FNDA vs. SLYV ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index (SLYV)

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

$31.58

Average Daily Volume

451,412

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

SLYV

SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index

SLYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of small capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. In seeking to track the performance of the S&P SmallCap 600 Value Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$92.92

Average Daily Volume

179,160

Number of Holdings ^*

448

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	SLYV
30 Days	7.43%	9.49%
60 Days	12.75%	13.54%
90 Days	13.93%	14.60%
12 Months	37.24%	36.96%

342 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in SLYV	Overlap
AAT	B	0.07%	0.18%	0.07%
ABCB	B	0.13%	0.61%	0.13%
ABR	B	0.09%	0.39%	0.09%
ACA	B	0.19%	0.28%	0.19%
ACIW	B	0.18%	0.31%	0.18%
ADUS	D	0.06%	0.18%	0.06%
AEIS	B	0.11%	0.23%	0.11%
AGO	B	0.15%	0.23%	0.15%
AHCO	F	0.02%	0.14%	0.02%
AIN	D	0.09%	0.18%	0.09%
AIR	C	0.12%	0.08%	0.08%
AKR	B	0.08%	0.36%	0.08%
ALEX	B	0.09%	0.19%	0.09%
ALGT	C	0.08%	0.14%	0.08%
ALK	B	0.05%	0.87%	0.05%
ALKS	C	0.02%	0.23%	0.02%
AMN	F	0.12%	0.1%	0.1%
AMSF	A	0.01%	0.09%	0.01%
AMWD	B	0.14%	0.09%	0.09%
ANDE	D	0.12%	0.1%	0.1%
AOSL	F	0.0%	0.09%	0.0%
APAM	B	0.15%	0.2%	0.15%
APOG	A	0.14%	0.14%	0.14%
ARI	D	0.08%	0.06%	0.06%
ASIX	B	0.04%	0.11%	0.04%
ASTE	C	0.03%	0.11%	0.03%
AUB	B	0.07%	0.51%	0.07%
AVA	D	0.15%	0.39%	0.15%
AVNS	F	0.02%	0.13%	0.02%
AWR	B	0.06%	0.2%	0.06%
AX	B	0.11%	0.21%	0.11%
AXL	D	0.05%	0.1%	0.05%
B	B	0.16%	0.29%	0.16%
BANF	B	0.02%	0.12%	0.02%
BANR	B	0.12%	0.33%	0.12%
BCPC	B	0.1%	0.34%	0.1%
BDN	C	0.07%	0.13%	0.07%
BGC	A	0.13%	0.25%	0.13%
BGS	F	0.04%	0.07%	0.04%
BHE	B	0.22%	0.25%	0.22%
BHLB	B	0.01%	0.09%	0.01%
BJRI	C	0.02%	0.11%	0.02%
BKE	B	0.09%	0.07%	0.07%
BKU	B	0.28%	0.39%	0.28%
BLMN	F	0.08%	0.09%	0.08%
BOH	B	0.14%	0.25%	0.14%
BRC	B	0.07%	0.16%	0.07%
BRKL	B	0.02%	0.14%	0.02%
BSIG	B	0.07%	0.05%	0.05%
BXMT	B	0.14%	0.45%	0.14%
CABO	C	0.13%	0.24%	0.13%
CAKE	B	0.07%	0.16%	0.07%
CAL	F	0.06%	0.14%	0.06%
CALX	F	0.02%	0.14%	0.02%
CATY	B	0.17%	0.27%	0.17%
CBRL	D	0.15%	0.15%	0.15%
CBU	B	0.11%	0.48%	0.11%
CCS	D	0.19%	0.16%	0.16%
CENT	D	0.01%	0.05%	0.01%
CENTA	D	0.09%	0.22%	0.09%
CFFN	B	0.03%	0.11%	0.03%
CHCO	B	0.05%	0.1%	0.05%
CHEF	B	0.05%	0.2%	0.05%
CLB	C	0.02%	0.08%	0.02%
CNS	B	0.07%	0.19%	0.07%
CNSL	B	0.04%	0.05%	0.04%
CNXN	C	0.09%	0.12%	0.09%
COHU	C	0.05%	0.11%	0.05%
COOP	A	0.22%	0.86%	0.22%
CORT	B	0.1%	0.24%	0.1%
CPF	B	0.03%	0.11%	0.03%
CPK	B	0.06%	0.2%	0.06%
CRGY	A	0.04%	0.28%	0.04%
CRK	B	0.07%	0.08%	0.07%
CSGS	B	0.08%	0.11%	0.08%
CSR	B	0.02%	0.15%	0.02%
CTRE	C	0.03%	0.26%	0.03%
CTS	B	0.06%	0.11%	0.06%
CVBF	B	0.11%	0.39%	0.11%
CVI	F	0.05%	0.04%	0.04%
CWEN	D	0.09%	0.31%	0.09%
CWEN	D	0.09%	0.12%	0.09%
CWK	B	0.22%	0.46%	0.22%
CWT	D	0.08%	0.25%	0.08%
CXW	B	0.23%	0.33%	0.23%
DEA	D	0.05%	0.18%	0.05%
DEI	B	0.22%	0.44%	0.22%
DIOD	D	0.13%	0.15%	0.13%
DLX	B	0.07%	0.13%	0.07%
DNOW	C	0.14%	0.2%	0.14%
DORM	B	0.13%	0.15%	0.13%
DXPE	B	0.04%	0.12%	0.04%
DY	C	0.23%	0.7%	0.23%
EAT	B	0.18%	0.39%	0.18%
ECPG	B	0.12%	0.16%	0.12%
EGBN	B	0.03%	0.11%	0.03%
EIG	B	0.09%	0.18%	0.09%
ELME	C	0.06%	0.21%	0.06%
EMBC	C	0.06%	0.12%	0.06%
ENR	B	0.09%	0.16%	0.09%
ENV	C	0.06%	0.25%	0.06%
ENVA	B	0.19%	0.35%	0.19%
EPAC	B	0.06%	0.12%	0.06%
EPC	D	0.11%	0.24%	0.11%
EPRT	C	0.05%	0.37%	0.05%
ETD	F	0.02%	0.05%	0.02%
ETSY	D	0.12%	0.47%	0.12%
EYE	D	0.07%	0.12%	0.07%
FBK	B	0.01%	0.26%	0.01%
FBNC	B	0.05%	0.25%	0.05%
FBRT	B	0.04%	0.15%	0.04%
FCF	B	0.07%	0.14%	0.07%
FCPT	D	0.04%	0.2%	0.04%
FDP	B	0.23%	0.15%	0.15%
FFBC	B	0.11%	0.37%	0.11%
FHB	B	0.2%	0.47%	0.2%
FIZZ	B	0.02%	0.07%	0.02%
FLGT	F	0.01%	0.06%	0.01%
FOXF	F	0.05%	0.12%	0.05%
FUL	D	0.18%	0.3%	0.18%
FULT	B	0.14%	0.5%	0.14%
FWRD	D	0.15%	0.09%	0.09%
GBX	B	0.2%	0.27%	0.2%
GDEN	C	0.02%	0.04%	0.02%
GDOT	D	0.03%	0.1%	0.03%
GEO	B	0.34%	0.45%	0.34%
GFF	C	0.08%	0.12%	0.08%
GIII	C	0.18%	0.17%	0.17%
GNL	D	0.08%	0.21%	0.08%
GO	D	0.07%	0.23%	0.07%
GPRE	F	0.06%	0.1%	0.06%
GTES	B	0.16%	0.43%	0.16%
GTY	B	0.01%	0.12%	0.01%
GVA	A	0.24%	0.28%	0.24%
HAFC	B	0.02%	0.1%	0.02%
HAIN	D	0.05%	0.09%	0.05%
HASI	F	0.02%	0.51%	0.02%
HAYN	A	0.0%	0.05%	0.0%
HAYW	C	0.05%	0.31%	0.05%
HCSG	B	0.06%	0.12%	0.06%
HELE	D	0.12%	0.19%	0.12%
HFWA	B	0.02%	0.12%	0.02%
HI	C	0.1%	0.3%	0.1%
HIW	B	0.21%	0.49%	0.21%
HMN	B	0.07%	0.23%	0.07%
HNI	B	0.17%	0.14%	0.14%
HOPE	B	0.12%	0.22%	0.12%
HP	C	0.2%	0.22%	0.2%
HPP	F	0.12%	0.09%	0.09%
HSII	A	0.03%	0.13%	0.03%
HTH	C	0.12%	0.2%	0.12%
HTLD	C	0.04%	0.03%	0.03%
HZO	C	0.05%	0.09%	0.05%
IAC	C	0.13%	0.31%	0.13%
IART	C	0.08%	0.23%	0.08%
IBTX	B	0.09%	0.31%	0.09%
ICHR	C	0.05%	0.15%	0.05%
ICUI	C	0.14%	0.59%	0.14%
IIIN	F	0.01%	0.03%	0.01%
IIPR	F	0.0%	0.19%	0.0%
INDB	B	0.09%	0.41%	0.09%
INVA	B	0.04%	0.08%	0.04%
IOSP	B	0.13%	0.15%	0.13%
IRWD	D	0.02%	0.04%	0.02%
ITRI	A	0.14%	0.38%	0.14%
JBGS	D	0.13%	0.2%	0.13%
JBLU	C	0.16%	0.24%	0.16%
JBSS	F	0.04%	0.05%	0.04%
JBT	B	0.12%	0.2%	0.12%
KALU	C	0.11%	0.18%	0.11%
KAR	B	0.12%	0.29%	0.12%
KELYA	F	0.09%	0.08%	0.08%
KFY	B	0.22%	0.24%	0.22%
KLG	C	0.08%	0.18%	0.08%
KLIC	C	0.05%	0.13%	0.05%
KMT	B	0.2%	0.31%	0.2%
KN	B	0.08%	0.13%	0.08%
KOP	D	0.07%	0.05%	0.05%
KREF	D	0.02%	0.09%	0.02%
KW	B	0.08%	0.18%	0.08%
KWR	D	0.06%	0.15%	0.06%
LCII	D	0.19%	0.15%	0.15%
LESL	D	0.01%	0.08%	0.01%
LGIH	D	0.16%	0.12%	0.12%
LGND	B	0.01%	0.32%	0.01%
LKFN	B	0.04%	0.13%	0.04%
LNN	B	0.04%	0.1%	0.04%
LTC	B	0.04%	0.13%	0.04%
LXP	D	0.08%	0.38%	0.08%
LZB	C	0.14%	0.11%	0.11%
MAC	B	0.26%	0.57%	0.26%
MATV	F	0.05%	0.1%	0.05%
MATW	C	0.02%	0.04%	0.02%
MC	B	0.21%	0.34%	0.21%
MCY	A	0.14%	0.26%	0.14%
MD	B	0.08%	0.18%	0.08%
MGEE	A	0.09%	0.21%	0.09%
MGPI	F	0.0%	0.04%	0.0%
MLKN	F	0.14%	0.23%	0.14%
MMI	B	0.06%	0.08%	0.06%
MMSI	A	0.09%	0.33%	0.09%
MNRO	B	0.03%	0.12%	0.03%
MODG	F	0.06%	0.19%	0.06%
MP	B	0.03%	0.2%	0.03%
MRCY	B	0.07%	0.29%	0.07%
MRTN	C	0.07%	0.08%	0.07%
MTUS	C	0.03%	0.04%	0.03%
MTX	B	0.15%	0.18%	0.15%
MXL	C	0.03%	0.06%	0.03%
MYE	F	0.01%	0.03%	0.01%
MYGN	F	0.03%	0.11%	0.03%
NBHC	B	0.01%	0.25%	0.01%
NBR	C	0.05%	0.1%	0.05%
NBTB	B	0.07%	0.31%	0.07%
NGVT	C	0.12%	0.23%	0.12%
NHC	C	0.1%	0.11%	0.1%
NMIH	D	0.07%	0.14%	0.07%
NPK	B	0.02%	0.03%	0.02%
NPO	C	0.09%	0.26%	0.09%
NTCT	B	0.1%	0.22%	0.1%
NVEE	D	0.04%	0.18%	0.04%
NVRI	F	0.04%	0.08%	0.04%
NWBI	B	0.08%	0.25%	0.08%
NWN	B	0.08%	0.21%	0.08%
NX	C	0.07%	0.06%	0.06%
OMCL	B	0.08%	0.33%	0.08%
OMI	F	0.15%	0.13%	0.13%
OUT	C	0.15%	0.19%	0.15%
PBH	B	0.1%	0.28%	0.1%
PBI	C	0.1%	0.17%	0.1%
PCRX	D	0.0%	0.11%	0.0%
PDCO	D	0.17%	0.23%	0.17%
PEB	D	0.08%	0.22%	0.08%
PECO	B	0.11%	0.32%	0.11%
PFS	B	0.1%	0.38%	0.1%
PHIN	B	0.16%	0.3%	0.16%
PINC	B	0.21%	0.33%	0.21%
PIPR	B	0.18%	0.37%	0.18%
PJT	B	0.07%	0.22%	0.07%
PLAB	C	0.07%	0.07%	0.07%
PLUS	C	0.13%	0.14%	0.13%
PLXS	B	0.26%	0.34%	0.26%
PMT	D	0.08%	0.16%	0.08%
PPBI	B	0.11%	0.36%	0.11%
PRA	B	0.04%	0.11%	0.04%
PRAA	C	0.04%	0.13%	0.04%
PRDO	B	0.08%	0.09%	0.08%
PRK	B	0.09%	0.22%	0.09%
PRLB	B	0.03%	0.04%	0.03%
PSMT	C	0.17%	0.31%	0.17%
PTEN	D	0.16%	0.18%	0.16%
PUMP	F	0.04%	0.09%	0.04%
PZZA	C	0.04%	0.13%	0.04%
RC	F	0.03%	0.16%	0.03%
RDN	D	0.24%	0.31%	0.24%
RGR	F	0.03%	0.09%	0.03%
RNST	B	0.05%	0.32%	0.05%
ROG	C	0.07%	0.09%	0.07%
ROIC	A	0.07%	0.3%	0.07%
RUN	F	0.02%	0.35%	0.02%
RXO	B	0.24%	0.29%	0.24%
SABR	C	0.06%	0.09%	0.06%
SAFT	C	0.08%	0.17%	0.08%
SAH	B	0.14%	0.13%	0.13%
SATS	C	0.46%	0.43%	0.43%
SBCF	B	0.03%	0.34%	0.03%
SBH	C	0.18%	0.18%	0.18%
SBSI	B	0.02%	0.09%	0.02%
SCHL	F	0.06%	0.09%	0.06%
SCL	C	0.13%	0.23%	0.13%
SCSC	C	0.09%	0.16%	0.09%
SCVL	D	0.03%	0.09%	0.03%
SEDG	F	0.0%	0.07%	0.0%
SEM	B	0.23%	0.55%	0.23%
SFBS	B	0.04%	0.34%	0.04%
SFNC	B	0.17%	0.42%	0.17%
SJW	D	0.05%	0.13%	0.05%
SKYW	B	0.24%	0.28%	0.24%
SLG	B	0.16%	0.71%	0.16%
SLVM	A	0.27%	0.44%	0.27%
SMP	C	0.03%	0.1%	0.03%
SMPL	C	0.05%	0.16%	0.05%
SMTC	A	0.13%	0.28%	0.13%
SNDR	A	0.13%	0.19%	0.13%
SNEX	B	0.01%	0.37%	0.01%
SONO	C	0.06%	0.22%	0.06%
SSTK	D	0.03%	0.05%	0.03%
STBA	C	0.06%	0.1%	0.06%
STC	C	0.18%	0.27%	0.18%
STEP	B	0.03%	0.39%	0.03%
STRA	D	0.09%	0.19%	0.09%
SUPN	B	0.05%	0.16%	0.05%
SVC	F	0.11%	0.07%	0.07%
SXC	A	0.05%	0.14%	0.05%
SXT	B	0.15%	0.26%	0.15%
TALO	C	0.08%	0.2%	0.08%
THRM	F	0.07%	0.1%	0.07%
THRY	F	0.03%	0.07%	0.03%
THS	F	0.15%	0.24%	0.15%
TILE	A	0.07%	0.19%	0.07%
TMP	B	0.02%	0.12%	0.02%
TRMK	B	0.11%	0.32%	0.11%
TRN	B	0.19%	0.21%	0.19%
TTMI	A	0.23%	0.35%	0.23%
TWI	F	0.0%	0.05%	0.0%
UCB	B	0.1%	0.51%	0.1%
UCTT	D	0.08%	0.24%	0.08%
UE	A	0.1%	0.15%	0.1%
UFCS	B	0.02%	0.07%	0.02%
UNF	B	0.17%	0.23%	0.17%
UNIT	B	0.22%	0.09%	0.09%
UPBD	C	0.13%	0.1%	0.1%
USNA	C	0.03%	0.06%	0.03%
USPH	C	0.01%	0.09%	0.01%
UTL	C	0.02%	0.07%	0.02%
UVV	C	0.15%	0.17%	0.15%
VBTX	B	0.06%	0.22%	0.06%
VIAV	B	0.11%	0.32%	0.11%
VIR	C	0.03%	0.12%	0.03%
VIRT	A	0.21%	0.37%	0.21%
VRE	B	0.05%	0.12%	0.05%
VRTS	B	0.05%	0.08%	0.05%
VSAT	F	0.06%	0.11%	0.06%
VSCO	B	0.26%	0.38%	0.26%
VSTO	B	0.13%	0.35%	0.13%
VSTS	F	0.17%	0.1%	0.1%
VTLE	D	0.04%	0.06%	0.04%
VTOL	C	0.01%	0.13%	0.01%
VYX	C	0.16%	0.28%	0.16%
WABC	B	0.02%	0.08%	0.02%
WAFD	C	0.16%	0.41%	0.16%
WD	B	0.16%	0.27%	0.16%
WGO	C	0.17%	0.1%	0.1%
WHD	B	0.06%	0.23%	0.06%
WNC	D	0.08%	0.11%	0.08%
WOLF	F	0.02%	0.07%	0.02%
WOR	D	0.09%	0.05%	0.05%
WSFS	B	0.1%	0.25%	0.1%
WWW	A	0.09%	0.24%	0.09%
XHR	B	0.11%	0.08%	0.08%
ZD	C	0.14%	0.3%	0.14%
ZWS	B	0.07%	0.44%	0.07%

FNDA Overweight 655 Positions Relative to SLYV

Symbol	Grade	Weight
RCL	B	0.43%
UAL	A	0.39%
ANF	C	0.32%
FICO	B	0.32%
UTHR	B	0.32%
SF	B	0.31%
HCC	A	0.3%
XPO	B	0.3%
HRI	B	0.3%
COIN	B	0.3%
WAL	B	0.29%
FLS	A	0.29%
TXRH	B	0.28%
AIT	A	0.27%
VMI	B	0.26%
MHO	C	0.26%
KMPR	A	0.26%
GME	C	0.26%
CLH	B	0.26%
SAIA	C	0.25%
CRS	B	0.25%
OHI	B	0.25%
PRG	C	0.25%
WBS	B	0.25%
GHC	A	0.24%
BWXT	B	0.24%
FIX	A	0.24%
WWD	B	0.24%
SWX	B	0.24%
HEI	C	0.23%
WH	A	0.23%
MOG.A	B	0.23%
FNB	B	0.23%
CFR	B	0.23%
CBT	B	0.23%
INCY	A	0.23%
PNFP	B	0.23%
VRT	A	0.23%
CR	A	0.22%
AVNT	B	0.22%
ESI	B	0.22%
LOPE	A	0.22%
KRC	B	0.22%
TTEK	C	0.22%
DTM	A	0.22%
FRT	C	0.22%
PB	B	0.22%
BKH	C	0.22%
ASB	B	0.22%
GATX	B	0.22%
VLTO	D	0.22%
CADE	B	0.22%
SIG	B	0.22%
WTFC	B	0.22%
AWI	A	0.22%
TPC	B	0.22%
BYD	A	0.21%
GMS	B	0.21%
CRUS	F	0.21%
HWC	B	0.21%
ZM	A	0.21%
SCCO	D	0.21%
SPB	C	0.21%
UAA	C	0.21%
ENS	F	0.2%
FDS	B	0.2%
BIO	B	0.2%
EXEL	B	0.2%
ARCB	C	0.2%
TEX	C	0.2%
IDA	A	0.2%
CALM	B	0.2%
CBSH	A	0.2%
NVST	C	0.2%
KNF	B	0.2%
OZK	B	0.2%
LITE	B	0.2%
VLY	B	0.2%
AGNC	D	0.19%
ELAN	D	0.19%
KEX	C	0.19%
PNM	B	0.19%
MAT	C	0.19%
OGS	C	0.19%
FCN	F	0.19%
ADTN	B	0.19%
ASH	F	0.19%
SMG	D	0.19%
UBSI	B	0.19%
ELS	C	0.19%
CUZ	B	0.19%
Z	B	0.19%
ATGE	B	0.19%
COLB	B	0.19%
HLI	B	0.19%
AMKR	F	0.18%
COLM	C	0.18%
IMKTA	D	0.18%
CRC	B	0.18%
LFUS	C	0.18%
COLD	F	0.18%
ESAB	B	0.18%
BDC	B	0.18%
NYT	B	0.18%
DBRG	F	0.18%
DASH	A	0.18%
SR	D	0.18%
SBRA	B	0.18%
MTCH	F	0.18%
RPRX	F	0.18%
APLE	B	0.17%
CNX	B	0.17%
SSD	C	0.17%
PCH	F	0.17%
ENTG	F	0.17%
MASI	B	0.17%
NJR	C	0.17%
VNT	B	0.17%
WMK	B	0.17%
CSGP	D	0.17%
ONB	B	0.17%
URBN	D	0.17%
AMH	D	0.17%
CUBE	D	0.17%
TWLO	A	0.17%
HXL	D	0.17%
UMBF	B	0.17%
EEFT	C	0.17%
LNW	C	0.17%
APP	B	0.17%
SHOO	D	0.17%
GBCI	B	0.17%
TPL	B	0.17%
SPR	F	0.17%
SUM	B	0.17%
PATK	D	0.17%
SPOT	B	0.17%
APO	B	0.16%
WYNN	D	0.16%
GEF	B	0.16%
NOW	B	0.16%
SITE	C	0.16%
MTDR	C	0.16%
OLLI	C	0.16%
PFSI	D	0.16%
WTM	B	0.16%
LAUR	B	0.16%
NWE	D	0.16%
ALE	A	0.16%
VVV	B	0.16%
AGR	C	0.15%
MPWR	F	0.15%
SKY	C	0.15%
CDP	C	0.15%
PPC	B	0.15%
SCS	C	0.15%
VEEV	B	0.15%
CGNX	C	0.15%
GMED	B	0.15%
NNN	D	0.15%
ARES	B	0.15%
EBS	C	0.15%
CHDN	B	0.15%
SLAB	F	0.15%
CEIX	B	0.15%
RH	B	0.15%
NOMD	D	0.15%
HE	D	0.15%
SIGI	B	0.15%
ESNT	F	0.15%
COMM	D	0.15%
WMS	D	0.15%
SN	C	0.15%
BCO	D	0.15%
MOD	C	0.15%
IGT	D	0.14%
WTS	C	0.14%
AROC	B	0.14%
TROX	F	0.14%
SLGN	B	0.14%
CVLT	A	0.14%
RYI	C	0.14%
APG	B	0.14%
RYN	D	0.14%
TCBI	B	0.14%
YELP	C	0.14%
CVCO	A	0.14%
MKTX	C	0.14%
ROL	C	0.14%
TPG	B	0.14%
PLTR	A	0.14%
TNL	A	0.14%
CROX	F	0.14%
CACC	F	0.14%
ATKR	D	0.14%
KTB	A	0.14%
NEU	D	0.14%
WEN	C	0.14%
FELE	C	0.13%
IDCC	A	0.13%
RIG	D	0.13%
CNM	D	0.13%
AMED	C	0.13%
COKE	D	0.13%
WEX	F	0.13%
NMRK	B	0.13%
ABNB	D	0.13%
FTI	B	0.13%
LILAK	F	0.13%
RRC	C	0.13%
EPR	D	0.13%
LBRT	F	0.13%
RGLD	B	0.13%
ENSG	C	0.13%
DLB	C	0.13%
EXLS	A	0.13%
CNK	B	0.13%
DBX	C	0.13%
H	C	0.13%
HRB	D	0.13%
RNR	B	0.13%
TYL	B	0.13%
TDC	D	0.13%
IPGP	C	0.13%
AMR	C	0.13%
CHRD	F	0.12%
PSN	B	0.12%
DHC	F	0.12%
RLJ	D	0.12%
CHX	D	0.12%
DRH	B	0.12%
JWN	C	0.12%
VRSN	D	0.12%
CRL	D	0.12%
MWA	A	0.12%
LRN	B	0.12%
BFAM	F	0.12%
DNB	B	0.12%
JAZZ	B	0.12%
HLF	C	0.12%
PTC	B	0.12%
RLI	A	0.12%
ITGR	B	0.12%
WTRG	B	0.12%
JELD	F	0.12%
TREX	C	0.12%
MSM	C	0.12%
MMS	C	0.12%
FND	F	0.12%
ENOV	C	0.11%
SSB	B	0.11%
TNET	F	0.11%
LANC	B	0.11%
MORN	A	0.11%
IBKR	B	0.11%
TECH	B	0.11%
HGV	C	0.11%
CHE	F	0.11%
WSC	C	0.11%
STAG	D	0.11%
PRIM	A	0.11%
FSS	C	0.11%
MANH	C	0.11%
CIVI	D	0.11%
FHI	B	0.11%
MYRG	C	0.11%
BOKF	B	0.11%
COMP	B	0.11%
FSLR	F	0.11%
PLNT	B	0.11%
AXS	A	0.11%
WDAY	C	0.11%
IBOC	B	0.11%
BLD	F	0.11%
HEES	B	0.11%
FIBK	B	0.11%
LBRDK	B	0.1%
SAM	C	0.1%
ORA	B	0.1%
ICFI	B	0.1%
OTTR	D	0.1%
JACK	D	0.1%
PINS	D	0.1%
IBP	F	0.1%
CPNG	C	0.1%
BRKR	F	0.1%
HTLF	B	0.1%
AEO	F	0.1%
DDS	C	0.1%
STRL	A	0.1%
HOMB	B	0.1%
SKT	B	0.1%
AZZ	B	0.1%
KRG	B	0.1%
FN	B	0.1%
VSH	F	0.1%
PAYC	B	0.1%
BXC	B	0.1%
FR	D	0.1%
SASR	B	0.1%
ACHC	F	0.1%
WSBC	B	0.1%
SHO	B	0.1%
HL	D	0.09%
DOLE	B	0.09%
NHI	C	0.09%
OPCH	F	0.09%
ESE	B	0.09%
POWI	C	0.09%
OSIS	C	0.09%
FTDR	A	0.09%
RBC	A	0.09%
RNG	B	0.09%
ROKU	C	0.09%
ROCK	C	0.09%
MGY	A	0.09%
FFIN	B	0.09%
FRME	B	0.09%
BOOT	D	0.09%
MGRC	B	0.09%
TW	B	0.09%
ESRT	C	0.09%
PDM	B	0.09%
RHP	B	0.09%
SIRI	D	0.09%
VC	F	0.09%
MSA	D	0.09%
FIVE	F	0.09%
AM	B	0.09%
OLED	F	0.08%
BKD	F	0.08%
TTD	B	0.08%
CSWI	A	0.08%
NSP	F	0.08%
SYNA	D	0.08%
AAON	B	0.08%
PTON	A	0.08%
ATI	D	0.08%
IRDM	C	0.08%
ALIT	D	0.08%
AZEK	B	0.08%
KFRC	D	0.08%
RAMP	C	0.08%
BMRN	F	0.08%
EGP	D	0.08%
KAI	A	0.08%
CBZ	B	0.08%
OII	B	0.08%
SMCI	F	0.08%
DXCM	D	0.08%
CHH	B	0.08%
HAE	B	0.08%
RRR	F	0.08%
TOWN	C	0.08%
CCOI	B	0.08%
GWRE	B	0.07%
PLAY	C	0.07%
CNA	D	0.07%
CUBI	C	0.07%
IRT	B	0.07%
PR	C	0.07%
ERIE	D	0.07%
BMI	C	0.07%
HHH	B	0.07%
ADC	B	0.07%
EXPI	C	0.07%
CDE	C	0.07%
EBC	B	0.07%
HQY	A	0.07%
OPEN	F	0.07%
HWKN	C	0.07%
PTVE	D	0.07%
CARG	B	0.07%
NNI	C	0.07%
YETI	F	0.07%
SXI	B	0.07%
HALO	C	0.07%
QLYS	C	0.07%
EXPO	D	0.07%
CASH	B	0.07%
GOLF	B	0.07%
REXR	F	0.07%
ONTO	F	0.07%
TRIP	D	0.07%
LADR	C	0.07%
ALG	C	0.07%
KOS	F	0.07%
JJSF	B	0.07%
REVG	B	0.07%
CXT	D	0.07%
ROAD	A	0.07%
MTRN	C	0.07%
CWST	C	0.06%
PSTG	C	0.06%
GTLS	B	0.06%
NTGR	A	0.06%
LYFT	C	0.06%
PRGS	B	0.06%
KTOS	B	0.06%
CNMD	C	0.06%
BLKB	C	0.06%
OEC	F	0.06%
REYN	F	0.06%
FBP	C	0.06%
SEB	F	0.06%
ECVT	C	0.06%
GES	F	0.06%
WDFC	B	0.06%
AGX	B	0.06%
BNL	D	0.06%
EAF	C	0.06%
MELI	D	0.06%
OXM	F	0.06%
CWH	C	0.06%
GCI	B	0.06%
DFIN	F	0.06%
BUSE	C	0.06%
TDOC	D	0.06%
BV	A	0.06%
ATSG	B	0.06%
BSY	F	0.06%
LGF.A	D	0.06%
EFSC	B	0.06%
PGRE	B	0.06%
FORM	F	0.06%
TNC	F	0.06%
TRS	B	0.06%
HURN	B	0.06%
MEDP	D	0.06%
NSA	D	0.06%
AMRK	F	0.06%
GFS	C	0.06%
HLX	D	0.06%
NBIX	C	0.06%
UIS	B	0.05%
LIVN	C	0.05%
AAL	C	0.05%
GRBK	D	0.05%
NEOG	C	0.05%
TRNO	D	0.05%
TOST	B	0.05%
ACCO	B	0.05%
AY	B	0.05%
BRBR	A	0.05%
CODI	B	0.05%
CNDT	C	0.05%
GTN	F	0.05%
AZTA	F	0.05%
CNXC	F	0.05%
AMCX	D	0.05%
NTB	B	0.05%
VRRM	F	0.05%
CMCO	C	0.05%
CCO	C	0.05%
NOVT	B	0.05%
MRC	B	0.05%
COTY	F	0.05%
SNBR	C	0.05%
ESGR	B	0.05%
SENEA	B	0.04%
ASTH	D	0.04%
GCO	C	0.04%
OFG	C	0.04%
SFL	F	0.04%
DHT	F	0.04%
ACLS	F	0.04%
ZUMZ	D	0.04%
SWBI	C	0.04%
CPS	C	0.04%
PARR	F	0.04%
SGRY	D	0.04%
INSW	F	0.04%
WING	F	0.04%
PEN	C	0.04%
IVT	A	0.04%
CMPR	F	0.04%
RGEN	F	0.04%
CSTM	F	0.04%
WFRD	F	0.04%
BZH	C	0.04%
TSE	F	0.04%
GLNG	B	0.04%
EXAS	F	0.04%
AGRO	C	0.04%
VCTR	B	0.04%
RES	F	0.04%
NOG	B	0.04%
ENPH	F	0.04%
MATX	B	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%
HMST	F	0.03%
WOOF	D	0.03%
STNE	F	0.03%
EVTC	C	0.03%
RWT	D	0.03%
TBI	D	0.03%
UVE	C	0.03%
CLW	F	0.03%
CNNE	B	0.03%
XP	F	0.03%
PEGA	A	0.03%
IHRT	C	0.03%
WRLD	C	0.03%
CRAI	B	0.03%
TKO	D	0.03%
SBLK	F	0.03%
PAGS	F	0.03%
AGM	B	0.03%
ZIMV	F	0.03%
CVGW	B	0.03%
PRVA	C	0.03%
NUS	F	0.03%
ILPT	F	0.03%
VRNT	F	0.03%
GLDD	B	0.03%
DT	C	0.03%
AMC	F	0.03%
STNG	F	0.03%
SNOW	C	0.03%
RMBS	C	0.03%
CBL	B	0.03%
RDNT	A	0.03%
LEVI	F	0.03%
VAL	F	0.03%
WTTR	B	0.03%
LYV	B	0.03%
CARS	C	0.03%
TRTX	B	0.03%
CMTG	D	0.03%
SPSC	F	0.03%
VSEC	B	0.03%
USM	B	0.03%
RKT	D	0.03%
ALRM	C	0.03%
LPG	F	0.03%
IPAR	C	0.03%
GLOB	B	0.03%
AMBC	C	0.02%
FLWS	C	0.02%
ARKO	D	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	A	0.02%
CCSI	B	0.02%
GNK	D	0.02%
CMP	D	0.02%
TEN	F	0.02%
BRY	F	0.02%
AGL	F	0.02%
EDR	C	0.02%
SRCE	B	0.02%
CSV	B	0.02%
EBF	D	0.02%
WOW	B	0.02%
HVT	F	0.02%
MTW	C	0.02%
WMG	B	0.02%
WASH	B	0.02%
AVO	B	0.02%
DCO	C	0.02%
CNOB	B	0.02%
EVRI	A	0.02%
MERC	C	0.02%
CLOV	D	0.02%
TCBK	B	0.02%
SHYF	C	0.02%
PFC	B	0.02%
XPRO	F	0.02%
ZEUS	D	0.02%
ALTO	F	0.02%
SHEN	F	0.02%
OKTA	D	0.02%
KNSL	D	0.02%
DAC	D	0.02%
CMRE	C	0.02%
BBSI	A	0.02%
OCFC	B	0.02%
SFIX	C	0.02%
RILY	F	0.01%
HLNE	B	0.01%
AVD	D	0.01%
MBUU	C	0.01%
PKST	C	0.01%
GPRO	D	0.01%
KE	C	0.01%
GSL	D	0.01%
PETS	C	0.01%
MODV	F	0.01%
BMBL	D	0.01%
NU	B	0.01%
PRM	B	0.01%
CRMT	F	0.01%
SRI	F	0.01%
ATNI	F	0.01%
SSP	D	0.01%
GPMT	C	0.01%
JRVR	D	0.01%
SSYS	C	0.01%
MED	D	0.01%
MOV	D	0.01%
CCRN	F	0.01%
IRBT	F	0.01%
OPI	F	0.01%
DIN	C	0.01%
TPIC	F	0.01%
VREX	C	0.01%
DENN	C	0.01%
OIS	C	0.01%
RGP	F	0.01%
TITN	D	0.01%
CLDT	C	0.01%
PLCE	C	0.01%
PLOW	D	0.01%
MEI	F	0.01%
CHGG	F	0.0%
GIC	F	0.0%
SEG	D	0.0%
ALGM	F	0.0%
HY	F	0.0%
EVH	F	0.0%
CRNC	D	0.0%
WTI	D	0.0%
GSM	F	0.0%
AMPH	D	0.0%
THR	F	0.0%
DNUT	D	0.0%
INMD	C	0.0%
SPWH	F	0.0%
MSBI	B	0.0%
CMTL	F	0.0%
ONEW	C	0.0%
TTEC	F	0.0%
PEBO	B	0.0%
REX	C	0.0%
LXU	C	0.0%
HOV	D	0.0%
TBBK	C	0.0%
CRVL	B	0.0%
AMRC	F	0.0%
NIC	B	0.0%
PFBC	B	0.0%
NR	D	0.0%

FNDA Underweight 106 Positions Relative to SLYV

Symbol	Grade	Weight
LUMN	B	-1.27%
CMA	B	-1.23%
JXN	B	-1.13%
RHI	B	-1.05%
VFC	B	-0.97%
BBWI	D	-0.96%
LNC	B	-0.81%
SANM	B	-0.62%
HIMS	B	-0.61%
OGN	F	-0.56%
DXC	C	-0.55%
AL	B	-0.53%
ASO	F	-0.51%
NWL	B	-0.51%
ABM	B	-0.49%
MDU	F	-0.48%
REZI	A	-0.43%
TGNA	B	-0.43%
SEE	C	-0.42%
BFH	B	-0.41%
PENN	C	-0.41%
GNW	C	-0.41%
HUBG	B	-0.4%
HBI	B	-0.4%
MPW	D	-0.37%
ABG	B	-0.36%
WERN	B	-0.34%
AAP	F	-0.32%
BANC	B	-0.3%
RUSHA	B	-0.29%
NATL	C	-0.28%
KSS	F	-0.28%
FL	F	-0.28%
OI	D	-0.27%
BTU	B	-0.27%
BOX	B	-0.26%
ADNT	F	-0.24%
SITM	B	-0.24%
WKC	D	-0.23%
NSIT	F	-0.23%
KRYS	C	-0.22%
PAYO	A	-0.22%
FTRE	D	-0.22%
LEG	F	-0.22%
TPH	D	-0.21%
TDS	B	-0.21%
PI	C	-0.2%
INSP	D	-0.2%
QNST	C	-0.17%
UNFI	B	-0.17%
DCOM	B	-0.16%
DGII	B	-0.16%
TNDM	F	-0.16%
TGI	B	-0.16%
NAVI	F	-0.16%
DOCN	D	-0.15%
NARI	C	-0.15%
DAN	F	-0.15%
CENX	B	-0.15%
BL	C	-0.14%
XRX	F	-0.14%
ARCH	B	-0.13%
ODP	F	-0.13%
NXRT	C	-0.13%
EXTR	B	-0.12%
CXM	D	-0.12%
CTKB	C	-0.11%
PTGX	C	-0.11%
YOU	D	-0.11%
TRUP	C	-0.11%
XNCR	B	-0.1%
HRMY	D	-0.1%
VICR	B	-0.09%
HLIT	F	-0.09%
MLAB	D	-0.09%
MSEX	B	-0.09%
SPTN	F	-0.09%
TRST	B	-0.09%
ATEN	B	-0.08%
STAA	F	-0.08%
EZPW	B	-0.08%
PAHC	B	-0.07%
WS	A	-0.07%
CERT	D	-0.07%
AORT	B	-0.07%
RCUS	C	-0.07%
MCW	B	-0.06%
SWI	B	-0.06%
AHH	D	-0.06%
SDGR	D	-0.06%
SNCY	C	-0.05%
INN	D	-0.05%
HSTM	A	-0.05%
BLFS	B	-0.05%
HTZ	D	-0.05%
CEVA	B	-0.05%
UHT	D	-0.04%
RGNX	D	-0.04%
CRSR	F	-0.04%
NABL	F	-0.04%
TTGT	C	-0.04%
WSR	B	-0.04%
TR	C	-0.03%
SLP	F	-0.03%
GOGO	C	-0.03%
BFS	B	-0.03%