Fender says:

"Fender’s new CF-140S has a smaller 'folk' cutaway body shape and liberal string spacing perfect for beginners and flatpickers. Don’t let its size fool you though-it projects enough full, rich and resonant acoustic sound to fill a room thanks to its solid spruce top with scalloped quartersawn X bracing. A satin-finish mahogany neck with stabilizing dual-action truss rod makes playing the CF-140S smooth and easy.

"Other upgraded features include mahogany back and sides, mother-of-pearl rosette and headstock logo inlay, rosewood bridge with compensated saddle and aged pins, smaller fretboard inlays (3mm) and rosewood headstock veneer."