FNDB vs. ILCB ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to iShares Morningstar U.S. Equity ETF (ILCB)

FNDB

Schwab Fundamental U.S. Broad Market Index ETF

FNDB Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Index. To pursue its goal, the fund generally invests in stocks that are included in the Russell Fundamental U.S. 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

$24.09

Average Daily Volume

89,675

Number of Holdings ^*

1667

* may have additional holdings in another (foreign) market

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally 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 measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$82.19

Average Daily Volume

39,265

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	ILCB
30 Days	1.73%	2.51%
60 Days	5.69%	5.87%
90 Days	7.12%	7.42%
12 Months	29.11%	33.22%

582 Overlapping Holdings

Symbol	Grade	Weight in FNDB	Weight in ILCB	Overlap
A	F	0.05%	0.08%	0.05%
AAPL	C	3.98%	6.14%	3.98%
ABBV	F	0.54%	0.66%	0.54%
ABNB	C	0.01%	0.11%	0.01%
ABT	C	0.32%	0.38%	0.32%
ACGL	C	0.02%	0.07%	0.02%
ACI	C	0.02%	0.01%	0.01%
ACM	B	0.04%	0.03%	0.03%
ACN	B	0.32%	0.42%	0.32%
ADBE	C	0.17%	0.41%	0.17%
ADI	D	0.12%	0.21%	0.12%
ADM	F	0.19%	0.05%	0.05%
ADP	A	0.14%	0.23%	0.14%
ADSK	B	0.03%	0.12%	0.03%
AEE	B	0.06%	0.05%	0.05%
AEP	D	0.15%	0.1%	0.1%
AES	F	0.04%	0.02%	0.02%
AFG	A	0.04%	0.02%	0.02%
AFL	C	0.19%	0.1%	0.1%
AGR	C	0.01%	0.0%	0.0%
AIG	B	0.25%	0.09%	0.09%
AJG	A	0.05%	0.12%	0.05%
AKAM	F	0.03%	0.03%	0.03%
ALB	C	0.03%	0.02%	0.02%
ALGN	D	0.02%	0.03%	0.02%
ALL	B	0.25%	0.1%	0.1%
ALLE	D	0.01%	0.02%	0.01%
ALLY	C	0.09%	0.02%	0.02%
AMAT	F	0.23%	0.3%	0.23%
AMCR	D	0.03%	0.03%	0.03%
AMD	F	0.09%	0.45%	0.09%
AME	A	0.05%	0.08%	0.05%
AMGN	F	0.4%	0.33%	0.33%
AMH	C	0.01%	0.02%	0.01%
AMP	A	0.13%	0.1%	0.1%
AMT	F	0.11%	0.18%	0.11%
AMZN	A	1.41%	3.72%	1.41%
ANET	C	0.03%	0.19%	0.03%
ANSS	B	0.02%	0.06%	0.02%
AON	B	0.12%	0.16%	0.12%
AOS	F	0.02%	0.02%	0.02%
APA	F	0.03%	0.02%	0.02%
APD	B	0.11%	0.13%	0.11%
APH	B	0.08%	0.17%	0.08%
APO	B	0.04%	0.12%	0.04%
APP	B	0.02%	0.11%	0.02%
APTV	F	0.02%	0.03%	0.02%
AR	B	0.02%	0.02%	0.02%
ARE	F	0.03%	0.03%	0.03%
ARES	B	0.01%	0.06%	0.01%
ATO	B	0.04%	0.04%	0.04%
AVB	B	0.05%	0.06%	0.05%
AVGO	C	0.61%	1.58%	0.61%
AVTR	F	0.02%	0.03%	0.02%
AVY	F	0.04%	0.03%	0.03%
AWK	D	0.04%	0.05%	0.04%
AXP	B	0.33%	0.31%	0.31%
AZO	B	0.05%	0.1%	0.05%
BA	F	0.11%	0.21%	0.11%
BAC	A	1.17%	0.57%	0.57%
BAH	C	0.04%	0.04%	0.04%
BALL	D	0.05%	0.04%	0.04%
BAX	F	0.07%	0.03%	0.03%
BBY	C	0.14%	0.03%	0.03%
BDX	F	0.1%	0.13%	0.1%
BEN	C	0.04%	0.01%	0.01%
BG	D	0.09%	0.02%	0.02%
BIIB	F	0.09%	0.05%	0.05%
BJ	B	0.02%	0.02%	0.02%
BK	B	0.24%	0.11%	0.11%
BKNG	A	0.22%	0.32%	0.22%
BKR	B	0.15%	0.08%	0.08%
BLD	F	0.02%	0.02%	0.02%
BLDR	C	0.05%	0.04%	0.04%
BMRN	F	0.01%	0.02%	0.01%
BMY	B	0.38%	0.21%	0.21%
BR	A	0.03%	0.05%	0.03%
BRK.A	B	1.98%	1.57%	1.57%
BRKR	F	0.01%	0.01%	0.01%
BRO	B	0.02%	0.05%	0.02%
BSX	A	0.08%	0.24%	0.08%
BSY	F	0.0%	0.01%	0.0%
BURL	C	0.02%	0.03%	0.02%
BX	A	0.11%	0.24%	0.11%
BXP	D	0.05%	0.02%	0.02%
C	B	1.02%	0.25%	0.25%
CAG	F	0.05%	0.03%	0.03%
CAH	B	0.07%	0.06%	0.06%
CARR	C	0.11%	0.12%	0.11%
CASY	B	0.05%	0.03%	0.03%
CAT	B	0.38%	0.36%	0.36%
CB	C	0.24%	0.2%	0.2%
CBRE	B	0.12%	0.08%	0.08%
CCI	F	0.09%	0.09%	0.09%
CCK	D	0.04%	0.02%	0.02%
CCL	B	0.06%	0.05%	0.05%
CDNS	B	0.03%	0.15%	0.03%
CDW	F	0.05%	0.05%	0.05%
CE	F	0.04%	0.02%	0.02%
CEG	D	0.1%	0.14%	0.1%
CF	B	0.06%	0.03%	0.03%
CFG	B	0.1%	0.04%	0.04%
CG	B	0.03%	0.02%	0.02%
CHD	A	0.04%	0.05%	0.04%
CHDN	B	0.01%	0.02%	0.01%
CHTR	B	0.32%	0.07%	0.07%
CI	D	0.43%	0.17%	0.17%
CINF	A	0.07%	0.04%	0.04%
CL	F	0.12%	0.14%	0.12%
CLH	B	0.02%	0.03%	0.02%
CLX	A	0.04%	0.04%	0.04%
CMCSA	B	0.77%	0.32%	0.32%
CME	B	0.07%	0.15%	0.07%
CMG	B	0.03%	0.15%	0.03%
CMI	A	0.17%	0.09%	0.09%
CMS	D	0.05%	0.04%	0.04%
CNC	F	0.18%	0.06%	0.06%
CNH	D	0.02%	0.02%	0.02%
CNM	D	0.01%	0.01%	0.01%
CNP	B	0.06%	0.04%	0.04%
COF	B	0.44%	0.13%	0.13%
COIN	B	0.02%	0.1%	0.02%
COP	C	0.44%	0.24%	0.24%
COR	B	0.02%	0.08%	0.02%
COST	B	0.62%	0.79%	0.62%
COTY	D	0.0%	0.01%	0.0%
CPAY	A	0.05%	0.05%	0.05%
CPB	F	0.03%	0.02%	0.02%
CPNG	B	0.01%	0.05%	0.01%
CPRT	A	0.02%	0.09%	0.02%
CPT	C	0.02%	0.02%	0.02%
CRL	C	0.02%	0.02%	0.02%
CRM	B	0.14%	0.56%	0.14%
CSCO	A	0.76%	0.44%	0.44%
CSGP	F	0.01%	0.06%	0.01%
CSL	B	0.04%	0.04%	0.04%
CSX	B	0.2%	0.13%	0.13%
CTAS	B	0.08%	0.15%	0.08%
CTRA	B	0.03%	0.03%	0.03%
CTSH	A	0.17%	0.08%	0.08%
CTVA	C	0.08%	0.08%	0.08%
CVS	F	0.63%	0.13%	0.13%
CVX	A	1.12%	0.5%	0.5%
D	D	0.16%	0.09%	0.09%
DAL	A	0.03%	0.07%	0.03%
DASH	A	0.01%	0.1%	0.01%
DAY	B	0.0%	0.02%	0.0%
DD	D	0.16%	0.07%	0.07%
DE	D	0.21%	0.19%	0.19%
DECK	B	0.03%	0.05%	0.03%
DELL	C	0.02%	0.07%	0.02%
DFS	B	0.24%	0.08%	0.08%
DG	F	0.07%	0.03%	0.03%
DGX	B	0.07%	0.03%	0.03%
DHI	D	0.15%	0.1%	0.1%
DHR	F	0.14%	0.3%	0.14%
DINO	D	0.05%	0.01%	0.01%
DIS	B	0.38%	0.34%	0.34%
DKS	D	0.04%	0.02%	0.02%
DLR	C	0.08%	0.11%	0.08%
DLTR	F	0.04%	0.02%	0.02%
DOC	C	0.03%	0.03%	0.03%
DOV	A	0.06%	0.05%	0.05%
DOW	F	0.17%	0.06%	0.06%
DPZ	C	0.03%	0.03%	0.03%
DRI	B	0.05%	0.04%	0.04%
DT	C	0.0%	0.03%	0.0%
DTE	D	0.07%	0.05%	0.05%
DUK	D	0.28%	0.17%	0.17%
DVA	C	0.05%	0.01%	0.01%
DVN	F	0.08%	0.05%	0.05%
DXCM	C	0.01%	0.05%	0.01%
EA	A	0.08%	0.07%	0.07%
EBAY	C	0.16%	0.06%	0.06%
ECL	C	0.08%	0.12%	0.08%
ED	D	0.11%	0.06%	0.06%
EFX	F	0.03%	0.06%	0.03%
EG	D	0.01%	0.03%	0.01%
EIX	C	0.09%	0.06%	0.06%
EL	F	0.03%	0.03%	0.03%
ELS	B	0.01%	0.02%	0.01%
ELV	F	0.34%	0.18%	0.18%
EME	B	0.06%	0.05%	0.05%
EMN	D	0.07%	0.02%	0.02%
EMR	A	0.16%	0.14%	0.14%
ENPH	F	0.0%	0.02%	0.0%
ENTG	F	0.01%	0.03%	0.01%
EOG	A	0.21%	0.15%	0.15%
EPAM	B	0.02%	0.02%	0.02%
EQH	B	0.05%	0.02%	0.02%
EQIX	B	0.08%	0.16%	0.08%
EQR	C	0.05%	0.05%	0.05%
EQT	B	0.04%	0.04%	0.04%
ERIE	F	0.0%	0.02%	0.0%
ES	D	0.07%	0.04%	0.04%
ESS	C	0.03%	0.04%	0.03%
ETN	B	0.21%	0.28%	0.21%
ETR	B	0.11%	0.06%	0.06%
EVRG	A	0.07%	0.03%	0.03%
EW	F	0.04%	0.08%	0.04%
EXAS	F	0.0%	0.02%	0.0%
EXC	C	0.15%	0.07%	0.07%
EXPD	C	0.04%	0.03%	0.03%
EXPE	B	0.03%	0.04%	0.03%
EXR	D	0.03%	0.07%	0.03%
F	C	0.3%	0.08%	0.08%
FANG	C	0.05%	0.06%	0.05%
FAST	B	0.07%	0.09%	0.07%
FCNCA	B	0.02%	0.05%	0.02%
FCX	F	0.13%	0.13%	0.13%
FDS	A	0.01%	0.03%	0.01%
FDX	B	0.28%	0.12%	0.12%
FE	D	0.08%	0.04%	0.04%
FFIV	B	0.03%	0.03%	0.03%
FI	A	0.12%	0.23%	0.12%
FICO	B	0.03%	0.11%	0.03%
FIS	B	0.11%	0.09%	0.09%
FITB	A	0.11%	0.06%	0.06%
FIX	B	0.02%	0.03%	0.02%
FLEX	B	0.06%	0.03%	0.03%
FND	F	0.01%	0.02%	0.01%
FNF	C	0.06%	0.02%	0.02%
FOXA	A	0.08%	0.02%	0.02%
FSLR	F	0.02%	0.04%	0.02%
FTNT	B	0.03%	0.11%	0.03%
FTV	C	0.03%	0.05%	0.03%
GD	C	0.2%	0.14%	0.14%
GDDY	B	0.02%	0.04%	0.02%
GE	D	0.15%	0.38%	0.15%
GEHC	D	0.09%	0.06%	0.06%
GEN	B	0.04%	0.03%	0.03%
GEV	B	0.04%	0.18%	0.04%
GGG	B	0.02%	0.03%	0.02%
GILD	B	0.36%	0.23%	0.23%
GIS	F	0.11%	0.07%	0.07%
GLPI	D	0.02%	0.02%	0.02%
GLW	B	0.13%	0.07%	0.07%
GM	B	0.7%	0.12%	0.12%
GOOG	C	1.07%	1.77%	1.07%
GOOGL	C	1.24%	1.97%	1.24%
GPC	D	0.04%	0.03%	0.03%
GPN	B	0.08%	0.05%	0.05%
GRMN	A	0.03%	0.06%	0.03%
GS	B	0.57%	0.36%	0.36%
GWW	B	0.08%	0.1%	0.08%
HAL	C	0.06%	0.05%	0.05%
HBAN	A	0.07%	0.05%	0.05%
HCA	D	0.19%	0.13%	0.13%
HD	B	0.74%	0.76%	0.74%
HEI	A	0.02%	0.02%	0.02%
HEI	A	0.02%	0.03%	0.02%
HES	B	0.05%	0.07%	0.05%
HIG	C	0.13%	0.07%	0.07%
HII	F	0.03%	0.02%	0.02%
HLT	A	0.06%	0.11%	0.06%
HOLX	D	0.04%	0.03%	0.03%
HON	B	0.32%	0.27%	0.27%
HPE	B	0.2%	0.05%	0.05%
HPQ	B	0.19%	0.07%	0.07%
HRL	F	0.03%	0.02%	0.02%
HST	D	0.04%	0.02%	0.02%
HSY	F	0.03%	0.05%	0.03%
HUBB	C	0.03%	0.05%	0.03%
HUM	D	0.18%	0.06%	0.06%
HWM	B	0.06%	0.09%	0.06%
IBKR	A	0.01%	0.03%	0.01%
IBM	D	0.51%	0.37%	0.37%
ICE	C	0.1%	0.17%	0.1%
IDXX	F	0.02%	0.07%	0.02%
IEX	B	0.02%	0.03%	0.02%
IFF	F	0.05%	0.04%	0.04%
ILMN	C	0.03%	0.05%	0.03%
INCY	B	0.02%	0.03%	0.02%
INTC	C	0.86%	0.21%	0.21%
INTU	A	0.1%	0.36%	0.1%
INVH	D	0.02%	0.04%	0.02%
IP	B	0.16%	0.04%	0.04%
IPG	F	0.03%	0.02%	0.02%
IQV	F	0.06%	0.08%	0.06%
IR	A	0.03%	0.08%	0.03%
IRM	D	0.06%	0.07%	0.06%
ISRG	A	0.08%	0.36%	0.08%
IT	B	0.03%	0.08%	0.03%
ITW	B	0.14%	0.15%	0.14%
J	D	0.05%	0.04%	0.04%
JBHT	C	0.05%	0.03%	0.03%
JBL	C	0.06%	0.03%	0.03%
JCI	A	0.15%	0.11%	0.11%
JKHY	C	0.02%	0.02%	0.02%
JNJ	D	0.84%	0.71%	0.71%
JNPR	D	0.05%	0.02%	0.02%
JPM	A	1.83%	1.27%	1.27%
K	A	0.06%	0.04%	0.04%
KDP	C	0.07%	0.07%	0.07%
KEY	B	0.09%	0.03%	0.03%
KEYS	C	0.04%	0.05%	0.04%
KHC	F	0.09%	0.05%	0.05%
KIM	A	0.03%	0.03%	0.03%
KKR	B	0.11%	0.19%	0.11%
KLAC	F	0.08%	0.17%	0.08%
KMB	D	0.09%	0.09%	0.09%
KMI	B	0.21%	0.1%	0.1%
KMX	B	0.06%	0.02%	0.02%
KO	F	0.33%	0.47%	0.33%
KR	A	0.28%	0.08%	0.08%
KVUE	A	0.05%	0.08%	0.05%
L	A	0.04%	0.03%	0.03%
LDOS	C	0.08%	0.05%	0.05%
LECO	C	0.02%	0.02%	0.02%
LEN	D	0.15%	0.08%	0.08%
LEN	D	0.15%	0.0%	0.0%
LH	B	0.09%	0.04%	0.04%
LHX	B	0.16%	0.09%	0.09%
LII	B	0.03%	0.04%	0.03%
LIN	D	0.31%	0.42%	0.31%
LKQ	C	0.05%	0.02%	0.02%
LLY	F	0.19%	1.33%	0.19%
LMT	D	0.35%	0.23%	0.23%
LNG	B	0.06%	0.09%	0.06%
LNT	C	0.04%	0.03%	0.03%
LOW	B	0.4%	0.29%	0.29%
LPLA	A	0.04%	0.04%	0.04%
LRCX	F	0.15%	0.19%	0.15%
LULU	B	0.01%	0.06%	0.01%
LUV	B	0.02%	0.04%	0.02%
LVS	C	0.04%	0.04%	0.04%
LW	B	0.02%	0.02%	0.02%
LYB	F	0.13%	0.04%	0.04%
LYV	A	0.0%	0.03%	0.0%
MA	B	0.27%	0.81%	0.27%
MAA	C	0.03%	0.04%	0.03%
MANH	C	0.01%	0.03%	0.01%
MAR	A	0.08%	0.12%	0.08%
MAS	D	0.05%	0.03%	0.03%
MCD	C	0.31%	0.41%	0.31%
MCHP	F	0.05%	0.07%	0.05%
MCK	B	0.1%	0.15%	0.1%
MCO	C	0.06%	0.14%	0.06%
MDLZ	F	0.18%	0.17%	0.17%
MDT	D	0.15%	0.21%	0.15%
MEDP	D	0.0%	0.02%	0.0%
MELI	D	0.0%	0.17%	0.0%
MET	C	0.23%	0.09%	0.09%
META	B	1.68%	2.44%	1.68%
MGM	D	0.05%	0.02%	0.02%
MKC	D	0.03%	0.04%	0.03%
MKL	A	0.04%	0.04%	0.04%
MLM	B	0.04%	0.07%	0.04%
MMC	D	0.13%	0.21%	0.13%
MMM	C	0.33%	0.14%	0.14%
MNST	B	0.04%	0.07%	0.04%
MO	A	0.33%	0.17%	0.17%
MOH	F	0.04%	0.04%	0.04%
MORN	B	0.01%	0.02%	0.01%
MOS	D	0.06%	0.02%	0.02%
MPC	D	0.36%	0.1%	0.1%
MPWR	F	0.01%	0.07%	0.01%
MRK	F	0.41%	0.49%	0.41%
MRNA	F	0.03%	0.03%	0.03%
MRO	B	0.08%	0.03%	0.03%
MRVL	B	0.04%	0.15%	0.04%
MS	A	0.42%	0.31%	0.31%
MSCI	B	0.03%	0.09%	0.03%
MSFT	C	2.22%	5.93%	2.22%
MSI	B	0.06%	0.16%	0.06%
MTB	A	0.1%	0.07%	0.07%
MTD	F	0.03%	0.05%	0.03%
MU	D	0.39%	0.23%	0.23%
NBIX	C	0.0%	0.02%	0.0%
NDAQ	B	0.03%	0.06%	0.03%
NDSN	B	0.02%	0.03%	0.02%
NEE	D	0.23%	0.3%	0.23%
NEM	F	0.13%	0.1%	0.1%
NFLX	A	0.15%	0.64%	0.15%
NI	A	0.04%	0.03%	0.03%
NKE	F	0.17%	0.17%	0.17%
NOC	D	0.19%	0.15%	0.15%
NOW	A	0.02%	0.39%	0.02%
NRG	C	0.1%	0.04%	0.04%
NSC	B	0.19%	0.12%	0.12%
NTAP	D	0.07%	0.05%	0.05%
NTRS	A	0.07%	0.04%	0.04%
NUE	D	0.19%	0.07%	0.07%
NVDA	A	0.37%	6.61%	0.37%
NVR	D	0.07%	0.05%	0.05%
NVT	C	0.02%	0.02%	0.02%
NWSA	B	0.04%	0.02%	0.02%
NXPI	F	0.05%	0.11%	0.05%
O	D	0.03%	0.09%	0.03%
OC	A	0.06%	0.03%	0.03%
ODFL	B	0.05%	0.08%	0.05%
OKE	A	0.13%	0.12%	0.12%
OKTA	C	0.0%	0.02%	0.0%
OMC	A	0.07%	0.04%	0.04%
ON	F	0.04%	0.06%	0.04%
ORCL	A	0.47%	0.57%	0.47%
ORLY	A	0.1%	0.13%	0.1%
OTIS	D	0.05%	0.08%	0.05%
OVV	C	0.05%	0.02%	0.02%
OXY	F	0.1%	0.06%	0.06%
PAG	B	0.02%	0.01%	0.01%
PANW	B	0.03%	0.24%	0.03%
PAYC	B	0.01%	0.02%	0.01%
PAYX	B	0.06%	0.09%	0.06%
PCAR	B	0.14%	0.11%	0.11%
PCG	A	0.03%	0.08%	0.03%
PEG	C	0.1%	0.08%	0.08%
PEP	D	0.38%	0.43%	0.38%
PFE	F	0.64%	0.29%	0.29%
PFG	C	0.08%	0.04%	0.04%
PFGC	B	0.06%	0.03%	0.03%
PG	C	0.71%	0.75%	0.71%
PGR	A	0.22%	0.29%	0.22%
PH	A	0.12%	0.17%	0.12%
PHM	D	0.1%	0.05%	0.05%
PINS	F	0.01%	0.03%	0.01%
PKG	B	0.07%	0.04%	0.04%
PLD	D	0.07%	0.2%	0.07%
PLTR	B	0.01%	0.22%	0.01%
PM	B	0.43%	0.37%	0.37%
PNC	B	0.28%	0.15%	0.15%
PNR	A	0.03%	0.03%	0.03%
PODD	B	0.0%	0.03%	0.0%
POOL	D	0.02%	0.03%	0.02%
PPG	F	0.08%	0.06%	0.06%
PPL	A	0.1%	0.05%	0.05%
PRU	B	0.2%	0.08%	0.08%
PSA	D	0.05%	0.1%	0.05%
PSTG	D	0.0%	0.03%	0.0%
PSX	C	0.32%	0.1%	0.1%
PTC	B	0.01%	0.04%	0.01%
PWR	B	0.07%	0.09%	0.07%
PYPL	A	0.2%	0.16%	0.16%
QCOM	F	0.41%	0.36%	0.36%
QRVO	F	0.03%	0.01%	0.01%
RCL	A	0.03%	0.1%	0.03%
REG	A	0.02%	0.02%	0.02%
REGN	F	0.1%	0.17%	0.1%
RF	A	0.08%	0.04%	0.04%
RGA	A	0.04%	0.03%	0.03%
RJF	A	0.05%	0.06%	0.05%
RMD	C	0.03%	0.07%	0.03%
RNR	D	0.01%	0.03%	0.01%
ROK	B	0.05%	0.06%	0.05%
ROL	C	0.01%	0.03%	0.01%
ROP	A	0.05%	0.11%	0.05%
ROST	D	0.07%	0.09%	0.07%
RPM	A	0.03%	0.03%	0.03%
RPRX	F	0.01%	0.02%	0.01%
RRX	B	0.03%	0.02%	0.02%
RS	C	0.08%	0.03%	0.03%
RSG	B	0.06%	0.08%	0.06%
RTX	D	0.32%	0.31%	0.31%
RVTY	C	0.03%	0.03%	0.03%
SAIA	B	0.02%	0.03%	0.02%
SBAC	D	0.02%	0.05%	0.02%
SBUX	B	0.26%	0.21%	0.21%
SCHW	B	0.11%	0.2%	0.11%
SCI	B	0.03%	0.02%	0.02%
SHW	A	0.08%	0.17%	0.08%
SIRI	C	0.05%	0.01%	0.01%
SJM	F	0.05%	0.02%	0.02%
SLB	C	0.11%	0.12%	0.11%
SMCI	F	0.01%	0.02%	0.01%
SNA	A	0.05%	0.04%	0.04%
SNAP	C	0.0%	0.02%	0.0%
SNOW	C	0.0%	0.07%	0.0%
SNPS	C	0.03%	0.16%	0.03%
SNX	C	0.03%	0.01%	0.01%
SO	D	0.24%	0.18%	0.18%
SOLV	C	0.02%	0.02%	0.02%
SPG	A	0.1%	0.1%	0.1%
SPGI	C	0.13%	0.3%	0.13%
SQ	B	0.02%	0.08%	0.02%
SRE	B	0.12%	0.11%	0.11%
SSNC	C	0.03%	0.03%	0.03%
STE	D	0.03%	0.04%	0.03%
STLD	C	0.11%	0.04%	0.04%
STT	B	0.09%	0.05%	0.05%
STX	D	0.09%	0.04%	0.04%
STZ	D	0.06%	0.07%	0.06%
SUI	F	0.02%	0.03%	0.02%
SW	B	0.08%	0.05%	0.05%
SWK	F	0.06%	0.03%	0.03%
SWKS	F	0.04%	0.03%	0.03%
SYF	B	0.31%	0.05%	0.05%
SYK	A	0.11%	0.26%	0.11%
SYY	D	0.09%	0.07%	0.07%
T	A	1.17%	0.3%	0.3%
TAP	B	0.05%	0.02%	0.02%
TDG	D	0.06%	0.14%	0.06%
TDY	B	0.03%	0.04%	0.03%
TECH	D	0.01%	0.02%	0.01%
TER	F	0.03%	0.03%	0.03%
TFC	B	0.21%	0.11%	0.11%
TFX	F	0.02%	0.02%	0.02%
TGT	C	0.34%	0.13%	0.13%
THC	B	0.07%	0.03%	0.03%
TJX	A	0.2%	0.25%	0.2%
TMO	F	0.23%	0.4%	0.23%
TMUS	A	0.23%	0.22%	0.22%
TOL	B	0.05%	0.03%	0.03%
TPL	B	0.01%	0.05%	0.01%
TRGP	B	0.06%	0.08%	0.06%
TRMB	B	0.03%	0.03%	0.03%
TROW	A	0.11%	0.05%	0.05%
TRU	D	0.03%	0.04%	0.03%
TRV	B	0.28%	0.11%	0.11%
TSCO	D	0.05%	0.06%	0.05%
TSLA	B	0.26%	1.68%	0.26%
TSN	B	0.17%	0.03%	0.03%
TT	B	0.06%	0.17%	0.06%
TTD	B	0.01%	0.11%	0.01%
TTEK	F	0.02%	0.02%	0.02%
TTWO	A	0.03%	0.06%	0.03%
TW	B	0.01%	0.03%	0.01%
TWLO	B	0.01%	0.03%	0.01%
TXN	B	0.33%	0.38%	0.33%
TXT	D	0.05%	0.03%	0.03%
TYL	B	0.01%	0.05%	0.01%
UAL	A	0.03%	0.05%	0.03%
UBER	F	0.03%	0.27%	0.03%
UDR	C	0.02%	0.03%	0.02%
UHAL	D	0.02%	0.0%	0.0%
UHAL	D	0.02%	0.01%	0.01%
UHS	D	0.08%	0.02%	0.02%
ULTA	C	0.03%	0.04%	0.03%
UNH	B	1.16%	1.07%	1.07%
UNM	A	0.05%	0.02%	0.02%
UNP	D	0.33%	0.28%	0.28%
UPS	C	0.26%	0.18%	0.18%
URI	B	0.13%	0.11%	0.11%
USB	B	0.29%	0.15%	0.15%
USFD	B	0.07%	0.03%	0.03%
UTHR	B	0.02%	0.03%	0.02%
V	A	0.33%	0.97%	0.33%
VEEV	B	0.01%	0.07%	0.01%
VICI	D	0.02%	0.06%	0.02%
VLO	C	0.35%	0.08%	0.08%
VLTO	D	0.02%	0.05%	0.02%
VMC	B	0.04%	0.07%	0.04%
VRSK	A	0.04%	0.08%	0.04%
VRSN	C	0.01%	0.03%	0.01%
VRT	B	0.02%	0.09%	0.02%
VRTX	B	0.07%	0.25%	0.07%
VST	B	0.15%	0.09%	0.09%
VTR	C	0.07%	0.05%	0.05%
VTRS	B	0.09%	0.03%	0.03%
VZ	D	1.03%	0.32%	0.32%
WAB	B	0.06%	0.07%	0.06%
WAT	B	0.04%	0.04%	0.04%
WBA	D	0.16%	0.01%	0.01%
WBD	B	0.07%	0.04%	0.04%
WDAY	B	0.01%	0.1%	0.01%
WDC	D	0.12%	0.04%	0.04%
WEC	B	0.08%	0.06%	0.06%
WELL	B	0.1%	0.16%	0.1%
WFC	A	1.2%	0.45%	0.45%
WING	D	0.0%	0.02%	0.0%
WLK	F	0.01%	0.01%	0.01%
WM	A	0.14%	0.15%	0.14%
WMB	B	0.16%	0.13%	0.13%
WMS	F	0.01%	0.02%	0.01%
WMT	A	1.36%	0.69%	0.69%
WPC	F	0.02%	0.02%	0.02%
WRB	B	0.03%	0.03%	0.03%
WSM	F	0.04%	0.03%	0.03%
WSO	B	0.03%	0.04%	0.03%
WST	B	0.02%	0.04%	0.02%
WTRG	C	0.02%	0.02%	0.02%
WTW	A	0.06%	0.06%	0.06%
WY	F	0.09%	0.04%	0.04%
WYNN	C	0.01%	0.02%	0.01%
XEL	A	0.11%	0.07%	0.07%
XOM	B	1.84%	1.01%	1.01%
XPO	B	0.02%	0.03%	0.02%
XYL	F	0.03%	0.06%	0.03%
YUM	B	0.07%	0.07%	0.07%
ZBH	C	0.04%	0.04%	0.04%
ZBRA	B	0.04%	0.04%	0.04%
ZM	B	0.02%	0.04%	0.02%
ZTS	D	0.07%	0.15%	0.07%

FNDB Overweight 1088 Positions Relative to ILCB

Symbol	Grade	Weight
LUMN	C	0.66%
PARA	B	0.1%
X	D	0.08%
WKC	C	0.08%
JLL	C	0.08%
LAD	B	0.07%
WHR	B	0.07%
CHRW	A	0.07%
AVT	C	0.07%
ARW	F	0.07%
OMF	A	0.06%
KSS	D	0.06%
MHK	D	0.06%
AA	C	0.06%
CMA	A	0.06%
VFC	C	0.06%
R	B	0.06%
IVZ	B	0.05%
KD	A	0.05%
VNO	C	0.05%
GPI	B	0.05%
DXC	B	0.05%
LEA	F	0.05%
ALSN	B	0.05%
BWA	B	0.05%
TDS	C	0.05%
LNC	B	0.05%
SFM	B	0.05%
JEF	B	0.05%
M	C	0.05%
BFH	B	0.05%
ZION	B	0.05%
UFPI	B	0.04%
CRBG	C	0.04%
TMHC	B	0.04%
RHI	B	0.04%
FAF	C	0.04%
MUSA	B	0.04%
DOX	C	0.04%
HSIC	F	0.04%
PVH	C	0.04%
WCC	B	0.04%
GT	C	0.04%
BERY	D	0.04%
AYI	A	0.04%
THO	B	0.04%
PNW	A	0.04%
EVR	B	0.04%
MAN	F	0.04%
OGN	F	0.04%
UGI	D	0.04%
KNX	C	0.04%
ORI	A	0.04%
JXN	C	0.04%
INGR	B	0.04%
TPR	A	0.04%
AN	C	0.04%
ITT	A	0.03%
TPH	C	0.03%
CNX	B	0.03%
FLR	C	0.03%
G	B	0.03%
FMC	F	0.03%
ABG	B	0.03%
SEIC	A	0.03%
CW	C	0.03%
BTU	C	0.03%
AIZ	A	0.03%
BC	D	0.03%
KBH	D	0.03%
SNV	B	0.03%
VOYA	B	0.03%
SAIC	D	0.03%
ARMK	B	0.03%
AGCO	F	0.03%
JHG	A	0.03%
OGE	B	0.03%
HAS	D	0.03%
GPK	D	0.03%
GNW	B	0.03%
EWBC	B	0.03%
GEO	B	0.03%
FL	F	0.03%
WU	F	0.03%
FHN	A	0.03%
RL	B	0.03%
NXST	C	0.03%
CIEN	B	0.03%
MTH	D	0.03%
PBF	F	0.03%
SATS	D	0.03%
SLG	C	0.03%
GL	B	0.03%
CMC	B	0.03%
HUN	F	0.03%
HBI	B	0.03%
CLF	F	0.03%
OLN	F	0.03%
NWL	B	0.03%
GAP	B	0.03%
LPX	A	0.03%
MTZ	B	0.03%
CACI	C	0.03%
MLI	B	0.03%
ZIM	B	0.03%
SANM	C	0.03%
OSK	B	0.03%
BCC	B	0.03%
AMG	B	0.03%
SLM	A	0.03%
FYBR	D	0.03%
FBIN	F	0.03%
CNO	B	0.03%
ESI	B	0.02%
VIRT	B	0.02%
GMS	B	0.02%
BYD	A	0.02%
KFY	B	0.02%
SCCO	F	0.02%
CHE	D	0.02%
HIW	D	0.02%
CR	B	0.02%
GATX	B	0.02%
ASB	B	0.02%
WH	A	0.02%
UNIT	C	0.02%
BPOP	C	0.02%
ODP	F	0.02%
AVNT	B	0.02%
FDP	B	0.02%
SPB	A	0.02%
WTFC	B	0.02%
CWK	C	0.02%
DBX	B	0.02%
CADE	B	0.02%
FNB	B	0.02%
RXO	C	0.02%
KRC	C	0.02%
DEI	B	0.02%
MSM	C	0.02%
BKH	A	0.02%
CHKP	C	0.02%
PB	B	0.02%
CFR	B	0.02%
SIG	B	0.02%
LEG	F	0.02%
CBT	C	0.02%
COHR	C	0.02%
TPC	C	0.02%
AWI	B	0.02%
COOP	B	0.02%
DTM	A	0.02%
ARCH	B	0.02%
TKR	F	0.02%
PNFP	B	0.02%
MIDD	D	0.02%
MOG.A	B	0.02%
FRT	B	0.02%
AER	B	0.02%
SEM	C	0.02%
RDN	C	0.02%
BHE	C	0.02%
TTMI	B	0.02%
LOPE	B	0.02%
UAA	B	0.02%
LITE	B	0.02%
SKYW	B	0.02%
MMS	F	0.02%
OI	C	0.02%
POR	D	0.02%
WBS	A	0.02%
MKSI	C	0.02%
GHC	B	0.02%
PRG	B	0.02%
VAC	B	0.02%
Z	B	0.02%
WERN	B	0.02%
BWXT	B	0.02%
SM	C	0.02%
NAVI	D	0.02%
SWX	B	0.02%
DY	C	0.02%
AL	B	0.02%
TTC	F	0.02%
MPW	F	0.02%
GVA	B	0.02%
NFG	D	0.02%
JAZZ	B	0.02%
VMI	B	0.02%
ALK	A	0.02%
XRX	F	0.02%
ASO	F	0.02%
NSIT	F	0.02%
POST	D	0.02%
CCEP	C	0.02%
TPX	B	0.02%
WWD	B	0.02%
CRS	B	0.02%
HUBG	A	0.02%
MATX	B	0.02%
PLXS	C	0.02%
KMPR	A	0.02%
ST	F	0.02%
MUR	D	0.02%
STWD	C	0.02%
MHO	D	0.02%
OHI	C	0.02%
ASGN	D	0.02%
WAL	B	0.02%
CZR	F	0.02%
AIT	A	0.02%
PENN	B	0.02%
KBR	D	0.02%
PII	F	0.02%
BKU	A	0.02%
SLVM	C	0.02%
VSCO	B	0.02%
GXO	B	0.02%
JWN	B	0.02%
NOV	C	0.02%
MAC	B	0.02%
TXRH	A	0.02%
HOG	D	0.02%
CTLT	D	0.02%
GME	C	0.02%
DCI	A	0.02%
HRB	D	0.02%
TNL	A	0.02%
LAMR	D	0.02%
SKX	F	0.02%
FLS	B	0.02%
BECN	B	0.02%
FTI	B	0.02%
HRI	C	0.02%
PK	C	0.02%
REZI	A	0.02%
CC	C	0.02%
CXW	B	0.02%
MTG	C	0.02%
HCC	C	0.02%
BRX	A	0.02%
SF	A	0.02%
DAR	B	0.02%
ABM	B	0.02%
BAP	A	0.02%
AXTA	A	0.02%
ATR	A	0.02%
AAP	C	0.02%
SEE	C	0.02%
THG	A	0.02%
SON	F	0.02%
GNRC	B	0.02%
RUSHA	B	0.02%
EHC	B	0.02%
PRI	B	0.02%
TGNA	B	0.02%
BBWI	C	0.02%
LSTR	B	0.02%
EXP	B	0.02%
ANF	C	0.02%
CAR	C	0.02%
GNTX	C	0.02%
ALG	B	0.01%
THRM	F	0.01%
EYE	C	0.01%
KOS	D	0.01%
NX	C	0.01%
TILE	B	0.01%
HLX	C	0.01%
LYFT	B	0.01%
EXPO	D	0.01%
MD	C	0.01%
IART	C	0.01%
REXR	F	0.01%
OPEN	F	0.01%
MRCY	B	0.01%
ADC	A	0.01%
CDE	D	0.01%
HALO	C	0.01%
ROG	D	0.01%
SXI	B	0.01%
ALGT	B	0.01%
BV	C	0.01%
OLED	F	0.01%
CASH	B	0.01%
PLAB	C	0.01%
CNS	C	0.01%
GNL	F	0.01%
UCTT	F	0.01%
PRK	B	0.01%
LADR	B	0.01%
BLMN	F	0.01%
DLX	B	0.01%
JJSF	C	0.01%
YETI	D	0.01%
CARG	B	0.01%
RRR	F	0.01%
ALIT	C	0.01%
IRDM	B	0.01%
CXT	F	0.01%
GO	C	0.01%
OII	B	0.01%
ATI	F	0.01%
TALO	C	0.01%
MTRN	B	0.01%
OMCL	C	0.01%
NBTB	B	0.01%
CCOI	C	0.01%
CWT	D	0.01%
CHH	B	0.01%
ROIC	A	0.01%
WNC	C	0.01%
CSWI	B	0.01%
KFRC	C	0.01%
KN	B	0.01%
NWN	B	0.01%
NWBI	B	0.01%
KAI	B	0.01%
SAFT	B	0.01%
KLG	F	0.01%
LXP	D	0.01%
KW	C	0.01%
WOR	F	0.01%
REVG	B	0.01%
CBZ	B	0.01%
ARI	C	0.01%
AZEK	B	0.01%
AKR	B	0.01%
CSGS	B	0.01%
DOLE	C	0.01%
PMT	D	0.01%
PRDO	B	0.01%
HL	D	0.01%
FFIN	B	0.01%
OPCH	F	0.01%
ROAD	B	0.01%
EGP	D	0.01%
MGRC	B	0.01%
CNXN	C	0.01%
GOLF	B	0.01%
AMN	F	0.01%
TOWN	B	0.01%
GFF	B	0.01%
CENTA	C	0.01%
PTON	C	0.01%
BCPC	B	0.01%
MGEE	B	0.01%
POWI	D	0.01%
INDB	B	0.01%
EIG	A	0.01%
RBC	B	0.01%
RAMP	C	0.01%
ESE	B	0.01%
AIN	C	0.01%
NHI	D	0.01%
CWEN	D	0.01%
ALEX	B	0.01%
ORA	B	0.01%
SYNA	C	0.01%
RNG	C	0.01%
IBTX	B	0.01%
ESRT	D	0.01%
FTDR	B	0.01%
PBI	C	0.01%
RHP	B	0.01%
LBRDK	C	0.01%
STRA	C	0.01%
MMSI	B	0.01%
FRME	B	0.01%
JACK	C	0.01%
ROCK	C	0.01%
OSIS	B	0.01%
NPO	B	0.01%
VC	F	0.01%
ROKU	C	0.01%
MSA	D	0.01%
MGY	B	0.01%
PDM	D	0.01%
NTCT	B	0.01%
WSFS	B	0.01%
BKE	A	0.01%
OTTR	C	0.01%
ENR	A	0.01%
ICFI	C	0.01%
IBP	F	0.01%
FIVE	F	0.01%
AM	B	0.01%
HAE	B	0.01%
UCB	B	0.01%
AAON	B	0.01%
HTLF	B	0.01%
SAM	B	0.01%
HOMB	A	0.01%
ABR	B	0.01%
ACHC	F	0.01%
ICLR	F	0.01%
HI	C	0.01%
SASR	A	0.01%
NHC	B	0.01%
WSBC	B	0.01%
SCSC	B	0.01%
BOOT	C	0.01%
BXC	B	0.01%
AZZ	B	0.01%
SHO	D	0.01%
SSB	B	0.01%
DDS	B	0.01%
PFS	B	0.01%
ENOV	C	0.01%
AX	B	0.01%
SPTN	F	0.01%
CVBF	B	0.01%
SVC	F	0.01%
KRG	B	0.01%
UE	B	0.01%
COMM	D	0.01%
SKT	A	0.01%
TNET	C	0.01%
HTH	B	0.01%
FIBK	B	0.01%
VIAV	C	0.01%
FFBC	B	0.01%
WSC	F	0.01%
KALU	C	0.01%
FHI	A	0.01%
AEIS	B	0.01%
CHX	C	0.01%
PBH	A	0.01%
FR	D	0.01%
XHR	B	0.01%
BOKF	B	0.01%
MYRG	B	0.01%
EPC	F	0.01%
DHC	F	0.01%
PECO	B	0.01%
CORT	B	0.01%
LANC	C	0.01%
CBU	B	0.01%
STAG	D	0.01%
FSS	C	0.01%
PPBI	B	0.01%
CIVI	D	0.01%
PSN	C	0.01%
HGV	B	0.01%
TRMK	B	0.01%
IBOC	B	0.01%
FN	C	0.01%
AXS	A	0.01%
NGVT	B	0.01%
PRIM	B	0.01%
COMP	B	0.01%
STRL	B	0.01%
CHRD	D	0.01%
HEES	B	0.01%
HELE	C	0.01%
ECPG	C	0.01%
LRN	B	0.01%
CYH	F	0.01%
HOPE	B	0.01%
ETSY	D	0.01%
BFAM	F	0.01%
LBRT	F	0.01%
DIOD	F	0.01%
RLJ	C	0.01%
BANR	B	0.01%
IOSP	B	0.01%
HPP	F	0.01%
AIR	B	0.01%
RIG	C	0.01%
RLI	A	0.01%
DRH	C	0.01%
JELD	F	0.01%
JBT	B	0.01%
TREX	C	0.01%
WWW	B	0.01%
DORM	B	0.01%
AMED	F	0.01%
PLNT	A	0.01%
HLF	C	0.01%
DNB	B	0.01%
CABO	B	0.01%
FELE	B	0.01%
WEX	D	0.01%
ITGR	B	0.01%
IAC	F	0.01%
TROX	F	0.01%
SCL	C	0.01%
CBOE	D	0.01%
UPBD	B	0.01%
IDCC	B	0.01%
ABCB	B	0.01%
NMRK	B	0.01%
COKE	C	0.01%
AMR	C	0.01%
RRC	B	0.01%
ATKR	C	0.01%
VSTO	A	0.01%
DLB	D	0.01%
WTS	B	0.01%
HTZ	C	0.01%
JBGS	F	0.01%
FULT	B	0.01%
IPGP	C	0.01%
MKTX	C	0.01%
RYI	B	0.01%
ICUI	D	0.01%
CVLT	B	0.01%
ENSG	C	0.01%
IGT	F	0.01%
MWA	B	0.01%
SNDR	B	0.01%
WEN	C	0.01%
AROC	B	0.01%
MLKN	D	0.01%
CNK	B	0.01%
PLUS	F	0.01%
SMTC	C	0.01%
SLGN	B	0.01%
BOH	B	0.01%
CBRL	C	0.01%
EPR	D	0.01%
RYN	F	0.01%
ITRI	B	0.01%
CNXC	F	0.01%
H	B	0.01%
CDP	C	0.01%
TDC	F	0.01%
MCY	B	0.01%
APG	C	0.01%
SAH	B	0.01%
EXLS	B	0.01%
YELP	C	0.01%
TPG	B	0.01%
KAR	B	0.01%
RGLD	C	0.01%
PRGO	C	0.01%
TCBI	B	0.01%
OUT	B	0.01%
NEU	C	0.01%
BGC	C	0.01%
CVCO	B	0.01%
THS	F	0.01%
APOG	B	0.01%
AMWD	B	0.01%
FWRD	C	0.01%
CROX	F	0.01%
BXMT	D	0.01%
LZB	B	0.01%
DNOW	B	0.01%
OMI	F	0.01%
CACC	D	0.01%
GMED	B	0.01%
MTCH	F	0.01%
SXT	B	0.01%
SLAB	F	0.01%
MTX	B	0.01%
SCS	B	0.01%
UVV	B	0.01%
PPC	C	0.01%
BCO	F	0.01%
KTB	A	0.01%
WAFD	B	0.01%
CGNX	C	0.01%
APAM	B	0.01%
QRTEA	F	0.01%
SKY	B	0.01%
RH	C	0.01%
CEIX	B	0.01%
AGO	B	0.01%
SIGI	B	0.01%
NOMD	F	0.01%
AVA	C	0.01%
GEF	B	0.01%
LGIH	F	0.01%
COLD	F	0.01%
MOD	D	0.01%
PTEN	C	0.01%
ESNT	D	0.01%
NNN	F	0.01%
MASI	B	0.01%
ZD	B	0.01%
HE	F	0.01%
UMBF	B	0.01%
B	A	0.01%
NJR	A	0.01%
JBLU	C	0.01%
SFNC	B	0.01%
VYX	B	0.01%
MTDR	B	0.01%
SITE	D	0.01%
PDCO	F	0.01%
PCH	F	0.01%
DK	D	0.01%
NWE	C	0.01%
GTES	B	0.01%
ALE	A	0.01%
CATY	B	0.01%
WTM	A	0.01%
WD	D	0.01%
GBCI	B	0.01%
VSTS	D	0.01%
VNT	C	0.01%
OLLI	C	0.01%
PATK	C	0.01%
APLE	B	0.01%
SSD	F	0.01%
VVV	B	0.01%
HXL	F	0.01%
WMK	B	0.01%
PHIN	B	0.01%
WGO	B	0.01%
PIPR	B	0.01%
EEFT	C	0.01%
PFSI	D	0.01%
XRAY	F	0.01%
PSMT	D	0.01%
FUL	F	0.01%
LAUR	B	0.01%
ONB	B	0.01%
DBRG	F	0.01%
ASH	F	0.01%
VSH	F	0.01%
UNF	B	0.01%
COLM	B	0.01%
SN	C	0.01%
SPR	F	0.01%
AMKR	F	0.01%
LFUS	D	0.01%
URBN	C	0.01%
SUM	B	0.01%
SHOO	D	0.01%
BDC	C	0.01%
SR	C	0.01%
IMKTA	B	0.01%
CRI	D	0.01%
HNI	B	0.01%
LNW	F	0.01%
ESAB	B	0.01%
CRC	B	0.01%
CUBE	D	0.01%
UBSI	B	0.01%
SBH	A	0.01%
DAN	D	0.01%
PNM	B	0.01%
STC	C	0.01%
SPOT	A	0.01%
GIII	C	0.01%
NYT	C	0.01%
KMT	B	0.01%
SMG	D	0.01%
UNFI	B	0.01%
LCII	D	0.01%
ENVA	B	0.01%
CCS	F	0.01%
ACIW	B	0.01%
OGS	B	0.01%
KEX	A	0.01%
COLB	A	0.01%
OZK	B	0.01%
ENS	D	0.01%
NVST	C	0.01%
ARCB	C	0.01%
ACA	B	0.01%
TEX	D	0.01%
SBRA	C	0.01%
MDU	D	0.01%
CPRI	F	0.01%
TRN	B	0.01%
AGNC	C	0.01%
CUZ	B	0.01%
LILAK	F	0.01%
BIO	C	0.01%
AAL	B	0.01%
MTN	C	0.01%
EAT	B	0.01%
VLY	B	0.01%
FHB	B	0.01%
ADTN	B	0.01%
HLI	B	0.01%
MC	B	0.01%
FCN	F	0.01%
GBX	A	0.01%
MAT	C	0.01%
HWC	B	0.01%
ANDE	D	0.01%
CALM	B	0.01%
ATGE	C	0.01%
EBS	C	0.01%
CBSH	A	0.01%
EXEL	B	0.01%
CRUS	F	0.01%
KNF	C	0.01%
HP	C	0.01%
PINC	B	0.01%
ELAN	C	0.01%
ALV	C	0.01%
IDA	A	0.01%
ADNT	D	0.01%
AEO	F	0.01%
FLO	F	0.01%
MGPI	F	0.0%
NIC	B	0.0%
TBBK	B	0.0%
HOV	F	0.0%
SEG	F	0.0%
AOSL	D	0.0%
AMRC	F	0.0%
GIC	F	0.0%
PCRX	C	0.0%
ALGM	F	0.0%
PKST	F	0.0%
TWI	F	0.0%
CRNC	D	0.0%
GSM	F	0.0%
LESL	D	0.0%
TTEC	F	0.0%
THR	C	0.0%
AMPH	C	0.0%
SPWH	F	0.0%
MOV	C	0.0%
KE	C	0.0%
SEDG	F	0.0%
MED	D	0.0%
GPRO	D	0.0%
CMTL	F	0.0%
ONEW	D	0.0%
REX	C	0.0%
MODV	D	0.0%
GPMT	C	0.0%
CENT	C	0.0%
OIS	B	0.0%
SRI	F	0.0%
RILY	F	0.0%
PRM	C	0.0%
ATNI	F	0.0%
CRMT	F	0.0%
PETS	B	0.0%
CCRN	F	0.0%
AVD	C	0.0%
SNEX	B	0.0%
BMBL	C	0.0%
BRSP	B	0.0%
JRVR	F	0.0%
MYE	F	0.0%
HLNE	B	0.0%
IRBT	F	0.0%
SSP	F	0.0%
OPI	F	0.0%
FLGT	F	0.0%
TPIC	F	0.0%
NPK	B	0.0%
SSYS	B	0.0%
AGL	F	0.0%
AMSF	B	0.0%
VREX	C	0.0%
TITN	C	0.0%
DENN	C	0.0%
FIZZ	C	0.0%
DHIL	A	0.0%
USPH	C	0.0%
MEI	F	0.0%
RGP	D	0.0%
GTY	C	0.0%
AMBC	C	0.0%
PLOW	C	0.0%
KRNY	B	0.0%
ARKO	D	0.0%
GNK	C	0.0%
CLVT	F	0.0%
CSR	B	0.0%
ALTO	F	0.0%
RUN	F	0.0%
ARCO	D	0.0%
CTRN	D	0.0%
BRY	F	0.0%
SRCE	B	0.0%
FLWS	D	0.0%
TEN	F	0.0%
DBI	F	0.0%
PLCE	C	0.0%
CLDT	B	0.0%
CMP	C	0.0%
OPK	B	0.0%
HASI	F	0.0%
DIN	C	0.0%
CSV	B	0.0%
CLOV	C	0.0%
BJRI	B	0.0%
CNOB	B	0.0%
WOLF	F	0.0%
EVRI	A	0.0%
CCSI	B	0.0%
IRWD	D	0.0%
EDR	B	0.0%
ALKS	C	0.0%
AVNS	F	0.0%
UFCS	B	0.0%
HVT	F	0.0%
DCO	B	0.0%
GDEN	B	0.0%
TMP	B	0.0%
WOW	B	0.0%
SHEN	F	0.0%
AGM	B	0.0%
KREF	D	0.0%
DAC	C	0.0%
WMG	B	0.0%
HAFC	B	0.0%
AVO	B	0.0%
MERC	F	0.0%
ZEUS	C	0.0%
WABC	B	0.0%
WASH	B	0.0%
XPRO	F	0.0%
KNSL	C	0.0%
CRAI	C	0.0%
MATW	C	0.0%
SHYF	C	0.0%
AHCO	F	0.0%
MTUS	D	0.0%
TBI	F	0.0%
CALX	F	0.0%
UTL	C	0.0%
BANF	B	0.0%
MTW	C	0.0%
EBF	C	0.0%
RYAM	B	0.0%
WRLD	C	0.0%
CNNE	C	0.0%
CLB	C	0.0%
THRY	F	0.0%
PFC	B	0.0%
GDOT	C	0.0%
TCBK	B	0.0%
WOOF	D	0.0%
OCFC	B	0.0%
SBLK	D	0.0%
STNE	F	0.0%
HFWA	B	0.0%
BBSI	B	0.0%
SBSI	B	0.0%
HMST	D	0.0%
BRKL	B	0.0%
CLW	F	0.0%
ETD	D	0.0%
MYGN	F	0.0%
VSEC	B	0.0%
CMRE	B	0.0%
EVTC	C	0.0%
STNG	F	0.0%
VRNT	D	0.0%
TKO	D	0.0%
ZIMV	F	0.0%
XP	F	0.0%
ASTH	F	0.0%
CVGW	C	0.0%
SBCF	B	0.0%
PAGS	F	0.0%
PEGA	B	0.0%
USNA	C	0.0%
VAL	D	0.0%
SFIX	B	0.0%
AMC	C	0.0%
MP	C	0.0%
PRVA	B	0.0%
RGR	F	0.0%
VIR	C	0.0%
WTTR	B	0.0%
EGBN	B	0.0%
CTRE	C	0.0%
ILPT	F	0.0%
RMBS	C	0.0%
NUS	C	0.0%
SCVL	D	0.0%
CPF	B	0.0%
SPSC	F	0.0%
CBL	B	0.0%
RWT	D	0.0%
MXL	C	0.0%
LEVI	F	0.0%
SSTK	D	0.0%
RC	D	0.0%
UVE	B	0.0%
HSII	B	0.0%
SMP	B	0.0%
IVT	B	0.0%
OFG	B	0.0%
CFFN	B	0.0%
USM	C	0.0%
PRLB	C	0.0%
SGRY	F	0.0%
CARS	B	0.0%
TSE	F	0.0%
ACLS	F	0.0%
MNRO	B	0.0%
NVRI	F	0.0%
CMTG	F	0.0%
RDNT	B	0.0%
RKT	F	0.0%
IPAR	B	0.0%
RGEN	C	0.0%
ASTE	B	0.0%
DHT	D	0.0%
VCTR	C	0.0%
STEP	B	0.0%
GTN	F	0.0%
BGS	F	0.0%
MATV	F	0.0%
SENEA	B	0.0%
ZUMZ	C	0.0%
TRTX	B	0.0%
PUMP	C	0.0%
WFRD	F	0.0%
GCO	B	0.0%
PRA	B	0.0%
PZZA	D	0.0%
IHRT	B	0.0%
GLDD	B	0.0%
CNSL	C	0.0%
PARR	F	0.0%
FBRT	C	0.0%
ASIX	B	0.0%
RES	F	0.0%
INSW	F	0.0%
SWBI	D	0.0%
LPG	D	0.0%
CPS	C	0.0%
SFBS	B	0.0%
DXPE	B	0.0%
CSTM	F	0.0%
ALRM	C	0.0%
LKFN	B	0.0%
PEN	C	0.0%
GLOB	B	0.0%
SFL	D	0.0%
CMPR	C	0.0%
VTLE	C	0.0%
NVEE	F	0.0%
HLIO	C	0.0%
INVA	C	0.0%
GLNG	C	0.0%
AGRO	C	0.0%
LIVN	C	0.0%
AZTA	F	0.0%
NOG	B	0.0%
PRAA	C	0.0%
RDUS	D	0.0%
VRTS	B	0.0%
CRGY	A	0.0%
LNN	B	0.0%
JBSS	F	0.0%
RNST	B	0.0%
BZH	B	0.0%
ACCO	B	0.0%
W	F	0.0%
GRBK	D	0.0%
FCPT	C	0.0%
NTB	B	0.0%
CMCO	C	0.0%
BRBR	A	0.0%
ZI	C	0.0%
UIS	B	0.0%
HAIN	F	0.0%
LSCC	D	0.0%
FBNC	B	0.0%
VRRM	D	0.0%
LTC	B	0.0%
HZO	F	0.0%
VRE	B	0.0%
HAYW	B	0.0%
SJW	F	0.0%
NBR	C	0.0%
CCO	C	0.0%
CNDT	B	0.0%
NEOG	D	0.0%
EPRT	C	0.0%
AY	A	0.0%
AMCX	C	0.0%
CHCO	B	0.0%
ICHR	C	0.0%
TRNO	F	0.0%
CODI	B	0.0%
COHU	C	0.0%
FOXF	F	0.0%
SXC	B	0.0%
NOVT	C	0.0%
KLIC	C	0.0%
HTLD	B	0.0%
SUPN	C	0.0%
MRC	B	0.0%
TOST	A	0.0%
DEA	D	0.0%
OEC	D	0.0%
CHEF	B	0.0%
CNMD	C	0.0%
ESGR	B	0.0%
AMRK	F	0.0%
EPAC	B	0.0%
GTLS	B	0.0%
WHD	B	0.0%
CAL	D	0.0%
WDFC	B	0.0%
CVI	F	0.0%
AGX	C	0.0%
PRGS	A	0.0%
FBP	B	0.0%
GPRE	F	0.0%
HCSG	B	0.0%
EFSC	B	0.0%
KTOS	B	0.0%
TNC	F	0.0%
AWR	C	0.0%
TDOC	C	0.0%
CTS	C	0.0%
CWST	B	0.0%
BLKB	C	0.0%
SMPL	B	0.0%
GFS	C	0.0%
NTGR	B	0.0%
ECVT	C	0.0%
GES	F	0.0%
AXL	C	0.0%
VSAT	F	0.0%
SEB	F	0.0%
BUSE	B	0.0%
SNBR	F	0.0%
CWH	C	0.0%
DFIN	D	0.0%
OXM	D	0.0%
ADUS	D	0.0%
BNL	D	0.0%
ENV	B	0.0%
SABR	B	0.0%
ELME	D	0.0%
REYN	D	0.0%
LGF.A	D	0.0%
MODG	F	0.0%
AAT	B	0.0%
STBA	B	0.0%
SONO	C	0.0%
FCF	B	0.0%
TRIP	D	0.0%
NNI	C	0.0%
SCHL	F	0.0%
MMI	B	0.0%
EMBC	C	0.0%
ATSG	A	0.0%
EAF	B	0.0%
GCI	D	0.0%
CUBI	B	0.0%
TRS	D	0.0%
HQY	B	0.0%
FORM	F	0.0%
PLAY	C	0.0%
KWR	C	0.0%
CNA	C	0.0%
BKD	F	0.0%
PTVE	C	0.0%
PJT	B	0.0%
BSIG	B	0.0%
PGRE	C	0.0%
AUB	A	0.0%
EXPI	C	0.0%
HURN	B	0.0%
NMIH	D	0.0%
KOP	C	0.0%
BMI	B	0.0%
HHH	B	0.0%
CRK	B	0.0%
BRC	B	0.0%
MRTN	C	0.0%
EBC	B	0.0%
CPK	A	0.0%
CAKE	B	0.0%
BDN	D	0.0%
KELYA	F	0.0%
NSA	D	0.0%
HMN	B	0.0%
ZWS	B	0.0%
QLYS	B	0.0%
VBTX	B	0.0%
PEB	F	0.0%
ONTO	F	0.0%
GWRE	A	0.0%
IRT	A	0.0%
NSP	F	0.0%
PR	C	0.0%
HWKN	C	0.0%

FNDB Underweight 32 Positions Relative to ILCB

Symbol	Grade	Weight
BLK	A	-0.29%
CRWD	B	-0.14%
CRH	B	-0.13%
MSTR	B	-0.09%
TEL	B	-0.09%
FERG	B	-0.08%
AXON	B	-0.08%
ALNY	D	-0.07%
DDOG	B	-0.07%
TEAM	B	-0.07%
HUBS	B	-0.06%
RBLX	B	-0.05%
NET	B	-0.05%
EXE	A	-0.04%
DKNG	B	-0.04%
COO	D	-0.04%
MDB	C	-0.04%
HOOD	B	-0.03%
DOCU	B	-0.03%
NTRA	B	-0.03%
FWONK	A	-0.03%
NTNX	B	-0.03%
ZS	B	-0.03%
SRPT	F	-0.02%
NWS	B	-0.01%
CELH	F	-0.01%
FOX	A	-0.01%
U	F	-0.01%
PCOR	B	-0.01%
AZPN	A	-0.01%
FWONA	B	-0.0%
ALAB	C	-0.0%