FNDA vs. SMMV ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$32.42

Average Daily Volume

502,113

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$44.25

Average Daily Volume

37,202

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	SMMV
30 Days	10.12%	8.35%
60 Days	9.71%	9.15%
90 Days	10.92%	10.32%
12 Months	32.23%	29.91%

153 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in SMMV	Overlap
ACHC	F	0.1%	0.06%	0.06%
ADC	B	0.07%	1.45%	0.07%
ADUS	D	0.05%	0.37%	0.05%
AGX	B	0.06%	0.33%	0.06%
ALE	A	0.17%	0.26%	0.17%
ALKS	B	0.02%	0.71%	0.02%
ALRM	C	0.04%	0.1%	0.04%
AM	B	0.1%	0.36%	0.1%
AMED	F	0.12%	0.56%	0.12%
AMSF	B	0.01%	0.21%	0.01%
ASH	F	0.17%	0.23%	0.17%
ATGE	B	0.19%	0.14%	0.14%
AVA	B	0.16%	0.2%	0.16%
AWR	B	0.06%	0.19%	0.06%
AXS	A	0.12%	1.32%	0.12%
BBSI	A	0.03%	0.08%	0.03%
BHE	B	0.21%	0.32%	0.21%
BLKB	B	0.06%	0.14%	0.06%
BRC	C	0.06%	0.63%	0.06%
BWXT	B	0.26%	0.78%	0.26%
CALM	B	0.21%	0.72%	0.21%
CCOI	B	0.08%	0.66%	0.08%
CCRN	F	0.01%	0.06%	0.01%
CEIX	A	0.15%	0.08%	0.08%
CHCO	B	0.05%	0.11%	0.05%
CHE	D	0.11%	1.32%	0.11%
CHH	A	0.09%	0.19%	0.09%
CLW	D	0.02%	0.06%	0.02%
CNSL	C	0.04%	0.07%	0.04%
CNX	B	0.18%	0.17%	0.17%
CNXN	C	0.09%	0.16%	0.09%
COKE	C	0.14%	0.06%	0.06%
CORT	B	0.1%	0.3%	0.1%
CPK	A	0.07%	0.07%	0.07%
CRAI	B	0.03%	0.25%	0.03%
CRVL	B	0.0%	0.09%	0.0%
CSWI	A	0.08%	0.45%	0.08%
CTRE	D	0.03%	0.65%	0.03%
CVLT	B	0.14%	1.12%	0.14%
CWST	B	0.06%	0.35%	0.06%
CWT	D	0.08%	0.16%	0.08%
CXW	C	0.29%	0.16%	0.16%
DBX	C	0.13%	0.28%	0.13%
DHIL	B	0.02%	0.1%	0.02%
DLB	B	0.15%	0.81%	0.15%
DORM	B	0.13%	0.08%	0.08%
DTM	B	0.24%	1.14%	0.24%
EBF	F	0.02%	0.1%	0.02%
EDR	A	0.02%	0.19%	0.02%
EIG	B	0.09%	0.26%	0.09%
ENSG	D	0.14%	1.06%	0.14%
EPAC	B	0.06%	0.09%	0.06%
ESGR	B	0.05%	0.46%	0.05%
EXEL	A	0.2%	1.73%	0.2%
FCN	D	0.19%	0.61%	0.19%
GEO	B	0.44%	0.09%	0.09%
GHC	B	0.23%	0.58%	0.23%
GNK	D	0.02%	0.04%	0.02%
GO	C	0.08%	0.3%	0.08%
GWRE	B	0.07%	0.09%	0.07%
HALO	F	0.05%	0.12%	0.05%
HCC	B	0.29%	0.16%	0.16%
HLI	A	0.2%	0.38%	0.2%
HMN	B	0.07%	0.33%	0.07%
HQY	B	0.07%	1.23%	0.07%
HRB	D	0.12%	0.47%	0.12%
HURN	B	0.06%	0.42%	0.06%
HWKN	A	0.07%	0.28%	0.07%
IBKR	B	0.12%	0.54%	0.12%
ICFI	F	0.08%	0.15%	0.08%
IDA	B	0.22%	1.12%	0.22%
IDCC	A	0.13%	0.31%	0.13%
IMKTA	C	0.18%	0.19%	0.18%
INSW	F	0.04%	0.31%	0.04%
INVA	D	0.04%	0.21%	0.04%
IRWD	F	0.01%	0.09%	0.01%
JAZZ	B	0.13%	0.42%	0.13%
JBSS	F	0.04%	0.14%	0.04%
JJSF	C	0.07%	0.47%	0.07%
KELYA	F	0.06%	0.08%	0.06%
LANC	C	0.1%	0.32%	0.1%
LAUR	B	0.17%	0.47%	0.17%
LOPE	B	0.22%	0.69%	0.22%
LRN	B	0.13%	0.7%	0.13%
LTC	B	0.04%	0.11%	0.04%
MATX	C	0.04%	0.08%	0.04%
MCY	B	0.14%	0.38%	0.14%
MGEE	C	0.1%	0.46%	0.1%
MGRC	B	0.09%	0.33%	0.09%
MMS	F	0.11%	0.23%	0.11%
MSA	C	0.09%	0.44%	0.09%
MSM	C	0.12%	0.57%	0.12%
NEU	C	0.14%	0.75%	0.14%
NHC	B	0.09%	0.33%	0.09%
NJR	A	0.18%	0.24%	0.18%
NPK	B	0.02%	0.08%	0.02%
NTCT	B	0.1%	0.18%	0.1%
NTGR	B	0.06%	0.08%	0.06%
NWE	A	0.17%	0.64%	0.17%
NYT	C	0.17%	0.4%	0.17%
OGS	A	0.2%	0.14%	0.14%
OHI	D	0.26%	0.6%	0.26%
OLLI	C	0.15%	0.24%	0.15%
OPCH	F	0.08%	0.19%	0.08%
OSIS	A	0.1%	0.07%	0.07%
PBH	B	0.11%	0.77%	0.11%
PDCO	D	0.16%	0.3%	0.16%
PINC	B	0.2%	0.51%	0.2%
PJT	B	0.06%	0.2%	0.06%
PLXS	B	0.25%	0.11%	0.11%
PPC	C	0.15%	0.24%	0.15%
PRDO	B	0.09%	0.35%	0.09%
PRGS	A	0.06%	0.51%	0.06%
PSN	D	0.1%	0.87%	0.1%
RAMP	C	0.09%	0.06%	0.06%
REX	F	0.0%	0.13%	0.0%
REYN	D	0.06%	0.33%	0.06%
RGLD	D	0.14%	1.39%	0.14%
RGR	F	0.03%	0.13%	0.03%
RLI	A	0.13%	1.25%	0.13%
RNR	C	0.13%	0.93%	0.13%
ROG	D	0.07%	0.03%	0.03%
SAFT	B	0.08%	0.24%	0.08%
SCHL	D	0.06%	0.05%	0.05%
SEB	F	0.06%	0.05%	0.05%
SENEA	B	0.04%	0.07%	0.04%
SHEN	F	0.02%	0.11%	0.02%
SIGI	B	0.15%	1.14%	0.15%
SLGN	A	0.14%	0.14%	0.14%
SMP	C	0.03%	0.12%	0.03%
SMPL	B	0.06%	0.31%	0.06%
SNDR	B	0.14%	0.32%	0.14%
SR	A	0.19%	0.07%	0.07%
STRA	C	0.09%	0.08%	0.08%
SWBI	C	0.04%	0.04%	0.04%
SWX	B	0.26%	0.18%	0.18%
THS	F	0.13%	0.07%	0.07%
TKO	B	0.03%	0.66%	0.03%
TXRH	A	0.28%	0.62%	0.28%
UFCS	B	0.02%	0.1%	0.02%
UNF	B	0.17%	0.33%	0.17%
USM	B	0.03%	0.11%	0.03%
USPH	C	0.01%	0.05%	0.01%
UVE	B	0.03%	0.12%	0.03%
VIRT	B	0.23%	0.5%	0.23%
VREX	C	0.01%	0.11%	0.01%
VRRM	F	0.05%	0.32%	0.05%
VVV	F	0.15%	0.27%	0.15%
WABC	B	0.02%	0.22%	0.02%
WEN	D	0.13%	0.6%	0.13%
WMK	B	0.17%	0.16%	0.16%
WTM	A	0.17%	0.93%	0.17%
YELP	C	0.14%	0.25%	0.14%

FNDA Overweight 843 Positions Relative to SMMV

Symbol	Grade	Weight
RCL	B	0.46%
UAL	B	0.44%
SATS	D	0.41%
COIN	B	0.39%
FICO	B	0.36%
APP	B	0.34%
ANF	C	0.33%
GME	C	0.33%
SF	B	0.31%
XPO	B	0.3%
FLS	A	0.3%
UTHR	C	0.3%
VSCO	B	0.29%
BKU	B	0.29%
MAC	A	0.28%
KMPR	B	0.28%
FIX	A	0.27%
AIT	B	0.27%
VRT	B	0.27%
WAL	B	0.27%
HRI	B	0.27%
SLVM	B	0.26%
WBS	B	0.26%
CLH	B	0.26%
CRS	B	0.26%
Z	B	0.26%
WWD	B	0.25%
MHO	C	0.25%
VMI	A	0.25%
GVA	B	0.25%
PNFP	B	0.24%
SKYW	B	0.24%
SAIA	C	0.24%
RDN	C	0.24%
LITE	B	0.24%
PRG	B	0.24%
HEI	B	0.24%
FRT	A	0.23%
CR	B	0.23%
SIG	B	0.23%
UAA	C	0.23%
WTFC	B	0.23%
PB	B	0.23%
GATX	A	0.23%
FNB	B	0.23%
WH	A	0.23%
FDP	C	0.23%
AWI	B	0.23%
SEM	B	0.23%
DY	D	0.23%
VLTO	C	0.23%
BKH	B	0.23%
CBT	C	0.22%
CWK	B	0.22%
AVNT	B	0.22%
SPB	C	0.22%
TPC	C	0.22%
TTMI	B	0.22%
CADE	B	0.22%
COOP	B	0.22%
MOG.A	B	0.22%
CFR	B	0.22%
DEI	A	0.22%
SCCO	F	0.21%
INCY	C	0.21%
CBSH	B	0.21%
GMS	B	0.21%
KFY	B	0.21%
BYD	B	0.21%
RXO	C	0.21%
ESI	B	0.21%
UNIT	B	0.21%
ZM	B	0.21%
ASB	B	0.21%
KRC	C	0.21%
SPOT	B	0.21%
AGNC	D	0.2%
KEX	B	0.2%
FHB	B	0.2%
SMG	C	0.2%
ACA	B	0.2%
TRN	B	0.2%
FDS	B	0.2%
ELAN	F	0.2%
GBX	A	0.2%
HWC	B	0.2%
OZK	B	0.2%
ELS	C	0.2%
KNF	B	0.2%
VLY	B	0.2%
EAT	A	0.2%
CRUS	F	0.2%
PNM	F	0.2%
HIW	D	0.2%
ENS	D	0.19%
CRC	C	0.19%
STC	A	0.19%
CCS	D	0.19%
COLB	B	0.19%
DASH	A	0.19%
SBH	B	0.19%
MAT	D	0.19%
ENVA	B	0.19%
TWLO	B	0.19%
LCII	C	0.19%
UBSI	B	0.19%
HP	C	0.19%
ADTN	B	0.19%
NVST	C	0.19%
TTEK	F	0.19%
TPL	B	0.19%
CUZ	B	0.19%
MC	B	0.19%
URBN	C	0.18%
CSGP	C	0.18%
EEFT	B	0.18%
PIPR	A	0.18%
ARCB	C	0.18%
AMH	C	0.18%
HNI	B	0.18%
PATK	C	0.18%
CUBE	D	0.18%
TEX	D	0.18%
KMT	B	0.18%
SPR	D	0.18%
ACIW	B	0.18%
SBRA	B	0.18%
RPRX	D	0.18%
APLE	B	0.17%
GTES	A	0.17%
SHOO	D	0.17%
NOW	B	0.17%
UMBF	B	0.17%
LFUS	D	0.17%
AMKR	F	0.17%
ESAB	B	0.17%
CATY	B	0.17%
GEF	B	0.17%
PCH	C	0.17%
PFSI	C	0.17%
MASI	A	0.17%
PSMT	C	0.17%
SUM	B	0.17%
FUL	D	0.17%
MOD	B	0.17%
DBRG	F	0.17%
GIII	C	0.17%
MTDR	C	0.17%
GBCI	B	0.17%
WYNN	D	0.17%
COLM	A	0.17%
PHIN	B	0.17%
BIO	D	0.17%
ESNT	D	0.16%
SLG	B	0.16%
ZD	C	0.16%
SKY	B	0.16%
JBLU	F	0.16%
UVV	B	0.16%
APO	A	0.16%
VNT	C	0.16%
SFNC	B	0.16%
VSTS	C	0.16%
ENTG	D	0.16%
WGO	C	0.16%
VYX	C	0.16%
LNW	D	0.16%
ONB	B	0.16%
OUT	A	0.16%
NNN	D	0.16%
RH	B	0.16%
AGO	A	0.16%
HXL	D	0.16%
SN	D	0.16%
SSD	C	0.16%
PLTR	B	0.16%
COLD	F	0.16%
B	A	0.16%
BDC	B	0.16%
FWRD	D	0.15%
TPG	B	0.15%
VEEV	B	0.15%
CHDN	B	0.15%
LGIH	C	0.15%
CVCO	B	0.15%
TNL	A	0.15%
ROL	B	0.15%
AROC	B	0.15%
DNOW	B	0.15%
MTX	B	0.15%
APAM	B	0.15%
KTB	A	0.15%
EBS	C	0.15%
MTCH	F	0.15%
AGR	B	0.15%
SCS	B	0.15%
WD	C	0.15%
SITE	C	0.15%
LZB	B	0.15%
PTEN	C	0.15%
ARES	B	0.15%
WAFD	B	0.15%
HE	C	0.15%
GMED	A	0.15%
NOMD	D	0.15%
OMI	F	0.14%
WTS	B	0.14%
FTI	A	0.14%
MLKN	D	0.14%
TYL	A	0.14%
BOH	B	0.14%
SLAB	D	0.14%
H	A	0.14%
RYN	C	0.14%
VSTO	A	0.14%
FULT	B	0.14%
SAH	B	0.14%
APG	B	0.14%
AMR	C	0.14%
KAR	B	0.14%
MKTX	D	0.14%
CGNX	C	0.14%
TDC	D	0.14%
CBRL	C	0.14%
TCBI	B	0.14%
CDP	C	0.14%
CROX	F	0.14%
SXT	B	0.14%
RRC	B	0.14%
BCO	D	0.14%
BXMT	C	0.14%
CACC	D	0.14%
CNK	B	0.14%
SCL	C	0.13%
WWW	B	0.13%
DNB	B	0.13%
ABNB	C	0.13%
MWA	B	0.13%
WEX	F	0.13%
HELE	C	0.13%
FND	C	0.13%
TROX	F	0.13%
UPBD	B	0.13%
ABCB	B	0.13%
CABO	C	0.13%
ITRI	B	0.13%
NMRK	B	0.13%
EPR	D	0.13%
ICUI	D	0.13%
AMWD	B	0.13%
EXLS	A	0.13%
RYI	C	0.13%
PLNT	B	0.13%
SMTC	A	0.13%
APOG	B	0.13%
ETSY	D	0.12%
DRH	B	0.12%
CHX	C	0.12%
ECPG	B	0.12%
CHRD	F	0.12%
RIG	D	0.12%
VRSN	F	0.12%
PTC	A	0.12%
PRIM	A	0.12%
NGVT	B	0.12%
JELD	F	0.12%
IPGP	D	0.12%
ANDE	D	0.12%
IAC	D	0.12%
ATKR	C	0.12%
JWN	A	0.12%
WDAY	C	0.12%
TREX	C	0.12%
WTRG	B	0.12%
JBT	B	0.12%
ITGR	A	0.12%
BANR	B	0.12%
RLJ	C	0.12%
FELE	B	0.12%
BGC	C	0.12%
JBGS	D	0.12%
IGT	F	0.12%
IOSP	B	0.12%
HLF	C	0.12%
LBRT	F	0.12%
CNM	D	0.12%
WMS	F	0.12%
AIR	B	0.12%
EPC	D	0.11%
KRG	B	0.11%
MPWR	F	0.11%
VIAV	B	0.11%
FR	C	0.11%
XHR	A	0.11%
CRL	C	0.11%
KALU	C	0.11%
STAG	D	0.11%
AX	B	0.11%
AEIS	B	0.11%
MORN	A	0.11%
TRMK	B	0.11%
AZZ	B	0.11%
PPBI	B	0.11%
DDS	B	0.11%
HTH	B	0.11%
PLUS	F	0.11%
CIVI	D	0.11%
MANH	C	0.11%
FSLR	F	0.11%
BOKF	B	0.11%
BLD	C	0.11%
ENR	A	0.11%
HEES	B	0.11%
MYRG	C	0.11%
CBU	B	0.11%
IBOC	B	0.11%
DIOD	D	0.11%
SKT	A	0.11%
TNET	D	0.11%
STRL	B	0.11%
PECO	B	0.11%
HGV	B	0.11%
FHI	A	0.11%
FFBC	B	0.11%
CVBF	B	0.11%
FIBK	B	0.11%
FSS	B	0.11%
HOPE	B	0.11%
COMP	A	0.11%
BFAM	F	0.11%
BCPC	B	0.1%
SMCI	D	0.1%
BOOT	D	0.1%
NPO	A	0.1%
WSFS	B	0.1%
HTLF	B	0.1%
FN	D	0.1%
TW	B	0.1%
WSC	D	0.1%
COMM	D	0.1%
BKE	B	0.1%
SHO	C	0.1%
PFS	B	0.1%
UE	B	0.1%
DHC	F	0.1%
UCB	B	0.1%
SAM	C	0.1%
GFF	B	0.1%
TECH	C	0.1%
PAYC	A	0.1%
CPNG	D	0.1%
SASR	B	0.1%
HI	C	0.1%
HOMB	B	0.1%
SSB	B	0.1%
WSBC	B	0.1%
BXC	B	0.1%
ENOV	C	0.1%
PDM	D	0.09%
NWN	A	0.09%
ROCK	C	0.09%
CSGS	B	0.09%
AAON	B	0.09%
ROKU	D	0.09%
AZEK	B	0.09%
SVC	F	0.09%
PINS	F	0.09%
ALEX	B	0.09%
NHI	D	0.09%
VSH	F	0.09%
VC	D	0.09%
FFIN	B	0.09%
FTDR	B	0.09%
CENTA	C	0.09%
IBTX	B	0.09%
LILAK	F	0.09%
HPP	F	0.09%
SIRI	C	0.09%
FRME	B	0.09%
CWEN	C	0.09%
JACK	D	0.09%
SCSC	B	0.09%
ESE	B	0.09%
INDB	B	0.09%
ESRT	C	0.09%
RHP	B	0.09%
DXCM	C	0.09%
OTTR	C	0.09%
RBC	B	0.09%
BRKR	F	0.09%
AIN	C	0.09%
IBP	C	0.09%
MGY	B	0.09%
MMSI	B	0.09%
HAE	B	0.09%
ABR	C	0.09%
FIVE	D	0.09%
AEO	F	0.09%
ORA	B	0.09%
PBI	B	0.09%
REVG	B	0.08%
AMN	F	0.08%
RRR	F	0.08%
WNC	C	0.08%
CARG	C	0.08%
CXT	B	0.08%
KFRC	C	0.08%
MD	C	0.08%
ROIC	A	0.08%
ALGT	B	0.08%
CDE	D	0.08%
ROAD	B	0.08%
CRK	B	0.08%
KOS	F	0.08%
WOR	D	0.08%
TTD	B	0.08%
BMRN	F	0.08%
GOLF	B	0.08%
UCTT	D	0.08%
DOLE	D	0.08%
ARI	C	0.08%
KLG	C	0.08%
SYNA	C	0.08%
HL	F	0.08%
OII	B	0.08%
KW	C	0.08%
ATI	D	0.08%
EGP	D	0.08%
NWBI	B	0.08%
LXP	D	0.08%
TALO	C	0.08%
PMT	D	0.08%
PRK	B	0.08%
POWI	D	0.08%
TOWN	B	0.08%
CBZ	B	0.08%
ALIT	C	0.08%
PTON	B	0.08%
LBRDK	C	0.08%
AKR	A	0.08%
KAI	B	0.08%
RNG	B	0.08%
NBIX	C	0.07%
CUBI	C	0.07%
HHH	B	0.07%
MRTN	C	0.07%
BMI	B	0.07%
QLYS	C	0.07%
ONTO	F	0.07%
KOP	C	0.07%
LYFT	C	0.07%
AAT	B	0.07%
ERIE	D	0.07%
AUB	B	0.07%
CNA	B	0.07%
NSA	C	0.07%
FCF	B	0.07%
EBC	B	0.07%
OMCL	C	0.07%
IART	C	0.07%
MRCY	B	0.07%
NMIH	C	0.07%
OLED	F	0.07%
BSIG	B	0.07%
SXI	A	0.07%
NSP	F	0.07%
NX	C	0.07%
THRM	D	0.07%
PLAB	C	0.07%
CASH	B	0.07%
ZWS	A	0.07%
CAKE	B	0.07%
HLX	C	0.07%
EYE	C	0.07%
IRT	B	0.07%
PR	C	0.07%
REXR	F	0.07%
NBTB	B	0.07%
MTRN	C	0.07%
GNL	D	0.07%
PEB	D	0.07%
YETI	C	0.07%
ALG	C	0.07%
KN	B	0.07%
DLX	B	0.07%
BDN	C	0.07%
TILE	A	0.07%
IRDM	C	0.07%
LADR	B	0.07%
PTVE	C	0.07%
CNS	B	0.07%
FBP	B	0.06%
AMCX	D	0.06%
GPRE	F	0.06%
MELI	C	0.06%
GES	F	0.06%
TRIP	F	0.06%
CVI	F	0.06%
CAL	D	0.06%
ENV	B	0.06%
MMI	B	0.06%
GTLS	B	0.06%
ECVT	C	0.06%
BNL	D	0.06%
OXM	D	0.06%
SONO	C	0.06%
GCI	C	0.06%
WHD	A	0.06%
PGRE	D	0.06%
GFS	C	0.06%
BSY	D	0.06%
MEDP	F	0.06%
TNC	D	0.06%
CWH	C	0.06%
TDOC	C	0.06%
ELME	D	0.06%
NNI	D	0.06%
KTOS	B	0.06%
BUSE	B	0.06%
KWR	D	0.06%
WDFC	B	0.06%
EFSC	B	0.06%
FORM	F	0.06%
TOST	B	0.06%
DFIN	D	0.06%
VBTX	A	0.06%
EXPI	C	0.06%
TRS	B	0.06%
OEC	C	0.06%
BKD	F	0.06%
EAF	C	0.06%
ATSG	B	0.06%
STBA	B	0.06%
LGF.A	C	0.06%
OPEN	C	0.06%
BLMN	F	0.06%
EXPO	D	0.06%
SABR	C	0.06%
CRGY	B	0.05%
COHU	C	0.05%
VRTS	B	0.05%
HAIN	C	0.05%
AZTA	D	0.05%
TRNO	D	0.05%
SJW	D	0.05%
FCPT	C	0.05%
W	D	0.05%
NTB	B	0.05%
NOVT	D	0.05%
HTLD	C	0.05%
AY	B	0.05%
HAYW	B	0.05%
AAL	B	0.05%
CODI	B	0.05%
ICHR	C	0.05%
DEA	D	0.05%
FOXF	F	0.05%
FBNC	B	0.05%
CCO	C	0.05%
VRE	C	0.05%
KLIC	B	0.05%
ALK	A	0.05%
MRC	B	0.05%
CMCO	C	0.05%
SXC	B	0.05%
EPRT	B	0.05%
PODD	B	0.05%
PSTG	D	0.05%
BRBR	B	0.05%
COTY	F	0.05%
MODG	F	0.05%
EMBC	C	0.05%
SUPN	C	0.05%
AMRK	F	0.05%
BV	B	0.05%
CTS	B	0.05%
CNMD	C	0.05%
AXL	C	0.05%
PLAY	D	0.05%
HCSG	B	0.05%
CHEF	B	0.05%
GLOB	B	0.04%
IPAR	B	0.04%
NVEE	F	0.04%
ASIX	A	0.04%
PRA	B	0.04%
LYV	A	0.04%
GCO	B	0.04%
CARS	B	0.04%
ZUMZ	C	0.04%
ENPH	F	0.04%
PRAA	C	0.04%
WFRD	F	0.04%
FBRT	C	0.04%
PUMP	C	0.04%
IHRT	C	0.04%
RDNT	C	0.04%
DHT	F	0.04%
SFL	F	0.04%
RGEN	D	0.04%
SFBS	B	0.04%
CMPR	C	0.04%
GLNG	B	0.04%
CSTM	F	0.04%
RES	D	0.04%
DXPE	A	0.04%
IVT	B	0.04%
PARR	D	0.04%
AGRO	D	0.04%
SNAP	C	0.04%
PEN	C	0.04%
EXAS	F	0.04%
RDUS	C	0.04%
HLIO	B	0.04%
BZH	B	0.04%
ZI	C	0.04%
HZO	C	0.04%
WING	F	0.04%
CNDT	D	0.04%
NBR	C	0.04%
VTLE	C	0.04%
LKFN	B	0.04%
LNN	B	0.04%
SNBR	D	0.04%
UIS	B	0.04%
LSCC	D	0.04%
VCTR	B	0.04%
VSAT	F	0.04%
NOG	A	0.04%
ACCO	B	0.04%
NEOG	C	0.04%
GRBK	D	0.04%
LIVN	F	0.04%
RNST	B	0.04%
CNXC	F	0.04%
DAC	D	0.03%
SFIX	B	0.03%
KNSL	B	0.03%
PAGS	F	0.03%
WRLD	C	0.03%
USNA	C	0.03%
MYGN	F	0.03%
ZIMV	F	0.03%
HMST	F	0.03%
HSII	B	0.03%
THRY	F	0.03%
RWT	D	0.03%
CVGW	C	0.03%
AGM	B	0.03%
CNNE	B	0.03%
SBCF	B	0.03%
SBLK	F	0.03%
EVTC	C	0.03%
GDEN	C	0.03%
DT	C	0.03%
PEGA	A	0.03%
PRVA	B	0.03%
CPF	B	0.03%
MXL	C	0.03%
TSE	D	0.03%
PRLB	B	0.03%
ILPT	F	0.03%
MP	A	0.03%
RMBS	C	0.03%
SSTK	F	0.03%
VAL	F	0.03%
SCVL	F	0.03%
SGRY	F	0.03%
CMTG	D	0.03%
LEVI	F	0.03%
VRNT	C	0.03%
AMC	C	0.03%
GLDD	B	0.03%
ACLS	F	0.03%
RKT	F	0.03%
MNRO	C	0.03%
CFFN	B	0.03%
STNG	F	0.03%
RC	D	0.03%
LPG	F	0.03%
TRTX	B	0.03%
ASTE	C	0.03%
CBL	A	0.03%
PZZA	F	0.03%
MATV	F	0.03%
WTTR	B	0.03%
STEP	B	0.03%
CPS	C	0.03%
SPSC	C	0.03%
EGBN	B	0.03%
VSEC	C	0.03%
SNOW	C	0.03%
GTN	F	0.03%
NUS	C	0.03%
BGS	F	0.03%
NVRI	F	0.03%
OFG	B	0.03%
CLDT	C	0.02%
BRY	F	0.02%
ARKO	C	0.02%
FIZZ	B	0.02%
GTY	A	0.02%
PLCE	C	0.02%
CTRN	D	0.02%
RYAM	C	0.02%
DBI	F	0.02%
HASI	D	0.02%
CCSI	B	0.02%
BRSP	C	0.02%
RUN	F	0.02%
KRNY	C	0.02%
AMBC	C	0.02%
ALTO	F	0.02%
ARCO	F	0.02%
DAY	A	0.02%
AVNS	F	0.02%
CLOV	D	0.02%
TEN	F	0.02%
CLVT	F	0.02%
OPK	B	0.02%
WOW	B	0.02%
CSR	B	0.02%
MTW	C	0.02%
WASH	C	0.02%
SRCE	B	0.02%
AVO	C	0.02%
CSV	A	0.02%
KREF	D	0.02%
HFWA	B	0.02%
CNOB	B	0.02%
STNE	F	0.02%
VIR	F	0.02%
XPRO	F	0.02%
SHYF	C	0.02%
HVT	F	0.02%
BJRI	B	0.02%
CLB	C	0.02%
MERC	F	0.02%
CMP	C	0.02%
BANF	B	0.02%
TMP	B	0.02%
TCBK	B	0.02%
CALX	F	0.02%
DCO	B	0.02%
PFC	B	0.02%
AHCO	D	0.02%
HAFC	B	0.02%
UTL	B	0.02%
BRKL	B	0.02%
GDOT	D	0.02%
ZEUS	C	0.02%
TBI	F	0.02%
EVRI	A	0.02%
WOOF	D	0.02%
MATW	C	0.02%
WMG	C	0.02%
OKTA	C	0.02%
OCFC	B	0.02%
MTUS	C	0.02%
SBSI	B	0.02%
XP	F	0.02%
ETD	C	0.02%
ASTH	F	0.02%
CMRE	D	0.02%
IIIN	C	0.01%
NBHC	B	0.01%
VTOL	B	0.01%
GPRO	F	0.01%
RILY	D	0.01%
FBK	B	0.01%
LGND	B	0.01%
LESL	C	0.01%
MBUU	C	0.01%
SNEX	A	0.01%
BHLB	B	0.01%
PKST	D	0.01%
KE	C	0.01%
HLNE	A	0.01%
JRVR	F	0.01%
SRI	F	0.01%
GSL	F	0.01%
AVD	D	0.01%
NU	D	0.01%
SSP	F	0.01%
MODV	C	0.01%
PRM	C	0.01%
PETS	C	0.01%
BMBL	C	0.01%
CRMT	C	0.01%
ATNI	F	0.01%
CENT	C	0.01%
TPIC	F	0.01%
MED	D	0.01%
OPI	F	0.01%
FLGT	F	0.01%
MOV	C	0.01%
WOLF	F	0.01%
GPMT	C	0.01%
MYE	F	0.01%
IRBT	F	0.01%
DIN	C	0.01%
DENN	D	0.01%
SSYS	C	0.01%
AGL	F	0.01%
TITN	C	0.01%
RGP	F	0.01%
MEI	D	0.01%
FLWS	D	0.01%
OIS	C	0.01%
PLOW	D	0.01%
CHGG	D	0.0%
EVH	F	0.0%
MGPI	F	0.0%
PCRX	C	0.0%
GIC	F	0.0%
ALGM	D	0.0%
TWI	D	0.0%
WTI	F	0.0%
SEG	B	0.0%
HY	F	0.0%
CRNC	C	0.0%
AMPH	F	0.0%
GSM	D	0.0%
SPWH	F	0.0%
ONEW	D	0.0%
DNUT	F	0.0%
HAYN	C	0.0%
INMD	C	0.0%
TTEC	D	0.0%
MSBI	B	0.0%
THR	B	0.0%
SEDG	F	0.0%
AMRC	F	0.0%
IIPR	D	0.0%
PEBO	B	0.0%
HOV	C	0.0%
LXU	C	0.0%
CMTL	D	0.0%
TBBK	B	0.0%
NIC	B	0.0%
AOSL	C	0.0%
PFBC	B	0.0%
NR	B	0.0%

FNDA Underweight 136 Positions Relative to SMMV

Symbol	Grade	Weight
MUSA	B	-1.6%
ORI	A	-1.57%
ATR	B	-1.49%
OGE	A	-1.16%
UNM	A	-1.16%
RGA	A	-1.11%
THG	C	-1.11%
EHC	B	-1.08%
SFM	B	-1.07%
PNW	B	-0.91%
GNTX	C	-0.9%
FLO	C	-0.82%
CACI	D	-0.81%
LSTR	B	-0.81%
CASY	B	-0.79%
POST	B	-0.77%
TXNM	A	-0.75%
BJ	B	-0.73%
INGR	B	-0.72%
CW	B	-0.71%
RYAN	A	-0.69%
PAGP	B	-0.68%
MSGS	B	-0.64%
VNOM	B	-0.59%
MDU	F	-0.59%
CCCS	A	-0.59%
INSM	C	-0.58%
HESM	B	-0.54%
TGNA	B	-0.5%
POR	C	-0.49%
FCFS	D	-0.49%
CWAN	B	-0.48%
DRS	B	-0.47%
PCVX	D	-0.47%
ECG	C	-0.46%
IONS	F	-0.45%
WERN	B	-0.45%
SON	D	-0.43%
KNTK	B	-0.42%
KBR	F	-0.42%
EQC	B	-0.4%
XENE	C	-0.34%
BATRK	C	-0.34%
AVT	C	-0.34%
AVPT	B	-0.33%
SKWD	B	-0.32%
SNX	C	-0.31%
DCI	A	-0.31%
USLM	B	-0.3%
NSIT	F	-0.3%
GPOR	B	-0.3%
DVAX	C	-0.29%
WT	B	-0.28%
MIRM	B	-0.28%
CRNX	C	-0.27%
SAIC	F	-0.25%
OSW	B	-0.25%
SCI	A	-0.25%
IDYA	F	-0.24%
ADMA	B	-0.21%
NTST	D	-0.2%
BFC	B	-0.18%
RARE	F	-0.18%
ATEN	B	-0.18%
COLL	F	-0.18%
KRP	C	-0.18%
SPNT	B	-0.17%
ARCH	B	-0.16%
KNSA	F	-0.16%
PRGO	C	-0.15%
CIEN	B	-0.15%
IRON	C	-0.15%
IDT	B	-0.15%
DJCO	B	-0.14%
VVX	C	-0.14%
HCKT	B	-0.14%
HSTM	B	-0.14%
GTX	C	-0.13%
LBTYK	A	-0.13%
KRYS	C	-0.13%
ZYME	C	-0.13%
LMAT	B	-0.12%
SPTN	F	-0.12%
GPK	C	-0.11%
LQDT	B	-0.11%
ACLX	C	-0.11%
NTNX	B	-0.11%
SNRE	D	-0.1%
MCS	B	-0.1%
AGIO	B	-0.1%
ACEL	B	-0.1%
NABL	F	-0.1%
TIPT	B	-0.09%
HCI	B	-0.09%
YORW	D	-0.09%
SPRY	D	-0.09%
FC	D	-0.08%
EWTX	C	-0.08%
ANIP	D	-0.08%
TARS	B	-0.08%
ITCI	C	-0.08%
VITL	F	-0.08%
FRPH	B	-0.08%
IMAX	B	-0.07%
BOX	A	-0.07%
TBPH	C	-0.07%
LQDA	D	-0.07%
ATEX	F	-0.07%
WINA	B	-0.07%
NRC	F	-0.06%
PBF	D	-0.06%
IMXI	B	-0.06%
CART	C	-0.06%
HG	B	-0.06%
UTI	A	-0.06%
ACT	C	-0.06%
IRMD	B	-0.05%
ADEA	C	-0.05%
IMNM	F	-0.05%
METC	C	-0.05%
ACAD	D	-0.05%
UTZ	D	-0.05%
AESI	B	-0.05%
KROS	D	-0.05%
CGON	F	-0.05%
RMR	F	-0.05%
BATRA	F	-0.05%
BTU	C	-0.05%
DAWN	F	-0.04%
DK	C	-0.04%
TH	C	-0.04%
CGEM	F	-0.03%
MITK	C	-0.03%
ANAB	F	-0.03%
CRGX	F	-0.03%
ITOS	F	-0.02%