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

$31.30

Average Daily Volume

465,023

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

$136.51

Average Daily Volume

271,207

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	IWS
30 Days	4.75%	2.24%
60 Days	8.13%	5.83%
90 Days	10.35%	8.58%
12 Months	28.43%	30.58%

211 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in IWS	Overlap
AAL	B	0.05%	0.09%	0.05%
ACHC	F	0.1%	0.04%	0.04%
ADC	A	0.07%	0.08%	0.07%
AGNC	C	0.19%	0.08%	0.08%
AGO	B	0.15%	0.05%	0.05%
AGR	C	0.15%	0.03%	0.03%
ALGM	F	0.0%	0.03%	0.0%
ALK	A	0.05%	0.07%	0.05%
AM	B	0.09%	0.04%	0.04%
AMED	F	0.13%	0.03%	0.03%
AMH	C	0.17%	0.13%	0.13%
AMKR	F	0.18%	0.03%	0.03%
APG	B	0.14%	0.09%	0.09%
ASH	F	0.19%	0.04%	0.04%
ATI	D	0.08%	0.08%	0.08%
AWI	B	0.22%	0.05%	0.05%
AXS	A	0.11%	0.07%	0.07%
AZEK	B	0.08%	0.02%	0.02%
AZTA	F	0.05%	0.03%	0.03%
BFAM	F	0.12%	0.06%	0.06%
BIO	C	0.2%	0.08%	0.08%
BLD	F	0.11%	0.12%	0.11%
BMRN	F	0.08%	0.14%	0.08%
BOKF	B	0.11%	0.03%	0.03%
BRBR	A	0.05%	0.1%	0.05%
BRKR	F	0.1%	0.03%	0.03%
BWXT	A	0.24%	0.1%	0.1%
BYD	A	0.21%	0.06%	0.06%
CACC	D	0.14%	0.01%	0.01%
CBSH	A	0.2%	0.09%	0.09%
CFR	B	0.23%	0.09%	0.09%
CGNX	C	0.15%	0.08%	0.08%
CHE	D	0.11%	0.08%	0.08%
CHH	B	0.08%	0.01%	0.01%
CHRD	F	0.12%	0.09%	0.09%
CIVI	F	0.11%	0.04%	0.04%
CLH	B	0.26%	0.14%	0.14%
CLVT	F	0.02%	0.02%	0.02%
CNA	C	0.07%	0.01%	0.01%
CNM	D	0.13%	0.03%	0.03%
CNXC	F	0.05%	0.02%	0.02%
COIN	B	0.3%	0.09%	0.09%
COKE	C	0.13%	0.08%	0.08%
COLB	B	0.19%	0.07%	0.07%
COLD	F	0.18%	0.07%	0.07%
COLM	B	0.18%	0.03%	0.03%
COTY	F	0.05%	0.03%	0.03%
CR	B	0.22%	0.09%	0.09%
CRL	C	0.12%	0.12%	0.12%
CROX	F	0.14%	0.05%	0.05%
CRUS	F	0.21%	0.06%	0.06%
CSGP	D	0.17%	0.34%	0.17%
CUBE	D	0.17%	0.12%	0.12%
CUZ	C	0.19%	0.05%	0.05%
CWEN	D	0.09%	0.01%	0.01%
CWEN	D	0.09%	0.03%	0.03%
CXT	D	0.07%	0.03%	0.03%
DAY	C	0.02%	0.12%	0.02%
DBX	B	0.13%	0.05%	0.05%
DDS	C	0.1%	0.01%	0.01%
DLB	C	0.13%	0.05%	0.05%
DNB	B	0.12%	0.04%	0.04%
DTM	B	0.22%	0.1%	0.1%
EEFT	C	0.17%	0.05%	0.05%
EGP	C	0.08%	0.09%	0.08%
ELAN	D	0.19%	0.07%	0.07%
ELS	C	0.19%	0.14%	0.14%
ENOV	C	0.11%	0.03%	0.03%
EPR	D	0.13%	0.04%	0.04%
ESAB	B	0.18%	0.08%	0.08%
ESI	B	0.22%	0.07%	0.07%
ETSY	C	0.12%	0.02%	0.02%
EXAS	F	0.04%	0.06%	0.04%
EXEL	B	0.2%	0.02%	0.02%
FCN	F	0.19%	0.08%	0.08%
FDS	A	0.2%	0.13%	0.13%
FHB	B	0.2%	0.04%	0.04%
FICO	B	0.32%	0.09%	0.09%
FIVE	F	0.09%	0.01%	0.01%
FLS	B	0.29%	0.09%	0.09%
FNB	A	0.23%	0.06%	0.06%
FND	F	0.12%	0.07%	0.07%
FR	C	0.1%	0.08%	0.08%
FRT	C	0.22%	0.1%	0.1%
FSLR	F	0.11%	0.22%	0.11%
FTI	B	0.13%	0.13%	0.13%
GFS	C	0.06%	0.05%	0.05%
GLOB	B	0.03%	0.03%	0.03%
GME	C	0.26%	0.1%	0.1%
GMED	B	0.15%	0.1%	0.1%
GO	C	0.07%	0.02%	0.02%
GTES	B	0.16%	0.05%	0.05%
GWRE	A	0.07%	0.1%	0.07%
H	B	0.13%	0.06%	0.06%
HAYW	C	0.05%	0.02%	0.02%
HHH	B	0.07%	0.03%	0.03%
HIW	D	0.21%	0.04%	0.04%
HLI	B	0.19%	0.1%	0.1%
HRB	D	0.13%	0.07%	0.07%
HXL	D	0.17%	0.05%	0.05%
IAC	F	0.13%	0.04%	0.04%
IBKR	A	0.11%	0.19%	0.11%
IDA	A	0.2%	0.06%	0.06%
INCY	B	0.23%	0.14%	0.14%
IPGP	C	0.13%	0.02%	0.02%
IRDM	C	0.08%	0.03%	0.03%
JAZZ	B	0.12%	0.08%	0.08%
JWN	B	0.12%	0.02%	0.02%
KEX	B	0.19%	0.08%	0.08%
KMPR	A	0.26%	0.04%	0.04%
KRC	C	0.22%	0.05%	0.05%
LBRDK	C	0.1%	0.09%	0.09%
LFUS	D	0.18%	0.07%	0.07%
LITE	A	0.2%	0.06%	0.06%
LOPE	B	0.22%	0.04%	0.04%
LSCC	D	0.04%	0.01%	0.01%
LYFT	B	0.06%	0.02%	0.02%
MASI	B	0.17%	0.04%	0.04%
MAT	C	0.19%	0.07%	0.07%
MKTX	C	0.14%	0.11%	0.11%
MP	C	0.03%	0.03%	0.03%
MSA	D	0.09%	0.07%	0.07%
MSM	B	0.12%	0.04%	0.04%
MTCH	F	0.18%	0.09%	0.09%
MTDR	C	0.16%	0.07%	0.07%
NEU	C	0.14%	0.04%	0.04%
NNN	F	0.15%	0.08%	0.08%
NSA	D	0.06%	0.03%	0.03%
NVST	C	0.2%	0.04%	0.04%
NYT	C	0.18%	0.1%	0.1%
OHI	C	0.25%	0.11%	0.11%
OKTA	C	0.02%	0.07%	0.02%
OLED	F	0.08%	0.05%	0.05%
OLLI	C	0.16%	0.07%	0.07%
ONTO	F	0.07%	0.07%	0.07%
OZK	B	0.2%	0.05%	0.05%
PAYC	B	0.1%	0.05%	0.05%
PB	B	0.22%	0.08%	0.08%
PINC	A	0.21%	0.03%	0.03%
PLNT	A	0.11%	0.04%	0.04%
PNFP	B	0.23%	0.1%	0.1%
PPC	B	0.15%	0.02%	0.02%
PR	C	0.07%	0.08%	0.07%
PSN	B	0.12%	0.06%	0.06%
PSTG	D	0.06%	0.02%	0.02%
PTC	B	0.12%	0.1%	0.1%
RBC	B	0.09%	0.1%	0.09%
RCL	A	0.43%	0.38%	0.38%
REXR	F	0.07%	0.1%	0.07%
REYN	D	0.06%	0.02%	0.02%
RGEN	C	0.04%	0.07%	0.04%
RGLD	C	0.13%	0.11%	0.11%
RH	C	0.15%	0.04%	0.04%
RKT	F	0.03%	0.02%	0.02%
RLI	A	0.12%	0.07%	0.07%
RNR	D	0.13%	0.15%	0.13%
ROKU	C	0.09%	0.09%	0.09%
RPRX	F	0.18%	0.11%	0.11%
RRC	B	0.13%	0.09%	0.09%
RYN	F	0.14%	0.05%	0.05%
SAIA	B	0.25%	0.06%	0.06%
SAM	B	0.1%	0.02%	0.02%
SEB	D	0.06%	0.01%	0.01%
SEG	F	0.0%	0.0%	0.0%
SF	B	0.31%	0.12%	0.12%
SIRI	D	0.09%	0.07%	0.07%
SITE	D	0.16%	0.05%	0.05%
SLGN	A	0.14%	0.05%	0.05%
SMG	D	0.19%	0.03%	0.03%
SN	C	0.15%	0.06%	0.06%
SNDR	B	0.13%	0.02%	0.02%
SPB	B	0.21%	0.03%	0.03%
SPR	F	0.17%	0.03%	0.03%
SSD	D	0.17%	0.08%	0.08%
STAG	D	0.11%	0.07%	0.07%
TECH	B	0.11%	0.13%	0.11%
TKO	D	0.03%	0.09%	0.03%
TNL	A	0.14%	0.04%	0.04%
TPG	B	0.14%	0.05%	0.05%
TRIP	D	0.07%	0.02%	0.02%
TTEK	C	0.22%	0.11%	0.11%
TW	C	0.09%	0.1%	0.09%
TWLO	A	0.17%	0.14%	0.14%
TYL	B	0.13%	0.04%	0.04%
UAA	B	0.21%	0.02%	0.02%
UAL	B	0.39%	0.31%	0.31%
UTHR	B	0.32%	0.19%	0.19%
VIRT	B	0.21%	0.03%	0.03%
VLTO	C	0.22%	0.15%	0.15%
VMI	B	0.26%	0.07%	0.07%
VNT	B	0.17%	0.07%	0.07%
VRSN	C	0.12%	0.16%	0.12%
VSTS	D	0.17%	0.02%	0.02%
W	F	0.04%	0.04%	0.04%
WAL	B	0.29%	0.11%	0.11%
WBS	A	0.25%	0.11%	0.11%
WEN	C	0.14%	0.02%	0.02%
WEX	D	0.13%	0.07%	0.07%
WH	A	0.23%	0.07%	0.07%
WMS	F	0.15%	0.06%	0.06%
WOLF	F	0.02%	0.01%	0.01%
WSC	F	0.11%	0.06%	0.06%
WTFC	B	0.22%	0.09%	0.09%
WTM	A	0.16%	0.05%	0.05%
WTRG	C	0.12%	0.11%	0.11%
WWD	B	0.24%	0.12%	0.12%
WYNN	F	0.16%	0.09%	0.09%
YETI	C	0.07%	0.03%	0.03%
Z	B	0.19%	0.13%	0.13%
ZI	D	0.04%	0.04%	0.04%
ZM	B	0.21%	0.23%	0.21%

FNDA Overweight 786 Positions Relative to IWS

Symbol	Grade	Weight
SATS	C	0.46%
GEO	B	0.34%
ANF	D	0.32%
HCC	C	0.3%
XPO	B	0.3%
HRI	B	0.3%
TXRH	A	0.28%
BKU	B	0.28%
AIT	A	0.27%
SLVM	C	0.27%
MHO	D	0.26%
PLXS	C	0.26%
VSCO	B	0.26%
MAC	B	0.26%
CRS	B	0.25%
PRG	B	0.25%
GHC	B	0.24%
SKYW	B	0.24%
RXO	C	0.24%
RDN	C	0.24%
FIX	B	0.24%
SWX	B	0.24%
GVA	B	0.24%
HEI	B	0.23%
FDP	B	0.23%
SEM	B	0.23%
MOG.A	B	0.23%
CXW	B	0.23%
CBT	C	0.23%
DY	C	0.23%
TTMI	B	0.23%
VRT	B	0.23%
KFY	B	0.22%
COOP	B	0.22%
AVNT	B	0.22%
UNIT	C	0.22%
DEI	C	0.22%
BKH	B	0.22%
ASB	B	0.22%
GATX	A	0.22%
CADE	B	0.22%
CWK	B	0.22%
SIG	B	0.22%
TPC	C	0.22%
BHE	C	0.22%
GMS	B	0.21%
HWC	B	0.21%
MC	B	0.21%
SCCO	F	0.21%
ENS	D	0.2%
KMT	B	0.2%
ARCB	C	0.2%
GBX	A	0.2%
TEX	D	0.2%
CALM	B	0.2%
KNF	C	0.2%
HP	C	0.2%
VLY	B	0.2%
ACA	B	0.19%
PNM	B	0.19%
OGS	A	0.19%
ENVA	B	0.19%
CCS	F	0.19%
ADTN	B	0.19%
UBSI	B	0.19%
LCII	C	0.19%
TRN	B	0.19%
ATGE	B	0.19%
FUL	F	0.18%
IMKTA	B	0.18%
CRC	B	0.18%
ACIW	B	0.18%
BDC	C	0.18%
PIPR	B	0.18%
GIII	D	0.18%
DBRG	F	0.18%
DASH	A	0.18%
SR	C	0.18%
STC	C	0.18%
SBRA	C	0.18%
EAT	B	0.18%
SBH	C	0.18%
APLE	B	0.17%
CNX	B	0.17%
PCH	F	0.17%
ENTG	D	0.17%
SFNC	B	0.17%
NJR	A	0.17%
WMK	B	0.17%
ONB	B	0.17%
URBN	C	0.17%
CATY	B	0.17%
UNF	B	0.17%
PDCO	F	0.17%
UMBF	B	0.17%
WGO	B	0.17%
LNW	F	0.17%
HNI	B	0.17%
APP	B	0.17%
SHOO	D	0.17%
PSMT	C	0.17%
GBCI	B	0.17%
TPL	B	0.17%
SUM	C	0.17%
PATK	D	0.17%
SPOT	A	0.17%
VYX	B	0.16%
LGIH	F	0.16%
PTEN	C	0.16%
APO	B	0.16%
GEF	A	0.16%
JBLU	C	0.16%
NOW	A	0.16%
WD	D	0.16%
SLG	C	0.16%
WAFD	B	0.16%
B	A	0.16%
PFSI	D	0.16%
LAUR	B	0.16%
NWE	C	0.16%
ALE	A	0.16%
VVV	B	0.16%
PHIN	B	0.16%
MPWR	F	0.15%
SKY	B	0.15%
THS	F	0.15%
CDP	C	0.15%
SCS	C	0.15%
VEEV	B	0.15%
SXT	B	0.15%
ARES	B	0.15%
CBRL	C	0.15%
OMI	F	0.15%
UVV	B	0.15%
EBS	C	0.15%
CHDN	C	0.15%
OUT	C	0.15%
SLAB	F	0.15%
CEIX	B	0.15%
APAM	B	0.15%
NOMD	F	0.15%
HE	F	0.15%
MTX	B	0.15%
SIGI	B	0.15%
ESNT	D	0.15%
COMM	D	0.15%
BCO	F	0.15%
FWRD	D	0.15%
MOD	C	0.15%
AVA	C	0.15%
IGT	D	0.14%
WTS	B	0.14%
DNOW	B	0.14%
AROC	B	0.14%
AMWD	B	0.14%
MCY	B	0.14%
APOG	B	0.14%
TROX	F	0.14%
ITRI	B	0.14%
ZD	B	0.14%
ICUI	D	0.14%
FULT	B	0.14%
CVLT	A	0.14%
RYI	B	0.14%
MLKN	D	0.14%
BOH	B	0.14%
TCBI	B	0.14%
BXMT	D	0.14%
YELP	C	0.14%
CVCO	B	0.14%
SAH	B	0.14%
ROL	B	0.14%
LZB	C	0.14%
PLTR	B	0.14%
ATKR	D	0.14%
KTB	B	0.14%
DORM	B	0.13%
FELE	A	0.13%
DIOD	F	0.13%
IOSP	B	0.13%
IDCC	B	0.13%
RIG	D	0.13%
SMTC	B	0.13%
NMRK	B	0.13%
ABNB	C	0.13%
LILAK	F	0.13%
PLUS	F	0.13%
LBRT	F	0.13%
ENSG	C	0.13%
SCL	C	0.13%
EXLS	B	0.13%
CNK	B	0.13%
BGC	C	0.13%
CABO	B	0.13%
ABCB	B	0.13%
TDC	D	0.13%
JBGS	F	0.13%
UPBD	B	0.13%
AMR	C	0.13%
VSTO	A	0.13%
DHC	F	0.12%
RLJ	B	0.12%
CHX	D	0.12%
HTH	B	0.12%
DRH	B	0.12%
NGVT	B	0.12%
AIR	C	0.12%
ECPG	B	0.12%
MWA	B	0.12%
JBT	A	0.12%
HELE	C	0.12%
HOPE	B	0.12%
ANDE	D	0.12%
LRN	B	0.12%
KAR	B	0.12%
HLF	D	0.12%
ITGR	B	0.12%
AMN	F	0.12%
HPP	F	0.12%
JELD	F	0.12%
TREX	C	0.12%
MMS	D	0.12%
BANR	B	0.12%
AX	B	0.11%
SSB	B	0.11%
VIAV	B	0.11%
EPC	F	0.11%
TNET	D	0.11%
LANC	C	0.11%
MORN	B	0.11%
XHR	B	0.11%
HGV	B	0.11%
SVC	F	0.11%
PRIM	B	0.11%
FSS	C	0.11%
TRMK	B	0.11%
PECO	A	0.11%
MANH	C	0.11%
PPBI	B	0.11%
CVBF	B	0.11%
FHI	A	0.11%
MYRG	B	0.11%
COMP	B	0.11%
KALU	B	0.11%
AEIS	C	0.11%
FFBC	B	0.11%
WDAY	B	0.11%
IBOC	B	0.11%
CBU	B	0.11%
HEES	B	0.11%
FIBK	B	0.11%
ORA	C	0.1%
WSFS	B	0.1%
BCPC	B	0.1%
CORT	B	0.1%
ICFI	C	0.1%
OTTR	C	0.1%
PBI	C	0.1%
NHC	B	0.1%
UE	B	0.1%
UCB	B	0.1%
JACK	D	0.1%
PINS	F	0.1%
IBP	F	0.1%
CPNG	B	0.1%
NTCT	B	0.1%
HI	C	0.1%
HTLF	B	0.1%
AEO	F	0.1%
STRL	B	0.1%
HOMB	A	0.1%
SKT	B	0.1%
AZZ	B	0.1%
PFS	B	0.1%
KRG	B	0.1%
FN	B	0.1%
VSH	F	0.1%
BXC	B	0.1%
PBH	A	0.1%
SASR	A	0.1%
WSBC	B	0.1%
SHO	C	0.1%
HL	D	0.09%
WOR	F	0.09%
DOLE	C	0.09%
NHI	D	0.09%
PRK	B	0.09%
ALEX	B	0.09%
OPCH	F	0.09%
ESE	B	0.09%
STRA	C	0.09%
CENTA	C	0.09%
AIN	D	0.09%
POWI	C	0.09%
OSIS	B	0.09%
FTDR	B	0.09%
CNXN	C	0.09%
RNG	B	0.09%
WWW	B	0.09%
NPO	B	0.09%
ROCK	C	0.09%
MMSI	B	0.09%
MGEE	A	0.09%
MGY	B	0.09%
FFIN	B	0.09%
FRME	B	0.09%
BOOT	D	0.09%
MGRC	B	0.09%
KELYA	F	0.09%
ESRT	D	0.09%
PDM	D	0.09%
RHP	B	0.09%
SCSC	B	0.09%
IBTX	B	0.09%
EIG	A	0.09%
VC	D	0.09%
INDB	B	0.09%
BKE	A	0.09%
ABR	B	0.09%
ENR	B	0.09%
BKD	F	0.08%
PEB	D	0.08%
ALGT	B	0.08%
KLG	D	0.08%
CWT	D	0.08%
TTD	B	0.08%
CSWI	B	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%
AAON	B	0.08%
PTON	B	0.08%
IART	D	0.08%
ALIT	B	0.08%
CSGS	B	0.08%
UCTT	F	0.08%
SAFT	B	0.08%
KFRC	C	0.08%
RAMP	C	0.08%
NWN	B	0.08%
KAI	B	0.08%
CBZ	B	0.08%
OII	B	0.08%
TALO	C	0.08%
PMT	D	0.08%
MD	C	0.08%
SMCI	F	0.08%
DXCM	C	0.08%
KW	C	0.08%
PRDO	B	0.08%
AKR	C	0.08%
GFF	A	0.08%
OMCL	C	0.08%
HAE	B	0.08%
NWBI	B	0.08%
LXP	C	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%
AAT	C	0.07%
PJT	B	0.07%
CUBI	B	0.07%
IRT	A	0.07%
DLX	A	0.07%
ERIE	F	0.07%
BMI	B	0.07%
BSIG	B	0.07%
KOP	C	0.07%
BRC	A	0.07%
EXPI	C	0.07%
CDE	D	0.07%
EBC	B	0.07%
AUB	B	0.07%
HQY	B	0.07%
FCF	B	0.07%
OPEN	F	0.07%
HWKN	C	0.07%
PTVE	C	0.07%
MRTN	B	0.07%
CARG	B	0.07%
NNI	C	0.07%
SXI	B	0.07%
NMIH	C	0.07%
HALO	B	0.07%
QLYS	B	0.07%
EXPO	D	0.07%
CASH	B	0.07%
TILE	B	0.07%
GOLF	B	0.07%
NX	C	0.07%
ZWS	B	0.07%
PLAB	C	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	F	0.07%
HMN	B	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%
ROAD	B	0.07%
CNS	C	0.07%
MTRN	B	0.07%
CWST	A	0.06%
GTLS	A	0.06%
ADUS	D	0.06%
NTGR	B	0.06%
ENV	B	0.06%
HCSG	B	0.06%
MMI	B	0.06%
PRGS	A	0.06%
KTOS	B	0.06%
CAL	D	0.06%
CNMD	C	0.06%
BLKB	C	0.06%
OEC	D	0.06%
FBP	B	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	B	0.06%
MELI	D	0.06%
OXM	D	0.06%
CWH	C	0.06%
SONO	C	0.06%
GCI	D	0.06%
DFIN	D	0.06%
SABR	B	0.06%
WHD	B	0.06%
BUSE	B	0.06%
TDOC	C	0.06%
BV	B	0.06%
ATSG	A	0.06%
BSY	F	0.06%
MODG	F	0.06%
AWR	B	0.06%
LGF.A	F	0.06%
EFSC	B	0.06%
PGRE	B	0.06%
FORM	F	0.06%
EMBC	B	0.06%
TNC	F	0.06%
TRS	C	0.06%
SCHL	D	0.06%
HURN	B	0.06%
VSAT	F	0.06%
MEDP	C	0.06%
VBTX	B	0.06%
CPK	A	0.06%
KWR	C	0.06%
ELME	D	0.06%
AMRK	F	0.06%
STBA	B	0.06%
HLX	D	0.06%
NBIX	C	0.06%
UIS	B	0.05%
LIVN	C	0.05%
MATV	F	0.05%
VRTS	B	0.05%
GRBK	D	0.05%
NEOG	F	0.05%
TRNO	D	0.05%
TOST	A	0.05%
RNST	B	0.05%
HZO	F	0.05%
VRE	B	0.05%
ACCO	B	0.05%
AY	A	0.05%
CODI	B	0.05%
CNDT	B	0.05%
SJW	F	0.05%
GTN	F	0.05%
EPRT	C	0.05%
AMCX	C	0.05%
NBR	C	0.05%
CHCO	B	0.05%
NTB	B	0.05%
SXC	B	0.05%
VRRM	F	0.05%
CMCO	B	0.05%
ICHR	C	0.05%
COHU	C	0.05%
CCO	C	0.05%
FBNC	B	0.05%
KLIC	C	0.05%
NOVT	C	0.05%
MRC	B	0.05%
CVI	F	0.05%
CHEF	B	0.05%
DEA	D	0.05%
SMPL	B	0.05%
FOXF	F	0.05%
AXL	C	0.05%
HAIN	F	0.05%
SNBR	D	0.05%
ESGR	C	0.05%
SUPN	B	0.05%
SENEA	B	0.04%
PRA	B	0.04%
ASTH	F	0.04%
NVRI	F	0.04%
GCO	B	0.04%
OFG	B	0.04%
SFL	F	0.04%
DHT	D	0.04%
CNSL	C	0.04%
ACLS	F	0.04%
VTLE	C	0.04%
ASIX	B	0.04%
ZUMZ	C	0.04%
SWBI	D	0.04%
CPS	B	0.04%
FBRT	C	0.04%
DXPE	B	0.04%
PARR	F	0.04%
SGRY	F	0.04%
BGS	F	0.04%
INSW	F	0.04%
WING	D	0.04%
PEN	B	0.04%
SFBS	B	0.04%
IVT	B	0.04%
CMPR	D	0.04%
INVA	B	0.04%
PUMP	D	0.04%
CSTM	F	0.04%
WFRD	D	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%
AGRO	C	0.04%
VCTR	B	0.04%
RES	F	0.04%
NOG	B	0.04%
LTC	B	0.04%
LKFN	B	0.04%
ENPH	F	0.04%
PRAA	B	0.04%
MATX	A	0.04%
LNN	C	0.04%
FCPT	C	0.04%
SNAP	C	0.04%
RDUS	C	0.04%
JBSS	F	0.04%
HLIO	B	0.04%
PODD	B	0.04%
HTLD	C	0.04%
HMST	D	0.03%
WOOF	D	0.03%
USNA	C	0.03%
STNE	F	0.03%
EVTC	C	0.03%
MTUS	C	0.03%
RWT	D	0.03%
TBI	F	0.03%
UVE	B	0.03%
CLW	F	0.03%
CNNE	B	0.03%
HSII	B	0.03%
XP	F	0.03%
PEGA	A	0.03%
IHRT	B	0.03%
WRLD	C	0.03%
CRAI	B	0.03%
SBLK	D	0.03%
PAGS	F	0.03%
SBCF	B	0.03%
AGM	B	0.03%
ZIMV	F	0.03%
CVGW	C	0.03%
PRVA	B	0.03%
MXL	C	0.03%
PRLB	B	0.03%
CPF	B	0.03%
CTRE	C	0.03%
GDOT	C	0.03%
NUS	D	0.03%
ILPT	D	0.03%
MYGN	F	0.03%
RC	D	0.03%
THRY	F	0.03%
RGR	F	0.03%
VRNT	D	0.03%
GLDD	C	0.03%
DT	C	0.03%
AMC	C	0.03%
STNG	F	0.03%
SNOW	C	0.03%
VIR	C	0.03%
RMBS	B	0.03%
CBL	B	0.03%
RDNT	B	0.03%
LEVI	F	0.03%
VAL	F	0.03%
WTTR	B	0.03%
CFFN	B	0.03%
LYV	B	0.03%
CARS	B	0.03%
MNRO	B	0.03%
SSTK	D	0.03%
TRTX	C	0.03%
SCVL	D	0.03%
CMTG	D	0.03%
STEP	B	0.03%
SPSC	D	0.03%
VSEC	B	0.03%
SMP	B	0.03%
USM	C	0.03%
ASTE	B	0.03%
ALRM	C	0.03%
EGBN	B	0.03%
LPG	F	0.03%
IPAR	B	0.03%
AMBC	C	0.02%
FLWS	C	0.02%
NPK	B	0.02%
FIZZ	B	0.02%
ARKO	C	0.02%
BRSP	B	0.02%
KRNY	B	0.02%
DHIL	B	0.02%
ARCO	D	0.02%
DBI	F	0.02%
OPK	B	0.02%
CTRN	C	0.02%
RYAM	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%
BRY	F	0.02%
IRWD	D	0.02%
AGL	F	0.02%
AVNS	F	0.02%
EDR	C	0.02%
SRCE	B	0.02%
CSV	C	0.02%
WABC	B	0.02%
EBF	D	0.02%
WOW	B	0.02%
ALKS	B	0.02%
KREF	D	0.02%
HVT	F	0.02%
MTW	C	0.02%
UFCS	A	0.02%
WMG	B	0.02%
WASH	B	0.02%
AVO	B	0.02%
HFWA	B	0.02%
DCO	B	0.02%
CNOB	B	0.02%
CLB	C	0.02%
BANF	B	0.02%
BJRI	B	0.02%
HAFC	B	0.02%
EVRI	A	0.02%
UTL	C	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	B	0.02%
ZEUS	C	0.02%
ALTO	F	0.02%
AHCO	D	0.02%
MATW	C	0.02%
SHEN	F	0.02%
KNSL	C	0.02%
DAC	C	0.02%
ETD	D	0.02%
CMRE	C	0.02%
GDEN	B	0.02%
CALX	F	0.02%
BBSI	A	0.02%
OCFC	B	0.02%
SFIX	B	0.02%
SBSI	B	0.02%
IIIN	D	0.01%
VTOL	B	0.01%
SNEX	B	0.01%
NBHC	B	0.01%
FBK	B	0.01%
LGND	B	0.01%
LESL	D	0.01%
RILY	F	0.01%
BHLB	B	0.01%
HLNE	B	0.01%
AVD	C	0.01%
MBUU	C	0.01%
PKST	D	0.01%
GPRO	D	0.01%
KE	C	0.01%
GSL	D	0.01%
PETS	B	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	B	0.01%
MED	C	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	C	0.01%
OIS	B	0.01%
RGP	D	0.01%
TITN	D	0.01%
CLDT	B	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	D	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	C	0.0%
THR	D	0.0%
DNUT	D	0.0%
INMD	B	0.0%
SPWH	F	0.0%
MSBI	B	0.0%
CMTL	F	0.0%
ONEW	C	0.0%
TTEC	F	0.0%
AOSL	F	0.0%
PEBO	B	0.0%
REX	C	0.0%
LXU	B	0.0%
HOV	F	0.0%
TBBK	B	0.0%
CRVL	B	0.0%
AMRC	F	0.0%
NIC	B	0.0%
IIPR	F	0.0%
PFBC	B	0.0%
NR	C	0.0%
SEDG	F	0.0%

FNDA Underweight 495 Positions Relative to IWS

Symbol	Grade	Weight
WMB	B	-0.74%
OKE	A	-0.68%
AFL	C	-0.66%
DLR	C	-0.64%
AJG	A	-0.64%
BK	B	-0.62%
KMI	B	-0.56%
FIS	B	-0.54%
DHI	F	-0.54%
O	D	-0.54%
CMI	A	-0.53%
LHX	A	-0.53%
CCI	F	-0.5%
KVUE	B	-0.49%
PCG	A	-0.48%
URI	B	-0.48%
AME	A	-0.48%
BKR	B	-0.47%
SPG	B	-0.47%
HWM	A	-0.47%
ALL	A	-0.47%
DFS	B	-0.47%
PRU	B	-0.47%
EA	A	-0.46%
PEG	C	-0.46%
LEN	D	-0.45%
IR	A	-0.45%
CBRE	A	-0.45%
OTIS	C	-0.44%
CTVA	C	-0.44%
DAL	A	-0.43%
MSTR	B	-0.43%
KR	A	-0.43%
CTSH	A	-0.43%
A	F	-0.43%
MCHP	F	-0.42%
FERG	B	-0.42%
XEL	A	-0.41%
NUE	C	-0.41%
EXC	C	-0.41%
GIS	F	-0.4%
ACGL	D	-0.4%
CHTR	B	-0.4%
GLW	C	-0.4%
MLM	B	-0.39%
ROST	F	-0.39%
HUM	D	-0.38%
MTB	B	-0.38%
IQV	F	-0.38%
EXR	D	-0.38%
WAB	A	-0.38%
DD	D	-0.38%
ED	D	-0.37%
FANG	D	-0.37%
HIG	C	-0.37%
GEHC	F	-0.37%
GRMN	A	-0.36%
AVB	A	-0.36%
PWR	B	-0.36%
WTW	A	-0.35%
NDAQ	A	-0.35%
DOW	F	-0.35%
VICI	D	-0.35%
EBAY	C	-0.34%
FITB	A	-0.34%
EIX	C	-0.34%
CNC	F	-0.34%
ETR	B	-0.34%
RJF	A	-0.33%
XYL	D	-0.33%
ON	F	-0.33%
PAYX	B	-0.33%
TTWO	A	-0.33%
WEC	B	-0.33%
PPG	F	-0.32%
HLT	A	-0.32%
ANSS	B	-0.32%
GPN	B	-0.31%
ROK	B	-0.31%
STT	B	-0.31%
HPE	B	-0.31%
VMC	B	-0.31%
KEYS	C	-0.31%
HPQ	B	-0.3%
PHM	D	-0.3%
MTD	F	-0.3%
DOV	A	-0.3%
EQR	C	-0.3%
VTR	C	-0.29%
FTV	D	-0.29%
AWK	D	-0.29%
EFX	D	-0.29%
NVR	D	-0.29%
RMD	C	-0.29%
LDOS	B	-0.29%
SW	C	-0.29%
TROW	B	-0.28%
HAL	C	-0.28%
FCNCA	B	-0.28%
CHD	B	-0.28%
PPL	A	-0.27%
DVN	F	-0.27%
ADM	F	-0.27%
HUBB	B	-0.27%
HBAN	B	-0.27%
SYF	B	-0.27%
BIIB	F	-0.27%
RF	B	-0.26%
IFF	F	-0.26%
YUM	B	-0.26%
FE	D	-0.26%
CCL	A	-0.26%
SQ	B	-0.26%
AEE	A	-0.26%
SBAC	D	-0.26%
ILMN	C	-0.26%
DTE	D	-0.26%
EQT	B	-0.25%
WDC	D	-0.25%
CINF	A	-0.25%
LNG	B	-0.25%
WY	F	-0.25%
HSY	D	-0.24%
ZBH	C	-0.24%
STLD	B	-0.24%
WBD	B	-0.24%
LYB	F	-0.24%
TDY	A	-0.24%
EXE	A	-0.23%
NTRS	A	-0.23%
K	A	-0.23%
PKG	B	-0.23%
ES	D	-0.23%
STE	F	-0.23%
ATO	A	-0.23%
IP	C	-0.22%
CMS	C	-0.22%
OMC	B	-0.22%
COO	D	-0.22%
HOOD	B	-0.22%
LH	A	-0.22%
INVH	D	-0.22%
CBOE	D	-0.22%
CFG	B	-0.22%
LUV	B	-0.21%
CNP	B	-0.21%
BBY	D	-0.21%
MSCI	B	-0.21%
ESS	C	-0.21%
BLDR	D	-0.21%
TRU	D	-0.21%
MKC	D	-0.21%
PFG	C	-0.21%
ARE	F	-0.21%
J	B	-0.2%
WSO	A	-0.2%
CTRA	B	-0.2%
RS	B	-0.2%
MAA	C	-0.2%
BALL	D	-0.2%
SNA	A	-0.2%
CVNA	B	-0.19%
PNR	A	-0.19%
IEX	B	-0.19%
BAX	F	-0.19%
KEY	B	-0.19%
DGX	A	-0.19%
TRMB	B	-0.19%
MAS	D	-0.19%
WRB	B	-0.19%
CSL	B	-0.19%
HOLX	D	-0.19%
MKL	A	-0.18%
TXT	C	-0.18%
KIM	A	-0.18%
OC	A	-0.18%
TSN	C	-0.18%
DG	F	-0.18%
GPC	D	-0.18%
USFD	A	-0.17%
APTV	D	-0.17%
AVTR	F	-0.17%
CF	B	-0.17%
VTRS	B	-0.17%
SUI	D	-0.17%
THC	B	-0.17%
JBHT	B	-0.17%
FNF	C	-0.17%
DOC	C	-0.17%
MRO	B	-0.17%
SSNC	C	-0.17%
TOL	C	-0.17%
ZBRA	A	-0.17%
GEN	A	-0.17%
NI	A	-0.17%
EME	B	-0.16%
COHR	B	-0.16%
UDR	C	-0.16%
SYY	B	-0.16%
GGG	B	-0.16%
CW	B	-0.16%
RGA	A	-0.16%
LNT	C	-0.16%
AMCR	D	-0.16%
NDSN	B	-0.16%
L	A	-0.16%
IRM	D	-0.16%
ACM	B	-0.16%
RVTY	C	-0.16%
BRO	A	-0.16%
AKAM	F	-0.15%
CAG	F	-0.15%
REG	A	-0.15%
JBL	C	-0.15%
SWK	F	-0.15%
EVRG	A	-0.15%
HES	C	-0.15%
EWBC	B	-0.15%
FFIV	A	-0.15%
NTAP	D	-0.15%
EXPD	D	-0.15%
SWKS	F	-0.15%
HST	C	-0.14%
ITT	A	-0.14%
CPT	C	-0.14%
CACI	C	-0.14%
ALLE	D	-0.14%
CASY	B	-0.14%
CHRW	A	-0.14%
JNPR	D	-0.14%
NVT	B	-0.14%
UNM	A	-0.14%
BXP	D	-0.14%
GLPI	D	-0.14%
JKHY	C	-0.14%
RPM	A	-0.14%
EG	D	-0.14%
CDW	F	-0.14%
ATR	A	-0.13%
RRX	C	-0.13%
ALB	B	-0.13%
NRG	B	-0.13%
EMN	D	-0.13%
CAH	A	-0.13%
SJM	F	-0.13%
BJ	B	-0.13%
TPR	B	-0.13%
UHS	D	-0.13%
EPAM	B	-0.13%
NTNX	B	-0.13%
BG	D	-0.13%
WPC	F	-0.13%
SCI	B	-0.13%
DLTR	F	-0.13%
CTLT	D	-0.12%
AFRM	B	-0.12%
FWONK	A	-0.12%
FHN	A	-0.12%
AIZ	A	-0.12%
CCK	D	-0.12%
KMX	C	-0.12%
EVR	B	-0.12%
AA	C	-0.12%
IPG	F	-0.12%
NWSA	B	-0.12%
PFGC	B	-0.12%
SOFI	B	-0.12%
OVV	C	-0.12%
CG	C	-0.12%
GL	B	-0.11%
FBIN	F	-0.11%
AFG	A	-0.11%
NLY	C	-0.11%
INGR	B	-0.11%
LKQ	D	-0.11%
SOLV	D	-0.11%
LAD	B	-0.11%
AYI	B	-0.11%
EHC	A	-0.11%
AVY	F	-0.11%
FOXA	A	-0.11%
ARMK	B	-0.11%
CIEN	B	-0.11%
PRI	A	-0.11%
DKS	F	-0.11%
TAP	B	-0.11%
DPZ	C	-0.11%
PNW	B	-0.11%
ALSN	A	-0.11%
DOX	C	-0.11%
GPK	D	-0.1%
RIVN	D	-0.1%
KBR	B	-0.1%
JLL	C	-0.1%
CZR	F	-0.1%
HRL	F	-0.1%
TTC	F	-0.1%
AXTA	A	-0.1%
WAT	A	-0.1%
MOS	D	-0.1%
ALLY	C	-0.1%
RL	B	-0.1%
JEF	A	-0.1%
AOS	F	-0.1%
WCC	B	-0.1%
MTZ	B	-0.1%
ORI	A	-0.1%
TFX	F	-0.1%
CNH	D	-0.1%
X	C	-0.1%
CMA	A	-0.1%
WST	B	-0.1%
DCI	A	-0.1%
KNX	B	-0.1%
DRI	B	-0.1%
SNX	C	-0.1%
AES	F	-0.1%
APA	F	-0.09%
LW	C	-0.09%
SEIC	A	-0.09%
HII	D	-0.09%
ACI	C	-0.09%
VNO	C	-0.09%
G	B	-0.09%
SNV	B	-0.09%
VOYA	B	-0.09%
CART	C	-0.09%
LAMR	D	-0.09%
ZION	B	-0.09%
AR	B	-0.09%
LECO	C	-0.09%
FYBR	D	-0.09%
MGM	D	-0.09%
BRX	A	-0.09%
OGE	B	-0.09%
HSIC	F	-0.09%
CPB	F	-0.09%
R	A	-0.08%
GNTX	C	-0.08%
GXO	B	-0.08%
MOH	F	-0.08%
MKSI	C	-0.08%
OSK	B	-0.08%
VFC	C	-0.08%
MIDD	C	-0.08%
FMC	F	-0.08%
FAST	A	-0.08%
SKX	F	-0.08%
MHK	D	-0.08%
RHI	B	-0.08%
BWA	B	-0.08%
MTSI	B	-0.08%
BERY	C	-0.08%
SAIC	C	-0.08%
BEN	C	-0.07%
BPOP	C	-0.07%
STWD	D	-0.07%
OMF	A	-0.07%
MTG	C	-0.07%
KD	A	-0.07%
S	B	-0.07%
ARW	F	-0.07%
NOV	C	-0.07%
DAR	B	-0.07%
FAF	C	-0.07%
WBA	D	-0.07%
PARA	C	-0.07%
IVZ	C	-0.07%
DINO	D	-0.07%
AZPN	A	-0.07%
QRVO	F	-0.07%
DOCS	B	-0.07%
HR	C	-0.07%
WSM	F	-0.07%
BBWI	C	-0.07%
LSTR	B	-0.07%
GWW	B	-0.07%
ALGN	F	-0.07%
CE	F	-0.07%
AVT	C	-0.06%
CCCS	B	-0.06%
OLN	D	-0.06%
LEA	F	-0.06%
NFG	C	-0.06%
POST	D	-0.06%
FOX	A	-0.06%
THO	B	-0.06%
RITM	C	-0.06%
GNRC	B	-0.06%
THG	A	-0.06%
BC	C	-0.06%
AGCO	F	-0.06%
JHG	B	-0.06%
PVH	C	-0.06%
AMG	B	-0.06%
WHR	B	-0.06%
LNC	B	-0.06%
BILL	A	-0.06%
AMTM	D	-0.05%
LINE	F	-0.05%
CLF	D	-0.05%
AN	C	-0.05%
M	D	-0.05%
GAP	B	-0.05%
WLK	F	-0.05%
AMP	A	-0.05%
ST	F	-0.05%
AL	B	-0.05%
TKR	F	-0.05%
SON	D	-0.05%
FRPT	B	-0.05%
UGI	D	-0.05%
ROIV	C	-0.05%
SLM	B	-0.05%
LBTYK	F	-0.04%
VAC	B	-0.04%
ZG	B	-0.04%
HUN	F	-0.04%
LBTYA	F	-0.04%
U	F	-0.04%
PII	F	-0.04%
PRGO	C	-0.04%
XRAY	F	-0.04%
MDU	F	-0.04%
NWS	B	-0.04%
NWL	B	-0.04%
UHAL	C	-0.04%
MSGS	C	-0.04%
DXC	B	-0.04%
VNOM	C	-0.04%
ALNY	D	-0.04%
HOG	F	-0.04%
FLO	F	-0.04%
OGN	F	-0.04%
BR	A	-0.03%
CPRI	F	-0.03%
SHC	D	-0.03%
QDEL	F	-0.03%
ULTA	C	-0.03%
EXP	B	-0.03%
WU	F	-0.03%
CC	C	-0.03%
SEE	C	-0.03%
MPW	F	-0.03%
LLYVK	B	-0.03%
PAG	B	-0.03%
PK	B	-0.03%
MAN	F	-0.03%
BHF	B	-0.03%
BROS	B	-0.03%
PENN	B	-0.03%
ECG	C	-0.03%
NXST	C	-0.03%
TER	F	-0.02%
LEG	F	-0.02%
INFA	D	-0.02%
UA	B	-0.02%
CRI	D	-0.02%
BIRK	F	-0.02%
LEN	D	-0.02%
QS	F	-0.02%
FTRE	D	-0.02%
KSS	F	-0.02%
ALAB	B	-0.02%
LCID	F	-0.02%
LPX	B	-0.02%
RCM	B	-0.02%
AAP	D	-0.02%
ADT	B	-0.02%
IONS	F	-0.01%
TXG	F	-0.01%
PLTK	B	-0.01%
DJT	D	-0.01%
UI	B	-0.01%
TFSL	A	-0.01%
PATH	C	-0.01%
CAR	C	-0.01%
HCP	A	-0.01%
MTN	D	-0.01%
FWONA	A	-0.01%
AS	B	-0.01%
HAS	D	-0.01%
PYCR	B	-0.01%
LLYVA	B	-0.01%
DV	C	-0.01%
LBRDA	C	-0.01%
CERT	F	-0.01%
NCNO	B	-0.01%
LOAR	C	-0.0%
PARAA	B	-0.0%
UWMC	F	-0.0%
NFE	F	-0.0%
UHAL	C	-0.0%
GRAL	B	-0.0%
LAZ	C	-0.0%