FNDA vs. LVHD ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to Legg Mason Low Volatility High Dividend ETF (LVHD)

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

$54.65

Average Daily Volume

277,321

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

68,422

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	LVHD
30 Days	-2.40%	-1.57%
60 Days	-0.49%	-0.89%
90 Days	-1.82%	-1.60%
12 Months	9.17%	-0.61%

56 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in LVHD	Overlap
AAT	B	0.06%	0.06%	0.06%
ADC	B	0.06%	0.54%	0.06%
ALE	C	0.18%	0.15%	0.15%
APLE	D	0.16%	0.23%	0.16%
AUB	C	0.02%	0.11%	0.02%
AVA	D	0.16%	0.16%	0.16%
BKH	C	0.21%	0.24%	0.21%
BNL	B	0.05%	0.17%	0.05%
BOH	C	0.12%	0.13%	0.12%
CBU	B	0.08%	0.12%	0.08%
CNA	B	0.08%	0.08%	0.08%
CTRE	C	0.01%	0.16%	0.01%
CUBE	B	0.18%	0.55%	0.18%
CVBF	B	0.09%	0.13%	0.09%
DEA	B	0.05%	0.1%	0.05%
DTM	B	0.18%	0.34%	0.18%
EGBN	D	0.05%	0.04%	0.04%
EPR	C	0.13%	0.23%	0.13%
EPRT	A	0.04%	0.29%	0.04%
FCF	C	0.05%	0.06%	0.05%
FCPT	B	0.04%	0.11%	0.04%
FFBC	C	0.09%	0.06%	0.06%
FHB	C	0.17%	0.11%	0.11%
FIBK	C	0.09%	0.16%	0.09%
FNB	C	0.2%	0.23%	0.2%
FRME	C	0.07%	0.06%	0.06%
FULT	C	0.13%	0.15%	0.13%
GTY	D	0.03%	0.06%	0.03%
HE	F	0.12%	0.05%	0.05%
HIW	B	0.21%	0.26%	0.21%
HOPE	C	0.1%	0.06%	0.06%
LADR	A	0.08%	0.06%	0.06%
LTC	A	0.04%	0.08%	0.04%
LXP	B	0.09%	0.14%	0.09%
NBTB	B	0.06%	0.07%	0.06%
NHI	A	0.09%	0.09%	0.09%
NJR	C	0.16%	0.17%	0.16%
NNN	B	0.17%	0.49%	0.17%
NSA	B	0.07%	0.28%	0.07%
NWBI	B	0.06%	0.08%	0.06%
NWE	D	0.16%	0.16%	0.16%
NWN	F	0.07%	0.1%	0.07%
OGS	C	0.16%	0.21%	0.16%
ONB	B	0.13%	0.3%	0.13%
PFBC	C	0.01%	0.05%	0.01%
PFS	D	0.08%	0.07%	0.07%
ROIC	B	0.06%	0.12%	0.06%
SR	C	0.17%	0.25%	0.17%
STAG	B	0.11%	0.34%	0.11%
TOWN	C	0.07%	0.06%	0.06%
UBSI	C	0.15%	0.15%	0.15%
UNIT	F	0.11%	0.04%	0.04%
UVV	D	0.14%	0.11%	0.11%
VGR	B	0.08%	0.07%	0.07%
VLY	D	0.12%	0.22%	0.12%
WABC	C	0.04%	0.06%	0.04%

FNDA Overweight 906 Positions Relative to LVHD

Symbol	Grade	Weight
ANF	B	0.69%
SATS	B	0.54%
COIN	C	0.54%
SMCI	C	0.5%
RCL	B	0.45%
TPC	B	0.37%
HCC	C	0.35%
CRUS	A	0.32%
SPOT	B	0.32%
GME	C	0.32%
AGO	B	0.31%
UTHR	B	0.3%
KMPR	C	0.3%
WWD	C	0.3%
FICO	A	0.29%
SLVM	C	0.29%
SWX	D	0.29%
DY	B	0.29%
FLS	D	0.28%
TXRH	B	0.28%
ELAN	D	0.28%
WIRE	A	0.27%
XPO	C	0.27%
CLH	B	0.27%
SPB	D	0.26%
SCCO	C	0.26%
VLTO	C	0.26%
SPR	B	0.26%
DHC	B	0.26%
MAC	D	0.26%
CROX	B	0.26%
UAL	D	0.25%
SF	B	0.25%
AGNC	A	0.25%
RNR	D	0.25%
GEO	C	0.25%
AMKR	B	0.25%
RDN	B	0.25%
BHE	B	0.24%
FN	B	0.24%
OHI	A	0.24%
EBS	B	0.24%
CBT	D	0.23%
GATX	B	0.23%
URBN	B	0.23%
CHRD	C	0.23%
ENTG	B	0.23%
ESI	B	0.23%
SEM	A	0.23%
VRT	D	0.23%
FIX	D	0.23%
BKU	B	0.23%
HEI	B	0.23%
TTEK	C	0.23%
FCN	C	0.22%
MHO	D	0.22%
KEX	B	0.22%
BWXT	B	0.22%
AVNT	D	0.22%
LNW	B	0.22%
AXS	B	0.22%
PRG	D	0.22%
ENS	B	0.22%
FRT	C	0.22%
SIG	D	0.22%
ASH	D	0.22%
DBRG	D	0.21%
MOG.A	C	0.21%
WAL	B	0.21%
AIRC	A	0.21%
TTMI	B	0.21%
AWI	D	0.21%
KFY	B	0.21%
LOPE	C	0.21%
AIT	B	0.21%
SMG	D	0.21%
VMI	B	0.21%
TROX	D	0.21%
HP	D	0.21%
EEFT	D	0.2%
COOP	D	0.2%
TRN	C	0.2%
KELYA	D	0.2%
GVA	B	0.2%
GHC	D	0.2%
CRS	B	0.2%
COLM	D	0.19%
PLXS	C	0.19%
SIX	B	0.19%
STC	C	0.19%
GIII	F	0.19%
WTM	C	0.19%
HXL	D	0.19%
ASB	C	0.19%
OMI	F	0.19%
GBX	D	0.19%
TEX	D	0.19%
ELS	C	0.19%
SRCL	B	0.19%
WYNN	D	0.19%
SAIA	B	0.19%
GMS	D	0.19%
CR	C	0.19%
SHOO	C	0.19%
ARCB	D	0.18%
PB	C	0.18%
MOD	B	0.18%
MTX	B	0.18%
RPRX	F	0.18%
CADE	C	0.18%
HWC	C	0.18%
WWW	B	0.18%
IDA	D	0.18%
BCO	B	0.18%
LFUS	C	0.18%
CXW	D	0.18%
AMH	A	0.18%
CBSH	C	0.18%
VVV	B	0.18%
DEI	C	0.18%
VNT	D	0.18%
PTEN	F	0.18%
ATGE	A	0.18%
RXO	B	0.18%
CACC	C	0.18%
KRC	D	0.18%
SN	B	0.18%
WTFC	C	0.18%
SCSC	D	0.18%
NYT	A	0.18%
FUL	D	0.18%
OLLI	B	0.18%
HIBB	A	0.17%
VIRT	C	0.17%
UAA	F	0.17%
PFSI	B	0.17%
WH	C	0.17%
WBS	C	0.17%
SBRA	A	0.17%
CFR	C	0.17%
SSD	F	0.17%
MPWR	B	0.17%
OZK	D	0.17%
CCS	D	0.17%
SCS	B	0.17%
COLD	C	0.17%
ESNT	B	0.17%
HRI	D	0.17%
CGNX	B	0.17%
MLKN	C	0.17%
PDCO	F	0.17%
FDS	D	0.17%
HNI	C	0.17%
GMED	B	0.17%
NOMD	D	0.16%
PATK	D	0.16%
AGR	D	0.16%
SVC	F	0.16%
B	B	0.16%
DLX	B	0.16%
MC	A	0.16%
MAT	F	0.16%
DNOW	D	0.16%
HLI	B	0.16%
IMKTA	F	0.16%
APG	C	0.16%
Z	C	0.16%
EAT	B	0.16%
SXT	D	0.16%
INCY	B	0.16%
PSMT	D	0.16%
CWK	D	0.16%
CUZ	C	0.16%
ACHC	F	0.16%
CSGP	D	0.16%
ADTN	D	0.16%
H	C	0.16%
COLB	C	0.16%
KNF	D	0.16%
PNFP	C	0.16%
ACA	D	0.16%
HLF	C	0.16%
CHDN	B	0.16%
PHIN	D	0.15%
WD	B	0.15%
SLAB	F	0.15%
PDM	B	0.15%
FND	F	0.15%
ESAB	D	0.15%
ATKR	F	0.15%
MTDR	C	0.15%
ACIW	A	0.15%
CRC	B	0.15%
PCH	F	0.15%
CSTM	D	0.15%
WMK	D	0.15%
SAH	D	0.15%
JELD	F	0.15%
SBH	C	0.15%
KMT	D	0.15%
CNXC	C	0.15%
PINC	F	0.15%
SUM	D	0.15%
HELE	F	0.15%
PNM	D	0.15%
LCII	F	0.15%
LZB	B	0.15%
DLB	C	0.14%
NEU	D	0.14%
PBI	A	0.14%
CEIX	B	0.14%
TDC	C	0.14%
YELP	F	0.14%
AIR	B	0.14%
KAR	C	0.14%
APAM	D	0.14%
ENVA	B	0.14%
UNF	B	0.14%
AMR	C	0.14%
OUT	C	0.14%
ITRI	D	0.14%
LBRT	D	0.14%
AROC	C	0.14%
RYN	D	0.14%
KALU	C	0.14%
DOLE	C	0.14%
BDC	C	0.14%
BDN	C	0.14%
BIO	F	0.14%
ZM	F	0.14%
TREX	F	0.14%
WMS	D	0.14%
FDP	D	0.14%
ROL	B	0.14%
MCY	C	0.14%
THS	C	0.14%
SIGI	F	0.14%
VSCO	F	0.14%
NUS	F	0.13%
NVST	F	0.13%
VSTO	B	0.13%
WTS	D	0.13%
GEF	F	0.13%
SITC	B	0.13%
CATY	C	0.13%
ITGR	C	0.13%
CALM	B	0.13%
EPC	B	0.13%
RGLD	C	0.13%
WAFD	C	0.13%
BFAM	C	0.13%
DIOD	C	0.13%
AMED	B	0.13%
MTCH	F	0.13%
PGRE	C	0.13%
MASI	F	0.13%
HI	F	0.13%
VEEV	D	0.13%
TPG	D	0.13%
HPP	D	0.13%
RLJ	D	0.13%
KTB	D	0.13%
AZZ	D	0.13%
PINS	B	0.13%
WGO	F	0.13%
ARES	C	0.13%
SITE	F	0.13%
EXEL	B	0.13%
LITE	B	0.13%
UMBF	C	0.13%
AMCX	F	0.13%
AMRK	D	0.13%
DDS	D	0.13%
BXMT	C	0.13%
LAUR	C	0.13%
SCL	D	0.13%
IOSP	D	0.13%
AXL	F	0.13%
PPC	A	0.13%
PIPR	A	0.13%
BYD	F	0.13%
CVLT	A	0.13%
APP	B	0.12%
RRC	C	0.12%
PLUS	C	0.12%
SKYW	B	0.12%
WEN	F	0.12%
WEX	D	0.12%
AMN	F	0.12%
ESGR	A	0.12%
BGC	C	0.12%
ENSG	A	0.12%
CNK	B	0.12%
GTES	D	0.12%
XHR	D	0.12%
DRH	D	0.12%
JBGS	B	0.12%
LGIH	F	0.12%
CVCO	D	0.12%
IPGP	D	0.12%
DASH	D	0.12%
BRKR	F	0.12%
GBCI	C	0.12%
TYL	B	0.12%
FSS	D	0.12%
FELE	D	0.12%
ZD	F	0.12%
APOG	C	0.12%
AMWD	D	0.12%
TRMK	C	0.11%
FBP	A	0.11%
MANH	B	0.11%
IDCC	A	0.11%
BOKF	C	0.11%
MWA	C	0.11%
BOOT	B	0.11%
LRN	C	0.11%
LANC	C	0.11%
PLNT	B	0.11%
HZO	C	0.11%
SFL	B	0.11%
MSA	B	0.11%
GFF	C	0.11%
HCSG	C	0.11%
NGVT	F	0.11%
EMBC	D	0.11%
CHX	C	0.11%
TECH	D	0.11%
IAC	F	0.11%
TPL	B	0.11%
KLIC	B	0.11%
PTC	B	0.11%
RIG	F	0.11%
SNDR	B	0.11%
UCTT	A	0.11%
SMTC	C	0.11%
SHO	D	0.11%
GCI	A	0.11%
STRA	D	0.11%
TNET	F	0.11%
SFNC	C	0.11%
BSIG	C	0.11%
ETSY	F	0.11%
SKY	F	0.11%
COKE	B	0.11%
WOR	F	0.11%
NTB	B	0.1%
PMT	C	0.1%
RLI	C	0.1%
CCO	C	0.1%
SKT	D	0.1%
JACK	F	0.1%
AM	B	0.1%
JBT	F	0.1%
MYRG	F	0.1%
REVG	C	0.1%
PECO	C	0.1%
ABNB	C	0.1%
HGV	D	0.1%
FR	C	0.1%
LGF.A	D	0.1%
IBOC	C	0.1%
HAE	D	0.1%
BMRN	C	0.1%
MRC	C	0.1%
MKTX	F	0.1%
BGS	F	0.1%
CBRL	F	0.1%
ICUI	B	0.1%
VC	D	0.1%
BKD	C	0.1%
MELI	C	0.1%
STNG	B	0.1%
PBH	B	0.1%
IBP	D	0.1%
ABCB	B	0.1%
MATV	D	0.1%
CODI	C	0.1%
CNM	D	0.1%
CDE	B	0.1%
DORM	C	0.1%
RH	D	0.1%
MORN	B	0.1%
NMRK	C	0.1%
AEIS	B	0.1%
HTH	C	0.1%
BV	C	0.1%
CABO	F	0.1%
TCBI	C	0.1%
ONTO	B	0.1%
ECPG	D	0.1%
SWBI	D	0.1%
IGT	D	0.1%
OTTR	C	0.1%
FORM	B	0.1%
CLW	C	0.1%
DXCM	D	0.1%
AY	B	0.1%
OLED	A	0.09%
RRR	B	0.09%
OPCH	D	0.09%
CNXN	D	0.09%
SAM	C	0.09%
HL	D	0.09%
ABR	B	0.09%
TW	C	0.09%
KRG	B	0.09%
PAGS	C	0.09%
IBKR	A	0.09%
NBR	D	0.09%
ALK	D	0.09%
THRM	D	0.09%
PEB	D	0.09%
NSP	F	0.09%
PRDO	C	0.09%
KOS	D	0.09%
STRL	C	0.09%
MEDP	B	0.09%
SNBR	F	0.09%
WSBC	C	0.09%
BANR	B	0.09%
ORA	C	0.09%
SXC	C	0.09%
CBZ	D	0.09%
DNB	D	0.09%
SIRI	D	0.09%
WDAY	D	0.09%
ENR	C	0.09%
GTN	D	0.09%
TWLO	D	0.09%
HEES	F	0.09%
PUMP	F	0.09%
BCPC	A	0.09%
MD	F	0.09%
NVRI	B	0.09%
OSIS	C	0.09%
ARI	D	0.09%
ICFI	D	0.09%
AX	C	0.09%
RHP	D	0.09%
UE	A	0.09%
SYNA	F	0.09%
PSN	B	0.09%
CMPR	B	0.09%
EXLS	B	0.09%
ESRT	C	0.09%
WSC	F	0.09%
DHT	D	0.09%
AIN	D	0.09%
ENOV	F	0.09%
CACC	C	0.09%
NPO	D	0.09%
TILE	C	0.09%
NHC	A	0.09%
HAIN	D	0.09%
ROG	C	0.08%
FIVE	F	0.08%
GO	D	0.08%
KW	C	0.08%
MMSI	A	0.08%
CWEN	D	0.08%
TBI	D	0.08%
RNG	D	0.08%
BZH	F	0.08%
WSFS	A	0.08%
UCBI	C	0.08%
CNSL	B	0.08%
THRY	F	0.08%
KN	C	0.08%
EGP	B	0.08%
NTGR	B	0.08%
PTVE	D	0.08%
SAFT	D	0.08%
HLX	A	0.08%
VSTS	F	0.08%
COTY	F	0.08%
MGEE	D	0.08%
SBLK	C	0.08%
SCHL	D	0.08%
CNDT	C	0.08%
ATI	C	0.08%
CIVI	C	0.08%
KFRC	D	0.08%
OEC	F	0.08%
TRIP	D	0.08%
GOLF	C	0.08%
GNL	C	0.08%
NTCT	D	0.08%
MODG	D	0.08%
POWI	F	0.08%
ACCO	F	0.08%
RAMP	C	0.08%
ATSG	D	0.08%
RBC	C	0.08%
BLMN	F	0.08%
PPBI	C	0.08%
AAL	F	0.08%
MGRC	D	0.08%
PRAA	F	0.08%
ALEX	B	0.08%
BKE	D	0.08%
EIG	B	0.08%
HTLF	B	0.08%
ROCK	D	0.08%
CENTA	D	0.08%
AAN	B	0.08%
AZEK	D	0.08%
WNC	D	0.08%
JJSF	B	0.08%
REYN	D	0.07%
FFIN	C	0.07%
SASR	B	0.07%
MERC	F	0.07%
KAI	B	0.07%
VIAV	F	0.07%
BMI	C	0.07%
REXR	C	0.07%
OFG	A	0.07%
HMN	D	0.07%
NMIH	A	0.07%
NNI	C	0.07%
IBTX	B	0.07%
WING	B	0.07%
USNA	F	0.07%
ZIMV	B	0.07%
GCO	F	0.07%
ESE	D	0.07%
EXPO	B	0.07%
ENV	D	0.07%
SENEA	C	0.07%
NX	F	0.07%
NBIX	C	0.07%
GES	F	0.07%
KLG	F	0.07%
KOP	F	0.07%
CVI	F	0.07%
CAL	D	0.07%
AKR	A	0.07%
PRK	A	0.07%
GLNG	B	0.07%
JBLU	B	0.07%
RGR	F	0.07%
MTRN	F	0.07%
ZUMZ	B	0.07%
WFRD	B	0.07%
LYFT	F	0.07%
PSTG	B	0.07%
MGY	C	0.07%
CAKE	B	0.07%
RDUS	F	0.07%
INVA	B	0.07%
TALO	D	0.07%
MATX	B	0.07%
EAF	F	0.07%
TNC	C	0.07%
TRTX	A	0.07%
PLAY	F	0.07%
AGRO	D	0.07%
OII	C	0.07%
PLAB	D	0.07%
SCVL	B	0.07%
CWT	C	0.07%
YETI	D	0.07%
VSAT	F	0.07%
PLTR	B	0.07%
OXM	D	0.07%
PAYC	F	0.06%
ROKU	D	0.06%
GFS	C	0.06%
ICHR	C	0.06%
CTS	D	0.06%
BUSE	B	0.06%
KWR	D	0.06%
DBI	F	0.06%
CPK	C	0.06%
TNP	B	0.06%
JBSS	D	0.06%
PR	C	0.06%
SFIX	B	0.06%
HQY	B	0.06%
CBL	B	0.06%
IART	C	0.06%
ZEUS	F	0.06%
MNRO	F	0.06%
HMST	B	0.06%
CORT	B	0.06%
VRRM	B	0.06%
LPG	D	0.06%
EVTC	D	0.06%
GWRE	A	0.06%
AHCO	C	0.06%
RDNT	B	0.06%
SONO	F	0.06%
EYE	F	0.06%
ROAD	C	0.06%
CSWI	B	0.06%
SABR	F	0.06%
AAON	B	0.06%
AZTA	D	0.06%
WRLD	D	0.06%
COMM	F	0.06%
SMP	F	0.06%
INDB	D	0.06%
DAC	B	0.06%
CUBI	B	0.06%
HALO	B	0.06%
DXPE	D	0.06%
W	D	0.06%
SXI	D	0.06%
GLOB	C	0.06%
ASIX	F	0.06%
IRT	A	0.06%
DFIN	C	0.06%
ASTE	F	0.06%
CPS	D	0.06%
CSGS	F	0.06%
STNE	F	0.06%
CHH	B	0.06%
TRS	D	0.06%
CNS	B	0.06%
XP	F	0.06%
PRA	F	0.06%
TNK	B	0.06%
ILPT	C	0.06%
TTD	A	0.06%
MRTN	C	0.06%
CMRE	B	0.06%
BSY	D	0.06%
FTDR	D	0.06%
AGX	B	0.06%
HWKN	B	0.06%
TUP	F	0.06%
ALG	F	0.06%
HURN	B	0.05%
CLVT	F	0.05%
COHU	B	0.05%
TRNO	B	0.05%
MMI	F	0.05%
VRNT	C	0.05%
CRK	D	0.05%
VBTX	B	0.05%
OPI	F	0.05%
GDOT	D	0.05%
NEOG	C	0.05%
FOXF	C	0.05%
WOOF	C	0.05%
BBSI	B	0.05%
ECVT	F	0.05%
WHD	B	0.05%
MYGN	B	0.05%
SLGN	D	0.05%
ACLS	B	0.05%
SMPL	D	0.05%
BJRI	B	0.05%
CPNG	D	0.05%
MTW	F	0.05%
EBC	B	0.05%
GLDD	C	0.05%
NOVT	C	0.05%
TPIC	D	0.05%
CMCO	F	0.05%
STEP	A	0.05%
PRLB	F	0.05%
ENPH	F	0.05%
EBF	B	0.05%
PRFT	B	0.05%
OPEN	F	0.05%
LIVN	D	0.05%
PJT	A	0.05%
BRY	D	0.05%
RYI	F	0.05%
RILY	F	0.05%
CNNE	D	0.05%
CVGW	F	0.05%
ETD	D	0.05%
KTOS	B	0.05%
ZWS	D	0.05%
CASH	B	0.05%
MATW	F	0.05%
WTTR	B	0.05%
WDFC	D	0.05%
GNK	C	0.05%
UVE	D	0.05%
GPRE	F	0.05%
TSE	F	0.05%
AWR	D	0.05%
HVT	F	0.05%
CARG	B	0.05%
CWST	B	0.05%
CCOI	D	0.05%
STBA	B	0.05%
IRDM	D	0.05%
ADUS	B	0.05%
CRAI	B	0.05%
QLYS	D	0.05%
BLKB	D	0.05%
UIS	D	0.05%
CHEF	A	0.05%
SHEN	C	0.05%
CFFN	B	0.05%
EPAC	B	0.05%
SGH	B	0.05%
RWT	B	0.05%
AVO	D	0.04%
BRKL	C	0.04%
PFC	C	0.04%
DRQ	F	0.04%
ALTO	F	0.04%
SRCE	B	0.04%
BRSP	D	0.04%
IRBT	F	0.04%
CARS	C	0.04%
IHRT	F	0.04%
FIZZ	A	0.04%
CMP	F	0.04%
EXPI	F	0.04%
LSCC	D	0.04%
LNN	D	0.04%
FLWS	C	0.04%
CWH	F	0.04%
KREF	F	0.04%
AMBC	F	0.04%
PARR	D	0.04%
LKFN	C	0.04%
ALRM	D	0.04%
RGP	F	0.04%
TCBK	B	0.04%
SUPN	F	0.04%
SRI	F	0.04%
SBSI	C	0.04%
OCFC	B	0.04%
HASI	D	0.04%
EFSC	B	0.04%
ARCO	F	0.04%
PRGS	B	0.04%
DO	B	0.04%
FWRD	D	0.04%
CSR	B	0.04%
ALKS	D	0.04%
CHCO	B	0.04%
SJW	D	0.04%
OMCL	F	0.04%
VAL	B	0.04%
PEGA	D	0.04%
CNMD	F	0.04%
UTL	C	0.04%
UFCS	C	0.04%
CPF	A	0.04%
WOW	B	0.04%
HSII	D	0.04%
CLB	B	0.04%
SHYF	F	0.04%
AVNS	D	0.04%
DCO	B	0.04%
INSW	B	0.04%
CTRN	F	0.04%
MRCY	D	0.04%
HTLD	C	0.04%
BRBR	C	0.04%
CCSI	F	0.03%
DAY	F	0.03%
CRMT	D	0.03%
EXAS	F	0.03%
KRNY	C	0.03%
JRVR	F	0.03%
SNOW	D	0.03%
SEDG	F	0.03%
BXC	F	0.03%
FLGT	F	0.03%
ALIT	F	0.03%
PTON	F	0.03%
WOLF	F	0.03%
MODV	D	0.03%
RGEN	F	0.03%
ZI	F	0.03%
PLOW	F	0.03%
DENN	F	0.03%
PZZA	F	0.03%
MOV	D	0.03%
TMP	C	0.03%
IPAR	F	0.03%
HFWA	D	0.03%
DIN	F	0.03%
CCRN	F	0.03%
VREX	F	0.03%
MYE	F	0.03%
EVRI	C	0.03%
CNOB	C	0.03%
TDOC	F	0.03%
HAFC	B	0.03%
USPH	F	0.03%
LBRDK	C	0.03%
WASH	B	0.03%
CSV	B	0.03%
OPK	F	0.03%
CLDT	D	0.03%
NVEE	F	0.03%
DHIL	D	0.03%
ARKO	C	0.03%
HOMB	C	0.03%
FBNC	C	0.03%
SSTK	F	0.03%
TITN	F	0.03%
MEI	F	0.03%
BANF	C	0.03%
NPK	D	0.03%
RES	F	0.03%
PODD	C	0.03%
SPSC	C	0.03%
KE	F	0.02%
HLIO	D	0.02%
AMC	C	0.02%
HAYW	F	0.02%
COMP	D	0.02%
PLCE	F	0.02%
NOG	C	0.02%
PETS	F	0.02%
GSL	B	0.02%
SLCA	B	0.02%
LESL	F	0.02%
SSP	F	0.02%
ATNI	D	0.02%
GPMT	F	0.02%
AVD	F	0.02%
PEN	F	0.02%
RYAM	B	0.02%
SSYS	F	0.02%
BMBL	F	0.02%
MED	F	0.02%
OIS	F	0.02%
GIC	F	0.01%
TWI	D	0.01%
AMPH	F	0.01%
WTI	D	0.01%
EVH	F	0.01%
CRNC	F	0.01%
TBBK	B	0.01%
MGPI	F	0.01%
MSBI	C	0.01%
RUN	D	0.01%
ALGM	C	0.01%
KNSL	F	0.01%
PCRX	F	0.01%
CRVL	B	0.01%
HAYN	C	0.01%
NIC	C	0.01%
DNUT	F	0.01%
INMD	F	0.01%
GDEN	F	0.01%
HY	C	0.01%
GSM	C	0.01%
DT	D	0.01%
PEBO	C	0.01%
THR	D	0.01%
VIR	F	0.01%
HOV	D	0.01%
SBCF	C	0.01%
FBK	B	0.01%
SPWH	F	0.01%
PRVA	D	0.01%
HLNE	B	0.01%
AGM	C	0.01%
LGND	B	0.01%
NBHC	A	0.01%
SNEX	C	0.01%
LYV	C	0.01%
BHLB	C	0.01%
REX	F	0.01%
CALX	C	0.01%
IIPR	B	0.01%
ASTH	B	0.01%
LXU	F	0.01%
ONEW	C	0.01%
CMTG	D	0.01%
VSEC	B	0.01%
SGRY	F	0.01%
VTOL	B	0.01%
PRM	B	0.01%
OKTA	C	0.01%
RMBS	C	0.01%
VCTR	D	0.01%
MXL	B	0.01%
MBUU	F	0.01%
AMRC	D	0.01%
CRGY	B	0.01%
AOSL	B	0.01%
NR	B	0.01%
AMSF	D	0.01%
PKST	F	0.01%
IIIN	D	0.01%
TTEC	F	0.01%
CLOV	B	0.01%
TK	B	0.01%
AGL	D	0.01%
IVT	C	0.01%
GRBK	C	0.01%
TOST	B	0.01%
RC	C	0.01%
XPRO	B	0.01%
SBOW	B	0.01%
CMTL	D	0.01%
GPRO	F	0.01%
NU	B	0.01%
RKT	C	0.01%
CHGG	F	0.0%
IRWD	F	0.0%

FNDA Underweight 59 Positions Relative to LVHD

Symbol	Grade	Weight
MO	A	-2.8%
SO	B	-2.73%
KDP	C	-2.71%
KO	A	-2.68%
AEP	C	-2.6%
LMT	B	-2.51%
VZ	B	-2.51%
HD	C	-2.5%
XEL	D	-2.49%
JNJ	F	-2.47%
MDT	D	-2.46%
CVX	C	-2.43%
PEP	D	-2.41%
CSCO	C	-2.39%
DUK	D	-2.38%
USB	C	-2.3%
KMB	B	-2.29%
IBM	B	-2.28%
BMY	F	-2.16%
GIS	D	-2.09%
KHC	D	-2.07%
UPS	F	-1.86%
OKE	A	-1.84%
EXC	D	-1.82%
SYY	D	-1.74%
PAYX	D	-1.7%
PNC	B	-1.66%
VICI	D	-1.52%
DRI	D	-1.49%
LYB	D	-1.44%
K	D	-1.41%
WEC	D	-1.34%
ED	D	-1.25%
ETR	D	-1.13%
OMC	D	-1.12%
CAG	D	-1.1%
EVRG	D	-1.1%
DTE	D	-1.08%
FE	D	-1.04%
MAA	B	-1.02%
AEE	D	-0.99%
IPG	F	-0.99%
PKG	C	-0.97%
NI	B	-0.94%
ESS	B	-0.89%
EQR	A	-0.84%
KIM	B	-0.83%
PNW	C	-0.81%
LNT	B	-0.79%
FNF	C	-0.68%
WPC	D	-0.67%
REG	B	-0.66%
GLPI	C	-0.54%
BRX	B	-0.5%
OGE	C	-0.45%
POR	D	-0.33%
MSM	D	-0.29%
DOC	B	-0.27%
NTST	D	-0.13%