FNDA vs. FNCL ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Fidelity MSCI Financials Index ETF (FNCL)

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

$31.58

Average Daily Volume

451,412

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.00

Average Daily Volume

102,477

Number of Holdings ^*

379

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FNCL
30 Days	7.43%	8.48%
60 Days	12.75%	11.80%
90 Days	13.93%	17.87%
12 Months	37.24%	51.92%

182 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FNCL	Overlap
ABCB	B	0.13%	0.06%	0.06%
ABR	B	0.09%	0.03%	0.03%
AGM	B	0.03%	0.02%	0.02%
AGNC	D	0.19%	0.1%	0.1%
AGO	B	0.15%	0.06%	0.06%
AMBC	C	0.02%	0.01%	0.01%
AMSF	A	0.01%	0.01%	0.01%
APAM	B	0.15%	0.04%	0.04%
APO	B	0.16%	0.75%	0.16%
ARES	B	0.15%	0.41%	0.15%
ARI	D	0.08%	0.02%	0.02%
ASB	B	0.22%	0.05%	0.05%
AUB	B	0.07%	0.04%	0.04%
AX	B	0.11%	0.05%	0.05%
AXS	A	0.11%	0.09%	0.09%
BANF	B	0.02%	0.03%	0.02%
BANR	B	0.12%	0.03%	0.03%
BGC	A	0.13%	0.04%	0.04%
BHLB	B	0.01%	0.02%	0.01%
BKU	B	0.28%	0.04%	0.04%
BOH	B	0.14%	0.03%	0.03%
BOKF	B	0.11%	0.04%	0.04%
BRKL	B	0.02%	0.01%	0.01%
BRSP	B	0.02%	0.01%	0.01%
BSIG	B	0.07%	0.01%	0.01%
BUSE	C	0.06%	0.02%	0.02%
BXMT	B	0.14%	0.04%	0.04%
CACC	F	0.14%	0.04%	0.04%
CADE	B	0.22%	0.08%	0.08%
CASH	B	0.07%	0.02%	0.02%
CATY	B	0.17%	0.04%	0.04%
CBSH	A	0.2%	0.1%	0.1%
CBU	B	0.11%	0.04%	0.04%
CFFN	B	0.03%	0.01%	0.01%
CFR	B	0.23%	0.1%	0.1%
CHCO	B	0.05%	0.02%	0.02%
CMTG	D	0.03%	0.01%	0.01%
CNNE	B	0.03%	0.01%	0.01%
CNOB	B	0.02%	0.01%	0.01%
CNS	B	0.07%	0.04%	0.04%
CODI	B	0.05%	0.02%	0.02%
COIN	B	0.3%	0.5%	0.3%
COLB	B	0.19%	0.08%	0.08%
COOP	A	0.22%	0.08%	0.08%
CPF	B	0.03%	0.01%	0.01%
CUBI	C	0.07%	0.02%	0.02%
CVBF	B	0.11%	0.03%	0.03%
DBRG	F	0.18%	0.04%	0.04%
DFIN	F	0.06%	0.03%	0.03%
DHIL	B	0.02%	0.0%	0.0%
EBC	B	0.07%	0.04%	0.04%
ECPG	B	0.12%	0.01%	0.01%
EEFT	C	0.17%	0.06%	0.06%
EFSC	B	0.06%	0.03%	0.03%
EGBN	B	0.03%	0.01%	0.01%
EIG	B	0.09%	0.02%	0.02%
ENVA	B	0.19%	0.03%	0.03%
ERIE	D	0.07%	0.16%	0.07%
ESGR	B	0.05%	0.05%	0.05%
ESNT	F	0.15%	0.09%	0.09%
EVTC	C	0.03%	0.03%	0.03%
FBK	B	0.01%	0.02%	0.01%
FBNC	B	0.05%	0.02%	0.02%
FBP	C	0.06%	0.05%	0.05%
FBRT	B	0.04%	0.01%	0.01%
FCF	B	0.07%	0.02%	0.02%
FDS	B	0.2%	0.23%	0.2%
FFBC	B	0.11%	0.03%	0.03%
FFIN	B	0.09%	0.06%	0.06%
FHB	B	0.2%	0.04%	0.04%
FHI	B	0.11%	0.04%	0.04%
FIBK	B	0.11%	0.04%	0.04%
FNB	B	0.23%	0.07%	0.07%
FRME	B	0.09%	0.03%	0.03%
FULT	B	0.14%	0.04%	0.04%
GBCI	B	0.17%	0.07%	0.07%
GDOT	D	0.03%	0.01%	0.01%
HAFC	B	0.02%	0.01%	0.01%
HASI	F	0.02%	0.05%	0.02%
HFWA	B	0.02%	0.01%	0.01%
HLI	B	0.19%	0.12%	0.12%
HLNE	B	0.01%	0.09%	0.01%
HMN	B	0.07%	0.02%	0.02%
HOMB	B	0.1%	0.07%	0.07%
HOPE	B	0.12%	0.02%	0.02%
HTH	C	0.12%	0.02%	0.02%
HTLF	B	0.1%	0.03%	0.03%
HWC	B	0.21%	0.06%	0.06%
IBKR	B	0.11%	0.2%	0.11%
IBOC	B	0.11%	0.05%	0.05%
IBTX	B	0.09%	0.03%	0.03%
INDB	B	0.09%	0.03%	0.03%
KMPR	A	0.26%	0.05%	0.05%
KNSL	D	0.02%	0.14%	0.02%
KREF	D	0.02%	0.01%	0.01%
KRNY	B	0.02%	0.0%	0.0%
LADR	C	0.07%	0.02%	0.02%
LKFN	B	0.04%	0.02%	0.02%
MC	B	0.21%	0.06%	0.06%
MCY	A	0.14%	0.03%	0.03%
MKTX	C	0.14%	0.14%	0.14%
MORN	A	0.11%	0.12%	0.11%
MSBI	B	0.0%	0.01%	0.0%
NBHC	B	0.01%	0.02%	0.01%
NBTB	B	0.07%	0.03%	0.03%
NIC	B	0.0%	0.02%	0.0%
NMIH	D	0.07%	0.04%	0.04%
NNI	C	0.07%	0.02%	0.02%
NWBI	B	0.08%	0.02%	0.02%
OCFC	B	0.02%	0.02%	0.02%
OFG	C	0.04%	0.02%	0.02%
ONB	B	0.17%	0.08%	0.08%
OZK	B	0.2%	0.07%	0.07%
PB	B	0.22%	0.09%	0.09%
PEBO	B	0.0%	0.02%	0.0%
PFBC	B	0.0%	0.01%	0.0%
PFC	B	0.02%	0.01%	0.01%
PFS	B	0.1%	0.03%	0.03%
PFSI	D	0.16%	0.06%	0.06%
PIPR	B	0.18%	0.07%	0.07%
PJT	B	0.07%	0.05%	0.05%
PMT	D	0.08%	0.02%	0.02%
PNFP	B	0.23%	0.11%	0.11%
PPBI	B	0.11%	0.03%	0.03%
PRA	B	0.04%	0.01%	0.01%
PRAA	C	0.04%	0.01%	0.01%
PRG	C	0.25%	0.03%	0.03%
PRK	B	0.09%	0.04%	0.04%
RC	F	0.03%	0.02%	0.02%
RDN	D	0.24%	0.07%	0.07%
RILY	F	0.01%	0.0%	0.0%
RKT	D	0.03%	0.03%	0.03%
RLI	A	0.12%	0.09%	0.09%
RNR	B	0.13%	0.19%	0.13%
RNST	B	0.05%	0.03%	0.03%
RWT	D	0.03%	0.01%	0.01%
SAFT	C	0.08%	0.02%	0.02%
SASR	B	0.1%	0.02%	0.02%
SBCF	B	0.03%	0.03%	0.03%
SBSI	B	0.02%	0.01%	0.01%
SF	B	0.31%	0.14%	0.14%
SFBS	B	0.04%	0.06%	0.04%
SFNC	B	0.17%	0.04%	0.04%
SIGI	B	0.15%	0.08%	0.08%
SNEX	B	0.01%	0.03%	0.01%
SRCE	B	0.02%	0.02%	0.02%
SSB	B	0.11%	0.1%	0.1%
STBA	C	0.06%	0.02%	0.02%
STC	C	0.18%	0.03%	0.03%
STEP	B	0.03%	0.05%	0.03%
TBBK	C	0.0%	0.04%	0.0%
TCBI	B	0.14%	0.05%	0.05%
TCBK	B	0.02%	0.02%	0.02%
TMP	B	0.02%	0.01%	0.01%
TOST	B	0.05%	0.14%	0.05%
TOWN	C	0.08%	0.03%	0.03%
TPG	B	0.14%	0.06%	0.06%
TRMK	B	0.11%	0.03%	0.03%
TRTX	B	0.03%	0.01%	0.01%
TW	B	0.09%	0.2%	0.09%
UBSI	B	0.19%	0.07%	0.07%
UCB	B	0.1%	0.04%	0.04%
UFCS	B	0.02%	0.01%	0.01%
UMBF	B	0.17%	0.07%	0.07%
UVE	C	0.03%	0.01%	0.01%
VBTX	B	0.06%	0.02%	0.02%
VCTR	B	0.04%	0.03%	0.03%
VIRT	A	0.21%	0.04%	0.04%
VLY	B	0.2%	0.05%	0.05%
VRTS	B	0.05%	0.02%	0.02%
WABC	B	0.02%	0.02%	0.02%
WAFD	C	0.16%	0.04%	0.04%
WAL	B	0.29%	0.13%	0.13%
WASH	B	0.02%	0.01%	0.01%
WBS	B	0.25%	0.12%	0.12%
WD	B	0.16%	0.05%	0.05%
WEX	F	0.13%	0.12%	0.12%
WRLD	C	0.03%	0.01%	0.01%
WSBC	B	0.1%	0.03%	0.03%
WSFS	B	0.1%	0.04%	0.04%
WTFC	B	0.22%	0.1%	0.1%
WTM	B	0.16%	0.06%	0.06%

FNDA Overweight 814 Positions Relative to FNCL

Symbol	Grade	Weight
SATS	C	0.46%
RCL	B	0.43%
UAL	A	0.39%
GEO	B	0.34%
ANF	C	0.32%
FICO	B	0.32%
UTHR	B	0.32%
HCC	A	0.3%
XPO	B	0.3%
HRI	B	0.3%
FLS	A	0.29%
TXRH	B	0.28%
AIT	A	0.27%
SLVM	A	0.27%
VMI	B	0.26%
MHO	C	0.26%
PLXS	B	0.26%
VSCO	B	0.26%
GME	C	0.26%
CLH	B	0.26%
MAC	B	0.26%
SAIA	C	0.25%
CRS	B	0.25%
OHI	B	0.25%
GHC	A	0.24%
BWXT	B	0.24%
SKYW	B	0.24%
RXO	B	0.24%
FIX	A	0.24%
WWD	B	0.24%
SWX	B	0.24%
GVA	A	0.24%
HEI	C	0.23%
FDP	B	0.23%
WH	A	0.23%
SEM	B	0.23%
MOG.A	B	0.23%
CXW	B	0.23%
CBT	B	0.23%
DY	C	0.23%
TTMI	A	0.23%
INCY	A	0.23%
VRT	A	0.23%
KFY	B	0.22%
CR	A	0.22%
AVNT	B	0.22%
UNIT	B	0.22%
ESI	B	0.22%
DEI	B	0.22%
LOPE	A	0.22%
KRC	B	0.22%
TTEK	C	0.22%
DTM	A	0.22%
FRT	C	0.22%
BKH	C	0.22%
GATX	B	0.22%
VLTO	D	0.22%
CWK	B	0.22%
SIG	B	0.22%
AWI	A	0.22%
TPC	B	0.22%
BHE	B	0.22%
BYD	A	0.21%
GMS	B	0.21%
CRUS	F	0.21%
PINC	B	0.21%
ZM	A	0.21%
SCCO	D	0.21%
HIW	B	0.21%
SPB	C	0.21%
UAA	C	0.21%
ENS	F	0.2%
KMT	B	0.2%
BIO	B	0.2%
EXEL	B	0.2%
ARCB	C	0.2%
GBX	B	0.2%
TEX	C	0.2%
IDA	A	0.2%
CALM	B	0.2%
NVST	C	0.2%
KNF	B	0.2%
HP	C	0.2%
LITE	B	0.2%
ELAN	D	0.19%
KEX	C	0.19%
ACA	B	0.19%
PNM	B	0.19%
MAT	C	0.19%
OGS	C	0.19%
FCN	F	0.19%
CCS	D	0.19%
ADTN	B	0.19%
ASH	F	0.19%
SMG	D	0.19%
ELS	C	0.19%
CUZ	B	0.19%
LCII	D	0.19%
Z	B	0.19%
TRN	B	0.19%
ATGE	B	0.19%
AMKR	F	0.18%
FUL	D	0.18%
COLM	C	0.18%
IMKTA	D	0.18%
CRC	B	0.18%
ACIW	B	0.18%
LFUS	C	0.18%
COLD	F	0.18%
ESAB	B	0.18%
BDC	B	0.18%
NYT	B	0.18%
GIII	C	0.18%
DASH	A	0.18%
SR	D	0.18%
SBRA	B	0.18%
MTCH	F	0.18%
RPRX	F	0.18%
EAT	B	0.18%
SBH	C	0.18%
APLE	B	0.17%
CNX	B	0.17%
SSD	C	0.17%
PCH	F	0.17%
ENTG	F	0.17%
MASI	B	0.17%
NJR	C	0.17%
VSTS	F	0.17%
VNT	B	0.17%
WMK	B	0.17%
CSGP	D	0.17%
URBN	D	0.17%
AMH	D	0.17%
CUBE	D	0.17%
TWLO	A	0.17%
HXL	D	0.17%
UNF	B	0.17%
PDCO	D	0.17%
WGO	C	0.17%
LNW	C	0.17%
HNI	B	0.17%
APP	B	0.17%
SHOO	D	0.17%
PSMT	C	0.17%
TPL	B	0.17%
SPR	F	0.17%
SUM	B	0.17%
PATK	D	0.17%
SPOT	B	0.17%
VYX	C	0.16%
LGIH	D	0.16%
PTEN	D	0.16%
WYNN	D	0.16%
GEF	B	0.16%
JBLU	C	0.16%
NOW	B	0.16%
SLG	B	0.16%
SITE	C	0.16%
B	B	0.16%
MTDR	C	0.16%
OLLI	C	0.16%
LAUR	B	0.16%
NWE	D	0.16%
GTES	B	0.16%
ALE	A	0.16%
VVV	B	0.16%
PHIN	B	0.16%
AGR	C	0.15%
MPWR	F	0.15%
SKY	C	0.15%
THS	F	0.15%
CDP	C	0.15%
PPC	B	0.15%
SCS	C	0.15%
VEEV	B	0.15%
SXT	B	0.15%
CGNX	C	0.15%
GMED	B	0.15%
NNN	D	0.15%
CBRL	D	0.15%
OMI	F	0.15%
UVV	C	0.15%
EBS	C	0.15%
CHDN	B	0.15%
OUT	C	0.15%
SLAB	F	0.15%
CEIX	B	0.15%
RH	B	0.15%
NOMD	D	0.15%
HE	D	0.15%
MTX	B	0.15%
COMM	D	0.15%
WMS	D	0.15%
SN	C	0.15%
BCO	D	0.15%
FWRD	D	0.15%
MOD	C	0.15%
AVA	D	0.15%
IGT	D	0.14%
WTS	C	0.14%
DNOW	C	0.14%
AROC	B	0.14%
AMWD	B	0.14%
APOG	A	0.14%
TROX	F	0.14%
ITRI	A	0.14%
SLGN	B	0.14%
ZD	C	0.14%
ICUI	C	0.14%
CVLT	A	0.14%
RYI	C	0.14%
APG	B	0.14%
MLKN	F	0.14%
RYN	D	0.14%
YELP	C	0.14%
CVCO	A	0.14%
SAH	B	0.14%
ROL	C	0.14%
LZB	C	0.14%
PLTR	A	0.14%
TNL	A	0.14%
CROX	F	0.14%
ATKR	D	0.14%
KTB	A	0.14%
NEU	D	0.14%
WEN	C	0.14%
DORM	B	0.13%
FELE	C	0.13%
DIOD	D	0.13%
IOSP	B	0.13%
IDCC	A	0.13%
RIG	D	0.13%
CNM	D	0.13%
AMED	C	0.13%
SMTC	A	0.13%
COKE	D	0.13%
NMRK	B	0.13%
ABNB	D	0.13%
FTI	B	0.13%
LILAK	F	0.13%
PLUS	C	0.13%
RRC	C	0.13%
IAC	C	0.13%
EPR	D	0.13%
LBRT	F	0.13%
RGLD	B	0.13%
ENSG	C	0.13%
DLB	C	0.13%
SCL	C	0.13%
EXLS	A	0.13%
CNK	B	0.13%
DBX	C	0.13%
CABO	C	0.13%
H	C	0.13%
HRB	D	0.13%
SNDR	A	0.13%
TYL	B	0.13%
TDC	D	0.13%
IPGP	C	0.13%
JBGS	D	0.13%
UPBD	C	0.13%
AMR	C	0.13%
VSTO	B	0.13%
CHRD	F	0.12%
PSN	B	0.12%
DHC	F	0.12%
RLJ	D	0.12%
CHX	D	0.12%
DRH	B	0.12%
NGVT	C	0.12%
ETSY	D	0.12%
AIR	C	0.12%
JWN	C	0.12%
VRSN	D	0.12%
CRL	D	0.12%
MWA	A	0.12%
JBT	B	0.12%
HELE	D	0.12%
ANDE	D	0.12%
LRN	B	0.12%
BFAM	F	0.12%
DNB	B	0.12%
JAZZ	B	0.12%
KAR	B	0.12%
HLF	C	0.12%
PTC	B	0.12%
ITGR	B	0.12%
AMN	F	0.12%
WTRG	B	0.12%
HPP	F	0.12%
JELD	F	0.12%
TREX	C	0.12%
MSM	C	0.12%
MMS	C	0.12%
FND	F	0.12%
ENOV	C	0.11%
VIAV	B	0.11%
EPC	D	0.11%
TNET	F	0.11%
LANC	B	0.11%
TECH	B	0.11%
XHR	B	0.11%
HGV	C	0.11%
CHE	F	0.11%
SVC	F	0.11%
WSC	C	0.11%
STAG	D	0.11%
PRIM	A	0.11%
FSS	C	0.11%
PECO	B	0.11%
MANH	C	0.11%
CIVI	D	0.11%
MYRG	C	0.11%
COMP	B	0.11%
KALU	C	0.11%
AEIS	B	0.11%
FSLR	F	0.11%
PLNT	B	0.11%
WDAY	C	0.11%
BLD	F	0.11%
HEES	B	0.11%
LBRDK	B	0.1%
SAM	C	0.1%
ORA	B	0.1%
BCPC	B	0.1%
CORT	B	0.1%
ICFI	B	0.1%
OTTR	D	0.1%
PBI	C	0.1%
NHC	C	0.1%
UE	A	0.1%
JACK	D	0.1%
PINS	D	0.1%
IBP	F	0.1%
CPNG	C	0.1%
NTCT	B	0.1%
HI	C	0.1%
BRKR	F	0.1%
AEO	F	0.1%
DDS	C	0.1%
STRL	A	0.1%
SKT	B	0.1%
AZZ	B	0.1%
KRG	B	0.1%
FN	B	0.1%
VSH	F	0.1%
PAYC	B	0.1%
BXC	B	0.1%
FR	D	0.1%
PBH	B	0.1%
ACHC	F	0.1%
SHO	B	0.1%
HL	D	0.09%
CWEN	D	0.09%
WOR	D	0.09%
DOLE	B	0.09%
NHI	C	0.09%
ALEX	B	0.09%
OPCH	F	0.09%
ESE	B	0.09%
STRA	D	0.09%
CENTA	D	0.09%
AIN	D	0.09%
POWI	C	0.09%
OSIS	C	0.09%
FTDR	A	0.09%
CNXN	C	0.09%
RBC	A	0.09%
RNG	B	0.09%
WWW	A	0.09%
NPO	C	0.09%
ROKU	C	0.09%
ROCK	C	0.09%
MMSI	A	0.09%
MGEE	A	0.09%
MGY	A	0.09%
BOOT	D	0.09%
MGRC	B	0.09%
KELYA	F	0.09%
ESRT	C	0.09%
PDM	B	0.09%
RHP	B	0.09%
SCSC	C	0.09%
SIRI	D	0.09%
VC	F	0.09%
MSA	D	0.09%
BKE	B	0.09%
FIVE	F	0.09%
AM	B	0.09%
ENR	B	0.09%
OLED	F	0.08%
BKD	F	0.08%
PEB	D	0.08%
ALGT	C	0.08%
KLG	C	0.08%
CWT	D	0.08%
TTD	B	0.08%
CSWI	A	0.08%
NSP	F	0.08%
KN	B	0.08%
WNC	D	0.08%
SYNA	D	0.08%
GNL	D	0.08%
AAON	B	0.08%
PTON	A	0.08%
IART	C	0.08%
ATI	D	0.08%
IRDM	C	0.08%
ALIT	D	0.08%
CSGS	B	0.08%
UCTT	D	0.08%
AZEK	B	0.08%
KFRC	D	0.08%
RAMP	C	0.08%
BMRN	F	0.08%
NWN	B	0.08%
EGP	D	0.08%
KAI	A	0.08%
CBZ	B	0.08%
OII	B	0.08%
TALO	C	0.08%
MD	B	0.08%
SMCI	F	0.08%
DXCM	D	0.08%
KW	B	0.08%
PRDO	B	0.08%
AKR	B	0.08%
CHH	B	0.08%
GFF	C	0.08%
OMCL	B	0.08%
HAE	B	0.08%
LXP	D	0.08%
RRR	F	0.08%
CCOI	B	0.08%
BLMN	F	0.08%
CRK	B	0.07%
GWRE	B	0.07%
PLAY	C	0.07%
AAT	B	0.07%
CNA	D	0.07%
IRT	B	0.07%
DLX	B	0.07%
PR	C	0.07%
BMI	C	0.07%
HHH	B	0.07%
ADC	B	0.07%
KOP	D	0.07%
BRC	B	0.07%
EXPI	C	0.07%
CDE	C	0.07%
HQY	A	0.07%
OPEN	F	0.07%
HWKN	C	0.07%
PTVE	D	0.07%
MRTN	C	0.07%
CARG	B	0.07%
YETI	F	0.07%
SXI	B	0.07%
HALO	C	0.07%
QLYS	C	0.07%
EXPO	D	0.07%
TILE	A	0.07%
GOLF	B	0.07%
REXR	F	0.07%
NX	C	0.07%
ONTO	F	0.07%
ZWS	B	0.07%
TRIP	D	0.07%
GO	D	0.07%
PLAB	C	0.07%
MRCY	B	0.07%
BDN	C	0.07%
EYE	D	0.07%
ALG	C	0.07%
CAKE	B	0.07%
THRM	F	0.07%
KOS	F	0.07%
ROG	C	0.07%
JJSF	B	0.07%
REVG	B	0.07%
ROIC	A	0.07%
CXT	D	0.07%
ROAD	A	0.07%
MTRN	C	0.07%
CWST	C	0.06%
PSTG	C	0.06%
GTLS	B	0.06%
ADUS	D	0.06%
NTGR	A	0.06%
ENV	C	0.06%
LYFT	C	0.06%
HCSG	B	0.06%
MMI	B	0.06%
PRGS	B	0.06%
KTOS	B	0.06%
CAL	F	0.06%
CNMD	C	0.06%
BLKB	C	0.06%
OEC	F	0.06%
REYN	F	0.06%
SEB	F	0.06%
ECVT	C	0.06%
GES	F	0.06%
EPAC	B	0.06%
WDFC	B	0.06%
AGX	B	0.06%
BNL	D	0.06%
GPRE	F	0.06%
CTS	B	0.06%
EAF	C	0.06%
MELI	D	0.06%
OXM	F	0.06%
CWH	C	0.06%
SONO	C	0.06%
GCI	B	0.06%
SABR	C	0.06%
WHD	B	0.06%
TDOC	D	0.06%
BV	A	0.06%
ATSG	B	0.06%
BSY	F	0.06%
MODG	F	0.06%
AWR	B	0.06%
LGF.A	D	0.06%
PGRE	B	0.06%
FORM	F	0.06%
EMBC	C	0.06%
TNC	F	0.06%
TRS	B	0.06%
SCHL	F	0.06%
HURN	B	0.06%
VSAT	F	0.06%
MEDP	D	0.06%
NSA	D	0.06%
CPK	B	0.06%
KWR	D	0.06%
ELME	C	0.06%
AMRK	F	0.06%
GFS	C	0.06%
HLX	D	0.06%
NBIX	C	0.06%
UIS	B	0.05%
LIVN	C	0.05%
MATV	F	0.05%
AAL	C	0.05%
GRBK	D	0.05%
NEOG	C	0.05%
TRNO	D	0.05%
HZO	C	0.05%
VRE	B	0.05%
ACCO	B	0.05%
AY	B	0.05%
BRBR	A	0.05%
CNDT	C	0.05%
SJW	D	0.05%
GTN	F	0.05%
AZTA	F	0.05%
ALK	B	0.05%
EPRT	C	0.05%
CNXC	F	0.05%
AMCX	D	0.05%
NBR	C	0.05%
HAYW	C	0.05%
NTB	B	0.05%
SXC	A	0.05%
VRRM	F	0.05%
CMCO	C	0.05%
ICHR	C	0.05%
COHU	C	0.05%
CCO	C	0.05%
KLIC	C	0.05%
NOVT	B	0.05%
MRC	B	0.05%
CVI	F	0.05%
CHEF	B	0.05%
DEA	D	0.05%
SMPL	C	0.05%
COTY	F	0.05%
FOXF	F	0.05%
AXL	D	0.05%
HAIN	D	0.05%
SNBR	C	0.05%
SUPN	B	0.05%
SENEA	B	0.04%
ASTH	D	0.04%
NVRI	F	0.04%
GCO	C	0.04%
SFL	F	0.04%
DHT	F	0.04%
CNSL	B	0.04%
ACLS	F	0.04%
VTLE	D	0.04%
ASIX	B	0.04%
ZUMZ	D	0.04%
SWBI	C	0.04%
CPS	C	0.04%
DXPE	B	0.04%
PARR	F	0.04%
SGRY	D	0.04%
BGS	F	0.04%
INSW	F	0.04%
WING	F	0.04%
PEN	C	0.04%
IVT	A	0.04%
CMPR	F	0.04%
RGEN	F	0.04%
INVA	B	0.04%
PUMP	F	0.04%
CSTM	F	0.04%
WFRD	F	0.04%
BZH	C	0.04%
PZZA	C	0.04%
TSE	F	0.04%
GLNG	B	0.04%
NVEE	D	0.04%
CRGY	A	0.04%
EXAS	F	0.04%
AGRO	C	0.04%
RES	F	0.04%
NOG	B	0.04%
LTC	B	0.04%
ENPH	F	0.04%
MATX	B	0.04%
LNN	B	0.04%
FCPT	D	0.04%
W	F	0.04%
SNAP	C	0.04%
RDUS	C	0.04%
JBSS	F	0.04%
HLIO	B	0.04%
ZI	C	0.04%
LSCC	C	0.04%
PODD	B	0.04%
HTLD	C	0.04%
HMST	F	0.03%
WOOF	D	0.03%
USNA	C	0.03%
STNE	F	0.03%
MTUS	C	0.03%
TBI	D	0.03%
CLW	F	0.03%
HSII	A	0.03%
XP	F	0.03%
PEGA	A	0.03%
IHRT	C	0.03%
CRAI	B	0.03%
TKO	D	0.03%
SBLK	F	0.03%
PAGS	F	0.03%
ZIMV	F	0.03%
CVGW	B	0.03%
PRVA	C	0.03%
MXL	C	0.03%
PRLB	B	0.03%
CTRE	C	0.03%
NUS	F	0.03%
ILPT	F	0.03%
MYGN	F	0.03%
THRY	F	0.03%
RGR	F	0.03%
VRNT	F	0.03%
GLDD	B	0.03%
DT	C	0.03%
AMC	F	0.03%
MP	B	0.03%
STNG	F	0.03%
SNOW	C	0.03%
VIR	C	0.03%
RMBS	C	0.03%
CBL	B	0.03%
RDNT	A	0.03%
LEVI	F	0.03%
VAL	F	0.03%
WTTR	B	0.03%
LYV	B	0.03%
CARS	C	0.03%
MNRO	B	0.03%
SSTK	D	0.03%
SCVL	D	0.03%
SPSC	F	0.03%
VSEC	B	0.03%
SMP	C	0.03%
USM	B	0.03%
ASTE	C	0.03%
ALRM	C	0.03%
LPG	F	0.03%
IPAR	C	0.03%
GLOB	B	0.03%
FLWS	C	0.02%
NPK	B	0.02%
FIZZ	B	0.02%
ARKO	D	0.02%
ARCO	F	0.02%
DBI	F	0.02%
OPK	C	0.02%
CLVT	F	0.02%
CTRN	D	0.02%
RYAM	B	0.02%
DAY	A	0.02%
CCSI	B	0.02%
GNK	D	0.02%
CMP	D	0.02%
CSR	B	0.02%
TEN	F	0.02%
RUN	F	0.02%
BRY	F	0.02%
IRWD	D	0.02%
AGL	F	0.02%
AVNS	F	0.02%
EDR	C	0.02%
CSV	B	0.02%
EBF	D	0.02%
WOW	B	0.02%
ALKS	C	0.02%
HVT	F	0.02%
MTW	C	0.02%
WMG	B	0.02%
AVO	B	0.02%
DCO	C	0.02%
CLB	C	0.02%
BJRI	C	0.02%
EVRI	A	0.02%
UTL	C	0.02%
MERC	C	0.02%
CLOV	D	0.02%
SHYF	C	0.02%
XPRO	F	0.02%
WOLF	F	0.02%
ZEUS	D	0.02%
ALTO	F	0.02%
AHCO	F	0.02%
MATW	C	0.02%
SHEN	F	0.02%
OKTA	D	0.02%
DAC	D	0.02%
ETD	F	0.02%
CMRE	C	0.02%
GDEN	C	0.02%
CALX	F	0.02%
BBSI	A	0.02%
SFIX	C	0.02%
IIIN	F	0.01%
VTOL	C	0.01%
LGND	B	0.01%
LESL	D	0.01%
AVD	D	0.01%
MBUU	C	0.01%
PKST	C	0.01%
GPRO	D	0.01%
KE	C	0.01%
GSL	D	0.01%
PETS	C	0.01%
MODV	F	0.01%
BMBL	D	0.01%
NU	B	0.01%
PRM	B	0.01%
CRMT	F	0.01%
SRI	F	0.01%
CENT	D	0.01%
ATNI	F	0.01%
SSP	D	0.01%
GPMT	C	0.01%
JRVR	D	0.01%
SSYS	C	0.01%
MED	D	0.01%
MOV	D	0.01%
CCRN	F	0.01%
IRBT	F	0.01%
MYE	F	0.01%
OPI	F	0.01%
DIN	C	0.01%
FLGT	F	0.01%
TPIC	F	0.01%
VREX	C	0.01%
DENN	C	0.01%
OIS	C	0.01%
RGP	F	0.01%
TITN	D	0.01%
CLDT	C	0.01%
PLCE	C	0.01%
PLOW	D	0.01%
USPH	C	0.01%
MEI	F	0.01%
GTY	B	0.01%
CHGG	F	0.0%
MGPI	F	0.0%
PCRX	D	0.0%
GIC	F	0.0%
SEG	D	0.0%
ALGM	F	0.0%
TWI	F	0.0%
HY	F	0.0%
EVH	F	0.0%
CRNC	D	0.0%
WTI	D	0.0%
GSM	F	0.0%
HAYN	A	0.0%
AMPH	D	0.0%
THR	F	0.0%
DNUT	D	0.0%
INMD	C	0.0%
SPWH	F	0.0%
CMTL	F	0.0%
ONEW	C	0.0%
TTEC	F	0.0%
AOSL	F	0.0%
REX	C	0.0%
LXU	C	0.0%
HOV	D	0.0%
CRVL	B	0.0%
AMRC	F	0.0%
IIPR	F	0.0%
NR	D	0.0%
SEDG	F	0.0%

FNDA Underweight 197 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	B	-8.34%
BRK.A	C	-7.98%
V	B	-5.91%
MA	A	-5.52%
BAC	B	-3.88%
WFC	B	-2.91%
GS	B	-2.22%
SPGI	D	-2.15%
AXP	B	-2.13%
PGR	B	-1.9%
MS	B	-1.89%
C	B	-1.58%
BX	A	-1.57%
CB	D	-1.51%
FI	B	-1.49%
MMC	C	-1.45%
SCHW	B	-1.41%
ICE	D	-1.22%
KKR	B	-1.11%
CME	B	-1.06%
PYPL	A	-1.03%
MCO	C	-1.03%
USB	B	-1.01%
PNC	A	-0.97%
AON	B	-0.91%
AJG	C	-0.82%
AFL	D	-0.81%
COF	B	-0.79%
TRV	B	-0.78%
TFC	B	-0.75%
BK	B	-0.74%
AIG	C	-0.69%
MET	C	-0.68%
ALL	B	-0.67%
AMP	B	-0.67%
FIS	C	-0.65%
MSCI	B	-0.62%
PRU	C	-0.6%
ACGL	D	-0.53%
SQ	C	-0.53%
DFS	B	-0.49%
HIG	C	-0.48%
MTB	B	-0.43%
FITB	B	-0.41%
NDAQ	B	-0.41%
WTW	B	-0.39%
STT	B	-0.36%
RJF	B	-0.35%
BRO	B	-0.34%
GPN	C	-0.34%
TROW	B	-0.33%
CPAY	B	-0.3%
RF	B	-0.29%
CINF	B	-0.29%
HBAN	B	-0.29%
SYF	B	-0.29%
CBOE	D	-0.28%
MKL	B	-0.27%
PFG	C	-0.27%
FCNCA	B	-0.27%
NTRS	B	-0.26%
CFG	B	-0.25%
LPLA	A	-0.25%
WRB	B	-0.24%
EG	D	-0.22%
FNF	C	-0.21%
KEY	B	-0.21%
L	A	-0.2%
RGA	B	-0.19%
EQH	B	-0.19%
JKHY	C	-0.18%
HOOD	A	-0.18%
EWBC	B	-0.17%
CG	B	-0.16%
JEF	B	-0.15%
UNM	B	-0.14%
AFRM	B	-0.14%
AIZ	A	-0.14%
OWL	B	-0.14%
ORI	B	-0.13%
ALLY	C	-0.13%
SOFI	A	-0.13%
PRI	A	-0.13%
AFG	B	-0.13%
GL	C	-0.13%
EVR	B	-0.13%
FHN	B	-0.12%
VOYA	B	-0.11%
CMA	B	-0.11%
ZION	B	-0.1%
BPOP	D	-0.1%
SNV	B	-0.1%
SEIC	B	-0.1%
FAF	D	-0.09%
JXN	B	-0.09%
MTG	D	-0.09%
RYAN	B	-0.09%
STWD	D	-0.08%
BEN	C	-0.08%
OMF	A	-0.08%
IVZ	B	-0.08%
AMG	C	-0.08%
FOUR	B	-0.07%
THG	A	-0.07%
JHG	A	-0.07%
LNC	B	-0.07%
CNO	B	-0.06%
SLM	B	-0.06%
UPST	B	-0.05%
OSCR	F	-0.04%
WU	F	-0.04%
GNW	C	-0.04%
BHF	B	-0.04%
TRUP	C	-0.03%
NATL	C	-0.03%
BANC	B	-0.03%
MQ	F	-0.03%
PAYO	A	-0.03%
GSHD	B	-0.03%
PLMR	C	-0.03%
GABC	B	-0.02%
WT	B	-0.02%
ACT	D	-0.02%
QCRH	B	-0.02%
NAVI	F	-0.02%
LC	B	-0.02%
SPNT	C	-0.02%
LOB	C	-0.02%
SKWD	A	-0.02%
SYBT	B	-0.02%
FRHC	B	-0.02%
TFIN	B	-0.02%
FLYW	C	-0.02%
CLBK	B	-0.01%
PGC	B	-0.01%
SPFI	B	-0.01%
HONE	C	-0.01%
CCBG	B	-0.01%
NRDS	B	-0.01%
GSBC	B	-0.01%
PX	B	-0.01%
BHB	B	-0.01%
NFBK	B	-0.01%
PAY	A	-0.01%
SMBC	B	-0.01%
TIPT	B	-0.01%
LPRO	D	-0.01%
TRST	B	-0.01%
THFF	B	-0.01%
AMTB	B	-0.01%
MCB	B	-0.01%
FSBC	B	-0.01%
FMNB	C	-0.01%
EZPW	B	-0.01%
RBCAA	B	-0.01%
CAC	B	-0.01%
IIIV	B	-0.01%
BFST	B	-0.01%
IMXI	B	-0.01%
EQBK	B	-0.01%
TFSL	B	-0.01%
CTLP	C	-0.01%
BFH	B	-0.01%
TREE	D	-0.01%
CCB	B	-0.01%
RPAY	C	-0.01%
CASS	B	-0.01%
MCBS	B	-0.01%
UWMC	F	-0.01%
HTBK	B	-0.01%
OSBC	B	-0.01%
FCBC	B	-0.01%
FG	B	-0.01%
AMAL	B	-0.01%
HBNC	B	-0.01%
FMBH	B	-0.01%
BFC	B	-0.01%
BY	B	-0.01%
CFB	C	-0.01%
BHRB	B	-0.01%
DX	B	-0.01%
MBWM	B	-0.01%
CTBI	B	-0.01%
FBMS	B	-0.01%
OBK	B	-0.01%
IBCP	B	-0.01%
LMND	B	-0.01%
UVSP	B	-0.01%
MBIN	F	-0.01%
DCOM	B	-0.01%
EFC	D	-0.01%
HCI	B	-0.01%
AROW	B	-0.0%
GCBC	C	-0.0%
DGICA	B	-0.0%
HGTY	B	-0.0%
HBT	B	-0.0%