FAB vs. VBR ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Vanguard Small-Cap Value ETF - DNQ (VBR)

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

$84.26

Average Daily Volume

3,932

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$200.47

Average Daily Volume

402,248

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VBR
30 Days	1.21%	2.57%
60 Days	0.53%	2.52%
90 Days	7.56%	10.32%
12 Months	23.33%	27.97%

387 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in VBR	Overlap
AAP	F	0.03%	0.08%	0.03%
AAT	C	0.12%	0.04%	0.04%
ABCB	C	0.11%	0.12%	0.11%
ABG	D	0.16%	0.15%	0.15%
ABM	D	0.1%	0.11%	0.1%
ABR	B	0.1%	0.07%	0.07%
ADTN	C	0.16%	0.08%	0.08%
AEO	D	0.12%	0.11%	0.11%
AFG	C	0.05%	0.28%	0.05%
AGCO	D	0.2%	0.17%	0.17%
AGNC	B	0.14%	0.22%	0.14%
AGO	D	0.22%	0.12%	0.12%
AIN	F	0.02%	0.09%	0.02%
AIZ	B	0.1%	0.3%	0.1%
AL	C	0.2%	0.14%	0.14%
ALEX	C	0.06%	0.04%	0.04%
ALK	B	0.12%	0.13%	0.12%
ALLY	F	0.15%	0.35%	0.15%
AMG	C	0.24%	0.16%	0.16%
AMKR	F	0.07%	0.11%	0.07%
AMN	F	0.09%	0.06%	0.06%
AN	C	0.18%	0.17%	0.17%
ANDE	D	0.1%	0.05%	0.05%
APA	F	0.14%	0.31%	0.14%
APAM	C	0.02%	0.08%	0.02%
APOG	B	0.08%	0.04%	0.04%
AR	C	0.03%	0.12%	0.03%
ARCB	D	0.08%	0.07%	0.07%
ARCH	D	0.1%	0.07%	0.07%
ARW	B	0.18%	0.21%	0.18%
ASB	D	0.02%	0.1%	0.02%
ASGN	D	0.09%	0.12%	0.09%
ASH	F	0.12%	0.13%	0.12%
ASO	D	0.24%	0.12%	0.12%
ATKR	F	0.11%	0.1%	0.1%
ATO	B	0.39%	0.54%	0.39%
ATSG	C	0.14%	0.03%	0.03%
ATUS	C	0.03%	0.01%	0.01%
AUB	D	0.06%	0.1%	0.06%
AVA	B	0.13%	0.09%	0.09%
AVNT	B	0.05%	0.13%	0.05%
AVT	B	0.17%	0.15%	0.15%
AX	D	0.08%	0.1%	0.08%
AXS	B	0.14%	0.18%	0.14%
AYI	B	0.09%	0.23%	0.09%
BANR	C	0.09%	0.06%	0.06%
BBWI	D	0.1%	0.2%	0.1%
BC	C	0.14%	0.16%	0.14%
BCC	C	0.21%	0.16%	0.16%
BDC	B	0.06%	0.13%	0.06%
BECN	F	0.08%	0.17%	0.08%
BERY	B	0.14%	0.22%	0.14%
BG	F	0.39%	0.42%	0.39%
BHF	F	0.04%	0.08%	0.04%
BHLB	C	0.03%	0.04%	0.03%
BJ	D	0.04%	0.31%	0.04%
BKE	B	0.08%	0.04%	0.04%
BKH	B	0.19%	0.12%	0.12%
BKU	D	0.12%	0.08%	0.08%
BLMN	F	0.04%	0.04%	0.04%
BMBL	F	0.03%	0.02%	0.02%
BNL	B	0.14%	0.1%	0.1%
BOKF	C	0.1%	0.07%	0.07%
BPOP	C	0.05%	0.22%	0.05%
BTU	C	0.21%	0.08%	0.08%
BWA	C	0.17%	0.23%	0.17%
BXMT	C	0.05%	0.07%	0.05%
CABO	F	0.12%	0.02%	0.02%
CACC	F	0.04%	0.08%	0.04%
CACI	B	0.05%	0.32%	0.05%
CADE	C	0.19%	0.17%	0.17%
CAKE	B	0.02%	0.05%	0.02%
CAR	D	0.07%	0.04%	0.04%
CATY	C	0.11%	0.09%	0.09%
CBRL	D	0.07%	0.03%	0.03%
CBU	D	0.03%	0.09%	0.03%
CCK	B	0.05%	0.32%	0.05%
CENTA	F	0.1%	0.05%	0.05%
CHGG	F	0.07%	0.0%	0.0%
CHK	C	0.19%	0.27%	0.19%
CHRD	F	0.13%	0.26%	0.13%
CLF	F	0.16%	0.18%	0.16%
CMA	C	0.1%	0.22%	0.1%
CMC	D	0.16%	0.18%	0.16%
CMTG	F	0.03%	0.03%	0.03%
CNO	C	0.12%	0.11%	0.11%
CNX	B	0.15%	0.12%	0.12%
CNXC	F	0.21%	0.12%	0.12%
COLB	B	0.22%	0.15%	0.15%
COOP	C	0.19%	0.17%	0.17%
CRC	C	0.09%	0.11%	0.09%
CRI	D	0.1%	0.07%	0.07%
CRUS	D	0.04%	0.23%	0.04%
CSGS	C	0.06%	0.04%	0.04%
CUZ	C	0.16%	0.13%	0.13%
CVBF	D	0.05%	0.07%	0.05%
CVI	F	0.19%	0.03%	0.03%
CWEN	A	0.03%	0.03%	0.03%
CWEN	A	0.03%	0.07%	0.03%
CXW	F	0.12%	0.04%	0.04%
DAN	D	0.08%	0.04%	0.04%
DDS	D	0.1%	0.03%	0.03%
DEI	B	0.06%	0.08%	0.06%
DINO	F	0.18%	0.24%	0.18%
DK	F	0.02%	0.04%	0.02%
DKS	D	0.08%	0.28%	0.08%
DNB	D	0.1%	0.12%	0.1%
DNOW	F	0.11%	0.04%	0.04%
DTM	C	0.09%	0.22%	0.09%
DXC	D	0.18%	0.11%	0.11%
EAT	C	0.05%	0.09%	0.05%
EBC	C	0.15%	0.1%	0.1%
ECVT	F	0.07%	0.02%	0.02%
EHC	B	0.04%	0.28%	0.04%
EIG	C	0.13%	0.04%	0.04%
EMN	B	0.14%	0.35%	0.14%
ENOV	F	0.02%	0.08%	0.02%
ENS	C	0.08%	0.12%	0.08%
EPAM	F	0.18%	0.16%	0.16%
EPC	F	0.09%	0.06%	0.06%
EQC	D	0.07%	0.06%	0.06%
ESGR	D	0.22%	0.12%	0.12%
ESNT	B	0.24%	0.19%	0.19%
EVRG	B	0.19%	0.19%	0.19%
EWBC	C	0.14%	0.34%	0.14%
FAF	B	0.1%	0.18%	0.1%
FBP	C	0.03%	0.1%	0.03%
FCF	D	0.12%	0.05%	0.05%
FDP	C	0.03%	0.03%	0.03%
FFBC	D	0.11%	0.07%	0.07%
FHB	D	0.08%	0.09%	0.08%
FHI	B	0.08%	0.08%	0.08%
FHN	D	0.13%	0.27%	0.13%
FIBK	C	0.08%	0.08%	0.08%
FMC	B	0.23%	0.24%	0.23%
FNB	D	0.13%	0.16%	0.13%
FRME	D	0.11%	0.07%	0.07%
FUL	D	0.05%	0.14%	0.05%
FULT	D	0.05%	0.1%	0.05%
FYBR	C	0.22%	0.21%	0.21%
G	C	0.2%	0.21%	0.2%
GAP	F	0.11%	0.16%	0.11%
GEF	C	0.13%	0.04%	0.04%
GEF	C	0.13%	0.0%	0.0%
GEO	F	0.06%	0.05%	0.05%
GES	F	0.11%	0.02%	0.02%
GHC	B	0.14%	0.07%	0.07%
GL	D	0.16%	0.28%	0.16%
GMS	C	0.19%	0.1%	0.1%
GNW	C	0.03%	0.09%	0.03%
GO	F	0.02%	0.05%	0.02%
GPI	B	0.27%	0.14%	0.14%
GT	F	0.09%	0.07%	0.07%
GTY	C	0.06%	0.05%	0.05%
HE	F	0.14%	0.03%	0.03%
HELE	D	0.06%	0.04%	0.04%
HI	F	0.02%	0.07%	0.02%
HII	F	0.13%	0.33%	0.13%
HIW	C	0.12%	0.1%	0.1%
HLF	F	0.05%	0.02%	0.02%
HMN	C	0.02%	0.04%	0.02%
HNI	C	0.03%	0.07%	0.03%
HOG	C	0.24%	0.13%	0.13%
HOMB	D	0.1%	0.15%	0.1%
HOPE	D	0.09%	0.04%	0.04%
HP	F	0.18%	0.04%	0.04%
HPP	F	0.13%	0.02%	0.02%
HSIC	C	0.05%	0.27%	0.05%
HTH	D	0.05%	0.04%	0.04%
HTLD	F	0.07%	0.02%	0.02%
HTZ	F	0.12%	0.01%	0.01%
HUBG	C	0.1%	0.08%	0.08%
HWC	D	0.09%	0.14%	0.09%
IAC	C	0.1%	0.11%	0.1%
IART	F	0.01%	0.04%	0.01%
IBOC	D	0.11%	0.1%	0.1%
ICUI	C	0.07%	0.11%	0.07%
IDA	B	0.09%	0.15%	0.09%
INDB	D	0.12%	0.08%	0.08%
INVA	C	0.14%	0.03%	0.03%
IPG	C	0.36%	0.36%	0.36%
IPGP	D	0.1%	0.05%	0.05%
IVZ	B	0.05%	0.21%	0.05%
JAZZ	D	0.13%	0.2%	0.13%
JBGS	C	0.03%	0.05%	0.03%
JBL	C	0.25%	0.37%	0.25%
JEF	C	0.05%	0.26%	0.05%
JELD	D	0.08%	0.04%	0.04%
JLL	B	0.05%	0.36%	0.05%
JXN	B	0.26%	0.2%	0.2%
KALU	D	0.04%	0.03%	0.03%
KBH	C	0.26%	0.16%	0.16%
KEX	C	0.04%	0.21%	0.04%
KFRC	F	0.02%	0.04%	0.02%
KFY	C	0.03%	0.11%	0.03%
KIM	C	0.2%	0.46%	0.2%
KMT	B	0.08%	0.06%	0.06%
KN	D	0.07%	0.05%	0.05%
KNX	C	0.13%	0.24%	0.13%
KOP	F	0.12%	0.02%	0.02%
KRC	C	0.22%	0.13%	0.13%
KSS	D	0.1%	0.06%	0.06%
LAD	B	0.25%	0.24%	0.24%
LEA	D	0.16%	0.19%	0.16%
LGND	D	0.09%	0.05%	0.05%
LKQ	F	0.33%	0.16%	0.16%
LNC	C	0.17%	0.16%	0.16%
LPX	B	0.1%	0.18%	0.1%
LXP	C	0.03%	0.09%	0.03%
LZB	C	0.14%	0.05%	0.05%
M	F	0.1%	0.13%	0.1%
MAT	D	0.05%	0.19%	0.05%
MATW	F	0.09%	0.02%	0.02%
MATX	B	0.17%	0.13%	0.13%
MCY	C	0.05%	0.05%	0.05%
MDU	B	0.18%	0.15%	0.15%
MIDD	C	0.1%	0.11%	0.1%
MLI	B	0.16%	0.23%	0.16%
MLKN	F	0.07%	0.06%	0.06%
MOS	F	0.19%	0.27%	0.19%
MSGE	B	0.09%	0.04%	0.04%
MTG	B	0.25%	0.2%	0.2%
MTH	C	0.27%	0.2%	0.2%
MTX	D	0.04%	0.07%	0.04%
MUR	F	0.18%	0.16%	0.16%
NAVI	D	0.11%	0.04%	0.04%
NBHC	D	0.08%	0.05%	0.05%
NBTB	D	0.03%	0.06%	0.03%
NFG	B	0.18%	0.16%	0.16%
NHC	D	0.06%	0.05%	0.05%
NI	B	0.15%	0.22%	0.15%
NJR	C	0.09%	0.13%	0.09%
NMRK	B	0.07%	0.05%	0.05%
NNI	C	0.03%	0.03%	0.03%
NRG	B	0.13%	0.52%	0.13%
NVST	D	0.05%	0.09%	0.05%
NWBI	D	0.08%	0.05%	0.05%
NWE	A	0.14%	0.1%	0.1%
NWN	B	0.13%	0.04%	0.04%
NX	F	0.12%	0.03%	0.03%
NXST	D	0.13%	0.16%	0.13%
OC	C	0.34%	0.43%	0.34%
ODP	F	0.07%	0.03%	0.03%
OFG	C	0.09%	0.06%	0.06%
OGE	B	0.14%	0.23%	0.14%
OGN	D	0.16%	0.17%	0.16%
OGS	B	0.19%	0.11%	0.11%
OI	D	0.08%	0.06%	0.06%
OLN	D	0.12%	0.15%	0.12%
OLPX	D	0.12%	0.01%	0.01%
OMCL	C	0.08%	0.06%	0.06%
OMF	D	0.13%	0.17%	0.13%
OMI	D	0.08%	0.03%	0.03%
ONB	D	0.14%	0.19%	0.14%
ORI	B	0.1%	0.26%	0.1%
OSK	F	0.16%	0.21%	0.16%
OVV	F	0.18%	0.34%	0.18%
OXM	F	0.02%	0.04%	0.02%
OZK	F	0.18%	0.14%	0.14%
PAG	D	0.13%	0.1%	0.1%
PARA	D	0.04%	0.16%	0.04%
PB	D	0.1%	0.2%	0.1%
PBF	F	0.15%	0.1%	0.1%
PBH	C	0.05%	0.11%	0.05%
PCH	C	0.05%	0.1%	0.05%
PCRX	F	0.05%	0.01%	0.01%
PDCO	F	0.09%	0.05%	0.05%
PFS	C	0.03%	0.07%	0.03%
PHIN	C	0.15%	0.06%	0.06%
PII	D	0.14%	0.13%	0.13%
PLXS	B	0.03%	0.1%	0.03%
PNFP	C	0.16%	0.11%	0.11%
PNM	B	0.08%	0.11%	0.08%
PNW	C	0.19%	0.29%	0.19%
POR	B	0.18%	0.15%	0.15%
PPBI	D	0.03%	0.07%	0.03%
PRG	C	0.17%	0.06%	0.06%
PRGO	F	0.09%	0.12%	0.09%
PRIM	B	0.06%	0.08%	0.06%
PSMT	B	0.05%	0.06%	0.05%
PTEN	F	0.17%	0.11%	0.11%
PTVE	D	0.05%	0.01%	0.01%
PVH	D	0.19%	0.16%	0.16%
R	C	0.2%	0.18%	0.18%
RDN	D	0.24%	0.16%	0.16%
REVG	D	0.11%	0.05%	0.05%
REYN	C	0.09%	0.05%	0.05%
REZI	D	0.1%	0.08%	0.08%
RGA	C	0.04%	0.43%	0.04%
RHI	D	0.04%	0.18%	0.04%
RNR	B	0.24%	0.4%	0.24%
RNST	D	0.08%	0.06%	0.06%
ROIC	C	0.06%	0.05%	0.05%
RRC	D	0.11%	0.2%	0.11%
RS	D	0.34%	0.48%	0.34%
RUSHA	C	0.26%	0.1%	0.1%
RYN	C	0.09%	0.13%	0.09%
SAFT	D	0.05%	0.04%	0.04%
SAH	D	0.1%	0.02%	0.02%
SAIC	C	0.09%	0.2%	0.09%
SANM	D	0.13%	0.11%	0.11%
SBH	B	0.12%	0.04%	0.04%
SCHL	D	0.11%	0.02%	0.02%
SCL	D	0.02%	0.05%	0.02%
SEB	D	0.21%	0.02%	0.02%
SEE	C	0.04%	0.15%	0.04%
SEIC	B	0.09%	0.23%	0.09%
SEM	D	0.04%	0.11%	0.04%
SFNC	C	0.09%	0.07%	0.07%
SHOO	B	0.03%	0.05%	0.03%
SIG	C	0.22%	0.1%	0.1%
SIGI	D	0.04%	0.16%	0.04%
SJM	C	0.37%	0.17%	0.17%
SLGN	B	0.1%	0.12%	0.1%
SLM	C	0.09%	0.14%	0.09%
SM	F	0.2%	0.08%	0.08%
SNDR	B	0.11%	0.03%	0.03%
SNV	D	0.05%	0.19%	0.05%
SNX	C	0.09%	0.23%	0.09%
SON	D	0.13%	0.16%	0.13%
SPB	B	0.13%	0.08%	0.08%
SR	B	0.13%	0.1%	0.1%
SSB	C	0.11%	0.22%	0.11%
STBA	D	0.13%	0.05%	0.05%
STLD	C	0.39%	0.26%	0.26%
STRA	F	0.04%	0.06%	0.04%
SUM	D	0.05%	0.15%	0.05%
SWX	C	0.09%	0.15%	0.09%
TAP	D	0.22%	0.28%	0.22%
TCBI	C	0.06%	0.09%	0.06%
TEX	F	0.2%	0.11%	0.11%
TFX	B	0.05%	0.34%	0.05%
TGNA	C	0.13%	0.07%	0.07%
THC	C	0.21%	0.48%	0.21%
THO	C	0.14%	0.16%	0.14%
THS	C	0.03%	0.06%	0.03%
TKR	C	0.13%	0.16%	0.13%
TMHC	B	0.27%	0.2%	0.2%
TOWN	D	0.09%	0.07%	0.07%
TPH	C	0.2%	0.12%	0.12%
TRMK	D	0.05%	0.05%	0.05%
TRS	C	0.05%	0.03%	0.03%
UAA	C	0.14%	0.04%	0.04%
UBSI	D	0.1%	0.15%	0.1%
UCBI	B	0.06%	0.11%	0.06%
UFPI	C	0.15%	0.21%	0.15%
UGI	B	0.09%	0.16%	0.09%
UHAL	B	0.4%	0.02%	0.02%
UHAL	B	0.4%	0.19%	0.19%
UHS	C	0.21%	0.4%	0.21%
UMBF	C	0.11%	0.12%	0.11%
UNF	B	0.08%	0.08%	0.08%
UNM	B	0.18%	0.26%	0.18%
URBN	F	0.15%	0.07%	0.07%
USFD	C	0.05%	0.43%	0.05%
USM	C	0.1%	0.02%	0.02%
UTHR	B	0.14%	0.47%	0.14%
UVV	D	0.13%	0.04%	0.04%
VAC	D	0.06%	0.07%	0.06%
VCTR	B	0.06%	0.04%	0.04%
VLY	D	0.22%	0.11%	0.11%
VNO	B	0.06%	0.17%	0.06%
VOYA	B	0.05%	0.21%	0.05%
VRTS	F	0.07%	0.04%	0.04%
VSAT	F	0.02%	0.05%	0.02%
VSCO	C	0.1%	0.05%	0.05%
VSH	F	0.1%	0.07%	0.07%
WAFD	D	0.06%	0.09%	0.06%
WAL	B	0.17%	0.25%	0.17%
WBS	C	0.18%	0.24%	0.18%
WCC	C	0.14%	0.25%	0.14%
WD	B	0.03%	0.1%	0.03%
WERN	C	0.1%	0.07%	0.07%
WHR	C	0.08%	0.16%	0.08%
WLK	C	0.08%	0.08%	0.08%
WMK	D	0.14%	0.03%	0.03%
WOR	F	0.02%	0.04%	0.02%
WSBC	D	0.08%	0.05%	0.05%
WSFS	D	0.08%	0.1%	0.08%
WTFC	C	0.14%	0.21%	0.14%
WTM	F	0.2%	0.13%	0.13%
WTRG	D	0.08%	0.28%	0.08%
WU	C	0.12%	0.12%	0.12%
XHR	B	0.05%	0.02%	0.02%
XRX	D	0.02%	0.04%	0.02%
ZD	D	0.07%	0.07%	0.07%
ZION	D	0.09%	0.21%	0.09%

FAB Overweight 276 Positions Relative to VBR

Symbol	Grade	Weight
DHI	C	0.59%
LEN	B	0.54%
ETR	A	0.5%
GPN	D	0.49%
FOXA	B	0.49%
EXC	B	0.48%
CINF	C	0.48%
T	B	0.47%
CF	B	0.47%
BRK.A	C	0.47%
ACGL	B	0.46%
UAL	B	0.45%
SYF	C	0.45%
GM	C	0.44%
EG	B	0.43%
CMCSA	C	0.43%
ADM	D	0.43%
EOG	D	0.42%
APTV	D	0.42%
MKL	C	0.42%
CVS	D	0.41%
MTB	C	0.4%
MPC	F	0.4%
XEL	B	0.4%
CE	D	0.4%
COP	F	0.4%
HIG	B	0.39%
CVX	F	0.39%
AEP	C	0.39%
CFG	D	0.39%
PSX	F	0.39%
EQT	C	0.39%
AEE	B	0.39%
EBAY	B	0.39%
NUE	D	0.39%
VTRS	D	0.38%
PCG	C	0.38%
WBD	D	0.38%
FANG	F	0.38%
HBAN	B	0.38%
CB	B	0.38%
CAG	B	0.38%
CNC	D	0.38%
ED	B	0.38%
SNA	B	0.37%
CTRA	F	0.37%
COF	B	0.37%
VLO	F	0.37%
CTSH	B	0.37%
HPE	C	0.37%
L	D	0.36%
VZ	A	0.36%
DVN	F	0.36%
KHC	C	0.36%
KMI	C	0.36%
F	F	0.36%
OXY	F	0.35%
LNG	D	0.35%
LYB	D	0.34%
XOM	D	0.34%
AIG	D	0.33%
TROW	C	0.32%
BEN	F	0.31%
WFC	D	0.31%
STT	B	0.3%
AFL	A	0.3%
RF	B	0.29%
BBY	A	0.29%
USB	C	0.29%
EIX	B	0.29%
D	C	0.29%
GIS	B	0.29%
MHO	B	0.29%
WEC	B	0.29%
FITB	B	0.29%
HAL	F	0.29%
TDY	B	0.28%
FE	B	0.28%
ZM	C	0.28%
DGX	B	0.28%
WPC	C	0.28%
DUK	B	0.28%
CMS	B	0.28%
SRE	B	0.27%
JBHT	D	0.27%
DE	A	0.27%
KR	B	0.27%
INCY	C	0.27%
CHTR	D	0.27%
EQR	C	0.27%
DTE	A	0.27%
FDX	D	0.25%
LUV	C	0.25%
BAC	D	0.25%
BKR	C	0.25%
TXT	D	0.25%
CRBG	C	0.24%
ZBH	F	0.24%
C	C	0.24%
TEL	D	0.24%
SWKS	F	0.23%
LBRDK	C	0.23%
CNP	C	0.22%
PYPL	B	0.22%
FNF	B	0.21%
NOG	F	0.21%
LBRT	F	0.21%
DAR	F	0.21%
HCA	B	0.21%
TRV	C	0.2%
MOH	D	0.2%
PKG	B	0.2%
WY	C	0.2%
LOW	B	0.2%
PNC	C	0.2%
LMT	A	0.2%
SSNC	C	0.2%
KEY	C	0.2%
GS	B	0.19%
APD	B	0.19%
KDP	B	0.19%
CPB	C	0.19%
JNJ	C	0.19%
PEG	B	0.19%
MDT	B	0.19%
BYD	C	0.19%
OKE	C	0.19%
OMC	B	0.19%
NEE	B	0.19%
ARE	C	0.18%
HRL	F	0.18%
TGT	C	0.18%
DOV	B	0.18%
HSY	D	0.18%
MTDR	F	0.18%
CSCO	B	0.18%
NOV	F	0.18%
WRB	D	0.18%
HPQ	C	0.17%
INTC	D	0.17%
DOW	C	0.17%
GPC	D	0.17%
MGY	D	0.17%
PPG	C	0.17%
MS	B	0.17%
CCS	C	0.16%
UPS	D	0.16%
NMIH	C	0.15%
BZH	B	0.15%
GDEN	D	0.13%
IMKTA	D	0.13%
CZR	C	0.13%
ENVA	C	0.13%
LGIH	D	0.13%
CALM	B	0.12%
JBT	C	0.12%
RC	F	0.12%
RLJ	D	0.12%
CUBI	F	0.12%
RYI	F	0.12%
EFSC	D	0.12%
VAL	F	0.12%
PFBC	D	0.11%
ADNT	D	0.11%
CBRE	B	0.11%
OCFC	B	0.11%
K	A	0.11%
MKC	C	0.1%
TRGP	C	0.1%
SASR	C	0.1%
LNT	A	0.1%
BLK	B	0.1%
FBNC	C	0.1%
POOL	C	0.1%
VTR	C	0.1%
PRDO	D	0.1%
ALGT	D	0.1%
KVUE	B	0.1%
PEBO	D	0.1%
WGO	D	0.1%
GD	C	0.09%
CASH	D	0.09%
COLM	C	0.09%
ADV	D	0.09%
J	A	0.09%
NKE	D	0.09%
TSN	D	0.09%
VBTX	C	0.09%
CI	C	0.09%
CTVA	B	0.09%
SSTK	F	0.09%
PFG	B	0.09%
REGN	D	0.09%
ABT	C	0.09%
TALO	F	0.09%
CMI	B	0.09%
JCI	B	0.09%
PARR	F	0.09%
CRK	C	0.09%
MDLZ	C	0.09%
WMT	B	0.09%
AWK	C	0.09%
MAA	C	0.09%
PATK	C	0.09%
LILAK	D	0.09%
HGV	F	0.08%
SJW	F	0.08%
CROX	C	0.08%
MCRI	B	0.08%
ELV	D	0.08%
RJF	C	0.08%
EXPD	B	0.08%
TSCO	B	0.08%
KMB	C	0.08%
BXC	D	0.08%
LHX	C	0.08%
CENX	C	0.08%
SLVM	C	0.08%
CTOS	F	0.08%
DD	B	0.08%
SYY	C	0.08%
PRU	C	0.08%
PLUS	B	0.07%
MRTN	D	0.07%
CMCO	D	0.07%
MODG	F	0.07%
HUM	F	0.07%
RIG	F	0.07%
BIIB	F	0.07%
QCOM	D	0.07%
SKX	C	0.07%
KOS	F	0.07%
CPK	B	0.06%
DFIN	D	0.06%
CNXN	B	0.06%
SBCF	D	0.06%
LCII	C	0.06%
NIC	D	0.06%
SKY	B	0.06%
DIOD	F	0.06%
DORM	C	0.06%
SHEN	F	0.05%
NEOG	D	0.05%
IP	C	0.05%
HLI	C	0.05%
LNN	C	0.05%
GOGO	F	0.05%
DEA	D	0.05%
KLG	D	0.05%
DG	F	0.05%
SNEX	C	0.05%
CWT	D	0.05%
BUSE	D	0.05%
SRCE	D	0.05%
TCBK	D	0.05%
OEC	F	0.05%
LANC	F	0.04%
LSTR	D	0.04%
KWR	D	0.04%
LFUS	C	0.04%
FOXF	F	0.04%
GXO	D	0.04%
MMS	B	0.04%
OII	D	0.03%
PGRE	D	0.03%
ADUS	C	0.03%
MWA	B	0.03%
STC	C	0.03%
FBK	C	0.03%
CVCO	B	0.03%
BOOT	B	0.03%
LTH	C	0.03%
ROG	D	0.02%
CTS	D	0.02%
NVEE	F	0.02%
THRM	F	0.02%

FAB Underweight 408 Positions Relative to VBR

Symbol	Grade	Weight
SW	B	-0.72%
FCNCA	D	-0.65%
BLDR	C	-0.62%
BAH	B	-0.6%
CSL	B	-0.59%
EME	B	-0.54%
IEX	C	-0.46%
RPM	B	-0.44%
TOL	A	-0.44%
PNR	B	-0.43%
EQH	C	-0.41%
ACM	B	-0.4%
WSM	C	-0.4%
KMX	D	-0.39%
CPT	C	-0.39%
GLPI	C	-0.39%
REG	C	-0.39%
JNPR	A	-0.37%
TTEK	C	-0.37%
ALLE	B	-0.36%
FFIV	B	-0.35%
BRO	C	-0.35%
ITT	B	-0.34%
CHRW	B	-0.34%
PFGC	B	-0.34%
RRX	C	-0.33%
RIVN	F	-0.33%
NVT	C	-0.33%
HUBB	B	-0.32%
SCI	C	-0.32%
SFM	B	-0.31%
BXP	C	-0.31%
LDOS	A	-0.31%
ATR	B	-0.3%
OHI	C	-0.29%
CG	C	-0.28%
TPR	A	-0.28%
FRT	C	-0.28%
ARMK	B	-0.28%
MUSA	D	-0.28%
PRI	B	-0.27%
GPK	C	-0.27%
KBR	D	-0.27%
Z	C	-0.26%
DCI	C	-0.26%
APG	F	-0.26%
INGR	B	-0.26%
HRB	C	-0.26%
SOLV	D	-0.26%
EGP	C	-0.26%
HAS	B	-0.26%
MHK	B	-0.25%
EVR	B	-0.25%
NYT	B	-0.25%
FLR	D	-0.25%
SF	B	-0.25%
NNN	B	-0.25%
MKSI	F	-0.24%
AXTA	B	-0.24%
ALSN	B	-0.24%
FCN	C	-0.24%
BRX	C	-0.24%
X	F	-0.23%
CR	B	-0.23%
DOC	B	-0.23%
AIT	B	-0.23%
ADC	C	-0.22%
STAG	D	-0.22%
GME	D	-0.22%
CBSH	D	-0.22%
FR	C	-0.22%
ANF	D	-0.22%
ELAN	D	-0.22%
SWN	C	-0.21%
NSIT	C	-0.21%
ACHC	D	-0.21%
DVA	B	-0.21%
RLI	B	-0.2%
BIO	C	-0.2%
ACI	F	-0.2%
MSA	D	-0.2%
AAL	D	-0.2%
XPO	D	-0.19%
VFC	B	-0.19%
CFR	C	-0.19%
FLS	C	-0.19%
ESAB	C	-0.18%
AES	C	-0.18%
STWD	B	-0.18%
RL	B	-0.18%
MOG.A	B	-0.17%
AA	C	-0.17%
VMI	C	-0.17%
CBT	B	-0.17%
ST	D	-0.17%
ESI	C	-0.17%
COHR	C	-0.17%
LUMN	C	-0.16%
GBCI	C	-0.16%
WTS	C	-0.16%
VNT	F	-0.16%
VVV	D	-0.16%
KD	F	-0.16%
SRCL	B	-0.16%
LAMR	B	-0.16%
QRVO	F	-0.16%
AM	B	-0.15%
GATX	D	-0.15%
CTLT	B	-0.15%
XRAY	D	-0.15%
BCO	B	-0.14%
THG	C	-0.14%
JHG	B	-0.14%
ITGR	C	-0.13%
SLG	C	-0.13%
FLO	C	-0.13%
FFIN	C	-0.13%
ACA	B	-0.13%
KNF	C	-0.13%
MDGL	F	-0.13%
ZWS	B	-0.13%
PSN	B	-0.13%
PIPR	B	-0.13%
LYFT	D	-0.12%
SBRA	C	-0.12%
TPG	C	-0.12%
GTES	C	-0.12%
CPRI	D	-0.12%
KTB	B	-0.12%
PR	F	-0.12%
AUR	C	-0.12%
EPR	C	-0.11%
MTZ	C	-0.11%
BGC	D	-0.11%
HUN	C	-0.11%
ALE	A	-0.11%
HASI	C	-0.11%
MSM	D	-0.11%
KMPR	D	-0.11%
NCLH	B	-0.11%
COTY	D	-0.1%
NUVL	D	-0.1%
SXT	B	-0.1%
GVA	B	-0.1%
SKT	B	-0.1%
RXO	D	-0.1%
NHI	C	-0.1%
NSP	F	-0.1%
NPO	C	-0.1%
MAC	B	-0.1%
MAN	C	-0.1%
HL	C	-0.1%
OTTR	F	-0.1%
CC	D	-0.09%
IOVA	F	-0.09%
FL	F	-0.09%
WEN	C	-0.09%
GFF	C	-0.09%
SKYW	C	-0.09%
TNL	C	-0.09%
CNK	C	-0.09%
SMG	B	-0.09%
AWR	C	-0.09%
PK	D	-0.09%
ALIT	D	-0.09%
ESE	B	-0.09%
BRC	B	-0.09%
MGEE	C	-0.09%
APLE	C	-0.09%
AMED	D	-0.09%
HCC	D	-0.09%
AROC	D	-0.09%
SYNA	D	-0.09%
PRK	D	-0.08%
VIRT	C	-0.08%
RNG	F	-0.08%
LSXMK	D	-0.08%
BOH	D	-0.08%
MGRC	D	-0.08%
MPW	C	-0.08%
TRN	C	-0.08%
ATGE	C	-0.08%
TDC	D	-0.08%
PFSI	C	-0.08%
NWL	C	-0.08%
POST	B	-0.08%
CWK	B	-0.08%
PENN	D	-0.08%
IOSP	F	-0.08%
AIR	D	-0.07%
PECO	C	-0.07%
LAUR	C	-0.07%
AKR	B	-0.07%
ENR	D	-0.07%
MC	C	-0.07%
AZZ	C	-0.07%
MTRN	D	-0.07%
OUT	B	-0.07%
OSIS	C	-0.07%
DY	C	-0.07%
MYGN	D	-0.07%
KRYS	D	-0.07%
UE	C	-0.07%
PRGS	A	-0.07%
COMP	C	-0.07%
AZTA	F	-0.07%
KAR	D	-0.06%
TTMI	D	-0.06%
HURN	C	-0.06%
GOLF	F	-0.06%
IVT	D	-0.06%
ZG	C	-0.06%
VIAV	C	-0.06%
B	C	-0.06%
BANF	C	-0.06%
LITE	B	-0.06%
JOBY	F	-0.06%
GNL	D	-0.06%
WLY	B	-0.06%
SFBS	C	-0.06%
VGR	C	-0.06%
MIR	C	-0.06%
IMVT	F	-0.06%
IBTX	C	-0.06%
SPR	D	-0.06%
FTRE	F	-0.06%
NATL	D	-0.06%
HAYW	C	-0.06%
SXI	C	-0.06%
HBI	A	-0.06%
CTRE	C	-0.06%
SHO	C	-0.06%
TDS	B	-0.06%
PINC	D	-0.06%
BLKB	C	-0.06%
JWN	C	-0.06%
CDE	C	-0.06%
EVTC	D	-0.06%
SATS	C	-0.06%
INFA	D	-0.05%
LTC	C	-0.05%
LEG	D	-0.05%
STEP	B	-0.05%
JBLU	C	-0.05%
TROX	D	-0.05%
PPC	D	-0.05%
CHCO	D	-0.05%
LRN	B	-0.05%
CRGY	D	-0.05%
IDCC	B	-0.05%
DRH	C	-0.05%
SUPN	D	-0.05%
VRNT	F	-0.05%
VSTS	D	-0.05%
EDR	A	-0.05%
SCS	D	-0.04%
PBI	C	-0.04%
AMRX	C	-0.04%
PDM	C	-0.04%
AIV	C	-0.04%
INSW	C	-0.04%
PMT	C	-0.04%
WS	D	-0.04%
LC	D	-0.04%
BKD	D	-0.04%
WABC	D	-0.04%
PWSC	C	-0.04%
CODI	C	-0.04%
SPNT	D	-0.04%
LADR	D	-0.04%
ESRT	C	-0.04%
UA	C	-0.04%
GBX	D	-0.04%
NGVT	D	-0.04%
BHE	C	-0.04%
NTCT	C	-0.04%
RRR	D	-0.04%
HEES	D	-0.04%
ARI	F	-0.04%
UNFI	B	-0.03%
DNUT	F	-0.03%
BDN	C	-0.03%
CGON	C	-0.03%
BRKL	C	-0.03%
FG	C	-0.03%
PRAA	F	-0.03%
LGF.A	F	-0.03%
LEVI	C	-0.03%
BV	C	-0.03%
DLX	F	-0.03%
MD	C	-0.03%
MMI	C	-0.03%
RBRK	F	-0.03%
EMBC	D	-0.03%
SIRI	C	-0.03%
ETWO	D	-0.03%
FA	B	-0.03%
MATV	D	-0.03%
UNIT	C	-0.03%
RWT	C	-0.03%
RKLB	C	-0.03%
GIII	D	-0.03%
HTLF	C	-0.03%
WWW	A	-0.03%
VSTO	C	-0.03%
THR	F	-0.03%
MRC	D	-0.03%
CNNE	F	-0.03%
DBRG	D	-0.03%
AVNS	C	-0.03%
CSR	D	-0.03%
ACT	C	-0.03%
CARS	F	-0.03%
ECPG	D	-0.03%
SCSC	D	-0.03%
TILE	C	-0.02%
FOR	D	-0.02%
MXL	D	-0.02%
KREF	C	-0.02%
SMR	C	-0.02%
CNDT	C	-0.02%
HY	F	-0.02%
BGS	D	-0.02%
SWI	B	-0.02%
KELYA	D	-0.02%
CFFN	D	-0.02%
SMMT	D	-0.02%
PRA	C	-0.02%
CAL	F	-0.02%
TMP	D	-0.02%
AMC	F	-0.02%
AMWD	C	-0.02%
AXL	F	-0.02%
HAIN	C	-0.02%
PUMP	F	-0.02%
RGR	F	-0.02%
HLIO	C	-0.02%
BASE	F	-0.02%
ASTE	F	-0.02%
MNRO	C	-0.02%
PRLB	F	-0.02%
SVC	F	-0.02%
BRSP	D	-0.02%
PZZA	D	-0.02%
PEB	D	-0.02%
HCSG	D	-0.02%
EYE	F	-0.02%
WNC	F	-0.02%
MEI	D	-0.01%
UFCS	D	-0.01%
PACB	D	-0.01%
RDUS	D	-0.01%
OPK	D	-0.01%
NPK	D	-0.01%
WOOF	C	-0.01%
BRCC	F	-0.01%
ALX	B	-0.01%
ZIP	D	-0.01%
KRO	C	-0.01%
DJT	F	-0.01%
CRCT	C	-0.01%
TGI	F	-0.01%
SRCL	B	-0.01%
TRTX	D	-0.01%
EE	A	-0.01%
AMCX	F	-0.01%
EGBN	D	-0.01%
RUSHB	C	-0.01%
SWBI	F	-0.01%
NAPA	F	-0.01%
CENT	F	-0.01%
BJRI	D	-0.01%
WRLD	D	-0.01%
INN	B	-0.01%
CMP	D	-0.01%
FWRD	D	-0.01%
RMR	C	-0.01%
VMEO	C	-0.01%
AMK	B	-0.01%
GRC	D	-0.01%
NABL	F	-0.01%
NUS	F	-0.01%
UDMY	F	-0.01%
DAWN	D	-0.01%
TWKS	C	-0.01%
CCO	D	-0.01%
CWH	C	-0.01%
GCMG	B	-0.01%
CLB	D	-0.01%
DIN	D	-0.01%
USNA	F	-0.01%
CLBK	D	-0.01%
JACK	F	-0.01%
NVRI	D	-0.01%
LGF.A	F	-0.01%
BFS	B	-0.01%
AMBC	F	-0.01%
VREX	F	-0.01%
SSP	F	-0.0%
SCWX	C	-0.0%
AC	C	-0.0%
TTEC	F	-0.0%
CRNC	F	-0.0%
SAVE	F	-0.0%
ACDC	F	-0.0%
UHT	C	-0.0%
DBI	F	-0.0%
LDI	D	-0.0%