Schwab Fundamental U.S. Small Company ETF (FNDA) Stock Price, Quote, News & History | Benzinga

To pursue its goal, the fund generally invests in stocks that are included in the RAFI Fundamental High Liquidity US Small Index. The index selects, ranks, and weights securities by fundamental measures of company size as adjusted sales, retained operating cash flow, and dividends plus buybacks rather than market capitalization. The index measures the performance of the small company size segment by fundamental overall company scores (scores), which are created using as the universe the U.S. companies in the RAFI Global Equity Investable Universe (the parent universe). Securities are grouped in order of decreasing score and each company receives a weight based on its percentage of the total scores of the U.S. companies within the parent universe. The index is comprised of the smallest U.S. companies by fundamental size. The bottom 12.5 percent of the companys cumulative fundamental scores are included in the index. The companies, and their respective weights, included in the index are determined annually and are implemented using a partial quarterly reconstitution methodology in which the index is split into four equal segments and each segment is rebalanced on a rolling quarterly basis. The method of calculating the components of the index is subject to change.