FNDA vs. IWS ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to iShares Russell Mid-cap Value ETF (IWS)

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

$60.01

Average Daily Volume

274,687

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$132.00

Average Daily Volume

302,715

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	IWS
30 Days	2.18%	2.33%
60 Days	1.67%	4.36%
90 Days	8.44%	7.82%
12 Months	20.65%	22.59%

211 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in IWS	Overlap
AAL	D	0.06%	0.07%	0.06%
ACHC	C	0.2%	0.08%	0.08%
ADC	C	0.08%	0.09%	0.08%
AGNC	A	0.24%	0.08%	0.08%
AGO	C	0.22%	0.05%	0.05%
AGR	B	0.16%	0.03%	0.03%
ALGM	F	0.0%	0.02%	0.0%
ALK	C	0.06%	0.06%	0.06%
AM	B	0.1%	0.04%	0.04%
AMED	C	0.14%	0.04%	0.04%
AMH	C	0.2%	0.16%	0.16%
AMKR	F	0.2%	0.04%	0.04%
APG	D	0.14%	0.09%	0.09%
ASH	D	0.19%	0.05%	0.05%
ATI	C	0.09%	0.09%	0.09%
AWI	B	0.21%	0.04%	0.04%
AXS	B	0.17%	0.07%	0.07%
AZEK	C	0.08%	0.02%	0.02%
AZTA	D	0.05%	0.03%	0.03%
BFAM	C	0.17%	0.08%	0.08%
BIO	C	0.17%	0.07%	0.07%
BLD	D	0.06%	0.13%	0.06%
BMRN	F	0.11%	0.18%	0.11%
BOKF	B	0.11%	0.03%	0.03%
BRBR	B	0.04%	0.09%	0.04%
BRKR	D	0.12%	0.03%	0.03%
BWXT	D	0.22%	0.08%	0.08%
BYD	C	0.17%	0.05%	0.05%
CACC	D	0.15%	0.01%	0.01%
CACC	D	0.08%	0.01%	0.01%
CBSH	C	0.2%	0.09%	0.09%
CFR	C	0.18%	0.07%	0.07%
CGNX	D	0.14%	0.07%	0.07%
CHE	C	0.06%	0.09%	0.06%
CHH	C	0.07%	0.01%	0.01%
CHRD	F	0.1%	0.09%	0.09%
CIVI	F	0.09%	0.04%	0.04%
CLH	B	0.28%	0.15%	0.15%
CLVT	D	0.04%	0.03%	0.03%
CNA	C	0.08%	0.01%	0.01%
CNM	F	0.09%	0.03%	0.03%
CNXC	D	0.13%	0.04%	0.04%
COIN	F	0.28%	0.06%	0.06%
COKE	C	0.16%	0.09%	0.09%
COLB	B	0.18%	0.06%	0.06%
COLD	D	0.22%	0.09%	0.09%
COLM	B	0.18%	0.03%	0.03%
COTY	F	0.07%	0.04%	0.04%
CR	C	0.2%	0.09%	0.09%
CRL	D	0.06%	0.12%	0.06%
CROX	C	0.2%	0.07%	0.07%
CRUS	D	0.33%	0.08%	0.08%
CSGP	D	0.18%	0.37%	0.18%
CUBE	B	0.21%	0.14%	0.14%
CUZ	B	0.2%	0.05%	0.05%
CWEN	B	0.09%	0.03%	0.03%
CWEN	B	0.09%	0.01%	0.01%
DAY	D	0.02%	0.09%	0.02%
DBX	D	0.06%	0.05%	0.05%
DDS	D	0.1%	0.01%	0.01%
DLB	D	0.12%	0.05%	0.05%
DNB	C	0.12%	0.04%	0.04%
DTM	B	0.2%	0.09%	0.09%
EEFT	D	0.17%	0.05%	0.05%
EGP	B	0.09%	0.1%	0.09%
ELAN	D	0.22%	0.08%	0.08%
ELS	C	0.23%	0.16%	0.16%
ENOV	F	0.1%	0.03%	0.03%
EPR	B	0.15%	0.04%	0.04%
ESAB	C	0.14%	0.06%	0.06%
ESI	D	0.21%	0.07%	0.07%
ETSY	F	0.11%	0.03%	0.03%
EXAS	C	0.05%	0.08%	0.05%
EXEL	B	0.17%	0.01%	0.01%
FCN	C	0.23%	0.09%	0.09%
FDS	C	0.19%	0.13%	0.13%
FHB	C	0.19%	0.03%	0.03%
FICO	A	0.35%	0.08%	0.08%
FIVE	D	0.07%	0.01%	0.01%
FLS	D	0.25%	0.07%	0.07%
FNB	D	0.21%	0.06%	0.06%
FND	C	0.13%	0.09%	0.09%
FR	C	0.12%	0.09%	0.09%
FRT	C	0.26%	0.11%	0.11%
FSLR	C	0.08%	0.28%	0.08%
FTI	D	0.06%	0.12%	0.06%
GFS	F	0.05%	0.04%	0.04%
GLOB	D	0.05%	0.02%	0.02%
GME	F	0.27%	0.06%	0.06%
GMED	D	0.16%	0.09%	0.09%
GO	F	0.07%	0.02%	0.02%
GTES	C	0.13%	0.04%	0.04%
GWRE	A	0.07%	0.09%	0.07%
H	C	0.15%	0.06%	0.06%
HAYW	C	0.03%	0.02%	0.02%
HHH	C	0.06%	0.03%	0.03%
HIW	B	0.24%	0.04%	0.04%
HLI	B	0.18%	0.08%	0.08%
HRB	C	0.08%	0.08%	0.08%
HXL	F	0.18%	0.06%	0.06%
IAC	C	0.12%	0.04%	0.04%
IBKR	B	0.09%	0.15%	0.09%
IDA	B	0.2%	0.06%	0.06%
INCY	C	0.18%	0.13%	0.13%
IPGP	F	0.1%	0.02%	0.02%
IRDM	D	0.07%	0.03%	0.03%
JAZZ	D	0.06%	0.08%	0.06%
JWN	B	0.07%	0.03%	0.03%
KEX	C	0.2%	0.08%	0.08%
KMPR	D	0.28%	0.04%	0.04%
KRC	B	0.2%	0.05%	0.05%
LBRDK	D	0.05%	0.06%	0.05%
LFUS	D	0.17%	0.07%	0.07%
LITE	B	0.16%	0.04%	0.04%
LOPE	D	0.21%	0.03%	0.03%
LSCC	D	0.03%	0.01%	0.01%
LYFT	D	0.05%	0.01%	0.01%
MASI	D	0.12%	0.03%	0.03%
MAT	C	0.19%	0.07%	0.07%
MKTX	C	0.14%	0.11%	0.11%
MP	D	0.01%	0.02%	0.01%
MSA	C	0.1%	0.08%	0.08%
MSM	D	0.06%	0.04%	0.04%
MTCH	C	0.17%	0.11%	0.11%
MTDR	D	0.14%	0.06%	0.06%
NEU	D	0.15%	0.04%	0.04%
NNN	B	0.2%	0.1%	0.1%
NSA	B	0.08%	0.04%	0.04%
NVST	D	0.15%	0.04%	0.04%
NYT	C	0.19%	0.1%	0.1%
OHI	A	0.29%	0.11%	0.11%
OKTA	F	0.02%	0.07%	0.02%
OLED	C	0.09%	0.06%	0.06%
OLLI	C	0.19%	0.07%	0.07%
ONTO	F	0.09%	0.08%	0.08%
OZK	D	0.17%	0.05%	0.05%
PAYC	D	0.07%	0.04%	0.04%
PB	B	0.22%	0.08%	0.08%
PINC	C	0.18%	0.03%	0.03%
PLNT	A	0.12%	0.04%	0.04%
PNFP	B	0.19%	0.08%	0.08%
PPC	D	0.14%	0.02%	0.02%
PR	D	0.06%	0.08%	0.06%
PSN	B	0.11%	0.05%	0.05%
PSTG	F	0.05%	0.02%	0.02%
PTC	D	0.11%	0.09%	0.09%
RBC	C	0.09%	0.09%	0.09%
RCL	B	0.41%	0.3%	0.3%
REXR	C	0.08%	0.12%	0.08%
REYN	C	0.07%	0.02%	0.02%
RGEN	F	0.04%	0.08%	0.04%
RGLD	B	0.14%	0.11%	0.11%
RH	B	0.12%	0.04%	0.04%
RKT	B	0.03%	0.03%	0.03%
RLI	B	0.11%	0.07%	0.07%
RNR	B	0.21%	0.15%	0.15%
ROKU	C	0.08%	0.09%	0.08%
RPRX	C	0.2%	0.12%	0.12%
RRC	D	0.11%	0.08%	0.08%
RYN	C	0.15%	0.05%	0.05%
SAIA	D	0.19%	0.05%	0.05%
SAM	F	0.08%	0.02%	0.02%
SEB	C	0.04%	0.01%	0.01%
SEG	C	0.0%	0.0%	0.0%
SF	A	0.24%	0.1%	0.1%
SITE	D	0.14%	0.05%	0.05%
SLGN	B	0.1%	0.05%	0.05%
SMG	C	0.2%	0.03%	0.03%
SN	B	0.21%	0.06%	0.06%
SNDR	B	0.14%	0.02%	0.02%
SPB	B	0.24%	0.03%	0.03%
SPR	D	0.24%	0.04%	0.04%
SRCL	A	0.21%	0.07%	0.07%
SSD	C	0.17%	0.08%	0.08%
STAG	C	0.12%	0.08%	0.08%
TECH	C	0.11%	0.13%	0.11%
TKO	B	0.02%	0.09%	0.02%
TNL	D	0.06%	0.03%	0.03%
TPG	B	0.14%	0.04%	0.04%
TRIP	F	0.06%	0.02%	0.02%
TTEK	C	0.25%	0.11%	0.11%
TW	A	0.09%	0.09%	0.09%
TWLO	D	0.11%	0.1%	0.1%
TYL	C	0.15%	0.04%	0.04%
UAA	C	0.18%	0.02%	0.02%
UAL	B	0.23%	0.19%	0.19%
UTHR	C	0.33%	0.17%	0.17%
VIRT	B	0.22%	0.03%	0.03%
VLTO	C	0.27%	0.17%	0.17%
VMI	D	0.22%	0.06%	0.06%
VNT	D	0.14%	0.06%	0.06%
VRSN	D	0.07%	0.17%	0.07%
VSTS	D	0.15%	0.02%	0.02%
W	D	0.05%	0.05%	0.05%
WAL	B	0.27%	0.1%	0.1%
WBS	C	0.19%	0.09%	0.09%
WEN	C	0.12%	0.02%	0.02%
WEX	C	0.13%	0.09%	0.09%
WH	B	0.19%	0.06%	0.06%
WMS	D	0.13%	0.07%	0.07%
WOLF	F	0.01%	0.01%	0.01%
WSC	D	0.1%	0.06%	0.06%
WTFC	B	0.19%	0.08%	0.08%
WTM	F	0.17%	0.05%	0.05%
WTRG	D	0.07%	0.11%	0.07%
WWD	D	0.26%	0.11%	0.11%
WYNN	D	0.15%	0.08%	0.08%
YETI	D	0.07%	0.03%	0.03%
Z	B	0.2%	0.11%	0.11%
ZI	D	0.03%	0.04%	0.03%
ZM	C	0.18%	0.19%	0.18%

FNDA Overweight 786 Positions Relative to IWS

Symbol	Grade	Weight
SATS	B	0.54%
ANF	D	0.43%
DY	B	0.3%
MHO	B	0.28%
TPC	C	0.28%
BKU	C	0.28%
PRG	B	0.27%
RDN	B	0.27%
SLVM	B	0.27%
SWX	C	0.26%
TXRH	D	0.26%
MAC	B	0.26%
HCC	F	0.25%
CRS	B	0.25%
SPOT	B	0.25%
HEI	B	0.25%
BKH	B	0.24%
XPO	D	0.24%
SEM	D	0.23%
LNW	B	0.23%
DHC	B	0.23%
CBT	B	0.23%
RXO	D	0.23%
GEO	F	0.23%
CCS	B	0.22%
COOP	B	0.22%
BHE	C	0.22%
FIX	B	0.22%
AVNT	B	0.22%
GATX	D	0.22%
PLXS	B	0.22%
AIT	C	0.22%
MOG.A	B	0.22%
GVA	B	0.22%
STC	B	0.21%
DBRG	D	0.21%
CWK	B	0.21%
EBS	D	0.21%
DEI	B	0.21%
UNIT	C	0.21%
SCCO	D	0.21%
KFY	B	0.21%
SR	B	0.2%
FDP	B	0.2%
GIII	C	0.2%
SMCI	F	0.2%
ENS	C	0.2%
GHC	C	0.2%
SBRA	B	0.2%
ENTG	D	0.19%
TRN	C	0.19%
ATGE	D	0.19%
MPWR	C	0.19%
SIG	C	0.19%
VRT	C	0.19%
CXW	F	0.19%
ESNT	B	0.19%
HWC	D	0.19%
HP	D	0.19%
HNI	B	0.19%
FUL	D	0.19%
GMS	C	0.19%
TTMI	D	0.19%
PATK	B	0.19%
SHOO	B	0.19%
COMM	B	0.19%
PFSI	B	0.19%
OGS	B	0.19%
CADE	B	0.19%
VSCO	C	0.18%
URBN	D	0.18%
NJR	B	0.18%
HE	F	0.18%
NWE	A	0.18%
BCO	B	0.18%
UBSI	B	0.18%
IMKTA	D	0.18%
KNF	B	0.18%
ALE	A	0.18%
TEX	D	0.18%
NOMD	B	0.18%
PNM	B	0.18%
ASB	D	0.18%
LCII	C	0.18%
MC	B	0.18%
SBH	B	0.18%
ACIW	B	0.18%
OMI	D	0.17%
ARCB	D	0.17%
WMK	C	0.17%
ACA	C	0.17%
WAFD	B	0.17%
VVV	D	0.17%
THS	C	0.17%
UNF	B	0.17%
PCH	C	0.17%
AVA	B	0.17%
HRI	C	0.17%
PSMT	B	0.17%
MLKN	D	0.17%
ADTN	F	0.17%
MOD	C	0.17%
SCS	B	0.17%
PIPR	B	0.16%
CRC	C	0.16%
UVV	D	0.16%
CNK	B	0.16%
APLE	D	0.16%
GBX	C	0.16%
LZB	C	0.16%
WD	B	0.16%
UMBF	B	0.16%
VEEV	C	0.16%
PDCO	F	0.16%
PHIN	B	0.16%
CHDN	C	0.16%
JELD	D	0.16%
VLY	C	0.16%
KMT	B	0.16%
OUT	B	0.16%
CALM	B	0.16%
ENVA	C	0.16%
PTEN	F	0.15%
CATY	B	0.15%
SVC	F	0.15%
SKY	B	0.15%
WGO	D	0.15%
JBGS	B	0.15%
NMRK	B	0.15%
BDC	B	0.15%
DASH	C	0.15%
LGIH	C	0.15%
ICUI	B	0.15%
SXT	C	0.15%
ONB	C	0.15%
CVLT	B	0.15%
ROL	C	0.15%
FN	D	0.15%
ENSG	C	0.15%
PBI	C	0.14%
ARES	B	0.14%
KTB	B	0.14%
SAH	D	0.14%
MCY	C	0.14%
SIGI	C	0.14%
VSTO	B	0.14%
SKYW	C	0.14%
EAT	B	0.14%
LAUR	B	0.14%
PDM	B	0.14%
SLAB	D	0.14%
SUM	C	0.14%
KELYA	D	0.14%
MTX	D	0.14%
GBCI	B	0.14%
SFNC	B	0.14%
BXMT	C	0.14%
CEIX	D	0.13%
AMWD	C	0.13%
AMRK	C	0.13%
APP	B	0.13%
KAR	D	0.13%
BOH	C	0.13%
BGC	B	0.13%
ITGR	B	0.13%
WTS	C	0.13%
FULT	C	0.13%
AROC	C	0.13%
ITRI	C	0.13%
YELP	F	0.13%
DNOW	D	0.13%
IGT	D	0.13%
HPP	D	0.13%
TROX	F	0.13%
PLUS	B	0.13%
DOLE	A	0.13%
APAM	C	0.13%
LBRT	D	0.13%
B	D	0.13%
CVCO	B	0.13%
SMTC	C	0.13%
SCSC	D	0.13%
GEF	D	0.13%
IDCC	B	0.12%
EPC	F	0.12%
OPCH	C	0.12%
TPL	C	0.12%
EXLS	C	0.12%
DRH	C	0.12%
JBLU	D	0.12%
ECPG	C	0.12%
DORM	B	0.12%
SCL	D	0.12%
APOG	B	0.12%
RLJ	D	0.12%
AMN	F	0.12%
FELE	C	0.12%
FSS	D	0.12%
DIOD	F	0.12%
TDC	F	0.12%
MANH	B	0.12%
ZD	D	0.12%
TCBI	B	0.12%
FWRD	C	0.12%
BOOT	B	0.12%
WWW	B	0.12%
AIR	C	0.12%
ABCB	B	0.12%
BANR	B	0.11%
TRMK	C	0.11%
PLTR	B	0.11%
HLF	F	0.11%
TREX	F	0.11%
SKT	B	0.11%
FFBC	C	0.11%
PBH	B	0.11%
SHO	D	0.11%
MORN	C	0.11%
KRG	B	0.11%
NHC	D	0.11%
NHI	A	0.11%
AZZ	C	0.11%
TNET	D	0.11%
BDN	B	0.11%
HOPE	B	0.11%
LRN	B	0.11%
HTH	C	0.11%
WDAY	D	0.11%
VGR	C	0.11%
MWA	C	0.11%
PECO	B	0.11%
IOSP	D	0.11%
SASR	B	0.1%
GNL	B	0.1%
PPBI	D	0.1%
AEIS	D	0.1%
MELI	B	0.1%
BCPC	C	0.1%
LXP	B	0.1%
VSAT	F	0.1%
AX	D	0.1%
AIN	D	0.1%
PFS	B	0.1%
ESRT	B	0.1%
HTLF	B	0.1%
KALU	F	0.1%
ALEX	B	0.1%
WSBC	D	0.1%
ATKR	F	0.1%
PGRE	C	0.1%
EMBC	C	0.1%
IBP	C	0.1%
CABO	F	0.1%
DLX	D	0.1%
LANC	D	0.1%
AMR	F	0.1%
RIG	F	0.1%
FIBK	B	0.1%
CBU	C	0.1%
CHX	D	0.1%
ICFI	C	0.1%
UE	B	0.1%
XHR	C	0.1%
IBOC	C	0.1%
CENTA	D	0.09%
REVG	C	0.09%
FTDR	B	0.09%
PINS	F	0.09%
VIAV	D	0.09%
CDE	C	0.09%
TILE	B	0.09%
IBTX	B	0.09%
FBP	C	0.09%
TOWN	B	0.09%
JACK	F	0.09%
BSIG	B	0.09%
SNBR	C	0.09%
HEES	D	0.09%
JBT	D	0.09%
ABR	B	0.09%
AKR	C	0.09%
RRR	D	0.09%
HELE	D	0.09%
NTCT	D	0.09%
ESGR	D	0.09%
WSFS	C	0.09%
ENR	F	0.09%
RHP	D	0.09%
VC	F	0.09%
EIG	B	0.09%
MGEE	B	0.09%
NPO	C	0.09%
CSTM	D	0.09%
CVBF	C	0.09%
MD	C	0.09%
STRA	D	0.09%
BKD	D	0.09%
HL	C	0.09%
ABNB	D	0.09%
OSIS	C	0.09%
HGV	D	0.09%
CBRL	D	0.09%
ARI	F	0.09%
CNXN	B	0.09%
OTTR	D	0.09%
UCBI	B	0.09%
WOR	F	0.09%
PMT	B	0.09%
GFF	C	0.09%
MMSI	B	0.09%
ORA	C	0.09%
BKE	B	0.09%
MGY	C	0.08%
CBZ	F	0.08%
BGS	D	0.08%
AMCX	F	0.08%
HALO	B	0.08%
CNS	B	0.08%
TALO	F	0.08%
MATV	B	0.08%
CAL	F	0.08%
WNC	F	0.08%
CCOI	C	0.08%
AY	B	0.08%
NVRI	D	0.08%
PEB	D	0.08%
EXPO	B	0.08%
KLG	C	0.08%
GOLF	F	0.08%
UCTT	F	0.08%
SYNA	F	0.08%
JJSF	C	0.08%
CCO	C	0.08%
NMIH	B	0.08%
STRL	B	0.08%
ESE	B	0.08%
THRM	D	0.08%
HAIN	D	0.08%
NWBI	C	0.08%
INDB	C	0.08%
HWKN	B	0.08%
PRK	C	0.08%
CPNG	B	0.08%
SAFT	C	0.08%
NWN	B	0.08%
SLG	B	0.08%
MGRC	F	0.08%
GCI	C	0.08%
NSP	D	0.08%
AXL	F	0.08%
NOW	A	0.08%
HAE	D	0.08%
FRME	C	0.08%
NGVT	F	0.08%
BV	B	0.08%
LADR	B	0.08%
ROCK	D	0.08%
HCSG	C	0.08%
HI	F	0.08%
PRDO	D	0.08%
KFRC	D	0.08%
FFIN	B	0.08%
KW	C	0.08%
CWT	C	0.08%
GES	F	0.07%
FCF	C	0.07%
ACCO	C	0.07%
MRTN	D	0.07%
CPK	B	0.07%
TNC	D	0.07%
HLX	D	0.07%
NBIX	F	0.07%
MRCY	C	0.07%
ALG	D	0.07%
MYRG	F	0.07%
OPEN	D	0.07%
MMS	D	0.07%
BMI	B	0.07%
AAON	B	0.07%
AGRO	C	0.07%
LILAK	D	0.07%
PLAB	F	0.07%
DXCM	F	0.07%
ATSG	D	0.07%
HOMB	B	0.07%
PTVE	D	0.07%
KLIC	D	0.07%
TTD	B	0.07%
MRC	D	0.07%
MTRN	D	0.07%
MEDP	D	0.07%
NNI	B	0.07%
CODI	D	0.07%
STBA	B	0.07%
AAT	B	0.07%
KOS	F	0.07%
CNDT	C	0.07%
CSWI	B	0.07%
HZO	C	0.07%
DFIN	B	0.07%
CNX	A	0.07%
RAMP	F	0.07%
KAI	C	0.07%
CORT	B	0.07%
NBTB	D	0.07%
RYI	F	0.07%
IRT	B	0.07%
POWI	F	0.07%
OMCL	C	0.07%
BLMN	F	0.07%
FORM	F	0.07%
COMP	B	0.07%
RNG	D	0.07%
OII	D	0.07%
SCHL	D	0.07%
CSGS	C	0.07%
ROIC	B	0.07%
LGF.A	F	0.07%
NTB	C	0.07%
KN	D	0.07%
PUMP	F	0.06%
VBTX	B	0.06%
MATX	C	0.06%
AGX	C	0.06%
GLNG	D	0.06%
EFSC	B	0.06%
PJT	B	0.06%
BXC	D	0.06%
OEC	F	0.06%
OFG	C	0.06%
APO	C	0.06%
KWR	D	0.06%
DEA	B	0.06%
TRNO	C	0.06%
NUS	F	0.06%
HMST	C	0.06%
WING	B	0.06%
SCVL	B	0.06%
MMI	C	0.06%
SWBI	D	0.06%
ZWS	B	0.06%
PRAA	D	0.06%
ANDE	D	0.06%
CWST	D	0.06%
GTN	D	0.06%
WDFC	B	0.06%
TRS	D	0.06%
VRRM	D	0.06%
ROAD	B	0.06%
BLKB	B	0.06%
ENPH	C	0.06%
CNSL	A	0.06%
CVI	F	0.06%
ADUS	B	0.06%
NX	D	0.06%
CAKE	C	0.06%
SABR	D	0.06%
STNG	D	0.06%
SXI	C	0.06%
NBR	F	0.06%
BSY	D	0.06%
EBC	B	0.06%
CARG	B	0.06%
DHT	C	0.06%
AAN	C	0.06%
BNL	B	0.06%
SFL	D	0.06%
NTGR	C	0.06%
CASH	B	0.06%
ILPT	C	0.06%
AWR	B	0.06%
BZH	B	0.06%
HMN	C	0.06%
BUSE	C	0.06%
CUBI	F	0.06%
KOP	F	0.06%
INVA	B	0.06%
ZUMZ	D	0.06%
ENV	C	0.06%
OXM	D	0.06%
ROG	D	0.06%
CMPR	F	0.06%
FOXF	F	0.05%
CHCO	B	0.05%
STNE	F	0.05%
PRA	C	0.05%
LPG	F	0.05%
CVGW	C	0.05%
AUB	C	0.05%
ASTE	F	0.05%
ERIE	A	0.05%
DXPE	C	0.05%
MNRO	D	0.05%
RWT	B	0.05%
SONO	F	0.05%
LTC	B	0.05%
RDNT	B	0.05%
XP	D	0.05%
FBNC	B	0.05%
HTLD	D	0.05%
SMPL	D	0.05%
SGH	F	0.05%
IHRT	D	0.05%
SUPN	C	0.05%
NEOG	C	0.05%
SBLK	D	0.05%
WFRD	F	0.05%
CBL	D	0.05%
CRK	D	0.05%
UIS	C	0.05%
RGR	F	0.05%
CTS	D	0.05%
TSE	D	0.05%
SJW	C	0.05%
GCO	D	0.05%
PLAY	F	0.05%
SMP	C	0.05%
NOVT	D	0.05%
GPRE	F	0.05%
MYGN	B	0.05%
PRGS	C	0.05%
FHI	A	0.05%
CPS	F	0.05%
SXC	F	0.05%
PAGS	F	0.05%
JBSS	D	0.05%
PRFT	A	0.05%
ZIMV	F	0.05%
SSB	B	0.05%
ALIT	D	0.05%
FCPT	A	0.05%
EPRT	A	0.05%
SENEA	B	0.05%
CWH	C	0.05%
RDUS	D	0.05%
CHEF	C	0.05%
WHD	C	0.05%
AEO	D	0.05%
EPAC	B	0.05%
QLYS	F	0.05%
EXPI	C	0.05%
EYE	F	0.05%
ASIX	C	0.05%
CNMD	D	0.05%
MODG	F	0.05%
VSH	D	0.05%
HURN	C	0.05%
TRTX	C	0.05%
HQY	C	0.05%
THRY	D	0.05%
KTOS	B	0.05%
DCO	B	0.04%
PEGA	C	0.04%
PRLB	D	0.04%
VRNT	F	0.04%
CRAI	C	0.04%
PARR	F	0.04%
NVEE	F	0.04%
KREF	B	0.04%
MATW	F	0.04%
SBSI	B	0.04%
SHEN	F	0.04%
TEN	C	0.04%
UTL	B	0.04%
RES	D	0.04%
SPSC	D	0.04%
TNK	D	0.04%
GRBK	B	0.04%
BBSI	B	0.04%
EVRI	C	0.04%
EBF	B	0.04%
PTON	C	0.04%
ECVT	F	0.04%
COHU	F	0.04%
CMRE	D	0.04%
SFIX	C	0.04%
GLDD	C	0.04%
DAC	D	0.04%
EAF	D	0.04%
AVNS	B	0.04%
INSW	D	0.04%
BRC	B	0.04%
WOOF	C	0.04%
MTUS	F	0.04%
LNN	C	0.04%
HVT	D	0.04%
WTTR	C	0.04%
WRLD	D	0.04%
USNA	F	0.04%
LKFN	C	0.04%
CNNE	D	0.04%
EGBN	C	0.04%
CPF	B	0.04%
GDOT	C	0.04%
ETH	D	0.04%
ACLS	F	0.04%
TBI	F	0.04%
CMCO	F	0.04%
LIVN	D	0.04%
EVTC	D	0.04%
UVE	B	0.04%
CFFN	C	0.04%
AHCO	B	0.04%
PRIM	C	0.04%
CLW	F	0.04%
TUP	F	0.04%
STEP	B	0.04%
ICHR	F	0.04%
PODD	B	0.04%
IART	F	0.04%
BRSP	D	0.03%
PLOW	C	0.03%
RUN	C	0.03%
DHIL	B	0.03%
CRGY	D	0.03%
SNOW	F	0.03%
HAFC	C	0.03%
NOG	D	0.03%
TMP	C	0.03%
ARCO	F	0.03%
TPIC	D	0.03%
WASH	B	0.03%
ALTO	D	0.03%
HFWA	C	0.03%
CLB	D	0.03%
CSV	B	0.03%
UFCS	D	0.03%
BJRI	D	0.03%
WABC	D	0.03%
IVT	B	0.03%
DBI	F	0.03%
SGRY	C	0.03%
BRKL	C	0.03%
MTW	F	0.03%
SRCE	C	0.03%
AMC	D	0.03%
PEN	D	0.03%
SSTK	F	0.03%
BANF	B	0.03%
OPK	C	0.03%
OPI	F	0.03%
BRY	F	0.03%
CNOB	B	0.03%
GNK	D	0.03%
SHYF	D	0.03%
PFC	C	0.03%
WOW	D	0.03%
ALKS	C	0.03%
TCBK	C	0.03%
HASI	B	0.03%
PZZA	D	0.03%
CSR	B	0.03%
TDOC	D	0.03%
IPAR	D	0.03%
CARS	D	0.03%
VAL	F	0.03%
OCFC	B	0.03%
AVO	A	0.03%
ALRM	F	0.03%
MERC	F	0.03%
HSII	C	0.03%
ZEUS	F	0.03%
MED	F	0.02%
MXL	F	0.02%
PLCE	C	0.02%
VIR	F	0.02%
MOV	F	0.02%
AGL	F	0.02%
DIN	F	0.02%
USM	C	0.02%
GDEN	D	0.02%
LEVI	C	0.02%
GTLS	F	0.02%
VREX	F	0.02%
DENN	D	0.02%
SFBS	B	0.02%
AGM	D	0.02%
SBCF	C	0.02%
PRVA	D	0.02%
LYV	B	0.02%
KNSL	C	0.02%
VSEC	C	0.02%
OIS	F	0.02%
ATNI	C	0.02%
VRTS	D	0.02%
IRBT	F	0.02%
TITN	F	0.02%
CMP	D	0.02%
ALGT	F	0.02%
CALX	D	0.02%
DT	C	0.02%
XPRO	F	0.02%
USPH	D	0.02%
FLGT	D	0.02%
CCRN	F	0.02%
MYE	D	0.02%
FLWS	F	0.02%
RNST	D	0.02%
CTRN	D	0.02%
KRNY	C	0.02%
RYAM	B	0.02%
SRI	F	0.02%
ARKO	C	0.02%
CLDT	D	0.02%
CTRE	B	0.02%
HLIO	D	0.02%
CLOV	C	0.02%
ASTH	B	0.02%
VCTR	B	0.02%
AMBC	F	0.02%
CMTG	F	0.02%
MEI	F	0.02%
MODV	F	0.02%
FIZZ	D	0.02%
CCSI	C	0.02%
RC	D	0.02%
NPK	C	0.02%
TOST	B	0.02%
RGP	F	0.02%
GTY	B	0.02%
INMD	D	0.01%
TTEC	F	0.01%
DNUT	D	0.01%
THR	D	0.01%
HAYN	D	0.01%
MGPI	C	0.01%
ONEW	F	0.01%
EVH	C	0.01%
PEBO	C	0.01%
SPWH	D	0.01%
LXU	D	0.01%
TBBK	B	0.01%
NIC	C	0.01%
PFBC	C	0.01%
REX	D	0.01%
CRVL	B	0.01%
SNEX	C	0.01%
NBHC	C	0.01%
FBK	B	0.01%
NR	F	0.01%
VTOL	D	0.01%
HLNE	B	0.01%
AMRC	C	0.01%
IIPR	B	0.01%
HOV	C	0.01%
CMTL	D	0.01%
BHLB	C	0.01%
IIIN	D	0.01%
LGND	C	0.01%
MBUU	D	0.01%
TK	C	0.01%
AOSL	D	0.01%
IRWD	F	0.01%
KE	F	0.01%
LESL	F	0.01%
AMSF	C	0.01%
PETS	D	0.01%
GPRO	F	0.01%
WMG	D	0.01%
PKST	C	0.01%
PRM	B	0.01%
BMBL	F	0.01%
SEDG	F	0.01%
RILY	F	0.01%
EDR	A	0.01%
AVD	F	0.01%
GSL	D	0.01%
SSP	F	0.01%
NU	B	0.01%
GPMT	D	0.01%
SNAP	F	0.01%
SSYS	F	0.01%
RMBS	F	0.01%
CRMT	F	0.01%
JRVR	F	0.01%
CHGG	F	0.0%
PCRX	F	0.0%
WTI	F	0.0%
GIC	D	0.0%
CRNC	F	0.0%
TWI	D	0.0%
HY	D	0.0%
GSM	F	0.0%
AMPH	C	0.0%
CENT	D	0.0%
MSBI	D	0.0%

FNDA Underweight 495 Positions Relative to IWS

Symbol	Grade	Weight
AFL	B	-0.71%
AJG	C	-0.69%
DHI	B	-0.66%
WMB	B	-0.63%
O	B	-0.62%
OKE	B	-0.61%
DLR	B	-0.59%
BK	A	-0.59%
CCI	B	-0.59%
FIS	B	-0.54%
KVUE	B	-0.51%
LEN	B	-0.51%
LHX	D	-0.5%
GIS	B	-0.48%
ALL	A	-0.48%
PRU	C	-0.48%
PEG	B	-0.48%
PCG	C	-0.48%
KMI	A	-0.47%
MCHP	D	-0.47%
CMI	C	-0.47%
CNC	C	-0.46%
EXC	B	-0.46%
A	C	-0.46%
ACGL	B	-0.46%
EA	D	-0.45%
ROST	C	-0.45%
SPG	B	-0.45%
CTVA	B	-0.45%
OTIS	D	-0.44%
IQV	C	-0.44%
CTSH	C	-0.44%
AME	C	-0.44%
HUM	F	-0.44%
EXR	B	-0.43%
CBRE	A	-0.42%
FERG	C	-0.42%
IR	C	-0.42%
URI	B	-0.42%
KR	B	-0.42%
VICI	C	-0.41%
XEL	A	-0.41%
HWM	B	-0.41%
ED	C	-0.41%
NUE	F	-0.4%
DOW	D	-0.4%
DD	B	-0.39%
HIG	A	-0.39%
DFS	C	-0.38%
BKR	D	-0.38%
AVB	B	-0.38%
GEHC	C	-0.38%
CHTR	D	-0.37%
EBAY	B	-0.37%
EIX	C	-0.37%
GLW	B	-0.37%
XYL	D	-0.36%
NDAQ	B	-0.35%
MLM	D	-0.35%
WEC	B	-0.35%
FANG	D	-0.35%
ON	D	-0.35%
EQR	B	-0.34%
WAB	A	-0.34%
WTW	B	-0.34%
PPG	C	-0.34%
ADM	D	-0.34%
EFX	C	-0.34%
BIIB	F	-0.33%
FITB	B	-0.33%
AWK	A	-0.33%
DAL	C	-0.33%
PHM	B	-0.33%
MTD	D	-0.33%
ANSS	F	-0.32%
NVR	B	-0.32%
PAYX	C	-0.32%
MTB	B	-0.32%
GPN	D	-0.32%
GRMN	D	-0.31%
ETR	A	-0.31%
PWR	B	-0.31%
ROK	D	-0.31%
FTV	C	-0.3%
HLT	B	-0.3%
DTE	B	-0.3%
SBAC	C	-0.3%
KEYS	C	-0.3%
VTR	C	-0.3%
RMD	C	-0.3%
IFF	B	-0.3%
STT	A	-0.29%
DOV	B	-0.29%
CHD	C	-0.29%
HSY	C	-0.29%
TTWO	D	-0.29%
FE	C	-0.29%
STE	C	-0.28%
LYB	F	-0.28%
HAL	F	-0.28%
HPQ	D	-0.28%
DVN	F	-0.28%
YUM	D	-0.27%
VMC	D	-0.27%
WY	C	-0.27%
ES	C	-0.27%
PPL	C	-0.27%
RJF	C	-0.26%
AEE	B	-0.26%
INVH	C	-0.26%
TROW	D	-0.26%
COO	B	-0.25%
ARE	B	-0.25%
HUBB	B	-0.25%
ZBH	F	-0.25%
FCNCA	D	-0.25%
CBOE	C	-0.25%
HPE	D	-0.25%
ATO	B	-0.24%
ILMN	C	-0.24%
BALL	C	-0.24%
SQ	D	-0.24%
WBD	D	-0.24%
MSTR	D	-0.24%
CMS	A	-0.24%
HBAN	B	-0.24%
CINF	B	-0.24%
LDOS	C	-0.24%
MKC	B	-0.24%
K	A	-0.24%
WDC	D	-0.24%
BBY	B	-0.24%
BLDR	C	-0.23%
ESS	B	-0.23%
TDY	C	-0.23%
LNG	D	-0.23%
BAX	C	-0.23%
RF	B	-0.23%
SYF	C	-0.22%
PFG	B	-0.22%
GPC	D	-0.22%
MAA	B	-0.22%
OMC	A	-0.22%
NTRS	B	-0.21%
J	D	-0.21%
SUI	B	-0.21%
MSCI	C	-0.21%
AVTR	B	-0.21%
WRB	C	-0.21%
TRU	B	-0.21%
EQT	D	-0.21%
CFG	D	-0.21%
DG	F	-0.21%
LH	B	-0.21%
HOLX	B	-0.21%
PKG	B	-0.21%
APTV	D	-0.21%
DGX	B	-0.2%
LUV	C	-0.2%
CCL	C	-0.2%
TSN	C	-0.2%
MAS	B	-0.2%
CNP	C	-0.2%
SSNC	B	-0.19%
SWKS	F	-0.19%
WSO	C	-0.19%
TXT	D	-0.19%
STLD	D	-0.19%
IP	B	-0.19%
CTRA	F	-0.19%
CSL	C	-0.19%
CAG	B	-0.18%
MKL	C	-0.18%
UDR	B	-0.18%
SWK	B	-0.18%
TOL	B	-0.18%
THC	B	-0.18%
RS	D	-0.18%
FNF	A	-0.18%
AMCR	C	-0.18%
KIM	B	-0.18%
DOC	C	-0.18%
SYY	D	-0.17%
SNA	B	-0.17%
IRM	B	-0.17%
HOOD	C	-0.17%
CDW	D	-0.17%
CF	B	-0.17%
AKAM	D	-0.17%
GEN	A	-0.17%
MRO	D	-0.17%
RVTY	B	-0.17%
KEY	B	-0.17%
IEX	D	-0.17%
PNR	B	-0.17%
NI	B	-0.17%
LNT	A	-0.17%
ZBRA	B	-0.16%
EVRG	A	-0.16%
GLPI	B	-0.16%
REG	C	-0.16%
BG	D	-0.16%
WPC	B	-0.16%
USFD	B	-0.16%
TRMB	C	-0.16%
VTRS	C	-0.16%
GGG	C	-0.16%
EG	B	-0.16%
BRO	C	-0.16%
JBHT	D	-0.16%
RGA	B	-0.16%
EXPD	B	-0.16%
NDSN	C	-0.16%
DLTR	F	-0.16%
OC	C	-0.16%
L	B	-0.16%
JKHY	B	-0.15%
CPT	B	-0.15%
AES	C	-0.15%
ACM	B	-0.15%
NTAP	D	-0.15%
UHS	B	-0.15%
RPM	B	-0.14%
CW	B	-0.14%
EMN	B	-0.14%
HST	D	-0.14%
FFIV	A	-0.14%
ALLE	B	-0.14%
JNPR	A	-0.14%
SJM	C	-0.14%
BXP	B	-0.14%
HES	D	-0.14%
NVT	D	-0.13%
RIVN	F	-0.13%
EWBC	C	-0.13%
AVY	D	-0.13%
CAH	C	-0.13%
ITT	C	-0.13%
EME	B	-0.13%
DKS	D	-0.13%
JBL	D	-0.13%
SCI	B	-0.13%
CHRW	B	-0.13%
KMX	D	-0.13%
TFX	C	-0.13%
SW	B	-0.13%
IPG	C	-0.13%
CASY	D	-0.13%
ATR	B	-0.12%
AIZ	B	-0.12%
ALB	F	-0.12%
RRX	C	-0.12%
NLY	A	-0.12%
COHR	B	-0.12%
PNW	B	-0.12%
HII	C	-0.12%
NTNX	C	-0.12%
UNM	B	-0.12%
CE	D	-0.12%
QRVO	F	-0.12%
NRG	C	-0.12%
OVV	D	-0.12%
FBIN	B	-0.12%
CACI	B	-0.12%
EPAM	D	-0.12%
CCK	A	-0.12%
BJ	D	-0.12%
CTLT	B	-0.12%
LKQ	D	-0.12%
EHC	B	-0.11%
HRL	C	-0.11%
FOXA	B	-0.11%
CHK	D	-0.11%
TAP	C	-0.11%
AOS	C	-0.11%
PFGC	B	-0.11%
GL	C	-0.11%
CVNA	B	-0.11%
CPB	B	-0.11%
SOLV	C	-0.11%
TPR	C	-0.11%
AFG	B	-0.11%
DOX	C	-0.11%
NWSA	D	-0.11%
FWONK	D	-0.11%
ARMK	B	-0.11%
AFRM	C	-0.11%
JLL	B	-0.1%
KNX	C	-0.1%
MHK	B	-0.1%
CZR	C	-0.1%
DCI	D	-0.1%
LAMR	A	-0.1%
MOS	F	-0.1%
SNX	D	-0.1%
WST	D	-0.1%
BRX	B	-0.1%
FHN	D	-0.1%
APA	F	-0.1%
TTC	D	-0.1%
EVR	B	-0.1%
CG	C	-0.1%
MGM	D	-0.1%
INGR	A	-0.1%
FYBR	C	-0.1%
PRI	B	-0.1%
ORI	A	-0.1%
HSIC	C	-0.1%
CNH	C	-0.1%
DRI	C	-0.1%
DPZ	F	-0.1%
GPK	B	-0.1%
WSM	C	-0.09%
WAT	C	-0.09%
ALGN	D	-0.09%
LAD	C	-0.09%
KBR	D	-0.09%
VOYA	A	-0.09%
BERY	B	-0.09%
JEF	B	-0.09%
AXTA	C	-0.09%
ALSN	B	-0.09%
CMA	B	-0.09%
MOH	C	-0.09%
AR	D	-0.09%
ALLY	F	-0.09%
AYI	B	-0.09%
FMC	C	-0.09%
ACI	F	-0.09%
X	D	-0.09%
CIEN	C	-0.09%
AA	D	-0.09%
OGE	B	-0.09%
SKX	C	-0.09%
OSK	D	-0.08%
LSTR	D	-0.08%
SNV	C	-0.08%
WBA	F	-0.08%
FAF	B	-0.08%
ARW	C	-0.08%
ZION	D	-0.08%
MTG	B	-0.08%
SEIC	B	-0.08%
GNTX	F	-0.08%
SOFI	C	-0.08%
RL	B	-0.08%
SWN	D	-0.08%
G	C	-0.08%
WCC	C	-0.08%
SAIC	C	-0.08%
MKSI	F	-0.08%
LECO	F	-0.08%
MTZ	B	-0.08%
HR	C	-0.08%
MIDD	C	-0.08%
DINO	D	-0.08%
BWA	D	-0.08%
BEN	F	-0.07%
AGCO	D	-0.07%
POST	C	-0.07%
IVZ	C	-0.07%
RITM	B	-0.07%
GXO	D	-0.07%
LEA	D	-0.07%
SIRI	C	-0.07%
AZPN	A	-0.07%
R	B	-0.07%
BBWI	F	-0.07%
PARA	F	-0.07%
NOV	D	-0.07%
FAST	C	-0.07%
LW	D	-0.07%
STWD	A	-0.07%
BPOP	C	-0.07%
VNO	B	-0.07%
CART	A	-0.07%
VFC	C	-0.07%
RHI	D	-0.07%
CCCS	D	-0.06%
FOX	B	-0.06%
LNC	D	-0.06%
UGI	C	-0.06%
TKR	D	-0.06%
ST	D	-0.06%
OLN	D	-0.06%
WHR	D	-0.06%
THO	D	-0.06%
KD	D	-0.06%
OGN	D	-0.06%
THG	A	-0.06%
OMF	C	-0.06%
BC	C	-0.06%
AMG	C	-0.06%
XRAY	D	-0.06%
PVH	F	-0.06%
SON	C	-0.06%
NFG	B	-0.06%
MDU	B	-0.06%
DAR	F	-0.06%
GWW	B	-0.06%
MTSI	D	-0.06%
BILL	D	-0.05%
UHAL	B	-0.05%
M	F	-0.05%
ROIV	C	-0.05%
GNRC	D	-0.05%
PII	D	-0.05%
GAP	F	-0.05%
CPRI	D	-0.05%
FLO	C	-0.05%
AN	D	-0.05%
S	C	-0.05%
DOCS	B	-0.05%
FRPT	B	-0.05%
AL	D	-0.05%
HOG	C	-0.05%
SLM	C	-0.05%
AVT	D	-0.05%
JHG	B	-0.05%
WLK	D	-0.05%
NWS	D	-0.04%
NXST	D	-0.04%
NWL	D	-0.04%
U	D	-0.04%
LBTYA	B	-0.04%
MAN	C	-0.04%
LCID	C	-0.04%
MSGS	B	-0.04%
LBTYK	B	-0.04%
HUN	D	-0.04%
CLF	F	-0.04%
ALNY	B	-0.04%
MPW	C	-0.04%
PRGO	D	-0.04%
DXC	C	-0.04%
AMP	B	-0.04%
BR	D	-0.03%
KSS	F	-0.03%
RCM	C	-0.03%
EXP	B	-0.03%
ULTA	D	-0.03%
AAP	F	-0.03%
CC	F	-0.03%
QDEL	D	-0.03%
SHC	B	-0.03%
VAC	F	-0.03%
CRI	C	-0.03%
SEE	D	-0.03%
BHF	D	-0.03%
VNOM	C	-0.03%
ZG	B	-0.03%
PAG	D	-0.03%
CXT	D	-0.03%
WU	D	-0.03%
PK	D	-0.03%
PENN	D	-0.03%
UA	C	-0.02%
INFA	D	-0.02%
LEG	D	-0.02%
FTRE	F	-0.02%
AS	C	-0.02%
TER	D	-0.02%
BIRK	D	-0.02%
BROS	D	-0.02%
LPX	B	-0.02%
LLYVK	B	-0.02%
LEN	B	-0.02%
ADT	D	-0.02%
QS	F	-0.02%
LAZ	A	-0.01%
UI	B	-0.01%
IONS	F	-0.01%
PLTK	C	-0.01%
TFSL	C	-0.01%
PATH	D	-0.01%
HCP	A	-0.01%
LBRDA	D	-0.01%
LLYVA	B	-0.01%
CAR	F	-0.01%
TXG	D	-0.01%
PYCR	D	-0.01%
ALAB	D	-0.01%
NCNO	D	-0.01%
MTN	D	-0.01%
DV	F	-0.01%
FWONA	C	-0.01%
HAS	B	-0.01%
CERT	F	-0.01%
LOAR	C	-0.0%
PARAA	D	-0.0%
UHAL	B	-0.0%
UWMC	C	-0.0%
GRAL	F	-0.0%
NFE	F	-0.0%
DJT	F	-0.0%