DES vs. FNDA ETF Comparison

Comparison of SmallCap Dividend Fund (DES) to Schwab Fundamental U.S. Small Company Index ETF (FNDA)

DES

SmallCap Dividend Fund

DES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the U.S. dividend-paying market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.71

Average Daily Volume

115,315

Number of Holdings ^*

573

* may have additional holdings in another (foreign) market

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

$54.65

Average Daily Volume

279,841

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

Performance

Period	DES	FNDA
30 Days	-3.91%	-2.93%
60 Days	-1.20%	1.64%
90 Days	-2.57%	-1.96%
12 Months	11.82%	12.79%

343 Overlapping Holdings

Symbol	Grade	Weight in DES	Weight in FNDA	Overlap
AAN	B	0.04%	0.06%	0.04%
AAT	B	0.07%	0.06%	0.06%
ABCB	C	0.15%	0.1%	0.1%
ACA	B	0.18%	0.17%	0.17%
ACCO	F	0.12%	0.08%	0.08%
AEIS	B	0.19%	0.1%	0.1%
AGM	C	0.17%	0.01%	0.01%
AGX	B	0.19%	0.07%	0.07%
AIN	D	0.15%	0.09%	0.09%
AKR	B	0.09%	0.07%	0.07%
ALE	B	0.83%	0.18%	0.18%
ALEX	C	0.08%	0.09%	0.08%
ALG	F	0.11%	0.07%	0.07%
AMRK	D	0.04%	0.13%	0.04%
AMSF	F	0.25%	0.01%	0.01%
APOG	D	0.22%	0.13%	0.13%
ARCB	F	0.12%	0.17%	0.12%
ARKO	C	0.08%	0.03%	0.03%
AROC	D	0.66%	0.14%	0.14%
ASB	D	0.44%	0.19%	0.19%
ASIX	F	0.11%	0.06%	0.06%
ASTE	F	0.09%	0.06%	0.06%
ATNI	D	0.07%	0.02%	0.02%
AUB	D	0.29%	0.02%	0.02%
AVA	D	0.5%	0.16%	0.16%
AVNT	C	0.44%	0.22%	0.22%
AWR	D	0.31%	0.05%	0.05%
AZZ	C	0.17%	0.13%	0.13%
BANF	D	0.22%	0.03%	0.03%
BANR	B	0.17%	0.09%	0.09%
BBSI	A	0.12%	0.05%	0.05%
BCO	A	0.3%	0.17%	0.17%
BDC	B	0.18%	0.14%	0.14%
BGC	C	0.15%	0.12%	0.12%
BGS	F	0.19%	0.1%	0.1%
BHE	B	0.22%	0.24%	0.22%
BHLB	D	0.09%	0.01%	0.01%
BKE	C	0.35%	0.08%	0.08%
BKH	C	0.58%	0.21%	0.21%
BKU	C	0.22%	0.23%	0.22%
BLMN	F	0.25%	0.08%	0.08%
BNL	B	0.65%	0.05%	0.05%
BOH	F	0.29%	0.12%	0.12%
BRKL	F	0.07%	0.04%	0.04%
BRY	F	0.14%	0.05%	0.05%
BSIG	D	0.04%	0.11%	0.04%
BUSE	C	0.14%	0.06%	0.06%
CABO	D	0.19%	0.11%	0.11%
CACC	D	0.24%	0.18%	0.18%
CACC	D	0.24%	0.09%	0.09%
CAKE	B	0.29%	0.07%	0.07%
CAL	C	0.13%	0.07%	0.07%
CALM	D	0.12%	0.13%	0.12%
CASH	B	0.07%	0.05%	0.05%
CATY	C	0.41%	0.12%	0.12%
CBL	B	0.04%	0.06%	0.04%
CBRL	F	0.27%	0.1%	0.1%
CBU	D	0.26%	0.08%	0.08%
CCOI	F	0.52%	0.05%	0.05%
CCS	D	0.18%	0.17%	0.17%
CFFN	C	0.12%	0.05%	0.05%
CHCO	C	0.18%	0.04%	0.04%
CLB	B	0.07%	0.04%	0.04%
CLDT	F	0.03%	0.03%	0.03%
CMCO	F	0.1%	0.05%	0.05%
CMP	F	0.06%	0.04%	0.04%
CNMD	F	0.1%	0.05%	0.05%
CNOB	F	0.05%	0.03%	0.03%
CNS	B	0.58%	0.06%	0.06%
CNXN	C	0.09%	0.08%	0.08%
CPF	C	0.05%	0.04%	0.04%
CPK	D	0.23%	0.06%	0.06%
CRAI	B	0.18%	0.05%	0.05%
CRC	D	0.44%	0.15%	0.15%
CRGY	C	0.2%	0.01%	0.01%
CRS	C	0.32%	0.2%	0.2%
CSGS	D	0.18%	0.06%	0.06%
CSR	B	0.06%	0.04%	0.04%
CSV	C	0.1%	0.03%	0.03%
CSWI	A	0.19%	0.06%	0.06%
CTRE	B	0.22%	0.01%	0.01%
CTS	B	0.1%	0.06%	0.06%
CUZ	C	0.32%	0.16%	0.16%
CVBF	D	0.28%	0.09%	0.09%
CVGW	F	0.08%	0.06%	0.06%
CVI	F	0.8%	0.07%	0.07%
CWH	F	0.11%	0.04%	0.04%
CWT	D	0.23%	0.07%	0.07%
DBI	D	0.08%	0.06%	0.06%
DBRG	F	0.1%	0.21%	0.1%
DEA	B	0.07%	0.05%	0.05%
DEI	C	0.1%	0.18%	0.1%
DHC	C	0.03%	0.26%	0.03%
DHIL	F	0.05%	0.03%	0.03%
DIN	D	0.14%	0.03%	0.03%
DLX	B	0.24%	0.16%	0.16%
DNUT	F	0.12%	0.01%	0.01%
DRH	D	0.08%	0.12%	0.08%
EBC	D	0.24%	0.05%	0.05%
EBF	B	0.17%	0.05%	0.05%
EFSC	D	0.09%	0.04%	0.04%
EGBN	D	0.09%	0.04%	0.04%
EIG	C	0.11%	0.08%	0.08%
EMBC	C	0.12%	0.11%	0.11%
ENR	C	0.31%	0.09%	0.09%
ENS	B	0.27%	0.22%	0.22%
EPAC	B	0.1%	0.05%	0.05%
EPC	B	0.17%	0.12%	0.12%
EPR	C	0.76%	0.13%	0.13%
EPRT	B	0.56%	0.04%	0.04%
ESE	D	0.12%	0.07%	0.07%
ESRT	D	0.07%	0.09%	0.07%
ETD	D	0.18%	0.05%	0.05%
EVTC	D	0.09%	0.06%	0.06%
EXPI	F	0.07%	0.04%	0.04%
FBK	C	0.09%	0.01%	0.01%
FBNC	D	0.09%	0.03%	0.03%
FBP	C	0.48%	0.1%	0.1%
FCF	D	0.14%	0.05%	0.05%
FCPT	B	0.11%	0.04%	0.04%
FFBC	D	0.39%	0.09%	0.09%
FHB	C	0.39%	0.17%	0.17%
FIBK	C	0.58%	0.09%	0.09%
FRME	D	0.24%	0.07%	0.07%
FULT	C	0.33%	0.13%	0.13%
GBX	D	0.22%	0.18%	0.18%
GEF	F	0.27%	0.12%	0.12%
GES	F	0.26%	0.07%	0.07%
GFF	D	0.28%	0.11%	0.11%
GHC	D	0.15%	0.21%	0.15%
GIC	F	0.18%	0.01%	0.01%
GTN	F	0.09%	0.09%	0.09%
GTY	D	0.1%	0.03%	0.03%
GVA	B	0.17%	0.2%	0.17%
HAFC	D	0.04%	0.03%	0.03%
HAYN	D	0.12%	0.01%	0.01%
HCC	D	0.15%	0.34%	0.15%
HEES	F	0.17%	0.09%	0.09%
HFWA	F	0.08%	0.03%	0.03%
HI	D	0.27%	0.13%	0.13%
HIBB	A	0.14%	0.17%	0.14%
HL	D	0.16%	0.08%	0.08%
HLIO	C	0.12%	0.02%	0.02%
HMN	D	0.13%	0.07%	0.07%
HNI	B	0.27%	0.17%	0.17%
HOPE	D	0.19%	0.1%	0.1%
HP	F	0.35%	0.21%	0.21%
HRI	D	0.31%	0.17%	0.17%
HSII	B	0.12%	0.04%	0.04%
HTH	D	0.1%	0.11%	0.1%
HTLD	C	0.07%	0.04%	0.04%
HTLF	B	0.17%	0.08%	0.08%
HVT	F	0.12%	0.06%	0.06%
HWC	D	0.31%	0.18%	0.18%
HWKN	B	0.18%	0.06%	0.06%
HY	B	0.21%	0.01%	0.01%
IBOC	C	0.38%	0.1%	0.1%
IBTX	B	0.18%	0.07%	0.07%
ICFI	D	0.12%	0.09%	0.09%
IDCC	A	0.29%	0.11%	0.11%
IIIN	D	0.06%	0.01%	0.01%
IIPR	B	0.4%	0.01%	0.01%
IMKTA	F	0.07%	0.16%	0.07%
INDB	F	0.22%	0.06%	0.06%
IOSP	D	0.26%	0.14%	0.14%
IRT	A	0.19%	0.06%	0.06%
IVT	D	0.07%	0.01%	0.01%
JACK	F	0.12%	0.1%	0.1%
JBGS	C	0.07%	0.12%	0.07%
JBSS	D	0.2%	0.06%	0.06%
JBT	C	0.15%	0.1%	0.1%
JJSF	B	0.33%	0.08%	0.08%
KAI	B	0.15%	0.07%	0.07%
KALU	D	0.33%	0.14%	0.14%
KELYA	C	0.09%	0.2%	0.09%
KFRC	D	0.17%	0.08%	0.08%
KFY	B	0.22%	0.21%	0.21%
KLG	F	0.37%	0.07%	0.07%
KLIC	C	0.19%	0.11%	0.11%
KMPR	C	0.27%	0.29%	0.27%
KMT	D	0.26%	0.15%	0.15%
KOP	F	0.07%	0.07%	0.07%
KRNY	F	0.05%	0.03%	0.03%
KTB	B	0.52%	0.13%	0.13%
KW	C	0.1%	0.08%	0.08%
KWR	F	0.16%	0.06%	0.06%
LBRT	D	0.31%	0.14%	0.14%
LCII	F	0.36%	0.16%	0.16%
LKFN	D	0.12%	0.04%	0.04%
LNN	D	0.11%	0.04%	0.04%
LTC	B	0.12%	0.04%	0.04%
LXP	B	0.17%	0.09%	0.09%
LZB	B	0.15%	0.14%	0.14%
MAC	D	0.18%	0.26%	0.18%
MATW	F	0.12%	0.06%	0.06%
MATX	B	0.25%	0.07%	0.07%
MC	D	0.49%	0.16%	0.16%
MCY	C	0.24%	0.14%	0.14%
MEI	F	0.04%	0.03%	0.03%
MGEE	D	0.36%	0.08%	0.08%
MGPI	F	0.08%	0.01%	0.01%
MGRC	D	0.21%	0.08%	0.08%
MLKN	D	0.22%	0.17%	0.17%
MMI	D	0.06%	0.05%	0.05%
MNRO	F	0.14%	0.06%	0.06%
MOV	D	0.09%	0.03%	0.03%
MRTN	C	0.11%	0.06%	0.06%
MSBI	D	0.05%	0.01%	0.01%
MTRN	F	0.11%	0.07%	0.07%
MTX	B	0.14%	0.18%	0.14%
MWA	C	0.24%	0.11%	0.11%
MYE	F	0.12%	0.03%	0.03%
NBHC	B	0.12%	0.01%	0.01%
NBTB	C	0.16%	0.06%	0.06%
NHC	A	0.28%	0.1%	0.1%
NHI	B	0.51%	0.09%	0.09%
NIC	D	0.05%	0.01%	0.01%
NMRK	C	0.07%	0.11%	0.07%
NNI	C	0.13%	0.07%	0.07%
NOG	D	0.57%	0.02%	0.02%
NPK	D	0.14%	0.03%	0.03%
NPO	D	0.2%	0.09%	0.09%
NSA	A	0.71%	0.07%	0.07%
NUS	F	0.16%	0.13%	0.13%
NWBI	C	0.29%	0.06%	0.06%
NWE	D	0.52%	0.16%	0.16%
NWN	F	0.27%	0.07%	0.07%
NX	F	0.08%	0.07%	0.07%
OCFC	D	0.13%	0.04%	0.04%
OFG	C	0.18%	0.06%	0.06%
OGS	F	0.54%	0.16%	0.16%
OTTR	D	0.45%	0.11%	0.11%
OXM	D	0.21%	0.07%	0.07%
PATK	C	0.36%	0.15%	0.15%
PBI	C	0.21%	0.14%	0.14%
PCH	F	0.15%	0.15%	0.15%
PDCO	D	0.32%	0.16%	0.16%
PEB	D	0.08%	0.09%	0.08%
PEBO	D	0.22%	0.01%	0.01%
PFBC	C	0.14%	0.01%	0.01%
PFC	D	0.1%	0.04%	0.04%
PFS	D	0.29%	0.08%	0.08%
PGRE	F	0.05%	0.13%	0.05%
PHIN	D	0.33%	0.15%	0.15%
PINC	F	0.34%	0.15%	0.15%
PIPR	B	0.17%	0.13%	0.13%
PJT	B	0.1%	0.05%	0.05%
PKST	F	0.02%	0.01%	0.01%
PLOW	F	0.13%	0.03%	0.03%
PNM	D	0.43%	0.16%	0.16%
PPBI	F	0.31%	0.08%	0.08%
PRDO	D	0.23%	0.09%	0.09%
PRGS	F	0.14%	0.04%	0.04%
PRK	B	0.22%	0.07%	0.07%
PSMT	D	0.16%	0.16%	0.16%
PTVE	F	0.27%	0.08%	0.08%
PZZA	F	0.17%	0.03%	0.03%
RDUS	F	0.08%	0.08%	0.08%
RES	F	0.15%	0.03%	0.03%
REVG	B	0.16%	0.1%	0.1%
RGP	F	0.07%	0.04%	0.04%
RGR	F	0.1%	0.07%	0.07%
RLJ	D	0.07%	0.13%	0.07%
ROIC	D	0.07%	0.06%	0.06%
RRR	C	0.29%	0.09%	0.09%
RYI	F	0.1%	0.05%	0.05%
SAFT	C	0.13%	0.08%	0.08%
SAH	C	0.17%	0.15%	0.15%
SASR	B	0.17%	0.06%	0.06%
SBCF	F	0.16%	0.01%	0.01%
SBRA	A	0.55%	0.17%	0.17%
SBSI	D	0.09%	0.04%	0.04%
SCHL	D	0.12%	0.08%	0.08%
SCL	D	0.17%	0.14%	0.14%
SCS	C	0.24%	0.17%	0.17%
SCVL	B	0.16%	0.07%	0.07%
SEM	B	0.39%	0.23%	0.23%
SFNC	D	0.29%	0.11%	0.11%
SHEN	D	0.06%	0.06%	0.06%
SHO	D	0.1%	0.11%	0.1%
SHOO	B	0.4%	0.2%	0.2%
SHYF	D	0.09%	0.04%	0.04%
SITC	B	0.21%	0.13%	0.13%
SJW	F	0.22%	0.04%	0.04%
SKT	D	0.21%	0.1%	0.1%
SLVM	B	0.4%	0.29%	0.29%
SMG	C	0.6%	0.22%	0.22%
SMP	D	0.1%	0.06%	0.06%
SPB	B	0.31%	0.26%	0.26%
SR	D	0.53%	0.17%	0.17%
SRCE	C	0.13%	0.04%	0.04%
SSTK	F	0.17%	0.03%	0.03%
STBA	C	0.13%	0.05%	0.05%
STC	C	0.16%	0.19%	0.16%
STEP	B	0.23%	0.05%	0.05%
STRA	D	0.3%	0.11%	0.11%
SVC	D	0.08%	0.16%	0.08%
SWBI	D	0.15%	0.1%	0.1%
SXC	D	0.17%	0.09%	0.09%
SXI	D	0.15%	0.06%	0.06%
SXT	B	0.35%	0.16%	0.16%
TCBK	B	0.08%	0.04%	0.04%
TEX	D	0.21%	0.19%	0.19%
TILE	D	0.1%	0.1%	0.1%
TNC	C	0.17%	0.07%	0.07%
TOWN	D	0.2%	0.07%	0.07%
TPG	C	0.46%	0.13%	0.13%
TRMK	C	0.18%	0.1%	0.1%
TRN	B	0.36%	0.18%	0.18%
TRS	C	0.07%	0.06%	0.06%
UCBI	D	0.31%	0.08%	0.08%
UE	A	0.1%	0.09%	0.09%
UFCS	D	0.03%	0.04%	0.03%
UMBF	D	0.22%	0.13%	0.13%
UNF	F	0.11%	0.14%	0.11%
USPH	F	0.15%	0.03%	0.03%
UTL	D	0.19%	0.04%	0.04%
UVE	D	0.06%	0.05%	0.05%
UVV	D	0.31%	0.14%	0.14%
VBTX	C	0.12%	0.04%	0.04%
VCTR	D	0.53%	0.01%	0.01%
VGR	B	0.48%	0.08%	0.08%
VIRT	B	0.34%	0.17%	0.17%
VSEC	B	0.11%	0.01%	0.01%
VSTS	D	0.08%	0.08%	0.08%
WABC	D	0.17%	0.04%	0.04%
WAFD	D	0.16%	0.13%	0.13%
WASH	D	0.09%	0.03%	0.03%
WD	C	0.25%	0.15%	0.15%
WDFC	D	0.25%	0.05%	0.05%
WGO	F	0.15%	0.13%	0.13%
WHD	C	0.25%	0.05%	0.05%
WIRE	B	0.22%	0.27%	0.22%
WMK	C	0.18%	0.15%	0.15%
WNC	D	0.1%	0.08%	0.08%
WOR	F	0.36%	0.12%	0.12%
WSBC	D	0.24%	0.09%	0.09%
WSFS	C	0.12%	0.07%	0.07%
WTI	D	0.06%	0.01%	0.01%
WTTR	B	0.19%	0.05%	0.05%
WWW	B	0.23%	0.16%	0.16%
XHR	D	0.07%	0.12%	0.07%
ZEUS	F	0.07%	0.06%	0.06%

DES Overweight 231 Positions Relative to FNDA

Symbol	Grade	Weight
OGN	B	1.59%
TFSL	C	0.85%
KSS	D	0.71%
JWN	B	0.61%
KNTK	B	0.6%
TNL	C	0.58%
CRI	D	0.54%
XRX	F	0.54%
SLG	B	0.5%
KRO	B	0.48%
VAC	F	0.47%
LEG	F	0.39%
SLM	C	0.34%
TDS	C	0.32%
RUSHA	D	0.31%
BRC	B	0.3%
TGNA	D	0.3%
ABM	A	0.28%
VRTS	C	0.25%
GRNT	D	0.25%
AESI	D	0.25%
DK	F	0.23%
DAN	F	0.23%
WINA	D	0.22%
VSH	F	0.22%
POWL	C	0.21%
MCRI	C	0.19%
CNO	C	0.19%
BTU	D	0.18%
NAVI	D	0.18%
PRIM	B	0.18%
SFBS	D	0.18%
EGY	C	0.18%
BANC	D	0.16%
REPX	B	0.16%
NSSC	B	0.16%
ATRI	B	0.16%
UTZ	D	0.16%
ULH	D	0.16%
ALX	B	0.15%
PK	D	0.15%
LMAT	B	0.15%
ALGT	F	0.15%
KRT	B	0.15%
WERN	F	0.15%
RNST	D	0.14%
YOU	B	0.14%
GRC	B	0.14%
JOE	D	0.14%
MLR	B	0.14%
ANDE	D	0.13%
NGVC	B	0.13%
CDRE	D	0.13%
ANET	B	0.13%
CTBI	D	0.13%
GABC	B	0.13%
ARCH	D	0.13%
UWMC	B	0.12%
HCKT	D	0.12%
ATEN	D	0.12%
SAVE	D	0.12%
USLM	B	0.12%
SPTN	F	0.12%
MSEX	F	0.11%
IMMR	B	0.11%
TPB	B	0.11%
TR	F	0.11%
VHI	B	0.11%
RBCAA	D	0.1%
MPX	F	0.1%
YORW	D	0.1%
SD	D	0.1%
NVEC	F	0.1%
AMSWA	F	0.09%
SLP	C	0.09%
LYTS	D	0.09%
ODC	F	0.09%
HPK	D	0.09%
SYBT	B	0.09%
SPOK	D	0.09%
VLGEA	D	0.08%
OFLX	F	0.08%
MBWM	C	0.08%
BHRB	D	0.08%
EE	B	0.08%
PKOH	D	0.08%
PKE	D	0.08%
HSTM	B	0.08%
HBT	D	0.08%
SGC	C	0.08%
LMNR	D	0.08%
NATH	C	0.08%
GWRS	D	0.08%
NWLI	A	0.08%
WEYS	C	0.08%
BELFB	C	0.08%
MBIN	D	0.08%
HTBK	D	0.08%
CLAR	C	0.07%
RNGR	D	0.07%
ALTG	D	0.07%
FISI	C	0.07%
MSB	D	0.07%
UMH	C	0.07%
LOB	D	0.07%
NTST	D	0.07%
MCBS	B	0.07%
FBMS	F	0.07%
HBNC	C	0.07%
TRAK	D	0.07%
RCKY	B	0.07%
TRST	D	0.07%
NRC	F	0.07%
ARTNA	D	0.07%
MLAB	F	0.07%
SOI	F	0.07%
GCMG	B	0.07%
DCOM	D	0.07%
THFF	D	0.07%
MCS	D	0.07%
FCBC	D	0.07%
PLPC	D	0.07%
GNE	F	0.06%
HBB	F	0.06%
RGCO	D	0.06%
FF	C	0.06%
NEWT	D	0.06%
UTMD	F	0.06%
RUSHB	F	0.06%
MCBC	A	0.06%
LCUT	D	0.06%
BY	B	0.06%
CCNE	D	0.05%
EPM	F	0.05%
ALRS	F	0.05%
AMAL	B	0.05%
NFBK	D	0.05%
CTO	B	0.05%
EVC	F	0.05%
LAKE	B	0.05%
ESCA	F	0.05%
ITIC	B	0.05%
IBCP	D	0.05%
JOUT	F	0.05%
RICK	F	0.05%
WSR	A	0.05%
ALCO	D	0.05%
BFS	D	0.05%
EML	D	0.05%
NC	D	0.05%
PHX	D	0.04%
OSBC	D	0.04%
GSBC	C	0.04%
CSPI	D	0.04%
DGICA	F	0.04%
AHH	C	0.04%
FLIC	F	0.04%
EQBK	C	0.04%
BSRR	B	0.04%
HURC	F	0.04%
CHCT	F	0.04%
GMRE	C	0.04%
CASS	D	0.04%
PLYM	C	0.04%
RELL	B	0.04%
TSQ	F	0.04%
BFC	D	0.04%
AMTB	D	0.04%
QCRH	D	0.04%
PAHC	B	0.04%
RM	C	0.04%
HCI	D	0.04%
NRIM	B	0.04%
HQI	F	0.04%
TWIN	F	0.04%
FMBH	D	0.04%
FFIC	D	0.04%
BHB	D	0.03%
CIVB	F	0.03%
CZNC	F	0.03%
LAND	C	0.03%
OBK	D	0.03%
FPI	B	0.03%
ACU	F	0.03%
SMBC	C	0.03%
GNTY	C	0.03%
WTBA	F	0.03%
CATC	D	0.03%
CAC	D	0.03%
PSTL	D	0.03%
HONE	C	0.03%
SHBI	F	0.03%
ORRF	D	0.03%
BSVN	B	0.03%
OLP	B	0.03%
BSET	C	0.03%
FMNB	D	0.03%
TIPT	D	0.03%
CATO	C	0.03%
SGA	F	0.03%
SMBK	C	0.03%
FRST	F	0.03%
OPY	B	0.03%
ARC	F	0.03%
PGC	F	0.03%
HOFT	F	0.03%
FSBC	C	0.03%
BRT	C	0.03%
RRBI	C	0.02%
CBNK	D	0.02%
FBIZ	C	0.02%
NECB	B	0.02%
ISTR	D	0.02%
SPFI	D	0.02%
FRBA	D	0.02%
III	F	0.02%
FSBW	C	0.02%
AROW	C	0.02%
RMR	D	0.02%
VOC	F	0.02%
BMRC	F	0.02%
UNTY	D	0.01%
OBT	D	0.01%
INBK	D	0.01%
FDBC	F	0.01%
MBCN	D	0.01%
PLBC	F	0.01%
NBN	B	0.01%
SSBK	C	0.01%
PINE	B	0.01%
FNWB	F	0.0%

DES Underweight 619 Positions Relative to FNDA

Symbol	Grade	Weight
ANF	B	-0.74%
COIN	C	-0.57%
SATS	C	-0.55%
SMCI	B	-0.46%
RCL	B	-0.44%
GME	C	-0.37%
TPC	B	-0.35%
SPOT	B	-0.32%
DY	B	-0.31%
CRUS	B	-0.31%
WWD	B	-0.3%
AGO	C	-0.3%
FICO	A	-0.29%
SWX	D	-0.29%
UTHR	A	-0.28%
TXRH	A	-0.28%
ELAN	B	-0.28%
CLH	A	-0.27%
FLS	C	-0.27%
GEO	D	-0.26%
CROX	B	-0.26%
VLTO	B	-0.26%
XPO	D	-0.26%
RDN	C	-0.25%
AGNC	A	-0.25%
UAL	D	-0.25%
SCCO	C	-0.25%
VRT	D	-0.24%
TTEK	B	-0.24%
OHI	A	-0.24%
SF	B	-0.24%
RNR	B	-0.24%
SPR	C	-0.24%
ESI	B	-0.23%
ASH	C	-0.23%
FRT	C	-0.23%
FIX	C	-0.23%
TROX	C	-0.23%
CBT	C	-0.23%
HEI	B	-0.23%
FN	B	-0.23%
ENTG	B	-0.23%
EBS	B	-0.23%
VMI	B	-0.22%
FCN	D	-0.22%
PRG	C	-0.22%
LOPE	D	-0.22%
URBN	B	-0.22%
GATX	B	-0.22%
CHRD	D	-0.22%
AMKR	B	-0.22%
MHO	C	-0.22%
WAL	D	-0.21%
GMS	D	-0.21%
LNW	B	-0.21%
AIT	C	-0.21%
AIRC	A	-0.21%
AWI	C	-0.21%
BWXT	C	-0.21%
AXS	B	-0.21%
KEX	B	-0.21%
SIG	D	-0.21%
EEFT	C	-0.2%
SRCL	B	-0.2%
FNB	C	-0.2%
COOP	B	-0.2%
MOG.A	C	-0.2%
TTMI	A	-0.2%
AMCX	D	-0.2%
HIW	B	-0.2%
GIII	D	-0.19%
KRC	F	-0.19%
SN	B	-0.19%
PLXS	C	-0.19%
OMI	D	-0.19%
CR	B	-0.19%
SAIA	B	-0.19%
ELS	C	-0.19%
WYNN	D	-0.19%
CADE	C	-0.18%
AMH	C	-0.18%
VNT	C	-0.18%
CBSH	C	-0.18%
PTEN	F	-0.18%
IDA	D	-0.18%
VVV	C	-0.18%
RPRX	D	-0.18%
ATGE	B	-0.18%
RXO	D	-0.18%
WTFC	C	-0.18%
WTM	B	-0.18%
DTM	A	-0.18%
COLM	B	-0.18%
SCSC	D	-0.18%
FUL	C	-0.18%
CXW	F	-0.18%
NYT	B	-0.18%
HXL	D	-0.18%
CSGP	F	-0.17%
WH	C	-0.17%
KNF	D	-0.17%
OZK	D	-0.17%
ADTN	C	-0.17%
PFSI	B	-0.17%
OLLI	B	-0.17%
MPWR	B	-0.17%
ESNT	B	-0.17%
CGNX	B	-0.17%
GMED	B	-0.17%
NNN	B	-0.17%
PB	D	-0.17%
FDS	C	-0.17%
SIX	B	-0.17%
LFUS	B	-0.17%
COLD	C	-0.17%
CUBE	B	-0.17%
MOD	D	-0.17%
HLI	D	-0.16%
SBH	F	-0.16%
B	B	-0.16%
NJR	D	-0.16%
NOMD	D	-0.16%
DNOW	D	-0.16%
Z	B	-0.16%
AGR	D	-0.16%
SUM	D	-0.16%
ACHC	D	-0.16%
APG	B	-0.16%
CWK	B	-0.16%
UAA	C	-0.16%
HLF	C	-0.16%
MAT	D	-0.16%
INCY	B	-0.16%
JELD	F	-0.16%
PNFP	D	-0.16%
H	C	-0.16%
SSD	D	-0.16%
APLE	D	-0.16%
CFR	D	-0.16%
WBS	D	-0.16%
CHDN	A	-0.16%
COLB	F	-0.16%
MTDR	D	-0.15%
ACIW	A	-0.15%
CNXC	C	-0.15%
ITRI	C	-0.15%
CSTM	D	-0.15%
FND	C	-0.15%
EAT	B	-0.15%
UBSI	D	-0.15%
SLAB	F	-0.15%
ATKR	F	-0.15%
HELE	F	-0.15%
LAUR	D	-0.14%
TDC	D	-0.14%
CEIX	C	-0.14%
AXL	F	-0.14%
NEU	D	-0.14%
YELP	F	-0.14%
BYD	D	-0.14%
DOLE	C	-0.14%
AMR	F	-0.14%
THS	D	-0.14%
BIO	D	-0.14%
KAR	D	-0.14%
OUT	D	-0.14%
ROL	A	-0.14%
RYN	C	-0.14%
ZM	D	-0.14%
BDN	D	-0.14%
VSCO	F	-0.14%
SIGI	F	-0.14%
FDP	D	-0.14%
ESAB	C	-0.14%
TREX	F	-0.14%
WMS	C	-0.14%
PDM	B	-0.14%
IPGP	F	-0.13%
ITGR	C	-0.13%
WTS	D	-0.13%
DIOD	B	-0.13%
AMED	F	-0.13%
AMWD	F	-0.13%
ZD	C	-0.13%
ONB	C	-0.13%
NVST	F	-0.13%
PPC	C	-0.13%
ARES	D	-0.13%
PINS	B	-0.13%
VEEV	D	-0.13%
DDS	D	-0.13%
BXMT	C	-0.13%
HE	F	-0.13%
LITE	B	-0.13%
AIR	C	-0.13%
BFAM	D	-0.13%
HPP	D	-0.13%
SITE	F	-0.13%
ENVA	C	-0.13%
EXEL	C	-0.13%
MTCH	F	-0.13%
APAM	D	-0.13%
CVLT	A	-0.13%
VSTO	C	-0.13%
MASI	B	-0.13%
DLB	D	-0.13%
SKY	C	-0.12%
GCI	B	-0.12%
ETSY	F	-0.12%
APP	B	-0.12%
WEX	F	-0.12%
GTES	D	-0.12%
COKE	B	-0.12%
ENSG	B	-0.12%
WEN	F	-0.12%
BRKR	D	-0.12%
RRC	D	-0.12%
CVCO	C	-0.12%
VLY	F	-0.12%
GBCI	D	-0.12%
TYL	B	-0.12%
LGIH	F	-0.12%
FELE	C	-0.12%
AMN	F	-0.12%
DASH	C	-0.12%
RGLD	C	-0.12%
FSS	D	-0.12%
AY	B	-0.11%
DXCM	C	-0.11%
SFL	C	-0.11%
PLNT	B	-0.11%
FORM	B	-0.11%
LRN	B	-0.11%
BOKF	D	-0.11%
UNIT	F	-0.11%
BOOT	B	-0.11%
TPL	B	-0.11%
CLW	B	-0.11%
STAG	C	-0.11%
RH	F	-0.11%
LANC	C	-0.11%
IBP	D	-0.11%
SNDR	C	-0.11%
PTC	C	-0.11%
HCSG	F	-0.11%
TECH	C	-0.11%
NGVT	F	-0.11%
TNET	F	-0.11%
RIG	F	-0.11%
CNK	B	-0.11%
IAC	F	-0.11%
SKYW	B	-0.11%
ESGR	B	-0.11%
UCTT	B	-0.11%
SMTC	D	-0.11%
PLUS	D	-0.11%
ICUI	B	-0.1%
CCO	F	-0.1%
HAIN	C	-0.1%
AM	B	-0.1%
PMT	D	-0.1%
PECO	C	-0.1%
SYNA	D	-0.1%
ABNB	C	-0.1%
HGV	D	-0.1%
BMRN	C	-0.1%
MYRG	D	-0.1%
HAE	D	-0.1%
MATV	C	-0.1%
MRC	D	-0.1%
CNM	C	-0.1%
FR	D	-0.1%
PBH	C	-0.1%
VC	D	-0.1%
CDE	B	-0.1%
MKTX	F	-0.1%
DORM	B	-0.1%
MORN	C	-0.1%
ECPG	D	-0.1%
MELI	B	-0.1%
TCBI	D	-0.1%
HZO	C	-0.1%
CHX	C	-0.1%
BKD	D	-0.1%
MSA	C	-0.1%
ONTO	B	-0.1%
SNBR	F	-0.1%
CODI	D	-0.1%
MANH	B	-0.1%
BV	B	-0.1%
IGT	C	-0.1%
MD	D	-0.09%
THRM	D	-0.09%
TW	C	-0.09%
AZEK	D	-0.09%
OPCH	D	-0.09%
ROCK	D	-0.09%
KRG	B	-0.09%
KOS	F	-0.09%
NVRI	B	-0.09%
IBKR	B	-0.09%
NSP	D	-0.09%
MEDP	B	-0.09%
STRL	C	-0.09%
WDAY	D	-0.09%
DNB	F	-0.09%
PUMP	F	-0.09%
PAGS	F	-0.09%
CBZ	D	-0.09%
OSIS	D	-0.09%
AX	C	-0.09%
ARI	D	-0.09%
WSC	C	-0.09%
PSN	C	-0.09%
DHT	C	-0.09%
BCPC	B	-0.09%
TWLO	F	-0.09%
RHP	D	-0.09%
CMPR	D	-0.09%
ORA	C	-0.09%
EXLS	C	-0.09%
LGF.A	D	-0.09%
NTB	B	-0.09%
RLI	C	-0.09%
STNG	A	-0.09%
ENOV	F	-0.09%
GO	D	-0.08%
TUP	D	-0.08%
PLAY	F	-0.08%
FIVE	F	-0.08%
VSAT	F	-0.08%
MMSI	B	-0.08%
HLX	C	-0.08%
TBI	F	-0.08%
SBLK	C	-0.08%
CIVI	D	-0.08%
LADR	B	-0.08%
PRAA	D	-0.08%
BZH	D	-0.08%
ATSG	D	-0.08%
CNA	B	-0.08%
NTCT	D	-0.08%
CNSL	B	-0.08%
EGP	C	-0.08%
NTGR	B	-0.08%
CWEN	B	-0.08%
ATI	D	-0.08%
NBR	D	-0.08%
CNDT	F	-0.08%
GOLF	B	-0.08%
COTY	D	-0.08%
RNG	F	-0.08%
KN	B	-0.08%
SIRI	D	-0.08%
MODG	C	-0.08%
GNL	D	-0.08%
RAMP	D	-0.08%
RBC	B	-0.08%
TRIP	F	-0.08%
THRY	F	-0.08%
OEC	D	-0.08%
SAM	C	-0.08%
OLED	A	-0.08%
POWI	D	-0.08%
CENTA	D	-0.08%
AAL	F	-0.08%
ABR	B	-0.08%
ALK	C	-0.08%
WING	B	-0.07%
COMM	D	-0.07%
BMI	B	-0.07%
TALO	D	-0.07%
REXR	C	-0.07%
USNA	D	-0.07%
ENV	C	-0.07%
GLNG	B	-0.07%
VIAV	F	-0.07%
ILPT	F	-0.07%
JBLU	D	-0.07%
SENEA	D	-0.07%
GCO	F	-0.07%
ZIMV	D	-0.07%
MGY	C	-0.07%
ZUMZ	B	-0.07%
WFRD	C	-0.07%
EXPO	B	-0.07%
NBIX	C	-0.07%
PLTR	C	-0.07%
TRTX	B	-0.07%
INVA	B	-0.07%
EAF	F	-0.07%
OII	D	-0.07%
YETI	C	-0.07%
PSTG	B	-0.07%
ROG	C	-0.07%
AGRO	F	-0.07%
LYFT	F	-0.07%
PLAB	F	-0.07%
RWT	C	-0.06%
PR	D	-0.06%
VRRM	B	-0.06%
LPG	C	-0.06%
ICHR	D	-0.06%
OPEN	F	-0.06%
AAON	C	-0.06%
SABR	F	-0.06%
ROKU	F	-0.06%
TSE	F	-0.06%
AZTA	B	-0.06%
IRDM	F	-0.06%
ENPH	D	-0.06%
ADC	B	-0.06%
CORT	C	-0.06%
GWRE	A	-0.06%
TNP	B	-0.06%
HQY	B	-0.06%
CMRE	A	-0.06%
ROAD	B	-0.06%
GLOB	D	-0.06%
IART	C	-0.06%
AHCO	C	-0.06%
WRLD	F	-0.06%
EYE	F	-0.06%
CUBI	D	-0.06%
HALO	B	-0.06%
XP	F	-0.06%
RDNT	B	-0.06%
DAC	B	-0.06%
TNK	B	-0.06%
DXPE	C	-0.06%
SONO	F	-0.06%
PRA	F	-0.06%
DFIN	D	-0.06%
W	F	-0.06%
CHH	C	-0.06%
BSY	C	-0.06%
CPS	F	-0.06%
TTD	A	-0.06%
STNE	F	-0.06%
FTDR	B	-0.06%
NMIH	B	-0.06%
MERC	F	-0.06%
REYN	C	-0.06%
FFIN	D	-0.06%
TPIC	C	-0.05%
OPI	C	-0.05%
CLVT	D	-0.05%
GDOT	C	-0.05%
TRNO	C	-0.05%
HMST	C	-0.05%
ECVT	F	-0.05%
MYGN	B	-0.05%
CRK	C	-0.05%
VRNT	C	-0.05%
MRCY	F	-0.05%
SLGN	D	-0.05%
NOVT	B	-0.05%
NEOG	C	-0.05%
LIVN	C	-0.05%
SMPL	B	-0.05%
GLDD	B	-0.05%
ACLS	B	-0.05%
BJRI	B	-0.05%
MTW	F	-0.05%
CPNG	D	-0.05%
CNNE	D	-0.05%
PRFT	B	-0.05%
PRLB	F	-0.05%
SFIX	B	-0.05%
KTOS	B	-0.05%
RILY	F	-0.05%
GNK	C	-0.05%
ZWS	D	-0.05%
CWST	B	-0.05%
PAYC	F	-0.05%
ADUS	A	-0.05%
CHEF	B	-0.05%
GFS	C	-0.05%
UIS	F	-0.05%
QLYS	D	-0.05%
SGH	B	-0.05%
BLKB	D	-0.05%
CARG	B	-0.05%
GPRE	F	-0.05%
SPSC	B	-0.04%
BRSP	D	-0.04%
FIZZ	B	-0.04%
AVO	F	-0.04%
ALTO	F	-0.04%
IRBT	D	-0.04%
CARS	C	-0.04%
LSCC	F	-0.04%
KREF	D	-0.04%
SUPN	D	-0.04%
FLWS	C	-0.04%
PARR	F	-0.04%
AMBC	F	-0.04%
ALRM	D	-0.04%
SRI	F	-0.04%
DO	B	-0.04%
ALKS	C	-0.04%
ARCO	F	-0.04%
FWRD	D	-0.04%
OMCL	F	-0.04%
INSW	B	-0.04%
HASI	B	-0.04%
VAL	B	-0.04%
PEGA	C	-0.04%
AVNS	C	-0.04%
WOW	B	-0.04%
DCO	B	-0.04%
IHRT	F	-0.04%
BRBR	D	-0.04%
FOXF	C	-0.04%
CTRN	F	-0.04%
HURN	C	-0.04%
WOOF	C	-0.04%
COHU	C	-0.04%
ALIT	D	-0.03%
JRVR	F	-0.03%
BMBL	F	-0.03%
FLGT	D	-0.03%
CRMT	D	-0.03%
DAY	F	-0.03%
SNOW	F	-0.03%
BXC	F	-0.03%
DENN	D	-0.03%
CCSI	C	-0.03%
MODV	C	-0.03%
PTON	C	-0.03%
TMP	F	-0.03%
IPAR	F	-0.03%
ZI	F	-0.03%
EVRI	C	-0.03%
SEDG	F	-0.03%
RGEN	F	-0.03%
LBRDK	D	-0.03%
VREX	F	-0.03%
WOLF	D	-0.03%
NVEE	F	-0.03%
HOMB	C	-0.03%
CCRN	F	-0.03%
OPK	F	-0.03%
TDOC	F	-0.03%
TITN	F	-0.03%
DRQ	D	-0.03%
PODD	B	-0.03%
KE	D	-0.02%
RKT	B	-0.02%
HAYW	D	-0.02%
PETS	C	-0.02%
AMC	D	-0.02%
COMP	D	-0.02%
GSL	B	-0.02%
SSP	F	-0.02%
SLCA	B	-0.02%
PLCE	F	-0.02%
LESL	F	-0.02%
AVD	D	-0.02%
GPMT	F	-0.02%
RYAM	B	-0.02%
MED	F	-0.02%
OIS	D	-0.02%
SSYS	F	-0.02%
EXAS	D	-0.02%
PEN	F	-0.02%
TWI	F	-0.01%
EVH	F	-0.01%
AMPH	F	-0.01%
TBBK	C	-0.01%
CRNC	F	-0.01%
KNSL	D	-0.01%
ALGM	F	-0.01%
RUN	C	-0.01%
PCRX	C	-0.01%
CRVL	C	-0.01%
GDEN	D	-0.01%
INMD	D	-0.01%
CMTL	C	-0.01%
THR	D	-0.01%
GSM	F	-0.01%
DT	F	-0.01%
HLNE	B	-0.01%
SPWH	F	-0.01%
HOV	D	-0.01%
VIR	D	-0.01%
PRVA	F	-0.01%
LGND	C	-0.01%
SNEX	C	-0.01%
LYV	C	-0.01%
ASTH	B	-0.01%
LXU	F	-0.01%
ONEW	C	-0.01%
REX	F	-0.01%
CALX	C	-0.01%
PRM	B	-0.01%
CMTG	D	-0.01%
VTOL	C	-0.01%
AOSL	B	-0.01%
MXL	C	-0.01%
SGRY	F	-0.01%
OKTA	F	-0.01%
RMBS	F	-0.01%
AMRC	C	-0.01%
TTEC	F	-0.01%
NR	B	-0.01%
MBUU	D	-0.01%
TOST	C	-0.01%
TK	B	-0.01%
XPRO	B	-0.01%
CLOV	B	-0.01%
GRBK	B	-0.01%
RC	D	-0.01%
SBOW	C	-0.01%
AGL	D	-0.01%
NU	A	-0.01%
GPRO	F	-0.01%
CHGG	F	-0.0%
IRWD	F	-0.0%