FNDA vs. FDL ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to First Trust Morningstar ETF (FDL)

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

$58.90

Average Daily Volume

254,347

Number of Holdings ^*

995

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.80

Average Daily Volume

461,803

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FDL
30 Days	0.36%	1.40%
60 Days	4.81%	5.22%
90 Days	8.07%	11.98%
12 Months	24.86%	32.99%

25 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FDL	Overlap
AGR	C	0.15%	0.08%	0.08%
ALE	A	0.17%	0.11%	0.11%
APAM	C	0.14%	0.12%	0.12%
ASB	F	0.18%	0.09%	0.09%
AVA	B	0.17%	0.11%	0.11%
BKH	B	0.24%	0.14%	0.14%
CATY	D	0.14%	0.08%	0.08%
COLB	C	0.17%	0.27%	0.17%
FHB	D	0.17%	0.1%	0.1%
FHI	C	0.1%	0.08%	0.08%
FIBK	D	0.11%	0.14%	0.11%
GEF	C	0.15%	0.01%	0.01%
LCII	B	0.2%	0.08%	0.08%
MSM	D	0.13%	0.1%	0.1%
NJR	C	0.18%	0.12%	0.12%
NWE	A	0.18%	0.11%	0.11%
OGS	A	0.2%	0.11%	0.11%
OZK	F	0.18%	0.13%	0.13%
PNM	B	0.19%	0.1%	0.1%
SMG	B	0.23%	0.08%	0.08%
SR	A	0.2%	0.13%	0.13%
TNL	B	0.13%	0.09%	0.09%
UBSI	D	0.17%	0.16%	0.16%
VLY	C	0.18%	0.17%	0.17%
WEN	C	0.13%	0.12%	0.12%

FNDA Overweight 970 Positions Relative to FDL

Symbol	Grade	Weight
SATS	C	0.5%
ANF	D	0.36%
RCL	C	0.35%
UTHR	B	0.31%
FICO	C	0.31%
MHO	A	0.29%
FLS	B	0.27%
GME	D	0.27%
MAC	B	0.27%
OHI	C	0.27%
WAL	C	0.27%
HCC	D	0.27%
UAL	B	0.27%
SLVM	C	0.26%
CRUS	D	0.26%
CLH	C	0.26%
TXRH	B	0.26%
PRG	C	0.26%
SF	A	0.26%
SWX	C	0.26%
DY	C	0.26%
BKU	D	0.26%
SIG	C	0.25%
KMPR	D	0.25%
WWD	B	0.25%
VLTO	C	0.25%
RDN	D	0.25%
SPB	B	0.24%
CRS	B	0.24%
HEI	C	0.24%
AIT	A	0.24%
COIN	F	0.24%
SCCO	B	0.24%
FIX	B	0.23%
AVNT	B	0.23%
UNIT	C	0.23%
Z	C	0.23%
BWXT	A	0.23%
CCS	C	0.23%
CBT	B	0.23%
TTEK	B	0.23%
UAA	B	0.23%
XPO	F	0.23%
FRT	B	0.23%
DEI	A	0.22%
SEM	D	0.22%
RXO	D	0.22%
CWK	C	0.22%
ELAN	D	0.22%
HIW	C	0.22%
AGNC	C	0.22%
PLXS	B	0.22%
VMI	B	0.22%
KRC	C	0.22%
FCN	B	0.22%
ENS	C	0.21%
WBS	D	0.21%
CR	C	0.21%
BHE	C	0.21%
ELS	D	0.21%
GEO	F	0.21%
AMKR	F	0.21%
KFY	C	0.21%
GHC	B	0.21%
HRI	B	0.21%
COLD	D	0.21%
ESI	B	0.21%
GVA	B	0.21%
MOG.A	B	0.21%
DBRG	D	0.21%
CROX	C	0.21%
COOP	C	0.21%
VSCO	C	0.21%
IDA	B	0.2%
KEX	C	0.2%
STC	C	0.2%
INCY	B	0.2%
SBH	B	0.2%
BYD	C	0.2%
FDS	C	0.2%
PATK	B	0.2%
GMS	D	0.2%
SHOO	A	0.2%
VIRT	C	0.2%
FNB	D	0.2%
ASH	F	0.2%
SAIA	D	0.2%
MAT	C	0.2%
WH	C	0.2%
VRT	B	0.2%
TPC	B	0.2%
AWI	A	0.2%
PB	D	0.2%
LOPE	D	0.2%
CUBE	C	0.2%
GATX	D	0.2%
FDP	B	0.2%
RPRX	B	0.2%
CFR	D	0.19%
FUL	F	0.19%
NYT	B	0.19%
URBN	F	0.19%
PINC	F	0.19%
AMH	D	0.19%
SN	B	0.19%
PCH	C	0.19%
JELD	D	0.19%
MC	C	0.19%
TEX	F	0.19%
VSTS	D	0.19%
ARCB	D	0.19%
DTM	A	0.19%
KNF	C	0.19%
SKYW	B	0.19%
TRN	C	0.19%
SRCL	B	0.19%
CUZ	C	0.19%
OMI	F	0.19%
WYNN	B	0.19%
LFUS	C	0.19%
SBRA	C	0.19%
ADTN	C	0.19%
CADE	D	0.19%
WTFC	C	0.19%
MTCH	C	0.19%
ENTG	D	0.19%
NVST	D	0.19%
PFSI	C	0.19%
PNFP	D	0.19%
LITE	C	0.19%
IMKTA	F	0.19%
SPR	D	0.19%
ZM	B	0.19%
EEFT	F	0.18%
LGIH	C	0.18%
HXL	F	0.18%
CSGP	F	0.18%
TTMI	D	0.18%
PSMT	B	0.18%
BCO	A	0.18%
NOMD	D	0.18%
PDCO	F	0.18%
MPWR	C	0.18%
SSD	C	0.18%
HWC	D	0.18%
CBSH	D	0.18%
ACA	C	0.18%
NNN	A	0.18%
COLM	B	0.18%
BIO	B	0.18%
ESNT	C	0.18%
GIII	C	0.18%
TROX	D	0.17%
BDC	B	0.17%
WD	C	0.17%
LNW	F	0.17%
APLE	D	0.17%
WMK	D	0.17%
SVC	F	0.17%
THS	C	0.17%
RH	C	0.17%
CRC	B	0.17%
SITE	D	0.17%
WGO	D	0.17%
VVV	D	0.17%
HLI	B	0.17%
MOD	C	0.17%
ACIW	A	0.17%
ATGE	C	0.17%
CXW	F	0.17%
UNF	B	0.17%
CALM	A	0.17%
JBLU	B	0.17%
OLLI	C	0.17%
KMT	C	0.17%
HNI	B	0.17%
SPOT	B	0.17%
HP	F	0.17%
BXMT	C	0.16%
FSLR	C	0.16%
LZB	C	0.16%
SKY	A	0.16%
LAUR	C	0.16%
SCS	D	0.16%
FND	B	0.16%
PHIN	D	0.16%
WMS	D	0.16%
UVV	C	0.16%
DASH	B	0.16%
GBX	C	0.16%
DHC	B	0.16%
SMCI	F	0.16%
ENVA	C	0.16%
SLAB	D	0.16%
OUT	C	0.16%
ACHC	F	0.16%
SLG	C	0.15%
MTX	D	0.15%
CHDN	D	0.15%
SFNC	C	0.15%
TDC	D	0.15%
MLKN	F	0.15%
IGT	F	0.15%
AGO	D	0.15%
COKE	B	0.15%
MTDR	F	0.15%
ONB	D	0.15%
CNX	A	0.15%
NOW	C	0.15%
UMBF	C	0.15%
PTEN	F	0.15%
CACC	F	0.15%
EPR	C	0.15%
CGNX	F	0.15%
VNT	F	0.15%
ESAB	C	0.15%
SIGI	D	0.15%
NEU	F	0.15%
WEX	C	0.15%
BFAM	C	0.15%
HE	F	0.15%
EXEL	C	0.15%
VEEV	C	0.15%
RYN	C	0.15%
FWRD	D	0.15%
WAFD	D	0.15%
SXT	C	0.15%
PIPR	C	0.15%
WTM	D	0.15%
ROL	B	0.15%
RGLD	C	0.14%
TYL	C	0.14%
SAH	D	0.14%
RNR	A	0.14%
PLUS	C	0.14%
APP	B	0.14%
LBRT	F	0.14%
SLGN	A	0.14%
DLB	D	0.14%
CVCO	A	0.14%
ENSG	D	0.14%
MKTX	C	0.14%
SUM	D	0.14%
MASI	C	0.14%
WTS	B	0.14%
IAC	C	0.14%
YELP	F	0.14%
AMR	F	0.14%
ZD	D	0.14%
ICUI	B	0.14%
GBCI	D	0.14%
JBGS	C	0.14%
HRB	C	0.14%
COMM	C	0.14%
NMRK	B	0.14%
GTES	C	0.14%
KTB	B	0.14%
B	D	0.14%
CBRL	D	0.14%
H	C	0.14%
ARES	B	0.14%
VSTO	D	0.13%
CNK	C	0.13%
BRKR	D	0.13%
FELE	B	0.13%
DBX	C	0.13%
VRSN	C	0.13%
JAZZ	F	0.13%
EAT	A	0.13%
ITRI	C	0.13%
APO	A	0.13%
RRC	D	0.13%
TWLO	C	0.13%
AROC	C	0.13%
PPC	A	0.13%
TPG	C	0.13%
LILAK	D	0.13%
CVLT	C	0.13%
ANDE	D	0.13%
EBS	D	0.13%
SMTC	C	0.13%
CNM	F	0.13%
DIOD	F	0.13%
SNDR	C	0.13%
CEIX	B	0.13%
AMN	F	0.13%
BLD	C	0.13%
AMED	D	0.13%
APG	F	0.13%
SCL	D	0.13%
AMWD	C	0.13%
DNOW	F	0.13%
MMS	A	0.13%
HPP	F	0.13%
ETSY	F	0.13%
GMED	D	0.13%
WDAY	D	0.12%
BOH	F	0.12%
IBP	C	0.12%
BGC	B	0.12%
CRL	F	0.12%
MANH	C	0.12%
FR	C	0.12%
EXLS	B	0.12%
PTC	D	0.12%
CHX	F	0.12%
TNET	F	0.12%
RLI	A	0.12%
CABO	F	0.12%
ECPG	F	0.12%
ITGR	C	0.12%
TECH	B	0.12%
DRH	D	0.12%
FSS	B	0.12%
APOG	B	0.12%
DNB	D	0.12%
STAG	D	0.12%
CHRD	F	0.12%
ABCB	C	0.12%
WTRG	D	0.12%
TPL	B	0.12%
TCBI	C	0.12%
TREX	D	0.12%
KAR	D	0.12%
IOSP	F	0.12%
FULT	D	0.12%
HELE	D	0.12%
OPCH	D	0.12%
AIR	D	0.12%
FTI	B	0.12%
JWN	D	0.12%
ABNB	D	0.12%
RLJ	D	0.12%
RIG	F	0.12%
AEO	C	0.12%
BOOT	B	0.12%
IPGP	D	0.12%
ATKR	F	0.12%
MCY	B	0.12%
CHE	B	0.12%
VGR	C	0.11%
FN	C	0.11%
NGVT	D	0.11%
DDS	D	0.11%
IDCC	A	0.11%
LRN	C	0.11%
FIVE	D	0.11%
HGV	F	0.11%
SHO	D	0.11%
CPNG	C	0.11%
HOPE	D	0.11%
DORM	C	0.11%
PECO	C	0.11%
MWA	B	0.11%
CIVI	F	0.11%
RYI	F	0.11%
HLF	F	0.11%
WSC	D	0.11%
XHR	C	0.11%
HTH	D	0.11%
PLNT	C	0.11%
PSN	A	0.11%
AXS	A	0.11%
EPC	F	0.11%
COMP	C	0.11%
VSH	F	0.11%
ESRT	C	0.1%
BCPC	C	0.1%
ROKU	D	0.1%
NHI	C	0.1%
CBU	D	0.1%
SSB	C	0.1%
IBOC	D	0.1%
NHC	D	0.1%
AM	A	0.1%
HL	C	0.1%
NTCT	C	0.1%
HEES	D	0.1%
ICFI	C	0.1%
MSA	D	0.1%
KALU	D	0.1%
AIN	D	0.1%
PBH	D	0.1%
PINS	D	0.1%
VIAV	C	0.1%
PLTR	C	0.1%
FFBC	D	0.1%
PPBI	D	0.1%
LANC	F	0.1%
VC	F	0.1%
CWEN	A	0.1%
BANR	C	0.1%
WWW	B	0.1%
JBT	B	0.1%
BOKF	D	0.1%
ABR	B	0.1%
AZZ	C	0.1%
MORN	C	0.1%
AEIS	D	0.1%
KRG	C	0.1%
SKT	A	0.1%
ENOV	F	0.1%
WOR	F	0.09%
DXCM	F	0.09%
RRR	D	0.09%
EIG	B	0.09%
CDE	C	0.09%
WSFS	D	0.09%
AX	D	0.09%
HTLF	C	0.09%
ERIE	A	0.09%
AZEK	B	0.09%
GNL	D	0.09%
STRL	C	0.09%
OLED	C	0.09%
POWI	F	0.09%
PRIM	C	0.09%
RBC	B	0.09%
SYNA	F	0.09%
REXR	D	0.09%
ALEX	D	0.09%
BLMN	F	0.09%
MGEE	A	0.09%
STRA	F	0.09%
SASR	C	0.09%
ONTO	C	0.09%
WSBC	D	0.09%
DOLE	C	0.09%
TW	A	0.09%
UCTT	D	0.09%
MMSI	C	0.09%
ROCK	D	0.09%
HAE	D	0.09%
EGP	D	0.09%
BMRN	F	0.09%
GFF	B	0.09%
SCSC	D	0.09%
OSIS	B	0.09%
PFS	D	0.09%
CENTA	F	0.09%
PMT	B	0.09%
UCBI	C	0.09%
KELYA	D	0.09%
HI	F	0.09%
NPO	C	0.09%
CVBF	D	0.09%
IBKR	A	0.09%
LXP	D	0.09%
HOMB	D	0.09%
RHP	C	0.09%
TRMK	D	0.09%
PBI	C	0.09%
PDM	C	0.09%
BXC	D	0.09%
OTTR	F	0.09%
JACK	F	0.09%
CNXN	C	0.09%
UE	B	0.09%
ENR	B	0.09%
ORA	B	0.09%
SAM	D	0.09%
BKE	C	0.09%
ATI	B	0.09%
TALO	F	0.08%
NSA	C	0.08%
KN	D	0.08%
HWKN	A	0.08%
NWBI	D	0.08%
ROG	D	0.08%
NMIH	C	0.08%
LBRDK	C	0.08%
CXT	F	0.08%
LADR	D	0.08%
INDB	D	0.08%
SAFT	D	0.08%
RNG	F	0.08%
PRDO	D	0.08%
VSAT	F	0.08%
CSGS	C	0.08%
FTDR	C	0.08%
EXPO	B	0.08%
PAYC	D	0.08%
FRME	D	0.08%
WNC	F	0.08%
ALIT	D	0.08%
TOWN	D	0.08%
AMRK	B	0.08%
CCOI	B	0.08%
CHH	C	0.08%
KOS	F	0.08%
RAMP	F	0.08%
MYRG	F	0.08%
BKD	D	0.08%
AKR	B	0.08%
ESE	B	0.08%
THRM	F	0.08%
SCHL	D	0.08%
PEB	D	0.08%
YETI	D	0.08%
CWT	D	0.08%
CORT	B	0.08%
FFIN	D	0.08%
IBTX	D	0.08%
GO	F	0.08%
KFRC	F	0.08%
MGY	C	0.08%
KLG	D	0.08%
ARI	F	0.08%
KW	C	0.08%
MGRC	D	0.08%
OPEN	F	0.08%
IRDM	C	0.08%
NSP	F	0.08%
NWN	B	0.08%
NNI	C	0.07%
CWH	C	0.07%
HHH	B	0.07%
FOXF	F	0.07%
AAT	C	0.07%
LGF.A	F	0.07%
CAL	F	0.07%
CARG	C	0.07%
BNL	B	0.07%
NBTB	D	0.07%
NX	F	0.07%
CPK	B	0.07%
ZWS	A	0.07%
SNBR	C	0.07%
GCI	C	0.07%
KOP	F	0.07%
MRCY	C	0.07%
BMI	A	0.07%
CNA	D	0.07%
TNC	F	0.07%
HALO	D	0.07%
SABR	C	0.07%
PTVE	D	0.07%
ENPH	D	0.07%
DFIN	D	0.07%
OXM	F	0.07%
REYN	C	0.07%
IRT	C	0.07%
GPRE	F	0.07%
BRC	C	0.07%
GES	F	0.07%
TTD	C	0.07%
EXPI	C	0.07%
SEB	D	0.07%
EYE	F	0.07%
ROIC	B	0.07%
ALG	D	0.07%
MRTN	D	0.07%
COTY	F	0.07%
REVG	D	0.07%
OMCL	C	0.07%
HLX	D	0.07%
ADC	B	0.07%
CVI	F	0.07%
AAON	B	0.07%
FORM	F	0.07%
MODG	F	0.07%
CNS	C	0.07%
CBZ	F	0.07%
PRK	D	0.07%
OII	D	0.07%
PLAB	D	0.07%
CSWI	B	0.07%
KAI	C	0.07%
JJSF	A	0.07%
GOLF	F	0.07%
BDN	A	0.07%
MTRN	F	0.07%
DEA	D	0.06%
GRBK	B	0.06%
PLAY	D	0.06%
SONO	D	0.06%
HURN	C	0.06%
ESGR	D	0.06%
VBTX	C	0.06%
ALGT	D	0.06%
PJT	C	0.06%
KTOS	A	0.06%
CUBI	F	0.06%
EMBC	D	0.06%
WDFC	C	0.06%
FBP	D	0.06%
TDOC	D	0.06%
ADUS	C	0.06%
PRGS	B	0.06%
AXL	F	0.06%
MMI	C	0.06%
ENV	C	0.06%
CSTM	D	0.06%
CRK	C	0.06%
HQY	B	0.06%
CASH	D	0.06%
GFS	F	0.06%
CNMD	D	0.06%
VRRM	D	0.06%
BUSE	D	0.06%
BSIG	C	0.06%
ROAD	C	0.06%
CNXC	F	0.06%
QLYS	F	0.06%
MD	B	0.06%
MELI	C	0.06%
BLKB	C	0.06%
EBC	D	0.06%
TRS	D	0.06%
MEDP	F	0.06%
AUB	D	0.06%
FCF	D	0.06%
CAKE	B	0.06%
NBIX	F	0.06%
AWR	B	0.06%
PGRE	D	0.06%
TRIP	F	0.06%
STBA	D	0.06%
KWR	D	0.06%
HMN	C	0.06%
GWRE	A	0.06%
OEC	F	0.06%
DLX	F	0.06%
W	D	0.06%
SXI	B	0.06%
BSY	D	0.06%
PR	F	0.06%
FBNC	D	0.05%
CNDT	B	0.05%
PODD	C	0.05%
ATSG	C	0.05%
INSW	C	0.05%
MYGN	D	0.05%
MRC	D	0.05%
LSCC	D	0.05%
COHU	F	0.05%
SUPN	D	0.05%
MATV	D	0.05%
CODI	D	0.05%
ACLS	F	0.05%
NTB	D	0.05%
HAYW	B	0.05%
KLIC	D	0.05%
LIVN	D	0.05%
AMCX	F	0.05%
HTLD	F	0.05%
FCPT	C	0.05%
AY	B	0.05%
PTON	D	0.05%
NTGR	C	0.05%
PRFT	A	0.05%
TSE	C	0.05%
NEOG	D	0.05%
SJW	D	0.05%
EPAC	C	0.05%
ICHR	F	0.05%
CMCO	D	0.05%
CCO	D	0.05%
JBSS	F	0.05%
NVRI	D	0.05%
CTS	D	0.05%
NOVT	D	0.05%
ECVT	F	0.05%
SGH	F	0.05%
EXAS	C	0.05%
HZO	C	0.05%
LYFT	D	0.05%
WING	B	0.05%
AZTA	F	0.05%
CWST	D	0.05%
SMPL	D	0.05%
BGS	D	0.05%
PSTG	F	0.05%
TRNO	D	0.05%
CHEF	B	0.05%
EFSC	D	0.05%
WHD	B	0.05%
EPRT	C	0.05%
HCSG	D	0.05%
HAIN	C	0.05%
BV	B	0.05%
IART	F	0.05%
TILE	B	0.05%
SSTK	F	0.04%
ASTH	B	0.04%
CRGY	D	0.04%
VAL	F	0.04%
SXC	F	0.04%
CMTG	F	0.04%
OFG	D	0.04%
IPAR	D	0.04%
SPSC	D	0.04%
NBR	F	0.04%
PUMP	F	0.04%
VCTR	C	0.04%
ASIX	B	0.04%
HMST	B	0.04%
NOG	D	0.04%
IVT	B	0.04%
ZUMZ	D	0.04%
PZZA	D	0.04%
SWBI	F	0.04%
CNSL	A	0.04%
LKFN	D	0.04%
MATX	B	0.04%
NVEE	F	0.04%
AAN	D	0.04%
AAL	D	0.04%
WFRD	F	0.04%
ILPT	D	0.04%
AGX	B	0.04%
SCVL	C	0.04%
HLIO	C	0.04%
INVA	B	0.04%
RNST	D	0.04%
DHT	B	0.04%
PRAA	F	0.04%
VRTS	F	0.04%
ZI	D	0.04%
STNG	D	0.04%
GLNG	A	0.04%
RGEN	F	0.04%
TOST	B	0.04%
CMPR	F	0.04%
SFL	D	0.04%
LEVI	B	0.04%
LNN	B	0.04%
SNAP	D	0.04%
LTC	C	0.04%
AGRO	B	0.04%
RES	D	0.04%
ALK	B	0.04%
PARR	F	0.04%
RDUS	D	0.04%
ACCO	C	0.04%
RKT	B	0.04%
BRBR	B	0.04%
SGRY	C	0.04%
CHCO	D	0.04%
BZH	B	0.04%
GTN	D	0.04%
LPG	F	0.04%
GTLS	F	0.04%
SBCF	D	0.03%
MTUS	F	0.03%
AGM	F	0.03%
PRVA	F	0.03%
WTTR	D	0.03%
USNA	F	0.03%
KNSL	D	0.03%
CNNE	F	0.03%
WRLD	D	0.03%
TBI	F	0.03%
HVT	F	0.03%
DAC	B	0.03%
AHCO	B	0.03%
GLDD	B	0.03%
CLVT	D	0.03%
EGBN	C	0.03%
CPF	C	0.03%
GDOT	C	0.03%
GDEN	D	0.03%
CFFN	D	0.03%
STNE	F	0.03%
EVTC	D	0.03%
CLW	F	0.03%
CMRE	C	0.03%
AGL	F	0.03%
WOOF	C	0.03%
ETD	B	0.03%
IHRT	C	0.03%
UVE	C	0.03%
XPRO	F	0.03%
CALX	C	0.03%
CVGW	B	0.03%
XP	F	0.03%
LYV	A	0.03%
STEP	A	0.03%
CBL	D	0.03%
DT	C	0.03%
ASTE	F	0.03%
TKO	C	0.03%
SNOW	F	0.03%
MXL	F	0.03%
RWT	C	0.03%
MP	C	0.03%
CTRE	B	0.03%
AMC	F	0.03%
RUN	D	0.03%
PAGS	F	0.03%
USM	C	0.03%
ZIMV	F	0.03%
DXPE	B	0.03%
RGR	F	0.03%
RDNT	C	0.03%
TRTX	D	0.03%
PRA	C	0.03%
SMP	D	0.03%
CARS	F	0.03%
GLOB	D	0.03%
PEN	D	0.03%
SFBS	D	0.03%
MNRO	C	0.03%
VRNT	F	0.03%
THRY	F	0.03%
EAF	D	0.03%
SENEA	C	0.03%
CPS	F	0.03%
ALRM	F	0.03%
UIS	D	0.03%
RC	F	0.03%
GCO	F	0.03%
NUS	F	0.03%
SBLK	B	0.03%
RGP	F	0.02%
CLDT	D	0.02%
NPK	F	0.02%
CLOV	C	0.02%
IRBT	F	0.02%
AMBC	F	0.02%
GTY	B	0.02%
RYAM	B	0.02%
BRSP	D	0.02%
FIZZ	C	0.02%
PLOW	C	0.02%
ARKO	C	0.02%
DHIL	C	0.02%
HAFC	D	0.02%
CCSI	C	0.02%
IRWD	F	0.02%
CTRN	D	0.02%
TMP	D	0.02%
HFWA	D	0.02%
WOLF	F	0.02%
WASH	D	0.02%
CSV	C	0.02%
ARCO	D	0.02%
MEI	D	0.02%
CMP	D	0.02%
SFIX	F	0.02%
WABC	F	0.02%
BRKL	D	0.02%
BANF	D	0.02%
OPK	D	0.02%
BRY	F	0.02%
PLCE	D	0.02%
SRCE	D	0.02%
UFCS	D	0.02%
PFC	D	0.02%
CLB	D	0.02%
OPI	F	0.02%
CNOB	C	0.02%
MTW	F	0.02%
CSR	D	0.02%
TCBK	D	0.02%
SHYF	D	0.02%
BJRI	D	0.02%
ALTO	D	0.02%
HASI	C	0.02%
ALKS	C	0.02%
WOW	D	0.02%
TPIC	C	0.02%
AVO	C	0.02%
EDR	A	0.02%
PRLB	F	0.02%
WMG	D	0.02%
GNK	C	0.02%
MATW	F	0.02%
OCFC	C	0.02%
HSII	B	0.02%
BBSI	A	0.02%
DCO	B	0.02%
ZEUS	F	0.02%
UTL	C	0.02%
SBSI	D	0.02%
KREF	C	0.02%
MERC	D	0.02%
SHEN	F	0.02%
EVRI	B	0.02%
RMBS	F	0.02%
TEN	D	0.02%
OKTA	F	0.02%
EBF	B	0.02%
CRAI	B	0.02%
PEGA	C	0.02%
VIR	F	0.02%
AVNS	C	0.02%
DBI	F	0.02%
VSEC	D	0.02%
TNK	D	0.02%
VTOL	D	0.01%
LGND	D	0.01%
HLNE	A	0.01%
HOV	C	0.01%
IIPR	C	0.01%
MBUU	D	0.01%
AMRC	B	0.01%
AOSL	D	0.01%
KE	F	0.01%
LESL	F	0.01%
RILY	F	0.01%
TK	B	0.01%
AVD	F	0.01%
AMSF	B	0.01%
GPRO	D	0.01%
PETS	D	0.01%
CMTL	D	0.01%
PKST	D	0.01%
MODV	F	0.01%
BMBL	F	0.01%
NU	D	0.01%
PRM	B	0.01%
GSL	C	0.01%
SEDG	F	0.01%
CENT	F	0.01%
CRMT	F	0.01%
JRVR	F	0.01%
SSP	F	0.01%
MED	F	0.01%
GPMT	D	0.01%
SSYS	D	0.01%
MOV	F	0.01%
DIN	D	0.01%
VREX	F	0.01%
OIS	F	0.01%
DENN	D	0.01%
FLGT	F	0.01%
CCRN	F	0.01%
SRI	F	0.01%
USPH	F	0.01%
TITN	F	0.01%
MYE	F	0.01%
DAY	C	0.01%
ATNI	C	0.01%
KRNY	D	0.01%
FLWS	F	0.01%
CHGG	F	0.0%
PCRX	F	0.0%
SEG	D	0.0%
WTI	D	0.0%
ALGM	F	0.0%
AMPH	C	0.0%
GIC	D	0.0%
CRNC	F	0.0%
TWI	D	0.0%
HY	F	0.0%
GSM	D	0.0%
MSBI	D	0.0%
TTEC	D	0.0%
DNUT	D	0.0%
PEBO	D	0.0%
INMD	F	0.0%
HAYN	B	0.0%
MGPI	D	0.0%
EVH	D	0.0%
THR	F	0.0%
ONEW	F	0.0%
NIC	D	0.0%
SPWH	D	0.0%
PFBC	D	0.0%
LXU	D	0.0%
FBK	D	0.0%
REX	D	0.0%
CRVL	C	0.0%
TBBK	C	0.0%
NR	F	0.0%
NBHC	D	0.0%
SNEX	C	0.0%
IIIN	F	0.0%
BHLB	D	0.0%

FNDA Underweight 74 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	A	-8.37%
VZ	A	-8.11%
CVX	D	-7.41%
PFE	D	-6.7%
PM	B	-6.17%
IBM	C	-5.1%
MO	B	-4.84%
GILD	A	-3.28%
UPS	D	-3.02%
DUK	B	-2.36%
USB	C	-2.36%
CVS	D	-2.13%
TFC	D	-2.12%
PNC	C	-1.98%
OKE	C	-1.77%
KMI	A	-1.61%
AEP	B	-1.41%
F	D	-1.4%
PRU	C	-1.3%
DOW	B	-1.21%
KMB	B	-1.12%
EXC	A	-1.12%
KHC	B	-1.0%
XEL	A	-0.93%
EIX	A	-0.9%
LYB	D	-0.85%
FANG	F	-0.83%
WEC	A	-0.82%
FITB	C	-0.76%
ES	A	-0.75%
ETR	A	-0.74%
RF	C	-0.72%
HBAN	C	-0.71%
STT	C	-0.67%
TROW	D	-0.67%
KEY	C	-0.64%
FE	A	-0.64%
CFG	D	-0.6%
AEE	A	-0.56%
BBY	B	-0.55%
K	B	-0.53%
CAG	B	-0.49%
CLX	B	-0.48%
EVRG	B	-0.44%
FNF	A	-0.4%
SWK	A	-0.4%
LNT	A	-0.39%
IPG	C	-0.34%
SJM	B	-0.32%
OMF	D	-0.32%
CMA	C	-0.31%
HAS	A	-0.3%
CNH	C	-0.3%
PNW	A	-0.3%
WHR	C	-0.28%
OGE	A	-0.25%
FHN	D	-0.23%
MTN	D	-0.23%
BEN	F	-0.22%
UGI	C	-0.22%
FMC	B	-0.21%
LNC	D	-0.2%
WU	D	-0.19%
SNV	D	-0.18%
FAF	B	-0.18%
ZION	D	-0.18%
NXST	D	-0.15%
JHG	C	-0.15%
POR	B	-0.14%
FLO	C	-0.13%
PRGO	F	-0.1%
MAN	D	-0.09%
CC	D	-0.08%
CRI	D	-0.08%