FNDA vs. FSMD ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Fidelity Small-Mid Factor ETF (FSMD)

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

$31.53

Average Daily Volume

459,847

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$43.88

Average Daily Volume

90,280

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FSMD
30 Days	6.02%	5.58%
60 Days	8.82%	9.41%
90 Days	13.46%	13.29%
12 Months	35.86%	40.00%

334 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FSMD	Overlap
AAON	B	0.08%	0.21%	0.08%
AAT	C	0.07%	0.1%	0.07%
ACA	B	0.19%	0.15%	0.15%
ACIW	B	0.18%	0.18%	0.18%
ADC	B	0.07%	0.21%	0.07%
ADTN	B	0.19%	0.12%	0.12%
ADUS	D	0.06%	0.12%	0.06%
AEO	F	0.1%	0.13%	0.1%
AGR	C	0.15%	0.14%	0.14%
AGX	B	0.06%	0.15%	0.06%
AIT	A	0.27%	0.22%	0.22%
ALE	A	0.16%	0.16%	0.16%
ALKS	B	0.02%	0.17%	0.02%
ALRM	C	0.03%	0.11%	0.03%
AMCX	C	0.05%	0.08%	0.05%
AMED	F	0.13%	0.14%	0.13%
AMH	D	0.17%	0.26%	0.17%
AMKR	F	0.18%	0.11%	0.11%
AMN	F	0.12%	0.07%	0.07%
AMPH	C	0.0%	0.14%	0.0%
AMR	C	0.13%	0.1%	0.1%
ANDE	D	0.12%	0.08%	0.08%
ANF	D	0.32%	0.19%	0.19%
APAM	B	0.15%	0.14%	0.14%
APOG	B	0.14%	0.11%	0.11%
AROC	B	0.14%	0.15%	0.14%
ASB	B	0.22%	0.14%	0.14%
ASH	F	0.19%	0.13%	0.13%
ASTH	F	0.04%	0.13%	0.04%
ATGE	B	0.19%	0.14%	0.14%
AVA	D	0.15%	0.14%	0.14%
AWI	A	0.22%	0.18%	0.18%
AX	B	0.11%	0.13%	0.11%
AXS	B	0.11%	0.19%	0.11%
AZZ	B	0.1%	0.1%	0.1%
BBSI	A	0.02%	0.09%	0.02%
BCO	F	0.15%	0.14%	0.14%
BCPC	B	0.1%	0.17%	0.1%
BFAM	F	0.12%	0.19%	0.12%
BGC	B	0.13%	0.16%	0.13%
BHE	B	0.22%	0.11%	0.11%
BKE	A	0.09%	0.11%	0.09%
BKH	B	0.22%	0.16%	0.16%
BLD	F	0.11%	0.26%	0.11%
BMI	B	0.07%	0.18%	0.07%
BNL	D	0.06%	0.14%	0.06%
BRBR	A	0.05%	0.24%	0.05%
BRC	B	0.07%	0.12%	0.07%
BRKR	F	0.1%	0.17%	0.1%
BRY	F	0.02%	0.09%	0.02%
BSY	D	0.06%	0.27%	0.06%
BWXT	A	0.24%	0.25%	0.24%
BYD	A	0.21%	0.17%	0.17%
CALM	A	0.2%	0.15%	0.15%
CASH	A	0.07%	0.12%	0.07%
CATY	B	0.17%	0.14%	0.14%
CBSH	A	0.2%	0.2%	0.2%
CBT	B	0.23%	0.18%	0.18%
CBZ	B	0.08%	0.12%	0.08%
CEIX	B	0.15%	0.16%	0.15%
CHCO	B	0.05%	0.11%	0.05%
CHDN	C	0.15%	0.23%	0.15%
CHE	D	0.11%	0.21%	0.11%
CHH	B	0.08%	0.14%	0.08%
CHRD	F	0.12%	0.21%	0.12%
CIVI	F	0.11%	0.15%	0.11%
CLH	B	0.26%	0.26%	0.26%
CLW	F	0.03%	0.05%	0.03%
CNM	D	0.13%	0.18%	0.13%
CNX	B	0.17%	0.22%	0.17%
CNXC	F	0.05%	0.07%	0.05%
CNXN	C	0.09%	0.08%	0.08%
COKE	D	0.13%	0.16%	0.13%
COLM	B	0.18%	0.13%	0.13%
COOP	B	0.22%	0.18%	0.18%
CORT	B	0.1%	0.19%	0.1%
CPF	B	0.03%	0.1%	0.03%
CR	B	0.22%	0.21%	0.21%
CRAI	B	0.03%	0.1%	0.03%
CROX	F	0.14%	0.17%	0.14%
CRUS	F	0.21%	0.16%	0.16%
CRVL	B	0.0%	0.14%	0.0%
CSV	B	0.02%	0.1%	0.02%
CSWI	B	0.08%	0.17%	0.08%
CTRE	C	0.03%	0.16%	0.03%
CTS	B	0.06%	0.11%	0.06%
CUBE	D	0.17%	0.26%	0.17%
CUBI	B	0.07%	0.08%	0.07%
CUZ	C	0.19%	0.17%	0.17%
CVCO	B	0.14%	0.15%	0.14%
CVLT	B	0.14%	0.2%	0.14%
CXT	D	0.07%	0.11%	0.07%
CXW	B	0.23%	0.09%	0.09%
DBX	B	0.13%	0.19%	0.13%
DDS	C	0.1%	0.1%	0.1%
DEA	D	0.05%	0.1%	0.05%
DEI	C	0.22%	0.14%	0.14%
DLB	C	0.13%	0.15%	0.13%
DORM	B	0.13%	0.18%	0.13%
DTM	A	0.22%	0.28%	0.22%
DY	C	0.23%	0.15%	0.15%
EBF	D	0.02%	0.07%	0.02%
EEFT	C	0.17%	0.15%	0.15%
EIG	B	0.09%	0.11%	0.09%
ELAN	D	0.19%	0.18%	0.18%
ELS	C	0.19%	0.29%	0.19%
ENS	D	0.2%	0.13%	0.13%
ENSG	C	0.13%	0.24%	0.13%
ENVA	A	0.19%	0.13%	0.13%
EPAC	B	0.06%	0.12%	0.06%
EPRT	C	0.05%	0.18%	0.05%
ERIE	F	0.07%	0.24%	0.07%
ESAB	B	0.18%	0.2%	0.18%
ESGR	C	0.05%	0.15%	0.05%
ESI	B	0.22%	0.18%	0.18%
ESNT	D	0.15%	0.17%	0.15%
ETD	D	0.02%	0.08%	0.02%
EXEL	B	0.2%	0.29%	0.2%
EXLS	A	0.13%	0.2%	0.13%
EXPO	D	0.07%	0.14%	0.07%
FBP	B	0.06%	0.13%	0.06%
FCN	D	0.19%	0.17%	0.17%
FELE	B	0.13%	0.13%	0.13%
FHI	A	0.11%	0.15%	0.11%
FIX	B	0.24%	0.32%	0.24%
FIZZ	B	0.02%	0.09%	0.02%
FLS	B	0.29%	0.19%	0.19%
FN	B	0.1%	0.22%	0.1%
FORM	D	0.06%	0.11%	0.06%
FR	D	0.1%	0.19%	0.1%
FRT	C	0.22%	0.22%	0.22%
FSS	C	0.11%	0.14%	0.11%
FTDR	B	0.09%	0.17%	0.09%
FTI	B	0.13%	0.28%	0.13%
FUL	F	0.18%	0.13%	0.13%
FULT	B	0.14%	0.13%	0.13%
GEO	B	0.34%	0.1%	0.1%
GHC	B	0.24%	0.14%	0.14%
GIC	D	0.0%	0.06%	0.0%
GIII	C	0.18%	0.11%	0.11%
GMED	B	0.15%	0.23%	0.15%
GOLF	B	0.07%	0.1%	0.07%
GTES	B	0.16%	0.13%	0.13%
GWRE	A	0.07%	0.35%	0.07%
HAE	B	0.08%	0.13%	0.08%
HALO	B	0.07%	0.21%	0.07%
HCC	C	0.3%	0.13%	0.13%
HCSG	B	0.06%	0.08%	0.06%
HE	F	0.15%	0.08%	0.08%
HIW	D	0.21%	0.14%	0.14%
HLI	B	0.19%	0.24%	0.19%
HLNE	B	0.01%	0.22%	0.01%
HMN	B	0.07%	0.12%	0.07%
HNI	B	0.17%	0.1%	0.1%
HRB	D	0.13%	0.23%	0.13%
HSII	B	0.03%	0.08%	0.03%
HWKN	C	0.07%	0.1%	0.07%
IBKR	A	0.11%	0.38%	0.11%
IBOC	B	0.11%	0.13%	0.11%
IBP	F	0.1%	0.17%	0.1%
ICFI	C	0.1%	0.12%	0.1%
IDCC	A	0.13%	0.17%	0.13%
IMKTA	C	0.18%	0.08%	0.08%
INCY	B	0.23%	0.3%	0.23%
INSW	F	0.04%	0.11%	0.04%
INVA	B	0.04%	0.11%	0.04%
IOSP	B	0.13%	0.11%	0.11%
ITGR	B	0.12%	0.16%	0.12%
JBSS	F	0.04%	0.07%	0.04%
KAI	B	0.08%	0.14%	0.08%
KELYA	F	0.09%	0.07%	0.07%
KFRC	C	0.08%	0.07%	0.07%
KFY	B	0.22%	0.13%	0.13%
KLG	D	0.08%	0.09%	0.08%
KNF	C	0.2%	0.17%	0.17%
KNSL	C	0.02%	0.23%	0.02%
KRC	C	0.22%	0.15%	0.15%
KTB	B	0.14%	0.16%	0.14%
LANC	B	0.11%	0.14%	0.11%
LBRT	D	0.13%	0.12%	0.12%
LEVI	F	0.03%	0.1%	0.03%
LGND	B	0.01%	0.12%	0.01%
LOPE	B	0.22%	0.14%	0.14%
LPG	F	0.03%	0.08%	0.03%
LRN	B	0.12%	0.16%	0.12%
LTC	A	0.04%	0.11%	0.04%
LYV	A	0.03%	0.4%	0.03%
LZB	C	0.14%	0.1%	0.1%
MANH	C	0.11%	0.35%	0.11%
MASI	B	0.17%	0.23%	0.17%
MATX	B	0.04%	0.17%	0.04%
MCY	B	0.14%	0.12%	0.12%
MEDP	D	0.06%	0.2%	0.06%
MGRC	B	0.09%	0.12%	0.09%
MGY	B	0.09%	0.18%	0.09%
MHO	D	0.26%	0.15%	0.15%
MMS	C	0.12%	0.15%	0.12%
MMSI	A	0.09%	0.2%	0.09%
MOG.A	B	0.23%	0.16%	0.16%
MORN	A	0.11%	0.23%	0.11%
MSA	D	0.09%	0.16%	0.09%
MSBI	B	0.0%	0.1%	0.0%
MSM	B	0.12%	0.12%	0.12%
MTCH	F	0.18%	0.25%	0.18%
MTX	B	0.15%	0.12%	0.12%
MWA	B	0.12%	0.13%	0.12%
NBIX	C	0.06%	0.27%	0.06%
NEU	C	0.14%	0.13%	0.13%
NHC	B	0.1%	0.1%	0.1%
NHI	C	0.09%	0.14%	0.09%
NMIH	D	0.07%	0.13%	0.07%
NNN	F	0.15%	0.21%	0.15%
NOVT	C	0.05%	0.17%	0.05%
NPK	C	0.02%	0.07%	0.02%
NSA	D	0.06%	0.13%	0.06%
NWE	C	0.16%	0.15%	0.15%
NYT	C	0.18%	0.24%	0.18%
OFG	C	0.04%	0.11%	0.04%
OHI	B	0.25%	0.25%	0.25%
OLED	F	0.08%	0.19%	0.08%
OLLI	D	0.16%	0.17%	0.16%
ONTO	F	0.07%	0.22%	0.07%
OSIS	C	0.09%	0.11%	0.09%
OTTR	C	0.1%	0.14%	0.1%
OZK	B	0.2%	0.15%	0.15%
PATK	D	0.17%	0.12%	0.12%
PBH	A	0.1%	0.15%	0.1%
PDM	C	0.09%	0.11%	0.09%
PEBO	B	0.0%	0.1%	0.0%
PEGA	A	0.03%	0.16%	0.03%
PFBC	B	0.0%	0.1%	0.0%
PGRE	B	0.06%	0.09%	0.06%
PHIN	B	0.16%	0.12%	0.12%
PINC	B	0.21%	0.13%	0.13%
PIPR	B	0.18%	0.16%	0.16%
PJT	B	0.07%	0.14%	0.07%
PLAB	C	0.07%	0.11%	0.07%
PLNT	B	0.11%	0.2%	0.11%
PLUS	D	0.13%	0.12%	0.12%
PLXS	B	0.26%	0.16%	0.16%
PPC	B	0.15%	0.13%	0.13%
PRDO	B	0.08%	0.1%	0.08%
PRGS	A	0.06%	0.13%	0.06%
PRIM	B	0.11%	0.15%	0.11%
PSN	A	0.12%	0.16%	0.12%
PSTG	D	0.06%	0.32%	0.06%
QLYS	C	0.07%	0.15%	0.07%
RBC	B	0.09%	0.2%	0.09%
RDN	C	0.24%	0.15%	0.15%
RDNT	B	0.03%	0.17%	0.03%
REX	C	0.0%	0.11%	0.0%
REXR	F	0.07%	0.22%	0.07%
REYN	D	0.06%	0.09%	0.06%
RGEN	D	0.04%	0.2%	0.04%
RGLD	C	0.13%	0.24%	0.13%
RLI	A	0.12%	0.19%	0.12%
RNR	D	0.13%	0.32%	0.13%
ROAD	B	0.07%	0.15%	0.07%
ROCK	B	0.09%	0.1%	0.09%
ROL	B	0.14%	0.29%	0.14%
SBH	C	0.18%	0.12%	0.12%
SCHL	D	0.06%	0.09%	0.06%
SCS	C	0.15%	0.08%	0.08%
SCSC	B	0.09%	0.09%	0.09%
SCVL	D	0.03%	0.08%	0.03%
SEM	B	0.23%	0.15%	0.15%
SF	A	0.31%	0.27%	0.27%
SHO	B	0.1%	0.11%	0.1%
SHOO	D	0.17%	0.14%	0.14%
SIGI	B	0.15%	0.18%	0.15%
SIRI	C	0.09%	0.11%	0.09%
SKYW	B	0.24%	0.16%	0.16%
SLGN	A	0.14%	0.14%	0.14%
SLVM	C	0.27%	0.14%	0.14%
SMP	B	0.03%	0.09%	0.03%
SN	D	0.15%	0.17%	0.15%
SNEX	B	0.01%	0.13%	0.01%
SPSC	D	0.03%	0.17%	0.03%
SR	C	0.18%	0.15%	0.15%
SRCE	A	0.02%	0.1%	0.02%
SSD	D	0.17%	0.19%	0.17%
SSTK	D	0.03%	0.09%	0.03%
STAG	F	0.11%	0.18%	0.11%
STNG	F	0.03%	0.12%	0.03%
STRA	C	0.09%	0.11%	0.09%
STRL	B	0.1%	0.17%	0.1%
SUM	B	0.17%	0.18%	0.17%
SUPN	B	0.05%	0.13%	0.05%
SXC	B	0.05%	0.09%	0.05%
SXT	B	0.15%	0.13%	0.13%
TNC	F	0.06%	0.08%	0.06%
TNL	A	0.14%	0.15%	0.14%
TPC	B	0.22%	0.09%	0.09%
TPL	A	0.17%	0.53%	0.17%
TREX	C	0.12%	0.19%	0.12%
TTEK	C	0.22%	0.29%	0.22%
TW	B	0.09%	0.34%	0.09%
TXRH	B	0.28%	0.29%	0.28%
UE	B	0.1%	0.13%	0.1%
UMBF	B	0.17%	0.17%	0.17%
UNF	B	0.17%	0.11%	0.11%
UPBD	B	0.13%	0.09%	0.09%
URBN	C	0.17%	0.1%	0.1%
USM	B	0.03%	0.12%	0.03%
USPH	C	0.01%	0.09%	0.01%
UTHR	B	0.32%	0.38%	0.32%
UTL	C	0.02%	0.1%	0.02%
UVE	B	0.03%	0.09%	0.03%
VCTR	B	0.04%	0.13%	0.04%
VIRT	B	0.21%	0.14%	0.14%
VMI	B	0.26%	0.18%	0.18%
VNT	B	0.17%	0.18%	0.17%
VRRM	F	0.05%	0.11%	0.05%
VSH	F	0.1%	0.09%	0.09%
VSTO	A	0.13%	0.13%	0.13%
VVV	B	0.16%	0.16%	0.16%
WABC	B	0.02%	0.1%	0.02%
WAL	B	0.29%	0.24%	0.24%
WBS	B	0.25%	0.23%	0.23%
WDFC	A	0.06%	0.14%	0.06%
WEN	C	0.14%	0.15%	0.14%
WFRD	D	0.04%	0.17%	0.04%
WH	A	0.23%	0.21%	0.21%
WING	D	0.04%	0.21%	0.04%
WMG	B	0.02%	0.18%	0.02%
WMS	F	0.15%	0.23%	0.15%
WSBC	B	0.1%	0.11%	0.1%
WTFC	A	0.22%	0.2%	0.2%
WTS	B	0.14%	0.15%	0.14%
WWD	B	0.24%	0.24%	0.24%
XHR	B	0.11%	0.1%	0.1%
YELP	C	0.14%	0.13%	0.13%
ZD	B	0.14%	0.14%	0.14%
ZWS	B	0.07%	0.17%	0.07%

FNDA Overweight 662 Positions Relative to FSMD

Symbol	Grade	Weight
SATS	C	0.46%
RCL	A	0.43%
UAL	A	0.39%
FICO	A	0.32%
XPO	B	0.3%
HRI	B	0.3%
COIN	B	0.3%
BKU	B	0.28%
VSCO	B	0.26%
KMPR	A	0.26%
GME	C	0.26%
MAC	B	0.26%
SAIA	B	0.25%
CRS	B	0.25%
PRG	C	0.25%
RXO	C	0.24%
SWX	B	0.24%
GVA	B	0.24%
HEI	C	0.23%
FDP	B	0.23%
FNB	A	0.23%
CFR	B	0.23%
TTMI	A	0.23%
PNFP	B	0.23%
VRT	B	0.23%
AVNT	B	0.22%
UNIT	B	0.22%
PB	A	0.22%
GATX	B	0.22%
VLTO	D	0.22%
CADE	B	0.22%
CWK	B	0.22%
SIG	B	0.22%
GMS	B	0.21%
HWC	B	0.21%
MC	B	0.21%
ZM	A	0.21%
SCCO	D	0.21%
SPB	A	0.21%
UAA	B	0.21%
KMT	B	0.2%
FDS	A	0.2%
BIO	C	0.2%
ARCB	C	0.2%
GBX	A	0.2%
TEX	C	0.2%
IDA	A	0.2%
FHB	B	0.2%
NVST	C	0.2%
HP	C	0.2%
LITE	B	0.2%
VLY	B	0.2%
AGNC	D	0.19%
KEX	A	0.19%
PNM	B	0.19%
MAT	C	0.19%
OGS	B	0.19%
CCS	F	0.19%
SMG	C	0.19%
UBSI	B	0.19%
LCII	D	0.19%
Z	B	0.19%
TRN	A	0.19%
COLB	B	0.19%
CRC	B	0.18%
LFUS	D	0.18%
COLD	F	0.18%
BDC	B	0.18%
DBRG	F	0.18%
DASH	A	0.18%
STC	C	0.18%
SBRA	B	0.18%
RPRX	F	0.18%
EAT	A	0.18%
APLE	B	0.17%
PCH	F	0.17%
ENTG	D	0.17%
SFNC	B	0.17%
NJR	B	0.17%
VSTS	D	0.17%
WMK	B	0.17%
CSGP	D	0.17%
ONB	A	0.17%
TWLO	B	0.17%
HXL	D	0.17%
PDCO	D	0.17%
WGO	B	0.17%
LNW	C	0.17%
APP	A	0.17%
PSMT	D	0.17%
GBCI	B	0.17%
SPR	F	0.17%
SPOT	A	0.17%
VYX	B	0.16%
LGIH	F	0.16%
PTEN	D	0.16%
APO	B	0.16%
WYNN	F	0.16%
GEF	A	0.16%
JBLU	D	0.16%
NOW	A	0.16%
WD	C	0.16%
SLG	C	0.16%
WAFD	B	0.16%
SITE	C	0.16%
B	B	0.16%
MTDR	C	0.16%
PFSI	D	0.16%
WTM	A	0.16%
LAUR	B	0.16%
MPWR	F	0.15%
SKY	C	0.15%
THS	F	0.15%
CDP	C	0.15%
VEEV	B	0.15%
CGNX	B	0.15%
ARES	B	0.15%
CBRL	D	0.15%
OMI	F	0.15%
UVV	B	0.15%
EBS	C	0.15%
OUT	C	0.15%
SLAB	F	0.15%
RH	B	0.15%
NOMD	F	0.15%
AGO	B	0.15%
COMM	C	0.15%
FWRD	D	0.15%
MOD	C	0.15%
IGT	D	0.14%
DNOW	B	0.14%
AMWD	B	0.14%
TROX	F	0.14%
ITRI	B	0.14%
ICUI	C	0.14%
RYI	C	0.14%
APG	B	0.14%
MLKN	D	0.14%
BOH	B	0.14%
RYN	F	0.14%
TCBI	A	0.14%
BXMT	C	0.14%
MKTX	C	0.14%
SAH	B	0.14%
TPG	B	0.14%
PLTR	B	0.14%
CACC	F	0.14%
ATKR	C	0.14%
DIOD	F	0.13%
RIG	D	0.13%
SMTC	B	0.13%
WEX	D	0.13%
NMRK	B	0.13%
ABNB	C	0.13%
LILAK	F	0.13%
RRC	B	0.13%
IAC	F	0.13%
EPR	D	0.13%
SCL	C	0.13%
CNK	A	0.13%
CABO	C	0.13%
H	C	0.13%
ABCB	B	0.13%
SNDR	A	0.13%
TYL	B	0.13%
TDC	D	0.13%
IPGP	C	0.13%
JBGS	F	0.13%
DHC	F	0.12%
RLJ	C	0.12%
CHX	D	0.12%
HTH	B	0.12%
DRH	B	0.12%
NGVT	B	0.12%
ETSY	C	0.12%
AIR	C	0.12%
JWN	B	0.12%
VRSN	C	0.12%
ECPG	B	0.12%
CRL	C	0.12%
JBT	C	0.12%
HELE	C	0.12%
HOPE	B	0.12%
DNB	B	0.12%
JAZZ	B	0.12%
KAR	A	0.12%
HLF	C	0.12%
PTC	B	0.12%
WTRG	B	0.12%
HPP	F	0.12%
JELD	F	0.12%
BANR	B	0.12%
FND	F	0.12%
ENOV	C	0.11%
SSB	B	0.11%
VIAV	B	0.11%
EPC	F	0.11%
TNET	D	0.11%
TECH	C	0.11%
HGV	B	0.11%
SVC	F	0.11%
WSC	F	0.11%
TRMK	B	0.11%
PECO	B	0.11%
PPBI	B	0.11%
CVBF	B	0.11%
MYRG	B	0.11%
BOKF	B	0.11%
COMP	B	0.11%
KALU	B	0.11%
AEIS	B	0.11%
FSLR	F	0.11%
FFBC	B	0.11%
WDAY	B	0.11%
CBU	B	0.11%
HEES	B	0.11%
FIBK	B	0.11%
LBRDK	B	0.1%
SAM	B	0.1%
ORA	C	0.1%
WSFS	A	0.1%
PBI	B	0.1%
UCB	B	0.1%
JACK	D	0.1%
PINS	D	0.1%
CPNG	C	0.1%
NTCT	B	0.1%
HI	C	0.1%
HTLF	B	0.1%
HOMB	A	0.1%
SKT	A	0.1%
PFS	B	0.1%
KRG	B	0.1%
PAYC	B	0.1%
BXC	B	0.1%
SASR	B	0.1%
ACHC	F	0.1%
HL	D	0.09%
CWEN	D	0.09%
WOR	D	0.09%
DOLE	B	0.09%
PRK	B	0.09%
ALEX	B	0.09%
OPCH	F	0.09%
ESE	B	0.09%
CENTA	C	0.09%
AIN	D	0.09%
POWI	C	0.09%
RNG	C	0.09%
WWW	B	0.09%
NPO	B	0.09%
ROKU	C	0.09%
MGEE	A	0.09%
FFIN	B	0.09%
FRME	A	0.09%
BOOT	D	0.09%
ESRT	D	0.09%
RHP	B	0.09%
IBTX	B	0.09%
VC	D	0.09%
INDB	B	0.09%
FIVE	F	0.09%
AM	B	0.09%
ABR	B	0.09%
ENR	B	0.09%
BKD	F	0.08%
PEB	D	0.08%
ALGT	B	0.08%
CWT	D	0.08%
TTD	A	0.08%
NSP	F	0.08%
KN	B	0.08%
WNC	C	0.08%
ARI	D	0.08%
SYNA	D	0.08%
GNL	D	0.08%
PTON	B	0.08%
IART	C	0.08%
ATI	D	0.08%
IRDM	C	0.08%
ALIT	B	0.08%
CSGS	B	0.08%
UCTT	F	0.08%
SAFT	B	0.08%
AZEK	B	0.08%
RAMP	C	0.08%
BMRN	F	0.08%
NWN	B	0.08%
EGP	D	0.08%
OII	B	0.08%
TALO	B	0.08%
PMT	F	0.08%
MD	B	0.08%
SMCI	F	0.08%
DXCM	C	0.08%
KW	C	0.08%
AKR	C	0.08%
GFF	C	0.08%
OMCL	C	0.08%
NWBI	B	0.08%
LXP	D	0.08%
RRR	F	0.08%
TOWN	B	0.08%
CCOI	C	0.08%
BLMN	F	0.08%
CRK	B	0.07%
PLAY	C	0.07%
CNA	D	0.07%
IRT	B	0.07%
DLX	B	0.07%
PR	B	0.07%
BSIG	A	0.07%
HHH	B	0.07%
KOP	D	0.07%
EXPI	B	0.07%
CDE	D	0.07%
EBC	B	0.07%
AUB	B	0.07%
HQY	A	0.07%
FCF	B	0.07%
OPEN	F	0.07%
PTVE	D	0.07%
MRTN	B	0.07%
CARG	A	0.07%
NNI	C	0.07%
YETI	C	0.07%
SXI	B	0.07%
TILE	B	0.07%
NX	C	0.07%
TRIP	D	0.07%
GO	D	0.07%
LADR	B	0.07%
MRCY	B	0.07%
BDN	D	0.07%
EYE	D	0.07%
ALG	B	0.07%
CAKE	B	0.07%
THRM	D	0.07%
KOS	F	0.07%
ROG	D	0.07%
NBTB	B	0.07%
JJSF	B	0.07%
REVG	B	0.07%
ROIC	A	0.07%
CNS	B	0.07%
MTRN	B	0.07%
CWST	B	0.06%
GTLS	A	0.06%
NTGR	B	0.06%
ENV	B	0.06%
LYFT	B	0.06%
MMI	B	0.06%
KTOS	B	0.06%
CAL	D	0.06%
CNMD	C	0.06%
BLKB	C	0.06%
OEC	D	0.06%
SEB	F	0.06%
ECVT	C	0.06%
GES	F	0.06%
GPRE	F	0.06%
EAF	B	0.06%
MELI	D	0.06%
OXM	D	0.06%
CWH	C	0.06%
SONO	C	0.06%
GCI	C	0.06%
DFIN	D	0.06%
SABR	C	0.06%
WHD	B	0.06%
BUSE	B	0.06%
TDOC	C	0.06%
BV	B	0.06%
ATSG	A	0.06%
MODG	F	0.06%
AWR	B	0.06%
LGF.A	C	0.06%
EFSC	B	0.06%
EMBC	B	0.06%
TRS	B	0.06%
HURN	B	0.06%
VSAT	F	0.06%
VBTX	B	0.06%
CPK	B	0.06%
KWR	C	0.06%
ELME	D	0.06%
AMRK	F	0.06%
STBA	C	0.06%
GFS	C	0.06%
HLX	D	0.06%
UIS	B	0.05%
LIVN	D	0.05%
MATV	F	0.05%
VRTS	B	0.05%
AAL	B	0.05%
GRBK	D	0.05%
NEOG	D	0.05%
TRNO	D	0.05%
TOST	A	0.05%
RNST	B	0.05%
HZO	D	0.05%
VRE	C	0.05%
ACCO	B	0.05%
AY	B	0.05%
CODI	B	0.05%
CNDT	B	0.05%
SJW	D	0.05%
GTN	D	0.05%
AZTA	D	0.05%
ALK	A	0.05%
NBR	C	0.05%
HAYW	C	0.05%
NTB	B	0.05%
CMCO	C	0.05%
ICHR	C	0.05%
COHU	C	0.05%
CCO	C	0.05%
FBNC	B	0.05%
KLIC	B	0.05%
MRC	B	0.05%
CVI	F	0.05%
CHEF	B	0.05%
SMPL	B	0.05%
COTY	F	0.05%
FOXF	F	0.05%
AXL	C	0.05%
HAIN	F	0.05%
SNBR	D	0.05%
SENEA	B	0.04%
PRA	B	0.04%
NVRI	F	0.04%
GCO	B	0.04%
SFL	F	0.04%
DHT	F	0.04%
CNSL	B	0.04%
ACLS	F	0.04%
VTLE	C	0.04%
ASIX	B	0.04%
ZUMZ	C	0.04%
SWBI	C	0.04%
CPS	B	0.04%
FBRT	C	0.04%
DXPE	B	0.04%
PARR	F	0.04%
SGRY	D	0.04%
BGS	F	0.04%
PEN	B	0.04%
SFBS	B	0.04%
IVT	B	0.04%
CMPR	D	0.04%
PUMP	D	0.04%
CSTM	F	0.04%
BZH	D	0.04%
PZZA	D	0.04%
TSE	F	0.04%
GLNG	C	0.04%
NVEE	C	0.04%
CRGY	B	0.04%
EXAS	F	0.04%
AGRO	B	0.04%
RES	D	0.04%
NOG	B	0.04%
LKFN	B	0.04%
ENPH	F	0.04%
PRAA	C	0.04%
LNN	B	0.04%
FCPT	D	0.04%
W	F	0.04%
SNAP	C	0.04%
RDUS	C	0.04%
HLIO	B	0.04%
ZI	C	0.04%
LSCC	C	0.04%
PODD	B	0.04%
HTLD	C	0.04%
HMST	D	0.03%
WOOF	D	0.03%
USNA	C	0.03%
STNE	D	0.03%
EVTC	B	0.03%
MTUS	C	0.03%
RWT	D	0.03%
TBI	D	0.03%
CNNE	B	0.03%
XP	F	0.03%
IHRT	C	0.03%
WRLD	C	0.03%
TKO	D	0.03%
SBLK	D	0.03%
PAGS	F	0.03%
SBCF	B	0.03%
AGM	B	0.03%
ZIMV	F	0.03%
CVGW	B	0.03%
PRVA	B	0.03%
MXL	C	0.03%
PRLB	B	0.03%
GDOT	C	0.03%
NUS	D	0.03%
ILPT	F	0.03%
MYGN	F	0.03%
RC	D	0.03%
THRY	F	0.03%
RGR	F	0.03%
VRNT	D	0.03%
GLDD	B	0.03%
DT	C	0.03%
AMC	C	0.03%
MP	B	0.03%
SNOW	C	0.03%
VIR	C	0.03%
RMBS	C	0.03%
CBL	B	0.03%
VAL	F	0.03%
WTTR	B	0.03%
CFFN	B	0.03%
CARS	B	0.03%
MNRO	B	0.03%
TRTX	C	0.03%
CMTG	D	0.03%
STEP	B	0.03%
VSEC	A	0.03%
RKT	D	0.03%
ASTE	B	0.03%
EGBN	B	0.03%
IPAR	C	0.03%
GLOB	B	0.03%
AMBC	C	0.02%
FLWS	C	0.02%
ARKO	B	0.02%
BRSP	B	0.02%
KRNY	B	0.02%
DHIL	B	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	B	0.02%
CCSI	B	0.02%
HASI	F	0.02%
GNK	D	0.02%
CMP	D	0.02%
CSR	C	0.02%
TEN	F	0.02%
RUN	F	0.02%
IRWD	D	0.02%
AGL	F	0.02%
AVNS	D	0.02%
EDR	C	0.02%
WOW	B	0.02%
KREF	D	0.02%
HVT	F	0.02%
MTW	C	0.02%
UFCS	A	0.02%
WASH	A	0.02%
AVO	B	0.02%
HFWA	B	0.02%
DCO	C	0.02%
CNOB	B	0.02%
CLB	B	0.02%
BANF	B	0.02%
BJRI	B	0.02%
HAFC	B	0.02%
EVRI	A	0.02%
MERC	F	0.02%
TMP	B	0.02%
CLOV	C	0.02%
TCBK	B	0.02%
SHYF	B	0.02%
PFC	B	0.02%
XPRO	F	0.02%
BRKL	A	0.02%
WOLF	F	0.02%
ZEUS	C	0.02%
ALTO	D	0.02%
AHCO	C	0.02%
MATW	C	0.02%
SHEN	F	0.02%
OKTA	C	0.02%
DAC	D	0.02%
CMRE	D	0.02%
GDEN	C	0.02%
CALX	F	0.02%
OCFC	B	0.02%
SFIX	C	0.02%
SBSI	B	0.02%
IIIN	D	0.01%
VTOL	B	0.01%
NBHC	B	0.01%
FBK	B	0.01%
LESL	D	0.01%
RILY	F	0.01%
BHLB	B	0.01%
AVD	D	0.01%
MBUU	C	0.01%
PKST	D	0.01%
GPRO	C	0.01%
KE	C	0.01%
GSL	F	0.01%
PETS	C	0.01%
AMSF	A	0.01%
MODV	D	0.01%
BMBL	C	0.01%
NU	B	0.01%
PRM	C	0.01%
CRMT	F	0.01%
SRI	F	0.01%
CENT	C	0.01%
ATNI	F	0.01%
SSP	F	0.01%
GPMT	C	0.01%
JRVR	F	0.01%
SSYS	C	0.01%
MED	D	0.01%
MOV	C	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	D	0.01%
OIS	C	0.01%
RGP	D	0.01%
TITN	D	0.01%
CLDT	B	0.01%
PLCE	C	0.01%
PLOW	D	0.01%
MEI	F	0.01%
GTY	B	0.01%
CHGG	D	0.0%
MGPI	F	0.0%
PCRX	D	0.0%
SEG	C	0.0%
ALGM	F	0.0%
TWI	D	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%
THR	D	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%
LXU	B	0.0%
HOV	D	0.0%
TBBK	B	0.0%
AMRC	F	0.0%
NIC	A	0.0%
IIPR	F	0.0%
NR	C	0.0%
SEDG	F	0.0%

FNDA Underweight 244 Positions Relative to FSMD

Symbol	Grade	Weight
EME	B	-0.45%
NRG	B	-0.43%
LII	B	-0.4%
NTNX	B	-0.36%
THC	B	-0.36%
SNA	A	-0.36%
TOL	B	-0.35%
RPM	B	-0.35%
PNR	B	-0.35%
NTRA	B	-0.34%
DUOL	B	-0.33%
CASY	A	-0.32%
EWBC	A	-0.32%
WSO	A	-0.32%
OC	B	-0.32%
SFM	B	-0.32%
ACM	B	-0.32%
NWSA	B	-0.32%
SW	C	-0.31%
CW	B	-0.31%
L	B	-0.31%
EQH	B	-0.31%
JLL	C	-0.3%
GGG	B	-0.3%
RGA	A	-0.3%
TPR	B	-0.29%
CACI	B	-0.29%
UHS	D	-0.29%
SCI	B	-0.29%
PCVX	D	-0.29%
NDSN	B	-0.29%
JNPR	C	-0.29%
LAMR	D	-0.28%
BXP	D	-0.28%
UNM	A	-0.28%
REG	B	-0.28%
CPT	D	-0.28%
SRPT	F	-0.27%
CHRW	B	-0.27%
ALLE	D	-0.27%
ATR	A	-0.27%
SOLV	C	-0.27%
EHC	B	-0.26%
ITT	A	-0.26%
INGR	B	-0.26%
BJ	B	-0.26%
DKS	D	-0.26%
PRI	A	-0.25%
EVR	B	-0.25%
EXP	B	-0.25%
AIZ	A	-0.25%
NVT	B	-0.25%
DOX	A	-0.25%
CIEN	B	-0.25%
LECO	B	-0.25%
OWL	B	-0.25%
MLI	B	-0.24%
ALSN	B	-0.24%
FHN	B	-0.24%
TAP	B	-0.24%
AYI	A	-0.24%
ORI	A	-0.23%
BRX	B	-0.23%
MUSA	B	-0.23%
TFX	F	-0.23%
LNTH	F	-0.23%
SNX	C	-0.23%
CMA	B	-0.23%
GL	B	-0.23%
OGE	B	-0.23%
DCI	A	-0.22%
HRL	F	-0.22%
TPX	C	-0.22%
SEIC	A	-0.22%
CPB	F	-0.22%
HSIC	F	-0.22%
EWTX	B	-0.22%
ALLY	C	-0.22%
RL	B	-0.22%
JXN	B	-0.21%
VOYA	A	-0.21%
SNV	B	-0.21%
AOS	F	-0.21%
ZION	B	-0.21%
GPK	D	-0.21%
TMHC	C	-0.21%
DOCS	B	-0.21%
AXTA	B	-0.21%
AFG	B	-0.21%
SKX	F	-0.21%
DVA	C	-0.21%
MTSI	B	-0.2%
GKOS	A	-0.2%
ADMA	B	-0.2%
TTC	D	-0.2%
PRCT	B	-0.2%
CRBG	C	-0.2%
SAIC	B	-0.2%
BWA	B	-0.2%
RHI	B	-0.19%
ACI	C	-0.19%
MTH	D	-0.19%
NFG	C	-0.19%
ALV	C	-0.19%
UFPI	B	-0.19%
BERY	C	-0.19%
GNTX	C	-0.19%
ALTR	C	-0.19%
MHK	D	-0.19%
TDS	B	-0.18%
ARW	F	-0.18%
OSK	B	-0.18%
CMC	B	-0.18%
ACLX	B	-0.18%
KBH	D	-0.18%
DINO	D	-0.18%
THG	A	-0.18%
MTN	D	-0.18%
BPOP	C	-0.18%
NXST	C	-0.18%
R	B	-0.18%
G	B	-0.18%
BPMC	B	-0.18%
MTG	D	-0.18%
PI	D	-0.18%
QTWO	B	-0.18%
OMF	B	-0.18%
POST	D	-0.17%
GPI	B	-0.17%
VRNS	D	-0.17%
ZETA	C	-0.17%
LSTR	B	-0.17%
UGI	D	-0.17%
ESTC	C	-0.17%
HII	D	-0.17%
AMG	C	-0.17%
AXNX	A	-0.16%
BCC	B	-0.16%
MIR	C	-0.16%
CRNX	B	-0.16%
SLM	B	-0.16%
AVT	C	-0.16%
POWL	B	-0.16%
KD	B	-0.16%
BTU	C	-0.16%
ASO	F	-0.15%
TENB	D	-0.15%
SANM	B	-0.15%
CNO	B	-0.15%
ASGN	B	-0.15%
SON	F	-0.15%
CPRX	B	-0.15%
APPF	B	-0.15%
ABG	B	-0.15%
AGCO	F	-0.15%
WU	F	-0.14%
WLK	F	-0.14%
IDT	B	-0.14%
TPH	D	-0.14%
TGNA	B	-0.14%
FLO	F	-0.14%
DXC	B	-0.14%
IESC	B	-0.14%
NSIT	F	-0.14%
KRYS	B	-0.14%
HIMS	B	-0.14%
WKC	D	-0.13%
GNW	A	-0.13%
BFH	B	-0.13%
USLM	B	-0.13%
LMAT	B	-0.13%
RUSHA	B	-0.13%
TKR	F	-0.13%
OGN	F	-0.13%
AN	D	-0.13%
HOG	F	-0.13%
PLMR	C	-0.12%
SKWD	A	-0.12%
ARCH	B	-0.12%
GPOR	B	-0.12%
PAG	C	-0.12%
PBF	F	-0.12%
UFPT	B	-0.12%
ATEN	A	-0.11%
TPB	A	-0.11%
HUBG	B	-0.11%
SPOK	A	-0.11%
TWST	C	-0.11%
FF	D	-0.11%
QCRH	A	-0.11%
SMLR	B	-0.11%
PAHC	B	-0.11%
PLTK	B	-0.11%
AMRX	B	-0.11%
EQC	B	-0.11%
HCI	B	-0.11%
VCEL	B	-0.11%
KURA	D	-0.1%
ACT	D	-0.1%
GNE	D	-0.1%
HSTM	A	-0.1%
INFA	D	-0.1%
HCKT	A	-0.1%
WINA	B	-0.1%
UVSP	B	-0.1%
AMAL	B	-0.1%
MCB	A	-0.1%
CTBI	B	-0.1%
MCRI	A	-0.1%
OSUR	D	-0.09%
UTI	B	-0.09%
EGY	F	-0.09%
STAA	F	-0.09%
ZYXI	C	-0.09%
CWCO	D	-0.09%
THFF	A	-0.09%
ANIP	C	-0.09%
COLL	F	-0.09%
SPNT	C	-0.09%
WSR	A	-0.09%
IBCP	B	-0.09%
CASS	B	-0.09%
OLP	B	-0.09%
MDU	F	-0.09%
VNDA	B	-0.08%
NVEC	B	-0.08%
RMR	F	-0.08%
MLR	B	-0.08%
ALX	D	-0.08%
MRVI	F	-0.08%
CFB	B	-0.08%
VECO	F	-0.08%
UTMD	C	-0.08%
KRT	A	-0.07%
SLP	D	-0.07%
METC	C	-0.07%
NSSC	F	-0.07%
SIGA	D	-0.07%
TRNS	D	-0.07%
ASC	F	-0.07%
IMMR	D	-0.06%
CECO	D	-0.06%
PANL	D	-0.06%
JBI	F	-0.04%