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

$59.46

Average Daily Volume

253,060

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

$41.25

Average Daily Volume

90,039

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	FSMD
30 Days	2.29%	2.34%
60 Days	0.50%	2.27%
90 Days	8.66%	9.84%
12 Months	24.21%	28.91%

336 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in FSMD	Overlap
AAON	B	0.07%	0.2%	0.07%
AAT	C	0.07%	0.1%	0.07%
ACA	B	0.17%	0.14%	0.14%
ACIW	B	0.19%	0.17%	0.17%
ADC	C	0.07%	0.21%	0.07%
ADTN	C	0.17%	0.11%	0.11%
ADUS	C	0.06%	0.14%	0.06%
AEO	D	0.05%	0.14%	0.05%
AGR	C	0.15%	0.14%	0.14%
AGX	B	0.05%	0.11%	0.05%
AIT	B	0.23%	0.21%	0.21%
ALE	A	0.17%	0.16%	0.16%
ALKS	D	0.03%	0.16%	0.03%
ALRM	F	0.03%	0.11%	0.03%
AMCX	F	0.08%	0.07%	0.07%
AMED	D	0.13%	0.14%	0.13%
AMH	D	0.2%	0.29%	0.2%
AMKR	F	0.2%	0.13%	0.13%
AMN	F	0.12%	0.08%	0.08%
AMPH	D	0.0%	0.12%	0.0%
AMR	D	0.11%	0.1%	0.1%
ANDE	D	0.06%	0.09%	0.06%
ANF	D	0.42%	0.2%	0.2%
APAM	C	0.13%	0.13%	0.13%
APOG	B	0.12%	0.09%	0.09%
AROC	D	0.13%	0.16%	0.13%
ASB	D	0.18%	0.13%	0.13%
ASH	F	0.19%	0.14%	0.14%
ASTH	B	0.03%	0.13%	0.03%
ATGE	C	0.19%	0.13%	0.13%
AVA	B	0.17%	0.14%	0.14%
AWI	B	0.21%	0.16%	0.16%
AX	D	0.1%	0.13%	0.1%
AXS	B	0.17%	0.19%	0.17%
AZZ	C	0.11%	0.11%	0.11%
BBSI	C	0.04%	0.08%	0.04%
BCO	B	0.18%	0.15%	0.15%
BCPC	C	0.1%	0.17%	0.1%
BFAM	C	0.16%	0.23%	0.16%
BGC	D	0.13%	0.14%	0.13%
BHE	C	0.22%	0.11%	0.11%
BKE	B	0.1%	0.11%	0.1%
BKH	B	0.23%	0.17%	0.17%
BLD	C	0.06%	0.28%	0.06%
BMI	B	0.07%	0.19%	0.07%
BNL	B	0.06%	0.15%	0.06%
BRBR	B	0.04%	0.22%	0.04%
BRC	B	0.04%	0.13%	0.04%
BRKR	D	0.11%	0.19%	0.11%
BRY	F	0.03%	0.08%	0.03%
BSY	C	0.06%	0.28%	0.06%
BWXT	A	0.22%	0.23%	0.22%
BYD	C	0.17%	0.16%	0.16%
CACC	F	0.08%	0.12%	0.08%
CACC	F	0.15%	0.12%	0.12%
CALM	B	0.16%	0.13%	0.13%
CASH	D	0.06%	0.11%	0.06%
CATY	C	0.15%	0.13%	0.13%
CBSH	D	0.2%	0.2%	0.2%
CBT	B	0.23%	0.18%	0.18%
CBZ	F	0.08%	0.12%	0.08%
CEIX	C	0.13%	0.15%	0.13%
CHCO	D	0.05%	0.11%	0.05%
CHDN	D	0.16%	0.22%	0.16%
CHE	C	0.06%	0.24%	0.06%
CHH	B	0.07%	0.14%	0.07%
CHRD	F	0.1%	0.22%	0.1%
CIVI	F	0.08%	0.16%	0.08%
CLH	C	0.28%	0.27%	0.27%
CLW	F	0.04%	0.05%	0.04%
CNM	F	0.1%	0.18%	0.1%
CNX	B	0.07%	0.2%	0.07%
CNXC	F	0.12%	0.11%	0.11%
CNXN	B	0.09%	0.09%	0.09%
COKE	C	0.15%	0.18%	0.15%
COLM	C	0.18%	0.13%	0.13%
COOP	C	0.23%	0.18%	0.18%
CORT	B	0.07%	0.16%	0.07%
CPF	C	0.04%	0.1%	0.04%
CR	B	0.2%	0.2%	0.2%
CRAI	C	0.04%	0.09%	0.04%
CROX	C	0.21%	0.23%	0.21%
CRUS	D	0.29%	0.19%	0.19%
CRVL	B	0.01%	0.14%	0.01%
CSV	C	0.03%	0.09%	0.03%
CSWI	B	0.07%	0.17%	0.07%
CTRE	C	0.02%	0.17%	0.02%
CTS	D	0.05%	0.1%	0.05%
CUBE	C	0.21%	0.29%	0.21%
CUBI	F	0.06%	0.08%	0.06%
CUZ	C	0.2%	0.16%	0.16%
CVCO	B	0.14%	0.14%	0.14%
CVLT	B	0.15%	0.19%	0.15%
CXW	F	0.19%	0.09%	0.09%
DBX	C	0.06%	0.18%	0.06%
DDS	D	0.1%	0.1%	0.1%
DEA	D	0.06%	0.11%	0.06%
DEI	B	0.22%	0.13%	0.13%
DLB	D	0.12%	0.15%	0.12%
DORM	C	0.12%	0.15%	0.12%
DTM	C	0.2%	0.24%	0.2%
DY	C	0.29%	0.17%	0.17%
EBF	C	0.04%	0.08%	0.04%
EEFT	F	0.17%	0.15%	0.15%
EIG	C	0.09%	0.1%	0.09%
ELAN	D	0.21%	0.2%	0.2%
ELS	D	0.23%	0.3%	0.23%
ENS	C	0.2%	0.13%	0.13%
ENSG	D	0.15%	0.24%	0.15%
ENVA	C	0.17%	0.12%	0.12%
EPAC	B	0.05%	0.11%	0.05%
EPRT	B	0.05%	0.19%	0.05%
ERIE	B	0.05%	0.32%	0.05%
ESAB	C	0.14%	0.17%	0.14%
ESGR	D	0.09%	0.15%	0.09%
ESI	C	0.21%	0.17%	0.17%
ESNT	B	0.19%	0.2%	0.19%
ETH	D	0.04%	0.09%	0.04%
EXEL	C	0.17%	0.22%	0.17%
EXLS	B	0.11%	0.18%	0.11%
EXPO	B	0.08%	0.17%	0.08%
FBP	C	0.08%	0.14%	0.08%
FCN	C	0.22%	0.2%	0.2%
FELE	B	0.12%	0.14%	0.12%
FHI	B	0.05%	0.14%	0.05%
FIX	B	0.22%	0.31%	0.22%
FIZZ	D	0.02%	0.09%	0.02%
FLS	C	0.25%	0.18%	0.18%
FN	C	0.15%	0.22%	0.15%
FORM	F	0.07%	0.13%	0.07%
FR	C	0.12%	0.2%	0.12%
FRT	C	0.25%	0.23%	0.23%
FSS	D	0.12%	0.16%	0.12%
FTDR	B	0.08%	0.15%	0.08%
FTI	D	0.06%	0.29%	0.06%
FUL	D	0.19%	0.15%	0.15%
FULT	D	0.13%	0.13%	0.13%
GEO	F	0.23%	0.09%	0.09%
GHC	B	0.21%	0.13%	0.13%
GIC	D	0.0%	0.07%	0.0%
GIII	D	0.2%	0.11%	0.11%
GMED	D	0.16%	0.22%	0.16%
GOLF	F	0.08%	0.1%	0.08%
GTES	C	0.13%	0.12%	0.12%
GWRE	B	0.07%	0.34%	0.07%
HAE	D	0.08%	0.13%	0.08%
HALO	D	0.08%	0.21%	0.08%
HCC	D	0.25%	0.12%	0.12%
HCSG	D	0.09%	0.08%	0.08%
HE	F	0.18%	0.08%	0.08%
HIW	C	0.24%	0.14%	0.14%
HLI	C	0.18%	0.23%	0.18%
HLNE	B	0.01%	0.2%	0.01%
HMN	C	0.06%	0.11%	0.06%
HNI	C	0.19%	0.1%	0.1%
HRB	C	0.08%	0.24%	0.08%
HSII	C	0.03%	0.08%	0.03%
HWKN	B	0.08%	0.11%	0.08%
IBKR	B	0.09%	0.34%	0.09%
IBOC	D	0.1%	0.13%	0.1%
IBP	C	0.11%	0.18%	0.11%
ICFI	C	0.1%	0.12%	0.1%
IDCC	B	0.11%	0.14%	0.11%
IMKTA	D	0.18%	0.09%	0.09%
INCY	C	0.19%	0.25%	0.19%
INSW	C	0.04%	0.13%	0.04%
INVA	C	0.06%	0.1%	0.06%
IOSP	F	0.11%	0.11%	0.11%
ITGR	C	0.13%	0.17%	0.13%
JBSS	F	0.05%	0.08%	0.05%
KAI	C	0.07%	0.13%	0.07%
KELYA	D	0.14%	0.07%	0.07%
KFRC	F	0.08%	0.08%	0.08%
KFY	C	0.21%	0.13%	0.13%
KLG	D	0.07%	0.09%	0.07%
KNF	C	0.19%	0.17%	0.17%
KNSL	D	0.02%	0.25%	0.02%
KRC	C	0.21%	0.15%	0.15%
KTB	B	0.14%	0.16%	0.14%
LANC	F	0.1%	0.13%	0.1%
LBRT	F	0.14%	0.14%	0.14%
LEVI	C	0.02%	0.13%	0.02%
LGND	D	0.01%	0.11%	0.01%
LOPE	D	0.21%	0.15%	0.15%
LPG	F	0.04%	0.1%	0.04%
LRN	B	0.12%	0.15%	0.12%
LTC	C	0.05%	0.11%	0.05%
LYV	A	0.02%	0.37%	0.02%
LZB	C	0.16%	0.11%	0.11%
MANH	B	0.12%	0.38%	0.12%
MASI	C	0.11%	0.21%	0.11%
MATX	B	0.05%	0.16%	0.05%
MCY	C	0.14%	0.11%	0.11%
MEDP	F	0.07%	0.2%	0.07%
MGRC	D	0.08%	0.11%	0.08%
MGY	D	0.07%	0.18%	0.07%
MHO	B	0.29%	0.16%	0.16%
MMS	B	0.07%	0.16%	0.07%
MMSI	C	0.09%	0.2%	0.09%
MOG.A	B	0.22%	0.17%	0.17%
MORN	C	0.11%	0.22%	0.11%
MSA	D	0.1%	0.17%	0.1%
MSBI	D	0.0%	0.09%	0.0%
MSM	D	0.06%	0.13%	0.06%
MTCH	C	0.16%	0.26%	0.16%
MTX	D	0.14%	0.11%	0.11%
MWA	B	0.11%	0.12%	0.11%
NBIX	F	0.06%	0.26%	0.06%
NEU	D	0.15%	0.14%	0.14%
NHC	D	0.11%	0.11%	0.11%
NHI	C	0.11%	0.15%	0.11%
NMIH	C	0.08%	0.14%	0.08%
NNN	B	0.19%	0.23%	0.19%
NOVT	D	0.05%	0.19%	0.05%
NPK	D	0.02%	0.07%	0.02%
NSA	C	0.08%	0.14%	0.08%
NWE	A	0.18%	0.16%	0.16%
NYT	B	0.19%	0.25%	0.19%
OFG	C	0.06%	0.12%	0.06%
OHI	C	0.29%	0.26%	0.26%
OLED	D	0.08%	0.23%	0.08%
OLLI	C	0.18%	0.19%	0.18%
ONTO	C	0.08%	0.26%	0.08%
OSIS	C	0.09%	0.12%	0.09%
OTTR	F	0.09%	0.13%	0.09%
OZK	F	0.18%	0.14%	0.14%
PATK	C	0.19%	0.14%	0.14%
PBH	C	0.11%	0.15%	0.11%
PDM	C	0.14%	0.11%	0.11%
PEBO	D	0.01%	0.09%	0.01%
PEGA	B	0.03%	0.14%	0.03%
PFBC	D	0.01%	0.1%	0.01%
PGRE	D	0.1%	0.09%	0.09%
PHIN	C	0.16%	0.12%	0.12%
PINC	D	0.18%	0.11%	0.11%
PIPR	B	0.16%	0.16%	0.16%
PJT	B	0.06%	0.14%	0.06%
PLAB	D	0.07%	0.11%	0.07%
PLNT	C	0.12%	0.21%	0.12%
PLUS	B	0.14%	0.13%	0.13%
PLXS	B	0.22%	0.15%	0.15%
PPC	D	0.14%	0.1%	0.1%
PRDO	D	0.08%	0.1%	0.08%
PRGS	A	0.05%	0.14%	0.05%
PRIM	B	0.04%	0.12%	0.04%
PSN	B	0.11%	0.15%	0.11%
PSTG	F	0.05%	0.33%	0.05%
QLYS	D	0.05%	0.15%	0.05%
RBC	B	0.08%	0.21%	0.08%
RDN	D	0.27%	0.17%	0.17%
RDNT	B	0.05%	0.18%	0.05%
REX	D	0.01%	0.1%	0.01%
REXR	C	0.08%	0.27%	0.08%
REYN	C	0.07%	0.11%	0.07%
RGEN	F	0.04%	0.19%	0.04%
RGLD	C	0.14%	0.24%	0.14%
RLI	B	0.11%	0.19%	0.11%
RNR	B	0.21%	0.32%	0.21%
ROAD	C	0.06%	0.13%	0.06%
ROCK	D	0.08%	0.1%	0.08%
ROL	C	0.15%	0.31%	0.15%
SBH	B	0.19%	0.12%	0.12%
SCHL	D	0.07%	0.11%	0.07%
SCS	D	0.18%	0.08%	0.08%
SCSC	D	0.14%	0.1%	0.1%
SCVL	C	0.06%	0.1%	0.06%
SEM	D	0.23%	0.14%	0.14%
SF	B	0.25%	0.25%	0.25%
SHO	C	0.11%	0.12%	0.11%
SHOO	B	0.19%	0.15%	0.15%
SIGI	D	0.14%	0.18%	0.14%
SKYW	C	0.14%	0.13%	0.13%
SLGN	B	0.1%	0.14%	0.1%
SLVM	C	0.28%	0.14%	0.14%
SMP	D	0.05%	0.09%	0.05%
SN	B	0.21%	0.2%	0.2%
SNEX	C	0.01%	0.12%	0.01%
SPSC	D	0.04%	0.19%	0.04%
SR	B	0.2%	0.16%	0.16%
SRCE	D	0.03%	0.09%	0.03%
SSD	C	0.17%	0.2%	0.17%
SSTK	F	0.03%	0.1%	0.03%
STAG	D	0.12%	0.2%	0.12%
STNG	D	0.06%	0.14%	0.06%
STRA	F	0.09%	0.11%	0.09%
STRL	C	0.08%	0.16%	0.08%
SUM	D	0.15%	0.15%	0.15%
SUPN	D	0.05%	0.12%	0.05%
SXC	F	0.05%	0.07%	0.05%
SXT	B	0.15%	0.13%	0.13%
TK	C	0.01%	0.12%	0.01%
TNC	D	0.07%	0.09%	0.07%
TNK	D	0.04%	0.11%	0.04%
TNL	C	0.06%	0.14%	0.06%
TPC	C	0.29%	0.09%	0.09%
TPL	C	0.12%	0.4%	0.12%
TREX	F	0.11%	0.17%	0.11%
TTEK	C	0.24%	0.28%	0.24%
TW	B	0.09%	0.33%	0.09%
TXRH	B	0.25%	0.28%	0.25%
UE	C	0.1%	0.13%	0.1%
UMBF	C	0.16%	0.16%	0.16%
UNF	B	0.17%	0.11%	0.11%
URBN	F	0.18%	0.1%	0.1%
USM	C	0.02%	0.11%	0.02%
USPH	F	0.02%	0.1%	0.02%
UTHR	B	0.31%	0.36%	0.31%
UTL	C	0.04%	0.11%	0.04%
UVE	C	0.04%	0.1%	0.04%
VCTR	B	0.02%	0.12%	0.02%
VGR	C	0.11%	0.12%	0.11%
VIRT	C	0.22%	0.14%	0.14%
VMI	C	0.22%	0.16%	0.16%
VNT	F	0.14%	0.16%	0.14%
VRRM	D	0.06%	0.14%	0.06%
VSH	F	0.05%	0.1%	0.05%
VSTO	C	0.14%	0.12%	0.12%
VVV	D	0.17%	0.16%	0.16%
WABC	D	0.03%	0.1%	0.03%
WAL	B	0.27%	0.24%	0.24%
WBS	C	0.19%	0.21%	0.19%
WDFC	C	0.06%	0.13%	0.06%
WEN	C	0.13%	0.13%	0.13%
WFRD	F	0.05%	0.18%	0.05%
WH	B	0.18%	0.19%	0.18%
WING	C	0.06%	0.3%	0.06%
WMG	D	0.01%	0.18%	0.01%
WMS	D	0.13%	0.23%	0.13%
WSBC	D	0.1%	0.11%	0.1%
WTFC	C	0.2%	0.19%	0.19%
WTS	C	0.13%	0.16%	0.13%
WWD	C	0.24%	0.24%	0.24%
XHR	B	0.11%	0.11%	0.11%
YELP	D	0.13%	0.13%	0.13%
ZD	D	0.12%	0.14%	0.12%
ZWS	B	0.06%	0.15%	0.06%

FNDA Overweight 660 Positions Relative to FSMD

Symbol	Grade	Weight
SATS	C	0.63%
RCL	B	0.41%
FICO	B	0.35%
COIN	F	0.28%
BKU	D	0.28%
VLTO	B	0.27%
KMPR	D	0.27%
PRG	C	0.27%
SWX	C	0.26%
MAC	B	0.26%
XPO	D	0.25%
GME	D	0.25%
CRS	C	0.25%
HEI	C	0.25%
UAL	B	0.24%
AGNC	B	0.24%
SPB	B	0.24%
SPOT	C	0.24%
AGO	D	0.23%
SPR	D	0.23%
GVA	B	0.23%
DHC	C	0.23%
AVNT	B	0.22%
DBRG	D	0.22%
LNW	F	0.22%
RXO	D	0.22%
GATX	D	0.22%
CCS	C	0.22%
SBRA	C	0.21%
COLD	D	0.21%
FNB	D	0.21%
SMG	B	0.21%
SCCO	C	0.21%
STC	C	0.21%
CWK	B	0.21%
SIG	C	0.21%
PB	D	0.21%
Z	C	0.21%
PNFP	C	0.2%
GMS	C	0.2%
ACHC	D	0.2%
SMCI	F	0.2%
FDP	C	0.2%
IDA	B	0.2%
UAA	C	0.2%
CADE	C	0.2%
SRCL	B	0.2%
KEX	C	0.2%
PFSI	C	0.2%
UNIT	C	0.2%
COMM	C	0.2%
TTMI	D	0.19%
SAIA	D	0.19%
HWC	D	0.19%
MAT	D	0.19%
COLB	B	0.19%
LCII	C	0.19%
VSCO	C	0.19%
FDS	C	0.19%
VRT	C	0.19%
RPRX	C	0.19%
TRN	C	0.19%
EBS	D	0.19%
MC	C	0.19%
OGS	B	0.19%
NJR	C	0.18%
PCH	C	0.18%
OMI	D	0.18%
ENTG	D	0.18%
UBSI	D	0.18%
MPWR	B	0.18%
NOMD	C	0.18%
HRI	C	0.18%
HP	F	0.18%
CFR	C	0.18%
TEX	F	0.18%
FHB	D	0.18%
PNM	B	0.18%
OUT	B	0.17%
WAFD	D	0.17%
VLY	D	0.17%
WMK	D	0.17%
JELD	D	0.17%
HXL	F	0.17%
ZM	C	0.17%
CSGP	D	0.17%
THS	C	0.17%
LFUS	C	0.17%
MLKN	F	0.17%
ARCB	D	0.17%
BIO	C	0.17%
PSMT	B	0.17%
MOD	C	0.17%
NVST	D	0.16%
APLE	C	0.16%
CRC	C	0.16%
LITE	B	0.16%
WD	B	0.16%
LGIH	D	0.16%
WTM	F	0.16%
GBX	D	0.16%
KMT	B	0.16%
PDCO	F	0.16%
SFNC	C	0.15%
APP	C	0.15%
RYN	C	0.15%
PTEN	F	0.15%
WGO	D	0.15%
NMRK	B	0.15%
BXMT	C	0.15%
VSTS	D	0.15%
GBCI	C	0.15%
BDC	B	0.15%
TPG	C	0.15%
VEEV	C	0.15%
EPR	C	0.15%
JBGS	C	0.15%
ONB	D	0.15%
SKY	B	0.15%
ICUI	C	0.15%
CNK	C	0.15%
UVV	D	0.15%
RH	C	0.15%
WYNN	C	0.15%
LAUR	C	0.15%
GEF	C	0.14%
WEX	C	0.14%
MKTX	D	0.14%
APG	F	0.14%
CGNX	F	0.14%
SNDR	B	0.14%
DOLE	B	0.14%
DNOW	F	0.14%
SAH	D	0.14%
ARES	B	0.14%
EAT	C	0.14%
H	B	0.14%
SLAB	D	0.14%
B	C	0.14%
SVC	F	0.14%
FND	C	0.14%
SITE	D	0.14%
DASH	B	0.14%
TYL	C	0.14%
FWRD	D	0.13%
ABCB	C	0.13%
BOH	D	0.13%
IAC	C	0.13%
KAR	D	0.13%
SMTC	C	0.13%
TROX	D	0.13%
IGT	D	0.13%
ITRI	C	0.13%
PBI	C	0.13%
WWW	A	0.13%
HPP	F	0.13%
AMWD	C	0.13%
MTDR	F	0.13%
JBLU	C	0.12%
RLJ	D	0.12%
BDN	C	0.12%
SCL	D	0.12%
ECPG	D	0.12%
DNB	D	0.12%
TDC	D	0.12%
TCBI	C	0.12%
AMRK	C	0.12%
BOOT	B	0.12%
AIR	D	0.12%
TRMK	D	0.11%
SKT	B	0.11%
BANR	C	0.11%
FFBC	D	0.11%
PLTR	C	0.11%
WDAY	D	0.11%
KRG	C	0.11%
RRC	D	0.11%
TECH	C	0.11%
PTC	C	0.11%
RIG	F	0.11%
TWLO	C	0.11%
OPCH	C	0.11%
TNET	F	0.11%
ETSY	D	0.11%
BOKF	C	0.11%
EPC	F	0.11%
DIOD	F	0.11%
DRH	C	0.11%
HOPE	D	0.11%
HTH	D	0.11%
PECO	C	0.11%
MELI	C	0.1%
LXP	C	0.1%
GNL	D	0.1%
KALU	D	0.1%
GFF	C	0.1%
AIN	F	0.1%
AM	B	0.1%
ALEX	C	0.1%
PPBI	D	0.1%
CBRL	D	0.1%
HTLF	C	0.1%
ATKR	F	0.1%
ESRT	C	0.1%
PFS	C	0.1%
WSC	D	0.1%
HLF	F	0.1%
CDE	C	0.1%
IPGP	D	0.1%
HL	C	0.1%
SNBR	D	0.1%
CBU	D	0.1%
EMBC	D	0.1%
CHX	F	0.1%
DLX	F	0.1%
FIBK	C	0.1%
CABO	F	0.1%
FFIN	C	0.09%
KW	C	0.09%
GCI	C	0.09%
ROKU	D	0.09%
CENTA	F	0.09%
BMRN	F	0.09%
REVG	D	0.09%
ENR	D	0.09%
TOWN	D	0.09%
NTCT	C	0.09%
TILE	C	0.09%
VC	F	0.09%
RHP	C	0.09%
AKR	B	0.09%
CSTM	D	0.09%
ATI	C	0.09%
IBTX	C	0.09%
MD	C	0.09%
JBT	C	0.09%
NGVT	D	0.09%
WSFS	D	0.09%
BKD	D	0.09%
HEES	D	0.09%
ABNB	D	0.09%
BSIG	C	0.09%
EGP	C	0.09%
MGEE	C	0.09%
HELE	D	0.09%
HGV	F	0.09%
ORA	B	0.09%
NPO	C	0.09%
ABR	B	0.09%
PMT	C	0.09%
ENOV	F	0.09%
CWEN	A	0.09%
CVBF	D	0.09%
UCBI	B	0.09%
WOR	F	0.09%
SASR	C	0.09%
AEIS	D	0.09%
ROIC	C	0.08%
TALO	F	0.08%
FIVE	D	0.08%
BLMN	F	0.08%
OII	D	0.08%
COMP	C	0.08%
PEB	D	0.08%
FSLR	C	0.08%
WNC	F	0.08%
CNS	B	0.08%
NVRI	D	0.08%
HAIN	C	0.08%
RNG	F	0.08%
HZO	C	0.08%
AZEK	C	0.08%
MATV	D	0.08%
BGS	D	0.08%
JJSF	B	0.08%
NWBI	D	0.08%
ESE	B	0.08%
SYNA	D	0.08%
CPNG	B	0.08%
SAFT	D	0.08%
INDB	D	0.08%
CNA	D	0.08%
NOW	C	0.08%
NSP	F	0.08%
THRM	F	0.08%
LADR	D	0.08%
NWN	B	0.08%
PINS	D	0.08%
NTGR	D	0.08%
HI	F	0.08%
FRME	D	0.08%
PRK	D	0.08%
SLG	C	0.08%
VIAV	C	0.08%
AXL	F	0.08%
SAM	D	0.08%
CCO	D	0.08%
BV	C	0.08%
JACK	F	0.08%
RRR	D	0.08%
VSAT	F	0.08%
ARI	F	0.08%
CWT	D	0.08%
WTRG	D	0.07%
FCF	D	0.07%
ALG	D	0.07%
CPK	B	0.07%
IRDM	C	0.07%
ROG	D	0.07%
AGRO	C	0.07%
MRCY	C	0.07%
JWN	C	0.07%
DXCM	F	0.07%
BZH	B	0.07%
HLX	D	0.07%
HOMB	D	0.07%
KLIC	D	0.07%
MYRG	F	0.07%
PTVE	D	0.07%
TTD	B	0.07%
MTRN	D	0.07%
ATSG	C	0.07%
GO	F	0.07%
LILAK	D	0.07%
COTY	D	0.07%
NNI	C	0.07%
MRC	D	0.07%
PAYC	D	0.07%
CNDT	C	0.07%
POWI	F	0.07%
CODI	C	0.07%
STBA	D	0.07%
NBTB	D	0.07%
RAMP	F	0.07%
IRT	C	0.07%
DFIN	D	0.07%
RYI	F	0.07%
OMCL	C	0.07%
LGF.A	F	0.07%
KOS	F	0.07%
AY	B	0.07%
UCTT	D	0.07%
NTB	D	0.07%
OPEN	F	0.07%
CCOI	C	0.07%
KN	D	0.07%
CSGS	C	0.07%
YETI	D	0.07%
VBTX	C	0.06%
GLNG	B	0.06%
TSE	C	0.06%
PR	F	0.06%
THRY	F	0.06%
TRNO	D	0.06%
TRIP	F	0.06%
AAL	D	0.06%
KWR	D	0.06%
RDUS	D	0.06%
HMST	B	0.06%
PUMP	F	0.06%
CRL	F	0.06%
OEC	F	0.06%
PRAA	F	0.06%
ENPH	D	0.06%
NBR	F	0.06%
CWST	D	0.06%
APO	B	0.06%
MODG	F	0.06%
CNSL	A	0.06%
TRS	C	0.06%
BXC	D	0.06%
MMI	C	0.06%
EXPI	C	0.06%
SWBI	F	0.06%
BLKB	C	0.06%
AAN	C	0.06%
ZUMZ	D	0.06%
ALK	B	0.06%
CAKE	B	0.06%
ENV	C	0.06%
SXI	C	0.06%
SABR	C	0.06%
GTN	D	0.06%
EBC	C	0.06%
NX	F	0.06%
AWR	C	0.06%
KOP	F	0.06%
CVI	F	0.06%
VRSN	C	0.06%
CARG	C	0.06%
DHT	C	0.06%
BUSE	D	0.06%
OXM	F	0.06%
SFL	D	0.06%
HHH	C	0.06%
CAL	F	0.06%
ILPT	D	0.06%
GES	F	0.06%
CMPR	F	0.06%
MRTN	D	0.06%
JAZZ	D	0.06%
ACCO	C	0.06%
STNE	F	0.05%
PRA	C	0.05%
AUB	D	0.05%
CVGW	C	0.05%
ASTE	F	0.05%
CBL	D	0.05%
SGH	D	0.05%
SMPL	D	0.05%
DXPE	C	0.05%
MNRO	C	0.05%
CRK	C	0.05%
FBNC	C	0.05%
FOXF	F	0.05%
HTLD	F	0.05%
GFS	F	0.05%
EXAS	D	0.05%
XP	D	0.05%
SBLK	C	0.05%
RWT	C	0.05%
RGR	F	0.05%
PAGS	F	0.05%
SONO	F	0.05%
GCO	F	0.05%
PLAY	D	0.05%
PRFT	B	0.05%
NEOG	D	0.05%
SJW	F	0.05%
LYFT	D	0.05%
W	C	0.05%
AZTA	F	0.05%
GLOB	D	0.05%
ALIT	D	0.05%
ZIMV	F	0.05%
GPRE	F	0.05%
FCPT	C	0.05%
LBRDK	C	0.05%
SENEA	B	0.05%
UIS	C	0.05%
CPS	D	0.05%
MYGN	D	0.05%
ASIX	B	0.05%
CNMD	D	0.05%
NUS	F	0.05%
SSB	C	0.05%
TRTX	D	0.05%
CWH	C	0.05%
HURN	C	0.05%
CHEF	C	0.05%
EYE	F	0.05%
HQY	C	0.05%
KTOS	B	0.05%
WHD	D	0.05%
EFSC	D	0.05%
SEB	D	0.04%
TDOC	D	0.04%
PARR	F	0.04%
EVRI	B	0.04%
KREF	C	0.04%
MATW	F	0.04%
TEN	D	0.04%
SBSI	D	0.04%
RKT	C	0.04%
RES	D	0.04%
CMRE	C	0.04%
DAC	C	0.04%
COHU	F	0.04%
ECVT	F	0.04%
GRBK	B	0.04%
AVNS	C	0.04%
EAF	D	0.04%
GLDD	C	0.04%
ACLS	F	0.04%
SFIX	F	0.04%
SHEN	F	0.04%
PTON	C	0.04%
HVT	F	0.04%
MTUS	F	0.04%
CLVT	D	0.04%
TBI	F	0.04%
USNA	F	0.04%
WTTR	D	0.04%
LNN	C	0.04%
CNNE	F	0.04%
LKFN	D	0.04%
CMCO	D	0.04%
EGBN	D	0.04%
ICHR	D	0.04%
GDOT	D	0.04%
LIVN	D	0.04%
IART	F	0.04%
AHCO	C	0.04%
EVTC	D	0.04%
CFFN	D	0.04%
WRLD	D	0.04%
IHRT	D	0.04%
WOOF	C	0.04%
STEP	B	0.04%
PODD	C	0.04%
BRSP	D	0.03%
DHIL	C	0.03%
RUN	D	0.03%
CCSI	C	0.03%
SNOW	F	0.03%
CLOV	D	0.03%
TOST	C	0.03%
CRGY	D	0.03%
HAFC	D	0.03%
NOG	F	0.03%
ARCO	F	0.03%
TMP	D	0.03%
PEN	D	0.03%
WASH	C	0.03%
HFWA	D	0.03%
AMC	F	0.03%
HAYW	C	0.03%
CLB	D	0.03%
IVT	D	0.03%
UFCS	D	0.03%
BRKL	C	0.03%
SGRY	D	0.03%
BANF	C	0.03%
MTW	F	0.03%
ALTO	D	0.03%
CNOB	C	0.03%
BJRI	D	0.03%
ZI	D	0.03%
OPI	F	0.03%
GNK	C	0.03%
OPK	D	0.03%
TPIC	C	0.03%
PFC	D	0.03%
SHYF	D	0.03%
TCBK	D	0.03%
WOW	D	0.03%
CSR	D	0.03%
HASI	C	0.03%
AVO	C	0.03%
PZZA	D	0.03%
VAL	F	0.03%
IPAR	D	0.03%
DBI	F	0.03%
CARS	F	0.03%
OCFC	B	0.03%
PRLB	F	0.03%
LSCC	D	0.03%
MERC	D	0.03%
ZEUS	F	0.03%
DCO	B	0.03%
VRNT	F	0.03%
NVEE	F	0.03%
JRVR	F	0.02%
MED	F	0.02%
VIR	F	0.02%
MXL	D	0.02%
AGL	F	0.02%
OKTA	F	0.02%
MOV	F	0.02%
DIN	D	0.02%
GDEN	D	0.02%
VREX	F	0.02%
AGM	D	0.02%
GTLS	F	0.02%
SBCF	D	0.02%
PRVA	F	0.02%
TUP	F	0.02%
SFBS	C	0.02%
VSEC	D	0.02%
ALGT	D	0.02%
OIS	F	0.02%
DENN	D	0.02%
TITN	F	0.02%
CALX	C	0.02%
VRTS	F	0.02%
XPRO	F	0.02%
ATNI	C	0.02%
DT	C	0.02%
IRBT	F	0.02%
FLGT	F	0.02%
CMP	D	0.02%
PLCE	D	0.02%
CCRN	F	0.02%
DAY	D	0.02%
SRI	F	0.02%
MYE	F	0.02%
RNST	D	0.02%
TKO	A	0.02%
KRNY	D	0.02%
FLWS	F	0.02%
RYAM	C	0.02%
CLDT	D	0.02%
HLIO	C	0.02%
RC	F	0.02%
AMBC	F	0.02%
ARKO	C	0.02%
CTRN	D	0.02%
CMTG	F	0.02%
MEI	D	0.02%
RGP	F	0.02%
PLOW	C	0.02%
GTY	C	0.02%
INMD	D	0.01%
HAYN	D	0.01%
TTEC	F	0.01%
THR	F	0.01%
MGPI	F	0.01%
DNUT	F	0.01%
ONEW	D	0.01%
EVH	D	0.01%
LXU	D	0.01%
NIC	D	0.01%
SPWH	D	0.01%
TBBK	C	0.01%
NBHC	D	0.01%
FBK	C	0.01%
NR	F	0.01%
VTOL	D	0.01%
CMTL	D	0.01%
AMRC	B	0.01%
IIPR	B	0.01%
BHLB	C	0.01%
IIIN	F	0.01%
MBUU	D	0.01%
AOSL	D	0.01%
HOV	D	0.01%
IRWD	F	0.01%
KE	F	0.01%
LESL	F	0.01%
AMSF	C	0.01%
MODV	F	0.01%
MP	C	0.01%
PETS	D	0.01%
GPRO	F	0.01%
RILY	F	0.01%
BMBL	F	0.01%
WOLF	F	0.01%
EDR	A	0.01%
AVD	F	0.01%
PKST	D	0.01%
PRM	B	0.01%
GSL	D	0.01%
SEDG	F	0.01%
SSP	F	0.01%
NU	C	0.01%
RMBS	F	0.01%
SNAP	D	0.01%
GPMT	D	0.01%
SSYS	D	0.01%
CRMT	F	0.01%
CHGG	F	0.0%
PCRX	F	0.0%
SEG	F	0.0%
CRNC	F	0.0%
ALGM	D	0.0%
WTI	F	0.0%
GSM	F	0.0%
TWI	D	0.0%
HY	F	0.0%
CENT	F	0.0%

FNDA Underweight 244 Positions Relative to FSMD

Symbol	Grade	Weight
NRG	B	-0.43%
EME	B	-0.42%
LII	C	-0.4%
THC	C	-0.37%
NTNX	D	-0.35%
TOL	A	-0.35%
UHS	C	-0.34%
RPM	B	-0.34%
PNR	B	-0.34%
NTRA	C	-0.34%
WSO	C	-0.33%
RGA	C	-0.32%
DUOL	C	-0.32%
OC	C	-0.31%
GGG	C	-0.31%
CPT	C	-0.31%
NWSA	D	-0.31%
L	D	-0.31%
PCVX	C	-0.31%
SNA	B	-0.31%
EQH	C	-0.3%
NDSN	C	-0.3%
CASY	D	-0.3%
ACM	B	-0.3%
SW	B	-0.29%
JNPR	A	-0.29%
JLL	B	-0.29%
DKS	D	-0.29%
SCI	C	-0.28%
ALLE	B	-0.28%
CHRW	B	-0.28%
CW	B	-0.28%
TFX	B	-0.28%
LAMR	B	-0.28%
BXP	C	-0.28%
REG	C	-0.28%
TPR	A	-0.27%
SRPT	F	-0.27%
ITT	B	-0.27%
NVT	C	-0.26%
AIZ	B	-0.26%
SOLV	D	-0.26%
EWBC	C	-0.26%
SFM	B	-0.26%
GL	D	-0.25%
DOX	C	-0.25%
BJ	D	-0.25%
UNM	B	-0.25%
CHK	C	-0.25%
EHC	B	-0.25%
CACI	B	-0.25%
ATR	B	-0.25%
OGE	B	-0.24%
CPB	C	-0.24%
PRI	B	-0.24%
LECO	D	-0.24%
EVR	B	-0.24%
TPX	B	-0.24%
TAP	D	-0.24%
AOS	B	-0.24%
CIEN	B	-0.24%
EXP	B	-0.24%
DVA	B	-0.24%
BRX	C	-0.23%
SKX	C	-0.23%
INGR	B	-0.23%
ORI	B	-0.23%
HSIC	C	-0.23%
MUSA	D	-0.23%
AFG	C	-0.23%
SNX	C	-0.23%
HII	F	-0.23%
OWL	B	-0.23%
FHN	D	-0.22%
MHK	B	-0.22%
DOCS	B	-0.22%
LNTH	D	-0.22%
CMA	C	-0.22%
GPK	C	-0.22%
HRL	F	-0.22%
VOYA	B	-0.22%
ALLY	F	-0.22%
TMHC	B	-0.21%
ALSN	B	-0.21%
BERY	B	-0.21%
ADMA	C	-0.21%
TTC	F	-0.21%
AYI	B	-0.21%
DCI	C	-0.21%
BWA	C	-0.21%
RL	B	-0.21%
MTG	B	-0.2%
ARW	B	-0.2%
GNTX	D	-0.2%
GKOS	C	-0.2%
SEIC	B	-0.2%
MTN	D	-0.2%
BPOP	C	-0.2%
UFPI	C	-0.2%
PI	B	-0.2%
MLI	B	-0.2%
DINO	F	-0.2%
MTH	C	-0.2%
AXTA	B	-0.2%
ZION	D	-0.19%
JXN	B	-0.19%
SAIC	C	-0.19%
VRNS	B	-0.19%
ACI	F	-0.19%
CRBG	C	-0.19%
NFG	B	-0.19%
LSTR	D	-0.18%
THG	C	-0.18%
ALTR	C	-0.18%
R	C	-0.18%
NSIT	C	-0.18%
G	C	-0.18%
ALV	F	-0.18%
MTSI	C	-0.18%
RHI	D	-0.18%
UGI	B	-0.18%
KBH	C	-0.18%
SNV	D	-0.18%
BPMC	F	-0.17%
ESTC	F	-0.17%
ASO	D	-0.17%
QTWO	C	-0.17%
APPF	C	-0.17%
GPI	B	-0.17%
OSK	F	-0.17%
PRCT	C	-0.17%
NXST	D	-0.17%
AMG	C	-0.17%
CMC	D	-0.17%
ACLX	C	-0.17%
POST	B	-0.17%
ZETA	C	-0.17%
OGN	D	-0.16%
AVT	B	-0.16%
BCC	C	-0.16%
MDU	B	-0.16%
SLM	C	-0.16%
HOG	C	-0.16%
SON	D	-0.16%
EWTX	C	-0.16%
KD	F	-0.16%
AGCO	D	-0.16%
OMF	D	-0.16%
CNO	C	-0.15%
TDS	B	-0.15%
AN	C	-0.15%
ABG	D	-0.15%
FLO	C	-0.15%
WU	C	-0.15%
ASGN	D	-0.15%
TPH	C	-0.15%
TKR	C	-0.15%
KRYS	D	-0.15%
TENB	F	-0.15%
WLK	C	-0.15%
BTU	C	-0.15%
AXNX	B	-0.15%
SANM	D	-0.14%
TGNA	C	-0.14%
DXC	D	-0.14%
CPRX	C	-0.14%
CRNX	D	-0.14%
UFPT	D	-0.13%
GPOR	C	-0.13%
PAG	D	-0.13%
PLMR	C	-0.13%
PBF	F	-0.13%
GNW	C	-0.13%
MIR	C	-0.12%
IDT	C	-0.12%
EQC	D	-0.12%
VCEL	F	-0.12%
AMRX	C	-0.12%
RUSHA	C	-0.12%
TWST	D	-0.12%
POWL	B	-0.12%
LMAT	B	-0.12%
HIMS	D	-0.12%
SQSP	B	-0.12%
GNE	F	-0.11%
SPOK	C	-0.11%
SPNT	D	-0.11%
FF	D	-0.11%
ACT	C	-0.11%
HCI	C	-0.11%
KURA	D	-0.11%
ARCH	D	-0.11%
PAHC	C	-0.11%
HUBG	C	-0.11%
IESC	B	-0.11%
SKWD	B	-0.11%
PLTK	C	-0.11%
AMAL	D	-0.1%
MCB	C	-0.1%
ASC	D	-0.1%
UVSP	C	-0.1%
INFA	D	-0.1%
WINA	C	-0.1%
USLM	B	-0.1%
ATEN	C	-0.1%
MCRI	B	-0.1%
QCRH	D	-0.1%
COLL	C	-0.1%
ZYXI	F	-0.09%
OSUR	F	-0.09%
MRVI	D	-0.09%
ALX	B	-0.09%
WSR	D	-0.09%
CASS	D	-0.09%
UTMD	F	-0.09%
HCKT	C	-0.09%
CFB	D	-0.09%
THFF	D	-0.09%
CWCO	F	-0.09%
EGY	D	-0.09%
ANIP	F	-0.09%
STAA	D	-0.09%
IBCP	D	-0.09%
TRNS	D	-0.09%
CTBI	D	-0.09%
TPB	B	-0.09%
OLP	C	-0.09%
HSTM	D	-0.09%
VECO	F	-0.09%
VNDA	F	-0.08%
CECO	C	-0.08%
NSSC	F	-0.08%
RMR	C	-0.08%
UTI	D	-0.08%
NVEC	D	-0.08%
SMLR	F	-0.07%
SIGA	F	-0.07%
METC	F	-0.07%
MLR	D	-0.07%
SLP	F	-0.07%
PANL	D	-0.07%
IMMR	D	-0.06%
KRT	F	-0.06%
JBI	F	-0.06%