Overview
Small US companies weighted by sales, cash flow and dividends instead of market cap — fundamental indexing applied where it works best.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| CMA | Comerica Inc. | 0.6% |
| AAL | American Airlines | 0.5% |
| GAP | Gap Inc. | 0.5% |
| ZION | Zions Bancorp | 0.5% |
| THC | Tenet Healthcare | 0.4% |
| FLR | Fluor Corp. | 0.4% |
| AL | Air Lease Corp. | 0.4% |
| SM | SM Energy | 0.4% |
| JWN | Nordstrom Inc. | 0.3% |
| KSS | Kohl's Corp. | 0.3% |
Fund Details
Investment Thesis
Fundamental weighting adds the most value where prices are noisiest — small caps — because rebalancing toward real sales and cash flow systematically buys the overlooked and trims the hyped. FNDA's +35% year outran the standard small-cap benchmarks as the value-flavored end of the segment led. It is the small-cap sibling of FNDX and the RAFI answer to AVUV's profitability screen.
Who It's For
Small-cap investors who want a value-tilted, fundamentals-anchored portfolio without a deep-value fund's concentration. Sits naturally beside FNDX in an all-fundamental core.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $15.34 | -- |
| 2017 | $17.18 | +12.0% |
| 2018 | $15.12 | -12.0% |
| 2019 | $18.44 | +22.0% |
| 2020 | $20.29 | +10.0% |
| 2021 | $26.37 | +30.0% |
| 2022 | $23.21 | -12.0% |
| 2023 | $26.69 | +15.0% |
| 2024 | $29.09 | +9.0% |
| 2025 | $32.00 | +10.0% |
| Year | Yield |
|---|---|
| 2016 | 1.40% |
| 2017 | 1.30% |
| 2018 | 1.60% |
| 2019 | 1.50% |
| 2020 | 1.30% |
| 2021 | 1.10% |
| 2022 | 1.50% |
| 2023 | 1.60% |
| 2024 | 1.50% |
| 2025 | 1.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.5B | -- |
| 2017 | $2.5B | +66.7% |
| 2018 | $3B | +20.0% |
| 2019 | $3.5B | +16.7% |
| 2020 | $4B | +14.3% |
| 2021 | $6B | +50.0% |
| 2022 | $5.5B | -8.3% |
| 2023 | $6.5B | +18.2% |
| 2024 | $7B | +7.7% |
| 2025 | $8B | +14.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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