FNDA vs. DWAS ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

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

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$90.90

Average Daily Volume

75,886

Number of Holdings ^*

188

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	DWAS
30 Days	2.36%	1.32%
60 Days	0.41%	0.83%
90 Days	7.32%	6.06%
12 Months	18.88%	18.35%

85 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in DWAS	Overlap
ACLS	F	0.04%	0.66%	0.04%
AGM	D	0.02%	0.39%	0.02%
AGX	B	0.06%	0.33%	0.06%
ANF	D	0.43%	1.08%	0.43%
APOG	C	0.12%	0.37%	0.12%
AROC	D	0.13%	0.48%	0.13%
ATI	D	0.09%	0.72%	0.09%
BBSI	B	0.04%	0.38%	0.04%
BDC	B	0.15%	0.38%	0.15%
BGC	B	0.13%	0.44%	0.13%
BKD	D	0.09%	0.38%	0.09%
BMI	A	0.07%	0.6%	0.07%
BOOT	B	0.12%	0.37%	0.12%
BSIG	C	0.09%	0.39%	0.09%
CACC	F	0.15%	0.34%	0.15%
CACC	F	0.08%	0.34%	0.08%
CARS	D	0.03%	0.32%	0.03%
CASH	B	0.06%	0.45%	0.06%
CBT	B	0.23%	0.37%	0.23%
CBZ	F	0.08%	0.71%	0.08%
CDE	C	0.09%	0.35%	0.09%
CMPR	F	0.06%	0.48%	0.06%
CNX	B	0.07%	0.4%	0.07%
COOP	B	0.22%	1.19%	0.22%
CRAI	C	0.04%	0.41%	0.04%
CRS	B	0.25%	0.8%	0.25%
CRVL	B	0.01%	0.46%	0.01%
CSWI	B	0.07%	0.8%	0.07%
CVLT	B	0.15%	0.45%	0.15%
DFIN	B	0.07%	1.08%	0.07%
DXPE	C	0.05%	0.41%	0.05%
DY	C	0.3%	0.37%	0.3%
EAT	B	0.14%	0.38%	0.14%
ENVA	C	0.16%	0.52%	0.16%
ESAB	C	0.14%	0.37%	0.14%
ESI	D	0.21%	0.34%	0.21%
FBP	D	0.09%	0.44%	0.09%
FELE	D	0.12%	0.36%	0.12%
FORM	F	0.07%	0.27%	0.07%
FSS	D	0.12%	0.49%	0.12%
GFF	C	0.09%	0.38%	0.09%
GMS	C	0.19%	0.48%	0.19%
GOLF	D	0.08%	0.38%	0.08%
GRBK	B	0.04%	0.89%	0.04%
GVA	B	0.22%	0.44%	0.22%
HLX	F	0.07%	0.38%	0.07%
HWKN	C	0.08%	0.57%	0.08%
HY	D	0.0%	0.3%	0.0%
ICFI	B	0.1%	0.43%	0.1%
IDCC	B	0.12%	0.41%	0.12%
KEX	C	0.2%	0.35%	0.2%
KTB	A	0.14%	0.4%	0.14%
LBRT	D	0.13%	0.34%	0.13%
MATX	C	0.06%	0.41%	0.06%
MHO	B	0.28%	0.46%	0.28%
MOD	C	0.17%	1.77%	0.17%
MOG.A	B	0.22%	0.42%	0.22%
MRC	D	0.07%	0.36%	0.07%
NOG	F	0.03%	1.09%	0.03%
NPO	D	0.09%	0.36%	0.09%
NR	D	0.01%	0.37%	0.01%
OFG	C	0.06%	0.5%	0.06%
OII	D	0.07%	0.42%	0.07%
OLLI	C	0.19%	0.33%	0.19%
PIPR	B	0.16%	0.45%	0.16%
PRDO	D	0.08%	0.38%	0.08%
PRIM	C	0.04%	0.34%	0.04%
RDNT	B	0.05%	0.41%	0.05%
REVG	D	0.09%	0.35%	0.09%
ROAD	A	0.06%	0.36%	0.06%
SKT	B	0.11%	0.48%	0.11%
SKYW	C	0.14%	0.49%	0.14%
SLG	B	0.08%	0.41%	0.08%
SLVM	B	0.27%	0.41%	0.27%
SNEX	C	0.01%	0.39%	0.01%
STRA	D	0.09%	0.31%	0.09%
STRL	C	0.08%	1.22%	0.08%
SXI	D	0.06%	0.37%	0.06%
THR	D	0.01%	0.35%	0.01%
TPC	C	0.28%	0.44%	0.28%
USM	B	0.02%	0.39%	0.02%
VAL	F	0.03%	0.31%	0.03%
VCTR	B	0.02%	0.58%	0.02%
VSEC	D	0.02%	0.38%	0.02%
VVV	D	0.17%	0.35%	0.17%

FNDA Overweight 911 Positions Relative to DWAS

Symbol	Grade	Weight
SATS	B	0.54%
RCL	B	0.41%
FICO	A	0.35%
UTHR	C	0.33%
CRUS	D	0.33%
OHI	B	0.29%
KMPR	D	0.28%
CLH	B	0.28%
COIN	F	0.28%
BKU	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%
MAC	B	0.26%
HCC	D	0.25%
FLS	D	0.25%
SPOT	C	0.25%
TTEK	B	0.25%
HEI	A	0.25%
BKH	A	0.24%
AGNC	A	0.24%
SPB	B	0.24%
XPO	D	0.24%
HIW	A	0.24%
SPR	D	0.24%
SF	B	0.24%
SEM	D	0.23%
LNW	B	0.23%
DHC	C	0.23%
FCN	C	0.23%
RXO	D	0.23%
GEO	D	0.23%
ELS	B	0.23%
UAL	C	0.23%
CCS	B	0.22%
VMI	D	0.22%
BHE	C	0.22%
COLD	D	0.22%
PB	B	0.22%
FIX	B	0.22%
ELAN	D	0.22%
AVNT	B	0.22%
GATX	C	0.22%
PLXS	B	0.22%
VIRT	B	0.22%
AIT	C	0.22%
BWXT	D	0.22%
AGO	C	0.22%
STC	B	0.21%
RNR	B	0.21%
DBRG	D	0.21%
CWK	B	0.21%
SRCL	A	0.21%
FNB	D	0.21%
EBS	D	0.21%
DEI	A	0.21%
SN	B	0.21%
UNIT	C	0.21%
AWI	C	0.21%
SCCO	D	0.21%
CUBE	A	0.21%
LOPE	D	0.21%
KFY	B	0.21%
DTM	B	0.2%
RPRX	C	0.2%
SR	A	0.2%
FDP	B	0.2%
NNN	B	0.2%
ACHC	C	0.2%
Z	B	0.2%
CBSH	B	0.2%
GIII	C	0.2%
CUZ	B	0.2%
AMKR	D	0.2%
SMCI	F	0.2%
CR	C	0.2%
ENS	D	0.2%
IDA	B	0.2%
CROX	C	0.2%
GHC	C	0.2%
KRC	C	0.2%
AMH	B	0.2%
SBRA	A	0.2%
SMG	C	0.2%
FHB	C	0.19%
MAT	C	0.19%
ENTG	D	0.19%
TRN	C	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%
HWC	D	0.19%
HP	F	0.19%
HNI	C	0.19%
FUL	D	0.19%
TTMI	D	0.19%
FDS	C	0.19%
PATK	A	0.19%
WH	B	0.19%
SHOO	B	0.19%
WBS	D	0.19%
NYT	C	0.19%
COMM	A	0.19%
PNFP	B	0.19%
PFSI	B	0.19%
OGS	A	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%
NWE	A	0.18%
HXL	F	0.18%
BCO	B	0.18%
HLI	A	0.18%
UBSI	C	0.18%
PINC	C	0.18%
IMKTA	D	0.18%
KNF	B	0.18%
ALE	B	0.18%
TEX	D	0.18%
NOMD	B	0.18%
CSGP	D	0.18%
CFR	C	0.18%
PNM	B	0.18%
ASB	D	0.18%
LCII	C	0.18%
COLM	B	0.18%
MC	B	0.18%
INCY	C	0.18%
COLB	C	0.18%
SBH	C	0.18%
ACIW	B	0.18%
OMI	D	0.17%
ARCB	D	0.17%
WMK	C	0.17%
EXEL	A	0.17%
ACA	C	0.17%
BFAM	B	0.17%
WAFD	B	0.17%
WTM	D	0.17%
THS	C	0.17%
BYD	C	0.17%
SSD	C	0.17%
UNF	B	0.17%
PCH	C	0.17%
MTCH	C	0.17%
AXS	B	0.17%
AVA	B	0.17%
OZK	D	0.17%
EEFT	F	0.17%
HRI	D	0.17%
PSMT	B	0.17%
MLKN	D	0.17%
ADTN	F	0.17%
LFUS	D	0.17%
SCS	C	0.17%
BIO	C	0.17%
CRC	C	0.16%
COKE	C	0.16%
UVV	D	0.16%
CNK	B	0.16%
APLE	D	0.16%
AGR	B	0.16%
GBX	C	0.16%
LZB	C	0.16%
LITE	C	0.16%
WD	B	0.16%
UMBF	B	0.16%
GMED	D	0.16%
VEEV	C	0.16%
PDCO	D	0.16%
PHIN	C	0.16%
CHDN	B	0.16%
JELD	D	0.16%
VLY	C	0.16%
KMT	B	0.16%
OUT	B	0.16%
CALM	B	0.16%
PTEN	F	0.15%
CATY	C	0.15%
SVC	F	0.15%
SKY	B	0.15%
H	D	0.15%
WGO	D	0.15%
RYN	C	0.15%
JBGS	B	0.15%
NMRK	B	0.15%
DASH	C	0.15%
VSTS	D	0.15%
LGIH	C	0.15%
TYL	B	0.15%
ICUI	B	0.15%
NVST	D	0.15%
NEU	C	0.15%
SXT	D	0.15%
ONB	C	0.15%
EPR	B	0.15%
ROL	B	0.15%
FN	D	0.15%
WYNN	D	0.15%
ENSG	A	0.15%
PBI	D	0.14%
SNDR	B	0.14%
ARES	C	0.14%
AMED	D	0.14%
RGLD	B	0.14%
MTDR	F	0.14%
SAH	D	0.14%
APG	D	0.14%
TPG	B	0.14%
MKTX	C	0.14%
MCY	C	0.14%
SITE	D	0.14%
SIGI	C	0.14%
VSTO	B	0.14%
CGNX	D	0.14%
LAUR	C	0.14%
PDM	B	0.14%
SLAB	D	0.14%
SUM	D	0.14%
VNT	D	0.14%
KELYA	D	0.14%
MTX	F	0.14%
GBCI	C	0.14%
PPC	D	0.14%
SFNC	B	0.14%
BXMT	C	0.14%
CEIX	C	0.13%
AMWD	C	0.13%
AMRK	C	0.13%
APP	B	0.13%
KAR	D	0.13%
BOH	C	0.13%
CNXC	D	0.13%
ITGR	B	0.13%
WTS	C	0.13%
FULT	D	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%
GEF	D	0.13%
WEX	C	0.13%
FND	C	0.13%
BRKR	D	0.12%
EPC	F	0.12%
OPCH	C	0.12%
TPL	C	0.12%
EXLS	B	0.12%
DRH	C	0.12%
JBLU	D	0.12%
ECPG	C	0.12%
DORM	B	0.12%
SCL	D	0.12%
RH	C	0.12%
RLJ	F	0.12%
MASI	D	0.12%
AMN	F	0.12%
FR	B	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%
WEN	C	0.12%
WWW	B	0.12%
AIR	C	0.12%
STAG	B	0.12%
ABCB	B	0.12%
IAC	C	0.12%
BANR	B	0.11%
TRMK	C	0.11%
PLTR	B	0.11%
HLF	F	0.11%
TREX	F	0.11%
FFBC	C	0.11%
PBH	B	0.11%
SHO	D	0.11%
MORN	C	0.11%
KRG	B	0.11%
BMRN	F	0.11%
PTC	D	0.11%
NHC	D	0.11%
RLI	B	0.11%
RRC	D	0.11%
TECH	D	0.11%
NHI	B	0.11%
TWLO	D	0.11%
AZZ	D	0.11%
TNET	D	0.11%
ETSY	F	0.11%
PSN	B	0.11%
BOKF	B	0.11%
BDN	B	0.11%
HOPE	C	0.11%
LRN	B	0.11%
HTH	C	0.11%
WDAY	D	0.11%
VGR	C	0.11%
MWA	C	0.11%
PECO	B	0.11%
IOSP	D	0.11%
SASR	B	0.1%
GNL	C	0.1%
AM	B	0.1%
PPBI	D	0.1%
AEIS	D	0.1%
MELI	B	0.1%
IPGP	F	0.1%
BCPC	C	0.1%
LXP	B	0.1%
VSAT	F	0.1%
AX	D	0.1%
ENOV	F	0.1%
AIN	F	0.1%
PFS	C	0.1%
ESRT	B	0.1%
HTLF	B	0.1%
SLGN	B	0.1%
DDS	D	0.1%
KALU	D	0.1%
ALEX	B	0.1%
WSBC	C	0.1%
ATKR	F	0.1%
PGRE	C	0.1%
CHRD	F	0.1%
MSA	D	0.1%
EMBC	C	0.1%
IBP	C	0.1%
WSC	D	0.1%
CABO	F	0.1%
DLX	D	0.1%
LANC	D	0.1%
AMR	F	0.1%
RIG	F	0.1%
FIBK	C	0.1%
CBU	C	0.1%
CHX	D	0.1%
UE	B	0.1%
XHR	C	0.1%
IBOC	C	0.1%
CENTA	D	0.09%
FTDR	B	0.09%
PINS	F	0.09%
VIAV	D	0.09%
TILE	B	0.09%
IBTX	B	0.09%
IBKR	B	0.09%
RBC	D	0.09%
ONTO	D	0.09%
OLED	C	0.09%
TOWN	B	0.09%
JACK	F	0.09%
SNBR	C	0.09%
HEES	D	0.09%
CIVI	F	0.09%
JBT	D	0.09%
ABR	C	0.09%
AKR	B	0.09%
RRR	F	0.09%
HELE	D	0.09%
NTCT	D	0.09%
ESGR	D	0.09%
WSFS	D	0.09%
ENR	D	0.09%
RHP	D	0.09%
VC	F	0.09%
EIG	B	0.09%
MGEE	A	0.09%
CSTM	D	0.09%
CVBF	C	0.09%
MD	C	0.09%
EGP	B	0.09%
TW	A	0.09%
HL	B	0.09%
ABNB	D	0.09%
OSIS	C	0.09%
HGV	D	0.09%
CBRL	F	0.09%
ARI	F	0.09%
CNXN	B	0.09%
CWEN	A	0.09%
OTTR	D	0.09%
UCBI	B	0.09%
WOR	F	0.09%
CNM	F	0.09%
PMT	C	0.09%
MMSI	A	0.09%
ORA	C	0.09%
BKE	B	0.09%
MGY	D	0.08%
ADC	B	0.08%
BGS	D	0.08%
AMCX	F	0.08%
HALO	B	0.08%
CNS	A	0.08%
TALO	F	0.08%
MATV	B	0.08%
AZEK	C	0.08%
CAL	F	0.08%
WNC	F	0.08%
CCOI	C	0.08%
AY	C	0.08%
NVRI	D	0.08%
PEB	D	0.08%
EXPO	B	0.08%
KLG	C	0.08%
NSA	A	0.08%
UCTT	F	0.08%
HRB	C	0.08%
SYNA	F	0.08%
JJSF	D	0.08%
CCO	C	0.08%
NMIH	B	0.08%
ESE	C	0.08%
THRM	D	0.08%
HAIN	D	0.08%
NWBI	C	0.08%
INDB	C	0.08%
PRK	C	0.08%
CPNG	B	0.08%
SAFT	C	0.08%
NWN	B	0.08%
CNA	C	0.08%
MGRC	F	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%
FRME	D	0.08%
NGVT	F	0.08%
BV	B	0.08%
LADR	B	0.08%
ROCK	D	0.08%
HCSG	C	0.08%
HI	F	0.08%
ROKU	C	0.08%
REXR	C	0.08%
SAM	F	0.08%
KFRC	F	0.08%
FFIN	C	0.08%
KW	C	0.08%
CWT	A	0.08%
GES	F	0.07%
FCF	C	0.07%
ACCO	C	0.07%
VRSN	D	0.07%
MRTN	D	0.07%
CPK	A	0.07%
TNC	D	0.07%
NBIX	D	0.07%
MRCY	C	0.07%
ALG	D	0.07%
WTRG	D	0.07%
IRDM	D	0.07%
MYRG	F	0.07%
OPEN	D	0.07%
MMS	D	0.07%
JWN	C	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%
PTVE	D	0.07%
KLIC	D	0.07%
TTD	B	0.07%
COTY	D	0.07%
MTRN	F	0.07%
MEDP	D	0.07%
NNI	B	0.07%
CODI	D	0.07%
GWRE	A	0.07%
STBA	C	0.07%
GO	F	0.07%
AAT	B	0.07%
KOS	F	0.07%
FIVE	D	0.07%
CNDT	C	0.07%
CHH	C	0.07%
HZO	C	0.07%
RAMP	F	0.07%
KAI	C	0.07%
CORT	B	0.07%
PAYC	D	0.07%
NBTB	D	0.07%
RYI	F	0.07%
IRT	A	0.07%
POWI	F	0.07%
OMCL	C	0.07%
REYN	C	0.07%
BLMN	F	0.07%
COMP	B	0.07%
RNG	D	0.07%
YETI	D	0.07%
SCHL	D	0.07%
CSGS	C	0.07%
ROIC	B	0.07%
LGF.A	D	0.07%
NTB	C	0.07%
KN	D	0.07%
PUMP	F	0.06%
VBTX	B	0.06%
PR	D	0.06%
GLNG	D	0.06%
EFSC	C	0.06%
PJT	C	0.06%
BXC	D	0.06%
OEC	F	0.06%
MSM	D	0.06%
CRL	D	0.06%
APO	C	0.06%
KWR	D	0.06%
DEA	B	0.06%
TRNO	B	0.06%
NUS	F	0.06%
TRIP	F	0.06%
HMST	B	0.06%
WING	B	0.06%
SCVL	C	0.06%
MMI	C	0.06%
SWBI	D	0.06%
ZWS	B	0.06%
AAL	D	0.06%
PRAA	F	0.06%
ANDE	D	0.06%
CWST	A	0.06%
GTN	F	0.06%
WDFC	C	0.06%
TRS	D	0.06%
VRRM	D	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%
CVI	F	0.06%
ADUS	B	0.06%
TNL	F	0.06%
NX	D	0.06%
CAKE	D	0.06%
SABR	D	0.06%
STNG	D	0.06%
NBR	F	0.06%
BSY	D	0.06%
EBC	B	0.06%
CARG	B	0.06%
DHT	C	0.06%
AAN	C	0.06%
BNL	A	0.06%
SFL	D	0.06%
NTGR	C	0.06%
CHE	C	0.06%
DBX	D	0.06%
ILPT	C	0.06%
AWR	B	0.06%
BZH	B	0.06%
HMN	C	0.06%
BUSE	C	0.06%
CUBI	F	0.06%
KOP	F	0.06%
INVA	B	0.06%
ZUMZ	D	0.06%
ENV	C	0.06%
HHH	C	0.06%
JAZZ	D	0.06%
OXM	D	0.06%
ROG	D	0.06%
FOXF	F	0.05%
CHCO	B	0.05%
STNE	F	0.05%
PRA	C	0.05%
LPG	F	0.05%
EXAS	C	0.05%
CVGW	B	0.05%
AUB	C	0.05%
ASTE	F	0.05%
ERIE	B	0.05%
MNRO	D	0.05%
RWT	A	0.05%
SONO	F	0.05%
LTC	B	0.05%
XP	D	0.05%
FBNC	C	0.05%
HTLD	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%
CBL	C	0.05%
W	D	0.05%
CRK	D	0.05%
UIS	C	0.05%
RGR	F	0.05%
CTS	D	0.05%
TSE	D	0.05%
SJW	C	0.05%
GCO	F	0.05%
PLAY	F	0.05%
SMP	C	0.05%
AZTA	D	0.05%
NOVT	D	0.05%
GPRE	F	0.05%
MYGN	C	0.05%
PRGS	B	0.05%
FHI	B	0.05%
CPS	F	0.05%
SXC	F	0.05%
PAGS	F	0.05%
JBSS	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%
FCPT	A	0.05%
EPRT	A	0.05%
SENEA	B	0.05%
CWH	C	0.05%
RDUS	D	0.05%
PSTG	D	0.05%
CHEF	C	0.05%
WHD	C	0.05%
AEO	F	0.05%
EPAC	B	0.05%
QLYS	F	0.05%
EXPI	C	0.05%
EYE	F	0.05%
ASIX	C	0.05%
CNMD	D	0.05%
LYFT	D	0.05%
GLOB	D	0.05%
MODG	F	0.05%
VSH	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%
MATW	F	0.04%
SBSI	C	0.04%
SHEN	F	0.04%
TEN	C	0.04%
UTL	B	0.04%
RES	F	0.04%
SPSC	D	0.04%
TNK	D	0.04%
SEB	C	0.04%
EVRI	C	0.04%
EBF	B	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%
BRC	B	0.04%
RGEN	F	0.04%
WOOF	C	0.04%
MTUS	F	0.04%
LNN	C	0.04%
HVT	D	0.04%
WTTR	D	0.04%
WRLD	D	0.04%
CLVT	D	0.04%
USNA	F	0.04%
LKFN	C	0.04%
CNNE	D	0.04%
EGBN	C	0.04%
CPF	B	0.04%
GDOT	C	0.04%
ETH	F	0.04%
TBI	F	0.04%
CMCO	F	0.04%
LIVN	D	0.04%
EVTC	D	0.04%
UVE	B	0.04%
CFFN	D	0.04%
AHCO	B	0.04%
CLW	F	0.04%
TUP	F	0.04%
STEP	B	0.04%
ICHR	F	0.04%
PODD	B	0.04%
BRBR	C	0.04%
IART	F	0.04%
BRSP	D	0.03%
PLOW	C	0.03%
RUN	C	0.03%
DHIL	C	0.03%
CRGY	F	0.03%
SNOW	F	0.03%
HAFC	C	0.03%
TMP	C	0.03%
ARCO	F	0.03%
TPIC	D	0.03%
WASH	B	0.03%
ALTO	D	0.03%
HFWA	C	0.03%
CLB	D	0.03%
CSV	C	0.03%
UFCS	D	0.03%
BJRI	D	0.03%
WABC	D	0.03%
IVT	B	0.03%
DBI	F	0.03%
SGRY	C	0.03%
BRKL	C	0.03%
ZI	D	0.03%
MTW	F	0.03%
SRCE	C	0.03%
AMC	D	0.03%
PEN	D	0.03%
SSTK	F	0.03%
BANF	B	0.03%
OPK	C	0.03%
OPI	F	0.03%
HAYW	D	0.03%
BRY	F	0.03%
CNOB	B	0.03%
LSCC	D	0.03%
GNK	D	0.03%
SHYF	D	0.03%
PFC	C	0.03%
WOW	D	0.03%
ALKS	C	0.03%
TCBK	C	0.03%
HASI	B	0.03%
PZZA	D	0.03%
CSR	C	0.03%
TDOC	D	0.03%
IPAR	D	0.03%
OCFC	B	0.03%
AVO	B	0.03%
ALRM	F	0.03%
MERC	F	0.03%
RKT	B	0.03%
HSII	C	0.03%
ZEUS	F	0.03%
MED	F	0.02%
MXL	F	0.02%
PLCE	D	0.02%
VIR	F	0.02%
MOV	F	0.02%
AGL	F	0.02%
OKTA	F	0.02%
DIN	F	0.02%
GDEN	D	0.02%
LEVI	C	0.02%
GTLS	F	0.02%
VREX	F	0.02%
DENN	F	0.02%
SFBS	B	0.02%
SBCF	C	0.02%
PRVA	F	0.02%
LYV	C	0.02%
KNSL	C	0.02%
OIS	F	0.02%
ATNI	C	0.02%
VRTS	D	0.02%
IRBT	F	0.02%
TITN	F	0.02%
CMP	F	0.02%
ALGT	F	0.02%
CALX	D	0.02%
DT	C	0.02%
XPRO	F	0.02%
USPH	F	0.02%
FLGT	D	0.02%
CCRN	F	0.02%
MYE	F	0.02%
FLWS	D	0.02%
DAY	C	0.02%
RNST	D	0.02%
CTRN	F	0.02%
KRNY	D	0.02%
TKO	B	0.02%
RYAM	B	0.02%
SRI	F	0.02%
ARKO	D	0.02%
CLDT	D	0.02%
CTRE	A	0.02%
HLIO	D	0.02%
CLOV	C	0.02%
ASTH	B	0.02%
AMBC	F	0.02%
CMTG	F	0.02%
MEI	F	0.02%
MODV	F	0.02%
FIZZ	F	0.02%
CCSI	C	0.02%
RC	F	0.02%
NPK	C	0.02%
TOST	C	0.02%
RGP	D	0.02%
GTY	A	0.02%
INMD	D	0.01%
TTEC	F	0.01%
DNUT	D	0.01%
HAYN	D	0.01%
MGPI	C	0.01%
ONEW	F	0.01%
EVH	C	0.01%
PEBO	C	0.01%
SPWH	D	0.01%
LXU	D	0.01%
TBBK	B	0.01%
NIC	C	0.01%
PFBC	C	0.01%
REX	D	0.01%
NBHC	D	0.01%
FBK	B	0.01%
VTOL	D	0.01%
HLNE	B	0.01%
AMRC	C	0.01%
IIPR	A	0.01%
HOV	C	0.01%
CMTL	D	0.01%
BHLB	C	0.01%
IIIN	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%
AMSF	C	0.01%
PETS	D	0.01%
GPRO	F	0.01%
MP	D	0.01%
WMG	D	0.01%
PKST	C	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%
WTI	F	0.0%
GIC	D	0.0%
CRNC	F	0.0%
TWI	D	0.0%
GSM	F	0.0%
AMPH	C	0.0%
CENT	D	0.0%
MSBI	D	0.0%

FNDA Underweight 104 Positions Relative to DWAS

Symbol	Grade	Weight
ADMA	C	-2.23%
NPAB	D	-2.04%
LMB	C	-1.45%
UFPT	C	-1.37%
TRNS	C	-1.2%
TDW	F	-1.06%
OSCR	C	-0.9%
KNTK	A	-0.9%
RNA	D	-0.83%
RXST	C	-0.8%
DAKT	D	-0.8%
VIRC	C	-0.79%
BELFB	C	-0.75%
CECO	C	-0.7%
USAP	C	-0.65%
AMSC	D	-0.64%
AMRX	B	-0.64%
KRYS	D	-0.62%
SFM	B	-0.62%
NRIX	B	-0.59%
ZETA	B	-0.58%
ASPN	D	-0.56%
NBN	C	-0.53%
SPRY	C	-0.51%
PETQ	A	-0.5%
TREE	C	-0.49%
BCC	C	-0.48%
MLI	B	-0.48%
TRAK	B	-0.47%
GTX	D	-0.47%
QTWO	B	-0.46%
SGBX	F	-0.46%
DYN	D	-0.46%
TDS	B	-0.45%
NGVC	B	-0.45%
SILK	A	-0.45%
JXN	B	-0.44%
MTG	B	-0.44%
UTI	D	-0.44%
ALKT	D	-0.44%
INSM	D	-0.44%
GKOS	D	-0.43%
RUSHA	C	-0.43%
SPNT	C	-0.43%
RYAN	C	-0.43%
SMR	D	-0.43%
ALSN	B	-0.43%
EZPW	D	-0.42%
STOK	C	-0.42%
CRNX	C	-0.42%
AGYS	D	-0.41%
RYTM	C	-0.41%
ATRO	D	-0.41%
CRDO	D	-0.41%
KBH	B	-0.41%
USLM	B	-0.41%
BDTX	D	-0.41%
GATO	B	-0.4%
LPX	B	-0.4%
AVAV	D	-0.4%
MBIN	C	-0.4%
MEC	B	-0.39%
BECN	D	-0.39%
LMAT	B	-0.39%
TMDX	D	-0.39%
PI	B	-0.39%
FRPT	B	-0.39%
APEI	D	-0.39%
SMHI	F	-0.38%
VERX	D	-0.38%
ORN	F	-0.38%
RDW	D	-0.38%
ANIP	F	-0.37%
MRUS	D	-0.37%
INOD	D	-0.37%
ULH	C	-0.37%
ACVA	B	-0.36%
MLR	D	-0.36%
PCT	C	-0.35%
APPF	D	-0.35%
LRMR	F	-0.35%
FOR	D	-0.34%
THRD	C	-0.34%
RSI	C	-0.34%
KURA	C	-0.34%
ARLO	F	-0.34%
KD	D	-0.33%
BPMC	F	-0.32%
TWST	D	-0.32%
VITL	D	-0.32%
GPOR	C	-0.32%
BLBD	C	-0.31%
ALTR	D	-0.31%
FSTR	D	-0.29%
NSSC	D	-0.29%
JILL	F	-0.28%
RCKY	C	-0.28%
SGC	D	-0.27%
CLSK	F	-0.26%
VECO	F	-0.25%
HIMS	D	-0.24%
ARHS	F	-0.24%
PEPG	F	-0.22%
VRCA	F	-0.1%