FAD vs. VTWG ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Vanguard Russell 2000 Growth ETF (VTWG)

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

$146.35

Average Daily Volume

4,276

Number of Holdings ^*

640

* may have additional holdings in another (foreign) market

VTWG

Vanguard Russell 2000 Growth ETF

VTWG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 2000Â® Growth Index. The index is designed to measure the performance of small-capitalization growth stocks in the United States. 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

$221.79

Average Daily Volume

33,079

Number of Holdings ^*

967

* may have additional holdings in another (foreign) market

Performance

Period	FAD	VTWG
30 Days	7.67%	6.52%
60 Days	10.52%	7.41%
90 Days	13.20%	8.38%
12 Months	42.08%	36.87%

246 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in VTWG	Overlap
ACAD	C	0.03%	0.13%	0.03%
ACIW	C	0.22%	0.38%	0.22%
ACLX	C	0.13%	0.27%	0.13%
ACVA	B	0.05%	0.19%	0.05%
ADMA	B	0.12%	0.27%	0.12%
ADUS	D	0.06%	0.06%	0.06%
AESI	B	0.05%	0.1%	0.05%
AGM	B	0.05%	0.11%	0.05%
AGYS	A	0.05%	0.17%	0.05%
AIT	B	0.2%	0.66%	0.2%
AIV	C	0.05%	0.04%	0.04%
ALHC	C	0.11%	0.09%	0.09%
ALKT	B	0.11%	0.12%	0.11%
ALX	D	0.04%	0.04%	0.04%
AMPH	F	0.06%	0.14%	0.06%
AMRX	C	0.12%	0.08%	0.08%
ANET	C	0.33%	0.0%	0.0%
ANF	F	0.17%	0.49%	0.17%
ANIP	F	0.04%	0.06%	0.04%
AORT	B	0.1%	0.06%	0.06%
APAM	B	0.03%	0.21%	0.03%
APOG	C	0.08%	0.04%	0.04%
APPN	B	0.03%	0.11%	0.03%
ARDX	F	0.03%	0.1%	0.03%
ARLO	C	0.02%	0.07%	0.02%
AROC	A	0.06%	0.25%	0.06%
ARQT	B	0.05%	0.06%	0.05%
ASPN	F	0.06%	0.02%	0.02%
ASTH	F	0.08%	0.17%	0.08%
ATGE	B	0.14%	0.04%	0.04%
AUR	C	0.17%	0.19%	0.17%
AVAV	C	0.16%	0.42%	0.16%
AWR	B	0.02%	0.13%	0.02%
AX	B	0.26%	0.03%	0.03%
AXSM	B	0.13%	0.24%	0.13%
AZZ	A	0.07%	0.14%	0.07%
BANF	B	0.08%	0.02%	0.02%
BCO	F	0.16%	0.34%	0.16%
BCPC	B	0.08%	0.4%	0.08%
BCRX	D	0.09%	0.12%	0.09%
BDC	C	0.13%	0.18%	0.13%
BKD	F	0.05%	0.08%	0.05%
BL	B	0.02%	0.23%	0.02%
BLBD	D	0.08%	0.1%	0.08%
BLFS	C	0.06%	0.06%	0.06%
BLKB	B	0.08%	0.23%	0.08%
BMI	B	0.16%	0.44%	0.16%
BOOT	C	0.17%	0.27%	0.17%
BOX	B	0.13%	0.33%	0.13%
BPMC	B	0.08%	0.41%	0.08%
CAKE	C	0.08%	0.17%	0.08%
CALM	A	0.12%	0.02%	0.02%
CARG	B	0.08%	0.2%	0.08%
CBT	D	0.16%	0.43%	0.16%
CBZ	B	0.03%	0.24%	0.03%
CCOI	B	0.1%	0.26%	0.1%
CDRE	F	0.04%	0.07%	0.04%
CENX	B	0.1%	0.07%	0.07%
CHCO	B	0.08%	0.01%	0.01%
CHEF	A	0.12%	0.1%	0.1%
CIFR	C	0.08%	0.04%	0.04%
CLB	B	0.02%	0.07%	0.02%
CLDX	F	0.02%	0.1%	0.02%
CLSK	C	0.06%	0.18%	0.06%
CMPR	D	0.05%	0.06%	0.05%
CNK	C	0.14%	0.19%	0.14%
CNS	B	0.13%	0.2%	0.13%
COLL	F	0.07%	0.08%	0.07%
CORT	B	0.24%	0.29%	0.24%
CPRX	C	0.1%	0.18%	0.1%
CRAI	C	0.1%	0.09%	0.09%
CRDO	B	0.16%	0.36%	0.16%
CRNX	C	0.04%	0.36%	0.04%
CRS	B	0.23%	0.53%	0.23%
CRVL	B	0.18%	0.2%	0.18%
CSWI	B	0.23%	0.43%	0.23%
CTRE	C	0.08%	0.03%	0.03%
CTS	C	0.03%	0.09%	0.03%
CVLT	B	0.22%	0.47%	0.22%
CWAN	B	0.11%	0.29%	0.11%
CWST	A	0.09%	0.45%	0.09%
CWT	C	0.07%	0.06%	0.06%
DNLI	D	0.04%	0.14%	0.04%
DOCN	C	0.06%	0.19%	0.06%
DORM	B	0.11%	0.22%	0.11%
DRVN	B	0.06%	0.07%	0.06%
DSGR	C	0.12%	0.03%	0.03%
DY	D	0.21%	0.37%	0.21%
EAT	A	0.19%	0.3%	0.19%
ENSG	C	0.21%	0.64%	0.21%
ENVX	F	0.02%	0.1%	0.02%
EPAC	C	0.05%	0.18%	0.05%
ESE	B	0.08%	0.12%	0.08%
EVH	F	0.04%	0.2%	0.04%
EXLS	B	0.19%	0.48%	0.19%
EXPO	D	0.07%	0.35%	0.07%
FBP	C	0.09%	0.02%	0.02%
FFIN	B	0.19%	0.35%	0.19%
FLNC	D	0.06%	0.1%	0.06%
FOLD	F	0.02%	0.25%	0.02%
FSS	B	0.16%	0.36%	0.16%
FTDR	B	0.14%	0.29%	0.14%
GERN	D	0.08%	0.12%	0.08%
GFF	A	0.07%	0.18%	0.07%
GH	B	0.05%	0.19%	0.05%
GKOS	B	0.09%	0.48%	0.09%
GOLF	B	0.04%	0.13%	0.04%
GSHD	A	0.13%	0.18%	0.13%
GTLS	A	0.06%	0.38%	0.06%
GVA	A	0.15%	0.23%	0.15%
HALO	F	0.12%	0.47%	0.12%
HEES	C	0.06%	0.12%	0.06%
HIMS	C	0.19%	0.26%	0.19%
HLIT	D	0.06%	0.09%	0.06%
HLNE	B	0.24%	0.51%	0.24%
HLX	B	0.04%	0.02%	0.02%
HNI	B	0.12%	0.08%	0.08%
HRMY	F	0.08%	0.07%	0.07%
HUMA	F	0.04%	0.03%	0.03%
HURN	C	0.08%	0.15%	0.08%
HWKN	B	0.12%	0.15%	0.12%
IAS	C	0.05%	0.01%	0.01%
IBP	D	0.14%	0.38%	0.14%
ICFI	F	0.06%	0.23%	0.06%
IDCC	B	0.16%	0.28%	0.16%
IESC	C	0.16%	0.13%	0.13%
INSM	C	0.11%	0.78%	0.11%
INTA	B	0.11%	0.15%	0.11%
IOVA	F	0.06%	0.2%	0.06%
IPAR	B	0.04%	0.16%	0.04%
ITGR	B	0.17%	0.21%	0.17%
ITRI	C	0.22%	0.34%	0.22%
JAMF	F	0.02%	0.1%	0.02%
JANX	C	0.1%	0.11%	0.1%
JJSF	C	0.05%	0.19%	0.05%
JOE	F	0.02%	0.14%	0.02%
KAI	B	0.15%	0.29%	0.15%
KNF	B	0.22%	0.41%	0.22%
KNTK	A	0.06%	0.01%	0.01%
KTB	B	0.23%	0.35%	0.23%
KTOS	B	0.07%	0.11%	0.07%
KYMR	D	0.11%	0.15%	0.11%
LFST	B	0.1%	0.03%	0.03%
LKFN	C	0.05%	0.01%	0.01%
LMAT	A	0.11%	0.13%	0.11%
LMND	B	0.15%	0.07%	0.07%
LNTH	D	0.14%	0.56%	0.14%
LPG	F	0.02%	0.04%	0.02%
LRN	A	0.14%	0.29%	0.14%
MARA	B	0.05%	0.28%	0.05%
MCY	A	0.14%	0.02%	0.02%
MGEE	B	0.06%	0.1%	0.06%
MGNI	B	0.08%	0.1%	0.08%
MIR	A	0.03%	0.03%	0.03%
MIRM	B	0.1%	0.11%	0.1%
MLNK	C	0.03%	0.03%	0.03%
MMSI	A	0.18%	0.42%	0.18%
MNKD	C	0.1%	0.11%	0.1%
MOD	A	0.2%	0.45%	0.2%
MOG.A	B	0.22%	0.4%	0.22%
MWA	B	0.11%	0.25%	0.11%
NEO	C	0.05%	0.01%	0.01%
NMIH	C	0.09%	0.02%	0.02%
NRIX	C	0.07%	0.08%	0.07%
NSSC	D	0.02%	0.1%	0.02%
NVAX	F	0.04%	0.08%	0.04%
OCUL	D	0.05%	0.12%	0.05%
OII	B	0.08%	0.18%	0.08%
OSCR	D	0.09%	0.24%	0.09%
OSIS	A	0.07%	0.15%	0.07%
OSW	B	0.11%	0.13%	0.11%
OUT	A	0.1%	0.08%	0.08%
PAR	A	0.03%	0.15%	0.03%
PAYO	A	0.17%	0.14%	0.14%
PBI	B	0.12%	0.03%	0.03%
PHR	F	0.04%	0.08%	0.04%
PI	D	0.14%	0.32%	0.14%
PIPR	A	0.25%	0.36%	0.25%
PJT	A	0.14%	0.24%	0.14%
PLAY	D	0.03%	0.09%	0.03%
PLMR	A	0.11%	0.16%	0.11%
POWL	C	0.16%	0.18%	0.16%
PRCT	B	0.14%	0.28%	0.14%
PRGS	A	0.09%	0.2%	0.09%
PRIM	A	0.16%	0.23%	0.16%
PTCT	B	0.1%	0.17%	0.1%
PTGX	D	0.11%	0.2%	0.11%
PTON	A	0.11%	0.2%	0.11%
PZZA	F	0.02%	0.09%	0.02%
QTWO	A	0.25%	0.37%	0.25%
RDNT	B	0.24%	0.32%	0.24%
REVG	C	0.13%	0.08%	0.08%
RHP	B	0.09%	0.46%	0.09%
RKLB	A	0.24%	0.28%	0.24%
RNA	C	0.11%	0.34%	0.11%
ROAD	B	0.16%	0.25%	0.16%
RRR	F	0.02%	0.09%	0.02%
RVMD	C	0.1%	0.39%	0.1%
RXST	F	0.04%	0.13%	0.04%
RYTM	C	0.13%	0.19%	0.13%
SABR	C	0.1%	0.02%	0.02%
SEMR	C	0.08%	0.03%	0.03%
SFBS	B	0.24%	0.09%	0.09%
SFM	A	0.27%	0.96%	0.27%
SGBX	F	0.11%	0.26%	0.11%
SHAK	C	0.08%	0.34%	0.08%
SITM	B	0.08%	0.23%	0.08%
SKT	A	0.05%	0.1%	0.05%
SKWD	A	0.12%	0.03%	0.03%
SLVM	B	0.12%	0.05%	0.05%
SMPL	B	0.03%	0.23%	0.03%
SMTC	B	0.1%	0.21%	0.1%
SOUN	B	0.03%	0.11%	0.03%
STEP	C	0.14%	0.28%	0.14%
STRL	A	0.15%	0.35%	0.15%
SXI	B	0.05%	0.12%	0.05%
SXT	C	0.05%	0.22%	0.05%
TBBK	C	0.13%	0.18%	0.13%
TDW	F	0.03%	0.22%	0.03%
TGLS	B	0.1%	0.11%	0.1%
TGTX	B	0.15%	0.26%	0.15%
THR	B	0.02%	0.01%	0.01%
TMDX	F	0.09%	0.19%	0.09%
TNC	D	0.02%	0.05%	0.02%
TNDM	D	0.05%	0.15%	0.05%
TRN	B	0.13%	0.19%	0.13%
TRUP	B	0.15%	0.13%	0.13%
TWST	F	0.06%	0.17%	0.06%
UFPT	C	0.08%	0.14%	0.08%
UMH	B	0.05%	0.01%	0.01%
USLM	A	0.14%	0.09%	0.09%
VCTR	B	0.11%	0.18%	0.11%
VECO	F	0.02%	0.1%	0.02%
VERX	A	0.09%	0.17%	0.09%
VITL	D	0.08%	0.08%	0.08%
VRNS	D	0.11%	0.41%	0.11%
VRRM	F	0.07%	0.32%	0.07%
WDFC	B	0.05%	0.26%	0.05%
WHD	B	0.14%	0.29%	0.14%
WRBY	A	0.07%	0.11%	0.07%
WT	A	0.08%	0.11%	0.08%
WULF	C	0.14%	0.11%	0.11%
WWW	A	0.15%	0.09%	0.09%
YELP	C	0.02%	0.17%	0.02%
YOU	D	0.09%	0.24%	0.09%
ZETA	D	0.14%	0.37%	0.14%

FAD Overweight 394 Positions Relative to VTWG

Symbol	Grade	Weight
APP	B	0.96%
PLTR	B	0.69%
AXON	A	0.63%
CVNA	B	0.59%
TRGP	A	0.57%
RCL	A	0.55%
VRT	B	0.52%
VST	A	0.52%
DASH	B	0.51%
EXPE	B	0.51%
GDDY	A	0.5%
GS	A	0.5%
HOOD	B	0.5%
EME	A	0.49%
KKR	A	0.49%
FICO	B	0.49%
HWM	A	0.48%
BK	A	0.46%
PWR	A	0.46%
CCL	A	0.45%
WAB	B	0.45%
HEI	A	0.44%
BURL	B	0.44%
TT	A	0.44%
AXP	A	0.44%
ALL	A	0.44%
PGR	A	0.43%
NRG	B	0.43%
URI	C	0.43%
CPNG	D	0.42%
VTR	B	0.42%
UTHR	C	0.42%
AMP	A	0.41%
NTRS	A	0.41%
LYV	A	0.41%
IRM	C	0.41%
FI	A	0.4%
GRMN	B	0.4%
FCNCA	A	0.4%
TMUS	B	0.39%
RBLX	C	0.39%
NVDA	B	0.39%
THC	D	0.39%
TPL	A	0.39%
JPM	A	0.39%
NOW	A	0.38%
ACGL	C	0.37%
PM	B	0.37%
ORCL	A	0.37%
MSI	B	0.37%
PH	A	0.37%
CEG	C	0.37%
BRO	B	0.36%
PCG	A	0.36%
GEN	B	0.36%
BSX	A	0.36%
LII	A	0.35%
HCA	F	0.35%
COST	A	0.35%
CTAS	B	0.35%
PEG	A	0.34%
META	D	0.33%
FSLR	F	0.33%
RMD	C	0.33%
CAT	B	0.33%
SHW	B	0.33%
AFRM	A	0.32%
IBM	C	0.32%
GE	D	0.32%
ERIE	D	0.32%
AVGO	D	0.32%
APO	B	0.32%
NEE	C	0.31%
COIN	C	0.31%
SOFI	B	0.3%
TDG	D	0.3%
ALNY	D	0.29%
BAH	F	0.29%
FTNT	C	0.29%
BKNG	A	0.29%
NFLX	A	0.29%
GWW	B	0.28%
CASY	A	0.27%
HLT	A	0.27%
ISRG	A	0.27%
NDAQ	A	0.27%
DECK	B	0.27%
HUBB	B	0.26%
AJG	A	0.26%
BR	A	0.26%
TTD	B	0.26%
WELL	A	0.26%
WSO	A	0.26%
MCO	B	0.25%
TJX	A	0.25%
NTRA	A	0.25%
BRK.A	B	0.25%
TYL	B	0.25%
ALSN	B	0.25%
FOUR	A	0.24%
ECL	D	0.24%
MANH	D	0.24%
NTAP	C	0.24%
SPGI	C	0.24%
FIX	A	0.24%
LVS	B	0.24%
SO	C	0.24%
CSL	C	0.24%
ICE	C	0.24%
DUOL	A	0.23%
VLTO	C	0.23%
UBER	F	0.23%
PSA	C	0.23%
TOST	B	0.23%
TSCO	D	0.23%
IBKR	A	0.22%
TSLA	B	0.22%
EXEL	B	0.22%
COHR	B	0.22%
XYL	D	0.22%
CW	C	0.22%
CL	D	0.22%
EFX	F	0.21%
EWBC	A	0.21%
AMT	C	0.21%
WMB	A	0.21%
IOT	A	0.21%
CPAY	A	0.2%
DVA	C	0.2%
AAON	B	0.2%
LTH	C	0.2%
ADSK	A	0.19%
MO	A	0.19%
PODD	C	0.19%
MSTR	B	0.19%
PSN	D	0.19%
GMED	A	0.19%
PANW	B	0.19%
COKE	C	0.19%
MAR	A	0.19%
TPG	A	0.19%
DELL	B	0.19%
HLI	A	0.19%
PEGA	B	0.19%
RSG	A	0.18%
DOV	A	0.18%
GWRE	A	0.18%
ATI	C	0.18%
ORLY	B	0.18%
RL	C	0.18%
SPG	A	0.18%
APH	A	0.18%
ARES	A	0.18%
TTEK	F	0.18%
ETN	A	0.18%
SLG	B	0.18%
AMZN	C	0.18%
FRPT	B	0.18%
TXRH	B	0.18%
CACI	D	0.18%
AAPL	C	0.17%
ROL	B	0.17%
TKO	A	0.17%
MMC	B	0.17%
CBOE	C	0.17%
AZO	C	0.17%
ADC	A	0.17%
ITT	A	0.17%
EHC	B	0.17%
IT	C	0.17%
KEX	B	0.17%
EXP	B	0.17%
IR	B	0.17%
DOCU	B	0.16%
HRB	D	0.16%
ROST	D	0.16%
NCLH	B	0.16%
BFAM	D	0.16%
MCD	D	0.16%
VICI	C	0.16%
EPRT	B	0.16%
OTIS	C	0.16%
BWXT	B	0.15%
AWI	A	0.15%
KO	D	0.15%
BLD	D	0.15%
WSM	C	0.15%
AMGN	F	0.15%
AYI	B	0.15%
IBOC	B	0.15%
PLNT	A	0.15%
BRBR	A	0.15%
O	C	0.15%
RIVN	F	0.15%
EXR	C	0.15%
FFIV	B	0.14%
SCI	B	0.14%
S	B	0.14%
LLY	F	0.14%
HOMB	A	0.14%
PRI	B	0.14%
ONB	C	0.14%
ENVA	B	0.14%
SMG	C	0.14%
DOCS	C	0.14%
FLS	B	0.14%
QCRH	B	0.14%
CLH	C	0.13%
VCYT	B	0.13%
HASI	D	0.13%
TW	A	0.13%
RYAN	A	0.13%
OLLI	D	0.12%
NYT	D	0.12%
WYNN	C	0.12%
NHC	C	0.12%
ALLE	C	0.12%
DKS	F	0.12%
OHI	C	0.12%
SBRA	C	0.12%
DT	D	0.12%
AZEK	A	0.12%
SKYW	B	0.12%
WWD	C	0.12%
MPWR	F	0.11%
DTM	A	0.11%
PRK	B	0.11%
NBHC	C	0.11%
PRM	C	0.11%
LPLA	A	0.11%
SYBT	B	0.11%
CDE	C	0.11%
AGIO	C	0.11%
SATS	D	0.11%
ESAB	C	0.1%
GME	C	0.1%
CRM	B	0.1%
WING	D	0.1%
RARE	F	0.1%
PCTY	C	0.1%
CRWD	B	0.1%
MTCH	D	0.1%
CBSH	B	0.1%
CRUS	D	0.1%
CFR	B	0.1%
INSP	D	0.1%
CHWY	B	0.1%
REG	A	0.09%
EEFT	B	0.09%
CHDN	B	0.09%
AES	F	0.09%
ORA	B	0.09%
IRT	A	0.09%
DBX	B	0.09%
WM	B	0.09%
CHD	A	0.09%
ATR	B	0.09%
MA	B	0.09%
PAYX	B	0.09%
GOOGL	C	0.09%
MKTX	D	0.09%
WDAY	B	0.09%
BRX	A	0.09%
MSGS	A	0.09%
ADP	A	0.09%
SYK	B	0.09%
WTTR	A	0.09%
DKNG	B	0.09%
MKL	A	0.09%
LITE	B	0.09%
AON	A	0.09%
AXTA	B	0.09%
RUN	F	0.09%
DLR	B	0.09%
GPN	B	0.09%
WTM	A	0.09%
ITCI	C	0.09%
FAST	B	0.09%
RLI	A	0.09%
NPAB	F	0.09%
CUBE	C	0.08%
SBAC	D	0.08%
UE	B	0.08%
AGNC	C	0.08%
MU	D	0.08%
LIN	C	0.08%
RNG	C	0.08%
KMB	C	0.08%
GLPI	C	0.08%
QCOM	F	0.08%
LAMR	C	0.08%
GPK	C	0.08%
GAP	C	0.08%
CPT	B	0.08%
PG	C	0.08%
WAT	C	0.08%
BGC	C	0.08%
VRTX	D	0.08%
KNSL	B	0.08%
GABC	B	0.08%
CROX	D	0.08%
MSCI	C	0.08%
AVB	B	0.08%
CMG	B	0.08%
ESS	B	0.08%
EQIX	A	0.08%
MBIN	F	0.08%
KRG	B	0.08%
ITW	B	0.08%
PMT	C	0.07%
KLAC	F	0.07%
AOS	F	0.07%
ESRT	C	0.07%
FND	D	0.07%
A	D	0.07%
KN	B	0.07%
AAT	B	0.07%
FCN	F	0.07%
CCI	C	0.07%
ZTS	D	0.07%
IIPR	D	0.06%
TNL	A	0.06%
LYFT	C	0.06%
CEIX	A	0.06%
NSA	C	0.06%
MTD	F	0.06%
BRC	D	0.06%
NHI	D	0.06%
GTX	C	0.05%
CHH	A	0.05%
KW	C	0.05%
TRMB	B	0.05%
SCS	C	0.05%
FCPT	C	0.05%
CDP	C	0.05%
LOPE	C	0.05%
SWI	C	0.05%
GATX	A	0.05%
NTNX	B	0.05%
GTY	A	0.05%
NXRT	B	0.05%
OWL	A	0.05%
CPK	A	0.05%
MASI	B	0.05%
DAY	B	0.05%
KD	B	0.05%
MAC	B	0.05%
BANC	B	0.05%
LGND	C	0.05%
PAYC	B	0.05%
NNN	C	0.04%
ELAN	D	0.04%
CHE	D	0.04%
MEDP	D	0.04%
EGP	D	0.04%
SSD	F	0.04%
FR	D	0.04%
MYGN	F	0.04%
ROIV	C	0.04%
APPF	B	0.04%
NEU	D	0.04%
UDR	B	0.04%
CNM	D	0.04%
H	B	0.04%
LNW	F	0.04%
AM	A	0.04%
ESI	B	0.04%
DCI	B	0.04%
RGLD	C	0.04%
EPR	C	0.04%
ELME	D	0.04%
MORN	B	0.04%
MAIN	A	0.04%
RBC	A	0.04%
LCID	F	0.03%
CARS	C	0.03%
WABC	B	0.03%
BRKR	D	0.03%
U	C	0.03%
TGI	B	0.03%
TECH	F	0.03%
RLAY	F	0.02%
XPRO	D	0.02%
AZTA	D	0.02%
GNL	F	0.02%
IRDM	D	0.02%
BXMT	C	0.02%
AMC	C	0.02%
BEAM	D	0.02%
FBRT	D	0.02%
WEN	D	0.02%
STRA	C	0.02%
LTC	B	0.02%
TR	B	0.02%

FAD Underweight 721 Positions Relative to VTWG

Symbol	Grade	Weight
PCVX	D	-0.94%
FN	C	-0.65%
MLI	B	-0.63%
FLR	B	-0.61%
HQY	A	-0.53%
NOVT	D	-0.45%
SPSC	D	-0.45%
HRI	C	-0.44%
ALTR	B	-0.44%
BECN	B	-0.41%
CHX	C	-0.4%
WTS	B	-0.39%
MMS	F	-0.39%
RMBS	B	-0.38%
NSIT	F	-0.36%
ZWS	B	-0.36%
TENB	C	-0.35%
MC	C	-0.35%
SIGI	C	-0.35%
MDGL	B	-0.34%
QLYS	B	-0.33%
KRYS	C	-0.32%
FELE	B	-0.32%
UFPI	C	-0.31%
ALKS	C	-0.31%
WK	B	-0.3%
MGY	A	-0.3%
AEIS	C	-0.3%
UPST	B	-0.28%
RXO	D	-0.28%
ENS	F	-0.26%
HAE	C	-0.26%
AXNX	A	-0.26%
SLAB	F	-0.25%
LANC	C	-0.25%
POWI	F	-0.25%
CVCO	A	-0.25%
ENV	B	-0.24%
GMS	B	-0.24%
SHOO	F	-0.24%
NUVL	C	-0.23%
ATKR	D	-0.23%
FORM	D	-0.22%
UEC	B	-0.22%
MGRC	B	-0.21%
ACLS	F	-0.21%
NSP	F	-0.21%
AEO	F	-0.21%
TNET	F	-0.2%
PATK	C	-0.2%
HGV	C	-0.2%
LCII	C	-0.2%
BCC	C	-0.19%
NARI	C	-0.19%
WD	D	-0.19%
ALRM	C	-0.19%
SEM	B	-0.18%
KLIC	B	-0.18%
COMP	B	-0.18%
FRSH	B	-0.18%
EWTX	C	-0.18%
ARCB	C	-0.18%
HBI	B	-0.18%
VC	F	-0.18%
RPD	B	-0.18%
SKY	A	-0.17%
IRTC	C	-0.17%
ARWR	D	-0.17%
MQ	D	-0.17%
AMR	C	-0.17%
IOSP	C	-0.17%
ENR	B	-0.17%
DYN	F	-0.17%
IDYA	F	-0.17%
CNMD	C	-0.16%
EVTC	B	-0.16%
KWR	C	-0.16%
MYRG	B	-0.16%
VCEL	A	-0.16%
MTRN	C	-0.15%
VAL	F	-0.15%
BBIO	F	-0.15%
COOP	B	-0.15%
SWTX	C	-0.15%
BRZE	C	-0.15%
AI	B	-0.15%
FLYW	B	-0.15%
OPCH	D	-0.14%
LAUR	A	-0.14%
PRVA	C	-0.14%
NATL	B	-0.14%
JOBY	B	-0.14%
LBPH	A	-0.14%
VYX	B	-0.13%
IMVT	F	-0.13%
KROS	D	-0.13%
ALG	B	-0.13%
BE	B	-0.13%
SRRK	C	-0.13%
KOS	D	-0.13%
TFIN	B	-0.13%
VERA	C	-0.12%
UPBD	B	-0.12%
PLUS	F	-0.12%
NVCR	C	-0.12%
AGX	B	-0.12%
TARS	C	-0.12%
STNE	F	-0.12%
RAMP	B	-0.12%
PD	C	-0.12%
ARVN	F	-0.12%
UPWK	B	-0.12%
STAA	F	-0.11%
CSTM	F	-0.11%
AMN	F	-0.11%
OTTR	C	-0.11%
PFSI	C	-0.11%
UCTT	D	-0.11%
RXRX	F	-0.11%
SMR	B	-0.11%
NGVT	B	-0.11%
CALX	D	-0.11%
SMMT	D	-0.11%
SNDX	F	-0.11%
SPT	C	-0.1%
PSMT	D	-0.1%
BKE	B	-0.1%
THRM	F	-0.1%
INFN	D	-0.1%
HROW	D	-0.1%
CSGS	B	-0.1%
ZUO	B	-0.1%
SONO	C	-0.1%
PLXS	B	-0.09%
LOB	C	-0.09%
USPH	B	-0.09%
RDFN	D	-0.09%
VRTS	B	-0.09%
KURA	F	-0.09%
DVAX	C	-0.09%
PGNY	F	-0.09%
ERII	F	-0.08%
CGON	F	-0.08%
ATRC	C	-0.08%
CWH	B	-0.08%
ATEN	A	-0.08%
SAVA	C	-0.08%
JBI	F	-0.08%
IMAX	B	-0.08%
LEU	C	-0.08%
HLIO	B	-0.08%
FIZZ	C	-0.08%
WOR	F	-0.08%
KFRC	D	-0.08%
KLG	B	-0.08%
TPH	D	-0.08%
EXPI	D	-0.08%
RCKT	F	-0.08%
QNST	B	-0.08%
AMBA	B	-0.08%
KALU	C	-0.08%
FUL	F	-0.08%
SPNS	F	-0.08%
PDFS	C	-0.07%
PRO	C	-0.07%
EOLS	D	-0.07%
WVE	C	-0.07%
PNTG	D	-0.07%
SHLS	F	-0.07%
ASGN	F	-0.07%
GPOR	B	-0.07%
ELVN	D	-0.07%
WLY	B	-0.07%
ASO	F	-0.07%
HCI	C	-0.07%
CXM	C	-0.07%
RVLV	A	-0.07%
COUR	F	-0.07%
JACK	C	-0.07%
DFIN	D	-0.07%
ASAN	B	-0.07%
SDGR	C	-0.07%
DNUT	F	-0.07%
XPEL	B	-0.07%
MXL	C	-0.07%
COGT	D	-0.07%
VZIO	A	-0.07%
ROCK	C	-0.07%
ARRY	F	-0.07%
VRDN	D	-0.07%
MCRI	A	-0.07%
EXTR	C	-0.07%
UDMY	D	-0.06%
OXM	F	-0.06%
YEXT	B	-0.06%
UTZ	F	-0.06%
VVI	C	-0.06%
LMB	B	-0.06%
GRC	A	-0.06%
AGL	F	-0.06%
PAGS	F	-0.06%
ATEC	C	-0.06%
SM	B	-0.06%
MRVI	F	-0.06%
RSI	A	-0.06%
MEG	F	-0.06%
XMTR	B	-0.06%
RCUS	F	-0.06%
DFH	D	-0.06%
BBSI	B	-0.06%
BLND	A	-0.06%
IE	C	-0.06%
AMSC	B	-0.06%
TRNS	D	-0.06%
OEC	C	-0.06%
NNBR	C	-0.06%
NABL	F	-0.06%
MCW	C	-0.05%
PUBM	C	-0.05%
SGHC	A	-0.05%
RVNC	F	-0.05%
BASE	B	-0.05%
LQDA	F	-0.05%
SSTK	F	-0.05%
PAX	C	-0.05%
LNN	B	-0.05%
GSAT	C	-0.05%
HI	C	-0.05%
URBN	C	-0.05%
ACMR	D	-0.05%
UTI	B	-0.05%
ZIP	D	-0.05%
DBRG	F	-0.05%
CCB	A	-0.05%
NEXT	C	-0.05%
MGPI	F	-0.05%
PECO	A	-0.05%
DAWN	D	-0.05%
GDYN	B	-0.05%
IBUY	B	-0.05%
BLMN	F	-0.05%
TPB	B	-0.05%
CECO	B	-0.05%
ACHR	B	-0.05%
AUPH	B	-0.05%
CGEM	F	-0.05%
SPRY	C	-0.05%
BSIG	A	-0.05%
KBH	D	-0.05%
JBSS	F	-0.05%
TTGT	B	-0.05%
FSLY	D	-0.05%
CASS	C	-0.04%
PLAB	C	-0.04%
DJCO	B	-0.04%
CVI	F	-0.04%
BBW	C	-0.04%
CTLP	B	-0.04%
CASH	B	-0.04%
PRMW	C	-0.04%
HLF	C	-0.04%
CRMD	C	-0.04%
IDT	B	-0.04%
APLT	C	-0.04%
AIN	C	-0.04%
MAX	F	-0.04%
FWRG	C	-0.04%
ABUS	D	-0.04%
EU	D	-0.04%
REAX	D	-0.04%
TREE	F	-0.04%
YMAB	F	-0.04%
INOD	B	-0.04%
CYTK	F	-0.04%
WEAV	C	-0.04%
APLD	B	-0.04%
PTLO	F	-0.04%
VSCO	C	-0.04%
HCKT	B	-0.04%
IBTA	C	-0.04%
IMXI	B	-0.04%
ACEL	C	-0.04%
EVRI	A	-0.04%
OSPN	A	-0.04%
LPRO	B	-0.04%
XNCR	B	-0.04%
VICR	C	-0.04%
NRDS	C	-0.04%
CDMO	A	-0.04%
GRBK	D	-0.04%
KRUS	B	-0.04%
IMNM	F	-0.04%
AXGN	C	-0.04%
TYRA	F	-0.03%
LRMR	D	-0.03%
AKRO	B	-0.03%
RIOT	C	-0.03%
URGN	F	-0.03%
WRLD	C	-0.03%
GIC	D	-0.03%
ARCT	F	-0.03%
NVEC	B	-0.03%
BYND	F	-0.03%
MNTK	F	-0.03%
BIGC	B	-0.03%
BFS	C	-0.03%
ARHS	F	-0.03%
LWLG	D	-0.03%
BJRI	C	-0.03%
PX	A	-0.03%
MDXG	B	-0.03%
CSV	B	-0.03%
AEHR	F	-0.03%
CELC	F	-0.03%
IRMD	C	-0.03%
PPTA	C	-0.03%
KALV	F	-0.03%
MITK	C	-0.03%
ALEC	F	-0.03%
ESQ	B	-0.03%
EAF	C	-0.03%
AIR	B	-0.03%
CBL	B	-0.03%
FA	C	-0.03%
TTI	B	-0.03%
JELD	F	-0.03%
UHT	D	-0.03%
PRTA	F	-0.03%
GCMG	A	-0.03%
ANAB	F	-0.03%
PLOW	D	-0.03%
BAND	B	-0.03%
SLP	D	-0.03%
MYE	F	-0.03%
ENFN	B	-0.03%
AMSF	B	-0.03%
CAPR	C	-0.03%
HY	D	-0.03%
STOK	F	-0.03%
FC	F	-0.03%
DMRC	B	-0.03%
FLNG	C	-0.03%
AGS	A	-0.03%
XERS	C	-0.03%
EVER	D	-0.03%
SIBN	F	-0.03%
MNMD	C	-0.03%
AHCO	F	-0.03%
THRY	F	-0.03%
CEVA	B	-0.03%
CRGY	B	-0.03%
LQDT	B	-0.03%
SANA	F	-0.03%
SYNA	C	-0.02%
HTLD	C	-0.02%
NATH	C	-0.02%
INSE	C	-0.02%
WTI	F	-0.02%
NBR	C	-0.02%
SERA	F	-0.02%
NOG	B	-0.02%
LOVE	A	-0.02%
PRME	F	-0.02%
ABSI	F	-0.02%
EWCZ	F	-0.02%
TRAK	B	-0.02%
EB	C	-0.02%
LAZR	F	-0.02%
TMCI	C	-0.02%
IIIN	C	-0.02%
CBRL	C	-0.02%
OCGN	F	-0.02%
DENN	D	-0.02%
LIND	C	-0.02%
SAH	C	-0.02%
LUNG	F	-0.02%
CYRX	F	-0.02%
IGMS	F	-0.02%
TDOC	C	-0.02%
NVEE	F	-0.02%
SNEX	A	-0.02%
NTST	C	-0.02%
HSTM	B	-0.02%
TH	C	-0.02%
SIGA	F	-0.02%
CDNA	D	-0.02%
JBT	B	-0.02%
FNA	B	-0.02%
BYRN	B	-0.02%
CRCT	F	-0.02%
OLO	A	-0.02%
ULCC	D	-0.02%
RCEL	B	-0.02%
CHPT	F	-0.02%
BMEA	F	-0.02%
ALT	C	-0.02%
SNCY	C	-0.02%
FDMT	F	-0.02%
SFL	D	-0.02%
VSEC	C	-0.02%
EYPT	D	-0.02%
SKYT	D	-0.02%
DOMO	B	-0.02%
BWMN	C	-0.02%
DK	C	-0.02%
CYH	F	-0.02%
METC	C	-0.02%
NRC	F	-0.02%
CENTA	C	-0.02%
EGHT	B	-0.02%
CERS	D	-0.02%
ICHR	C	-0.02%
INST	B	-0.02%
GHM	A	-0.02%
BLZE	F	-0.02%
CSTL	D	-0.02%
TSHA	C	-0.02%
DIOD	D	-0.02%
WERN	C	-0.02%
NNOX	D	-0.02%
ATEX	F	-0.02%
LESL	D	-0.02%
XPOF	C	-0.02%
PRG	C	-0.02%
PCT	C	-0.02%
CCS	D	-0.02%
IGT	F	-0.02%
CAL	F	-0.02%
PDCO	F	-0.02%
NIC	B	-0.02%
LYTS	B	-0.02%
PLSE	C	-0.02%
CMPO	B	-0.02%
NPO	A	-0.02%
GRND	B	-0.02%
SRCL	B	-0.02%
AMRC	D	-0.02%
RDVT	A	-0.02%
SRDX	B	-0.02%
SVRA	F	-0.02%
DHIL	B	-0.02%
CCO	C	-0.01%
NWPX	A	-0.01%
DAKT	C	-0.01%
CVGW	D	-0.01%
FOR	F	-0.01%
STKS	F	-0.01%
REKR	F	-0.01%
ODC	B	-0.01%
AKYA	F	-0.01%
BDTX	F	-0.01%
VERU	F	-0.01%
GCO	C	-0.01%
OMER	A	-0.01%
INMB	F	-0.01%
EMBC	C	-0.01%
ACCD	D	-0.01%
AIRS	C	-0.01%
EP	C	-0.01%
GLSI	F	-0.01%
EVI	F	-0.01%
FULC	F	-0.01%
XFOR	F	-0.01%
MLYS	F	-0.01%
BLNK	F	-0.01%
DC	D	-0.01%
LXRX	F	-0.01%
AMWD	C	-0.01%
CWCO	C	-0.01%
LFMD	D	-0.01%
NPCE	C	-0.01%
UVE	B	-0.01%
CTGO	D	-0.01%
MODV	C	-0.01%
OPRX	F	-0.01%
GNE	F	-0.01%
PEPG	F	-0.01%
STGW	A	-0.01%
INVA	D	-0.01%
SSTI	C	-0.01%
EGAN	C	-0.01%
EVEX	D	-0.01%
GOOD	B	-0.01%
IRON	B	-0.01%
PRTH	B	-0.01%
ACHV	F	-0.01%
TILE	B	-0.01%
STXS	C	-0.01%
SCWO	F	-0.01%
NTIC	B	-0.01%
MRAM	D	-0.01%
ULH	C	-0.01%
PFIS	A	-0.01%
QUIK	F	-0.01%
CADL	F	-0.01%
ESPR	B	-0.01%
TRVI	F	-0.01%
MRSN	D	-0.01%
PKE	B	-0.01%
LAW	F	-0.01%
AQST	D	-0.01%
TAYD	D	-0.01%
INBK	B	-0.01%
MVIS	F	-0.01%
SPNT	B	-0.01%
PAHC	C	-0.01%
KFS	B	-0.01%
BRY	F	-0.01%
GRPN	F	-0.01%
FHTX	C	-0.01%
JILL	C	-0.01%
SCPH	F	-0.01%
PSTL	D	-0.01%
QUAD	C	-0.01%
PAYS	F	-0.01%
PLUG	F	-0.01%
OLMA	F	-0.01%
TIPT	C	-0.01%
FFWM	C	-0.01%
LWAY	C	-0.01%
LCTX	F	-0.01%
SKIN	D	-0.01%
JYNT	C	-0.01%
RILY	F	-0.01%
INFU	B	-0.01%
BBAI	C	-0.01%
HNST	A	-0.01%
SUPN	C	-0.01%
DESP	B	-0.01%
SKYH	C	-0.01%
KLTR	B	-0.01%
PHAT	F	-0.01%
ACIC	B	-0.01%
SMTI	B	-0.01%
TSQ	D	-0.01%
BTMD	B	-0.01%
CDZI	C	-0.01%
ORIC	F	-0.01%
ZYXI	D	-0.01%
AVXL	B	-0.01%
QRHC	D	-0.01%
MSEX	C	-0.01%
CTOS	B	-0.01%
ADCT	F	-0.01%
SMLR	B	-0.01%
MDWD	D	-0.01%
GWRS	B	-0.01%
OMI	F	-0.01%
MGTX	C	-0.01%
TCX	D	-0.01%
BRCC	F	-0.01%
REX	D	-0.01%
LGIH	F	-0.01%
XOMA	C	-0.01%
AEYE	C	-0.01%
SMID	B	-0.01%
WKC	C	-0.01%
ARAY	C	-0.01%
MLP	B	-0.01%
LBRT	D	-0.01%
SCL	C	-0.01%
HEAR	D	-0.01%
EVCM	B	-0.01%
GAMB	A	-0.01%
PRCH	B	-0.01%
AVAH	B	-0.01%
INDI	C	-0.01%
LIVN	F	-0.01%
CDXC	B	-0.01%
INMD	C	-0.01%
ALTG	C	-0.01%
CDLX	D	-0.01%
CVRX	C	-0.01%
SGHT	F	-0.01%
ANDE	D	-0.01%
DSP	A	-0.01%
RGR	F	-0.01%
GOGO	C	-0.01%
OFLX	D	-0.01%
KREF	C	-0.01%
KRT	B	-0.01%
BVS	D	-0.01%
MRTN	D	-0.01%
PFMT	F	-0.01%
RICK	B	-0.01%
LNZA	F	-0.01%
IRWD	F	-0.01%
MGNX	F	-0.01%
PESI	B	-0.01%
ZURA	F	-0.01%
MLAB	F	-0.01%
GCBC	C	-0.01%
REAL	B	-0.01%
PBPB	C	-0.01%
QRTEB	F	-0.0%
SES	F	-0.0%
LYRA	F	-0.0%
TDUP	C	-0.0%
MASS	F	-0.0%
PGEN	F	-0.0%
BSVN	B	-0.0%
RSVR	B	-0.0%
QIPT	F	-0.0%
SPCE	D	-0.0%
ATLC	A	-0.0%
ULBI	F	-0.0%
GRWG	D	-0.0%
HLVX	F	-0.0%
VIRC	B	-0.0%
RMNI	C	-0.0%
LUNR	B	-0.0%
VGAS	B	-0.0%
RENB	F	-0.0%
FBIZ	B	-0.0%
CZFS	B	-0.0%
ELEV	D	-0.0%
PLPC	B	-0.0%
ORGO	B	-0.0%
HRTX	F	-0.0%
HOWL	F	-0.0%
APEI	B	-0.0%
BOC	C	-0.0%
TERN	F	-0.0%
CHRS	D	-0.0%
EVC	C	-0.0%
LSEA	D	-0.0%
FENC	D	-0.0%
SST	F	-0.0%
CTV	A	-0.0%
RGLS	F	-0.0%
MEC	F	-0.0%
DIBS	F	-0.0%
AMPX	C	-0.0%
DLHC	F	-0.0%
CIX	D	-0.0%
ALRS	D	-0.0%
HBIO	F	-0.0%
CDXS	B	-0.0%
SHYF	C	-0.0%
VRCA	F	-0.0%
CLBK	C	-0.0%
ALDX	D	-0.0%
RM	C	-0.0%
ORN	B	-0.0%
TNYA	D	-0.0%
SGC	C	-0.0%
ATOS	F	-0.0%
GALT	C	-0.0%
AVTE	D	-0.0%
IIIV	C	-0.0%
LASR	D	-0.0%
AKBA	C	-0.0%
STTK	F	-0.0%
NATR	C	-0.0%
MITT	D	-0.0%
CABA	F	-0.0%
INNV	F	-0.0%
VALU	C	-0.0%
AOMR	F	-0.0%
MPX	C	-0.0%
CENT	C	-0.0%
CHCT	C	-0.0%
CMRE	C	-0.0%
HCAT	D	-0.0%
FUBO	D	-0.0%
OOMA	B	-0.0%
FG	B	-0.0%
PBYI	C	-0.0%
METCB	F	-0.0%
ANIK	D	-0.0%
USCB	B	-0.0%
MYFW	B	-0.0%
MCBS	B	-0.0%
MLR	C	-0.0%
CURV	D	-0.0%
EPM	A	-0.0%
OABI	F	-0.0%
FIGS	F	-0.0%
NGS	B	-0.0%
REPX	A	-0.0%
PSTX	D	-0.0%
RDW	A	-0.0%
CRDF	F	-0.0%
ALXO	F	-0.0%
HDSN	F	-0.0%
SWBI	C	-0.0%
OUST	C	-0.0%
GMGI	C	-0.0%
QBTS	B	-0.0%
AHH	D	-0.0%
OBIO	C	-0.0%
BOOM	F	-0.0%
FLWS	D	-0.0%
EYE	C	-0.0%
RCKY	F	-0.0%
DXPE	B	-0.0%
ITIC	A	-0.0%
PTVE	B	-0.0%
ARKO	C	-0.0%
EGY	D	-0.0%
ATNM	F	-0.0%
OPEN	F	-0.0%
HOV	D	-0.0%
PCRX	C	-0.0%
SHBI	B	-0.0%
DIN	C	-0.0%
HQI	B	-0.0%
CRSR	C	-0.0%
AVO	C	-0.0%
BMBL	C	-0.0%
VTSI	C	-0.0%
MAPS	B	-0.0%
DCGO	B	-0.0%
NGVC	A	-0.0%
CLPR	D	-0.0%
YORW	F	-0.0%
TTSH	F	-0.0%
QTRX	F	-0.0%
OVID	F	-0.0%
PLL	C	-0.0%
NRDY	C	-0.0%