FNDB vs. VFVA ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to Vanguard Wellington Fund ETF (VFVA)

FNDB

Schwab Fundamental U.S. Broad Market Index ETF

FNDB Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Index. To pursue its goal, the fund generally invests in stocks that are included in the Russell Fundamental U.S. 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

$70.22

Average Daily Volume

30,591

Number of Holdings ^*

1663

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$120.32

Average Daily Volume

25,499

Number of Holdings ^*

556

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	VFVA
30 Days	2.67%	1.30%
60 Days	4.10%	-0.28%
90 Days	7.53%	7.02%
12 Months	29.32%	22.75%

496 Overlapping Holdings

Symbol	Grade	Weight in FNDB	Weight in VFVA	Overlap
AAL	D	0.01%	0.08%	0.01%
AAP	F	0.02%	0.14%	0.02%
ABCB	C	0.01%	0.15%	0.01%
ABG	D	0.02%	0.16%	0.02%
ACCO	C	0.0%	0.07%	0.0%
ACGL	B	0.04%	0.2%	0.04%
ADM	D	0.21%	0.44%	0.21%
ADNT	D	0.01%	0.16%	0.01%
AFL	A	0.2%	0.1%	0.1%
AGCO	D	0.03%	0.15%	0.03%
AHCO	C	0.0%	0.17%	0.0%
AIG	D	0.26%	0.58%	0.26%
AL	C	0.02%	0.53%	0.02%
ALGT	D	0.0%	0.26%	0.0%
ALIT	D	0.0%	0.06%	0.0%
ALK	B	0.01%	0.21%	0.01%
ALL	C	0.27%	0.19%	0.19%
ALLY	F	0.09%	0.32%	0.09%
ALSN	B	0.04%	0.14%	0.04%
AMCX	F	0.01%	0.11%	0.01%
AMG	C	0.03%	0.2%	0.03%
AMKR	F	0.01%	0.13%	0.01%
AMR	D	0.01%	0.05%	0.01%
AMWD	C	0.01%	0.05%	0.01%
ANDE	D	0.01%	0.11%	0.01%
APA	F	0.03%	0.05%	0.03%
AR	C	0.02%	0.05%	0.02%
ARCB	D	0.01%	0.04%	0.01%
ARCH	D	0.01%	0.13%	0.01%
ARW	B	0.08%	0.18%	0.08%
ASB	D	0.01%	0.14%	0.01%
ASGN	D	0.02%	0.06%	0.02%
ASIX	B	0.0%	0.1%	0.0%
ASO	D	0.02%	0.15%	0.02%
ATGE	C	0.01%	0.14%	0.01%
ATKR	F	0.01%	0.04%	0.01%
ATSG	C	0.0%	0.16%	0.0%
AUB	D	0.0%	0.12%	0.0%
AVT	B	0.07%	0.19%	0.07%
AX	D	0.01%	0.09%	0.01%
AXL	F	0.01%	0.13%	0.01%
AXS	B	0.01%	0.26%	0.01%
AZO	B	0.05%	0.28%	0.05%
BAC	D	1.15%	0.88%	0.88%
BANR	C	0.01%	0.08%	0.01%
BBWI	D	0.02%	0.2%	0.02%
BC	C	0.03%	0.07%	0.03%
BCC	C	0.03%	0.02%	0.02%
BDX	D	0.1%	0.15%	0.1%
BEN	F	0.04%	0.06%	0.04%
BERY	B	0.04%	0.37%	0.04%
BG	F	0.1%	0.26%	0.1%
BGS	D	0.01%	0.17%	0.01%
BK	B	0.25%	0.47%	0.25%
BKU	D	0.02%	0.16%	0.02%
BLDR	C	0.04%	0.06%	0.04%
BMBL	F	0.0%	0.1%	0.0%
BMY	C	0.33%	0.76%	0.33%
BOKF	C	0.01%	0.08%	0.01%
BPOP	C	0.03%	0.07%	0.03%
BRKL	C	0.0%	0.06%	0.0%
BRY	F	0.0%	0.15%	0.0%
BTU	C	0.02%	0.14%	0.02%
BUSE	D	0.0%	0.13%	0.0%
BV	C	0.01%	0.09%	0.01%
BWA	C	0.04%	0.19%	0.04%
BXC	D	0.0%	0.15%	0.0%
BYD	C	0.01%	0.18%	0.01%
BZH	B	0.0%	0.15%	0.0%
C	C	1.02%	0.84%	0.84%
CABO	F	0.01%	0.13%	0.01%
CADE	C	0.01%	0.16%	0.01%
CAG	B	0.06%	0.28%	0.06%
CAH	C	0.07%	0.34%	0.07%
CAL	F	0.0%	0.07%	0.0%
CATY	C	0.01%	0.09%	0.01%
CB	B	0.26%	0.49%	0.26%
CC	D	0.02%	0.03%	0.02%
CCRN	F	0.0%	0.06%	0.0%
CCS	C	0.02%	0.2%	0.02%
CCSI	C	0.0%	0.18%	0.0%
CE	D	0.05%	0.33%	0.05%
CEIX	C	0.01%	0.11%	0.01%
CF	B	0.06%	0.11%	0.06%
CFFN	D	0.0%	0.05%	0.0%
CFG	D	0.1%	0.18%	0.1%
CFR	C	0.01%	0.03%	0.01%
CG	C	0.03%	0.04%	0.03%
CHRD	F	0.01%	0.26%	0.01%
CI	C	0.49%	0.67%	0.49%
CIVI	F	0.01%	0.18%	0.01%
CLF	F	0.02%	0.2%	0.02%
CLW	F	0.0%	0.2%	0.0%
CMA	C	0.06%	0.14%	0.06%
CMC	D	0.03%	0.15%	0.03%
CMCSA	C	0.69%	0.98%	0.69%
CMRE	C	0.0%	0.1%	0.0%
CNA	D	0.01%	0.09%	0.01%
CNC	D	0.23%	0.17%	0.17%
CNDT	C	0.0%	0.05%	0.0%
CNO	C	0.04%	0.04%	0.04%
CNOB	C	0.0%	0.06%	0.0%
CNXC	F	0.01%	0.27%	0.01%
COF	B	0.39%	0.69%	0.39%
COHR	C	0.01%	0.11%	0.01%
COLB	B	0.01%	0.29%	0.01%
COMM	C	0.02%	0.12%	0.02%
COOP	C	0.01%	0.13%	0.01%
COP	F	0.4%	0.54%	0.4%
CRBG	C	0.03%	0.02%	0.02%
CRC	C	0.01%	0.17%	0.01%
CRGY	D	0.0%	0.12%	0.0%
CROX	C	0.01%	0.07%	0.01%
CSCO	B	0.69%	0.14%	0.14%
CTRA	F	0.01%	0.24%	0.01%
CUBI	F	0.0%	0.15%	0.0%
CVS	D	0.61%	1.02%	0.61%
CVX	F	1.01%	0.77%	0.77%
CWK	B	0.01%	0.07%	0.01%
CXW	F	0.01%	0.08%	0.01%
DAL	C	0.02%	0.21%	0.02%
DAN	D	0.01%	0.16%	0.01%
DAR	F	0.02%	0.19%	0.02%
DBX	C	0.01%	0.09%	0.01%
DE	A	0.21%	0.08%	0.08%
DENN	D	0.0%	0.03%	0.0%
DGX	B	0.07%	0.04%	0.04%
DHI	C	0.18%	0.26%	0.18%
DHT	C	0.0%	0.14%	0.0%
DIN	D	0.0%	0.21%	0.0%
DINO	F	0.05%	0.21%	0.05%
DK	F	0.01%	0.05%	0.01%
DLX	F	0.01%	0.15%	0.01%
DNB	D	0.01%	0.05%	0.01%
DOLE	B	0.01%	0.1%	0.01%
DOW	C	0.18%	0.2%	0.18%
DTM	C	0.01%	0.17%	0.01%
DVN	F	0.08%	0.02%	0.02%
DXC	D	0.05%	0.23%	0.05%
DXPE	C	0.0%	0.07%	0.0%
EAT	C	0.01%	0.18%	0.01%
EBAY	B	0.17%	0.04%	0.04%
EBC	C	0.0%	0.12%	0.0%
EFSC	D	0.0%	0.2%	0.0%
EG	B	0.02%	0.12%	0.02%
EGBN	D	0.0%	0.13%	0.0%
EIG	C	0.01%	0.02%	0.01%
ELAN	D	0.01%	0.15%	0.01%
ELV	D	0.45%	0.08%	0.08%
EMBC	D	0.01%	0.07%	0.01%
EMN	B	0.08%	0.09%	0.08%
ENS	C	0.01%	0.03%	0.01%
ENVA	C	0.01%	0.04%	0.01%
EOG	D	0.2%	0.65%	0.2%
EPC	F	0.01%	0.03%	0.01%
EQH	C	0.04%	0.08%	0.04%
EQT	C	0.04%	0.11%	0.04%
ESGR	D	0.01%	0.24%	0.01%
ESI	C	0.01%	0.03%	0.01%
ESNT	B	0.01%	0.44%	0.01%
EVRI	B	0.0%	0.11%	0.0%
EWBC	C	0.03%	0.08%	0.03%
F	F	0.29%	0.99%	0.29%
FAF	B	0.04%	0.07%	0.04%
FANG	F	0.04%	0.39%	0.04%
FBNC	C	0.0%	0.04%	0.0%
FCF	D	0.0%	0.11%	0.0%
FCNCA	D	0.02%	0.13%	0.02%
FCX	C	0.13%	0.44%	0.13%
FDP	C	0.01%	0.09%	0.01%
FDX	D	0.26%	1.09%	0.26%
FFBC	D	0.01%	0.2%	0.01%
FHN	D	0.03%	0.18%	0.03%
FIBK	C	0.01%	0.07%	0.01%
FIS	C	0.12%	0.25%	0.12%
FNB	D	0.01%	0.21%	0.01%
FNF	B	0.06%	0.13%	0.06%
FOXF	F	0.0%	0.04%	0.0%
FRME	D	0.01%	0.08%	0.01%
FULT	D	0.01%	0.15%	0.01%
FWRD	D	0.01%	0.09%	0.01%
GATX	D	0.02%	0.05%	0.02%
GBX	D	0.01%	0.02%	0.01%
GCO	F	0.0%	0.05%	0.0%
GD	C	0.21%	0.28%	0.21%
GDOT	D	0.0%	0.1%	0.0%
GEF	C	0.01%	0.05%	0.01%
GHC	B	0.01%	0.05%	0.01%
GIII	D	0.01%	0.15%	0.01%
GILD	B	0.32%	0.58%	0.32%
GIS	B	0.12%	0.19%	0.12%
GL	D	0.03%	0.07%	0.03%
GLNG	B	0.0%	0.17%	0.0%
GM	C	0.66%	1.11%	0.66%
GNK	C	0.0%	0.19%	0.0%
GNW	C	0.03%	0.12%	0.03%
GOOG	D	1.01%	0.07%	0.07%
GPI	B	0.05%	0.17%	0.05%
GPK	C	0.03%	0.06%	0.03%
GPN	D	0.07%	0.02%	0.02%
GRBK	B	0.0%	0.1%	0.0%
GS	B	0.53%	0.46%	0.46%
GT	F	0.03%	0.2%	0.03%
GTES	C	0.01%	0.3%	0.01%
GTN	D	0.0%	0.17%	0.0%
HAFC	D	0.0%	0.07%	0.0%
HAIN	C	0.01%	0.15%	0.01%
HBAN	B	0.06%	0.07%	0.06%
HBI	A	0.03%	0.1%	0.03%
HCA	B	0.24%	0.69%	0.24%
HCC	D	0.02%	0.08%	0.02%
HFWA	D	0.0%	0.08%	0.0%
HGV	F	0.01%	0.04%	0.01%
HIG	B	0.14%	0.07%	0.07%
HII	F	0.04%	0.11%	0.04%
HLF	F	0.01%	0.14%	0.01%
HLX	D	0.01%	0.14%	0.01%
HOG	C	0.02%	0.17%	0.02%
HOMB	D	0.0%	0.02%	0.0%
HOPE	D	0.01%	0.17%	0.01%
HOV	D	0.0%	0.1%	0.0%
HPE	C	0.18%	0.27%	0.18%
HPQ	C	0.19%	0.5%	0.19%
HRB	C	0.02%	0.17%	0.02%
HRI	C	0.01%	0.11%	0.01%
HUBG	C	0.02%	0.04%	0.02%
HUM	F	0.18%	0.27%	0.18%
HVT	F	0.0%	0.05%	0.0%
HWC	D	0.01%	0.2%	0.01%
IART	F	0.0%	0.04%	0.0%
IBM	B	0.57%	0.16%	0.16%
IMKTA	D	0.01%	0.15%	0.01%
INDB	D	0.0%	0.06%	0.0%
INGR	B	0.04%	0.16%	0.04%
INSW	C	0.0%	0.31%	0.0%
INTC	D	0.61%	0.25%	0.25%
IP	C	0.14%	0.02%	0.02%
IRWD	F	0.0%	0.14%	0.0%
IVZ	B	0.04%	0.18%	0.04%
JACK	F	0.01%	0.18%	0.01%
JAZZ	D	0.02%	0.16%	0.02%
JEF	C	0.05%	0.23%	0.05%
JELD	D	0.01%	0.08%	0.01%
JHG	B	0.03%	0.07%	0.03%
JLL	B	0.08%	0.14%	0.08%
JNJ	C	0.9%	0.19%	0.19%
JPM	D	1.8%	0.64%	0.64%
JRVR	F	0.0%	0.13%	0.0%
JXN	B	0.04%	0.09%	0.04%
KBH	C	0.03%	0.23%	0.03%
KELYA	D	0.01%	0.05%	0.01%
KEY	C	0.09%	0.18%	0.09%
KFY	C	0.02%	0.07%	0.02%
KHC	C	0.1%	0.21%	0.1%
KMI	C	0.18%	0.11%	0.11%
KNX	C	0.04%	0.2%	0.04%
KOP	F	0.0%	0.13%	0.0%
KOS	F	0.01%	0.06%	0.01%
KR	B	0.27%	0.22%	0.22%
LBRT	F	0.01%	0.06%	0.01%
LEA	D	0.05%	0.16%	0.05%
LEG	D	0.01%	0.21%	0.01%
LEN	B	0.17%	0.26%	0.17%
LEN	B	0.17%	0.21%	0.17%
LILAK	D	0.02%	0.22%	0.02%
LKQ	F	0.05%	0.08%	0.05%
LNC	C	0.05%	0.35%	0.05%
LPG	F	0.0%	0.07%	0.0%
LYB	D	0.14%	0.33%	0.14%
LZB	C	0.01%	0.16%	0.01%
M	F	0.05%	0.19%	0.05%
MAN	C	0.05%	0.13%	0.05%
MATV	D	0.01%	0.08%	0.01%
MATW	F	0.0%	0.05%	0.0%
MATX	B	0.01%	0.33%	0.01%
MCK	F	0.09%	0.48%	0.09%
MD	C	0.01%	0.15%	0.01%
MDT	B	0.25%	0.41%	0.25%
MDU	B	0.02%	0.18%	0.02%
MED	F	0.0%	0.02%	0.0%
MET	B	0.25%	0.49%	0.25%
MHK	B	0.07%	0.4%	0.07%
MHO	B	0.02%	0.15%	0.02%
MKL	C	0.04%	0.04%	0.04%
MLI	B	0.03%	0.19%	0.03%
MLKN	F	0.01%	0.09%	0.01%
MMM	B	0.37%	0.06%	0.06%
MO	C	0.33%	1.17%	0.33%
MOS	F	0.05%	0.19%	0.05%
MOV	F	0.0%	0.05%	0.0%
MPC	F	0.38%	0.7%	0.38%
MS	B	0.33%	0.34%	0.33%
MTB	C	0.09%	0.18%	0.09%
MTDR	F	0.01%	0.17%	0.01%
MTG	B	0.02%	0.3%	0.02%
MTH	C	0.03%	0.21%	0.03%
MTUS	F	0.0%	0.09%	0.0%
MTW	F	0.0%	0.08%	0.0%
MUR	F	0.02%	0.21%	0.02%
NAVI	D	0.02%	0.14%	0.02%
NBTB	D	0.01%	0.08%	0.01%
NIC	D	0.0%	0.07%	0.0%
NMIH	C	0.01%	0.07%	0.01%
NMRK	B	0.01%	0.14%	0.01%
NNI	C	0.0%	0.09%	0.0%
NOG	F	0.0%	0.08%	0.0%
NTB	D	0.0%	0.1%	0.0%
NTCT	C	0.01%	0.07%	0.01%
NUE	D	0.17%	0.63%	0.17%
NUS	F	0.0%	0.14%	0.0%
NVST	D	0.01%	0.16%	0.01%
NWBI	D	0.01%	0.08%	0.01%
NWL	C	0.03%	0.21%	0.03%
NWSA	D	0.04%	0.18%	0.04%
NX	F	0.0%	0.1%	0.0%
NXST	D	0.03%	0.06%	0.03%
OC	C	0.06%	0.08%	0.06%
OCFC	B	0.0%	0.2%	0.0%
ODP	F	0.01%	0.1%	0.01%
OFG	C	0.0%	0.06%	0.0%
OGN	D	0.06%	0.23%	0.06%
OI	D	0.02%	0.23%	0.02%
OIS	F	0.0%	0.06%	0.0%
OLN	D	0.03%	0.15%	0.03%
OMCL	C	0.01%	0.07%	0.01%
OMF	D	0.05%	0.14%	0.05%
OMI	D	0.01%	0.11%	0.01%
ONB	D	0.01%	0.27%	0.01%
ORI	B	0.04%	0.13%	0.04%
OVV	F	0.04%	0.2%	0.04%
OXM	F	0.0%	0.02%	0.0%
OXY	F	0.1%	0.54%	0.1%
OZK	F	0.01%	0.13%	0.01%
PAGS	F	0.0%	0.11%	0.0%
PARR	F	0.0%	0.15%	0.0%
PATK	C	0.01%	0.12%	0.01%
PB	D	0.02%	0.17%	0.02%
PBF	F	0.03%	0.36%	0.03%
PCAR	D	0.12%	0.08%	0.08%
PCRX	F	0.0%	0.06%	0.0%
PENN	D	0.02%	0.07%	0.02%
PFC	D	0.0%	0.07%	0.0%
PFE	D	0.68%	0.65%	0.65%
PFG	B	0.08%	0.06%	0.06%
PFS	C	0.01%	0.15%	0.01%
PFSI	C	0.01%	0.05%	0.01%
PHIN	C	0.01%	0.1%	0.01%
PHM	B	0.12%	0.33%	0.12%
PINC	D	0.01%	0.15%	0.01%
PLAB	D	0.0%	0.05%	0.0%
PM	C	0.45%	0.13%	0.13%
PNC	C	0.27%	0.31%	0.27%
PNFP	C	0.01%	0.1%	0.01%
PPBI	D	0.01%	0.11%	0.01%
PPC	D	0.01%	0.05%	0.01%
PR	F	0.0%	0.14%	0.0%
PRDO	D	0.01%	0.34%	0.01%
PRGO	F	0.02%	0.2%	0.02%
PRU	C	0.22%	0.45%	0.22%
PSX	F	0.34%	0.86%	0.34%
PTEN	F	0.01%	0.17%	0.01%
PUMP	F	0.0%	0.14%	0.0%
PVH	D	0.04%	0.17%	0.04%
PYPL	B	0.18%	0.2%	0.18%
QCOM	D	0.43%	0.07%	0.07%
QRVO	F	0.04%	0.15%	0.04%
R	C	0.06%	0.41%	0.06%
RDN	D	0.02%	0.28%	0.02%
RDUS	D	0.0%	0.04%	0.0%
REVG	D	0.01%	0.09%	0.01%
REX	D	0.0%	0.05%	0.0%
REZI	D	0.02%	0.16%	0.02%
RF	B	0.07%	0.11%	0.07%
RGA	C	0.04%	0.05%	0.04%
RGP	F	0.0%	0.07%	0.0%
RJF	C	0.04%	0.09%	0.04%
RNG	F	0.01%	0.15%	0.01%
RNR	B	0.01%	0.14%	0.01%
RNST	D	0.0%	0.15%	0.0%
RPRX	C	0.01%	0.19%	0.01%
RRC	D	0.01%	0.06%	0.01%
RRX	C	0.03%	0.11%	0.03%
RS	D	0.07%	0.02%	0.02%
RTX	B	0.33%	0.13%	0.13%
RUSHA	C	0.02%	0.06%	0.02%
RYAM	C	0.0%	0.02%	0.0%
RYI	F	0.01%	0.1%	0.01%
SAIC	C	0.02%	0.1%	0.02%
SANM	D	0.03%	0.08%	0.03%
SASR	C	0.01%	0.09%	0.01%
SBH	B	0.01%	0.14%	0.01%
SCHL	D	0.01%	0.09%	0.01%
SCHW	D	0.1%	0.12%	0.1%
SCSC	D	0.01%	0.09%	0.01%
SCVL	C	0.0%	0.03%	0.0%
SEB	D	0.0%	0.17%	0.0%
SF	B	0.02%	0.14%	0.02%
SFL	D	0.0%	0.1%	0.0%
SFNC	C	0.01%	0.04%	0.01%
SIG	C	0.02%	0.18%	0.02%
SKYW	C	0.01%	0.18%	0.01%
SLB	F	0.11%	0.28%	0.11%
SLM	C	0.03%	0.04%	0.03%
SLVM	C	0.02%	0.17%	0.02%
SM	F	0.02%	0.27%	0.02%
SMP	D	0.0%	0.06%	0.0%
SNDR	B	0.01%	0.16%	0.01%
SNEX	C	0.0%	0.07%	0.0%
SNV	D	0.02%	0.24%	0.02%
SNX	C	0.02%	0.19%	0.02%
SON	D	0.02%	0.15%	0.02%
SPTN	C	0.01%	0.12%	0.01%
SRCE	D	0.0%	0.08%	0.0%
SSB	C	0.0%	0.1%	0.0%
SSNC	C	0.04%	0.07%	0.04%
SSP	F	0.0%	0.07%	0.0%
ST	D	0.02%	0.18%	0.02%
STBA	D	0.0%	0.23%	0.0%
STC	C	0.01%	0.12%	0.01%
STLD	C	0.09%	0.16%	0.09%
STNE	F	0.0%	0.03%	0.0%
STNG	D	0.0%	0.25%	0.0%
STT	B	0.09%	0.02%	0.02%
SXC	F	0.0%	0.1%	0.0%
SYF	C	0.27%	0.4%	0.27%
T	B	1.23%	1.09%	1.09%
TALO	F	0.0%	0.05%	0.0%
TAP	D	0.04%	0.3%	0.04%
TCBK	D	0.0%	0.09%	0.0%
TDS	B	0.04%	0.18%	0.04%
TEX	F	0.01%	0.13%	0.01%
TFC	D	0.21%	0.83%	0.21%
TGNA	C	0.02%	0.2%	0.02%
TGT	C	0.35%	0.12%	0.12%
THG	C	0.02%	0.04%	0.02%
TITN	F	0.0%	0.06%	0.0%
TK	C	0.0%	0.05%	0.0%
TKR	C	0.02%	0.1%	0.02%
TMHC	B	0.04%	0.3%	0.04%
TMUS	B	0.21%	0.29%	0.21%
TNK	D	0.0%	0.26%	0.0%
TNL	C	0.02%	0.23%	0.02%
TOL	A	0.05%	0.16%	0.05%
TOWN	D	0.01%	0.13%	0.01%
TPC	C	0.02%	0.13%	0.02%
TPH	C	0.03%	0.23%	0.03%
TPR	A	0.04%	0.04%	0.04%
TRMK	D	0.01%	0.13%	0.01%
TROX	D	0.01%	0.24%	0.01%
TRV	C	0.28%	0.47%	0.28%
TTEC	F	0.0%	0.05%	0.0%
TTMI	D	0.01%	0.31%	0.01%
TWI	D	0.0%	0.12%	0.0%
TXT	D	0.06%	0.1%	0.06%
UAL	B	0.02%	0.29%	0.02%
UBSI	D	0.01%	0.08%	0.01%
UCBI	B	0.01%	0.02%	0.01%
UFPI	C	0.03%	0.11%	0.03%
UHAL	B	0.02%	0.21%	0.02%
UHS	C	0.1%	0.18%	0.1%
UIS	C	0.0%	0.03%	0.0%
UNFI	B	0.02%	0.16%	0.02%
UNM	B	0.05%	0.39%	0.05%
USB	C	0.29%	0.69%	0.29%
UTHR	B	0.02%	0.23%	0.02%
UVE	C	0.0%	0.09%	0.0%
UVV	D	0.01%	0.04%	0.01%
VAC	D	0.01%	0.1%	0.01%
VBTX	C	0.0%	0.13%	0.0%
VGR	C	0.01%	0.12%	0.01%
VLO	F	0.35%	0.86%	0.35%
VLY	D	0.01%	0.19%	0.01%
VREX	F	0.0%	0.02%	0.0%
VRNT	F	0.0%	0.05%	0.0%
VSH	F	0.01%	0.09%	0.01%
VTRS	D	0.08%	0.23%	0.08%
VZ	A	1.2%	0.99%	0.99%
WAFD	D	0.01%	0.19%	0.01%
WAL	B	0.02%	0.15%	0.02%
WBS	C	0.01%	0.25%	0.01%
WCC	C	0.03%	0.15%	0.03%
WERN	C	0.02%	0.04%	0.02%
WFC	D	1.05%	0.74%	0.74%
WMB	C	0.13%	0.36%	0.13%
WMK	D	0.01%	0.03%	0.01%
WNC	F	0.01%	0.08%	0.01%
WSBC	D	0.01%	0.16%	0.01%
WTTR	D	0.0%	0.03%	0.0%
WWW	A	0.01%	0.22%	0.01%
XOM	D	1.79%	0.68%	0.68%
XRAY	D	0.02%	0.06%	0.02%
XRX	D	0.02%	0.13%	0.02%
ZD	D	0.01%	0.15%	0.01%
ZEUS	F	0.0%	0.04%	0.0%
ZIMV	F	0.0%	0.02%	0.0%
ZION	D	0.05%	0.16%	0.05%

FNDB Overweight 1168 Positions Relative to VFVA

Symbol	Grade	Weight
AAPL	C	4.18%
MSFT	C	2.34%
BRK.A	C	2.09%
META	B	1.78%
WMT	B	1.35%
AMZN	C	1.31%
GOOGL	D	1.17%
UNH	C	1.1%
PG	C	0.76%
HD	B	0.73%
COST	C	0.66%
AVGO	C	0.64%
LUMN	C	0.57%
ABBV	B	0.54%
MRK	F	0.47%
AMGN	D	0.45%
ORCL	B	0.44%
PEP	D	0.4%
LOW	B	0.39%
KO	B	0.39%
CAT	B	0.38%
LMT	A	0.37%
AXP	B	0.35%
DIS	D	0.35%
UNP	D	0.35%
NVDA	C	0.34%
MU	D	0.33%
LIN	B	0.32%
TXN	B	0.32%
DUK	B	0.31%
HON	C	0.31%
V	C	0.31%
MCD	B	0.31%
ACN	C	0.3%
ABT	C	0.3%
CHTR	D	0.28%
MA	B	0.26%
NEE	B	0.26%
SO	B	0.26%
TMO	B	0.26%
LLY	D	0.24%
AMAT	D	0.24%
SBUX	C	0.24%
PGR	C	0.24%
BLK	B	0.24%
UPS	D	0.23%
MDLZ	C	0.21%
DFS	C	0.21%
ETN	C	0.21%
TJX	C	0.21%
NOC	B	0.2%
CSX	C	0.2%
BKNG	B	0.19%
ADBE	F	0.18%
TSN	D	0.18%
NKE	D	0.18%
NEM	C	0.18%
NSC	C	0.18%
AEP	C	0.17%
DD	B	0.17%
BBY	A	0.17%
D	C	0.17%
TSLA	C	0.17%
GE	C	0.17%
CMI	B	0.16%
EXC	B	0.16%
CTSH	B	0.16%
LHX	C	0.15%
LRCX	D	0.15%
DHR	B	0.15%
BKR	C	0.14%
WM	D	0.14%
NFLX	B	0.14%
VST	B	0.14%
SPGI	C	0.14%
EMR	D	0.14%
JCI	B	0.14%
REGN	D	0.14%
CL	C	0.14%
CARR	B	0.13%
WDC	C	0.13%
AMT	C	0.13%
GLW	B	0.13%
ADP	C	0.13%
MMC	C	0.13%
ITW	B	0.13%
CBRE	B	0.12%
AMP	B	0.12%
OKE	C	0.12%
BA	F	0.12%
CEG	C	0.12%
FITB	B	0.12%
ED	B	0.12%
WBA	F	0.12%
URI	B	0.12%
ADI	C	0.12%
PPL	A	0.11%
TROW	C	0.11%
APD	B	0.11%
PEG	B	0.11%
BX	C	0.11%
PH	B	0.11%
CRM	C	0.11%
SRE	B	0.11%
AON	B	0.11%
KKR	B	0.11%
ICE	C	0.11%
SYK	C	0.11%
INTU	D	0.1%
CCI	C	0.1%
EIX	B	0.1%
WELL	C	0.1%
SPG	B	0.1%
TEL	D	0.1%
ETR	A	0.1%
KMB	C	0.1%
SW	B	0.1%
NRG	B	0.1%
XEL	B	0.1%
PARA	D	0.09%
WY	C	0.09%
AMD	C	0.09%
KLAC	D	0.09%
ORLY	B	0.09%
SYY	C	0.09%
FE	B	0.09%
STX	B	0.09%
BIIB	F	0.09%
BAX	C	0.08%
DTE	A	0.08%
IQV	D	0.08%
THC	C	0.08%
EQIX	B	0.08%
MRO	D	0.08%
WEC	B	0.08%
NTAP	D	0.08%
DG	F	0.08%
VTR	C	0.08%
ISRG	C	0.08%
CTAS	C	0.08%
ES	B	0.08%
CTVA	B	0.08%
SWK	B	0.08%
FOXA	B	0.08%
APH	C	0.08%
SHW	B	0.08%
ECL	B	0.08%
BSX	B	0.08%
TT	B	0.08%
GEHC	B	0.07%
STZ	C	0.07%
EVRG	B	0.07%
IRM	C	0.07%
VRTX	D	0.07%
USFD	C	0.07%
GWW	B	0.07%
CHRW	B	0.07%
LDOS	A	0.07%
NXPI	D	0.07%
YUM	B	0.07%
CME	B	0.07%
PLD	C	0.07%
DLR	B	0.07%
EA	D	0.07%
MCO	C	0.07%
TDG	B	0.07%
NVR	B	0.07%
ZTS	B	0.07%
X	F	0.07%
OMC	B	0.07%
MAR	B	0.07%
ROST	C	0.07%
PPG	C	0.07%
KDP	B	0.07%
A	C	0.06%
WAB	B	0.06%
HAL	F	0.06%
DOV	B	0.06%
PSA	C	0.06%
EME	B	0.06%
TRGP	C	0.06%
WBD	D	0.06%
VFC	B	0.06%
CMS	B	0.06%
BALL	C	0.06%
KSS	D	0.06%
KMX	D	0.06%
MSI	B	0.06%
HWM	B	0.06%
RSG	D	0.06%
FAST	C	0.06%
AES	C	0.06%
WTW	B	0.06%
DVA	B	0.06%
WHR	C	0.06%
AEE	B	0.06%
PWR	B	0.06%
NTRS	C	0.06%
CINF	C	0.06%
PKG	B	0.06%
K	A	0.06%
VNO	B	0.05%
KD	F	0.05%
CPAY	B	0.05%
L	D	0.05%
MOH	D	0.05%
CSL	B	0.05%
CASY	D	0.05%
LNG	D	0.05%
GEV	B	0.05%
ROK	D	0.05%
ROP	C	0.05%
JBL	C	0.05%
MCHP	D	0.05%
AN	C	0.05%
GPC	D	0.05%
PFGC	B	0.05%
BXP	C	0.05%
MGM	D	0.05%
AVB	C	0.05%
CCL	C	0.05%
JNPR	A	0.05%
WSM	C	0.05%
LAD	B	0.05%
J	A	0.05%
EQR	C	0.05%
CDW	D	0.05%
MAS	B	0.05%
SJM	C	0.05%
CNP	C	0.05%
FLEX	B	0.05%
IFF	A	0.05%
TSCO	B	0.05%
PAYX	C	0.05%
HLT	B	0.05%
DOX	C	0.04%
AYI	B	0.04%
CLX	C	0.04%
EXR	C	0.04%
FYBR	C	0.04%
ANET	C	0.04%
ATO	B	0.04%
GAP	F	0.04%
IPG	C	0.04%
UBER	C	0.04%
XYL	C	0.04%
THO	C	0.04%
CCK	B	0.04%
MNST	D	0.04%
SOLV	D	0.04%
AVY	C	0.04%
HSY	D	0.04%
JBHT	D	0.04%
O	B	0.04%
CHD	C	0.04%
VRSK	D	0.04%
GRMN	D	0.04%
HST	D	0.04%
EVR	B	0.04%
VMC	C	0.04%
HSIC	C	0.04%
MLM	D	0.04%
LNT	A	0.04%
HOLX	D	0.04%
MUSA	D	0.04%
APTV	D	0.04%
SNA	B	0.04%
ACM	B	0.04%
NI	B	0.04%
PNW	C	0.04%
ZBH	F	0.04%
AFG	C	0.04%
UGI	B	0.04%
ZIM	B	0.04%
TER	C	0.04%
AME	C	0.04%
DLTR	F	0.04%
HES	F	0.04%
DKS	D	0.04%
ODFL	D	0.04%
AWK	C	0.04%
SWKS	F	0.04%
SATS	C	0.04%
SFM	B	0.04%
AJG	D	0.04%
AA	C	0.04%
OTIS	B	0.04%
DRI	C	0.04%
MSCI	C	0.03%
FLR	D	0.03%
FTNT	B	0.03%
CIEN	B	0.03%
VOYA	B	0.03%
FMC	B	0.03%
AIZ	B	0.03%
KVUE	B	0.03%
PCG	C	0.03%
ITT	B	0.03%
INVH	D	0.03%
AER	C	0.03%
CHKP	B	0.03%
SWN	C	0.03%
EXPE	C	0.03%
TRU	B	0.03%
RL	B	0.03%
SNPS	F	0.03%
ULTA	D	0.03%
CDNS	D	0.03%
ADSK	B	0.03%
KIM	C	0.03%
ARMK	B	0.03%
DECK	C	0.03%
BURL	C	0.03%
STE	B	0.03%
OGE	B	0.03%
LII	C	0.03%
PANW	D	0.03%
IR	B	0.03%
CCEP	C	0.03%
ARE	C	0.03%
LVS	C	0.03%
RCL	B	0.03%
FFIV	B	0.03%
NDAQ	C	0.03%
KEYS	B	0.03%
HRL	F	0.03%
FTV	C	0.03%
IT	C	0.03%
RHI	D	0.03%
ANF	D	0.03%
CACI	B	0.03%
WSO	C	0.03%
OSK	F	0.03%
MTZ	C	0.03%
BR	C	0.03%
AKAM	D	0.03%
ESS	C	0.03%
MTD	C	0.03%
HUN	C	0.03%
RPM	B	0.03%
WRB	D	0.03%
WU	C	0.03%
DPZ	D	0.03%
MAA	C	0.03%
CPB	C	0.03%
CNH	C	0.03%
EW	F	0.03%
HUBB	B	0.03%
MRNA	F	0.03%
MRVL	D	0.03%
PNR	B	0.03%
BAH	B	0.03%
EFX	C	0.03%
HAS	B	0.03%
RMD	C	0.03%
CMG	D	0.03%
EL	D	0.03%
ON	D	0.03%
BAP	B	0.03%
WAT	B	0.03%
SLG	C	0.03%
FL	F	0.03%
DOC	B	0.03%
APO	B	0.03%
LPX	B	0.03%
ZBRA	B	0.03%
MKC	C	0.03%
CBOE	C	0.02%
WTRG	D	0.02%
VIRT	C	0.02%
SMG	B	0.02%
ELS	D	0.02%
AMCR	B	0.02%
DBRG	D	0.02%
VMI	C	0.02%
BWXT	A	0.02%
ICLR	F	0.02%
AWI	B	0.02%
RXO	D	0.02%
AVNT	B	0.02%
WLK	C	0.02%
KRC	C	0.02%
AGO	D	0.02%
SEM	D	0.02%
GEO	F	0.02%
Z	C	0.02%
SPR	D	0.02%
SCCO	C	0.02%
PLXS	B	0.02%
LNW	F	0.02%
BECN	F	0.02%
GVA	B	0.02%
LULU	D	0.02%
MIDD	C	0.02%
FCN	C	0.02%
GXO	D	0.02%
AIT	B	0.02%
LECO	D	0.02%
CRI	D	0.02%
BKH	B	0.02%
FIX	B	0.02%
CBT	B	0.02%
AGNC	B	0.02%
CHE	C	0.02%
BHE	C	0.02%
MOG.A	B	0.02%
HIW	C	0.02%
FLO	C	0.02%
SPB	B	0.02%
FRT	C	0.02%
ACI	F	0.02%
ANSS	D	0.02%
CZR	C	0.02%
DHC	C	0.02%
MKSI	F	0.02%
SQ	D	0.02%
TTEK	C	0.02%
AEO	D	0.02%
ALB	D	0.02%
CYH	C	0.02%
ALLE	B	0.02%
TTC	F	0.02%
MMS	B	0.02%
GNRC	D	0.02%
FLS	C	0.02%
POR	B	0.02%
XPO	D	0.02%
CHK	C	0.02%
HEI	C	0.02%
KBR	D	0.02%
WWD	C	0.02%
GGG	C	0.02%
VLTO	B	0.02%
TXRH	B	0.02%
NDSN	C	0.02%
SWX	C	0.02%
CAR	D	0.02%
NFG	B	0.02%
KMPR	D	0.02%
BLD	C	0.02%
GME	D	0.02%
SPOT	C	0.02%
EXPD	B	0.02%
GLPI	C	0.02%
TPX	B	0.02%
CRUS	D	0.02%
SBAC	C	0.02%
WPC	C	0.02%
NOW	C	0.02%
MAC	B	0.02%
PAG	D	0.02%
TFX	B	0.02%
POOL	C	0.02%
CLH	C	0.02%
PRG	C	0.02%
DCI	C	0.02%
MPW	C	0.02%
JKHY	B	0.02%
CRS	C	0.02%
POST	B	0.02%
ALGN	D	0.02%
NOV	F	0.02%
OHI	C	0.02%
STWD	B	0.02%
BJ	D	0.02%
NVT	C	0.02%
ABM	D	0.02%
LUV	C	0.02%
CTLT	B	0.02%
ATR	B	0.02%
AXTA	B	0.02%
COIN	F	0.02%
DY	C	0.02%
PRI	B	0.02%
IEX	C	0.02%
FTI	D	0.02%
SKX	C	0.02%
ALV	F	0.02%
TTWO	D	0.02%
QRTEA	F	0.02%
G	C	0.02%
CPT	C	0.02%
TDY	B	0.02%
VICI	C	0.02%
CPRT	D	0.02%
LSTR	D	0.02%
PII	D	0.02%
BRX	C	0.02%
REG	C	0.02%
SEIC	B	0.02%
CPRI	D	0.02%
BRO	C	0.02%
LAMR	B	0.02%
NSIT	C	0.02%
EHC	B	0.02%
JWN	C	0.02%
UDR	C	0.02%
EXP	B	0.02%
FSLR	C	0.02%
SEE	C	0.02%
IDXX	D	0.02%
CNX	B	0.02%
AOS	B	0.02%
PK	D	0.02%
SUI	C	0.02%
SCI	C	0.02%
GNTX	D	0.02%
LPLA	D	0.02%
GDDY	C	0.02%
TRMB	C	0.02%
ILMN	D	0.02%
AVTR	C	0.02%
FICO	B	0.02%
CW	B	0.02%
KAI	C	0.01%
POWI	F	0.01%
COMP	C	0.01%
HHH	C	0.01%
TTD	B	0.01%
CCOI	C	0.01%
UCTT	D	0.01%
CARG	C	0.01%
IRT	C	0.01%
KLG	D	0.01%
BLMN	F	0.01%
AAON	B	0.01%
HALO	D	0.01%
MGRC	D	0.01%
LADR	D	0.01%
CODI	C	0.01%
MTRN	D	0.01%
LGF.A	F	0.01%
AY	B	0.01%
MRC	D	0.01%
CBZ	F	0.01%
NSP	F	0.01%
ROIC	C	0.01%
ADC	C	0.01%
GWRE	B	0.01%
NTGR	D	0.01%
YETI	D	0.01%
KN	D	0.01%
CACC	F	0.01%
CCO	D	0.01%
HWKN	B	0.01%
VIAV	C	0.01%
VSAT	F	0.01%
CWT	D	0.01%
ROAD	C	0.01%
NVRI	D	0.01%
SYNA	D	0.01%
HTZ	F	0.01%
SAM	D	0.01%
PRK	D	0.01%
PEB	D	0.01%
GOLF	F	0.01%
NSA	C	0.01%
CNS	B	0.01%
CPNG	B	0.01%
HZO	C	0.01%
EXPO	B	0.01%
SAFT	D	0.01%
CSWI	B	0.01%
RRR	D	0.01%
KW	C	0.01%
BMRN	F	0.01%
HAE	D	0.01%
NWN	B	0.01%
CORT	B	0.01%
ONTO	C	0.01%
IBKR	B	0.01%
THRM	F	0.01%
ESE	B	0.01%
MGY	D	0.01%
MGEE	C	0.01%
OII	D	0.01%
JJSF	B	0.01%
REXR	C	0.01%
ARI	F	0.01%
CENTA	F	0.01%
TILE	C	0.01%
HCSG	D	0.01%
HI	F	0.01%
IBTX	C	0.01%
ENR	D	0.01%
AZEK	C	0.01%
KFRC	F	0.01%
ORA	B	0.01%
AKR	B	0.01%
FTDR	B	0.01%
RBC	B	0.01%
ROKU	D	0.01%
FBP	C	0.01%
ROCK	D	0.01%
TW	B	0.01%
MELI	C	0.01%
PINS	D	0.01%
CSTM	D	0.01%
FFIN	C	0.01%
LXP	C	0.01%
HELE	D	0.01%
BKD	D	0.01%
STRA	F	0.01%
BSIG	C	0.01%
OTTR	F	0.01%
VC	F	0.01%
HEES	D	0.01%
CVBF	D	0.01%
ENOV	F	0.01%
WSFS	D	0.01%
OLED	D	0.01%
CWEN	A	0.01%
JBT	C	0.01%
WOR	F	0.01%
STRL	C	0.01%
CNXN	B	0.01%
PMT	C	0.01%
ABR	B	0.01%
GNL	D	0.01%
NGVT	D	0.01%
MMSI	C	0.01%
OSIS	C	0.01%
GCI	C	0.01%
KALU	D	0.01%
EGP	C	0.01%
CDE	C	0.01%
RHP	C	0.01%
BKE	B	0.01%
SLGN	B	0.01%
CNM	F	0.01%
GFF	C	0.01%
AM	B	0.01%
ABNB	D	0.01%
CHX	F	0.01%
ATI	C	0.01%
ICFI	C	0.01%
BCPC	C	0.01%
CBU	D	0.01%
AEIS	D	0.01%
AIN	F	0.01%
ALEX	C	0.01%
PGRE	D	0.01%
DIOD	F	0.01%
WSC	D	0.01%
CBRL	D	0.01%
DDS	D	0.01%
SNBR	D	0.01%
UE	C	0.01%
RLI	B	0.01%
IPGP	D	0.01%
MSA	D	0.01%
PTC	C	0.01%
BDN	C	0.01%
NPO	C	0.01%
ESRT	C	0.01%
PBH	C	0.01%
HL	C	0.01%
TNET	F	0.01%
WDAY	D	0.01%
NHI	C	0.01%
HTLF	C	0.01%
KRG	C	0.01%
PLTR	C	0.01%
NHC	D	0.01%
LANC	F	0.01%
SKT	B	0.01%
IOSP	F	0.01%
RIG	F	0.01%
TREX	F	0.01%
MORN	C	0.01%
IBOC	D	0.01%
JBLU	C	0.01%
TECH	C	0.01%
OPCH	C	0.01%
LRN	B	0.01%
ETSY	D	0.01%
PSN	B	0.01%
TWLO	C	0.01%
SHO	C	0.01%
HTH	D	0.01%
PECO	C	0.01%
XHR	B	0.01%
BRKR	D	0.01%
MASI	C	0.01%
PLNT	C	0.01%
IDCC	B	0.01%
EXLS	B	0.01%
AZZ	C	0.01%
AMRK	C	0.01%
APOG	B	0.01%
WEN	C	0.01%
DORM	C	0.01%
MANH	B	0.01%
SCL	D	0.01%
ECPG	D	0.01%
FR	C	0.01%
TCBI	C	0.01%
IBP	C	0.01%
AMN	F	0.01%
DELL	C	0.01%
TDC	D	0.01%
STAG	D	0.01%
RLJ	D	0.01%
MKTX	D	0.01%
HPP	F	0.01%
MWA	B	0.01%
BOH	D	0.01%
KAR	D	0.01%
AIR	D	0.01%
VSTO	C	0.01%
DRH	C	0.01%
DLB	D	0.01%
FELE	B	0.01%
IAC	C	0.01%
IGT	D	0.01%
FSS	D	0.01%
YELP	D	0.01%
WTS	C	0.01%
APG	F	0.01%
AMED	D	0.01%
ITRI	C	0.01%
PBI	C	0.01%
BGC	D	0.01%
WMS	D	0.01%
NEU	D	0.01%
RGLD	C	0.01%
SIGI	D	0.01%
APAM	C	0.01%
CGNX	F	0.01%
MCY	C	0.01%
SMTC	C	0.01%
SAH	D	0.01%
CVCO	B	0.01%
DNOW	F	0.01%
AROC	D	0.01%
KTB	B	0.01%
COKE	C	0.01%
ITGR	C	0.01%
ARES	B	0.01%
TPL	C	0.01%
SLAB	D	0.01%
RYN	C	0.01%
WEX	C	0.01%
PDM	C	0.01%
CVLT	B	0.01%
BOOT	B	0.01%
ENSG	D	0.01%
TYL	C	0.01%
VEEV	C	0.01%
JBGS	C	0.01%
ROL	C	0.01%
VNT	F	0.01%
MTX	D	0.01%
SKY	B	0.01%
APP	C	0.01%
WGO	D	0.01%
FND	C	0.01%
CHDN	D	0.01%
BXMT	C	0.01%
RH	C	0.01%
ICUI	C	0.01%
B	C	0.01%
DASH	B	0.01%
AGR	C	0.01%
SITE	D	0.01%
FN	C	0.01%
GBCI	C	0.01%
TPG	C	0.01%
CNK	C	0.01%
SUM	D	0.01%
VSTS	D	0.01%
ESAB	C	0.01%
LAUR	C	0.01%
UMBF	C	0.01%
WYNN	C	0.01%
PLUS	B	0.01%
SVC	F	0.01%
EPR	C	0.01%
CACC	F	0.01%
GMED	D	0.01%
H	B	0.01%
WTM	F	0.01%
OUT	B	0.01%
PIPR	B	0.01%
AVA	B	0.01%
BFAM	C	0.01%
SCS	D	0.01%
SXT	B	0.01%
PDCO	F	0.01%
EXEL	C	0.01%
KMT	B	0.01%
LGIH	D	0.01%
HE	F	0.01%
HXL	F	0.01%
BDC	B	0.01%
UNF	B	0.01%
CALM	B	0.01%
THS	C	0.01%
CSGP	D	0.01%
PCH	C	0.01%
ALE	A	0.01%
MTCH	C	0.01%
APLE	C	0.01%
LW	D	0.01%
ZM	C	0.01%
LITE	B	0.01%
VVV	D	0.01%
MPWR	B	0.01%
NJR	C	0.01%
PNM	B	0.01%
PSMT	B	0.01%
WD	B	0.01%
BIO	C	0.01%
LFUS	C	0.01%
COLM	C	0.01%
EBS	D	0.01%
SSD	C	0.01%
EEFT	F	0.01%
ACA	B	0.01%
ADTN	C	0.01%
WH	B	0.01%
NWE	A	0.01%
HLI	C	0.01%
BCO	B	0.01%
ACHC	D	0.01%
OLLI	C	0.01%
ENTG	D	0.01%
URBN	F	0.01%
NNN	B	0.01%
NOMD	C	0.01%
ASH	F	0.01%
MAT	D	0.01%
SAIA	D	0.01%
INCY	C	0.01%
FUL	D	0.01%
LCII	C	0.01%
MTN	D	0.01%
FHB	D	0.01%
ACIW	B	0.01%
MOD	C	0.01%
OGS	B	0.01%
EPAM	F	0.01%
AMH	D	0.01%
COLD	D	0.01%
SR	B	0.01%
HP	F	0.01%
NYT	B	0.01%
HNI	C	0.01%
CUZ	C	0.01%
MC	C	0.01%
TRN	C	0.01%
IDA	B	0.01%
CBSH	D	0.01%
UNIT	C	0.01%
WTFC	C	0.01%
GMS	C	0.01%
VRSN	C	0.01%
SMCI	F	0.01%
SHOO	B	0.01%
CR	B	0.01%
UAA	C	0.01%
SBRA	C	0.01%
FDS	C	0.01%
CRL	F	0.01%
KNF	C	0.01%
SRCL	B	0.01%
VSCO	C	0.01%
VRT	C	0.01%
KEX	C	0.01%
MSM	D	0.01%
CUBE	C	0.01%
WST	D	0.01%
SN	B	0.01%
DEI	B	0.01%
LOPE	D	0.01%
TUP	F	0.0%
SEG	F	0.0%
GIC	D	0.0%
CRNC	F	0.0%
ALGM	D	0.0%
LESL	F	0.0%
GSM	F	0.0%
KE	F	0.0%
THR	F	0.0%
AMPH	D	0.0%
ONEW	D	0.0%
MGPI	F	0.0%
TBBK	C	0.0%
CENT	F	0.0%
SPWH	D	0.0%
MODV	F	0.0%
MP	C	0.0%
WMG	D	0.0%
CRMT	F	0.0%
RILY	F	0.0%
AVD	F	0.0%
HLNE	B	0.0%
EDR	A	0.0%
AOSL	D	0.0%
SEDG	F	0.0%
WOLF	F	0.0%
CMTL	D	0.0%
AMSF	C	0.0%
AMRC	B	0.0%
RMBS	F	0.0%
AGM	D	0.0%
PKST	D	0.0%
SSYS	D	0.0%
GPRO	F	0.0%
GDEN	D	0.0%
VSEC	D	0.0%
SNAP	D	0.0%
IVT	D	0.0%
PRM	B	0.0%
USM	C	0.0%
PETS	D	0.0%
MXL	D	0.0%
VCTR	B	0.0%
OKTA	F	0.0%
VIR	F	0.0%
KNSL	D	0.0%
LEVI	C	0.0%
AGL	F	0.0%
VRTS	F	0.0%
GTLS	F	0.0%
GPMT	D	0.0%
LYV	A	0.0%
SFBS	C	0.0%
BRSP	D	0.0%
DT	C	0.0%
SBCF	D	0.0%
PRVA	F	0.0%
NPK	D	0.0%
SGRY	D	0.0%
USPH	F	0.0%
IRBT	F	0.0%
XPRO	F	0.0%
DHIL	C	0.0%
CALX	C	0.0%
FIZZ	D	0.0%
TKO	A	0.0%
KRNY	D	0.0%
CTRE	C	0.0%
MYE	F	0.0%
FLGT	F	0.0%
SRI	F	0.0%
AMBC	F	0.0%
SNOW	F	0.0%
CMTG	F	0.0%
HLIO	C	0.0%
DAY	D	0.0%
CSV	C	0.0%
CSR	D	0.0%
RC	F	0.0%
ATNI	C	0.0%
ARKO	C	0.0%
RUN	D	0.0%
ASTH	B	0.0%
CMP	D	0.0%
TOST	C	0.0%
PLCE	D	0.0%
FLWS	F	0.0%
PLOW	C	0.0%
ARCO	F	0.0%
PEN	D	0.0%
CTRN	D	0.0%
SSTK	F	0.0%
MEI	D	0.0%
AMC	F	0.0%
UFCS	D	0.0%
OPK	D	0.0%
CLDT	D	0.0%
BJRI	D	0.0%
CRAI	C	0.0%
CLOV	D	0.0%
ALRM	F	0.0%
GTY	C	0.0%
WASH	C	0.0%
OPI	F	0.0%
ZI	D	0.0%
HAYW	C	0.0%
ALTO	D	0.0%
WABC	D	0.0%
WOW	D	0.0%
DCO	B	0.0%
TPIC	C	0.0%
BANF	C	0.0%
SHYF	D	0.0%
CLB	D	0.0%
RKT	C	0.0%
ALKS	D	0.0%
VAL	F	0.0%
MERC	D	0.0%
AVO	C	0.0%
TDOC	D	0.0%
SPSC	D	0.0%
TEN	D	0.0%
IPAR	D	0.0%
CARS	F	0.0%
PEGA	B	0.0%
TMP	D	0.0%
NVEE	F	0.0%
PZZA	D	0.0%
HASI	C	0.0%
DAC	C	0.0%
KREF	C	0.0%
ICHR	D	0.0%
HSII	C	0.0%
LSCC	D	0.0%
BRC	B	0.0%
BBSI	C	0.0%
DBI	F	0.0%
UTL	C	0.0%
WRLD	D	0.0%
EVTC	D	0.0%
RGEN	F	0.0%
ECVT	F	0.0%
LKFN	D	0.0%
CLVT	D	0.0%
IHRT	D	0.0%
EBF	C	0.0%
COHU	F	0.0%
TBI	F	0.0%
PRLB	F	0.0%
AVNS	C	0.0%
SHEN	F	0.0%
BRBR	B	0.0%
EAF	D	0.0%
USNA	F	0.0%
ERIE	B	0.0%
ACLS	F	0.0%
SBSI	D	0.0%
WOOF	C	0.0%
PTON	C	0.0%
CNNE	F	0.0%
CMCO	D	0.0%
CBL	D	0.0%
ETH	D	0.0%
RES	D	0.0%
LIVN	D	0.0%
CVGW	C	0.0%
SGH	D	0.0%
PRIM	B	0.0%
CPF	C	0.0%
PODD	C	0.0%
LTC	C	0.0%
RGR	F	0.0%
SBLK	C	0.0%
LNN	C	0.0%
ASTE	F	0.0%
STEP	B	0.0%
PRFT	B	0.0%
GFS	F	0.0%
PRA	C	0.0%
SFIX	F	0.0%
EXAS	D	0.0%
EPAC	B	0.0%
SUPN	D	0.0%
XP	D	0.0%
HTLD	F	0.0%
MNRO	C	0.0%
GLDD	C	0.0%
WFRD	F	0.0%
SONO	F	0.0%
GLOB	D	0.0%
AZTA	F	0.0%
CHCO	D	0.0%
SMPL	D	0.0%
CNMD	D	0.0%
PRGS	A	0.0%
CTS	D	0.0%
CPS	D	0.0%
LBRDK	C	0.0%
THRY	F	0.0%
FHI	B	0.0%
CRK	C	0.0%
PLAY	D	0.0%
VRRM	D	0.0%
RDNT	B	0.0%
FCPT	C	0.0%
JBSS	F	0.0%
QLYS	D	0.0%
MYGN	D	0.0%
EYE	F	0.0%
EPRT	B	0.0%
SJW	F	0.0%
NOVT	D	0.0%
GPRE	F	0.0%
RWT	C	0.0%
CWH	C	0.0%
SENEA	B	0.0%
KTOS	B	0.0%
LYFT	D	0.0%
OEC	F	0.0%
NEOG	D	0.0%
TRTX	D	0.0%
HQY	C	0.0%
WHD	D	0.0%
CHEF	C	0.0%
AGX	B	0.0%
HMST	B	0.0%
ZUMZ	D	0.0%
DEA	D	0.0%
W	C	0.0%
CWST	D	0.0%
SABR	C	0.0%
EXPI	C	0.0%
PSTG	F	0.0%
PJT	B	0.0%
TRNO	D	0.0%
ENPH	D	0.0%
CNSL	A	0.0%
AWR	C	0.0%
KWR	D	0.0%
SWBI	F	0.0%
MODG	F	0.0%
GES	F	0.0%
ALG	D	0.0%
HURN	C	0.0%
TNC	D	0.0%
WDFC	C	0.0%
HMN	C	0.0%
BLKB	C	0.0%
PRAA	F	0.0%
NBR	F	0.0%
GO	F	0.0%
MMI	C	0.0%
TRS	C	0.0%
ILPT	D	0.0%
ENV	C	0.0%
AAT	C	0.0%
TRIP	F	0.0%
TSE	C	0.0%
ADUS	C	0.0%
NBIX	F	0.0%
CPK	B	0.0%
BSY	C	0.0%
AAN	C	0.0%
MYRG	F	0.0%
ZWS	B	0.0%
CVI	F	0.0%
INVA	C	0.0%
MRCY	C	0.0%
CMPR	F	0.0%
DXCM	F	0.0%
OPEN	F	0.0%
BNL	B	0.0%
AGRO	C	0.0%
SXI	C	0.0%
CAKE	B	0.0%
CSGS	C	0.0%
CASH	D	0.0%
WING	C	0.0%
ROG	D	0.0%
DFIN	D	0.0%
COTY	D	0.0%
REYN	C	0.0%
CHH	B	0.0%
MRTN	D	0.0%
MEDP	F	0.0%
BMI	B	0.0%
IRDM	C	0.0%
PTVE	D	0.0%
KLIC	D	0.0%
FORM	F	0.0%
FIVE	D	0.0%
RAMP	F	0.0%
PAYC	D	0.0%

FNDB Underweight 60 Positions Relative to VFVA

Symbol	Grade	Weight
FOX	B	-0.39%
BHF	F	-0.24%
MBUU	D	-0.22%
GPOR	C	-0.22%
ASC	D	-0.2%
CHGG	F	-0.19%
SNCY	D	-0.18%
XPOF	F	-0.15%
PLTK	C	-0.15%
PEBO	D	-0.14%
BELFB	C	-0.14%
MCB	C	-0.14%
DCOM	C	-0.12%
BANC	C	-0.12%
UA	C	-0.11%
SB	C	-0.11%
NAT	D	-0.11%
APPS	D	-0.11%
VTOL	D	-0.1%
TRST	D	-0.1%
GOGL	C	-0.09%
RPAY	F	-0.08%
FFWM	F	-0.08%
SD	F	-0.08%
RMAX	C	-0.08%
INMD	D	-0.07%
BOOM	D	-0.07%
BHLB	C	-0.07%
LILA	C	-0.06%
EGY	D	-0.06%
ETWO	D	-0.05%
LXU	D	-0.05%
MCFT	F	-0.05%
IIIN	F	-0.05%
FBMS	C	-0.05%
KODK	D	-0.04%
LC	D	-0.04%
BBW	C	-0.04%
BY	D	-0.04%
OBK	D	-0.04%
HBNC	D	-0.04%
REPX	D	-0.04%
BW	D	-0.04%
IMMR	D	-0.03%
PFBC	D	-0.03%
KRO	C	-0.03%
OLPX	D	-0.03%
NBHC	D	-0.03%
QCRH	D	-0.03%
SWI	B	-0.03%
TBRG	D	-0.03%
AMRX	C	-0.03%
BALY	C	-0.03%
NFBK	D	-0.03%
AMAL	D	-0.03%
DRVN	C	-0.03%
ACT	C	-0.02%
HRTG	C	-0.01%
AMPY	F	-0.01%
FF	D	-0.01%