FNDA vs. SMLV ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to SPDR Russell 2000 Low Volatility (SMLV)

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

$53.72

Average Daily Volume

306,399

Number of Holdings ^*

965

* may have additional holdings in another (foreign) market

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$106.04

Average Daily Volume

4,919

Number of Holdings ^*

413

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	SMLV
30 Days	-5.80%	-5.35%
60 Days	-2.95%	-1.94%
90 Days	1.34%	-1.12%
12 Months	14.41%	7.63%

239 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in SMLV	Overlap
ACA	D	0.15%	0.12%	0.12%
ACIW	A	0.13%	0.07%	0.07%
ADUS	C	0.05%	0.09%	0.05%
AEIS	D	0.09%	0.05%	0.05%
AGM	A	0.01%	0.91%	0.01%
AGX	A	0.05%	0.19%	0.05%
AIN	F	0.1%	0.07%	0.07%
AIRC	A	0.21%	0.23%	0.21%
ALG	D	0.08%	0.11%	0.08%
ALKS	D	0.04%	0.05%	0.04%
ALRM	C	0.04%	0.05%	0.04%
AMED	D	0.13%	0.06%	0.06%
AMN	D	0.13%	0.07%	0.07%
AMPH	D	0.01%	0.05%	0.01%
AMSF	F	0.01%	0.79%	0.01%
APLE	D	0.17%	0.09%	0.09%
APOG	A	0.12%	0.08%	0.08%
ARCO	D	0.05%	0.05%	0.05%
ARKO	F	0.02%	0.11%	0.02%
AROC	B	0.15%	0.11%	0.11%
ASH	B	0.23%	0.13%	0.13%
ATNI	F	0.03%	0.09%	0.03%
AVNS	F	0.04%	0.06%	0.04%
AZTA	D	0.05%	0.03%	0.03%
AZZ	B	0.13%	0.08%	0.08%
BBSI	A	0.04%	0.08%	0.04%
BHE	A	0.18%	0.09%	0.09%
BKH	A	0.22%	0.22%	0.22%
BLKB	B	0.06%	0.1%	0.06%
BMI	A	0.06%	0.13%	0.06%
BNL	D	0.04%	0.13%	0.04%
BRKL	F	0.04%	0.65%	0.04%
BUSE	D	0.06%	0.99%	0.06%
CABO	F	0.12%	0.08%	0.08%
CACC	D	0.21%	0.09%	0.09%
CACC	D	0.09%	0.09%	0.09%
CALM	D	0.13%	0.13%	0.13%
CBRL	F	0.13%	0.05%	0.05%
CBU	D	0.08%	1.31%	0.08%
CBZ	C	0.09%	0.14%	0.09%
CCOI	F	0.07%	0.1%	0.07%
CFFN	F	0.06%	0.53%	0.06%
CHCO	B	0.04%	1.21%	0.04%
CMCO	C	0.06%	0.08%	0.06%
CNMD	F	0.05%	0.05%	0.05%
CNNE	D	0.06%	0.08%	0.06%
CNXC	F	0.14%	0.06%	0.06%
COLM	B	0.18%	0.13%	0.13%
CORT	D	0.05%	0.04%	0.04%
CPK	A	0.06%	0.21%	0.06%
CRC	B	0.17%	0.1%	0.1%
CSGS	F	0.08%	0.14%	0.08%
CSR	A	0.04%	0.14%	0.04%
CSV	C	0.03%	0.05%	0.03%
CSWI	A	0.05%	0.14%	0.05%
CTRE	A	0.01%	0.11%	0.01%
CTS	B	0.05%	0.07%	0.05%
CUZ	B	0.16%	0.09%	0.09%
CVCO	C	0.12%	0.06%	0.06%
CVLT	B	0.11%	0.1%	0.1%
DEA	B	0.05%	0.18%	0.05%
DEI	A	0.18%	0.09%	0.09%
DHIL	D	0.04%	0.34%	0.04%
DNB	F	0.09%	0.08%	0.08%
DORM	D	0.1%	0.09%	0.09%
DRQ	F	0.04%	0.1%	0.04%
EBF	C	0.04%	0.28%	0.04%
ECVT	F	0.05%	0.09%	0.05%
EFSC	D	0.04%	0.88%	0.04%
EIG	C	0.09%	0.89%	0.09%
ENS	D	0.19%	0.08%	0.08%
ENV	B	0.07%	0.08%	0.07%
EPAC	A	0.05%	0.07%	0.05%
ESE	D	0.07%	0.1%	0.07%
ESGR	B	0.11%	1.22%	0.11%
ETD	D	0.06%	0.07%	0.06%
EVTC	D	0.07%	0.88%	0.07%
EXPO	A	0.06%	0.12%	0.06%
FCF	D	0.05%	0.88%	0.05%
FCPT	C	0.04%	0.12%	0.04%
FELE	C	0.13%	0.16%	0.13%
FFIN	C	0.07%	1.05%	0.07%
FORM	B	0.08%	0.05%	0.05%
FSS	B	0.12%	0.12%	0.12%
FTDR	D	0.06%	0.08%	0.06%
FUL	C	0.19%	0.07%	0.07%
FULT	A	0.12%	0.86%	0.12%
GATX	C	0.23%	0.14%	0.14%
GBCI	D	0.13%	0.8%	0.13%
GEF	D	0.13%	0.13%	0.13%
GHC	C	0.21%	0.11%	0.11%
GLDD	F	0.04%	0.07%	0.04%
GTY	B	0.03%	0.18%	0.03%
HAE	A	0.1%	0.07%	0.07%
HCC	A	0.36%	0.14%	0.14%
HELE	F	0.16%	0.06%	0.06%
HFWA	D	0.03%	0.5%	0.03%
HI	B	0.15%	0.07%	0.07%
HIW	A	0.2%	0.1%	0.1%
HLF	D	0.13%	0.05%	0.05%
HMN	A	0.07%	1.2%	0.07%
HNI	C	0.17%	0.11%	0.11%
HOMB	A	0.03%	0.89%	0.03%
HSII	D	0.04%	0.08%	0.04%
HTLD	F	0.04%	0.15%	0.04%
HURN	D	0.04%	0.07%	0.04%
HWKN	A	0.06%	0.09%	0.06%
IART	F	0.06%	0.08%	0.06%
IBOC	A	0.1%	1.01%	0.1%
ICFI	C	0.09%	0.15%	0.09%
ICUI	D	0.08%	0.07%	0.07%
IDA	A	0.19%	0.26%	0.19%
INVA	A	0.07%	0.09%	0.07%
IOSP	C	0.14%	0.1%	0.1%
IPGP	F	0.13%	0.05%	0.05%
IRDM	B	0.06%	0.06%	0.06%
IRT	A	0.05%	0.09%	0.05%
IRWD	F	0.01%	0.06%	0.01%
ITGR	B	0.13%	0.08%	0.08%
JBGS	D	0.12%	0.09%	0.09%
JBSS	D	0.06%	0.14%	0.06%
JBT	F	0.09%	0.07%	0.07%
JJSF	F	0.07%	0.14%	0.07%
KAI	D	0.07%	0.08%	0.07%
KFRC	D	0.08%	0.09%	0.08%
KN	D	0.07%	0.07%	0.07%
KREF	F	0.04%	0.11%	0.04%
KRNY	F	0.03%	0.26%	0.03%
KW	B	0.07%	0.1%	0.07%
LAUR	A	0.14%	0.07%	0.07%
LBAI	B	0.03%	0.58%	0.03%
LIVN	A	0.05%	0.06%	0.05%
LKFN	D	0.04%	0.83%	0.04%
LNN	D	0.04%	0.12%	0.04%
LOPE	C	0.21%	0.09%	0.09%
LTC	A	0.04%	0.14%	0.04%
LXP	D	0.08%	0.14%	0.08%
LZB	D	0.14%	0.08%	0.08%
MATW	D	0.06%	0.07%	0.06%
MEI	F	0.04%	0.08%	0.04%
MGEE	A	0.08%	0.21%	0.08%
MGRC	D	0.09%	1.2%	0.09%
MMSI	C	0.07%	0.06%	0.06%
MNRO	F	0.08%	0.07%	0.07%
MOG.A	A	0.2%	0.09%	0.09%
MRCY	F	0.05%	0.07%	0.05%
MRTN	D	0.06%	0.12%	0.06%
MTRN	D	0.08%	0.06%	0.06%
MTX	B	0.15%	0.09%	0.09%
MWA	A	0.1%	0.1%	0.1%
MYRG	B	0.11%	0.08%	0.08%
NBHC	D	0.01%	0.99%	0.01%
NBTB	B	0.06%	1.15%	0.06%
NEOG	D	0.03%	0.04%	0.03%
NHC	C	0.08%	0.18%	0.08%
NHI	A	0.09%	0.12%	0.09%
NIC	D	0.01%	0.84%	0.01%
NNI	A	0.06%	1.7%	0.06%
NOMD	C	0.18%	0.12%	0.12%
NPK	A	0.04%	0.22%	0.04%
NTCT	F	0.09%	0.11%	0.09%
NVST	F	0.15%	0.06%	0.06%
NWBI	D	0.07%	1.09%	0.07%
NWE	A	0.16%	0.25%	0.16%
NWN	A	0.08%	0.21%	0.08%
OMCL	F	0.04%	0.06%	0.04%
ONB	B	0.14%	1.31%	0.14%
OSIS	B	0.09%	0.12%	0.09%
OXM	A	0.08%	0.05%	0.05%
PBH	B	0.11%	0.16%	0.11%
PCH	F	0.16%	0.1%	0.1%
PCRX	F	0.01%	0.07%	0.01%
PDCO	F	0.19%	0.07%	0.07%
PEBO	A	0.01%	0.77%	0.01%
PECO	D	0.1%	0.22%	0.1%
PINC	F	0.18%	0.13%	0.13%
PJT	C	0.04%	1.38%	0.04%
PLOW	D	0.03%	0.08%	0.03%
PLUS	C	0.12%	0.07%	0.07%
PLXS	A	0.17%	0.11%	0.11%
PNM	C	0.16%	0.23%	0.16%
POWI	D	0.07%	0.06%	0.06%
PRDO	A	0.08%	0.06%	0.06%
PRGS	F	0.04%	0.11%	0.04%
PRK	A	0.07%	1.17%	0.07%
PSMT	C	0.17%	0.09%	0.09%
PZZA	F	0.04%	0.07%	0.04%
RDN	D	0.25%	0.89%	0.25%
RDNT	A	0.05%	0.04%	0.04%
RGP	F	0.04%	0.13%	0.04%
RGR	B	0.08%	0.1%	0.08%
ROAD	C	0.05%	0.1%	0.05%
SAFT	C	0.09%	0.93%	0.09%
SASR	F	0.06%	0.72%	0.06%
SATS	A	0.46%	0.06%	0.06%
SBSI	D	0.04%	0.65%	0.04%
SCHL	D	0.08%	0.06%	0.06%
SCL	D	0.14%	0.15%	0.14%
SCSC	C	0.18%	0.06%	0.06%
SEM	B	0.19%	0.05%	0.05%
SFL	A	0.1%	0.09%	0.09%
SFNC	D	0.13%	0.77%	0.13%
SHEN	F	0.05%	0.05%	0.05%
SHOO	C	0.18%	0.07%	0.07%
SLGN	A	0.05%	0.22%	0.05%
SMP	D	0.07%	0.14%	0.07%
SNDR	F	0.11%	0.11%	0.11%
SPB	C	0.23%	0.06%	0.06%
SR	A	0.18%	0.22%	0.18%
SRCE	D	0.04%	0.7%	0.04%
SRCL	D	0.17%	0.09%	0.09%
STBA	D	0.05%	0.8%	0.05%
STRA	A	0.1%	0.07%	0.07%
SUPN	C	0.04%	0.07%	0.04%
SXC	C	0.1%	0.12%	0.1%
SXI	B	0.07%	0.09%	0.07%
SXT	A	0.15%	0.17%	0.15%
THRM	D	0.09%	0.05%	0.05%
TMP	F	0.03%	0.48%	0.03%
TNC	A	0.09%	0.12%	0.09%
TOWN	D	0.07%	1.01%	0.07%
TRMK	A	0.1%	0.85%	0.1%
TRS	B	0.06%	0.17%	0.06%
TTMI	B	0.16%	0.06%	0.06%
UNF	D	0.15%	0.13%	0.13%
USNA	F	0.07%	0.06%	0.06%
USPH	C	0.03%	0.05%	0.03%
VAL	D	0.04%	0.11%	0.04%
VIAV	F	0.07%	0.07%	0.07%
VIRT	A	0.15%	1.12%	0.15%
VMI	F	0.17%	0.1%	0.1%
VREX	F	0.04%	0.06%	0.04%
VRNT	C	0.04%	0.06%	0.04%
WABC	D	0.04%	0.97%	0.04%
WAFD	D	0.14%	0.86%	0.14%
WDFC	D	0.06%	0.1%	0.06%
WEN	A	0.14%	0.13%	0.13%
WSBC	D	0.1%	0.87%	0.1%
ZD	F	0.12%	0.06%	0.06%

FNDA Overweight 726 Positions Relative to SMLV

Symbol	Grade	Weight
COIN	D	0.5%
ANF	C	0.44%
RCL	A	0.39%
SMCI	C	0.39%
AGO	D	0.32%
GEO	B	0.3%
DBRG	D	0.3%
SWX	A	0.3%
XPO	D	0.3%
KMPR	C	0.3%
OMI	C	0.29%
SPOT	B	0.29%
SPR	D	0.28%
WIRE	A	0.27%
SCCO	A	0.27%
FLS	A	0.27%
HP	B	0.27%
MAC	D	0.27%
TXRH	A	0.26%
UAL	B	0.26%
SLVM	A	0.25%
RNR	C	0.25%
FICO	D	0.24%
VLTO	A	0.24%
AGNC	B	0.24%
CXW	C	0.24%
CLH	B	0.24%
SIG	C	0.24%
DY	A	0.24%
WWD	A	0.24%
BKU	B	0.23%
KELYA	C	0.23%
FRT	A	0.23%
SMG	B	0.23%
DHC	F	0.23%
OHI	B	0.23%
TPC	A	0.23%
ARCB	F	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%
BWXT	C	0.22%
CBT	A	0.22%
SAIA	F	0.22%
TEX	D	0.22%
FCN	A	0.22%
MHO	D	0.21%
PRG	A	0.21%
ELAN	D	0.21%
UNIT	C	0.21%
FNB	C	0.21%
WYNN	D	0.21%
HEI	A	0.21%
GMS	C	0.21%
TTEK	A	0.21%
PTEN	F	0.21%
CRUS	C	0.21%
AIT	C	0.21%
FIX	B	0.21%
CFR	B	0.2%
KRC	D	0.2%
ASB	A	0.2%
GIII	D	0.2%
VRT	A	0.2%
KFY	D	0.2%
HRI	D	0.2%
LNW	D	0.2%
AXS	C	0.2%
GBX	B	0.2%
OZK	B	0.2%
CROX	C	0.2%
WAL	D	0.2%
ESI	C	0.2%
HXL	D	0.19%
AMKR	B	0.19%
STC	A	0.19%
SSD	D	0.19%
VNT	C	0.19%
WTM	B	0.19%
FDS	D	0.19%
RPRX	D	0.19%
EEFT	D	0.19%
CSGP	B	0.19%
SVC	F	0.19%
COOP	A	0.19%
URBN	C	0.19%
WBS	D	0.19%
WTFC	C	0.19%
ELS	F	0.19%
ATKR	B	0.19%
DOOR	A	0.19%
TROX	A	0.19%
TRN	B	0.18%
IMKTA	F	0.18%
MLKN	C	0.18%
RXO	D	0.18%
GVA	A	0.18%
AMH	B	0.18%
DNOW	B	0.18%
HWC	A	0.18%
CADE	B	0.18%
KEX	A	0.18%
FHB	B	0.18%
VVV	B	0.18%
KNF	A	0.18%
CBSH	A	0.18%
PB	C	0.18%
NNN	B	0.17%
ESNT	D	0.17%
CRS	A	0.17%
AGR	A	0.17%
COLB	B	0.17%
LCII	F	0.17%
SUM	D	0.17%
ESAB	A	0.17%
CUBE	D	0.17%
CIM	F	0.17%
FDP	B	0.17%
UBSI	D	0.17%
MAT	D	0.17%
MTDR	D	0.17%
SCS	D	0.17%
CCS	D	0.17%
DTM	A	0.17%
OGS	B	0.17%
ACHC	D	0.17%
PNFP	D	0.17%
ALE	A	0.17%
MC	D	0.16%
OUT	B	0.16%
LBRT	A	0.16%
APG	B	0.16%
NEU	D	0.16%
LFUS	D	0.16%
COLD	F	0.16%
AMR	D	0.16%
WMK	D	0.16%
FN	C	0.16%
CSTM	D	0.16%
SITE	D	0.16%
MOD	B	0.16%
NYT	D	0.16%
HPP	F	0.16%
UVV	A	0.16%
KMT	D	0.16%
UAA	F	0.16%
SBH	D	0.16%
SBRA	B	0.16%
WEX	D	0.16%
SIGI	D	0.16%
H	C	0.16%
WH	D	0.16%
PFSI	B	0.16%
NJR	A	0.16%
BYD	F	0.16%
AVA	A	0.16%
B	D	0.15%
BRKR	D	0.15%
AMWD	C	0.15%
DLX	B	0.15%
VLY	F	0.15%
ZM	F	0.15%
HE	F	0.15%
THS	C	0.15%
KAR	A	0.15%
SN	A	0.15%
TDC	F	0.15%
TREX	D	0.15%
MCY	B	0.15%
AMRK	A	0.15%
HLI	B	0.15%
YELP	B	0.15%
RLJ	C	0.15%
SLAB	D	0.15%
WGO	D	0.15%
PATK	D	0.15%
BCO	A	0.15%
SAH	A	0.14%
MASI	B	0.14%
PPC	A	0.14%
NUS	F	0.14%
DLB	F	0.14%
BDN	A	0.14%
UMBF	B	0.14%
HIBB	A	0.14%
INCY	F	0.14%
MTCH	F	0.14%
PHIN	A	0.14%
Z	F	0.14%
FND	C	0.14%
WTS	C	0.14%
ENVA	C	0.14%
EXEL	A	0.14%
VSCO	D	0.14%
BIO	F	0.14%
BXMT	D	0.14%
OLLI	D	0.14%
VEEV	D	0.14%
AXL	B	0.14%
SIX	D	0.14%
DASH	C	0.14%
AMCX	F	0.14%
TNET	F	0.14%
WD	D	0.14%
DOLE	A	0.14%
CGNX	B	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	D	0.13%
CATY	F	0.13%
RGLD	B	0.13%
VSTS	D	0.13%
WWW	A	0.13%
GTES	A	0.13%
AIR	A	0.13%
ITRI	A	0.13%
EPR	D	0.13%
ARES	A	0.13%
PGRE	B	0.13%
DRH	C	0.13%
DDS	A	0.13%
HCSG	F	0.13%
WOR	D	0.13%
WMS	C	0.13%
ETSY	C	0.13%
GMED	D	0.13%
TPG	C	0.13%
BFAM	D	0.13%
PDM	A	0.13%
ATGE	C	0.13%
BGS	A	0.13%
GME	F	0.13%
IAC	F	0.12%
PBI	A	0.12%
RH	D	0.12%
SHO	D	0.12%
LITE	D	0.12%
EPC	B	0.12%
PIPR	A	0.12%
BLMN	D	0.12%
XHR	D	0.12%
CEIX	D	0.12%
ENSG	C	0.12%
BSIG	B	0.12%
ENOV	D	0.12%
LGF.A	B	0.12%
DXCM	B	0.12%
DIOD	B	0.12%
SITC	C	0.12%
SKY	D	0.12%
SMTC	A	0.12%
HEES	F	0.12%
RRC	A	0.12%
VSTO	A	0.12%
CHX	B	0.12%
BOH	F	0.12%
LGIH	F	0.12%
BDC	D	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	F	0.11%
CHRD	A	0.11%
TCBI	D	0.11%
TYL	A	0.11%
WDAY	D	0.11%
KLIC	D	0.11%
BOKF	A	0.11%
HGV	D	0.11%
MD	F	0.11%
MATV	A	0.11%
MORN	C	0.11%
ECPG	F	0.11%
CODI	D	0.11%
STAG	D	0.11%
GTN	F	0.11%
MSA	B	0.11%
SWBI	A	0.11%
HTH	D	0.11%
CNM	A	0.11%
LANC	C	0.11%
GFF	D	0.11%
KTB	A	0.11%
NGVT	A	0.11%
BGC	B	0.11%
PTC	C	0.11%
CNK	D	0.11%
SNBR	F	0.11%
IBP	C	0.11%
TRIP	C	0.11%
JACK	F	0.11%
PMT	B	0.1%
ALK	B	0.1%
RLI	C	0.1%
KOP	D	0.1%
RRR	D	0.1%
SIRI	F	0.1%
FR	D	0.1%
OPCH	D	0.1%
MRC	D	0.1%
ARI	D	0.1%
THRY	A	0.1%
COKE	C	0.1%
SKT	B	0.1%
NPO	D	0.1%
CMPR	D	0.1%
PRAA	D	0.1%
TWLO	D	0.1%
TILE	D	0.1%
PINS	C	0.1%
RHP	D	0.1%
FFBC	A	0.1%
GO	F	0.1%
ABCB	A	0.1%
PTVE	A	0.1%
NMRK	D	0.1%
NBR	F	0.1%
KOS	D	0.1%
BKD	A	0.1%
APP	A	0.1%
EAF	B	0.1%
FBP	A	0.1%
NSP	D	0.1%
FIVE	F	0.1%
EAT	A	0.1%
SKYW	A	0.1%
OTTR	B	0.1%
MKTX	F	0.1%
WNC	D	0.1%
ABNB	C	0.1%
HOPE	D	0.1%
MANH	D	0.1%
SAM	F	0.09%
LYFT	D	0.09%
CPS	B	0.09%
CNXN	D	0.09%
CVI	D	0.09%
MODG	A	0.09%
CLW	A	0.09%
BV	A	0.09%
BANR	D	0.09%
SYNA	D	0.09%
HL	B	0.09%
ACCO	F	0.09%
AX	D	0.09%
OEC	B	0.09%
BCPC	D	0.09%
ZEUS	D	0.09%
PLNT	D	0.09%
GES	A	0.09%
CIVI	B	0.09%
FIBK	A	0.09%
ROCK	D	0.09%
TALO	D	0.09%
ENR	C	0.09%
STNG	A	0.09%
MELI	C	0.09%
NTB	A	0.09%
PPBI	F	0.09%
LRN	A	0.09%
PAGS	C	0.09%
ASTE	B	0.09%
AY	A	0.09%
JBLU	F	0.09%
CENTA	C	0.09%
NVRI	D	0.09%
IDCC	C	0.09%
CVBF	F	0.09%
RAMP	F	0.09%
HZO	F	0.09%
VSAT	F	0.09%
COTY	D	0.09%
AGRO	B	0.09%
RDUS	F	0.09%
DHT	A	0.09%
PSN	C	0.09%
WSC	F	0.09%
PUMP	B	0.09%
TECH	D	0.09%
UCTT	C	0.09%
PEB	D	0.09%
ESRT	D	0.09%
AM	A	0.09%
EXLS	D	0.09%
PLAY	D	0.09%
EMBC	F	0.09%
SBLK	A	0.08%
LADR	B	0.08%
WSFS	B	0.08%
ATI	A	0.08%
EGP	F	0.08%
GNL	D	0.08%
CNSL	B	0.08%
PLAB	C	0.08%
EBS	F	0.08%
OII	B	0.08%
NTGR	C	0.08%
GOLF	D	0.08%
ABR	C	0.08%
CDE	B	0.08%
REVG	A	0.08%
CNDT	D	0.08%
VGR	D	0.08%
STNE	D	0.08%
ORA	F	0.08%
FRME	B	0.08%
ONTO	B	0.08%
CNA	B	0.08%
UCBI	D	0.08%
GPRE	F	0.08%
RYI	F	0.08%
IBKR	A	0.08%
ATSG	D	0.08%
AZEK	C	0.08%
HLX	B	0.08%
TBI	F	0.08%
RNG	F	0.08%
MEDP	C	0.08%
KLG	A	0.08%
TW	B	0.08%
KRG	A	0.08%
BKE	C	0.08%
EYE	F	0.08%
NX	D	0.08%
TPL	B	0.08%
ALEX	C	0.08%
HAIN	F	0.08%
BOOT	A	0.08%
UE	B	0.08%
IBTX	F	0.07%
KWR	D	0.07%
REYN	B	0.07%
CUBI	D	0.07%
QLYS	D	0.07%
BSY	A	0.07%
HVT	D	0.07%
ILPT	F	0.07%
GLOB	F	0.07%
INDB	D	0.07%
DXPE	B	0.07%
PRA	B	0.07%
SCVL	B	0.07%
WRLD	A	0.07%
DFIN	A	0.07%
HMST	D	0.07%
ZIMV	D	0.07%
CWEN	A	0.07%
ROG	C	0.07%
NBIX	B	0.07%
YETI	F	0.07%
GCI	B	0.07%
SONO	D	0.07%
IHRT	D	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%
UIS	B	0.07%
GCO	F	0.07%
CWT	A	0.07%
STRL	C	0.07%
ASIX	F	0.07%
MERC	A	0.07%
MGY	B	0.07%
CAL	C	0.07%
XP	F	0.07%
BZH	D	0.07%
RBC	D	0.07%
TSE	F	0.06%
ZWS	C	0.06%
LPG	A	0.06%
ICHR	C	0.06%
UVE	B	0.06%
CBL	D	0.06%
WING	A	0.06%
HQY	C	0.06%
NSA	D	0.06%
EGBN	F	0.06%
ZUMZ	B	0.06%
PFS	B	0.06%
MTW	F	0.06%
AAT	A	0.06%
CLVT	F	0.06%
ROKU	F	0.06%
OPEN	F	0.06%
ROIC	D	0.06%
NMIH	A	0.06%
PLTR	C	0.06%
CAKE	C	0.06%
GLNG	A	0.06%
OLED	D	0.06%
CHH	D	0.06%
PR	B	0.06%
OFG	B	0.06%
CVGW	F	0.06%
W	F	0.06%
MATX	C	0.06%
REXR	F	0.06%
TRTX	B	0.06%
CNS	D	0.06%
AAON	A	0.06%
AAN	F	0.06%
BJRI	C	0.05%
RES	F	0.05%
MMI	F	0.05%
CRAI	A	0.05%
UFCS	B	0.05%
CHEF	C	0.05%
CTRN	F	0.05%
CWH	F	0.05%
VBTX	D	0.05%
KTOS	D	0.05%
HALO	D	0.05%
GWRE	C	0.05%
MYE	A	0.05%
FWRD	F	0.05%
COMM	F	0.05%
TUP	F	0.05%
CARG	C	0.05%
WHD	B	0.05%
RWT	F	0.05%
EBC	D	0.05%
CASH	B	0.05%
TITN	F	0.05%
WTTR	A	0.05%
AHCO	C	0.05%
DAC	A	0.05%
PARR	F	0.05%
ENPH	F	0.05%
RILY	A	0.05%
GFS	D	0.05%
TNP	A	0.05%
TTD	C	0.05%
CPNG	A	0.05%
VRRM	A	0.05%
CWST	C	0.05%
GNK	A	0.05%
TNK	A	0.05%
ADC	B	0.05%
AWR	D	0.05%
ALTO	F	0.05%
PRLB	F	0.05%
SABR	B	0.05%
PSTG	B	0.05%
DIN	F	0.04%
FBNC	D	0.04%
TCBK	C	0.04%
CLDT	F	0.04%
BANF	A	0.04%
EXAS	F	0.04%
FLWS	D	0.04%
PFC	D	0.04%
MYGN	C	0.04%
CCRN	D	0.04%
SHYF	F	0.04%
ZI	D	0.04%
FOXF	F	0.04%
OPI	F	0.04%
MED	F	0.04%
BRSP	D	0.04%
RGEN	D	0.04%
SRI	F	0.04%
DCO	A	0.04%
EPRT	A	0.04%
INSW	A	0.04%
CLB	D	0.04%
STEP	A	0.04%
SP	B	0.04%
CPF	A	0.04%
CRK	B	0.04%
OCFC	D	0.04%
AVO	B	0.04%
COHU	D	0.04%
LSCC	F	0.04%
SGH	D	0.04%
PEGA	C	0.04%
BRBR	D	0.04%
CMRE	A	0.04%
TDOC	F	0.04%
GDOT	B	0.04%
UTL	B	0.04%
SJW	D	0.04%
SEDG	F	0.04%
CMP	F	0.04%
TRNO	D	0.04%
AMBC	C	0.04%
SMPL	A	0.04%
NOVT	D	0.04%
CRMT	F	0.03%
WOLF	D	0.03%
PEN	F	0.03%
FLGT	F	0.03%
TPIC	D	0.03%
AVD	D	0.03%
PODD	D	0.03%
SSYS	F	0.03%
IRBT	F	0.03%
BXC	D	0.03%
DAY	D	0.03%
WOW	D	0.03%
SNOW	D	0.03%
PRFT	D	0.03%
CARS	D	0.03%
HAFC	B	0.03%
SFIX	F	0.03%
SPSC	D	0.03%
LBRDK	D	0.03%
MOV	D	0.03%
GPMT	F	0.03%
WASH	B	0.03%
JRVR	D	0.03%
ALIT	D	0.03%
NVEE	D	0.03%
HASI	D	0.03%
SSP	F	0.03%
CNOB	F	0.03%
OIS	F	0.03%
OPK	C	0.03%
EXPI	F	0.03%
ACLS	D	0.03%
EVRI	F	0.03%
DENN	F	0.03%
IPAR	F	0.03%
FIZZ	F	0.03%
SSTK	D	0.03%
DO	D	0.03%
HLIO	B	0.02%
HAYW	C	0.02%
SLCA	A	0.02%
PETS	F	0.02%
GPRO	F	0.02%
RYAM	F	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	F	0.02%
RUN	F	0.01%
ALGM	C	0.01%
AMRC	F	0.01%
TBBK	F	0.01%
HY	D	0.01%
WTI	F	0.01%
CHGG	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	D	0.01%
MGPI	F	0.01%
GSM	A	0.01%
HOV	B	0.01%
HAYN	A	0.01%
CLOV	F	0.01%
EVH	D	0.01%
VTOL	D	0.01%
KNSL	F	0.01%
HLNE	B	0.01%
THR	A	0.01%
CALX	F	0.01%
LGND	D	0.01%
DT	F	0.01%
FBK	B	0.01%
SBCF	D	0.01%
IIPR	A	0.01%
GDEN	F	0.01%
PFBC	A	0.01%
SNEX	A	0.01%
ONEW	F	0.01%
TWI	F	0.01%
DNUT	F	0.01%
ASTH	D	0.01%
PRVA	F	0.01%
PRM	B	0.01%
VSEC	A	0.01%
LYV	D	0.01%
LXU	A	0.01%
BHLB	D	0.01%
SGRY	D	0.01%
SPWH	F	0.01%
AMC	F	0.01%
CRGY	F	0.01%
TK	C	0.01%
RMBS	F	0.01%
VCTR	A	0.01%
SBOW	F	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	B	0.01%
XPRO	D	0.01%
REX	B	0.01%
GRBK	C	0.01%
RKT	C	0.01%
IIIN	D	0.01%
NU	C	0.01%
IVT	A	0.01%
PKST	F	0.01%
RC	D	0.01%
GSL	A	0.01%
TTEC	F	0.01%
KE	F	0.01%
COMP	F	0.01%

FNDA Underweight 175 Positions Relative to SMLV

Symbol	Grade	Weight
THG	C	-1.63%
WU	B	-1.1%
GCMG	A	-1.03%
CNO	B	-0.95%
BLX	B	-0.9%
PAX	D	-0.85%
SYBT	D	-0.82%
CVII	A	-0.8%
EQC	D	-0.76%
GABC	C	-0.75%
QCRH	D	-0.75%
OBK	D	-0.67%
CTBI	A	-0.59%
BFC	D	-0.57%
FBMS	F	-0.56%
NFG	A	-0.52%
TRIN	A	-0.52%
FMBH	B	-0.52%
UVSP	A	-0.45%
FCBC	A	-0.42%
TRST	D	-0.4%
CATC	D	-0.38%
GSBC	D	-0.38%
FLO	A	-0.37%
FMNB	D	-0.36%
SLAM	A	-0.36%
CAC	C	-0.34%
MCBS	C	-0.34%
THFF	D	-0.33%
HONE	C	-0.31%
ALRS	D	-0.31%
CCNE	D	-0.31%
MCBC	A	-0.3%
AROW	D	-0.3%
HTBI	B	-0.29%
BHB	B	-0.29%
BHRB	D	-0.28%
CCBG	F	-0.28%
ESQ	D	-0.26%
GLRE	B	-0.26%
NFBK	F	-0.26%
SPFI	B	-0.25%
SMMF	B	-0.25%
MPB	D	-0.24%
SBR	B	-0.24%
ARTNA	F	-0.24%
SMBK	D	-0.23%
FBIZ	D	-0.22%
ORRF	B	-0.21%
PFIS	F	-0.21%
CZNC	F	-0.21%
FMAO	B	-0.21%
ACNB	F	-0.21%
HIFS	B	-0.21%
HBCP	D	-0.2%
BSRR	A	-0.2%
BWB	D	-0.2%
WTBA	F	-0.2%
FSBC	D	-0.2%
PSTL	D	-0.19%
GNTY	D	-0.19%
FNLC	F	-0.18%
VLGEA	A	-0.18%
FLIC	F	-0.18%
GPOR	A	-0.18%
TRC	A	-0.18%
FRST	F	-0.18%
EBTC	F	-0.18%
FSBW	D	-0.17%
PKE	D	-0.16%
CTO	A	-0.16%
AFCG	A	-0.15%
CHCT	C	-0.15%
NTST	D	-0.15%
WERN	F	-0.15%
UTMD	F	-0.15%
WSBF	F	-0.15%
BRC	A	-0.14%
CBNK	D	-0.14%
GENC	A	-0.13%
HSTM	C	-0.13%
BCAL	D	-0.13%
CASS	D	-0.12%
TGNA	F	-0.12%
GOOD	A	-0.12%
GRC	D	-0.12%
UHT	D	-0.11%
HCKT	D	-0.11%
AHH	B	-0.1%
UFPT	D	-0.1%
DK	B	-0.1%
PBT	F	-0.1%
BFS	C	-0.1%
MLR	B	-0.1%
RUSHA	D	-0.1%
WINA	D	-0.1%
MSGS	B	-0.1%
HUBG	D	-0.1%
VPG	D	-0.09%
TRNS	B	-0.09%
AVT	A	-0.09%
PRGO	A	-0.09%
GPRK	B	-0.09%
NCNO	D	-0.09%
MGIC	A	-0.09%
CMPO	A	-0.09%
FPI	D	-0.09%
RNGR	F	-0.09%
GMRE	F	-0.09%
LILAK	A	-0.08%
RLGT	F	-0.08%
JOUT	F	-0.08%
FSTR	D	-0.08%
HUN	D	-0.08%
MODN	B	-0.08%
VSH	C	-0.08%
SPOK	C	-0.08%
ABM	B	-0.08%
JBI	B	-0.08%
RDWR	D	-0.08%
ARCH	D	-0.08%
CENT	D	-0.08%
CRI	D	-0.08%
HOLI	D	-0.08%
LMAT	C	-0.08%
FORR	F	-0.08%
BOX	D	-0.07%
NVEC	C	-0.07%
NRC	D	-0.07%
PAHC	A	-0.07%
SANM	C	-0.07%
SQSP	B	-0.07%
ITRN	D	-0.07%
SPNS	A	-0.07%
WEYS	C	-0.07%
PRIM	A	-0.07%
NATR	A	-0.07%
AMSWA	F	-0.07%
TPH	A	-0.06%
KIDS	B	-0.06%
ATEN	D	-0.06%
AAP	C	-0.06%
MDC	A	-0.06%
ASGN	C	-0.06%
WK	F	-0.06%
MLAB	C	-0.06%
BL	D	-0.06%
LEG	D	-0.06%
ZIP	F	-0.05%
CEVA	D	-0.05%
ADMA	A	-0.05%
XNCR	C	-0.05%
IBEX	F	-0.05%
ANIK	A	-0.05%
ANIP	B	-0.05%
TTGT	D	-0.05%
OFIX	F	-0.05%
GPI	A	-0.05%
IRMD	D	-0.05%
BOWL	C	-0.05%
ATEX	D	-0.05%
VECO	B	-0.05%
INSM	D	-0.04%
IMTX	F	-0.04%
SRDX	F	-0.04%
AGIO	A	-0.04%
HRMY	D	-0.04%
TBPH	F	-0.04%
NARI	F	-0.04%
OGN	A	-0.04%
GKOS	A	-0.04%
ACAD	F	-0.03%
RARE	D	-0.03%
PTCT	B	-0.03%
ATRC	F	-0.03%

SMLV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Business Services Medical Instruments & Supplies Savings & Cooperative Banks Medical Devices REIT - Diversified Software - Infrastructure Specialty Chemicals Telecom Services Auto Parts Drug Manufacturers - Specialty & Generic Electronic Components Packaged Foods REIT - Healthcare Facilities Communication Equipment Diagnostics & Research Education & Training Services