DES vs. FNDA ETF Comparison

Comparison of SmallCap Dividend Fund (DES) to Schwab Fundamental U.S. Small Company Index ETF (FNDA)

DES

SmallCap Dividend Fund

DES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.20

Average Daily Volume

106,271

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

FNDA

Schwab Fundamental U.S. Small Company Index ETF

FNDA Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$30.84

Average Daily Volume

480,955

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

Performance

Period	DES	FNDA
30 Days	3.28%	1.95%
60 Days	4.66%	3.15%
90 Days	10.48%	8.41%
12 Months	28.03%	26.32%

349 Overlapping Holdings

Symbol	Grade	Weight in DES	Weight in FNDA	Overlap
AAT	C	0.07%	0.06%	0.06%
ABCB	B	0.19%	0.13%	0.13%
ACA	A	0.2%	0.19%	0.19%
ACCO	B	0.15%	0.05%	0.05%
AEIS	B	0.18%	0.11%	0.11%
AGM	B	0.18%	0.03%	0.03%
AGX	C	0.3%	0.06%	0.06%
AIN	C	0.13%	0.09%	0.09%
AKR	A	0.1%	0.08%	0.08%
ALE	A	0.72%	0.17%	0.17%
ALEX	B	0.07%	0.09%	0.07%
ALG	C	0.1%	0.07%	0.07%
AMRK	F	0.03%	0.05%	0.03%
AMSF	B	0.3%	0.01%	0.01%
ANDE	C	0.11%	0.12%	0.11%
APOG	B	0.25%	0.14%	0.14%
ARCB	C	0.11%	0.19%	0.11%
ARKO	D	0.08%	0.02%	0.02%
AROC	A	0.71%	0.14%	0.14%
ASB	B	0.5%	0.21%	0.21%
ASIX	B	0.11%	0.04%	0.04%
ASTE	C	0.1%	0.03%	0.03%
ATNI	F	0.06%	0.01%	0.01%
AUB	A	0.34%	0.07%	0.07%
AVA	C	0.45%	0.16%	0.16%
AVNT	A	0.46%	0.22%	0.22%
AWR	A	0.32%	0.06%	0.06%
AZZ	A	0.15%	0.1%	0.1%
BANF	B	0.27%	0.02%	0.02%
BANR	A	0.24%	0.12%	0.12%
BBSI	A	0.13%	0.03%	0.03%
BCO	F	0.25%	0.14%	0.14%
BDC	B	0.2%	0.17%	0.17%
BGC	B	0.17%	0.12%	0.12%
BGS	F	0.12%	0.03%	0.03%
BHE	B	0.22%	0.21%	0.21%
BHLB	B	0.11%	0.01%	0.01%
BKE	A	0.41%	0.1%	0.1%
BKH	A	0.59%	0.23%	0.23%
BKU	A	0.27%	0.29%	0.27%
BLMN	F	0.16%	0.07%	0.07%
BNL	D	0.61%	0.06%	0.06%
BOH	B	0.34%	0.14%	0.14%
BRC	C	0.29%	0.07%	0.07%
BRKL	B	0.14%	0.02%	0.02%
BRY	F	0.08%	0.02%	0.02%
BSIG	A	0.05%	0.07%	0.05%
BUSE	B	0.15%	0.06%	0.06%
CABO	C	0.19%	0.13%	0.13%
CAKE	B	0.3%	0.07%	0.07%
CAL	F	0.1%	0.06%	0.06%
CALM	A	0.16%	0.2%	0.16%
CASH	B	0.09%	0.07%	0.07%
CATY	A	0.51%	0.17%	0.17%
CBL	A	0.04%	0.03%	0.03%
CBRL	C	0.23%	0.15%	0.15%
CBU	B	0.35%	0.11%	0.11%
CCOI	B	0.66%	0.08%	0.08%
CCS	F	0.16%	0.19%	0.16%
CDP	C	0.32%	0.14%	0.14%
CFFN	B	0.12%	0.03%	0.03%
CHCO	B	0.2%	0.05%	0.05%
CLB	C	0.07%	0.02%	0.02%
CLDT	C	0.03%	0.02%	0.02%
CMCO	C	0.09%	0.05%	0.05%
CMP	B	0.06%	0.02%	0.02%
CNMD	C	0.09%	0.05%	0.05%
CNOB	B	0.07%	0.02%	0.02%
CNS	B	0.71%	0.08%	0.08%
CNXN	D	0.1%	0.09%	0.09%
CPF	A	0.09%	0.03%	0.03%
CPK	A	0.23%	0.07%	0.07%
CRAI	B	0.17%	0.03%	0.03%
CRC	A	0.45%	0.19%	0.19%
CRGY	A	0.2%	0.04%	0.04%
CRS	A	0.51%	0.25%	0.25%
CSGS	B	0.21%	0.09%	0.09%
CSR	B	0.05%	0.02%	0.02%
CSV	B	0.12%	0.02%	0.02%
CSWI	A	0.26%	0.08%	0.08%
CTRE	D	0.23%	0.03%	0.03%
CTS	B	0.1%	0.06%	0.06%
CUZ	B	0.36%	0.19%	0.19%
CVBF	A	0.33%	0.11%	0.11%
CVGW	C	0.07%	0.03%	0.03%
CVI	D	0.48%	0.06%	0.06%
CWH	C	0.12%	0.06%	0.06%
CWT	D	0.2%	0.07%	0.07%
CXT	D	0.19%	0.07%	0.07%
DBI	F	0.05%	0.02%	0.02%
DBRG	F	0.09%	0.18%	0.09%
DEA	D	0.06%	0.05%	0.05%
DEI	B	0.12%	0.22%	0.12%
DHC	F	0.02%	0.1%	0.02%
DHIL	A	0.05%	0.02%	0.02%
DIN	C	0.1%	0.01%	0.01%
DLX	A	0.25%	0.08%	0.08%
DNUT	D	0.1%	0.0%	0.0%
DRH	B	0.08%	0.12%	0.08%
EBC	A	0.32%	0.07%	0.07%
EBF	D	0.15%	0.02%	0.02%
EFSC	B	0.12%	0.06%	0.06%
EGBN	B	0.14%	0.03%	0.03%
EIG	A	0.12%	0.09%	0.09%
EMBC	C	0.12%	0.06%	0.06%
ENR	A	0.3%	0.1%	0.1%
ENS	D	0.22%	0.19%	0.19%
EPAC	B	0.11%	0.06%	0.06%
EPC	D	0.13%	0.11%	0.11%
EPR	D	0.73%	0.13%	0.13%
EPRT	C	0.58%	0.05%	0.05%
ESE	A	0.14%	0.09%	0.09%
ESRT	D	0.07%	0.09%	0.07%
ETD	D	0.16%	0.02%	0.02%
EVTC	C	0.08%	0.03%	0.03%
EXPI	C	0.08%	0.06%	0.06%
FBK	B	0.11%	0.01%	0.01%
FBNC	B	0.12%	0.05%	0.05%
FBP	B	0.5%	0.06%	0.06%
FCF	A	0.17%	0.07%	0.07%
FCPT	C	0.1%	0.04%	0.04%
FFBC	A	0.46%	0.11%	0.11%
FHB	B	0.46%	0.2%	0.2%
FIBK	A	0.65%	0.11%	0.11%
FRME	A	0.28%	0.09%	0.09%
FULT	A	0.37%	0.14%	0.14%
GBX	A	0.26%	0.2%	0.2%
GEF	A	0.26%	0.16%	0.16%
GES	F	0.18%	0.06%	0.06%
GFF	B	0.3%	0.1%	0.1%
GHC	B	0.17%	0.23%	0.17%
GIC	F	0.14%	0.0%	0.0%
GTN	F	0.07%	0.04%	0.04%
GTY	A	0.1%	0.02%	0.02%
GVA	A	0.23%	0.25%	0.23%
HAFC	A	0.08%	0.02%	0.02%
HAYN	A	0.1%	0.0%	0.0%
HCC	B	0.13%	0.27%	0.13%
HEES	B	0.21%	0.12%	0.12%
HFWA	B	0.09%	0.02%	0.02%
HI	C	0.17%	0.11%	0.11%
HL	D	0.14%	0.08%	0.08%
HLIO	B	0.11%	0.04%	0.04%
HMN	B	0.15%	0.07%	0.07%
HNI	B	0.29%	0.18%	0.18%
HOPE	B	0.22%	0.12%	0.12%
HP	C	0.33%	0.19%	0.19%
HRI	B	0.44%	0.28%	0.28%
HSII	B	0.15%	0.03%	0.03%
HTH	B	0.1%	0.11%	0.1%
HTLD	B	0.07%	0.05%	0.05%
HTLF	B	0.23%	0.1%	0.1%
HVT	D	0.08%	0.02%	0.02%
HWC	B	0.35%	0.21%	0.21%
HWKN	B	0.2%	0.07%	0.07%
HY	D	0.13%	0.0%	0.0%
IBOC	A	0.42%	0.11%	0.11%
IBTX	B	0.23%	0.09%	0.09%
ICFI	F	0.12%	0.09%	0.09%
IDCC	A	0.4%	0.13%	0.13%
IIIN	C	0.05%	0.01%	0.01%
IIPR	F	0.33%	0.0%	0.0%
IMKTA	C	0.06%	0.18%	0.06%
INDB	A	0.29%	0.09%	0.09%
IOSP	C	0.22%	0.13%	0.13%
IRT	A	0.19%	0.07%	0.07%
IVT	A	0.07%	0.04%	0.04%
JACK	C	0.09%	0.09%	0.09%
JBGS	F	0.07%	0.12%	0.07%
JBSS	F	0.15%	0.04%	0.04%
JBT	A	0.16%	0.12%	0.12%
JJSF	C	0.28%	0.07%	0.07%
JWN	C	0.57%	0.12%	0.12%
KAI	A	0.18%	0.08%	0.08%
KALU	C	0.26%	0.11%	0.11%
KELYA	F	0.06%	0.06%	0.06%
KFRC	D	0.14%	0.08%	0.08%
KFY	B	0.22%	0.21%	0.21%
KLG	D	0.3%	0.08%	0.08%
KLIC	C	0.16%	0.05%	0.05%
KMPR	A	0.28%	0.28%	0.28%
KMT	B	0.27%	0.18%	0.18%
KOP	C	0.06%	0.07%	0.06%
KRNY	B	0.06%	0.02%	0.02%
KTB	A	0.59%	0.15%	0.15%
KW	C	0.09%	0.08%	0.08%
KWR	C	0.14%	0.06%	0.06%
LBRT	F	0.22%	0.12%	0.12%
LCII	D	0.35%	0.19%	0.19%
LKFN	A	0.13%	0.04%	0.04%
LNN	B	0.1%	0.04%	0.04%
LTC	B	0.12%	0.04%	0.04%
LXP	D	0.15%	0.08%	0.08%
LZB	A	0.16%	0.15%	0.15%
MAC	A	0.2%	0.28%	0.2%
MATW	C	0.09%	0.02%	0.02%
MATX	B	0.29%	0.04%	0.04%
MC	B	0.6%	0.2%	0.2%
MCY	A	0.3%	0.14%	0.14%
MEI	F	0.04%	0.01%	0.01%
MGEE	A	0.44%	0.1%	0.1%
MGPI	F	0.05%	0.0%	0.0%
MGRC	B	0.2%	0.09%	0.09%
MLKN	F	0.18%	0.14%	0.14%
MMI	B	0.06%	0.06%	0.06%
MNRO	B	0.15%	0.03%	0.03%
MOV	C	0.06%	0.01%	0.01%
MRTN	C	0.1%	0.07%	0.07%
MSBI	B	0.06%	0.0%	0.0%
MTRN	C	0.1%	0.07%	0.07%
MTX	B	0.11%	0.15%	0.11%
MWA	B	0.3%	0.12%	0.12%
MYE	F	0.08%	0.01%	0.01%
NBHC	B	0.13%	0.01%	0.01%
NBTB	B	0.19%	0.07%	0.07%
NHC	B	0.29%	0.1%	0.1%
NHI	D	0.51%	0.09%	0.09%
NIC	B	0.07%	0.0%	0.0%
NMRK	A	0.09%	0.14%	0.09%
NNI	C	0.12%	0.06%	0.06%
NOG	A	0.53%	0.04%	0.04%
NPK	C	0.12%	0.02%	0.02%
NPO	A	0.18%	0.09%	0.09%
NSA	C	0.64%	0.06%	0.06%
NUS	C	0.07%	0.03%	0.03%
NWBI	A	0.33%	0.08%	0.08%
NWE	C	0.5%	0.17%	0.17%
NWN	A	0.26%	0.08%	0.08%
NX	C	0.08%	0.07%	0.07%
OCFC	A	0.16%	0.02%	0.02%
OFG	B	0.19%	0.04%	0.04%
OGS	A	0.56%	0.19%	0.19%
OTTR	C	0.35%	0.09%	0.09%
OXM	F	0.15%	0.06%	0.06%
PATK	C	0.38%	0.18%	0.18%
PBI	C	0.27%	0.09%	0.09%
PCH	D	0.13%	0.17%	0.13%
PDCO	D	0.25%	0.15%	0.15%
PEB	F	0.06%	0.07%	0.06%
PEBO	A	0.23%	0.0%	0.0%
PFBC	B	0.15%	0.0%	0.0%
PFC	A	0.13%	0.02%	0.02%
PFS	A	0.34%	0.1%	0.1%
PHIN	A	0.35%	0.17%	0.17%
PINC	B	0.36%	0.21%	0.21%
PIPR	A	0.24%	0.17%	0.17%
PJT	B	0.15%	0.07%	0.07%
PKST	F	0.02%	0.01%	0.01%
PLOW	D	0.11%	0.01%	0.01%
PNM	B	0.44%	0.2%	0.2%
PPBI	B	0.36%	0.11%	0.11%
PRDO	B	0.26%	0.09%	0.09%
PRGS	B	0.17%	0.06%	0.06%
PRIM	A	0.22%	0.12%	0.12%
PRK	B	0.27%	0.08%	0.08%
PSMT	D	0.16%	0.17%	0.16%
PTVE	C	0.25%	0.07%	0.07%
PZZA	D	0.16%	0.03%	0.03%
RDUS	C	0.08%	0.04%	0.04%
RES	F	0.12%	0.04%	0.04%
REVG	B	0.15%	0.08%	0.08%
RGP	F	0.06%	0.01%	0.01%
RGR	F	0.08%	0.03%	0.03%
RLJ	C	0.06%	0.12%	0.06%
RNST	B	0.15%	0.04%	0.04%
ROIC	A	0.08%	0.08%	0.08%
RRR	F	0.24%	0.08%	0.08%
RYI	C	0.1%	0.13%	0.1%
SAFT	B	0.13%	0.08%	0.08%
SAH	B	0.16%	0.14%	0.14%
SASR	A	0.24%	0.11%	0.11%
SBCF	B	0.17%	0.03%	0.03%
SBRA	C	0.61%	0.18%	0.18%
SBSI	B	0.12%	0.02%	0.02%
SCHL	F	0.08%	0.06%	0.06%
SCL	D	0.13%	0.13%	0.13%
SCS	B	0.21%	0.15%	0.15%
SCVL	F	0.14%	0.03%	0.03%
SEM	B	0.37%	0.22%	0.22%
SFBS	B	0.24%	0.04%	0.04%
SFNC	B	0.37%	0.16%	0.16%
SHEN	F	0.04%	0.02%	0.02%
SHO	D	0.08%	0.1%	0.08%
SHOO	D	0.35%	0.17%	0.17%
SHYF	C	0.09%	0.02%	0.02%
SJW	F	0.2%	0.05%	0.05%
SKT	A	0.23%	0.11%	0.11%
SLG	B	0.58%	0.15%	0.15%
SLVM	B	0.39%	0.25%	0.25%
SMG	D	0.55%	0.19%	0.19%
SMP	C	0.11%	0.03%	0.03%
SPB	C	0.28%	0.23%	0.23%
SR	A	0.51%	0.19%	0.19%
SRCE	B	0.15%	0.02%	0.02%
SSTK	F	0.11%	0.03%	0.03%
STBA	B	0.16%	0.06%	0.06%
STC	A	0.16%	0.19%	0.16%
STEP	B	0.3%	0.03%	0.03%
STRA	C	0.23%	0.09%	0.09%
SVC	F	0.04%	0.09%	0.04%
SWBI	D	0.1%	0.04%	0.04%
SXC	A	0.19%	0.05%	0.05%
SXI	A	0.16%	0.07%	0.07%
SXT	C	0.32%	0.14%	0.14%
TCBK	A	0.11%	0.02%	0.02%
TEX	D	0.18%	0.18%	0.18%
TILE	B	0.14%	0.07%	0.07%
TNC	F	0.14%	0.06%	0.06%
TNL	A	0.61%	0.15%	0.15%
TOWN	B	0.23%	0.08%	0.08%
TPG	A	0.64%	0.14%	0.14%
TRMK	B	0.21%	0.11%	0.11%
TRN	A	0.41%	0.2%	0.2%
TRS	D	0.07%	0.06%	0.06%
UCB	A	0.35%	0.1%	0.1%
UE	B	0.1%	0.1%	0.1%
UFCS	A	0.03%	0.02%	0.02%
UMBF	B	0.29%	0.17%	0.17%
UNF	B	0.12%	0.17%	0.12%
UPBD	C	0.28%	0.13%	0.13%
USPH	C	0.13%	0.01%	0.01%
UTL	D	0.19%	0.02%	0.02%
UVE	A	0.07%	0.03%	0.03%
UVV	B	0.31%	0.15%	0.15%
VBTX	B	0.15%	0.06%	0.06%
VCTR	B	0.6%	0.04%	0.04%
VIRT	A	0.42%	0.22%	0.22%
VRE	A	0.07%	0.05%	0.05%
VRTS	B	0.24%	0.05%	0.05%
VSEC	B	0.14%	0.03%	0.03%
VSH	F	0.14%	0.09%	0.09%
VSTS	F	0.08%	0.17%	0.08%
WABC	B	0.18%	0.02%	0.02%
WAFD	B	0.19%	0.16%	0.16%
WASH	B	0.11%	0.02%	0.02%
WD	D	0.24%	0.15%	0.15%
WDFC	B	0.28%	0.06%	0.06%
WGO	C	0.14%	0.17%	0.14%
WHD	B	0.28%	0.06%	0.06%
WMK	B	0.18%	0.18%	0.18%
WNC	C	0.08%	0.08%	0.08%
WOR	F	0.24%	0.08%	0.08%
WSBC	A	0.28%	0.11%	0.11%
WSFS	A	0.14%	0.1%	0.1%
WTI	F	0.05%	0.0%	0.0%
WTTR	A	0.22%	0.03%	0.03%
WWW	A	0.33%	0.12%	0.12%
XHR	B	0.07%	0.11%	0.07%
ZEUS	C	0.05%	0.02%	0.02%

DES Overweight 218 Positions Relative to FNDA

Symbol	Grade	Weight
OGN	F	1.03%
TFSL	B	0.87%
KNTK	A	0.71%
KSS	F	0.51%
TDS	B	0.42%
VAC	C	0.42%
RUSHA	B	0.39%
CRI	F	0.38%
TGNA	B	0.37%
LEG	F	0.36%
POWL	C	0.35%
SLM	A	0.35%
KRO	D	0.34%
XRX	F	0.28%
ABM	B	0.27%
GRNT	A	0.24%
AESI	B	0.23%
USLM	A	0.23%
CNO	A	0.23%
WINA	B	0.21%
WKC	D	0.19%
MCRI	A	0.19%
BANC	B	0.19%
ANET	C	0.19%
NGVC	B	0.18%
BTU	B	0.18%
BFH	B	0.17%
ULH	B	0.17%
YOU	D	0.17%
DK	D	0.16%
GABC	A	0.16%
NAVI	F	0.16%
LMAT	A	0.16%
TPB	A	0.16%
CTBI	A	0.16%
REPX	A	0.16%
MLR	C	0.15%
WERN	B	0.15%
EGY	F	0.14%
KRT	B	0.14%
VHI	D	0.14%
HCKT	B	0.14%
DAN	F	0.13%
PK	D	0.13%
MCS	B	0.13%
ATEN	A	0.13%
GRC	B	0.13%
MSEX	B	0.12%
JOE	F	0.12%
SYBT	B	0.12%
UTZ	D	0.12%
ALX	D	0.12%
ARCH	B	0.12%
RBCAA	B	0.12%
SPTN	F	0.11%
PAHC	B	0.11%
TR	A	0.11%
LYTS	A	0.11%
DCOM	A	0.11%
HTBK	A	0.1%
NSSC	F	0.1%
SPOK	B	0.1%
CDRE	F	0.1%
HBT	A	0.09%
WEYS	B	0.09%
RNGR	A	0.09%
THFF	B	0.09%
FCBC	B	0.09%
FISI	B	0.09%
MBWM	A	0.09%
NVEC	D	0.09%
FBMS	A	0.09%
LGTY	B	0.09%
LMNR	C	0.09%
HBNC	A	0.09%
EE	A	0.09%
BHRB	B	0.09%
RUSHB	B	0.08%
ITIC	A	0.08%
GCMG	B	0.08%
SD	D	0.08%
VLGEA	B	0.08%
TRAK	A	0.08%
METC	C	0.08%
MPX	C	0.08%
BELFB	C	0.08%
HSTM	B	0.08%
TRST	A	0.08%
MCBS	B	0.08%
UWMC	F	0.08%
HPK	C	0.08%
MSB	B	0.08%
LOB	A	0.08%
ODC	D	0.08%
PKOH	B	0.08%
YORW	D	0.08%
NATH	B	0.08%
PLPC	B	0.07%
SGC	C	0.07%
MLAB	F	0.07%
UMH	A	0.07%
IBCP	B	0.07%
IMMR	F	0.07%
GWRS	B	0.07%
MBIN	F	0.07%
PKE	B	0.07%
BY	B	0.07%
OFLX	C	0.06%
CCNE	B	0.06%
NRIM	A	0.06%
GNE	F	0.06%
FFIC	B	0.06%
NFBK	B	0.06%
ARTNA	F	0.06%
AMAL	B	0.06%
QCRH	B	0.06%
CAC	B	0.06%
NEWT	B	0.06%
CTO	B	0.05%
OBK	B	0.05%
SMBK	B	0.05%
EML	F	0.05%
FLIC	A	0.05%
ESCA	C	0.05%
NRC	F	0.05%
ALRS	D	0.05%
BFS	C	0.05%
BFC	B	0.05%
PGC	A	0.05%
BSRR	B	0.05%
EPM	A	0.05%
SLP	F	0.05%
RGCO	C	0.05%
JOUT	F	0.05%
FF	F	0.05%
ALTG	C	0.05%
EVC	C	0.05%
UTMD	D	0.05%
FMBH	A	0.05%
HBB	F	0.05%
LAKE	B	0.04%
CIVB	B	0.04%
CASS	B	0.04%
TIPT	A	0.04%
RCKY	F	0.04%
OPY	B	0.04%
NBN	B	0.04%
CLAR	D	0.04%
HOFT	C	0.04%
GSBC	B	0.04%
ARC	A	0.04%
TWIN	D	0.04%
RM	D	0.04%
DGICA	B	0.04%
AMTB	B	0.04%
SMBC	B	0.04%
SHBI	A	0.04%
SAVE	F	0.04%
FMNB	B	0.04%
RELL	B	0.04%
HURC	C	0.04%
ORRF	B	0.04%
OSBC	A	0.04%
WSR	A	0.04%
BSVN	A	0.04%
FSBC	B	0.04%
HCI	C	0.04%
HQI	B	0.04%
NTST	D	0.04%
EQBK	A	0.04%
NC	C	0.04%
RICK	C	0.04%
ALCO	F	0.04%
CHCT	C	0.03%
NECB	B	0.03%
FSBW	B	0.03%
PSTL	D	0.03%
CSPI	C	0.03%
CZNC	B	0.03%
BSET	B	0.03%
SPFI	B	0.03%
ACU	C	0.03%
BHB	B	0.03%
GNTY	A	0.03%
AROW	B	0.03%
AHH	D	0.03%
BRT	A	0.03%
OLP	B	0.03%
TSQ	D	0.03%
HONE	B	0.03%
GMRE	F	0.03%
PHX	A	0.03%
LCUT	F	0.03%
PLYM	F	0.03%
BMRC	A	0.03%
WTBA	B	0.03%
FRST	B	0.03%
UNTY	A	0.02%
RRBI	A	0.02%
SSBK	A	0.02%
SGA	F	0.02%
CBNK	B	0.02%
III	C	0.02%
RMR	F	0.02%
VOC	C	0.02%
LAND	F	0.02%
FBIZ	B	0.02%
FRBA	C	0.02%
ISTR	A	0.02%
FPI	A	0.02%
CATO	C	0.02%
FDBC	B	0.01%
INBK	A	0.01%
MBCN	C	0.01%
OBT	B	0.01%
PLBC	A	0.01%
PINE	D	0.01%
FNWB	C	0.0%

DES Underweight 647 Positions Relative to FNDA

Symbol	Grade	Weight
RCL	A	-0.45%
GEO	A	-0.42%
UAL	A	-0.42%
SATS	D	-0.38%
FICO	A	-0.36%
COIN	A	-0.34%
ANF	C	-0.34%
UTHR	C	-0.32%
SF	A	-0.31%
GME	C	-0.31%
APP	A	-0.3%
XPO	B	-0.3%
VSCO	A	-0.29%
FLS	A	-0.29%
AIT	A	-0.28%
WAL	B	-0.28%
CXW	B	-0.28%
TXRH	B	-0.28%
WBS	A	-0.26%
OHI	C	-0.26%
SWX	A	-0.26%
CLH	C	-0.26%
BWXT	B	-0.26%
UAA	B	-0.25%
WWD	B	-0.25%
FIX	A	-0.25%
LITE	B	-0.25%
PRG	A	-0.25%
Z	A	-0.25%
MHO	D	-0.25%
VMI	B	-0.25%
PNFP	A	-0.24%
VRT	A	-0.24%
SKYW	B	-0.24%
DY	C	-0.24%
PLXS	B	-0.24%
SAIA	C	-0.24%
HEI	A	-0.24%
RDN	D	-0.24%
FRT	C	-0.23%
INCY	B	-0.23%
CFR	B	-0.23%
FDP	A	-0.23%
VLTO	D	-0.23%
WTFC	A	-0.23%
AWI	B	-0.23%
PB	A	-0.23%
SIG	C	-0.23%
LOPE	B	-0.23%
FNB	A	-0.23%
DTM	A	-0.23%
WH	B	-0.23%
ESI	B	-0.22%
KRC	C	-0.22%
SPOT	B	-0.22%
CBT	C	-0.22%
CWK	B	-0.22%
CR	B	-0.22%
COOP	B	-0.22%
MOG.A	B	-0.22%
ZM	B	-0.22%
GATX	A	-0.22%
CADE	B	-0.22%
TTMI	B	-0.22%
HIW	D	-0.21%
CRUS	F	-0.21%
FDS	A	-0.21%
ELAN	D	-0.21%
TPC	B	-0.21%
RXO	C	-0.21%
CBSH	A	-0.21%
GMS	B	-0.21%
IDA	A	-0.21%
BYD	B	-0.21%
TTEK	F	-0.2%
KEX	A	-0.2%
SBH	A	-0.2%
EXEL	B	-0.2%
SCCO	F	-0.2%
OZK	A	-0.2%
VLY	A	-0.2%
ELS	B	-0.2%
UNIT	B	-0.2%
JBLU	D	-0.19%
TWLO	A	-0.19%
BIO	D	-0.19%
ATGE	B	-0.19%
FCN	F	-0.19%
EAT	A	-0.19%
DASH	A	-0.19%
NVST	C	-0.19%
ADTN	A	-0.19%
ENVA	B	-0.19%
AGNC	C	-0.19%
UBSI	A	-0.19%
COLB	B	-0.19%
MAT	D	-0.19%
KNF	B	-0.19%
HLI	B	-0.19%
WYNN	D	-0.18%
NYT	D	-0.18%
CUBE	C	-0.18%
AMH	C	-0.18%
RPRX	F	-0.18%
TPL	A	-0.18%
COLM	B	-0.18%
GIII	C	-0.18%
ACIW	B	-0.18%
URBN	C	-0.18%
VNT	C	-0.17%
HXL	F	-0.17%
SSD	D	-0.17%
APLE	B	-0.17%
LAUR	A	-0.17%
VVV	B	-0.17%
NOW	A	-0.17%
SUM	B	-0.17%
ONB	B	-0.17%
WTM	A	-0.17%
MTDR	B	-0.17%
AMKR	F	-0.17%
FUL	F	-0.17%
NJR	A	-0.17%
GBCI	A	-0.17%
SPR	D	-0.17%
ESAB	B	-0.17%
CSGP	F	-0.17%
ASH	F	-0.17%
SN	D	-0.17%
EEFT	C	-0.17%
LFUS	D	-0.17%
CNX	A	-0.17%
PTEN	C	-0.16%
RH	C	-0.16%
EBS	C	-0.16%
PLTR	A	-0.16%
SKY	A	-0.16%
COLD	F	-0.16%
SIGI	B	-0.16%
VEEV	C	-0.16%
OLLI	D	-0.16%
APO	A	-0.16%
ZD	B	-0.16%
OUT	A	-0.16%
GTES	A	-0.16%
MASI	B	-0.16%
VYX	C	-0.16%
LNW	F	-0.16%
AGO	A	-0.16%
ENTG	F	-0.16%
B	A	-0.16%
PFSI	D	-0.16%
DNOW	B	-0.15%
CHDN	C	-0.15%
AGR	A	-0.15%
TCBI	A	-0.15%
GMED	A	-0.15%
FWRD	D	-0.15%
ROL	A	-0.15%
ARES	B	-0.15%
NOMD	D	-0.15%
CEIX	A	-0.15%
MOD	C	-0.15%
APAM	A	-0.15%
LGIH	F	-0.15%
MTCH	F	-0.15%
NNN	C	-0.15%
ESNT	D	-0.15%
SITE	D	-0.15%
RYN	D	-0.14%
RRC	B	-0.14%
ICUI	D	-0.14%
EXLS	B	-0.14%
ENSG	D	-0.14%
AMWD	B	-0.14%
SNDR	B	-0.14%
VSTO	A	-0.14%
JAZZ	B	-0.14%
TDC	F	-0.14%
WTS	A	-0.14%
KAR	A	-0.14%
OMI	F	-0.14%
APG	C	-0.14%
TYL	B	-0.14%
H	B	-0.14%
MKTX	D	-0.14%
SLGN	A	-0.14%
BXMT	D	-0.14%
CNK	A	-0.14%
CVLT	B	-0.14%
SLAB	F	-0.14%
CACC	D	-0.14%
PPC	B	-0.14%
YELP	C	-0.14%
NEU	D	-0.14%
CROX	F	-0.14%
CVCO	B	-0.14%
HE	D	-0.14%
CGNX	D	-0.14%
ABNB	C	-0.13%
WMS	F	-0.13%
DNB	B	-0.13%
RNR	D	-0.13%
WEX	F	-0.13%
HELE	C	-0.13%
DORM	B	-0.13%
FND	F	-0.13%
HRB	D	-0.13%
ATKR	C	-0.13%
RGLD	A	-0.13%
SMTC	C	-0.13%
THS	F	-0.13%
IGT	F	-0.13%
DLB	D	-0.13%
RLI	A	-0.13%
PLNT	A	-0.13%
FTI	A	-0.13%
COKE	D	-0.13%
DBX	C	-0.13%
AMR	C	-0.13%
WEN	C	-0.13%
ITRI	B	-0.13%
FSLR	F	-0.12%
CNM	C	-0.12%
ETSY	D	-0.12%
CHX	C	-0.12%
COMP	B	-0.12%
IAC	F	-0.12%
CHRD	D	-0.12%
AXS	A	-0.12%
HGV	C	-0.12%
WTRG	B	-0.12%
ECPG	B	-0.12%
PTC	B	-0.12%
VRSN	F	-0.12%
JELD	F	-0.12%
IPGP	D	-0.12%
AMED	F	-0.12%
TROX	F	-0.12%
MSM	D	-0.12%
TREX	C	-0.12%
LRN	A	-0.12%
ITGR	B	-0.12%
AIR	B	-0.12%
RIG	D	-0.12%
FELE	B	-0.12%
WDAY	C	-0.12%
FR	D	-0.11%
TECH	F	-0.11%
ENOV	C	-0.11%
PSN	C	-0.11%
STAG	D	-0.11%
CPNG	D	-0.11%
STRL	B	-0.11%
AX	A	-0.11%
FN	C	-0.11%
VIAV	B	-0.11%
PLUS	F	-0.11%
MPWR	F	-0.11%
CIVI	C	-0.11%
MORN	B	-0.11%
HPP	F	-0.11%
BOKF	A	-0.11%
DIOD	F	-0.11%
PECO	A	-0.11%
CRL	D	-0.11%
DDS	B	-0.11%
MANH	D	-0.11%
FSS	B	-0.11%
HLF	C	-0.11%
BFAM	F	-0.11%
PBH	A	-0.11%
MMS	D	-0.11%
BLD	F	-0.11%
CHE	D	-0.11%
FHI	A	-0.11%
TNET	F	-0.11%
MYRG	C	-0.11%
IBKR	A	-0.11%
NGVT	B	-0.11%
AM	A	-0.1%
BOOT	C	-0.1%
ABR	B	-0.1%
SIRI	D	-0.1%
WSC	F	-0.1%
AEO	F	-0.1%
ACHC	F	-0.1%
FIVE	F	-0.1%
CORT	C	-0.1%
HAE	B	-0.1%
COMM	D	-0.1%
NTCT	B	-0.1%
LANC	D	-0.1%
HOMB	A	-0.1%
PAYC	B	-0.1%
KRG	B	-0.1%
SAM	C	-0.1%
SSB	B	-0.1%
BXC	B	-0.1%
CHH	A	-0.09%
LBRDK	C	-0.09%
PDM	D	-0.09%
AAON	B	-0.09%
FTDR	B	-0.09%
CENTA	C	-0.09%
PINS	F	-0.09%
RNG	C	-0.09%
CWEN	C	-0.09%
RAMP	C	-0.09%
RBC	A	-0.09%
ROCK	C	-0.09%
FFIN	A	-0.09%
MMSI	A	-0.09%
MGY	A	-0.09%
DXCM	C	-0.09%
SCSC	B	-0.09%
RHP	B	-0.09%
OSIS	A	-0.09%
TW	A	-0.09%
IBP	F	-0.09%
VC	F	-0.09%
BCPC	A	-0.09%
ROKU	C	-0.09%
ORA	B	-0.09%
BRKR	F	-0.09%
MSA	D	-0.09%
OMCL	C	-0.08%
YETI	F	-0.08%
UCTT	F	-0.08%
DOLE	D	-0.08%
CARG	A	-0.08%
GOLF	B	-0.08%
MD	B	-0.08%
ATI	D	-0.08%
ARI	C	-0.08%
IRDM	D	-0.08%
OII	B	-0.08%
TTD	B	-0.08%
ALGT	B	-0.08%
PTON	C	-0.08%
EGP	D	-0.08%
PMT	D	-0.08%
KOS	D	-0.08%
BMRN	F	-0.08%
SYNA	D	-0.08%
GO	C	-0.08%
LILAK	F	-0.08%
TALO	C	-0.08%
CBZ	B	-0.08%
POWI	D	-0.08%
OPCH	F	-0.08%
AZEK	B	-0.08%
ALIT	C	-0.08%
CNA	C	-0.07%
HHH	B	-0.07%
BMI	C	-0.07%
CUBI	B	-0.07%
QLYS	C	-0.07%
SMCI	F	-0.07%
SABR	B	-0.07%
ONTO	F	-0.07%
HLX	C	-0.07%
EXPO	D	-0.07%
NMIH	D	-0.07%
HQY	A	-0.07%
EYE	C	-0.07%
GWRE	A	-0.07%
OLED	F	-0.07%
CRK	A	-0.07%
ROG	D	-0.07%
IART	C	-0.07%
OPEN	F	-0.07%
PR	B	-0.07%
ADC	A	-0.07%
REXR	F	-0.07%
LYFT	B	-0.07%
ZWS	B	-0.07%
NSP	F	-0.07%
BDN	D	-0.07%
PLAB	D	-0.07%
MRCY	B	-0.07%
THRM	F	-0.07%
GNL	D	-0.07%
AMN	F	-0.07%
CDE	C	-0.07%
KN	B	-0.07%
LADR	B	-0.07%
ROAD	B	-0.07%
COTY	F	-0.06%
AXL	C	-0.06%
SMPL	B	-0.06%
GPRE	F	-0.06%
ENV	B	-0.06%
CWST	A	-0.06%
HCSG	B	-0.06%
GTLS	A	-0.06%
TOST	A	-0.06%
NTGR	A	-0.06%
ECVT	C	-0.06%
TDOC	C	-0.06%
BLKB	C	-0.06%
SEB	F	-0.06%
GCI	D	-0.06%
KTOS	C	-0.06%
GFS	C	-0.06%
REYN	D	-0.06%
MEDP	D	-0.06%
BSY	F	-0.06%
FORM	F	-0.06%
OEC	C	-0.06%
TRIP	D	-0.06%
HURN	B	-0.06%
SONO	C	-0.06%
DFIN	D	-0.06%
PGRE	D	-0.06%
ATSG	A	-0.06%
ELME	D	-0.06%
LGF.A	F	-0.06%
PLAY	C	-0.06%
HALO	D	-0.06%
BKD	F	-0.06%
ERIE	F	-0.06%
EAF	B	-0.06%
NBIX	D	-0.06%
UIS	B	-0.05%
LIVN	C	-0.05%
CNDT	C	-0.05%
AAL	B	-0.05%
TRNO	D	-0.05%
AY	A	-0.05%
NTB	B	-0.05%
HAYW	A	-0.05%
CODI	A	-0.05%
VRRM	F	-0.05%
NOVT	D	-0.05%
VSAT	F	-0.05%
MRC	B	-0.05%
ICHR	C	-0.05%
FOXF	F	-0.05%
ALK	A	-0.05%
PODD	A	-0.05%
SNBR	F	-0.05%
BRBR	A	-0.05%
CCO	D	-0.05%
CHEF	C	-0.05%
PSTG	F	-0.05%
ADUS	D	-0.05%
SUPN	B	-0.05%
MELI	D	-0.05%
BV	C	-0.05%
ESGR	B	-0.05%
MODG	F	-0.05%
AMCX	C	-0.05%
SENEA	A	-0.04%
ALRM	C	-0.04%
IPAR	C	-0.04%
CARS	B	-0.04%
NVEE	F	-0.04%
PRA	B	-0.04%
CNSL	B	-0.04%
INSW	F	-0.04%
ENPH	F	-0.04%
FBRT	C	-0.04%
PUMP	C	-0.04%
RDNT	B	-0.04%
IHRT	C	-0.04%
CPS	C	-0.04%
GLOB	C	-0.04%
WFRD	F	-0.04%
SFL	D	-0.04%
GLNG	C	-0.04%
ZUMZ	D	-0.04%
GCO	B	-0.04%
CSTM	D	-0.04%
DHT	D	-0.04%
INVA	C	-0.04%
EXAS	F	-0.04%
RGEN	F	-0.04%
AGRO	A	-0.04%
PEN	B	-0.04%
CMPR	F	-0.04%
VTLE	C	-0.04%
DXPE	A	-0.04%
PARR	D	-0.04%
ZI	D	-0.04%
SNAP	D	-0.04%
PRAA	C	-0.04%
WING	F	-0.04%
HAIN	F	-0.04%
NBR	D	-0.04%
LSCC	D	-0.04%
W	D	-0.04%
HZO	F	-0.04%
BZH	C	-0.04%
NEOG	D	-0.04%
AZTA	F	-0.04%
CNXC	F	-0.04%
GRBK	D	-0.04%
COHU	D	-0.04%
CMRE	B	-0.03%
ASTH	F	-0.03%
KNSL	B	-0.03%
DAC	B	-0.03%
USNA	C	-0.03%
XP	F	-0.03%
WRLD	D	-0.03%
MYGN	F	-0.03%
RWT	D	-0.03%
PAGS	F	-0.03%
CNNE	B	-0.03%
ZIMV	F	-0.03%
THRY	F	-0.03%
GDEN	B	-0.03%
VIR	F	-0.03%
HMST	F	-0.03%
TKO	C	-0.03%
PRLB	B	-0.03%
ILPT	D	-0.03%
PEGA	B	-0.03%
SBLK	D	-0.03%
MXL	D	-0.03%
RMBS	C	-0.03%
DT	C	-0.03%
PRVA	B	-0.03%
MP	B	-0.03%
GLDD	B	-0.03%
RKT	F	-0.03%
RC	D	-0.03%
STNG	F	-0.03%
AMC	F	-0.03%
VAL	F	-0.03%
LEVI	F	-0.03%
VRNT	D	-0.03%
MATV	F	-0.03%
CMTG	D	-0.03%
TSE	F	-0.03%
SGRY	F	-0.03%
USM	B	-0.03%
SPSC	F	-0.03%
TRTX	B	-0.03%
ACLS	F	-0.03%
SNOW	C	-0.03%
LYV	A	-0.03%
NVRI	F	-0.03%
LPG	F	-0.03%
PLCE	C	-0.02%
CTRN	F	-0.02%
HASI	F	-0.02%
FIZZ	B	-0.02%
CLOV	D	-0.02%
AMBC	C	-0.02%
CLVT	F	-0.02%
ALTO	F	-0.02%
IRWD	D	-0.02%
BRSP	B	-0.02%
RYAM	B	-0.02%
CCSI	B	-0.02%
DAY	B	-0.02%
ARCO	D	-0.02%
RUN	F	-0.02%
TEN	F	-0.02%
AVNS	F	-0.02%
OPK	A	-0.02%
GNK	C	-0.02%
WOW	C	-0.02%
KREF	D	-0.02%
EDR	A	-0.02%
ALKS	C	-0.02%
AVO	B	-0.02%
MTW	C	-0.02%
MERC	F	-0.02%
XPRO	F	-0.02%
CALX	F	-0.02%
TMP	A	-0.02%
BJRI	B	-0.02%
STNE	F	-0.02%
WMG	B	-0.02%
EVRI	A	-0.02%
DCO	B	-0.02%
AHCO	F	-0.02%
TBI	F	-0.02%
CLW	F	-0.02%
WOOF	D	-0.02%
MTUS	F	-0.02%
GDOT	D	-0.02%
OKTA	D	-0.02%
SFIX	C	-0.02%
VTOL	B	-0.01%
RILY	F	-0.01%
SNEX	A	-0.01%
LESL	C	-0.01%
LGND	C	-0.01%
GPRO	F	-0.01%
MBUU	C	-0.01%
KE	C	-0.01%
HLNE	B	-0.01%
AVD	C	-0.01%
JRVR	F	-0.01%
PRM	C	-0.01%
GSL	F	-0.01%
SSP	F	-0.01%
SRI	F	-0.01%
MODV	D	-0.01%
NU	C	-0.01%
CRMT	F	-0.01%
BMBL	C	-0.01%
PETS	C	-0.01%
CENT	C	-0.01%
MED	F	-0.01%
CCRN	F	-0.01%
FLGT	F	-0.01%
GPMT	C	-0.01%
TPIC	F	-0.01%
OPI	F	-0.01%
IRBT	F	-0.01%
DENN	C	-0.01%
SSYS	C	-0.01%
AGL	F	-0.01%
VREX	C	-0.01%
WOLF	F	-0.01%
TITN	C	-0.01%
OIS	B	-0.01%
FLWS	D	-0.01%
CHGG	D	-0.0%
EVH	F	-0.0%
PCRX	C	-0.0%
ALGM	F	-0.0%
TWI	F	-0.0%
SEG	B	-0.0%
GSM	C	-0.0%
CRNC	F	-0.0%
AMPH	F	-0.0%
SPWH	F	-0.0%
ONEW	F	-0.0%
THR	B	-0.0%
INMD	C	-0.0%
TTEC	F	-0.0%
AMRC	F	-0.0%
CMTL	F	-0.0%
HOV	F	-0.0%
REX	C	-0.0%
SEDG	F	-0.0%
LXU	C	-0.0%
TBBK	A	-0.0%
AOSL	D	-0.0%
NR	C	-0.0%
CRVL	A	-0.0%