FNDA vs. ISMD ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Inspire Small/Mid Cap Impact ETF (ISMD)

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

$29.28

Average Daily Volume

428,661

Number of Holdings ^*

997

* may have additional holdings in another (foreign) market

ISMD

Inspire Small/Mid Cap Impact ETF

ISMD Description

Inspire Small/Mid Cap Impact ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($1B-$3.5B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap Impact ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

Grade (RS Rating)

Last Trade

$36.94

Average Daily Volume

24,120

Number of Holdings ^*

486

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	ISMD
30 Days	-0.58%	-1.12%
60 Days	-0.22%	-1.78%
90 Days	4.21%	2.46%
12 Months	29.43%	30.19%

329 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in ISMD	Overlap
AAON	A	0.07%	0.2%	0.07%
AAT	B	0.07%	0.21%	0.07%
ABCB	B	0.13%	0.21%	0.13%
ACCO	F	0.04%	0.18%	0.04%
ACHC	F	0.15%	0.16%	0.15%
ACIW	D	0.18%	0.2%	0.18%
ADUS	D	0.06%	0.2%	0.06%
AEIS	A	0.11%	0.21%	0.11%
AGL	F	0.02%	0.14%	0.02%
AGM	F	0.03%	0.2%	0.03%
AGX	A	0.05%	0.25%	0.05%
AIN	F	0.09%	0.16%	0.09%
AIR	F	0.12%	0.19%	0.12%
AIT	A	0.25%	0.21%	0.21%
AKR	A	0.08%	0.21%	0.08%
ALE	A	0.17%	0.2%	0.17%
ALEX	C	0.08%	0.19%	0.08%
ALGT	A	0.07%	0.24%	0.07%
ALRM	F	0.03%	0.2%	0.03%
AMED	D	0.13%	0.21%	0.13%
AMKR	F	0.21%	0.2%	0.2%
AMRC	D	0.0%	0.17%	0.0%
AMSF	A	0.01%	0.24%	0.01%
ANDE	F	0.13%	0.19%	0.13%
ARI	F	0.08%	0.2%	0.08%
ASIX	D	0.04%	0.2%	0.04%
ATI	F	0.09%	0.19%	0.09%
ATSG	A	0.05%	0.2%	0.05%
AWI	A	0.21%	0.22%	0.21%
AWR	C	0.06%	0.2%	0.06%
AXL	F	0.06%	0.2%	0.06%
BANF	B	0.02%	0.21%	0.02%
BCO	D	0.18%	0.18%	0.18%
BCPC	D	0.09%	0.19%	0.09%
BDC	B	0.17%	0.2%	0.17%
BDN	C	0.09%	0.21%	0.09%
BHE	B	0.2%	0.2%	0.2%
BKH	C	0.24%	0.2%	0.2%
BKU	D	0.27%	0.2%	0.2%
BLKB	D	0.06%	0.21%	0.06%
BMI	D	0.06%	0.19%	0.06%
BRC	D	0.07%	0.2%	0.07%
BUSE	D	0.06%	0.19%	0.06%
CABO	D	0.12%	0.2%	0.12%
CAKE	A	0.07%	0.21%	0.07%
CALM	B	0.22%	0.25%	0.22%
CALX	C	0.03%	0.2%	0.03%
CARS	D	0.03%	0.19%	0.03%
CBT	C	0.23%	0.2%	0.2%
CBU	A	0.1%	0.21%	0.1%
CBZ	C	0.07%	0.2%	0.07%
CCO	F	0.05%	0.21%	0.05%
CDE	C	0.08%	0.21%	0.08%
CENT	D	0.01%	0.19%	0.01%
CGNX	B	0.15%	0.19%	0.15%
CHCO	B	0.04%	0.2%	0.04%
CLW	F	0.03%	0.2%	0.03%
CMCO	F	0.05%	0.18%	0.05%
CMP	C	0.02%	0.23%	0.02%
CNK	A	0.13%	0.21%	0.13%
CNS	B	0.08%	0.21%	0.08%
CODI	C	0.05%	0.19%	0.05%
COHU	D	0.05%	0.2%	0.05%
COMM	A	0.13%	0.21%	0.13%
CPK	C	0.06%	0.2%	0.06%
CRUS	F	0.25%	0.2%	0.2%
CRVL	D	0.0%	0.19%	0.0%
CSGS	C	0.08%	0.2%	0.08%
CTRE	A	0.03%	0.2%	0.03%
CUBI	D	0.06%	0.2%	0.06%
CVGW	C	0.03%	0.2%	0.03%
CVLT	B	0.12%	0.18%	0.12%
DCO	D	0.02%	0.19%	0.02%
DDS	C	0.1%	0.2%	0.1%
DEI	B	0.23%	0.22%	0.22%
DFIN	F	0.07%	0.2%	0.07%
DHC	C	0.16%	0.17%	0.16%
DHIL	D	0.02%	0.2%	0.02%
DIOD	F	0.13%	0.21%	0.13%
DNOW	F	0.13%	0.19%	0.13%
DRH	D	0.12%	0.21%	0.12%
ECPG	F	0.12%	0.2%	0.12%
EGBN	A	0.03%	0.24%	0.03%
EIG	A	0.09%	0.21%	0.09%
ELME	D	0.07%	0.2%	0.07%
EMBC	D	0.05%	0.2%	0.05%
ENR	B	0.1%	0.21%	0.1%
ENS	F	0.21%	0.2%	0.2%
ENVA	B	0.17%	0.22%	0.17%
EPC	F	0.11%	0.2%	0.11%
ESE	B	0.08%	0.2%	0.08%
ESNT	D	0.18%	0.2%	0.18%
ESRT	C	0.1%	0.2%	0.1%
ETD	F	0.03%	0.19%	0.03%
EXEL	A	0.17%	0.22%	0.17%
EXLS	A	0.12%	0.21%	0.12%
EXPO	D	0.08%	0.19%	0.08%
EYE	D	0.06%	0.18%	0.06%
FBK	A	0.01%	0.21%	0.01%
FCF	C	0.07%	0.2%	0.07%
FCPT	D	0.05%	0.2%	0.05%
FELE	D	0.13%	0.2%	0.13%
FFBC	A	0.11%	0.21%	0.11%
FFIN	C	0.09%	0.2%	0.09%
FIBK	B	0.11%	0.21%	0.11%
FNB	A	0.21%	0.21%	0.21%
FORM	F	0.07%	0.19%	0.07%
FOXF	F	0.06%	0.18%	0.06%
FR	D	0.11%	0.2%	0.11%
FRME	C	0.09%	0.2%	0.09%
FUL	F	0.18%	0.19%	0.18%
FULT	B	0.12%	0.2%	0.12%
FWRD	C	0.17%	0.21%	0.17%
GBCI	A	0.15%	0.21%	0.15%
GFF	F	0.09%	0.19%	0.09%
GHC	A	0.21%	0.19%	0.19%
GMS	C	0.21%	0.2%	0.2%
GNK	F	0.02%	0.16%	0.02%
GPRE	F	0.06%	0.17%	0.06%
GRBK	D	0.05%	0.19%	0.05%
GTLS	D	0.04%	0.2%	0.04%
HAE	F	0.08%	0.19%	0.08%
HAIN	A	0.05%	0.2%	0.05%
HE	D	0.15%	0.21%	0.15%
HELE	C	0.13%	0.21%	0.13%
HI	F	0.09%	0.2%	0.09%
HIW	B	0.24%	0.22%	0.22%
HL	C	0.1%	0.21%	0.1%
HLF	D	0.1%	0.2%	0.1%
HLIO	B	0.04%	0.2%	0.04%
HMN	A	0.07%	0.22%	0.07%
HNI	D	0.18%	0.2%	0.18%
HOMB	A	0.09%	0.2%	0.09%
HOPE	C	0.12%	0.21%	0.12%
HPP	F	0.13%	0.2%	0.13%
HQY	B	0.06%	0.22%	0.06%
HSII	A	0.02%	0.2%	0.02%
HTH	F	0.11%	0.19%	0.11%
HTLD	F	0.05%	0.19%	0.05%
HVT	F	0.02%	0.18%	0.02%
HWKN	D	0.08%	0.19%	0.08%
HXL	F	0.18%	0.21%	0.18%
HY	C	0.0%	0.21%	0.0%
IART	C	0.06%	0.21%	0.06%
IBOC	B	0.11%	0.21%	0.11%
IBP	F	0.12%	0.19%	0.12%
IBTX	A	0.09%	0.21%	0.09%
ICFI	B	0.1%	0.2%	0.1%
ICUI	C	0.14%	0.2%	0.14%
IDA	A	0.19%	0.21%	0.19%
IDCC	A	0.12%	0.21%	0.12%
IOSP	F	0.12%	0.2%	0.12%
IPAR	F	0.03%	0.19%	0.03%
IPGP	B	0.12%	0.21%	0.12%
IRDM	B	0.09%	0.19%	0.09%
IRT	D	0.07%	0.2%	0.07%
IRWD	F	0.02%	0.2%	0.02%
ITRI	A	0.12%	0.19%	0.12%
JACK	C	0.09%	0.21%	0.09%
JBGS	C	0.15%	0.21%	0.15%
JBSS	F	0.05%	0.2%	0.05%
JBT	A	0.1%	0.24%	0.1%
JELD	F	0.18%	0.18%	0.18%
JJSF	D	0.07%	0.2%	0.07%
KAI	A	0.07%	0.19%	0.07%
KAR	F	0.12%	0.19%	0.12%
KE	D	0.01%	0.2%	0.01%
KFRC	D	0.07%	0.18%	0.07%
KMPR	B	0.26%	0.21%	0.21%
KMT	D	0.17%	0.2%	0.17%
KN	D	0.07%	0.19%	0.07%
KRC	B	0.24%	0.22%	0.22%
KRG	C	0.1%	0.2%	0.1%
KWR	F	0.06%	0.19%	0.06%
LANC	D	0.1%	0.2%	0.1%
LAUR	B	0.15%	0.19%	0.15%
LGIH	F	0.17%	0.18%	0.17%
LITE	B	0.21%	0.21%	0.21%
LKFN	B	0.04%	0.2%	0.04%
LNN	C	0.04%	0.2%	0.04%
LOPE	D	0.19%	0.19%	0.19%
LPG	F	0.04%	0.18%	0.04%
LSCC	C	0.04%	0.21%	0.04%
LXP	D	0.09%	0.2%	0.09%
LZB	D	0.15%	0.19%	0.15%
MAC	A	0.28%	0.21%	0.21%
MATW	D	0.02%	0.2%	0.02%
MATX	A	0.04%	0.19%	0.04%
MCY	B	0.13%	0.22%	0.13%
MGEE	B	0.09%	0.2%	0.09%
MGRC	A	0.08%	0.2%	0.08%
MHO	D	0.29%	0.19%	0.19%
MMI	D	0.05%	0.2%	0.05%
MMS	D	0.13%	0.19%	0.13%
MNRO	B	0.03%	0.2%	0.03%
MOD	C	0.17%	0.19%	0.17%
MTRN	F	0.07%	0.19%	0.07%
MTUS	F	0.03%	0.2%	0.03%
MTX	C	0.15%	0.21%	0.15%
MXL	D	0.03%	0.21%	0.03%
MYE	F	0.01%	0.18%	0.01%
MYGN	F	0.04%	0.16%	0.04%
MYRG	B	0.1%	0.23%	0.1%
NBR	B	0.04%	0.23%	0.04%
NBTB	D	0.07%	0.21%	0.07%
NEOG	D	0.04%	0.16%	0.04%
NEU	F	0.14%	0.2%	0.14%
NGVT	C	0.09%	0.17%	0.09%
NHC	D	0.1%	0.19%	0.1%
NHI	C	0.09%	0.18%	0.09%
NJR	C	0.17%	0.2%	0.17%
NMIH	D	0.08%	0.2%	0.08%
NNI	B	0.07%	0.2%	0.07%
NPO	F	0.09%	0.19%	0.09%
NSP	F	0.09%	0.2%	0.09%
NTCT	B	0.1%	0.19%	0.1%
NUS	F	0.03%	0.17%	0.03%
NVEE	D	0.04%	0.19%	0.04%
NWBI	D	0.08%	0.2%	0.08%
NX	C	0.07%	0.22%	0.07%
OEC	F	0.06%	0.18%	0.06%
OGS	C	0.2%	0.2%	0.2%
OII	D	0.07%	0.2%	0.07%
OLLI	C	0.17%	0.19%	0.17%
OMCL	B	0.07%	0.18%	0.07%
OMI	F	0.16%	0.18%	0.16%
ORA	B	0.09%	0.21%	0.09%
OSIS	F	0.09%	0.19%	0.09%
OXM	F	0.06%	0.18%	0.06%
PARR	F	0.04%	0.2%	0.04%
PATK	D	0.2%	0.19%	0.19%
PB	A	0.21%	0.21%	0.21%
PBH	A	0.1%	0.21%	0.1%
PCRX	C	0.0%	0.23%	0.0%
PDM	C	0.1%	0.22%	0.1%
PEBO	B	0.0%	0.21%	0.0%
PEGA	A	0.02%	0.22%	0.02%
PINC	A	0.18%	0.2%	0.18%
PLAB	F	0.07%	0.19%	0.07%
PLUS	C	0.14%	0.2%	0.14%
PLXS	A	0.22%	0.22%	0.22%
PMT	D	0.09%	0.2%	0.09%
PNM	B	0.19%	0.21%	0.19%
POWI	D	0.09%	0.2%	0.09%
PRA	B	0.04%	0.2%	0.04%
PRGS	B	0.06%	0.2%	0.06%
PRIM	A	0.09%	0.22%	0.09%
PUMP	F	0.04%	0.2%	0.04%
PZZA	B	0.04%	0.19%	0.04%
QLYS	F	0.06%	0.19%	0.06%
RDNT	C	0.03%	0.19%	0.03%
RES	F	0.04%	0.19%	0.04%
RHP	B	0.09%	0.2%	0.09%
RLI	B	0.12%	0.21%	0.12%
RLJ	F	0.12%	0.2%	0.12%
RNST	A	0.04%	0.21%	0.04%
ROCK	D	0.09%	0.19%	0.09%
ROG	F	0.07%	0.18%	0.07%
ROIC	C	0.07%	0.21%	0.07%
RWT	C	0.03%	0.2%	0.03%
RYAM	C	0.02%	0.18%	0.02%
RYN	C	0.15%	0.2%	0.15%
SAFT	D	0.08%	0.2%	0.08%
SAH	D	0.13%	0.2%	0.13%
SASR	A	0.09%	0.21%	0.09%
SATS	B	0.45%	0.21%	0.21%
SBRA	A	0.19%	0.21%	0.19%
SBSI	D	0.02%	0.2%	0.02%
SCHL	F	0.07%	0.16%	0.07%
SCL	F	0.13%	0.19%	0.13%
SCSC	F	0.09%	0.19%	0.09%
SEM	D	0.21%	0.19%	0.19%
SFBS	B	0.04%	0.22%	0.04%
SFNC	B	0.16%	0.22%	0.16%
SGRY	F	0.04%	0.2%	0.04%
SHEN	F	0.02%	0.22%	0.02%
SKT	B	0.11%	0.21%	0.11%
SLAB	F	0.16%	0.2%	0.16%
SLGN	A	0.14%	0.2%	0.14%
SMP	B	0.03%	0.18%	0.03%
SMTC	B	0.12%	0.2%	0.12%
SNBR	D	0.06%	0.15%	0.06%
SPR	D	0.19%	0.2%	0.19%
SPSC	F	0.04%	0.2%	0.04%
SR	D	0.18%	0.2%	0.18%
SRCE	C	0.02%	0.2%	0.02%
SSD	F	0.18%	0.19%	0.18%
STBA	D	0.06%	0.19%	0.06%
SUM	A	0.15%	0.23%	0.15%
SWX	B	0.26%	0.21%	0.21%
SXI	A	0.06%	0.2%	0.06%
SXT	C	0.15%	0.2%	0.15%
TCBI	B	0.14%	0.22%	0.14%
TDOC	C	0.06%	0.19%	0.06%
THRM	D	0.07%	0.18%	0.07%
TILE	D	0.06%	0.2%	0.06%
TNC	F	0.07%	0.19%	0.07%
TOWN	D	0.09%	0.2%	0.09%
TREX	B	0.11%	0.2%	0.11%
TRN	B	0.19%	0.21%	0.19%
TRS	B	0.07%	0.22%	0.07%
TTMI	A	0.2%	0.22%	0.2%
UBSI	A	0.18%	0.2%	0.18%
UCB	D	0.09%	0.2%	0.09%
UMBF	A	0.16%	0.21%	0.16%
UNF	D	0.17%	0.19%	0.17%
UNIT	C	0.22%	0.2%	0.2%
UPBD	D	0.13%	0.17%	0.13%
UTL	D	0.02%	0.2%	0.02%
VC	F	0.09%	0.2%	0.09%
VLY	A	0.19%	0.22%	0.19%
VMI	B	0.24%	0.23%	0.23%
VRE	D	0.05%	0.2%	0.05%
VSAT	F	0.07%	0.17%	0.07%
VSH	F	0.11%	0.19%	0.11%
VVV	D	0.17%	0.2%	0.17%
VYX	F	0.15%	0.19%	0.15%
WABC	B	0.02%	0.21%	0.02%
WBS	B	0.24%	0.23%	0.23%
WDFC	B	0.06%	0.21%	0.06%
WEX	F	0.15%	0.18%	0.15%
WNC	F	0.08%	0.18%	0.08%
WOLF	D	0.03%	0.32%	0.03%
WRLD	D	0.03%	0.2%	0.03%
WSBC	A	0.1%	0.21%	0.1%
WTFC	A	0.21%	0.21%	0.21%
WTS	F	0.14%	0.2%	0.14%
WTTR	D	0.03%	0.2%	0.03%
XHR	C	0.11%	0.2%	0.11%

FNDA Overweight 668 Positions Relative to ISMD

Symbol	Grade	Weight
RCL	A	0.4%
ANF	D	0.39%
UAL	A	0.34%
FICO	B	0.32%
UTHR	A	0.31%
WAL	D	0.29%
FLS	B	0.28%
SF	A	0.28%
TXRH	A	0.27%
OHI	A	0.27%
CLH	C	0.27%
SLVM	B	0.26%
RDN	C	0.26%
BWXT	B	0.26%
PRG	D	0.26%
DY	C	0.26%
HCC	A	0.26%
GEO	B	0.25%
GME	C	0.25%
COIN	D	0.25%
VLTO	D	0.25%
HEI	D	0.24%
SMG	B	0.24%
TTEK	B	0.24%
FIX	B	0.24%
WWD	D	0.24%
SIG	C	0.24%
UAA	B	0.24%
SCCO	B	0.23%
HRI	A	0.23%
AVNT	C	0.23%
SPB	D	0.23%
RXO	B	0.23%
FRT	D	0.23%
VRT	B	0.23%
DBRG	B	0.23%
CRS	C	0.23%
XPO	A	0.23%
AGNC	D	0.22%
GVA	A	0.22%
CCS	F	0.22%
COOP	D	0.22%
VSCO	A	0.22%
FCN	F	0.22%
DTM	A	0.21%
LCII	F	0.21%
FDP	A	0.21%
SKYW	A	0.21%
VIRT	C	0.21%
PNFP	A	0.21%
CR	A	0.21%
CWK	A	0.21%
TPC	B	0.21%
Z	D	0.21%
INCY	A	0.2%
SHOO	D	0.2%
COLD	F	0.2%
KNF	A	0.2%
BYD	A	0.2%
JBLU	D	0.2%
GIII	B	0.2%
TEX	D	0.2%
ASH	F	0.2%
CROX	F	0.2%
ESI	A	0.2%
CUZ	B	0.2%
HP	C	0.2%
FDS	B	0.2%
OZK	B	0.2%
RPRX	F	0.2%
KFY	C	0.2%
CADE	B	0.2%
GATX	A	0.2%
ELS	C	0.2%
WH	A	0.2%
SAIA	A	0.2%
MOG.A	D	0.2%
CFR	A	0.2%
LFUS	D	0.19%
SRCL	A	0.19%
STC	D	0.19%
VSTS	F	0.19%
HLI	A	0.19%
WYNN	B	0.19%
BIO	A	0.19%
CUBE	D	0.19%
SBH	B	0.19%
CXW	C	0.19%
ASB	A	0.19%
HWC	A	0.19%
MTCH	C	0.19%
KEX	C	0.19%
ZM	A	0.19%
ELAN	D	0.19%
MC	C	0.19%
MAT	A	0.19%
NVST	A	0.18%
NWE	D	0.18%
MPWR	F	0.18%
COLB	A	0.18%
ARCB	D	0.18%
PCH	F	0.18%
SMCI	F	0.18%
ADTN	B	0.18%
URBN	F	0.18%
PSMT	D	0.18%
FHB	A	0.18%
ACA	B	0.18%
CBSH	A	0.18%
COLM	C	0.18%
CSGP	F	0.18%
NNN	D	0.18%
AMH	F	0.18%
PFSI	D	0.18%
NYT	A	0.18%
SN	C	0.18%
IMKTA	D	0.17%
GBX	A	0.17%
APLE	B	0.17%
B	A	0.17%
ATGE	A	0.17%
THS	F	0.17%
DASH	A	0.17%
OUT	B	0.17%
LNW	F	0.17%
WTM	B	0.17%
WD	C	0.17%
CRC	B	0.17%
PDCO	F	0.17%
SPOT	A	0.17%
RH	B	0.17%
ENTG	F	0.17%
EEFT	F	0.17%
WGO	F	0.17%
CATY	A	0.16%
MKTX	A	0.16%
CACC	F	0.16%
EBS	B	0.16%
ESAB	A	0.16%
AGO	B	0.16%
GEF	B	0.16%
SIGI	D	0.16%
WMK	F	0.16%
WAFD	D	0.16%
SITE	F	0.16%
CNX	B	0.16%
SKY	D	0.16%
AVA	D	0.16%
PIPR	B	0.16%
TROX	F	0.16%
NOMD	D	0.16%
WEN	B	0.15%
COKE	D	0.15%
GTES	A	0.15%
BXMT	C	0.15%
EAT	A	0.15%
MASI	A	0.15%
EPR	D	0.15%
APAM	B	0.15%
CHDN	A	0.15%
ROL	D	0.15%
UVV	C	0.15%
AGR	C	0.15%
MLKN	F	0.15%
NOW	B	0.15%
CDP	B	0.15%
APP	A	0.15%
PTEN	F	0.15%
PHIN	B	0.15%
ARES	A	0.15%
CBRL	C	0.15%
TDC	B	0.15%
MTDR	D	0.15%
WMS	F	0.15%
VEEV	C	0.15%
VNT	B	0.15%
SLG	B	0.15%
SCS	F	0.15%
ONB	A	0.15%
NMRK	A	0.14%
ZD	F	0.14%
TYL	A	0.14%
HRB	D	0.14%
IGT	F	0.14%
H	D	0.14%
TWLO	A	0.14%
FND	F	0.14%
GMED	B	0.14%
RGLD	B	0.14%
YELP	F	0.14%
VSTO	A	0.14%
BFAM	C	0.14%
CVCO	D	0.14%
AMWD	D	0.14%
RNR	C	0.14%
ENSG	A	0.14%
TPG	A	0.14%
KTB	A	0.14%
TPL	A	0.14%
APO	B	0.14%
FTI	B	0.13%
WTRG	C	0.13%
CHE	F	0.13%
ATKR	F	0.13%
ABNB	C	0.13%
CNM	D	0.13%
SNDR	A	0.13%
JAZZ	D	0.13%
DBX	B	0.13%
SVC	F	0.13%
LILAK	B	0.13%
BLD	F	0.13%
AMN	F	0.13%
LBRT	F	0.13%
AROC	D	0.13%
PPC	A	0.13%
APG	C	0.13%
JWN	B	0.13%
APOG	B	0.13%
DLB	C	0.13%
CEIX	A	0.13%
IAC	F	0.13%
TNL	A	0.13%
STAG	D	0.12%
FN	B	0.12%
MWA	B	0.12%
BGC	C	0.12%
BANR	B	0.12%
AXS	C	0.12%
TNET	F	0.12%
PSN	A	0.12%
ETSY	D	0.12%
PTC	A	0.12%
AEO	F	0.12%
FSS	F	0.12%
CHRD	F	0.12%
OPCH	F	0.12%
DNB	B	0.12%
CHX	F	0.12%
RIG	D	0.12%
ITGR	D	0.12%
MSM	F	0.12%
RYI	C	0.12%
AMR	F	0.12%
RRC	D	0.12%
FSLR	F	0.12%
VRSN	F	0.12%
BOOT	D	0.12%
BOH	A	0.12%
MANH	C	0.12%
SHO	D	0.11%
HEES	B	0.11%
FHI	A	0.11%
BRKR	F	0.11%
PECO	B	0.11%
HGV	D	0.11%
CPNG	A	0.11%
PPBI	B	0.11%
FIVE	C	0.11%
PLNT	D	0.11%
CIVI	F	0.11%
MORN	B	0.11%
BOKF	B	0.11%
DORM	B	0.11%
PLTR	B	0.11%
WDAY	F	0.11%
CRL	F	0.11%
BXC	A	0.1%
MSA	F	0.1%
SAM	C	0.1%
TW	B	0.1%
UE	A	0.1%
PFS	B	0.1%
ENOV	D	0.1%
WWW	C	0.1%
AM	C	0.1%
IBKR	A	0.1%
SIRI	C	0.1%
ROKU	D	0.1%
STRL	B	0.1%
ABR	B	0.1%
AZZ	D	0.1%
KALU	B	0.1%
PINS	C	0.1%
CVBF	A	0.1%
VIAV	B	0.1%
TRMK	A	0.1%
SSB	B	0.1%
COMP	B	0.1%
TECH	B	0.1%
WSC	F	0.1%
WOR	F	0.09%
INDB	A	0.09%
CENTA	F	0.09%
OLED	D	0.09%
ONTO	C	0.09%
MMSI	B	0.09%
DOLE	C	0.09%
CORT	A	0.09%
DXCM	C	0.09%
EGP	D	0.09%
BLMN	D	0.09%
KELYA	D	0.09%
BMRN	F	0.09%
CCOI	B	0.09%
WSFS	D	0.09%
PBI	A	0.09%
CWEN	B	0.09%
MGY	C	0.09%
CNXN	F	0.09%
HTLF	A	0.09%
AX	A	0.09%
BKE	B	0.09%
OTTR	D	0.09%
AMRK	D	0.08%
CVI	F	0.08%
PEB	F	0.08%
CSWI	C	0.08%
PAYC	A	0.08%
ERIE	D	0.08%
REXR	F	0.08%
LBRDK	A	0.08%
REVG	D	0.08%
PRK	A	0.08%
RAMP	D	0.08%
CXT	F	0.08%
YETI	F	0.08%
AZEK	C	0.08%
BKD	D	0.08%
ALIT	F	0.08%
CHH	A	0.08%
RRR	F	0.08%
KLG	F	0.08%
SYNA	F	0.08%
GO	F	0.08%
CWT	D	0.08%
RNG	A	0.08%
KW	C	0.08%
LRN	A	0.08%
UCTT	F	0.08%
NWN	C	0.08%
STRA	F	0.08%
RBC	D	0.08%
FTDR	B	0.08%
KOS	F	0.08%
GNL	D	0.08%
TRIP	C	0.07%
EBC	C	0.07%
DLX	F	0.07%
CAL	F	0.07%
PGRE	C	0.07%
SABR	C	0.07%
MRTN	F	0.07%
PR	F	0.07%
REYN	F	0.07%
GWRE	B	0.07%
MD	B	0.07%
CASH	B	0.07%
SEB	F	0.07%
KOP	F	0.07%
HLX	F	0.07%
CARG	B	0.07%
GES	F	0.07%
ZWS	B	0.07%
ALG	F	0.07%
NSA	D	0.07%
CNA	D	0.07%
TALO	D	0.07%
PTVE	D	0.07%
ADC	C	0.07%
LADR	C	0.07%
MODG	F	0.07%
OPEN	F	0.07%
GOLF	D	0.07%
TTD	A	0.07%
PRDO	B	0.07%
ESGR	B	0.06%
WHD	C	0.06%
EFSC	B	0.06%
CWST	D	0.06%
ENV	A	0.06%
CNXC	F	0.06%
GFS	F	0.06%
COTY	F	0.06%
FBP	D	0.06%
DEA	C	0.06%
BV	A	0.06%
VRRM	D	0.06%
SONO	C	0.06%
W	F	0.06%
MELI	C	0.06%
PSTG	D	0.06%
VBTX	B	0.06%
KTOS	C	0.06%
CRK	B	0.06%
MRCY	D	0.06%
LGF.A	C	0.06%
CWH	F	0.06%
HALO	D	0.06%
BSIG	A	0.06%
MEDP	F	0.06%
PJT	B	0.06%
PLAY	C	0.06%
BSY	F	0.06%
EXPI	B	0.06%
NBIX	D	0.06%
HHH	B	0.06%
BNL	D	0.06%
ROAD	B	0.06%
AUB	C	0.06%
GCI	C	0.06%
HZO	F	0.05%
MATV	F	0.05%
AZTA	F	0.05%
MRC	F	0.05%
BRBR	A	0.05%
CNDT	D	0.05%
WING	F	0.05%
AMCX	F	0.05%
AY	A	0.05%
LIVN	C	0.05%
KLIC	B	0.05%
HAYW	A	0.05%
BGS	C	0.05%
GTN	C	0.05%
ECVT	D	0.05%
FBNC	C	0.05%
NTB	C	0.05%
SMPL	C	0.05%
TSE	C	0.05%
CNMD	D	0.05%
CSTM	F	0.05%
TRNO	F	0.05%
SUPN	B	0.05%
EAF	B	0.05%
SJW	F	0.05%
NOVT	D	0.05%
CTS	A	0.05%
NVRI	F	0.05%
EPRT	C	0.05%
HCSG	C	0.05%
EPAC	A	0.05%
CHEF	D	0.05%
NTGR	A	0.05%
PTON	A	0.05%
EXAS	B	0.05%
ENPH	F	0.05%
LYFT	C	0.05%
HURN	A	0.05%
LEVI	F	0.04%
GLOB	B	0.04%
VTLE	F	0.04%
HMST	F	0.04%
SXC	A	0.04%
SCVL	F	0.04%
GCO	F	0.04%
STNG	F	0.04%
CNSL	A	0.04%
ASTH	C	0.04%
FBRT	B	0.04%
SWBI	F	0.04%
PRAA	D	0.04%
IVT	B	0.04%
ZUMZ	D	0.04%
RGEN	F	0.04%
CMPR	F	0.04%
CRGY	A	0.04%
VCTR	B	0.04%
NOG	F	0.04%
SNAP	B	0.04%
RKT	D	0.04%
ACLS	F	0.04%
ZI	C	0.04%
SFL	F	0.04%
UIS	A	0.04%
RDUS	F	0.04%
DHT	F	0.04%
INVA	B	0.04%
WFRD	F	0.04%
GLNG	B	0.04%
AGRO	B	0.04%
LTC	A	0.04%
BZH	D	0.04%
AAL	A	0.04%
TOST	A	0.04%
INSW	F	0.04%
ALK	A	0.04%
VRTS	C	0.04%
ICHR	F	0.04%
PODD	B	0.04%
DAC	C	0.03%
CMRE	D	0.03%
CLVT	D	0.03%
AHCO	D	0.03%
PRVA	D	0.03%
UVE	C	0.03%
STNE	F	0.03%
GDEN	F	0.03%
KNSL	F	0.03%
CNNE	A	0.03%
TBI	F	0.03%
EVTC	D	0.03%
SBCF	C	0.03%
WOOF	C	0.03%
GDOT	C	0.03%
CRAI	B	0.03%
XPRO	F	0.03%
CPF	C	0.03%
XP	F	0.03%
CFFN	A	0.03%
PAGS	F	0.03%
AMC	F	0.03%
ZIMV	F	0.03%
SBLK	F	0.03%
MP	B	0.03%
CMTG	F	0.03%
VRNT	F	0.03%
GLDD	B	0.03%
DT	B	0.03%
TKO	D	0.03%
ASTE	C	0.03%
LYV	A	0.03%
SSTK	D	0.03%
VSEC	B	0.03%
DXPE	D	0.03%
SNOW	C	0.03%
RC	F	0.03%
STEP	B	0.03%
RGR	F	0.03%
CBL	B	0.03%
USM	A	0.03%
IHRT	B	0.03%
CPS	F	0.03%
VAL	F	0.03%
TRTX	A	0.03%
OFG	C	0.03%
THRY	F	0.03%
PEN	A	0.03%
ILPT	F	0.03%
SENEA	B	0.03%
CLDT	F	0.02%
BRSP	B	0.02%
CCSI	C	0.02%
FLWS	B	0.02%
GTY	C	0.02%
NPK	F	0.02%
KRNY	B	0.02%
FIZZ	D	0.02%
PLOW	F	0.02%
ARKO	C	0.02%
AMBC	D	0.02%
MEI	F	0.02%
CSV	A	0.02%
OPK	C	0.02%
OPI	F	0.02%
CTRN	C	0.02%
UFCS	F	0.02%
HAFC	A	0.02%
WASH	B	0.02%
HFWA	A	0.02%
ARCO	D	0.02%
TPIC	F	0.02%
WOW	D	0.02%
SFIX	D	0.02%
CLB	A	0.02%
CSR	D	0.02%
AVO	D	0.02%
BRY	F	0.02%
TMP	A	0.02%
SHYF	B	0.02%
BRKL	A	0.02%
MTW	D	0.02%
PFC	A	0.02%
HASI	A	0.02%
ALTO	B	0.02%
ALKS	F	0.02%
CNOB	C	0.02%
EBF	F	0.02%
EDR	A	0.02%
TCBK	C	0.02%
PRLB	F	0.02%
KREF	D	0.02%
TEN	F	0.02%
DBI	F	0.02%
BJRI	A	0.02%
WMG	B	0.02%
CLOV	A	0.02%
ZEUS	F	0.02%
MERC	D	0.02%
EVRI	A	0.02%
OCFC	B	0.02%
AVNS	F	0.02%
BBSI	C	0.02%
OKTA	F	0.02%
RMBS	C	0.02%
USNA	D	0.02%
RUN	D	0.02%
VIR	F	0.02%
NBHC	A	0.01%
TBBK	C	0.01%
SNEX	A	0.01%
HOV	D	0.01%
LGND	B	0.01%
IIPR	B	0.01%
LESL	F	0.01%
CMTL	D	0.01%
BHLB	B	0.01%
AOSL	D	0.01%
HLNE	B	0.01%
GPRO	C	0.01%
SEDG	F	0.01%
AVD	F	0.01%
MBUU	A	0.01%
PKST	F	0.01%
RILY	D	0.01%
PETS	C	0.01%
GSL	D	0.01%
BMBL	C	0.01%
MODV	F	0.01%
NU	A	0.01%
PRM	B	0.01%
CRMT	F	0.01%
MED	F	0.01%
SSYS	D	0.01%
GPMT	C	0.01%
JRVR	F	0.01%
MOV	F	0.01%
SRI	F	0.01%
VREX	C	0.01%
FLGT	C	0.01%
SSP	C	0.01%
DIN	F	0.01%
PLCE	B	0.01%
OIS	D	0.01%
DENN	C	0.01%
CCRN	F	0.01%
USPH	F	0.01%
RGP	F	0.01%
TITN	D	0.01%
IRBT	C	0.01%
ATNI	F	0.01%
DAY	A	0.01%
CHGG	F	0.0%
ALGM	F	0.0%
SEG	C	0.0%
TWI	F	0.0%
WTI	F	0.0%
GIC	F	0.0%
CRNC	C	0.0%
EVH	F	0.0%
GSM	F	0.0%
AMPH	B	0.0%
INMD	C	0.0%
DNUT	C	0.0%
HAYN	A	0.0%
MGPI	F	0.0%
MSBI	A	0.0%
THR	F	0.0%
ONEW	F	0.0%
SPWH	F	0.0%
TTEC	D	0.0%
REX	F	0.0%
PFBC	A	0.0%
NIC	B	0.0%
NR	F	0.0%
IIIN	F	0.0%
VTOL	D	0.0%
LXU	C	0.0%

FNDA Underweight 157 Positions Relative to ISMD

Symbol	Grade	Weight
TRUP	A	-0.26%
TTGT	C	-0.25%
AEHR	B	-0.25%
TDS	A	-0.25%
CTLP	B	-0.25%
DMRC	B	-0.24%
VKTX	A	-0.24%
SNV	A	-0.23%
ZION	A	-0.23%
PLYA	C	-0.23%
SMBK	A	-0.23%
CSTL	A	-0.23%
PTCT	B	-0.23%
FHN	A	-0.23%
SKYT	B	-0.23%
PAR	B	-0.23%
LAD	A	-0.22%
WCC	A	-0.22%
SM	F	-0.22%
BCRX	A	-0.22%
SAGE	F	-0.22%
DGII	B	-0.22%
FOLD	B	-0.22%
TWKS	B	-0.21%
TKR	D	-0.21%
RUSHA	A	-0.21%
RSVR	B	-0.21%
IBUY	A	-0.21%
ARW	D	-0.21%
GNW	C	-0.21%
HLIT	F	-0.21%
UTI	A	-0.21%
OGE	C	-0.21%
INFN	B	-0.21%
OFIX	B	-0.21%
ABM	B	-0.21%
WKC	D	-0.21%
AGIO	C	-0.21%
DAKT	C	-0.21%
DAR	B	-0.21%
HTGC	B	-0.21%
RVNC	C	-0.21%
PLSE	D	-0.21%
AGCO	C	-0.21%
FSBC	B	-0.21%
AHH	D	-0.21%
ERII	B	-0.21%
SLRC	B	-0.21%
KBR	B	-0.21%
ALRS	D	-0.21%
AIOT	B	-0.21%
ITCI	A	-0.21%
ALSN	A	-0.21%
NFG	B	-0.21%
GRPN	F	-0.21%
HBNC	A	-0.21%
PTGX	B	-0.21%
RBCAA	B	-0.21%
VAC	C	-0.21%
QTWO	A	-0.21%
MDU	B	-0.21%
ETNB	F	-0.21%
XNCR	B	-0.21%
HCAT	C	-0.2%
CAR	C	-0.2%
COUR	F	-0.2%
KNX	C	-0.2%
VCYT	A	-0.2%
WERN	D	-0.2%
LPX	D	-0.2%
TTI	B	-0.2%
FLO	F	-0.2%
NMFC	F	-0.2%
POST	D	-0.2%
GT	D	-0.2%
UMH	D	-0.2%
NWPX	A	-0.2%
MSEX	D	-0.2%
TMHC	B	-0.2%
HSTM	A	-0.2%
DAN	F	-0.2%
GRC	D	-0.2%
PRO	C	-0.2%
G	D	-0.2%
SRDX	D	-0.2%
MCBS	C	-0.2%
SNDX	F	-0.2%
BY	A	-0.2%
VITL	C	-0.2%
CYTK	F	-0.2%
CCBG	B	-0.2%
CAC	A	-0.2%
EQC	D	-0.2%
VRNS	C	-0.2%
NXRT	D	-0.2%
PUBM	D	-0.2%
MTG	C	-0.2%
PSEC	B	-0.2%
MBWM	C	-0.2%
GKOS	B	-0.2%
TFSL	D	-0.2%
GNTX	C	-0.2%
LMNR	C	-0.2%
PDFS	F	-0.19%
MKSI	F	-0.19%
JOE	F	-0.19%
FMNB	D	-0.19%
KBH	D	-0.19%
LSEA	F	-0.19%
CC	F	-0.19%
CHCT	B	-0.19%
NWL	A	-0.19%
ALX	D	-0.19%
ANGI	F	-0.19%
CECO	F	-0.19%
ACRE	F	-0.19%
LSTR	D	-0.19%
CMC	B	-0.19%
ABG	D	-0.19%
HBI	B	-0.19%
HUBG	D	-0.19%
OPY	A	-0.19%
CHPT	F	-0.19%
SCWX	B	-0.19%
SPTN	D	-0.19%
BFS	D	-0.19%
AIV	D	-0.19%
R	A	-0.19%
THO	D	-0.19%
BC	D	-0.19%
TDW	F	-0.18%
BLBD	F	-0.18%
UFPT	D	-0.18%
VECO	F	-0.18%
GERN	C	-0.18%
ATEX	F	-0.18%
LOB	D	-0.18%
NEO	D	-0.18%
PI	C	-0.18%
CLNE	D	-0.18%
TPH	D	-0.18%
NGVC	B	-0.18%
LEA	F	-0.18%
ARQT	F	-0.18%
ADV	F	-0.18%
MTH	D	-0.18%
ANET	B	-0.18%
ACCD	F	-0.17%
GSAT	F	-0.17%
CYRX	F	-0.17%
MPW	D	-0.17%
ARDX	D	-0.17%
PII	F	-0.17%
PHR	F	-0.16%
NRC	F	-0.16%
ADMA	C	-0.16%
FNA	F	-0.15%