FNDA vs. VFMF ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Vanguard U.S. Multifactor ETF (VFMF)

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

$30.77

Average Daily Volume

471,292

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$135.60

Average Daily Volume

9,172

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	VFMF
30 Days	1.38%	1.01%
60 Days	5.49%	6.19%
90 Days	7.98%	9.92%
12 Months	27.35%	31.84%

225 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in VFMF	Overlap
ABCB	A	0.13%	0.14%	0.13%
ACCO	B	0.05%	0.08%	0.05%
ADTN	A	0.19%	0.02%	0.02%
AEO	F	0.1%	0.17%	0.1%
AGM	A	0.03%	0.06%	0.03%
AGO	A	0.15%	0.17%	0.15%
AGX	B	0.06%	0.12%	0.06%
AHCO	D	0.02%	0.19%	0.02%
AIT	A	0.27%	0.17%	0.17%
ALKS	B	0.02%	0.17%	0.02%
AMKR	F	0.18%	0.2%	0.18%
AMR	C	0.13%	0.11%	0.11%
AMWD	B	0.14%	0.2%	0.14%
ANDE	C	0.12%	0.34%	0.12%
APO	A	0.16%	0.74%	0.16%
APOG	B	0.14%	0.09%	0.09%
ARCB	C	0.2%	0.08%	0.08%
ASB	A	0.22%	0.16%	0.16%
ATGE	B	0.19%	0.19%	0.19%
ATKR	C	0.14%	0.02%	0.02%
AX	A	0.11%	0.2%	0.11%
AZZ	B	0.1%	0.1%	0.1%
BBSI	A	0.02%	0.07%	0.02%
BHLB	A	0.01%	0.12%	0.01%
BKE	A	0.09%	0.05%	0.05%
BKU	A	0.28%	0.04%	0.04%
BLD	F	0.11%	0.19%	0.11%
BOKF	A	0.11%	0.19%	0.11%
BRY	F	0.02%	0.03%	0.02%
BSIG	A	0.07%	0.03%	0.03%
BUSE	A	0.06%	0.02%	0.02%
BV	C	0.06%	0.16%	0.06%
BYD	A	0.21%	0.03%	0.03%
CAL	D	0.06%	0.2%	0.06%
CALM	A	0.2%	0.28%	0.2%
CASH	A	0.07%	0.3%	0.07%
CATY	A	0.17%	0.06%	0.06%
CBSH	A	0.2%	0.34%	0.2%
CBT	C	0.23%	0.05%	0.05%
CBU	A	0.11%	0.12%	0.11%
CCRN	F	0.01%	0.03%	0.01%
CEIX	A	0.15%	0.11%	0.11%
CENTA	C	0.09%	0.06%	0.06%
CHCO	A	0.05%	0.15%	0.05%
CHRD	F	0.12%	0.15%	0.12%
CIVI	F	0.11%	0.06%	0.06%
CLW	F	0.03%	0.05%	0.03%
CNA	C	0.07%	0.07%	0.07%
CNM	F	0.13%	0.07%	0.07%
CNOB	A	0.02%	0.18%	0.02%
CNX	A	0.17%	0.11%	0.11%
CNXN	D	0.09%	0.14%	0.09%
COKE	C	0.13%	0.18%	0.13%
COOP	B	0.22%	0.17%	0.17%
CPF	A	0.03%	0.31%	0.03%
CR	A	0.22%	0.16%	0.16%
CRAI	B	0.03%	0.04%	0.03%
CRC	B	0.18%	0.15%	0.15%
CROX	F	0.14%	0.2%	0.14%
CRS	A	0.25%	0.05%	0.05%
CRUS	F	0.21%	0.06%	0.06%
CRVL	B	0.0%	0.09%	0.0%
CTS	B	0.06%	0.04%	0.04%
CVCO	A	0.14%	0.2%	0.14%
CVLT	B	0.14%	0.14%	0.14%
DASH	B	0.18%	0.05%	0.05%
DDS	B	0.1%	0.03%	0.03%
DHT	D	0.04%	0.15%	0.04%
DLX	A	0.07%	0.17%	0.07%
DNOW	A	0.14%	0.12%	0.12%
DOLE	D	0.09%	0.07%	0.07%
DXPE	A	0.04%	0.09%	0.04%
EAT	A	0.18%	0.26%	0.18%
EFSC	A	0.06%	0.04%	0.04%
EIG	A	0.09%	0.34%	0.09%
ENS	D	0.2%	0.14%	0.14%
EPAC	B	0.06%	0.03%	0.03%
EPC	F	0.11%	0.07%	0.07%
ESAB	B	0.18%	0.15%	0.15%
ETD	D	0.02%	0.14%	0.02%
FBP	A	0.06%	0.5%	0.06%
FCF	A	0.07%	0.25%	0.07%
FDP	A	0.23%	0.08%	0.08%
FIBK	A	0.11%	0.12%	0.11%
FIX	A	0.24%	0.16%	0.16%
FLWS	D	0.02%	0.1%	0.02%
FN	C	0.1%	0.06%	0.06%
FRME	A	0.09%	0.06%	0.06%
FTI	A	0.13%	0.14%	0.13%
GEO	A	0.34%	0.04%	0.04%
GFF	A	0.08%	0.29%	0.08%
GIII	D	0.18%	0.3%	0.18%
GMS	A	0.21%	0.2%	0.2%
GNK	C	0.02%	0.16%	0.02%
GOLF	A	0.07%	0.04%	0.04%
GRBK	D	0.05%	0.1%	0.05%
HAFC	A	0.02%	0.13%	0.02%
HALO	D	0.07%	0.11%	0.07%
HCC	B	0.3%	0.13%	0.13%
HEES	B	0.11%	0.04%	0.04%
HFWA	A	0.02%	0.03%	0.02%
HNI	A	0.17%	0.06%	0.06%
HOV	F	0.0%	0.04%	0.0%
HP	C	0.2%	0.18%	0.18%
HRB	D	0.13%	0.45%	0.13%
HSII	B	0.03%	0.04%	0.03%
HVT	F	0.02%	0.07%	0.02%
HWC	A	0.21%	0.12%	0.12%
HWKN	C	0.07%	0.19%	0.07%
IBOC	A	0.11%	0.34%	0.11%
IDCC	A	0.13%	0.07%	0.07%
IMKTA	C	0.18%	0.18%	0.18%
INDB	A	0.09%	0.09%	0.09%
INSW	F	0.04%	0.12%	0.04%
ITRI	B	0.14%	0.1%	0.1%
JELD	F	0.12%	0.09%	0.09%
JWN	A	0.12%	0.07%	0.07%
KELYA	F	0.09%	0.36%	0.09%
KEX	A	0.19%	0.16%	0.16%
KFRC	D	0.08%	0.04%	0.04%
KMT	B	0.2%	0.03%	0.03%
KTB	A	0.14%	0.15%	0.14%
LBRT	F	0.13%	0.05%	0.05%
LOPE	B	0.22%	0.06%	0.06%
LPG	F	0.03%	0.11%	0.03%
LRN	A	0.12%	0.1%	0.1%
LZB	A	0.14%	0.07%	0.07%
MATX	B	0.04%	0.11%	0.04%
MBUU	C	0.01%	0.04%	0.01%
MCY	A	0.14%	0.14%	0.14%
MD	B	0.08%	0.05%	0.05%
MEDP	D	0.06%	0.15%	0.06%
MGY	A	0.09%	0.04%	0.04%
MHO	D	0.26%	0.25%	0.25%
MLKN	F	0.14%	0.23%	0.14%
MOG.A	B	0.23%	0.09%	0.09%
MOV	C	0.01%	0.03%	0.01%
MPWR	F	0.15%	0.1%	0.1%
MRC	B	0.05%	0.17%	0.05%
MTDR	C	0.16%	0.08%	0.08%
MTUS	F	0.03%	0.07%	0.03%
NHC	B	0.1%	0.06%	0.06%
NMIH	D	0.07%	0.31%	0.07%
NMRK	B	0.13%	0.13%	0.13%
NOG	A	0.04%	0.05%	0.04%
NR	D	0.0%	0.14%	0.0%
NTB	B	0.05%	0.3%	0.05%
NTGR	A	0.06%	0.07%	0.06%
NX	C	0.07%	0.05%	0.05%
OFG	B	0.04%	0.64%	0.04%
OMI	F	0.15%	0.16%	0.15%
OXM	F	0.06%	0.09%	0.06%
PATK	C	0.17%	0.18%	0.17%
PEBO	A	0.0%	0.02%	0.0%
PFBC	A	0.0%	0.25%	0.0%
PHIN	A	0.16%	0.24%	0.16%
PINC	B	0.21%	0.18%	0.18%
PLAB	D	0.07%	0.17%	0.07%
PLUS	F	0.13%	0.18%	0.13%
PPC	B	0.15%	0.2%	0.15%
PR	C	0.07%	0.16%	0.07%
PRDO	B	0.08%	0.34%	0.08%
PRK	A	0.09%	0.05%	0.05%
PRLB	B	0.03%	0.03%	0.03%
PSMT	D	0.17%	0.08%	0.08%
PSTG	F	0.06%	0.12%	0.06%
PUMP	F	0.04%	0.14%	0.04%
RCL	A	0.43%	0.12%	0.12%
RDN	C	0.24%	0.21%	0.21%
RES	F	0.04%	0.07%	0.04%
REVG	A	0.07%	0.18%	0.07%
REX	C	0.0%	0.11%	0.0%
RGP	F	0.01%	0.02%	0.01%
RNR	D	0.13%	0.06%	0.06%
ROCK	C	0.09%	0.12%	0.09%
RRC	B	0.13%	0.03%	0.03%
SBSI	B	0.02%	0.11%	0.02%
SCHL	F	0.06%	0.11%	0.06%
SCS	A	0.15%	0.32%	0.15%
SCSC	B	0.09%	0.15%	0.09%
SCVL	F	0.03%	0.05%	0.03%
SFNC	B	0.17%	0.08%	0.08%
SHOO	D	0.17%	0.04%	0.04%
SIG	B	0.22%	0.3%	0.22%
SKYW	A	0.24%	0.17%	0.17%
SLVM	B	0.27%	0.15%	0.15%
SN	C	0.15%	0.05%	0.05%
SPOT	A	0.17%	0.2%	0.17%
SRCE	A	0.02%	0.28%	0.02%
SSD	D	0.17%	0.12%	0.12%
STBA	A	0.06%	0.16%	0.06%
STNG	F	0.03%	0.18%	0.03%
STRA	C	0.09%	0.03%	0.03%
STRL	B	0.1%	0.07%	0.07%
SUPN	B	0.05%	0.05%	0.05%
SXC	A	0.05%	0.16%	0.05%
SXI	A	0.07%	0.04%	0.04%
TBBK	A	0.0%	0.16%	0.0%
TCBI	A	0.14%	0.05%	0.05%
TCBK	A	0.02%	0.03%	0.02%
TEX	D	0.2%	0.18%	0.18%
TILE	A	0.07%	0.18%	0.07%
TNC	F	0.06%	0.04%	0.04%
TNL	A	0.14%	0.15%	0.14%
TPC	C	0.22%	0.26%	0.22%
TPL	A	0.17%	0.03%	0.03%
UPBD	B	0.13%	0.08%	0.08%
URBN	C	0.17%	0.12%	0.12%
UTHR	B	0.32%	0.37%	0.32%
VCTR	B	0.04%	0.18%	0.04%
VIRT	A	0.21%	0.23%	0.21%
VNT	C	0.17%	0.13%	0.13%
WABC	A	0.02%	0.14%	0.02%
WEX	F	0.13%	0.04%	0.04%
WFRD	F	0.04%	0.22%	0.04%
WGO	B	0.17%	0.04%	0.04%
WHD	B	0.06%	0.1%	0.06%
WMK	B	0.17%	0.16%	0.16%
WMS	F	0.15%	0.07%	0.07%
WNC	C	0.08%	0.03%	0.03%
WSFS	A	0.1%	0.24%	0.1%
WTTR	A	0.03%	0.23%	0.03%
ZEUS	C	0.02%	0.12%	0.02%
ZIMV	F	0.03%	0.07%	0.03%
ZUMZ	D	0.04%	0.05%	0.04%

FNDA Overweight 771 Positions Relative to VFMF

Symbol	Grade	Weight
SATS	D	0.46%
UAL	A	0.39%
ANF	C	0.32%
FICO	A	0.32%
SF	A	0.31%
XPO	B	0.3%
HRI	B	0.3%
COIN	A	0.3%
WAL	A	0.29%
FLS	A	0.29%
TXRH	A	0.28%
VMI	B	0.26%
PLXS	B	0.26%
VSCO	A	0.26%
KMPR	A	0.26%
GME	C	0.26%
CLH	C	0.26%
MAC	A	0.26%
SAIA	B	0.25%
OHI	C	0.25%
PRG	A	0.25%
WBS	A	0.25%
GHC	A	0.24%
BWXT	A	0.24%
RXO	C	0.24%
WWD	B	0.24%
SWX	A	0.24%
GVA	A	0.24%
HEI	A	0.23%
WH	A	0.23%
SEM	B	0.23%
FNB	A	0.23%
CFR	A	0.23%
CXW	B	0.23%
DY	C	0.23%
TTMI	B	0.23%
INCY	B	0.23%
PNFP	A	0.23%
VRT	A	0.23%
KFY	B	0.22%
AVNT	A	0.22%
UNIT	B	0.22%
ESI	B	0.22%
DEI	B	0.22%
KRC	C	0.22%
TTEK	D	0.22%
DTM	A	0.22%
FRT	B	0.22%
PB	A	0.22%
BKH	A	0.22%
GATX	A	0.22%
VLTO	D	0.22%
CADE	A	0.22%
CWK	B	0.22%
WTFC	A	0.22%
AWI	A	0.22%
BHE	B	0.22%
MC	B	0.21%
ZM	B	0.21%
SCCO	F	0.21%
HIW	D	0.21%
SPB	C	0.21%
UAA	B	0.21%
FDS	A	0.2%
BIO	C	0.2%
EXEL	B	0.2%
GBX	A	0.2%
IDA	A	0.2%
FHB	A	0.2%
NVST	C	0.2%
KNF	B	0.2%
OZK	A	0.2%
LITE	A	0.2%
VLY	A	0.2%
AGNC	C	0.19%
ELAN	C	0.19%
ACA	B	0.19%
PNM	B	0.19%
MAT	C	0.19%
OGS	A	0.19%
ENVA	A	0.19%
FCN	F	0.19%
CCS	F	0.19%
ASH	F	0.19%
SMG	D	0.19%
UBSI	A	0.19%
ELS	B	0.19%
CUZ	B	0.19%
LCII	D	0.19%
Z	A	0.19%
TRN	A	0.19%
COLB	A	0.19%
HLI	A	0.19%
FUL	F	0.18%
COLM	B	0.18%
ACIW	B	0.18%
LFUS	D	0.18%
COLD	F	0.18%
BDC	B	0.18%
NYT	D	0.18%
PIPR	A	0.18%
DBRG	D	0.18%
SR	A	0.18%
STC	A	0.18%
SBRA	C	0.18%
MTCH	F	0.18%
RPRX	F	0.18%
SBH	A	0.18%
APLE	B	0.17%
PCH	D	0.17%
ENTG	F	0.17%
MASI	A	0.17%
NJR	A	0.17%
VSTS	F	0.17%
CSGP	F	0.17%
ONB	B	0.17%
AMH	C	0.17%
CUBE	C	0.17%
TWLO	A	0.17%
HXL	F	0.17%
UNF	A	0.17%
PDCO	F	0.17%
UMBF	A	0.17%
EEFT	C	0.17%
LNW	D	0.17%
APP	A	0.17%
GBCI	A	0.17%
SPR	D	0.17%
SUM	B	0.17%
VYX	C	0.16%
LGIH	F	0.16%
PTEN	D	0.16%
WYNN	D	0.16%
GEF	A	0.16%
JBLU	C	0.16%
NOW	B	0.16%
WD	D	0.16%
SLG	B	0.16%
WAFD	A	0.16%
SITE	D	0.16%
B	A	0.16%
OLLI	D	0.16%
PFSI	D	0.16%
WTM	A	0.16%
LAUR	A	0.16%
NWE	C	0.16%
GTES	B	0.16%
ALE	A	0.16%
VVV	B	0.16%
AGR	A	0.15%
SKY	A	0.15%
THS	F	0.15%
CDP	C	0.15%
VEEV	C	0.15%
SXT	C	0.15%
CGNX	D	0.15%
GMED	A	0.15%
NNN	D	0.15%
ARES	B	0.15%
CBRL	C	0.15%
UVV	B	0.15%
EBS	C	0.15%
CHDN	C	0.15%
OUT	C	0.15%
SLAB	F	0.15%
APAM	A	0.15%
RH	C	0.15%
NOMD	D	0.15%
HE	D	0.15%
MTX	B	0.15%
SIGI	A	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	F	0.14%
WTS	A	0.14%
AROC	A	0.14%
TROX	F	0.14%
SLGN	B	0.14%
ZD	B	0.14%
ICUI	D	0.14%
FULT	A	0.14%
RYI	B	0.14%
APG	C	0.14%
BOH	A	0.14%
RYN	D	0.14%
BXMT	D	0.14%
YELP	C	0.14%
MKTX	C	0.14%
SAH	A	0.14%
ROL	A	0.14%
TPG	B	0.14%
PLTR	A	0.14%
CACC	D	0.14%
NEU	C	0.14%
WEN	C	0.14%
DORM	B	0.13%
FELE	B	0.13%
DIOD	F	0.13%
IOSP	C	0.13%
RIG	D	0.13%
AMED	F	0.13%
SMTC	C	0.13%
ABNB	C	0.13%
LILAK	F	0.13%
IAC	D	0.13%
EPR	D	0.13%
RGLD	C	0.13%
ENSG	D	0.13%
DLB	D	0.13%
SCL	D	0.13%
EXLS	B	0.13%
CNK	A	0.13%
DBX	C	0.13%
BGC	B	0.13%
CABO	B	0.13%
H	B	0.13%
SNDR	B	0.13%
TYL	B	0.13%
TDC	F	0.13%
IPGP	D	0.13%
JBGS	D	0.13%
VSTO	A	0.13%
PSN	C	0.12%
DHC	F	0.12%
RLJ	C	0.12%
CHX	C	0.12%
HTH	B	0.12%
DRH	B	0.12%
NGVT	B	0.12%
ETSY	D	0.12%
AIR	B	0.12%
VRSN	D	0.12%
ECPG	A	0.12%
CRL	D	0.12%
MWA	A	0.12%
JBT	B	0.12%
HELE	C	0.12%
HOPE	A	0.12%
BFAM	F	0.12%
DNB	B	0.12%
JAZZ	A	0.12%
KAR	A	0.12%
HLF	C	0.12%
PTC	B	0.12%
RLI	A	0.12%
ITGR	B	0.12%
AMN	F	0.12%
WTRG	C	0.12%
HPP	F	0.12%
TREX	C	0.12%
MSM	C	0.12%
MMS	D	0.12%
BANR	A	0.12%
FND	F	0.12%
ENOV	C	0.11%
SSB	A	0.11%
VIAV	B	0.11%
TNET	F	0.11%
LANC	D	0.11%
MORN	B	0.11%
IBKR	A	0.11%
TECH	D	0.11%
XHR	B	0.11%
HGV	B	0.11%
CHE	D	0.11%
SVC	F	0.11%
WSC	F	0.11%
STAG	D	0.11%
PRIM	A	0.11%
FSS	C	0.11%
TRMK	A	0.11%
PECO	A	0.11%
MANH	D	0.11%
PPBI	A	0.11%
CVBF	A	0.11%
FHI	A	0.11%
MYRG	B	0.11%
COMP	B	0.11%
KALU	C	0.11%
AEIS	B	0.11%
FSLR	F	0.11%
FFBC	A	0.11%
PLNT	A	0.11%
AXS	A	0.11%
WDAY	B	0.11%
LBRDK	B	0.1%
SAM	B	0.1%
ORA	B	0.1%
BCPC	B	0.1%
CORT	B	0.1%
ICFI	F	0.1%
OTTR	C	0.1%
PBI	C	0.1%
UE	B	0.1%
UCB	A	0.1%
JACK	D	0.1%
PINS	F	0.1%
IBP	F	0.1%
CPNG	C	0.1%
NTCT	B	0.1%
HI	C	0.1%
BRKR	F	0.1%
HTLF	A	0.1%
HOMB	A	0.1%
SKT	A	0.1%
PFS	A	0.1%
KRG	B	0.1%
VSH	F	0.1%
PAYC	B	0.1%
BXC	B	0.1%
FR	D	0.1%
PBH	A	0.1%
SASR	A	0.1%
ACHC	F	0.1%
WSBC	A	0.1%
SHO	D	0.1%
HL	D	0.09%
CWEN	D	0.09%
WOR	F	0.09%
NHI	D	0.09%
ALEX	B	0.09%
OPCH	F	0.09%
ESE	A	0.09%
AIN	C	0.09%
POWI	D	0.09%
OSIS	A	0.09%
FTDR	B	0.09%
RBC	A	0.09%
RNG	B	0.09%
WWW	A	0.09%
NPO	A	0.09%
ROKU	D	0.09%
MMSI	A	0.09%
MGEE	A	0.09%
FFIN	A	0.09%
BOOT	C	0.09%
MGRC	B	0.09%
TW	B	0.09%
ESRT	D	0.09%
PDM	D	0.09%
RHP	B	0.09%
IBTX	A	0.09%
SIRI	C	0.09%
VC	F	0.09%
MSA	D	0.09%
FIVE	F	0.09%
AM	A	0.09%
ABR	C	0.09%
ENR	A	0.09%
OLED	F	0.08%
BKD	F	0.08%
PEB	F	0.08%
ALGT	A	0.08%
KLG	F	0.08%
CWT	C	0.08%
TTD	B	0.08%
CSWI	B	0.08%
NSP	F	0.08%
KN	B	0.08%
ARI	D	0.08%
SYNA	C	0.08%
GNL	D	0.08%
AAON	A	0.08%
PTON	B	0.08%
IART	C	0.08%
ATI	D	0.08%
IRDM	C	0.08%
ALIT	C	0.08%
CSGS	A	0.08%
UCTT	F	0.08%
SAFT	A	0.08%
AZEK	B	0.08%
RAMP	C	0.08%
BMRN	F	0.08%
NWN	A	0.08%
EGP	D	0.08%
KAI	A	0.08%
CBZ	B	0.08%
OII	B	0.08%
TALO	C	0.08%
PMT	D	0.08%
SMCI	F	0.08%
DXCM	C	0.08%
KW	C	0.08%
AKR	B	0.08%
CHH	A	0.08%
OMCL	C	0.08%
HAE	A	0.08%
NWBI	A	0.08%
LXP	D	0.08%
RRR	D	0.08%
TOWN	A	0.08%
CCOI	B	0.08%
BLMN	F	0.08%
CRK	A	0.07%
GWRE	B	0.07%
PLAY	C	0.07%
AAT	C	0.07%
PJT	A	0.07%
CUBI	B	0.07%
IRT	A	0.07%
ERIE	F	0.07%
BMI	B	0.07%
HHH	B	0.07%
ADC	A	0.07%
KOP	C	0.07%
BRC	C	0.07%
EXPI	C	0.07%
CDE	D	0.07%
EBC	A	0.07%
AUB	A	0.07%
HQY	A	0.07%
OPEN	F	0.07%
PTVE	C	0.07%
MRTN	C	0.07%
CARG	A	0.07%
NNI	C	0.07%
YETI	F	0.07%
QLYS	C	0.07%
EXPO	D	0.07%
REXR	F	0.07%
ONTO	F	0.07%
ZWS	B	0.07%
TRIP	D	0.07%
GO	C	0.07%
LADR	A	0.07%
MRCY	B	0.07%
BDN	D	0.07%
EYE	C	0.07%
ALG	B	0.07%
CAKE	A	0.07%
THRM	F	0.07%
HMN	A	0.07%
KOS	D	0.07%
ROG	D	0.07%
NBTB	A	0.07%
JJSF	C	0.07%
ROIC	A	0.07%
CXT	D	0.07%
ROAD	B	0.07%
CNS	B	0.07%
MTRN	C	0.07%
CWST	A	0.06%
GTLS	A	0.06%
ADUS	D	0.06%
ENV	B	0.06%
LYFT	B	0.06%
HCSG	B	0.06%
MMI	A	0.06%
PRGS	B	0.06%
KTOS	B	0.06%
CNMD	C	0.06%
BLKB	D	0.06%
OEC	C	0.06%
REYN	D	0.06%
SEB	F	0.06%
ECVT	C	0.06%
GES	F	0.06%
WDFC	A	0.06%
BNL	D	0.06%
GPRE	F	0.06%
EAF	B	0.06%
MELI	D	0.06%
CWH	B	0.06%
SONO	C	0.06%
GCI	D	0.06%
DFIN	D	0.06%
SABR	B	0.06%
TDOC	C	0.06%
ATSG	A	0.06%
BSY	D	0.06%
MODG	F	0.06%
AWR	A	0.06%
LGF.A	F	0.06%
PGRE	C	0.06%
FORM	F	0.06%
EMBC	C	0.06%
TRS	D	0.06%
HURN	B	0.06%
VSAT	F	0.06%
VBTX	A	0.06%
NSA	C	0.06%
CPK	A	0.06%
KWR	C	0.06%
ELME	D	0.06%
AMRK	F	0.06%
GFS	C	0.06%
HLX	D	0.06%
NBIX	D	0.06%
UIS	B	0.05%
LIVN	C	0.05%
MATV	F	0.05%
VRTS	A	0.05%
AAL	B	0.05%
NEOG	D	0.05%
TRNO	D	0.05%
TOST	A	0.05%
RNST	A	0.05%
HZO	F	0.05%
VRE	A	0.05%
AY	A	0.05%
BRBR	A	0.05%
CODI	A	0.05%
CNDT	B	0.05%
SJW	F	0.05%
GTN	F	0.05%
AZTA	F	0.05%
ALK	A	0.05%
EPRT	C	0.05%
CNXC	F	0.05%
AMCX	C	0.05%
NBR	D	0.05%
HAYW	A	0.05%
VRRM	D	0.05%
CMCO	C	0.05%
ICHR	C	0.05%
COHU	D	0.05%
CCO	D	0.05%
FBNC	A	0.05%
KLIC	C	0.05%
NOVT	D	0.05%
CVI	D	0.05%
CHEF	B	0.05%
DEA	D	0.05%
SMPL	B	0.05%
COTY	F	0.05%
FOXF	F	0.05%
AXL	C	0.05%
HAIN	F	0.05%
SNBR	F	0.05%
ESGR	B	0.05%
SENEA	A	0.04%
PRA	A	0.04%
ASTH	F	0.04%
NVRI	F	0.04%
GCO	B	0.04%
SFL	F	0.04%
CNSL	A	0.04%
ACLS	F	0.04%
VTLE	C	0.04%
ASIX	B	0.04%
SWBI	D	0.04%
CPS	C	0.04%
FBRT	C	0.04%
PARR	D	0.04%
SGRY	F	0.04%
BGS	F	0.04%
WING	F	0.04%
PEN	B	0.04%
SFBS	A	0.04%
IVT	B	0.04%
CMPR	F	0.04%
RGEN	D	0.04%
INVA	C	0.04%
CSTM	F	0.04%
BZH	B	0.04%
PZZA	D	0.04%
TSE	F	0.04%
GLNG	C	0.04%
NVEE	F	0.04%
CRGY	A	0.04%
EXAS	F	0.04%
AGRO	A	0.04%
LTC	B	0.04%
LKFN	A	0.04%
ENPH	F	0.04%
PRAA	C	0.04%
LNN	B	0.04%
FCPT	C	0.04%
W	F	0.04%
SNAP	D	0.04%
RDUS	C	0.04%
JBSS	F	0.04%
HLIO	B	0.04%
ZI	D	0.04%
LSCC	D	0.04%
PODD	A	0.04%
HTLD	B	0.04%
HMST	D	0.03%
WOOF	D	0.03%
USNA	C	0.03%
STNE	F	0.03%
EVTC	C	0.03%
RWT	D	0.03%
TBI	F	0.03%
UVE	A	0.03%
CNNE	B	0.03%
XP	F	0.03%
PEGA	B	0.03%
IHRT	B	0.03%
WRLD	D	0.03%
TKO	C	0.03%
SBLK	D	0.03%
PAGS	F	0.03%
SBCF	A	0.03%
CVGW	C	0.03%
PRVA	B	0.03%
MXL	C	0.03%
CTRE	D	0.03%
GDOT	C	0.03%
NUS	C	0.03%
ILPT	F	0.03%
MYGN	F	0.03%
RC	F	0.03%
THRY	F	0.03%
RGR	F	0.03%
VRNT	D	0.03%
GLDD	B	0.03%
DT	C	0.03%
AMC	C	0.03%
MP	B	0.03%
SNOW	C	0.03%
VIR	C	0.03%
RMBS	C	0.03%
CBL	B	0.03%
RDNT	B	0.03%
LEVI	F	0.03%
VAL	F	0.03%
CFFN	A	0.03%
LYV	A	0.03%
CARS	B	0.03%
MNRO	B	0.03%
SSTK	F	0.03%
TRTX	B	0.03%
CMTG	D	0.03%
STEP	A	0.03%
SPSC	D	0.03%
VSEC	B	0.03%
SMP	C	0.03%
USM	B	0.03%
RKT	F	0.03%
ASTE	B	0.03%
ALRM	C	0.03%
EGBN	A	0.03%
IPAR	C	0.03%
GLOB	C	0.03%
AMBC	C	0.02%
NPK	B	0.02%
FIZZ	B	0.02%
ARKO	D	0.02%
BRSP	B	0.02%
KRNY	A	0.02%
DHIL	A	0.02%
ARCO	D	0.02%
DBI	F	0.02%
OPK	A	0.02%
CLVT	F	0.02%
CTRN	D	0.02%
RYAM	B	0.02%
DAY	B	0.02%
CCSI	B	0.02%
HASI	F	0.02%
CMP	B	0.02%
CSR	A	0.02%
TEN	F	0.02%
RUN	F	0.02%
IRWD	D	0.02%
AGL	F	0.02%
AVNS	F	0.02%
EDR	A	0.02%
CSV	B	0.02%
EBF	D	0.02%
WOW	C	0.02%
KREF	D	0.02%
MTW	C	0.02%
UFCS	A	0.02%
WMG	B	0.02%
WASH	A	0.02%
AVO	B	0.02%
DCO	A	0.02%
CLB	C	0.02%
BANF	A	0.02%
BJRI	A	0.02%
EVRI	A	0.02%
UTL	C	0.02%
MERC	F	0.02%
TMP	A	0.02%
CLOV	C	0.02%
SHYF	C	0.02%
PFC	A	0.02%
XPRO	F	0.02%
BRKL	A	0.02%
WOLF	F	0.02%
ALTO	F	0.02%
MATW	C	0.02%
SHEN	F	0.02%
OKTA	D	0.02%
KNSL	C	0.02%
DAC	B	0.02%
CMRE	B	0.02%
GDEN	B	0.02%
CALX	F	0.02%
OCFC	A	0.02%
SFIX	C	0.02%
IIIN	C	0.01%
VTOL	B	0.01%
SNEX	A	0.01%
NBHC	A	0.01%
FBK	A	0.01%
LGND	B	0.01%
LESL	C	0.01%
RILY	F	0.01%
HLNE	A	0.01%
AVD	C	0.01%
PKST	F	0.01%
GPRO	F	0.01%
KE	C	0.01%
GSL	F	0.01%
PETS	C	0.01%
AMSF	A	0.01%
MODV	C	0.01%
BMBL	C	0.01%
NU	C	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	D	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%
TITN	C	0.01%
CLDT	C	0.01%
PLCE	C	0.01%
PLOW	D	0.01%
USPH	C	0.01%
MEI	F	0.01%
GTY	C	0.01%
CHGG	D	0.0%
MGPI	D	0.0%
PCRX	C	0.0%
GIC	F	0.0%
SEG	B	0.0%
ALGM	F	0.0%
TWI	F	0.0%
HY	F	0.0%
EVH	F	0.0%
CRNC	D	0.0%
WTI	F	0.0%
GSM	D	0.0%
HAYN	A	0.0%
AMPH	F	0.0%
THR	C	0.0%
DNUT	D	0.0%
INMD	C	0.0%
SPWH	F	0.0%
MSBI	A	0.0%
CMTL	F	0.0%
ONEW	F	0.0%
TTEC	F	0.0%
AOSL	F	0.0%
LXU	C	0.0%
AMRC	F	0.0%
NIC	A	0.0%
IIPR	F	0.0%
SEDG	F	0.0%

FNDA Underweight 245 Positions Relative to VFMF

Symbol	Grade	Weight
WFC	A	-1.25%
AFL	C	-1.08%
AIG	B	-1.02%
BK	A	-0.98%
ABBV	F	-0.93%
GOOG	B	-0.9%
MMM	D	-0.9%
VLO	C	-0.85%
MPC	D	-0.83%
QCOM	F	-0.82%
HCA	D	-0.82%
AXP	A	-0.82%
META	C	-0.82%
PM	A	-0.81%
MO	A	-0.78%
AMAT	F	-0.78%
WMT	A	-0.78%
T	A	-0.77%
TMUS	A	-0.75%
KR	B	-0.73%
PHM	D	-0.72%
JPM	A	-0.72%
MLI	B	-0.71%
MCK	A	-0.71%
MTG	C	-0.71%
SYF	A	-0.71%
HIG	C	-0.7%
BPOP	C	-0.67%
TGT	D	-0.65%
LMT	D	-0.64%
NVDA	B	-0.63%
IBM	D	-0.61%
FANG	D	-0.6%
EWBC	A	-0.59%
KMB	C	-0.59%
CFG	A	-0.57%
FDX	A	-0.54%
CAH	B	-0.53%
COST	B	-0.52%
BKNG	A	-0.52%
VZ	C	-0.52%
KLAC	F	-0.52%
BCC	B	-0.52%
EOG	A	-0.51%
FI	A	-0.51%
CI	D	-0.5%
GOOGL	B	-0.5%
ANET	C	-0.5%
CAT	B	-0.48%
XOM	B	-0.47%
OMF	A	-0.46%
MRK	F	-0.46%
CL	D	-0.46%
COLL	F	-0.46%
ORI	A	-0.45%
GM	A	-0.44%
TT	A	-0.44%
OC	A	-0.44%
GILD	B	-0.43%
AZO	C	-0.43%
TJX	A	-0.42%
SLM	A	-0.41%
CNO	A	-0.4%
PVH	C	-0.39%
FITB	A	-0.39%
AMAL	B	-0.39%
JNJ	D	-0.38%
UFPI	C	-0.37%
RTX	D	-0.36%
NWS	A	-0.36%
INGR	B	-0.35%
CBOE	D	-0.34%
WRB	A	-0.33%
CVX	A	-0.33%
AMG	A	-0.32%
ALSN	B	-0.3%
ACT	C	-0.29%
PRI	A	-0.28%
WSM	F	-0.28%
UNM	A	-0.28%
TK	D	-0.27%
PSX	C	-0.27%
FCX	F	-0.26%
AYI	A	-0.26%
DHI	D	-0.26%
SKX	D	-0.26%
TOL	B	-0.25%
JBL	C	-0.24%
ASO	F	-0.24%
NSIT	F	-0.24%
CPAY	A	-0.23%
STT	A	-0.23%
DELL	C	-0.23%
FNF	C	-0.23%
EME	B	-0.22%
M	C	-0.22%
MHK	D	-0.22%
MBIN	D	-0.22%
COP	C	-0.22%
GNW	A	-0.21%
SIGA	F	-0.21%
LPX	A	-0.21%
THO	B	-0.21%
THC	C	-0.2%
EQH	B	-0.2%
ASC	F	-0.2%
PGR	B	-0.2%
JEF	A	-0.19%
AMRX	C	-0.19%
RL	B	-0.19%
HPQ	B	-0.19%
PKG	B	-0.19%
CRM	A	-0.19%
LEN	D	-0.19%
NVR	D	-0.18%
STLD	B	-0.18%
BELFB	C	-0.18%
IESC	B	-0.18%
TMHC	B	-0.18%
BLX	A	-0.18%
CTRA	A	-0.17%
URI	B	-0.17%
AMP	A	-0.17%
NTAP	D	-0.17%
COR	B	-0.17%
R	A	-0.16%
DECK	A	-0.16%
CF	A	-0.16%
IDT	B	-0.16%
BG	D	-0.16%
KD	A	-0.16%
DVA	C	-0.16%
BAC	A	-0.16%
KBH	D	-0.16%
SFM	A	-0.16%
CRBG	B	-0.15%
PFGC	B	-0.15%
RMD	C	-0.15%
PYPL	A	-0.15%
SNA	A	-0.15%
DKS	D	-0.15%
LDOS	C	-0.15%
DAKT	A	-0.14%
AN	D	-0.14%
TNK	F	-0.14%
TPR	A	-0.14%
BBW	B	-0.14%
MUSA	A	-0.14%
CMC	B	-0.14%
LNTH	F	-0.14%
PCAR	B	-0.13%
SPOK	B	-0.13%
NUE	D	-0.13%
MUR	F	-0.13%
HBI	A	-0.13%
EXPE	A	-0.13%
SM	C	-0.13%
TPH	D	-0.13%
PTGX	D	-0.12%
KNTK	A	-0.12%
WCC	A	-0.12%
CPRX	C	-0.12%
CTSH	B	-0.12%
UA	B	-0.12%
CYH	F	-0.12%
OGN	F	-0.12%
IMMR	F	-0.12%
BLDR	D	-0.12%
SPTN	F	-0.11%
PH	A	-0.11%
EXP	B	-0.11%
RS	B	-0.11%
GPC	D	-0.1%
DOX	D	-0.1%
QCRH	A	-0.1%
UHS	D	-0.1%
JXN	B	-0.1%
VERX	A	-0.1%
LYB	F	-0.1%
SANM	B	-0.1%
CDNA	D	-0.1%
GRND	B	-0.09%
ARW	D	-0.09%
SWKS	F	-0.09%
NAVI	D	-0.09%
GPOR	A	-0.09%
WLY	B	-0.09%
GAP	C	-0.08%
SD	F	-0.08%
HSTM	B	-0.08%
CACI	C	-0.07%
OVV	C	-0.07%
USAP	B	-0.07%
DESP	A	-0.07%
EBAY	D	-0.07%
CTAS	B	-0.07%
PLPC	B	-0.07%
HIMS	C	-0.07%
CG	B	-0.07%
LEN	D	-0.07%
VFC	B	-0.07%
MTH	D	-0.07%
CSL	B	-0.07%
UTI	A	-0.06%
GOGL	C	-0.06%
C	A	-0.06%
FLO	D	-0.06%
JILL	C	-0.06%
WU	F	-0.06%
BWA	A	-0.06%
AMZN	B	-0.06%
PFG	C	-0.06%
NAT	F	-0.06%
OSUR	F	-0.05%
GRNT	B	-0.05%
UFPT	C	-0.05%
BBY	C	-0.05%
BJ	B	-0.05%
MET	A	-0.05%
BTU	B	-0.05%
CASY	B	-0.05%
YOU	D	-0.05%
ADMA	C	-0.05%
LQDT	A	-0.05%
OSBC	A	-0.05%
LYTS	A	-0.05%
SMLR	B	-0.04%
STGW	B	-0.04%
MCRI	A	-0.04%
NSSC	F	-0.04%
NXST	D	-0.04%
VTRS	A	-0.04%
PRMW	C	-0.04%
HPE	B	-0.04%
ATEN	A	-0.03%
GPI	A	-0.03%
GPK	D	-0.03%
UVSP	A	-0.03%
BERY	D	-0.03%
INGN	B	-0.02%
VRA	D	-0.02%
MAN	F	-0.02%
FFIV	B	-0.02%
SB	F	-0.02%
MBWM	A	-0.02%