FNDA vs. SQLV ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Legg Mason Small-Cap Quality Value ETF (SQLV)

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

$31.86

Average Daily Volume

497,487

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$45.07

Average Daily Volume

771

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	SQLV
30 Days	8.26%	8.72%
60 Days	7.50%	8.14%
90 Days	8.41%	8.02%
12 Months	30.58%	22.85%

125 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in SQLV	Overlap
ACCO	C	0.05%	0.29%	0.05%
ADUS	D	0.05%	0.46%	0.05%
AGX	B	0.06%	0.72%	0.06%
ALE	A	0.17%	0.65%	0.17%
AMCX	C	0.05%	0.43%	0.05%
AMPH	D	0.0%	0.37%	0.0%
AMR	C	0.13%	0.61%	0.13%
ANDE	D	0.12%	0.55%	0.12%
APAM	B	0.15%	0.66%	0.15%
ASTH	D	0.03%	0.41%	0.03%
ATKR	C	0.13%	0.38%	0.13%
AVNS	F	0.02%	0.38%	0.02%
AX	A	0.11%	0.75%	0.11%
BHE	B	0.21%	0.42%	0.21%
BKE	B	0.1%	0.74%	0.1%
BSIG	A	0.07%	0.34%	0.07%
BXC	B	0.1%	0.48%	0.1%
CALM	A	0.2%	0.9%	0.2%
CATY	B	0.17%	0.76%	0.17%
CCRN	F	0.01%	0.23%	0.01%
CCSI	C	0.02%	0.67%	0.02%
CEIX	A	0.15%	0.83%	0.15%
CHGG	D	0.0%	0.29%	0.0%
CLW	F	0.02%	0.26%	0.02%
CNMD	C	0.05%	0.13%	0.05%
CNS	B	0.08%	0.22%	0.08%
CNXN	C	0.09%	0.49%	0.09%
COHU	C	0.04%	0.31%	0.04%
CORT	B	0.1%	0.82%	0.1%
CRVL	A	0.0%	0.27%	0.0%
CTS	C	0.06%	0.44%	0.06%
CVI	F	0.06%	0.43%	0.06%
DBRG	F	0.18%	0.2%	0.18%
DFIN	D	0.06%	0.33%	0.06%
DHIL	A	0.02%	0.4%	0.02%
EBC	B	0.07%	0.77%	0.07%
EBF	F	0.02%	0.39%	0.02%
EEFT	B	0.17%	0.51%	0.17%
EMBC	C	0.06%	0.32%	0.06%
FDP	B	0.23%	0.74%	0.23%
FHI	A	0.11%	0.63%	0.11%
FLWS	F	0.01%	0.3%	0.01%
GIC	D	0.0%	0.25%	0.0%
GIII	D	0.18%	0.48%	0.18%
HAE	C	0.1%	0.46%	0.1%
HAFC	A	0.02%	0.66%	0.02%
HSII	B	0.03%	0.17%	0.03%
HWKN	B	0.07%	0.14%	0.07%
IART	C	0.07%	0.31%	0.07%
IBOC	A	0.11%	0.74%	0.11%
ICUI	D	0.14%	0.23%	0.14%
IDCC	A	0.13%	0.78%	0.13%
IIIN	C	0.01%	0.21%	0.01%
INSW	F	0.04%	0.44%	0.04%
INVA	D	0.04%	0.53%	0.04%
IOSP	B	0.13%	0.45%	0.13%
IPGP	D	0.12%	0.41%	0.12%
IRDM	D	0.08%	0.46%	0.08%
IRWD	F	0.02%	0.18%	0.02%
ITGR	B	0.12%	0.49%	0.12%
JBSS	D	0.04%	0.33%	0.04%
JELD	F	0.12%	0.28%	0.12%
KFRC	D	0.08%	0.33%	0.08%
KFY	B	0.21%	0.63%	0.21%
LGND	B	0.01%	0.55%	0.01%
LRN	A	0.12%	0.71%	0.12%
LXU	B	0.0%	0.16%	0.0%
MD	B	0.08%	0.66%	0.08%
MED	F	0.01%	0.24%	0.01%
MSBI	B	0.0%	0.44%	0.0%
MTUS	C	0.02%	0.22%	0.02%
NMIH	D	0.07%	0.59%	0.07%
NPK	B	0.02%	0.36%	0.02%
NTCT	C	0.1%	0.42%	0.1%
NTGR	B	0.06%	0.52%	0.06%
NVST	B	0.19%	0.52%	0.19%
NX	C	0.07%	0.33%	0.07%
OMCL	C	0.08%	0.56%	0.08%
OMI	F	0.14%	0.29%	0.14%
PARR	D	0.04%	0.24%	0.04%
PBH	A	0.11%	0.49%	0.11%
PCRX	C	0.0%	0.2%	0.0%
PETS	C	0.01%	0.21%	0.01%
PFBC	B	0.0%	0.52%	0.0%
PFC	A	0.02%	0.25%	0.02%
PLAB	C	0.07%	0.33%	0.07%
PLUS	F	0.11%	0.46%	0.11%
PLXS	B	0.24%	0.27%	0.24%
PRDO	B	0.09%	0.55%	0.09%
PRG	C	0.25%	0.65%	0.25%
PRGS	A	0.06%	0.52%	0.06%
PUMP	B	0.04%	0.27%	0.04%
RES	D	0.04%	0.33%	0.04%
REX	D	0.0%	0.35%	0.0%
RGP	F	0.01%	0.24%	0.01%
ROCK	C	0.09%	0.37%	0.09%
RYI	C	0.13%	0.3%	0.13%
SCS	C	0.15%	0.52%	0.15%
SCSC	B	0.09%	0.15%	0.09%
SKYW	B	0.24%	0.67%	0.24%
SLVM	B	0.25%	0.75%	0.25%
SSTK	F	0.03%	0.2%	0.03%
STBA	B	0.06%	0.17%	0.06%
STRL	B	0.11%	0.71%	0.11%
SUPN	C	0.05%	0.43%	0.05%
TDC	D	0.14%	0.34%	0.14%
TDOC	C	0.06%	0.56%	0.06%
TEX	D	0.18%	0.49%	0.18%
THRY	F	0.03%	0.12%	0.03%
TPC	C	0.21%	0.48%	0.21%
TWI	F	0.0%	0.14%	0.0%
USNA	C	0.03%	0.29%	0.03%
UVE	B	0.03%	0.19%	0.03%
VCTR	B	0.04%	0.82%	0.04%
VREX	C	0.01%	0.27%	0.01%
VSH	D	0.09%	0.38%	0.09%
WHD	B	0.06%	0.62%	0.06%
WNC	C	0.08%	0.29%	0.08%
WOR	F	0.08%	0.37%	0.08%
WRLD	C	0.03%	0.27%	0.03%
WTFC	A	0.23%	0.55%	0.23%
WTTR	B	0.03%	0.6%	0.03%
YELP	C	0.14%	0.4%	0.14%
ZD	C	0.16%	0.4%	0.16%
ZEUS	C	0.02%	0.24%	0.02%

FNDA Overweight 871 Positions Relative to SQLV

Symbol	Grade	Weight
RCL	A	0.45%
GEO	B	0.42%
UAL	A	0.42%
SATS	D	0.38%
FICO	B	0.36%
COIN	C	0.34%
ANF	C	0.34%
UTHR	C	0.32%
SF	B	0.31%
GME	C	0.31%
APP	B	0.3%
XPO	B	0.3%
VSCO	B	0.29%
BKU	A	0.29%
FLS	B	0.29%
AIT	A	0.28%
MAC	B	0.28%
HRI	B	0.28%
WAL	B	0.28%
KMPR	B	0.28%
CXW	B	0.28%
TXRH	C	0.28%
HCC	B	0.27%
WBS	A	0.26%
OHI	C	0.26%
SWX	B	0.26%
CLH	B	0.26%
BWXT	B	0.26%
UAA	C	0.25%
WWD	B	0.25%
FIX	A	0.25%
CRS	A	0.25%
LITE	B	0.25%
Z	A	0.25%
GVA	A	0.25%
MHO	D	0.25%
VMI	B	0.25%
PNFP	B	0.24%
VRT	B	0.24%
DY	D	0.24%
SAIA	B	0.24%
HEI	B	0.24%
RDN	C	0.24%
FRT	B	0.23%
INCY	C	0.23%
CFR	B	0.23%
VLTO	D	0.23%
SPB	C	0.23%
AWI	A	0.23%
PB	A	0.23%
SIG	B	0.23%
LOPE	B	0.23%
FNB	A	0.23%
DTM	B	0.23%
WH	B	0.23%
BKH	A	0.23%
GHC	C	0.23%
ESI	A	0.22%
KRC	C	0.22%
SPOT	B	0.22%
CBT	C	0.22%
CWK	B	0.22%
CR	A	0.22%
DEI	B	0.22%
VIRT	B	0.22%
COOP	B	0.22%
AVNT	B	0.22%
MOG.A	B	0.22%
ZM	B	0.22%
GATX	A	0.22%
CADE	B	0.22%
TTMI	B	0.22%
SEM	B	0.22%
HIW	D	0.21%
CRUS	D	0.21%
FDS	B	0.21%
PINC	B	0.21%
HWC	B	0.21%
ELAN	D	0.21%
RXO	C	0.21%
CBSH	A	0.21%
GMS	B	0.21%
IDA	A	0.21%
BYD	C	0.21%
ASB	B	0.21%
PNM	F	0.2%
TTEK	F	0.2%
KEX	C	0.2%
SBH	C	0.2%
FHB	A	0.2%
EXEL	B	0.2%
TRN	C	0.2%
SCCO	F	0.2%
OZK	B	0.2%
VLY	B	0.2%
MC	C	0.2%
ELS	C	0.2%
GBX	A	0.2%
UNIT	B	0.2%
ARCB	C	0.19%
CRC	B	0.19%
JBLU	F	0.19%
STC	B	0.19%
TWLO	A	0.19%
SR	A	0.19%
LCII	C	0.19%
BIO	D	0.19%
ATGE	B	0.19%
FCN	D	0.19%
EAT	A	0.19%
DASH	A	0.19%
CCS	D	0.19%
ADTN	A	0.19%
ENS	D	0.19%
ENVA	B	0.19%
HP	B	0.19%
CUZ	B	0.19%
AGNC	D	0.19%
OGS	A	0.19%
ACA	A	0.19%
UBSI	B	0.19%
SMG	D	0.19%
COLB	A	0.19%
MAT	D	0.19%
KNF	A	0.19%
HLI	B	0.19%
WMK	C	0.18%
WYNN	D	0.18%
NYT	C	0.18%
CUBE	D	0.18%
AMH	D	0.18%
HNI	B	0.18%
PATK	D	0.18%
RPRX	D	0.18%
TPL	A	0.18%
COLM	B	0.18%
SBRA	C	0.18%
ACIW	B	0.18%
KMT	B	0.18%
URBN	C	0.18%
IMKTA	C	0.18%
BDC	B	0.17%
VNT	B	0.17%
HXL	D	0.17%
SSD	D	0.17%
APLE	B	0.17%
NWE	B	0.17%
LAUR	A	0.17%
VVV	F	0.17%
NOW	A	0.17%
PCH	D	0.17%
SUM	B	0.17%
ONB	B	0.17%
PSMT	C	0.17%
UMBF	B	0.17%
WTM	A	0.17%
MTDR	B	0.17%
AMKR	D	0.17%
VSTS	C	0.17%
FUL	F	0.17%
PHIN	A	0.17%
WGO	C	0.17%
NJR	A	0.17%
GBCI	B	0.17%
UNF	B	0.17%
SPR	D	0.17%
ESAB	B	0.17%
CSGP	D	0.17%
ASH	D	0.17%
SN	D	0.17%
LFUS	F	0.17%
SHOO	D	0.17%
PIPR	B	0.17%
CNX	A	0.17%
PTEN	C	0.16%
RH	B	0.16%
EBS	C	0.16%
PLTR	B	0.16%
SKY	A	0.16%
COLD	D	0.16%
SIGI	C	0.16%
AVA	A	0.16%
WAFD	B	0.16%
VEEV	C	0.16%
OLLI	D	0.16%
APO	B	0.16%
GEF	A	0.16%
OUT	A	0.16%
GTES	A	0.16%
MASI	A	0.16%
VYX	B	0.16%
LNW	D	0.16%
SFNC	B	0.16%
AGO	B	0.16%
ENTG	D	0.16%
B	B	0.16%
PFSI	D	0.16%
CBRL	C	0.15%
DNOW	B	0.15%
CHDN	B	0.15%
AGR	B	0.15%
TCBI	B	0.15%
GMED	A	0.15%
FWRD	D	0.15%
ROL	B	0.15%
TNL	A	0.15%
ARES	A	0.15%
NOMD	D	0.15%
MOD	A	0.15%
MTX	B	0.15%
LGIH	D	0.15%
LZB	B	0.15%
SLG	B	0.15%
UVV	B	0.15%
MTCH	D	0.15%
WD	D	0.15%
PDCO	D	0.15%
KTB	B	0.15%
NNN	D	0.15%
ESNT	D	0.15%
SITE	D	0.15%
RYN	D	0.14%
RRC	B	0.14%
EXLS	B	0.14%
ENSG	D	0.14%
NMRK	B	0.14%
AMWD	C	0.14%
SNDR	B	0.14%
APOG	B	0.14%
VSTO	A	0.14%
JAZZ	B	0.14%
BOH	B	0.14%
CDP	C	0.14%
WTS	B	0.14%
KAR	B	0.14%
FULT	A	0.14%
APG	B	0.14%
TYL	B	0.14%
H	B	0.14%
MKTX	D	0.14%
MLKN	D	0.14%
SLGN	A	0.14%
MCY	A	0.14%
BXMT	C	0.14%
CNK	B	0.14%
CVLT	B	0.14%
SLAB	D	0.14%
AROC	B	0.14%
TPG	A	0.14%
CACC	D	0.14%
PPC	C	0.14%
NEU	C	0.14%
CROX	D	0.14%
BCO	D	0.14%
CVCO	A	0.14%
SXT	B	0.14%
HE	C	0.14%
SAH	A	0.14%
CGNX	C	0.14%
ABNB	C	0.13%
WMS	D	0.13%
DNB	B	0.13%
SCL	C	0.13%
RNR	C	0.13%
WEX	D	0.13%
HELE	C	0.13%
DORM	B	0.13%
FND	C	0.13%
HRB	D	0.13%
RGLD	C	0.13%
SMTC	B	0.13%
THS	D	0.13%
IGT	F	0.13%
DLB	B	0.13%
RLI	B	0.13%
UPBD	B	0.13%
EPR	D	0.13%
PLNT	A	0.13%
CABO	C	0.13%
FTI	A	0.13%
COKE	C	0.13%
ABCB	B	0.13%
DBX	B	0.13%
WEN	D	0.13%
ITRI	B	0.13%
PRIM	A	0.12%
HOPE	B	0.12%
FSLR	F	0.12%
CNM	D	0.12%
ETSY	D	0.12%
DRH	B	0.12%
CHX	C	0.12%
COMP	B	0.12%
IAC	D	0.12%
CHRD	D	0.12%
AXS	A	0.12%
HGV	B	0.12%
WTRG	B	0.12%
ECPG	B	0.12%
HEES	B	0.12%
PTC	A	0.12%
VRSN	F	0.12%
JBT	B	0.12%
AMED	F	0.12%
TROX	D	0.12%
MSM	C	0.12%
JBGS	D	0.12%
LBRT	D	0.12%
RLJ	C	0.12%
TREX	C	0.12%
JWN	C	0.12%
AIR	B	0.12%
RIG	D	0.12%
BANR	B	0.12%
MWA	B	0.12%
FELE	B	0.12%
WWW	B	0.12%
WDAY	B	0.12%
BGC	C	0.12%
FR	C	0.11%
SASR	B	0.11%
EPC	D	0.11%
TECH	D	0.11%
ENOV	C	0.11%
PSN	D	0.11%
WSBC	A	0.11%
STAG	F	0.11%
CPNG	D	0.11%
FN	D	0.11%
HI	C	0.11%
KALU	C	0.11%
XHR	B	0.11%
VIAV	B	0.11%
PPBI	B	0.11%
MPWR	F	0.11%
AEIS	B	0.11%
CIVI	D	0.11%
TRMK	B	0.11%
SKT	B	0.11%
MORN	B	0.11%
HPP	F	0.11%
BOKF	B	0.11%
DIOD	D	0.11%
PECO	A	0.11%
CRL	C	0.11%
HTH	B	0.11%
DDS	B	0.11%
MANH	D	0.11%
CBU	B	0.11%
FSS	B	0.11%
HLF	C	0.11%
BFAM	D	0.11%
FIBK	A	0.11%
MMS	F	0.11%
BLD	D	0.11%
CHE	D	0.11%
CVBF	A	0.11%
TNET	D	0.11%
FFBC	A	0.11%
MYRG	B	0.11%
IBKR	A	0.11%
NGVT	B	0.11%
AM	A	0.1%
WSFS	A	0.1%
BOOT	D	0.1%
ABR	C	0.1%
SIRI	C	0.1%
NHC	C	0.1%
GFF	A	0.1%
WSC	D	0.1%
AEO	F	0.1%
HTLF	B	0.1%
ENR	B	0.1%
ACHC	F	0.1%
MGEE	C	0.1%
FIVE	F	0.1%
UE	C	0.1%
UCB	A	0.1%
SHO	C	0.1%
COMM	D	0.1%
LANC	C	0.1%
DHC	F	0.1%
HOMB	A	0.1%
PFS	B	0.1%
PAYC	B	0.1%
AZZ	B	0.1%
KRG	B	0.1%
SAM	C	0.1%
SSB	B	0.1%
CHH	A	0.09%
LBRDK	C	0.09%
ALEX	C	0.09%
CSGS	B	0.09%
PDM	D	0.09%
ESE	B	0.09%
AAON	B	0.09%
FTDR	A	0.09%
CENTA	C	0.09%
PINS	D	0.09%
NHI	D	0.09%
RNG	B	0.09%
CWEN	C	0.09%
RAMP	C	0.09%
ESRT	C	0.09%
RBC	A	0.09%
AIN	C	0.09%
STRA	C	0.09%
ICFI	F	0.09%
NPO	A	0.09%
IBTX	B	0.09%
FFIN	B	0.09%
MMSI	B	0.09%
MGRC	B	0.09%
PBI	B	0.09%
MGY	A	0.09%
DXCM	D	0.09%
FRME	B	0.09%
RHP	B	0.09%
OSIS	B	0.09%
EIG	B	0.09%
TW	A	0.09%
OTTR	C	0.09%
IBP	D	0.09%
INDB	B	0.09%
JACK	D	0.09%
VC	D	0.09%
BCPC	B	0.09%
SVC	F	0.09%
ROKU	D	0.09%
ORA	B	0.09%
BRKR	D	0.09%
MSA	D	0.09%
ROIC	A	0.08%
YETI	C	0.08%
RRR	D	0.08%
DLX	B	0.08%
UCTT	D	0.08%
REVG	B	0.08%
DOLE	D	0.08%
CARG	C	0.08%
GOLF	B	0.08%
ATI	D	0.08%
ARI	C	0.08%
SAFT	C	0.08%
CSWI	A	0.08%
HL	D	0.08%
OII	B	0.08%
TTD	B	0.08%
KW	B	0.08%
KLG	C	0.08%
ALGT	B	0.08%
CCOI	B	0.08%
PTON	B	0.08%
EGP	F	0.08%
PMT	D	0.08%
KOS	F	0.08%
BMRN	D	0.08%
SYNA	C	0.08%
LXP	D	0.08%
GO	C	0.08%
NWBI	B	0.08%
NWN	A	0.08%
LILAK	D	0.08%
AKR	B	0.08%
TALO	C	0.08%
CBZ	B	0.08%
PRK	B	0.08%
POWI	D	0.08%
TOWN	B	0.08%
OPCH	D	0.08%
KAI	A	0.08%
AZEK	A	0.08%
ALIT	C	0.08%
PJT	A	0.07%
CPK	A	0.07%
CNA	B	0.07%
KOP	C	0.07%
HHH	B	0.07%
BMI	B	0.07%
CUBI	C	0.07%
QLYS	C	0.07%
SMCI	F	0.07%
SABR	C	0.07%
ONTO	D	0.07%
HLX	B	0.07%
EXPO	D	0.07%
FCF	A	0.07%
MRTN	C	0.07%
BRC	D	0.07%
HQY	B	0.07%
EYE	C	0.07%
GWRE	A	0.07%
AUB	B	0.07%
OLED	D	0.07%
BLMN	F	0.07%
CRK	B	0.07%
ROG	D	0.07%
IRT	A	0.07%
OPEN	D	0.07%
SXI	B	0.07%
PR	B	0.07%
PTVE	B	0.07%
ADC	B	0.07%
REXR	F	0.07%
JJSF	B	0.07%
LYFT	C	0.07%
CASH	A	0.07%
ZWS	B	0.07%
NSP	D	0.07%
BDN	C	0.07%
MRCY	B	0.07%
THRM	D	0.07%
HMN	B	0.07%
PEB	D	0.07%
GNL	F	0.07%
AMN	F	0.07%
CDE	D	0.07%
CAKE	C	0.07%
TILE	B	0.07%
NBTB	B	0.07%
ALG	B	0.07%
CXT	B	0.07%
KN	B	0.07%
LADR	B	0.07%
CWT	D	0.07%
ROAD	A	0.07%
MTRN	C	0.07%
COTY	F	0.06%
AXL	C	0.06%
SMPL	B	0.06%
FBP	B	0.06%
EPAC	B	0.06%
GPRE	F	0.06%
ENV	B	0.06%
CWST	A	0.06%
HCSG	C	0.06%
BNL	D	0.06%
GTLS	B	0.06%
GES	F	0.06%
CAL	D	0.06%
TOST	B	0.06%
ECVT	C	0.06%
MMI	B	0.06%
BLKB	B	0.06%
SEB	F	0.06%
GCI	D	0.06%
KTOS	B	0.06%
OXM	D	0.06%
TNC	D	0.06%
GFS	C	0.06%
TRS	B	0.06%
REYN	D	0.06%
MEDP	D	0.06%
BSY	D	0.06%
BUSE	B	0.06%
WDFC	B	0.06%
FORM	D	0.06%
OEC	C	0.06%
EFSC	B	0.06%
TRIP	F	0.06%
HURN	B	0.06%
KWR	C	0.06%
AWR	B	0.06%
SONO	C	0.06%
NNI	D	0.06%
PGRE	F	0.06%
ATSG	B	0.06%
VBTX	B	0.06%
ELME	D	0.06%
LGF.A	C	0.06%
CWH	B	0.06%
PLAY	D	0.06%
SCHL	D	0.06%
KELYA	F	0.06%
HALO	F	0.06%
BKD	D	0.06%
ERIE	D	0.06%
EAF	C	0.06%
NBIX	C	0.06%
NSA	D	0.06%
EXPI	C	0.06%
AAT	B	0.06%
SJW	D	0.05%
UIS	B	0.05%
LIVN	F	0.05%
VRTS	B	0.05%
CNDT	C	0.05%
AAL	B	0.05%
TRNO	F	0.05%
AY	B	0.05%
NTB	B	0.05%
HAYW	B	0.05%
CODI	B	0.05%
CHCO	B	0.05%
HTLD	B	0.05%
KLIC	B	0.05%
VRRM	D	0.05%
NOVT	D	0.05%
VSAT	F	0.05%
MRC	B	0.05%
VRE	B	0.05%
ICHR	C	0.05%
FOXF	F	0.05%
ALK	C	0.05%
EPRT	B	0.05%
DEA	D	0.05%
SXC	A	0.05%
PODD	C	0.05%
SNBR	F	0.05%
FBNC	A	0.05%
BRBR	A	0.05%
CCO	C	0.05%
AMRK	F	0.05%
CHEF	A	0.05%
CMCO	B	0.05%
PSTG	D	0.05%
MELI	D	0.05%
BV	B	0.05%
ESGR	B	0.05%
MODG	F	0.05%
SENEA	B	0.04%
ASIX	A	0.04%
OFG	B	0.04%
ALRM	C	0.04%
IPAR	B	0.04%
CARS	B	0.04%
NVEE	F	0.04%
PRA	C	0.04%
CNSL	C	0.04%
SWBI	C	0.04%
ENPH	F	0.04%
FBRT	C	0.04%
RDNT	B	0.04%
IHRT	C	0.04%
CPS	C	0.04%
GLOB	B	0.04%
WFRD	D	0.04%
SFL	D	0.04%
GLNG	C	0.04%
RDUS	C	0.04%
ZUMZ	C	0.04%
GCO	B	0.04%
CSTM	F	0.04%
DHT	F	0.04%
GTN	F	0.04%
EXAS	D	0.04%
SFBS	B	0.04%
RGEN	D	0.04%
AGRO	D	0.04%
IVT	B	0.04%
PEN	B	0.04%
CMPR	D	0.04%
VTLE	C	0.04%
DXPE	B	0.04%
ZI	D	0.04%
SNAP	C	0.04%
PRAA	C	0.04%
HLIO	B	0.04%
WING	D	0.04%
LNN	B	0.04%
HAIN	C	0.04%
NBR	C	0.04%
NOG	A	0.04%
LSCC	D	0.04%
W	F	0.04%
HZO	D	0.04%
BZH	B	0.04%
MATX	C	0.04%
NEOG	F	0.04%
LKFN	B	0.04%
CRGY	B	0.04%
LTC	B	0.04%
AZTA	D	0.04%
RNST	B	0.04%
CNXC	F	0.04%
GRBK	D	0.04%
FCPT	C	0.04%
CMRE	C	0.03%
KNSL	B	0.03%
DAC	B	0.03%
XP	F	0.03%
BBSI	B	0.03%
CRAI	B	0.03%
MYGN	F	0.03%
RWT	D	0.03%
PAGS	F	0.03%
CNNE	B	0.03%
ZIMV	D	0.03%
GDEN	B	0.03%
VIR	D	0.03%
EVTC	B	0.03%
CVGW	D	0.03%
HMST	D	0.03%
SBCF	A	0.03%
TKO	B	0.03%
AGM	C	0.03%
PRLB	A	0.03%
RGR	F	0.03%
ILPT	D	0.03%
PEGA	A	0.03%
CPF	A	0.03%
SBLK	F	0.03%
MXL	C	0.03%
RMBS	C	0.03%
DT	C	0.03%
PRVA	B	0.03%
MP	B	0.03%
CTRE	D	0.03%
GLDD	B	0.03%
RKT	F	0.03%
RC	D	0.03%
STNG	F	0.03%
AMC	C	0.03%
CFFN	B	0.03%
CBL	A	0.03%
VAL	D	0.03%
LEVI	F	0.03%
VRNT	C	0.03%
MATV	D	0.03%
CMTG	F	0.03%
TSE	F	0.03%
SCVL	F	0.03%
SMP	B	0.03%
SGRY	F	0.03%
USM	B	0.03%
NUS	D	0.03%
SPSC	C	0.03%
STEP	B	0.03%
MNRO	D	0.03%
TRTX	B	0.03%
ACLS	F	0.03%
SNOW	C	0.03%
LYV	A	0.03%
NVRI	F	0.03%
EGBN	B	0.03%
ASTE	B	0.03%
VSEC	C	0.03%
PZZA	D	0.03%
BGS	F	0.03%
LPG	F	0.03%
PLCE	C	0.02%
GTY	B	0.02%
ARKO	C	0.02%
CTRN	D	0.02%
CLDT	B	0.02%
HASI	D	0.02%
BRY	F	0.02%
FIZZ	C	0.02%
CLOV	D	0.02%
AMBC	C	0.02%
CLVT	F	0.02%
ALTO	F	0.02%
BRSP	B	0.02%
RYAM	C	0.02%
KRNY	B	0.02%
CMP	C	0.02%
DAY	B	0.02%
ARCO	F	0.02%
RUN	F	0.02%
DBI	F	0.02%
TEN	F	0.02%
OPK	C	0.02%
CSR	B	0.02%
GNK	D	0.02%
SHEN	F	0.02%
CSV	B	0.02%
WOW	B	0.02%
KREF	D	0.02%
SRCE	B	0.02%
EDR	A	0.02%
ALKS	B	0.02%
CLB	B	0.02%
WABC	B	0.02%
HVT	D	0.02%
AVO	C	0.02%
HFWA	B	0.02%
MTW	C	0.02%
MERC	F	0.02%
XPRO	F	0.02%
CNOB	B	0.02%
WASH	C	0.02%
CALX	D	0.02%
BANF	B	0.02%
TMP	B	0.02%
SHYF	C	0.02%
TCBK	B	0.02%
UFCS	B	0.02%
UTL	B	0.02%
MATW	C	0.02%
BJRI	B	0.02%
STNE	F	0.02%
WMG	C	0.02%
EVRI	A	0.02%
DCO	C	0.02%
AHCO	F	0.02%
TBI	F	0.02%
BRKL	B	0.02%
WOOF	D	0.02%
GDOT	D	0.02%
OKTA	C	0.02%
SBSI	B	0.02%
OCFC	B	0.02%
SFIX	B	0.02%
ETD	C	0.02%
VTOL	B	0.01%
RILY	F	0.01%
NBHC	B	0.01%
SNEX	B	0.01%
LESL	C	0.01%
FBK	B	0.01%
GPRO	F	0.01%
MBUU	C	0.01%
BHLB	B	0.01%
PKST	D	0.01%
KE	C	0.01%
HLNE	B	0.01%
AVD	D	0.01%
JRVR	F	0.01%
PRM	C	0.01%
GSL	F	0.01%
AMSF	B	0.01%
SSP	F	0.01%
SRI	F	0.01%
MODV	C	0.01%
ATNI	F	0.01%
NU	C	0.01%
CRMT	C	0.01%
BMBL	C	0.01%
CENT	C	0.01%
FLGT	F	0.01%
MOV	C	0.01%
GPMT	C	0.01%
TPIC	F	0.01%
OPI	F	0.01%
IRBT	F	0.01%
MYE	F	0.01%
DENN	D	0.01%
SSYS	C	0.01%
AGL	F	0.01%
DIN	C	0.01%
WOLF	F	0.01%
TITN	C	0.01%
USPH	B	0.01%
OIS	C	0.01%
PLOW	D	0.01%
MEI	D	0.01%
EVH	F	0.0%
MGPI	F	0.0%
ALGM	D	0.0%
SEG	B	0.0%
HY	D	0.0%
WTI	F	0.0%
GSM	D	0.0%
CRNC	C	0.0%
SPWH	F	0.0%
DNUT	D	0.0%
HAYN	C	0.0%
ONEW	D	0.0%
THR	B	0.0%
INMD	C	0.0%
TTEC	F	0.0%
AMRC	F	0.0%
CMTL	F	0.0%
IIPR	D	0.0%
HOV	D	0.0%
SEDG	F	0.0%
PEBO	A	0.0%
TBBK	B	0.0%
AOSL	C	0.0%
NR	B	0.0%
NIC	B	0.0%

FNDA Underweight 132 Positions Relative to SQLV

Symbol	Grade	Weight
BFH	B	-1.13%
PAYO	A	-0.81%
CAR	C	-0.78%
DXC	B	-0.77%
POWL	C	-0.75%
TGNA	B	-0.75%
BTU	B	-0.7%
SANM	B	-0.69%
PBF	D	-0.65%
LE	D	-0.59%
PAHC	C	-0.55%
HUBG	A	-0.55%
NECB	B	-0.54%
CRCT	F	-0.54%
WS	B	-0.53%
ASO	F	-0.53%
NBN	B	-0.52%
MCB	B	-0.52%
MBWM	B	-0.48%
MCRI	A	-0.47%
FISI	A	-0.47%
CIVB	B	-0.47%
LMAT	A	-0.46%
OSBC	A	-0.46%
UNTY	B	-0.46%
DK	C	-0.46%
THFF	B	-0.45%
BELFB	C	-0.44%
RMR	F	-0.43%
EWCZ	F	-0.42%
DAKT	B	-0.42%
RLGT	A	-0.41%
CPRX	C	-0.4%
HRMY	D	-0.4%
DVAX	C	-0.39%
PKBK	A	-0.39%
EVBN	B	-0.39%
VCYT	B	-0.38%
WU	D	-0.37%
TH	C	-0.37%
WKC	D	-0.37%
METC	C	-0.37%
RNGR	B	-0.37%
HCKT	B	-0.37%
LQDT	B	-0.37%
ARRY	C	-0.36%
OLPX	D	-0.36%
SGC	C	-0.35%
HSTM	B	-0.34%
ATEN	B	-0.34%
ACIC	B	-0.33%
CRI	D	-0.33%
PLPC	B	-0.33%
CVEO	F	-0.32%
FOR	F	-0.32%
SMLR	B	-0.31%
GNE	D	-0.31%
LGTY	D	-0.3%
MPX	B	-0.3%
MRVI	F	-0.3%
MCFT	B	-0.3%
IRMD	C	-0.3%
IMXI	B	-0.3%
SPOK	C	-0.29%
KRT	A	-0.29%
CASS	B	-0.29%
SIGA	F	-0.28%
COLL	F	-0.28%
HBB	F	-0.28%
EE	A	-0.27%
NVEC	C	-0.26%
NATR	C	-0.26%
WINA	B	-0.26%
ZIP	F	-0.26%
ODP	F	-0.26%
BTMD	C	-0.25%
PKE	B	-0.25%
CTKB	C	-0.25%
ANIP	F	-0.25%
UTMD	F	-0.24%
MNSB	C	-0.24%
HOFT	C	-0.24%
TZOO	A	-0.24%
ARCH	B	-0.23%
TCMD	A	-0.23%
EVC	C	-0.22%
JILL	C	-0.22%
PBYI	C	-0.21%
MPAA	C	-0.21%
LCUT	F	-0.21%
CMT	D	-0.2%
MDXG	B	-0.2%
VRA	F	-0.2%
OFLX	D	-0.2%
ASRT	F	-0.2%
STAA	F	-0.2%
RCMT	C	-0.19%
LFVN	B	-0.19%
MYPS	C	-0.19%
HBCP	B	-0.19%
MITK	C	-0.19%
HTZ	C	-0.18%
VIRC	B	-0.18%
INTT	C	-0.18%
ZYXI	D	-0.18%
TGTX	B	-0.18%
VPG	D	-0.17%
JAKK	C	-0.17%
RCKY	F	-0.17%
OSUR	F	-0.16%
ACDC	C	-0.16%
HCI	C	-0.16%
BBW	B	-0.16%
MGNI	A	-0.16%
ANGO	D	-0.15%
ANIK	F	-0.15%
EXTR	B	-0.15%
DXLG	F	-0.15%
NRC	F	-0.15%
CCRD	A	-0.15%
CSPI	C	-0.14%
BOX	B	-0.14%
BLBD	D	-0.13%
IMMR	C	-0.13%
SD	D	-0.13%
POWW	F	-0.13%
CVGI	F	-0.12%
PAYS	F	-0.12%
YOU	D	-0.12%
LTRX	F	-0.11%
SURG	D	-0.1%
IPW	F	-0.06%