ACWI vs. FNDX ETF Comparison

Comparison of iShares MSCI ACWI Index Fund (ACWI) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.44

Average Daily Volume

1,917,440

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	ACWI	FNDX
30 Days	1.42%	3.67%
60 Days	1.89%	4.58%
90 Days	3.03%	6.53%
12 Months	25.57%	29.67%

503 Overlapping Holdings

	Symbol	Grade	Weight in ACWI	Weight in FNDX	Overlap
	A	D	0.05%	0.05%	0.05%
	AAPL	C	4.24%	4.35%	4.24%
	ABBV	D	0.38%	0.49%	0.38%
	ABT	B	0.26%	0.34%	0.26%
	ACGL	D	0.05%	0.03%	0.03%
	ACI	C	0.01%	0.03%	0.01%
	ACM	A	0.02%	0.05%	0.02%
	ACN	C	0.28%	0.36%	0.28%
	ADBE	C	0.28%	0.2%	0.2%
	ADI	D	0.14%	0.13%	0.13%
	ADM	D	0.03%	0.21%	0.03%
	ADP	B	0.15%	0.15%	0.15%
	ADSK	A	0.08%	0.03%	0.03%
	AEE	A	0.03%	0.07%	0.03%
	AEP	D	0.06%	0.16%	0.06%
	AES	F	0.01%	0.05%	0.01%
	AFG	A	0.01%	0.05%	0.01%
	AFL	B	0.08%	0.21%	0.08%
	AGCO	D	0.01%	0.03%	0.01%
	AIG	B	0.07%	0.28%	0.07%
	AIZ	A	0.02%	0.03%	0.02%
	AJG	B	0.08%	0.05%	0.05%
	AKAM	D	0.02%	0.03%	0.02%
	ALB	C	0.02%	0.03%	0.02%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.07%	0.27%	0.07%
	ALLE	D	0.02%	0.01%	0.01%
	ALLY	C	0.01%	0.1%	0.01%
	AMAT	F	0.18%	0.24%	0.18%
	AMCR	D	0.02%	0.03%	0.02%
	AMD	F	0.29%	0.09%	0.09%
	AME	A	0.06%	0.05%	0.05%
	AMGN	D	0.19%	0.39%	0.19%
	AMP	A	0.07%	0.15%	0.07%
	AMT	D	0.12%	0.11%	0.11%
	AMZN	C	2.45%	1.56%	1.56%
	ANET	C	0.13%	0.04%	0.04%
	ANSS	B	0.04%	0.02%	0.02%
	AON	A	0.1%	0.13%	0.1%
	AOS	F	0.01%	0.02%	0.01%
	APA	D	0.01%	0.03%	0.01%
	APD	A	0.09%	0.13%	0.09%
	APH	A	0.11%	0.09%	0.09%
	APO	B	0.09%	0.03%	0.03%
	APTV	D	0.02%	0.02%	0.02%
	ARE	D	0.02%	0.03%	0.02%
	ATO	A	0.03%	0.04%	0.03%
	AVB	B	0.04%	0.05%	0.04%
	AVGO	D	0.93%	0.61%	0.61%
	AVTR	F	0.02%	0.02%	0.02%
	AVY	D	0.02%	0.04%	0.02%
	AWK	D	0.03%	0.04%	0.03%
	AXP	A	0.21%	0.36%	0.21%
	AZO	C	0.07%	0.06%	0.06%
	BA	F	0.14%	0.11%	0.11%
	BAC	A	0.42%	1.3%	0.42%
	BAH	F	0.02%	0.03%	0.02%
	BALL	D	0.02%	0.06%	0.02%
	BAX	D	0.02%	0.07%	0.02%
	BBWI	D	0.01%	0.03%	0.01%
	BBY	D	0.02%	0.16%	0.02%
	BDX	F	0.08%	0.11%	0.08%
	BEN	C	0.01%	0.04%	0.01%
	BG	F	0.02%	0.1%	0.02%
	BIIB	F	0.03%	0.09%	0.03%
	BK	A	0.07%	0.26%	0.07%
	BKNG	A	0.22%	0.24%	0.22%
	BKR	B	0.05%	0.16%	0.05%
	BLDR	D	0.03%	0.06%	0.03%
	BLK	C	0.19%	0.28%	0.19%
	BMY	B	0.15%	0.45%	0.15%
	BR	A	0.04%	0.03%	0.03%
	BRK.A	B	0.79%	2.17%	0.79%
	BRO	B	0.03%	0.02%	0.02%
	BSX	B	0.17%	0.09%	0.09%
	BURL	A	0.02%	0.03%	0.02%
	BX	A	0.17%	0.13%	0.13%
	BXP	D	0.01%	0.05%	0.01%
	C	A	0.17%	1.1%	0.17%
	CAG	D	0.02%	0.06%	0.02%
	CAH	B	0.04%	0.07%	0.04%
	CARR	D	0.08%	0.12%	0.08%
	CAT	B	0.24%	0.41%	0.24%
	CB	C	0.14%	0.26%	0.14%
	CBOE	B	0.03%	0.01%	0.01%
	CBRE	B	0.05%	0.13%	0.05%
	CCI	D	0.06%	0.09%	0.06%
	CCK	C	0.01%	0.04%	0.01%
	CCL	B	0.03%	0.06%	0.03%
	CDNS	B	0.11%	0.03%	0.03%
	CDW	F	0.03%	0.04%	0.03%
	CE	F	0.01%	0.03%	0.01%
	CEG	D	0.09%	0.1%	0.09%
	CF	B	0.02%	0.07%	0.02%
	CFG	B	0.03%	0.1%	0.03%
	CG	A	0.01%	0.03%	0.01%
	CHD	B	0.03%	0.04%	0.03%
	CHRW	C	0.02%	0.08%	0.02%
	CHTR	C	0.05%	0.35%	0.05%
	CI	F	0.12%	0.48%	0.12%
	CINF	A	0.03%	0.07%	0.03%
	CL	D	0.09%	0.13%	0.09%
	CLX	B	0.03%	0.04%	0.03%
	CMCSA	B	0.21%	0.83%	0.21%
	CME	A	0.1%	0.08%	0.08%
	CMG	B	0.1%	0.04%	0.04%
	CMI	A	0.06%	0.19%	0.06%
	CMS	C	0.02%	0.06%	0.02%
	CNC	D	0.04%	0.19%	0.04%
	CNH	C	0.01%	0.02%	0.01%
	CNP	B	0.03%	0.06%	0.03%
	COF	B	0.09%	0.48%	0.09%
	COP	C	0.17%	0.48%	0.17%
	COR	B	0.05%	0.02%	0.02%
	COST	B	0.53%	0.66%	0.53%
	CPAY	A	0.03%	0.06%	0.03%
	CPB	D	0.01%	0.03%	0.01%
	CPRT	A	0.06%	0.03%	0.03%
	CPT	B	0.02%	0.02%	0.02%
	CRL	C	0.01%	0.01%	0.01%
	CRM	B	0.4%	0.15%	0.15%
	CSCO	B	0.29%	0.82%	0.29%
	CSL	C	0.03%	0.05%	0.03%
	CSX	B	0.09%	0.22%	0.09%
	CTAS	B	0.1%	0.08%	0.08%
	CTLT	B	0.01%	0.02%	0.01%
	CTRA	B	0.02%	0.03%	0.02%
	CTSH	B	0.05%	0.19%	0.05%
	CTVA	C	0.05%	0.09%	0.05%
	CVS	D	0.09%	0.68%	0.09%
	CVX	A	0.36%	1.25%	0.36%
	D	C	0.06%	0.17%	0.06%
	DAL	C	0.01%	0.03%	0.01%
	DD	D	0.04%	0.17%	0.04%
	DE	A	0.13%	0.23%	0.13%
	DECK	A	0.03%	0.03%	0.03%
	DELL	C	0.05%	0.03%	0.03%
	DFS	B	0.06%	0.26%	0.06%
	DG	F	0.02%	0.08%	0.02%
	DGX	A	0.02%	0.07%	0.02%
	DHI	D	0.06%	0.16%	0.06%
	DHR	F	0.2%	0.15%	0.15%
	DINO	D	0.01%	0.05%	0.01%
	DIS	B	0.26%	0.45%	0.26%
	DKS	C	0.02%	0.04%	0.02%
	DLR	B	0.08%	0.08%	0.08%
	DLTR	F	0.02%	0.05%	0.02%
	DOC	D	0.02%	0.03%	0.02%
	DOV	A	0.04%	0.06%	0.04%
	DOW	F	0.04%	0.18%	0.04%
	DPZ	C	0.02%	0.03%	0.02%
	DRI	B	0.03%	0.05%	0.03%
	DTE	C	0.03%	0.07%	0.03%
	DUK	C	0.11%	0.3%	0.11%
	DVA	B	0.01%	0.06%	0.01%
	DVN	F	0.03%	0.09%	0.03%
	EA	A	0.05%	0.09%	0.05%
	EBAY	D	0.04%	0.17%	0.04%
	ECL	D	0.08%	0.08%	0.08%
	ED	D	0.04%	0.12%	0.04%
	EFX	F	0.04%	0.03%	0.03%
	EG	C	0.02%	0.02%	0.02%
	EIX	B	0.04%	0.1%	0.04%
	EL	F	0.02%	0.03%	0.02%
	ELV	F	0.12%	0.36%	0.12%
	EME	C	0.03%	0.06%	0.03%
	EMN	D	0.01%	0.08%	0.01%
	EMR	A	0.09%	0.17%	0.09%
	EOG	A	0.1%	0.23%	0.1%
	EPAM	C	0.02%	0.02%	0.02%
	EQH	B	0.02%	0.05%	0.02%
	EQIX	A	0.11%	0.08%	0.08%
	EQR	B	0.03%	0.05%	0.03%
	EQT	B	0.03%	0.04%	0.03%
	ES	D	0.03%	0.08%	0.03%
	ESS	B	0.02%	0.03%	0.02%
	ETN	A	0.19%	0.23%	0.19%
	ETR	B	0.04%	0.12%	0.04%
	EVRG	A	0.02%	0.07%	0.02%
	EW	C	0.05%	0.04%	0.04%
	EXC	C	0.05%	0.17%	0.05%
	EXPD	D	0.02%	0.04%	0.02%
	EXPE	B	0.03%	0.04%	0.03%
	EXR	D	0.05%	0.03%	0.03%
	F	C	0.05%	0.33%	0.05%
	FANG	D	0.04%	0.05%	0.04%
	FAST	B	0.06%	0.07%	0.06%
	FBIN	D	0.01%	0.04%	0.01%
	FCNCA	A	0.03%	0.02%	0.02%
	FCX	D	0.08%	0.14%	0.08%
	FDX	B	0.09%	0.32%	0.09%
	FE	C	0.03%	0.09%	0.03%
	FFIV	B	0.02%	0.03%	0.02%
	FI	A	0.16%	0.13%	0.13%
	FIS	C	0.06%	0.12%	0.06%
	FITB	A	0.04%	0.13%	0.04%
	FNF	B	0.02%	0.06%	0.02%
	FOXA	B	0.01%	0.1%	0.01%
	FSLR	F	0.02%	0.01%	0.01%
	FTNT	C	0.07%	0.03%	0.03%
	FTV	C	0.03%	0.03%	0.03%
	GD	F	0.08%	0.21%	0.08%
	GDDY	A	0.03%	0.03%	0.03%
	GE	D	0.25%	0.15%	0.15%
	GEHC	F	0.04%	0.09%	0.04%
	GEN	B	0.02%	0.04%	0.02%
	GEV	B	0.12%	0.04%	0.04%
	GGG	B	0.02%	0.02%	0.02%
	GILD	C	0.14%	0.37%	0.14%
	GIS	D	0.04%	0.11%	0.04%
	GLPI	C	0.02%	0.02%	0.02%
	GLW	B	0.05%	0.14%	0.05%
	GM	B	0.08%	0.79%	0.08%
	GOOG	C	1.16%	1.14%	1.14%
	GOOGL	C	1.34%	1.33%	1.33%
	GPC	D	0.02%	0.05%	0.02%
	GPN	B	0.04%	0.09%	0.04%
	GRMN	B	0.04%	0.03%	0.03%
	GS	A	0.24%	0.62%	0.24%
	GWW	B	0.07%	0.08%	0.07%
	HAL	C	0.03%	0.06%	0.03%
	HBAN	A	0.03%	0.08%	0.03%
	HCA	F	0.09%	0.2%	0.09%
	HD	A	0.52%	0.8%	0.52%
	HES	B	0.05%	0.06%	0.05%
	HIG	B	0.05%	0.14%	0.05%
	HII	D	0.01%	0.03%	0.01%
	HLT	A	0.08%	0.06%	0.06%
	HOLX	D	0.02%	0.04%	0.02%
	HON	B	0.19%	0.37%	0.19%
	HPE	B	0.03%	0.21%	0.03%
	HPQ	B	0.05%	0.21%	0.05%
	HRL	D	0.01%	0.03%	0.01%
	HSIC	B	0.01%	0.04%	0.01%
	HST	C	0.02%	0.04%	0.02%
	HSY	F	0.03%	0.04%	0.03%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.04%	0.19%	0.04%
	HWM	A	0.06%	0.07%	0.06%
	IBM	C	0.24%	0.54%	0.24%
	ICE	C	0.11%	0.11%	0.11%
	IDXX	F	0.04%	0.02%	0.02%
	IEX	B	0.02%	0.03%	0.02%
	IFF	D	0.03%	0.05%	0.03%
	ILMN	D	0.03%	0.03%	0.03%
	INTC	D	0.13%	0.89%	0.13%
	INTU	C	0.23%	0.11%	0.11%
	INVH	D	0.03%	0.03%	0.03%
	IP	B	0.02%	0.17%	0.02%
	IPG	D	0.01%	0.04%	0.01%
	IQV	D	0.04%	0.07%	0.04%
	IR	B	0.05%	0.03%	0.03%
	IRM	D	0.04%	0.06%	0.04%
	ISRG	A	0.24%	0.09%	0.09%
	IT	C	0.05%	0.03%	0.03%
	ITW	B	0.1%	0.15%	0.1%
	J	F	0.02%	0.05%	0.02%
	JBHT	C	0.02%	0.05%	0.02%
	JBL	B	0.02%	0.06%	0.02%
	JCI	C	0.07%	0.16%	0.07%
	JKHY	D	0.02%	0.02%	0.02%
	JNJ	D	0.47%	0.89%	0.47%
	JNPR	F	0.01%	0.05%	0.01%
	JPM	A	0.89%	2.03%	0.89%
	K	A	0.03%	0.07%	0.03%
	KDP	D	0.05%	0.07%	0.05%
	KEY	B	0.02%	0.1%	0.02%
	KEYS	A	0.03%	0.04%	0.03%
	KHC	F	0.03%	0.09%	0.03%
	KIM	A	0.02%	0.03%	0.02%
	KKR	A	0.12%	0.12%	0.12%
	KLAC	D	0.11%	0.08%	0.08%
	KMB	D	0.06%	0.1%	0.06%
	KMI	A	0.07%	0.23%	0.07%
	KMX	B	0.02%	0.06%	0.02%
	KNX	B	0.01%	0.04%	0.01%
	KO	D	0.33%	0.35%	0.33%
	KR	B	0.05%	0.3%	0.05%
	KVUE	A	0.06%	0.05%	0.05%
	L	A	0.02%	0.05%	0.02%
	LDOS	C	0.03%	0.07%	0.03%
	LEN	D	0.05%	0.16%	0.05%
	LH	C	0.03%	0.09%	0.03%
	LHX	C	0.06%	0.16%	0.06%
	LII	A	0.03%	0.03%	0.03%
	LIN	D	0.27%	0.33%	0.27%
	LKQ	D	0.01%	0.05%	0.01%
	LLY	F	0.75%	0.2%	0.2%
	LMT	D	0.15%	0.37%	0.15%
	LNG	B	0.07%	0.06%	0.06%
	LNT	A	0.02%	0.04%	0.02%
	LOW	D	0.19%	0.43%	0.19%
	LPLA	A	0.03%	0.04%	0.03%
	LRCX	F	0.12%	0.15%	0.12%
	LULU	C	0.04%	0.01%	0.01%
	LUV	C	0.01%	0.02%	0.01%
	LVS	C	0.02%	0.04%	0.02%
	LW	C	0.01%	0.02%	0.01%
	LYB	F	0.03%	0.14%	0.03%
	MA	C	0.55%	0.29%	0.29%
	MAA	B	0.02%	0.03%	0.02%
	MAR	B	0.09%	0.09%	0.09%
	MAS	D	0.02%	0.05%	0.02%
	MCD	D	0.27%	0.34%	0.27%
	MCHP	D	0.04%	0.05%	0.04%
	MCK	B	0.1%	0.11%	0.1%
	MCO	B	0.1%	0.07%	0.07%
	MDLZ	F	0.11%	0.2%	0.11%
	MDT	D	0.14%	0.16%	0.14%
	MET	A	0.07%	0.26%	0.07%
	META	D	1.57%	1.79%	1.57%
	MGM	D	0.01%	0.06%	0.01%
	MKC	D	0.02%	0.03%	0.02%
	MKL	A	0.03%	0.05%	0.03%
	MLM	B	0.05%	0.04%	0.04%
	MMC	B	0.14%	0.14%	0.14%
	MMM	D	0.09%	0.35%	0.09%
	MNST	C	0.05%	0.05%	0.05%
	MO	A	0.12%	0.37%	0.12%
	MOH	F	0.02%	0.05%	0.02%
	MOS	F	0.01%	0.06%	0.01%
	MPC	D	0.07%	0.4%	0.07%
	MRK	F	0.31%	0.42%	0.31%
	MRNA	F	0.02%	0.03%	0.02%
	MRO	B	0.02%	0.09%	0.02%
	MRVL	B	0.1%	0.04%	0.04%
	MS	A	0.21%	0.46%	0.21%
	MSCI	C	0.06%	0.03%	0.03%
	MSFT	F	3.76%	2.43%	2.43%
	MSI	B	0.1%	0.07%	0.07%
	MTB	A	0.05%	0.11%	0.05%
	MTD	D	0.03%	0.03%	0.03%
	MU	D	0.14%	0.38%	0.14%
	NDAQ	A	0.04%	0.03%	0.03%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	D	0.2%	0.24%	0.2%
	NEM	D	0.06%	0.13%	0.06%
	NFLX	A	0.48%	0.17%	0.17%
	NI	A	0.02%	0.05%	0.02%
	NKE	D	0.11%	0.19%	0.11%
	NOC	D	0.09%	0.2%	0.09%
	NOW	A	0.27%	0.01%	0.01%
	NRG	B	0.03%	0.1%	0.03%
	NSC	B	0.07%	0.21%	0.07%
	NTAP	C	0.03%	0.07%	0.03%
	NTRS	A	0.03%	0.08%	0.03%
	NUE	C	0.04%	0.19%	0.04%
	NVDA	C	4.62%	0.4%	0.4%
	NVR	D	0.04%	0.08%	0.04%
	NWSA	B	0.01%	0.04%	0.01%
	NXPI	D	0.07%	0.05%	0.05%
	O	D	0.06%	0.04%	0.04%
	OC	A	0.02%	0.07%	0.02%
	ODFL	B	0.05%	0.06%	0.05%
	OKE	A	0.08%	0.14%	0.08%
	OMC	C	0.03%	0.08%	0.03%
	ON	D	0.04%	0.04%	0.04%
	ORCL	B	0.4%	0.5%	0.4%
	ORLY	B	0.09%	0.11%	0.09%
	OTIS	C	0.05%	0.05%	0.05%
	OVV	B	0.01%	0.06%	0.01%
	OXY	D	0.04%	0.11%	0.04%
	PANW	C	0.16%	0.03%	0.03%
	PARA	C	0.01%	0.11%	0.01%
	PAYX	C	0.06%	0.06%	0.06%
	PCAR	B	0.07%	0.15%	0.07%
	PCG	A	0.05%	0.03%	0.03%
	PEG	A	0.06%	0.11%	0.06%
	PEP	F	0.27%	0.41%	0.27%
	PFE	D	0.18%	0.68%	0.18%
	PFG	D	0.03%	0.09%	0.03%
	PG	A	0.51%	0.77%	0.51%
	PGR	A	0.19%	0.23%	0.19%
	PH	A	0.11%	0.13%	0.11%
	PHM	D	0.04%	0.11%	0.04%
	PKG	A	0.03%	0.07%	0.03%
	PLD	D	0.14%	0.07%	0.07%
	PM	B	0.25%	0.48%	0.25%
	PNC	B	0.1%	0.3%	0.1%
	PNR	A	0.02%	0.04%	0.02%
	POOL	C	0.02%	0.02%	0.02%
	PPG	F	0.04%	0.08%	0.04%
	PPL	B	0.03%	0.11%	0.03%
	PRU	A	0.06%	0.22%	0.06%
	PSA	D	0.07%	0.05%	0.05%
	PSX	C	0.07%	0.36%	0.07%
	PWR	A	0.06%	0.07%	0.06%
	PYPL	B	0.11%	0.22%	0.11%
	QCOM	F	0.23%	0.43%	0.23%
	QRVO	F	0.01%	0.03%	0.01%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.1%	0.1%
	RF	A	0.03%	0.09%	0.03%
	RJF	A	0.04%	0.05%	0.04%
	RMD	C	0.04%	0.03%	0.03%
	ROK	B	0.04%	0.06%	0.04%
	ROP	B	0.08%	0.05%	0.05%
	ROST	C	0.06%	0.07%	0.06%
	RPM	A	0.02%	0.04%	0.02%
	RS	B	0.02%	0.09%	0.02%
	RSG	A	0.06%	0.06%	0.06%
	RTX	C	0.2%	0.34%	0.2%
	RVTY	F	0.02%	0.03%	0.02%
	SBAC	D	0.03%	0.02%	0.02%
	SBUX	A	0.14%	0.28%	0.14%
	SCHW	B	0.15%	0.13%	0.13%
	SEIC	B	0.01%	0.03%	0.01%
	SHW	A	0.11%	0.08%	0.08%
	SJM	D	0.01%	0.05%	0.01%
	SLB	C	0.08%	0.12%	0.08%
	SNA	A	0.03%	0.06%	0.03%
	SNPS	B	0.1%	0.03%	0.03%
	SO	D	0.12%	0.26%	0.12%
	SOLV	C	0.01%	0.02%	0.01%
	SPG	B	0.08%	0.1%	0.08%
	SPGI	C	0.21%	0.15%	0.15%
	SQ	B	0.06%	0.03%	0.03%
	SRE	A	0.08%	0.13%	0.08%
	SSNC	B	0.02%	0.04%	0.02%
	STE	F	0.03%	0.03%	0.03%
	STLD	B	0.03%	0.11%	0.03%
	STT	A	0.04%	0.1%	0.04%
	STX	D	0.03%	0.09%	0.03%
	STZ	D	0.05%	0.07%	0.05%
	SUI	D	0.02%	0.02%	0.02%
	SW	A	0.04%	0.09%	0.04%
	SWK	D	0.02%	0.07%	0.02%
	SWKS	F	0.02%	0.04%	0.02%
	SYF	B	0.03%	0.34%	0.03%
	SYK	C	0.17%	0.13%	0.13%
	SYY	B	0.05%	0.1%	0.05%
	T	A	0.21%	1.27%	0.21%
	TAP	C	0.01%	0.05%	0.01%
	TDG	D	0.09%	0.06%	0.06%
	TDY	B	0.03%	0.03%	0.03%
	TER	D	0.02%	0.04%	0.02%
	TFC	A	0.08%	0.23%	0.08%
	TFX	F	0.01%	0.02%	0.01%
	TGT	F	0.09%	0.38%	0.09%
	TJX	A	0.17%	0.22%	0.17%
	TMO	F	0.25%	0.25%	0.25%
	TMUS	B	0.16%	0.25%	0.16%
	TRGP	B	0.05%	0.07%	0.05%
	TRMB	B	0.02%	0.03%	0.02%
	TROW	B	0.03%	0.13%	0.03%
	TRU	D	0.02%	0.03%	0.02%
	TRV	B	0.07%	0.31%	0.07%
	TSCO	D	0.04%	0.06%	0.04%
	TSLA	B	1.27%	0.28%	0.28%
	TSN	B	0.02%	0.2%	0.02%
	TT	A	0.12%	0.06%	0.06%
	TTC	D	0.01%	0.02%	0.01%
	TTWO	A	0.04%	0.03%	0.03%
	TXN	C	0.23%	0.34%	0.23%
	TXT	D	0.02%	0.06%	0.02%
	UBER	D	0.17%	0.04%	0.04%
	UDR	B	0.02%	0.02%	0.02%
	UHAL	D	0.01%	0.02%	0.01%
	UHS	D	0.02%	0.08%	0.02%
	ULTA	F	0.02%	0.03%	0.02%
	UNH	C	0.68%	1.22%	0.68%
	UNP	C	0.18%	0.35%	0.18%
	UPS	C	0.12%	0.28%	0.12%
	URI	B	0.07%	0.13%	0.07%
	USB	A	0.1%	0.32%	0.1%
	V	A	0.63%	0.36%	0.36%
	VICI	C	0.04%	0.02%	0.02%
	VLO	C	0.06%	0.39%	0.06%
	VMC	B	0.05%	0.05%	0.05%
	VRSK	A	0.05%	0.04%	0.04%
	VRSN	F	0.02%	0.01%	0.01%
	VRTX	F	0.15%	0.07%	0.07%
	VST	B	0.07%	0.16%	0.07%
	VTR	C	0.03%	0.08%	0.03%
	VTRS	A	0.02%	0.1%	0.02%
	VZ	C	0.22%	1.13%	0.22%
	WAB	B	0.04%	0.06%	0.04%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.01%	0.17%	0.01%
	WBD	C	0.03%	0.08%	0.03%
	WDC	D	0.03%	0.12%	0.03%
	WEC	A	0.04%	0.08%	0.04%
	WELL	A	0.11%	0.1%	0.1%
	WFC	A	0.33%	1.35%	0.33%
	WLK	D	0.01%	0.02%	0.01%
	WM	A	0.11%	0.15%	0.11%
	WMB	A	0.09%	0.17%	0.09%
	WMT	A	0.49%	1.47%	0.49%
	WPC	D	0.02%	0.02%	0.02%
	WRB	A	0.02%	0.03%	0.02%
	WSM	B	0.02%	0.04%	0.02%
	WSO	A	0.02%	0.03%	0.02%
	WST	C	0.03%	0.02%	0.02%
	WTRG	B	0.01%	0.01%	0.01%
	WTW	B	0.04%	0.07%	0.04%
	WY	D	0.03%	0.09%	0.03%
	XEL	A	0.05%	0.12%	0.05%
	XOM	B	0.68%	1.99%	0.68%
	XYL	D	0.04%	0.03%	0.03%
	YUM	B	0.05%	0.08%	0.05%
	ZBH	C	0.03%	0.05%	0.03%
	ZBRA	B	0.02%	0.04%	0.02%
	ZTS	D	0.1%	0.07%	0.07%

ACWI Overweight 113 Positions Relative to FNDX

	Symbol	Grade	Weight
	TM	D	0.23%
	BABA	D	0.21%
	MUFG	B	0.17%
	PLTR	B	0.16%
	SONY	B	0.15%
	MELI	D	0.11%
	HDB	C	0.11%
	SMFG	B	0.11%
	IBN	C	0.1%
	CRWD	B	0.1%
	MSTR	C	0.09%
	CRH	A	0.09%
	COIN	C	0.08%
	APP	B	0.08%
	TTD	B	0.07%
	DASH	A	0.07%
	WDAY	B	0.07%
	FICO	B	0.07%
	ABNB	C	0.07%
	MFG	B	0.07%
	RCL	A	0.07%
	AXON	A	0.06%
	TEL	B	0.06%
	FLUT	A	0.06%
	WCN	A	0.06%
	VRT	B	0.06%
	DDOG	A	0.05%
	TEAM	A	0.05%
	SNOW	C	0.05%
	HMC	F	0.05%
	FERG	B	0.05%
	TPL	A	0.04%
	MPWR	F	0.04%
	CSGP	D	0.04%
	NET	B	0.04%
	ALNY	D	0.04%
	DXCM	D	0.04%
	VEEV	C	0.04%
	ARES	A	0.04%
	HUBS	A	0.04%
	TCOM	B	0.04%
	FDS	B	0.03%
	COO	D	0.03%
	MDB	C	0.03%
	LYV	A	0.03%
	PTC	A	0.03%
	BIDU	F	0.03%
	RBLX	C	0.03%
	TYL	B	0.03%
	VLTO	D	0.03%
	ELS	C	0.02%
	OKTA	C	0.02%
	AMH	D	0.02%
	Z	A	0.02%
	HEI	B	0.02%
	DT	C	0.02%
	CHT	D	0.02%
	LI	F	0.02%
	ROL	B	0.02%
	TOST	B	0.02%
	SMCI	F	0.02%
	ENTG	D	0.02%
	UTHR	C	0.02%
	TW	A	0.02%
	HEI	B	0.02%
	TWLO	A	0.02%
	FWONK	B	0.02%
	UMC	F	0.02%
	DOCU	A	0.02%
	PSTG	D	0.02%
	MANH	D	0.02%
	YUMC	C	0.02%
	PINS	D	0.02%
	HOOD	B	0.02%
	DKNG	B	0.02%
	NMR	B	0.02%
	ZM	B	0.02%
	PODD	C	0.02%
	ZS	C	0.02%
	EXE	B	0.02%
	CELH	F	0.01%
	MBAVU	D	0.01%
	BILI	D	0.01%
	H	B	0.01%
	FOX	A	0.01%
	NIO	F	0.01%
	AZPN	A	0.01%
	XPEV	C	0.01%
	RIVN	F	0.01%
	BIO	D	0.01%
	MTCH	D	0.01%
	BSY	D	0.01%
	TME	D	0.01%
	WIT	A	0.01%
	ENPH	F	0.01%
	RPRX	D	0.01%
	NLY	C	0.01%
	ROKU	D	0.01%
	WYNN	D	0.01%
	BGNE	D	0.01%
	CHRD	D	0.01%
	EXAS	D	0.01%
	TECH	D	0.01%
	DAY	B	0.01%
	MKTX	D	0.01%
	IOT	A	0.01%
	PAYC	B	0.01%
	ERIE	D	0.01%
	SNAP	C	0.01%
	INCY	C	0.01%
	BMRN	D	0.01%
	NBIX	C	0.01%
	MNSO	F	0.0%

ACWI Underweight 218 Positions Relative to FNDX

	Symbol	Grade	Weight
	LUMN	C	-0.65%
	ARW	D	-0.08%
	USFD	A	-0.08%
	WHR	B	-0.08%
	WKC	D	-0.08%
	JLL	D	-0.08%
	VFC	C	-0.07%
	CMA	A	-0.07%
	THC	D	-0.07%
	R	B	-0.07%
	X	C	-0.07%
	LAD	A	-0.07%
	AVT	C	-0.07%
	TOL	B	-0.06%
	M	D	-0.06%
	JEF	A	-0.06%
	UNM	A	-0.06%
	AA	B	-0.06%
	ZION	B	-0.06%
	OMF	A	-0.06%
	MHK	D	-0.06%
	FLEX	A	-0.06%
	PFGC	B	-0.06%
	KSS	F	-0.06%
	VNO	B	-0.05%
	INGR	B	-0.05%
	ORI	A	-0.05%
	IVZ	B	-0.05%
	AN	C	-0.05%
	KD	B	-0.05%
	DXC	B	-0.05%
	ALSN	B	-0.05%
	LEA	D	-0.05%
	TDS	B	-0.05%
	GPI	A	-0.05%
	CASY	A	-0.05%
	BWA	D	-0.05%
	TPR	B	-0.05%
	SFM	A	-0.05%
	BFH	B	-0.05%
	LNC	B	-0.05%
	LPX	B	-0.04%
	BCC	B	-0.04%
	GAP	C	-0.04%
	OSK	B	-0.04%
	AMG	B	-0.04%
	ZIM	C	-0.04%
	UFPI	B	-0.04%
	FYBR	D	-0.04%
	CNO	A	-0.04%
	DOX	D	-0.04%
	CRBG	B	-0.04%
	SLM	A	-0.04%
	TMHC	B	-0.04%
	GT	C	-0.04%
	RGA	A	-0.04%
	RHI	B	-0.04%
	FAF	A	-0.04%
	MUSA	A	-0.04%
	BERY	B	-0.04%
	PVH	C	-0.04%
	PNW	B	-0.04%
	AYI	B	-0.04%
	WCC	B	-0.04%
	THO	B	-0.04%
	EVR	B	-0.04%
	OGN	D	-0.04%
	JXN	C	-0.04%
	MAN	D	-0.04%
	UGI	A	-0.04%
	EXP	A	-0.03%
	SEE	C	-0.03%
	THG	A	-0.03%
	LSTR	D	-0.03%
	PRI	A	-0.03%
	AR	B	-0.03%
	FMC	D	-0.03%
	SCI	B	-0.03%
	GNTX	C	-0.03%
	AAP	C	-0.03%
	BTU	B	-0.03%
	ITT	A	-0.03%
	KBH	D	-0.03%
	CW	B	-0.03%
	TPH	D	-0.03%
	G	B	-0.03%
	FLR	B	-0.03%
	SNX	C	-0.03%
	BC	C	-0.03%
	ABG	B	-0.03%
	SNV	B	-0.03%
	VOYA	B	-0.03%
	ARMK	B	-0.03%
	CAR	C	-0.03%
	OGE	B	-0.03%
	GPK	C	-0.03%
	HAS	D	-0.03%
	FL	F	-0.03%
	RRX	B	-0.03%
	RL	B	-0.03%
	CACI	D	-0.03%
	MTH	D	-0.03%
	JHG	A	-0.03%
	CLF	F	-0.03%
	EWBC	A	-0.03%
	WU	D	-0.03%
	CIEN	B	-0.03%
	GNW	A	-0.03%
	NXST	C	-0.03%
	HUN	F	-0.03%
	FHN	A	-0.03%
	CMC	B	-0.03%
	OLN	D	-0.03%
	PBF	D	-0.03%
	MTZ	B	-0.03%
	SANM	B	-0.03%
	NWL	B	-0.03%
	HBI	B	-0.03%
	GL	B	-0.03%
	MLI	C	-0.03%
	MDU	D	-0.02%
	MTN	C	-0.02%
	ODP	F	-0.02%
	COHR	B	-0.02%
	ALV	C	-0.02%
	ALK	C	-0.02%
	ADNT	F	-0.02%
	FLO	D	-0.02%
	MPW	F	-0.02%
	MATX	C	-0.02%
	LEG	F	-0.02%
	BPOP	B	-0.02%
	CHKP	D	-0.02%
	ARCH	B	-0.02%
	TKR	D	-0.02%
	MIDD	C	-0.02%
	AER	B	-0.02%
	NSIT	F	-0.02%
	KBR	F	-0.02%
	POR	C	-0.02%
	MKSI	C	-0.02%
	VAC	B	-0.02%
	XRX	F	-0.02%
	ASO	F	-0.02%
	WERN	C	-0.02%
	OI	C	-0.02%
	POST	C	-0.02%
	NFG	A	-0.02%
	ASGN	F	-0.02%
	NAVI	C	-0.02%
	SM	B	-0.02%
	CZR	F	-0.02%
	CCEP	C	-0.02%
	LECO	B	-0.02%
	ST	F	-0.02%
	AL	B	-0.02%
	MUR	D	-0.02%
	TPX	B	-0.02%
	PII	D	-0.02%
	STWD	C	-0.02%
	PAG	B	-0.02%
	HUBG	A	-0.02%
	SLG	B	-0.02%
	GXO	B	-0.02%
	PENN	C	-0.02%
	HOG	D	-0.02%
	NOV	C	-0.02%
	DCI	B	-0.02%
	NVT	B	-0.02%
	BECN	B	-0.02%
	SKX	D	-0.02%
	CC	C	-0.02%
	LAMR	D	-0.02%
	PK	B	-0.02%
	BRX	A	-0.02%
	MTG	C	-0.02%
	ABM	B	-0.02%
	DAR	C	-0.02%
	ATR	B	-0.02%
	BJ	A	-0.02%
	EHC	B	-0.02%
	RUSHA	C	-0.02%
	SAIC	F	-0.02%
	REZI	A	-0.02%
	GNRC	B	-0.02%
	TGNA	B	-0.02%
	BAP	B	-0.02%
	SON	D	-0.02%
	AXTA	A	-0.02%
	VSH	D	-0.01%
	ANDE	D	-0.01%
	LILAK	D	-0.01%
	CNXC	F	-0.01%
	DBX	B	-0.01%
	ICLR	D	-0.01%
	MSM	C	-0.01%
	SPTN	D	-0.01%
	CHE	D	-0.01%
	MMS	F	-0.01%
	AEO	F	-0.01%
	CYH	F	-0.01%
	JAZZ	B	-0.01%
	BLD	D	-0.01%
	TNL	A	-0.01%
	PRGO	B	-0.01%
	QRTEA	F	-0.01%
	AAL	B	-0.01%
	FTI	A	-0.01%
	JWN	C	-0.01%
	HRB	D	-0.01%
	XRAY	F	-0.01%
	DK	C	-0.01%
	HTZ	C	-0.01%
	DAN	D	-0.01%
	UNFI	A	-0.01%
	CRI	D	-0.01%
	CNX	A	-0.01%
	CPRI	F	-0.01%

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Specialty Retail Capital Markets Software - Infrastructure Biotechnology Internet Content & Information Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Auto Manufacturers Drug Manufacturers - Major Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Dow Jones Component Electronics Telecommunications Bank Chemical Aerospace Real Estate Investment Trust Banking Medicine Semiconductor Cloud Computing Transport Mining IBD 50

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Utilities - Regulated Electric Business Services Oil & Gas E&P Specialty Retail Banks - Regional - US Software - Application Information Technology Services Semiconductors Diagnostics & Research Specialty Chemicals Credit Services Packaged Foods Packaging & Containers Building Materials Insurance - Property & Casualty Auto Parts Capital Markets Drug Manufacturers - Major

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Computing Electricity Chemical Mining Aerospace Electronics Bank Dow Jones Component Banking Real Estate Investment Trust Telecommunications Semiconductor Transport Insurance Products Medicine Beverage