FNDA vs. REZ ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to iShares Residential Real Estate Capped ETF (REZ)

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

$54.45

Average Daily Volume

310,536

Number of Holdings ^*

965

* may have additional holdings in another (foreign) market

REZ

iShares Residential Real Estate Capped ETF

REZ Description

The investment seeks to track the investment results of an index composed of U.S. residential, healthcare and self-storage real estate equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. Components primarily include real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.48

Average Daily Volume

44,733

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	REZ
30 Days	-4.14%	-1.32%
60 Days	-0.08%	3.32%
90 Days	0.80%	0.98%
12 Months	17.07%	1.76%

13 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in REZ	Overlap
AIRC	A	0.21%	1.7%	0.21%
AMH	B	0.18%	3.49%	0.18%
CSR	A	0.04%	0.28%	0.04%
CTRE	A	0.01%	0.84%	0.01%
CUBE	D	0.17%	2.85%	0.17%
DHC	D	0.23%	0.17%	0.17%
ELS	F	0.19%	3.28%	0.19%
IRT	A	0.05%	1.06%	0.05%
LTC	A	0.04%	0.38%	0.04%
NHI	A	0.09%	0.74%	0.09%
NSA	D	0.06%	0.81%	0.06%
OHI	B	0.23%	2.22%	0.23%
SBRA	C	0.16%	0.94%	0.16%

FNDA Overweight 952 Positions Relative to REZ

Symbol	Grade	Weight
COIN	B	0.5%
SATS	B	0.46%
ANF	C	0.44%
RCL	A	0.39%
SMCI	C	0.39%
HCC	A	0.36%
AGO	C	0.32%
GEO	B	0.3%
DBRG	F	0.3%
SWX	A	0.3%
XPO	D	0.3%
KMPR	D	0.3%
OMI	C	0.29%
SPOT	A	0.29%
SPR	D	0.28%
WIRE	B	0.27%
SCCO	A	0.27%
FLS	A	0.27%
HP	B	0.27%
MAC	C	0.27%
TXRH	A	0.26%
UAL	A	0.26%
RDN	C	0.25%
SLVM	A	0.25%
RNR	D	0.25%
FICO	D	0.24%
VLTO	A	0.24%
AGNC	C	0.24%
CXW	C	0.24%
CLH	B	0.24%
SIG	B	0.24%
DY	A	0.24%
WWD	A	0.24%
BKU	B	0.23%
KELYA	D	0.23%
GATX	D	0.23%
FRT	A	0.23%
SMG	B	0.23%
ASH	A	0.23%
TPC	A	0.23%
ARCB	B	0.23%
SPB	C	0.23%
SF	A	0.23%
UTHR	B	0.23%
ENTG	C	0.22%
JELD	A	0.22%
AWI	C	0.22%
AVNT	A	0.22%
BKH	A	0.22%
BWXT	C	0.22%
CBT	A	0.22%
SAIA	F	0.22%
TEX	B	0.22%
FCN	A	0.22%
CACC	D	0.21%
MHO	C	0.21%
PRG	B	0.21%
ELAN	D	0.21%
UNIT	B	0.21%
LOPE	C	0.21%
FNB	B	0.21%
GHC	C	0.21%
WYNN	F	0.21%
HEI	A	0.21%
GMS	C	0.21%
TTEK	A	0.21%
PTEN	F	0.21%
CRUS	C	0.21%
AIT	D	0.21%
FIX	B	0.21%
CFR	B	0.2%
KRC	D	0.2%
HIW	A	0.2%
ASB	B	0.2%
GIII	C	0.2%
VRT	A	0.2%
KFY	D	0.2%
MOG.A	A	0.2%
HRI	D	0.2%
LNW	C	0.2%
AXS	D	0.2%
GBX	A	0.2%
OZK	A	0.2%
CROX	C	0.2%
WAL	C	0.2%
ESI	D	0.2%
HXL	D	0.19%
AMKR	C	0.19%
FUL	D	0.19%
IDA	A	0.19%
STC	B	0.19%
SSD	D	0.19%
VNT	C	0.19%
WTM	B	0.19%
SEM	C	0.19%
FDS	D	0.19%
RPRX	D	0.19%
EEFT	C	0.19%
PDCO	D	0.19%
CSGP	B	0.19%
SVC	D	0.19%
COOP	A	0.19%
ENS	D	0.19%
URBN	C	0.19%
WBS	D	0.19%
WTFC	B	0.19%
ATKR	A	0.19%
DOOR	A	0.19%
TROX	A	0.19%
TRN	A	0.18%
SCSC	C	0.18%
IMKTA	F	0.18%
COLM	B	0.18%
MLKN	C	0.18%
RXO	F	0.18%
SHOO	C	0.18%
NOMD	C	0.18%
GVA	A	0.18%
DNOW	B	0.18%
HWC	A	0.18%
CADE	A	0.18%
KEX	A	0.18%
BHE	A	0.18%
FHB	A	0.18%
PINC	D	0.18%
VVV	C	0.18%
DEI	B	0.18%
KNF	A	0.18%
CBSH	A	0.18%
SR	A	0.18%
PB	B	0.18%
NNN	C	0.17%
ESNT	C	0.17%
CRS	A	0.17%
AGR	B	0.17%
COLB	C	0.17%
LCII	D	0.17%
SUM	C	0.17%
ESAB	A	0.17%
CRC	A	0.17%
SRCL	F	0.17%
CIM	D	0.17%
FDP	A	0.17%
UBSI	D	0.17%
MAT	F	0.17%
MTDR	A	0.17%
PSMT	B	0.17%
SCS	C	0.17%
CCS	D	0.17%
DTM	A	0.17%
VMI	F	0.17%
HNI	C	0.17%
OGS	B	0.17%
APLE	D	0.17%
ACHC	D	0.17%
PLXS	A	0.17%
PNFP	C	0.17%
ALE	A	0.17%
MC	D	0.16%
OUT	B	0.16%
LBRT	A	0.16%
APG	A	0.16%
NEU	D	0.16%
LFUS	D	0.16%
PCH	F	0.16%
COLD	F	0.16%
PNM	D	0.16%
HELE	F	0.16%
AMR	B	0.16%
CUZ	B	0.16%
WMK	B	0.16%
FN	C	0.16%
CSTM	B	0.16%
SITE	C	0.16%
TTMI	B	0.16%
MOD	B	0.16%
NYT	D	0.16%
HPP	F	0.16%
UVV	A	0.16%
KMT	F	0.16%
UAA	D	0.16%
SBH	C	0.16%
WEX	D	0.16%
SIGI	D	0.16%
H	C	0.16%
WH	D	0.16%
PFSI	B	0.16%
NWE	A	0.16%
NJR	A	0.16%
BYD	F	0.16%
AVA	A	0.16%
AROC	A	0.15%
B	D	0.15%
UNF	D	0.15%
BRKR	D	0.15%
AMWD	C	0.15%
DLX	B	0.15%
VLY	F	0.15%
ZM	D	0.15%
HE	F	0.15%
THS	F	0.15%
KAR	A	0.15%
SN	A	0.15%
NVST	D	0.15%
TDC	D	0.15%
TREX	C	0.15%
MCY	B	0.15%
AMRK	A	0.15%
HLI	C	0.15%
HI	A	0.15%
YELP	B	0.15%
SXT	A	0.15%
RLJ	D	0.15%
SLAB	D	0.15%
ACA	C	0.15%
WGO	D	0.15%
MTX	B	0.15%
VIRT	A	0.15%
PATK	C	0.15%
BCO	A	0.15%
ONB	B	0.14%
SAH	B	0.14%
MASI	B	0.14%
PPC	A	0.14%
NUS	F	0.14%
DLB	D	0.14%
LAUR	A	0.14%
BDN	A	0.14%
LZB	D	0.14%
WAFD	B	0.14%
UMBF	A	0.14%
IOSP	D	0.14%
SCL	D	0.14%
HIBB	A	0.14%
INCY	F	0.14%
MTCH	F	0.14%
PHIN	A	0.14%
WEN	A	0.14%
Z	D	0.14%
FND	C	0.14%
WTS	D	0.14%
ENVA	B	0.14%
EXEL	A	0.14%
VSCO	D	0.14%
BIO	F	0.14%
BXMT	F	0.14%
OLLI	D	0.14%
VEEV	D	0.14%
CNXC	F	0.14%
AXL	B	0.14%
SIX	F	0.14%
DASH	B	0.14%
AMCX	D	0.14%
TNET	F	0.14%
WD	C	0.14%
DOLE	A	0.14%
CGNX	C	0.14%
ADTN	F	0.14%
CWK	C	0.14%
RYN	D	0.14%
KALU	A	0.14%
CHDN	A	0.14%
APAM	D	0.14%
RIG	B	0.13%
GEF	D	0.13%
IPGP	D	0.13%
CATY	F	0.13%
RGLD	A	0.13%
VSTS	B	0.13%
AZZ	B	0.13%
WWW	B	0.13%
AMED	D	0.13%
GTES	A	0.13%
AIR	A	0.13%
ITRI	A	0.13%
EPR	D	0.13%
ARES	B	0.13%
AMN	D	0.13%
PGRE	B	0.13%
ITGR	B	0.13%
DRH	C	0.13%
SFNC	D	0.13%
DDS	B	0.13%
GBCI	C	0.13%
HCSG	F	0.13%
HLF	B	0.13%
FELE	B	0.13%
WOR	C	0.13%
CBRL	F	0.13%
WMS	C	0.13%
CALM	B	0.13%
ACIW	A	0.13%
ETSY	D	0.13%
GMED	F	0.13%
TPG	C	0.13%
BFAM	C	0.13%
PDM	A	0.13%
ATGE	B	0.13%
BGS	B	0.13%
GME	F	0.13%
IAC	D	0.12%
PBI	A	0.12%
RH	D	0.12%
SHO	D	0.12%
LITE	D	0.12%
EPC	B	0.12%
CABO	F	0.12%
PIPR	B	0.12%
BLMN	D	0.12%
XHR	D	0.12%
CEIX	B	0.12%
ENSG	D	0.12%
BSIG	B	0.12%
ENOV	D	0.12%
LGF.A	A	0.12%
DXCM	B	0.12%
FULT	B	0.12%
DIOD	B	0.12%
PLUS	C	0.12%
APOG	A	0.12%
SITC	D	0.12%
SKY	C	0.12%
SMTC	A	0.12%
JBGS	D	0.12%
FSS	A	0.12%
ZD	F	0.12%
HEES	D	0.12%
CVCO	C	0.12%
RRC	A	0.12%
VSTO	A	0.12%
CHX	B	0.12%
BOH	C	0.12%
LGIH	D	0.12%
BDC	C	0.12%
ROL	B	0.12%
MPWR	C	0.12%
VC	D	0.11%
BMRN	D	0.11%
CCO	F	0.11%
IGT	F	0.11%
AAL	D	0.11%
CHRD	A	0.11%
TCBI	D	0.11%
TYL	A	0.11%
WDAY	F	0.11%
KLIC	D	0.11%
BOKF	A	0.11%
HGV	C	0.11%
MD	D	0.11%
MATV	A	0.11%
MORN	D	0.11%
ECPG	F	0.11%
CODI	D	0.11%
STAG	D	0.11%
GTN	F	0.11%
MSA	A	0.11%
SNDR	F	0.11%
SWBI	A	0.11%
PBH	C	0.11%
HTH	D	0.11%
ESGR	C	0.11%
CNM	A	0.11%
LANC	D	0.11%
CVLT	B	0.11%
GFF	C	0.11%
KTB	B	0.11%
NGVT	B	0.11%
MYRG	B	0.11%
BGC	B	0.11%
PTC	C	0.11%
CNK	B	0.11%
SNBR	F	0.11%
IBP	B	0.11%
TRIP	B	0.11%
JACK	F	0.11%
HAE	A	0.1%
PMT	B	0.1%
ALK	A	0.1%
RLI	C	0.1%
WSBC	D	0.1%
KOP	D	0.1%
RRR	B	0.1%
SIRI	F	0.1%
FR	D	0.1%
OPCH	D	0.1%
MRC	D	0.1%
ARI	B	0.1%
THRY	A	0.1%
COKE	C	0.1%
SKT	B	0.1%
NPO	D	0.1%
CMPR	D	0.1%
PRAA	C	0.1%
TWLO	C	0.1%
TILE	B	0.1%
PINS	C	0.1%
RHP	C	0.1%
FFBC	A	0.1%
TRMK	A	0.1%
SXC	D	0.1%
GO	F	0.1%
ABCB	B	0.1%
DORM	C	0.1%
AIN	D	0.1%
IBOC	A	0.1%
MWA	A	0.1%
PECO	D	0.1%
PTVE	A	0.1%
NMRK	C	0.1%
NBR	F	0.1%
KOS	D	0.1%
BKD	A	0.1%
APP	A	0.1%
EAF	C	0.1%
FBP	A	0.1%
NSP	B	0.1%
FIVE	F	0.1%
EAT	B	0.1%
SKYW	A	0.1%
SFL	A	0.1%
OTTR	C	0.1%
MKTX	F	0.1%
WNC	D	0.1%
ABNB	B	0.1%
HOPE	B	0.1%
STRA	A	0.1%
MANH	F	0.1%
SAM	F	0.09%
LYFT	D	0.09%
CPS	B	0.09%
CNXN	C	0.09%
CVI	D	0.09%
SAFT	D	0.09%
MODG	B	0.09%
CLW	B	0.09%
THRM	D	0.09%
BV	A	0.09%
BANR	C	0.09%
SYNA	D	0.09%
HL	B	0.09%
ACCO	F	0.09%
AEIS	D	0.09%
AX	B	0.09%
OEC	B	0.09%
BCPC	D	0.09%
ZEUS	D	0.09%
NTCT	D	0.09%
TNC	B	0.09%
MGRC	C	0.09%
PLNT	D	0.09%
GES	A	0.09%
CIVI	A	0.09%
FIBK	B	0.09%
ROCK	D	0.09%
TALO	B	0.09%
ENR	C	0.09%
STNG	A	0.09%
MELI	D	0.09%
NTB	A	0.09%
PPBI	D	0.09%
LRN	B	0.09%
PAGS	C	0.09%
ASTE	A	0.09%
AY	A	0.09%
JBLU	F	0.09%
CENTA	C	0.09%
EIG	C	0.09%
NVRI	C	0.09%
CBZ	D	0.09%
IDCC	C	0.09%
CVBF	D	0.09%
DNB	D	0.09%
RAMP	D	0.09%
JBT	F	0.09%
HZO	F	0.09%
OSIS	B	0.09%
VSAT	F	0.09%
COTY	D	0.09%
AGRO	A	0.09%
CACC	D	0.09%
RDUS	F	0.09%
DHT	A	0.09%
ICFI	C	0.09%
PSN	C	0.09%
WSC	D	0.09%
PUMP	B	0.09%
TECH	D	0.09%
UCTT	C	0.09%
PEB	C	0.09%
ESRT	C	0.09%
AM	A	0.09%
EXLS	F	0.09%
PLAY	D	0.09%
EMBC	F	0.09%
CSGS	F	0.08%
PRDO	A	0.08%
SBLK	A	0.08%
LADR	B	0.08%
FORM	B	0.08%
WSFS	B	0.08%
ATI	A	0.08%
EGP	F	0.08%
NWN	A	0.08%
ALG	D	0.08%
MNRO	F	0.08%
GNL	D	0.08%
CNSL	C	0.08%
PLAB	C	0.08%
EBS	F	0.08%
OII	A	0.08%
NTGR	C	0.08%
GOLF	C	0.08%
RGR	B	0.08%
ABR	C	0.08%
OXM	A	0.08%
CDE	A	0.08%
REVG	B	0.08%
MTRN	D	0.08%
CNDT	D	0.08%
VGR	D	0.08%
STNE	C	0.08%
ORA	F	0.08%
FRME	A	0.08%
ICUI	F	0.08%
ONTO	B	0.08%
CNA	D	0.08%
UCBI	C	0.08%
GPRE	F	0.08%
RYI	F	0.08%
CBU	D	0.08%
IBKR	A	0.08%
ATSG	D	0.08%
AZEK	C	0.08%
HLX	A	0.08%
TBI	F	0.08%
MGEE	A	0.08%
RNG	D	0.08%
MEDP	C	0.08%
KLG	A	0.08%
TW	C	0.08%
KRG	A	0.08%
BKE	C	0.08%
EYE	F	0.08%
SCHL	D	0.08%
NX	D	0.08%
TPL	A	0.08%
ALEX	D	0.08%
HAIN	F	0.08%
BOOT	A	0.08%
UE	C	0.08%
LXP	F	0.08%
NHC	C	0.08%
KFRC	C	0.08%
IBTX	F	0.07%
SXI	C	0.07%
KWR	C	0.07%
REYN	C	0.07%
USNA	F	0.07%
CUBI	D	0.07%
QLYS	A	0.07%
BSY	A	0.07%
HVT	C	0.07%
ILPT	F	0.07%
CCOI	D	0.07%
GLOB	F	0.07%
KAI	D	0.07%
INDB	B	0.07%
DXPE	B	0.07%
KW	D	0.07%
PRA	B	0.07%
SCVL	A	0.07%
PRK	A	0.07%
WRLD	A	0.07%
EVTC	C	0.07%
DFIN	A	0.07%
HMST	D	0.07%
NWBI	D	0.07%
MMSI	C	0.07%
ZIMV	C	0.07%
INVA	B	0.07%
CWEN	B	0.07%
ESE	B	0.07%
ROG	C	0.07%
NBIX	C	0.07%
YETI	F	0.07%
GCI	B	0.07%
SONO	D	0.07%
IHRT	F	0.07%
HTLF	A	0.07%
BRY	A	0.07%
SENEA	A	0.07%
WFRD	A	0.07%
DBI	D	0.07%
PAYC	D	0.07%
AKR	A	0.07%
FFIN	C	0.07%
ENV	A	0.07%
SMP	D	0.07%
KN	B	0.07%
JJSF	F	0.07%
UIS	B	0.07%
GCO	D	0.07%
POWI	D	0.07%
CWT	C	0.07%
HMN	A	0.07%
STRL	B	0.07%
TOWN	B	0.07%
ASIX	F	0.07%
MERC	A	0.07%
VIAV	F	0.07%
MGY	A	0.07%
CAL	C	0.07%
XP	F	0.07%
BZH	D	0.07%
RBC	D	0.07%
HWKN	B	0.06%
CFFN	F	0.06%
TSE	F	0.06%
ZWS	D	0.06%
WDFC	F	0.06%
LPG	A	0.06%
FTDR	D	0.06%
BLKB	B	0.06%
ICHR	C	0.06%
UVE	B	0.06%
CBL	C	0.06%
MATW	D	0.06%
WING	A	0.06%
HQY	C	0.06%
CPK	A	0.06%
BUSE	C	0.06%
IART	F	0.06%
NBTB	B	0.06%
CMCO	C	0.06%
EGBN	F	0.06%
ZUMZ	C	0.06%
PFS	C	0.06%
EXPO	A	0.06%
JBSS	D	0.06%
CNNE	C	0.06%
MTW	F	0.06%
AAT	B	0.06%
CLVT	D	0.06%
ROKU	F	0.06%
IRDM	B	0.06%
OPEN	F	0.06%
SASR	D	0.06%
ROIC	D	0.06%
MRTN	D	0.06%
NMIH	B	0.06%
PLTR	C	0.06%
CAKE	B	0.06%
ETD	D	0.06%
GLNG	A	0.06%
OLED	D	0.06%
CHH	D	0.06%
PR	A	0.06%
BMI	A	0.06%
TRS	A	0.06%
OFG	B	0.06%
CVGW	D	0.06%
W	F	0.06%
MATX	C	0.06%
NNI	A	0.06%
REXR	F	0.06%
TRTX	A	0.06%
CNS	C	0.06%
AAON	A	0.06%
AAN	F	0.06%
BJRI	C	0.05%
ADUS	D	0.05%
RES	D	0.05%
MMI	D	0.05%
CRAI	A	0.05%
UFCS	D	0.05%
CHEF	C	0.05%
CTRN	D	0.05%
CORT	D	0.05%
CWH	F	0.05%
VBTX	A	0.05%
KTOS	B	0.05%
CNMD	F	0.05%
HALO	D	0.05%
GWRE	C	0.05%
MRCY	D	0.05%
MYE	A	0.05%
FWRD	F	0.05%
COMM	F	0.05%
TUP	F	0.05%
CTS	B	0.05%
CARG	B	0.05%
WHD	A	0.05%
RDNT	A	0.05%
RWT	D	0.05%
EBC	C	0.05%
LIVN	B	0.05%
CASH	A	0.05%
TITN	F	0.05%
WTTR	A	0.05%
ARCO	D	0.05%
DEA	B	0.05%
AHCO	C	0.05%
DAC	A	0.05%
PARR	D	0.05%
ENPH	D	0.05%
RILY	B	0.05%
EPAC	A	0.05%
GFS	D	0.05%
TNP	A	0.05%
TTD	B	0.05%
SHEN	F	0.05%
CPNG	A	0.05%
VRRM	A	0.05%
CWST	D	0.05%
SLGN	B	0.05%
ECVT	D	0.05%
GNK	A	0.05%
ROAD	B	0.05%
STBA	B	0.05%
FCF	B	0.05%
TNK	A	0.05%
CSWI	A	0.05%
ADC	B	0.05%
AWR	D	0.05%
ALTO	F	0.05%
AGX	A	0.05%
PRLB	F	0.05%
AZTA	D	0.05%
SABR	B	0.05%
PSTG	A	0.05%
DHIL	C	0.04%
DIN	D	0.04%
FBNC	D	0.04%
TCBK	D	0.04%
CLDT	D	0.04%
SRCE	D	0.04%
BANF	B	0.04%
EXAS	F	0.04%
VREX	F	0.04%
FLWS	C	0.04%
PFC	B	0.04%
MYGN	F	0.04%
NPK	A	0.04%
CCRN	F	0.04%
SHYF	D	0.04%
ZI	D	0.04%
FOXF	F	0.04%
OPI	F	0.04%
LNN	D	0.04%
MED	F	0.04%
PZZA	D	0.04%
BRSP	D	0.04%
WABC	B	0.04%
MEI	F	0.04%
VRNT	B	0.04%
RGEN	D	0.04%
DRQ	D	0.04%
LKFN	D	0.04%
SRI	D	0.04%
ALKS	D	0.04%
KREF	D	0.04%
DCO	A	0.04%
FCPT	C	0.04%
HTLD	F	0.04%
HSII	C	0.04%
VAL	D	0.04%
BRKL	F	0.04%
EPRT	A	0.04%
INSW	A	0.04%
ALRM	C	0.04%
CLB	C	0.04%
STEP	A	0.04%
SP	B	0.04%
CPF	A	0.04%
RGP	F	0.04%
CRK	A	0.04%
OCFC	C	0.04%
AVO	B	0.04%
COHU	D	0.04%
LSCC	D	0.04%
OMCL	D	0.04%
CHCO	A	0.04%
GLDD	F	0.04%
SGH	D	0.04%
EFSC	D	0.04%
PEGA	C	0.04%
AVNS	F	0.04%
PRGS	F	0.04%
BRBR	C	0.04%
CMRE	A	0.04%
TDOC	F	0.04%
GDOT	D	0.04%
SUPN	C	0.04%
UTL	C	0.04%
HURN	D	0.04%
SJW	F	0.04%
SBSI	F	0.04%
BBSI	B	0.04%
SEDG	F	0.04%
CMP	F	0.04%
EBF	D	0.04%
TRNO	F	0.04%
AMBC	C	0.04%
BNL	D	0.04%
PJT	C	0.04%
SMPL	C	0.04%
NOVT	C	0.04%
CRMT	F	0.03%
WOLF	F	0.03%
PEN	F	0.03%
ATNI	F	0.03%
FLGT	F	0.03%
TPIC	F	0.03%
KRNY	F	0.03%
AVD	D	0.03%
PLOW	F	0.03%
PODD	F	0.03%
SSYS	F	0.03%
IRBT	F	0.03%
LBAI	B	0.03%
CSV	D	0.03%
GTY	B	0.03%
BXC	C	0.03%
DAY	D	0.03%
WOW	F	0.03%
SNOW	D	0.03%
PRFT	F	0.03%
CARS	D	0.03%
TMP	D	0.03%
HAFC	C	0.03%
SFIX	F	0.03%
SPSC	C	0.03%
LBRDK	D	0.03%
MOV	D	0.03%
GPMT	D	0.03%
WASH	C	0.03%
JRVR	F	0.03%
ALIT	D	0.03%
NVEE	D	0.03%
HASI	B	0.03%
SSP	F	0.03%
CNOB	F	0.03%
NEOG	D	0.03%
OIS	F	0.03%
OPK	B	0.03%
EXPI	F	0.03%
ACLS	D	0.03%
HFWA	F	0.03%
HOMB	A	0.03%
EVRI	F	0.03%
USPH	C	0.03%
DENN	F	0.03%
IPAR	F	0.03%
FIZZ	F	0.03%
SSTK	D	0.03%
DO	B	0.03%
HLIO	B	0.02%
HAYW	C	0.02%
SLCA	A	0.02%
PETS	F	0.02%
GPRO	F	0.02%
RYAM	D	0.02%
NOG	A	0.02%
CCSI	F	0.02%
PLCE	F	0.02%
LESL	F	0.02%
WOOF	F	0.02%
CRNC	F	0.02%
AUB	D	0.02%
PTON	F	0.02%
MODV	F	0.02%
BMBL	D	0.02%
ARKO	D	0.02%
IRWD	F	0.01%
RUN	F	0.01%
AMPH	D	0.01%
ALGM	D	0.01%
AMRC	D	0.01%
TBBK	F	0.01%
HY	D	0.01%
WTI	F	0.01%
CHGG	F	0.01%
PCRX	F	0.01%
CMTL	F	0.01%
AOSL	D	0.01%
VIR	F	0.01%
GIC	D	0.01%
CRVL	C	0.01%
INMD	F	0.01%
MSBI	F	0.01%
MGPI	D	0.01%
GSM	A	0.01%
HOV	B	0.01%
NIC	C	0.01%
HAYN	A	0.01%
CLOV	F	0.01%
PEBO	A	0.01%
EVH	F	0.01%
VTOL	C	0.01%
KNSL	F	0.01%
HLNE	B	0.01%
THR	A	0.01%
CALX	F	0.01%
LGND	D	0.01%
DT	D	0.01%
FBK	A	0.01%
SBCF	D	0.01%
NBHC	D	0.01%
IIPR	B	0.01%
GDEN	F	0.01%
PFBC	A	0.01%
SNEX	B	0.01%
ONEW	F	0.01%
TWI	F	0.01%
DNUT	D	0.01%
ASTH	D	0.01%
PRVA	F	0.01%
PRM	B	0.01%
VSEC	B	0.01%
LYV	D	0.01%
AGM	B	0.01%
LXU	B	0.01%
BHLB	B	0.01%
SGRY	F	0.01%
SPWH	D	0.01%
AMC	F	0.01%
CRGY	F	0.01%
TK	B	0.01%
RMBS	D	0.01%
VCTR	A	0.01%
SBOW	C	0.01%
NR	B	0.01%
MBUU	F	0.01%
CMTG	F	0.01%
TOST	B	0.01%
OKTA	D	0.01%
AGL	F	0.01%
MXL	C	0.01%
XPRO	A	0.01%
REX	A	0.01%
GRBK	C	0.01%
RKT	C	0.01%
IIIN	F	0.01%
NU	C	0.01%
IVT	B	0.01%
PKST	F	0.01%
RC	C	0.01%
AMSF	F	0.01%
GSL	A	0.01%
TTEC	F	0.01%
KE	F	0.01%
COMP	D	0.01%

FNDA Underweight 24 Positions Relative to REZ

Symbol	Grade	Weight
WELL	A	-13.08%
PSA	D	-10.98%
EXR	D	-7.59%
AVB	A	-6.78%
EQR	A	-5.95%
ESS	A	-4.49%
INVH	B	-4.44%
VTR	B	-4.4%
MAA	C	-4.34%
SUI	D	-4.14%
DOC	A	-3.8%
UDR	A	-3.49%
CPT	A	-2.98%
HR	B	-1.57%
MPW	C	-0.83%
ELME	A	-0.38%
AIV	A	-0.34%
VRE	D	-0.33%
UMH	B	-0.28%
NXRT	B	-0.21%
CHCT	C	-0.2%
GMRE	F	-0.15%
UHT	D	-0.13%
BRT	A	-0.06%