FAD vs. ISCG ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to iShares Morningstar Small-Cap Growth ETF (ISCG)

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD 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 Growth 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) Growth 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

$123.09

Average Daily Volume

3,924

Number of Holdings ^*

639

* may have additional holdings in another (foreign) market

ISCG

iShares Morningstar Small-Cap Growth ETF

ISCG Description

The investment seeks to track the investment results of the MorningstarÂ® US Small Cap Broad Growth Extended IndexSM composed of small-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by small-capitalization companies that have exhibited above-average growth characteristics as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$45.24

Average Daily Volume

26,460

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

Performance

Period	FAD	ISCG
30 Days	0.55%	-0.68%
60 Days	1.21%	-0.38%
90 Days	0.78%	-0.38%
12 Months	19.61%	12.39%

356 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in ISCG	Overlap
AAON	B	0.18%	0.27%	0.18%
ACA	D	0.13%	0.18%	0.13%
ACIW	A	0.09%	0.14%	0.09%
ACVA	C	0.07%	0.12%	0.07%
ADMA	B	0.22%	0.12%	0.12%
AFRM	F	0.15%	0.32%	0.15%
AGIO	C	0.16%	0.06%	0.06%
AGM	B	0.09%	0.03%	0.03%
AGYS	B	0.03%	0.11%	0.03%
AIT	C	0.13%	0.34%	0.13%
AIV	B	0.03%	0.02%	0.02%
AKR	A	0.05%	0.03%	0.03%
ALG	F	0.08%	0.08%	0.08%
ALKS	C	0.08%	0.11%	0.08%
ALKT	B	0.12%	0.06%	0.06%
ALRM	C	0.07%	0.14%	0.07%
ALSN	D	0.21%	0.12%	0.12%
ALTR	B	0.05%	0.26%	0.05%
AM	B	0.14%	0.08%	0.08%
AMK	B	0.1%	0.04%	0.04%
AMPH	F	0.02%	0.07%	0.02%
AMR	D	0.11%	0.05%	0.05%
AMWD	F	0.08%	0.02%	0.02%
ANF	C	0.31%	0.4%	0.31%
ANIP	D	0.12%	0.05%	0.05%
APG	C	0.22%	0.33%	0.22%
APLE	D	0.04%	0.15%	0.04%
APLS	F	0.06%	0.16%	0.06%
APPF	B	0.18%	0.25%	0.18%
APPN	D	0.02%	0.05%	0.02%
ARDX	F	0.12%	0.06%	0.06%
ARMK	C	0.19%	0.4%	0.19%
AROC	B	0.13%	0.06%	0.06%
ARVN	F	0.03%	0.03%	0.03%
ATGE	A	0.1%	0.06%	0.06%
ATI	C	0.2%	0.32%	0.2%
ATR	D	0.14%	0.3%	0.14%
AVAV	D	0.21%	0.23%	0.21%
AWI	D	0.2%	0.23%	0.2%
AWR	D	0.03%	0.12%	0.03%
AXSM	B	0.09%	0.15%	0.09%
AXTA	D	0.13%	0.23%	0.13%
AZEK	D	0.19%	0.28%	0.19%
AZZ	D	0.13%	0.05%	0.05%
BANF	D	0.05%	0.04%	0.04%
BASE	D	0.07%	0.03%	0.03%
BCO	B	0.2%	0.15%	0.15%
BCPC	A	0.04%	0.22%	0.04%
BFAM	C	0.21%	0.28%	0.21%
BL	D	0.03%	0.11%	0.03%
BMI	C	0.1%	0.25%	0.1%
BOWL	B	0.11%	0.01%	0.01%
BOX	D	0.08%	0.18%	0.08%
BPMC	A	0.21%	0.31%	0.21%
BRBR	B	0.18%	0.35%	0.18%
BRC	B	0.06%	0.07%	0.06%
BROS	B	0.07%	0.15%	0.07%
BRX	B	0.04%	0.12%	0.04%
BRZE	D	0.04%	0.1%	0.04%
BWXT	B	0.17%	0.4%	0.17%
CARG	C	0.06%	0.1%	0.06%
CARS	C	0.03%	0.02%	0.02%
CBT	D	0.14%	0.16%	0.14%
CBZ	D	0.12%	0.16%	0.12%
CDRE	B	0.09%	0.03%	0.03%
CEIX	B	0.09%	0.04%	0.04%
CERT	D	0.02%	0.07%	0.02%
CFLT	C	0.09%	0.31%	0.09%
CFR	D	0.12%	0.09%	0.09%
CHCO	C	0.05%	0.03%	0.03%
CHE	D	0.08%	0.38%	0.08%
CHH	B	0.08%	0.15%	0.08%
CLDX	F	0.09%	0.1%	0.09%
CLSK	D	0.08%	0.16%	0.08%
CNK	A	0.12%	0.05%	0.05%
CNS	B	0.04%	0.09%	0.04%
COKE	B	0.17%	0.26%	0.17%
CORT	C	0.03%	0.08%	0.03%
CPRX	D	0.07%	0.03%	0.03%
CRDO	B	0.08%	0.19%	0.08%
CRNX	D	0.07%	0.13%	0.07%
CRS	B	0.11%	0.24%	0.11%
CRVL	B	0.13%	0.11%	0.11%
CSWI	A	0.12%	0.19%	0.12%
CVLT	B	0.21%	0.24%	0.21%
CVNA	B	0.34%	0.3%	0.3%
CW	C	0.19%	0.48%	0.19%
CWST	B	0.09%	0.26%	0.09%
CXM	D	0.02%	0.05%	0.02%
CYTK	D	0.03%	0.12%	0.03%
DBRG	F	0.07%	0.07%	0.07%
DCI	D	0.13%	0.4%	0.13%
DNLI	C	0.03%	0.06%	0.03%
DO	C	0.09%	0.04%	0.04%
DOCN	C	0.07%	0.05%	0.05%
DOCS	B	0.03%	0.16%	0.03%
DRVN	C	0.06%	0.02%	0.02%
DSGR	F	0.11%	0.01%	0.01%
DUOL	F	0.13%	0.35%	0.13%
DV	D	0.05%	0.13%	0.05%
DY	B	0.15%	0.23%	0.15%
EEFT	D	0.17%	0.11%	0.11%
EGP	B	0.04%	0.37%	0.04%
ELF	C	0.25%	0.53%	0.25%
ENSG	B	0.18%	0.31%	0.18%
ENV	C	0.08%	0.09%	0.08%
EPAC	B	0.11%	0.09%	0.09%
EPRT	A	0.05%	0.13%	0.05%
ESAB	D	0.19%	0.18%	0.18%
ESRT	C	0.07%	0.02%	0.02%
ESTC	B	0.1%	0.45%	0.1%
EVH	F	0.08%	0.11%	0.08%
EVTC	F	0.04%	0.04%	0.04%
EXEL	C	0.09%	0.3%	0.09%
EXLS	B	0.09%	0.23%	0.09%
EXP	D	0.18%	0.34%	0.18%
FA	C	0.02%	0.01%	0.01%
FCN	D	0.09%	0.36%	0.09%
FELE	D	0.08%	0.18%	0.08%
FIVE	F	0.03%	0.28%	0.03%
FLNC	F	0.03%	0.05%	0.03%
FLYW	F	0.02%	0.07%	0.02%
FOR	F	0.1%	0.01%	0.01%
FORM	A	0.07%	0.21%	0.07%
FOUR	B	0.1%	0.2%	0.1%
FRPT	A	0.25%	0.27%	0.25%
FSS	D	0.18%	0.23%	0.18%
FTDR	D	0.05%	0.05%	0.05%
FWRG	F	0.09%	0.03%	0.03%
GATX	B	0.13%	0.09%	0.09%
GERN	B	0.1%	0.1%	0.1%
GFF	D	0.11%	0.07%	0.07%
GIC	F	0.09%	0.01%	0.01%
GKOS	A	0.17%	0.27%	0.17%
GNTX	D	0.12%	0.36%	0.12%
GOLF	C	0.13%	0.04%	0.04%
GPK	D	0.12%	0.17%	0.12%
GSAT	D	0.04%	0.04%	0.04%
GSHD	D	0.02%	0.06%	0.02%
GTLB	C	0.08%	0.26%	0.08%
GVA	B	0.14%	0.07%	0.07%
GWRE	A	0.11%	0.53%	0.11%
H	C	0.21%	0.21%	0.21%
HAE	C	0.04%	0.19%	0.04%
HALO	B	0.11%	0.3%	0.11%
HAS	D	0.05%	0.14%	0.05%
HASI	D	0.05%	0.07%	0.05%
HCP	A	0.06%	0.2%	0.06%
HEES	F	0.09%	0.04%	0.04%
HIMS	C	0.17%	0.14%	0.14%
HLIT	B	0.05%	0.06%	0.05%
HLNE	B	0.05%	0.22%	0.05%
HLX	B	0.11%	0.08%	0.08%
HQY	B	0.14%	0.33%	0.14%
HRB	B	0.05%	0.14%	0.05%
HRI	F	0.18%	0.08%	0.08%
HRMY	B	0.07%	0.05%	0.05%
HURN	C	0.08%	0.08%	0.08%
HWKN	B	0.12%	0.08%	0.08%
HXL	D	0.08%	0.24%	0.08%
IBP	D	0.18%	0.22%	0.18%
ICFI	D	0.1%	0.13%	0.1%
IDCC	A	0.11%	0.13%	0.11%
IDYA	F	0.06%	0.06%	0.06%
IESC	C	0.15%	0.06%	0.06%
IIPR	B	0.08%	0.07%	0.07%
INFA	B	0.16%	0.07%	0.07%
INGR	D	0.13%	0.12%	0.12%
INSM	A	0.11%	0.5%	0.11%
INSP	F	0.06%	0.18%	0.06%
IONS	B	0.05%	0.3%	0.05%
IOSP	D	0.07%	0.14%	0.07%
IOT	C	0.16%	0.29%	0.16%
IPAR	F	0.08%	0.1%	0.08%
IRT	B	0.05%	0.1%	0.05%
IRTC	C	0.08%	0.15%	0.08%
ITCI	C	0.09%	0.32%	0.09%
ITGR	C	0.22%	0.13%	0.13%
ITRI	C	0.14%	0.21%	0.14%
ITT	D	0.17%	0.48%	0.17%
IVT	C	0.02%	0.03%	0.02%
JAMF	C	0.02%	0.04%	0.02%
JBI	D	0.09%	0.05%	0.05%
JJSF	B	0.03%	0.07%	0.03%
JOE	D	0.05%	0.09%	0.05%
KAI	B	0.16%	0.16%	0.16%
KNSL	F	0.17%	0.39%	0.17%
KRUS	F	0.09%	0.02%	0.02%
KTOS	B	0.08%	0.13%	0.08%
KYMR	D	0.1%	0.06%	0.06%
LAMR	B	0.09%	0.21%	0.09%
LAUR	C	0.1%	0.04%	0.04%
LFST	D	0.02%	0.01%	0.01%
LKFN	D	0.07%	0.02%	0.02%
LMAT	A	0.09%	0.07%	0.07%
LMND	C	0.1%	0.02%	0.02%
LNTH	C	0.06%	0.26%	0.06%
LNW	B	0.23%	0.44%	0.23%
LOPE	C	0.09%	0.17%	0.09%
LRN	D	0.11%	0.09%	0.09%
LYFT	F	0.16%	0.08%	0.08%
MARA	C	0.16%	0.24%	0.16%
MBIN	C	0.12%	0.02%	0.02%
MCW	F	0.05%	0.01%	0.01%
MGEE	D	0.02%	0.06%	0.02%
MGNI	B	0.12%	0.04%	0.04%
MIR	C	0.1%	0.1%	0.1%
MIRM	B	0.03%	0.05%	0.03%
MKSI	B	0.18%	0.14%	0.14%
MMSI	B	0.05%	0.22%	0.05%
MOD	B	0.23%	0.22%	0.22%
MOG.A	C	0.19%	0.16%	0.16%
MSA	C	0.17%	0.19%	0.17%
MSM	F	0.04%	0.07%	0.04%
MTCH	F	0.04%	0.37%	0.04%
MTN	F	0.04%	0.17%	0.04%
MTRN	F	0.04%	0.1%	0.04%
MTSI	A	0.05%	0.29%	0.05%
MUSA	C	0.2%	0.44%	0.2%
MYGN	B	0.06%	0.1%	0.06%
MYRG	F	0.1%	0.11%	0.1%
NABL	B	0.03%	0.05%	0.03%
NCLH	C	0.2%	0.36%	0.2%
NCNO	B	0.11%	0.11%	0.11%
NEO	D	0.04%	0.04%	0.04%
NEU	D	0.15%	0.05%	0.05%
NHI	A	0.08%	0.14%	0.08%
NSA	B	0.03%	0.06%	0.03%
NSSC	B	0.1%	0.08%	0.08%
NTST	D	0.02%	0.03%	0.02%
NYT	A	0.05%	0.36%	0.05%
OLLI	B	0.17%	0.28%	0.17%
ONTO	B	0.16%	0.5%	0.16%
OPCH	F	0.08%	0.22%	0.08%
OSCR	D	0.15%	0.14%	0.14%
OSIS	C	0.1%	0.07%	0.07%
OSW	B	0.09%	0.07%	0.07%
OTTR	D	0.05%	0.07%	0.05%
OUT	C	0.09%	0.04%	0.04%
OWL	D	0.17%	0.37%	0.17%
PAR	B	0.08%	0.07%	0.07%
PATH	D	0.05%	0.26%	0.05%
PCTY	F	0.03%	0.27%	0.03%
PEB	D	0.05%	0.03%	0.03%
PEGA	D	0.17%	0.11%	0.11%
PGNY	D	0.1%	0.11%	0.1%
PHR	F	0.05%	0.05%	0.05%
PI	C	0.12%	0.16%	0.12%
PJT	A	0.09%	0.11%	0.09%
PLMR	C	0.13%	0.09%	0.09%
PLNT	B	0.05%	0.3%	0.05%
POST	C	0.18%	0.15%	0.15%
POWL	D	0.13%	0.06%	0.06%
PRCT	C	0.16%	0.13%	0.13%
PRI	C	0.17%	0.22%	0.17%
PRO	F	0.02%	0.06%	0.02%
PRVA	D	0.02%	0.08%	0.02%
PSN	C	0.22%	0.08%	0.08%
PTCT	D	0.09%	0.08%	0.08%
PTGX	B	0.11%	0.08%	0.08%
PZZA	F	0.02%	0.05%	0.02%
QLYS	D	0.04%	0.24%	0.04%
QTWO	B	0.12%	0.16%	0.12%
RAMP	C	0.05%	0.06%	0.05%
RARE	D	0.04%	0.17%	0.04%
RBC	C	0.05%	0.36%	0.05%
RDNT	B	0.16%	0.18%	0.16%
RES	F	0.04%	0.02%	0.02%
RHP	D	0.11%	0.26%	0.11%
RL	C	0.21%	0.21%	0.21%
RLI	D	0.13%	0.27%	0.13%
RNG	F	0.06%	0.04%	0.04%
ROAD	D	0.13%	0.11%	0.11%
ROCK	D	0.07%	0.1%	0.07%
RPD	C	0.04%	0.12%	0.04%
RRR	B	0.07%	0.09%	0.07%
RVMD	D	0.05%	0.09%	0.05%
RXRX	F	0.02%	0.06%	0.02%
RXST	D	0.15%	0.09%	0.09%
RYAN	B	0.14%	0.27%	0.14%
RYTM	B	0.1%	0.09%	0.09%
S	C	0.08%	0.26%	0.08%
SFBS	C	0.12%	0.06%	0.06%
SFM	B	0.29%	0.27%	0.27%
SGRY	F	0.04%	0.09%	0.04%
SHAK	D	0.11%	0.15%	0.11%
SHO	C	0.07%	0.1%	0.07%
SITC	B	0.02%	0.05%	0.02%
SKT	D	0.05%	0.08%	0.05%
SKWD	D	0.13%	0.02%	0.02%
SKYW	B	0.15%	0.09%	0.09%
SMG	D	0.09%	0.06%	0.06%
SMMT	C	0.2%	0.02%	0.02%
SMTC	C	0.11%	0.09%	0.09%
SOFI	F	0.08%	0.31%	0.08%
SPR	B	0.12%	0.11%	0.11%
SPSC	B	0.05%	0.32%	0.05%
SPT	D	0.03%	0.08%	0.03%
SQSP	B	0.09%	0.12%	0.09%
SRRK	F	0.02%	0.01%	0.01%
SSD	F	0.11%	0.34%	0.11%
STRL	D	0.14%	0.17%	0.14%
SWI	B	0.07%	0.02%	0.02%
SXI	D	0.07%	0.05%	0.05%
SYBT	C	0.05%	0.03%	0.03%
TBBK	B	0.06%	0.06%	0.06%
TDW	C	0.23%	0.13%	0.13%
TENB	C	0.04%	0.23%	0.04%
TGI	B	0.08%	0.02%	0.02%
TGLS	C	0.1%	0.05%	0.05%
TGTX	B	0.09%	0.06%	0.06%
THR	D	0.07%	0.03%	0.03%
TMDX	A	0.1%	0.22%	0.1%
TNC	D	0.1%	0.05%	0.05%
TNDM	C	0.09%	0.08%	0.08%
TNET	F	0.14%	0.05%	0.05%
TOST	B	0.23%	0.49%	0.23%
TPG	D	0.07%	0.09%	0.07%
TPX	D	0.11%	0.27%	0.11%
TR	C	0.05%	0.02%	0.02%
TREX	F	0.1%	0.37%	0.1%
TRIP	F	0.08%	0.09%	0.08%
TRN	D	0.11%	0.06%	0.06%
TWST	B	0.14%	0.12%	0.12%
TXRH	B	0.25%	0.54%	0.25%
UDMY	F	0.04%	0.04%	0.04%
UE	B	0.03%	0.06%	0.03%
UEC	D	0.05%	0.1%	0.05%
UFPT	A	0.13%	0.09%	0.09%
UMH	A	0.02%	0.03%	0.02%
UPWK	D	0.02%	0.02%	0.02%
USLM	C	0.16%	0.04%	0.04%
VCEL	C	0.12%	0.11%	0.11%
VCYT	C	0.03%	0.08%	0.03%
VECO	B	0.1%	0.09%	0.09%
VERX	B	0.12%	0.08%	0.08%
VNT	D	0.15%	0.17%	0.15%
VRNS	B	0.13%	0.24%	0.13%
VRRM	B	0.1%	0.21%	0.1%
WDFC	D	0.08%	0.14%	0.08%
WEN	F	0.04%	0.07%	0.04%
WEX	D	0.13%	0.2%	0.13%
WFRD	B	0.24%	0.41%	0.24%
WHD	C	0.08%	0.08%	0.08%
WMG	D	0.04%	0.19%	0.04%
WNC	F	0.07%	0.02%	0.02%
WRBY	C	0.06%	0.05%	0.05%
WSC	F	0.07%	0.34%	0.07%
WTS	D	0.08%	0.23%	0.08%
WWD	D	0.21%	0.46%	0.21%
XPEL	F	0.02%	0.03%	0.02%
YELP	F	0.05%	0.06%	0.05%
YOU	B	0.05%	0.07%	0.05%
ZETA	B	0.16%	0.14%	0.14%
ZUO	C	0.03%	0.06%	0.03%
ZWS	D	0.16%	0.2%	0.16%

FAD Overweight 283 Positions Relative to ISCG

Symbol	Grade	Weight
NVDA	B	0.63%
VST	C	0.57%
ANET	A	0.55%
CRWD	B	0.55%
RCL	B	0.53%
HWM	C	0.53%
CEG	B	0.51%
TT	B	0.51%
WAB	D	0.5%
AMZN	A	0.5%
DECK	C	0.49%
VRT	C	0.49%
META	A	0.49%
CMG	D	0.49%
APO	B	0.48%
KKR	C	0.48%
BAH	C	0.48%
FCNCA	C	0.47%
PWR	D	0.47%
PSTG	B	0.46%
ETN	C	0.46%
HLT	B	0.46%
NTAP	A	0.45%
JPM	B	0.45%
IR	C	0.44%
KLAC	B	0.43%
LLY	A	0.43%
GDDY	A	0.43%
PHM	D	0.42%
CCL	C	0.42%
UBER	B	0.42%
GE	D	0.42%
NTNX	C	0.42%
COST	A	0.42%
LII	B	0.41%
GWW	C	0.41%
IRM	B	0.41%
CAT	D	0.41%
NFLX	A	0.41%
AMAT	B	0.41%
LRCX	B	0.4%
MLM	D	0.4%
PLTR	A	0.4%
SMCI	B	0.4%
LYV	C	0.39%
URI	D	0.39%
BRO	B	0.38%
BK	B	0.38%
LPLA	B	0.38%
TDG	D	0.38%
PCAR	D	0.38%
CSL	C	0.38%
DASH	C	0.37%
DAL	D	0.37%
RSG	A	0.37%
DKNG	F	0.37%
AXON	C	0.35%
ENTG	B	0.35%
MAR	C	0.35%
MGM	B	0.34%
AZO	C	0.34%
ORLY	C	0.34%
HUBB	C	0.33%
ERIE	C	0.33%
EXPE	C	0.33%
PH	D	0.33%
VMC	D	0.33%
FICO	A	0.32%
AVGO	B	0.32%
CRM	C	0.31%
MAS	D	0.31%
NET	B	0.31%
APH	B	0.31%
SHW	D	0.31%
BKNG	B	0.3%
ISRG	A	0.3%
STX	B	0.3%
BSX	B	0.3%
BLDR	F	0.3%
GRMN	C	0.29%
MSI	B	0.29%
CL	B	0.29%
CTAS	A	0.28%
ECL	B	0.28%
DPZ	D	0.28%
DDOG	B	0.28%
SNPS	B	0.28%
ROST	B	0.27%
WM	B	0.27%
LECO	F	0.27%
MANH	B	0.27%
APP	B	0.27%
NTRA	B	0.27%
NOW	A	0.27%
ARES	C	0.27%
EW	B	0.26%
WING	B	0.26%
CDNS	B	0.26%
ABNB	B	0.25%
NTRS	C	0.25%
IT	B	0.25%
CPRT	C	0.25%
NVR	D	0.25%
HOOD	B	0.25%
SYK	B	0.25%
OKTA	C	0.24%
AMD	B	0.24%
MEDP	C	0.24%
EME	D	0.24%
IBM	B	0.24%
DVA	C	0.23%
HST	D	0.23%
CPAY	D	0.23%
KD	C	0.22%
HEI	B	0.22%
FAST	D	0.22%
DXCM	D	0.22%
FIX	D	0.22%
IQV	D	0.22%
GOOGL	A	0.22%
TTD	A	0.21%
TTEK	D	0.21%
NXPI	B	0.2%
MSFT	A	0.2%
ULTA	D	0.2%
IBKR	B	0.2%
TJX	A	0.2%
TOL	D	0.2%
WSM	D	0.2%
ORCL	A	0.2%
CLH	B	0.2%
MMC	B	0.19%
DLR	B	0.19%
AJG	A	0.19%
XPO	C	0.19%
XYL	D	0.19%
CNM	D	0.19%
ROL	A	0.19%
BLD	D	0.19%
PTC	B	0.18%
OTIS	B	0.18%
RMD	C	0.18%
MRVL	C	0.18%
NBIX	C	0.18%
ZS	B	0.18%
CHD	C	0.18%
INTU	A	0.18%
DRI	D	0.17%
AME	D	0.17%
MA	C	0.17%
WMS	D	0.17%
TRU	C	0.17%
HUBS	C	0.17%
LIN	C	0.17%
SPG	C	0.17%
LVS	F	0.16%
FTV	D	0.16%
CELH	F	0.16%
SLB	D	0.16%
FTNT	C	0.16%
MSTR	D	0.16%
CASY	B	0.16%
HD	C	0.16%
EFX	B	0.16%
RPM	D	0.16%
WDAY	D	0.15%
SGBX	F	0.15%
MRUS	C	0.14%
FND	F	0.14%
CSGP	F	0.14%
SAIA	C	0.14%
LW	F	0.14%
SPNT	D	0.13%
CMPR	B	0.13%
MORN	B	0.13%
BKD	C	0.13%
FSLR	C	0.13%
LPG	C	0.12%
INSW	C	0.12%
TNL	D	0.12%
ALLE	D	0.12%
RIVN	C	0.12%
WYNN	D	0.12%
MAC	D	0.12%
PFGC	D	0.12%
PR	C	0.12%
GRBK	C	0.12%
BRKR	F	0.12%
AOS	D	0.12%
GBX	D	0.12%
SLG	B	0.11%
CAL	F	0.11%
PCOR	C	0.11%
MPWR	B	0.11%
PANW	B	0.11%
JWN	B	0.11%
COLL	C	0.11%
SRPT	C	0.11%
AMRX	C	0.11%
PK	D	0.11%
PINS	B	0.11%
WSO	B	0.1%
WMB	B	0.1%
TMUS	B	0.1%
KTB	D	0.1%
AAL	F	0.1%
GPOR	D	0.1%
VRTX	B	0.1%
CHDN	B	0.1%
CRL	F	0.1%
W	D	0.1%
V	C	0.09%
STE	C	0.09%
BR	B	0.09%
RBLX	B	0.09%
INVH	A	0.09%
ROP	B	0.09%
PPL	D	0.09%
HCC	C	0.09%
PG	C	0.09%
TW	C	0.09%
SPGI	B	0.09%
TTWO	C	0.09%
MCO	A	0.09%
GGG	D	0.08%
BEAM	D	0.08%
COTY	F	0.08%
SCS	C	0.08%
MNST	D	0.08%
DFH	F	0.08%
ACN	D	0.08%
AON	C	0.08%
ITW	D	0.08%
CSX	D	0.08%
DOCU	C	0.08%
A	D	0.08%
FFIV	C	0.08%
ROK	D	0.08%
PLAY	F	0.08%
CBOE	D	0.08%
ADSK	B	0.08%
STZ	B	0.08%
BA	C	0.08%
STWD	D	0.08%
ALB	F	0.07%
GTX	D	0.07%
TDS	B	0.07%
DRH	D	0.07%
PLAB	D	0.07%
GIII	F	0.07%
VEEV	D	0.07%
GBDC	C	0.07%
IEX	D	0.07%
AKAM	F	0.07%
NDSN	D	0.07%
CCOI	D	0.07%
MDB	D	0.06%
SATS	B	0.06%
AES	D	0.05%
PMT	C	0.05%
RKT	C	0.05%
WABC	D	0.05%
ALX	B	0.05%
SBRA	A	0.05%
KNTK	B	0.05%
UNIT	D	0.04%
XMTR	F	0.04%
ALHC	B	0.04%
CIVI	D	0.04%
BANC	D	0.04%
JKHY	C	0.04%
ESE	D	0.03%
LADR	A	0.03%
PRGS	B	0.03%
CTRE	A	0.03%
AGL	D	0.03%
EXAS	D	0.03%
OPEN	F	0.03%
JACK	F	0.02%
CTKB	D	0.02%
VC	D	0.02%
VGR	C	0.02%
MORF	C	0.02%

FAD Underweight 644 Positions Relative to ISCG

Symbol	Grade	Weight
COHR	B	-0.49%
FTAI	B	-0.47%
CTLT	B	-0.47%
CUBE	B	-0.46%
OLED	A	-0.45%
SKX	C	-0.43%
FN	C	-0.41%
EHC	B	-0.4%
KBR	D	-0.4%
PCVX	B	-0.36%
LSCC	D	-0.36%
CGNX	B	-0.35%
TKO	B	-0.35%
ROKU	C	-0.33%
MTZ	C	-0.31%
CAVA	B	-0.3%
SPXC	B	-0.3%
PEN	D	-0.3%
CACI	B	-0.3%
RGEN	F	-0.3%
ACHC	F	-0.29%
REXR	C	-0.29%
CHX	C	-0.29%
LFUS	C	-0.29%
SMAR	B	-0.28%
RMBS	B	-0.28%
GTLS	D	-0.28%
NOVT	C	-0.27%
FR	C	-0.27%
TRNO	B	-0.26%
VVV	B	-0.25%
TTC	C	-0.25%
VKTX	D	-0.24%
AYI	D	-0.24%
BILL	F	-0.23%
SEIC	D	-0.23%
EDR	A	-0.23%
RGLD	B	-0.22%
DLB	D	-0.22%
MKTX	C	-0.22%
GMED	B	-0.22%
EXPO	C	-0.22%
KRG	B	-0.22%
CR	C	-0.22%
ACLS	B	-0.21%
MDGL	C	-0.21%
KEX	B	-0.21%
KNX	C	-0.21%
KRYS	B	-0.21%
CART	C	-0.21%
NOV	D	-0.21%
RHI	F	-0.2%
SUM	D	-0.2%
FRT	C	-0.2%
NXT	F	-0.2%
ETSY	F	-0.2%
CLF	D	-0.2%
HLI	A	-0.19%
LANC	B	-0.18%
SKY	F	-0.18%
CHWY	C	-0.18%
ORA	C	-0.18%
COLD	C	-0.17%
UFPI	D	-0.17%
GNRC	C	-0.17%
WK	F	-0.17%
CCCS	D	-0.17%
FLS	D	-0.17%
AXNX	B	-0.16%
GH	C	-0.16%
LBRDK	C	-0.16%
SLAB	D	-0.16%
NNN	B	-0.16%
ALV	D	-0.16%
CIEN	F	-0.16%
MASI	F	-0.16%
VAL	B	-0.15%
AI	B	-0.15%
FIVN	D	-0.15%
GME	C	-0.15%
SMPL	D	-0.15%
NSP	F	-0.15%
JLL	B	-0.15%
SITE	F	-0.15%
LIVN	D	-0.14%
IRDM	D	-0.14%
LSTR	D	-0.14%
MIDD	F	-0.14%
GPS	C	-0.14%
CZR	C	-0.14%
JEF	B	-0.14%
MLI	C	-0.14%
WTM	D	-0.14%
CERE	C	-0.14%
CVCO	D	-0.13%
AGO	D	-0.13%
TKR	D	-0.13%
SAM	C	-0.13%
AIRC	A	-0.13%
FROG	B	-0.13%
PECO	C	-0.13%
LEA	F	-0.12%
KLIC	B	-0.12%
CROX	C	-0.12%
MGRC	D	-0.12%
AZTA	D	-0.12%
RIOT	D	-0.12%
BE	D	-0.12%
FCFS	F	-0.12%
BHVN	F	-0.12%
STAG	B	-0.12%
VOYA	D	-0.12%
CWAN	B	-0.12%
NSIT	C	-0.12%
ESI	B	-0.11%
BDC	C	-0.11%
AMG	D	-0.11%
DBX	D	-0.11%
OII	B	-0.11%
LCID	D	-0.11%
WIRE	A	-0.11%
BWIN	A	-0.11%
NUVL	C	-0.11%
FRSH	D	-0.11%
THO	D	-0.11%
MBLY	D	-0.11%
KWR	F	-0.11%
CRUS	A	-0.11%
FUL	D	-0.11%
THG	D	-0.11%
NARI	C	-0.11%
GXO	F	-0.11%
SWN	D	-0.11%
AMKR	B	-0.11%
AL	C	-0.11%
SPB	D	-0.11%
R	B	-0.11%
SAIC	D	-0.11%
STRA	C	-0.11%
ADC	B	-0.11%
SG	D	-0.11%
ROG	D	-0.1%
YETI	F	-0.1%
ATKR	F	-0.1%
SWTX	F	-0.1%
LPX	D	-0.1%
BIO	D	-0.1%
CNMD	D	-0.1%
EVR	A	-0.1%
TDC	C	-0.1%
NPO	D	-0.1%
CALX	C	-0.1%
PD	C	-0.1%
UCTT	A	-0.1%
MAT	F	-0.1%
AVDX	B	-0.1%
ZI	F	-0.1%
AEO	F	-0.1%
ASH	D	-0.1%
RH	D	-0.1%
BOOT	B	-0.1%
NTLA	F	-0.1%
OSK	D	-0.1%
BBIO	D	-0.1%
MODG	D	-0.1%
KNF	C	-0.1%
SYNA	F	-0.1%
SITM	B	-0.1%
ALGM	C	-0.1%
HOMB	D	-0.09%
SRCL	B	-0.09%
AEIS	C	-0.09%
NFE	F	-0.09%
MSGS	B	-0.09%
MWA	C	-0.09%
MMS	B	-0.09%
ENS	C	-0.09%
JBT	F	-0.09%
RCM	F	-0.09%
CRSP	F	-0.09%
BC	F	-0.09%
ACAD	C	-0.09%
PTEN	F	-0.09%
RYN	D	-0.09%
SXT	C	-0.08%
AAP	F	-0.08%
ABM	B	-0.08%
SONO	F	-0.08%
PRIM	D	-0.08%
POR	D	-0.08%
EXTR	C	-0.08%
SIGI	F	-0.08%
ALTM	F	-0.08%
IOVA	F	-0.08%
RXO	B	-0.08%
AIN	D	-0.08%
SEM	A	-0.08%
STAA	B	-0.08%
WH	C	-0.08%
RELY	D	-0.08%
PLXS	D	-0.08%
BATRK	B	-0.08%
UPST	F	-0.08%
KFY	B	-0.08%
ADUS	B	-0.08%
FOLD	C	-0.08%
LITE	B	-0.08%
MNKD	C	-0.07%
SANM	C	-0.07%
XHR	D	-0.07%
IDA	D	-0.07%
PIPR	A	-0.07%
ASPN	D	-0.07%
BLKB	D	-0.07%
CDP	B	-0.07%
RIG	F	-0.07%
DORM	C	-0.07%
MEG	D	-0.07%
COHU	B	-0.07%
CTS	D	-0.07%
INTA	C	-0.07%
RUSHA	F	-0.07%
APAM	D	-0.07%
HUN	F	-0.07%
MATX	B	-0.07%
THRM	F	-0.07%
ARWR	C	-0.07%
AX	B	-0.07%
RDDT	B	-0.07%
ASTH	C	-0.07%
IBOC	C	-0.07%
IMVT	D	-0.07%
POWI	D	-0.07%
VITL	C	-0.06%
ASAN	D	-0.06%
HGV	D	-0.06%
TXG	F	-0.06%
LOB	F	-0.06%
ARLO	B	-0.06%
MP	D	-0.06%
AIR	B	-0.06%
NJR	D	-0.06%
ICHR	B	-0.06%
PWSC	B	-0.06%
REZI	D	-0.06%
VERA	C	-0.06%
KAR	C	-0.06%
AVDL	C	-0.06%
ICUI	B	-0.06%
PSMT	D	-0.06%
UNF	B	-0.06%
EBC	B	-0.06%
CNX	C	-0.06%
CWT	C	-0.06%
IONQ	F	-0.06%
FFIN	D	-0.06%
MSGE	D	-0.06%
EVBG	B	-0.06%
VSEC	B	-0.06%
FRHC	C	-0.06%
PBH	C	-0.06%
STEP	B	-0.06%
ASGN	D	-0.06%
LNN	D	-0.06%
LZ	F	-0.05%
GPRE	F	-0.05%
HI	F	-0.05%
WINA	D	-0.05%
DYN	B	-0.05%
PATK	D	-0.05%
PYCR	D	-0.05%
COCO	B	-0.05%
WULF	B	-0.05%
ATEC	D	-0.05%
IAC	F	-0.05%
COLM	D	-0.05%
URBN	C	-0.05%
IPGP	D	-0.05%
ESTA	D	-0.05%
TRNS	C	-0.05%
WERN	F	-0.05%
ADNT	F	-0.05%
HHH	D	-0.05%
HL	C	-0.05%
VCTR	D	-0.05%
PDFS	B	-0.05%
CDE	A	-0.05%
ARCB	D	-0.05%
ATRC	C	-0.05%
LTH	B	-0.05%
ALIT	F	-0.05%
CRAI	C	-0.05%
PRFT	B	-0.05%
DIOD	C	-0.05%
XNCR	F	-0.05%
PCH	F	-0.05%
CWEN	D	-0.05%
NHC	A	-0.04%
DCO	B	-0.04%
VICR	F	-0.04%
COUR	F	-0.04%
SLP	F	-0.04%
QNST	C	-0.04%
USPH	F	-0.04%
DNOW	D	-0.04%
MRVI	F	-0.04%
CCS	D	-0.04%
ULS	B	-0.04%
CENX	B	-0.04%
VIAV	D	-0.04%
DGII	D	-0.04%
JOBY	C	-0.04%
PUBM	D	-0.04%
NVEE	F	-0.04%
DVAX	D	-0.04%
AMBA	B	-0.04%
MQ	C	-0.04%
DNUT	F	-0.04%
UTZ	D	-0.04%
SHC	C	-0.04%
CECO	B	-0.04%
LGND	B	-0.04%
SYM	D	-0.04%
LCII	F	-0.04%
AMED	A	-0.04%
SBCF	D	-0.04%
HNI	C	-0.04%
TFIN	B	-0.04%
RLJ	F	-0.04%
SLNO	C	-0.04%
NVAX	C	-0.04%
NVCR	D	-0.04%
EXPI	F	-0.04%
MCRI	D	-0.04%
HAYW	F	-0.04%
PLUG	F	-0.04%
MLKN	D	-0.04%
CLB	B	-0.04%
SCL	D	-0.04%
ALEX	B	-0.04%
SNEX	B	-0.04%
SNDX	C	-0.04%
KVYO	B	-0.04%
BNL	B	-0.04%
SHOO	C	-0.04%
CPK	C	-0.04%
AVPT	B	-0.04%
INDI	D	-0.04%
ATEN	C	-0.04%
GO	D	-0.04%
WOLF	F	-0.04%
PPC	B	-0.04%
WSFS	B	-0.04%
PLUS	D	-0.04%
MGPI	F	-0.03%
RPAY	C	-0.03%
LAB	D	-0.03%
BLFS	C	-0.03%
BBSI	B	-0.03%
RCKT	F	-0.03%
LC	C	-0.03%
VRE	D	-0.03%
LBRDA	C	-0.03%
LQDA	C	-0.03%
TILE	D	-0.03%
VMEO	F	-0.03%
ARCT	F	-0.03%
RLAY	F	-0.03%
RVLV	F	-0.03%
YEXT	F	-0.03%
OEC	F	-0.03%
ZIP	F	-0.03%
CMCO	F	-0.03%
GDYN	C	-0.03%
ANDE	D	-0.03%
REYN	D	-0.03%
CLVT	F	-0.03%
DRQ	F	-0.03%
BMBL	F	-0.03%
PRAX	D	-0.03%
NBBK	D	-0.03%
VSTS	F	-0.03%
HUT	B	-0.03%
CASH	B	-0.03%
CHEF	A	-0.03%
UTI	B	-0.03%
KFRC	D	-0.03%
APOG	D	-0.03%
SDGR	F	-0.03%
DRS	B	-0.03%
AMPL	F	-0.03%
FOXF	C	-0.03%
VRTS	D	-0.03%
HLIO	D	-0.03%
FSLY	F	-0.03%
TDOC	F	-0.03%
TALO	F	-0.03%
BHE	D	-0.03%
BJRI	B	-0.03%
RKLB	B	-0.03%
VVI	D	-0.03%
FCPT	B	-0.03%
IAS	C	-0.03%
PCRX	F	-0.03%
TRUP	B	-0.03%
WT	B	-0.03%
LOAR	D	-0.03%
CGON	D	-0.03%
MTTR	C	-0.03%
AKRO	C	-0.03%
RBRK	C	-0.03%
MXL	B	-0.03%
TLRY	D	-0.03%
HAYN	C	-0.03%
HSTM	C	-0.03%
PACS	B	-0.03%
GRC	C	-0.03%
KROS	F	-0.03%
ERII	F	-0.03%
MCY	C	-0.03%
FIZZ	B	-0.03%
DFIN	D	-0.03%
IMAX	C	-0.03%
NRDS	B	-0.02%
VRDN	F	-0.02%
MTUS	F	-0.02%
DNTH	C	-0.02%
WMK	D	-0.02%
MITK	F	-0.02%
CFB	B	-0.02%
NRC	F	-0.02%
NXRT	C	-0.02%
SAGE	F	-0.02%
LEU	F	-0.02%
KNSA	C	-0.02%
CNXN	D	-0.02%
EYE	F	-0.02%
KGS	C	-0.02%
HCKT	D	-0.02%
GABC	B	-0.02%
IMXI	F	-0.02%
MRTN	C	-0.02%
CHCT	F	-0.02%
DXPE	D	-0.02%
LMB	C	-0.02%
AMRC	F	-0.02%
SWBI	D	-0.02%
BELFB	C	-0.02%
MUX	C	-0.02%
ALNT	F	-0.02%
KOP	F	-0.02%
WVE	C	-0.02%
MNTK	C	-0.02%
VZIO	B	-0.02%
ARHS	C	-0.02%
PRLB	D	-0.02%
REX	F	-0.02%
TNGX	C	-0.02%
PUMP	F	-0.02%
JBSS	D	-0.02%
AAT	B	-0.02%
BLND	C	-0.02%
PTLO	F	-0.02%
FIGS	C	-0.02%
IE	C	-0.02%
QCRH	C	-0.02%
COGT	C	-0.02%
MSEX	C	-0.02%
ATRI	B	-0.02%
BATRA	C	-0.02%
ATEX	B	-0.02%
CWH	F	-0.02%
BSIG	C	-0.02%
AGX	C	-0.02%
WS	C	-0.02%
ACHR	C	-0.02%
BFC	D	-0.02%
RCUS	F	-0.02%
GTY	D	-0.02%
OMI	F	-0.02%
FC	C	-0.02%
SAVA	F	-0.02%
PWP	B	-0.02%
TARS	C	-0.02%
ML	D	-0.02%
GOGO	D	-0.02%
KIDS	C	-0.02%
RSI	C	-0.02%
ECVT	D	-0.02%
LQDT	B	-0.02%
PWFL	D	-0.02%
RUM	D	-0.02%
IDT	D	-0.02%
AUPH	C	-0.02%
AOSL	B	-0.02%
NIC	C	-0.02%
DAWN	D	-0.02%
SIBN	D	-0.02%
NVTS	F	-0.02%
CWEN	D	-0.02%
WTTR	B	-0.02%
NX	F	-0.02%
INST	B	-0.02%
LAZR	F	-0.02%
SJW	D	-0.02%
AESI	C	-0.02%
PRM	B	-0.02%
SANA	F	-0.02%
FIP	B	-0.02%
TFSL	D	-0.02%
AORT	B	-0.02%
ETWO	C	-0.02%
NWLI	A	-0.02%
SEDG	F	-0.02%
PRDO	C	-0.02%
MLNK	C	-0.02%
ROIC	C	-0.02%
SAFE	F	-0.02%
HIBB	A	-0.02%
INFN	B	-0.02%
IMNM	F	-0.02%
YORW	B	-0.02%
EOLS	D	-0.02%
CTOS	F	-0.01%
CHGG	F	-0.01%
WEST	D	-0.01%
LYEL	F	-0.01%
TITN	F	-0.01%
ARKO	D	-0.01%
PLPC	F	-0.01%
MYE	F	-0.01%
ALEC	F	-0.01%
OABI	D	-0.01%
CLNE	F	-0.01%
CTRI	F	-0.01%
EIG	C	-0.01%
ACCD	F	-0.01%
ORIC	D	-0.01%
CDLX	F	-0.01%
HBT	B	-0.01%
HG	D	-0.01%
NKLA	F	-0.01%
STTK	F	-0.01%
FWRD	D	-0.01%
PLRX	F	-0.01%
STER	C	-0.01%
CSTL	F	-0.01%
BYON	F	-0.01%
EVER	C	-0.01%
SEMR	C	-0.01%
CLBK	F	-0.01%
NPK	D	-0.01%
OFLX	F	-0.01%
RUSHB	F	-0.01%
ENFN	D	-0.01%
VREX	F	-0.01%
MLAB	D	-0.01%
STOK	D	-0.01%
SNCY	C	-0.01%
PLOW	F	-0.01%
TH	D	-0.01%
MAX	F	-0.01%
KE	F	-0.01%
PGY	C	-0.01%
CCB	C	-0.01%
GCT	C	-0.01%
YMAB	D	-0.01%
NEXT	C	-0.01%
NBR	F	-0.01%
SYRE	D	-0.01%
GDEN	F	-0.01%
NOVA	D	-0.01%
UHT	C	-0.01%
CELC	B	-0.01%
EVCM	B	-0.01%
EWCZ	F	-0.01%
GOOD	B	-0.01%
CGEM	D	-0.01%
FRPH	F	-0.01%
ROOT	C	-0.01%
QTRX	F	-0.01%
SCVL	C	-0.01%
TIPT	F	-0.01%
RBCAA	C	-0.01%
EVRI	C	-0.01%
FNA	F	-0.01%
ULCC	F	-0.01%
ABSI	D	-0.01%
ANAB	B	-0.01%
CHUY	F	-0.01%
ATRO	C	-0.01%
LBPH	B	-0.01%
EVLV	F	-0.01%
TALK	F	-0.01%
PRA	F	-0.01%
PRME	F	-0.01%
AMAL	B	-0.01%
AMBC	F	-0.01%
ATSG	C	-0.01%
GDRX	B	-0.01%
HSII	D	-0.01%
LESL	F	-0.01%
OLO	F	-0.01%
DNA	F	-0.01%
NN	B	-0.01%
EZPW	D	-0.01%
TMCI	D	-0.01%
CASS	D	-0.01%
AVNS	F	-0.01%
TTI	F	-0.01%
WSR	B	-0.01%
AVO	F	-0.01%
GMRE	B	-0.01%
FPI	C	-0.01%
ATXS	F	-0.01%
TTGT	B	-0.01%
SVV	D	-0.01%
IIIN	F	-0.01%
BXC	F	-0.01%
VERV	F	-0.01%
GES	D	-0.01%
WEAV	C	-0.01%
MMI	D	-0.01%
AMPS	D	-0.01%
BTSG	C	-0.01%
MLR	D	-0.01%
BOC	F	-0.01%
EYPT	F	-0.01%
IIIV	B	-0.01%
SVRA	C	-0.01%
TBLA	F	-0.01%
PLYM	B	-0.01%
RGP	F	-0.0%
ALXO	F	-0.0%
GYRE	F	-0.0%
TYRA	C	-0.0%
HPK	C	-0.0%
DH	F	-0.0%
REPX	C	-0.0%
ACTG	C	-0.0%
LEGH	D	-0.0%
ZNTL	F	-0.0%
SCLX	C	-0.0%
CYRX	F	-0.0%