FAB vs. SAA ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to ProShares Ultra SmallCap600 (SAA)

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

$86.72

Average Daily Volume

2,684

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

SAA

ProShares Ultra SmallCap600

SAA Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.42

Average Daily Volume

9,089

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

Performance

Period	FAB	SAA
30 Days	1.31%	2.94%
60 Days	2.55%	3.57%
90 Days	6.66%	12.45%
12 Months	24.32%	45.04%

231 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in SAA	Overlap
AAP	C	0.18%	0.1%	0.1%
ABCB	B	0.1%	0.2%	0.1%
ABG	B	0.14%	0.24%	0.14%
ABM	B	0.05%	0.16%	0.05%
ABR	B	0.1%	0.13%	0.1%
ACA	A	0.09%	0.23%	0.09%
ADNT	F	0.09%	0.08%	0.08%
AEO	F	0.11%	0.15%	0.11%
AGO	A	0.25%	0.2%	0.2%
AIN	C	0.02%	0.12%	0.02%
AIR	B	0.03%	0.1%	0.03%
AL	A	0.23%	0.22%	0.22%
ALEX	B	0.05%	0.06%	0.05%
ALG	C	0.08%	0.09%	0.08%
ALK	A	0.15%	0.29%	0.15%
ALKS	C	0.09%	0.21%	0.09%
AMN	F	0.06%	0.05%	0.05%
AMR	C	0.22%	0.12%	0.12%
AMWD	B	0.1%	0.07%	0.07%
ANDE	C	0.09%	0.07%	0.07%
APLE	B	0.13%	0.16%	0.13%
ARCB	C	0.08%	0.12%	0.08%
ARI	C	0.05%	0.05%	0.05%
ASO	F	0.18%	0.17%	0.17%
AUB	A	0.05%	0.17%	0.05%
AVA	C	0.12%	0.13%	0.12%
AVNS	F	0.04%	0.04%	0.04%
BANR	A	0.09%	0.11%	0.09%
BBWI	C	0.17%	0.3%	0.17%
BCC	A	0.17%	0.25%	0.17%
BFH	B	0.15%	0.13%	0.13%
BHE	B	0.05%	0.08%	0.05%
BHLB	B	0.03%	0.06%	0.03%
BKE	A	0.08%	0.06%	0.06%
BKU	A	0.08%	0.13%	0.08%
BLMN	F	0.02%	0.05%	0.02%
BTU	B	0.13%	0.16%	0.13%
CABO	C	0.14%	0.08%	0.08%
CAL	F	0.11%	0.05%	0.05%
CASH	B	0.09%	0.09%	0.09%
CATY	A	0.09%	0.17%	0.09%
CBU	B	0.03%	0.16%	0.03%
CCS	F	0.11%	0.11%	0.11%
CENTA	C	0.1%	0.07%	0.07%
CMA	B	0.1%	0.41%	0.1%
CNMD	C	0.02%	0.1%	0.02%
CNXN	D	0.02%	0.04%	0.02%
COOP	B	0.18%	0.29%	0.18%
CRC	A	0.1%	0.18%	0.1%
CRGY	A	0.13%	0.09%	0.09%
CRK	A	0.09%	0.05%	0.05%
CSGS	B	0.06%	0.07%	0.06%
CUBI	B	0.15%	0.07%	0.07%
CVBF	A	0.09%	0.13%	0.09%
CVCO	B	0.03%	0.18%	0.03%
CVI	D	0.1%	0.03%	0.03%
CWEN	C	0.02%	0.04%	0.02%
CWEN	C	0.02%	0.1%	0.02%
CXW	B	0.21%	0.11%	0.11%
DAN	F	0.08%	0.05%	0.05%
DEA	D	0.05%	0.06%	0.05%
DEI	B	0.03%	0.15%	0.03%
DFIN	D	0.05%	0.07%	0.05%
DIOD	F	0.07%	0.13%	0.07%
DNOW	B	0.14%	0.07%	0.07%
DRH	B	0.1%	0.09%	0.09%
DXC	D	0.18%	0.18%	0.18%
EIG	A	0.14%	0.06%	0.06%
EPC	D	0.12%	0.08%	0.08%
EVTC	C	0.02%	0.1%	0.02%
FBK	B	0.03%	0.09%	0.03%
FBNC	B	0.06%	0.08%	0.06%
FCF	A	0.08%	0.08%	0.08%
FDP	A	0.03%	0.05%	0.03%
FELE	B	0.04%	0.19%	0.04%
FFBC	A	0.11%	0.12%	0.11%
FHB	B	0.06%	0.16%	0.06%
FOXF	F	0.04%	0.06%	0.04%
FUL	F	0.04%	0.19%	0.04%
FULT	A	0.08%	0.17%	0.08%
GBX	A	0.16%	0.09%	0.09%
GEO	A	0.1%	0.16%	0.1%
GES	F	0.1%	0.02%	0.02%
GIII	D	0.13%	0.06%	0.06%
GMS	B	0.14%	0.18%	0.14%
GNW	A	0.03%	0.14%	0.03%
GO	C	0.05%	0.08%	0.05%
GOGO	C	0.06%	0.02%	0.02%
GPI	B	0.18%	0.24%	0.18%
GPRE	F	0.02%	0.03%	0.02%
GRBK	D	0.06%	0.1%	0.06%
HAYW	A	0.03%	0.1%	0.03%
HCC	B	0.22%	0.18%	0.18%
HELE	C	0.13%	0.06%	0.06%
HIW	D	0.09%	0.16%	0.09%
HMN	B	0.06%	0.08%	0.06%
HOPE	B	0.08%	0.07%	0.07%
HP	C	0.24%	0.16%	0.16%
HTH	B	0.05%	0.07%	0.05%
HTZ	C	0.15%	0.02%	0.02%
HUBG	A	0.08%	0.13%	0.08%
IAC	F	0.04%	0.17%	0.04%
IART	C	0.13%	0.07%	0.07%
INDB	A	0.12%	0.14%	0.12%
INVA	C	0.12%	0.05%	0.05%
IOSP	C	0.05%	0.14%	0.05%
JBGS	F	0.02%	0.07%	0.02%
JBT	A	0.15%	0.17%	0.15%
JXN	B	0.24%	0.37%	0.24%
KALU	C	0.08%	0.06%	0.06%
KAR	A	0.06%	0.1%	0.06%
KFY	B	0.09%	0.19%	0.09%
KLG	D	0.07%	0.05%	0.05%
KMT	B	0.14%	0.1%	0.1%
KSS	F	0.11%	0.09%	0.09%
KWR	C	0.05%	0.11%	0.05%
LBRT	F	0.2%	0.13%	0.13%
LCII	D	0.05%	0.13%	0.05%
LGIH	F	0.06%	0.1%	0.06%
LNC	B	0.19%	0.27%	0.19%
LNN	B	0.05%	0.06%	0.05%
LXP	D	0.02%	0.13%	0.02%
LZB	A	0.1%	0.08%	0.08%
MATX	B	0.2%	0.25%	0.2%
MCRI	A	0.08%	0.05%	0.05%
MCW	C	0.03%	0.04%	0.03%
MDU	D	0.16%	0.16%	0.16%
MGPI	F	0.03%	0.03%	0.03%
MGY	A	0.19%	0.23%	0.19%
MHO	D	0.19%	0.21%	0.19%
MLI	B	0.1%	0.48%	0.1%
MLKN	F	0.1%	0.08%	0.08%
MODG	F	0.08%	0.06%	0.06%
MRTN	C	0.07%	0.05%	0.05%
MSEX	B	0.02%	0.06%	0.02%
MTH	D	0.19%	0.31%	0.19%
MTRN	C	0.03%	0.11%	0.03%
MTX	B	0.05%	0.12%	0.05%
MYRG	C	0.04%	0.11%	0.04%
NAVI	F	0.1%	0.05%	0.05%
NBTB	B	0.03%	0.1%	0.03%
NOG	A	0.25%	0.18%	0.18%
NVEE	F	0.02%	0.05%	0.02%
NWBI	A	0.05%	0.08%	0.05%
NWN	A	0.1%	0.07%	0.07%
NX	C	0.08%	0.06%	0.06%
ODP	F	0.04%	0.04%	0.04%
OFG	B	0.05%	0.09%	0.05%
OGN	F	0.1%	0.19%	0.1%
OI	D	0.02%	0.09%	0.02%
OMI	F	0.06%	0.04%	0.04%
OTTR	C	0.18%	0.15%	0.15%
OXM	F	0.02%	0.05%	0.02%
PARR	D	0.12%	0.04%	0.04%
PATK	C	0.05%	0.13%	0.05%
PBH	A	0.06%	0.18%	0.06%
PDCO	D	0.09%	0.07%	0.07%
PEB	F	0.07%	0.07%	0.07%
PFBC	B	0.09%	0.05%	0.05%
PFS	A	0.03%	0.12%	0.03%
PHIN	A	0.11%	0.1%	0.1%
PINC	B	0.14%	0.11%	0.11%
PLAB	D	0.12%	0.07%	0.07%
PLUS	F	0.02%	0.12%	0.02%
PPBI	B	0.03%	0.12%	0.03%
PRDO	B	0.12%	0.07%	0.07%
PRG	B	0.1%	0.09%	0.09%
PSMT	D	0.05%	0.1%	0.05%
PTEN	C	0.23%	0.13%	0.13%
RC	D	0.02%	0.06%	0.02%
RDN	D	0.21%	0.23%	0.21%
RES	F	0.12%	0.02%	0.02%
REZI	A	0.13%	0.16%	0.13%
RHI	C	0.05%	0.35%	0.05%
RNST	B	0.08%	0.11%	0.08%
ROCK	C	0.05%	0.1%	0.05%
ROG	D	0.05%	0.08%	0.05%
ROIC	A	0.03%	0.1%	0.03%
RUSHA	B	0.2%	0.18%	0.18%
SAFT	B	0.03%	0.06%	0.03%
SAH	B	0.11%	0.04%	0.04%
SANM	B	0.15%	0.21%	0.15%
SBCF	B	0.06%	0.11%	0.06%
SBH	A	0.1%	0.06%	0.06%
SCL	D	0.05%	0.08%	0.05%
SCSC	B	0.1%	0.05%	0.05%
SCVL	F	0.06%	0.03%	0.03%
SEE	D	0.04%	0.23%	0.04%
SEM	B	0.05%	0.19%	0.05%
SFNC	B	0.08%	0.14%	0.08%
SHEN	F	0.05%	0.03%	0.03%
SHO	D	0.12%	0.1%	0.1%
SHOO	D	0.02%	0.15%	0.02%
SIG	C	0.16%	0.2%	0.16%
SJW	F	0.07%	0.07%	0.07%
SM	C	0.24%	0.22%	0.22%
SNDR	B	0.08%	0.07%	0.07%
SNEX	A	0.06%	0.12%	0.06%
SPNT	A	0.13%	0.06%	0.06%
SSTK	F	0.06%	0.04%	0.04%
STBA	B	0.05%	0.07%	0.05%
STC	A	0.02%	0.09%	0.02%
TALO	C	0.14%	0.07%	0.07%
TDS	B	0.13%	0.14%	0.13%
TGNA	B	0.14%	0.14%	0.14%
THRM	F	0.05%	0.06%	0.05%
TPH	D	0.2%	0.18%	0.18%
TRMK	B	0.12%	0.11%	0.11%
TTMI	B	0.07%	0.12%	0.07%
UCB	A	0.05%	0.17%	0.05%
UNF	B	0.07%	0.14%	0.07%
UPBD	C	0.02%	0.07%	0.02%
URBN	C	0.22%	0.1%	0.1%
UVV	B	0.12%	0.06%	0.06%
VBTX	B	0.08%	0.07%	0.07%
VRTS	B	0.08%	0.07%	0.07%
VSAT	F	0.06%	0.03%	0.03%
VSCO	A	0.1%	0.12%	0.1%
VSTS	F	0.09%	0.07%	0.07%
VTLE	C	0.14%	0.04%	0.04%
WAFD	B	0.05%	0.13%	0.05%
WD	D	0.04%	0.16%	0.04%
WERN	B	0.08%	0.11%	0.08%
WGO	C	0.08%	0.08%	0.08%
WKC	D	0.11%	0.07%	0.07%
WS	B	0.13%	0.07%	0.07%
WSFS	A	0.08%	0.15%	0.08%
XHR	B	0.07%	0.07%	0.07%
XPEL	C	0.03%	0.05%	0.03%
XRX	F	0.08%	0.05%	0.05%
ZD	B	0.12%	0.11%	0.11%

FAB Overweight 435 Positions Relative to SAA

Symbol	Grade	Weight
UAL	A	0.7%
SYF	B	0.57%
DAL	A	0.56%
GM	B	0.56%
PCAR	B	0.51%
FOXA	B	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	B	0.47%
HPE	B	0.46%
F	C	0.46%
CTRA	A	0.46%
XOM	A	0.45%
WFC	A	0.45%
AIG	A	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	B	0.43%
OXY	D	0.43%
PSX	C	0.43%
TOL	B	0.43%
HBAN	A	0.42%
KMI	A	0.42%
MPC	C	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	D	0.38%
ADM	D	0.38%
CTSH	B	0.37%
CRBG	B	0.37%
L	A	0.37%
XEL	A	0.37%
FANG	C	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	A	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	F	0.3%
BKR	A	0.3%
RF	A	0.29%
TDY	B	0.28%
LUV	A	0.28%
TRV	A	0.28%
USB	A	0.28%
FITB	A	0.28%
NI	A	0.27%
STT	A	0.27%
CNC	F	0.27%
PPL	A	0.26%
MTDR	B	0.26%
DGX	A	0.26%
TXT	D	0.25%
D	C	0.25%
LNT	A	0.25%
AFL	C	0.25%
EQR	C	0.25%
ULTA	F	0.25%
TGT	C	0.25%
OVV	C	0.25%
CNX	A	0.25%
DTE	C	0.24%
CE	F	0.24%
BLDR	D	0.24%
OSK	B	0.24%
DE	C	0.24%
EBAY	D	0.24%
HRL	F	0.24%
DUK	C	0.24%
SYY	B	0.24%
BBY	D	0.23%
AMG	A	0.23%
STX	D	0.23%
RJF	A	0.23%
KHC	F	0.23%
ATKR	C	0.23%
CMC	B	0.23%
AEP	C	0.23%
TAP	B	0.23%
TMHC	B	0.22%
CHRD	D	0.22%
PBF	D	0.22%
BIIB	F	0.22%
NFE	F	0.22%
NOV	D	0.22%
CIVI	C	0.22%
PVH	C	0.22%
AKAM	F	0.22%
DINO	D	0.21%
CADE	B	0.21%
OKE	A	0.21%
ZM	B	0.21%
MTG	C	0.21%
DOW	F	0.21%
UNM	A	0.21%
MUR	D	0.21%
TEX	D	0.21%
R	B	0.2%
PNC	A	0.2%
DIS	B	0.2%
G	A	0.2%
RIOT	C	0.2%
APA	F	0.2%
KEY	A	0.2%
LBRDK	C	0.2%
UGI	C	0.2%
LAD	A	0.2%
RNR	D	0.2%
BWA	B	0.2%
KIM	A	0.19%
ESNT	D	0.19%
JBHT	C	0.19%
TSN	A	0.19%
RRC	B	0.19%
LEA	F	0.19%
CSCO	B	0.19%
DAR	B	0.19%
NWSA	B	0.19%
PKG	B	0.19%
OZK	A	0.19%
CNO	A	0.19%
JAZZ	B	0.19%
DDS	B	0.19%
KRC	C	0.18%
GBDC	A	0.18%
HRI	B	0.18%
BKH	A	0.18%
PNW	A	0.18%
HPQ	A	0.18%
ADTN	A	0.18%
DRI	B	0.18%
CSX	B	0.18%
FMC	F	0.18%
PRU	A	0.18%
HOG	D	0.18%
RGA	A	0.18%
BEN	C	0.18%
POR	C	0.17%
WBS	A	0.17%
CMS	C	0.17%
NVR	D	0.17%
CNXC	F	0.17%
FHN	A	0.17%
SOLV	C	0.17%
AVT	C	0.17%
SR	A	0.17%
MOS	D	0.17%
HST	D	0.17%
M	D	0.17%
FNF	C	0.17%
NFG	A	0.17%
EVRG	A	0.17%
WEC	A	0.17%
SSNC	C	0.17%
MOH	F	0.16%
KDP	F	0.16%
HUM	D	0.16%
KBH	D	0.16%
ARE	F	0.16%
WCC	B	0.16%
BMBL	C	0.16%
SUM	B	0.16%
FE	C	0.16%
DOC	D	0.16%
CARR	D	0.16%
PPG	D	0.16%
HSY	F	0.16%
ZION	A	0.16%
JNJ	D	0.16%
EIX	C	0.16%
BYD	B	0.15%
AMKR	F	0.15%
CTOS	B	0.15%
ECVT	C	0.15%
WLK	F	0.15%
ARW	D	0.15%
OMF	A	0.15%
FNB	A	0.15%
UHS	D	0.15%
GIS	D	0.15%
COLB	B	0.15%
CLF	F	0.15%
GPC	D	0.15%
RIG	D	0.14%
BERY	C	0.14%
ELV	F	0.14%
WHR	A	0.14%
AXS	A	0.14%
JBL	C	0.14%
INGR	B	0.14%
ULH	B	0.14%
VLY	A	0.14%
LKQ	F	0.13%
VAC	C	0.13%
KOS	D	0.13%
THO	B	0.13%
OGS	A	0.13%
PAG	B	0.13%
PK	D	0.13%
NXST	D	0.13%
RLJ	C	0.13%
GT	C	0.13%
GPOR	A	0.13%
OGE	A	0.13%
GL	B	0.13%
SWX	A	0.13%
GEF	B	0.13%
ASH	F	0.12%
EMN	C	0.12%
BY	B	0.12%
PEBO	A	0.12%
SJM	D	0.12%
SON	D	0.12%
VC	F	0.12%
POST	D	0.12%
AN	D	0.12%
IMKTA	C	0.12%
ENS	D	0.12%
SNX	C	0.12%
BC	D	0.12%
VSH	F	0.11%
MRC	B	0.11%
WMK	B	0.11%
SEB	F	0.11%
DBRG	F	0.11%
USM	B	0.11%
EBC	A	0.11%
OLN	F	0.11%
GHC	B	0.11%
FOR	F	0.11%
WU	F	0.11%
NWE	C	0.1%
HII	F	0.1%
CMI	A	0.1%
ODFL	B	0.1%
OEC	C	0.1%
IDA	A	0.1%
PB	A	0.1%
UBSI	A	0.1%
EQC	A	0.1%
VNT	C	0.1%
BV	C	0.1%
HWC	B	0.1%
LADR	B	0.1%
BECN	A	0.1%
SEIC	A	0.1%
HGV	C	0.1%
HOV	F	0.1%
CMCO	C	0.1%
WTFC	A	0.1%
PII	F	0.1%
HD	A	0.09%
FRME	A	0.09%
WTRG	B	0.09%
PFG	A	0.09%
TNET	F	0.09%
MSM	D	0.09%
FIVE	F	0.09%
CRL	D	0.09%
OMC	C	0.09%
CLX	A	0.09%
SBUX	A	0.09%
UFPI	C	0.09%
ACN	C	0.09%
COLM	B	0.09%
WSBC	A	0.09%
JWN	C	0.09%
SLGN	A	0.09%
SASR	A	0.09%
LHX	B	0.09%
BNL	D	0.09%
KNX	B	0.09%
WRB	A	0.09%
PLYA	B	0.09%
CUZ	B	0.09%
LPX	A	0.09%
PNM	B	0.09%
APD	A	0.09%
SLM	A	0.09%
LH	B	0.09%
ORI	A	0.09%
IEX	B	0.09%
J	D	0.09%
AR	B	0.09%
AIZ	A	0.09%
PYPL	A	0.09%
BOKF	A	0.09%
BUSE	B	0.08%
MDLZ	F	0.08%
WPC	D	0.08%
TKR	F	0.08%
AWK	C	0.08%
REYN	D	0.08%
CPB	D	0.08%
WY	D	0.08%
PTVE	C	0.08%
LMT	D	0.08%
EXPD	D	0.08%
SKX	F	0.08%
DD	D	0.08%
FIBK	A	0.08%
CI	D	0.08%
IPG	F	0.08%
SRCE	B	0.08%
MAS	D	0.08%
LAUR	A	0.08%
HOLX	D	0.08%
MDT	D	0.08%
AGCO	D	0.08%
FTV	D	0.08%
TCBK	A	0.08%
KEYS	C	0.08%
GD	D	0.08%
PEP	F	0.08%
HY	D	0.08%
UPS	C	0.08%
CTVA	D	0.08%
NDSN	C	0.08%
MIDD	C	0.08%
MAA	A	0.08%
EFSC	B	0.08%
ASGN	F	0.08%
LOW	A	0.08%
LC	A	0.07%
LILAK	F	0.07%
CAG	F	0.07%
SPB	C	0.07%
NKE	F	0.07%
IPGP	D	0.07%
UHAL	D	0.07%
MMS	D	0.07%
FHI	A	0.06%
DFH	F	0.06%
NIC	B	0.06%
CRI	F	0.06%
CAR	C	0.06%
ASB	B	0.06%
AFG	A	0.05%
BJ	B	0.05%
WAL	B	0.05%
FLR	B	0.05%
ALIT	C	0.05%
DNB	B	0.05%
MUSA	A	0.05%
YETI	F	0.05%
PFGC	B	0.05%
SSB	B	0.05%
SYNA	D	0.05%
CXT	D	0.05%
GXO	B	0.05%
UMBF	B	0.05%
DK	D	0.05%
JEF	A	0.05%
ENOV	C	0.05%
TOWN	B	0.05%
EPAM	B	0.05%
TPR	A	0.05%
HLF	C	0.05%
PNFP	A	0.05%
UPWK	C	0.04%
FBIN	F	0.04%
NSP	F	0.04%
HSIC	C	0.04%
RYN	D	0.04%
CZR	F	0.04%
LFUS	D	0.04%
TTC	D	0.04%
BPOP	D	0.04%
MGM	D	0.04%
STWD	C	0.04%
FAF	C	0.04%
LSTR	D	0.04%
MAT	D	0.04%
NJR	A	0.04%
IVZ	B	0.04%
AVNT	B	0.04%
SKY	A	0.04%
WTS	A	0.04%
PRGO	C	0.04%
VOYA	A	0.04%
HLIO	B	0.03%
IVT	A	0.03%
SAM	C	0.03%
BHF	B	0.03%
TCBI	A	0.03%
OPCH	F	0.03%
OLPX	F	0.02%
GIC	F	0.02%
MSGE	F	0.02%
CMTG	D	0.02%
SHLS	F	0.02%
CC	C	0.02%
KFRC	D	0.02%
NNI	C	0.02%
NMRK	A	0.02%
PGRE	D	0.02%

FAB Underweight 355 Positions Relative to SAA

Symbol	Grade	Weight
LUMN	C	-0.44%
CRS	A	-0.4%
GKOS	B	-0.35%
ATI	D	-0.33%
CSWI	A	-0.32%
SPSC	F	-0.31%
VFC	C	-0.31%
BMI	C	-0.3%
AWI	B	-0.3%
AVAV	C	-0.29%
MOG.A	B	-0.29%
ETSY	D	-0.28%
MMSI	A	-0.27%
ACIW	B	-0.27%
MARA	C	-0.26%
EPRT	C	-0.26%
BCPC	B	-0.26%
INSP	F	-0.26%
ADMA	C	-0.25%
DY	C	-0.25%
FSS	B	-0.25%
CORT	C	-0.25%
ITRI	B	-0.25%
ZWS	B	-0.25%
SLG	B	-0.24%
SHAK	B	-0.24%
PIPR	A	-0.24%
MC	B	-0.24%
KRYS	C	-0.23%
EAT	A	-0.23%
CTRE	D	-0.23%
PECO	A	-0.22%
NSIT	F	-0.22%
GTES	A	-0.22%
SFBS	B	-0.22%
IBP	F	-0.22%
BOX	B	-0.22%
ITGR	B	-0.21%
IDCC	A	-0.21%
PI	D	-0.21%
RDNT	B	-0.21%
LRN	A	-0.2%
BGC	B	-0.2%
AX	A	-0.2%
AEIS	B	-0.2%
HIMS	C	-0.2%
FTDR	B	-0.2%
WHD	B	-0.2%
KTB	A	-0.2%
SKYW	B	-0.2%
PLXS	B	-0.2%
BOOT	C	-0.19%
SITM	B	-0.19%
MAC	A	-0.19%
STEP	B	-0.19%
GVA	A	-0.19%
ICUI	D	-0.19%
SKT	A	-0.18%
SMTC	C	-0.18%
RXO	C	-0.18%
ESE	A	-0.17%
MGEE	A	-0.17%
CALM	A	-0.17%
WDFC	B	-0.17%
DORM	B	-0.17%
PJT	B	-0.17%
MSGS	B	-0.17%
AROC	A	-0.17%
NWL	B	-0.17%
TGTX	C	-0.17%
VRRM	F	-0.17%
CEIX	A	-0.16%
NPO	A	-0.16%
CCOI	B	-0.16%
AWR	A	-0.15%
POWL	C	-0.15%
CRVL	A	-0.15%
FORM	F	-0.15%
SLVM	B	-0.15%
BXMT	D	-0.15%
SMPL	B	-0.15%
HASI	F	-0.15%
APAM	A	-0.15%
CNK	A	-0.15%
SXT	C	-0.15%
BRC	C	-0.15%
CWK	B	-0.15%
FBP	B	-0.15%
ATGE	B	-0.15%
IIPR	F	-0.14%
ARCH	B	-0.14%
CARG	A	-0.14%
TRN	A	-0.14%
CWT	D	-0.14%
PENN	C	-0.14%
BOH	B	-0.14%
SATS	D	-0.14%
BL	C	-0.14%
ALRM	C	-0.14%
ENV	B	-0.14%
PRK	B	-0.13%
CPK	A	-0.13%
CNS	B	-0.13%
HBI	A	-0.13%
OII	B	-0.13%
GFF	B	-0.13%
UE	B	-0.13%
TMDX	F	-0.13%
PRGS	B	-0.13%
VIRT	A	-0.13%
MPW	F	-0.13%
NMIH	D	-0.13%
YOU	D	-0.12%
VSTO	A	-0.12%
NARI	B	-0.12%
HNI	B	-0.12%
FCPT	C	-0.12%
KLIC	C	-0.12%
PLMR	A	-0.12%
AKR	A	-0.12%
VCEL	B	-0.12%
AGYS	A	-0.12%
ENVA	B	-0.12%
CPRX	C	-0.12%
TBBK	A	-0.12%
TDW	F	-0.12%
PTGX	D	-0.12%
DV	C	-0.12%
GSHD	A	-0.12%
PAYO	A	-0.12%
JJSF	C	-0.12%
EPAC	B	-0.12%
ACLS	F	-0.12%
VIAV	B	-0.11%
HWKN	B	-0.11%
MP	B	-0.11%
YELP	C	-0.11%
OSIS	A	-0.11%
IBTX	B	-0.11%
BANF	B	-0.11%
STRA	C	-0.11%
OUT	A	-0.11%
DOCN	F	-0.11%
SXI	A	-0.11%
AZZ	A	-0.11%
UFPT	C	-0.11%
FTRE	D	-0.1%
TFIN	B	-0.1%
LMAT	A	-0.1%
B	A	-0.1%
MRCY	B	-0.1%
HI	C	-0.1%
CAKE	B	-0.1%
PRVA	B	-0.1%
EXTR	C	-0.1%
ENR	A	-0.1%
LGND	C	-0.1%
BANC	B	-0.1%
ADUS	D	-0.1%
RUN	F	-0.1%
IPAR	C	-0.1%
OMCL	C	-0.1%
RAMP	C	-0.09%
JBLU	D	-0.09%
APOG	B	-0.09%
CHCO	B	-0.09%
ASTH	F	-0.09%
CALX	F	-0.09%
MCY	A	-0.09%
JOE	F	-0.09%
TNDM	F	-0.09%
SUPN	B	-0.09%
NEO	C	-0.09%
FL	F	-0.09%
NATL	C	-0.09%
VYX	C	-0.09%
NHC	B	-0.08%
SONO	C	-0.08%
TRUP	B	-0.08%
KN	B	-0.08%
TRIP	D	-0.08%
LTC	B	-0.08%
TNC	F	-0.08%
UCTT	F	-0.08%
WWW	A	-0.08%
THS	F	-0.08%
CTS	B	-0.08%
PZZA	D	-0.08%
AMPH	F	-0.08%
LKFN	A	-0.08%
NBHC	B	-0.08%
UNIT	B	-0.07%
STAA	F	-0.07%
TILE	B	-0.07%
HLX	C	-0.07%
VRE	A	-0.07%
XNCR	B	-0.07%
CHEF	C	-0.07%
WABC	B	-0.07%
ELME	D	-0.07%
GNL	D	-0.07%
MYGN	F	-0.07%
DVAX	C	-0.07%
GTY	A	-0.07%
NTCT	B	-0.07%
LEG	F	-0.07%
VECO	F	-0.07%
NGVT	B	-0.07%
MXL	D	-0.06%
TGI	A	-0.06%
PLAY	C	-0.06%
QNST	C	-0.06%
WOLF	F	-0.06%
UNFI	A	-0.06%
WT	A	-0.06%
PGNY	F	-0.06%
WOR	F	-0.06%
AAT	C	-0.06%
COHU	D	-0.06%
MD	B	-0.06%
VICR	C	-0.06%
KW	C	-0.06%
HRMY	D	-0.06%
SABR	B	-0.06%
HLIT	F	-0.06%
USPH	C	-0.06%
HCI	C	-0.05%
MMI	B	-0.05%
SBSI	B	-0.05%
ANIP	D	-0.05%
PDFS	D	-0.05%
DLX	A	-0.05%
NXRT	A	-0.05%
CBRL	C	-0.05%
COLL	F	-0.05%
SDGR	D	-0.05%
SXC	A	-0.05%
AHCO	F	-0.05%
ALGT	B	-0.05%
EFC	C	-0.05%
AORT	B	-0.05%
BRKL	B	-0.05%
FBRT	C	-0.05%
AMSF	B	-0.05%
CARS	B	-0.05%
ICHR	C	-0.05%
CSR	B	-0.05%
CENX	B	-0.05%
FIZZ	B	-0.05%
PMT	D	-0.05%
DCOM	A	-0.05%
DGII	B	-0.05%
ECPG	B	-0.05%
PBI	C	-0.05%
EXPI	C	-0.05%
ARLO	D	-0.05%
ATEN	A	-0.05%
CERT	F	-0.05%
NABL	F	-0.04%
AXL	C	-0.04%
PCRX	C	-0.04%
BSIG	A	-0.04%
BJRI	B	-0.04%
CPF	A	-0.04%
ASIX	B	-0.04%
CFFN	B	-0.04%
ASTE	C	-0.04%
EGBN	B	-0.04%
PRA	B	-0.04%
HCSG	B	-0.04%
WNC	C	-0.04%
VIR	F	-0.04%
MNRO	B	-0.04%
EMBC	C	-0.04%
DXPE	B	-0.04%
JACK	C	-0.04%
EYE	C	-0.04%
HFWA	B	-0.04%
CXM	C	-0.04%
TMP	A	-0.04%
VTOL	B	-0.04%
BDN	D	-0.04%
BLFS	D	-0.04%
VVI	B	-0.04%
PRAA	C	-0.04%
RCUS	F	-0.04%
HSII	B	-0.04%
UTL	D	-0.04%
RWT	D	-0.04%
LPG	F	-0.04%
CLB	C	-0.04%
PRLB	B	-0.04%
NVRI	F	-0.03%
IIIN	C	-0.03%
GDOT	D	-0.03%
SNCY	C	-0.03%
MTUS	F	-0.03%
EZPW	A	-0.03%
PUMP	C	-0.03%
AOSL	D	-0.03%
WSR	A	-0.03%
HZO	F	-0.03%
SPTN	F	-0.03%
MLAB	F	-0.03%
HPP	F	-0.03%
SCHL	F	-0.03%
ETD	D	-0.03%
HAIN	F	-0.03%
CEVA	B	-0.03%
FWRD	D	-0.03%
TRST	A	-0.03%
GDEN	B	-0.03%
KREF	D	-0.03%
RGR	F	-0.03%
IRWD	D	-0.03%
INN	D	-0.03%
MATV	F	-0.03%
SMP	C	-0.03%
NBR	D	-0.03%
SWI	B	-0.03%
REX	C	-0.03%
HAFC	A	-0.03%
MATW	C	-0.03%
CTKB	C	-0.03%
AHH	C	-0.03%
TTGT	C	-0.03%
KOP	C	-0.03%
HAYN	A	-0.03%
HSTM	B	-0.03%
SEDG	F	-0.03%
JBSS	F	-0.03%
CENT	C	-0.02%
CNSL	B	-0.02%
TWI	F	-0.02%
FLGT	F	-0.02%
NPK	C	-0.02%
WRLD	D	-0.02%
USNA	C	-0.02%
MYE	F	-0.02%
PAHC	B	-0.02%
THRY	F	-0.02%
SLP	F	-0.02%
BFS	C	-0.02%
RGNX	F	-0.02%
TR	A	-0.02%
BGS	F	-0.02%
HTLD	B	-0.02%
UFCS	A	-0.02%
SVC	F	-0.02%
KELYA	F	-0.02%
UHT	D	-0.02%
AMBC	C	-0.02%
LQDT	A	-0.02%
LESL	C	-0.02%
CRSR	D	-0.01%