FNDA vs. FSMD ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Fidelity Small-Mid Factor ETF (FSMD)

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

$31.86

Average Daily Volume

497,487

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FSMD
30 Days	8.26%	7.37%
60 Days	7.50%	7.55%
90 Days	8.41%	9.10%
12 Months	30.58%	35.46%

334 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FSMD	Overlap
AAON	B	0.09%	0.25%	0.09%
AAT	B	0.06%	0.1%	0.06%
ACA	A	0.19%	0.15%	0.15%
ACIW	B	0.18%	0.19%	0.18%
ADC	B	0.07%	0.2%	0.07%
ADTN	A	0.19%	0.11%	0.11%
ADUS	D	0.05%	0.12%	0.05%
AEO	F	0.1%	0.12%	0.1%
AGR	B	0.15%	0.13%	0.13%
AGX	B	0.06%	0.16%	0.06%
AIT	A	0.28%	0.25%	0.25%
ALE	A	0.17%	0.16%	0.16%
ALKS	B	0.02%	0.16%	0.02%
ALRM	C	0.04%	0.11%	0.04%
AMCX	C	0.05%	0.08%	0.05%
AMED	F	0.12%	0.12%	0.12%
AMH	D	0.18%	0.26%	0.18%
AMKR	D	0.17%	0.11%	0.11%
AMN	F	0.07%	0.05%	0.05%
AMPH	D	0.0%	0.12%	0.0%
AMR	C	0.13%	0.1%	0.1%
ANDE	D	0.12%	0.08%	0.08%
ANF	C	0.34%	0.19%	0.19%
APAM	B	0.15%	0.14%	0.14%
APOG	B	0.14%	0.11%	0.11%
AROC	B	0.14%	0.17%	0.14%
ASB	B	0.21%	0.16%	0.16%
ASH	D	0.17%	0.12%	0.12%
ASTH	D	0.03%	0.1%	0.03%
ATGE	B	0.19%	0.14%	0.14%
AVA	A	0.16%	0.13%	0.13%
AWI	A	0.23%	0.18%	0.18%
AX	A	0.11%	0.16%	0.11%
AXS	A	0.12%	0.19%	0.12%
AZZ	B	0.1%	0.11%	0.1%
BBSI	B	0.03%	0.09%	0.03%
BCO	D	0.14%	0.12%	0.12%
BCPC	B	0.09%	0.16%	0.09%
BFAM	D	0.11%	0.17%	0.11%
BGC	C	0.12%	0.16%	0.12%
BHE	B	0.21%	0.11%	0.11%
BKE	B	0.1%	0.11%	0.1%
BKH	A	0.23%	0.16%	0.16%
BLD	D	0.11%	0.24%	0.11%
BMI	B	0.07%	0.19%	0.07%
BNL	D	0.06%	0.13%	0.06%
BRBR	A	0.05%	0.24%	0.05%
BRC	D	0.07%	0.12%	0.07%
BRKR	D	0.09%	0.15%	0.09%
BRY	F	0.02%	0.07%	0.02%
BSY	D	0.06%	0.26%	0.06%
BWXT	B	0.26%	0.26%	0.26%
BYD	C	0.21%	0.17%	0.17%
CALM	A	0.2%	0.15%	0.15%
CASH	A	0.07%	0.13%	0.07%
CATY	B	0.17%	0.15%	0.15%
CBSH	A	0.21%	0.22%	0.21%
CBT	C	0.22%	0.18%	0.18%
CBZ	B	0.08%	0.13%	0.08%
CEIX	A	0.15%	0.17%	0.15%
CHCO	B	0.05%	0.12%	0.05%
CHDN	B	0.15%	0.22%	0.15%
CHE	D	0.11%	0.21%	0.11%
CHH	A	0.09%	0.14%	0.09%
CHRD	D	0.12%	0.2%	0.12%
CIVI	D	0.11%	0.14%	0.11%
CLH	B	0.26%	0.27%	0.26%
CLW	F	0.02%	0.04%	0.02%
CNM	D	0.12%	0.16%	0.12%
CNX	A	0.17%	0.23%	0.17%
CNXC	F	0.04%	0.07%	0.04%
CNXN	C	0.09%	0.09%	0.09%
COKE	C	0.13%	0.16%	0.13%
COLM	B	0.18%	0.12%	0.12%
COOP	B	0.22%	0.19%	0.19%
CORT	B	0.1%	0.21%	0.1%
CPF	A	0.03%	0.11%	0.03%
CR	A	0.22%	0.21%	0.21%
CRAI	B	0.03%	0.1%	0.03%
CROX	D	0.14%	0.16%	0.14%
CRUS	D	0.21%	0.15%	0.15%
CRVL	A	0.0%	0.15%	0.0%
CSV	B	0.02%	0.1%	0.02%
CSWI	A	0.08%	0.18%	0.08%
CTRE	D	0.03%	0.15%	0.03%
CTS	C	0.06%	0.12%	0.06%
CUBE	D	0.18%	0.24%	0.18%
CUBI	B	0.07%	0.1%	0.07%
CUZ	B	0.19%	0.16%	0.16%
CVCO	A	0.14%	0.15%	0.14%
CVLT	B	0.14%	0.2%	0.14%
CXT	B	0.07%	0.11%	0.07%
CXW	B	0.28%	0.14%	0.14%
DBX	B	0.13%	0.19%	0.13%
DDS	B	0.11%	0.1%	0.1%
DEA	D	0.05%	0.1%	0.05%
DEI	B	0.22%	0.13%	0.13%
DLB	B	0.13%	0.14%	0.13%
DORM	B	0.13%	0.17%	0.13%
DTM	B	0.23%	0.28%	0.23%
DY	D	0.24%	0.15%	0.15%
EBF	F	0.02%	0.07%	0.02%
EEFT	B	0.17%	0.15%	0.15%
EIG	B	0.09%	0.11%	0.09%
ELAN	D	0.21%	0.2%	0.2%
ELS	C	0.2%	0.28%	0.2%
ENS	D	0.19%	0.12%	0.12%
ENSG	D	0.14%	0.22%	0.14%
ENVA	B	0.19%	0.14%	0.14%
EPAC	B	0.06%	0.12%	0.06%
EPRT	B	0.05%	0.17%	0.05%
ERIE	D	0.06%	0.23%	0.06%
ESAB	B	0.17%	0.2%	0.17%
ESGR	B	0.05%	0.14%	0.05%
ESI	A	0.22%	0.17%	0.17%
ESNT	D	0.15%	0.17%	0.15%
ETD	C	0.02%	0.08%	0.02%
EXEL	B	0.2%	0.28%	0.2%
EXLS	B	0.14%	0.21%	0.14%
EXPO	D	0.07%	0.14%	0.07%
FBP	B	0.06%	0.14%	0.06%
FCN	D	0.19%	0.17%	0.17%
FELE	B	0.12%	0.13%	0.12%
FHI	A	0.11%	0.15%	0.11%
FIX	A	0.25%	0.34%	0.25%
FIZZ	C	0.02%	0.09%	0.02%
FLS	B	0.29%	0.2%	0.2%
FN	D	0.11%	0.23%	0.11%
FORM	D	0.06%	0.12%	0.06%
FR	D	0.11%	0.18%	0.11%
FRT	B	0.23%	0.21%	0.21%
FSS	B	0.11%	0.14%	0.11%
FTDR	A	0.09%	0.17%	0.09%
FTI	A	0.13%	0.29%	0.13%
FUL	F	0.17%	0.13%	0.13%
FULT	A	0.14%	0.15%	0.14%
GEO	B	0.42%	0.16%	0.16%
GHC	C	0.23%	0.15%	0.15%
GIC	D	0.0%	0.06%	0.0%
GIII	D	0.18%	0.11%	0.11%
GMED	A	0.15%	0.24%	0.15%
GOLF	B	0.08%	0.11%	0.08%
GTES	A	0.16%	0.13%	0.13%
GWRE	A	0.07%	0.35%	0.07%
HAE	C	0.1%	0.16%	0.1%
HALO	F	0.06%	0.21%	0.06%
HCC	B	0.27%	0.13%	0.13%
HCSG	C	0.06%	0.08%	0.06%
HE	C	0.14%	0.07%	0.07%
HIW	D	0.21%	0.13%	0.13%
HLI	B	0.19%	0.25%	0.19%
HLNE	B	0.01%	0.23%	0.01%
HMN	B	0.07%	0.12%	0.07%
HNI	B	0.18%	0.11%	0.11%
HRB	D	0.13%	0.21%	0.13%
HSII	B	0.03%	0.09%	0.03%
HWKN	B	0.07%	0.11%	0.07%
IBKR	A	0.11%	0.42%	0.11%
IBOC	A	0.11%	0.15%	0.11%
IBP	D	0.09%	0.14%	0.09%
ICFI	F	0.09%	0.12%	0.09%
IDCC	B	0.13%	0.18%	0.13%
IMKTA	C	0.18%	0.08%	0.08%
INCY	C	0.23%	0.3%	0.23%
INSW	F	0.04%	0.1%	0.04%
INVA	D	0.04%	0.1%	0.04%
IOSP	B	0.13%	0.12%	0.12%
ITGR	B	0.12%	0.17%	0.12%
JBSS	D	0.04%	0.07%	0.04%
KAI	A	0.08%	0.15%	0.08%
KELYA	F	0.06%	0.05%	0.05%
KFRC	D	0.08%	0.07%	0.07%
KFY	B	0.21%	0.13%	0.13%
KLG	C	0.08%	0.09%	0.08%
KNF	A	0.19%	0.17%	0.17%
KNSL	B	0.03%	0.24%	0.03%
KRC	C	0.22%	0.15%	0.15%
KTB	B	0.15%	0.17%	0.15%
LANC	C	0.1%	0.13%	0.1%
LBRT	D	0.12%	0.12%	0.12%
LEVI	F	0.03%	0.1%	0.03%
LGND	B	0.01%	0.13%	0.01%
LOPE	B	0.23%	0.16%	0.16%
LPG	F	0.03%	0.08%	0.03%
LRN	A	0.12%	0.17%	0.12%
LTC	B	0.04%	0.11%	0.04%
LYV	A	0.03%	0.42%	0.03%
LZB	B	0.15%	0.11%	0.11%
MANH	D	0.11%	0.36%	0.11%
MASI	A	0.16%	0.23%	0.16%
MATX	C	0.04%	0.17%	0.04%
MCY	A	0.14%	0.12%	0.12%
MEDP	D	0.06%	0.21%	0.06%
MGRC	B	0.09%	0.11%	0.09%
MGY	A	0.09%	0.18%	0.09%
MHO	D	0.25%	0.14%	0.14%
MMS	F	0.11%	0.15%	0.11%
MMSI	B	0.09%	0.2%	0.09%
MOG.A	B	0.22%	0.17%	0.17%
MORN	B	0.11%	0.23%	0.11%
MSA	D	0.09%	0.16%	0.09%
MSBI	B	0.0%	0.1%	0.0%
MSM	C	0.12%	0.13%	0.12%
MTCH	D	0.15%	0.2%	0.15%
MTX	B	0.15%	0.11%	0.11%
MWA	B	0.12%	0.14%	0.12%
NBIX	C	0.06%	0.27%	0.06%
NEU	C	0.14%	0.13%	0.13%
NHC	C	0.1%	0.11%	0.1%
NHI	D	0.09%	0.14%	0.09%
NMIH	D	0.07%	0.13%	0.07%
NNN	D	0.15%	0.19%	0.15%
NOVT	D	0.05%	0.17%	0.05%
NPK	B	0.02%	0.07%	0.02%
NSA	D	0.06%	0.12%	0.06%
NWE	A	0.17%	0.15%	0.15%
NYT	C	0.18%	0.24%	0.18%
OFG	B	0.04%	0.11%	0.04%
OHI	C	0.26%	0.24%	0.24%
OLED	D	0.07%	0.18%	0.07%
OLLI	D	0.16%	0.16%	0.16%
ONTO	D	0.07%	0.21%	0.07%
OSIS	B	0.09%	0.12%	0.09%
OTTR	C	0.09%	0.13%	0.09%
OZK	B	0.2%	0.16%	0.16%
PATK	D	0.18%	0.12%	0.12%
PBH	A	0.11%	0.16%	0.11%
PDM	D	0.09%	0.1%	0.09%
PEBO	A	0.0%	0.1%	0.0%
PEGA	A	0.03%	0.16%	0.03%
PFBC	B	0.0%	0.11%	0.0%
PGRE	F	0.06%	0.09%	0.06%
PHIN	A	0.17%	0.13%	0.13%
PINC	B	0.21%	0.12%	0.12%
PIPR	B	0.17%	0.18%	0.17%
PJT	A	0.07%	0.15%	0.07%
PLAB	C	0.07%	0.11%	0.07%
PLNT	A	0.13%	0.23%	0.13%
PLUS	F	0.11%	0.12%	0.11%
PLXS	B	0.24%	0.16%	0.16%
PPC	C	0.14%	0.12%	0.12%
PRDO	B	0.09%	0.1%	0.09%
PRGS	A	0.06%	0.14%	0.06%
PRIM	A	0.12%	0.16%	0.12%
PSN	D	0.11%	0.15%	0.11%
PSTG	D	0.05%	0.3%	0.05%
QLYS	C	0.07%	0.17%	0.07%
RBC	A	0.09%	0.21%	0.09%
RDN	C	0.24%	0.15%	0.15%
RDNT	B	0.04%	0.2%	0.04%
REX	D	0.0%	0.1%	0.0%
REXR	F	0.07%	0.2%	0.07%
REYN	D	0.06%	0.09%	0.06%
RGEN	D	0.04%	0.19%	0.04%
RGLD	C	0.13%	0.22%	0.13%
RLI	B	0.13%	0.2%	0.13%
RNR	C	0.13%	0.3%	0.13%
ROAD	A	0.07%	0.16%	0.07%
ROCK	C	0.09%	0.1%	0.09%
ROL	B	0.15%	0.29%	0.15%
SBH	C	0.2%	0.11%	0.11%
SCHL	D	0.06%	0.09%	0.06%
SCS	C	0.15%	0.08%	0.08%
SCSC	B	0.09%	0.1%	0.09%
SCVL	F	0.03%	0.08%	0.03%
SEM	B	0.22%	0.15%	0.15%
SF	B	0.31%	0.29%	0.29%
SHO	C	0.1%	0.11%	0.1%
SHOO	D	0.17%	0.13%	0.13%
SIGI	C	0.16%	0.18%	0.16%
SIRI	C	0.1%	0.1%	0.1%
SKYW	B	0.24%	0.16%	0.16%
SLGN	A	0.14%	0.14%	0.14%
SLVM	B	0.25%	0.14%	0.14%
SMP	B	0.03%	0.09%	0.03%
SN	D	0.17%	0.18%	0.17%
SNEX	B	0.01%	0.13%	0.01%
SPSC	C	0.03%	0.17%	0.03%
SR	A	0.19%	0.15%	0.15%
SRCE	B	0.02%	0.1%	0.02%
SSD	D	0.17%	0.18%	0.17%
SSTK	F	0.03%	0.08%	0.03%
STAG	F	0.11%	0.17%	0.11%
STNG	F	0.03%	0.1%	0.03%
STRA	C	0.09%	0.11%	0.09%
STRL	B	0.11%	0.2%	0.11%
SUM	B	0.17%	0.18%	0.17%
SUPN	C	0.05%	0.14%	0.05%
SXC	A	0.05%	0.1%	0.05%
SXT	B	0.14%	0.13%	0.13%
TNC	D	0.06%	0.08%	0.06%
TNL	A	0.15%	0.15%	0.15%
TPC	C	0.21%	0.1%	0.1%
TPL	A	0.18%	0.57%	0.18%
TREX	C	0.12%	0.18%	0.12%
TTEK	F	0.2%	0.27%	0.2%
TW	A	0.09%	0.32%	0.09%
TXRH	C	0.28%	0.29%	0.28%
UE	C	0.1%	0.13%	0.1%
UMBF	B	0.17%	0.18%	0.17%
UNF	B	0.17%	0.11%	0.11%
UPBD	B	0.13%	0.09%	0.09%
URBN	C	0.18%	0.1%	0.1%
USM	B	0.03%	0.12%	0.03%
USPH	B	0.01%	0.1%	0.01%
UTHR	C	0.32%	0.38%	0.32%
UTL	B	0.02%	0.1%	0.02%
UVE	B	0.03%	0.1%	0.03%
VCTR	B	0.04%	0.14%	0.04%
VIRT	B	0.22%	0.15%	0.15%
VMI	B	0.25%	0.18%	0.18%
VNT	B	0.17%	0.18%	0.17%
VRRM	D	0.05%	0.11%	0.05%
VSH	D	0.09%	0.08%	0.08%
VSTO	A	0.14%	0.12%	0.12%
VVV	F	0.17%	0.16%	0.16%
WABC	B	0.02%	0.11%	0.02%
WAL	B	0.28%	0.25%	0.25%
WBS	A	0.26%	0.26%	0.26%
WDFC	B	0.06%	0.14%	0.06%
WEN	D	0.13%	0.13%	0.13%
WFRD	D	0.04%	0.18%	0.04%
WH	B	0.23%	0.22%	0.22%
WING	D	0.04%	0.22%	0.04%
WMG	C	0.02%	0.18%	0.02%
WMS	D	0.13%	0.19%	0.13%
WSBC	B	0.11%	0.12%	0.11%
WTFC	A	0.23%	0.22%	0.22%
WTS	B	0.14%	0.15%	0.14%
WWD	B	0.25%	0.24%	0.24%
XHR	B	0.11%	0.1%	0.1%
YELP	C	0.14%	0.14%	0.14%
ZD	B	0.16%	0.16%	0.16%
ZWS	B	0.07%	0.16%	0.07%

FNDA Overweight 662 Positions Relative to FSMD

Symbol	Grade	Weight
RCL	A	0.45%
UAL	A	0.42%
SATS	D	0.38%
FICO	B	0.36%
COIN	C	0.34%
GME	C	0.31%
APP	B	0.3%
XPO	B	0.3%
VSCO	B	0.29%
BKU	A	0.29%
MAC	B	0.28%
HRI	B	0.28%
KMPR	B	0.28%
SWX	B	0.26%
UAA	C	0.25%
CRS	A	0.25%
LITE	B	0.25%
PRG	C	0.25%
Z	A	0.25%
GVA	A	0.25%
PNFP	B	0.24%
VRT	B	0.24%
SAIA	B	0.24%
HEI	B	0.24%
CFR	B	0.23%
FDP	B	0.23%
VLTO	D	0.23%
SPB	C	0.23%
PB	A	0.23%
SIG	B	0.23%
FNB	A	0.23%
SPOT	B	0.22%
CWK	B	0.22%
AVNT	B	0.22%
ZM	B	0.22%
GATX	A	0.22%
CADE	B	0.22%
TTMI	B	0.22%
FDS	B	0.21%
HWC	B	0.21%
RXO	C	0.21%
GMS	B	0.21%
IDA	A	0.21%
PNM	F	0.2%
KEX	C	0.2%
FHB	A	0.2%
TRN	B	0.2%
SCCO	F	0.2%
VLY	B	0.2%
MC	B	0.2%
GBX	A	0.2%
UNIT	B	0.2%
ARCB	C	0.19%
CRC	A	0.19%
JBLU	F	0.19%
STC	B	0.19%
TWLO	A	0.19%
LCII	C	0.19%
BIO	D	0.19%
EAT	A	0.19%
DASH	A	0.19%
CCS	D	0.19%
NVST	B	0.19%
HP	B	0.19%
AGNC	D	0.19%
OGS	A	0.19%
UBSI	B	0.19%
SMG	D	0.19%
COLB	A	0.19%
MAT	D	0.19%
WMK	C	0.18%
WYNN	D	0.18%
RPRX	D	0.18%
DBRG	F	0.18%
TEX	D	0.18%
SBRA	C	0.18%
KMT	B	0.18%
BDC	B	0.17%
HXL	D	0.17%
APLE	B	0.17%
LAUR	A	0.17%
NOW	A	0.17%
PCH	D	0.17%
ONB	B	0.17%
PSMT	C	0.17%
WTM	A	0.17%
MTDR	B	0.17%
VSTS	C	0.17%
WGO	C	0.17%
NJR	A	0.17%
GBCI	B	0.17%
SPR	D	0.17%
CSGP	D	0.17%
LFUS	F	0.17%
PTEN	C	0.16%
RH	B	0.16%
EBS	C	0.16%
PLTR	B	0.16%
SKY	A	0.16%
COLD	D	0.16%
WAFD	B	0.16%
VEEV	C	0.16%
APO	B	0.16%
GEF	A	0.16%
OUT	A	0.16%
VYX	B	0.16%
LNW	D	0.16%
SFNC	B	0.16%
AGO	B	0.16%
ENTG	D	0.16%
B	B	0.16%
PFSI	D	0.16%
CBRL	C	0.15%
DNOW	B	0.15%
TCBI	B	0.15%
FWRD	D	0.15%
ARES	A	0.15%
NOMD	D	0.15%
MOD	A	0.15%
LGIH	D	0.15%
SLG	B	0.15%
UVV	B	0.15%
WD	D	0.15%
PDCO	D	0.15%
SITE	D	0.15%
RYN	D	0.14%
RRC	B	0.14%
ICUI	D	0.14%
NMRK	B	0.14%
AMWD	C	0.14%
SNDR	B	0.14%
JAZZ	B	0.14%
BOH	B	0.14%
CDP	C	0.14%
TDC	D	0.14%
KAR	B	0.14%
OMI	F	0.14%
APG	B	0.14%
TYL	C	0.14%
H	B	0.14%
MKTX	D	0.14%
MLKN	D	0.14%
BXMT	C	0.14%
CNK	B	0.14%
SLAB	D	0.14%
TPG	A	0.14%
CACC	D	0.14%
SAH	A	0.14%
CGNX	C	0.14%
ABNB	C	0.13%
DNB	B	0.13%
SCL	C	0.13%
WEX	D	0.13%
HELE	C	0.13%
FND	C	0.13%
ATKR	C	0.13%
SMTC	B	0.13%
THS	D	0.13%
IGT	F	0.13%
EPR	D	0.13%
CABO	C	0.13%
ABCB	B	0.13%
RYI	C	0.13%
ITRI	B	0.13%
HOPE	B	0.12%
FSLR	F	0.12%
ETSY	D	0.12%
DRH	B	0.12%
CHX	C	0.12%
COMP	B	0.12%
IAC	D	0.12%
HGV	B	0.12%
WTRG	B	0.12%
ECPG	B	0.12%
HEES	B	0.12%
PTC	A	0.12%
VRSN	F	0.12%
JELD	F	0.12%
JBT	B	0.12%
IPGP	D	0.12%
TROX	D	0.12%
JBGS	D	0.12%
RLJ	B	0.12%
JWN	C	0.12%
AIR	B	0.12%
RIG	D	0.12%
BANR	B	0.12%
WWW	B	0.12%
WDAY	B	0.12%
SASR	B	0.11%
EPC	D	0.11%
TECH	D	0.11%
ENOV	C	0.11%
CPNG	D	0.11%
HI	C	0.11%
KALU	C	0.11%
VIAV	B	0.11%
PPBI	B	0.11%
MPWR	F	0.11%
AEIS	B	0.11%
TRMK	B	0.11%
SKT	B	0.11%
HPP	F	0.11%
BOKF	B	0.11%
DIOD	D	0.11%
PECO	A	0.11%
CRL	C	0.11%
HTH	B	0.11%
CBU	B	0.11%
HLF	C	0.11%
FIBK	A	0.11%
CVBF	A	0.11%
TNET	D	0.11%
FFBC	A	0.11%
MYRG	B	0.11%
NGVT	B	0.11%
AM	A	0.1%
WSFS	A	0.1%
BOOT	D	0.1%
ABR	C	0.1%
GFF	A	0.1%
WSC	D	0.1%
HTLF	B	0.1%
ENR	B	0.1%
ACHC	F	0.1%
MGEE	C	0.1%
FIVE	F	0.1%
UCB	A	0.1%
COMM	D	0.1%
NTCT	C	0.1%
DHC	F	0.1%
HOMB	A	0.1%
PFS	B	0.1%
PAYC	B	0.1%
KRG	B	0.1%
SAM	C	0.1%
SSB	B	0.1%
BXC	B	0.1%
LBRDK	C	0.09%
ALEX	C	0.09%
CSGS	B	0.09%
ESE	B	0.09%
CENTA	C	0.09%
PINS	D	0.09%
RNG	B	0.09%
CWEN	C	0.09%
RAMP	C	0.09%
ESRT	C	0.09%
AIN	C	0.09%
NPO	A	0.09%
IBTX	B	0.09%
FFIN	B	0.09%
PBI	B	0.09%
DXCM	D	0.09%
FRME	B	0.09%
RHP	B	0.09%
INDB	B	0.09%
JACK	D	0.09%
VC	D	0.09%
SVC	F	0.09%
ROKU	D	0.09%
ORA	B	0.09%
CNS	B	0.08%
OMCL	C	0.08%
ROIC	A	0.08%
YETI	C	0.08%
RRR	D	0.08%
DLX	B	0.08%
UCTT	D	0.08%
REVG	B	0.08%
DOLE	D	0.08%
CARG	C	0.08%
MD	B	0.08%
ATI	D	0.08%
ARI	C	0.08%
IRDM	D	0.08%
SAFT	C	0.08%
HL	D	0.08%
WNC	C	0.08%
OII	B	0.08%
TTD	B	0.08%
KW	B	0.08%
ALGT	B	0.08%
CCOI	B	0.08%
PTON	B	0.08%
EGP	F	0.08%
PMT	D	0.08%
KOS	F	0.08%
BMRN	D	0.08%
WOR	F	0.08%
SYNA	C	0.08%
LXP	D	0.08%
GO	C	0.08%
NWBI	B	0.08%
NWN	A	0.08%
LILAK	D	0.08%
AKR	B	0.08%
TALO	C	0.08%
PRK	B	0.08%
POWI	D	0.08%
TOWN	B	0.08%
OPCH	D	0.08%
AZEK	A	0.08%
ALIT	C	0.08%
CPK	A	0.07%
CNA	B	0.07%
KOP	C	0.07%
HHH	B	0.07%
SMCI	F	0.07%
SABR	C	0.07%
HLX	B	0.07%
BSIG	A	0.07%
FCF	A	0.07%
MRTN	C	0.07%
EBC	B	0.07%
HQY	B	0.07%
EYE	C	0.07%
AUB	B	0.07%
BLMN	F	0.07%
CRK	B	0.07%
ROG	D	0.07%
IART	C	0.07%
IRT	A	0.07%
OPEN	D	0.07%
SXI	B	0.07%
PR	B	0.07%
PTVE	B	0.07%
NX	C	0.07%
JJSF	B	0.07%
LYFT	C	0.07%
NSP	D	0.07%
BDN	C	0.07%
MRCY	B	0.07%
THRM	D	0.07%
PEB	D	0.07%
GNL	F	0.07%
CDE	D	0.07%
CAKE	C	0.07%
TILE	B	0.07%
NBTB	B	0.07%
ALG	B	0.07%
KN	B	0.07%
LADR	B	0.07%
CWT	D	0.07%
MTRN	C	0.07%
COTY	F	0.06%
AXL	C	0.06%
SMPL	B	0.06%
GPRE	F	0.06%
CVI	F	0.06%
ENV	B	0.06%
CWST	A	0.06%
GTLS	B	0.06%
GES	F	0.06%
CAL	D	0.06%
TOST	B	0.06%
NTGR	B	0.06%
ECVT	C	0.06%
WHD	B	0.06%
MMI	B	0.06%
EMBC	C	0.06%
TDOC	C	0.06%
BLKB	B	0.06%
SEB	F	0.06%
GCI	D	0.06%
KTOS	B	0.06%
OXM	D	0.06%
GFS	C	0.06%
TRS	B	0.06%
BUSE	B	0.06%
OEC	C	0.06%
EFSC	B	0.06%
TRIP	F	0.06%
HURN	B	0.06%
KWR	C	0.06%
AWR	B	0.06%
SONO	C	0.06%
NNI	D	0.06%
DFIN	D	0.06%
ATSG	B	0.06%
VBTX	B	0.06%
ELME	D	0.06%
LGF.A	C	0.06%
CWH	B	0.06%
PLAY	D	0.06%
BKD	D	0.06%
STBA	B	0.06%
EAF	C	0.06%
EXPI	C	0.06%
SJW	D	0.05%
UIS	B	0.05%
LIVN	F	0.05%
ACCO	C	0.05%
VRTS	B	0.05%
CNDT	C	0.05%
AAL	B	0.05%
TRNO	F	0.05%
AY	B	0.05%
NTB	B	0.05%
HAYW	B	0.05%
CODI	B	0.05%
HTLD	B	0.05%
KLIC	B	0.05%
VSAT	F	0.05%
MRC	B	0.05%
VRE	B	0.05%
ICHR	C	0.05%
FOXF	F	0.05%
ALK	C	0.05%
PODD	C	0.05%
SNBR	F	0.05%
FBNC	A	0.05%
CCO	C	0.05%
AMRK	F	0.05%
CHEF	A	0.05%
CMCO	B	0.05%
MELI	D	0.05%
BV	B	0.05%
MODG	F	0.05%
CNMD	C	0.05%
SENEA	B	0.04%
ASIX	A	0.04%
IPAR	B	0.04%
CARS	B	0.04%
NVEE	F	0.04%
PRA	C	0.04%
CNSL	C	0.04%
SWBI	C	0.04%
ENPH	F	0.04%
FBRT	C	0.04%
PUMP	B	0.04%
IHRT	C	0.04%
CPS	C	0.04%
GLOB	B	0.04%
SFL	D	0.04%
GLNG	D	0.04%
RDUS	C	0.04%
ZUMZ	C	0.04%
GCO	B	0.04%
CSTM	F	0.04%
DHT	F	0.04%
GTN	F	0.04%
RES	D	0.04%
EXAS	D	0.04%
SFBS	B	0.04%
AGRO	D	0.04%
IVT	B	0.04%
PEN	B	0.04%
CMPR	D	0.04%
VTLE	C	0.04%
DXPE	B	0.04%
PARR	D	0.04%
ZI	D	0.04%
SNAP	C	0.04%
PRAA	C	0.04%
HLIO	B	0.04%
LNN	B	0.04%
HAIN	C	0.04%
NBR	C	0.04%
NOG	A	0.04%
LSCC	D	0.04%
W	F	0.04%
HZO	D	0.04%
BZH	B	0.04%
NEOG	F	0.04%
LKFN	B	0.04%
CRGY	B	0.04%
AZTA	D	0.04%
RNST	B	0.04%
GRBK	D	0.04%
FCPT	C	0.04%
COHU	C	0.04%
CMRE	C	0.03%
DAC	B	0.03%
USNA	C	0.03%
XP	F	0.03%
WRLD	C	0.03%
MYGN	F	0.03%
RWT	D	0.03%
PAGS	F	0.03%
CNNE	B	0.03%
ZIMV	D	0.03%
THRY	F	0.03%
GDEN	B	0.03%
VIR	D	0.03%
EVTC	B	0.03%
CVGW	D	0.03%
HMST	D	0.03%
SBCF	A	0.03%
TKO	B	0.03%
AGM	C	0.03%
PRLB	A	0.03%
RGR	F	0.03%
ILPT	D	0.03%
SBLK	F	0.03%
MXL	C	0.03%
RMBS	C	0.03%
DT	C	0.03%
PRVA	B	0.03%
MP	B	0.03%
GLDD	B	0.03%
RKT	F	0.03%
RC	D	0.03%
AMC	C	0.03%
CFFN	B	0.03%
CBL	A	0.03%
VAL	D	0.03%
WTTR	B	0.03%
VRNT	C	0.03%
MATV	D	0.03%
CMTG	F	0.03%
TSE	F	0.03%
SGRY	F	0.03%
NUS	D	0.03%
STEP	B	0.03%
MNRO	D	0.03%
TRTX	B	0.03%
ACLS	F	0.03%
SNOW	C	0.03%
NVRI	F	0.03%
EGBN	B	0.03%
ASTE	B	0.03%
VSEC	C	0.03%
PZZA	D	0.03%
BGS	F	0.03%
PLCE	C	0.02%
GTY	B	0.02%
ARKO	C	0.02%
CTRN	D	0.02%
CLDT	B	0.02%
HASI	D	0.02%
CLOV	D	0.02%
AMBC	C	0.02%
CLVT	F	0.02%
ALTO	F	0.02%
IRWD	F	0.02%
BRSP	B	0.02%
RYAM	C	0.02%
KRNY	B	0.02%
CMP	C	0.02%
CCSI	C	0.02%
DAY	B	0.02%
ARCO	F	0.02%
DHIL	A	0.02%
RUN	F	0.02%
DBI	F	0.02%
TEN	F	0.02%
AVNS	F	0.02%
OPK	C	0.02%
CSR	B	0.02%
GNK	D	0.02%
SHEN	F	0.02%
WOW	B	0.02%
KREF	D	0.02%
EDR	A	0.02%
CLB	B	0.02%
HVT	D	0.02%
AVO	C	0.02%
HFWA	B	0.02%
MTW	C	0.02%
MERC	D	0.02%
XPRO	F	0.02%
CNOB	B	0.02%
WASH	C	0.02%
CALX	D	0.02%
ZEUS	C	0.02%
BANF	B	0.02%
TMP	B	0.02%
SHYF	C	0.02%
TCBK	B	0.02%
UFCS	B	0.02%
HAFC	A	0.02%
MATW	C	0.02%
BJRI	B	0.02%
STNE	F	0.02%
PFC	A	0.02%
EVRI	A	0.02%
DCO	C	0.02%
AHCO	F	0.02%
TBI	F	0.02%
BRKL	B	0.02%
WOOF	D	0.02%
MTUS	C	0.02%
GDOT	D	0.02%
OKTA	C	0.02%
SBSI	B	0.02%
OCFC	B	0.02%
SFIX	B	0.02%
VTOL	B	0.01%
IIIN	C	0.01%
RILY	F	0.01%
NBHC	B	0.01%
LESL	C	0.01%
FBK	B	0.01%
GPRO	F	0.01%
MBUU	C	0.01%
BHLB	B	0.01%
PKST	D	0.01%
KE	C	0.01%
AVD	D	0.01%
JRVR	F	0.01%
PRM	C	0.01%
GSL	F	0.01%
AMSF	B	0.01%
SSP	F	0.01%
SRI	F	0.01%
MODV	C	0.01%
ATNI	F	0.01%
NU	C	0.01%
CRMT	C	0.01%
BMBL	D	0.01%
PETS	C	0.01%
CENT	C	0.01%
MED	F	0.01%
CCRN	F	0.01%
FLGT	F	0.01%
MOV	C	0.01%
GPMT	C	0.01%
TPIC	F	0.01%
OPI	F	0.01%
IRBT	F	0.01%
MYE	F	0.01%
DENN	D	0.01%
SSYS	C	0.01%
AGL	F	0.01%
DIN	C	0.01%
VREX	C	0.01%
WOLF	F	0.01%
TITN	C	0.01%
RGP	F	0.01%
OIS	C	0.01%
FLWS	F	0.01%
PLOW	D	0.01%
MEI	D	0.01%
CHGG	D	0.0%
EVH	F	0.0%
PCRX	C	0.0%
MGPI	F	0.0%
ALGM	D	0.0%
TWI	F	0.0%
SEG	B	0.0%
HY	D	0.0%
WTI	F	0.0%
GSM	D	0.0%
CRNC	C	0.0%
SPWH	F	0.0%
DNUT	D	0.0%
HAYN	C	0.0%
ONEW	D	0.0%
THR	B	0.0%
INMD	C	0.0%
TTEC	F	0.0%
AMRC	F	0.0%
CMTL	F	0.0%
IIPR	D	0.0%
HOV	D	0.0%
SEDG	F	0.0%
LXU	B	0.0%
TBBK	B	0.0%
AOSL	C	0.0%
NR	B	0.0%
NIC	B	0.0%

FNDA Underweight 244 Positions Relative to FSMD

Symbol	Grade	Weight
EME	C	-0.46%
NRG	B	-0.41%
NTNX	A	-0.38%
LII	A	-0.37%
SNA	A	-0.37%
NTRA	B	-0.35%
RPM	A	-0.35%
THC	D	-0.34%
PNR	A	-0.34%
NWSA	B	-0.33%
DUOL	A	-0.33%
SFM	A	-0.33%
EWBC	A	-0.33%
TOL	B	-0.33%
WSO	A	-0.33%
CASY	A	-0.32%
OC	A	-0.32%
EQH	B	-0.32%
RGA	A	-0.31%
L	A	-0.31%
CW	B	-0.31%
ACM	B	-0.31%
GGG	B	-0.3%
UNM	A	-0.29%
CPT	B	-0.28%
DOCS	C	-0.28%
TPR	B	-0.28%
NDSN	B	-0.28%
SCI	B	-0.28%
SW	A	-0.28%
UHS	D	-0.27%
ATR	B	-0.27%
EVR	B	-0.27%
REG	B	-0.27%
JLL	D	-0.27%
CACI	D	-0.27%
JNPR	F	-0.27%
LECO	B	-0.26%
PRI	A	-0.26%
PCVX	D	-0.26%
LAMR	D	-0.26%
BXP	D	-0.26%
ALLE	D	-0.26%
OWL	A	-0.26%
CIEN	B	-0.26%
FHN	A	-0.26%
NVT	B	-0.26%
AIZ	A	-0.26%
ITT	A	-0.26%
CHRW	C	-0.26%
ALSN	B	-0.25%
EXP	A	-0.25%
SOLV	C	-0.25%
EHC	B	-0.25%
MLI	C	-0.25%
DOX	D	-0.25%
DKS	C	-0.25%
BJ	A	-0.25%
TAP	C	-0.25%
OGE	B	-0.24%
INGR	B	-0.24%
AYI	B	-0.24%
CMA	A	-0.24%
AFG	A	-0.23%
ZION	B	-0.23%
ORI	A	-0.23%
SRPT	D	-0.23%
SNV	B	-0.23%
TPX	B	-0.23%
MUSA	A	-0.23%
GL	B	-0.23%
JXN	C	-0.22%
ADMA	B	-0.22%
SNX	C	-0.22%
BRX	A	-0.22%
SEIC	B	-0.22%
DVA	B	-0.22%
RL	B	-0.22%
VOYA	B	-0.22%
ALLY	C	-0.22%
QTWO	A	-0.21%
GPK	C	-0.21%
HSIC	B	-0.21%
EWTX	C	-0.21%
TFX	F	-0.21%
GKOS	B	-0.21%
AXTA	A	-0.21%
MTSI	B	-0.21%
DCI	B	-0.21%
CRBG	B	-0.2%
RHI	B	-0.2%
SKX	D	-0.2%
TMHC	B	-0.2%
CPB	D	-0.2%
SAIC	F	-0.2%
HRL	D	-0.2%
BWA	D	-0.2%
G	B	-0.2%
R	B	-0.19%
CMC	B	-0.19%
MHK	D	-0.19%
ALV	C	-0.19%
ACI	C	-0.19%
KD	B	-0.19%
TTC	D	-0.19%
PRCT	B	-0.19%
AOS	F	-0.19%
BERY	B	-0.19%
UFPI	B	-0.19%
ACLX	C	-0.19%
OSK	B	-0.18%
ESTC	C	-0.18%
DINO	D	-0.18%
HIMS	C	-0.18%
POWL	C	-0.18%
MTG	C	-0.18%
ALTR	B	-0.18%
BPOP	B	-0.18%
GNTX	C	-0.18%
NFG	A	-0.18%
THG	A	-0.18%
OMF	A	-0.18%
MTN	C	-0.18%
TDS	B	-0.18%
NXST	C	-0.17%
SLM	A	-0.17%
LSTR	D	-0.17%
AMG	B	-0.17%
PI	D	-0.17%
BPMC	C	-0.17%
GPI	A	-0.17%
MTH	D	-0.17%
HII	D	-0.17%
POST	C	-0.16%
IESC	B	-0.16%
TGNA	B	-0.16%
ABG	B	-0.16%
CNO	A	-0.16%
ZETA	D	-0.16%
APPF	B	-0.16%
LNTH	D	-0.16%
KBH	D	-0.16%
ARW	D	-0.16%
VRNS	D	-0.16%
UGI	A	-0.16%
MIR	A	-0.15%
AGCO	D	-0.15%
KRYS	B	-0.15%
ASGN	F	-0.15%
AXNX	C	-0.15%
DXC	B	-0.15%
TENB	C	-0.15%
CPRX	C	-0.15%
BCC	B	-0.15%
SANM	B	-0.15%
AVT	C	-0.15%
CRNX	C	-0.15%
BTU	B	-0.15%
VCEL	B	-0.14%
USLM	A	-0.14%
IDT	B	-0.14%
SON	D	-0.14%
SMLR	B	-0.14%
WKC	D	-0.13%
PLMR	B	-0.13%
HOG	D	-0.13%
SKWD	A	-0.13%
ARCH	B	-0.13%
TKR	D	-0.13%
LMAT	A	-0.13%
NSIT	F	-0.13%
ASO	F	-0.13%
AN	C	-0.13%
FLO	D	-0.13%
RUSHA	C	-0.13%
GPOR	B	-0.13%
BFH	B	-0.13%
TPH	D	-0.13%
GNW	A	-0.13%
TPB	B	-0.12%
PAHC	C	-0.12%
PAG	B	-0.12%
OGN	D	-0.12%
PBF	D	-0.12%
AMRX	C	-0.12%
QCRH	A	-0.12%
UFPT	B	-0.12%
WU	D	-0.12%
WLK	D	-0.12%
HCKT	B	-0.11%
UVSP	B	-0.11%
AMAL	B	-0.11%
HCI	C	-0.11%
EQC	B	-0.11%
TWST	D	-0.11%
CTBI	B	-0.11%
SPOK	C	-0.11%
HUBG	A	-0.11%
PLTK	B	-0.11%
MCB	B	-0.11%
ATEN	B	-0.11%
GNE	D	-0.1%
UTI	A	-0.1%
KURA	F	-0.1%
ACT	D	-0.1%
THFF	B	-0.1%
SPNT	A	-0.1%
MDU	D	-0.1%
HSTM	B	-0.1%
WINA	B	-0.1%
IBCP	B	-0.1%
MCRI	A	-0.1%
ZYXI	D	-0.09%
UTMD	F	-0.09%
MLR	B	-0.09%
CWCO	C	-0.09%
INFA	D	-0.09%
CFB	B	-0.09%
FF	D	-0.09%
WSR	A	-0.09%
ANIP	F	-0.09%
OLP	B	-0.09%
CASS	B	-0.09%
ALX	D	-0.08%
NVEC	C	-0.08%
VECO	F	-0.08%
OSUR	F	-0.08%
STAA	F	-0.08%
COLL	F	-0.08%
VNDA	C	-0.08%
EGY	D	-0.08%
SIGA	F	-0.07%
CECO	A	-0.07%
NSSC	D	-0.07%
METC	C	-0.07%
KRT	A	-0.07%
RMR	F	-0.07%
SLP	D	-0.07%
TRNS	D	-0.07%
IMMR	C	-0.06%
MRVI	F	-0.06%
ASC	F	-0.06%
PANL	F	-0.06%
JBI	F	-0.04%