FNDA vs. VFMO ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$58.23

Average Daily Volume

292,968

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance 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 strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. 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

$152.38

Average Daily Volume

28,279

Number of Holdings ^*

561

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	VFMO
30 Days	10.22%	1.57%
60 Days	7.05%	1.90%
90 Days	10.05%	7.66%
12 Months	13.85%	22.81%

222 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in VFMO	Overlap
ACA	B	0.17%	0.06%	0.06%
AEO	C	0.06%	0.07%	0.06%
AGM	C	0.02%	0.13%	0.02%
AGO	C	0.23%	0.31%	0.23%
AIR	F	0.12%	0.05%	0.05%
AIT	B	0.22%	0.19%	0.19%
AM	D	0.09%	0.1%	0.09%
AMPH	D	0.0%	0.08%	0.0%
AMR	F	0.15%	0.15%	0.15%
AMWD	B	0.14%	0.14%	0.14%
ANDE	C	0.07%	0.1%	0.07%
ANF	D	0.47%	0.2%	0.2%
APG	C	0.14%	0.19%	0.14%
APO	A	0.06%	0.98%	0.06%
APP	D	0.09%	0.29%	0.09%
ARES	A	0.13%	0.19%	0.13%
AROC	C	0.14%	0.27%	0.14%
ATGE	B	0.19%	0.13%	0.13%
AWI	B	0.21%	0.21%	0.21%
AZEK	C	0.07%	0.23%	0.07%
AZTA	C	0.06%	0.05%	0.05%
AZZ	D	0.11%	0.18%	0.11%
BGC	C	0.12%	0.07%	0.07%
BKD	C	0.1%	0.19%	0.1%
BLD	B	0.07%	0.19%	0.07%
BLMN	D	0.09%	0.06%	0.06%
BRBR	F	0.04%	0.27%	0.04%
BSY	F	0.06%	0.03%	0.03%
BZH	B	0.06%	0.03%	0.03%
CACC	B	0.19%	0.17%	0.17%
CACC	B	0.08%	0.17%	0.08%
CAL	C	0.07%	0.07%	0.07%
CASH	B	0.06%	0.05%	0.05%
CBZ	D	0.09%	0.13%	0.09%
CCOI	C	0.07%	0.09%	0.07%
CCS	B	0.21%	0.04%	0.04%
CEIX	D	0.13%	0.02%	0.02%
CENT	F	0.0%	0.03%	0.0%
CENTA	F	0.09%	0.01%	0.01%
CHCO	B	0.05%	0.08%	0.05%
CHRD	D	0.12%	0.04%	0.04%
CLH	A	0.25%	0.17%	0.17%
CMPR	C	0.07%	0.11%	0.07%
CNK	A	0.11%	0.02%	0.02%
CNM	C	0.12%	0.24%	0.12%
CNX	B	0.06%	0.04%	0.04%
COIN	D	0.4%	0.24%	0.24%
COKE	A	0.13%	0.09%	0.09%
COOP	B	0.22%	0.1%	0.1%
COTY	F	0.07%	0.07%	0.07%
CPS	D	0.05%	0.05%	0.05%
CRC	C	0.15%	0.05%	0.05%
CRS	B	0.24%	0.08%	0.08%
CRVL	B	0.01%	0.05%	0.01%
CSWI	A	0.06%	0.17%	0.06%
CTS	D	0.05%	0.04%	0.04%
CUBI	B	0.08%	0.25%	0.08%
CXW	D	0.2%	0.08%	0.08%
DASH	D	0.11%	0.1%	0.1%
DBRG	D	0.21%	0.06%	0.06%
DDS	D	0.11%	0.05%	0.05%
DFIN	B	0.07%	0.04%	0.04%
DHT	B	0.06%	0.13%	0.06%
DT	F	0.02%	0.03%	0.02%
DXPE	B	0.05%	0.04%	0.04%
ELAN	F	0.19%	0.09%	0.09%
ENSG	B	0.13%	0.13%	0.13%
EPAC	C	0.05%	0.03%	0.03%
ESAB	C	0.14%	0.13%	0.13%
ESE	B	0.08%	0.02%	0.02%
EXEL	B	0.14%	0.3%	0.14%
FBP	B	0.09%	0.12%	0.09%
FICO	B	0.28%	0.19%	0.19%
FIX	C	0.18%	0.37%	0.18%
FN	D	0.15%	0.2%	0.15%
FSS	B	0.13%	0.06%	0.06%
FTI	A	0.07%	0.24%	0.07%
GBX	C	0.16%	0.12%	0.12%
GEO	D	0.27%	0.08%	0.08%
GFF	B	0.1%	0.27%	0.1%
GIII	D	0.16%	0.11%	0.11%
GLOB	D	0.05%	0.05%	0.05%
GMS	B	0.2%	0.08%	0.08%
GOLF	B	0.08%	0.03%	0.03%
GRBK	B	0.03%	0.09%	0.03%
GWRE	B	0.06%	0.17%	0.06%
HCC	C	0.31%	0.13%	0.13%
HEES	C	0.1%	0.12%	0.1%
HLX	C	0.09%	0.21%	0.09%
HNI	B	0.19%	0.07%	0.07%
HOV	B	0.01%	0.07%	0.01%
HQY	D	0.06%	0.16%	0.06%
HRB	A	0.07%	0.12%	0.07%
HURN	C	0.05%	0.13%	0.05%
HVT	D	0.04%	0.02%	0.02%
HWKN	C	0.07%	0.07%	0.07%
HY	B	0.01%	0.12%	0.01%
IBKR	D	0.08%	0.13%	0.08%
IBP	B	0.11%	0.05%	0.05%
ICFI	B	0.09%	0.08%	0.08%
IDCC	A	0.1%	0.02%	0.02%
INSW	D	0.04%	0.14%	0.04%
INVA	A	0.06%	0.17%	0.06%
IPAR	C	0.04%	0.12%	0.04%
IRWD	D	0.01%	0.02%	0.01%
ITGR	D	0.11%	0.11%	0.11%
JELD	D	0.19%	0.09%	0.09%
KNSL	C	0.01%	0.04%	0.01%
KOP	D	0.07%	0.08%	0.07%
KTB	B	0.12%	0.07%	0.07%
KTOS	B	0.05%	0.04%	0.04%
LAUR	B	0.14%	0.08%	0.08%
LNW	B	0.2%	0.17%	0.17%
LOPE	A	0.22%	0.03%	0.03%
LPG	D	0.05%	0.14%	0.05%
LRN	A	0.1%	0.21%	0.1%
LYFT	F	0.05%	0.19%	0.05%
LZB	B	0.16%	0.05%	0.05%
MANH	B	0.11%	0.21%	0.11%
MATX	B	0.05%	0.11%	0.05%
MCY	B	0.13%	0.18%	0.13%
MEDP	D	0.07%	0.21%	0.07%
MHO	B	0.27%	0.17%	0.17%
MLKN	B	0.19%	0.06%	0.06%
MOD	B	0.15%	0.15%	0.15%
MOG.A	B	0.22%	0.05%	0.05%
MPWR	B	0.16%	0.06%	0.06%
MSA	C	0.11%	0.12%	0.11%
MTRN	C	0.08%	0.05%	0.05%
MYRG	F	0.1%	0.04%	0.04%
NBIX	C	0.08%	0.1%	0.08%
NEU	C	0.14%	0.13%	0.13%
NHC	B	0.11%	0.13%	0.11%
NMIH	B	0.07%	0.03%	0.03%
NMRK	B	0.12%	0.05%	0.05%
NOW	B	0.07%	0.85%	0.07%
NPO	B	0.1%	0.13%	0.1%
NR	B	0.01%	0.13%	0.01%
NU	D	0.01%	0.2%	0.01%
NVRI	A	0.08%	0.07%	0.07%
NYT	C	0.19%	0.04%	0.04%
OFG	B	0.06%	0.09%	0.06%
OII	A	0.09%	0.11%	0.09%
OLED	C	0.09%	0.04%	0.04%
OLLI	C	0.18%	0.08%	0.08%
ONTO	D	0.08%	0.22%	0.08%
OPEN	D	0.08%	0.08%	0.08%
OSIS	C	0.09%	0.05%	0.05%
PAGS	C	0.07%	0.03%	0.03%
PARR	D	0.05%	0.09%	0.05%
PATK	B	0.17%	0.03%	0.03%
PFSI	C	0.17%	0.03%	0.03%
PINS	F	0.11%	0.07%	0.07%
PLTR	C	0.08%	0.26%	0.08%
PPC	B	0.13%	0.08%	0.08%
PR	D	0.06%	0.04%	0.04%
PRDO	B	0.09%	0.06%	0.06%
PRG	B	0.24%	0.03%	0.03%
PRIM	B	0.04%	0.11%	0.04%
PSN	A	0.09%	0.16%	0.09%
PTC	D	0.11%	0.07%	0.07%
PTVE	C	0.08%	0.03%	0.03%
QLYS	D	0.06%	0.1%	0.06%
RAMP	F	0.08%	0.04%	0.04%
RCL	C	0.37%	0.28%	0.28%
RDN	B	0.28%	0.08%	0.08%
RDNT	D	0.04%	0.08%	0.04%
REVG	B	0.08%	0.16%	0.08%
REX	C	0.01%	0.07%	0.01%
RKT	B	0.03%	0.08%	0.03%
RMBS	F	0.02%	0.13%	0.02%
ROAD	B	0.06%	0.13%	0.06%
ROCK	C	0.09%	0.05%	0.05%
ROKU	F	0.07%	0.07%	0.07%
SAIA	D	0.21%	0.35%	0.21%
SCCO	D	0.22%	0.16%	0.16%
SCS	B	0.17%	0.08%	0.08%
SFL	F	0.07%	0.21%	0.07%
SGH	C	0.05%	0.02%	0.02%
SHOO	B	0.18%	0.05%	0.05%
SIG	F	0.19%	0.04%	0.04%
SKYW	C	0.15%	0.32%	0.15%
SMCI	F	0.3%	0.48%	0.3%
SPB	D	0.21%	0.07%	0.07%
SPOT	A	0.24%	0.36%	0.24%
SPSC	B	0.04%	0.14%	0.04%
SSD	C	0.17%	0.33%	0.17%
STC	C	0.2%	0.13%	0.13%
STEP	B	0.04%	0.04%	0.04%
STNE	D	0.05%	0.09%	0.05%
STNG	D	0.06%	0.07%	0.06%
STRL	D	0.07%	0.15%	0.07%
SXC	A	0.07%	0.04%	0.04%
SXI	B	0.07%	0.1%	0.07%
TBBK	B	0.01%	0.06%	0.01%
THR	C	0.01%	0.04%	0.01%
TK	D	0.01%	0.09%	0.01%
TNC	C	0.08%	0.12%	0.08%
TNET	D	0.12%	0.05%	0.05%
TNK	D	0.04%	0.14%	0.04%
TREX	C	0.13%	0.18%	0.13%
UIS	D	0.04%	0.02%	0.02%
URBN	C	0.22%	0.04%	0.04%
UVE	C	0.04%	0.02%	0.02%
UVV	C	0.16%	0.08%	0.08%
VNT	C	0.16%	0.16%	0.16%
VRT	D	0.17%	0.34%	0.17%
VSEC	C	0.02%	0.08%	0.02%
WDAY	D	0.1%	0.59%	0.1%
WDFC	B	0.06%	0.06%	0.06%
WFRD	D	0.06%	0.23%	0.06%
WING	D	0.05%	0.23%	0.05%
WOR	F	0.1%	0.04%	0.04%
WRLD	D	0.05%	0.03%	0.03%
WTS	B	0.13%	0.08%	0.08%
WWD	D	0.27%	0.1%	0.1%
XP	F	0.04%	0.15%	0.04%
XPO	C	0.26%	0.31%	0.26%
YELP	F	0.14%	0.11%	0.11%
YETI	D	0.07%	0.04%	0.04%
ZEUS	D	0.04%	0.08%	0.04%
ZIMV	C	0.07%	0.07%	0.07%

FNDA Overweight 781 Positions Relative to VFMO

Symbol	Grade	Weight
SATS	C	0.47%
EBS	C	0.36%
TPC	B	0.3%
UTHR	C	0.3%
CRUS	C	0.29%
BKU	B	0.29%
GME	F	0.29%
KMPR	B	0.28%
DY	B	0.27%
SWX	C	0.27%
RXO	B	0.26%
SLVM	B	0.26%
WAL	B	0.26%
FLS	B	0.26%
MAC	C	0.25%
OHI	B	0.25%
TXRH	A	0.25%
VLTO	A	0.24%
HP	C	0.24%
HE	C	0.24%
AMKR	D	0.24%
SPR	B	0.24%
SF	A	0.24%
SEM	B	0.24%
TEX	C	0.23%
FRT	B	0.23%
VMI	B	0.23%
TTEK	B	0.22%
UAL	D	0.22%
BHE	A	0.22%
BWXT	C	0.22%
ENS	B	0.22%
DHC	C	0.22%
PLXS	B	0.22%
HEI	A	0.22%
FNB	B	0.22%
AGNC	C	0.22%
BKH	A	0.22%
FCN	C	0.22%
COLD	C	0.21%
CWK	B	0.21%
AVNT	B	0.21%
KFY	B	0.21%
HWC	C	0.21%
CBT	B	0.21%
ASH	D	0.21%
HIW	A	0.21%
PB	B	0.21%
ESI	B	0.21%
TTMI	D	0.21%
GATX	C	0.21%
GHC	C	0.21%
KEX	B	0.2%
FHB	B	0.2%
ELS	B	0.2%
KRC	C	0.2%
PNFP	B	0.2%
WTFC	C	0.2%
ENTG	F	0.2%
SMG	B	0.2%
ARCB	C	0.2%
CBSH	B	0.2%
WBS	B	0.2%
CR	A	0.2%
ASB	C	0.2%
CADE	B	0.2%
ADTN	C	0.19%
PTEN	D	0.19%
DTM	A	0.19%
MC	B	0.19%
SRCL	B	0.19%
CROX	D	0.19%
IMKTA	C	0.19%
DEI	B	0.19%
VIRT	C	0.19%
INCY	C	0.19%
OZK	C	0.19%
FUL	B	0.19%
HRI	C	0.19%
RPRX	C	0.19%
PDCO	D	0.19%
CFR	B	0.19%
SR	C	0.19%
GVA	B	0.19%
TRN	B	0.19%
SVC	D	0.18%
LCII	C	0.18%
SBRA	C	0.18%
WMK	B	0.18%
PINC	C	0.18%
WH	B	0.18%
CUBE	C	0.18%
ESNT	B	0.18%
OGS	C	0.18%
UBSI	B	0.18%
VVV	B	0.18%
COLB	B	0.18%
IDA	B	0.18%
MAT	C	0.18%
HLF	C	0.17%
COLM	C	0.17%
EEFT	D	0.17%
CUZ	B	0.17%
PSMT	B	0.17%
KNF	B	0.17%
AMN	C	0.17%
UAA	D	0.17%
AMH	D	0.17%
NJR	A	0.17%
RNR	B	0.17%
CSGP	D	0.17%
TROX	D	0.17%
ENVA	B	0.17%
FDS	F	0.17%
OMI	D	0.17%
CGNX	C	0.17%
MTX	D	0.17%
AVA	B	0.17%
UNF	B	0.17%
BCO	B	0.17%
HXL	D	0.17%
LFUS	B	0.17%
ALE	A	0.17%
PNM	B	0.17%
NNN	C	0.17%
B	C	0.16%
WYNN	F	0.16%
PIPR	B	0.16%
APLE	D	0.16%
ONB	B	0.16%
SXT	C	0.16%
GMED	C	0.16%
WD	C	0.16%
SBH	C	0.16%
ACHC	F	0.16%
WTM	C	0.16%
KMT	B	0.16%
FDP	C	0.16%
WAFD	B	0.16%
ACIW	B	0.16%
CALM	A	0.16%
DNOW	B	0.16%
BYD	C	0.16%
NOMD	B	0.16%
PCH	C	0.16%
MTDR	C	0.16%
Z	C	0.16%
NWE	B	0.16%
BIO	C	0.16%
HLI	B	0.16%
WMS	B	0.15%
DIOD	C	0.15%
PHIN	B	0.15%
SUM	B	0.15%
GBCI	B	0.15%
SLAB	D	0.15%
UMBF	B	0.15%
SFNC	B	0.15%
ZM	D	0.15%
AGR	B	0.15%
KELYA	B	0.15%
LBRT	B	0.15%
WGO	D	0.15%
CATY	B	0.15%
CHDN	B	0.15%
THS	C	0.15%
MTCH	C	0.15%
ATKR	F	0.15%
AXS	B	0.15%
VLY	C	0.15%
EPR	B	0.14%
SIGI	F	0.14%
UNIT	D	0.14%
ROL	D	0.14%
APAM	B	0.14%
BFAM	B	0.14%
TYL	B	0.14%
HPP	D	0.14%
GEF	C	0.14%
SAH	B	0.14%
RIG	D	0.14%
FULT	C	0.14%
SCL	D	0.14%
OUT	B	0.14%
LITE	C	0.14%
SCSC	B	0.14%
LGIH	C	0.14%
SITE	D	0.14%
SN	C	0.14%
VSCO	F	0.14%
H	D	0.14%
SNDR	C	0.13%
ITRI	D	0.13%
TPG	A	0.13%
WWW	B	0.13%
VEEV	D	0.13%
PLUS	B	0.13%
CVCO	B	0.13%
VSTO	A	0.13%
RGLD	B	0.13%
GTES	B	0.13%
SIRI	D	0.13%
HI	C	0.13%
DLB	F	0.13%
BXMT	D	0.13%
NVST	F	0.13%
IOSP	B	0.13%
TDC	F	0.13%
PBI	C	0.13%
BDC	D	0.13%
AMED	A	0.13%
JBGS	C	0.13%
BOH	B	0.13%
RYN	C	0.13%
KAR	C	0.13%
WEX	D	0.12%
HIBB	A	0.12%
VSAT	C	0.12%
CNXC	D	0.12%
DOLE	A	0.12%
RLJ	F	0.12%
IGT	C	0.12%
PDM	B	0.12%
HOPE	B	0.12%
ZD	F	0.12%
CHX	C	0.12%
STAG	B	0.12%
WEN	D	0.12%
APOG	B	0.12%
JBLU	C	0.12%
IAC	B	0.12%
RH	C	0.12%
EAT	D	0.12%
HTH	C	0.12%
EPC	D	0.12%
CVLT	B	0.12%
ECPG	B	0.12%
VSTS	D	0.12%
SITC	C	0.12%
ABCB	B	0.12%
DLX	B	0.12%
SKY	B	0.12%
ETSY	D	0.12%
FELE	B	0.12%
IPGP	F	0.12%
SHO	C	0.11%
OPCH	D	0.11%
CABO	D	0.11%
EXLS	A	0.11%
ABNB	F	0.11%
DNB	C	0.11%
NGVT	D	0.11%
KALU	D	0.11%
WSBC	C	0.11%
PLNT	C	0.11%
VC	C	0.11%
MORN	B	0.11%
BANR	C	0.11%
WSC	D	0.11%
FIBK	C	0.11%
FR	B	0.11%
CBU	B	0.11%
MASI	F	0.11%
DRH	D	0.11%
TRMK	B	0.11%
CIVI	C	0.11%
BRKR	D	0.11%
STRA	D	0.11%
JACK	D	0.11%
FFBC	B	0.11%
TECH	B	0.11%
BOKF	C	0.11%
TCBI	C	0.11%
MWA	B	0.11%
AX	C	0.11%
FND	F	0.11%
RRC	F	0.11%
TPL	A	0.11%
OTTR	B	0.11%
IBOC	B	0.11%
MKTX	D	0.11%
RYI	D	0.1%
BOOT	C	0.1%
WSFS	B	0.1%
JBT	D	0.1%
AXL	D	0.1%
ESRT	B	0.1%
EMBC	C	0.1%
UCBI	B	0.1%
UCTT	D	0.1%
HAE	C	0.1%
FWRD	D	0.1%
BCPC	B	0.1%
PFS	B	0.1%
PECO	B	0.1%
PGRE	C	0.1%
RLI	A	0.1%
AMRK	C	0.1%
PBH	C	0.1%
DORM	B	0.1%
ENOV	D	0.1%
CVBF	C	0.1%
AIN	B	0.1%
DXCM	F	0.1%
TWLO	D	0.1%
AEIS	B	0.1%
LANC	C	0.1%
HGV	C	0.1%
CBRL	D	0.1%
BMRN	D	0.1%
PPBI	C	0.1%
XHR	D	0.1%
BDN	B	0.1%
ICUI	C	0.1%
RHP	D	0.09%
EIG	A	0.09%
MGRC	D	0.09%
BKE	B	0.09%
PMT	C	0.09%
RNG	C	0.09%
KFRC	B	0.09%
GCI	B	0.09%
FFIN	B	0.09%
IBTX	B	0.09%
EGP	C	0.09%
MODG	C	0.09%
ALEX	B	0.09%
SLGN	A	0.09%
ESGR	C	0.09%
FRME	B	0.09%
SASR	B	0.09%
PRK	C	0.09%
CDE	B	0.09%
NTCT	D	0.09%
RRR	C	0.09%
CSTM	F	0.09%
SYNA	F	0.09%
ENR	C	0.09%
SKT	B	0.09%
SMTC	D	0.09%
NBR	C	0.09%
ATI	B	0.09%
NSP	D	0.09%
UE	B	0.09%
HTLF	B	0.09%
VGR	B	0.09%
ORA	B	0.09%
BSIG	A	0.09%
ARI	B	0.09%
GNL	C	0.09%
AMCX	F	0.09%
KRG	B	0.09%
NHI	B	0.09%
LXP	B	0.09%
KOS	F	0.09%
CNA	B	0.08%
GES	C	0.08%
IART	F	0.08%
ROG	C	0.08%
KAI	B	0.08%
LGF.A	D	0.08%
REXR	C	0.08%
JJSF	B	0.08%
TALO	D	0.08%
CODI	B	0.08%
TILE	B	0.08%
MMSI	C	0.08%
KN	C	0.08%
NBTB	B	0.08%
KW	C	0.08%
GO	F	0.08%
GTN	D	0.08%
MGY	A	0.08%
TW	B	0.08%
CCO	C	0.08%
CWT	A	0.08%
OEC	C	0.08%
CWEN	C	0.08%
PEB	F	0.08%
NWN	B	0.08%
WNC	D	0.08%
LADR	C	0.08%
CLW	B	0.08%
HCSG	C	0.08%
ABR	D	0.08%
SAM	F	0.08%
THRM	C	0.08%
INDB	B	0.08%
SAFT	C	0.08%
MRC	B	0.08%
HZO	C	0.08%
NWBI	B	0.08%
FORM	D	0.08%
RBC	B	0.08%
TOWN	B	0.08%
POWI	F	0.08%
HL	C	0.08%
HELE	F	0.08%
MGEE	B	0.08%
CNXN	B	0.08%
IRDM	D	0.07%
CPNG	D	0.07%
PUMP	D	0.07%
WTRG	C	0.07%
MD	D	0.07%
PAYC	D	0.07%
BXC	C	0.07%
BUSE	C	0.07%
VSH	C	0.07%
CORT	B	0.07%
NNI	A	0.07%
MRTN	C	0.07%
SABR	C	0.07%
HALO	B	0.07%
NSA	C	0.07%
MMS	A	0.07%
EYE	D	0.07%
PRAA	C	0.07%
HOMB	B	0.07%
CNS	B	0.07%
ALG	D	0.07%
SWBI	B	0.07%
FSLR	D	0.07%
LILAK	B	0.07%
KLG	D	0.07%
ATSG	C	0.07%
CHH	C	0.07%
BV	B	0.07%
PLAB	F	0.07%
GPRE	D	0.07%
FCF	B	0.07%
SCHL	F	0.07%
CSGS	D	0.07%
HAIN	D	0.07%
BGS	D	0.07%
CVI	D	0.07%
MELI	C	0.07%
TRIP	F	0.07%
SLG	B	0.07%
STBA	B	0.07%
CNDT	B	0.07%
AY	B	0.07%
NX	C	0.07%
OXM	C	0.07%
NUS	F	0.07%
VIAV	D	0.07%
NTB	C	0.07%
EXPO	B	0.07%
AKR	B	0.07%
MATV	B	0.07%
KLIC	F	0.07%
BLKB	C	0.06%
PJT	B	0.06%
WHD	B	0.06%
DEA	B	0.06%
JBSS	B	0.06%
EFSC	B	0.06%
MTUS	C	0.06%
GCO	C	0.06%
ALK	F	0.06%
CNSL	A	0.06%
EXPI	C	0.06%
THRY	D	0.06%
MMI	C	0.06%
BNL	C	0.06%
CHE	D	0.06%
SCVL	B	0.06%
TTD	D	0.06%
AAN	C	0.06%
ROIC	B	0.06%
NTGR	B	0.06%
CAKE	C	0.06%
MSM	D	0.06%
HHH	C	0.06%
AAON	C	0.06%
SNBR	D	0.06%
GLNG	C	0.06%
DBX	D	0.06%
FOXF	D	0.06%
REYN	D	0.06%
AWR	B	0.06%
ENV	D	0.06%
RDUS	D	0.06%
PSTG	D	0.06%
VRSN	D	0.06%
MRCY	C	0.06%
KWR	D	0.06%
EBC	B	0.06%
ENPH	D	0.06%
ACCO	D	0.06%
GFS	D	0.06%
TBI	D	0.06%
JWN	B	0.06%
CRL	C	0.06%
TRS	D	0.06%
CPK	B	0.06%
FTDR	B	0.06%
ZUMZ	B	0.06%
IRT	C	0.06%
VRRM	C	0.06%
ILPT	B	0.06%
TNL	C	0.06%
HMN	C	0.06%
AAT	B	0.06%
COMM	C	0.06%
JAZZ	D	0.06%
ADC	A	0.06%
BMI	B	0.06%
SMPL	F	0.05%
MNRO	C	0.05%
AGX	B	0.05%
SUPN	C	0.05%
FCPT	B	0.05%
LIVN	F	0.05%
TUP	F	0.05%
LTC	C	0.05%
LBRDK	C	0.05%
ACLS	D	0.05%
CBL	C	0.05%
VRNT	B	0.05%
EPRT	C	0.05%
VAL	B	0.05%
CRK	F	0.05%
SFIX	B	0.05%
COHU	F	0.05%
OMCL	D	0.05%
SMP	D	0.05%
FBNC	C	0.05%
HMST	C	0.05%
ICHR	F	0.05%
AUB	B	0.05%
CNMD	F	0.05%
PRGS	B	0.05%
PRFT	A	0.05%
CWH	C	0.05%
SHEN	C	0.05%
ASTE	D	0.05%
ASIX	C	0.05%
SENEA	C	0.05%
SJW	C	0.05%
FHI	C	0.05%
CMCO	D	0.05%
HTLD	C	0.05%
COMP	C	0.05%
W	F	0.05%
NEOG	C	0.05%
SBLK	D	0.05%
RGR	C	0.05%
MYGN	B	0.05%
ALIT	D	0.05%
SSB	B	0.05%
NOVT	B	0.05%
TRTX	C	0.05%
TRNO	B	0.05%
AGRO	D	0.05%
PLAY	F	0.05%
FIVE	F	0.05%
CHEF	C	0.05%
SONO	F	0.05%
ADUS	C	0.05%
CARG	D	0.05%
CWST	C	0.05%
VBTX	B	0.05%
ZWS	B	0.05%
ECVT	C	0.05%
AAL	F	0.05%
TCBK	B	0.04%
IRBT	D	0.04%
SEB	D	0.04%
AVNS	B	0.04%
UTL	B	0.04%
CARS	B	0.04%
OPI	D	0.04%
TEN	D	0.04%
LSCC	F	0.04%
BJRI	F	0.04%
GLDD	B	0.04%
BRC	A	0.04%
SSTK	C	0.04%
SBSI	B	0.04%
CVGW	F	0.04%
EBF	B	0.04%
CPF	B	0.04%
TSE	F	0.04%
CRAI	D	0.04%
CMRE	D	0.04%
BRY	D	0.04%
DAC	D	0.04%
NVEE	C	0.04%
PRA	D	0.04%
EAF	F	0.04%
PRLB	C	0.04%
CLB	B	0.04%
ETH	D	0.04%
CLVT	D	0.04%
IHRT	D	0.04%
TDOC	F	0.04%
LNN	B	0.04%
MTW	D	0.04%
CNNE	C	0.04%
WTTR	A	0.04%
MERC	F	0.04%
DBI	D	0.04%
ALRM	C	0.04%
EVTC	D	0.04%
RES	C	0.04%
AHCO	C	0.04%
EGBN	D	0.04%
USNA	F	0.04%
MATW	D	0.04%
LKFN	C	0.04%
RWT	C	0.04%
CFFN	C	0.04%
IVT	A	0.03%
DHIL	C	0.03%
TITN	D	0.03%
FLWS	C	0.03%
PZZA	F	0.03%
FIZZ	C	0.03%
CSV	B	0.03%
CTRN	F	0.03%
OPK	C	0.03%
BRSP	D	0.03%
HAYW	C	0.03%
AMBC	F	0.03%
XPRO	B	0.03%
PEN	F	0.03%
AVO	C	0.03%
RC	C	0.03%
HAFC	B	0.03%
CMTG	D	0.03%
WASH	B	0.03%
PTON	F	0.03%
SGRY	C	0.03%
RGP	D	0.03%
SRI	D	0.03%
SNOW	F	0.03%
RILY	F	0.03%
CMP	D	0.03%
ALTO	D	0.03%
HFWA	B	0.03%
NOG	A	0.03%
TMP	B	0.03%
AMC	D	0.03%
CSR	B	0.03%
CNOB	B	0.03%
ARCO	D	0.03%
WOW	C	0.03%
MEI	D	0.03%
HASI	B	0.03%
DO	B	0.03%
BANF	B	0.03%
BRKL	B	0.03%
UFCS	C	0.03%
SRCE	B	0.03%
WOOF	D	0.03%
KREF	C	0.03%
TPIC	F	0.03%
WABC	C	0.03%
ALKS	C	0.03%
HSII	B	0.03%
PFC	B	0.03%
AGL	D	0.03%
EXAS	D	0.03%
ZI	F	0.03%
DCO	B	0.03%
GDOT	D	0.03%
SHYF	B	0.03%
ERIE	A	0.03%
RGEN	C	0.03%
OCFC	B	0.03%
BBSI	A	0.03%
GNK	D	0.03%
PODD	C	0.03%
PEGA	B	0.03%
MXL	F	0.02%
GPMT	F	0.02%
USM	C	0.02%
MED	F	0.02%
GDEN	D	0.02%
LYV	C	0.02%
AVD	D	0.02%
MODV	F	0.02%
ATNI	C	0.02%
SSYS	F	0.02%
RYAM	B	0.02%
SFBS	B	0.02%
DAY	D	0.02%
CALX	C	0.02%
JRVR	D	0.02%
SBCF	C	0.02%
CTRE	A	0.02%
DIN	F	0.02%
OIS	D	0.02%
PRVA	C	0.02%
SNAP	F	0.02%
TKO	C	0.02%
OKTA	C	0.02%
CRGY	C	0.02%
CRMT	C	0.02%
FLGT	C	0.02%
VIR	C	0.02%
DENN	D	0.02%
VREX	F	0.02%
MOV	D	0.02%
MYE	D	0.02%
RUN	C	0.02%
VRTS	C	0.02%
PLOW	C	0.02%
KRNY	C	0.02%
WOLF	F	0.02%
USPH	C	0.02%
DRQ	F	0.02%
ALGT	D	0.02%
ARKO	D	0.02%
VCTR	C	0.02%
RNST	C	0.02%
CLDT	D	0.02%
SSP	D	0.02%
TOST	C	0.02%
ASTH	B	0.02%
GTY	C	0.02%
GTLS	C	0.02%
CCSI	C	0.02%
HLIO	D	0.02%
EVRI	C	0.02%
CCRN	D	0.02%
NPK	C	0.02%
INMD	F	0.01%
HAYN	B	0.01%
MGPI	D	0.01%
GSM	D	0.01%
MSBI	C	0.01%
SPWH	F	0.01%
PEBO	C	0.01%
NIC	C	0.01%
LXU	D	0.01%
PFBC	B	0.01%
HLNE	B	0.01%
SNEX	A	0.01%
FBK	B	0.01%
NBHC	C	0.01%
CMTL	D	0.01%
IIPR	B	0.01%
ONEW	D	0.01%
AMRC	F	0.01%
PRM	B	0.01%
VTOL	A	0.01%
MBUU	D	0.01%
LGND	B	0.01%
BHLB	B	0.01%
IIIN	C	0.01%
LESL	F	0.01%
MP	F	0.01%
AMSF	D	0.01%
SBOW	D	0.01%
TTEC	D	0.01%
AOSL	C	0.01%
WMG	F	0.01%
EDR	A	0.01%
PKST	D	0.01%
PETS	F	0.01%
GSL	D	0.01%
GPRO	D	0.01%
KE	C	0.01%
PLCE	F	0.01%
SLCA	B	0.01%
CLOV	B	0.01%
SEDG	F	0.01%
BMBL	F	0.01%
LEVI	D	0.01%
EQT	F	0.0%
CHGG	D	0.0%
PCRX	F	0.0%
ALGM	F	0.0%
EVH	D	0.0%
GIC	D	0.0%
WTI	D	0.0%
TWI	D	0.0%
CRNC	F	0.0%
DNUT	F	0.0%

FNDA Underweight 340 Positions Relative to VFMO

Symbol	Grade	Weight
META	D	-1.64%
NVDA	D	-1.53%
GE	B	-1.38%
AVGO	D	-1.33%
LLY	D	-1.28%
ANET	C	-1.27%
UBER	F	-1.21%
NFLX	D	-1.2%
AMD	F	-1.19%
CRWD	F	-1.02%
INTC	F	-1.0%
ETN	D	-0.98%
KKR	B	-0.95%
MU	D	-0.88%
LRCX	D	-0.85%
AMZN	D	-0.84%
MCK	A	-0.8%
PGR	C	-0.8%
AMGN	C	-0.79%
PANW	C	-0.78%
VRTX	B	-0.76%
PSX	C	-0.75%
GOOG	D	-0.75%
PH	A	-0.65%
SNPS	D	-0.64%
CDNS	F	-0.64%
CRM	D	-0.63%
PCAR	F	-0.61%
ADBE	C	-0.61%
KLAC	C	-0.6%
LULU	F	-0.6%
MPC	D	-0.59%
TT	B	-0.58%
IBM	B	-0.54%
MSTR	C	-0.52%
BKNG	D	-0.52%
EME	C	-0.51%
TDG	C	-0.45%
CMG	D	-0.45%
LEN	B	-0.44%
PHM	B	-0.43%
ALSN	A	-0.42%
DKNG	F	-0.42%
DECK	D	-0.42%
JBL	F	-0.41%
COST	D	-0.4%
TJX	B	-0.4%
AJG	A	-0.39%
GOOGL	D	-0.37%
NVR	A	-0.37%
MSFT	D	-0.34%
DHI	B	-0.34%
AMAT	D	-0.33%
INTU	B	-0.33%
VKTX	C	-0.31%
CELH	F	-0.31%
BLDR	C	-0.31%
URI	B	-0.3%
NTNX	F	-0.28%
FCNCA	B	-0.28%
SFM	B	-0.28%
MRVL	D	-0.24%
HUBS	F	-0.24%
AIZ	B	-0.24%
BPMC	D	-0.24%
WSM	C	-0.24%
BCC	C	-0.23%
AFRM	F	-0.23%
CYTK	C	-0.23%
POWL	D	-0.22%
GWW	B	-0.22%
ELF	D	-0.22%
PCVX	C	-0.22%
SKX	D	-0.22%
NSIT	B	-0.21%
TOL	B	-0.21%
OSCR	D	-0.21%
VERA	D	-0.21%
ESTC	D	-0.2%
CLSK	D	-0.2%
IESC	C	-0.2%
EXP	B	-0.19%
BLBD	D	-0.19%
CVNA	C	-0.19%
TDW	C	-0.19%
TPX	C	-0.19%
SKWD	B	-0.19%
BX	B	-0.19%
LIN	B	-0.19%
AXON	C	-0.19%
NVT	D	-0.18%
TMHC	B	-0.18%
ALPN	F	-0.18%
CRNX	C	-0.18%
CPRT	D	-0.18%
LBPH	C	-0.17%
RUSHA	B	-0.17%
NAT	F	-0.17%
OC	B	-0.17%
RS	C	-0.17%
NTRA	D	-0.17%
ACGL	D	-0.17%
JPM	B	-0.17%
GTLB	D	-0.17%
S	C	-0.17%
IONS	C	-0.16%
AKAM	D	-0.16%
CDRE	C	-0.16%
ACLX	C	-0.16%
TARS	F	-0.16%
CARR	B	-0.16%
CAH	D	-0.16%
ASPN	D	-0.16%
SMMT	C	-0.16%
BPOP	B	-0.16%
HUBB	C	-0.16%
AMRX	C	-0.15%
IMVT	D	-0.15%
LMB	B	-0.15%
MARA	D	-0.15%
ZS	F	-0.15%
NKTX	D	-0.15%
MDB	F	-0.15%
MTH	B	-0.15%
EWTX	D	-0.15%
COLL	B	-0.15%
EYPT	D	-0.14%
CW	A	-0.14%
ARDX	F	-0.14%
PRI	B	-0.14%
RXST	F	-0.14%
ALT	F	-0.13%
LQDA	D	-0.13%
ADMA	C	-0.13%
MTG	B	-0.13%
CASY	B	-0.13%
XMTR	D	-0.13%
EOLS	C	-0.13%
WRB	B	-0.13%
FOR	F	-0.13%
PBF	F	-0.13%
IDYA	C	-0.13%
LII	B	-0.13%
RYTM	C	-0.13%
DFH	C	-0.13%
GPOR	D	-0.13%
OLMA	C	-0.13%
HCI	D	-0.12%
DVA	D	-0.12%
MGNX	F	-0.12%
ACMR	F	-0.12%
GPS	D	-0.12%
MSGE	B	-0.12%
ORI	A	-0.12%
ANIP	B	-0.12%
EHC	B	-0.12%
OMF	B	-0.12%
ROST	D	-0.12%
WEAV	D	-0.12%
NUVL	C	-0.12%
METC	D	-0.12%
IOVA	D	-0.12%
YMAB	C	-0.12%
IRON	D	-0.12%
KRYS	B	-0.12%
SOUN	C	-0.12%
JANX	F	-0.12%
UTI	B	-0.12%
ALXO	F	-0.11%
KD	C	-0.11%
GNW	B	-0.11%
INSM	C	-0.11%
CABA	F	-0.11%
MUSA	C	-0.11%
ORIC	C	-0.11%
SRRK	F	-0.11%
DYN	C	-0.11%
BAH	D	-0.11%
SANA	F	-0.11%
BBIO	F	-0.11%
KALV	C	-0.1%
PTGX	C	-0.1%
TDS	C	-0.1%
KURA	D	-0.1%
ALL	C	-0.1%
PWR	D	-0.1%
PNR	B	-0.1%
SPNT	B	-0.1%
OCUL	C	-0.1%
UWMC	B	-0.1%
DVAX	F	-0.09%
PETQ	C	-0.09%
KROS	C	-0.09%
WIRE	A	-0.09%
BELFB	B	-0.09%
MLI	B	-0.09%
DUOL	F	-0.09%
WULF	C	-0.09%
PCOR	C	-0.09%
UEC	F	-0.09%
SWTX	F	-0.09%
RXRX	F	-0.09%
WSO	C	-0.09%
ACVA	D	-0.08%
RGA	A	-0.08%
PVH	F	-0.08%
XERS	C	-0.08%
PRCT	D	-0.08%
EU	F	-0.08%
BRO	A	-0.08%
INZY	C	-0.08%
LXRX	C	-0.08%
FSLY	D	-0.08%
FRSH	F	-0.08%
LEU	F	-0.08%
APPF	D	-0.08%
CRDO	D	-0.08%
ACIC	C	-0.08%
MDXG	C	-0.08%
QTRX	F	-0.08%
KNSA	B	-0.08%
GSHD	B	-0.08%
CGEM	D	-0.08%
RCKT	D	-0.08%
WINA	C	-0.08%
CPAY	C	-0.08%
DMRC	C	-0.07%
CDLX	F	-0.07%
VECO	D	-0.07%
MRSN	F	-0.07%
THC	B	-0.07%
IT	B	-0.07%
URGN	C	-0.07%
SM	D	-0.07%
BASE	F	-0.07%
ALKT	C	-0.07%
AFL	A	-0.07%
CBOE	C	-0.07%
CIFR	C	-0.07%
GKOS	C	-0.07%
NET	D	-0.07%
JOE	C	-0.07%
ITCI	B	-0.07%
FRPT	D	-0.07%
SPOK	C	-0.06%
CMCSA	C	-0.06%
ACHR	D	-0.06%
MTSI	D	-0.06%
LEN	B	-0.06%
FG	C	-0.06%
PFGC	C	-0.06%
TPH	C	-0.06%
DDOG	F	-0.06%
INOD	C	-0.06%
AUR	C	-0.06%
AOS	C	-0.06%
BRZE	D	-0.06%
RIOT	F	-0.06%
VCEL	C	-0.06%
MOH	D	-0.06%
INST	F	-0.06%
USFD	C	-0.06%
ARCT	F	-0.06%
TWST	C	-0.06%
OSW	C	-0.06%
PAG	B	-0.05%
IAS	D	-0.05%
ALTR	D	-0.05%
KRUS	F	-0.05%
PWSC	C	-0.05%
GOGL	D	-0.05%
JXN	B	-0.05%
VRNS	B	-0.05%
RL	D	-0.05%
AGYS	B	-0.05%
SQSP	A	-0.05%
MRNS	D	-0.05%
TGI	C	-0.05%
HDSN	F	-0.05%
PATH	F	-0.05%
MIRM	C	-0.05%
ACAD	D	-0.05%
FDMT	F	-0.05%
ARVN	F	-0.05%
AXSM	C	-0.05%
ACT	B	-0.05%
ARLO	C	-0.05%
CECO	C	-0.05%
PRO	F	-0.05%
EVR	B	-0.05%
ODFL	C	-0.04%
DPZ	F	-0.04%
SEMR	C	-0.04%
OWL	C	-0.04%
UHAL	B	-0.04%
UFPT	B	-0.04%
TTI	D	-0.04%
MIR	D	-0.04%
FDX	B	-0.04%
INTA	D	-0.04%
OSUR	D	-0.04%
COUR	D	-0.04%
UPWK	D	-0.04%
NRDY	D	-0.04%
AVAV	D	-0.04%
PAR	C	-0.04%
APLS	F	-0.04%
AMK	C	-0.04%
LOB	B	-0.04%
VYGR	C	-0.04%
NABL	D	-0.03%
TEAM	D	-0.03%
WDC	D	-0.03%
AMAL	C	-0.03%
GSAT	D	-0.03%
LYTS	B	-0.03%
CVRX	F	-0.03%
MSI	A	-0.03%
BSX	D	-0.03%
NWSA	B	-0.03%
DV	D	-0.03%
MBIN	C	-0.03%
DAKT	B	-0.03%
MITK	C	-0.03%
GPI	B	-0.03%
FNF	B	-0.03%
UPST	C	-0.03%
CCL	D	-0.02%
JOBY	C	-0.02%
BTBT	C	-0.02%
RRGB	F	-0.02%
ARCH	F	-0.02%
ASC	C	-0.02%
CACI	A	-0.02%
UFPI	B	-0.02%
LAD	C	-0.02%
NEO	C	-0.02%
SPNS	C	-0.02%
ATRO	B	-0.02%
APLD	D	-0.01%