FAB vs. VIOV ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to Vanguard S&P Small-Cap 600 Value ETF (VIOV)

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

$88.70

Average Daily Volume

2,522

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

VIOV

Vanguard S&P Small-Cap 600 Value ETF

VIOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P SmallCap 600® Value Index, which represents the value companies of the S&P SmallCap 600 Index. The index measures the performance of small-capitalization value stocks. 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

$99.36

Average Daily Volume

50,568

Number of Holdings ^*

450

* may have additional holdings in another (foreign) market

Performance

Period	FAB	VIOV
30 Days	4.66%	6.59%
60 Days	4.71%	6.01%
90 Days	4.92%	6.63%
12 Months	25.88%	26.99%

184 Overlapping Holdings

	Symbol	Grade	Weight in FAB	Weight in VIOV	Overlap
	AAP	D	0.18%	0.31%	0.18%
	ABCB	B	0.1%	0.58%	0.1%
	ABG	C	0.14%	0.34%	0.14%
	ABM	B	0.05%	0.49%	0.05%
	ABR	C	0.1%	0.41%	0.1%
	ACA	A	0.09%	0.27%	0.09%
	ADNT	F	0.09%	0.25%	0.09%
	AGO	B	0.25%	0.24%	0.24%
	AIN	C	0.02%	0.16%	0.02%
	AIR	B	0.03%	0.08%	0.03%
	AL	B	0.23%	0.53%	0.23%
	ALEX	B	0.05%	0.2%	0.05%
	ALK	B	0.15%	0.88%	0.15%
	ALKS	C	0.09%	0.22%	0.09%
	AMN	F	0.06%	0.1%	0.06%
	AMWD	C	0.1%	0.09%	0.09%
	ANDE	D	0.09%	0.1%	0.09%
	ARI	C	0.05%	0.06%	0.05%
	ASO	F	0.18%	0.53%	0.18%
	AUB	B	0.05%	0.49%	0.05%
	AVA	A	0.12%	0.43%	0.12%
	AVNS	F	0.04%	0.12%	0.04%
	BANR	B	0.09%	0.32%	0.09%
	BBWI	C	0.17%	0.92%	0.17%
	BFH	C	0.15%	0.36%	0.15%
	BHE	C	0.05%	0.23%	0.05%
	BHLB	B	0.03%	0.09%	0.03%
	BKE	B	0.08%	0.07%	0.07%
	BKU	A	0.08%	0.39%	0.08%
	BLMN	F	0.02%	0.09%	0.02%
	BTU	B	0.13%	0.27%	0.13%
	CABO	B	0.14%	0.23%	0.14%
	CAL	F	0.11%	0.15%	0.11%
	CATY	B	0.09%	0.26%	0.09%
	CBU	B	0.03%	0.47%	0.03%
	CCS	D	0.11%	0.17%	0.11%
	CENTA	C	0.1%	0.22%	0.1%
	CMA	B	0.1%	1.23%	0.1%
	CNXN	C	0.02%	0.11%	0.02%
	COOP	B	0.18%	0.83%	0.18%
	CRGY	B	0.13%	0.28%	0.13%
	CRK	B	0.09%	0.08%	0.08%
	CSGS	B	0.06%	0.1%	0.06%
	CVBF	A	0.09%	0.37%	0.09%
	CVI	F	0.1%	0.04%	0.04%
	CWEN	C	0.02%	0.08%	0.02%
	CWEN	C	0.02%	0.39%	0.02%
	CXW	C	0.21%	0.22%	0.21%
	DAN	D	0.08%	0.14%	0.08%
	DEA	D	0.05%	0.19%	0.05%
	DEI	B	0.03%	0.43%	0.03%
	DIOD	D	0.07%	0.15%	0.07%
	DNOW	B	0.14%	0.18%	0.14%
	DXC	B	0.18%	0.52%	0.18%
	EIG	B	0.14%	0.18%	0.14%
	EPC	F	0.12%	0.25%	0.12%
	FBK	C	0.03%	0.25%	0.03%
	FBNC	B	0.06%	0.25%	0.06%
	FCF	B	0.08%	0.13%	0.08%
	FDP	B	0.03%	0.16%	0.03%
	FFBC	B	0.11%	0.36%	0.11%
	FHB	B	0.06%	0.46%	0.06%
	FOXF	F	0.04%	0.14%	0.04%
	FUL	F	0.04%	0.3%	0.04%
	FULT	A	0.08%	0.48%	0.08%
	GBX	A	0.16%	0.27%	0.16%
	GEO	B	0.1%	0.3%	0.1%
	GIII	D	0.13%	0.17%	0.13%
	GNW	A	0.03%	0.42%	0.03%
	GO	C	0.05%	0.2%	0.05%
	GOGO	C	0.06%	0.03%	0.03%
	GPRE	F	0.02%	0.11%	0.02%
	HAYW	B	0.03%	0.34%	0.03%
	HELE	C	0.13%	0.21%	0.13%
	HIW	C	0.09%	0.52%	0.09%
	HMN	B	0.06%	0.22%	0.06%
	HOPE	C	0.08%	0.22%	0.08%
	HP	C	0.24%	0.22%	0.22%
	HTH	C	0.05%	0.21%	0.05%
	HTZ	C	0.15%	0.05%	0.05%
	HUBG	A	0.08%	0.39%	0.08%
	IAC	F	0.04%	0.3%	0.04%
	IART	C	0.13%	0.18%	0.13%
	INDB	B	0.12%	0.39%	0.12%
	INVA	D	0.12%	0.08%	0.08%
	IOSP	C	0.05%	0.14%	0.05%
	JBGS	F	0.02%	0.21%	0.02%
	JBT	B	0.15%	0.21%	0.15%
	JXN	C	0.24%	1.1%	0.24%
	KALU	C	0.08%	0.17%	0.08%
	KAR	B	0.06%	0.25%	0.06%
	KFY	B	0.09%	0.23%	0.09%
	KLG	B	0.07%	0.16%	0.07%
	KMT	B	0.14%	0.29%	0.14%
	KSS	F	0.11%	0.3%	0.11%
	KWR	C	0.05%	0.15%	0.05%
	LCII	C	0.05%	0.15%	0.05%
	LGIH	F	0.06%	0.12%	0.06%
	LNC	C	0.19%	0.86%	0.19%
	LNN	B	0.05%	0.1%	0.05%
	LXP	D	0.02%	0.41%	0.02%
	LZB	B	0.1%	0.11%	0.1%
	MCW	C	0.03%	0.06%	0.03%
	MDU	D	0.16%	0.86%	0.16%
	MGPI	F	0.03%	0.04%	0.03%
	MLKN	F	0.1%	0.23%	0.1%
	MODG	F	0.08%	0.2%	0.08%
	MRTN	D	0.07%	0.07%	0.07%
	MSEX	C	0.02%	0.09%	0.02%
	MTX	B	0.05%	0.18%	0.05%
	NAVI	F	0.1%	0.16%	0.1%
	NBTB	B	0.03%	0.31%	0.03%
	NVEE	F	0.02%	0.17%	0.02%
	NWBI	B	0.05%	0.25%	0.05%
	NWN	A	0.1%	0.22%	0.1%
	NX	C	0.08%	0.06%	0.06%
	ODP	F	0.04%	0.15%	0.04%
	OGN	F	0.1%	0.7%	0.1%
	OI	C	0.02%	0.25%	0.02%
	OMI	F	0.06%	0.14%	0.06%
	PBH	A	0.06%	0.28%	0.06%
	PDCO	F	0.09%	0.24%	0.09%
	PEB	D	0.07%	0.21%	0.07%
	PFS	B	0.03%	0.36%	0.03%
	PHIN	A	0.11%	0.3%	0.11%
	PINC	B	0.14%	0.31%	0.14%
	PLAB	C	0.12%	0.06%	0.06%
	PLUS	F	0.02%	0.13%	0.02%
	PPBI	C	0.03%	0.36%	0.03%
	PRDO	B	0.12%	0.09%	0.09%
	PSMT	D	0.05%	0.3%	0.05%
	PTEN	C	0.23%	0.18%	0.18%
	RC	D	0.02%	0.17%	0.02%
	RDN	D	0.21%	0.34%	0.21%
	REZI	A	0.13%	0.42%	0.13%
	RHI	C	0.05%	1.02%	0.05%
	RNST	B	0.08%	0.32%	0.08%
	ROG	D	0.05%	0.08%	0.05%
	ROIC	A	0.03%	0.29%	0.03%
	RUSHA	C	0.2%	0.28%	0.2%
	SAFT	B	0.03%	0.17%	0.03%
	SAH	C	0.11%	0.12%	0.11%
	SANM	B	0.15%	0.56%	0.15%
	SBCF	B	0.06%	0.33%	0.06%
	SBH	C	0.1%	0.19%	0.1%
	SCL	C	0.05%	0.22%	0.05%
	SCSC	C	0.1%	0.14%	0.1%
	SCVL	F	0.06%	0.09%	0.06%
	SEE	C	0.04%	0.46%	0.04%
	SEM	B	0.05%	0.49%	0.05%
	SFNC	C	0.08%	0.42%	0.08%
	SJW	F	0.07%	0.14%	0.07%
	SNDR	B	0.08%	0.19%	0.08%
	SNEX	B	0.06%	0.37%	0.06%
	SSTK	F	0.06%	0.06%	0.06%
	STBA	B	0.05%	0.1%	0.05%
	STC	B	0.02%	0.28%	0.02%
	TALO	C	0.14%	0.19%	0.14%
	TDS	B	0.13%	0.21%	0.13%
	TGNA	B	0.14%	0.4%	0.14%
	THRM	F	0.05%	0.1%	0.05%
	TPH	D	0.2%	0.22%	0.2%
	TRMK	C	0.12%	0.31%	0.12%
	TTMI	C	0.07%	0.33%	0.07%
	UCB	A	0.05%	0.49%	0.05%
	UNF	B	0.07%	0.23%	0.07%
	UPBD	B	0.02%	0.09%	0.02%
	UVV	B	0.12%	0.18%	0.12%
	VBTX	B	0.08%	0.21%	0.08%
	VRTS	B	0.08%	0.08%	0.08%
	VSAT	F	0.06%	0.12%	0.06%
	VSCO	C	0.1%	0.35%	0.1%
	VSTS	C	0.09%	0.11%	0.09%
	VTLE	C	0.14%	0.06%	0.06%
	WAFD	B	0.05%	0.4%	0.05%
	WD	D	0.04%	0.29%	0.04%
	WERN	C	0.08%	0.33%	0.08%
	WGO	C	0.08%	0.1%	0.08%
	WKC	C	0.11%	0.23%	0.11%
	WS	C	0.13%	0.06%	0.06%
	WSFS	B	0.08%	0.23%	0.08%
	XHR	B	0.07%	0.09%	0.07%
	XRX	F	0.08%	0.14%	0.08%
	ZD	B	0.12%	0.3%	0.12%

FAB Overweight 482 Positions Relative to VIOV

	Symbol	Grade	Weight
	UAL	A	0.7%
	SYF	B	0.57%
	DAL	B	0.56%
	GM	C	0.56%
	PCAR	B	0.51%
	FOXA	A	0.49%
	STLD	B	0.48%
	CVX	A	0.48%
	CINF	A	0.48%
	TROW	B	0.48%
	EOG	A	0.48%
	RS	B	0.47%
	COP	C	0.47%
	HPE	B	0.46%
	F	C	0.46%
	CTRA	B	0.46%
	XOM	B	0.45%
	WFC	A	0.45%
	AIG	B	0.45%
	HAL	C	0.45%
	VLO	C	0.45%
	CMCSA	B	0.45%
	DVN	F	0.44%
	T	A	0.44%
	NUE	C	0.43%
	COF	C	0.43%
	OXY	D	0.43%
	PSX	C	0.43%
	TOL	B	0.43%
	HBAN	A	0.42%
	KMI	A	0.42%
	MPC	D	0.42%
	EG	C	0.41%
	EQT	B	0.41%
	LNG	A	0.41%
	LEN	D	0.4%
	CFG	B	0.4%
	BG	D	0.4%
	OC	A	0.39%
	ETR	B	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	B	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	B	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	C	0.32%
	ON	D	0.32%
	MS	A	0.32%
	MTB	A	0.31%
	CHTR	C	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	C	0.28%
	TRV	B	0.28%
	USB	A	0.28%
	FITB	B	0.28%
	NI	A	0.27%
	STT	B	0.27%
	CNC	D	0.27%
	PPL	A	0.26%
	MTDR	B	0.26%
	DGX	A	0.26%
	TXT	D	0.25%
	D	C	0.25%
	NOG	B	0.25%
	LNT	A	0.25%
	AFL	B	0.25%
	EQR	C	0.25%
	ULTA	F	0.25%
	TGT	F	0.25%
	OVV	B	0.25%
	CNX	A	0.25%
	DTE	C	0.24%
	CE	F	0.24%
	BLDR	D	0.24%
	SM	B	0.24%
	OSK	C	0.24%
	DE	B	0.24%
	EBAY	D	0.24%
	HRL	D	0.24%
	DUK	C	0.24%
	SYY	D	0.24%
	BBY	D	0.23%
	AMG	B	0.23%
	STX	C	0.23%
	RJF	A	0.23%
	KHC	F	0.23%
	ATKR	D	0.23%
	CMC	B	0.23%
	AEP	C	0.23%
	TAP	C	0.23%
	AMR	C	0.22%
	TMHC	C	0.22%
	CHRD	D	0.22%
	PBF	D	0.22%
	BIIB	F	0.22%
	NFE	D	0.22%
	URBN	C	0.22%
	NOV	C	0.22%
	CIVI	D	0.22%
	PVH	C	0.22%
	AKAM	D	0.22%
	HCC	B	0.22%
	DINO	D	0.21%
	CADE	B	0.21%
	OKE	A	0.21%
	ZM	C	0.21%
	MTG	C	0.21%
	DOW	F	0.21%
	UNM	A	0.21%
	MUR	D	0.21%
	TEX	F	0.21%
	LBRT	D	0.2%
	R	B	0.2%
	PNC	B	0.2%
	DIS	B	0.2%
	G	B	0.2%
	RIOT	C	0.2%
	MATX	C	0.2%
	APA	D	0.2%
	KEY	B	0.2%
	LBRDK	C	0.2%
	UGI	C	0.2%
	LAD	A	0.2%
	RNR	C	0.2%
	BWA	D	0.2%
	KIM	A	0.19%
	ESNT	F	0.19%
	JBHT	C	0.19%
	TSN	B	0.19%
	RRC	B	0.19%
	LEA	F	0.19%
	CSCO	B	0.19%
	MTH	D	0.19%
	DAR	C	0.19%
	NWSA	A	0.19%
	PKG	A	0.19%
	OZK	B	0.19%
	CNO	B	0.19%
	MGY	A	0.19%
	JAZZ	B	0.19%
	DDS	B	0.19%
	MHO	D	0.19%
	KRC	B	0.18%
	OTTR	C	0.18%
	GBDC	D	0.18%
	HRI	C	0.18%
	BKH	A	0.18%
	PNW	A	0.18%
	HPQ	B	0.18%
	ADTN	A	0.18%
	DRI	B	0.18%
	CSX	C	0.18%
	FMC	D	0.18%
	PRU	A	0.18%
	HOG	D	0.18%
	RGA	A	0.18%
	BEN	C	0.18%
	GPI	B	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	D	0.17%
	AVT	C	0.17%
	SR	A	0.17%
	MOS	F	0.17%
	HST	C	0.17%
	M	F	0.17%
	BCC	B	0.17%
	FNF	B	0.17%
	NFG	A	0.17%
	EVRG	A	0.17%
	WEC	A	0.17%
	SSNC	B	0.17%
	MOH	F	0.16%
	KDP	F	0.16%
	HUM	C	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	C	0.16%
	CARR	C	0.16%
	PPG	F	0.16%
	HSY	F	0.16%
	ZION	B	0.16%
	SIG	B	0.16%
	JNJ	C	0.16%
	EIX	B	0.16%
	BYD	B	0.15%
	AMKR	D	0.15%
	CTOS	B	0.15%
	ECVT	C	0.15%
	WLK	D	0.15%
	CUBI	B	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	B	0.14%
	AXS	A	0.14%
	JBL	C	0.14%
	INGR	C	0.14%
	ULH	C	0.14%
	GMS	B	0.14%
	VLY	B	0.14%
	LKQ	F	0.13%
	VAC	C	0.13%
	KOS	D	0.13%
	SPNT	B	0.13%
	THO	B	0.13%
	OGS	A	0.13%
	PAG	B	0.13%
	PK	C	0.13%
	NXST	C	0.13%
	APLE	B	0.13%
	RLJ	C	0.13%
	GT	C	0.13%
	GPOR	B	0.13%
	OGE	A	0.13%
	GL	C	0.13%
	SWX	B	0.13%
	GEF	A	0.13%
	RES	D	0.12%
	ASH	F	0.12%
	EMN	C	0.12%
	BY	B	0.12%
	PEBO	B	0.12%
	SJM	D	0.12%
	SON	F	0.12%
	VC	F	0.12%
	POST	C	0.12%
	AN	C	0.12%
	IMKTA	C	0.12%
	SHO	D	0.12%
	ENS	F	0.12%
	PARR	F	0.12%
	SNX	D	0.12%
	BC	C	0.12%
	AEO	F	0.11%
	VSH	F	0.11%
	MRC	B	0.11%
	WMK	C	0.11%
	SEB	F	0.11%
	DBRG	F	0.11%
	USM	B	0.11%
	EBC	B	0.11%
	OLN	F	0.11%
	GHC	B	0.11%
	FOR	F	0.11%
	WU	F	0.11%
	NWE	B	0.1%
	HII	F	0.1%
	CMI	A	0.1%
	ODFL	C	0.1%
	CRC	A	0.1%
	OEC	C	0.1%
	IDA	A	0.1%
	PRG	C	0.1%
	PB	B	0.1%
	UBSI	B	0.1%
	EQC	B	0.1%
	VNT	C	0.1%
	BV	C	0.1%
	HWC	B	0.1%
	LADR	B	0.1%
	BECN	B	0.1%
	SEIC	B	0.1%
	HGV	C	0.1%
	HOV	D	0.1%
	DRH	B	0.1%
	CMCO	C	0.1%
	WTFC	A	0.1%
	PII	F	0.1%
	GES	F	0.1%
	MLI	B	0.1%
	HD	B	0.09%
	FRME	B	0.09%
	WTRG	B	0.09%
	PFG	D	0.09%
	TNET	F	0.09%
	MSM	C	0.09%
	FIVE	F	0.09%
	CRL	D	0.09%
	PFBC	B	0.09%
	OMC	C	0.09%
	CLX	A	0.09%
	SBUX	A	0.09%
	UFPI	C	0.09%
	ACN	B	0.09%
	COLM	C	0.09%
	WSBC	B	0.09%
	JWN	D	0.09%
	SLGN	A	0.09%
	SASR	B	0.09%
	CASH	B	0.09%
	LHX	C	0.09%
	BNL	D	0.09%
	KNX	C	0.09%
	WRB	A	0.09%
	PLYA	B	0.09%
	CUZ	B	0.09%
	LPX	B	0.09%
	PNM	B	0.09%
	APD	A	0.09%
	SLM	A	0.09%
	LH	B	0.09%
	ORI	A	0.09%
	IEX	C	0.09%
	J	D	0.09%
	AR	B	0.09%
	AIZ	A	0.09%
	PYPL	B	0.09%
	BOKF	B	0.09%
	BUSE	B	0.08%
	ARCB	C	0.08%
	MDLZ	F	0.08%
	WPC	C	0.08%
	TKR	D	0.08%
	AWK	C	0.08%
	REYN	D	0.08%
	MCRI	A	0.08%
	CPB	D	0.08%
	WY	F	0.08%
	PTVE	B	0.08%
	LMT	D	0.08%
	EXPD	C	0.08%
	ALG	B	0.08%
	SKX	D	0.08%
	DD	C	0.08%
	FIBK	B	0.08%
	CI	D	0.08%
	IPG	D	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	C	0.08%
	TCBK	C	0.08%
	KEYS	A	0.08%
	GD	D	0.08%
	PEP	F	0.08%
	HY	D	0.08%
	UPS	C	0.08%
	CTVA	C	0.08%
	NDSN	B	0.08%
	MIDD	C	0.08%
	MAA	B	0.08%
	EFSC	B	0.08%
	ASGN	F	0.08%
	LOW	C	0.08%
	LC	A	0.07%
	LILAK	D	0.07%
	CAG	F	0.07%
	SPB	C	0.07%
	NKE	F	0.07%
	IPGP	D	0.07%
	UHAL	D	0.07%
	MMS	F	0.07%
	FHI	B	0.06%
	DFH	D	0.06%
	NIC	B	0.06%
	CRI	F	0.06%
	CAR	C	0.06%
	GRBK	D	0.06%
	ASB	B	0.06%
	AFG	A	0.05%
	BJ	A	0.05%
	WAL	B	0.05%
	PATK	C	0.05%
	FLR	B	0.05%
	ALIT	C	0.05%
	DFIN	D	0.05%
	DNB	B	0.05%
	MUSA	B	0.05%
	SHEN	F	0.05%
	YETI	D	0.05%
	PFGC	B	0.05%
	SSB	B	0.05%
	SYNA	C	0.05%
	OFG	B	0.05%
	CXT	C	0.05%
	GXO	B	0.05%
	UMBF	B	0.05%
	DK	C	0.05%
	ROCK	C	0.05%
	JEF	A	0.05%
	ENOV	C	0.05%
	TOWN	B	0.05%
	EPAM	B	0.05%
	TPR	B	0.05%
	HLF	C	0.05%
	PNFP	B	0.05%
	UPWK	B	0.04%
	MYRG	B	0.04%
	FBIN	D	0.04%
	NSP	F	0.04%
	HSIC	C	0.04%
	RYN	D	0.04%
	CZR	F	0.04%
	LFUS	D	0.04%
	TTC	C	0.04%
	BPOP	C	0.04%
	MGM	D	0.04%
	STWD	C	0.04%
	FAF	A	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%
	PRGO	C	0.04%
	VOYA	B	0.04%
	MTRN	C	0.03%
	XPEL	B	0.03%
	HLIO	B	0.03%
	IVT	A	0.03%
	CVCO	A	0.03%
	SAM	C	0.03%
	BHF	C	0.03%
	TCBI	C	0.03%
	OPCH	D	0.03%
	OLPX	D	0.02%
	GIC	D	0.02%
	OXM	F	0.02%
	SHOO	F	0.02%
	MSGE	F	0.02%
	CMTG	F	0.02%
	SHLS	F	0.02%
	CC	C	0.02%
	KFRC	D	0.02%
	NNI	D	0.02%
	NMRK	C	0.02%
	CNMD	C	0.02%
	EVTC	B	0.02%
	PGRE	F	0.02%

FAB Underweight 266 Positions Relative to VIOV

	Symbol	Grade	Weight
	VFC	C	-1.0%
	LUMN	C	-0.95%
	DY	D	-0.74%
	SLG	B	-0.71%
	ICUI	D	-0.61%
	MAC	B	-0.59%
	HASI	D	-0.59%
	NWL	C	-0.53%
	HIMS	B	-0.52%
	ETSY	D	-0.48%
	RUN	F	-0.47%
	BXMT	C	-0.46%
	CWK	C	-0.45%
	ZWS	B	-0.44%
	SATS	D	-0.44%
	SLVM	B	-0.43%
	PENN	C	-0.43%
	GTES	A	-0.42%
	MPW	F	-0.4%
	EAT	A	-0.39%
	EPRT	B	-0.39%
	AKR	B	-0.38%
	STEP	C	-0.38%
	VIRT	A	-0.37%
	ITRI	C	-0.37%
	VSTO	A	-0.37%
	HBI	B	-0.36%
	BCPC	B	-0.35%
	MMSI	A	-0.34%
	OMCL	C	-0.33%
	SFBS	C	-0.33%
	PECO	A	-0.33%
	PIPR	A	-0.33%
	ENVA	B	-0.33%
	PLXS	B	-0.32%
	IBTX	B	-0.31%
	BANC	B	-0.31%
	B	A	-0.31%
	MC	C	-0.31%
	WLY	B	-0.3%
	VIAV	C	-0.3%
	RXO	D	-0.3%
	CTRE	C	-0.29%
	NATL	B	-0.28%
	ACIW	B	-0.28%
	FL	F	-0.28%
	LGND	C	-0.28%
	HI	C	-0.28%
	SMTC	B	-0.27%
	SXT	C	-0.27%
	ENV	B	-0.27%
	CWT	C	-0.27%
	VYX	B	-0.27%
	SKYW	C	-0.26%
	MCY	A	-0.26%
	GVA	A	-0.26%
	BOX	B	-0.26%
	THS	D	-0.25%
	JBLU	F	-0.25%
	NBHC	C	-0.25%
	NSIT	F	-0.25%
	BOH	B	-0.25%
	MRCY	C	-0.24%
	IIPR	D	-0.24%
	NPO	A	-0.24%
	AEIS	C	-0.23%
	CORT	B	-0.23%
	LEG	F	-0.23%
	CPK	A	-0.22%
	PRK	B	-0.22%
	KRYS	C	-0.22%
	ELME	D	-0.22%
	BGC	C	-0.22%
	WHD	B	-0.22%
	NTCT	C	-0.22%
	FTRE	D	-0.22%
	UCTT	D	-0.22%
	SONO	C	-0.22%
	NGVT	B	-0.22%
	GNL	F	-0.22%
	TRN	B	-0.21%
	OUT	A	-0.21%
	PJT	A	-0.21%
	FCPT	C	-0.21%
	AWR	B	-0.21%
	INSP	D	-0.21%
	MGEE	B	-0.21%
	PI	D	-0.2%
	CNS	B	-0.2%
	AX	B	-0.2%
	APAM	B	-0.2%
	CHEF	A	-0.2%
	AAT	B	-0.19%
	ADUS	D	-0.19%
	PAYO	A	-0.19%
	MP	C	-0.19%
	SITM	B	-0.19%
	UNFI	A	-0.18%
	WWW	A	-0.18%
	STRA	C	-0.18%
	KW	C	-0.18%
	SMPL	B	-0.17%
	QNST	B	-0.17%
	CAKE	C	-0.17%
	PMT	C	-0.17%
	CSR	B	-0.16%
	TGI	B	-0.16%
	NMIH	C	-0.16%
	ECPG	C	-0.16%
	AHCO	F	-0.16%
	YOU	D	-0.16%
	BRC	D	-0.16%
	UE	B	-0.16%
	TNDM	D	-0.16%
	PBI	B	-0.16%
	SUPN	C	-0.16%
	DOCN	C	-0.16%
	ENR	B	-0.16%
	BRKL	B	-0.15%
	MYGN	F	-0.15%
	TILE	B	-0.15%
	MD	C	-0.15%
	NARI	C	-0.15%
	DGII	C	-0.15%
	CBRL	C	-0.15%
	CALX	D	-0.15%
	DCOM	B	-0.15%
	FBRT	D	-0.15%
	HNI	B	-0.14%
	BL	B	-0.14%
	ALGT	B	-0.14%
	LTC	B	-0.14%
	TRUP	B	-0.14%
	DORM	B	-0.14%
	BJRI	C	-0.13%
	SXC	A	-0.13%
	BDN	C	-0.13%
	LKFN	C	-0.13%
	CXM	C	-0.13%
	WOLF	F	-0.13%
	GTY	A	-0.13%
	KN	B	-0.13%
	KLIC	B	-0.13%
	PZZA	F	-0.13%
	APOG	C	-0.13%
	ICHR	C	-0.13%
	NXRT	B	-0.13%
	CENX	B	-0.13%
	HSII	B	-0.12%
	CFFN	C	-0.12%
	PRAA	D	-0.12%
	EPAC	C	-0.12%
	EGBN	B	-0.12%
	VRE	B	-0.12%
	HFWA	C	-0.12%
	HCSG	C	-0.12%
	TMP	B	-0.12%
	VTOL	B	-0.12%
	EYE	C	-0.12%
	EMBC	C	-0.12%
	MNRO	D	-0.12%
	BANF	B	-0.12%
	GFF	A	-0.12%
	ARCH	B	-0.12%
	DLX	B	-0.12%
	MATV	D	-0.12%
	ASTE	C	-0.11%
	CPF	B	-0.11%
	ASIX	B	-0.11%
	NHC	C	-0.11%
	WNC	C	-0.11%
	PRA	C	-0.11%
	PCRX	C	-0.11%
	EXTR	C	-0.11%
	AOSL	C	-0.11%
	PTGX	D	-0.11%
	HAIN	D	-0.11%
	CTS	C	-0.1%
	NBR	C	-0.1%
	RGR	F	-0.1%
	SMP	C	-0.1%
	AXL	C	-0.1%
	FWRD	D	-0.1%
	BGS	F	-0.1%
	KREF	C	-0.1%
	HRMY	D	-0.1%
	CHCO	B	-0.1%
	VIR	D	-0.1%
	HAFC	B	-0.1%
	COHU	C	-0.1%
	SPTN	D	-0.1%
	AMSF	B	-0.09%
	HLIT	D	-0.09%
	UNIT	B	-0.09%
	EZPW	B	-0.09%
	SEDG	F	-0.09%
	HPP	F	-0.09%
	GDOT	D	-0.09%
	NVRI	D	-0.09%
	MLAB	F	-0.09%
	SCHL	F	-0.09%
	XNCR	B	-0.09%
	TRST	B	-0.09%
	DXPE	C	-0.09%
	KELYA	F	-0.09%
	UTL	B	-0.08%
	CTKB	C	-0.08%
	SVC	F	-0.08%
	MMI	C	-0.08%
	WABC	B	-0.08%
	USPH	B	-0.08%
	PUMP	C	-0.08%
	STAA	F	-0.08%
	SBSI	C	-0.08%
	HZO	F	-0.08%
	ATEN	A	-0.08%
	SABR	C	-0.08%
	AORT	B	-0.07%
	CERT	F	-0.07%
	PAHC	C	-0.07%
	FIZZ	C	-0.07%
	RCUS	F	-0.07%
	THRY	D	-0.07%
	VICR	C	-0.07%
	CLB	B	-0.07%
	LESL	D	-0.07%
	MXL	C	-0.06%
	SWI	C	-0.06%
	USNA	C	-0.06%
	UFCS	A	-0.06%
	AHH	D	-0.06%
	CLW	F	-0.06%
	FLGT	F	-0.06%
	SDGR	C	-0.06%
	NABL	F	-0.05%
	TTGT	B	-0.05%
	CEVA	B	-0.05%
	TWI	F	-0.05%
	CENT	C	-0.05%
	INN	D	-0.05%
	KOP	C	-0.05%
	HSTM	B	-0.05%
	BLFS	C	-0.05%
	HAYN	A	-0.05%
	JBSS	F	-0.05%
	CNSL	C	-0.05%
	WOR	F	-0.05%
	ETD	C	-0.05%
	GDEN	B	-0.04%
	MATW	C	-0.04%
	UHT	D	-0.04%
	CRSR	C	-0.04%
	BSIG	A	-0.04%
	SNCY	C	-0.04%
	WSR	A	-0.04%
	SLP	D	-0.03%
	TR	B	-0.03%
	IIIN	C	-0.03%
	NPK	B	-0.03%
	HTLD	C	-0.03%
	RGNX	D	-0.03%
	MYE	F	-0.03%
	MTUS	C	-0.03%
	IRWD	F	-0.03%
	BFS	C	-0.03%
	PRLB	B	-0.03%

FAB: Top Represented Industries & Keywords

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

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

VIOV: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Biotechnology Asset Management Packaged Foods REIT - Retail Specialty Chemicals Auto Parts Communication Equipment REIT - Office Software - Infrastructure Specialty Retail Diversified Industrials Electronic Components Insurance - Property & Casualty Medical Devices Semiconductors Credit Services Information Technology Services Restaurants

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Real Estate Loans Medicine Computing Commercial Bank Investment Management Mortgage Loan Chemical Commercial Banking Transport Insurance Aerospace Clothing Loan Semiconductor Mining Residential Real Estate Loans