FNDB vs. IUSV ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to iShares Core U.S. Vaue ETF (IUSV)

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

$69.92

Average Daily Volume

31,949

Number of Holdings ^*

1663

* may have additional holdings in another (foreign) market

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value characteristics. 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. It seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$94.88

Average Daily Volume

461,570

Number of Holdings ^*

727

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	IUSV
30 Days	1.03%	0.85%
60 Days	6.57%	5.92%
90 Days	6.82%	9.02%
12 Months	30.31%	31.04%

702 Overlapping Holdings

	Symbol	Grade	Weight in FNDB	Weight in IUSV	Overlap
	A	B	0.06%	0.19%	0.06%
	AA	C	0.04%	0.05%	0.04%
	AAL	D	0.01%	0.03%	0.01%
	ABBV	A	0.54%	0.97%	0.54%
	ABNB	D	0.01%	0.13%	0.01%
	ABT	C	0.3%	0.87%	0.3%
	ACM	B	0.04%	0.03%	0.03%
	ACN	B	0.3%	0.45%	0.3%
	ADC	B	0.01%	0.03%	0.01%
	ADI	C	0.12%	0.21%	0.12%
	ADM	D	0.21%	0.13%	0.13%
	ADP	A	0.13%	0.3%	0.13%
	ADSK	C	0.03%	0.13%	0.03%
	AEE	A	0.06%	0.1%	0.06%
	AEP	B	0.17%	0.24%	0.17%
	AES	B	0.06%	0.06%	0.06%
	AFG	B	0.04%	0.04%	0.04%
	AFL	A	0.2%	0.25%	0.2%
	AGCO	D	0.03%	0.03%	0.03%
	AIG	F	0.26%	0.21%	0.21%
	AIZ	A	0.03%	0.05%	0.03%
	AJG	D	0.04%	0.13%	0.04%
	AKAM	D	0.03%	0.04%	0.03%
	ALB	D	0.02%	0.05%	0.02%
	ALE	A	0.01%	0.02%	0.01%
	ALGM	F	0.0%	0.01%	0.0%
	ALGN	D	0.02%	0.04%	0.02%
	ALL	C	0.27%	0.22%	0.22%
	ALLE	A	0.02%	0.03%	0.02%
	ALLY	F	0.09%	0.04%	0.04%
	ALV	F	0.02%	0.01%	0.01%
	AM	A	0.01%	0.01%	0.01%
	AMCR	A	0.02%	0.07%	0.02%
	AME	D	0.04%	0.09%	0.04%
	AMED	D	0.01%	0.01%	0.01%
	AMG	C	0.03%	0.02%	0.02%
	AMGN	D	0.45%	0.77%	0.45%
	AMH	D	0.01%	0.02%	0.01%
	AMKR	F	0.01%	0.02%	0.01%
	AMP	A	0.12%	0.1%	0.1%
	AMT	C	0.13%	0.28%	0.13%
	AN	B	0.05%	0.02%	0.02%
	ANSS	D	0.02%	0.05%	0.02%
	AON	A	0.11%	0.16%	0.11%
	AOS	B	0.02%	0.02%	0.02%
	APD	C	0.11%	0.3%	0.11%
	APH	D	0.08%	0.15%	0.08%
	APTV	D	0.04%	0.09%	0.04%
	AR	C	0.02%	0.04%	0.02%
	ARE	D	0.03%	0.08%	0.03%
	ARMK	B	0.03%	0.05%	0.03%
	ARW	C	0.08%	0.03%	0.03%
	ASB	F	0.01%	0.01%	0.01%
	ASGN	D	0.02%	0.02%	0.02%
	ASH	F	0.01%	0.02%	0.01%
	ATO	A	0.04%	0.09%	0.04%
	ATR	A	0.02%	0.02%	0.02%
	AVB	C	0.05%	0.14%	0.05%
	AVNT	B	0.02%	0.02%	0.02%
	AVT	B	0.07%	0.02%	0.02%
	AVTR	D	0.02%	0.05%	0.02%
	AVY	B	0.04%	0.08%	0.04%
	AWK	C	0.04%	0.13%	0.04%
	AXP	A	0.35%	0.2%	0.2%
	AYI	A	0.04%	0.02%	0.02%
	AZO	D	0.05%	0.08%	0.05%
	AZTA	F	0.0%	0.0%	0.0%
	BA	F	0.12%	0.23%	0.12%
	BAC	D	1.15%	1.19%	1.15%
	BALL	B	0.06%	0.09%	0.06%
	BAX	D	0.08%	0.09%	0.08%
	BBWI	F	0.02%	0.03%	0.02%
	BBY	B	0.17%	0.09%	0.09%
	BC	C	0.03%	0.01%	0.01%
	BDC	B	0.01%	0.02%	0.01%
	BDX	B	0.1%	0.31%	0.1%
	BEN	F	0.04%	0.03%	0.03%
	BERY	C	0.04%	0.04%	0.04%
	BG	D	0.1%	0.06%	0.06%
	BIIB	F	0.09%	0.13%	0.09%
	BIO	B	0.01%	0.03%	0.01%
	BJ	D	0.02%	0.05%	0.02%
	BK	C	0.25%	0.24%	0.24%
	BKH	B	0.02%	0.02%	0.02%
	BKR	B	0.14%	0.16%	0.14%
	BLK	B	0.24%	0.59%	0.24%
	BLKB	C	0.0%	0.01%	0.0%
	BMRN	F	0.01%	0.03%	0.01%
	BMY	B	0.33%	0.46%	0.33%
	BR	B	0.03%	0.05%	0.03%
	BRBR	B	0.0%	0.02%	0.0%
	BRK.A	C	2.09%	3.73%	2.09%
	BRKR	D	0.01%	0.01%	0.01%
	BRO	A	0.02%	0.02%	0.02%
	BRX	B	0.02%	0.02%	0.02%
	BSX	A	0.08%	0.25%	0.08%
	BURL	D	0.03%	0.03%	0.03%
	BWA	C	0.04%	0.04%	0.04%
	BX	C	0.11%	0.14%	0.11%
	BXP	C	0.05%	0.05%	0.05%
	C	B	1.02%	0.53%	0.53%
	CACI	A	0.03%	0.03%	0.03%
	CADE	D	0.01%	0.01%	0.01%
	CAG	B	0.06%	0.07%	0.06%
	CAH	B	0.07%	0.12%	0.07%
	CARR	C	0.13%	0.16%	0.13%
	CAT	A	0.38%	0.35%	0.35%
	CB	A	0.26%	0.48%	0.26%
	CBOE	B	0.02%	0.03%	0.02%
	CBRE	A	0.12%	0.17%	0.12%
	CBSH	D	0.01%	0.02%	0.01%
	CBT	B	0.02%	0.01%	0.01%
	CC	D	0.02%	0.01%	0.01%
	CCI	A	0.1%	0.23%	0.1%
	CCK	A	0.04%	0.03%	0.03%
	CCL	C	0.05%	0.02%	0.02%
	CDW	D	0.05%	0.08%	0.05%
	CEG	B	0.12%	0.2%	0.12%
	CF	A	0.06%	0.03%	0.03%
	CFG	D	0.1%	0.08%	0.08%
	CFR	D	0.01%	0.02%	0.01%
	CG	C	0.03%	0.02%	0.02%
	CGNX	F	0.01%	0.02%	0.01%
	CHD	B	0.04%	0.06%	0.04%
	CHE	B	0.02%	0.02%	0.02%
	CHH	C	0.0%	0.01%	0.0%
	CHK	C	0.02%	0.04%	0.02%
	CHRW	A	0.07%	0.06%	0.06%
	CHTR	D	0.28%	0.08%	0.08%
	CHX	F	0.01%	0.01%	0.01%
	CI	C	0.49%	0.43%	0.43%
	CIEN	B	0.03%	0.02%	0.02%
	CINF	A	0.06%	0.1%	0.06%
	CL	D	0.14%	0.23%	0.14%
	CLF	D	0.02%	0.03%	0.02%
	CLX	B	0.04%	0.09%	0.04%
	CMC	C	0.03%	0.03%	0.03%
	CMCSA	B	0.69%	0.72%	0.69%
	CME	A	0.07%	0.22%	0.07%
	CMI	B	0.16%	0.2%	0.16%
	CMS	A	0.06%	0.09%	0.06%
	CNC	F	0.23%	0.17%	0.17%
	CNH	C	0.03%	0.04%	0.03%
	CNM	F	0.01%	0.02%	0.01%
	CNO	C	0.04%	0.02%	0.02%
	CNP	B	0.05%	0.09%	0.05%
	CNXC	F	0.01%	0.01%	0.01%
	COF	C	0.39%	0.25%	0.25%
	COHR	B	0.01%	0.06%	0.01%
	COLB	C	0.01%	0.02%	0.01%
	COLM	B	0.01%	0.01%	0.01%
	COP	D	0.4%	0.17%	0.17%
	COST	C	0.66%	1.01%	0.66%
	CPB	D	0.03%	0.04%	0.03%
	CPRI	C	0.02%	0.01%	0.01%
	CPT	C	0.02%	0.06%	0.02%
	CRI	D	0.02%	0.01%	0.01%
	CRL	F	0.01%	0.05%	0.01%
	CRUS	D	0.02%	0.01%	0.01%
	CSCO	A	0.69%	0.95%	0.69%
	CSGP	F	0.01%	0.08%	0.01%
	CSX	D	0.2%	0.15%	0.15%
	CTAS	C	0.08%	0.14%	0.08%
	CTLT	B	0.02%	0.05%	0.02%
	CTRA	D	0.01%	0.03%	0.01%
	CTSH	C	0.16%	0.17%	0.16%
	CTVA	B	0.08%	0.18%	0.08%
	CUBE	C	0.01%	0.02%	0.01%
	CUZ	C	0.01%	0.02%	0.01%
	CVLT	C	0.01%	0.01%	0.01%
	CVS	D	0.61%	0.34%	0.34%
	CVX	D	1.01%	1.1%	1.01%
	CW	A	0.02%	0.02%	0.02%
	CZR	C	0.02%	0.02%	0.02%
	D	A	0.17%	0.21%	0.17%
	DAL	B	0.02%	0.07%	0.02%
	DAR	F	0.02%	0.03%	0.02%
	DAY	C	0.0%	0.02%	0.0%
	DCI	B	0.02%	0.02%	0.02%
	DD	B	0.17%	0.17%	0.17%
	DE	A	0.21%	0.21%	0.21%
	DELL	D	0.01%	0.07%	0.01%
	DFS	C	0.21%	0.07%	0.07%
	DG	F	0.08%	0.09%	0.08%
	DGX	C	0.07%	0.08%	0.07%
	DHR	B	0.15%	0.79%	0.15%
	DINO	F	0.05%	0.03%	0.03%
	DIS	D	0.35%	0.78%	0.35%
	DKS	D	0.04%	0.03%	0.03%
	DLB	D	0.01%	0.01%	0.01%
	DLR	C	0.07%	0.13%	0.07%
	DLTR	F	0.04%	0.07%	0.04%
	DOC	B	0.03%	0.07%	0.03%
	DOV	C	0.06%	0.12%	0.06%
	DOW	B	0.18%	0.17%	0.17%
	DPZ	D	0.03%	0.04%	0.03%
	DRI	C	0.04%	0.04%	0.04%
	DTE	A	0.08%	0.12%	0.08%
	DTM	A	0.01%	0.01%	0.01%
	DUK	B	0.31%	0.4%	0.31%
	DVA	B	0.06%	0.02%	0.02%
	DVN	F	0.08%	0.11%	0.08%
	DXCM	F	0.0%	0.05%	0.0%
	EA	D	0.07%	0.09%	0.07%
	EBAY	A	0.17%	0.14%	0.14%
	ECL	A	0.08%	0.14%	0.08%
	ED	A	0.12%	0.16%	0.12%
	EEFT	F	0.01%	0.01%	0.01%
	EFX	D	0.03%	0.1%	0.03%
	EG	B	0.02%	0.08%	0.02%
	EGP	D	0.01%	0.02%	0.01%
	EHC	B	0.02%	0.02%	0.02%
	EIX	A	0.1%	0.15%	0.1%
	EL	D	0.03%	0.1%	0.03%
	ELS	D	0.02%	0.02%	0.02%
	ELV	F	0.45%	0.54%	0.45%
	EMN	B	0.08%	0.06%	0.06%
	EMR	B	0.14%	0.28%	0.14%
	ENOV	F	0.01%	0.01%	0.01%
	ENPH	D	0.0%	0.04%	0.0%
	ENS	C	0.01%	0.01%	0.01%
	EOG	D	0.2%	0.11%	0.11%
	EPAM	F	0.01%	0.03%	0.01%
	EPR	C	0.01%	0.01%	0.01%
	EQH	C	0.04%	0.01%	0.01%
	EQIX	B	0.08%	0.2%	0.08%
	EQR	C	0.05%	0.11%	0.05%
	EQT	C	0.04%	0.1%	0.04%
	ERIE	A	0.0%	0.03%	0.0%
	ES	A	0.08%	0.11%	0.08%
	ESNT	C	0.01%	0.03%	0.01%
	ESS	C	0.03%	0.08%	0.03%
	ETN	C	0.21%	0.22%	0.21%
	ETR	A	0.1%	0.12%	0.1%
	EVR	C	0.04%	0.01%	0.01%
	EVRG	B	0.07%	0.06%	0.06%
	EW	F	0.03%	0.11%	0.03%
	EWBC	D	0.03%	0.02%	0.02%
	EXC	A	0.16%	0.18%	0.16%
	EXLS	B	0.01%	0.01%	0.01%
	EXPD	B	0.02%	0.05%	0.02%
	EXPO	B	0.01%	0.01%	0.01%
	EXR	C	0.04%	0.17%	0.04%
	F	D	0.29%	0.19%	0.19%
	FAF	B	0.04%	0.03%	0.03%
	FAST	C	0.06%	0.09%	0.06%
	FCX	B	0.13%	0.16%	0.13%
	FDS	C	0.01%	0.04%	0.01%
	FDX	D	0.26%	0.27%	0.26%
	FE	A	0.09%	0.1%	0.09%
	FFIN	D	0.01%	0.01%	0.01%
	FFIV	C	0.03%	0.06%	0.03%
	FHI	C	0.0%	0.01%	0.0%
	FHN	D	0.03%	0.04%	0.03%
	FIS	C	0.12%	0.2%	0.12%
	FITB	C	0.12%	0.13%	0.12%
	FLO	C	0.02%	0.02%	0.02%
	FLR	D	0.03%	0.04%	0.03%
	FLS	B	0.02%	0.02%	0.02%
	FMC	B	0.03%	0.04%	0.03%
	FNB	D	0.01%	0.02%	0.01%
	FNF	A	0.06%	0.06%	0.06%
	FOXA	A	0.08%	0.04%	0.04%
	FR	C	0.01%	0.02%	0.01%
	FRT	B	0.02%	0.04%	0.02%
	FSLR	C	0.02%	0.12%	0.02%
	FYBR	C	0.04%	0.04%	0.04%
	G	A	0.02%	0.03%	0.02%
	GAP	F	0.04%	0.02%	0.02%
	GATX	D	0.02%	0.01%	0.01%
	GBCI	D	0.01%	0.02%	0.01%
	GD	A	0.21%	0.34%	0.21%
	GE	C	0.17%	0.51%	0.17%
	GEF	C	0.01%	0.01%	0.01%
	GEHC	B	0.07%	0.19%	0.07%
	GEV	A	0.05%	0.17%	0.05%
	GHC	B	0.01%	0.01%	0.01%
	GILD	A	0.32%	0.46%	0.32%
	GIS	B	0.12%	0.18%	0.12%
	GL	C	0.03%	0.04%	0.03%
	GLPI	B	0.02%	0.04%	0.02%
	GLW	C	0.13%	0.15%	0.13%
	GM	D	0.66%	0.23%	0.23%
	GME	D	0.02%	0.04%	0.02%
	GMED	D	0.01%	0.04%	0.01%
	GNRC	B	0.02%	0.02%	0.02%
	GNTX	F	0.02%	0.01%	0.01%
	GPC	D	0.05%	0.09%	0.05%
	GPK	B	0.03%	0.04%	0.03%
	GPN	F	0.07%	0.11%	0.07%
	GRMN	D	0.04%	0.06%	0.04%
	GS	D	0.53%	0.7%	0.53%
	GT	F	0.03%	0.01%	0.01%
	GWW	A	0.07%	0.05%	0.05%
	GXO	D	0.02%	0.01%	0.01%
	HAE	D	0.01%	0.01%	0.01%
	HAL	F	0.06%	0.11%	0.06%
	HAS	A	0.03%	0.04%	0.03%
	HBAN	C	0.06%	0.1%	0.06%
	HCA	A	0.24%	0.17%	0.17%
	HD	A	0.73%	1.11%	0.73%
	HGV	F	0.01%	0.0%	0.0%
	HIG	A	0.14%	0.15%	0.14%
	HII	D	0.04%	0.05%	0.04%
	HOG	C	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.08%	0.04%
	HOMB	D	0.0%	0.02%	0.0%
	HON	B	0.31%	0.6%	0.31%
	HPE	C	0.18%	0.12%	0.12%
	HPQ	C	0.19%	0.15%	0.15%
	HQY	B	0.0%	0.01%	0.0%
	HRL	F	0.03%	0.04%	0.03%
	HSIC	C	0.04%	0.04%	0.04%
	HST	D	0.04%	0.02%	0.02%
	HSY	D	0.04%	0.08%	0.04%
	HUBB	A	0.03%	0.06%	0.03%
	HUM	F	0.18%	0.17%	0.17%
	HWC	D	0.01%	0.01%	0.01%
	HWM	A	0.06%	0.08%	0.06%
	HXL	F	0.01%	0.01%	0.01%
	IBKR	A	0.01%	0.03%	0.01%
	IBM	C	0.57%	0.91%	0.57%
	IBOC	D	0.01%	0.01%	0.01%
	ICE	A	0.11%	0.41%	0.11%
	IDA	B	0.01%	0.02%	0.01%
	IDXX	D	0.02%	0.08%	0.02%
	IEX	D	0.02%	0.07%	0.02%
	IFF	C	0.05%	0.12%	0.05%
	ILMN	C	0.02%	0.09%	0.02%
	INCY	B	0.01%	0.05%	0.01%
	INGR	A	0.04%	0.03%	0.03%
	INTC	D	0.61%	0.45%	0.45%
	INVH	D	0.03%	0.09%	0.03%
	IP	B	0.14%	0.08%	0.08%
	IPG	C	0.04%	0.05%	0.04%
	IPGP	D	0.01%	0.01%	0.01%
	IQV	F	0.08%	0.11%	0.08%
	IR	B	0.03%	0.04%	0.03%
	IRDM	C	0.0%	0.01%	0.0%
	IRM	B	0.07%	0.08%	0.07%
	IRT	C	0.01%	0.02%	0.01%
	ISRG	C	0.08%	0.26%	0.08%
	ITW	B	0.13%	0.17%	0.13%
	IVZ	C	0.04%	0.04%	0.04%
	J	D	0.05%	0.09%	0.05%
	JAZZ	F	0.02%	0.02%	0.02%
	JBHT	D	0.04%	0.06%	0.04%
	JBL	D	0.05%	0.03%	0.03%
	JCI	B	0.14%	0.23%	0.14%
	JEF	B	0.05%	0.04%	0.04%
	JHG	C	0.03%	0.02%	0.02%
	JKHY	A	0.02%	0.06%	0.02%
	JLL	B	0.08%	0.06%	0.06%
	JNJ	C	0.9%	1.73%	0.9%
	JNPR	C	0.05%	0.06%	0.05%
	JPM	D	1.8%	2.67%	1.8%
	JWN	D	0.02%	0.01%	0.01%
	K	B	0.06%	0.1%	0.06%
	KBH	C	0.03%	0.01%	0.01%
	KBR	D	0.02%	0.02%	0.02%
	KD	F	0.05%	0.02%	0.02%
	KDP	C	0.07%	0.18%	0.07%
	KEX	C	0.01%	0.02%	0.01%
	KEY	C	0.09%	0.07%	0.07%
	KEYS	C	0.03%	0.12%	0.03%
	KHC	B	0.1%	0.14%	0.1%
	KIM	C	0.03%	0.07%	0.03%
	KMB	B	0.1%	0.21%	0.1%
	KMI	A	0.18%	0.19%	0.18%
	KMPR	D	0.02%	0.02%	0.02%
	KMX	D	0.06%	0.05%	0.05%
	KNF	C	0.01%	0.01%	0.01%
	KNX	C	0.04%	0.04%	0.04%
	KO	B	0.39%	0.76%	0.39%
	KR	B	0.27%	0.17%	0.17%
	KRC	C	0.02%	0.02%	0.02%
	KRG	C	0.01%	0.03%	0.01%
	KVUE	C	0.03%	0.2%	0.03%
	L	D	0.05%	0.06%	0.05%
	LAD	B	0.05%	0.04%	0.04%
	LAMR	C	0.02%	0.02%	0.02%
	LANC	F	0.01%	0.01%	0.01%
	LDOS	A	0.07%	0.1%	0.07%
	LEA	F	0.05%	0.03%	0.03%
	LEN	B	0.17%	0.09%	0.09%
	LFUS	C	0.01%	0.01%	0.01%
	LHX	A	0.15%	0.2%	0.15%
	LIN	B	0.32%	0.49%	0.32%
	LITE	C	0.01%	0.02%	0.01%
	LIVN	D	0.0%	0.01%	0.0%
	LKQ	F	0.05%	0.05%	0.05%
	LMT	A	0.37%	0.55%	0.37%
	LNT	A	0.04%	0.07%	0.04%
	LOW	A	0.39%	0.68%	0.39%
	LPX	A	0.03%	0.01%	0.01%
	LSTR	D	0.02%	0.01%	0.01%
	LUV	C	0.02%	0.08%	0.02%
	LVS	B	0.03%	0.03%	0.03%
	LW	D	0.01%	0.01%	0.01%
	LYB	D	0.14%	0.11%	0.11%
	M	F	0.05%	0.02%	0.02%
	MA	A	0.26%	0.51%	0.26%
	MAA	C	0.03%	0.08%	0.03%
	MAN	D	0.05%	0.02%	0.02%
	MAS	A	0.05%	0.04%	0.04%
	MASI	C	0.01%	0.01%	0.01%
	MAT	C	0.01%	0.02%	0.01%
	MCD	A	0.31%	0.54%	0.31%
	MCHP	F	0.05%	0.08%	0.05%
	MCK	F	0.09%	0.28%	0.09%
	MCO	C	0.07%	0.18%	0.07%
	MDLZ	C	0.21%	0.26%	0.21%
	MDT	A	0.25%	0.51%	0.25%
	MDU	C	0.02%	0.02%	0.02%
	MET	A	0.25%	0.22%	0.22%
	MGM	D	0.05%	0.01%	0.01%
	MHK	B	0.07%	0.04%	0.04%
	MIDD	D	0.02%	0.02%	0.02%
	MKC	B	0.03%	0.09%	0.03%
	MKSI	F	0.02%	0.02%	0.02%
	MKTX	C	0.01%	0.04%	0.01%
	MLM	D	0.04%	0.05%	0.04%
	MMC	D	0.13%	0.24%	0.13%
	MMM	B	0.37%	0.34%	0.34%
	MMS	A	0.02%	0.01%	0.01%
	MNST	D	0.04%	0.07%	0.04%
	MO	B	0.33%	0.39%	0.33%
	MOH	D	0.05%	0.04%	0.04%
	MOS	F	0.05%	0.04%	0.04%
	MPC	F	0.38%	0.11%	0.11%
	MRK	F	0.47%	0.77%	0.47%
	MRNA	F	0.03%	0.1%	0.03%
	MRO	D	0.08%	0.03%	0.03%
	MS	B	0.33%	0.58%	0.33%
	MSCI	B	0.03%	0.09%	0.03%
	MSI	A	0.06%	0.14%	0.06%
	MSM	D	0.01%	0.01%	0.01%
	MTB	C	0.09%	0.13%	0.09%
	MTCH	C	0.01%	0.04%	0.01%
	MTD	B	0.03%	0.09%	0.03%
	MTG	B	0.02%	0.02%	0.02%
	MTN	D	0.01%	0.01%	0.01%
	MTZ	C	0.03%	0.03%	0.03%
	MU	D	0.33%	0.53%	0.33%
	MUR	F	0.02%	0.01%	0.01%
	NDAQ	C	0.03%	0.13%	0.03%
	NDSN	B	0.02%	0.06%	0.02%
	NEE	A	0.26%	0.77%	0.26%
	NEM	C	0.18%	0.28%	0.18%
	NEOG	D	0.0%	0.01%	0.0%
	NFG	A	0.02%	0.02%	0.02%
	NI	A	0.04%	0.07%	0.04%
	NJR	C	0.01%	0.02%	0.01%
	NKE	D	0.18%	0.27%	0.18%
	NNN	A	0.01%	0.03%	0.01%
	NOC	B	0.2%	0.32%	0.2%
	NOV	F	0.02%	0.03%	0.02%
	NOVT	D	0.0%	0.01%	0.0%
	NRG	A	0.1%	0.08%	0.08%
	NSA	C	0.01%	0.01%	0.01%
	NSC	B	0.18%	0.25%	0.18%
	NSP	F	0.01%	0.01%	0.01%
	NTAP	D	0.08%	0.07%	0.07%
	NTRS	C	0.06%	0.08%	0.06%
	NUE	D	0.17%	0.06%	0.06%
	NVST	D	0.01%	0.02%	0.01%
	NWE	A	0.01%	0.02%	0.01%
	NWSA	D	0.04%	0.04%	0.04%
	NXPI	F	0.07%	0.07%	0.07%
	NXST	D	0.03%	0.02%	0.02%
	O	A	0.04%	0.24%	0.04%
	OGE	A	0.03%	0.04%	0.03%
	OGS	A	0.01%	0.02%	0.01%
	OHI	C	0.02%	0.03%	0.02%
	OKE	C	0.12%	0.09%	0.09%
	OLN	D	0.03%	0.02%	0.02%
	OMC	A	0.07%	0.09%	0.07%
	ON	F	0.03%	0.08%	0.03%
	ONB	D	0.01%	0.03%	0.01%
	OPCH	D	0.01%	0.01%	0.01%
	ORA	B	0.01%	0.02%	0.01%
	ORI	A	0.04%	0.04%	0.04%
	ORLY	A	0.09%	0.08%	0.08%
	OSK	F	0.03%	0.03%	0.03%
	OTIS	A	0.04%	0.11%	0.04%
	OXY	F	0.1%	0.15%	0.1%
	OZK	F	0.01%	0.01%	0.01%
	PAG	D	0.02%	0.01%	0.01%
	PARA	F	0.09%	0.03%	0.03%
	PAYC	D	0.0%	0.02%	0.0%
	PAYX	A	0.05%	0.11%	0.05%
	PB	D	0.02%	0.03%	0.02%
	PBF	F	0.03%	0.01%	0.01%
	PCAR	D	0.12%	0.06%	0.06%
	PCG	B	0.03%	0.19%	0.03%
	PCH	C	0.01%	0.01%	0.01%
	PEG	A	0.11%	0.2%	0.11%
	PEP	D	0.4%	0.67%	0.4%
	PFE	D	0.68%	0.73%	0.68%
	PFG	C	0.08%	0.08%	0.08%
	PFGC	B	0.05%	0.05%	0.05%
	PG	C	0.76%	1.11%	0.76%
	PGR	C	0.24%	0.33%	0.24%
	PH	B	0.11%	0.08%	0.08%
	PII	D	0.02%	0.02%	0.02%
	PKG	A	0.06%	0.09%	0.06%
	PLD	D	0.07%	0.52%	0.07%
	PM	B	0.45%	0.53%	0.45%
	PNC	C	0.27%	0.32%	0.27%
	PNFP	D	0.01%	0.02%	0.01%
	PNM	B	0.01%	0.02%	0.01%
	PNR	A	0.03%	0.02%	0.02%
	PNW	A	0.04%	0.04%	0.04%
	PODD	C	0.0%	0.05%	0.0%
	POOL	B	0.02%	0.03%	0.02%
	POR	B	0.02%	0.02%	0.02%
	POST	B	0.02%	0.02%	0.02%
	POWI	F	0.01%	0.01%	0.01%
	PPC	A	0.01%	0.01%	0.01%
	PPG	D	0.07%	0.14%	0.07%
	PPL	A	0.11%	0.11%	0.11%
	PRGO	F	0.02%	0.02%	0.02%
	PRU	C	0.22%	0.19%	0.19%
	PSA	C	0.06%	0.15%	0.06%
	PSN	A	0.01%	0.01%	0.01%
	PSX	F	0.34%	0.24%	0.24%
	PTC	D	0.01%	0.04%	0.01%
	PVH	F	0.04%	0.03%	0.03%
	PWR	B	0.06%	0.06%	0.06%
	PYPL	B	0.18%	0.35%	0.18%
	QCOM	D	0.43%	0.41%	0.41%
	QRVO	F	0.04%	0.04%	0.04%
	R	C	0.06%	0.03%	0.03%
	REG	B	0.02%	0.05%	0.02%
	REGN	D	0.14%	0.2%	0.14%
	REXR	D	0.01%	0.03%	0.01%
	RF	C	0.07%	0.09%	0.07%
	RGA	C	0.04%	0.06%	0.04%
	RGLD	C	0.01%	0.02%	0.01%
	RH	C	0.01%	0.01%	0.01%
	RJF	B	0.04%	0.1%	0.04%
	RL	B	0.03%	0.02%	0.02%
	RLI	A	0.01%	0.01%	0.01%
	RMD	C	0.03%	0.16%	0.03%
	RNR	A	0.01%	0.03%	0.01%
	ROK	D	0.05%	0.07%	0.05%
	ROL	B	0.01%	0.04%	0.01%
	ROP	C	0.05%	0.15%	0.05%
	RPM	C	0.03%	0.03%	0.03%
	RRX	C	0.03%	0.05%	0.03%
	RSG	D	0.06%	0.08%	0.06%
	RTX	A	0.33%	0.71%	0.33%
	RYN	C	0.01%	0.01%	0.01%
	SAIC	B	0.02%	0.02%	0.02%
	SAM	D	0.01%	0.01%	0.01%
	SBAC	B	0.02%	0.07%	0.02%
	SBRA	C	0.01%	0.02%	0.01%
	SBUX	B	0.24%	0.2%	0.2%
	SCHW	D	0.1%	0.43%	0.1%
	SCI	C	0.02%	0.03%	0.02%
	SEIC	B	0.02%	0.02%	0.02%
	SF	A	0.02%	0.04%	0.02%
	SFM	A	0.04%	0.03%	0.03%
	SHW	B	0.08%	0.2%	0.08%
	SIGI	D	0.01%	0.01%	0.01%
	SJM	B	0.05%	0.06%	0.05%
	SLB	F	0.11%	0.27%	0.11%
	SLGN	A	0.01%	0.02%	0.01%
	SLM	C	0.03%	0.01%	0.01%
	SMG	B	0.02%	0.01%	0.01%
	SNA	B	0.04%	0.04%	0.04%
	SNV	D	0.02%	0.03%	0.02%
	SNX	C	0.02%	0.04%	0.02%
	SO	A	0.26%	0.44%	0.26%
	SOLV	D	0.04%	0.04%	0.04%
	SON	D	0.02%	0.02%	0.02%
	SPG	A	0.1%	0.14%	0.1%
	SPGI	C	0.14%	0.41%	0.14%
	SR	A	0.01%	0.02%	0.01%
	SRCL	B	0.01%	0.03%	0.01%
	SRE	A	0.11%	0.23%	0.11%
	SSB	C	0.0%	0.03%	0.0%
	ST	F	0.02%	0.02%	0.02%
	STAG	D	0.01%	0.02%	0.01%
	STE	D	0.03%	0.05%	0.03%
	STLD	C	0.09%	0.03%	0.03%
	STT	C	0.09%	0.12%	0.09%
	STWD	C	0.02%	0.03%	0.02%
	STX	B	0.09%	0.06%	0.06%
	STZ	B	0.07%	0.18%	0.07%
	SW	B	0.1%	0.11%	0.1%
	SWK	A	0.08%	0.08%	0.08%
	SWKS	F	0.04%	0.07%	0.04%
	SWX	C	0.02%	0.02%	0.02%
	SYF	C	0.27%	0.09%	0.09%
	SYK	C	0.11%	0.2%	0.11%
	SYNA	F	0.01%	0.01%	0.01%
	SYY	B	0.09%	0.17%	0.09%
	T	A	1.23%	0.7%	0.7%
	TAP	D	0.04%	0.04%	0.04%
	TCBI	C	0.01%	0.01%	0.01%
	TDY	B	0.02%	0.09%	0.02%
	TECH	B	0.01%	0.06%	0.01%
	TEL	D	0.1%	0.12%	0.1%
	TER	D	0.04%	0.1%	0.04%
	TEX	F	0.01%	0.01%	0.01%
	TFC	D	0.21%	0.25%	0.21%
	TFX	B	0.02%	0.05%	0.02%
	TGT	C	0.35%	0.32%	0.32%
	THC	C	0.08%	0.07%	0.07%
	THG	A	0.02%	0.02%	0.02%
	THO	C	0.04%	0.03%	0.03%
	TJX	C	0.21%	0.21%	0.21%
	TKO	C	0.0%	0.02%	0.0%
	TKR	B	0.02%	0.01%	0.01%
	TMHC	B	0.04%	0.03%	0.03%
	TMO	C	0.26%	0.65%	0.26%
	TMUS	A	0.21%	0.45%	0.21%
	TNL	B	0.02%	0.0%	0.0%
	TPL	B	0.01%	0.02%	0.01%
	TPR	B	0.04%	0.05%	0.04%
	TRMB	B	0.02%	0.07%	0.02%
	TROW	D	0.11%	0.11%	0.11%
	TRV	C	0.28%	0.24%	0.24%
	TSCO	A	0.05%	0.08%	0.05%
	TSN	D	0.18%	0.08%	0.08%
	TT	A	0.08%	0.12%	0.08%
	TTC	D	0.02%	0.02%	0.02%
	TTWO	F	0.02%	0.06%	0.02%
	TXN	C	0.32%	0.54%	0.32%
	TXT	D	0.06%	0.07%	0.06%
	UAA	B	0.01%	0.01%	0.01%
	UAL	B	0.02%	0.08%	0.02%
	UBSI	D	0.01%	0.02%	0.01%
	UDR	C	0.02%	0.06%	0.02%
	UGI	C	0.04%	0.02%	0.02%
	UHS	D	0.1%	0.06%	0.06%
	ULTA	D	0.03%	0.03%	0.03%
	UMBF	C	0.01%	0.02%	0.01%
	UNH	B	1.1%	1.48%	1.1%
	UNM	A	0.05%	0.04%	0.04%
	UNP	C	0.35%	0.36%	0.35%
	UPS	D	0.23%	0.44%	0.23%
	USB	C	0.29%	0.32%	0.29%
	USFD	C	0.07%	0.07%	0.07%
	UTHR	B	0.02%	0.04%	0.02%
	V	C	0.31%	0.7%	0.31%
	VAC	D	0.01%	0.01%	0.01%
	VC	F	0.01%	0.01%	0.01%
	VICI	C	0.02%	0.15%	0.02%
	VLO	F	0.35%	0.19%	0.19%
	VLTO	C	0.02%	0.12%	0.02%
	VLY	C	0.01%	0.02%	0.01%
	VMC	D	0.04%	0.05%	0.04%
	VMI	B	0.02%	0.03%	0.02%
	VNO	B	0.05%	0.03%	0.03%
	VOYA	A	0.03%	0.02%	0.02%
	VRSK	D	0.04%	0.08%	0.04%
	VRSN	C	0.01%	0.04%	0.01%
	VRTX	D	0.07%	0.19%	0.07%
	VSH	F	0.01%	0.01%	0.01%
	VTR	B	0.08%	0.12%	0.08%
	VTRS	D	0.08%	0.06%	0.06%
	VZ	A	1.2%	0.84%	0.84%
	WAB	A	0.06%	0.14%	0.06%
	WAL	C	0.02%	0.02%	0.02%
	WAT	B	0.03%	0.06%	0.03%
	WBA	F	0.12%	0.03%	0.03%
	WBD	D	0.06%	0.08%	0.06%
	WBS	D	0.01%	0.04%	0.01%
	WCC	C	0.03%	0.03%	0.03%
	WDC	C	0.13%	0.1%	0.1%
	WEC	A	0.08%	0.13%	0.08%
	WELL	B	0.1%	0.33%	0.1%
	WEN	C	0.01%	0.01%	0.01%
	WFC	D	1.05%	0.85%	0.85%
	WH	C	0.01%	0.01%	0.01%
	WHR	C	0.06%	0.03%	0.03%
	WM	D	0.14%	0.18%	0.14%
	WMB	A	0.13%	0.15%	0.13%
	WMG	D	0.0%	0.0%	0.0%
	WMT	A	1.35%	1.54%	1.35%
	WPC	C	0.02%	0.06%	0.02%
	WRB	B	0.03%	0.08%	0.03%
	WTFC	C	0.01%	0.03%	0.01%
	WTRG	D	0.02%	0.02%	0.02%
	WTW	A	0.06%	0.13%	0.06%
	WU	D	0.03%	0.01%	0.01%
	WY	B	0.09%	0.11%	0.09%
	X	F	0.07%	0.04%	0.04%
	XEL	A	0.1%	0.16%	0.1%
	XOM	B	1.79%	2.29%	1.79%
	XPO	F	0.02%	0.03%	0.02%
	XRAY	D	0.02%	0.02%	0.02%
	XYL	B	0.04%	0.15%	0.04%
	YETI	D	0.01%	0.01%	0.01%
	YUM	B	0.07%	0.09%	0.07%
	ZBH	F	0.04%	0.1%	0.04%
	ZBRA	C	0.03%	0.08%	0.03%
	ZI	D	0.0%	0.01%	0.0%
	ZION	D	0.05%	0.03%	0.03%
	ZTS	B	0.07%	0.18%	0.07%

FNDB Overweight 961 Positions Relative to IUSV

	Symbol	Grade	Weight
	AAPL	C	4.18%
	MSFT	C	2.34%
	META	A	1.78%
	AMZN	C	1.31%
	GOOGL	C	1.17%
	GOOG	C	1.01%
	AVGO	C	0.64%
	LUMN	C	0.57%
	ORCL	C	0.44%
	NVDA	C	0.34%
	LLY	D	0.24%
	AMAT	D	0.24%
	BKNG	C	0.19%
	ADBE	F	0.18%
	DHI	B	0.18%
	TSLA	B	0.17%
	LRCX	F	0.15%
	NFLX	C	0.14%
	VST	A	0.14%
	PHM	A	0.12%
	URI	B	0.12%
	CRM	C	0.11%
	KKR	C	0.11%
	INTU	F	0.1%
	AMD	D	0.09%
	KLAC	D	0.09%
	RS	D	0.07%
	TDG	A	0.07%
	NVR	A	0.07%
	MAR	B	0.07%
	ROST	C	0.07%
	OC	B	0.06%
	OGN	D	0.06%
	EME	C	0.06%
	TRGP	C	0.06%
	VFC	B	0.06%
	CMA	C	0.06%
	KSS	D	0.06%
	CPAY	A	0.05%
	DXC	D	0.05%
	GPI	C	0.05%
	CSL	A	0.05%
	CASY	D	0.05%
	LNG	D	0.05%
	OMF	D	0.05%
	WSM	C	0.05%
	LNC	D	0.05%
	TOL	A	0.05%
	FLEX	B	0.05%
	CE	D	0.05%
	HLT	B	0.05%
	DOX	B	0.04%
	SSNC	C	0.04%
	ANET	B	0.04%
	UBER	C	0.04%
	JXN	B	0.04%
	BLDR	B	0.04%
	MUSA	D	0.04%
	TDS	B	0.04%
	MKL	B	0.04%
	ALSN	A	0.04%
	ZIM	B	0.04%
	OVV	F	0.04%
	HES	D	0.04%
	ACGL	A	0.04%
	ODFL	D	0.04%
	SATS	C	0.04%
	FANG	F	0.04%
	FTNT	C	0.03%
	NWL	D	0.03%
	ITT	B	0.03%
	AER	C	0.03%
	BPOP	D	0.03%
	CRBG	C	0.03%
	CHKP	C	0.03%
	SWN	C	0.03%
	EXPE	B	0.03%
	TRU	C	0.03%
	SNPS	F	0.03%
	CDNS	D	0.03%
	MLI	B	0.03%
	DECK	C	0.03%
	LII	C	0.03%
	PANW	D	0.03%
	TPH	B	0.03%
	GNW	C	0.03%
	CCEP	D	0.03%
	RCL	C	0.03%
	SANM	D	0.03%
	FTV	B	0.03%
	IT	C	0.03%
	RHI	D	0.03%
	ANF	D	0.03%
	WSO	B	0.03%
	APA	F	0.03%
	HBI	B	0.03%
	HUN	B	0.03%
	BCC	B	0.03%
	MRVL	C	0.03%
	BAH	A	0.03%
	CMG	C	0.03%
	BAP	B	0.03%
	MTH	B	0.03%
	UFPI	B	0.03%
	SLG	C	0.03%
	FL	F	0.03%
	APO	A	0.03%
	KFY	C	0.02%
	VIRT	C	0.02%
	CCS	C	0.02%
	SIG	C	0.02%
	WERN	D	0.02%
	DBRG	D	0.02%
	BWXT	A	0.02%
	ICLR	F	0.02%
	AWI	A	0.02%
	OI	D	0.02%
	RXO	D	0.02%
	COMM	C	0.02%
	UNFI	B	0.02%
	WLK	B	0.02%
	AGO	D	0.02%
	SEM	D	0.02%
	GEO	F	0.02%
	Z	C	0.02%
	SPR	D	0.02%
	SCCO	B	0.02%
	PLXS	B	0.02%
	LNW	F	0.02%
	BECN	F	0.02%
	GVA	B	0.02%
	LULU	D	0.02%
	FCN	B	0.02%
	SM	F	0.02%
	AIT	A	0.02%
	LECO	F	0.02%
	FIX	B	0.02%
	AGNC	C	0.02%
	BHE	C	0.02%
	MOG.A	B	0.02%
	HIW	C	0.02%
	SPB	B	0.02%
	ACI	F	0.02%
	DHC	B	0.02%
	SQ	D	0.02%
	TTEK	B	0.02%
	AEO	C	0.02%
	CYH	C	0.02%
	REZI	F	0.02%
	HUBG	D	0.02%
	PENN	D	0.02%
	HCC	D	0.02%
	AL	D	0.02%
	HEI	C	0.02%
	LILAK	D	0.02%
	WWD	B	0.02%
	TGNA	B	0.02%
	GGG	B	0.02%
	FCNCA	D	0.02%
	TXRH	B	0.02%
	CAR	D	0.02%
	BLD	C	0.02%
	RDN	D	0.02%
	UHAL	A	0.02%
	SPOT	B	0.02%
	XRX	F	0.02%
	NAVI	D	0.02%
	TPX	B	0.02%
	ASO	D	0.02%
	NOW	C	0.02%
	MAC	B	0.02%
	RUSHA	C	0.02%
	CLH	C	0.02%
	PRG	C	0.02%
	MPW	C	0.02%
	BKU	D	0.02%
	CRS	B	0.02%
	MHO	A	0.02%
	NVT	D	0.02%
	ABM	D	0.02%
	BTU	B	0.02%
	AXTA	C	0.02%
	COIN	F	0.02%
	DY	C	0.02%
	PRI	A	0.02%
	ABG	D	0.02%
	SLVM	C	0.02%
	FTI	B	0.02%
	SKX	C	0.02%
	QRTEA	F	0.02%
	TPC	B	0.02%
	CPRT	B	0.02%
	NSIT	C	0.02%
	EXP	C	0.02%
	SEE	B	0.02%
	CNX	A	0.02%
	AAP	F	0.02%
	PK	D	0.02%
	SUI	C	0.02%
	LPLA	D	0.02%
	GDDY	D	0.02%
	HRB	C	0.02%
	FICO	C	0.02%
	KAI	C	0.01%
	SCHL	D	0.01%
	COMP	C	0.01%
	HHH	B	0.01%
	TTD	C	0.01%
	CCOI	B	0.01%
	UCTT	D	0.01%
	CARG	C	0.01%
	KLG	D	0.01%
	OMCL	C	0.01%
	BLMN	F	0.01%
	WNC	F	0.01%
	AAON	B	0.01%
	AMCX	F	0.01%
	RYI	F	0.01%
	HALO	D	0.01%
	MGRC	D	0.01%
	LADR	D	0.01%
	KOS	F	0.01%
	CODI	D	0.01%
	MTRN	F	0.01%
	MATV	D	0.01%
	LGF.A	F	0.01%
	AY	B	0.01%
	MRC	D	0.01%
	CBZ	F	0.01%
	NBTB	D	0.01%
	ROIC	B	0.01%
	HAIN	C	0.01%
	GWRE	A	0.01%
	HLX	D	0.01%
	NMIH	C	0.01%
	NTGR	C	0.01%
	MD	B	0.01%
	KN	D	0.01%
	BGS	D	0.01%
	RNG	F	0.01%
	CACC	F	0.01%
	CCO	D	0.01%
	HWKN	A	0.01%
	VIAV	C	0.01%
	NWBI	D	0.01%
	PRDO	D	0.01%
	VSAT	F	0.01%
	CWT	D	0.01%
	ROAD	C	0.01%
	NVRI	D	0.01%
	CNA	D	0.01%
	HTZ	F	0.01%
	PRK	D	0.01%
	PEB	D	0.01%
	GOLF	F	0.01%
	CNS	C	0.01%
	CPNG	C	0.01%
	HZO	C	0.01%
	SAFT	D	0.01%
	CSWI	B	0.01%
	RRR	D	0.01%
	KW	C	0.01%
	NWN	B	0.01%
	CORT	B	0.01%
	ONTO	C	0.01%
	AXL	F	0.01%
	THRM	F	0.01%
	ESE	B	0.01%
	MGY	C	0.01%
	JACK	F	0.01%
	MGEE	A	0.01%
	OII	D	0.01%
	CIVI	F	0.01%
	JJSF	A	0.01%
	ARI	F	0.01%
	CENTA	F	0.01%
	FRME	D	0.01%
	TILE	B	0.01%
	HCSG	D	0.01%
	HI	F	0.01%
	IBTX	D	0.01%
	ENR	B	0.01%
	AZEK	B	0.01%
	KFRC	F	0.01%
	AKR	B	0.01%
	FTDR	C	0.01%
	RBC	B	0.01%
	UCBI	C	0.01%
	ROKU	D	0.01%
	FBP	D	0.01%
	ROCK	D	0.01%
	TOWN	D	0.01%
	TW	A	0.01%
	MELI	C	0.01%
	ESGR	D	0.01%
	PINS	D	0.01%
	CSTM	D	0.01%
	EIG	B	0.01%
	LXP	D	0.01%
	HELE	D	0.01%
	BKD	D	0.01%
	STRA	F	0.01%
	BSIG	C	0.01%
	WSBC	D	0.01%
	OTTR	F	0.01%
	HEES	D	0.01%
	CVBF	D	0.01%
	WSFS	D	0.01%
	NTCT	C	0.01%
	OLED	C	0.01%
	CWEN	A	0.01%
	JBT	B	0.01%
	WOR	F	0.01%
	STRL	C	0.01%
	CNXN	C	0.01%
	PMT	B	0.01%
	ABR	B	0.01%
	GNL	D	0.01%
	NGVT	D	0.01%
	MMSI	C	0.01%
	OSIS	B	0.01%
	GCI	C	0.01%
	KALU	D	0.01%
	CHRD	F	0.01%
	CDE	C	0.01%
	RHP	C	0.01%
	BKE	C	0.01%
	GFF	B	0.01%
	ATI	B	0.01%
	ICFI	C	0.01%
	AX	D	0.01%
	BCPC	C	0.01%
	REVG	D	0.01%
	ATKR	F	0.01%
	SASR	C	0.01%
	DLX	F	0.01%
	CBU	D	0.01%
	AEIS	D	0.01%
	AIN	D	0.01%
	ALEX	D	0.01%
	EMBC	D	0.01%
	PGRE	D	0.01%
	DIOD	F	0.01%
	PPBI	D	0.01%
	WSC	D	0.01%
	CBRL	D	0.01%
	BV	B	0.01%
	DDS	D	0.01%
	SNBR	C	0.01%
	UE	B	0.01%
	MSA	D	0.01%
	BDN	A	0.01%
	NPO	C	0.01%
	PFS	D	0.01%
	ESRT	C	0.01%
	PBH	D	0.01%
	HL	C	0.01%
	TNET	F	0.01%
	WDAY	D	0.01%
	HLF	F	0.01%
	AMR	F	0.01%
	NHI	C	0.01%
	HTLF	C	0.01%
	FIBK	D	0.01%
	PLTR	C	0.01%
	CABO	F	0.01%
	NHC	D	0.01%
	SKT	A	0.01%
	FFBC	D	0.01%
	IOSP	F	0.01%
	RIG	F	0.01%
	EPC	F	0.01%
	TREX	D	0.01%
	MORN	C	0.01%
	RRC	D	0.01%
	JBLU	B	0.01%
	VGR	C	0.01%
	TRMK	D	0.01%
	LRN	C	0.01%
	ETSY	F	0.01%
	TWLO	C	0.01%
	SHO	D	0.01%
	HTH	D	0.01%
	BANR	C	0.01%
	PECO	C	0.01%
	DNB	D	0.01%
	XHR	C	0.01%
	PLNT	C	0.01%
	IDCC	A	0.01%
	AZZ	C	0.01%
	AMRK	B	0.01%
	APOG	B	0.01%
	BOKF	D	0.01%
	HOPE	D	0.01%
	DORM	C	0.01%
	MANH	C	0.01%
	SCL	D	0.01%
	ECPG	F	0.01%
	IBP	C	0.01%
	AMN	F	0.01%
	TDC	D	0.01%
	RLJ	D	0.01%
	HPP	F	0.01%
	MWA	B	0.01%
	ZD	D	0.01%
	BOH	F	0.01%
	FWRD	D	0.01%
	KAR	D	0.01%
	AIR	D	0.01%
	VSTO	D	0.01%
	DRH	D	0.01%
	ABCB	C	0.01%
	FELE	B	0.01%
	IAC	C	0.01%
	IGT	F	0.01%
	FSS	B	0.01%
	YELP	F	0.01%
	CEIX	B	0.01%
	WTS	B	0.01%
	APG	F	0.01%
	DOLE	C	0.01%
	SNDR	C	0.01%
	ITRI	C	0.01%
	PBI	C	0.01%
	GTES	C	0.01%
	LBRT	F	0.01%
	BGC	B	0.01%
	FULT	D	0.01%
	WMS	D	0.01%
	NEU	F	0.01%
	APAM	C	0.01%
	TROX	D	0.01%
	MCY	B	0.01%
	SMTC	C	0.01%
	SAH	D	0.01%
	CVCO	A	0.01%
	KELYA	D	0.01%
	ALK	B	0.01%
	MTDR	F	0.01%
	DNOW	F	0.01%
	AROC	C	0.01%
	WWW	B	0.01%
	KTB	B	0.01%
	COKE	B	0.01%
	ITGR	C	0.01%
	ARES	B	0.01%
	SLAB	D	0.01%
	NMRK	B	0.01%
	WEX	C	0.01%
	PDM	C	0.01%
	BOOT	B	0.01%
	ENSG	D	0.01%
	TYL	C	0.01%
	VEEV	C	0.01%
	JBGS	C	0.01%
	VNT	F	0.01%
	MTX	D	0.01%
	MLKN	F	0.01%
	SKY	A	0.01%
	CATY	D	0.01%
	SKYW	B	0.01%
	APP	B	0.01%
	SFNC	C	0.01%
	AMWD	C	0.01%
	WGO	D	0.01%
	SCSC	D	0.01%
	FND	B	0.01%
	CHDN	D	0.01%
	BXMT	C	0.01%
	ICUI	B	0.01%
	B	D	0.01%
	DASH	B	0.01%
	AGR	C	0.01%
	SITE	D	0.01%
	FN	C	0.01%
	TPG	C	0.01%
	CNK	C	0.01%
	SUM	D	0.01%
	VSTS	D	0.01%
	PTEN	F	0.01%
	ESAB	C	0.01%
	ARCH	D	0.01%
	LAUR	C	0.01%
	WYNN	B	0.01%
	MATX	B	0.01%
	UVV	C	0.01%
	PLUS	C	0.01%
	SVC	F	0.01%
	CACC	F	0.01%
	H	C	0.01%
	WMK	D	0.01%
	WTM	D	0.01%
	EAT	A	0.01%
	OUT	C	0.01%
	WAFD	D	0.01%
	LZB	C	0.01%
	PIPR	C	0.01%
	AVA	B	0.01%
	BFAM	C	0.01%
	SCS	D	0.01%
	SXT	C	0.01%
	PDCO	F	0.01%
	EXEL	C	0.01%
	KMT	C	0.01%
	LGIH	C	0.01%
	HE	F	0.01%
	DK	F	0.01%
	CRC	B	0.01%
	AXS	A	0.01%
	UNF	B	0.01%
	CALM	A	0.01%
	THS	C	0.01%
	APLE	D	0.01%
	PHIN	D	0.01%
	ZM	B	0.01%
	GBX	C	0.01%
	VVV	D	0.01%
	MPWR	C	0.01%
	PSMT	B	0.01%
	WD	C	0.01%
	CXW	F	0.01%
	ARCB	D	0.01%
	EBS	D	0.01%
	PINC	F	0.01%
	IMKTA	F	0.01%
	SSD	C	0.01%
	OMI	F	0.01%
	ACA	C	0.01%
	ADTN	C	0.01%
	RPRX	B	0.01%
	BYD	C	0.01%
	ENVA	C	0.01%
	HLI	B	0.01%
	BCO	A	0.01%
	ACHC	F	0.01%
	JELD	D	0.01%
	OLLI	C	0.01%
	ENTG	D	0.01%
	URBN	F	0.01%
	NOMD	D	0.01%
	FDP	B	0.01%
	TTMI	D	0.01%
	SAIA	D	0.01%
	FUL	F	0.01%
	LCII	B	0.01%
	ODP	F	0.01%
	PFSI	C	0.01%
	FHB	D	0.01%
	ACIW	A	0.01%
	SPTN	B	0.01%
	ANDE	D	0.01%
	MOD	C	0.01%
	ATGE	C	0.01%
	COLD	D	0.01%
	HRI	B	0.01%
	SBH	B	0.01%
	HP	F	0.01%
	DBX	C	0.01%
	NYT	B	0.01%
	HNI	B	0.01%
	MC	C	0.01%
	TRN	C	0.01%
	UNIT	C	0.01%
	GMS	D	0.01%
	SMCI	F	0.01%
	SHOO	A	0.01%
	CR	C	0.01%
	GIII	C	0.01%
	CWK	C	0.01%
	DAN	F	0.01%
	ADNT	D	0.01%
	VSCO	C	0.01%
	VRT	B	0.01%
	ELAN	D	0.01%
	PATK	B	0.01%
	ESI	B	0.01%
	CROX	C	0.01%
	COOP	C	0.01%
	LEG	D	0.01%
	WST	D	0.01%
	STC	C	0.01%
	SN	B	0.01%
	DEI	A	0.01%
	LOPE	D	0.01%
	TUP	F	0.0%
	SEG	D	0.0%
	PCRX	F	0.0%
	GIC	D	0.0%
	CRNC	F	0.0%
	TTEC	D	0.0%
	TWI	D	0.0%
	LESL	F	0.0%
	GSM	D	0.0%
	KE	F	0.0%
	THR	F	0.0%
	AMPH	C	0.0%
	ONEW	F	0.0%
	MGPI	D	0.0%
	REX	D	0.0%
	NIC	D	0.0%
	BMBL	F	0.0%
	TBBK	C	0.0%
	IRWD	F	0.0%
	CENT	F	0.0%
	SPWH	D	0.0%
	MODV	F	0.0%
	MP	C	0.0%
	SNEX	C	0.0%
	SSP	F	0.0%
	CRMT	F	0.0%
	RILY	F	0.0%
	AVD	F	0.0%
	HLNE	A	0.0%
	EDR	A	0.0%
	AOSL	D	0.0%
	HOV	C	0.0%
	SEDG	F	0.0%
	WOLF	F	0.0%
	CMTL	D	0.0%
	AMSF	B	0.0%
	AMRC	B	0.0%
	RMBS	F	0.0%
	TK	B	0.0%
	AGM	F	0.0%
	PKST	D	0.0%
	SSYS	D	0.0%
	GPRO	D	0.0%
	GDEN	D	0.0%
	VSEC	D	0.0%
	SNAP	D	0.0%
	MED	F	0.0%
	IVT	B	0.0%
	MOV	F	0.0%
	PRM	B	0.0%
	OIS	F	0.0%
	USM	C	0.0%
	PETS	D	0.0%
	MXL	F	0.0%
	VCTR	C	0.0%
	OKTA	F	0.0%
	VIR	F	0.0%
	KNSL	D	0.0%
	LEVI	B	0.0%
	DIN	D	0.0%
	AGL	F	0.0%
	VREX	F	0.0%
	VRTS	F	0.0%
	GTLS	F	0.0%
	GPMT	D	0.0%
	LYV	A	0.0%
	SFBS	D	0.0%
	BRSP	D	0.0%
	DT	C	0.0%
	JRVR	F	0.0%
	SBCF	D	0.0%
	PRVA	F	0.0%
	NPK	F	0.0%
	SGRY	C	0.0%
	USPH	F	0.0%
	IRBT	F	0.0%
	XPRO	F	0.0%
	RNST	D	0.0%
	ALGT	D	0.0%
	DENN	D	0.0%
	DHIL	C	0.0%
	CALX	C	0.0%
	TITN	F	0.0%
	FIZZ	C	0.0%
	KRNY	D	0.0%
	CTRE	B	0.0%
	MYE	F	0.0%
	FLGT	F	0.0%
	RYAM	B	0.0%
	CCRN	F	0.0%
	SRI	F	0.0%
	AMBC	F	0.0%
	SNOW	F	0.0%
	CMTG	F	0.0%
	HLIO	C	0.0%
	CSV	C	0.0%
	CSR	D	0.0%
	RC	F	0.0%
	ATNI	C	0.0%
	ARKO	C	0.0%
	RUN	D	0.0%
	ASTH	B	0.0%
	HAFC	D	0.0%
	GNK	C	0.0%
	CMP	D	0.0%
	TOST	B	0.0%
	PLCE	D	0.0%
	FLWS	F	0.0%
	PLOW	C	0.0%
	ARCO	D	0.0%
	PEN	D	0.0%
	CTRN	D	0.0%
	SSTK	F	0.0%
	MEI	D	0.0%
	AMC	F	0.0%
	CNOB	C	0.0%
	UFCS	D	0.0%
	NOG	D	0.0%
	OPK	D	0.0%
	CCSI	C	0.0%
	CLDT	D	0.0%
	BJRI	D	0.0%
	CRAI	B	0.0%
	CLOV	C	0.0%
	RGP	F	0.0%
	ALRM	F	0.0%
	CRGY	D	0.0%
	GTY	B	0.0%
	WASH	D	0.0%
	OPI	F	0.0%
	VRNT	F	0.0%
	EVRI	B	0.0%
	SRCE	D	0.0%
	HAYW	B	0.0%
	ALTO	D	0.0%
	WABC	F	0.0%
	WOW	D	0.0%
	DCO	B	0.0%
	TPIC	C	0.0%
	BRY	F	0.0%
	BANF	D	0.0%
	SHYF	D	0.0%
	CLB	D	0.0%
	RKT	B	0.0%
	ZEUS	F	0.0%
	SEB	D	0.0%
	ALKS	C	0.0%
	VAL	F	0.0%
	MERC	D	0.0%
	AVO	C	0.0%
	TDOC	D	0.0%
	MTW	F	0.0%
	HFWA	D	0.0%
	PFC	D	0.0%
	SPSC	D	0.0%
	TEN	D	0.0%
	IPAR	D	0.0%
	MATW	F	0.0%
	CARS	F	0.0%
	PEGA	C	0.0%
	TMP	D	0.0%
	NVEE	F	0.0%
	OCFC	C	0.0%
	PZZA	D	0.0%
	HASI	C	0.0%
	TNK	D	0.0%
	MTUS	F	0.0%
	PARR	F	0.0%
	DAC	B	0.0%
	KREF	C	0.0%
	ICHR	F	0.0%
	HSII	B	0.0%
	LSCC	D	0.0%
	BRC	C	0.0%
	BBSI	A	0.0%
	GRBK	B	0.0%
	DBI	F	0.0%
	UTL	C	0.0%
	EGBN	C	0.0%
	WRLD	D	0.0%
	EVTC	D	0.0%
	RGEN	F	0.0%
	BRKL	D	0.0%
	WTTR	D	0.0%
	ECVT	F	0.0%
	LKFN	D	0.0%
	CLVT	D	0.0%
	TCBK	D	0.0%
	IHRT	C	0.0%
	EBF	B	0.0%
	COHU	F	0.0%
	TBI	F	0.0%
	HVT	F	0.0%
	PRLB	F	0.0%
	INSW	C	0.0%
	AVNS	C	0.0%
	STNE	F	0.0%
	SHEN	F	0.0%
	AHCO	B	0.0%
	EAF	D	0.0%
	USNA	F	0.0%
	IART	F	0.0%
	ACLS	F	0.0%
	SBSI	D	0.0%
	WOOF	C	0.0%
	CFFN	D	0.0%
	PTON	D	0.0%
	CMRE	C	0.0%
	CNNE	F	0.0%
	CMCO	D	0.0%
	CBL	D	0.0%
	ETH	D	0.0%
	RES	D	0.0%
	GDOT	C	0.0%
	CVGW	B	0.0%
	SGH	F	0.0%
	PRIM	C	0.0%
	CPF	C	0.0%
	LTC	C	0.0%
	RGR	F	0.0%
	AUB	D	0.0%
	SBLK	B	0.0%
	DXPE	B	0.0%
	LNN	B	0.0%
	ASTE	F	0.0%
	STEP	A	0.0%
	PRFT	A	0.0%
	GFS	F	0.0%
	PRA	C	0.0%
	SFIX	F	0.0%
	CLW	F	0.0%
	EXAS	C	0.0%
	EPAC	C	0.0%
	SUPN	D	0.0%
	XP	F	0.0%
	HTLD	F	0.0%
	MNRO	C	0.0%
	GLDD	B	0.0%
	SMP	D	0.0%
	WFRD	F	0.0%
	SONO	D	0.0%
	GLOB	D	0.0%
	FBNC	D	0.0%
	OFG	D	0.0%
	UVE	C	0.0%
	PAGS	F	0.0%
	CHCO	D	0.0%
	SMPL	D	0.0%
	CNMD	D	0.0%
	PRGS	B	0.0%
	CTS	D	0.0%
	CPS	F	0.0%
	FOXF	F	0.0%
	ALIT	D	0.0%
	ZIMV	F	0.0%
	LBRDK	C	0.0%
	THRY	F	0.0%
	CRK	C	0.0%
	UIS	D	0.0%
	PLAY	D	0.0%
	VRRM	D	0.0%
	LPG	F	0.0%
	RDNT	C	0.0%
	FCPT	C	0.0%
	NUS	F	0.0%
	JBSS	F	0.0%
	SXC	F	0.0%
	QLYS	F	0.0%
	MYGN	D	0.0%
	EYE	F	0.0%
	EPRT	C	0.0%
	SJW	D	0.0%
	GPRE	F	0.0%
	GCO	F	0.0%
	RWT	C	0.0%
	CWH	C	0.0%
	SENEA	C	0.0%
	STNG	D	0.0%
	KTOS	A	0.0%
	LYFT	D	0.0%
	OEC	F	0.0%
	ASIX	B	0.0%
	TRTX	D	0.0%
	WHD	B	0.0%
	CHEF	B	0.0%
	AGX	B	0.0%
	HMST	B	0.0%
	ZUMZ	D	0.0%
	DEA	D	0.0%
	DHT	B	0.0%
	W	D	0.0%
	CWST	D	0.0%
	SABR	C	0.0%
	SCVL	C	0.0%
	EXPI	C	0.0%
	PSTG	F	0.0%
	PR	F	0.0%
	PJT	C	0.0%
	TRNO	D	0.0%
	BXC	D	0.0%
	CNSL	A	0.0%
	AWR	B	0.0%
	RDUS	D	0.0%
	PUMP	F	0.0%
	KWR	D	0.0%
	SWBI	F	0.0%
	MODG	F	0.0%
	CUBI	F	0.0%
	GES	F	0.0%
	EFSC	D	0.0%
	ALG	D	0.0%
	HURN	C	0.0%
	FCF	D	0.0%
	GLNG	A	0.0%
	TNC	F	0.0%
	WDFC	C	0.0%
	KOP	F	0.0%
	HMN	C	0.0%
	ACCO	C	0.0%
	PRAA	F	0.0%
	NBR	F	0.0%
	GO	F	0.0%
	NX	F	0.0%
	MMI	C	0.0%
	TRS	D	0.0%
	OXM	F	0.0%
	ILPT	D	0.0%
	ENV	C	0.0%
	AAT	C	0.0%
	TRIP	F	0.0%
	TSE	C	0.0%
	ADUS	C	0.0%
	NBIX	F	0.0%
	CPK	B	0.0%
	BSY	D	0.0%
	VBTX	C	0.0%
	AAN	D	0.0%
	MYRG	F	0.0%
	ZWS	A	0.0%
	CVI	F	0.0%
	INVA	B	0.0%
	GTN	D	0.0%
	MRCY	C	0.0%
	CAL	F	0.0%
	PLAB	D	0.0%
	CMPR	F	0.0%
	NNI	C	0.0%
	EBC	D	0.0%
	OPEN	F	0.0%
	SFL	D	0.0%
	BNL	B	0.0%
	AGRO	B	0.0%
	STBA	D	0.0%
	SXI	B	0.0%
	CAKE	B	0.0%
	CSGS	C	0.0%
	CASH	D	0.0%
	WING	B	0.0%
	ROG	D	0.0%
	DFIN	D	0.0%
	COTY	F	0.0%
	CNDT	B	0.0%
	REYN	C	0.0%
	MRTN	D	0.0%
	MEDP	F	0.0%
	BMI	A	0.0%
	BZH	B	0.0%
	TALO	F	0.0%
	PTVE	D	0.0%
	BUSE	D	0.0%
	KLIC	D	0.0%
	FORM	F	0.0%
	FIVE	D	0.0%
	RAMP	F	0.0%
	NTB	D	0.0%
	ATSG	C	0.0%
	INDB	D	0.0%

FNDB Underweight 25 Positions Relative to IUSV

	Symbol	Grade	Weight
	FI	A	-0.22%
	COR	F	-0.17%
	LH	D	-0.08%
	GEN	A	-0.07%
	RVTY	C	-0.07%
	COO	C	-0.06%
	NLY	C	-0.05%
	HR	C	-0.03%
	FBIN	B	-0.03%
	NYCB	D	-0.02%
	FOX	A	-0.02%
	ALTM	D	-0.01%
	VNOM	B	-0.01%
	ROIV	D	-0.01%
	CDP	A	-0.01%
	RCM	B	-0.01%
	SRPT	F	-0.01%
	MTSI	C	-0.01%
	DOCS	B	-0.01%
	BHF	F	-0.01%
	CXT	F	-0.01%
	AZPN	C	-0.01%
	NWS	D	-0.01%
	CYTK	F	-0.01%
	UA	B	-0.0%

FNDB: Top Represented Industries & Keywords

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

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

IUSV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Business Services Asset Management Diagnostics & Research Packaged Foods Semiconductors Packaging & Containers Specialty Chemicals Capital Markets Medical Instruments & Supplies Software - Application Biotechnology Insurance - Property & Casualty Oil & Gas E&P Specialty Retail Information Technology Services Medical Devices REIT - Diversified

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