FNDC vs. ISCF ETF Comparison

Comparison of Schwab Fundamental International Small Company Index ETF (FNDC) to iShares FactorSelect MSCI Intl Small-Cap ETF (ISCF)

FNDC

Schwab Fundamental International Small Company Index ETF

FNDC Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Developed ex-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, including depositary receipts representing securities of the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$35.83

Average Daily Volume

147,897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ISCF

iShares FactorSelect MSCI Intl Small-Cap ETF

ISCF Description

The investment seeks to track the investment results of the MSCI World ex USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to select equity securities from MSCI World ex USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.21

Average Daily Volume

39,903

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNDC	ISCF
30 Days	2.25%	2.12%
60 Days	1.30%	1.78%
90 Days	4.44%	5.12%
12 Months	7.94%	9.33%

7 Overlapping Holdings

Symbol	Grade	Weight in FNDC	Weight in ISCF	Overlap
BWLP	D	0.07%	0.14%	0.07%
DOOO	D	0.06%	0.2%	0.06%
IAG	C	0.09%	0.03%	0.03%
OPRA	D	0.01%	0.06%	0.01%
PRMW	D	0.11%	0.06%	0.06%
TAC	D	0.08%	0.2%	0.08%
TCI	D	0.11%	0.11%	0.11%

FNDC Overweight 31 Positions Relative to ISCF

Symbol	Grade	Weight
RBA	B	0.14%
SHOP	D	0.11%
QGEN	D	0.1%
ASTL	F	0.09%
AEI	C	0.09%
PDS	C	0.06%
CRTO	B	0.03%
YY	C	0.03%
GOGL	D	0.03%
SE	B	0.03%
HAFN	F	0.02%
MLCO	F	0.02%
KLIC	C	0.02%
CSIQ	D	0.02%
DOLE	B	0.02%
SPOT	D	0.02%
CSTM	D	0.02%
GTX	D	0.01%
BUR	D	0.01%
DAVA	D	0.01%
MX	D	0.01%
ALKS	F	0.01%
ELBM	F	0.01%
TNK	D	0.01%
SEDG	F	0.01%
MERC	F	0.01%
CMPR	C	0.01%
XRX	F	0.01%
SFL	D	0.01%
CUK	B	0.01%
FUTU	D	0.01%

FNDC Underweight 5 Positions Relative to ISCF

Symbol	Grade	Weight
LOGI	D	-0.6%
MNTX	F	-0.04%
IMCR	F	-0.04%
ASND	C	-0.02%
GCBC	C	-0.01%