FNDA vs. FHLC ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Fidelity MSCI Health Care Index ETF (FHLC)

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

$54.70

Average Daily Volume

274,992

Number of Holdings ^*

1004

* may have additional holdings in another (foreign) market

FHLC

Fidelity MSCI Health Care Index ETF

FHLC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Health Care Index, which represents the performance of the health care sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Health Care Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.43

Average Daily Volume

98,206

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FHLC
30 Days	-2.03%	-0.63%
60 Days	-0.39%	1.73%
90 Days	-0.92%	0.85%
12 Months	9.27%	9.09%

76 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FHLC	Overlap
ACHC	F	0.18%	0.1%	0.1%
ADUS	B	0.05%	0.03%	0.03%
AGL	D	0.03%	0.03%	0.03%
AHCO	D	0.04%	0.01%	0.01%
ALKS	D	0.03%	0.06%	0.03%
AMED	A	0.13%	0.05%	0.05%
AMN	F	0.15%	0.03%	0.03%
AMPH	F	0.0%	0.03%	0.0%
ASTH	C	0.02%	0.03%	0.02%
AVNS	F	0.03%	0.01%	0.01%
AZTA	D	0.06%	0.04%	0.04%
BIO	F	0.15%	0.09%	0.09%
BKD	C	0.09%	0.02%	0.02%
BMRN	D	0.11%	0.26%	0.11%
BRKR	F	0.12%	0.1%	0.1%
CCRN	F	0.02%	0.01%	0.01%
CHE	D	0.06%	0.13%	0.06%
CNMD	F	0.05%	0.03%	0.03%
CORT	C	0.07%	0.05%	0.05%
CRL	F	0.06%	0.17%	0.06%
CRVL	B	0.01%	0.04%	0.01%
DXCM	F	0.11%	0.71%	0.11%
ELAN	F	0.22%	0.14%	0.14%
EMBC	D	0.08%	0.01%	0.01%
ENOV	F	0.1%	0.04%	0.04%
ENSG	A	0.13%	0.11%	0.11%
EVH	F	0.0%	0.03%	0.0%
EXAS	F	0.03%	0.13%	0.03%
EXEL	C	0.14%	0.1%	0.1%
FLGT	F	0.02%	0.01%	0.01%
GMED	A	0.16%	0.12%	0.12%
HAE	D	0.1%	0.07%	0.07%
HALO	B	0.07%	0.11%	0.07%
HQY	B	0.06%	0.12%	0.06%
IART	C	0.07%	0.03%	0.03%
ICUI	B	0.11%	0.04%	0.04%
INCY	C	0.18%	0.16%	0.16%
INVA	B	0.05%	0.01%	0.01%
IRWD	F	0.01%	0.01%	0.01%
ITGR	D	0.12%	0.06%	0.06%
JAZZ	F	0.07%	0.1%	0.07%
LGND	B	0.01%	0.02%	0.01%
LIVN	D	0.05%	0.05%	0.05%
MASI	F	0.14%	0.1%	0.1%
MD	F	0.06%	0.01%	0.01%
MEDP	C	0.09%	0.17%	0.09%
MMSI	A	0.08%	0.08%	0.08%
MYGN	B	0.05%	0.04%	0.04%
NBIX	C	0.07%	0.22%	0.07%
NEOG	C	0.05%	0.05%	0.05%
NHC	A	0.1%	0.02%	0.02%
NVST	F	0.14%	0.05%	0.05%
OMCL	F	0.04%	0.02%	0.02%
OMI	F	0.16%	0.02%	0.02%
OPCH	F	0.1%	0.08%	0.08%
OPK	F	0.03%	0.01%	0.01%
PBH	C	0.11%	0.06%	0.06%
PCRX	F	0.01%	0.02%	0.01%
PDCO	F	0.19%	0.03%	0.03%
PEN	F	0.03%	0.1%	0.03%
PINC	F	0.17%	0.04%	0.04%
PODD	C	0.04%	0.24%	0.04%
PRVA	D	0.02%	0.03%	0.02%
RDNT	B	0.04%	0.06%	0.04%
RGEN	F	0.03%	0.11%	0.03%
RPRX	F	0.19%	0.16%	0.16%
SEM	A	0.24%	0.06%	0.06%
SGRY	F	0.02%	0.03%	0.02%
SUPN	F	0.04%	0.02%	0.02%
TDOC	F	0.05%	0.03%	0.03%
TECH	D	0.11%	0.18%	0.11%
USPH	F	0.02%	0.02%	0.02%
UTHR	B	0.3%	0.23%	0.23%
VEEV	F	0.13%	0.46%	0.13%
VIR	F	0.02%	0.01%	0.01%
VREX	F	0.02%	0.01%	0.01%

FNDA Overweight 928 Positions Relative to FHLC

Symbol	Grade	Weight
ANF	B	0.57%
SATS	B	0.45%
COIN	D	0.41%
SMCI	C	0.41%
RCL	B	0.41%
GME	C	0.33%
CRUS	A	0.31%
HCC	C	0.3%
TXRH	C	0.29%
FICO	A	0.29%
SWX	D	0.28%
KMPR	C	0.28%
TPC	B	0.28%
DY	B	0.28%
WWD	C	0.28%
AMKR	B	0.27%
FLS	D	0.27%
CLH	B	0.27%
MAC	D	0.26%
SLVM	C	0.26%
WIRE	A	0.26%
XPO	D	0.25%
VLTO	D	0.25%
RDN	B	0.25%
GEO	C	0.25%
OHI	A	0.25%
BKU	B	0.24%
TTEK	C	0.24%
UAL	D	0.24%
CROX	C	0.24%
SCCO	C	0.24%
SPR	B	0.24%
SPOT	B	0.24%
SF	B	0.24%
RXO	B	0.23%
ESI	B	0.23%
ENTG	B	0.23%
HEI	A	0.23%
AGO	B	0.23%
FCN	C	0.23%
AGNC	A	0.23%
SPB	D	0.23%
DBRG	D	0.22%
SIG	F	0.22%
AIT	B	0.22%
ENS	C	0.22%
ASH	D	0.22%
BKH	C	0.22%
GATX	B	0.22%
MHO	D	0.22%
BWXT	B	0.22%
HP	D	0.22%
URBN	C	0.22%
LNW	B	0.22%
VMI	C	0.22%
FRT	C	0.22%
ELS	C	0.21%
KFY	B	0.21%
SAIA	B	0.21%
SMG	D	0.21%
TTMI	A	0.21%
PRG	D	0.21%
FIX	C	0.21%
LOPE	C	0.21%
KEX	B	0.21%
AVNT	D	0.21%
CBT	D	0.21%
BHE	B	0.21%
WAL	B	0.21%
ADTN	F	0.2%
HIW	B	0.2%
GHC	C	0.2%
EBS	B	0.2%
MOG.A	C	0.2%
SRCL	A	0.2%
AWI	D	0.2%
CRS	B	0.2%
CR	B	0.2%
VRT	C	0.2%
AIRC	A	0.2%
FNB	C	0.2%
DHC	B	0.2%
COOP	C	0.2%
RNR	D	0.19%
TRN	C	0.19%
SR	C	0.19%
PLXS	C	0.19%
IDA	D	0.19%
WH	C	0.19%
WTFC	C	0.19%
PB	C	0.19%
KRC	D	0.19%
NYT	A	0.19%
FUL	D	0.19%
AMH	A	0.19%
HXL	D	0.19%
SHOO	C	0.19%
DTM	B	0.19%
COLD	C	0.19%
OLLI	B	0.19%
GVA	B	0.19%
EEFT	D	0.19%
PTEN	F	0.19%
TEX	D	0.19%
WTM	C	0.18%
BCO	B	0.18%
GBX	C	0.18%
OZK	D	0.18%
ATGE	A	0.18%
MLKN	D	0.18%
FN	C	0.18%
TROX	D	0.18%
GIII	F	0.18%
DEI	C	0.18%
CACC	B	0.18%
ALE	C	0.18%
ARCB	D	0.18%
SIX	B	0.18%
UAA	F	0.18%
COLM	D	0.18%
CXW	D	0.18%
STC	C	0.18%
HWC	B	0.18%
CBSH	C	0.18%
CUBE	B	0.18%
FDS	D	0.18%
CCS	F	0.18%
CADE	C	0.18%
WBS	D	0.18%
ASB	C	0.18%
WYNN	F	0.18%
GMS	F	0.18%
LFUS	C	0.18%
VVV	B	0.18%
NJR	D	0.17%
CHDN	A	0.17%
VIRT	C	0.17%
PSMT	D	0.17%
PNFP	D	0.17%
PNM	D	0.17%
Z	C	0.17%
MAT	F	0.17%
LCII	F	0.17%
MTDR	D	0.17%
PFSI	A	0.17%
MTX	B	0.17%
FHB	C	0.17%
HNI	B	0.17%
SSD	F	0.17%
ESNT	B	0.17%
SCS	B	0.17%
HRI	F	0.17%
CRC	B	0.17%
MPWR	A	0.17%
CSGP	F	0.17%
CWK	C	0.17%
CGNX	B	0.17%
VNT	D	0.17%
OGS	C	0.17%
SBRA	A	0.17%
NNN	B	0.17%
CFR	D	0.17%
IMKTA	F	0.17%
DNOW	C	0.16%
ZM	D	0.16%
FDP	F	0.16%
KMT	F	0.16%
SKYW	B	0.16%
JELD	D	0.16%
HLF	C	0.16%
AVA	D	0.16%
WMK	D	0.16%
CUZ	C	0.16%
UBSI	D	0.16%
MOD	A	0.16%
AGR	C	0.16%
HLI	A	0.16%
APG	C	0.16%
NOMD	D	0.16%
PCH	F	0.16%
PATK	C	0.16%
ATKR	F	0.16%
BYD	F	0.16%
KNF	D	0.16%
UNF	B	0.16%
MC	A	0.16%
SBH	C	0.16%
SVC	D	0.16%
NWE	D	0.16%
SN	C	0.16%
APLE	D	0.16%
B	B	0.16%
AXS	B	0.16%
ACA	D	0.16%
CALM	B	0.15%
LBRT	D	0.15%
LITE	B	0.15%
SUM	D	0.15%
SLAB	D	0.15%
LZB	C	0.15%
KELYA	C	0.15%
YELP	F	0.15%
UVV	F	0.15%
AMR	C	0.15%
WMS	D	0.15%
MTCH	F	0.15%
SIGI	F	0.15%
EAT	C	0.15%
H	C	0.15%
WD	D	0.15%
COLB	C	0.15%
VSCO	F	0.15%
TDC	C	0.15%
HELE	F	0.15%
ACIW	A	0.15%
THS	C	0.15%
ROL	A	0.15%
SXT	D	0.15%
KAR	C	0.14%
VSTO	B	0.14%
EPR	C	0.14%
SCSC	D	0.14%
GEF	F	0.14%
VLY	F	0.14%
PIPR	A	0.14%
APAM	D	0.14%
RIG	D	0.14%
SCL	D	0.14%
OUT	C	0.14%
AROC	B	0.14%
LAUR	C	0.14%
DIOD	D	0.14%
NEU	D	0.14%
AIR	B	0.14%
RYN	F	0.14%
BDC	C	0.14%
PHIN	C	0.14%
ONB	B	0.14%
SAH	D	0.14%
DLB	D	0.14%
ZD	F	0.14%
ESAB	D	0.14%
HE	F	0.14%
BXMT	C	0.14%
WGO	F	0.14%
WTS	D	0.13%
KALU	C	0.13%
GBCI	D	0.13%
IGT	D	0.13%
VSTS	F	0.13%
WWW	C	0.13%
GTES	D	0.13%
WEN	F	0.13%
CVLT	A	0.13%
FULT	D	0.13%
KTB	D	0.13%
TREX	F	0.13%
CHRD	C	0.13%
MCY	C	0.13%
DDS	C	0.13%
RLJ	F	0.13%
RRC	C	0.13%
DASH	D	0.13%
RGLD	C	0.13%
TYL	B	0.13%
ETSY	F	0.13%
FND	F	0.13%
JBGS	B	0.13%
IPGP	D	0.13%
HI	F	0.13%
LGIH	F	0.13%
EPC	B	0.13%
PINS	B	0.13%
SITE	F	0.13%
BFAM	C	0.13%
UMBF	B	0.13%
ITRI	C	0.13%
COKE	B	0.13%
PPC	A	0.13%
WAFD	C	0.13%
IOSP	D	0.13%
ARES	C	0.13%
CEIX	B	0.13%
HPP	D	0.13%
ENVA	B	0.13%
CATY	C	0.13%
TPG	D	0.12%
AZZ	D	0.12%
CVCO	D	0.12%
BOH	D	0.12%
RH	D	0.12%
CNXC	C	0.12%
IAC	F	0.12%
DRH	D	0.12%
DLX	B	0.12%
TNET	F	0.12%
CNM	D	0.12%
PTC	B	0.12%
CNK	B	0.12%
FSS	C	0.12%
AMWD	F	0.12%
SITC	A	0.12%
ABNB	B	0.12%
FELE	D	0.12%
SNDR	B	0.12%
APOG	C	0.12%
HIBB	A	0.12%
CHX	C	0.12%
SFNC	D	0.12%
JBLU	B	0.12%
WEX	D	0.12%
ECPG	D	0.11%
MORN	B	0.11%
ABCB	B	0.11%
JACK	F	0.11%
DOLE	C	0.11%
PDM	B	0.11%
TWLO	D	0.11%
CBRL	F	0.11%
VC	D	0.11%
BOOT	B	0.11%
CSTM	D	0.11%
TCBI	B	0.11%
AEIS	C	0.11%
UCTT	A	0.11%
OTTR	C	0.11%
UNIT	F	0.11%
STRA	C	0.11%
APP	A	0.11%
MSA	B	0.11%
TPL	B	0.11%
MKTX	F	0.11%
NGVT	F	0.11%
LANC	C	0.11%
PLUS	C	0.11%
HTH	C	0.11%
XHR	D	0.11%
STAG	B	0.11%
CABO	F	0.11%
PLNT	B	0.11%
SHO	D	0.11%
SKY	F	0.11%
BGC	C	0.11%
MANH	B	0.11%
CIVI	D	0.11%
GO	F	0.1%
ORA	C	0.1%
SYNA	D	0.1%
FFBC	C	0.1%
FIBK	B	0.1%
SMTC	D	0.1%
SIRI	C	0.1%
GFF	D	0.1%
SAM	C	0.1%
ICFI	D	0.1%
DNB	D	0.1%
DORM	C	0.1%
PSN	B	0.1%
ONTO	B	0.1%
MYRG	F	0.1%
HOPE	C	0.1%
AIN	D	0.1%
TRMK	C	0.1%
IBP	D	0.1%
IBOC	C	0.1%
BDN	D	0.1%
AM	B	0.1%
WDAY	D	0.1%
AXL	D	0.1%
WSC	F	0.1%
BOKF	C	0.1%
FORM	A	0.1%
PECO	C	0.1%
JBT	F	0.1%
WOR	F	0.1%
KOS	D	0.1%
LRN	C	0.1%
EXLS	B	0.1%
IDCC	A	0.1%
FR	C	0.1%
RLI	D	0.1%
PBI	B	0.1%
NMRK	C	0.1%
MWA	C	0.1%
HGV	F	0.1%
CBU	B	0.09%
HCSG	D	0.09%
CBZ	C	0.09%
TALO	D	0.09%
CNXN	D	0.09%
VSAT	F	0.09%
KFRC	D	0.09%
ALEX	B	0.09%
EGP	B	0.09%
NTCT	D	0.09%
CWEN	D	0.09%
ATI	C	0.09%
SLGN	D	0.09%
SCHL	F	0.09%
TW	C	0.09%
ESGR	A	0.09%
THRM	F	0.09%
GCI	A	0.09%
BLMN	F	0.09%
FSLR	C	0.09%
ROCK	D	0.09%
POWI	D	0.09%
IBKR	B	0.09%
CACC	B	0.09%
AMCX	F	0.09%
NSP	F	0.09%
AX	C	0.09%
CENTA	F	0.09%
RAMP	D	0.09%
FIVE	F	0.09%
RHP	D	0.09%
LXP	B	0.09%
ESRT	C	0.09%
WNC	D	0.09%
OLED	A	0.09%
WSBC	C	0.09%
NPO	D	0.09%
BCPC	A	0.09%
UE	A	0.09%
NHI	A	0.09%
ARI	D	0.09%
LGF.A	F	0.09%
BANR	B	0.09%
HEES	F	0.09%
MODG	D	0.09%
RRR	B	0.09%
CVBF	C	0.09%
KRG	B	0.09%
PPBI	D	0.09%
OSIS	D	0.09%
ENR	C	0.09%
PMT	C	0.09%
PGRE	C	0.09%
AMRK	D	0.09%
SKT	D	0.09%
ABR	B	0.09%
NWN	F	0.08%
REXR	C	0.08%
MRC	C	0.08%
CNA	B	0.08%
FRME	C	0.08%
KN	D	0.08%
CODI	C	0.08%
HZO	C	0.08%
BV	C	0.08%
HL	D	0.08%
TRIP	F	0.08%
OII	B	0.08%
SAFT	D	0.08%
OXM	D	0.08%
PFS	D	0.08%
AZEK	D	0.08%
KW	C	0.08%
PLTR	B	0.08%
CVI	F	0.08%
STNG	B	0.08%
CLW	D	0.08%
RYI	F	0.08%
CWT	D	0.08%
COTY	F	0.08%
MGEE	D	0.08%
OEC	F	0.08%
AY	B	0.08%
YETI	F	0.08%
MELI	D	0.08%
FBP	A	0.08%
HTLF	B	0.08%
LADR	A	0.08%
JJSF	B	0.08%
ROG	C	0.08%
VGR	B	0.08%
GNL	D	0.08%
GOLF	C	0.08%
STRL	D	0.08%
KLIC	B	0.08%
REVG	C	0.08%
SFL	B	0.08%
NUS	F	0.08%
MGY	B	0.08%
BSIG	C	0.08%
HLX	A	0.08%
WSFS	B	0.08%
EIG	B	0.08%
UCBI	D	0.08%
BKE	D	0.08%
MGRC	F	0.08%
RBC	C	0.08%
PRDO	C	0.08%
PEB	F	0.08%
CDE	B	0.08%
CNDT	D	0.07%
CNX	C	0.07%
ENV	C	0.07%
ANDE	F	0.07%
VRSN	C	0.07%
TNL	D	0.07%
JWN	B	0.07%
INDB	D	0.07%
ALG	F	0.07%
FTI	B	0.07%
REYN	D	0.07%
EYE	F	0.07%
WFRD	B	0.07%
PUMP	D	0.07%
NX	F	0.07%
TTD	A	0.07%
KOP	F	0.07%
IRDM	F	0.07%
HRB	A	0.07%
VSH	D	0.07%
IRT	A	0.07%
NMIH	A	0.07%
PAGS	D	0.07%
GTN	D	0.07%
NBR	D	0.07%
CAKE	C	0.07%
HAIN	D	0.07%
CSGS	F	0.07%
KAI	B	0.07%
PRK	B	0.07%
SLG	B	0.07%
NVRI	B	0.07%
PR	C	0.07%
NSA	B	0.07%
CAL	D	0.07%
NWBI	B	0.07%
MMS	B	0.07%
CHH	C	0.07%
FFIN	C	0.07%
GES	F	0.07%
GPRE	F	0.07%
TILE	D	0.07%
DHT	D	0.07%
SWBI	F	0.07%
LILAK	B	0.07%
AKR	A	0.07%
IBTX	B	0.07%
ROKU	D	0.07%
CCO	C	0.07%
CMPR	B	0.07%
VIAV	D	0.07%
PTVE	D	0.07%
ESE	D	0.07%
MRTN	C	0.07%
NTB	B	0.07%
TOWN	C	0.07%
EXPO	C	0.07%
SASR	B	0.07%
TNC	D	0.07%
KLG	D	0.07%
PSTG	C	0.07%
MTRN	D	0.07%
CPNG	D	0.07%
NOW	B	0.07%
PLAB	D	0.07%
FWRD	D	0.07%
RNG	D	0.07%
MATV	D	0.07%
BGS	F	0.07%
FCF	B	0.06%
ZUMZ	C	0.06%
CASH	B	0.06%
GLNG	A	0.06%
TBI	F	0.06%
SABR	F	0.06%
STBA	B	0.06%
JBSS	D	0.06%
AWR	D	0.06%
LPG	D	0.06%
PRAA	F	0.06%
CWST	B	0.06%
AEO	F	0.06%
THRY	F	0.06%
MATX	B	0.06%
ACLS	B	0.06%
MSM	F	0.06%
BZH	F	0.06%
ZIMV	B	0.06%
BLKB	D	0.06%
SGH	B	0.06%
GWRE	A	0.06%
W	D	0.06%
ICHR	C	0.06%
ENPH	F	0.06%
CNSL	B	0.06%
AGRO	D	0.06%
SBLK	C	0.06%
BUSE	B	0.06%
SNBR	F	0.06%
NTGR	C	0.06%
CSWI	A	0.06%
DBX	D	0.06%
AAT	B	0.06%
CARG	C	0.06%
CPK	C	0.06%
FOXF	D	0.06%
CCOI	D	0.06%
SXI	D	0.06%
ACCO	F	0.06%
LYFT	F	0.06%
CNS	B	0.06%
HOMB	C	0.06%
KWR	D	0.06%
FTDR	D	0.06%
QLYS	D	0.06%
PAYC	F	0.06%
VRRM	B	0.06%
AAL	F	0.06%
ROIC	C	0.06%
APO	A	0.06%
OPEN	F	0.06%
TRS	D	0.06%
SONO	F	0.06%
ADC	B	0.06%
AAN	B	0.06%
CUBI	B	0.06%
BLD	D	0.06%
HWKN	A	0.06%
BMI	C	0.06%
NBTB	B	0.06%
ALK	D	0.06%
BSY	D	0.06%
DFIN	D	0.06%
WING	B	0.06%
PLAY	F	0.06%
ATSG	C	0.06%
ETRN	D	0.06%
NNI	C	0.06%
AAON	B	0.06%
GFS	C	0.06%
HMN	D	0.06%
SXC	C	0.06%
WTRG	D	0.06%
EPRT	A	0.05%
ASTE	F	0.05%
VRNT	C	0.05%
DAC	B	0.05%
VAL	B	0.05%
PRA	F	0.05%
SJW	F	0.05%
STNE	D	0.05%
XP	F	0.05%
COMP	D	0.05%
AGX	C	0.05%
LOGC	C	0.05%
LBRDK	C	0.05%
CPS	D	0.05%
ILPT	F	0.05%
EAF	F	0.05%
CMRE	B	0.05%
TNK	B	0.05%
CMCO	F	0.05%
EXPI	F	0.05%
PARR	D	0.05%
VBTX	B	0.05%
MMI	D	0.05%
GLOB	C	0.05%
INSW	B	0.05%
PRGS	B	0.05%
MERC	F	0.05%
HTLD	C	0.05%
OFG	B	0.05%
FHI	B	0.05%
USNA	F	0.05%
NOVT	C	0.05%
TRNO	B	0.05%
MRCY	D	0.05%
GCO	F	0.05%
SENEA	C	0.05%
PJT	A	0.05%
WHD	B	0.05%
RGR	F	0.05%
COHU	B	0.05%
HURN	C	0.05%
KTOS	B	0.05%
SMPL	D	0.05%
PRFT	B	0.05%
EPAC	B	0.05%
CRK	C	0.05%
WDFC	F	0.05%
TRTX	A	0.05%
RDUS	F	0.05%
TUP	F	0.05%
DEA	B	0.05%
EBC	B	0.05%
ZWS	D	0.05%
CHEF	A	0.05%
ALIT	F	0.05%
SCVL	C	0.05%
ECVT	D	0.05%
ROAD	D	0.05%
BNL	B	0.05%
CTS	D	0.05%
BXC	F	0.05%
BRC	B	0.04%
GDOT	F	0.04%
EGBN	D	0.04%
MTW	F	0.04%
CLVT	D	0.04%
BJRI	B	0.04%
SSTK	F	0.04%
EBF	B	0.04%
FBNC	C	0.04%
GLDD	C	0.04%
TSE	F	0.04%
SPSC	B	0.04%
CVGW	F	0.04%
PRLB	D	0.04%
NVEE	F	0.04%
SEB	D	0.04%
LKFN	D	0.04%
HVT	F	0.04%
STEP	A	0.04%
ZI	F	0.04%
ETD	D	0.04%
UIS	D	0.04%
CNNE	D	0.04%
CARS	C	0.04%
BRY	D	0.04%
MATW	F	0.04%
ALRM	D	0.04%
CRAI	C	0.04%
GNK	C	0.04%
UVE	D	0.04%
RWT	B	0.04%
RES	F	0.04%
AUB	C	0.04%
WTTR	B	0.04%
LSCC	D	0.04%
SHEN	D	0.04%
DBI	F	0.04%
CFFN	B	0.04%
ZEUS	F	0.04%
PRIM	D	0.04%
COMM	F	0.04%
CHCO	B	0.04%
SSB	D	0.04%
HMST	B	0.04%
CWH	D	0.04%
MNRO	F	0.04%
LTC	A	0.04%
CBL	B	0.04%
EVTC	F	0.04%
SFIX	C	0.04%
DXPE	D	0.04%
FCPT	B	0.04%
LNN	D	0.04%
EFSC	B	0.04%
WRLD	D	0.04%
BRBR	C	0.04%
SMP	F	0.04%
TNP	B	0.04%
ASIX	F	0.04%
ARKO	C	0.03%
IVT	D	0.03%
NPK	D	0.03%
CMP	F	0.03%
SNAP	C	0.03%
BANF	D	0.03%
AVO	D	0.03%
CMTG	D	0.03%
RKT	C	0.03%
TOST	C	0.03%
BRSP	D	0.03%
BRKL	D	0.03%
IRBT	F	0.03%
PFC	C	0.03%
RC	D	0.03%
SRCE	B	0.03%
KREF	D	0.03%
IHRT	F	0.03%
DRQ	D	0.03%
HLIO	D	0.03%
HAYW	F	0.03%
XPRO	C	0.03%
FLWS	C	0.03%
FIZZ	B	0.03%
GRBK	C	0.03%
RGP	F	0.03%
WABC	C	0.03%
AMBC	F	0.03%
HASI	D	0.03%
NOG	C	0.03%
SRI	F	0.03%
AMC	D	0.03%
TCBK	B	0.03%
OPI	F	0.03%
PTON	F	0.03%
ARCO	D	0.03%
ALTO	F	0.03%
OCFC	B	0.03%
SBSI	D	0.03%
HSII	D	0.03%
DO	B	0.03%
WOLF	F	0.03%
SNOW	D	0.03%
CSR	B	0.03%
UFCS	D	0.03%
PZZA	F	0.03%
RILY	F	0.03%
SHYF	F	0.03%
CPF	B	0.03%
PEGA	D	0.03%
WOOF	C	0.03%
DCO	B	0.03%
TPIC	D	0.03%
UTL	C	0.03%
WOW	C	0.03%
CTRN	F	0.03%
ERIE	C	0.03%
BBSI	B	0.03%
CLB	B	0.03%
IPAR	F	0.03%
GPMT	F	0.02%
ATNI	D	0.02%
KNSL	F	0.02%
RYAM	C	0.02%
AVD	F	0.02%
SBCF	D	0.02%
GDEN	F	0.02%
USM	B	0.02%
AGM	B	0.02%
LYV	C	0.02%
DT	F	0.02%
BMBL	F	0.02%
SSYS	F	0.02%
JRVR	F	0.02%
LEVI	D	0.02%
RUN	F	0.02%
SSP	F	0.02%
OIS	D	0.02%
DAY	D	0.02%
MED	F	0.02%
CTRE	B	0.02%
CCSI	F	0.02%
CRMT	F	0.02%
VSEC	B	0.02%
MODV	D	0.02%
KRNY	C	0.02%
CALX	C	0.02%
RNST	C	0.02%
RMBS	D	0.02%
CRGY	B	0.02%
OKTA	C	0.02%
GTY	D	0.02%
PLOW	F	0.02%
MYE	F	0.02%
DIN	F	0.02%
VRTS	C	0.02%
DENN	F	0.02%
MOV	F	0.02%
MXL	B	0.02%
VCTR	C	0.02%
TMP	C	0.02%
EVRI	C	0.02%
GTLS	D	0.02%
CLDT	D	0.02%
CNOB	D	0.02%
HAFC	B	0.02%
DHIL	D	0.02%
HFWA	D	0.02%
CSV	B	0.02%
MEI	F	0.02%
WASH	B	0.02%
TITN	F	0.02%
ALGT	F	0.02%
CENT	F	0.01%
ALGM	C	0.01%
TBBK	B	0.01%
MGPI	F	0.01%
MSBI	D	0.01%
DNUT	F	0.01%
HAYN	C	0.01%
HY	D	0.01%
INMD	F	0.01%
NIC	B	0.01%
GSM	C	0.01%
PEBO	C	0.01%
SPWH	F	0.01%
HOV	D	0.01%
THR	D	0.01%
FBK	B	0.01%
PFBC	C	0.01%
HLNE	B	0.01%
NBHC	B	0.01%
SNEX	B	0.01%
LXU	F	0.01%
REX	D	0.01%
TTEC	F	0.01%
ONEW	C	0.01%
BHLB	B	0.01%
IIPR	B	0.01%
PRM	B	0.01%
AMRC	D	0.01%
VTOL	B	0.01%
CMTL	D	0.01%
PKST	F	0.01%
MBUU	F	0.01%
IIIN	F	0.01%
MP	D	0.01%
NR	C	0.01%
AMSF	F	0.01%
AOSL	B	0.01%
TK	C	0.01%
SBOW	B	0.01%
GPRO	F	0.01%
WMG	D	0.01%
EDR	A	0.01%
KE	F	0.01%
CLOV	B	0.01%
NU	B	0.01%
PETS	F	0.01%
LESL	F	0.01%
GSL	B	0.01%
SLCA	B	0.01%
SEDG	F	0.01%
PLCE	F	0.01%
SFBS	C	0.01%
CHGG	F	0.0%
TWI	F	0.0%
GIC	F	0.0%
CRNC	F	0.0%
WTI	D	0.0%

FNDA Underweight 255 Positions Relative to FHLC

Symbol	Grade	Weight
LLY	B	-11.83%
UNH	D	-7.25%
JNJ	F	-5.75%
MRK	C	-5.41%
ABBV	C	-4.92%
TMO	D	-3.46%
ABT	D	-2.96%
DHR	D	-2.9%
AMGN	B	-2.72%
ISRG	B	-2.55%
PFE	D	-2.52%
ELV	C	-2.02%
VRTX	B	-1.99%
SYK	C	-1.89%
REGN	B	-1.88%
BSX	B	-1.84%
MDT	D	-1.73%
CI	D	-1.56%
BMY	F	-1.4%
GILD	C	-1.4%
MCK	B	-1.28%
ZTS	C	-1.27%
CVS	D	-1.24%
HCA	B	-1.1%
BDX	F	-1.09%
EW	B	-0.89%
HUM	C	-0.71%
IDXX	D	-0.66%
MRNA	D	-0.65%
A	D	-0.63%
IQV	F	-0.62%
CNC	D	-0.59%
GEHC	D	-0.55%
BIIB	C	-0.53%
MTD	C	-0.5%
ALNY	A	-0.5%
RMD	D	-0.45%
CAH	D	-0.4%
WST	F	-0.39%
ZBH	F	-0.36%
STE	D	-0.35%
MOH	F	-0.29%
HOLX	C	-0.28%
BAX	F	-0.28%
WAT	F	-0.28%
ALGN	D	-0.28%
ILMN	F	-0.27%
DGX	C	-0.25%
AVTR	F	-0.24%
SRPT	C	-0.22%
NTRA	B	-0.21%
THC	B	-0.2%
VTRS	F	-0.2%
UHS	B	-0.18%
INSM	C	-0.16%
CTLT	B	-0.16%
TFX	D	-0.15%
EHC	A	-0.14%
HSIC	F	-0.13%
SOLV	F	-0.12%
DVA	C	-0.12%
PCVX	B	-0.11%
GKOS	A	-0.1%
BPMC	B	-0.1%
ITCI	C	-0.1%
IONS	B	-0.1%
OGN	C	-0.09%
LNTH	C	-0.09%
VKTX	D	-0.08%
TMDX	B	-0.08%
CYTK	D	-0.08%
XRAY	F	-0.08%
INSP	F	-0.07%
RVMD	D	-0.07%
CRSP	F	-0.07%
AXNX	B	-0.06%
MDGL	C	-0.06%
PRGO	D	-0.06%
GH	C	-0.06%
CRNX	D	-0.05%
CERE	D	-0.05%
RARE	F	-0.05%
DOCS	C	-0.05%
HIMS	C	-0.05%
RNA	C	-0.05%
APLS	F	-0.05%
IRTC	D	-0.05%
ARWR	C	-0.05%
KRYS	C	-0.05%
AGIO	C	-0.04%
IDYA	F	-0.04%
MRUS	C	-0.04%
NUVL	C	-0.04%
XENE	F	-0.04%
AXSM	B	-0.04%
ADMA	B	-0.04%
PGNY	D	-0.04%
PTCT	D	-0.04%
NARI	C	-0.04%
BBIO	D	-0.04%
DNLI	C	-0.04%
TNDM	D	-0.04%
TGTX	B	-0.04%
PRCT	C	-0.04%
TWST	C	-0.04%
CERT	D	-0.03%
RXST	D	-0.03%
CPRX	D	-0.03%
IOVA	F	-0.03%
ACAD	D	-0.03%
NVAX	C	-0.03%
SHC	C	-0.03%
LMAT	B	-0.03%
NEO	D	-0.03%
VCYT	C	-0.03%
ACLX	B	-0.03%
BEAM	D	-0.03%
STAA	C	-0.03%
RYTM	C	-0.03%
GERN	C	-0.03%
DYN	C	-0.03%
TXG	F	-0.03%
UFPT	A	-0.03%
NVCR	D	-0.03%
FTRE	D	-0.03%
SWTX	D	-0.03%
VCEL	D	-0.03%
CLDX	D	-0.03%
NTLA	F	-0.03%
RCM	F	-0.03%
FOLD	F	-0.03%
HRMY	B	-0.02%
ARQT	B	-0.02%
ATEC	F	-0.02%
MORF	C	-0.02%
SILK	B	-0.02%
COLL	D	-0.02%
NRIX	C	-0.02%
KURA	D	-0.02%
XNCR	F	-0.02%
MIRM	B	-0.02%
ATRC	D	-0.02%
ANIP	D	-0.02%
BCRX	B	-0.02%
PHR	F	-0.02%
SDGR	F	-0.02%
VERA	D	-0.02%
AKRO	D	-0.02%
ARVN	F	-0.02%
TLRY	D	-0.02%
IMVT	F	-0.02%
KROS	F	-0.02%
RCKT	F	-0.02%
DVAX	F	-0.02%
KYMR	D	-0.02%
PTGX	B	-0.02%
MNKD	C	-0.02%
ARDX	F	-0.02%
RXRX	F	-0.02%
SNDX	D	-0.02%
VERV	F	-0.01%
SRRK	F	-0.01%
IRMD	B	-0.01%
PACB	F	-0.01%
OSUR	F	-0.01%
ITOS	D	-0.01%
ALLO	F	-0.01%
CYRX	F	-0.01%
OABI	F	-0.01%
NRC	F	-0.01%
SIGA	D	-0.01%
OLMA	D	-0.01%
PAHC	C	-0.01%
WVE	D	-0.01%
YMAB	D	-0.01%
ELVN	C	-0.01%
REPL	D	-0.01%
EDIT	F	-0.01%
NUVB	D	-0.01%
EYPT	F	-0.01%
MNMD	D	-0.01%
CYH	D	-0.01%
CDMO	D	-0.01%
ACCD	F	-0.01%
STOK	D	-0.01%
QTRX	F	-0.01%
ALT	F	-0.01%
MLAB	D	-0.01%
KIDS	D	-0.01%
PLRX	F	-0.01%
SIBN	F	-0.01%
RGNX	F	-0.01%
IMNM	F	-0.01%
SAGE	F	-0.01%
OFIX	D	-0.01%
COGT	C	-0.01%
ETNB	F	-0.01%
TVTX	C	-0.01%
LFST	D	-0.01%
EOLS	D	-0.01%
RLAY	F	-0.01%
CTKB	D	-0.01%
CSTL	D	-0.01%
VRDN	F	-0.01%
ARCT	F	-0.01%
LBPH	B	-0.01%
PETQ	A	-0.01%
TARS	D	-0.01%
CGON	F	-0.01%
FDMT	D	-0.01%
LQDA	D	-0.01%
GDRX	B	-0.01%
CGEM	D	-0.01%
DAWN	F	-0.01%
EWTX	C	-0.01%
ATRI	B	-0.01%
PNTG	A	-0.01%
OCUL	C	-0.01%
HSTM	B	-0.01%
SANA	F	-0.01%
PRTA	F	-0.01%
ALHC	B	-0.01%
IRON	C	-0.01%
AUPH	D	-0.01%
KNSA	C	-0.01%
SAVA	F	-0.01%
RCUS	F	-0.01%
MRVI	F	-0.01%
AMRX	C	-0.01%
SLP	F	-0.01%
BLFS	C	-0.01%
MDXG	D	-0.01%
JANX	D	-0.01%
ESTA	D	-0.01%
BMEA	F	-0.0%
ALXO	F	-0.0%
LYEL	F	-0.0%
MGNX	F	-0.0%
TRDA	F	-0.0%
ZNTL	F	-0.0%
ORIC	F	-0.0%
RVNC	F	-0.0%
NVRO	F	-0.0%
HLVX	D	-0.0%
ANAB	B	-0.0%
CABA	F	-0.0%
DH	F	-0.0%
PHAT	C	-0.0%
TMCI	F	-0.0%
FNA	F	-0.0%
SVRA	D	-0.0%
TBPH	F	-0.0%
FATE	F	-0.0%
SPRY	C	-0.0%
ALEC	F	-0.0%