FNDA vs. IVOV ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

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

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$103.46

Average Daily Volume

15,333

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	IVOV
30 Days	8.26%	7.33%
60 Days	7.50%	8.59%
90 Days	8.41%	9.69%
12 Months	30.58%	31.86%

147 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in IVOV	Overlap
AAL	B	0.05%	0.62%	0.05%
ADC	B	0.07%	0.53%	0.07%
ALE	A	0.17%	0.26%	0.17%
ALGM	D	0.0%	0.15%	0.0%
AM	A	0.1%	0.14%	0.1%
AMED	F	0.12%	0.13%	0.12%
AMH	D	0.18%	0.31%	0.18%
AMKR	D	0.17%	0.2%	0.17%
ASB	B	0.21%	0.25%	0.21%
ASH	D	0.17%	0.29%	0.17%
AVNT	B	0.22%	0.3%	0.22%
AZTA	D	0.04%	0.05%	0.04%
BDC	B	0.17%	0.33%	0.17%
BIO	D	0.19%	0.48%	0.19%
BKH	A	0.23%	0.29%	0.23%
BLKB	B	0.06%	0.08%	0.06%
BMRN	D	0.08%	0.39%	0.08%
BRBR	A	0.05%	0.28%	0.05%
BRKR	D	0.09%	0.18%	0.09%
CADE	B	0.22%	0.43%	0.22%
CBSH	A	0.21%	0.3%	0.21%
CBT	C	0.22%	0.14%	0.14%
CDP	C	0.14%	0.16%	0.14%
CFR	B	0.23%	0.33%	0.23%
CGNX	C	0.14%	0.27%	0.14%
CHE	D	0.11%	0.23%	0.11%
CHH	A	0.09%	0.11%	0.09%
CHX	C	0.12%	0.12%	0.12%
CNM	D	0.12%	0.26%	0.12%
CNXC	F	0.04%	0.14%	0.04%
COLB	A	0.19%	0.42%	0.19%
COLM	B	0.18%	0.1%	0.1%
CRUS	D	0.21%	0.18%	0.18%
CUBE	D	0.18%	0.34%	0.18%
CUZ	B	0.19%	0.33%	0.19%
CVLT	B	0.14%	0.19%	0.14%
CXT	B	0.07%	0.19%	0.07%
DLB	B	0.13%	0.13%	0.13%
DTM	B	0.23%	0.23%	0.23%
EEFT	B	0.17%	0.13%	0.13%
EGP	F	0.08%	0.22%	0.08%
ELS	C	0.2%	0.33%	0.2%
ENOV	C	0.11%	0.16%	0.11%
ENS	D	0.19%	0.16%	0.16%
EPR	D	0.13%	0.09%	0.09%
ESNT	D	0.15%	0.45%	0.15%
EXLS	B	0.14%	0.2%	0.14%
EXPO	D	0.07%	0.17%	0.07%
FFIN	B	0.09%	0.2%	0.09%
FHI	A	0.11%	0.22%	0.11%
FLS	B	0.29%	0.27%	0.27%
FNB	A	0.23%	0.37%	0.23%
FR	C	0.11%	0.25%	0.11%
GATX	A	0.22%	0.22%	0.22%
GBCI	B	0.17%	0.42%	0.17%
GEF	A	0.16%	0.11%	0.11%
GHC	C	0.23%	0.2%	0.2%
GME	C	0.31%	0.61%	0.31%
GMED	A	0.15%	0.59%	0.15%
HAE	C	0.1%	0.1%	0.1%
HGV	B	0.12%	0.06%	0.06%
HOMB	A	0.1%	0.36%	0.1%
HQY	B	0.07%	0.26%	0.07%
HWC	B	0.21%	0.15%	0.15%
HXL	D	0.17%	0.17%	0.17%
IBKR	A	0.11%	0.48%	0.11%
IBOC	A	0.11%	0.13%	0.11%
IDA	A	0.21%	0.24%	0.21%
IPGP	D	0.12%	0.09%	0.09%
IRDM	D	0.08%	0.12%	0.08%
IRT	A	0.07%	0.31%	0.07%
JAZZ	B	0.14%	0.28%	0.14%
JWN	C	0.12%	0.15%	0.12%
KEX	C	0.2%	0.27%	0.2%
KMPR	B	0.28%	0.27%	0.27%
KNF	A	0.19%	0.11%	0.11%
KRC	C	0.22%	0.3%	0.22%
KRG	B	0.1%	0.4%	0.1%
LANC	C	0.1%	0.12%	0.1%
LFUS	F	0.17%	0.13%	0.13%
LITE	B	0.25%	0.31%	0.25%
LIVN	F	0.05%	0.12%	0.05%
MASI	A	0.16%	0.17%	0.16%
MAT	D	0.19%	0.27%	0.19%
MMS	F	0.11%	0.1%	0.1%
MSM	C	0.12%	0.12%	0.12%
NEOG	F	0.04%	0.2%	0.04%
NJR	A	0.17%	0.32%	0.17%
NNN	D	0.15%	0.35%	0.15%
NOVT	D	0.05%	0.18%	0.05%
NSA	D	0.06%	0.11%	0.06%
NSP	D	0.07%	0.1%	0.07%
NVST	B	0.19%	0.25%	0.19%
NWE	B	0.17%	0.23%	0.17%
OGS	A	0.19%	0.28%	0.19%
OHI	C	0.26%	0.46%	0.26%
ONB	B	0.17%	0.43%	0.17%
OPCH	D	0.08%	0.12%	0.08%
ORA	B	0.09%	0.3%	0.09%
OZK	B	0.2%	0.16%	0.16%
PB	A	0.23%	0.49%	0.23%
PCH	D	0.17%	0.21%	0.17%
PNFP	B	0.24%	0.34%	0.24%
PNM	F	0.2%	0.28%	0.2%
POWI	D	0.08%	0.12%	0.08%
PPC	C	0.14%	0.14%	0.14%
PSN	D	0.11%	0.1%	0.1%
REXR	F	0.07%	0.4%	0.07%
RGLD	C	0.13%	0.32%	0.13%
RH	B	0.16%	0.18%	0.16%
RLI	B	0.13%	0.16%	0.13%
RNR	C	0.13%	0.43%	0.13%
RYN	D	0.14%	0.18%	0.14%
SAM	C	0.1%	0.1%	0.1%
SBRA	C	0.18%	0.32%	0.18%
SF	B	0.31%	0.75%	0.31%
SIGI	C	0.16%	0.18%	0.16%
SLGN	A	0.14%	0.3%	0.14%
SMG	D	0.19%	0.16%	0.16%
SR	A	0.19%	0.26%	0.19%
SSB	B	0.1%	0.52%	0.1%
STAG	F	0.11%	0.24%	0.11%
SWX	B	0.26%	0.31%	0.26%
SYNA	C	0.08%	0.11%	0.08%
TCBI	B	0.15%	0.25%	0.15%
TEX	D	0.18%	0.11%	0.11%
TKO	B	0.03%	0.31%	0.03%
TNL	A	0.15%	0.07%	0.07%
TPL	A	0.18%	0.51%	0.18%
UAA	C	0.25%	0.11%	0.11%
UBSI	B	0.19%	0.36%	0.19%
UMBF	B	0.17%	0.34%	0.17%
UTHR	C	0.32%	0.64%	0.32%
VC	D	0.09%	0.1%	0.09%
VLY	B	0.2%	0.29%	0.2%
VMI	B	0.25%	0.44%	0.25%
VSH	D	0.09%	0.14%	0.09%
WAL	B	0.28%	0.31%	0.28%
WBS	A	0.26%	0.63%	0.26%
WEN	D	0.13%	0.11%	0.11%
WH	B	0.23%	0.17%	0.17%
WMG	C	0.02%	0.07%	0.02%
WTFC	A	0.23%	0.54%	0.23%
WTRG	B	0.12%	0.36%	0.12%
XPO	B	0.3%	0.57%	0.3%
YETI	C	0.08%	0.08%	0.08%
ZI	D	0.04%	0.15%	0.04%

FNDA Overweight 849 Positions Relative to IVOV

Symbol	Grade	Weight
RCL	A	0.45%
GEO	B	0.42%
UAL	A	0.42%
SATS	D	0.38%
FICO	B	0.36%
COIN	C	0.34%
ANF	C	0.34%
APP	B	0.3%
VSCO	B	0.29%
BKU	A	0.29%
AIT	A	0.28%
MAC	B	0.28%
HRI	B	0.28%
CXW	B	0.28%
TXRH	C	0.28%
HCC	B	0.27%
CLH	B	0.26%
BWXT	B	0.26%
WWD	B	0.25%
SLVM	B	0.25%
FIX	A	0.25%
CRS	A	0.25%
PRG	C	0.25%
Z	A	0.25%
GVA	A	0.25%
MHO	D	0.25%
VRT	B	0.24%
SKYW	B	0.24%
DY	D	0.24%
PLXS	B	0.24%
SAIA	B	0.24%
HEI	B	0.24%
RDN	C	0.24%
FRT	B	0.23%
INCY	C	0.23%
FDP	B	0.23%
VLTO	D	0.23%
SPB	C	0.23%
AWI	A	0.23%
SIG	B	0.23%
LOPE	B	0.23%
ESI	A	0.22%
SPOT	B	0.22%
CWK	B	0.22%
CR	A	0.22%
DEI	B	0.22%
VIRT	B	0.22%
COOP	B	0.22%
MOG.A	B	0.22%
ZM	B	0.22%
TTMI	B	0.22%
SEM	B	0.22%
HIW	D	0.21%
FDS	B	0.21%
PINC	B	0.21%
ELAN	D	0.21%
TPC	C	0.21%
RXO	C	0.21%
KFY	B	0.21%
GMS	B	0.21%
BHE	B	0.21%
BYD	C	0.21%
TTEK	F	0.2%
SBH	C	0.2%
FHB	A	0.2%
EXEL	B	0.2%
TRN	C	0.2%
SCCO	F	0.2%
MC	C	0.2%
CALM	A	0.2%
GBX	A	0.2%
UNIT	B	0.2%
ARCB	C	0.19%
CRC	B	0.19%
JBLU	F	0.19%
STC	B	0.19%
TWLO	A	0.19%
LCII	C	0.19%
ATGE	B	0.19%
FCN	D	0.19%
EAT	A	0.19%
DASH	A	0.19%
CCS	D	0.19%
ADTN	A	0.19%
ENVA	B	0.19%
HP	B	0.19%
AGNC	D	0.19%
ACA	A	0.19%
HLI	B	0.19%
WMK	C	0.18%
WYNN	D	0.18%
NYT	C	0.18%
HNI	B	0.18%
PATK	D	0.18%
RPRX	D	0.18%
DBRG	F	0.18%
GIII	D	0.18%
ACIW	B	0.18%
KMT	B	0.18%
URBN	C	0.18%
IMKTA	C	0.18%
VNT	B	0.17%
SSD	D	0.17%
APLE	B	0.17%
LAUR	A	0.17%
VVV	F	0.17%
NOW	A	0.17%
SUM	B	0.17%
PSMT	C	0.17%
CATY	B	0.17%
WTM	A	0.17%
MTDR	B	0.17%
VSTS	C	0.17%
FUL	F	0.17%
PHIN	A	0.17%
WGO	C	0.17%
UNF	B	0.17%
SPR	D	0.17%
ESAB	B	0.17%
CSGP	D	0.17%
SN	D	0.17%
SHOO	D	0.17%
PIPR	B	0.17%
CNX	A	0.17%
PTEN	C	0.16%
EBS	C	0.16%
PLTR	B	0.16%
SKY	A	0.16%
COLD	D	0.16%
AVA	A	0.16%
WAFD	B	0.16%
VEEV	C	0.16%
OLLI	D	0.16%
APO	B	0.16%
ZD	C	0.16%
OUT	A	0.16%
GTES	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%
CHDN	B	0.15%
AGR	B	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%
MTX	B	0.15%
LGIH	D	0.15%
SCS	C	0.15%
LZB	B	0.15%
SLG	B	0.15%
UVV	B	0.15%
MTCH	D	0.15%
WD	D	0.15%
PDCO	D	0.15%
KTB	B	0.15%
SITE	D	0.15%
RRC	B	0.14%
ICUI	D	0.14%
ENSG	D	0.14%
NMRK	B	0.14%
AMWD	C	0.14%
SNDR	B	0.14%
APOG	B	0.14%
VSTO	A	0.14%
BOH	B	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	D	0.14%
MCY	A	0.14%
BXMT	C	0.14%
CNK	B	0.14%
SLAB	D	0.14%
AROC	B	0.14%
TPG	A	0.14%
CACC	D	0.14%
YELP	C	0.14%
NEU	C	0.14%
CROX	D	0.14%
BCO	D	0.14%
CVCO	A	0.14%
SXT	B	0.14%
HE	C	0.14%
SAH	A	0.14%
ABNB	C	0.13%
WMS	D	0.13%
DNB	B	0.13%
SCL	C	0.13%
IOSP	B	0.13%
WEX	D	0.13%
HELE	C	0.13%
DORM	B	0.13%
FND	C	0.13%
HRB	D	0.13%
ATKR	C	0.13%
SMTC	B	0.13%
THS	D	0.13%
IGT	F	0.13%
UPBD	B	0.13%
PLNT	A	0.13%
IDCC	A	0.13%
CABO	C	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%
ITRI	B	0.13%
PRIM	A	0.12%
HOPE	B	0.12%
FSLR	F	0.12%
ETSY	D	0.12%
DRH	B	0.12%
COMP	B	0.12%
IAC	D	0.12%
CHRD	D	0.12%
ANDE	D	0.12%
AXS	A	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%
TROX	D	0.12%
JBGS	D	0.12%
LBRT	D	0.12%
RLJ	C	0.12%
TREX	C	0.12%
LRN	A	0.12%
ITGR	B	0.12%
AIR	B	0.12%
RIG	D	0.12%
BANR	B	0.12%
MWA	B	0.12%
FELE	B	0.12%
WWW	B	0.12%
WDAY	B	0.12%
BGC	C	0.12%
SASR	B	0.11%
EPC	D	0.11%
TECH	D	0.11%
WSBC	A	0.11%
CPNG	D	0.11%
STRL	B	0.11%
AX	A	0.11%
FN	D	0.11%
HI	C	0.11%
KALU	C	0.11%
XHR	B	0.11%
VIAV	B	0.11%
PPBI	B	0.11%
PLUS	F	0.11%
MPWR	F	0.11%
AEIS	B	0.11%
CIVI	D	0.11%
TRMK	B	0.11%
SKT	B	0.11%
MORN	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%
DDS	B	0.11%
MANH	D	0.11%
CBU	B	0.11%
FSS	B	0.11%
HLF	C	0.11%
BFAM	D	0.11%
PBH	A	0.11%
FIBK	A	0.11%
BLD	D	0.11%
CVBF	A	0.11%
TNET	D	0.11%
FFBC	A	0.11%
MYRG	B	0.11%
NGVT	B	0.11%
WSFS	A	0.1%
BOOT	D	0.1%
ABR	C	0.1%
SIRI	C	0.1%
NHC	C	0.1%
GFF	A	0.1%
WSC	D	0.1%
AEO	F	0.1%
HTLF	B	0.1%
ENR	B	0.1%
ACHC	F	0.1%
MGEE	C	0.1%
FIVE	F	0.1%
CORT	B	0.1%
UE	C	0.1%
UCB	A	0.1%
SHO	C	0.1%
COMM	D	0.1%
NTCT	C	0.1%
DHC	F	0.1%
BKE	B	0.1%
PFS	B	0.1%
PAYC	B	0.1%
AZZ	B	0.1%
BXC	B	0.1%
LBRDK	C	0.09%
ALEX	C	0.09%
CNXN	C	0.09%
CSGS	B	0.09%
PDM	D	0.09%
ESE	B	0.09%
AAON	B	0.09%
FTDR	A	0.09%
CENTA	C	0.09%
PINS	D	0.09%
NHI	D	0.09%
RNG	B	0.09%
CWEN	C	0.09%
RAMP	C	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%
MMSI	B	0.09%
MGRC	B	0.09%
PBI	B	0.09%
MGY	A	0.09%
DXCM	D	0.09%
SCSC	B	0.09%
FRME	B	0.09%
RHP	B	0.09%
OSIS	B	0.09%
EIG	B	0.09%
TW	A	0.09%
OTTR	C	0.09%
IBP	D	0.09%
INDB	B	0.09%
JACK	D	0.09%
BCPC	B	0.09%
SVC	F	0.09%
ROKU	D	0.09%
MSA	D	0.09%
CNS	B	0.08%
OMCL	C	0.08%
ROIC	A	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%
GOLF	B	0.08%
MD	B	0.08%
KFRC	D	0.08%
ATI	D	0.08%
ARI	C	0.08%
SAFT	C	0.08%
CSWI	A	0.08%
HL	D	0.08%
WNC	C	0.08%
OII	B	0.08%
TTD	B	0.08%
KW	B	0.08%
KLG	C	0.08%
ALGT	B	0.08%
CCOI	B	0.08%
PTON	B	0.08%
PMT	D	0.08%
KOS	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%
TOWN	B	0.08%
KAI	A	0.08%
AZEK	A	0.08%
ALIT	C	0.08%
PJT	A	0.07%
CPK	A	0.07%
CNA	B	0.07%
KOP	C	0.07%
HHH	B	0.07%
BMI	B	0.07%
CUBI	C	0.07%
QLYS	C	0.07%
SMCI	F	0.07%
SABR	C	0.07%
ONTO	D	0.07%
HLX	B	0.07%
BSIG	A	0.07%
NMIH	D	0.07%
FCF	A	0.07%
MRTN	C	0.07%
BRC	D	0.07%
EBC	B	0.07%
EYE	C	0.07%
GWRE	A	0.07%
AUB	B	0.07%
OLED	D	0.07%
BLMN	F	0.07%
CRK	B	0.07%
ROG	D	0.07%
IART	C	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%
CASH	A	0.07%
ZWS	B	0.07%
BDN	C	0.07%
PLAB	C	0.07%
MRCY	B	0.07%
THRM	D	0.07%
HMN	B	0.07%
PEB	D	0.07%
GNL	F	0.07%
AMN	F	0.07%
CDE	D	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%
LADR	B	0.07%
CWT	D	0.07%
ROAD	A	0.07%
MTRN	C	0.07%
COTY	F	0.06%
AXL	C	0.06%
CTS	C	0.06%
SMPL	B	0.06%
FBP	B	0.06%
EPAC	B	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%
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%
SEB	F	0.06%
GCI	D	0.06%
KTOS	B	0.06%
OXM	D	0.06%
TNC	D	0.06%
GFS	C	0.06%
TRS	B	0.06%
REYN	D	0.06%
MEDP	D	0.06%
BSY	D	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	B	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%
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%
SCHL	D	0.06%
KELYA	F	0.06%
HALO	F	0.06%
BKD	D	0.06%
STBA	B	0.06%
ERIE	D	0.06%
EAF	C	0.06%
NBIX	C	0.06%
EXPI	C	0.06%
AAT	B	0.06%
SJW	D	0.05%
UIS	B	0.05%
ACCO	C	0.05%
VRTS	B	0.05%
CNDT	C	0.05%
TRNO	F	0.05%
AY	B	0.05%
NTB	B	0.05%
HAYW	B	0.05%
CODI	B	0.05%
CHCO	B	0.05%
HTLD	B	0.05%
KLIC	B	0.05%
VRRM	D	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%
EPRT	B	0.05%
DEA	D	0.05%
SXC	A	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%
PSTG	D	0.05%
ADUS	D	0.05%
SUPN	C	0.05%
MELI	D	0.05%
BV	B	0.05%
ESGR	B	0.05%
MODG	F	0.05%
CNMD	C	0.05%
AMCX	C	0.05%
SENEA	B	0.04%
ASIX	A	0.04%
OFG	B	0.04%
ALRM	C	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%
INSW	F	0.04%
ENPH	F	0.04%
FBRT	C	0.04%
PUMP	B	0.04%
RDNT	B	0.04%
IHRT	C	0.04%
CPS	C	0.04%
GLOB	B	0.04%
WFRD	D	0.04%
SFL	D	0.04%
GLNG	C	0.04%
RDUS	C	0.04%
ZUMZ	C	0.04%
GCO	B	0.04%
CSTM	F	0.04%
DHT	F	0.04%
INVA	D	0.04%
GTN	F	0.04%
RES	D	0.04%
EXAS	D	0.04%
SFBS	B	0.04%
RGEN	D	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%
SNAP	C	0.04%
PRAA	C	0.04%
HLIO	B	0.04%
WING	D	0.04%
LNN	B	0.04%
VCTR	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%
JBSS	D	0.04%
BZH	B	0.04%
MATX	C	0.04%
LKFN	B	0.04%
CRGY	B	0.04%
LTC	B	0.04%
RNST	B	0.04%
GRBK	D	0.04%
FCPT	C	0.04%
COHU	C	0.04%
CMRE	C	0.03%
ASTH	D	0.03%
KNSL	B	0.03%
DAC	B	0.03%
USNA	C	0.03%
XP	F	0.03%
BBSI	B	0.03%
WRLD	C	0.03%
CRAI	B	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%
HSII	B	0.03%
SBCF	A	0.03%
AGM	C	0.03%
PRLB	A	0.03%
RGR	F	0.03%
ILPT	D	0.03%
UVE	B	0.03%
PEGA	A	0.03%
CPF	A	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%
CTRE	D	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	B	0.03%
CBL	A	0.03%
VAL	D	0.03%
WTTR	B	0.03%
LEVI	F	0.03%
VRNT	C	0.03%
MATV	D	0.03%
CMTG	F	0.03%
TSE	F	0.03%
SCVL	F	0.03%
SMP	B	0.03%
SGRY	F	0.03%
USM	B	0.03%
NUS	D	0.03%
SPSC	C	0.03%
STEP	B	0.03%
MNRO	D	0.03%
TRTX	B	0.03%
ACLS	F	0.03%
SNOW	C	0.03%
LYV	A	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%
LPG	F	0.03%
PLCE	C	0.02%
GTY	B	0.02%
ARKO	C	0.02%
CTRN	D	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	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%
CSV	B	0.02%
WOW	B	0.02%
KREF	D	0.02%
SRCE	B	0.02%
EDR	A	0.02%
ALKS	B	0.02%
CLB	B	0.02%
WABC	B	0.02%
HVT	D	0.02%
AVO	C	0.02%
HFWA	B	0.02%
MTW	C	0.02%
EBF	F	0.02%
MERC	F	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%
UTL	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%
CLW	F	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%
ETD	C	0.02%
VTOL	B	0.01%
IIIN	C	0.01%
RILY	F	0.01%
NBHC	B	0.01%
SNEX	B	0.01%
LESL	C	0.01%
FBK	B	0.01%
LGND	B	0.01%
GPRO	F	0.01%
MBUU	C	0.01%
BHLB	B	0.01%
PKST	D	0.01%
KE	C	0.01%
HLNE	B	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	C	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%
USPH	B	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%
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	D	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%
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	A	0.0%
LXU	B	0.0%
TBBK	B	0.0%
AOSL	C	0.0%
NR	B	0.0%
CRVL	A	0.0%
NIC	B	0.0%
PFBC	B	0.0%

FNDA Underweight 137 Positions Relative to IVOV

Symbol	Grade	Weight
ILMN	D	-1.62%
FNF	B	-1.1%
USFD	A	-1.06%
THC	D	-1.05%
COHR	B	-1.0%
DOCU	A	-1.0%
RGA	A	-0.98%
JLL	D	-0.91%
PFGC	B	-0.89%
WPC	D	-0.86%
BJ	A	-0.79%
RRX	B	-0.78%
UNM	A	-0.77%
AA	B	-0.73%
JEF	A	-0.73%
ARMK	B	-0.7%
CNH	C	-0.69%
ALLY	C	-0.68%
AFG	A	-0.66%
FHN	A	-0.65%
FLR	B	-0.63%
SNX	C	-0.62%
AVTR	F	-0.62%
X	C	-0.61%
GPK	C	-0.6%
WCC	B	-0.6%
ORI	A	-0.59%
KNX	B	-0.59%
OGE	B	-0.57%
BERY	B	-0.57%
FYBR	D	-0.56%
CACI	D	-0.55%
GLPI	C	-0.55%
ZION	B	-0.54%
ACM	A	-0.54%
RPM	A	-0.53%
MTZ	B	-0.53%
AR	B	-0.53%
SFM	A	-0.53%
SNV	B	-0.51%
TMHC	B	-0.5%
EQH	B	-0.48%
VNO	B	-0.48%
OSK	B	-0.47%
FAF	A	-0.46%
R	B	-0.45%
AGCO	D	-0.44%
CMC	B	-0.44%
FBIN	D	-0.44%
EWBC	A	-0.44%
DAR	C	-0.44%
BURL	A	-0.44%
G	B	-0.44%
DINO	D	-0.44%
STWD	C	-0.44%
ARW	D	-0.44%
CLF	F	-0.43%
NOV	C	-0.43%
CCK	C	-0.42%
LAD	A	-0.42%
AMG	B	-0.41%
SCI	B	-0.41%
WHR	B	-0.4%
SRCL	C	-0.4%
CG	A	-0.39%
PVH	C	-0.39%
EHC	B	-0.39%
INGR	B	-0.39%
NFG	A	-0.39%
THO	B	-0.39%
DKS	C	-0.38%
NXST	C	-0.38%
THG	A	-0.38%
CIEN	B	-0.38%
LEA	D	-0.38%
ST	F	-0.37%
JHG	A	-0.37%
KD	B	-0.37%
UGI	A	-0.36%
SON	D	-0.36%
POST	C	-0.36%
AVT	C	-0.34%
SAIC	F	-0.34%
KBR	F	-0.34%
LAMR	D	-0.34%
POR	C	-0.34%
CW	B	-0.33%
XRAY	F	-0.33%
VOYA	B	-0.33%
AYI	B	-0.32%
BRX	A	-0.32%
ATR	B	-0.32%
GAP	C	-0.32%
TTC	D	-0.31%
FLO	D	-0.31%
M	D	-0.3%
AN	C	-0.29%
ASGN	F	-0.29%
MTG	C	-0.28%
HOG	D	-0.27%
DCI	B	-0.27%
WU	D	-0.26%
CNO	A	-0.26%
PII	D	-0.26%
SEIC	B	-0.26%
MIDD	C	-0.25%
PRGO	B	-0.25%
MKSI	C	-0.24%
TKR	D	-0.23%
CYTK	F	-0.23%
EVR	B	-0.21%
MAN	D	-0.21%
PAG	B	-0.2%
KBH	D	-0.2%
PBF	D	-0.2%
OLN	D	-0.2%
BHF	B	-0.2%
SLM	A	-0.2%
GXO	B	-0.19%
CC	C	-0.19%
ALV	C	-0.19%
VAC	B	-0.18%
GNTX	C	-0.18%
MUR	D	-0.18%
DOCS	C	-0.18%
MTSI	B	-0.17%
SRPT	D	-0.17%
RCM	F	-0.16%
GT	C	-0.16%
BC	C	-0.15%
MTN	C	-0.15%
LPX	B	-0.15%
CRI	D	-0.14%
LSTR	D	-0.14%
ROIV	C	-0.13%
CPRI	F	-0.09%
UA	C	-0.07%