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% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
Related US Broad Market ETFs
Markets. Intelligence. Daily.
Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →