FAB holds a broad value-focused portfolio of stocks from the Nasdaq US Select Index Family. The fund uses a quantitative methodology to select and weight securities in three different size segments. In particular, FAB uses three value factors (P/B, ROA, and P/FCF) to rank companies. Once the fund has selected those firms best positioned for value, it employs a tiered weighting strategy that assigns weights of 50% to large caps, 30% to midcaps and 20% to small-caps. FAB makes huge sector bets and carries a small tilt. The index is reconstituted and rebalanced quarterly. Note: On April 8, 2016, the fund switched underlying indexes from the old Defined index to the current Nasdaq version. The index universe may differ slightly but the factors and methodology are the same.

Cognizant Technology Solutions Corporation

Accenture plc

PayPal Holdings, Inc.

Global Payments Inc.

ConocoPhillips

AT&T Inc.

General Motors Company

The Travelers Companies, Inc.

Zimmer Biomet Holdings, Inc.

The Allstate Corporation

Financial Services

Consumer Cyclical

Energy

Industrials

Technology

Utilities

Real Estate

Consumer Defensive

Healthcare

Basic Materials

First Trust Multi Cap Value AlphaDEX Fund

FAB Holdings & Sector Breakdown