Universal Health Realty Income Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

Universal Health Realty Income Trust is a real estate investment trust. The Company invests in health care and human service related facilities, including acute care hospitals, behavioral health care hospitals, specialty facilities, free-standing emergency departments, childcare centers, and medical/office buildings. The Company’s portfolio consists of approximately 75 real estate investments or commitments located in approximately 21 states in the United States consisting of approximately six hospital facilities, including three acute care and three behavioral health care; approximately fifty-eight medical/office buildings; approximately four free-standing emergency departments; and approximately four preschool and childcare centers, and approximately three specialty facilities. The Company’s portfolio includes McAllen Medical Center, Wellington Regional Medical Center, Canyon Creek Behavioral Health and Clive Behavioral Health Hospital.

Closing Price
$57.26
Day's Change
-0.19 (-0.33%)
Bid
--
Ask
--
B/A Size
--
Day's High
57.33
Day's Low
56.01
Volume
(Heavy Day)
Volume:
73,703

10-day average volume:
37,719
73,703

Is Schwab Fundamental U.S. Small Company Index ETF (FNDA) a Strong ETF Right Now?

6:20 am ET November 25, 2022 (Zacks) Print

Making its debut on 08/13/2013, smart beta exchange traded fund Schwab Fundamental U.S. Small Company Index ETF (FNDA) provides investors broad exposure to the Style Box - Small Cap Value category of the market.

What Are Smart Beta ETFs?

The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.

Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.

If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.

This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.

Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.

Fund Sponsor & Index

The fund is managed by Charles Schwab. FNDA has been able to amass assets over $5.97 billion, making it one of the largest ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the Russell RAFI US Small Co. Index before fees and expenses.

The Russell RAFI US Small Company Index measures the performance of the small company size segment by fundamental overall company scores.

Cost & Other Expenses

Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.

Operating expenses on an annual basis are 0.25% for FNDA, making it on par with most peer products in the space.

FNDA's 12-month trailing dividend yield is 1.46%.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

FNDA's heaviest allocation is in the Industrials sector, which is about 19% of the portfolio. Its Financials and Consumer Discretionary round out the top three.

When you look at individual holdings, Diamondback Energy Inc (FANG) accounts for about 0.46% of the fund's total assets, followed by First Citizens Bancshares Inc Clas (FCNCA) and Patterson Uti Energy Inc (PTEN).

FNDA's top 10 holdings account for about 3.42% of its total assets under management.

Performance and Risk

The ETF has lost about -10.91% so far this year and is down about -11.35% in the last one year (as of 11/25/2022). In the past 52-week period, it has traded between $42.52 and $56.50.

The ETF has a beta of 1.18 and standard deviation of 31.15% for the trailing three-year period, making it a medium risk choice in the space. With about 983 holdings, it effectively diversifies company-specific risk.

Alternatives

Schwab Fundamental U.S. Small Company Index ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.

IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $12.53 billion in assets, Vanguard SmallCap Value ETF has $24.69 billion. IWN has an expense ratio of 0.23% and VBR charges 0.07%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report


 
Schwab Fundamental U.S. Small Company Index ETF (FNDA): ETF Research Reports
 
PattersonUTI Energy, Inc. (PTEN): Free Stock Analysis Report
 
First Citizens BancShares, Inc. (FCNCA): Free Stock Analysis Report
 
Diamondback Energy, Inc. (FANG): Free Stock Analysis Report
 
Vanguard SmallCap Value ETF (VBR): ETF Research Reports
 
iShares Russell 2000 Value ETF (IWN): ETF Research Reports

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Zacks Investment Research

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