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

$59.10

Average Daily Volume

244,114

Number of Holdings ^*

995

* 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

$130.73

Average Daily Volume

8,630

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	VFMF
30 Days	3.66%	3.44%
60 Days	8.37%	9.44%
90 Days	9.25%	8.25%
12 Months	27.41%	31.81%

225 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in VFMF	Overlap
AAL	D	0.04%	0.2%	0.04%
ACCO	C	0.04%	0.08%	0.04%
AEO	C	0.12%	0.14%	0.12%
AGM	D	0.03%	0.07%	0.03%
AGO	B	0.15%	0.19%	0.15%
AGX	A	0.04%	0.1%	0.04%
AHCO	D	0.03%	0.08%	0.03%
AIT	B	0.24%	0.17%	0.17%
ALKS	B	0.02%	0.04%	0.02%
AMKR	F	0.21%	0.3%	0.21%
AMRK	C	0.08%	0.03%	0.03%
AMSF	B	0.01%	0.05%	0.01%
AMWD	C	0.13%	0.19%	0.13%
ANDE	D	0.13%	0.37%	0.13%
APG	F	0.13%	0.06%	0.06%
APO	A	0.13%	0.78%	0.13%
APOG	B	0.12%	0.09%	0.09%
ARCB	F	0.19%	0.09%	0.09%
ATGE	D	0.17%	0.19%	0.17%
ATKR	F	0.12%	0.22%	0.12%
AX	D	0.09%	0.2%	0.09%
AXL	F	0.06%	0.07%	0.06%
AZZ	B	0.1%	0.11%	0.1%
BBSI	B	0.02%	0.07%	0.02%
BHLB	D	0.0%	0.07%	0.0%
BKE	B	0.09%	0.05%	0.05%
BKU	D	0.26%	0.04%	0.04%
BLD	D	0.13%	0.2%	0.13%
BOKF	B	0.1%	0.09%	0.09%
BRKL	D	0.02%	0.04%	0.02%
BRY	F	0.02%	0.11%	0.02%
BUSE	D	0.06%	0.09%	0.06%
BV	A	0.05%	0.15%	0.05%
BXC	D	0.09%	0.1%	0.09%
BYD	B	0.2%	0.03%	0.03%
CACC	F	0.15%	0.2%	0.15%
CAL	F	0.07%	0.23%	0.07%
CALM	A	0.17%	0.17%	0.17%
CASH	C	0.06%	0.2%	0.06%
CATY	B	0.14%	0.21%	0.14%
CBT	B	0.23%	0.05%	0.05%
CCRN	F	0.01%	0.03%	0.01%
CEIX	B	0.13%	0.12%	0.12%
CENTA	F	0.09%	0.21%	0.09%
CHCO	D	0.04%	0.13%	0.04%
CHE	D	0.12%	0.04%	0.04%
CHRD	F	0.12%	0.21%	0.12%
CIVI	F	0.11%	0.09%	0.09%
CLW	F	0.03%	0.17%	0.03%
CNA	D	0.07%	0.07%	0.07%
CNM	F	0.13%	0.09%	0.09%
CNOB	B	0.02%	0.15%	0.02%
CNX	A	0.15%	0.09%	0.09%
CNXN	C	0.09%	0.13%	0.09%
COKE	C	0.15%	0.1%	0.1%
COOP	B	0.21%	0.17%	0.17%
CPF	C	0.03%	0.2%	0.03%
CR	A	0.21%	0.16%	0.16%
CRC	B	0.17%	0.17%	0.17%
CRVL	C	0.0%	0.07%	0.0%
CSTM	F	0.06%	0.12%	0.06%
CTS	B	0.05%	0.04%	0.04%
CVBF	B	0.09%	0.09%	0.09%
CVCO	C	0.14%	0.18%	0.14%
CVLT	B	0.13%	0.12%	0.12%
DBI	F	0.02%	0.03%	0.02%
DBX	C	0.13%	0.21%	0.13%
DDS	D	0.11%	0.04%	0.04%
DHT	B	0.04%	0.18%	0.04%
DLX	F	0.06%	0.17%	0.06%
DNOW	F	0.13%	0.14%	0.13%
DOLE	C	0.09%	0.05%	0.05%
DXPE	C	0.03%	0.09%	0.03%
EAT	A	0.13%	0.29%	0.13%
EIG	A	0.09%	0.34%	0.09%
ENS	B	0.21%	0.16%	0.16%
EPAC	A	0.05%	0.03%	0.03%
ESAB	C	0.15%	0.14%	0.14%
ESGR	C	0.06%	0.19%	0.06%
EXEL	B	0.15%	0.1%	0.1%
FBP	B	0.06%	0.33%	0.06%
FCF	D	0.06%	0.14%	0.06%
FELE	C	0.13%	0.03%	0.03%
FIX	A	0.23%	0.14%	0.14%
FLWS	F	0.01%	0.13%	0.01%
FTI	B	0.12%	0.15%	0.12%
FULT	D	0.12%	0.34%	0.12%
GES	F	0.07%	0.07%	0.07%
GFF	C	0.09%	0.3%	0.09%
GIII	C	0.18%	0.4%	0.18%
GMS	B	0.2%	0.2%	0.2%
GNK	D	0.02%	0.09%	0.02%
GOLF	F	0.07%	0.04%	0.04%
GRBK	C	0.06%	0.07%	0.06%
HAFC	D	0.02%	0.1%	0.02%
HCC	C	0.27%	0.16%	0.16%
HEES	D	0.1%	0.04%	0.04%
HELE	D	0.12%	0.05%	0.05%
HNI	B	0.17%	0.04%	0.04%
HOV	D	0.01%	0.03%	0.01%
HP	D	0.17%	0.24%	0.17%
HRB	C	0.14%	0.45%	0.14%
HVT	F	0.03%	0.07%	0.03%
HWKN	B	0.08%	0.15%	0.08%
IBOC	D	0.1%	0.25%	0.1%
IDCC	A	0.11%	0.07%	0.07%
IIIN	F	0.0%	0.09%	0.0%
IMKTA	F	0.19%	0.18%	0.18%
INMD	F	0.0%	0.03%	0.0%
INSW	B	0.05%	0.15%	0.05%
JACK	F	0.09%	0.03%	0.03%
JAZZ	F	0.13%	0.02%	0.02%
JELD	D	0.19%	0.13%	0.13%
JWN	D	0.12%	0.08%	0.08%
KELYA	D	0.09%	0.4%	0.09%
KFRC	F	0.08%	0.04%	0.04%
KMT	C	0.17%	0.03%	0.03%
KTB	C	0.14%	0.13%	0.13%
LBRT	D	0.14%	0.06%	0.06%
LOPE	D	0.2%	0.06%	0.06%
LPG	F	0.04%	0.15%	0.04%
LRN	D	0.11%	0.09%	0.09%
LZB	D	0.16%	0.07%	0.07%
MATX	C	0.04%	0.12%	0.04%
MBUU	D	0.01%	0.1%	0.01%
MCY	B	0.12%	0.08%	0.08%
MEDP	F	0.06%	0.04%	0.04%
MGY	B	0.08%	0.05%	0.05%
MHO	C	0.29%	0.21%	0.21%
MLKN	F	0.15%	0.28%	0.15%
MOG.A	C	0.21%	0.1%	0.1%
MOV	F	0.01%	0.07%	0.01%
MRC	D	0.05%	0.13%	0.05%
MSM	D	0.13%	0.23%	0.13%
MTDR	D	0.15%	0.1%	0.1%
MTUS	F	0.03%	0.1%	0.03%
MYRG	D	0.08%	0.07%	0.07%
NMIH	B	0.08%	0.29%	0.08%
NMRK	C	0.14%	0.11%	0.11%
NOG	D	0.04%	0.07%	0.04%
NR	F	0.0%	0.19%	0.0%
NTB	D	0.05%	0.26%	0.05%
NX	F	0.07%	0.06%	0.06%
OFG	D	0.04%	0.59%	0.04%
OMI	F	0.19%	0.19%	0.19%
OXM	F	0.07%	0.11%	0.07%
OZK	D	0.18%	0.16%	0.16%
PATK	A	0.2%	0.15%	0.15%
PFBC	D	0.0%	0.23%	0.0%
PFSI	C	0.19%	0.12%	0.12%
PHIN	D	0.16%	0.14%	0.14%
PLAB	D	0.07%	0.19%	0.07%
PLUS	B	0.14%	0.15%	0.14%
PPC	C	0.13%	0.05%	0.05%
PR	D	0.06%	0.22%	0.06%
PRDO	D	0.08%	0.31%	0.08%
PRLB	F	0.02%	0.03%	0.02%
PSMT	A	0.18%	0.08%	0.08%
PSTG	F	0.05%	0.05%	0.05%
PTVE	D	0.07%	0.11%	0.07%
PUMP	D	0.04%	0.18%	0.04%
QLYS	F	0.06%	0.09%	0.06%
RAMP	F	0.08%	0.11%	0.08%
RCL	B	0.35%	0.12%	0.12%
RDN	D	0.25%	0.34%	0.25%
RES	C	0.04%	0.11%	0.04%
REVG	D	0.07%	0.18%	0.07%
REX	D	0.0%	0.12%	0.0%
RGP	F	0.02%	0.06%	0.02%
RNR	A	0.14%	0.06%	0.06%
ROCK	D	0.09%	0.13%	0.09%
RRC	D	0.13%	0.16%	0.13%
SAIA	D	0.2%	0.1%	0.1%
SBSI	D	0.02%	0.07%	0.02%
SCHL	F	0.08%	0.18%	0.08%
SCS	D	0.16%	0.34%	0.16%
SCSC	D	0.09%	0.16%	0.09%
SCVL	D	0.04%	0.05%	0.04%
SFBS	B	0.03%	0.09%	0.03%
SFL	D	0.04%	0.11%	0.04%
SFNC	B	0.15%	0.07%	0.07%
SHOO	A	0.2%	0.04%	0.04%
SIG	C	0.25%	0.38%	0.25%
SKYW	B	0.19%	0.19%	0.19%
SMP	D	0.03%	0.03%	0.03%
SRCE	D	0.02%	0.23%	0.02%
SSD	B	0.18%	0.12%	0.12%
STBA	D	0.06%	0.1%	0.06%
STNG	B	0.04%	0.23%	0.04%
STRA	F	0.09%	0.04%	0.04%
STRL	B	0.09%	0.07%	0.07%
SXC	F	0.04%	0.21%	0.04%
SXI	B	0.06%	0.04%	0.04%
TBBK	A	0.0%	0.08%	0.0%
TCBI	B	0.12%	0.05%	0.05%
TEX	F	0.19%	0.21%	0.19%
THRY	F	0.03%	0.03%	0.03%
TILE	C	0.05%	0.15%	0.05%
TK	B	0.01%	0.29%	0.01%
TNC	F	0.07%	0.05%	0.05%
TNET	D	0.12%	0.13%	0.12%
TNK	C	0.02%	0.28%	0.02%
TNL	B	0.13%	0.17%	0.13%
TPC	A	0.2%	0.24%	0.2%
URBN	F	0.19%	0.15%	0.15%
UVV	D	0.16%	0.07%	0.07%
VCTR	A	0.04%	0.17%	0.04%
VGR	B	0.11%	0.19%	0.11%
VIRT	B	0.2%	0.17%	0.17%
VNT	F	0.15%	0.16%	0.15%
WABC	F	0.02%	0.15%	0.02%
WEX	C	0.15%	0.1%	0.1%
WFRD	F	0.04%	0.38%	0.04%
WGO	D	0.17%	0.1%	0.1%
WHD	A	0.05%	0.1%	0.05%
WMK	D	0.17%	0.16%	0.16%
WMS	D	0.16%	0.07%	0.07%
WNC	F	0.08%	0.12%	0.08%
WOR	F	0.09%	0.07%	0.07%
WSFS	D	0.09%	0.08%	0.08%
WTTR	B	0.03%	0.25%	0.03%
YELP	D	0.14%	0.05%	0.05%
YETI	C	0.08%	0.13%	0.08%
ZEUS	F	0.02%	0.19%	0.02%
ZIMV	F	0.03%	0.06%	0.03%

FNDA Overweight 770 Positions Relative to VFMF

Symbol	Grade	Weight
SATS	C	0.5%
ANF	D	0.36%
UTHR	C	0.31%
FICO	C	0.31%
FLS	A	0.27%
GME	D	0.27%
MAC	B	0.27%
OHI	C	0.27%
WAL	C	0.27%
UAL	A	0.27%
SLVM	C	0.26%
CRUS	D	0.26%
CLH	B	0.26%
TXRH	A	0.26%
PRG	C	0.26%
SF	A	0.26%
SWX	C	0.26%
DY	C	0.26%
KMPR	D	0.25%
WWD	C	0.25%
VLTO	A	0.25%
SPB	C	0.24%
CRS	B	0.24%
HEI	C	0.24%
BKH	C	0.24%
COIN	F	0.24%
SCCO	B	0.24%
AVNT	C	0.23%
UNIT	B	0.23%
Z	C	0.23%
BWXT	A	0.23%
CCS	C	0.23%
TTEK	A	0.23%
SMG	C	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	D	0.22%
ELAN	D	0.22%
HIW	C	0.22%
AGNC	B	0.22%
PLXS	A	0.22%
VMI	B	0.22%
KRC	C	0.22%
FCN	C	0.22%
WBS	D	0.21%
BHE	C	0.21%
ELS	D	0.21%
GEO	D	0.21%
KFY	C	0.21%
GHC	A	0.21%
HRI	B	0.21%
COLD	D	0.21%
ESI	C	0.21%
GVA	A	0.21%
DBRG	D	0.21%
CROX	C	0.21%
VSCO	C	0.21%
IDA	D	0.2%
KEX	C	0.2%
SR	D	0.2%
STC	D	0.2%
INCY	B	0.2%
SBH	B	0.2%
FDS	C	0.2%
OGS	C	0.2%
FNB	D	0.2%
ASH	F	0.2%
MAT	B	0.2%
WH	C	0.2%
VRT	B	0.2%
AWI	A	0.2%
LCII	C	0.2%
PB	D	0.2%
CUBE	C	0.2%
GATX	F	0.2%
FDP	C	0.2%
RPRX	D	0.2%
CFR	B	0.19%
FUL	F	0.19%
NYT	C	0.19%
PINC	F	0.19%
AMH	D	0.19%
SN	A	0.19%
PCH	C	0.19%
MC	B	0.19%
VSTS	D	0.19%
DTM	A	0.19%
KNF	B	0.19%
TRN	C	0.19%
SRCL	B	0.19%
CUZ	C	0.19%
WYNN	B	0.19%
LFUS	C	0.19%
SBRA	C	0.19%
ADTN	C	0.19%
CADE	B	0.19%
WTFC	B	0.19%
MTCH	B	0.19%
ENTG	D	0.19%
NVST	D	0.19%
PNM	B	0.19%
PNFP	B	0.19%
LITE	A	0.19%
SPR	D	0.19%
ZM	B	0.19%
EEFT	F	0.18%
LGIH	C	0.18%
NJR	C	0.18%
HXL	F	0.18%
ASB	D	0.18%
CSGP	F	0.18%
TTMI	D	0.18%
NWE	C	0.18%
VLY	C	0.18%
BCO	C	0.18%
NOMD	D	0.18%
PDCO	F	0.18%
MPWR	B	0.18%
HWC	D	0.18%
CBSH	D	0.18%
ACA	C	0.18%
NNN	C	0.18%
COLM	B	0.18%
BIO	B	0.18%
ESNT	A	0.18%
TROX	D	0.17%
BDC	A	0.17%
WD	C	0.17%
LNW	F	0.17%
COLB	C	0.17%
APLE	B	0.17%
AVA	D	0.17%
SVC	D	0.17%
THS	D	0.17%
RH	C	0.17%
SITE	D	0.17%
VVV	D	0.17%
FHB	D	0.17%
ALE	A	0.17%
HLI	A	0.17%
MOD	B	0.17%
ACIW	A	0.17%
CXW	F	0.17%
UNF	A	0.17%
JBLU	B	0.17%
OLLI	C	0.17%
UBSI	D	0.17%
SPOT	C	0.17%
BXMT	C	0.16%
FSLR	C	0.16%
SKY	C	0.16%
LAUR	C	0.16%
FND	C	0.16%
DASH	A	0.16%
GBX	C	0.16%
DHC	C	0.16%
SMCI	F	0.16%
ENVA	B	0.16%
SLAB	D	0.16%
OUT	C	0.16%
ACHC	F	0.16%
SLG	C	0.15%
MTX	C	0.15%
CHDN	C	0.15%
TDC	D	0.15%
IGT	F	0.15%
ONB	D	0.15%
NOW	B	0.15%
UMBF	C	0.15%
PTEN	F	0.15%
EPR	C	0.15%
CGNX	F	0.15%
SIGI	D	0.15%
NEU	F	0.15%
BFAM	C	0.15%
HE	F	0.15%
VEEV	C	0.15%
RYN	C	0.15%
FWRD	D	0.15%
WAFD	D	0.15%
SXT	C	0.15%
AGR	C	0.15%
PIPR	A	0.15%
WTM	C	0.15%
GEF	B	0.15%
ROL	C	0.15%
RGLD	C	0.14%
TYL	D	0.14%
SAH	D	0.14%
APP	A	0.14%
SLGN	B	0.14%
DLB	D	0.14%
ENSG	D	0.14%
MKTX	B	0.14%
SUM	F	0.14%
MASI	B	0.14%
WTS	C	0.14%
IAC	C	0.14%
APAM	B	0.14%
AMR	F	0.14%
ZD	D	0.14%
ICUI	B	0.14%
GBCI	B	0.14%
JBGS	C	0.14%
COMM	C	0.14%
GTES	C	0.14%
B	A	0.14%
CBRL	D	0.14%
H	B	0.14%
ARES	A	0.14%
VSTO	B	0.13%
CNK	D	0.13%
BRKR	D	0.13%
VRSN	C	0.13%
ITRI	C	0.13%
TWLO	B	0.13%
AROC	B	0.13%
TPG	A	0.13%
LILAK	D	0.13%
EBS	D	0.13%
SMTC	C	0.13%
DIOD	F	0.13%
SNDR	D	0.13%
AMN	F	0.13%
AMED	D	0.13%
WEN	B	0.13%
SCL	D	0.13%
MMS	C	0.13%
HPP	F	0.13%
ETSY	F	0.13%
GMED	B	0.13%
WDAY	D	0.12%
BOH	D	0.12%
IBP	C	0.12%
BGC	B	0.12%
CRL	F	0.12%
MANH	A	0.12%
FR	D	0.12%
EXLS	B	0.12%
PTC	B	0.12%
CHX	C	0.12%
RLI	A	0.12%
CABO	F	0.12%
ECPG	F	0.12%
ITGR	B	0.12%
TECH	D	0.12%
DRH	B	0.12%
FSS	D	0.12%
DNB	D	0.12%
STAG	D	0.12%
ABCB	C	0.12%
WTRG	D	0.12%
TPL	A	0.12%
TREX	D	0.12%
KAR	F	0.12%
IOSP	F	0.12%
OPCH	F	0.12%
AIR	C	0.12%
ABNB	D	0.12%
RLJ	D	0.12%
RIG	F	0.12%
BOOT	B	0.12%
IPGP	D	0.12%
FN	B	0.11%
NGVT	D	0.11%
FIBK	C	0.11%
FIVE	D	0.11%
HGV	F	0.11%
SHO	B	0.11%
CPNG	C	0.11%
HOPE	B	0.11%
DORM	C	0.11%
PECO	C	0.11%
MWA	A	0.11%
RYI	D	0.11%
HLF	F	0.11%
WSC	D	0.11%
XHR	A	0.11%
HTH	F	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%
ROKU	C	0.1%
NHI	C	0.1%
CBU	D	0.1%
SSB	C	0.1%
NHC	D	0.1%
AM	A	0.1%
HL	C	0.1%
NTCT	C	0.1%
ICFI	C	0.1%
MSA	F	0.1%
KALU	D	0.1%
AIN	F	0.1%
PBH	D	0.1%
PINS	D	0.1%
VIAV	C	0.1%
PLTR	A	0.1%
FFBC	D	0.1%
PPBI	D	0.1%
LANC	F	0.1%
VC	F	0.1%
CWEN	C	0.1%
BANR	B	0.1%
WWW	B	0.1%
JBT	B	0.1%
FHI	A	0.1%
ABR	C	0.1%
MORN	B	0.1%
AEIS	B	0.1%
KRG	C	0.1%
SKT	A	0.1%
ENOV	F	0.1%
DXCM	F	0.09%
RRR	D	0.09%
CDE	C	0.09%
HTLF	B	0.09%
ERIE	A	0.09%
AZEK	D	0.09%
GNL	D	0.09%
OLED	B	0.09%
POWI	F	0.09%
PRIM	A	0.09%
RBC	C	0.09%
SYNA	F	0.09%
REXR	D	0.09%
ALEX	D	0.09%
BLMN	F	0.09%
MGEE	C	0.09%
SASR	B	0.09%
ONTO	B	0.09%
WSBC	D	0.09%
TW	A	0.09%
UCTT	D	0.09%
MMSI	C	0.09%
HAE	F	0.09%
EGP	D	0.09%
BMRN	F	0.09%
OSIS	C	0.09%
PFS	D	0.09%
PMT	B	0.09%
UCBI	B	0.09%
HI	F	0.09%
NPO	C	0.09%
IBKR	A	0.09%
LXP	D	0.09%
HOMB	D	0.09%
RHP	B	0.09%
TRMK	D	0.09%
PBI	C	0.09%
PDM	C	0.09%
OTTR	F	0.09%
UE	C	0.09%
ENR	B	0.09%
ORA	C	0.09%
SAM	D	0.09%
ATI	C	0.09%
TALO	D	0.08%
NSA	D	0.08%
KN	B	0.08%
NWBI	D	0.08%
ROG	D	0.08%
LBRDK	C	0.08%
CXT	F	0.08%
LADR	D	0.08%
INDB	D	0.08%
SAFT	D	0.08%
RNG	F	0.08%
VSAT	F	0.08%
CSGS	B	0.08%
FTDR	B	0.08%
EXPO	A	0.08%
PAYC	D	0.08%
FRME	D	0.08%
ALIT	D	0.08%
TOWN	C	0.08%
CCOI	B	0.08%
CHH	A	0.08%
KOS	F	0.08%
BKD	F	0.08%
AKR	B	0.08%
ESE	C	0.08%
THRM	F	0.08%
PEB	D	0.08%
CWT	D	0.08%
CORT	B	0.08%
FFIN	D	0.08%
IBTX	B	0.08%
GO	F	0.08%
KLG	F	0.08%
ARI	F	0.08%
KW	C	0.08%
MGRC	D	0.08%
OPEN	F	0.08%
IRDM	C	0.08%
NSP	F	0.08%
NWN	D	0.08%
NNI	B	0.07%
CWH	C	0.07%
HHH	C	0.07%
FOXF	F	0.07%
AAT	C	0.07%
LGF.A	F	0.07%
CARG	C	0.07%
BNL	C	0.07%
NBTB	D	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%
HALO	D	0.07%
SABR	C	0.07%
ENPH	F	0.07%
DFIN	B	0.07%
REYN	D	0.07%
IRT	D	0.07%
GPRE	F	0.07%
BRC	C	0.07%
TTD	A	0.07%
EXPI	C	0.07%
SEB	F	0.07%
EYE	F	0.07%
ROIC	C	0.07%
ALG	F	0.07%
MRTN	F	0.07%
COTY	F	0.07%
OMCL	C	0.07%
HLX	C	0.07%
ADC	C	0.07%
CVI	D	0.07%
AAON	A	0.07%
FORM	D	0.07%
MODG	F	0.07%
CNS	C	0.07%
CBZ	F	0.07%
PRK	D	0.07%
OII	D	0.07%
CSWI	A	0.07%
KAI	C	0.07%
JJSF	C	0.07%
BDN	B	0.07%
MTRN	F	0.07%
DEA	D	0.06%
PLAY	D	0.06%
SONO	F	0.06%
HURN	D	0.06%
VBTX	C	0.06%
ALGT	D	0.06%
PJT	A	0.06%
KTOS	B	0.06%
CUBI	F	0.06%
EMBC	F	0.06%
WDFC	B	0.06%
TDOC	D	0.06%
ADUS	D	0.06%
PRGS	A	0.06%
MMI	D	0.06%
ENV	C	0.06%
CRK	B	0.06%
HQY	B	0.06%
GFS	F	0.06%
CNMD	F	0.06%
VRRM	D	0.06%
BSIG	D	0.06%
ROAD	C	0.06%
CNXC	F	0.06%
MD	B	0.06%
MELI	D	0.06%
BLKB	C	0.06%
EBC	B	0.06%
TRS	D	0.06%
AUB	D	0.06%
CAKE	A	0.06%
NBIX	F	0.06%
AWR	B	0.06%
PGRE	D	0.06%
TRIP	D	0.06%
KWR	F	0.06%
HMN	B	0.06%
GWRE	A	0.06%
OEC	F	0.06%
W	C	0.06%
BSY	D	0.06%
FBNC	B	0.05%
CNDT	B	0.05%
PODD	C	0.05%
ATSG	D	0.05%
MYGN	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%
HAYW	C	0.05%
KLIC	D	0.05%
LIVN	C	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	C	0.05%
NEOG	F	0.05%
SJW	D	0.05%
ICHR	D	0.05%
CMCO	D	0.05%
CCO	C	0.05%
JBSS	F	0.05%
NVRI	D	0.05%
NOVT	C	0.05%
ECVT	F	0.05%
SGH	D	0.05%
EXAS	C	0.05%
HZO	C	0.05%
LYFT	D	0.05%
WING	C	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%
EPRT	C	0.05%
HCSG	F	0.05%
HAIN	C	0.05%
IART	F	0.05%
SSTK	F	0.04%
ASTH	B	0.04%
CRGY	B	0.04%
VAL	F	0.04%
CMTG	F	0.04%
IPAR	D	0.04%
SPSC	D	0.04%
NBR	D	0.04%
ASIX	A	0.04%
HMST	B	0.04%
IVT	B	0.04%
ZUMZ	D	0.04%
PZZA	D	0.04%
SWBI	F	0.04%
CNSL	A	0.04%
LKFN	D	0.04%
NVEE	F	0.04%
AAN	B	0.04%
ILPT	D	0.04%
HLIO	B	0.04%
INVA	B	0.04%
RNST	D	0.04%
PRAA	F	0.04%
VRTS	D	0.04%
ZI	F	0.04%
GLNG	A	0.04%
RGEN	F	0.04%
TOST	B	0.04%
CMPR	F	0.04%
LEVI	C	0.04%
LNN	C	0.04%
SNAP	D	0.04%
LTC	D	0.04%
AGRO	C	0.04%
ALK	C	0.04%
PARR	F	0.04%
RDUS	D	0.04%
RKT	D	0.04%
BRBR	A	0.04%
SGRY	C	0.04%
BZH	C	0.04%
GTN	D	0.04%
GTLS	D	0.04%
SBCF	D	0.03%
PRVA	F	0.03%
USNA	F	0.03%
KNSL	B	0.03%
CNNE	F	0.03%
WRLD	F	0.03%
TBI	F	0.03%
DAC	B	0.03%
GLDD	A	0.03%
CLVT	D	0.03%
EGBN	C	0.03%
GDOT	C	0.03%
GDEN	D	0.03%
CFFN	D	0.03%
STNE	F	0.03%
EVTC	D	0.03%
CMRE	C	0.03%
AGL	F	0.03%
WOOF	B	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%
LYV	A	0.03%
STEP	A	0.03%
CBL	D	0.03%
DT	B	0.03%
ASTE	F	0.03%
TKO	A	0.03%
SNOW	F	0.03%
MXL	D	0.03%
RWT	C	0.03%
MP	C	0.03%
CTRE	C	0.03%
AMC	F	0.03%
RUN	D	0.03%
PAGS	F	0.03%
USM	B	0.03%
RGR	F	0.03%
RDNT	C	0.03%
TRTX	D	0.03%
PRA	C	0.03%
CARS	F	0.03%
GLOB	D	0.03%
PEN	D	0.03%
MNRO	B	0.03%
VRNT	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	D	0.03%
NUS	F	0.03%
SBLK	C	0.03%
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	A	0.02%
BRSP	D	0.02%
FIZZ	F	0.02%
PLOW	D	0.02%
ARKO	C	0.02%
DHIL	C	0.02%
CCSI	C	0.02%
IRWD	F	0.02%
CTRN	D	0.02%
TMP	C	0.02%
HFWA	D	0.02%
WOLF	F	0.02%
WASH	C	0.02%
CSV	D	0.02%
ARCO	D	0.02%
MEI	D	0.02%
CMP	D	0.02%
SFIX	F	0.02%
BANF	D	0.02%
OPK	D	0.02%
PLCE	D	0.02%
UFCS	D	0.02%
PFC	D	0.02%
CLB	D	0.02%
OPI	F	0.02%
MTW	F	0.02%
CSR	D	0.02%
TCBK	D	0.02%
SHYF	D	0.02%
BJRI	B	0.02%
ALTO	D	0.02%
HASI	B	0.02%
WOW	D	0.02%
TPIC	C	0.02%
AVO	C	0.02%
EDR	A	0.02%
WMG	D	0.02%
MATW	F	0.02%
OCFC	C	0.02%
HSII	D	0.02%
DCO	B	0.02%
UTL	D	0.02%
KREF	C	0.02%
MERC	D	0.02%
SHEN	F	0.02%
EVRI	A	0.02%
RMBS	F	0.02%
TEN	C	0.02%
OKTA	F	0.02%
EBF	B	0.02%
CRAI	B	0.02%
PEGA	B	0.02%
VIR	F	0.02%
AVNS	D	0.02%
VSEC	D	0.02%
VTOL	D	0.01%
LGND	C	0.01%
HLNE	A	0.01%
IIPR	C	0.01%
AMRC	C	0.01%
AOSL	D	0.01%
KE	F	0.01%
LESL	F	0.01%
RILY	F	0.01%
AVD	F	0.01%
GPRO	F	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	C	0.01%
GSL	C	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%
DIN	D	0.01%
VREX	F	0.01%
OIS	D	0.01%
DENN	D	0.01%
FLGT	F	0.01%
SRI	F	0.01%
USPH	F	0.01%
TITN	F	0.01%
MYE	F	0.01%
DAY	C	0.01%
ATNI	C	0.01%
KRNY	C	0.01%
CHGG	F	0.0%
PCRX	D	0.0%
SEG	F	0.0%
WTI	C	0.0%
ALGM	F	0.0%
AMPH	C	0.0%
GIC	D	0.0%
CRNC	F	0.0%
TWI	F	0.0%
HY	D	0.0%
GSM	D	0.0%
MSBI	F	0.0%
TTEC	F	0.0%
DNUT	F	0.0%
PEBO	F	0.0%
HAYN	B	0.0%
MGPI	F	0.0%
EVH	D	0.0%
THR	F	0.0%
ONEW	F	0.0%
NIC	D	0.0%
SPWH	D	0.0%
LXU	C	0.0%
FBK	B	0.0%
NBHC	D	0.0%
SNEX	B	0.0%

FNDA Underweight 221 Positions Relative to VFMF

Symbol	Grade	Weight
WFC	B	-1.71%
AIG	C	-1.6%
VLO	F	-1.11%
GOOG	B	-1.1%
BK	A	-1.08%
FANG	D	-1.08%
AMAT	C	-1.04%
HIG	A	-1.04%
SYF	A	-1.01%
MPC	D	-0.99%
AFL	A	-0.97%
ABBV	C	-0.97%
MLI	B	-0.94%
LRCX	D	-0.92%
MTG	A	-0.9%
BKNG	B	-0.89%
QCOM	D	-0.88%
MCK	F	-0.87%
META	A	-0.85%
BPOP	D	-0.81%
AXP	A	-0.78%
JPM	C	-0.77%
PHM	C	-0.75%
MMM	C	-0.75%
KR	C	-0.74%
NUE	D	-0.74%
CAT	A	-0.74%
PSX	D	-0.67%
FDX	F	-0.65%
IBM	A	-0.64%
KLAC	B	-0.64%
ANET	A	-0.62%
GOOGL	B	-0.61%
GILD	A	-0.61%
EOG	B	-0.58%
HCA	C	-0.57%
TMHC	C	-0.57%
XOM	A	-0.55%
OMF	D	-0.53%
PCAR	D	-0.53%
CAH	B	-0.53%
VZ	C	-0.53%
ARCH	D	-0.53%
WMT	A	-0.5%
BCC	C	-0.5%
COP	D	-0.49%
OC	C	-0.49%
COST	C	-0.47%
CI	D	-0.47%
PVH	D	-0.46%
TGT	C	-0.45%
M	D	-0.45%
AZO	D	-0.45%
ORI	A	-0.44%
NVDA	B	-0.44%
COLL	A	-0.43%
TJX	D	-0.43%
SLM	B	-0.42%
NWS	D	-0.41%
CVX	B	-0.4%
ALSN	A	-0.4%
AMAL	B	-0.38%
UFPI	C	-0.35%
WRB	C	-0.34%
KMB	D	-0.33%
CBOE	B	-0.32%
PRI	A	-0.31%
SKX	B	-0.3%
ASC	D	-0.29%
CRM	B	-0.29%
WSM	C	-0.28%
SIGA	F	-0.27%
ACT	B	-0.27%
UNM	A	-0.27%
CNO	B	-0.26%
JBL	C	-0.25%
ASO	D	-0.25%
AYI	A	-0.25%
NSIT	B	-0.25%
MTH	C	-0.24%
GM	D	-0.24%
EVR	C	-0.23%
CLF	D	-0.23%
CPAY	A	-0.22%
EWBC	B	-0.22%
CFG	C	-0.22%
MBIN	C	-0.22%
DELL	C	-0.22%
KD	D	-0.21%
GNW	A	-0.21%
MUR	F	-0.21%
FNF	C	-0.21%
CTRA	D	-0.21%
HPQ	B	-0.21%
TOL	C	-0.21%
STLD	C	-0.21%
DHI	C	-0.21%
STT	A	-0.21%
EQH	B	-0.21%
DINO	F	-0.2%
BG	F	-0.2%
THO	C	-0.2%
EME	B	-0.2%
RS	D	-0.19%
RL	B	-0.19%
BBWI	F	-0.19%
CNC	F	-0.19%
LEN	C	-0.18%
DKS	D	-0.18%
PKG	B	-0.18%
BELFB	A	-0.17%
BLX	B	-0.17%
JEF	A	-0.17%
DOX	B	-0.16%
R	C	-0.16%
AMRX	B	-0.16%
GAP	F	-0.16%
SM	D	-0.16%
CMC	D	-0.16%
CRBG	B	-0.16%
DESP	C	-0.15%
KBH	D	-0.15%
ARW	C	-0.15%
SNA	C	-0.15%
NVR	C	-0.15%
CF	A	-0.15%
MUSA	D	-0.15%
URI	C	-0.15%
ETH	F	-0.14%
MOH	F	-0.14%
PFGC	A	-0.14%
SPOK	D	-0.14%
AN	D	-0.14%
ODP	F	-0.14%
IESC	A	-0.14%
QCRH	C	-0.14%
OVV	D	-0.14%
OLN	D	-0.14%
TPR	B	-0.14%
NAT	B	-0.14%
WCC	D	-0.13%
TAP	D	-0.12%
BBW	A	-0.12%
WLK	C	-0.12%
CTSH	B	-0.12%
KNTK	A	-0.12%
NTAP	D	-0.12%
GL	C	-0.12%
TPH	C	-0.12%
EXPE	B	-0.12%
NXST	D	-0.11%
GPC	D	-0.11%
SWKS	F	-0.11%
DAKT	D	-0.11%
SANM	D	-0.11%
FOR	D	-0.11%
LYB	B	-0.11%
JOE	D	-0.11%
NAVI	D	-0.1%
PH	A	-0.1%
SPTN	C	-0.1%
FCX	B	-0.1%
BLDR	C	-0.1%
GPOR	B	-0.1%
BTU	B	-0.1%
EXP	C	-0.09%
SD	D	-0.09%
AGCO	D	-0.09%
CSL	A	-0.08%
PLPC	D	-0.08%
OSUR	F	-0.08%
IDT	C	-0.08%
MRK	F	-0.08%
PBF	F	-0.08%
LPLA	D	-0.08%
WU	D	-0.07%
BECN	D	-0.07%
KSS	D	-0.07%
AMZN	C	-0.07%
VFC	A	-0.06%
XRX	D	-0.06%
GRNT	D	-0.06%
HBI	B	-0.06%
OSBC	D	-0.06%
CG	B	-0.06%
CASY	D	-0.06%
TMUS	A	-0.06%
BWA	C	-0.06%
UA	B	-0.06%
CACI	A	-0.06%
EBAY	A	-0.06%
CPRX	C	-0.06%
LEN	C	-0.06%
PFG	A	-0.06%
ANIP	F	-0.05%
BC	C	-0.05%
DECK	B	-0.05%
MET	A	-0.05%
LOW	C	-0.05%
HPE	B	-0.05%
LQDT	C	-0.05%
JBI	F	-0.05%
LYTS	B	-0.05%
MCRI	B	-0.04%
TRST	D	-0.04%
MCFT	F	-0.04%
AMG	B	-0.04%
VTRS	D	-0.04%
ROST	D	-0.04%
FARO	D	-0.03%
GPK	D	-0.03%
ATEN	B	-0.03%
BERY	C	-0.03%
HSTM	B	-0.03%
ULTA	D	-0.03%
THFF	D	-0.03%
EPM	B	-0.03%
HIMS	C	-0.02%
FFIV	B	-0.02%
GPI	C	-0.02%
MAN	D	-0.02%