FNDA vs. DES ETF Comparison

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

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

$58.55

Average Daily Volume

275,352

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

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

$33.89

Average Daily Volume

143,326

Number of Holdings ^*

565

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	DES
30 Days	2.36%	2.52%
60 Days	0.41%	0.77%
90 Days	7.32%	10.96%
12 Months	18.88%	20.82%

350 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in DES	Overlap
AAN	C	0.06%	0.08%	0.06%
AAT	B	0.07%	0.08%	0.07%
ABCB	B	0.12%	0.18%	0.12%
ACA	C	0.17%	0.19%	0.17%
ACCO	C	0.07%	0.14%	0.07%
AEIS	D	0.1%	0.16%	0.1%
AGM	D	0.02%	0.17%	0.02%
AGX	B	0.06%	0.19%	0.06%
AIN	F	0.1%	0.15%	0.1%
AKR	B	0.09%	0.1%	0.09%
ALE	B	0.18%	0.78%	0.18%
ALEX	B	0.1%	0.08%	0.08%
ALG	D	0.07%	0.1%	0.07%
AMRK	C	0.13%	0.05%	0.05%
AMSF	C	0.01%	0.27%	0.01%
ANDE	D	0.06%	0.11%	0.06%
APOG	C	0.12%	0.21%	0.12%
ARCB	D	0.17%	0.11%	0.11%
ARKO	D	0.02%	0.07%	0.02%
AROC	D	0.13%	0.63%	0.13%
ASB	D	0.18%	0.42%	0.18%
ASIX	C	0.05%	0.11%	0.05%
ASTE	F	0.05%	0.09%	0.05%
ATNI	C	0.02%	0.09%	0.02%
AUB	C	0.05%	0.32%	0.05%
AVA	B	0.17%	0.51%	0.17%
AVNT	B	0.22%	0.45%	0.22%
AWR	B	0.06%	0.33%	0.06%
AZZ	D	0.11%	0.15%	0.11%
BANF	B	0.03%	0.25%	0.03%
BANR	B	0.11%	0.19%	0.11%
BBSI	B	0.04%	0.12%	0.04%
BCO	B	0.18%	0.3%	0.18%
BDC	B	0.15%	0.18%	0.15%
BGC	B	0.13%	0.16%	0.13%
BGS	D	0.08%	0.18%	0.08%
BHE	C	0.22%	0.21%	0.21%
BHLB	C	0.01%	0.1%	0.01%
BKE	B	0.09%	0.39%	0.09%
BKH	A	0.24%	0.61%	0.24%
BKU	C	0.28%	0.26%	0.26%
BLMN	F	0.07%	0.21%	0.07%
BNL	A	0.06%	0.72%	0.06%
BOH	C	0.13%	0.3%	0.13%
BRC	B	0.04%	0.31%	0.04%
BRKL	C	0.03%	0.12%	0.03%
BRY	F	0.03%	0.12%	0.03%
BSIG	C	0.09%	0.04%	0.04%
BUSE	C	0.06%	0.15%	0.06%
CABO	F	0.1%	0.16%	0.1%
CACC	F	0.15%	0.21%	0.15%
CACC	F	0.08%	0.21%	0.08%
CAKE	D	0.06%	0.25%	0.06%
CAL	F	0.08%	0.1%	0.08%
CALM	B	0.16%	0.13%	0.13%
CASH	B	0.06%	0.08%	0.06%
CATY	C	0.15%	0.45%	0.15%
CBL	C	0.05%	0.04%	0.04%
CBRL	F	0.09%	0.19%	0.09%
CBU	C	0.1%	0.32%	0.1%
CCOI	C	0.08%	0.67%	0.08%
CCS	B	0.22%	0.2%	0.2%
CFFN	D	0.04%	0.11%	0.04%
CHCO	B	0.05%	0.19%	0.05%
CLB	D	0.03%	0.06%	0.03%
CLDT	D	0.02%	0.03%	0.02%
CMCO	F	0.04%	0.08%	0.04%
CMP	F	0.02%	0.05%	0.02%
CNMD	D	0.05%	0.1%	0.05%
CNOB	B	0.03%	0.07%	0.03%
CNS	A	0.08%	0.7%	0.08%
CNXN	B	0.09%	0.1%	0.09%
CPF	B	0.04%	0.08%	0.04%
CPK	A	0.07%	0.24%	0.07%
CRAI	C	0.04%	0.16%	0.04%
CRC	C	0.16%	0.42%	0.16%
CRGY	F	0.03%	0.17%	0.03%
CRS	B	0.25%	0.44%	0.25%
CSGS	C	0.07%	0.19%	0.07%
CSR	C	0.03%	0.06%	0.03%
CSV	C	0.03%	0.11%	0.03%
CSWI	B	0.07%	0.22%	0.07%
CTRE	A	0.02%	0.25%	0.02%
CTS	D	0.05%	0.08%	0.05%
CUZ	B	0.2%	0.37%	0.2%
CVBF	C	0.09%	0.28%	0.09%
CVGW	B	0.05%	0.09%	0.05%
CVI	F	0.06%	0.6%	0.06%
CWH	C	0.05%	0.13%	0.05%
CWT	A	0.08%	0.24%	0.08%
DBI	F	0.03%	0.05%	0.03%
DBRG	D	0.21%	0.11%	0.11%
DEA	B	0.06%	0.07%	0.06%
DEI	A	0.21%	0.11%	0.11%
DHC	C	0.23%	0.03%	0.03%
DHIL	C	0.03%	0.05%	0.03%
DIN	F	0.02%	0.09%	0.02%
DLX	D	0.1%	0.21%	0.1%
DNUT	D	0.01%	0.12%	0.01%
DRH	C	0.12%	0.07%	0.07%
EBC	B	0.06%	0.3%	0.06%
EBF	B	0.04%	0.17%	0.04%
EFSC	C	0.06%	0.11%	0.06%
EGBN	C	0.04%	0.11%	0.04%
EIG	B	0.09%	0.12%	0.09%
EMBC	C	0.1%	0.13%	0.1%
ENR	D	0.09%	0.29%	0.09%
ENS	D	0.2%	0.24%	0.2%
EPAC	B	0.05%	0.1%	0.05%
EPC	F	0.12%	0.15%	0.12%
EPR	B	0.15%	0.84%	0.15%
EPRT	A	0.05%	0.63%	0.05%
ESE	C	0.08%	0.13%	0.08%
ESRT	B	0.1%	0.07%	0.07%
ETH	F	0.04%	0.18%	0.04%
EVTC	D	0.04%	0.09%	0.04%
EXPI	C	0.05%	0.09%	0.05%
FBK	B	0.01%	0.1%	0.01%
FBNC	C	0.05%	0.11%	0.05%
FBP	D	0.09%	0.52%	0.09%
FCF	C	0.07%	0.16%	0.07%
FCPT	A	0.05%	0.12%	0.05%
FFBC	C	0.11%	0.43%	0.11%
FHB	C	0.19%	0.42%	0.19%
FIBK	C	0.1%	0.62%	0.1%
FRME	D	0.08%	0.25%	0.08%
FULT	D	0.13%	0.34%	0.13%
GBX	C	0.16%	0.2%	0.16%
GEF	D	0.13%	0.24%	0.13%
GES	F	0.07%	0.21%	0.07%
GFF	C	0.09%	0.26%	0.09%
GHC	C	0.2%	0.15%	0.15%
GIC	D	0.0%	0.17%	0.0%
GTN	F	0.06%	0.07%	0.06%
GTY	A	0.02%	0.12%	0.02%
GVA	B	0.22%	0.19%	0.19%
HAFC	C	0.03%	0.06%	0.03%
HAYN	D	0.01%	0.11%	0.01%
HCC	D	0.25%	0.12%	0.12%
HEES	D	0.09%	0.16%	0.09%
HFWA	C	0.03%	0.09%	0.03%
HI	F	0.08%	0.16%	0.08%
HL	B	0.09%	0.18%	0.09%
HLIO	D	0.02%	0.09%	0.02%
HMN	C	0.06%	0.13%	0.06%
HNI	C	0.19%	0.29%	0.19%
HOPE	C	0.11%	0.22%	0.11%
HP	F	0.19%	0.31%	0.19%
HRI	D	0.17%	0.3%	0.17%
HSII	C	0.03%	0.12%	0.03%
HTH	C	0.11%	0.1%	0.1%
HTLD	D	0.05%	0.07%	0.05%
HTLF	B	0.1%	0.21%	0.1%
HVT	D	0.04%	0.11%	0.04%
HWC	D	0.19%	0.31%	0.19%
HWKN	C	0.08%	0.21%	0.08%
HY	D	0.0%	0.15%	0.0%
IBOC	C	0.1%	0.4%	0.1%
IBTX	B	0.09%	0.22%	0.09%
ICFI	B	0.1%	0.14%	0.1%
IDCC	B	0.12%	0.31%	0.12%
IIIN	D	0.01%	0.05%	0.01%
IIPR	A	0.01%	0.44%	0.01%
IMKTA	D	0.18%	0.07%	0.07%
INDB	C	0.08%	0.26%	0.08%
IOSP	D	0.11%	0.21%	0.11%
IRT	A	0.07%	0.21%	0.07%
IVT	B	0.03%	0.08%	0.03%
JACK	F	0.09%	0.09%	0.09%
JBGS	B	0.15%	0.08%	0.08%
JBSS	F	0.05%	0.19%	0.05%
JBT	D	0.09%	0.13%	0.09%
JJSF	D	0.08%	0.29%	0.08%
JWN	C	0.07%	0.61%	0.07%
KAI	C	0.07%	0.16%	0.07%
KALU	D	0.1%	0.23%	0.1%
KELYA	D	0.14%	0.09%	0.09%
KFRC	F	0.08%	0.16%	0.08%
KFY	B	0.21%	0.22%	0.21%
KLG	C	0.08%	0.36%	0.08%
KLIC	D	0.07%	0.15%	0.07%
KMPR	D	0.28%	0.26%	0.26%
KMT	B	0.16%	0.25%	0.16%
KOP	F	0.06%	0.06%	0.06%
KRNY	D	0.02%	0.05%	0.02%
KTB	A	0.14%	0.52%	0.14%
KW	C	0.08%	0.1%	0.08%
KWR	D	0.06%	0.14%	0.06%
LBRT	D	0.13%	0.27%	0.13%
LCII	C	0.18%	0.38%	0.18%
LKFN	C	0.04%	0.12%	0.04%
LNN	C	0.04%	0.1%	0.04%
LTC	B	0.05%	0.13%	0.05%
LXP	B	0.1%	0.18%	0.1%
LZB	C	0.16%	0.17%	0.16%
MAC	B	0.26%	0.19%	0.19%
MATW	F	0.04%	0.1%	0.04%
MATX	C	0.06%	0.25%	0.06%
MC	B	0.18%	0.56%	0.18%
MCY	C	0.14%	0.26%	0.14%
MEI	F	0.02%	0.04%	0.02%
MGEE	A	0.09%	0.39%	0.09%
MGPI	C	0.01%	0.09%	0.01%
MGRC	F	0.08%	0.2%	0.08%
MLKN	D	0.17%	0.22%	0.17%
MMI	C	0.06%	0.06%	0.06%
MNRO	D	0.05%	0.14%	0.05%
MOV	F	0.02%	0.07%	0.02%
MRTN	D	0.07%	0.1%	0.07%
MSBI	D	0.0%	0.05%	0.0%
MTRN	F	0.07%	0.1%	0.07%
MTX	F	0.14%	0.11%	0.11%
MWA	C	0.11%	0.26%	0.11%
MYE	F	0.02%	0.11%	0.02%
NBHC	D	0.01%	0.12%	0.01%
NBTB	D	0.07%	0.19%	0.07%
NHC	D	0.11%	0.3%	0.11%
NHI	B	0.11%	0.61%	0.11%
NIC	C	0.01%	0.06%	0.01%
NMRK	B	0.15%	0.1%	0.1%
NNI	B	0.07%	0.13%	0.07%
NOG	F	0.03%	0.49%	0.03%
NPK	C	0.02%	0.13%	0.02%
NPO	D	0.09%	0.19%	0.09%
NSA	A	0.08%	0.78%	0.08%
NUS	F	0.06%	0.09%	0.06%
NWBI	C	0.08%	0.33%	0.08%
NWE	A	0.18%	0.54%	0.18%
NWN	B	0.08%	0.27%	0.08%
NX	D	0.06%	0.07%	0.06%
OCFC	B	0.03%	0.15%	0.03%
OFG	C	0.06%	0.2%	0.06%
OGS	A	0.19%	0.58%	0.19%
OTTR	D	0.09%	0.38%	0.09%
OXM	D	0.06%	0.17%	0.06%
PATK	A	0.19%	0.42%	0.19%
PBI	D	0.14%	0.26%	0.14%
PCH	C	0.17%	0.16%	0.16%
PDCO	D	0.16%	0.28%	0.16%
PEB	D	0.08%	0.07%	0.07%
PEBO	C	0.01%	0.21%	0.01%
PFBC	C	0.01%	0.14%	0.01%
PFC	C	0.03%	0.12%	0.03%
PFS	C	0.1%	0.32%	0.1%
PGRE	C	0.1%	0.05%	0.05%
PHIN	C	0.16%	0.33%	0.16%
PINC	C	0.18%	0.34%	0.18%
PIPR	B	0.16%	0.21%	0.16%
PJT	C	0.06%	0.11%	0.06%
PKST	C	0.01%	0.03%	0.01%
PLOW	C	0.03%	0.13%	0.03%
PNM	B	0.18%	0.44%	0.18%
PPBI	D	0.1%	0.33%	0.1%
PRDO	D	0.08%	0.22%	0.08%
PRGS	B	0.05%	0.15%	0.05%
PRIM	C	0.04%	0.16%	0.04%
PRK	C	0.08%	0.25%	0.08%
PSMT	B	0.17%	0.17%	0.17%
PTVE	D	0.07%	0.25%	0.07%
PZZA	D	0.03%	0.17%	0.03%
RDUS	D	0.05%	0.07%	0.05%
RES	F	0.04%	0.13%	0.04%
REVG	D	0.09%	0.15%	0.09%
RGP	D	0.02%	0.07%	0.02%
RGR	F	0.05%	0.09%	0.05%
RLJ	F	0.12%	0.06%	0.06%
RNST	D	0.02%	0.14%	0.02%
ROIC	B	0.07%	0.08%	0.07%
RRR	F	0.09%	0.28%	0.09%
RYI	F	0.07%	0.08%	0.07%
SAFT	C	0.08%	0.13%	0.08%
SAH	D	0.14%	0.15%	0.14%
SASR	B	0.1%	0.22%	0.1%
SBCF	C	0.02%	0.17%	0.02%
SBRA	A	0.2%	0.66%	0.2%
SBSI	C	0.04%	0.12%	0.04%
SCHL	D	0.07%	0.11%	0.07%
SCL	D	0.12%	0.13%	0.12%
SCS	C	0.17%	0.24%	0.17%
SCVL	C	0.06%	0.15%	0.06%
SEM	D	0.23%	0.37%	0.23%
SFBS	B	0.02%	0.21%	0.02%
SFNC	B	0.14%	0.34%	0.14%
SHEN	F	0.04%	0.05%	0.04%
SHO	D	0.11%	0.09%	0.09%
SHOO	B	0.19%	0.38%	0.19%
SHYF	D	0.03%	0.09%	0.03%
SJW	C	0.05%	0.23%	0.05%
SKT	B	0.11%	0.22%	0.11%
SLG	B	0.08%	0.58%	0.08%
SLVM	B	0.27%	0.4%	0.27%
SMG	C	0.2%	0.55%	0.2%
SMP	C	0.05%	0.11%	0.05%
SPB	B	0.24%	0.3%	0.24%
SR	A	0.2%	0.56%	0.2%
SRCE	C	0.03%	0.14%	0.03%
SSTK	F	0.03%	0.12%	0.03%
STBA	C	0.07%	0.17%	0.07%
STC	B	0.21%	0.17%	0.17%
STEP	B	0.04%	0.26%	0.04%
STRA	D	0.09%	0.24%	0.09%
SVC	F	0.15%	0.07%	0.07%
SWBI	D	0.06%	0.11%	0.06%
SXC	F	0.05%	0.12%	0.05%
SXI	D	0.06%	0.15%	0.06%
SXT	D	0.15%	0.32%	0.15%
TCBK	C	0.03%	0.1%	0.03%
TEX	D	0.18%	0.19%	0.18%
TILE	B	0.09%	0.11%	0.09%
TNC	D	0.07%	0.15%	0.07%
TNL	F	0.06%	0.52%	0.06%
TOWN	B	0.09%	0.24%	0.09%
TPG	B	0.14%	0.57%	0.14%
TRMK	C	0.11%	0.19%	0.11%
TRN	C	0.19%	0.37%	0.19%
TRS	D	0.06%	0.07%	0.06%
UCBI	B	0.09%	0.33%	0.09%
UE	B	0.1%	0.11%	0.1%
UFCS	D	0.03%	0.03%	0.03%
UMBF	B	0.16%	0.26%	0.16%
UNF	B	0.17%	0.12%	0.12%
USPH	F	0.02%	0.13%	0.02%
UTL	B	0.04%	0.21%	0.04%
UVE	B	0.04%	0.07%	0.04%
UVV	D	0.16%	0.32%	0.16%
VBTX	B	0.06%	0.14%	0.06%
VCTR	B	0.02%	0.53%	0.02%
VGR	C	0.11%	0.63%	0.11%
VIRT	B	0.22%	0.41%	0.22%
VRTS	D	0.02%	0.21%	0.02%
VSEC	D	0.02%	0.11%	0.02%
VSH	F	0.05%	0.17%	0.05%
VSTS	D	0.15%	0.09%	0.09%
WABC	D	0.03%	0.17%	0.03%
WAFD	B	0.17%	0.2%	0.17%
WASH	B	0.03%	0.09%	0.03%
WD	B	0.16%	0.26%	0.16%
WDFC	C	0.06%	0.27%	0.06%
WGO	D	0.15%	0.14%	0.14%
WHD	C	0.05%	0.26%	0.05%
WMK	C	0.17%	0.18%	0.17%
WNC	F	0.08%	0.08%	0.08%
WOR	F	0.09%	0.29%	0.09%
WSBC	C	0.1%	0.26%	0.1%
WSFS	D	0.09%	0.13%	0.09%
WTI	F	0.0%	0.06%	0.0%
WTTR	D	0.04%	0.19%	0.04%
WWW	B	0.12%	0.23%	0.12%
XHR	C	0.1%	0.06%	0.06%
ZEUS	F	0.03%	0.06%	0.03%

FNDA Overweight 646 Positions Relative to DES

Symbol	Grade	Weight
SATS	B	0.54%
ANF	D	0.43%
RCL	B	0.41%
FICO	A	0.35%
UTHR	C	0.33%
CRUS	D	0.33%
DY	C	0.3%
OHI	B	0.29%
MHO	B	0.28%
CLH	B	0.28%
COIN	F	0.28%
TPC	C	0.28%
GME	F	0.27%
PRG	B	0.27%
RDN	C	0.27%
WAL	B	0.27%
VLTO	B	0.27%
WWD	D	0.26%
FRT	B	0.26%
SWX	C	0.26%
TXRH	D	0.26%
FLS	D	0.25%
SPOT	C	0.25%
TTEK	B	0.25%
HEI	A	0.25%
AGNC	A	0.24%
XPO	D	0.24%
HIW	A	0.24%
SPR	D	0.24%
SF	B	0.24%
LNW	B	0.23%
CBT	B	0.23%
FCN	C	0.23%
RXO	D	0.23%
GEO	D	0.23%
ELS	B	0.23%
UAL	C	0.23%
VMI	D	0.22%
COOP	B	0.22%
COLD	D	0.22%
PB	B	0.22%
FIX	B	0.22%
ELAN	D	0.22%
GATX	C	0.22%
PLXS	B	0.22%
AIT	C	0.22%
BWXT	D	0.22%
MOG.A	B	0.22%
AGO	C	0.22%
RNR	B	0.21%
CWK	B	0.21%
SRCL	A	0.21%
FNB	D	0.21%
EBS	D	0.21%
SN	B	0.21%
UNIT	C	0.21%
AWI	C	0.21%
SCCO	D	0.21%
ESI	D	0.21%
CUBE	A	0.21%
LOPE	D	0.21%
DTM	B	0.2%
RPRX	C	0.2%
FDP	B	0.2%
NNN	B	0.2%
ACHC	C	0.2%
Z	B	0.2%
KEX	C	0.2%
CBSH	B	0.2%
GIII	C	0.2%
AMKR	D	0.2%
SMCI	F	0.2%
CR	C	0.2%
IDA	B	0.2%
CROX	C	0.2%
KRC	C	0.2%
AMH	B	0.2%
OLLI	C	0.19%
MAT	C	0.19%
ENTG	D	0.19%
ATGE	D	0.19%
MPWR	C	0.19%
SIG	C	0.19%
VRT	C	0.19%
CXW	D	0.19%
SAIA	D	0.19%
ESNT	B	0.19%
FUL	D	0.19%
GMS	C	0.19%
TTMI	D	0.19%
FDS	C	0.19%
WH	B	0.19%
WBS	D	0.19%
NYT	C	0.19%
COMM	A	0.19%
PNFP	B	0.19%
PFSI	B	0.19%
CADE	C	0.19%
WTFC	C	0.19%
ASH	D	0.19%
VSCO	C	0.18%
URBN	D	0.18%
NJR	A	0.18%
UAA	C	0.18%
HE	D	0.18%
ZM	C	0.18%
HXL	F	0.18%
HLI	A	0.18%
UBSI	C	0.18%
KNF	B	0.18%
NOMD	B	0.18%
CSGP	D	0.18%
CFR	C	0.18%
COLM	B	0.18%
INCY	C	0.18%
COLB	C	0.18%
SBH	C	0.18%
ACIW	B	0.18%
OMI	D	0.17%
EXEL	A	0.17%
BFAM	B	0.17%
WTM	D	0.17%
VVV	D	0.17%
THS	C	0.17%
BYD	C	0.17%
SSD	C	0.17%
MTCH	C	0.17%
AXS	B	0.17%
OZK	D	0.17%
EEFT	F	0.17%
ADTN	F	0.17%
MOD	C	0.17%
LFUS	D	0.17%
BIO	C	0.17%
COKE	C	0.16%
CNK	B	0.16%
APLE	D	0.16%
AGR	B	0.16%
LITE	C	0.16%
GMED	D	0.16%
VEEV	C	0.16%
CHDN	B	0.16%
JELD	D	0.16%
VLY	C	0.16%
OUT	B	0.16%
ENVA	C	0.16%
PTEN	F	0.15%
SKY	B	0.15%
H	D	0.15%
RYN	C	0.15%
DASH	C	0.15%
LGIH	C	0.15%
TYL	B	0.15%
ICUI	B	0.15%
NVST	D	0.15%
NEU	C	0.15%
ONB	C	0.15%
CVLT	B	0.15%
ROL	B	0.15%
FN	D	0.15%
WYNN	D	0.15%
ENSG	A	0.15%
SNDR	B	0.14%
ARES	C	0.14%
AMED	D	0.14%
RGLD	B	0.14%
MTDR	F	0.14%
APG	D	0.14%
MKTX	C	0.14%
SITE	D	0.14%
SIGI	C	0.14%
VSTO	B	0.14%
SKYW	C	0.14%
CGNX	D	0.14%
EAT	B	0.14%
LAUR	C	0.14%
PDM	B	0.14%
ESAB	C	0.14%
SLAB	D	0.14%
SUM	D	0.14%
VNT	D	0.14%
GBCI	C	0.14%
PPC	D	0.14%
BXMT	C	0.14%
CEIX	C	0.13%
AMWD	C	0.13%
APP	B	0.13%
KAR	D	0.13%
CNXC	D	0.13%
ITGR	B	0.13%
WTS	C	0.13%
WMS	D	0.13%
ITRI	C	0.13%
GTES	C	0.13%
YELP	F	0.13%
DNOW	D	0.13%
IGT	D	0.13%
HPP	F	0.13%
TROX	F	0.13%
PLUS	B	0.13%
DOLE	A	0.13%
APAM	C	0.13%
B	D	0.13%
CVCO	B	0.13%
SMTC	C	0.13%
SCSC	D	0.13%
WEX	C	0.13%
FND	C	0.13%
BRKR	D	0.12%
OPCH	C	0.12%
TPL	C	0.12%
EXLS	B	0.12%
JBLU	D	0.12%
ECPG	C	0.12%
DORM	B	0.12%
RH	C	0.12%
MASI	D	0.12%
AMN	F	0.12%
FELE	D	0.12%
FR	B	0.12%
FSS	D	0.12%
DIOD	F	0.12%
TDC	F	0.12%
MANH	A	0.12%
DNB	C	0.12%
ZD	D	0.12%
TCBI	B	0.12%
FWRD	C	0.12%
DLB	D	0.12%
PLNT	B	0.12%
BOOT	B	0.12%
WEN	C	0.12%
AIR	C	0.12%
STAG	B	0.12%
IAC	C	0.12%
PLTR	B	0.11%
HLF	F	0.11%
TREX	F	0.11%
PBH	B	0.11%
MORN	C	0.11%
KRG	B	0.11%
BMRN	F	0.11%
PTC	D	0.11%
RLI	B	0.11%
RRC	D	0.11%
TECH	D	0.11%
TWLO	D	0.11%
TNET	D	0.11%
ETSY	F	0.11%
PSN	B	0.11%
BOKF	B	0.11%
BDN	B	0.11%
LRN	B	0.11%
WDAY	D	0.11%
PECO	B	0.11%
GNL	C	0.1%
AM	B	0.1%
MELI	B	0.1%
IPGP	F	0.1%
BCPC	C	0.1%
VSAT	F	0.1%
AX	D	0.1%
ENOV	F	0.1%
SLGN	B	0.1%
DDS	D	0.1%
ATKR	F	0.1%
CHRD	F	0.1%
MSA	D	0.1%
IBP	C	0.1%
WSC	D	0.1%
LANC	D	0.1%
AMR	F	0.1%
RIG	F	0.1%
CHX	D	0.1%
CENTA	D	0.09%
FTDR	B	0.09%
PINS	F	0.09%
VIAV	D	0.09%
CDE	C	0.09%
IBKR	B	0.09%
RBC	D	0.09%
ONTO	D	0.09%
OLED	C	0.09%
SNBR	C	0.09%
CIVI	F	0.09%
ABR	C	0.09%
HELE	D	0.09%
NTCT	D	0.09%
ESGR	D	0.09%
RHP	D	0.09%
VC	F	0.09%
CSTM	D	0.09%
MD	C	0.09%
EGP	B	0.09%
TW	A	0.09%
BKD	D	0.09%
ATI	D	0.09%
ABNB	D	0.09%
OSIS	C	0.09%
HGV	D	0.09%
ARI	F	0.09%
CWEN	A	0.09%
CNM	F	0.09%
PMT	C	0.09%
MMSI	A	0.09%
ORA	C	0.09%
MGY	D	0.08%
CBZ	F	0.08%
ADC	B	0.08%
AMCX	F	0.08%
HALO	B	0.08%
TALO	F	0.08%
MATV	B	0.08%
AZEK	C	0.08%
AY	C	0.08%
NVRI	D	0.08%
EXPO	B	0.08%
GOLF	D	0.08%
UCTT	F	0.08%
HRB	C	0.08%
SYNA	F	0.08%
CCO	C	0.08%
NMIH	B	0.08%
STRL	C	0.08%
THRM	D	0.08%
HAIN	D	0.08%
CPNG	B	0.08%
CNA	C	0.08%
GCI	D	0.08%
NSP	F	0.08%
AXL	F	0.08%
NOW	B	0.08%
HAE	D	0.08%
FSLR	D	0.08%
NGVT	F	0.08%
BV	B	0.08%
LADR	B	0.08%
ROCK	D	0.08%
HCSG	C	0.08%
ROKU	C	0.08%
REXR	C	0.08%
SAM	F	0.08%
FFIN	C	0.08%
VRSN	D	0.07%
HLX	F	0.07%
NBIX	D	0.07%
MRCY	C	0.07%
WTRG	D	0.07%
IRDM	D	0.07%
MYRG	F	0.07%
OPEN	D	0.07%
MMS	D	0.07%
BMI	A	0.07%
AAON	A	0.07%
AGRO	C	0.07%
LILAK	C	0.07%
PLAB	D	0.07%
DXCM	F	0.07%
ATSG	D	0.07%
HOMB	C	0.07%
TTD	B	0.07%
COTY	D	0.07%
MRC	D	0.07%
MEDP	D	0.07%
CODI	D	0.07%
GWRE	A	0.07%
GO	F	0.07%
KOS	F	0.07%
FIVE	D	0.07%
CNDT	C	0.07%
CHH	C	0.07%
HZO	C	0.07%
DFIN	B	0.07%
CNX	B	0.07%
RAMP	F	0.07%
CORT	B	0.07%
PAYC	D	0.07%
POWI	F	0.07%
OMCL	C	0.07%
REYN	C	0.07%
FORM	F	0.07%
COMP	B	0.07%
RNG	D	0.07%
YETI	D	0.07%
OII	D	0.07%
LGF.A	D	0.07%
NTB	C	0.07%
KN	D	0.07%
PUMP	F	0.06%
PR	D	0.06%
GLNG	D	0.06%
BXC	D	0.06%
OEC	F	0.06%
MSM	D	0.06%
CRL	D	0.06%
APO	C	0.06%
TRNO	B	0.06%
TRIP	F	0.06%
HMST	B	0.06%
WING	B	0.06%
ZWS	B	0.06%
AAL	D	0.06%
PRAA	F	0.06%
CWST	A	0.06%
VRRM	D	0.06%
ROAD	A	0.06%
BLKB	B	0.06%
BLD	D	0.06%
FTI	D	0.06%
ENPH	D	0.06%
CNSL	A	0.06%
ALK	C	0.06%
ADUS	B	0.06%
SABR	D	0.06%
STNG	D	0.06%
NBR	F	0.06%
BSY	D	0.06%
CARG	B	0.06%
DHT	C	0.06%
SFL	D	0.06%
NTGR	C	0.06%
CHE	C	0.06%
DBX	D	0.06%
ILPT	C	0.06%
BZH	B	0.06%
CUBI	F	0.06%
INVA	B	0.06%
ZUMZ	D	0.06%
ENV	C	0.06%
HHH	C	0.06%
JAZZ	D	0.06%
ROG	D	0.06%
CMPR	F	0.06%
FOXF	F	0.05%
STNE	F	0.05%
PRA	C	0.05%
LPG	F	0.05%
EXAS	C	0.05%
ERIE	B	0.05%
DXPE	C	0.05%
RWT	A	0.05%
SONO	F	0.05%
RDNT	B	0.05%
XP	D	0.05%
SMPL	D	0.05%
SGH	F	0.05%
IHRT	D	0.05%
SUPN	D	0.05%
NEOG	D	0.05%
SBLK	D	0.05%
WFRD	D	0.05%
W	D	0.05%
CRK	D	0.05%
UIS	C	0.05%
TSE	D	0.05%
GCO	F	0.05%
PLAY	F	0.05%
AZTA	D	0.05%
NOVT	D	0.05%
GPRE	F	0.05%
MYGN	C	0.05%
FHI	B	0.05%
CPS	F	0.05%
PAGS	F	0.05%
PRFT	A	0.05%
ZIMV	D	0.05%
LBRDK	D	0.05%
GFS	F	0.05%
SSB	B	0.05%
ALIT	D	0.05%
SENEA	B	0.05%
PSTG	D	0.05%
CHEF	C	0.05%
AEO	F	0.05%
QLYS	F	0.05%
EYE	F	0.05%
LYFT	D	0.05%
GLOB	D	0.05%
MODG	F	0.05%
HURN	C	0.05%
TRTX	C	0.05%
HQY	C	0.05%
THRY	D	0.05%
KTOS	B	0.05%
DCO	B	0.04%
PEGA	C	0.04%
PRLB	D	0.04%
VRNT	F	0.04%
PARR	F	0.04%
NVEE	F	0.04%
KREF	B	0.04%
TEN	C	0.04%
SPSC	D	0.04%
TNK	D	0.04%
SEB	C	0.04%
GRBK	B	0.04%
EVRI	C	0.04%
PTON	C	0.04%
ECVT	F	0.04%
COHU	D	0.04%
CMRE	D	0.04%
SFIX	D	0.04%
GLDD	C	0.04%
DAC	D	0.04%
EAF	D	0.04%
AVNS	B	0.04%
INSW	D	0.04%
RGEN	F	0.04%
WOOF	C	0.04%
MTUS	F	0.04%
WRLD	D	0.04%
CLVT	D	0.04%
USNA	F	0.04%
CNNE	D	0.04%
GDOT	C	0.04%
ACLS	F	0.04%
TBI	F	0.04%
LIVN	D	0.04%
AHCO	B	0.04%
CLW	F	0.04%
TUP	F	0.04%
ICHR	F	0.04%
PODD	B	0.04%
BRBR	C	0.04%
IART	F	0.04%
BRSP	D	0.03%
RUN	C	0.03%
SNOW	F	0.03%
TMP	C	0.03%
ARCO	F	0.03%
TPIC	D	0.03%
ALTO	D	0.03%
BJRI	D	0.03%
SGRY	C	0.03%
ZI	D	0.03%
MTW	F	0.03%
AMC	D	0.03%
PEN	D	0.03%
OPK	C	0.03%
OPI	F	0.03%
HAYW	D	0.03%
LSCC	D	0.03%
GNK	D	0.03%
WOW	D	0.03%
ALKS	C	0.03%
HASI	B	0.03%
TDOC	D	0.03%
IPAR	D	0.03%
CARS	D	0.03%
VAL	F	0.03%
AVO	B	0.03%
ALRM	F	0.03%
MERC	F	0.03%
RKT	B	0.03%
MED	F	0.02%
MXL	F	0.02%
PLCE	D	0.02%
VIR	F	0.02%
AGL	F	0.02%
OKTA	F	0.02%
USM	B	0.02%
GDEN	D	0.02%
LEVI	C	0.02%
GTLS	F	0.02%
VREX	F	0.02%
DENN	F	0.02%
PRVA	F	0.02%
LYV	C	0.02%
KNSL	C	0.02%
OIS	F	0.02%
IRBT	F	0.02%
TITN	F	0.02%
ALGT	F	0.02%
CALX	D	0.02%
DT	C	0.02%
XPRO	F	0.02%
FLGT	D	0.02%
CCRN	F	0.02%
FLWS	D	0.02%
DAY	C	0.02%
CTRN	F	0.02%
TKO	B	0.02%
RYAM	B	0.02%
SRI	F	0.02%
CLOV	C	0.02%
ASTH	B	0.02%
AMBC	F	0.02%
CMTG	F	0.02%
MODV	F	0.02%
FIZZ	F	0.02%
CCSI	C	0.02%
RC	F	0.02%
TOST	C	0.02%
INMD	D	0.01%
TTEC	F	0.01%
THR	D	0.01%
ONEW	F	0.01%
EVH	C	0.01%
SPWH	D	0.01%
LXU	D	0.01%
TBBK	B	0.01%
REX	D	0.01%
CRVL	B	0.01%
SNEX	C	0.01%
NR	D	0.01%
VTOL	D	0.01%
HLNE	B	0.01%
AMRC	C	0.01%
HOV	C	0.01%
CMTL	D	0.01%
LGND	C	0.01%
MBUU	D	0.01%
TK	C	0.01%
AOSL	D	0.01%
IRWD	F	0.01%
KE	F	0.01%
LESL	F	0.01%
PETS	D	0.01%
GPRO	F	0.01%
MP	D	0.01%
WMG	D	0.01%
PRM	B	0.01%
BMBL	F	0.01%
WOLF	F	0.01%
SEDG	F	0.01%
RILY	F	0.01%
EDR	A	0.01%
AVD	F	0.01%
GSL	D	0.01%
SSP	F	0.01%
NU	B	0.01%
GPMT	D	0.01%
SNAP	F	0.01%
SSYS	F	0.01%
RMBS	F	0.01%
CRMT	F	0.01%
JRVR	F	0.01%
CHGG	F	0.0%
PCRX	F	0.0%
SEG	C	0.0%
ALGM	D	0.0%
CRNC	F	0.0%
TWI	D	0.0%
GSM	F	0.0%
AMPH	C	0.0%
CENT	D	0.0%

FNDA Underweight 216 Positions Relative to DES

Symbol	Grade	Weight
OGN	C	-1.48%
TFSL	C	-0.86%
KNTK	A	-0.61%
KSS	F	-0.6%
CRI	C	-0.55%
LEG	D	-0.39%
XRX	F	-0.38%
VAC	F	-0.36%
TDS	B	-0.35%
KRO	D	-0.35%
RUSHA	C	-0.33%
SLM	D	-0.33%
TGNA	C	-0.3%
ABM	D	-0.26%
AESI	C	-0.24%
GRNT	D	-0.24%
POWL	C	-0.21%
YOU	B	-0.21%
CNO	B	-0.21%
WINA	D	-0.2%
MCRI	C	-0.19%
NAVI	C	-0.18%
DK	F	-0.17%
DAN	F	-0.16%
NGVC	B	-0.16%
GABC	C	-0.15%
ALX	B	-0.15%
BANC	C	-0.15%
EGY	D	-0.15%
LMAT	B	-0.15%
ULH	C	-0.15%
VHI	C	-0.15%
JOE	D	-0.15%
BTU	D	-0.15%
MLR	D	-0.14%
ANET	C	-0.14%
UWMC	C	-0.14%
USLM	B	-0.14%
REPX	D	-0.14%
SPTN	C	-0.14%
CTBI	B	-0.14%
WERN	D	-0.14%
UTZ	C	-0.14%
HCKT	C	-0.13%
TPB	C	-0.13%
PK	F	-0.13%
GRC	D	-0.13%
ATEN	C	-0.12%
CDRE	C	-0.12%
MSEX	C	-0.12%
KRT	D	-0.12%
NSSC	D	-0.11%
SYBT	C	-0.11%
RBCAA	C	-0.11%
TR	C	-0.11%
HTBK	C	-0.1%
BHRB	C	-0.1%
LMNR	B	-0.1%
NVEC	F	-0.1%
ARCH	D	-0.1%
SPOK	C	-0.1%
YORW	C	-0.1%
VLGEA	A	-0.09%
HBNC	B	-0.09%
FCBC	B	-0.09%
PAHC	B	-0.09%
SD	F	-0.09%
FISI	C	-0.09%
MLAB	C	-0.09%
ODC	D	-0.09%
DCOM	B	-0.09%
AMSWA	C	-0.09%
MCS	C	-0.09%
LYTS	C	-0.09%
UMH	B	-0.08%
GCMG	B	-0.08%
BELFB	C	-0.08%
TRAK	B	-0.08%
MCBS	B	-0.08%
TRST	C	-0.08%
PKOH	C	-0.08%
GWRS	B	-0.08%
HBB	B	-0.08%
MPX	D	-0.08%
IMMR	D	-0.08%
LOB	B	-0.08%
THFF	C	-0.08%
NATH	A	-0.08%
WEYS	B	-0.08%
MBIN	C	-0.08%
HBT	C	-0.08%
FBMS	B	-0.08%
MBWM	C	-0.08%
HPK	D	-0.08%
IBCP	B	-0.07%
SGC	D	-0.07%
ITIC	B	-0.07%
BY	C	-0.07%
GNE	D	-0.07%
METC	F	-0.07%
RUSHB	C	-0.07%
SAVE	F	-0.07%
ARTNA	C	-0.07%
EE	C	-0.07%
RNGR	C	-0.07%
MSB	C	-0.07%
PKE	C	-0.07%
HSTM	C	-0.07%
JOUT	D	-0.06%
RGCO	C	-0.06%
RCKY	C	-0.06%
NRC	F	-0.06%
UTMD	F	-0.06%
OFLX	D	-0.06%
EML	C	-0.06%
NFBK	C	-0.06%
PLPC	D	-0.06%
SLP	F	-0.06%
FF	C	-0.06%
NTST	C	-0.06%
FLIC	C	-0.05%
WSR	D	-0.05%
FFIC	C	-0.05%
HQI	C	-0.05%
CTO	C	-0.05%
BSRR	C	-0.05%
ALRS	C	-0.05%
NEWT	F	-0.05%
EPM	C	-0.05%
QCRH	C	-0.05%
NRIM	C	-0.05%
ESCA	F	-0.05%
CCNE	C	-0.05%
FMBH	B	-0.05%
ALCO	C	-0.05%
AMAL	B	-0.05%
BFS	B	-0.05%
RICK	F	-0.05%
FRST	D	-0.04%
SHBI	B	-0.04%
HOFT	D	-0.04%
CASS	C	-0.04%
FMNB	C	-0.04%
AMTB	D	-0.04%
GSBC	D	-0.04%
AHH	B	-0.04%
RELL	D	-0.04%
PGC	C	-0.04%
HURC	D	-0.04%
GMRE	C	-0.04%
ORRF	B	-0.04%
BSVN	C	-0.04%
PLYM	D	-0.04%
OBK	D	-0.04%
DGICA	B	-0.04%
LAKE	D	-0.04%
OSBC	B	-0.04%
EQBK	B	-0.04%
SMBK	A	-0.04%
CAC	C	-0.04%
LCUT	F	-0.04%
FSBC	B	-0.04%
CLAR	F	-0.04%
HCI	C	-0.04%
ARC	A	-0.04%
NC	F	-0.04%
BFC	B	-0.04%
TWIN	D	-0.04%
EVC	D	-0.04%
ALTG	F	-0.04%
RM	B	-0.04%
FRBA	B	-0.03%
FSBW	B	-0.03%
LAND	C	-0.03%
BSET	C	-0.03%
BHB	B	-0.03%
CSPI	F	-0.03%
CZNC	C	-0.03%
CIVB	C	-0.03%
PSTL	B	-0.03%
WTBA	C	-0.03%
GNTY	B	-0.03%
ACU	C	-0.03%
HONE	C	-0.03%
OLP	A	-0.03%
OPY	D	-0.03%
TSQ	F	-0.03%
TIPT	B	-0.03%
BRT	B	-0.03%
SMBC	C	-0.03%
PHX	C	-0.03%
SSBK	C	-0.02%
NBN	C	-0.02%
RRBI	C	-0.02%
PINE	C	-0.02%
CBNK	B	-0.02%
ISTR	B	-0.02%
FBIZ	C	-0.02%
III	D	-0.02%
CATO	F	-0.02%
NECB	B	-0.02%
VOC	F	-0.02%
SPFI	C	-0.02%
FPI	D	-0.02%
RMR	C	-0.02%
BMRC	C	-0.02%
AROW	C	-0.02%
CHCT	F	-0.02%
SGA	F	-0.02%
UNTY	C	-0.01%
OBT	C	-0.01%
FDBC	C	-0.01%
INBK	C	-0.01%
MBCN	C	-0.01%
PLBC	C	-0.01%
FNWB	D	-0.0%