-0.26%
	EXPE	C	-0.25%
	PH	C	-0.25%
	EW	B	-0.25%
	NTRS	C	-0.25%
	ORLY	B	-0.25%
	SHW	D	-0.24%
	IBM	B	-0.24%
	FAST	F	-0.23%
	AMD	B	-0.23%
	MGM	B	-0.23%
	APH	B	-0.22%
	TTD	A	-0.21%
	FICO	A	-0.21%
	STX	B	-0.21%
	ORCL	B	-0.21%
	CRM	D	-0.21%
	GOOGL	B	-0.21%
	CL	B	-0.2%
	MSI	A	-0.2%
	SNPS	B	-0.2%
	XYL	C	-0.2%
	TJX	A	-0.2%
	BKNG	A	-0.2%
	CDNS	B	-0.19%
	MSFT	B	-0.19%
	OTIS	B	-0.18%
	SYK	B	-0.18%
	PTC	C	-0.17%
	HD	B	-0.17%
	NVR	C	-0.17%
	MA	D	-0.17%
	IT	B	-0.17%
	SPG	B	-0.17%
	RPM	D	-0.17%
	DDOG	B	-0.17%
	NBIX	C	-0.17%
	HST	D	-0.16%
	ABNB	C	-0.16%
	HUBS	C	-0.16%
	EFX	B	-0.16%
	CPAY	D	-0.15%
	OKTA	C	-0.15%
	DXCM	F	-0.15%
	IQV	F	-0.15%
	ULTA	F	-0.13%
	PINS	B	-0.12%
	TER	B	-0.12%
	HEI	B	-0.11%
	MPWR	B	-0.11%
	AJG	B	-0.1%
	CHD	C	-0.1%
	MCO	A	-0.1%
	RMD	D	-0.1%
	WMB	A	-0.1%
	ROL	B	-0.1%
	TMUS	B	-0.1%
	NXPI	B	-0.1%
	TRGP	A	-0.1%
	PANW	B	-0.1%
	VRTX	B	-0.1%
	WSO	C	-0.1%
	ADSK	B	-0.09%
	INTU	B	-0.09%
	BLK	B	-0.09%
	LIN	B	-0.09%
	STE	C	-0.09%
	STZ	B	-0.09%
	TMO	D	-0.09%
	V	D	-0.09%
	ROP	A	-0.09%
	INVH	A	-0.09%
	FCX	D	-0.09%
	PPL	D	-0.09%
	DHR	D	-0.09%
	MRVL	C	-0.09%
	MMC	B	-0.09%
	DLR	A	-0.09%
	PG	C	-0.09%
	IEX	D	-0.08%
	NDSN	D	-0.08%
	FTV	D	-0.08%
	LVS	F	-0.08%
	GGG	D	-0.08%
	GEHC	D	-0.08%
	KVUE	F	-0.08%
	FTNT	D	-0.08%
	NSC	F	-0.08%
	NOC	D	-0.08%
	CSX	C	-0.08%
	AON	C	-0.08%
	MKC	D	-0.08%
	TRU	C	-0.08%
	DRI	C	-0.08%
	CBRE	B	-0.08%
	ABT	D	-0.08%
	HOLX	C	-0.08%
	CBOE	D	-0.08%
	BALL	D	-0.08%
	ZS	C	-0.08%
	AME	D	-0.08%
	CSGP	D	-0.07%
	WDAY	D	-0.07%
	VEEV	F	-0.07%
	LW	F	-0.07%
	SLB	D	-0.07%
	MDB	F	-0.06%

FAB: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Utilities - Regulated Electric Asset Management Insurance - Property & Casualty Residential Construction Packaged Foods Packaging & Containers REIT - Diversified Building Materials Credit Services Diversified Industrials Electronic Components REIT - Office Specialty Chemicals Specialty Retail Telecom Services Utilities - Diversified Utilities - Regulated Gas Auto Parts

Keywords: S&P 500 Bank Banking Natural Gas Deposit Products Insurance Commercial Banking Electricity Insurance Products Real Estate Loans Real Estate Investment Trust Transport Chemical Commercial Bank Electronics Clothing Trust Services Aerospace Investment Management Nasdaq 100

FEX: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Asset Management Diversified Industrials Banks - Regional - US Semiconductors Software - Infrastructure Aerospace & Defense Business Services Oil & Gas E&P Packaged Foods Specialty Retail Health Care Plans Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Devices Utilities - Diversified Building Materials Capital Markets

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Electronics Electricity Aerospace Dow Jones Component Telecommunications Bank Banking Chemical Semiconductor Cloud Computing Insurance Products Investment Bank Medicine Mining Petroleum Industry