FAB vs. FNDX ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	FAB	FNDX
30 Days	6.40%	3.67%
60 Days	5.80%	4.58%
90 Days	6.32%	6.53%
12 Months	27.56%	29.67%

345 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in FNDX	Overlap
AAP	C	0.18%	0.03%	0.03%
ABG	B	0.14%	0.03%	0.03%
ABM	B	0.05%	0.02%	0.02%
ACN	C	0.09%	0.36%	0.09%
ADM	D	0.38%	0.21%	0.21%
ADNT	F	0.09%	0.02%	0.02%
AEE	A	0.36%	0.07%	0.07%
AEO	F	0.11%	0.01%	0.01%
AEP	D	0.23%	0.16%	0.16%
AFG	A	0.05%	0.05%	0.05%
AFL	B	0.25%	0.21%	0.21%
AGCO	D	0.08%	0.03%	0.03%
AIG	B	0.45%	0.28%	0.28%
AIZ	A	0.09%	0.03%	0.03%
AKAM	D	0.22%	0.03%	0.03%
AL	B	0.23%	0.02%	0.02%
ALK	C	0.15%	0.02%	0.02%
ALLY	C	0.36%	0.1%	0.1%
AMG	B	0.23%	0.04%	0.04%
AN	C	0.12%	0.05%	0.05%
ANDE	D	0.09%	0.01%	0.01%
APA	D	0.2%	0.03%	0.03%
APD	A	0.09%	0.13%	0.09%
APTV	D	0.33%	0.02%	0.02%
AR	B	0.09%	0.03%	0.03%
ARE	D	0.16%	0.03%	0.03%
ARW	D	0.15%	0.08%	0.08%
ASGN	F	0.08%	0.02%	0.02%
ASO	F	0.18%	0.02%	0.02%
ATO	A	0.36%	0.04%	0.04%
AVT	C	0.17%	0.07%	0.07%
AWK	D	0.08%	0.04%	0.04%
BAC	A	0.3%	1.3%	0.3%
BBWI	D	0.17%	0.03%	0.03%
BBY	D	0.23%	0.16%	0.16%
BC	C	0.12%	0.03%	0.03%
BCC	B	0.17%	0.04%	0.04%
BECN	B	0.1%	0.02%	0.02%
BEN	C	0.18%	0.04%	0.04%
BERY	B	0.14%	0.04%	0.04%
BFH	B	0.15%	0.05%	0.05%
BG	F	0.4%	0.1%	0.1%
BIIB	F	0.22%	0.09%	0.09%
BJ	A	0.05%	0.02%	0.02%
BKR	B	0.3%	0.16%	0.16%
BLDR	D	0.24%	0.06%	0.06%
BPOP	B	0.04%	0.02%	0.02%
BTU	B	0.13%	0.03%	0.03%
BWA	D	0.2%	0.05%	0.05%
C	A	0.38%	1.1%	0.38%
CAG	D	0.07%	0.06%	0.06%
CAR	C	0.06%	0.03%	0.03%
CARR	D	0.16%	0.12%	0.12%
CB	C	0.35%	0.26%	0.26%
CC	C	0.02%	0.02%	0.02%
CE	F	0.24%	0.03%	0.03%
CF	B	0.35%	0.07%	0.07%
CFG	B	0.4%	0.1%	0.1%
CHTR	C	0.31%	0.35%	0.31%
CI	F	0.08%	0.48%	0.08%
CINF	A	0.48%	0.07%	0.07%
CLF	F	0.15%	0.03%	0.03%
CLX	B	0.09%	0.04%	0.04%
CMA	A	0.1%	0.07%	0.07%
CMC	B	0.23%	0.03%	0.03%
CMCSA	B	0.45%	0.83%	0.45%
CMI	A	0.1%	0.19%	0.1%
CMS	C	0.17%	0.06%	0.06%
CNC	D	0.27%	0.19%	0.19%
CNO	A	0.19%	0.04%	0.04%
CNP	B	0.36%	0.06%	0.06%
CNX	A	0.25%	0.01%	0.01%
CNXC	F	0.17%	0.01%	0.01%
COF	B	0.43%	0.48%	0.43%
COP	C	0.47%	0.48%	0.47%
CPB	D	0.08%	0.03%	0.03%
CRBG	B	0.37%	0.04%	0.04%
CRI	D	0.06%	0.01%	0.01%
CRL	C	0.09%	0.01%	0.01%
CSCO	B	0.19%	0.82%	0.19%
CSX	B	0.18%	0.22%	0.18%
CTRA	B	0.46%	0.03%	0.03%
CTSH	B	0.37%	0.19%	0.19%
CTVA	C	0.08%	0.09%	0.08%
CVS	D	0.38%	0.68%	0.38%
CVX	A	0.48%	1.25%	0.48%
CZR	F	0.04%	0.02%	0.02%
D	C	0.25%	0.17%	0.17%
DAL	C	0.56%	0.03%	0.03%
DAN	D	0.08%	0.01%	0.01%
DAR	C	0.19%	0.02%	0.02%
DD	D	0.08%	0.17%	0.08%
DE	A	0.24%	0.23%	0.23%
DG	F	0.32%	0.08%	0.08%
DGX	A	0.26%	0.07%	0.07%
DHI	D	0.3%	0.16%	0.16%
DINO	D	0.21%	0.05%	0.05%
DIS	B	0.2%	0.45%	0.2%
DK	C	0.05%	0.01%	0.01%
DOC	D	0.16%	0.03%	0.03%
DOW	F	0.21%	0.18%	0.18%
DRI	B	0.18%	0.05%	0.05%
DTE	C	0.24%	0.07%	0.07%
DUK	C	0.24%	0.3%	0.24%
DVN	F	0.44%	0.09%	0.09%
DXC	B	0.18%	0.05%	0.05%
EBAY	D	0.24%	0.17%	0.17%
ED	D	0.32%	0.12%	0.12%
EG	C	0.41%	0.02%	0.02%
EIX	B	0.16%	0.1%	0.1%
ELV	F	0.14%	0.36%	0.14%
EMN	D	0.12%	0.08%	0.08%
EOG	A	0.48%	0.23%	0.23%
EPAM	C	0.05%	0.02%	0.02%
EQR	B	0.25%	0.05%	0.05%
EQT	B	0.41%	0.04%	0.04%
ETR	B	0.39%	0.12%	0.12%
EVRG	A	0.17%	0.07%	0.07%
EXC	C	0.33%	0.17%	0.17%
EXPD	D	0.08%	0.04%	0.04%
F	C	0.46%	0.33%	0.33%
FAF	A	0.04%	0.04%	0.04%
FANG	D	0.37%	0.05%	0.05%
FBIN	D	0.04%	0.04%	0.04%
FDX	B	0.37%	0.32%	0.32%
FE	C	0.16%	0.09%	0.09%
FHN	A	0.17%	0.03%	0.03%
FITB	A	0.28%	0.13%	0.13%
FLR	B	0.05%	0.03%	0.03%
FMC	D	0.18%	0.03%	0.03%
FNF	B	0.17%	0.06%	0.06%
FOXA	B	0.49%	0.1%	0.1%
FTV	C	0.08%	0.03%	0.03%
G	B	0.2%	0.03%	0.03%
GD	F	0.08%	0.21%	0.08%
GIS	D	0.15%	0.11%	0.11%
GL	B	0.13%	0.03%	0.03%
GM	B	0.56%	0.79%	0.56%
GNW	A	0.03%	0.03%	0.03%
GPC	D	0.15%	0.05%	0.05%
GPI	A	0.18%	0.05%	0.05%
GT	C	0.13%	0.04%	0.04%
GXO	B	0.05%	0.02%	0.02%
HAL	C	0.45%	0.06%	0.06%
HBAN	A	0.42%	0.08%	0.08%
HD	A	0.09%	0.8%	0.09%
HIG	B	0.35%	0.14%	0.14%
HII	D	0.1%	0.03%	0.03%
HOG	D	0.18%	0.02%	0.02%
HOLX	D	0.08%	0.04%	0.04%
HPE	B	0.46%	0.21%	0.21%
HPQ	B	0.18%	0.21%	0.18%
HRL	D	0.24%	0.03%	0.03%
HSIC	B	0.04%	0.04%	0.04%
HST	C	0.17%	0.04%	0.04%
HSY	F	0.16%	0.04%	0.04%
HTZ	C	0.15%	0.01%	0.01%
HUBG	A	0.08%	0.02%	0.02%
HUM	C	0.16%	0.19%	0.16%
IEX	B	0.09%	0.03%	0.03%
INGR	B	0.14%	0.05%	0.05%
INTC	D	0.37%	0.89%	0.37%
IP	B	0.3%	0.17%	0.17%
IPG	D	0.08%	0.04%	0.04%
IVZ	B	0.04%	0.05%	0.04%
J	F	0.09%	0.05%	0.05%
JAZZ	B	0.19%	0.01%	0.01%
JBHT	C	0.19%	0.05%	0.05%
JBL	B	0.14%	0.06%	0.06%
JEF	A	0.05%	0.06%	0.05%
JNJ	D	0.16%	0.89%	0.16%
JWN	C	0.09%	0.01%	0.01%
JXN	C	0.24%	0.04%	0.04%
KBH	D	0.16%	0.03%	0.03%
KDP	D	0.16%	0.07%	0.07%
KEY	B	0.2%	0.1%	0.1%
KEYS	A	0.08%	0.04%	0.04%
KHC	F	0.23%	0.09%	0.09%
KIM	A	0.19%	0.03%	0.03%
KMI	A	0.42%	0.23%	0.23%
KNX	B	0.09%	0.04%	0.04%
KR	B	0.36%	0.3%	0.3%
KSS	F	0.11%	0.06%	0.06%
L	A	0.37%	0.05%	0.05%
LAD	A	0.2%	0.07%	0.07%
LEA	D	0.19%	0.05%	0.05%
LEN	D	0.4%	0.16%	0.16%
LH	C	0.09%	0.09%	0.09%
LHX	C	0.09%	0.16%	0.09%
LILAK	D	0.07%	0.01%	0.01%
LKQ	D	0.13%	0.05%	0.05%
LMT	D	0.08%	0.37%	0.08%
LNC	B	0.19%	0.05%	0.05%
LNG	B	0.41%	0.06%	0.06%
LNT	A	0.25%	0.04%	0.04%
LOW	D	0.08%	0.43%	0.08%
LPX	B	0.09%	0.04%	0.04%
LSTR	D	0.04%	0.03%	0.03%
LUV	C	0.28%	0.02%	0.02%
LYB	F	0.38%	0.14%	0.14%
M	D	0.17%	0.06%	0.06%
MAA	B	0.08%	0.03%	0.03%
MAS	D	0.08%	0.05%	0.05%
MATX	C	0.2%	0.02%	0.02%
MDLZ	F	0.08%	0.2%	0.08%
MDT	D	0.08%	0.16%	0.08%
MDU	D	0.16%	0.02%	0.02%
MGM	D	0.04%	0.06%	0.04%
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%	0.05%	0.05%
MOS	F	0.17%	0.06%	0.06%
MPC	D	0.42%	0.4%	0.4%
MS	A	0.32%	0.46%	0.32%
MSM	C	0.09%	0.01%	0.01%
MTB	A	0.31%	0.11%	0.11%
MTG	C	0.21%	0.02%	0.02%
MTH	D	0.19%	0.03%	0.03%
MUR	D	0.21%	0.02%	0.02%
MUSA	A	0.05%	0.04%	0.04%
NAVI	C	0.1%	0.02%	0.02%
NDSN	B	0.08%	0.02%	0.02%
NFG	A	0.17%	0.02%	0.02%
NI	A	0.27%	0.05%	0.05%
NKE	D	0.07%	0.19%	0.07%
NOV	C	0.22%	0.02%	0.02%
NUE	C	0.43%	0.19%	0.19%
NVR	D	0.17%	0.08%	0.08%
NWSA	B	0.19%	0.04%	0.04%
NXST	C	0.13%	0.03%	0.03%
OC	A	0.39%	0.07%	0.07%
ODFL	B	0.1%	0.06%	0.06%
ODP	F	0.04%	0.02%	0.02%
OGE	B	0.13%	0.03%	0.03%
OGN	D	0.1%	0.04%	0.04%
OI	C	0.02%	0.02%	0.02%
OKE	A	0.21%	0.14%	0.14%
OLN	D	0.11%	0.03%	0.03%
OMC	C	0.09%	0.08%	0.08%
OMF	A	0.15%	0.06%	0.06%
ON	D	0.32%	0.04%	0.04%
ORI	A	0.09%	0.05%	0.05%
OSK	B	0.24%	0.04%	0.04%
OVV	B	0.25%	0.06%	0.06%
OXY	D	0.43%	0.11%	0.11%
PAG	B	0.13%	0.02%	0.02%
PBF	D	0.22%	0.03%	0.03%
PCAR	B	0.51%	0.15%	0.15%
PEP	F	0.08%	0.41%	0.08%
PFG	D	0.09%	0.09%	0.09%
PFGC	B	0.05%	0.06%	0.05%
PHM	D	0.39%	0.11%	0.11%
PII	D	0.1%	0.02%	0.02%
PK	B	0.13%	0.02%	0.02%
PKG	A	0.19%	0.07%	0.07%
PNC	B	0.2%	0.3%	0.2%
PNW	B	0.18%	0.04%	0.04%
POR	C	0.17%	0.02%	0.02%
POST	C	0.12%	0.02%	0.02%
PPG	F	0.16%	0.08%	0.08%
PPL	B	0.26%	0.11%	0.11%
PRGO	B	0.04%	0.01%	0.01%
PRU	A	0.18%	0.22%	0.18%
PSX	C	0.43%	0.36%	0.36%
PVH	C	0.22%	0.04%	0.04%
PYPL	B	0.09%	0.22%	0.09%
R	B	0.2%	0.07%	0.07%
REZI	A	0.13%	0.02%	0.02%
RF	A	0.29%	0.09%	0.09%
RGA	A	0.18%	0.04%	0.04%
RHI	B	0.05%	0.04%	0.04%
RJF	A	0.23%	0.05%	0.05%
RS	B	0.47%	0.09%	0.09%
RUSHA	C	0.2%	0.02%	0.02%
SANM	B	0.15%	0.03%	0.03%
SBUX	A	0.09%	0.28%	0.09%
SEE	C	0.04%	0.03%	0.03%
SEIC	B	0.1%	0.03%	0.03%
SJM	D	0.12%	0.05%	0.05%
SKX	D	0.08%	0.02%	0.02%
SLB	C	0.36%	0.12%	0.12%
SLM	A	0.09%	0.04%	0.04%
SM	B	0.24%	0.02%	0.02%
SNA	A	0.32%	0.06%	0.06%
SNX	C	0.12%	0.03%	0.03%
SOLV	C	0.17%	0.02%	0.02%
SON	D	0.12%	0.02%	0.02%
SRE	A	0.38%	0.13%	0.13%
SSNC	B	0.17%	0.04%	0.04%
STLD	B	0.48%	0.11%	0.11%
STT	A	0.27%	0.1%	0.1%
STWD	C	0.04%	0.02%	0.02%
STX	D	0.23%	0.09%	0.09%
SWKS	F	0.3%	0.04%	0.04%
SYF	B	0.57%	0.34%	0.34%
SYY	B	0.24%	0.1%	0.1%
T	A	0.44%	1.27%	0.44%
TAP	C	0.23%	0.05%	0.05%
TDS	B	0.13%	0.05%	0.05%
TDY	B	0.28%	0.03%	0.03%
TGNA	B	0.14%	0.02%	0.02%
TGT	F	0.25%	0.38%	0.25%
THO	B	0.13%	0.04%	0.04%
TKR	D	0.08%	0.02%	0.02%
TMHC	B	0.22%	0.04%	0.04%
TOL	B	0.43%	0.06%	0.06%
TPH	D	0.2%	0.03%	0.03%
TPR	B	0.05%	0.05%	0.05%
TROW	B	0.48%	0.13%	0.13%
TRV	B	0.28%	0.31%	0.28%
TSN	B	0.19%	0.2%	0.19%
TTC	D	0.04%	0.02%	0.02%
TXT	D	0.25%	0.06%	0.06%
UFPI	B	0.09%	0.04%	0.04%
UGI	A	0.2%	0.04%	0.04%
UHAL	D	0.07%	0.02%	0.02%
UHS	D	0.15%	0.08%	0.08%
ULTA	F	0.25%	0.03%	0.03%
UNM	A	0.21%	0.06%	0.06%
UPS	C	0.08%	0.28%	0.08%
USB	A	0.28%	0.32%	0.28%
VAC	B	0.13%	0.02%	0.02%
VLO	C	0.45%	0.39%	0.39%
VOYA	B	0.04%	0.03%	0.03%
VSH	D	0.11%	0.01%	0.01%
VTRS	A	0.38%	0.1%	0.1%
VZ	C	0.32%	1.13%	0.32%
WCC	B	0.16%	0.04%	0.04%
WEC	A	0.17%	0.08%	0.08%
WERN	C	0.08%	0.02%	0.02%
WFC	A	0.45%	1.35%	0.45%
WHR	B	0.14%	0.08%	0.08%
WKC	D	0.11%	0.08%	0.08%
WLK	D	0.15%	0.02%	0.02%
WPC	D	0.08%	0.02%	0.02%
WRB	A	0.09%	0.03%	0.03%
WTRG	B	0.09%	0.01%	0.01%
WU	D	0.11%	0.03%	0.03%
WY	D	0.08%	0.09%	0.08%
XEL	A	0.37%	0.12%	0.12%
XOM	B	0.45%	1.99%	0.45%
XRX	F	0.08%	0.02%	0.02%
ZBH	C	0.35%	0.05%	0.05%
ZION	B	0.16%	0.06%	0.06%

FAB Overweight 320 Positions Relative to FNDX

Symbol	Grade	Weight
UAL	A	0.7%
MTDR	B	0.26%
AGO	B	0.25%
NOG	A	0.25%
HP	B	0.24%
ATKR	C	0.23%
PTEN	C	0.23%
AMR	C	0.22%
CHRD	D	0.22%
NFE	D	0.22%
URBN	C	0.22%
CIVI	D	0.22%
HCC	B	0.22%
CADE	B	0.21%
ZM	B	0.21%
CXW	B	0.21%
RDN	C	0.21%
TEX	D	0.21%
LBRT	D	0.2%
RIOT	C	0.2%
LBRDK	C	0.2%
RNR	C	0.2%
ESNT	D	0.19%
RRC	B	0.19%
OZK	B	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%
ADTN	A	0.18%
COOP	B	0.18%
WBS	A	0.17%
SR	A	0.17%
BMBL	C	0.16%
SUM	B	0.16%
GBX	A	0.16%
SIG	B	0.16%
BYD	C	0.15%
AMKR	D	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
CUBI	C	0.15%
JBT	B	0.15%
FNB	A	0.15%
COLB	A	0.15%
RIG	D	0.14%
KMT	B	0.14%
EIG	B	0.14%
AXS	A	0.14%
TALO	C	0.14%
DNOW	B	0.14%
ULH	B	0.14%
PINC	B	0.14%
GMS	B	0.14%
VTLE	C	0.14%
VLY	B	0.14%
CABO	C	0.14%
GIII	D	0.13%
WS	B	0.13%
KOS	F	0.13%
CRGY	B	0.13%
SPNT	A	0.13%
IART	C	0.13%
OGS	A	0.13%
APLE	B	0.13%
RLJ	C	0.13%
GPOR	B	0.13%
HELE	C	0.13%
SWX	B	0.13%
GEF	A	0.13%
RES	D	0.12%
ASH	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%
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%
MRC	B	0.11%
CCS	D	0.11%
WMK	C	0.11%
SEB	F	0.11%
SAH	A	0.11%
DBRG	F	0.11%
USM	B	0.11%
PHIN	A	0.11%
EBC	B	0.11%
GHC	C	0.11%
FOR	F	0.11%
CAL	D	0.11%
FFBC	A	0.11%
NWE	B	0.1%
CRC	B	0.1%
ABCB	B	0.1%
ABR	C	0.1%
OEC	C	0.1%
MLKN	D	0.1%
IDA	A	0.1%
PRG	C	0.1%
PB	A	0.1%
UBSI	B	0.1%
EQC	B	0.1%
NWN	A	0.1%
VNT	B	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%
WTFC	A	0.1%
AMWD	C	0.1%
GES	F	0.1%
FRME	B	0.09%
TNET	D	0.09%
FIVE	F	0.09%
PFBC	B	0.09%
ALKS	B	0.09%
KFY	B	0.09%
COLM	B	0.09%
WSBC	A	0.09%
CATY	B	0.09%
CRK	B	0.09%
SLGN	A	0.09%
SASR	B	0.09%
CASH	A	0.09%
BNL	D	0.09%
PDCO	D	0.09%
PLYA	B	0.09%
CUZ	B	0.09%
PNM	F	0.09%
BANR	B	0.09%
CVBF	A	0.09%
ACA	A	0.09%
VSTS	C	0.09%
BOKF	B	0.09%
HIW	D	0.09%
BUSE	B	0.08%
ARCB	C	0.08%
MODG	F	0.08%
WGO	C	0.08%
REYN	D	0.08%
MCRI	A	0.08%
PTVE	B	0.08%
SNDR	B	0.08%
ALG	B	0.08%
HOPE	B	0.08%
FIBK	A	0.08%
FCF	A	0.08%
SRCE	B	0.08%
NX	C	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%
WSFS	A	0.08%
HY	D	0.08%
RNST	B	0.08%
SFNC	B	0.08%
EFSC	B	0.08%
VRTS	B	0.08%
FULT	A	0.08%
TTMI	B	0.07%
LC	A	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%
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%
GRBK	D	0.06%
ASB	B	0.06%
SCVL	F	0.06%
VSAT	F	0.06%
SSTK	F	0.06%
LGIH	D	0.06%
WAL	B	0.05%
ROG	D	0.05%
PATK	D	0.05%
ALIT	C	0.05%
DFIN	D	0.05%
SEM	B	0.05%
DEA	D	0.05%
DNB	B	0.05%
SHEN	F	0.05%
THRM	D	0.05%
YETI	C	0.05%
LCII	C	0.05%
SSB	B	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%
ROCK	C	0.05%
GO	C	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%
PNFP	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%
LFUS	F	0.04%
WD	D	0.04%
FUL	F	0.04%
MAT	D	0.04%
NJR	A	0.04%
AVNT	B	0.04%
FELE	B	0.04%
SKY	A	0.04%
WTS	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%
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%
OPCH	D	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%
CWEN	C	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%
NVEE	F	0.02%
KFRC	D	0.02%
NNI	D	0.02%
STC	B	0.02%
NMRK	B	0.02%
CNMD	C	0.02%
MSEX	B	0.02%
UPBD	B	0.02%
EVTC	B	0.02%
PGRE	F	0.02%

FAB Underweight 376 Positions Relative to FNDX

Symbol	Grade	Weight
AAPL	C	-4.35%
MSFT	F	-2.43%
BRK.A	B	-2.17%
JPM	A	-2.03%
META	D	-1.79%
AMZN	C	-1.56%
WMT	A	-1.47%
GOOGL	C	-1.33%
UNH	C	-1.22%
GOOG	C	-1.14%
PG	A	-0.77%
PFE	D	-0.68%
COST	B	-0.66%
LUMN	C	-0.65%
GS	A	-0.62%
AVGO	D	-0.61%
IBM	C	-0.54%
ORCL	B	-0.5%
ABBV	D	-0.49%
PM	B	-0.48%
BMY	B	-0.45%
QCOM	F	-0.43%
MRK	F	-0.42%
CAT	B	-0.41%
NVDA	C	-0.4%
AMGN	D	-0.39%
MU	D	-0.38%
HON	B	-0.37%
MO	A	-0.37%
GILD	C	-0.37%
AXP	A	-0.36%
V	A	-0.36%
KO	D	-0.35%
MMM	D	-0.35%
UNP	C	-0.35%
RTX	C	-0.34%
ABT	B	-0.34%
TXN	C	-0.34%
MCD	D	-0.34%
LIN	D	-0.33%
MA	C	-0.29%
TSLA	B	-0.28%
BLK	C	-0.28%
ALL	A	-0.27%
DFS	B	-0.26%
MET	A	-0.26%
SO	D	-0.26%
BK	A	-0.26%
TMO	F	-0.25%
TMUS	B	-0.25%
NEE	D	-0.24%
AMAT	F	-0.24%
BKNG	A	-0.24%
TFC	A	-0.23%
ETN	A	-0.23%
PGR	A	-0.23%
TJX	A	-0.22%
NSC	B	-0.21%
ADBE	C	-0.2%
NOC	D	-0.2%
LLY	F	-0.2%
HCA	F	-0.2%
WMB	A	-0.17%
WBA	F	-0.17%
NFLX	A	-0.17%
EMR	A	-0.17%
VST	B	-0.16%
JCI	C	-0.16%
DHR	F	-0.15%
AMP	A	-0.15%
SPGI	C	-0.15%
ADP	B	-0.15%
LRCX	F	-0.15%
ITW	B	-0.15%
WM	A	-0.15%
CRM	B	-0.15%
GE	D	-0.15%
FCX	D	-0.14%
MMC	B	-0.14%
GLW	B	-0.14%
CL	D	-0.13%
PH	A	-0.13%
SCHW	B	-0.13%
SYK	C	-0.13%
BX	A	-0.13%
ADI	D	-0.13%
AON	A	-0.13%
NEM	D	-0.13%
CBRE	B	-0.13%
FI	A	-0.13%
URI	B	-0.13%
FIS	C	-0.12%
WDC	D	-0.12%
KKR	A	-0.12%
ORLY	B	-0.11%
PARA	C	-0.11%
MCK	B	-0.11%
PEG	A	-0.11%
BDX	F	-0.11%
BA	F	-0.11%
ICE	C	-0.11%
INTU	C	-0.11%
AMT	D	-0.11%
KMB	D	-0.1%
REGN	F	-0.1%
CEG	D	-0.1%
WELL	A	-0.1%
NRG	B	-0.1%
SPG	B	-0.1%
MRO	B	-0.09%
GPN	B	-0.09%
SW	A	-0.09%
ISRG	A	-0.09%
EA	A	-0.09%
BSX	B	-0.09%
MAR	B	-0.09%
APH	A	-0.09%
CCI	D	-0.09%
AMD	F	-0.09%
GEHC	F	-0.09%
NTRS	A	-0.08%
USFD	A	-0.08%
CHRW	C	-0.08%
VTR	C	-0.08%
YUM	B	-0.08%
ES	D	-0.08%
KLAC	D	-0.08%
CME	A	-0.08%
GWW	B	-0.08%
DLR	B	-0.08%
EQIX	A	-0.08%
CTAS	B	-0.08%
ECL	D	-0.08%
JLL	D	-0.08%
WBD	C	-0.08%
SHW	A	-0.08%
K	A	-0.07%
BAX	D	-0.07%
IQV	D	-0.07%
VFC	C	-0.07%
MSI	B	-0.07%
HWM	A	-0.07%
SWK	D	-0.07%
WTW	B	-0.07%
TRGP	B	-0.07%
THC	D	-0.07%
MCO	B	-0.07%
NTAP	C	-0.07%
STZ	D	-0.07%
CAH	B	-0.07%
PWR	A	-0.07%
PLD	D	-0.07%
X	C	-0.07%
ZTS	D	-0.07%
ROST	C	-0.07%
LDOS	C	-0.07%
VRTX	F	-0.07%
FAST	B	-0.07%
HES	B	-0.06%
DVA	B	-0.06%
TSCO	D	-0.06%
CPAY	A	-0.06%
ROK	B	-0.06%
BALL	D	-0.06%
AZO	C	-0.06%
AA	B	-0.06%
MHK	D	-0.06%
CCL	B	-0.06%
FLEX	A	-0.06%
IRM	D	-0.06%
HLT	A	-0.06%
EME	C	-0.06%
TT	A	-0.06%
RSG	A	-0.06%
PAYX	C	-0.06%
WAB	B	-0.06%
DOV	A	-0.06%
TDG	D	-0.06%
KMX	B	-0.06%
ACM	A	-0.05%
VNO	B	-0.05%
MNST	C	-0.05%
VMC	B	-0.05%
MKL	A	-0.05%
CSL	C	-0.05%
NXPI	D	-0.05%
DLTR	F	-0.05%
MCHP	D	-0.05%
IFF	D	-0.05%
JNPR	F	-0.05%
AES	F	-0.05%
AJG	B	-0.05%
BXP	D	-0.05%
OTIS	C	-0.05%
KD	B	-0.05%
AVB	B	-0.05%
ALSN	B	-0.05%
EQH	B	-0.05%
CASY	A	-0.05%
ROP	B	-0.05%
AME	A	-0.05%
SFM	A	-0.05%
PSA	D	-0.05%
KVUE	A	-0.05%
A	D	-0.05%
ANET	C	-0.04%
O	D	-0.04%
UBER	D	-0.04%
GAP	C	-0.04%
EXPE	B	-0.04%
TER	D	-0.04%
AVY	D	-0.04%
ZIM	C	-0.04%
LVS	C	-0.04%
PNR	A	-0.04%
FYBR	D	-0.04%
RPM	A	-0.04%
CMG	B	-0.04%
DOX	D	-0.04%
CCK	C	-0.04%
WAT	B	-0.04%
ZBRA	B	-0.04%
DKS	C	-0.04%
CHD	B	-0.04%
EW	C	-0.04%
GEN	B	-0.04%
LPLA	A	-0.04%
AYI	B	-0.04%
WSM	B	-0.04%
VRSK	A	-0.04%
EVR	B	-0.04%
MAN	D	-0.04%
MLM	B	-0.04%
GEV	B	-0.04%
MRVL	B	-0.04%
CDW	F	-0.04%
DELL	C	-0.03%
EXP	A	-0.03%
THG	A	-0.03%
PRI	A	-0.03%
INVH	D	-0.03%
SCI	B	-0.03%
ACI	C	-0.03%
MRNA	F	-0.03%
ACGL	D	-0.03%
CPRT	A	-0.03%
GNTX	C	-0.03%
TRU	D	-0.03%
SQ	B	-0.03%
ITT	A	-0.03%
RVTY	F	-0.03%
BURL	A	-0.03%
ILMN	D	-0.03%
CW	B	-0.03%
LII	A	-0.03%
GDDY	A	-0.03%
STE	F	-0.03%
APO	B	-0.03%
PCG	A	-0.03%
SNV	B	-0.03%
ALB	C	-0.03%
MSCI	C	-0.03%
TTWO	A	-0.03%
QRVO	F	-0.03%
MTD	D	-0.03%
AMCR	D	-0.03%
ARMK	B	-0.03%
EFX	F	-0.03%
GPK	C	-0.03%
HAS	D	-0.03%
EXR	D	-0.03%
FL	F	-0.03%
RRX	B	-0.03%
RL	B	-0.03%
CACI	D	-0.03%
ESS	B	-0.03%
JHG	A	-0.03%
XYL	D	-0.03%
SNPS	B	-0.03%
EWBC	A	-0.03%
NDAQ	A	-0.03%
TRMB	B	-0.03%
CIEN	B	-0.03%
GRMN	B	-0.03%
FFIV	B	-0.03%
CG	A	-0.03%
HUN	F	-0.03%
EL	F	-0.03%
IT	C	-0.03%
DECK	A	-0.03%
PANW	C	-0.03%
DPZ	C	-0.03%
BAH	F	-0.03%
WSO	A	-0.03%
RMD	C	-0.03%
IR	B	-0.03%
CDNS	B	-0.03%
MTZ	B	-0.03%
ADSK	A	-0.03%
MKC	D	-0.03%
FTNT	C	-0.03%
NWL	B	-0.03%
HBI	B	-0.03%
HUBB	B	-0.03%
BR	A	-0.03%
MTN	C	-0.02%
COHR	B	-0.02%
ALV	C	-0.02%
FLO	D	-0.02%
MPW	F	-0.02%
LEG	F	-0.02%
CHKP	D	-0.02%
TFX	F	-0.02%
ARCH	B	-0.02%
AER	B	-0.02%
NSIT	F	-0.02%
KBR	F	-0.02%
MKSI	C	-0.02%
GLPI	C	-0.02%
LW	C	-0.02%
ANSS	B	-0.02%
SBAC	D	-0.02%
WST	C	-0.02%
CCEP	C	-0.02%
LECO	B	-0.02%
ST	F	-0.02%
TPX	B	-0.02%
SLG	B	-0.02%
GGG	B	-0.02%
CTLT	B	-0.02%
PENN	C	-0.02%
IDXX	F	-0.02%
JKHY	D	-0.02%
CPT	B	-0.02%
POOL	C	-0.02%
ALGN	D	-0.02%
DCI	B	-0.02%
FCNCA	A	-0.02%
NVT	B	-0.02%
AVTR	F	-0.02%
AOS	F	-0.02%
CNH	C	-0.02%
SUI	D	-0.02%
LAMR	D	-0.02%
REG	B	-0.02%
BRX	A	-0.02%
UDR	B	-0.02%
VICI	C	-0.02%
ATR	B	-0.02%
EHC	B	-0.02%
SAIC	F	-0.02%
BRO	B	-0.02%
GNRC	B	-0.02%
COR	B	-0.02%
BAP	B	-0.02%
AXTA	A	-0.02%
VRSN	F	-0.01%
DBX	B	-0.01%
ICLR	D	-0.01%
SPTN	D	-0.01%
CHE	D	-0.01%
CYH	F	-0.01%
BLD	D	-0.01%
CBOE	B	-0.01%
FSLR	F	-0.01%
NOW	A	-0.01%
TNL	A	-0.01%
QRTEA	F	-0.01%
AAL	B	-0.01%
ALLE	D	-0.01%
FTI	A	-0.01%
HRB	D	-0.01%
XRAY	F	-0.01%
LULU	C	-0.01%
UNFI	A	-0.01%
CPRI	F	-0.01%