This ETF offers broad-based exposure to U.S. equity markets, making it appealing to investors seeking to obtain domestic stock market allocation with a value tilt through a single ticker. FAB is one of the AlphaDEX products from First Trust, meaning that it is linked to an index that employs stock screening tactics with the objective of outperforming simple cap-weighted benchmarks. The AlphaDEX methodology has an impressive track record, so those in hunt of alpha may want to take a closer look at this ETF. Those seeking to minimize costs will probably steer clear, as FAB is considerably more expensive than IWW. FAB is a trade-off between the potential to beat a broad cap-weighted benchmark (such as the Russell 3000) and increased expenses.