FNDA vs. QUS ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to SPDR MSCI USA Quality Mix ETF (QUS)

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

$58.77

Average Daily Volume

251,695

Number of Holdings ^*

995

* may have additional holdings in another (foreign) market

QUS

SPDR MSCI USA Quality Mix ETF

QUS Description

The investment seeks to track the performance of the MSCI USA Quality Mix A-Series Index. The fund invests at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. It is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$156.87

Average Daily Volume

17,447

Number of Holdings ^*

582

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	QUS
30 Days	0.14%	0.36%
60 Days	4.58%	5.91%
90 Days	7.83%	5.80%
12 Months	26.92%	33.85%

66 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in QUS	Overlap
ABNB	D	0.12%	0.02%	0.02%
AMH	D	0.19%	0.01%	0.01%
APO	A	0.13%	0.02%	0.02%
APP	A	0.14%	0.01%	0.01%
ARES	A	0.14%	0.01%	0.01%
BIO	B	0.18%	0.01%	0.01%
BMRN	F	0.09%	0.09%	0.09%
BSY	D	0.06%	0.0%	0.0%
CHRD	F	0.12%	0.01%	0.01%
COIN	F	0.24%	0.01%	0.01%
CRL	F	0.12%	0.01%	0.01%
CSGP	F	0.18%	0.01%	0.01%
DASH	A	0.16%	0.01%	0.01%
DAY	B	0.01%	0.0%	0.0%
DT	C	0.03%	0.0%	0.0%
DXCM	F	0.09%	0.0%	0.0%
ELS	D	0.21%	0.0%	0.0%
ENPH	D	0.07%	0.05%	0.05%
ENTG	D	0.19%	0.01%	0.01%
ERIE	A	0.09%	0.22%	0.09%
EXAS	C	0.05%	0.0%	0.0%
FDS	C	0.2%	0.05%	0.05%
FICO	A	0.31%	0.17%	0.17%
FSLR	C	0.16%	0.04%	0.04%
H	C	0.14%	0.0%	0.0%
HEI	A	0.24%	0.0%	0.0%
HEI	A	0.24%	0.0%	0.0%
INCY	B	0.2%	0.18%	0.18%
LYV	A	0.03%	0.01%	0.01%
MANH	C	0.12%	0.07%	0.07%
MELI	C	0.06%	0.08%	0.06%
MKTX	C	0.14%	0.03%	0.03%
MPWR	B	0.18%	0.12%	0.12%
MTCH	B	0.19%	0.01%	0.01%
NBIX	F	0.06%	0.11%	0.06%
NOW	C	0.15%	0.23%	0.15%
OKTA	F	0.02%	0.0%	0.0%
PAYC	D	0.08%	0.03%	0.03%
PINS	D	0.1%	0.0%	0.0%
PLTR	A	0.1%	0.0%	0.0%
PODD	C	0.05%	0.0%	0.0%
PSTG	F	0.05%	0.0%	0.0%
PTC	D	0.12%	0.17%	0.12%
RCL	C	0.35%	0.01%	0.01%
ROKU	C	0.1%	0.0%	0.0%
ROL	B	0.15%	0.17%	0.15%
RPRX	B	0.2%	0.01%	0.01%
SNAP	D	0.04%	0.0%	0.0%
SNOW	F	0.03%	0.0%	0.0%
TECH	C	0.12%	0.01%	0.01%
TOST	C	0.04%	0.0%	0.0%
TPL	B	0.12%	0.06%	0.06%
TTD	C	0.07%	0.0%	0.0%
TW	A	0.09%	0.07%	0.07%
TWLO	B	0.13%	0.01%	0.01%
TYL	B	0.14%	0.01%	0.01%
UTHR	C	0.31%	0.1%	0.1%
VEEV	C	0.15%	0.08%	0.08%
VLTO	A	0.25%	0.09%	0.09%
VRSN	B	0.13%	0.23%	0.13%
VRT	B	0.2%	0.01%	0.01%
WDAY	D	0.12%	0.14%	0.12%
WTRG	D	0.12%	0.01%	0.01%
WYNN	B	0.19%	0.0%	0.0%
Z	C	0.23%	0.01%	0.01%
ZM	C	0.19%	0.01%	0.01%

FNDA Overweight 930 Positions Relative to QUS

Symbol	Grade	Weight
SATS	C	0.5%
ANF	F	0.36%
MHO	C	0.29%
FLS	A	0.27%
GME	F	0.27%
MAC	C	0.27%
OHI	C	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%
RDN	D	0.25%
SPB	C	0.24%
CRS	C	0.24%
AIT	B	0.24%
BKH	C	0.24%
SCCO	B	0.24%
FIX	A	0.23%
AVNT	C	0.23%
UNIT	B	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%
FRT	D	0.23%
DEI	A	0.22%
SEM	D	0.22%
RXO	D	0.22%
CWK	C	0.22%
ELAN	D	0.22%
HIW	C	0.22%
AGNC	C	0.22%
PLXS	B	0.22%
VMI	B	0.22%
KRC	C	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%
COLD	D	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%
SBH	C	0.2%
BYD	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%
TPC	A	0.2%
AWI	A	0.2%
LCII	B	0.2%
PB	D	0.2%
LOPE	D	0.2%
CUBE	C	0.2%
GATX	F	0.2%
FDP	C	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%
CUZ	C	0.19%
OMI	F	0.19%
LFUS	C	0.19%
SBRA	C	0.19%
ADTN	B	0.19%
CADE	D	0.19%
WTFC	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%
EEFT	F	0.18%
LGIH	C	0.18%
NJR	C	0.18%
HXL	F	0.18%
ASB	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%
SSD	B	0.18%
HWC	D	0.18%
CBSH	D	0.18%
ACA	C	0.18%
NNN	A	0.18%
OZK	F	0.18%
COLM	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%
APLE	D	0.17%
AVA	D	0.17%
WMK	D	0.17%
SVC	F	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%
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%
GBX	C	0.16%
DHC	B	0.16%
SMCI	F	0.16%
ENVA	D	0.16%
SLAB	D	0.16%
OUT	C	0.16%
ACHC	F	0.16%
SLG	C	0.15%
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%
UMBF	C	0.15%
PTEN	F	0.15%
CACC	F	0.15%
EPR	C	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%
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%
RGLD	C	0.14%
SAH	D	0.14%
RNR	A	0.14%
PLUS	C	0.14%
LBRT	F	0.14%
SLGN	C	0.14%
DLB	D	0.14%
CVCO	B	0.14%
ENSG	D	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%
JBGS	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%
VSTO	D	0.13%
CNK	C	0.13%
BRKR	D	0.13%
FELE	C	0.13%
DBX	B	0.13%
JAZZ	F	0.13%
EAT	A	0.13%
ITRI	C	0.13%
MSM	D	0.13%
RRC	D	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%
HPP	F	0.13%
TNL	B	0.13%
ETSY	F	0.13%
GMED	D	0.13%
BOH	D	0.12%
IBP	B	0.12%
BGC	C	0.12%
FR	C	0.12%
EXLS	A	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%
DRH	C	0.12%
FSS	B	0.12%
APOG	B	0.12%
DNB	D	0.12%
STAG	D	0.12%
ABCB	C	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%
RLJ	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%
SHO	D	0.11%
CPNG	C	0.11%
HOPE	D	0.11%
DORM	C	0.11%
PECO	C	0.11%
MWA	A	0.11%
CIVI	F	0.11%
RYI	F	0.11%
HLF	F	0.11%
WSC	D	0.11%
XHR	B	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%
ESRT	C	0.1%
BCPC	C	0.1%
NHI	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%
VIAV	B	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%
KRG	C	0.1%
SKT	A	0.1%
ENOV	F	0.1%
WOR	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%
AZEK	C	0.09%
GNL	D	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%
REXR	D	0.09%
ALEX	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%
UCTT	D	0.09%
MMSI	C	0.09%
ROCK	D	0.09%
HAE	D	0.09%
EGP	D	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%
LXP	D	0.09%
HOMB	D	0.09%
RHP	C	0.09%
TRMK	D	0.09%
PBI	C	0.09%
PDM	C	0.09%
BXC	D	0.09%
OTTR	F	0.09%
JACK	F	0.09%
CNXN	C	0.09%
UE	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%
NSA	C	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%
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%
AKR	C	0.08%
ESE	B	0.08%
THRM	F	0.08%
SCHL	F	0.08%
PEB	D	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%
AAT	C	0.07%
LGF.A	F	0.07%
CAL	F	0.07%
CARG	C	0.07%
BNL	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%
DFIN	C	0.07%
OXM	F	0.07%
REYN	D	0.07%
IRT	C	0.07%
GPRE	F	0.07%
BRC	C	0.07%
GES	F	0.07%
EXPI	C	0.07%
SEB	D	0.07%
EYE	F	0.07%
ROIC	C	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%
ADC	B	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%
BDN	A	0.07%
MTRN	F	0.07%
DEA	D	0.06%
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%
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%
AWR	A	0.06%
PGRE	D	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%
PR	F	0.06%
FBNC	D	0.05%
CNDT	B	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%
FCPT	C	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%
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%
TRNO	D	0.05%
CHEF	C	0.05%
EFSC	D	0.05%
WHD	B	0.05%
EPRT	C	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%
IVT	C	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%
ILPT	D	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%
CMPR	F	0.04%
SFL	D	0.04%
LEVI	B	0.04%
LNN	C	0.04%
LTC	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%
STEP	A	0.03%
CBL	D	0.03%
ASTE	F	0.03%
TKO	A	0.03%
MXL	F	0.03%
RWT	C	0.03%
MP	B	0.03%
CTRE	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%
CLDT	D	0.02%
NPK	F	0.02%
CLOV	B	0.02%
IRBT	D	0.02%
AMBC	F	0.02%
GTY	C	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%
OPI	F	0.02%
CNOB	C	0.02%
MTW	F	0.02%
CSR	D	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%
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%
IIPR	C	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%
PKST	D	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%
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 516 Positions Relative to QUS

Symbol	Grade	Weight
AAPL	C	-3.29%
MSFT	D	-2.76%
META	A	-2.43%
LLY	D	-2.3%
NVDA	C	-2.29%
UNH	B	-2.2%
JNJ	D	-1.75%
V	C	-1.72%
MA	A	-1.62%
COST	C	-1.28%
CSCO	A	-1.24%
GOOGL	B	-1.18%
ACN	B	-1.18%
PEP	D	-1.1%
GOOG	B	-1.09%
BRK.A	C	-1.08%
TXN	C	-1.07%
KO	C	-0.95%
WMT	A	-0.92%
JPM	D	-0.91%
VZ	A	-0.89%
XOM	A	-0.83%
LMT	A	-0.83%
IBM	B	-0.73%
ADBE	F	-0.72%
TMUS	A	-0.69%
MMC	D	-0.69%
T	A	-0.68%
CB	A	-0.67%
APH	D	-0.65%
CAT	A	-0.65%
PGR	C	-0.65%
DUK	A	-0.63%
AMZN	C	-0.63%
NOC	B	-0.61%
PG	C	-0.61%
AVGO	C	-0.6%
VRTX	D	-0.59%
MSI	A	-0.59%
BAC	D	-0.59%
ABBV	A	-0.59%
AMAT	B	-0.57%
QCOM	D	-0.57%
SO	A	-0.56%
TJX	C	-0.55%
MRK	F	-0.55%
WCN	D	-0.52%
MCD	A	-0.52%
RSG	D	-0.52%
ADP	A	-0.51%
CVX	B	-0.51%
WM	B	-0.5%
MCK	F	-0.5%
ORCL	B	-0.49%
HON	C	-0.48%
ROP	C	-0.47%
ED	A	-0.46%
AJG	D	-0.45%
TRV	C	-0.43%
BLK	A	-0.42%
ACGL	A	-0.42%
C	B	-0.41%
GILD	A	-0.41%
CMCSA	B	-0.41%
ANET	A	-0.4%
CTSH	B	-0.39%
ELV	F	-0.38%
PFE	D	-0.38%
AZO	D	-0.37%
WFC	D	-0.37%
REGN	D	-0.36%
KLAC	B	-0.36%
LRCX	D	-0.35%
HD	A	-0.35%
CVS	D	-0.34%
MPC	F	-0.34%
BMY	B	-0.33%
COR	F	-0.33%
NKE	D	-0.33%
CBOE	A	-0.31%
KR	C	-0.31%
AMGN	D	-0.31%
GIS	C	-0.3%
WEC	A	-0.29%
K	B	-0.29%
MMM	C	-0.29%
ZTS	C	-0.28%
EA	D	-0.28%
KDP	C	-0.28%
TSN	D	-0.28%
FCNCA	D	-0.28%
GDDY	D	-0.28%
FI	A	-0.27%
ITW	A	-0.27%
KEYS	B	-0.27%
PANW	D	-0.27%
CI	D	-0.26%
SHW	B	-0.26%
BDX	B	-0.26%
CDNS	D	-0.26%
SNPS	F	-0.26%
NEM	C	-0.25%
MDLZ	C	-0.25%
ORLY	A	-0.25%
GS	C	-0.25%
TT	A	-0.25%
GM	D	-0.25%
CDW	D	-0.24%
CME	A	-0.23%
CMG	C	-0.22%
BAH	A	-0.22%
AFL	A	-0.22%
TSLA	C	-0.22%
DHI	C	-0.22%
FANG	D	-0.22%
CTAS	B	-0.22%
MCO	D	-0.21%
FFIV	B	-0.21%
TDY	A	-0.2%
HUM	F	-0.2%
AEP	C	-0.2%
KHC	D	-0.2%
HSY	D	-0.2%
EG	B	-0.19%
RTX	A	-0.19%
XEL	A	-0.19%
YUM	A	-0.19%
AON	A	-0.19%
JNPR	B	-0.18%
CL	D	-0.18%
UBER	C	-0.18%
LIN	B	-0.17%
INTC	D	-0.17%
COP	D	-0.17%
AKAM	D	-0.17%
CTVA	A	-0.17%
GRMN	D	-0.17%
GWW	A	-0.17%
F	D	-0.16%
MS	B	-0.16%
PAYX	A	-0.16%
NTAP	D	-0.16%
VRSK	D	-0.15%
IDXX	D	-0.15%
PNC	C	-0.15%
EOG	B	-0.15%
ICE	A	-0.15%
PSX	D	-0.15%
ADI	C	-0.15%
AFG	C	-0.15%
MOH	D	-0.15%
WTW	B	-0.15%
ABT	B	-0.15%
CMI	B	-0.15%
MDT	B	-0.15%
PSA	C	-0.15%
GLW	B	-0.14%
FAST	B	-0.14%
MKL	C	-0.14%
CHD	C	-0.14%
D	A	-0.14%
TFC	D	-0.14%
ADSK	B	-0.14%
DIS	D	-0.14%
USB	C	-0.14%
VLO	F	-0.14%
TMO	C	-0.13%
A	B	-0.13%
LOW	A	-0.13%
CPRT	B	-0.13%
CPB	D	-0.13%
COF	C	-0.13%
AIG	F	-0.12%
GE	C	-0.12%
MNST	D	-0.12%
WRB	B	-0.12%
NFLX	A	-0.12%
NVR	A	-0.12%
L	D	-0.12%
EW	F	-0.12%
MCHP	F	-0.12%
PHM	A	-0.12%
WMB	A	-0.12%
GEN	B	-0.12%
ODFL	D	-0.12%
IT	C	-0.12%
OXY	F	-0.11%
AEE	A	-0.11%
PM	C	-0.11%
NEE	A	-0.11%
CNC	F	-0.11%
DE	A	-0.11%
FDX	D	-0.11%
CAH	B	-0.11%
AIZ	A	-0.11%
UPS	D	-0.11%
ROK	D	-0.1%
TSCO	A	-0.1%
RMD	C	-0.1%
CRM	B	-0.1%
AXP	A	-0.1%
TGT	C	-0.1%
DHR	C	-0.1%
WBD	D	-0.1%
LULU	D	-0.1%
DTE	A	-0.1%
BBY	B	-0.1%
KMB	B	-0.1%
TROW	D	-0.09%
PLD	D	-0.09%
MET	A	-0.09%
ALNY	C	-0.09%
BLDR	B	-0.09%
HIG	A	-0.09%
CMS	A	-0.09%
ADM	D	-0.09%
GD	A	-0.08%
NUE	D	-0.08%
CHTR	D	-0.08%
DECK	B	-0.08%
PKG	C	-0.08%
PRU	C	-0.08%
BK	C	-0.08%
HRL	F	-0.08%
ULTA	D	-0.08%
UNP	D	-0.08%
HUBB	A	-0.07%
HUBS	D	-0.07%
EME	C	-0.07%
DPZ	D	-0.07%
MTB	C	-0.07%
HPQ	C	-0.07%
WAT	B	-0.07%
WSM	B	-0.07%
SPGI	C	-0.07%
EXPD	C	-0.07%
PYPL	C	-0.07%
LEN	B	-0.07%
MU	D	-0.07%
HCA	B	-0.07%
OMC	C	-0.07%
AMD	D	-0.07%
DOW	B	-0.07%
STX	B	-0.07%
HOLX	D	-0.07%
LPLA	D	-0.06%
PCG	B	-0.06%
KMI	A	-0.06%
SCHW	D	-0.06%
SOLV	C	-0.06%
TER	C	-0.06%
DGX	B	-0.06%
DFS	C	-0.06%
CFG	D	-0.06%
SRE	A	-0.06%
EXC	A	-0.06%
MO	D	-0.06%
SBUX	B	-0.06%
HPE	B	-0.06%
ALL	B	-0.06%
WST	D	-0.06%
WBA	F	-0.06%
OKE	B	-0.05%
ETN	C	-0.05%
CBRE	A	-0.05%
HBAN	D	-0.05%
GGG	B	-0.05%
JCI	B	-0.05%
VTRS	D	-0.05%
EIX	A	-0.05%
JBHT	D	-0.05%
POOL	B	-0.05%
O	A	-0.05%
LNG	A	-0.05%
SYY	B	-0.05%
NSC	C	-0.05%
SYF	B	-0.05%
SYK	C	-0.05%
CHK	D	-0.05%
PCAR	D	-0.05%
LNT	A	-0.05%
FCX	B	-0.05%
BG	F	-0.05%
RF	C	-0.05%
CSX	D	-0.05%
DELL	C	-0.05%
SNA	A	-0.05%
SLB	D	-0.05%
LYB	D	-0.05%
CRWD	D	-0.05%
STT	C	-0.05%
WSO	C	-0.05%
APA	F	-0.05%
SWKS	F	-0.05%
FITB	C	-0.05%
EPAM	F	-0.04%
MRO	D	-0.04%
GEV	B	-0.04%
PH	A	-0.04%
BKR	B	-0.04%
KEY	C	-0.04%
CEG	B	-0.04%
KKR	A	-0.04%
KNX	D	-0.04%
VICI	C	-0.04%
CARR	A	-0.04%
STLD	B	-0.04%
JKHY	A	-0.04%
URI	C	-0.04%
ATO	A	-0.04%
BX	C	-0.04%
KVUE	C	-0.04%
ALLE	A	-0.04%
BSX	A	-0.04%
PEG	A	-0.04%
OTIS	A	-0.04%
ETR	A	-0.04%
APD	C	-0.04%
LHX	A	-0.04%
AMT	C	-0.04%
EMR	B	-0.04%
DD	B	-0.04%
DVN	F	-0.04%
IEX	D	-0.04%
CAG	D	-0.03%
ECL	B	-0.03%
ALLY	F	-0.03%
EXR	C	-0.03%
SW	C	-0.03%
FE	B	-0.03%
BA	F	-0.03%
PPL	A	-0.03%
PPG	D	-0.03%
CNH	B	-0.03%
SEIC	B	-0.03%
BAX	D	-0.03%
RJF	B	-0.03%
APTV	D	-0.03%
HAL	F	-0.03%
BR	B	-0.03%
LW	D	-0.03%
BIIB	F	-0.03%
JBL	D	-0.03%
PARA	F	-0.03%
ACI	F	-0.03%
NTRS	C	-0.03%
NRG	A	-0.03%
TTC	D	-0.03%
OVV	F	-0.03%
KMX	F	-0.03%
ES	C	-0.03%
SWK	A	-0.03%
SPG	A	-0.03%
CCI	C	-0.03%
NXPI	F	-0.03%
CF	A	-0.03%
ROST	C	-0.03%
WY	B	-0.03%
CINF	A	-0.03%
GEHC	C	-0.03%
CTRA	D	-0.03%
BKNG	C	-0.03%
ISRG	A	-0.03%
FIS	C	-0.03%
MOS	D	-0.03%
DLR	C	-0.03%
AMP	A	-0.03%
IP	C	-0.03%
WELL	C	-0.03%
PFG	C	-0.03%
INTU	F	-0.03%
AOS	B	-0.03%
GPN	F	-0.03%
DRI	C	-0.02%
VMC	D	-0.02%
XYL	C	-0.02%
EL	D	-0.02%
SSNC	C	-0.02%
MRVL	C	-0.02%
EFX	C	-0.02%
NDAQ	C	-0.02%
CCK	C	-0.02%
MLM	D	-0.02%
IPG	C	-0.02%
EQH	C	-0.02%
DOV	C	-0.02%
RVTY	B	-0.02%
ALB	D	-0.02%
IR	A	-0.02%
MAR	B	-0.02%
LDOS	A	-0.02%
LKQ	F	-0.02%
BALL	C	-0.02%
KIM	C	-0.02%
STZ	B	-0.02%
NI	A	-0.02%
VTR	C	-0.02%
SJM	C	-0.02%
J	D	-0.02%
OC	C	-0.02%
AES	B	-0.02%
VST	A	-0.02%
AWK	B	-0.02%
WDC	C	-0.02%
FTV	B	-0.02%
EMN	C	-0.02%
DLTR	F	-0.02%
AMCR	B	-0.02%
CRBG	C	-0.02%
EQR	C	-0.02%
AVB	C	-0.02%
ARE	D	-0.02%
TXT	F	-0.02%
WAB	A	-0.02%
PWR	B	-0.02%
GPC	D	-0.02%
AME	D	-0.02%
CNP	B	-0.02%
UHS	D	-0.02%
EVRG	C	-0.02%
FNF	A	-0.02%
HES	D	-0.02%
FOXA	A	-0.02%
EBAY	A	-0.02%
ZBH	F	-0.02%
TRGP	B	-0.02%
TAP	D	-0.02%
CE	D	-0.02%
CHRW	A	-0.02%
MRNA	F	-0.02%
SQ	D	-0.02%
IFF	C	-0.02%
EQIX	B	-0.02%
EQT	B	-0.02%
DG	F	-0.02%
RS	D	-0.02%
IQV	F	-0.02%
DINO	F	-0.02%
ON	F	-0.02%
LUV	B	-0.01%
RIVN	F	-0.01%
BBWI	F	-0.01%
LII	C	-0.01%
NDSN	B	-0.01%
ILMN	B	-0.01%
ALGN	D	-0.01%
MTD	B	-0.01%
LVS	B	-0.01%
UDR	C	-0.01%
SBAC	B	-0.01%
ANSS	D	-0.01%
MSCI	B	-0.01%
CTLT	A	-0.01%
MGM	D	-0.01%
CPT	C	-0.01%
TFX	C	-0.01%
UHAL	A	-0.01%
DVA	C	-0.01%
FOX	A	-0.01%
WLK	C	-0.01%
FTNT	A	-0.01%
CCL	C	-0.01%
RPM	A	-0.01%
PNR	C	-0.01%
GLPI	A	-0.01%
HST	D	-0.01%
DAL	C	-0.01%
NWSA	D	-0.01%
HLT	A	-0.01%
TDG	A	-0.01%
ESS	C	-0.01%
CSL	A	-0.01%
REG	C	-0.01%
BEN	F	-0.01%
AVY	C	-0.01%
TRU	A	-0.01%
TTWO	F	-0.01%
QRVO	F	-0.01%
TRMB	B	-0.01%
IRM	A	-0.01%
CLX	B	-0.01%
ZBRA	A	-0.01%
MAS	A	-0.01%
FBIN	C	-0.01%
CG	C	-0.01%
HWM	A	-0.01%
SUI	D	-0.01%
ACM	C	-0.01%
BURL	D	-0.01%
MAA	C	-0.01%
AVTR	D	-0.01%
CPAY	A	-0.01%
INVH	D	-0.01%
STE	D	-0.01%
WPC	C	-0.01%
HSIC	D	-0.01%
BRO	A	-0.01%
HII	F	-0.01%
MKC	C	-0.01%
EXPE	B	-0.01%
DOC	C	-0.01%
DKS	D	-0.01%
BXP	C	-0.01%
CELH	F	-0.0%
TEAM	D	-0.0%
ZS	F	-0.0%
IOT	C	-0.0%
NET	D	-0.0%
RBLX	C	-0.0%
MDB	F	-0.0%
DKNG	D	-0.0%
DDOG	D	-0.0%
MSTR	B	-0.0%
DOCU	B	-0.0%
AXON	A	-0.0%
HOOD	C	-0.0%