FAB vs. IUS ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Invesco Strategic US ETF (IUS)

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

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.77

Average Daily Volume

55,038

Number of Holdings ^*

545

* may have additional holdings in another (foreign) market

Performance

Period	FAB	IUS
30 Days	6.40%	3.50%
60 Days	5.80%	3.79%
90 Days	6.32%	5.45%
12 Months	27.56%	27.21%

255 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in IUS	Overlap
AAP	C	0.18%	0.02%	0.02%
ABG	B	0.14%	0.04%	0.04%
ACN	C	0.09%	0.48%	0.09%
ADM	D	0.38%	0.28%	0.28%
ADNT	F	0.09%	0.02%	0.02%
AFG	A	0.05%	0.05%	0.05%
AGCO	D	0.08%	0.04%	0.04%
AIZ	A	0.09%	0.06%	0.06%
AKAM	D	0.22%	0.04%	0.04%
AMG	B	0.23%	0.04%	0.04%
AMKR	D	0.15%	0.02%	0.02%
AMR	C	0.22%	0.02%	0.02%
AN	C	0.12%	0.05%	0.05%
ANDE	D	0.09%	0.03%	0.03%
APA	D	0.2%	0.05%	0.05%
APD	A	0.09%	0.15%	0.09%
APTV	D	0.33%	0.05%	0.05%
AR	B	0.09%	0.05%	0.05%
ARW	D	0.15%	0.08%	0.08%
ASO	F	0.18%	0.02%	0.02%
ATKR	C	0.23%	0.01%	0.01%
AVT	C	0.17%	0.05%	0.05%
BBY	D	0.23%	0.13%	0.13%
BC	C	0.12%	0.03%	0.03%
BCC	B	0.17%	0.03%	0.03%
BECN	B	0.1%	0.04%	0.04%
BEN	C	0.18%	0.03%	0.03%
BERY	B	0.14%	0.07%	0.07%
BFH	B	0.15%	0.05%	0.05%
BG	F	0.4%	0.13%	0.13%
BIIB	F	0.22%	0.05%	0.05%
BJ	A	0.05%	0.05%	0.05%
BKR	B	0.3%	0.18%	0.18%
BLDR	D	0.24%	0.12%	0.12%
BTU	B	0.13%	0.04%	0.04%
BWA	D	0.2%	0.05%	0.05%
CAG	D	0.07%	0.06%	0.06%
CAR	C	0.06%	0.07%	0.06%
CARR	D	0.16%	0.11%	0.11%
CB	C	0.35%	0.43%	0.35%
CE	F	0.24%	0.03%	0.03%
CF	B	0.35%	0.1%	0.1%
CHRD	D	0.22%	0.04%	0.04%
CHTR	C	0.31%	0.34%	0.31%
CI	F	0.08%	0.64%	0.08%
CINF	A	0.48%	0.1%	0.1%
CIVI	D	0.22%	0.04%	0.04%
CLF	F	0.15%	0.05%	0.05%
CLX	B	0.09%	0.04%	0.04%
CMC	B	0.23%	0.04%	0.04%
CMCSA	B	0.45%	1.13%	0.45%
CMI	A	0.1%	0.16%	0.1%
CMS	C	0.17%	0.06%	0.06%
CNC	D	0.27%	0.32%	0.27%
CNP	B	0.36%	0.1%	0.1%
CNX	A	0.25%	0.05%	0.05%
COP	C	0.47%	0.68%	0.47%
CPB	D	0.08%	0.03%	0.03%
CSCO	B	0.19%	0.74%	0.19%
CSX	B	0.18%	0.21%	0.18%
CTRA	B	0.46%	0.13%	0.13%
CTSH	B	0.37%	0.14%	0.14%
CTVA	C	0.08%	0.14%	0.08%
CVI	F	0.1%	0.02%	0.02%
CVS	D	0.38%	1.02%	0.38%
CVX	A	0.48%	1.68%	0.48%
CZR	F	0.04%	0.05%	0.04%
DAL	C	0.56%	0.06%	0.06%
DAN	D	0.08%	0.02%	0.02%
DAR	C	0.19%	0.03%	0.03%
DD	D	0.08%	0.14%	0.08%
DE	A	0.24%	0.38%	0.24%
DG	F	0.32%	0.07%	0.07%
DGX	A	0.26%	0.07%	0.07%
DHI	D	0.3%	0.17%	0.17%
DINO	D	0.21%	0.09%	0.09%
DIS	B	0.2%	0.57%	0.2%
DK	C	0.05%	0.03%	0.03%
DOW	F	0.21%	0.18%	0.18%
DRI	B	0.18%	0.06%	0.06%
DTE	C	0.24%	0.1%	0.1%
DVN	F	0.44%	0.12%	0.12%
DXC	B	0.18%	0.08%	0.08%
EBAY	D	0.24%	0.12%	0.12%
ED	D	0.32%	0.14%	0.14%
EG	C	0.41%	0.1%	0.1%
ELV	F	0.14%	0.39%	0.14%
EMN	D	0.12%	0.05%	0.05%
EOG	A	0.48%	0.35%	0.35%
EQT	B	0.41%	0.1%	0.1%
EXC	C	0.33%	0.17%	0.17%
EXPD	D	0.08%	0.08%	0.08%
F	C	0.46%	0.54%	0.46%
FAF	A	0.04%	0.04%	0.04%
FANG	D	0.37%	0.16%	0.16%
FBIN	D	0.04%	0.03%	0.03%
FDX	B	0.37%	0.37%	0.37%
FE	C	0.16%	0.09%	0.09%
FLR	B	0.05%	0.04%	0.04%
FOXA	B	0.49%	0.15%	0.15%
FTV	C	0.08%	0.06%	0.06%
GD	F	0.08%	0.19%	0.08%
GIS	D	0.15%	0.13%	0.13%
GM	B	0.56%	0.96%	0.56%
GPC	D	0.15%	0.06%	0.06%
GPI	A	0.18%	0.06%	0.06%
GT	C	0.13%	0.04%	0.04%
GXO	B	0.05%	0.03%	0.03%
HAL	C	0.45%	0.1%	0.1%
HD	A	0.09%	0.89%	0.09%
HIG	B	0.35%	0.18%	0.18%
HII	D	0.1%	0.03%	0.03%
HOG	D	0.18%	0.03%	0.03%
HOLX	D	0.08%	0.05%	0.05%
HP	B	0.24%	0.02%	0.02%
HPE	B	0.46%	0.21%	0.21%
HPQ	B	0.18%	0.18%	0.18%
HRL	D	0.24%	0.05%	0.05%
HSIC	B	0.04%	0.04%	0.04%
HST	C	0.17%	0.04%	0.04%
HSY	F	0.16%	0.06%	0.06%
HTZ	C	0.15%	0.04%	0.04%
HUM	C	0.16%	0.26%	0.16%
IAC	D	0.04%	0.02%	0.02%
INGR	B	0.14%	0.04%	0.04%
INTC	D	0.37%	0.42%	0.37%
IP	B	0.3%	0.14%	0.14%
IPG	D	0.08%	0.05%	0.05%
J	F	0.09%	0.06%	0.06%
JAZZ	B	0.19%	0.03%	0.03%
JBHT	C	0.19%	0.05%	0.05%
JBL	B	0.14%	0.11%	0.11%
JNJ	D	0.16%	0.9%	0.16%
KBH	D	0.16%	0.04%	0.04%
KDP	D	0.16%	0.11%	0.11%
KEYS	A	0.08%	0.05%	0.05%
KHC	F	0.23%	0.22%	0.22%
KMI	A	0.42%	0.28%	0.28%
KNX	B	0.09%	0.05%	0.05%
KR	B	0.36%	0.36%	0.36%
KSS	F	0.11%	0.04%	0.04%
LAD	A	0.2%	0.08%	0.08%
LBRDK	C	0.2%	0.06%	0.06%
LEA	D	0.19%	0.05%	0.05%
LEN	D	0.4%	0.2%	0.2%
LH	C	0.09%	0.1%	0.09%
LHX	C	0.09%	0.15%	0.09%
LKQ	D	0.13%	0.05%	0.05%
LMT	D	0.08%	0.47%	0.08%
LNG	B	0.41%	0.25%	0.25%
LOW	D	0.08%	0.47%	0.08%
LUV	C	0.28%	0.03%	0.03%
LYB	F	0.38%	0.13%	0.13%
M	D	0.17%	0.05%	0.05%
MAS	D	0.08%	0.04%	0.04%
MDLZ	F	0.08%	0.22%	0.08%
MDT	D	0.08%	0.34%	0.08%
MGM	D	0.04%	0.07%	0.04%
MOH	F	0.16%	0.07%	0.07%
MOS	F	0.17%	0.09%	0.09%
MPC	D	0.42%	0.65%	0.42%
MTDR	B	0.26%	0.03%	0.03%
MTH	D	0.19%	0.03%	0.03%
MUR	D	0.21%	0.03%	0.03%
MUSA	A	0.05%	0.05%	0.05%
NFG	A	0.17%	0.03%	0.03%
NKE	D	0.07%	0.25%	0.07%
NOV	C	0.22%	0.02%	0.02%
NUE	C	0.43%	0.21%	0.21%
NVR	D	0.17%	0.07%	0.07%
NWSA	B	0.19%	0.06%	0.06%
NXST	C	0.13%	0.04%	0.04%
OC	A	0.39%	0.07%	0.07%
ODFL	B	0.1%	0.05%	0.05%
ODP	F	0.04%	0.02%	0.02%
OGS	A	0.13%	0.03%	0.03%
OKE	A	0.21%	0.18%	0.18%
OLN	D	0.11%	0.04%	0.04%
OMC	C	0.09%	0.07%	0.07%
OMF	A	0.15%	0.06%	0.06%
ON	D	0.32%	0.06%	0.06%
ORI	A	0.09%	0.07%	0.07%
OSK	B	0.24%	0.03%	0.03%
OVV	B	0.25%	0.09%	0.09%
OXY	D	0.43%	0.28%	0.28%
PBF	D	0.22%	0.06%	0.06%
PCAR	B	0.51%	0.17%	0.17%
PEP	F	0.08%	0.41%	0.08%
PFGC	B	0.05%	0.12%	0.05%
PHM	D	0.39%	0.1%	0.1%
PII	D	0.1%	0.03%	0.03%
PKG	A	0.19%	0.07%	0.07%
POST	C	0.12%	0.03%	0.03%
PPG	F	0.16%	0.07%	0.07%
PPL	B	0.26%	0.1%	0.1%
PRGO	B	0.04%	0.02%	0.02%
PSX	C	0.43%	0.46%	0.43%
PVH	C	0.22%	0.04%	0.04%
PYPL	B	0.09%	0.33%	0.09%
R	B	0.2%	0.08%	0.08%
RGA	A	0.18%	0.11%	0.11%
RHI	B	0.05%	0.03%	0.03%
RNR	C	0.2%	0.06%	0.06%
RRC	B	0.19%	0.03%	0.03%
RS	B	0.47%	0.08%	0.08%
SBUX	A	0.09%	0.21%	0.09%
SIG	B	0.16%	0.03%	0.03%
SJM	D	0.12%	0.06%	0.06%
SKX	D	0.08%	0.03%	0.03%
SLB	C	0.36%	0.18%	0.18%
SM	B	0.24%	0.03%	0.03%
SNA	A	0.32%	0.06%	0.06%
SNEX	B	0.06%	0.12%	0.06%
SNX	C	0.12%	0.11%	0.11%
SON	D	0.12%	0.02%	0.02%
SSNC	B	0.17%	0.05%	0.05%
STLD	B	0.48%	0.13%	0.13%
STX	D	0.23%	0.04%	0.04%
SWKS	F	0.3%	0.05%	0.05%
SYY	B	0.24%	0.18%	0.18%
T	A	0.44%	1.36%	0.44%
TAP	C	0.23%	0.09%	0.09%
TDS	B	0.13%	0.05%	0.05%
TDY	B	0.28%	0.05%	0.05%
TGNA	B	0.14%	0.03%	0.03%
TGT	F	0.25%	0.25%	0.25%
THO	B	0.13%	0.04%	0.04%
TMHC	B	0.22%	0.05%	0.05%
TNET	D	0.09%	0.03%	0.03%
TOL	B	0.43%	0.07%	0.07%
TPR	B	0.05%	0.06%	0.05%
TROW	B	0.48%	0.08%	0.08%
TRV	B	0.28%	0.28%	0.28%
TSN	B	0.19%	0.18%	0.18%
TXT	D	0.25%	0.07%	0.07%
UAL	A	0.7%	0.08%	0.08%
UFPI	B	0.09%	0.03%	0.03%
UGI	A	0.2%	0.04%	0.04%
UHS	D	0.15%	0.07%	0.07%
ULTA	F	0.25%	0.05%	0.05%
UPS	C	0.08%	0.43%	0.08%
VLO	C	0.45%	0.47%	0.45%
VTRS	A	0.38%	0.15%	0.15%
VZ	C	0.32%	1.14%	0.32%
WCC	B	0.16%	0.05%	0.05%
WHR	B	0.14%	0.07%	0.07%
WKC	D	0.11%	0.09%	0.09%
WRB	A	0.09%	0.08%	0.08%
WU	D	0.11%	0.02%	0.02%
WY	D	0.08%	0.06%	0.06%
XEL	A	0.37%	0.18%	0.18%
XOM	B	0.45%	2.41%	0.45%
XRX	F	0.08%	0.02%	0.02%
ZBH	C	0.35%	0.07%	0.07%
ZM	B	0.21%	0.05%	0.05%

FAB Overweight 410 Positions Relative to IUS

Symbol	Grade	Weight
SYF	B	0.57%
WFC	A	0.45%
AIG	B	0.45%
COF	B	0.43%
HBAN	A	0.42%
CFG	B	0.4%
ETR	B	0.39%
SRE	A	0.38%
C	A	0.38%
CRBG	B	0.37%
L	A	0.37%
ALLY	C	0.36%
AEE	A	0.36%
ATO	A	0.36%
MS	A	0.32%
MTB	A	0.31%
BAC	A	0.3%
RF	A	0.29%
USB	A	0.28%
FITB	A	0.28%
NI	A	0.27%
STT	A	0.27%
AGO	B	0.25%
D	C	0.25%
NOG	A	0.25%
LNT	A	0.25%
AFL	B	0.25%
EQR	B	0.25%
JXN	C	0.24%
DUK	C	0.24%
RJF	A	0.23%
PTEN	C	0.23%
AL	B	0.23%
AEP	D	0.23%
NFE	D	0.22%
URBN	C	0.22%
HCC	B	0.22%
CADE	B	0.21%
MTG	C	0.21%
UNM	A	0.21%
CXW	B	0.21%
RDN	C	0.21%
TEX	D	0.21%
LBRT	D	0.2%
PNC	B	0.2%
G	B	0.2%
RIOT	C	0.2%
MATX	C	0.2%
KEY	B	0.2%
RUSHA	C	0.2%
TPH	D	0.2%
KIM	A	0.19%
ESNT	D	0.19%
LNC	B	0.19%
OZK	B	0.19%
CNO	A	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%
PNW	B	0.18%
ADTN	A	0.18%
COOP	B	0.18%
FMC	D	0.18%
PRU	A	0.18%
POR	C	0.17%
WBS	A	0.17%
CNXC	F	0.17%
FHN	A	0.17%
SOLV	C	0.17%
SR	A	0.17%
BBWI	D	0.17%
FNF	B	0.17%
EVRG	A	0.17%
WEC	A	0.17%
MDU	D	0.16%
ARE	D	0.16%
BMBL	C	0.16%
SUM	B	0.16%
GBX	A	0.16%
DOC	D	0.16%
ZION	B	0.16%
EIX	B	0.16%
BYD	C	0.15%
SANM	B	0.15%
CTOS	C	0.15%
ECVT	C	0.15%
WLK	D	0.15%
CUBI	C	0.15%
JBT	B	0.15%
FNB	A	0.15%
ALK	C	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%
REZI	A	0.13%
GIII	D	0.13%
VAC	B	0.13%
WS	B	0.13%
KOS	F	0.13%
CRGY	B	0.13%
SPNT	A	0.13%
IART	C	0.13%
PAG	B	0.13%
PK	B	0.13%
APLE	B	0.13%
RLJ	C	0.13%
GPOR	B	0.13%
OGE	B	0.13%
HELE	C	0.13%
GL	B	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%
AEO	F	0.11%
VSH	D	0.11%
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%
NAVI	C	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%
CMA	A	0.1%
SBH	C	0.1%
GEO	B	0.1%
SEIC	B	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%
OGN	D	0.1%
WTFC	A	0.1%
AMWD	C	0.1%
GES	F	0.1%
MLI	C	0.1%
FRME	B	0.09%
WTRG	B	0.09%
PFG	D	0.09%
MSM	C	0.09%
FIVE	F	0.09%
CRL	C	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%
JWN	C	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%
LPX	B	0.09%
PNM	F	0.09%
BANR	B	0.09%
SLM	A	0.09%
IEX	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%
WPC	D	0.08%
MODG	F	0.08%
WERN	C	0.08%
WGO	C	0.08%
TKR	D	0.08%
AWK	D	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%
HUBG	A	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%
NDSN	B	0.08%
SFNC	B	0.08%
MIDD	C	0.08%
MAA	B	0.08%
EFSC	B	0.08%
VRTS	B	0.08%
FULT	A	0.08%
ASGN	F	0.08%
TTMI	B	0.07%
LC	A	0.07%
LILAK	D	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%
UHAL	D	0.07%
MMS	F	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%
HMN	B	0.06%
FHB	A	0.06%
CRI	D	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%
JEF	A	0.05%
ABM	B	0.05%
ENOV	C	0.05%
MTX	B	0.05%
WAFD	B	0.05%
TOWN	B	0.05%
EPAM	C	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%
FOXF	F	0.04%
AVNS	F	0.04%
RYN	D	0.04%
LFUS	F	0.04%
TTC	D	0.04%
WD	D	0.04%
FUL	F	0.04%
BPOP	B	0.04%
STWD	C	0.04%
SEE	C	0.04%
LSTR	D	0.04%
MAT	D	0.04%
NJR	A	0.04%
IVZ	B	0.04%
AVNT	B	0.04%
FELE	B	0.04%
SKY	A	0.04%
WTS	B	0.04%
VOYA	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%
GNW	A	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%
CC	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%
OI	C	0.02%
MSEX	B	0.02%
UPBD	B	0.02%
EVTC	B	0.02%
PGRE	F	0.02%

FAB Underweight 290 Positions Relative to IUS

Symbol	Grade	Weight
AAPL	C	-4.81%
GOOGL	C	-3.66%
BRK.A	B	-2.95%
MSFT	F	-2.68%
META	D	-2.2%
AMZN	C	-2.07%
UNH	C	-1.58%
WMT	A	-1.3%
NVDA	C	-0.97%
PG	A	-0.75%
COST	B	-0.74%
V	A	-0.74%
AVGO	D	-0.73%
TSLA	B	-0.7%
RTX	C	-0.65%
BMY	B	-0.64%
MCK	B	-0.63%
ABBV	D	-0.63%
PFE	D	-0.61%
IBM	C	-0.54%
AXP	A	-0.53%
CRM	B	-0.52%
CAH	B	-0.48%
MA	C	-0.45%
COR	B	-0.45%
CAT	B	-0.45%
KO	D	-0.43%
LUMN	C	-0.42%
GE	D	-0.41%
BKNG	A	-0.41%
TMUS	B	-0.4%
LIN	D	-0.39%
MRK	F	-0.39%
ABT	B	-0.38%
GILD	C	-0.38%
PM	B	-0.37%
FI	A	-0.36%
NFLX	A	-0.35%
ORCL	B	-0.35%
MO	A	-0.34%
TMO	F	-0.31%
HON	B	-0.31%
PGR	A	-0.3%
MCD	D	-0.29%
QCOM	F	-0.29%
TJX	A	-0.28%
WBD	C	-0.28%
MMM	D	-0.27%
ADBE	C	-0.27%
ALL	A	-0.26%
BX	A	-0.26%
TXN	C	-0.26%
UNP	C	-0.25%
AMGN	D	-0.23%
HCA	F	-0.22%
LLY	F	-0.22%
DELL	C	-0.22%
NOC	D	-0.21%
DHR	F	-0.21%
AMD	F	-0.2%
AMAT	F	-0.2%
INTU	C	-0.19%
VST	B	-0.18%
JCI	C	-0.17%
ADP	B	-0.17%
MMC	B	-0.17%
MU	D	-0.17%
WM	A	-0.16%
MAR	B	-0.16%
NSC	B	-0.16%
AON	A	-0.16%
ETN	A	-0.16%
SYK	C	-0.15%
BDX	F	-0.15%
EMR	A	-0.15%
URI	B	-0.14%
CBRE	B	-0.14%
ITW	B	-0.14%
PH	A	-0.14%
MRO	B	-0.14%
REGN	F	-0.14%
TRGP	B	-0.14%
EXPE	B	-0.14%
GLW	B	-0.13%
ISRG	A	-0.13%
ABNB	C	-0.13%
LRCX	F	-0.13%
SHW	A	-0.13%
ORLY	B	-0.13%
NEM	D	-0.13%
PSA	D	-0.13%
AZO	C	-0.13%
UNFI	A	-0.12%
BSX	B	-0.12%
CCL	B	-0.12%
TT	A	-0.12%
ACI	C	-0.12%
WBA	F	-0.12%
FCX	D	-0.12%
CL	D	-0.12%
KMB	D	-0.11%
RCL	A	-0.11%
VRTX	F	-0.11%
UBER	D	-0.11%
BA	F	-0.11%
FLEX	A	-0.11%
X	C	-0.1%
HLT	A	-0.1%
KLAC	D	-0.1%
EQIX	A	-0.1%
MKL	A	-0.1%
USFD	A	-0.1%
WTW	B	-0.1%
STZ	D	-0.1%
ROST	C	-0.1%
PARA	C	-0.1%
EA	A	-0.1%
ACGL	D	-0.1%
NOW	A	-0.1%
APP	B	-0.1%
SQ	B	-0.1%
GWW	B	-0.09%
SW	A	-0.09%
ZIM	C	-0.09%
ZTS	D	-0.09%
MRVL	B	-0.09%
MELI	D	-0.09%
APH	A	-0.09%
RSG	A	-0.08%
ECL	D	-0.08%
ADSK	A	-0.08%
PWR	A	-0.08%
K	A	-0.08%
MSI	B	-0.08%
HES	B	-0.08%
VRSK	A	-0.08%
CHRW	C	-0.08%
CTAS	B	-0.07%
FAST	B	-0.07%
NRG	B	-0.07%
IQV	D	-0.07%
WCN	A	-0.07%
MCO	B	-0.07%
TWLO	A	-0.07%
FTNT	C	-0.07%
PANW	C	-0.07%
DASH	A	-0.07%
MCHP	D	-0.07%
SWK	D	-0.07%
AMCR	D	-0.07%
WAB	B	-0.07%
KMX	B	-0.07%
THC	D	-0.07%
ROP	B	-0.07%
IFF	D	-0.07%
TX	F	-0.07%
LDOS	C	-0.06%
WDAY	B	-0.06%
ROK	B	-0.06%
SATS	D	-0.06%
VMC	B	-0.06%
DLTR	F	-0.06%
IR	B	-0.06%
LVS	C	-0.06%
DKS	C	-0.06%
CPAY	A	-0.06%
IRM	D	-0.06%
TSCO	D	-0.06%
NTAP	C	-0.06%
AME	A	-0.06%
PAYX	C	-0.06%
SNPS	B	-0.06%
LPLA	A	-0.06%
BAX	D	-0.06%
JLL	D	-0.06%
GEHC	F	-0.06%
MNST	C	-0.05%
BALL	D	-0.05%
CSL	C	-0.05%
LYV	A	-0.05%
LULU	C	-0.05%
MHK	D	-0.05%
COHR	B	-0.05%
CDNS	B	-0.05%
NDAQ	A	-0.05%
CMG	B	-0.05%
WSM	B	-0.05%
CASY	A	-0.05%
A	D	-0.05%
EME	C	-0.05%
ARMK	B	-0.05%
ALB	C	-0.05%
CPNG	D	-0.05%
MLM	B	-0.05%
HWM	A	-0.05%
OTIS	C	-0.05%
VFC	C	-0.05%
GRMN	B	-0.05%
GDDY	A	-0.05%
CDW	F	-0.05%
NCLH	B	-0.05%
DOV	A	-0.05%
ACM	A	-0.05%
DVA	B	-0.05%
TPG	A	-0.05%
EFX	F	-0.04%
KD	B	-0.04%
SBAC	D	-0.04%
NWL	B	-0.04%
XYL	D	-0.04%
MAN	D	-0.04%
GPK	C	-0.04%
FFIV	B	-0.04%
RMD	C	-0.04%
BR	A	-0.04%
STE	F	-0.04%
WDC	D	-0.04%
RPM	A	-0.04%
IT	C	-0.04%
SCI	B	-0.04%
MSCI	C	-0.04%
RRX	B	-0.04%
RH	B	-0.04%
H	B	-0.04%
AA	B	-0.04%
TTWO	A	-0.04%
UTHR	C	-0.04%
PENN	C	-0.04%
DOX	D	-0.04%
CHD	B	-0.04%
EL	F	-0.04%
AES	F	-0.04%
CEG	D	-0.04%
JNPR	F	-0.04%
BURL	A	-0.04%
RL	B	-0.04%
ANET	C	-0.04%
GEN	B	-0.04%
TDG	D	-0.04%
CCK	C	-0.04%
EW	C	-0.04%
MKC	D	-0.04%
YUM	B	-0.03%
MTN	C	-0.03%
AVTR	F	-0.03%
MTD	D	-0.03%
SAIC	F	-0.03%
AAL	B	-0.03%
WSC	D	-0.03%
ALGN	D	-0.03%
FSLR	F	-0.03%
VVV	F	-0.03%
ARCH	B	-0.03%
VRSN	F	-0.03%
HUN	F	-0.03%
HAS	D	-0.03%
GAP	C	-0.03%
POOL	C	-0.03%
ANSS	B	-0.03%
HRB	D	-0.03%
PR	B	-0.03%
NU	C	-0.03%
CACI	D	-0.03%
SNOW	C	-0.03%
AVY	D	-0.03%
TW	A	-0.03%
DECK	A	-0.03%
BAH	F	-0.03%
ALV	C	-0.03%
HUBB	B	-0.03%
CPRT	A	-0.03%
ILMN	D	-0.03%
FTI	A	-0.03%
BRO	B	-0.03%
CBOE	B	-0.03%
FYBR	D	-0.03%
JHG	A	-0.03%
WSO	A	-0.03%
DXCM	D	-0.02%
CPRI	F	-0.02%
MRNA	F	-0.02%
TER	D	-0.02%
CNM	D	-0.02%
PINS	D	-0.02%
ELAN	D	-0.02%
NSIT	F	-0.02%
AOS	F	-0.02%
QRVO	F	-0.02%
CSGP	D	-0.02%
WST	C	-0.02%