FNDA vs. SPDG ETF Comparison

Comparison of Schwab Fundamental U.S. Small Company Index ETF (FNDA) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

$31.38

Average Daily Volume

495,811

Number of Holdings ^*

996

* may have additional holdings in another (foreign) market

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.30

Average Daily Volume

1,474

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	FNDA	SPDG
30 Days	5.80%	0.27%
60 Days	6.02%	2.56%
90 Days	6.78%	5.12%
12 Months	28.61%	29.64%

77 Overlapping Holdings

Symbol	Grade	Weight in FNDA	Weight in SPDG	Overlap
ABR	C	0.1%	0.03%	0.03%
ADC	A	0.07%	0.09%	0.07%
ALE	A	0.17%	0.02%	0.02%
ASB	B	0.21%	0.04%	0.04%
ASH	F	0.17%	0.03%	0.03%
AUB	B	0.07%	0.04%	0.04%
AVA	A	0.16%	0.01%	0.01%
AVNT	B	0.22%	0.04%	0.04%
B	A	0.16%	0.01%	0.01%
BANR	B	0.12%	0.02%	0.02%
BKH	A	0.23%	0.02%	0.02%
BKU	A	0.29%	0.03%	0.03%
BOH	B	0.14%	0.03%	0.03%
BRC	D	0.07%	0.01%	0.01%
CADE	B	0.22%	0.07%	0.07%
CATY	B	0.17%	0.04%	0.04%
CBT	D	0.22%	0.05%	0.05%
CBU	B	0.11%	0.04%	0.04%
CCOI	B	0.08%	0.12%	0.08%
CDP	C	0.14%	0.04%	0.04%
CFR	B	0.23%	0.08%	0.08%
COLB	B	0.19%	0.06%	0.06%
CTRE	C	0.03%	0.05%	0.03%
CUBE	C	0.18%	0.13%	0.13%
CVBF	A	0.11%	0.03%	0.03%
DLB	B	0.13%	0.05%	0.05%
DTM	A	0.23%	0.03%	0.03%
ENR	B	0.1%	0.01%	0.01%
FCPT	C	0.04%	0.03%	0.03%
FFBC	B	0.11%	0.03%	0.03%
FHB	B	0.2%	0.04%	0.04%
FHI	B	0.11%	0.03%	0.03%
FLS	B	0.29%	0.03%	0.03%
FNB	A	0.23%	0.06%	0.06%
FRT	B	0.23%	0.09%	0.09%
FULT	A	0.14%	0.04%	0.04%
GATX	A	0.22%	0.02%	0.02%
GBCI	B	0.17%	0.06%	0.06%
HASI	D	0.02%	0.03%	0.02%
HI	C	0.11%	0.01%	0.01%
HIW	C	0.21%	0.03%	0.03%
HRB	D	0.13%	0.09%	0.09%
IDCC	B	0.13%	0.05%	0.05%
INDB	B	0.09%	0.03%	0.03%
KFY	B	0.21%	0.02%	0.02%
KMT	B	0.18%	0.01%	0.01%
KRC	B	0.22%	0.04%	0.04%
LCII	C	0.19%	0.03%	0.03%
MMS	F	0.11%	0.02%	0.02%
MSM	C	0.12%	0.02%	0.02%
NEU	D	0.14%	0.03%	0.03%
NNN	C	0.15%	0.09%	0.09%
NSA	C	0.06%	0.04%	0.04%
NSP	F	0.07%	0.01%	0.01%
NWE	B	0.17%	0.02%	0.02%
OGS	A	0.19%	0.02%	0.02%
OHI	C	0.26%	0.11%	0.11%
ONB	C	0.17%	0.07%	0.07%
OZK	B	0.2%	0.05%	0.05%
PB	B	0.23%	0.08%	0.08%
PDCO	F	0.15%	0.01%	0.01%
PZZA	F	0.03%	0.02%	0.02%
RDN	D	0.24%	0.06%	0.06%
SFNC	C	0.16%	0.03%	0.03%
SLGN	A	0.14%	0.04%	0.04%
SMG	C	0.19%	0.03%	0.03%
SR	A	0.19%	0.02%	0.02%
SWX	B	0.26%	0.02%	0.02%
SXT	C	0.14%	0.03%	0.03%
TRMK	C	0.11%	0.02%	0.02%
TRN	B	0.2%	0.01%	0.01%
UBSI	B	0.19%	0.06%	0.06%
UCB	A	0.1%	0.04%	0.04%
VLY	B	0.2%	0.04%	0.04%
VSH	F	0.09%	0.02%	0.02%
WAFD	B	0.16%	0.03%	0.03%
WBS	A	0.26%	0.1%	0.1%

FNDA Overweight 919 Positions Relative to SPDG

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	F	0.34%
UTHR	C	0.32%
SF	B	0.31%
GME	C	0.31%
APP	B	0.3%
XPO	B	0.3%
VSCO	C	0.29%
AIT	B	0.28%
MAC	B	0.28%
HRI	C	0.28%
WAL	B	0.28%
KMPR	A	0.28%
CXW	C	0.28%
TXRH	B	0.28%
HCC	B	0.27%
CLH	C	0.26%
BWXT	B	0.26%
UAA	C	0.25%
WWD	C	0.25%
SLVM	B	0.25%
FIX	A	0.25%
CRS	B	0.25%
LITE	B	0.25%
PRG	C	0.25%
Z	A	0.25%
GVA	A	0.25%
MHO	D	0.25%
VMI	B	0.25%
PNFP	B	0.24%
VRT	B	0.24%
SKYW	C	0.24%
DY	D	0.24%
PLXS	B	0.24%
SAIA	B	0.24%
HEI	A	0.24%
INCY	C	0.23%
FDP	B	0.23%
VLTO	C	0.23%
WTFC	A	0.23%
SPB	C	0.23%
AWI	A	0.23%
SIG	B	0.23%
LOPE	C	0.23%
WH	B	0.23%
GHC	B	0.23%
ESI	B	0.22%
SPOT	B	0.22%
CWK	C	0.22%
CR	A	0.22%
DEI	B	0.22%
VIRT	A	0.22%
COOP	B	0.22%
MOG.A	B	0.22%
ZM	C	0.22%
TTMI	C	0.22%
SEM	B	0.22%
CRUS	D	0.21%
FDS	B	0.21%
PINC	B	0.21%
HWC	B	0.21%
ELAN	D	0.21%
TPC	C	0.21%
RXO	D	0.21%
CBSH	B	0.21%
GMS	B	0.21%
IDA	A	0.21%
BHE	C	0.21%
BYD	B	0.21%
PNM	B	0.2%
TTEK	F	0.2%
KEX	B	0.2%
SBH	C	0.2%
EXEL	B	0.2%
SCCO	F	0.2%
MC	C	0.2%
CALM	A	0.2%
ELS	C	0.2%
GBX	A	0.2%
UNIT	B	0.2%
ARCB	C	0.19%
CRC	A	0.19%
JBLU	F	0.19%
STC	B	0.19%
TWLO	A	0.19%
BIO	C	0.19%
ATGE	B	0.19%
FCN	F	0.19%
EAT	A	0.19%
DASH	B	0.19%
CCS	D	0.19%
NVST	B	0.19%
ADTN	A	0.19%
ENS	F	0.19%
ENVA	B	0.19%
HP	C	0.19%
CUZ	B	0.19%
AGNC	C	0.19%
ACA	A	0.19%
MAT	D	0.19%
KNF	B	0.19%
HLI	A	0.19%
WMK	C	0.18%
WYNN	C	0.18%
NYT	D	0.18%
AMH	C	0.18%
HNI	B	0.18%
PATK	C	0.18%
RPRX	D	0.18%
DBRG	F	0.18%
TPL	A	0.18%
TEX	F	0.18%
COLM	C	0.18%
SBRA	C	0.18%
GIII	D	0.18%
ACIW	B	0.18%
URBN	C	0.18%
IMKTA	C	0.18%
BDC	C	0.17%
VNT	C	0.17%
HXL	F	0.17%
SSD	F	0.17%
APLE	B	0.17%
LAUR	A	0.17%
VVV	D	0.17%
NOW	A	0.17%
PCH	F	0.17%
SUM	B	0.17%
PSMT	D	0.17%
UMBF	B	0.17%
WTM	A	0.17%
MTDR	B	0.17%
AMKR	D	0.17%
VSTS	C	0.17%
FUL	F	0.17%
PHIN	A	0.17%
WGO	C	0.17%
NJR	A	0.17%
UNF	B	0.17%
SPR	D	0.17%
ESAB	C	0.17%
CSGP	D	0.17%
SN	D	0.17%
EEFT	B	0.17%
LFUS	D	0.17%
SHOO	F	0.17%
PIPR	A	0.17%
CNX	A	0.17%
PTEN	C	0.16%
RH	C	0.16%
EBS	C	0.16%
PLTR	B	0.16%
SKY	A	0.16%
COLD	D	0.16%
SIGI	C	0.16%
VEEV	C	0.16%
OLLI	D	0.16%
APO	B	0.16%
GEF	A	0.16%
ZD	B	0.16%
OUT	A	0.16%
GTES	A	0.16%
MASI	B	0.16%
VYX	B	0.16%
LNW	F	0.16%
AGO	B	0.16%
ENTG	D	0.16%
PFSI	C	0.16%
CBRL	C	0.15%
DNOW	B	0.15%
CHDN	B	0.15%
AGR	A	0.15%
TCBI	C	0.15%
GMED	A	0.15%
FWRD	D	0.15%
ROL	B	0.15%
TNL	A	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	F	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%
KTB	B	0.15%
ESNT	F	0.15%
SITE	F	0.15%
RYN	D	0.14%
RRC	B	0.14%
ICUI	D	0.14%
EXLS	B	0.14%
ENSG	C	0.14%
NMRK	C	0.14%
AMWD	C	0.14%
SNDR	B	0.14%
APOG	C	0.14%
VSTO	A	0.14%
JAZZ	B	0.14%
TDC	D	0.14%
WTS	B	0.14%
KAR	B	0.14%
OMI	F	0.14%
APG	B	0.14%
TYL	B	0.14%
H	B	0.14%
MKTX	D	0.14%
MLKN	F	0.14%
MCY	A	0.14%
BXMT	C	0.14%
CNK	C	0.14%
CVLT	B	0.14%
SLAB	F	0.14%
AROC	A	0.14%
TPG	A	0.14%
CACC	D	0.14%
PPC	C	0.14%
YELP	C	0.14%
CROX	D	0.14%
BCO	F	0.14%
CVCO	A	0.14%
HE	C	0.14%
SAH	C	0.14%
CGNX	D	0.14%
ABNB	C	0.13%
WMS	F	0.13%
DNB	B	0.13%
SCL	C	0.13%
IOSP	C	0.13%
RNR	C	0.13%
WEX	D	0.13%
HELE	C	0.13%
DORM	B	0.13%
FND	D	0.13%
ATKR	D	0.13%
RGLD	C	0.13%
SMTC	B	0.13%
THS	D	0.13%
IGT	F	0.13%
RLI	A	0.13%
UPBD	B	0.13%
EPR	C	0.13%
PLNT	A	0.13%
CABO	B	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%
WEN	D	0.13%
ITRI	C	0.13%
PRIM	A	0.12%
HOPE	C	0.12%
FSLR	F	0.12%
CNM	D	0.12%
ETSY	D	0.12%
DRH	B	0.12%
CHX	C	0.12%
COMP	B	0.12%
IAC	F	0.12%
CHRD	D	0.12%
ANDE	D	0.12%
AXS	A	0.12%
HGV	C	0.12%
WTRG	B	0.12%
ECPG	C	0.12%
HEES	C	0.12%
PTC	B	0.12%
VRSN	C	0.12%
JELD	F	0.12%
JBT	B	0.12%
IPGP	D	0.12%
AMED	F	0.12%
TROX	D	0.12%
JBGS	F	0.12%
LBRT	D	0.12%
RLJ	C	0.12%
TREX	C	0.12%
JWN	D	0.12%
LRN	A	0.12%
ITGR	B	0.12%
AIR	B	0.12%
RIG	D	0.12%
MWA	B	0.12%
FELE	B	0.12%
WWW	A	0.12%
WDAY	B	0.12%
BGC	C	0.12%
FR	D	0.11%
SASR	B	0.11%
EPC	F	0.11%
TECH	F	0.11%
ENOV	C	0.11%
PSN	D	0.11%
WSBC	B	0.11%
STAG	D	0.11%
CPNG	D	0.11%
STRL	A	0.11%
AX	B	0.11%
FN	C	0.11%
KALU	C	0.11%
XHR	B	0.11%
VIAV	C	0.11%
PPBI	C	0.11%
PLUS	F	0.11%
MPWR	F	0.11%
AEIS	C	0.11%
CIVI	D	0.11%
SKT	A	0.11%
MORN	B	0.11%
HPP	F	0.11%
BOKF	B	0.11%
DIOD	D	0.11%
PECO	A	0.11%
CRL	D	0.11%
HTH	C	0.11%
DDS	B	0.11%
MANH	D	0.11%
FSS	B	0.11%
HLF	C	0.11%
BFAM	D	0.11%
PBH	A	0.11%
FIBK	B	0.11%
BLD	D	0.11%
CHE	D	0.11%
TNET	F	0.11%
IBOC	B	0.11%
MYRG	B	0.11%
IBKR	A	0.11%
NGVT	B	0.11%
AM	A	0.1%
WSFS	B	0.1%
BOOT	C	0.1%
SIRI	C	0.1%
NHC	C	0.1%
GFF	A	0.1%
WSC	F	0.1%
AEO	F	0.1%
HTLF	B	0.1%
ACHC	F	0.1%
MGEE	B	0.1%
FIVE	F	0.1%
CORT	B	0.1%
HAE	C	0.1%
UE	B	0.1%
SHO	D	0.1%
COMM	D	0.1%
NTCT	C	0.1%
LANC	C	0.1%
DHC	F	0.1%
BKE	B	0.1%
HOMB	A	0.1%
PFS	B	0.1%
PAYC	B	0.1%
AZZ	A	0.1%
KRG	B	0.1%
SAM	C	0.1%
SSB	B	0.1%
BXC	B	0.1%
CHH	A	0.09%
LBRDK	C	0.09%
ALEX	B	0.09%
CNXN	C	0.09%
CSGS	B	0.09%
PDM	D	0.09%
ESE	B	0.09%
AAON	B	0.09%
FTDR	B	0.09%
CENTA	C	0.09%
PINS	F	0.09%
NHI	D	0.09%
RNG	C	0.09%
CWEN	C	0.09%
RAMP	B	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%
FFIN	B	0.09%
MMSI	A	0.09%
MGRC	B	0.09%
PBI	B	0.09%
MGY	A	0.09%
DXCM	C	0.09%
SCSC	C	0.09%
FRME	B	0.09%
RHP	B	0.09%
OSIS	A	0.09%
EIG	B	0.09%
TW	A	0.09%
OTTR	C	0.09%
IBP	D	0.09%
JACK	C	0.09%
VC	F	0.09%
BCPC	B	0.09%
SVC	F	0.09%
ROKU	D	0.09%
ORA	B	0.09%
BRKR	D	0.09%
MSA	F	0.09%
CNS	B	0.08%
OMCL	C	0.08%
ROIC	A	0.08%
YETI	D	0.08%
RRR	F	0.08%
DLX	B	0.08%
UCTT	D	0.08%
REVG	C	0.08%
DOLE	D	0.08%
CARG	B	0.08%
GOLF	B	0.08%
MD	C	0.08%
KFRC	D	0.08%
ATI	C	0.08%
ARI	C	0.08%
IRDM	D	0.08%
SAFT	B	0.08%
CSWI	B	0.08%
HL	D	0.08%
WNC	C	0.08%
OII	B	0.08%
TTD	B	0.08%
KW	C	0.08%
KLG	B	0.08%
ALGT	B	0.08%
PTON	A	0.08%
EGP	D	0.08%
PMT	C	0.08%
KOS	D	0.08%
BMRN	F	0.08%
WOR	F	0.08%
SYNA	C	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%
POWI	F	0.08%
TOWN	B	0.08%
OPCH	D	0.08%
KAI	B	0.08%
AZEK	A	0.08%
ALIT	C	0.08%
PJT	A	0.07%
CPK	A	0.07%
CNA	C	0.07%
KOP	C	0.07%
HHH	B	0.07%
BMI	B	0.07%
CUBI	B	0.07%
QLYS	B	0.07%
SMCI	F	0.07%
SABR	C	0.07%
ONTO	F	0.07%
HLX	B	0.07%
EXPO	D	0.07%
BSIG	A	0.07%
NMIH	C	0.07%
FCF	B	0.07%
MRTN	D	0.07%
EBC	B	0.07%
HQY	A	0.07%
EYE	C	0.07%
GWRE	A	0.07%
OLED	F	0.07%
BLMN	F	0.07%
CRK	B	0.07%
ROG	D	0.07%
IART	C	0.07%
IRT	A	0.07%
OPEN	F	0.07%
SXI	B	0.07%
PR	B	0.07%
PTVE	B	0.07%
REXR	F	0.07%
NX	C	0.07%
JJSF	C	0.07%
LYFT	C	0.07%
CASH	B	0.07%
ZWS	B	0.07%
BDN	C	0.07%
PLAB	C	0.07%
MRCY	C	0.07%
THRM	F	0.07%
HMN	B	0.07%
PEB	D	0.07%
GNL	F	0.07%
AMN	F	0.07%
CDE	C	0.07%
CAKE	C	0.07%
HWKN	B	0.07%
TILE	B	0.07%
NBTB	B	0.07%
ALG	B	0.07%
CXT	C	0.07%
KN	B	0.07%
LADR	B	0.07%
CWT	C	0.07%
ROAD	B	0.07%
MTRN	C	0.07%
COTY	F	0.06%
AXL	C	0.06%
CTS	C	0.06%
SMPL	B	0.06%
FBP	C	0.06%
EPAC	C	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	A	0.06%
GES	F	0.06%
CAL	F	0.06%
TOST	B	0.06%
NTGR	B	0.06%
ECVT	C	0.06%
WHD	B	0.06%
MMI	C	0.06%
EMBC	C	0.06%
TDOC	C	0.06%
BLKB	B	0.06%
SEB	F	0.06%
GCI	D	0.06%
KTOS	B	0.06%
OXM	F	0.06%
TNC	D	0.06%
GFS	C	0.06%
TRS	B	0.06%
REYN	D	0.06%
MEDP	D	0.06%
BSY	F	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	C	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	F	0.06%
KELYA	F	0.06%
HALO	F	0.06%
BKD	F	0.06%
STBA	B	0.06%
ERIE	D	0.06%
EAF	C	0.06%
NBIX	C	0.06%
EXPI	D	0.06%
AAT	B	0.06%
SJW	F	0.05%
UIS	B	0.05%
LIVN	F	0.05%
ACCO	C	0.05%
VRTS	B	0.05%
CNDT	C	0.05%
AAL	B	0.05%
TRNO	F	0.05%
AY	A	0.05%
NTB	B	0.05%
HAYW	B	0.05%
CODI	B	0.05%
CHCO	B	0.05%
HTLD	C	0.05%
KLIC	B	0.05%
VRRM	F	0.05%
NOVT	D	0.05%
VSAT	F	0.05%
MRC	B	0.05%
VRE	B	0.05%
ICHR	C	0.05%
FOXF	F	0.05%
ALK	B	0.05%
EPRT	B	0.05%
DEA	D	0.05%
SXC	A	0.05%
PODD	C	0.05%
SNBR	F	0.05%
FBNC	B	0.05%
BRBR	A	0.05%
CCO	C	0.05%
AMRK	F	0.05%
CHEF	A	0.05%
CMCO	C	0.05%
PSTG	D	0.05%
ADUS	D	0.05%
SUPN	C	0.05%
MELI	C	0.05%
BV	C	0.05%
ESGR	B	0.05%
MODG	F	0.05%
CNMD	C	0.05%
AMCX	C	0.05%
SENEA	A	0.04%
ASIX	B	0.04%
OFG	B	0.04%
ALRM	C	0.04%
IPAR	B	0.04%
CARS	C	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	D	0.04%
PUMP	C	0.04%
RDNT	B	0.04%
IHRT	B	0.04%
CPS	C	0.04%
GLOB	B	0.04%
WFRD	D	0.04%
SFL	D	0.04%
GLNG	C	0.04%
RDUS	B	0.04%
ZUMZ	B	0.04%
GCO	C	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	C	0.04%
RGEN	D	0.04%
AGRO	D	0.04%
IVT	A	0.04%
PEN	B	0.04%
CMPR	D	0.04%
VTLE	C	0.04%
DXPE	C	0.04%
PARR	F	0.04%
ZI	D	0.04%
SNAP	D	0.04%
PRAA	D	0.04%
HLIO	B	0.04%
WING	D	0.04%
LNN	B	0.04%
VCTR	B	0.04%
HAIN	D	0.04%
NBR	C	0.04%
NOG	B	0.04%
LSCC	D	0.04%
W	D	0.04%
HZO	F	0.04%
JBSS	F	0.04%
BZH	C	0.04%
MATX	C	0.04%
NEOG	F	0.04%
LKFN	C	0.04%
CRGY	B	0.04%
LTC	B	0.04%
AZTA	D	0.04%
RNST	B	0.04%
CNXC	F	0.04%
GRBK	D	0.04%
COHU	C	0.04%
CMRE	C	0.03%
ASTH	F	0.03%
KNSL	B	0.03%
DAC	C	0.03%
USNA	C	0.03%
XP	F	0.03%
BBSI	B	0.03%
WRLD	C	0.03%
CRAI	C	0.03%
MYGN	F	0.03%
RWT	D	0.03%
PAGS	F	0.03%
CNNE	B	0.03%
ZIMV	D	0.03%
THRY	D	0.03%
GDEN	B	0.03%
VIR	D	0.03%
EVTC	B	0.03%
CVGW	D	0.03%
HMST	F	0.03%
HSII	B	0.03%
SBCF	B	0.03%
TKO	A	0.03%
AGM	B	0.03%
PRLB	B	0.03%
RGR	F	0.03%
ILPT	F	0.03%
UVE	B	0.03%
PEGA	B	0.03%
CPF	B	0.03%
SBLK	F	0.03%
MXL	C	0.03%
RMBS	B	0.03%
DT	D	0.03%
PRVA	C	0.03%
MP	C	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	C	0.03%
CBL	B	0.03%
VAL	F	0.03%
WTTR	A	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	C	0.03%
SGRY	F	0.03%
USM	B	0.03%
NUS	D	0.03%
SPSC	D	0.03%
STEP	C	0.03%
MNRO	D	0.03%
TRTX	C	0.03%
ACLS	F	0.03%
SNOW	B	0.03%
LYV	A	0.03%
NVRI	D	0.03%
EGBN	B	0.03%
ASTE	C	0.03%
VSEC	C	0.03%
BGS	F	0.03%
LPG	F	0.03%
PLCE	C	0.02%
GTY	A	0.02%
ARKO	C	0.02%
CTRN	F	0.02%
CLDT	B	0.02%
NPK	B	0.02%
BRY	F	0.02%
FIZZ	C	0.02%
CLOV	D	0.02%
AMBC	C	0.02%
CLVT	D	0.02%
ALTO	F	0.02%
IRWD	F	0.02%
BRSP	C	0.02%
RYAM	C	0.02%
KRNY	C	0.02%
CMP	C	0.02%
CCSI	C	0.02%
DAY	B	0.02%
ARCO	F	0.02%
DHIL	B	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	C	0.02%
KREF	C	0.02%
SRCE	B	0.02%
EDR	A	0.02%
ALKS	C	0.02%
CLB	B	0.02%
WABC	B	0.02%
HVT	D	0.02%
AVO	C	0.02%
HFWA	C	0.02%
MTW	C	0.02%
EBF	F	0.02%
MERC	F	0.02%
XPRO	D	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	C	0.02%
UFCS	A	0.02%
UTL	B	0.02%
HAFC	B	0.02%
MATW	C	0.02%
BJRI	C	0.02%
STNE	F	0.02%
WMG	D	0.02%
PFC	B	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	C	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	C	0.01%
SNEX	B	0.01%
LESL	D	0.01%
FBK	C	0.01%
LGND	C	0.01%
GPRO	F	0.01%
MBUU	B	0.01%
BHLB	B	0.01%
PKST	F	0.01%
KE	C	0.01%
HLNE	B	0.01%
AVD	C	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	D	0.01%
BMBL	C	0.01%
PETS	C	0.01%
CENT	C	0.01%
MED	D	0.01%
CCRN	F	0.01%
FLGT	F	0.01%
MOV	D	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	B	0.01%
AGL	F	0.01%
DIN	C	0.01%
VREX	B	0.01%
WOLF	F	0.01%
TITN	C	0.01%
RGP	F	0.01%
USPH	B	0.01%
OIS	B	0.01%
FLWS	D	0.01%
PLOW	D	0.01%
MEI	F	0.01%
CHGG	C	0.0%
EVH	F	0.0%
PCRX	C	0.0%
MGPI	F	0.0%
ALGM	D	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	F	0.0%
SPWH	F	0.0%
DNUT	F	0.0%
HAYN	A	0.0%
ONEW	F	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	B	0.0%
LXU	B	0.0%
TBBK	B	0.0%
AOSL	C	0.0%
NR	B	0.0%
CRVL	B	0.0%
NIC	B	0.0%
PFBC	B	0.0%

FNDA Underweight 193 Positions Relative to SPDG

Symbol	Grade	Weight
AVGO	D	-9.3%
VZ	C	-7.54%
HD	B	-4.14%
ORCL	A	-3.47%
CSCO	B	-2.63%
ACN	B	-2.57%
UNH	B	-2.35%
IBM	C	-2.33%
TXN	C	-2.27%
QCOM	F	-2.22%
MCD	D	-2.13%
GS	A	-1.87%
XOM	B	-1.84%
LOW	C	-1.56%
MS	A	-1.55%
JNJ	C	-1.53%
C	A	-1.39%
ABBV	F	-1.27%
KO	D	-1.26%
ADI	D	-1.25%
SBUX	A	-1.15%
MRK	D	-1.09%
PEP	F	-1.06%
CVX	A	-0.94%
PM	B	-0.92%
PNC	B	-0.86%
ABT	B	-0.83%
CAT	B	-0.81%
USB	A	-0.79%
TFC	A	-0.66%
UNP	C	-0.66%
AMGN	F	-0.64%
HON	C	-0.64%
ETN	A	-0.59%
APD	A	-0.59%
PFE	F	-0.59%
BK	A	-0.58%
O	C	-0.55%
CCI	C	-0.54%
LMT	D	-0.51%
MET	A	-0.51%
ADP	A	-0.5%
MO	A	-0.48%
SO	C	-0.47%
BMY	B	-0.47%
PRU	A	-0.47%
MDT	D	-0.46%
DE	B	-0.45%
MCHP	F	-0.44%
DUK	C	-0.43%
HPQ	B	-0.43%
IPG	D	-0.43%
GILD	C	-0.43%
UPS	C	-0.42%
CI	D	-0.41%
GLW	B	-0.41%
PH	A	-0.39%
TGT	F	-0.37%
MTB	A	-0.35%
GRMN	B	-0.35%
HPE	B	-0.35%
WM	B	-0.34%
ITW	B	-0.33%
CVS	D	-0.33%
FITB	B	-0.33%
GD	D	-0.32%
EMR	B	-0.32%
TSCO	D	-0.31%
STT	B	-0.3%
NTAP	C	-0.3%
NOC	D	-0.29%
FDX	B	-0.29%
EQR	C	-0.28%
AEP	C	-0.27%
BDX	F	-0.27%
TROW	B	-0.27%
STX	C	-0.26%
PPG	F	-0.26%
HBAN	A	-0.26%
CINF	A	-0.25%
RF	A	-0.25%
NSC	B	-0.25%
KMB	C	-0.24%
KVUE	A	-0.23%
GPC	D	-0.22%
CFG	B	-0.22%
OKE	A	-0.22%
CMI	A	-0.21%
MAA	B	-0.21%
NTRS	A	-0.21%
EXC	C	-0.2%
PSX	C	-0.2%
LYB	F	-0.2%
KEY	B	-0.19%
GIS	D	-0.19%
PFG	D	-0.19%
NXST	C	-0.19%
FAST	B	-0.19%
BBY	D	-0.19%
LHX	C	-0.19%
SYY	D	-0.19%
RSG	A	-0.18%
PAYX	B	-0.18%
EIX	B	-0.17%
VLO	C	-0.17%
SWKS	F	-0.17%
KMI	A	-0.17%
FNF	B	-0.17%
PKG	A	-0.17%
AVY	F	-0.15%
UDR	B	-0.15%
ETR	B	-0.15%
WEC	A	-0.15%
ROK	C	-0.14%
CF	A	-0.14%
RPM	A	-0.14%
JNPR	D	-0.14%
AMCR	C	-0.13%
BXP	C	-0.12%
CAH	B	-0.12%
JEF	A	-0.12%
DOV	A	-0.12%
UNM	A	-0.12%
DKS	D	-0.12%
CLX	A	-0.11%
FHN	A	-0.11%
K	A	-0.11%
ALLY	C	-0.11%
FE	C	-0.11%
EMN	C	-0.11%
ES	C	-0.11%
BR	A	-0.11%
ORI	A	-0.1%
HUBB	B	-0.1%
WSO	A	-0.09%
CMA	B	-0.09%
LDOS	C	-0.09%
HAS	D	-0.09%
TSN	B	-0.09%
SNV	C	-0.08%
ZION	B	-0.08%
WHR	B	-0.07%
STWD	C	-0.07%
OC	A	-0.07%
CAG	F	-0.07%
BEN	C	-0.07%
CE	F	-0.07%
BAX	F	-0.07%
GPK	C	-0.07%
SNA	A	-0.07%
EVRG	A	-0.07%
FAF	A	-0.07%
DGX	A	-0.07%
MAS	D	-0.07%
AVT	C	-0.06%
CHRW	B	-0.06%
JHG	B	-0.06%
SJM	D	-0.06%
LNC	C	-0.06%
SWK	D	-0.06%
FMC	D	-0.06%
LECO	C	-0.05%
ALLE	C	-0.05%
PNW	A	-0.05%
NVT	B	-0.05%
HII	F	-0.04%
DCI	B	-0.04%
TTC	C	-0.04%
PII	F	-0.04%
INGR	C	-0.04%
WU	F	-0.04%
SON	F	-0.04%
AOS	F	-0.04%
HRL	D	-0.04%
OGE	A	-0.04%
SEE	C	-0.04%
CPB	D	-0.04%
CC	C	-0.03%
UGI	C	-0.03%
OSK	C	-0.03%
NFG	A	-0.03%
RHI	C	-0.03%
R	B	-0.03%
XRAY	F	-0.02%
OGN	F	-0.02%
TKR	D	-0.02%
FLO	D	-0.02%
POR	C	-0.02%
WERN	C	-0.01%
NAVI	F	-0.01%
MAN	F	-0.01%
ABM	B	-0.01%
PRGO	C	-0.01%