FNDA vs. HYBB ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to iShares BB Rated Corporate Bond ETF (HYBB)

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

$31.38

Average Daily Volume

495,811

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.58

Average Daily Volume

53,763

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	HYBB
30 Days	5.80%	0.53%
60 Days	6.02%	-1.00%
90 Days	6.78%	0.13%
12 Months	28.61%	7.77%

123 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in HYBB	Overlap
AAL	B	0.05%	0.11%	0.05%
ACCO	C	0.05%	0.08%	0.05%
AIR	B	0.12%	0.09%	0.09%
ALGT	B	0.08%	0.08%	0.08%
AM	A	0.1%	0.09%	0.09%
AMCX	C	0.05%	0.13%	0.05%
AMKR	D	0.17%	0.08%	0.08%
AMN	F	0.07%	0.05%	0.05%
ASH	F	0.17%	0.05%	0.05%
ATGE	B	0.19%	0.07%	0.07%
ATKR	D	0.13%	0.06%	0.06%
ATSG	B	0.06%	0.09%	0.06%
AVNT	B	0.22%	0.09%	0.09%
BCO	F	0.14%	0.06%	0.06%
BDN	C	0.07%	0.04%	0.04%
BLD	D	0.11%	0.05%	0.05%
BSIG	A	0.07%	0.04%	0.04%
BWXT	B	0.26%	0.06%	0.06%
BXMT	C	0.14%	0.05%	0.05%
BYD	B	0.21%	0.12%	0.12%
CACC	D	0.14%	0.06%	0.06%
CCOI	B	0.08%	0.06%	0.06%
CCS	D	0.19%	0.06%	0.06%
CENT	C	0.01%	0.04%	0.01%
CHRD	D	0.12%	0.04%	0.04%
CIVI	D	0.11%	0.06%	0.06%
CLH	C	0.26%	0.04%	0.04%
CNX	A	0.17%	0.06%	0.06%
COOP	B	0.22%	0.07%	0.07%
COTY	F	0.06%	0.07%	0.06%
CRL	D	0.11%	0.06%	0.06%
CRS	B	0.25%	0.05%	0.05%
CSTM	F	0.04%	0.03%	0.03%
CWK	C	0.22%	0.09%	0.09%
CXT	C	0.07%	0.04%	0.04%
CXW	C	0.28%	0.08%	0.08%
DY	D	0.24%	0.07%	0.07%
ECPG	C	0.12%	0.08%	0.08%
ENS	F	0.19%	0.04%	0.04%
ENTG	D	0.16%	0.05%	0.05%
EPC	F	0.11%	0.07%	0.07%
ESAB	C	0.17%	0.11%	0.11%
ESI	B	0.22%	0.12%	0.12%
FUL	F	0.17%	0.04%	0.04%
GEO	B	0.42%	0.09%	0.09%
GHC	B	0.23%	0.07%	0.07%
GNL	F	0.07%	0.08%	0.07%
GOLF	B	0.08%	0.05%	0.05%
GTLS	A	0.06%	0.23%	0.06%
GTN	F	0.04%	0.2%	0.04%
HGV	C	0.12%	0.12%	0.12%
HHH	B	0.07%	0.08%	0.07%
HI	C	0.11%	0.04%	0.04%
HLF	C	0.11%	0.12%	0.11%
HLX	B	0.07%	0.06%	0.06%
HPP	F	0.11%	0.04%	0.04%
HRI	C	0.28%	0.12%	0.12%
IBP	D	0.09%	0.05%	0.05%
IGT	F	0.13%	0.11%	0.11%
IMKTA	C	0.18%	0.04%	0.04%
JAZZ	B	0.14%	0.19%	0.14%
JBLU	F	0.19%	0.3%	0.19%
JWN	D	0.12%	0.05%	0.05%
KFY	B	0.21%	0.07%	0.07%
LADR	B	0.07%	0.08%	0.07%
LEVI	F	0.03%	0.06%	0.03%
LGIH	F	0.15%	0.04%	0.04%
LYV	A	0.03%	0.07%	0.03%
MD	C	0.08%	0.07%	0.07%
MHO	D	0.25%	0.04%	0.04%
MTDR	B	0.17%	0.08%	0.08%
MTX	B	0.15%	0.06%	0.06%
MWA	B	0.12%	0.07%	0.07%
NGVT	B	0.11%	0.07%	0.07%
NMRK	C	0.14%	0.08%	0.08%
OII	B	0.08%	0.05%	0.05%
OUT	A	0.16%	0.08%	0.08%
PBH	A	0.11%	0.06%	0.06%
PFSI	C	0.16%	0.07%	0.07%
PHIN	A	0.17%	0.07%	0.07%
PPC	C	0.14%	0.08%	0.08%
PR	B	0.07%	0.05%	0.05%
PRAA	D	0.04%	0.04%	0.04%
PTC	B	0.12%	0.07%	0.07%
RCL	A	0.45%	0.04%	0.04%
RHP	B	0.09%	0.06%	0.06%
RLJ	C	0.12%	0.07%	0.07%
RNG	C	0.09%	0.07%	0.07%
RRC	B	0.14%	0.06%	0.06%
RXO	D	0.21%	0.06%	0.06%
SAH	C	0.14%	0.07%	0.07%
SBH	C	0.2%	0.1%	0.1%
SCS	C	0.15%	0.07%	0.07%
SIRI	C	0.1%	0.14%	0.1%
SLGN	A	0.14%	0.09%	0.09%
SNEX	B	0.01%	0.08%	0.01%
SPR	D	0.17%	0.04%	0.04%
SXC	A	0.05%	0.06%	0.05%
SYNA	C	0.08%	0.05%	0.05%
TCBI	C	0.15%	0.06%	0.06%
TEX	F	0.18%	0.09%	0.09%
TNET	F	0.11%	0.07%	0.07%
TNL	A	0.15%	0.04%	0.04%
TRN	B	0.2%	0.1%	0.1%
TRS	B	0.06%	0.06%	0.06%
TTMI	C	0.22%	0.06%	0.06%
TWLO	A	0.19%	0.06%	0.06%
UAL	A	0.42%	0.27%	0.27%
USM	B	0.03%	0.1%	0.03%
VAL	F	0.03%	0.17%	0.03%
VIAV	C	0.11%	0.05%	0.05%
VLY	B	0.2%	0.04%	0.04%
VRT	B	0.24%	0.12%	0.12%
VSAT	F	0.05%	0.09%	0.05%
VSTO	A	0.14%	0.06%	0.06%
W	D	0.04%	0.11%	0.04%
WAL	B	0.28%	0.09%	0.09%
WFRD	D	0.04%	0.25%	0.04%
WGO	C	0.17%	0.05%	0.05%
WH	B	0.23%	0.08%	0.08%
WMS	F	0.13%	0.06%	0.06%
XPO	B	0.3%	0.08%	0.08%
ZD	B	0.16%	0.07%	0.07%

FNDA Overweight 873 Positions Relative to HYBB

Symbol	Grade	Weight
SATS	D	0.38%
FICO	B	0.36%
COIN	C	0.34%
ANF	F	0.34%
UTHR	C	0.32%
SF	B	0.31%
GME	C	0.31%
APP	B	0.3%
VSCO	C	0.29%
BKU	A	0.29%
FLS	B	0.29%
AIT	B	0.28%
MAC	B	0.28%
KMPR	A	0.28%
TXRH	B	0.28%
HCC	B	0.27%
WBS	A	0.26%
OHI	C	0.26%
SWX	B	0.26%
UAA	C	0.25%
WWD	C	0.25%
SLVM	B	0.25%
FIX	A	0.25%
LITE	B	0.25%
PRG	C	0.25%
Z	A	0.25%
GVA	A	0.25%
VMI	B	0.25%
PNFP	B	0.24%
SKYW	C	0.24%
PLXS	B	0.24%
SAIA	B	0.24%
HEI	A	0.24%
RDN	D	0.24%
FRT	B	0.23%
INCY	C	0.23%
CFR	B	0.23%
FDP	B	0.23%
VLTO	C	0.23%
WTFC	A	0.23%
SPB	C	0.23%
AWI	A	0.23%
PB	B	0.23%
SIG	B	0.23%
LOPE	C	0.23%
FNB	A	0.23%
DTM	A	0.23%
BKH	A	0.23%
KRC	B	0.22%
SPOT	B	0.22%
CBT	D	0.22%
CR	A	0.22%
DEI	B	0.22%
VIRT	A	0.22%
MOG.A	B	0.22%
ZM	C	0.22%
GATX	A	0.22%
CADE	B	0.22%
SEM	B	0.22%
HIW	C	0.21%
CRUS	D	0.21%
FDS	B	0.21%
PINC	B	0.21%
HWC	B	0.21%
ELAN	D	0.21%
TPC	C	0.21%
CBSH	B	0.21%
GMS	B	0.21%
IDA	A	0.21%
BHE	C	0.21%
ASB	B	0.21%
PNM	B	0.2%
TTEK	F	0.2%
KEX	B	0.2%
FHB	B	0.2%
EXEL	B	0.2%
SCCO	F	0.2%
OZK	B	0.2%
MC	C	0.2%
CALM	A	0.2%
ELS	C	0.2%
GBX	A	0.2%
UNIT	B	0.2%
ARCB	C	0.19%
CRC	A	0.19%
STC	B	0.19%
SR	A	0.19%
LCII	C	0.19%
BIO	C	0.19%
FCN	F	0.19%
EAT	A	0.19%
DASH	B	0.19%
NVST	B	0.19%
ADTN	A	0.19%
ENVA	B	0.19%
HP	C	0.19%
CUZ	B	0.19%
AGNC	C	0.19%
OGS	A	0.19%
ACA	A	0.19%
UBSI	B	0.19%
SMG	C	0.19%
COLB	B	0.19%
MAT	D	0.19%
KNF	B	0.19%
HLI	A	0.19%
WMK	C	0.18%
WYNN	C	0.18%
NYT	D	0.18%
CUBE	C	0.18%
AMH	C	0.18%
HNI	B	0.18%
PATK	C	0.18%
RPRX	D	0.18%
DBRG	F	0.18%
TPL	A	0.18%
COLM	C	0.18%
SBRA	C	0.18%
GIII	D	0.18%
ACIW	B	0.18%
KMT	B	0.18%
URBN	C	0.18%
BDC	C	0.17%
VNT	C	0.17%
HXL	F	0.17%
SSD	F	0.17%
APLE	B	0.17%
ALE	A	0.17%
NWE	B	0.17%
LAUR	A	0.17%
VVV	D	0.17%
NOW	A	0.17%
PCH	F	0.17%
SUM	B	0.17%
ONB	C	0.17%
PSMT	D	0.17%
UMBF	B	0.17%
CATY	B	0.17%
WTM	A	0.17%
VSTS	C	0.17%
NJR	A	0.17%
GBCI	B	0.17%
UNF	B	0.17%
CSGP	D	0.17%
SN	D	0.17%
EEFT	B	0.17%
LFUS	D	0.17%
SHOO	F	0.17%
PIPR	A	0.17%
PTEN	C	0.16%
RH	C	0.16%
EBS	C	0.16%
PLTR	B	0.16%
SKY	A	0.16%
COLD	D	0.16%
SIGI	C	0.16%
AVA	A	0.16%
WAFD	B	0.16%
VEEV	C	0.16%
OLLI	D	0.16%
APO	B	0.16%
GEF	A	0.16%
GTES	A	0.16%
MASI	B	0.16%
VYX	B	0.16%
LNW	F	0.16%
SFNC	C	0.16%
AGO	B	0.16%
B	A	0.16%
CBRL	C	0.15%
DNOW	B	0.15%
CHDN	B	0.15%
AGR	A	0.15%
GMED	A	0.15%
FWRD	D	0.15%
ROL	B	0.15%
ARES	A	0.15%
NOMD	D	0.15%
CEIX	A	0.15%
MOD	A	0.15%
APAM	B	0.15%
LZB	B	0.15%
SLG	B	0.15%
UVV	B	0.15%
MTCH	D	0.15%
WD	D	0.15%
PDCO	F	0.15%
KTB	B	0.15%
NNN	C	0.15%
ESNT	F	0.15%
SITE	F	0.15%
RYN	D	0.14%
ICUI	D	0.14%
EXLS	B	0.14%
ENSG	C	0.14%
AMWD	C	0.14%
SNDR	B	0.14%
APOG	C	0.14%
BOH	B	0.14%
CDP	C	0.14%
TDC	D	0.14%
WTS	B	0.14%
KAR	B	0.14%
FULT	A	0.14%
OMI	F	0.14%
APG	B	0.14%
TYL	B	0.14%
H	B	0.14%
MKTX	D	0.14%
MLKN	F	0.14%
MCY	A	0.14%
CNK	C	0.14%
CVLT	B	0.14%
SLAB	F	0.14%
AROC	A	0.14%
TPG	A	0.14%
YELP	C	0.14%
NEU	D	0.14%
CROX	D	0.14%
CVCO	A	0.14%
SXT	C	0.14%
HE	C	0.14%
CGNX	D	0.14%
ABNB	C	0.13%
DNB	B	0.13%
SCL	C	0.13%
IOSP	C	0.13%
RNR	C	0.13%
WEX	D	0.13%
HELE	C	0.13%
DORM	B	0.13%
FND	D	0.13%
HRB	D	0.13%
RGLD	C	0.13%
SMTC	B	0.13%
THS	D	0.13%
DLB	B	0.13%
RLI	A	0.13%
UPBD	B	0.13%
EPR	C	0.13%
PLNT	A	0.13%
IDCC	B	0.13%
CABO	B	0.13%
FTI	A	0.13%
COKE	C	0.13%
ABCB	B	0.13%
RYI	C	0.13%
DBX	B	0.13%
AMR	C	0.13%
WEN	D	0.13%
ITRI	C	0.13%
PRIM	A	0.12%
HOPE	C	0.12%
FSLR	F	0.12%
CNM	D	0.12%
ETSY	D	0.12%
DRH	B	0.12%
CHX	C	0.12%
COMP	B	0.12%
IAC	F	0.12%
ANDE	D	0.12%
AXS	A	0.12%
WTRG	B	0.12%
HEES	C	0.12%
VRSN	C	0.12%
JELD	F	0.12%
JBT	B	0.12%
IPGP	D	0.12%
AMED	F	0.12%
TROX	D	0.12%
MSM	C	0.12%
JBGS	F	0.12%
LBRT	D	0.12%
TREX	C	0.12%
LRN	A	0.12%
ITGR	B	0.12%
RIG	D	0.12%
BANR	B	0.12%
FELE	B	0.12%
WWW	A	0.12%
WDAY	B	0.12%
BGC	C	0.12%
FR	D	0.11%
SASR	B	0.11%
TECH	F	0.11%
ENOV	C	0.11%
PSN	D	0.11%
WSBC	B	0.11%
STAG	D	0.11%
CPNG	D	0.11%
STRL	A	0.11%
AX	B	0.11%
FN	C	0.11%
KALU	C	0.11%
XHR	B	0.11%
PPBI	C	0.11%
PLUS	F	0.11%
MPWR	F	0.11%
AEIS	C	0.11%
TRMK	C	0.11%
SKT	A	0.11%
MORN	B	0.11%
BOKF	B	0.11%
DIOD	D	0.11%
PECO	A	0.11%
HTH	C	0.11%
DDS	B	0.11%
MANH	D	0.11%
CBU	B	0.11%
FSS	B	0.11%
BFAM	D	0.11%
FIBK	B	0.11%
MMS	F	0.11%
CHE	D	0.11%
CVBF	A	0.11%
FHI	B	0.11%
FFBC	B	0.11%
IBOC	B	0.11%
MYRG	B	0.11%
IBKR	A	0.11%
WSFS	B	0.1%
BOOT	C	0.1%
ABR	C	0.1%
NHC	C	0.1%
GFF	A	0.1%
WSC	F	0.1%
AEO	F	0.1%
HTLF	B	0.1%
ENR	B	0.1%
ACHC	F	0.1%
MGEE	B	0.1%
FIVE	F	0.1%
CORT	B	0.1%
HAE	C	0.1%
UE	B	0.1%
UCB	A	0.1%
SHO	D	0.1%
COMM	D	0.1%
NTCT	C	0.1%
LANC	C	0.1%
DHC	F	0.1%
BKE	B	0.1%
HOMB	A	0.1%
PFS	B	0.1%
PAYC	B	0.1%
AZZ	A	0.1%
KRG	B	0.1%
SAM	C	0.1%
SSB	B	0.1%
BXC	B	0.1%
CHH	A	0.09%
LBRDK	C	0.09%
ALEX	B	0.09%
CNXN	C	0.09%
CSGS	B	0.09%
PDM	D	0.09%
ESE	B	0.09%
AAON	B	0.09%
FTDR	B	0.09%
CENTA	C	0.09%
PINS	F	0.09%
NHI	D	0.09%
CWEN	C	0.09%
RAMP	B	0.09%
ESRT	C	0.09%
RBC	A	0.09%
AIN	C	0.09%
STRA	C	0.09%
ROCK	C	0.09%
ICFI	F	0.09%
PRDO	B	0.09%
NPO	A	0.09%
IBTX	B	0.09%
FFIN	B	0.09%
MMSI	A	0.09%
MGRC	B	0.09%
PBI	B	0.09%
MGY	A	0.09%
DXCM	C	0.09%
SCSC	C	0.09%
FRME	B	0.09%
OSIS	A	0.09%
EIG	B	0.09%
TW	A	0.09%
OTTR	C	0.09%
INDB	B	0.09%
JACK	C	0.09%
VSH	F	0.09%
VC	F	0.09%
BCPC	B	0.09%
SVC	F	0.09%
ROKU	D	0.09%
ORA	B	0.09%
BRKR	D	0.09%
MSA	F	0.09%
CNS	B	0.08%
OMCL	C	0.08%
ROIC	A	0.08%
YETI	D	0.08%
RRR	F	0.08%
DLX	B	0.08%
UCTT	D	0.08%
REVG	C	0.08%
DOLE	D	0.08%
CARG	B	0.08%
KFRC	D	0.08%
ATI	C	0.08%
ARI	C	0.08%
IRDM	D	0.08%
SAFT	B	0.08%
CSWI	B	0.08%
HL	D	0.08%
WNC	C	0.08%
TTD	B	0.08%
KW	C	0.08%
KLG	B	0.08%
PTON	A	0.08%
EGP	D	0.08%
PMT	C	0.08%
KOS	D	0.08%
BMRN	F	0.08%
WOR	F	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%
CBZ	B	0.08%
PRK	B	0.08%
POWI	F	0.08%
TOWN	B	0.08%
OPCH	D	0.08%
KAI	B	0.08%
AZEK	A	0.08%
ALIT	C	0.08%
PJT	A	0.07%
CPK	A	0.07%
CNA	C	0.07%
KOP	C	0.07%
BMI	B	0.07%
CUBI	B	0.07%
QLYS	B	0.07%
SMCI	F	0.07%
SABR	C	0.07%
ONTO	F	0.07%
EXPO	D	0.07%
NMIH	C	0.07%
FCF	B	0.07%
MRTN	D	0.07%
BRC	D	0.07%
EBC	B	0.07%
HQY	A	0.07%
EYE	C	0.07%
GWRE	A	0.07%
AUB	B	0.07%
OLED	F	0.07%
BLMN	F	0.07%
CRK	B	0.07%
ROG	D	0.07%
IART	C	0.07%
IRT	A	0.07%
OPEN	F	0.07%
SXI	B	0.07%
PTVE	B	0.07%
ADC	A	0.07%
REXR	F	0.07%
NX	C	0.07%
JJSF	C	0.07%
LYFT	C	0.07%
CASH	B	0.07%
ZWS	B	0.07%
NSP	F	0.07%
PLAB	C	0.07%
MRCY	C	0.07%
THRM	F	0.07%
HMN	B	0.07%
PEB	D	0.07%
CDE	C	0.07%
CAKE	C	0.07%
HWKN	B	0.07%
TILE	B	0.07%
NBTB	B	0.07%
ALG	B	0.07%
KN	B	0.07%
CWT	C	0.07%
ROAD	B	0.07%
MTRN	C	0.07%
AXL	C	0.06%
CTS	C	0.06%
SMPL	B	0.06%
FBP	C	0.06%
EPAC	C	0.06%
GPRE	F	0.06%
AGX	B	0.06%
CVI	F	0.06%
ENV	B	0.06%
CWST	A	0.06%
PRGS	A	0.06%
HCSG	C	0.06%
BNL	D	0.06%
GES	F	0.06%
CAL	F	0.06%
TOST	B	0.06%
NTGR	B	0.06%
ECVT	C	0.06%
WHD	B	0.06%
MMI	C	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	F	0.06%
TNC	D	0.06%
GFS	C	0.06%
REYN	D	0.06%
MEDP	D	0.06%
BSY	F	0.06%
BUSE	B	0.06%
WDFC	B	0.06%
FORM	D	0.06%
OEC	C	0.06%
EFSC	B	0.06%
TRIP	F	0.06%
HURN	C	0.06%
KWR	C	0.06%
AWR	B	0.06%
SONO	C	0.06%
NNI	D	0.06%
DFIN	D	0.06%
PGRE	F	0.06%
VBTX	B	0.06%
ELME	D	0.06%
LGF.A	C	0.06%
CWH	B	0.06%
PLAY	D	0.06%
SCHL	F	0.06%
KELYA	F	0.06%
HALO	F	0.06%
BKD	F	0.06%
STBA	B	0.06%
ERIE	D	0.06%
EAF	C	0.06%
NBIX	C	0.06%
NSA	C	0.06%
EXPI	D	0.06%
AAT	B	0.06%
SJW	F	0.05%
UIS	B	0.05%
LIVN	F	0.05%
VRTS	B	0.05%
CNDT	C	0.05%
TRNO	F	0.05%
AY	A	0.05%
NTB	B	0.05%
HAYW	B	0.05%
CODI	B	0.05%
CHCO	B	0.05%
HTLD	C	0.05%
KLIC	B	0.05%
VRRM	F	0.05%
NOVT	D	0.05%
MRC	B	0.05%
VRE	B	0.05%
ICHR	C	0.05%
FOXF	F	0.05%
ALK	B	0.05%
EPRT	B	0.05%
DEA	D	0.05%
PODD	C	0.05%
SNBR	F	0.05%
FBNC	B	0.05%
BRBR	A	0.05%
CCO	C	0.05%
AMRK	F	0.05%
CHEF	A	0.05%
CMCO	C	0.05%
PSTG	D	0.05%
ADUS	D	0.05%
SUPN	C	0.05%
MELI	C	0.05%
BV	C	0.05%
ESGR	B	0.05%
MODG	F	0.05%
CNMD	C	0.05%
SENEA	A	0.04%
ASIX	B	0.04%
OFG	B	0.04%
ALRM	C	0.04%
IPAR	B	0.04%
CARS	C	0.04%
NVEE	F	0.04%
PRA	C	0.04%
CNSL	C	0.04%
SWBI	C	0.04%
INSW	F	0.04%
ENPH	F	0.04%
FBRT	D	0.04%
PUMP	C	0.04%
RDNT	B	0.04%
IHRT	B	0.04%
CPS	C	0.04%
GLOB	B	0.04%
SFL	D	0.04%
GLNG	C	0.04%
RDUS	B	0.04%
ZUMZ	B	0.04%
GCO	C	0.04%
DHT	F	0.04%
INVA	D	0.04%
RES	D	0.04%
EXAS	D	0.04%
SFBS	C	0.04%
RGEN	D	0.04%
AGRO	D	0.04%
IVT	A	0.04%
PEN	B	0.04%
CMPR	D	0.04%
VTLE	C	0.04%
DXPE	C	0.04%
PARR	F	0.04%
ZI	D	0.04%
SNAP	D	0.04%
HLIO	B	0.04%
WING	D	0.04%
LNN	B	0.04%
VCTR	B	0.04%
HAIN	D	0.04%
NBR	C	0.04%
NOG	B	0.04%
LSCC	D	0.04%
HZO	F	0.04%
JBSS	F	0.04%
BZH	C	0.04%
MATX	C	0.04%
NEOG	F	0.04%
LKFN	C	0.04%
CRGY	B	0.04%
LTC	B	0.04%
AZTA	D	0.04%
RNST	B	0.04%
CNXC	F	0.04%
GRBK	D	0.04%
FCPT	C	0.04%
COHU	C	0.04%
CMRE	C	0.03%
ASTH	F	0.03%
KNSL	B	0.03%
DAC	C	0.03%
USNA	C	0.03%
XP	F	0.03%
BBSI	B	0.03%
WRLD	C	0.03%
CRAI	C	0.03%
MYGN	F	0.03%
RWT	D	0.03%
PAGS	F	0.03%
CNNE	B	0.03%
ZIMV	D	0.03%
THRY	D	0.03%
GDEN	B	0.03%
VIR	D	0.03%
EVTC	B	0.03%
CVGW	D	0.03%
HMST	F	0.03%
HSII	B	0.03%
SBCF	B	0.03%
TKO	A	0.03%
AGM	B	0.03%
PRLB	B	0.03%
RGR	F	0.03%
ILPT	F	0.03%
UVE	B	0.03%
PEGA	B	0.03%
CPF	B	0.03%
SBLK	F	0.03%
MXL	C	0.03%
RMBS	B	0.03%
DT	D	0.03%
PRVA	C	0.03%
MP	C	0.03%
CTRE	C	0.03%
GLDD	B	0.03%
SSTK	F	0.03%
RKT	F	0.03%
RC	D	0.03%
STNG	F	0.03%
AMC	C	0.03%
CFFN	C	0.03%
CBL	B	0.03%
WTTR	A	0.03%
VRNT	C	0.03%
MATV	D	0.03%
CMTG	F	0.03%
TSE	F	0.03%
SCVL	F	0.03%
SMP	C	0.03%
SGRY	F	0.03%
NUS	D	0.03%
SPSC	D	0.03%
STEP	C	0.03%
MNRO	D	0.03%
TRTX	C	0.03%
ACLS	F	0.03%
SNOW	B	0.03%
NVRI	D	0.03%
EGBN	B	0.03%
ASTE	C	0.03%
VSEC	C	0.03%
PZZA	F	0.03%
BGS	F	0.03%
LPG	F	0.03%
PLCE	C	0.02%
GTY	A	0.02%
ARKO	C	0.02%
CTRN	F	0.02%
CLDT	B	0.02%
NPK	B	0.02%
HASI	D	0.02%
BRY	F	0.02%
FIZZ	C	0.02%
CLOV	D	0.02%
AMBC	C	0.02%
CLVT	D	0.02%
ALTO	F	0.02%
IRWD	F	0.02%
BRSP	C	0.02%
RYAM	C	0.02%
KRNY	C	0.02%
CMP	C	0.02%
CCSI	C	0.02%
DAY	B	0.02%
ARCO	F	0.02%
DHIL	B	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%
CSV	B	0.02%
WOW	C	0.02%
KREF	C	0.02%
SRCE	B	0.02%
EDR	A	0.02%
ALKS	C	0.02%
CLB	B	0.02%
WABC	B	0.02%
HVT	D	0.02%
AVO	C	0.02%
HFWA	C	0.02%
MTW	C	0.02%
EBF	F	0.02%
MERC	F	0.02%
XPRO	D	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	C	0.02%
UFCS	A	0.02%
UTL	B	0.02%
HAFC	B	0.02%
MATW	C	0.02%
BJRI	C	0.02%
STNE	F	0.02%
WMG	D	0.02%
PFC	B	0.02%
EVRI	A	0.02%
DCO	C	0.02%
AHCO	F	0.02%
TBI	F	0.02%
BRKL	B	0.02%
CLW	F	0.02%
WOOF	D	0.02%
MTUS	C	0.02%
GDOT	D	0.02%
OKTA	C	0.02%
SBSI	C	0.02%
OCFC	B	0.02%
SFIX	B	0.02%
ETD	C	0.02%
VTOL	B	0.01%
IIIN	C	0.01%
RILY	F	0.01%
NBHC	C	0.01%
LESL	D	0.01%
FBK	C	0.01%
LGND	C	0.01%
GPRO	F	0.01%
MBUU	B	0.01%
BHLB	B	0.01%
PKST	F	0.01%
KE	C	0.01%
HLNE	B	0.01%
AVD	C	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	D	0.01%
BMBL	C	0.01%
PETS	C	0.01%
MED	D	0.01%
CCRN	F	0.01%
FLGT	F	0.01%
MOV	D	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	B	0.01%
AGL	F	0.01%
DIN	C	0.01%
VREX	B	0.01%
WOLF	F	0.01%
TITN	C	0.01%
RGP	F	0.01%
USPH	B	0.01%
OIS	B	0.01%
FLWS	D	0.01%
PLOW	D	0.01%
MEI	F	0.01%
CHGG	C	0.0%
EVH	F	0.0%
PCRX	C	0.0%
MGPI	F	0.0%
ALGM	D	0.0%
GIC	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%
AMPH	F	0.0%
SPWH	F	0.0%
DNUT	F	0.0%
HAYN	A	0.0%
ONEW	F	0.0%
THR	B	0.0%
INMD	C	0.0%
TTEC	F	0.0%
MSBI	B	0.0%
AMRC	F	0.0%
CMTL	F	0.0%
IIPR	D	0.0%
HOV	D	0.0%
REX	D	0.0%
SEDG	F	0.0%
PEBO	B	0.0%
LXU	B	0.0%
TBBK	B	0.0%
AOSL	C	0.0%
NR	B	0.0%
CRVL	B	0.0%
NIC	B	0.0%
PFBC	B	0.0%

FNDA Underweight 134 Positions Relative to HYBB

Symbol	Grade	Weight
WDC	D	-0.33%
INGM	F	-0.29%
CCL	A	-0.29%
CZR	F	-0.22%
SBAC	D	-0.2%
TLN	A	-0.19%
TDG	D	-0.16%
VST	A	-0.15%
POST	C	-0.15%
COHR	B	-0.14%
PFGC	B	-0.14%
DVA	C	-0.14%
BFH	C	-0.14%
ACM	B	-0.14%
PCG	A	-0.14%
NXST	C	-0.13%
RBLX	C	-0.13%
SQ	A	-0.13%
KNTK	A	-0.12%
WCC	B	-0.12%
HTZ	C	-0.12%
SYF	B	-0.11%
AVTR	F	-0.11%
DTE	C	-0.11%
TPX	B	-0.1%
GAP	C	-0.1%
BALL	F	-0.1%
ADT	C	-0.1%
CRWD	B	-0.1%
ON	D	-0.1%
ASGN	F	-0.09%
MOH	F	-0.09%
GEN	B	-0.09%
PK	C	-0.09%
FTRE	D	-0.09%
IEP	F	-0.09%
GDDY	A	-0.09%
MTN	C	-0.09%
ADNT	F	-0.08%
THO	B	-0.08%
IQV	F	-0.08%
CRI	F	-0.08%
ACI	C	-0.08%
BLDR	D	-0.08%
NEP	F	-0.08%
SLM	A	-0.08%
OGN	F	-0.08%
ESTC	C	-0.08%
FLR	B	-0.08%
LW	C	-0.08%
AXTA	B	-0.08%
SRCL	B	-0.08%
PARA	C	-0.08%
DO	D	-0.08%
SCI	B	-0.08%
THC	D	-0.08%
ZBRA	B	-0.08%
LAD	A	-0.07%
FCFS	F	-0.07%
FTAI	A	-0.07%
HLT	A	-0.07%
PAG	B	-0.07%
NAVI	F	-0.07%
NCLH	B	-0.07%
URI	C	-0.07%
OLN	F	-0.07%
DAR	C	-0.07%
NWSA	A	-0.07%
ALLY	C	-0.07%
GPI	B	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
TFX	F	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
EIX	B	-0.07%
IRM	C	-0.07%
UA	C	-0.07%
MGM	D	-0.06%
AIZ	A	-0.06%
ST	F	-0.06%
CIEN	C	-0.06%
HOLX	D	-0.06%
TMHC	C	-0.06%
SM	B	-0.06%
SEE	C	-0.06%
CHTR	C	-0.06%
BCC	B	-0.06%
HESM	B	-0.06%
AA	A	-0.06%
NWL	C	-0.06%
VNOM	A	-0.06%
NRG	B	-0.06%
CCK	D	-0.06%
ET	A	-0.06%
MUR	D	-0.05%
VNO	C	-0.05%
DFH	D	-0.05%
DAN	D	-0.05%
CLF	F	-0.05%
STWD	C	-0.05%
OI	C	-0.05%
ALSN	B	-0.05%
TPH	D	-0.05%
FL	F	-0.05%
ABG	C	-0.05%
LAMR	C	-0.05%
SUN	B	-0.05%
EHC	B	-0.05%
LPX	B	-0.05%
AES	F	-0.05%
AR	B	-0.05%
FOUR	A	-0.05%
CMC	B	-0.04%
REZI	A	-0.04%
KBR	F	-0.04%
PRGO	C	-0.04%
BECN	B	-0.04%
FOR	F	-0.04%
MUSA	B	-0.04%
GNW	A	-0.04%
X	B	-0.04%
GPK	C	-0.04%
YUM	D	-0.04%
VFC	C	-0.04%
KSS	F	-0.04%
BBWI	C	-0.04%
STX	C	-0.04%
KBH	D	-0.04%
WBA	F	-0.03%
BERY	C	-0.03%
AAP	D	-0.03%
OMF	A	-0.03%
M	F	-0.02%