FNDA vs. FLQS ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS)

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

$56.23

Average Daily Volume

280,383

Number of Holdings ^*

999

* may have additional holdings in another (foreign) market

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$39.62

Average Daily Volume

4,621

Number of Holdings ^*

466

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FLQS
30 Days	3.10%	0.28%
60 Days	2.99%	2.86%
90 Days	2.80%	2.28%
12 Months	14.31%	14.24%

247 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FLQS	Overlap
AAT	B	0.07%	0.18%	0.07%
ACCO	C	0.07%	0.07%	0.07%
ACIW	B	0.19%	0.37%	0.19%
ACLS	F	0.04%	0.43%	0.04%
AEO	D	0.05%	0.51%	0.05%
AIT	C	0.22%	1.02%	0.22%
ALG	D	0.07%	0.25%	0.07%
ALKS	B	0.03%	0.72%	0.03%
AMCX	F	0.09%	0.05%	0.05%
AMN	F	0.14%	0.31%	0.14%
AMR	F	0.11%	0.33%	0.11%
ANF	D	0.46%	0.8%	0.46%
APAM	D	0.13%	0.19%	0.13%
APOG	C	0.12%	0.16%	0.12%
AROC	D	0.13%	0.31%	0.13%
ASB	C	0.2%	0.44%	0.2%
ATGE	C	0.19%	0.37%	0.19%
ATKR	F	0.1%	0.46%	0.1%
AVA	B	0.17%	0.39%	0.17%
AWR	B	0.06%	0.43%	0.06%
BBSI	C	0.04%	0.13%	0.04%
BCO	B	0.18%	0.72%	0.18%
BDC	B	0.15%	0.53%	0.15%
BDN	B	0.11%	0.06%	0.06%
BHE	C	0.22%	0.1%	0.1%
BKE	B	0.09%	0.22%	0.09%
BLKB	B	0.06%	0.49%	0.06%
BLMN	F	0.08%	0.27%	0.08%
BMI	C	0.07%	0.89%	0.07%
BNL	B	0.06%	0.44%	0.06%
BRKL	B	0.03%	0.13%	0.03%
BV	B	0.09%	0.05%	0.05%
BXMT	C	0.14%	0.46%	0.14%
CAKE	C	0.06%	0.35%	0.06%
CAL	B	0.08%	0.23%	0.08%
CALM	B	0.17%	0.43%	0.17%
CALX	D	0.02%	0.27%	0.02%
CARG	B	0.06%	0.3%	0.06%
CBRL	F	0.1%	0.16%	0.1%
CCRN	F	0.02%	0.07%	0.02%
CCSI	B	0.03%	0.06%	0.03%
CEIX	D	0.13%	0.5%	0.13%
CENT	D	0.0%	0.06%	0.0%
CENTA	D	0.09%	0.26%	0.09%
CHCO	B	0.05%	0.22%	0.05%
CMPR	B	0.08%	0.28%	0.08%
CMRE	D	0.04%	0.09%	0.04%
CMTG	F	0.02%	0.05%	0.02%
CNMD	C	0.05%	0.31%	0.05%
CNXN	B	0.09%	0.11%	0.09%
CORT	B	0.07%	0.43%	0.07%
CPF	B	0.04%	0.05%	0.04%
CRAI	D	0.04%	0.15%	0.04%
CRC	D	0.16%	0.53%	0.16%
CRGY	D	0.03%	0.11%	0.03%
CRVL	B	0.01%	0.39%	0.01%
CSGS	C	0.08%	0.23%	0.08%
CSWI	C	0.07%	0.7%	0.07%
CTRE	A	0.02%	0.55%	0.02%
CVBF	D	0.09%	0.29%	0.09%
CVI	F	0.07%	0.1%	0.07%
CVLT	B	0.15%	1.15%	0.15%
CWH	C	0.05%	0.12%	0.05%
CWT	B	0.09%	0.44%	0.09%
DBI	F	0.03%	0.04%	0.03%
DFIN	B	0.07%	0.22%	0.07%
DHT	D	0.06%	0.1%	0.06%
DLX	D	0.1%	0.14%	0.1%
DORM	B	0.12%	0.2%	0.12%
DXPE	B	0.05%	0.11%	0.05%
EBF	B	0.04%	0.1%	0.04%
EGBN	C	0.04%	0.08%	0.04%
EMBC	B	0.1%	0.16%	0.1%
ENR	B	0.1%	0.26%	0.1%
ENVA	B	0.18%	0.26%	0.18%
EPAC	C	0.05%	0.15%	0.05%
EPC	C	0.12%	0.25%	0.12%
EPRT	A	0.05%	0.37%	0.05%
ESE	C	0.08%	0.4%	0.08%
ESNT	B	0.19%	0.94%	0.19%
ETH	F	0.04%	0.12%	0.04%
EXPO	B	0.08%	0.82%	0.08%
FCPT	A	0.05%	0.36%	0.05%
FELE	D	0.12%	0.69%	0.12%
FIZZ	D	0.02%	0.17%	0.02%
FLWS	F	0.02%	0.03%	0.02%
FSS	D	0.12%	0.38%	0.12%
FTDR	B	0.08%	0.52%	0.08%
FWRD	D	0.12%	0.12%	0.12%
GCO	D	0.06%	0.05%	0.05%
GEF	D	0.14%	0.23%	0.14%
GEF	D	0.14%	0.05%	0.05%
GEO	D	0.24%	0.22%	0.22%
GFF	D	0.09%	0.18%	0.09%
GIC	F	0.0%	0.08%	0.0%
GIII	A	0.16%	0.15%	0.15%
GMS	D	0.19%	0.54%	0.19%
GOLF	C	0.08%	0.36%	0.08%
GPMT	D	0.01%	0.01%	0.01%
HCC	F	0.26%	0.42%	0.26%
HEES	F	0.09%	0.2%	0.09%
HELE	D	0.08%	0.16%	0.08%
HI	F	0.1%	0.28%	0.1%
HNI	B	0.19%	0.39%	0.19%
HOMB	B	0.07%	0.61%	0.07%
HOPE	B	0.12%	0.18%	0.12%
HSII	B	0.04%	0.13%	0.04%
HTLD	D	0.05%	0.09%	0.05%
HURN	C	0.06%	0.18%	0.06%
HVT	D	0.04%	0.07%	0.04%
HWKN	B	0.08%	0.24%	0.08%
HY	F	0.0%	0.08%	0.0%
IBP	D	0.1%	0.77%	0.1%
ICFI	B	0.1%	0.46%	0.1%
IDCC	B	0.12%	0.43%	0.12%
IIPR	B	0.01%	0.44%	0.01%
IMKTA	D	0.18%	0.16%	0.16%
INMD	F	0.0%	0.17%	0.0%
INSW	D	0.04%	0.24%	0.04%
INVA	B	0.06%	0.16%	0.06%
IOSP	D	0.12%	0.39%	0.12%
IPAR	D	0.04%	0.39%	0.04%
IRWD	F	0.01%	0.1%	0.01%
JACK	F	0.09%	0.12%	0.09%
JBSS	D	0.05%	0.12%	0.05%
JJSF	C	0.08%	0.31%	0.08%
KAI	D	0.07%	0.52%	0.07%
KELYA	D	0.14%	0.09%	0.09%
KFRC	D	0.09%	0.22%	0.09%
KFY	C	0.21%	0.64%	0.21%
KREF	A	0.03%	0.08%	0.03%
KRNY	D	0.02%	0.02%	0.02%
KTB	B	0.14%	0.72%	0.14%
LANC	D	0.1%	0.44%	0.1%
LCII	B	0.18%	0.37%	0.18%
LILAK	D	0.07%	0.09%	0.07%
LPG	F	0.05%	0.09%	0.05%
LRN	B	0.12%	0.53%	0.12%
LTC	A	0.04%	0.2%	0.04%
LZB	C	0.16%	0.27%	0.16%
MATW	F	0.04%	0.09%	0.04%
MATX	C	0.06%	0.61%	0.06%
MCY	B	0.15%	0.23%	0.15%
MD	B	0.09%	0.15%	0.09%
MED	F	0.02%	0.03%	0.02%
MGEE	B	0.09%	0.42%	0.09%
MGRC	D	0.08%	0.35%	0.08%
MGY	D	0.08%	0.58%	0.08%
MHO	B	0.28%	0.47%	0.28%
MLKN	D	0.18%	0.29%	0.18%
MMSI	A	0.09%	0.67%	0.09%
MNRO	D	0.05%	0.11%	0.05%
MOG.A	C	0.22%	0.68%	0.22%
MOV	F	0.02%	0.06%	0.02%
MRTN	D	0.07%	0.14%	0.07%
MWA	C	0.12%	0.42%	0.12%
MYE	D	0.02%	0.08%	0.02%
NBTB	B	0.08%	0.3%	0.08%
NHC	B	0.11%	0.25%	0.11%
NMIH	B	0.08%	0.44%	0.08%
NOG	D	0.03%	0.46%	0.03%
NPK	D	0.02%	0.05%	0.02%
NSP	F	0.09%	0.46%	0.09%
NTCT	C	0.09%	0.18%	0.09%
NUS	F	0.06%	0.08%	0.06%
NVEE	F	0.04%	0.19%	0.04%
NWBI	B	0.08%	0.23%	0.08%
NWE	A	0.17%	0.44%	0.17%
NWN	B	0.08%	0.2%	0.08%
OCFC	B	0.03%	0.13%	0.03%
OPCH	A	0.11%	0.37%	0.11%
OSIS	C	0.09%	0.34%	0.09%
OTTR	D	0.1%	0.42%	0.1%
OXM	F	0.07%	0.21%	0.07%
PATK	B	0.18%	0.36%	0.18%
PBH	A	0.11%	0.53%	0.11%
PDCO	F	0.17%	0.31%	0.17%
PDM	B	0.14%	0.16%	0.14%
PEBO	C	0.01%	0.14%	0.01%
PFBC	C	0.01%	0.13%	0.01%
PGRE	C	0.1%	0.06%	0.06%
PJT	C	0.05%	0.2%	0.05%
PKST	C	0.01%	0.04%	0.01%
PLUS	B	0.13%	0.37%	0.13%
PLXS	B	0.21%	0.35%	0.21%
PNM	A	0.18%	0.5%	0.18%
PRDO	D	0.08%	0.27%	0.08%
PRGS	B	0.05%	0.35%	0.05%
PRIM	C	0.04%	0.2%	0.04%
PRK	B	0.08%	0.17%	0.08%
PSMT	B	0.18%	0.32%	0.18%
PZZA	C	0.03%	0.22%	0.03%
QLYS	F	0.05%	0.72%	0.05%
REVG	C	0.1%	0.11%	0.1%
RGP	F	0.03%	0.06%	0.03%
RGR	F	0.05%	0.1%	0.05%
RMBS	F	0.01%	0.66%	0.01%
ROIC	B	0.07%	0.23%	0.07%
RYI	F	0.07%	0.07%	0.07%
SAH	C	0.15%	0.13%	0.13%
SBH	B	0.19%	0.24%	0.19%
SCHL	D	0.07%	0.11%	0.07%
SCS	C	0.18%	0.18%	0.18%
SCVL	B	0.05%	0.1%	0.05%
SFL	D	0.07%	0.19%	0.07%
SHOO	C	0.19%	0.51%	0.19%
SIG	F	0.19%	0.53%	0.19%
SIGI	D	0.14%	0.62%	0.14%
SJW	A	0.05%	0.24%	0.05%
SKT	A	0.1%	0.48%	0.1%
SLVM	B	0.28%	0.34%	0.28%
SMP	C	0.05%	0.1%	0.05%
SNBR	C	0.08%	0.02%	0.02%
SONO	F	0.05%	0.19%	0.05%
SPSC	D	0.04%	1.02%	0.04%
SR	B	0.2%	0.43%	0.2%
SRCE	C	0.03%	0.16%	0.03%
SSTK	F	0.03%	0.12%	0.03%
STNG	D	0.06%	0.39%	0.06%
STRA	D	0.09%	0.33%	0.09%
SWBI	D	0.07%	0.09%	0.07%
SWX	D	0.26%	0.66%	0.26%
SXC	F	0.05%	0.1%	0.05%
SXI	C	0.06%	0.28%	0.06%
SXT	C	0.15%	0.44%	0.15%
THR	D	0.01%	0.1%	0.01%
TILE	B	0.08%	0.07%	0.07%
TITN	F	0.02%	0.04%	0.02%
TMP	B	0.03%	0.11%	0.03%
TNC	D	0.07%	0.29%	0.07%
TNET	F	0.11%	0.41%	0.11%
TNK	D	0.04%	0.14%	0.04%
TRTX	C	0.05%	0.08%	0.05%
UNF	C	0.17%	0.35%	0.17%
USNA	F	0.04%	0.07%	0.04%
UTL	B	0.04%	0.12%	0.04%
UVV	B	0.16%	0.19%	0.16%
VCTR	B	0.02%	0.23%	0.02%
VGR	B	0.11%	0.32%	0.11%
VSH	F	0.06%	0.32%	0.06%
WDFC	A	0.06%	0.56%	0.06%
WMK	B	0.17%	0.18%	0.17%
WNC	F	0.08%	0.1%	0.08%
WRLD	D	0.04%	0.07%	0.04%
WTS	D	0.13%	0.77%	0.13%
WWW	A	0.13%	0.14%	0.13%
YELP	F	0.13%	0.36%	0.13%

FNDA Overweight 753 Positions Relative to FLQS

Symbol	Grade	Weight
SATS	A	0.44%
RCL	C	0.4%
CRUS	C	0.33%
UTHR	B	0.33%
FICO	A	0.31%
COIN	F	0.3%
BKU	B	0.3%
KMPR	C	0.29%
GME	C	0.29%
RDN	B	0.28%
OHI	A	0.28%
DY	D	0.27%
TPC	C	0.27%
VLTO	B	0.27%
PRG	B	0.27%
CLH	C	0.27%
WAL	B	0.27%
FLS	C	0.26%
XPO	D	0.26%
TXRH	D	0.26%
MAC	B	0.25%
SF	C	0.25%
TTEK	B	0.25%
SPB	B	0.25%
FRT	A	0.25%
RXO	D	0.25%
SPR	D	0.24%
AGNC	A	0.24%
SPOT	C	0.24%
HEI	B	0.24%
CRS	B	0.24%
WWD	D	0.24%
ELAN	B	0.23%
FCN	C	0.23%
SEM	D	0.23%
AGO	D	0.23%
BKH	A	0.23%
HIW	B	0.23%
LOPE	D	0.22%
PB	B	0.22%
CROX	C	0.22%
VMI	C	0.22%
VIRT	A	0.22%
ELS	A	0.22%
GVA	B	0.22%
GATX	C	0.22%
LNW	B	0.22%
FNB	C	0.22%
COOP	B	0.22%
CBT	B	0.22%
BWXT	C	0.22%
DHC	C	0.22%
AVNT	B	0.22%
CWK	B	0.21%
SCCO	D	0.21%
UAL	C	0.21%
GHC	C	0.21%
STC	B	0.21%
UAA	B	0.21%
AWI	C	0.21%
ESI	D	0.21%
SMG	C	0.21%
CCS	B	0.21%
COLD	B	0.21%
SRCL	A	0.2%
SMCI	F	0.2%
KEX	D	0.2%
ACHC	B	0.2%
AMH	A	0.2%
IDA	A	0.2%
DTM	B	0.2%
SN	A	0.2%
WBS	D	0.2%
RPRX	B	0.2%
ASH	D	0.2%
EBS	D	0.2%
CADE	C	0.2%
WTFC	B	0.2%
HWC	C	0.2%
CR	C	0.2%
FIX	C	0.2%
CUBE	A	0.2%
ENS	D	0.2%
KRC	B	0.2%
FDP	B	0.2%
RNR	A	0.2%
PNFP	B	0.2%
DEI	B	0.2%
CBSH	B	0.2%
UBSI	B	0.19%
MC	B	0.19%
OGS	B	0.19%
PFSI	A	0.19%
MAT	C	0.19%
TEX	D	0.19%
Z	B	0.19%
WH	A	0.19%
NNN	A	0.19%
TTMI	D	0.19%
SBRA	A	0.19%
CXW	D	0.19%
INCY	C	0.19%
CFR	C	0.19%
COLB	B	0.19%
VSCO	A	0.19%
HP	F	0.19%
DBRG	F	0.19%
CUZ	A	0.19%
NYT	C	0.19%
FHB	C	0.19%
TRN	C	0.19%
AMKR	F	0.19%
FUL	C	0.19%
HLI	B	0.18%
WTM	B	0.18%
HRI	D	0.18%
ALE	A	0.18%
MTCH	B	0.18%
ADTN	F	0.18%
AXS	B	0.18%
ZM	B	0.18%
HE	F	0.18%
NOMD	A	0.18%
ENTG	D	0.18%
LFUS	C	0.18%
BIO	A	0.18%
COLM	B	0.18%
URBN	D	0.18%
FDS	C	0.18%
OZK	D	0.18%
EEFT	D	0.18%
PINC	A	0.18%
SAIA	D	0.17%
ACA	D	0.17%
BFAM	B	0.17%
VLY	C	0.17%
VRT	F	0.17%
OLLI	D	0.17%
BYD	B	0.17%
SSD	D	0.17%
UNIT	A	0.17%
KNF	C	0.17%
THS	A	0.17%
CSGP	C	0.17%
VVV	D	0.17%
MOD	C	0.17%
PCH	C	0.17%
WAFD	B	0.17%
OMI	C	0.17%
MPWR	C	0.17%
HXL	F	0.17%
NJR	A	0.17%
ARCB	F	0.17%
GBCI	B	0.16%
PIPR	B	0.16%
APLE	F	0.16%
EXEL	B	0.16%
ONB	C	0.16%
OUT	B	0.16%
COKE	B	0.16%
PTEN	F	0.16%
CACC	F	0.16%
WD	B	0.16%
JELD	F	0.16%
UMBF	B	0.16%
GBX	D	0.16%
PHIN	B	0.16%
GMED	C	0.16%
KMT	D	0.16%
B	D	0.15%
MTDR	F	0.15%
TYL	A	0.15%
SCSC	C	0.15%
SKY	B	0.15%
LGIH	C	0.15%
SUM	D	0.15%
MTX	D	0.15%
H	C	0.15%
SFNC	B	0.15%
NEU	D	0.15%
ENSG	B	0.15%
EPR	B	0.15%
VNT	F	0.15%
NVST	C	0.15%
CNK	A	0.15%
WYNN	D	0.15%
CATY	B	0.15%
VEEV	A	0.15%
SVC	D	0.15%
ROL	B	0.15%
WGO	D	0.15%
FN	C	0.15%
LITE	C	0.15%
CHDN	D	0.15%
PPC	B	0.15%
AGR	B	0.15%
CNXC	C	0.14%
KAR	D	0.14%
HPP	D	0.14%
AMED	B	0.14%
APG	D	0.14%
VSTO	C	0.14%
NMRK	A	0.14%
CGNX	D	0.14%
PBI	C	0.14%
LBRT	D	0.14%
SLAB	D	0.14%
DNOW	D	0.14%
SKYW	D	0.14%
SITE	C	0.14%
VSTS	C	0.14%
EAT	B	0.14%
DASH	B	0.14%
FULT	C	0.14%
ICUI	B	0.14%
LAUR	C	0.14%
ESAB	D	0.14%
JBGS	B	0.14%
COMM	B	0.14%
RYN	B	0.14%
TROX	F	0.14%
STAG	B	0.13%
ABCB	B	0.13%
ITGR	A	0.13%
MKTX	A	0.13%
WEX	C	0.13%
CVCO	B	0.13%
TPG	B	0.13%
BOH	B	0.13%
BGC	B	0.13%
IGT	C	0.13%
WMS	D	0.13%
GTES	C	0.13%
RGLD	C	0.13%
DOLE	B	0.13%
FND	C	0.13%
SNDR	B	0.13%
ARES	C	0.13%
SMTC	B	0.13%
ETSY	F	0.12%
TCBI	A	0.12%
HTH	C	0.12%
HLF	F	0.12%
BRKR	C	0.12%
MASI	D	0.12%
PLNT	A	0.12%
TPL	C	0.12%
TDC	F	0.12%
ZD	F	0.12%
WEN	C	0.12%
RH	F	0.12%
DRH	D	0.12%
FR	B	0.12%
DLB	F	0.12%
SCL	D	0.12%
DIOD	F	0.12%
ECPG	C	0.12%
AIR	D	0.12%
RLJ	F	0.12%
IAC	C	0.12%
DNB	B	0.12%
AMWD	D	0.12%
ITRI	D	0.12%
KRG	B	0.11%
TECH	D	0.11%
AX	C	0.11%
FIBK	B	0.11%
RRC	F	0.11%
SIRI	F	0.11%
RIG	F	0.11%
MORN	C	0.11%
CHX	D	0.11%
PSN	B	0.11%
SHO	D	0.11%
BANR	B	0.11%
IBOC	C	0.11%
XHR	D	0.11%
CBU	B	0.11%
TRMK	B	0.11%
CNM	F	0.11%
PTC	D	0.11%
BOOT	B	0.11%
RLI	B	0.11%
PECO	A	0.11%
FFBC	B	0.11%
CABO	F	0.11%
AMRK	A	0.11%
APP	B	0.11%
TWLO	D	0.11%
MANH	B	0.11%
BOKF	B	0.11%
AZZ	C	0.11%
WDAY	C	0.11%
EXLS	B	0.11%
BMRN	D	0.11%
AM	C	0.1%
WSC	D	0.1%
ALEX	B	0.1%
AEIS	D	0.1%
HGV	D	0.1%
UCBI	B	0.1%
BKD	D	0.1%
VC	F	0.1%
LXP	B	0.1%
IPGP	F	0.1%
VSAT	D	0.1%
ENOV	D	0.1%
DDS	D	0.1%
HTLF	B	0.1%
BCPC	C	0.1%
SLGN	B	0.1%
KALU	F	0.1%
MSA	D	0.1%
TREX	F	0.1%
PPBI	C	0.1%
UE	B	0.1%
AIN	D	0.1%
ESRT	B	0.1%
JBLU	D	0.1%
PFS	B	0.1%
WSBC	B	0.1%
CHRD	F	0.1%
NHI	A	0.1%
RNG	D	0.09%
ABR	B	0.09%
KW	B	0.09%
BSIG	C	0.09%
RBC	C	0.09%
FRME	C	0.09%
CSTM	D	0.09%
SAM	D	0.09%
AKR	B	0.09%
NVRI	C	0.09%
IBKR	B	0.09%
ESGR	D	0.09%
IBTX	B	0.09%
ATI	C	0.09%
JBT	F	0.09%
AXL	F	0.09%
TOWN	B	0.09%
ABNB	F	0.09%
RHP	D	0.09%
CWEN	B	0.09%
PINS	F	0.09%
SASR	B	0.09%
ORA	C	0.09%
PLTR	B	0.09%
EGP	B	0.09%
FBP	B	0.09%
WOR	F	0.09%
NPO	D	0.09%
NGVT	F	0.09%
MELI	B	0.09%
TW	B	0.09%
PMT	C	0.09%
RRR	C	0.09%
GNL	A	0.09%
ARI	C	0.09%
EIG	B	0.09%
WSFS	C	0.09%
GCI	C	0.09%
CIVI	F	0.09%
POWI	F	0.08%
KN	D	0.08%
YETI	D	0.08%
TALO	F	0.08%
ROKU	C	0.08%
NSA	A	0.08%
HRB	B	0.08%
HALO	B	0.08%
NTB	B	0.08%
OLED	D	0.08%
SLG	B	0.08%
NOW	B	0.08%
SYNA	F	0.08%
UCTT	F	0.08%
MATV	B	0.08%
PEB	D	0.08%
CACC	F	0.08%
CDE	D	0.08%
KOS	F	0.08%
OII	C	0.08%
VIAV	C	0.08%
ONTO	D	0.08%
HL	C	0.08%
ROCK	D	0.08%
CBZ	D	0.08%
HAIN	B	0.08%
THRM	D	0.08%
INDB	B	0.08%
HCSG	D	0.08%
CNA	B	0.08%
HAE	F	0.08%
REXR	B	0.08%
LADR	B	0.08%
FFIN	B	0.08%
SAFT	B	0.08%
VRSN	C	0.07%
WTRG	D	0.07%
MYRG	F	0.07%
IRDM	D	0.07%
JAZZ	D	0.07%
ROG	F	0.07%
NBR	F	0.07%
TTD	B	0.07%
BUSE	B	0.07%
NBIX	D	0.07%
GES	F	0.07%
KOP	D	0.07%
MRCY	B	0.07%
FCF	B	0.07%
PAYC	D	0.07%
HMN	B	0.07%
JWN	A	0.07%
KLIC	F	0.07%
PLAB	F	0.07%
MMS	C	0.07%
NNI	B	0.07%
CNDT	B	0.07%
MTRN	D	0.07%
DXCM	F	0.07%
CNX	B	0.07%
STRL	C	0.07%
KLG	B	0.07%
MEDP	D	0.07%
PTVE	D	0.07%
STBA	B	0.07%
COTY	F	0.07%
ADC	A	0.07%
FSLR	C	0.07%
ATSG	C	0.07%
CODI	D	0.07%
REYN	A	0.07%
HZO	D	0.07%
RAMP	F	0.07%
IRT	B	0.07%
BGS	C	0.07%
CHH	C	0.07%
CNS	B	0.07%
MRC	D	0.07%
OMCL	A	0.07%
FORM	F	0.07%
AZEK	D	0.07%
CCOI	A	0.07%
HLX	D	0.07%
CCO	D	0.07%
LGF.A	F	0.07%
GO	F	0.07%
CPNG	B	0.07%
ZUMZ	B	0.07%
AY	A	0.07%
BXC	F	0.06%
DEA	A	0.06%
ZWS	D	0.06%
HQY	D	0.06%
CPS	D	0.06%
GLNG	D	0.06%
VBTX	B	0.06%
THRY	D	0.06%
AAL	C	0.06%
CHEF	B	0.06%
TRNO	B	0.06%
EFSC	B	0.06%
APO	D	0.06%
PR	D	0.06%
KWR	D	0.06%
MSM	D	0.06%
CWST	C	0.06%
MMI	B	0.06%
ROAD	C	0.06%
PUMP	F	0.06%
TRIP	F	0.06%
VRRM	D	0.06%
OFG	B	0.06%
NX	D	0.06%
FIVE	F	0.06%
CNSL	A	0.06%
SABR	F	0.06%
GWRE	A	0.06%
MODG	F	0.06%
TRS	D	0.06%
HMST	B	0.06%
BLD	D	0.06%
BZH	B	0.06%
ADUS	B	0.06%
ENPH	D	0.06%
BSY	D	0.06%
AAN	B	0.06%
PAGS	F	0.06%
OEC	F	0.06%
TSE	D	0.06%
DBX	D	0.06%
ILPT	B	0.06%
OPEN	D	0.06%
ANDE	D	0.06%
COMP	B	0.06%
PRAA	D	0.06%
ENV	B	0.06%
TNL	D	0.06%
FTI	D	0.06%
NTGR	B	0.06%
HHH	B	0.06%
CHE	C	0.06%
CPK	A	0.06%
EBC	B	0.06%
AAON	C	0.06%
AGRO	A	0.06%
CUBI	F	0.06%
GTN	F	0.06%
CASH	A	0.06%
RWT	B	0.05%
RDNT	B	0.05%
SGH	F	0.05%
XP	C	0.05%
ASTE	D	0.05%
AUB	B	0.05%
FBNC	B	0.05%
IART	F	0.05%
SBLK	D	0.05%
PLAY	F	0.05%
PRA	C	0.05%
FOXF	F	0.05%
EXPI	F	0.05%
CBL	B	0.05%
STNE	F	0.05%
CRK	D	0.05%
LYFT	F	0.05%
CLW	F	0.05%
CTS	D	0.05%
NEOG	D	0.05%
RDUS	F	0.05%
PRFT	A	0.05%
SENEA	C	0.05%
FHI	B	0.05%
GLOB	C	0.05%
AZTA	F	0.05%
WFRD	F	0.05%
NOVT	C	0.05%
EYE	F	0.05%
UIS	C	0.05%
PSTG	F	0.05%
MYGN	B	0.05%
LBRDK	C	0.05%
SUPN	B	0.05%
ALIT	D	0.05%
GFS	F	0.05%
SSB	B	0.05%
GPRE	F	0.05%
ASIX	B	0.05%
ZIMV	D	0.05%
WING	C	0.05%
WHD	C	0.05%
ALK	D	0.05%
KTOS	C	0.05%
CRL	F	0.05%
PRLB	F	0.04%
PEGA	B	0.04%
ALRM	F	0.04%
RKT	B	0.04%
EVRI	A	0.04%
CVGW	C	0.04%
SEB	C	0.04%
SHEN	F	0.04%
SFIX	D	0.04%
GRBK	B	0.04%
SBSI	B	0.04%
PTON	B	0.04%
GLDD	C	0.04%
RGEN	C	0.04%
DAC	D	0.04%
RES	F	0.04%
BRC	B	0.04%
AVNS	B	0.04%
IHRT	D	0.04%
PODD	A	0.04%
GDOT	B	0.04%
COHU	F	0.04%
LNN	D	0.04%
CLVT	C	0.04%
ECVT	F	0.04%
VRNT	F	0.04%
MTUS	F	0.04%
AHCO	A	0.04%
CNNE	D	0.04%
PARR	F	0.04%
BRBR	A	0.04%
EXAS	B	0.04%
TBI	F	0.04%
WTTR	C	0.04%
TUP	F	0.04%
EVTC	D	0.04%
LKFN	B	0.04%
ICHR	F	0.04%
LIVN	D	0.04%
W	F	0.04%
CFFN	C	0.04%
UVE	B	0.04%
ERIE	A	0.04%
CMCO	F	0.04%
AGX	A	0.04%
STEP	B	0.04%
SMPL	D	0.04%
AMBC	F	0.03%
RC	F	0.03%
PLOW	B	0.03%
BRSP	D	0.03%
SNOW	F	0.03%
DHIL	B	0.03%
DO	D	0.03%
ALTO	F	0.03%
AVO	A	0.03%
HAFC	B	0.03%
AMC	D	0.03%
ARCO	F	0.03%
TPIC	D	0.03%
WOOF	D	0.03%
CSV	B	0.03%
WASH	B	0.03%
IVT	B	0.03%
UFCS	D	0.03%
HFWA	B	0.03%
ZI	F	0.03%
LSCC	F	0.03%
BJRI	D	0.03%
SGRY	B	0.03%
BANF	B	0.03%
PEN	C	0.03%
OPI	F	0.03%
WABC	C	0.03%
HAYW	B	0.03%
GNK	D	0.03%
HASI	B	0.03%
CNOB	B	0.03%
EAF	F	0.03%
OPK	B	0.03%
MTW	F	0.03%
CLB	F	0.03%
MERC	F	0.03%
TDOC	F	0.03%
PFC	B	0.03%
CARS	D	0.03%
CSR	B	0.03%
ZEUS	F	0.03%
WOW	B	0.03%
TCBK	C	0.03%
SHYF	C	0.03%
VAL	F	0.03%
DCO	C	0.03%
TEN	D	0.03%
BRY	F	0.03%
MXL	F	0.02%
VIR	F	0.02%
JRVR	F	0.02%
OKTA	F	0.02%
GDEN	C	0.02%
LEVI	C	0.02%
DIN	F	0.02%
USM	B	0.02%
LYV	D	0.02%
GTLS	F	0.02%
VREX	F	0.02%
ATNI	C	0.02%
DENN	F	0.02%
AGM	D	0.02%
SBCF	B	0.02%
SFBS	B	0.02%
CRMT	F	0.02%
IRBT	F	0.02%
CMP	F	0.02%
KNSL	B	0.02%
PRVA	D	0.02%
DT	A	0.02%
VSEC	C	0.02%
ALGT	F	0.02%
AGL	F	0.02%
VRTS	D	0.02%
CTRN	F	0.02%
DAY	C	0.02%
OIS	D	0.02%
FLGT	D	0.02%
USPH	D	0.02%
CLOV	B	0.02%
XPRO	F	0.02%
ASTH	B	0.02%
DRQ	F	0.02%
TKO	B	0.02%
RYAM	B	0.02%
MODV	B	0.02%
CLDT	D	0.02%
RNST	C	0.02%
ARKO	D	0.02%
TOST	D	0.02%
HLIO	F	0.02%
MEI	F	0.02%
RUN	B	0.02%
SRI	F	0.02%
GTY	B	0.02%
MSBI	D	0.01%
DNUT	C	0.01%
HAYN	A	0.01%
MGPI	B	0.01%
ONEW	F	0.01%
EVH	B	0.01%
TTEC	F	0.01%
LXU	F	0.01%
REX	F	0.01%
NIC	B	0.01%
TBBK	B	0.01%
AMRC	B	0.01%
SNEX	C	0.01%
CMTL	F	0.01%
FBK	B	0.01%
NBHC	B	0.01%
HLNE	B	0.01%
LGND	B	0.01%
MBUU	C	0.01%
TK	D	0.01%
HOV	B	0.01%
NR	D	0.01%
BHLB	B	0.01%
IIIN	D	0.01%
VTOL	C	0.01%
PETS	F	0.01%
KE	F	0.01%
AOSL	D	0.01%
MP	C	0.01%
GPRO	F	0.01%
PLCE	F	0.01%
LESL	F	0.01%
WMG	F	0.01%
AMSF	B	0.01%
RILY	F	0.01%
AVD	D	0.01%
PRM	B	0.01%
EDR	A	0.01%
BMBL	D	0.01%
GSL	D	0.01%
WOLF	F	0.01%
SEDG	F	0.01%
SSP	F	0.01%
NU	B	0.01%
SNAP	F	0.01%
SSYS	F	0.01%
CHGG	F	0.0%
PCRX	F	0.0%
SEG	D	0.0%
ALGM	F	0.0%
WTI	F	0.0%
TWI	D	0.0%
GSM	F	0.0%
CRNC	D	0.0%
SPWH	D	0.0%
AMPH	C	0.0%

FNDA Underweight 219 Positions Relative to FLQS

Symbol	Grade	Weight
SFM	B	-1.26%
MLI	B	-1.08%
UFPI	D	-0.96%
JXN	C	-0.9%
NSIT	C	-0.83%
CMC	D	-0.77%
BCC	C	-0.72%
GPI	B	-0.7%
BOX	A	-0.63%
ASO	C	-0.56%
RUSHA	C	-0.44%
VRNS	C	-0.43%
WK	D	-0.42%
GNW	B	-0.4%
WERN	D	-0.39%
SQSP	A	-0.38%
PBF	F	-0.37%
TGNA	D	-0.36%
TDS	B	-0.35%
FL	D	-0.34%
BTU	D	-0.34%
CPRX	B	-0.32%
ARCH	F	-0.32%
NARI	D	-0.32%
UFPT	B	-0.3%
EXTR	C	-0.28%
ACAD	F	-0.27%
CNO	B	-0.27%
HIMS	F	-0.27%
PRMW	A	-0.25%
LMAT	B	-0.24%
NSSC	F	-0.23%
REZI	D	-0.22%
YOU	B	-0.21%
GPOR	D	-0.21%
HLIT	B	-0.2%
VCEL	C	-0.19%
ATEN	D	-0.17%
AGYS	C	-0.17%
IESC	C	-0.17%
GABC	B	-0.16%
ODP	F	-0.16%
ACT	A	-0.16%
ATRC	C	-0.16%
MCRI	A	-0.15%
SPNS	D	-0.14%
RVLV	B	-0.14%
SPTN	A	-0.13%
HRMY	B	-0.13%
XPEL	C	-0.13%
BLX	A	-0.12%
FIGS	D	-0.12%
GRC	D	-0.11%
SYBT	B	-0.11%
MDXG	F	-0.11%
ZIP	C	-0.1%
AESI	B	-0.1%
ASC	D	-0.1%
PRO	F	-0.1%
GOGL	D	-0.1%
IMXI	D	-0.1%
CHUY	A	-0.1%
UNFI	A	-0.1%
HCKT	B	-0.1%
TRST	B	-0.09%
CYH	A	-0.09%
COLL	B	-0.09%
OSPN	B	-0.09%
EGY	D	-0.09%
MLR	C	-0.09%
UTI	D	-0.09%
UHT	A	-0.08%
UPWK	F	-0.08%
PTLO	C	-0.08%
YORW	D	-0.08%
IDT	B	-0.08%
NRDS	F	-0.07%
SIGA	D	-0.07%
AXGN	A	-0.07%
FOR	D	-0.07%
FMNB	B	-0.07%
BBW	A	-0.07%
NFBK	B	-0.07%
PAHC	B	-0.07%
YEXT	A	-0.07%
CHCT	F	-0.07%
SMBC	B	-0.07%
FC	D	-0.07%
LQDT	C	-0.07%
VITL	D	-0.07%
CASS	D	-0.07%
NVEC	D	-0.06%
CFB	B	-0.06%
NRC	F	-0.06%
RMR	B	-0.06%
SRDX	D	-0.06%
RUSHB	C	-0.06%
IRMD	C	-0.06%
LILA	D	-0.05%
LOVE	D	-0.05%
TPB	A	-0.05%
HTBK	B	-0.05%
DJCO	B	-0.05%
FFIC	C	-0.05%
ENFN	D	-0.05%
FBIZ	B	-0.05%
AMSWA	B	-0.05%
NAT	D	-0.05%
BASE	D	-0.05%
FCBC	B	-0.05%
VLGEA	B	-0.05%
LYTS	B	-0.05%
YMAB	B	-0.04%
NECB	B	-0.04%
HBCP	C	-0.04%
SEMR	D	-0.04%
GRNT	D	-0.04%
PFMT	A	-0.04%
RMAX	B	-0.04%
TH	C	-0.04%
OOMA	A	-0.04%
TMCI	F	-0.04%
REPX	D	-0.04%
AVNW	F	-0.04%
METC	F	-0.04%
SPOK	D	-0.04%
GNTY	B	-0.04%
LXFR	D	-0.04%
NGVC	A	-0.04%
FLIC	A	-0.04%
PLPC	F	-0.04%
BMRC	B	-0.04%
EVER	D	-0.04%
MITK	F	-0.04%
RM	B	-0.04%
VNDA	D	-0.04%
LINC	D	-0.04%
ULH	C	-0.04%
ODC	C	-0.04%
SB	D	-0.04%
MCFT	F	-0.04%
MCW	F	-0.04%
PFIS	C	-0.04%
VPG	F	-0.04%
TCMD	C	-0.04%
PBPB	C	-0.03%
ORGO	D	-0.03%
TTSH	D	-0.03%
OLP	B	-0.03%
CMPO	A	-0.03%
OFLX	D	-0.03%
IBTA	F	-0.03%
GCMG	B	-0.03%
NATH	A	-0.03%
PKBK	B	-0.03%
RLGT	B	-0.03%
RCKY	D	-0.03%
WEYS	B	-0.03%
BWMN	F	-0.03%
CIO	B	-0.03%
IMMR	D	-0.03%
ALX	B	-0.03%
MG	B	-0.03%
FORR	D	-0.02%
NREF	B	-0.02%
VRA	F	-0.02%
BTMD	D	-0.02%
PTSI	D	-0.02%
REAL	F	-0.02%
MYPS	F	-0.02%
III	D	-0.02%
APEI	D	-0.02%
REFI	B	-0.02%
ESCA	F	-0.02%
HBB	B	-0.02%
RELL	C	-0.02%
GWRS	A	-0.02%
HOFT	C	-0.02%
CHMG	C	-0.02%
ESSA	C	-0.02%
SMLR	F	-0.02%
EGAN	F	-0.02%
DXLG	F	-0.02%
EPM	F	-0.02%
CZNC	C	-0.02%
JYNT	F	-0.02%
IBEX	B	-0.02%
KRT	D	-0.02%
JAKK	C	-0.02%
JILL	F	-0.02%
NATR	F	-0.02%
ZYXI	F	-0.02%
JOUT	F	-0.02%
MAPS	F	-0.01%
LWAY	B	-0.01%
LCUT	F	-0.01%
CIX	B	-0.01%
PBYI	F	-0.01%
NTIC	F	-0.01%
NL	B	-0.01%
METCB	D	-0.01%
FENC	F	-0.01%
CPSS	D	-0.01%
CURV	D	-0.01%
FSTR	F	-0.01%
BSVN	B	-0.01%
SEVN	A	-0.01%
CDXC	B	-0.01%
STKS	F	-0.01%
VIRC	C	-0.01%
QIPT	F	-0.01%
GAMB	B	-0.01%
HBIO	F	-0.01%
CMT	D	-0.01%
FLXS	B	-0.01%
SGC	F	-0.01%
RMNI	F	-0.01%
MPX	F	-0.01%
INFU	F	-0.01%