FNDA vs. FRI ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to First Trust S&P REIT Index Fund (FRI)

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

$58.33

Average Daily Volume

251,695

Number of Holdings ^*

995

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI 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 S&P United States REIT Index. 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 index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

71,075

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FRI
30 Days	0.14%	1.16%
60 Days	4.58%	6.74%
90 Days	7.83%	14.92%
12 Months	26.92%	35.52%

66 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FRI	Overlap
AAT	C	0.07%	0.1%	0.07%
ADC	B	0.07%	0.61%	0.07%
AKR	C	0.08%	0.2%	0.08%
ALEX	D	0.09%	0.11%	0.09%
AMH	D	0.19%	0.99%	0.19%
APLE	D	0.17%	0.28%	0.17%
BDN	A	0.07%	0.08%	0.07%
BNL	C	0.07%	0.29%	0.07%
CBL	D	0.03%	0.03%	0.03%
CLDT	D	0.02%	0.04%	0.02%
COLD	D	0.21%	0.61%	0.21%
CSR	D	0.02%	0.09%	0.02%
CTRE	B	0.03%	0.39%	0.03%
CUBE	C	0.2%	0.98%	0.2%
CUZ	C	0.19%	0.37%	0.19%
DEA	D	0.06%	0.11%	0.06%
DEI	A	0.22%	0.24%	0.22%
DHC	B	0.16%	0.07%	0.07%
DRH	C	0.12%	0.15%	0.12%
EGP	D	0.09%	0.75%	0.09%
ELS	D	0.21%	1.09%	0.21%
EPR	C	0.15%	0.3%	0.15%
EPRT	C	0.05%	0.49%	0.05%
ESRT	C	0.1%	0.12%	0.1%
FCPT	C	0.05%	0.22%	0.05%
FR	C	0.12%	0.6%	0.12%
FRT	D	0.23%	0.7%	0.23%
GNL	D	0.09%	0.14%	0.09%
GTY	C	0.02%	0.13%	0.02%
HIW	C	0.22%	0.29%	0.22%
HPP	F	0.13%	0.06%	0.06%
IIPR	C	0.01%	0.32%	0.01%
ILPT	D	0.04%	0.02%	0.02%
IRT	C	0.07%	0.38%	0.07%
IVT	C	0.04%	0.16%	0.04%
JBGS	C	0.14%	0.13%	0.13%
KRC	C	0.22%	0.34%	0.22%
KRG	C	0.1%	0.47%	0.1%
LTC	D	0.04%	0.13%	0.04%
LXP	D	0.09%	0.25%	0.09%
MAC	C	0.27%	0.31%	0.27%
NHI	C	0.1%	0.3%	0.1%
NNN	A	0.18%	0.72%	0.18%
NSA	C	0.08%	0.27%	0.08%
OHI	C	0.27%	0.86%	0.27%
OPI	F	0.02%	0.01%	0.01%
OUT	C	0.16%	0.21%	0.16%
PDM	C	0.09%	0.1%	0.09%
PEB	D	0.08%	0.13%	0.08%
PECO	C	0.11%	0.38%	0.11%
PGRE	D	0.06%	0.07%	0.06%
PKST	D	0.01%	0.04%	0.01%
REXR	D	0.09%	0.91%	0.09%
RHP	C	0.09%	0.54%	0.09%
RLJ	D	0.12%	0.12%	0.12%
ROIC	C	0.07%	0.16%	0.07%
SBRA	C	0.19%	0.35%	0.19%
SHO	D	0.11%	0.18%	0.11%
SKT	A	0.1%	0.29%	0.1%
SLG	C	0.15%	0.37%	0.15%
STAG	D	0.12%	0.58%	0.12%
SVC	F	0.17%	0.07%	0.07%
TRNO	D	0.05%	0.53%	0.05%
UE	C	0.09%	0.21%	0.09%
UNIT	B	0.23%	0.11%	0.11%
XHR	B	0.11%	0.13%	0.11%

FNDA Overweight 929 Positions Relative to FRI

Symbol	Grade	Weight
SATS	C	0.5%
ANF	F	0.36%
RCL	C	0.35%
UTHR	C	0.31%
FICO	A	0.31%
MHO	C	0.29%
FLS	A	0.27%
GME	F	0.27%
WAL	C	0.27%
HCC	B	0.27%
UAL	B	0.27%
SLVM	C	0.26%
CRUS	D	0.26%
CLH	C	0.26%
TXRH	A	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	A	0.25%
RDN	D	0.25%
SPB	C	0.24%
CRS	C	0.24%
HEI	A	0.24%
AIT	B	0.24%
BKH	C	0.24%
COIN	F	0.24%
SCCO	B	0.24%
FIX	A	0.23%
AVNT	C	0.23%
Z	C	0.23%
BWXT	A	0.23%
CCS	C	0.23%
CBT	B	0.23%
TTEK	B	0.23%
SMG	A	0.23%
UAA	B	0.23%
XPO	F	0.23%
SEM	D	0.22%
RXO	D	0.22%
CWK	C	0.22%
ELAN	D	0.22%
AGNC	C	0.22%
PLXS	B	0.22%
VMI	B	0.22%
FCN	C	0.22%
ENS	D	0.21%
WBS	D	0.21%
CR	B	0.21%
BHE	C	0.21%
GEO	F	0.21%
AMKR	F	0.21%
KFY	C	0.21%
GHC	B	0.21%
HRI	C	0.21%
ESI	B	0.21%
GVA	A	0.21%
MOG.A	A	0.21%
DBRG	D	0.21%
CROX	C	0.21%
COOP	B	0.21%
VSCO	C	0.21%
IDA	C	0.2%
KEX	C	0.2%
SR	C	0.2%
STC	C	0.2%
INCY	B	0.2%
SBH	C	0.2%
BYD	C	0.2%
FDS	C	0.2%
OGS	C	0.2%
PATK	C	0.2%
GMS	C	0.2%
SHOO	A	0.2%
VIRT	B	0.2%
FNB	D	0.2%
ASH	F	0.2%
SAIA	D	0.2%
MAT	D	0.2%
WH	C	0.2%
VRT	B	0.2%
TPC	A	0.2%
AWI	A	0.2%
LCII	B	0.2%
PB	D	0.2%
LOPE	D	0.2%
GATX	F	0.2%
FDP	C	0.2%
RPRX	B	0.2%
CFR	D	0.19%
FUL	F	0.19%
NYT	A	0.19%
URBN	F	0.19%
PINC	F	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%
OMI	F	0.19%
WYNN	B	0.19%
LFUS	C	0.19%
ADTN	B	0.19%
CADE	D	0.19%
WTFC	D	0.19%
MTCH	B	0.19%
ENTG	D	0.19%
NVST	D	0.19%
PFSI	C	0.19%
PNM	B	0.19%
PNFP	D	0.19%
LITE	A	0.19%
IMKTA	F	0.19%
SPR	D	0.19%
ZM	C	0.19%
EEFT	F	0.18%
LGIH	C	0.18%
NJR	C	0.18%
HXL	F	0.18%
ASB	F	0.18%
CSGP	F	0.18%
TTMI	D	0.18%
NWE	B	0.18%
PSMT	B	0.18%
VLY	C	0.18%
BCO	C	0.18%
NOMD	D	0.18%
PDCO	F	0.18%
MPWR	B	0.18%
SSD	B	0.18%
HWC	D	0.18%
CBSH	D	0.18%
ACA	C	0.18%
OZK	F	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%
COLB	C	0.17%
AVA	D	0.17%
WMK	D	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%
FHB	D	0.17%
ALE	A	0.17%
HLI	C	0.17%
MOD	B	0.17%
ACIW	B	0.17%
ATGE	D	0.17%
CXW	F	0.17%
UNF	A	0.17%
CALM	B	0.17%
JBLU	B	0.17%
OLLI	C	0.17%
UBSI	D	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	B	0.16%
LAUR	C	0.16%
SCS	D	0.16%
FND	C	0.16%
PHIN	C	0.16%
WMS	D	0.16%
UVV	D	0.16%
DASH	A	0.16%
GBX	C	0.16%
SMCI	F	0.16%
ENVA	D	0.16%
SLAB	D	0.16%
ACHC	F	0.16%
MTX	B	0.15%
CHDN	D	0.15%
SFNC	C	0.15%
TDC	D	0.15%
MLKN	F	0.15%
IGT	F	0.15%
AGO	B	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%
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	B	0.15%
VEEV	C	0.15%
RYN	C	0.15%
FWRD	D	0.15%
WAFD	D	0.15%
SXT	C	0.15%
AGR	C	0.15%
PIPR	B	0.15%
WTM	D	0.15%
GEF	D	0.15%
ROL	B	0.15%
RGLD	C	0.14%
TYL	B	0.14%
SAH	D	0.14%
RNR	A	0.14%
PLUS	C	0.14%
APP	A	0.14%
LBRT	F	0.14%
SLGN	C	0.14%
DLB	D	0.14%
CVCO	B	0.14%
ENSG	D	0.14%
MKTX	C	0.14%
SUM	D	0.14%
MASI	B	0.14%
WTS	C	0.14%
IAC	C	0.14%
YELP	D	0.14%
APAM	C	0.14%
AMR	F	0.14%
ZD	D	0.14%
ICUI	B	0.14%
GBCI	C	0.14%
HRB	C	0.14%
COMM	C	0.14%
NMRK	A	0.14%
GTES	C	0.14%
CATY	D	0.14%
KTB	B	0.14%
B	C	0.14%
CBRL	D	0.14%
H	C	0.14%
ARES	A	0.14%
VSTO	D	0.13%
CNK	C	0.13%
BRKR	D	0.13%
FELE	C	0.13%
DBX	B	0.13%
VRSN	B	0.13%
JAZZ	F	0.13%
EAT	A	0.13%
ITRI	C	0.13%
MSM	D	0.13%
APO	A	0.13%
RRC	D	0.13%
TWLO	B	0.13%
AROC	B	0.13%
PPC	B	0.13%
TPG	B	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%
WEN	D	0.13%
APG	F	0.13%
SCL	D	0.13%
AMWD	B	0.13%
DNOW	F	0.13%
MMS	B	0.13%
TNL	B	0.13%
ETSY	F	0.13%
GMED	D	0.13%
WDAY	D	0.12%
BOH	D	0.12%
IBP	B	0.12%
BGC	C	0.12%
CRL	F	0.12%
MANH	C	0.12%
EXLS	A	0.12%
PTC	D	0.12%
CHX	D	0.12%
TNET	F	0.12%
RLI	A	0.12%
CABO	F	0.12%
ECPG	F	0.12%
ITGR	C	0.12%
TECH	C	0.12%
FSS	B	0.12%
APOG	B	0.12%
DNB	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	F	0.12%
AIR	D	0.12%
FTI	B	0.12%
JWN	D	0.12%
ABNB	D	0.12%
RIG	F	0.12%
AEO	B	0.12%
BOOT	A	0.12%
IPGP	D	0.12%
ATKR	F	0.12%
MCY	B	0.12%
CHE	C	0.12%
VGR	B	0.11%
FN	B	0.11%
NGVT	D	0.11%
DDS	D	0.11%
FIBK	D	0.11%
IDCC	A	0.11%
LRN	C	0.11%
FIVE	D	0.11%
HGV	F	0.11%
CPNG	C	0.11%
HOPE	D	0.11%
DORM	C	0.11%
MWA	A	0.11%
CIVI	F	0.11%
RYI	F	0.11%
HLF	F	0.11%
WSC	D	0.11%
HTH	D	0.11%
PLNT	B	0.11%
PSN	A	0.11%
AXS	A	0.11%
EPC	F	0.11%
COMP	C	0.11%
VSH	F	0.11%
BCPC	C	0.1%
ROKU	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	B	0.1%
HEES	D	0.1%
ICFI	C	0.1%
MSA	F	0.1%
KALU	D	0.1%
AIN	F	0.1%
PBH	D	0.1%
PINS	D	0.1%
VIAV	B	0.1%
PLTR	A	0.1%
FFBC	D	0.1%
PPBI	F	0.1%
LANC	F	0.1%
VC	F	0.1%
CWEN	C	0.1%
BANR	C	0.1%
WWW	A	0.1%
JBT	B	0.1%
BOKF	D	0.1%
FHI	C	0.1%
ABR	C	0.1%
AZZ	C	0.1%
MORN	C	0.1%
AEIS	F	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	C	0.09%
STRL	B	0.09%
OLED	C	0.09%
POWI	F	0.09%
PRIM	C	0.09%
RBC	C	0.09%
SYNA	D	0.09%
BLMN	F	0.09%
MGEE	C	0.09%
STRA	F	0.09%
SASR	C	0.09%
ONTO	B	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%
BMRN	F	0.09%
GFF	C	0.09%
SCSC	D	0.09%
OSIS	B	0.09%
PFS	D	0.09%
CENTA	F	0.09%
PMT	C	0.09%
UCBI	B	0.09%
KELYA	D	0.09%
HI	F	0.09%
NPO	C	0.09%
CVBF	B	0.09%
IBKR	A	0.09%
HOMB	D	0.09%
TRMK	D	0.09%
PBI	C	0.09%
BXC	D	0.09%
OTTR	F	0.09%
JACK	F	0.09%
CNXN	C	0.09%
ENR	B	0.09%
ORA	C	0.09%
SAM	D	0.09%
BKE	D	0.09%
ATI	B	0.09%
TALO	F	0.08%
KN	C	0.08%
HWKN	A	0.08%
NWBI	D	0.08%
ROG	D	0.08%
NMIH	C	0.08%
LBRDK	B	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	A	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	B	0.08%
KOS	F	0.08%
RAMP	F	0.08%
MYRG	F	0.08%
BKD	D	0.08%
ESE	B	0.08%
THRM	F	0.08%
SCHL	F	0.08%
YETI	B	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	B	0.08%
KLG	D	0.08%
ARI	F	0.08%
KW	B	0.08%
MGRC	D	0.08%
OPEN	F	0.08%
IRDM	B	0.08%
NSP	F	0.08%
NWN	C	0.08%
NNI	C	0.07%
CWH	C	0.07%
HHH	C	0.07%
FOXF	F	0.07%
LGF.A	F	0.07%
CAL	F	0.07%
CARG	C	0.07%
NBTB	D	0.07%
NX	F	0.07%
CPK	C	0.07%
ZWS	A	0.07%
SNBR	C	0.07%
GCI	B	0.07%
KOP	F	0.07%
MRCY	B	0.07%
BMI	A	0.07%
CNA	D	0.07%
TNC	F	0.07%
HALO	D	0.07%
SABR	B	0.07%
PTVE	D	0.07%
ENPH	D	0.07%
DFIN	C	0.07%
OXM	F	0.07%
REYN	D	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%
ALG	D	0.07%
MRTN	F	0.07%
COTY	F	0.07%
REVG	D	0.07%
OMCL	C	0.07%
HLX	D	0.07%
CVI	F	0.07%
AAON	A	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	B	0.07%
GOLF	F	0.07%
MTRN	F	0.07%
GRBK	C	0.06%
PLAY	D	0.06%
SONO	D	0.06%
HURN	D	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	F	0.06%
WDFC	B	0.06%
FBP	D	0.06%
TDOC	D	0.06%
ADUS	D	0.06%
PRGS	B	0.06%
AXL	F	0.06%
MMI	C	0.06%
ENV	C	0.06%
CSTM	F	0.06%
CRK	B	0.06%
HQY	C	0.06%
CASH	D	0.06%
GFS	F	0.06%
CNMD	D	0.06%
VRRM	D	0.06%
BUSE	D	0.06%
BSIG	D	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	A	0.06%
NBIX	F	0.06%
AWR	A	0.06%
TRIP	F	0.06%
STBA	D	0.06%
KWR	D	0.06%
HMN	B	0.06%
GWRE	A	0.06%
OEC	F	0.06%
DLX	F	0.06%
W	D	0.06%
SXI	C	0.06%
BSY	D	0.06%
PR	F	0.06%
FBNC	D	0.05%
CNDT	B	0.05%
PODD	C	0.05%
ATSG	B	0.05%
INSW	B	0.05%
MYGN	D	0.05%
MRC	D	0.05%
LSCC	D	0.05%
COHU	F	0.05%
SUPN	D	0.05%
MATV	F	0.05%
CODI	D	0.05%
ACLS	F	0.05%
NTB	D	0.05%
HAYW	B	0.05%
KLIC	D	0.05%
LIVN	B	0.05%
AMCX	F	0.05%
HTLD	F	0.05%
AY	C	0.05%
PTON	C	0.05%
NTGR	C	0.05%
PRFT	A	0.05%
TSE	B	0.05%
NEOG	D	0.05%
SJW	D	0.05%
EPAC	C	0.05%
ICHR	D	0.05%
CMCO	D	0.05%
CCO	D	0.05%
JBSS	F	0.05%
NVRI	D	0.05%
CTS	B	0.05%
NOVT	C	0.05%
ECVT	F	0.05%
SGH	D	0.05%
EXAS	C	0.05%
HZO	D	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%
CHEF	C	0.05%
EFSC	D	0.05%
WHD	B	0.05%
HCSG	D	0.05%
HAIN	B	0.05%
BV	B	0.05%
IART	F	0.05%
TILE	C	0.05%
SSTK	F	0.04%
ASTH	A	0.04%
CRGY	B	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	B	0.04%
ASIX	A	0.04%
HMST	B	0.04%
NOG	F	0.04%
ZUMZ	D	0.04%
PZZA	D	0.04%
SWBI	F	0.04%
CNSL	A	0.04%
LKFN	F	0.04%
MATX	C	0.04%
NVEE	F	0.04%
AAN	C	0.04%
AAL	D	0.04%
WFRD	F	0.04%
AGX	A	0.04%
SCVL	D	0.04%
HLIO	B	0.04%
INVA	B	0.04%
RNST	D	0.04%
DHT	B	0.04%
PRAA	F	0.04%
VRTS	F	0.04%
ZI	F	0.04%
STNG	D	0.04%
GLNG	A	0.04%
RGEN	F	0.04%
TOST	C	0.04%
CMPR	F	0.04%
SFL	D	0.04%
LEVI	B	0.04%
LNN	C	0.04%
SNAP	D	0.04%
AGRO	C	0.04%
RES	D	0.04%
ALK	B	0.04%
PARR	F	0.04%
RDUS	D	0.04%
ACCO	C	0.04%
RKT	C	0.04%
BRBR	C	0.04%
SGRY	C	0.04%
CHCO	D	0.04%
BZH	C	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	C	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	C	0.03%
GLDD	B	0.03%
CLVT	D	0.03%
EGBN	B	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	B	0.03%
AGL	F	0.03%
WOOF	A	0.03%
ETD	C	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%
DT	C	0.03%
ASTE	F	0.03%
TKO	A	0.03%
SNOW	F	0.03%
MXL	F	0.03%
RWT	C	0.03%
MP	B	0.03%
AMC	F	0.03%
RUN	D	0.03%
PAGS	F	0.03%
USM	C	0.03%
ZIMV	F	0.03%
DXPE	C	0.03%
RGR	F	0.03%
RDNT	C	0.03%
TRTX	D	0.03%
PRA	B	0.03%
SMP	D	0.03%
CARS	F	0.03%
GLOB	B	0.03%
PEN	D	0.03%
SFBS	D	0.03%
MNRO	B	0.03%
VRNT	F	0.03%
THRY	F	0.03%
EAF	C	0.03%
SENEA	C	0.03%
CPS	F	0.03%
ALRM	F	0.03%
UIS	C	0.03%
RC	F	0.03%
GCO	F	0.03%
NUS	F	0.03%
SBLK	B	0.03%
RGP	F	0.02%
NPK	F	0.02%
CLOV	B	0.02%
IRBT	D	0.02%
AMBC	F	0.02%
RYAM	B	0.02%
BRSP	D	0.02%
FIZZ	D	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%
CNOB	C	0.02%
MTW	F	0.02%
TCBK	D	0.02%
SHYF	D	0.02%
BJRI	D	0.02%
ALTO	D	0.02%
HASI	C	0.02%
ALKS	B	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	B	0.02%
MATW	F	0.02%
OCFC	C	0.02%
HSII	C	0.02%
BBSI	C	0.02%
DCO	A	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	A	0.02%
RMBS	F	0.02%
TEN	B	0.02%
OKTA	F	0.02%
EBF	C	0.02%
CRAI	C	0.02%
PEGA	B	0.02%
VIR	F	0.02%
AVNS	D	0.02%
DBI	F	0.02%
VSEC	D	0.02%
TNK	B	0.02%
VTOL	D	0.01%
LGND	D	0.01%
HLNE	A	0.01%
HOV	D	0.01%
MBUU	D	0.01%
AMRC	C	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	C	0.01%
MODV	F	0.01%
BMBL	F	0.01%
NU	D	0.01%
PRM	B	0.01%
GSL	B	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	B	0.01%
ATNI	B	0.01%
KRNY	C	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	F	0.0%
HY	F	0.0%
GSM	D	0.0%
MSBI	F	0.0%
TTEC	D	0.0%
DNUT	D	0.0%
PEBO	F	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	B	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 59 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-9.52%
EQIX	B	-6.85%
WELL	C	-6.01%
PSA	C	-4.61%
O	A	-4.47%
SPG	A	-4.19%
DLR	C	-4.09%
EXR	C	-3.07%
VICI	C	-2.83%
IRM	A	-2.82%
AVB	C	-2.64%
VTR	C	-2.16%
EQR	C	-2.08%
INVH	D	-1.64%
ESS	C	-1.55%
ARE	D	-1.55%
MAA	C	-1.52%
DOC	C	-1.3%
SUI	D	-1.3%
KIM	C	-1.27%
GLPI	A	-1.15%
WPC	C	-1.13%
UDR	C	-1.11%
CPT	C	-1.09%
HST	D	-1.05%
LAMR	C	-0.96%
BXP	C	-0.96%
REG	C	-0.95%
BRX	C	-0.68%
VNO	A	-0.53%
MPW	C	-0.29%
PK	D	-0.25%
EQC	D	-0.17%
UMH	C	-0.11%
AIV	C	-0.1%
NTST	D	-0.1%
NXRT	D	-0.08%
PLYM	D	-0.07%
GOOD	A	-0.06%
AHH	F	-0.06%
INN	A	-0.06%
UHT	C	-0.05%
WSR	C	-0.05%
GMRE	C	-0.05%
CHCT	F	-0.04%
FPI	D	-0.04%
LAND	D	-0.04%
BFS	A	-0.04%
ALX	C	-0.04%
PSTL	C	-0.03%
CTO	D	-0.03%
OLP	C	-0.03%
BHR	C	-0.02%
BRT	D	-0.02%
PINE	C	-0.02%
NXDT	C	-0.02%
CIO	C	-0.02%
FSP	D	-0.01%
MDV	C	-0.01%