FNDB vs. MFUS ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

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

$67.42

Average Daily Volume

25,597

Number of Holdings ^*

1670

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$48.06

Average Daily Volume

4,702

Number of Holdings ^*

782

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	MFUS
30 Days	2.46%	1.58%
60 Days	3.32%	3.68%
90 Days	5.80%	6.69%
12 Months	17.91%	20.74%

781 Overlapping Holdings

	Symbol	Grade	Weight in FNDB	Weight in MFUS	Overlap
	A	B	0.06%	0.05%	0.05%
	AA	F	0.05%	0.02%	0.02%
	AAP	D	0.04%	0.01%	0.01%
	AAPL	C	4.11%	0.68%	0.68%
	ABBV	A	0.53%	1.2%	0.53%
	ABG	B	0.03%	0.07%	0.03%
	ABM	A	0.02%	0.04%	0.02%
	ACA	B	0.01%	0.03%	0.01%
	ACI	F	0.02%	0.01%	0.01%
	ACM	B	0.04%	0.04%	0.04%
	ACN	C	0.3%	0.18%	0.18%
	ADBE	B	0.19%	0.04%	0.04%
	ADM	D	0.22%	0.34%	0.22%
	ADNT	F	0.02%	0.03%	0.02%
	ADP	A	0.12%	0.08%	0.08%
	ADSK	C	0.03%	0.08%	0.03%
	AEO	D	0.02%	0.1%	0.02%
	AES	D	0.06%	0.04%	0.04%
	AFG	B	0.04%	0.01%	0.01%
	AFL	A	0.18%	0.17%	0.17%
	AGCO	F	0.03%	0.02%	0.02%
	AGNC	B	0.02%	0.04%	0.02%
	AIG	C	0.28%	0.44%	0.28%
	AIR	F	0.01%	0.02%	0.01%
	AIT	C	0.02%	0.02%	0.02%
	AIZ	B	0.02%	0.07%	0.02%
	AJG	A	0.05%	0.08%	0.05%
	AKAM	C	0.03%	0.03%	0.03%
	ALGN	F	0.02%	0.02%	0.02%
	ALL	A	0.25%	0.34%	0.25%
	ALLY	B	0.12%	0.14%	0.12%
	ALSN	A	0.04%	0.08%	0.04%
	AMAT	D	0.26%	0.52%	0.26%
	AMED	A	0.01%	0.01%	0.01%
	AMG	B	0.03%	0.05%	0.03%
	AMGN	B	0.45%	1.06%	0.45%
	AMH	C	0.01%	0.03%	0.01%
	AMKR	F	0.02%	0.04%	0.02%
	AMP	D	0.11%	0.08%	0.08%
	AMWD	B	0.01%	0.01%	0.01%
	AMZN	D	1.29%	1.29%	1.29%
	AN	B	0.05%	0.09%	0.05%
	ANDE	C	0.02%	0.02%	0.02%
	ANET	C	0.03%	0.13%	0.03%
	ANF	D	0.03%	0.32%	0.03%
	ANSS	F	0.02%	0.06%	0.02%
	AON	B	0.11%	0.17%	0.11%
	AOS	C	0.03%	0.11%	0.03%
	APAM	C	0.01%	0.02%	0.01%
	APG	D	0.01%	0.04%	0.01%
	APH	D	0.08%	0.1%	0.08%
	APLE	C	0.01%	0.04%	0.01%
	APO	C	0.04%	0.12%	0.04%
	APOG	B	0.01%	0.02%	0.01%
	APP	D	0.01%	0.03%	0.01%
	AR	D	0.02%	0.05%	0.02%
	ARCB	B	0.01%	0.01%	0.01%
	ARCH	F	0.01%	0.01%	0.01%
	ARES	B	0.01%	0.1%	0.01%
	AROC	C	0.01%	0.04%	0.01%
	ARW	C	0.08%	0.06%	0.06%
	ASO	F	0.02%	0.03%	0.02%
	ATGE	B	0.01%	0.05%	0.01%
	ATI	B	0.01%	0.05%	0.01%
	ATR	A	0.02%	0.07%	0.02%
	AVA	A	0.01%	0.03%	0.01%
	AVGO	D	0.59%	1.38%	0.59%
	AVT	D	0.07%	0.05%	0.05%
	AVTR	B	0.02%	0.03%	0.02%
	AVY	D	0.04%	0.1%	0.04%
	AWI	B	0.02%	0.03%	0.02%
	AXP	A	0.33%	0.19%	0.19%
	AXTA	A	0.02%	0.02%	0.02%
	AYI	D	0.03%	0.07%	0.03%
	AZO	B	0.06%	0.28%	0.06%
	BAC	C	1.22%	0.42%	0.42%
	BAH	D	0.03%	0.14%	0.03%
	BALL	C	0.06%	0.07%	0.06%
	BAX	C	0.07%	0.03%	0.03%
	BBWI	F	0.03%	0.02%	0.02%
	BBY	C	0.16%	0.22%	0.16%
	BC	C	0.03%	0.06%	0.03%
	BCC	C	0.03%	0.06%	0.03%
	BDC	A	0.01%	0.04%	0.01%
	BDX	C	0.1%	0.09%	0.09%
	BECN	B	0.02%	0.01%	0.01%
	BEN	D	0.04%	0.05%	0.04%
	BERY	B	0.04%	0.05%	0.04%
	BFAM	B	0.01%	0.02%	0.01%
	BHE	B	0.02%	0.01%	0.01%
	BIIB	F	0.1%	0.09%	0.09%
	BJ	C	0.02%	0.03%	0.02%
	BK	A	0.23%	0.25%	0.23%
	BKE	B	0.01%	0.02%	0.01%
	BKNG	D	0.18%	0.48%	0.18%
	BKR	B	0.15%	0.17%	0.15%
	BKU	B	0.02%	0.03%	0.02%
	BLD	C	0.02%	0.04%	0.02%
	BLDR	C	0.03%	0.03%	0.03%
	BMRN	C	0.01%	0.02%	0.01%
	BMY	B	0.34%	0.26%	0.26%
	BR	A	0.03%	0.15%	0.03%
	BRC	A	0.0%	0.01%	0.0%
	BRK.A	C	2.07%	1.92%	1.92%
	BRKR	D	0.01%	0.03%	0.01%
	BRO	A	0.02%	0.12%	0.02%
	BSX	D	0.08%	0.18%	0.08%
	BTU	D	0.02%	0.04%	0.02%
	BURL	B	0.03%	0.03%	0.03%
	BWA	C	0.04%	0.05%	0.04%
	BWXT	C	0.02%	0.09%	0.02%
	BX	B	0.1%	0.23%	0.1%
	BXP	B	0.04%	0.01%	0.01%
	C	B	1.1%	1.36%	1.1%
	CACC	D	0.01%	0.01%	0.01%
	CACC	D	0.01%	0.01%	0.01%
	CACI	A	0.03%	0.09%	0.03%
	CADE	C	0.01%	0.01%	0.01%
	CAG	A	0.06%	0.04%	0.04%
	CAH	B	0.06%	0.3%	0.06%
	CALM	A	0.01%	0.06%	0.01%
	CARR	B	0.11%	0.11%	0.11%
	CASY	B	0.05%	0.15%	0.05%
	CAT	C	0.38%	0.42%	0.38%
	CB	A	0.25%	0.14%	0.14%
	CBRL	D	0.01%	0.01%	0.01%
	CBSH	B	0.02%	0.01%	0.01%
	CBT	C	0.02%	0.04%	0.02%
	CC	F	0.02%	0.02%	0.02%
	CCK	B	0.03%	0.06%	0.03%
	CCL	D	0.05%	0.05%	0.05%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.06%	0.08%	0.06%
	CEG	D	0.08%	0.09%	0.08%
	CENTA	D	0.01%	0.01%	0.01%
	CFG	B	0.1%	0.07%	0.07%
	CG	B	0.03%	0.03%	0.03%
	CHD	D	0.04%	0.06%	0.04%
	CHDN	B	0.01%	0.02%	0.01%
	CHE	B	0.02%	0.06%	0.02%
	CHRD	D	0.01%	0.03%	0.01%
	CHRW	A	0.06%	0.08%	0.06%
	CHTR	B	0.32%	0.24%	0.24%
	CI	C	0.48%	0.14%	0.14%
	CINF	A	0.06%	0.02%	0.02%
	CL	A	0.14%	0.3%	0.14%
	CLH	A	0.02%	0.04%	0.02%
	CLX	D	0.03%	0.12%	0.03%
	CMA	B	0.05%	0.03%	0.03%
	CMC	B	0.03%	0.08%	0.03%
	CMCSA	C	0.71%	0.24%	0.24%
	CME	F	0.07%	0.18%	0.07%
	CMG	D	0.03%	0.21%	0.03%
	CMI	B	0.16%	0.11%	0.11%
	CNM	C	0.01%	0.01%	0.01%
	CNO	B	0.03%	0.04%	0.03%
	CNX	B	0.02%	0.06%	0.02%
	COF	B	0.39%	0.45%	0.39%
	COHR	C	0.01%	0.02%	0.01%
	COIN	C	0.03%	0.1%	0.03%
	COKE	A	0.01%	0.02%	0.01%
	COLD	B	0.01%	0.04%	0.01%
	COOP	C	0.02%	0.04%	0.02%
	COP	F	0.42%	0.33%	0.33%
	COST	D	0.61%	1.14%	0.61%
	CPAY	C	0.04%	0.05%	0.04%
	CPB	A	0.03%	0.01%	0.01%
	CPNG	D	0.0%	0.03%	0.0%
	CPRI	D	0.02%	0.01%	0.01%
	CPRT	D	0.02%	0.2%	0.02%
	CPT	A	0.02%	0.05%	0.02%
	CR	B	0.02%	0.01%	0.01%
	CRBG	D	0.03%	0.04%	0.03%
	CRI	F	0.01%	0.05%	0.01%
	CRM	C	0.11%	0.36%	0.11%
	CRS	B	0.02%	0.1%	0.02%
	CRUS	C	0.02%	0.05%	0.02%
	CSCO	C	0.66%	0.41%	0.41%
	CSGS	C	0.0%	0.01%	0.0%
	CSL	C	0.05%	0.02%	0.02%
	CSX	B	0.2%	0.08%	0.08%
	CTAS	A	0.08%	0.16%	0.08%
	CTLT	A	0.02%	0.02%	0.02%
	CTRA	F	0.02%	0.03%	0.02%
	CTVA	C	0.08%	0.03%	0.03%
	CUBE	B	0.01%	0.04%	0.01%
	CVI	D	0.01%	0.01%	0.01%
	CVLT	B	0.01%	0.03%	0.01%
	CVS	C	0.67%	0.84%	0.67%
	CVX	C	1.12%	0.9%	0.9%
	CW	A	0.02%	0.08%	0.02%
	CWEN	A	0.01%	0.01%	0.01%
	CXW	D	0.01%	0.02%	0.01%
	DAN	D	0.02%	0.02%	0.02%
	DASH	D	0.01%	0.07%	0.01%
	DBRG	D	0.02%	0.03%	0.02%
	DCI	B	0.02%	0.04%	0.02%
	DD	A	0.17%	0.22%	0.17%
	DDS	F	0.01%	0.04%	0.01%
	DECK	D	0.03%	0.16%	0.03%
	DEI	B	0.01%	0.01%	0.01%
	DELL	D	0.01%	0.06%	0.01%
	DFS	C	0.21%	0.08%	0.08%
	DG	D	0.11%	0.08%	0.08%
	DGX	A	0.06%	0.06%	0.06%
	DHR	A	0.16%	0.26%	0.16%
	DINO	D	0.05%	0.03%	0.03%
	DK	D	0.01%	0.03%	0.01%
	DKS	D	0.04%	0.09%	0.04%
	DLB	F	0.01%	0.03%	0.01%
	DLR	B	0.07%	0.08%	0.07%
	DLTR	F	0.06%	0.04%	0.04%
	DNOW	B	0.01%	0.02%	0.01%
	DORM	B	0.01%	0.02%	0.01%
	DOV	C	0.06%	0.02%	0.02%
	DOW	F	0.19%	0.04%	0.04%
	DOX	B	0.04%	0.03%	0.03%
	DPZ	D	0.03%	0.19%	0.03%
	DRH	F	0.01%	0.02%	0.01%
	DRI	D	0.04%	0.02%	0.02%
	DTM	A	0.01%	0.01%	0.01%
	DUK	A	0.29%	0.13%	0.13%
	DVA	D	0.05%	0.17%	0.05%
	DXC	C	0.04%	0.02%	0.02%
	DY	B	0.02%	0.01%	0.01%
	EA	B	0.08%	0.09%	0.08%
	EBAY	A	0.15%	0.31%	0.15%
	ECL	B	0.08%	0.08%	0.08%
	ECPG	C	0.01%	0.01%	0.01%
	EFX	A	0.03%	0.08%	0.03%
	EHC	A	0.02%	0.08%	0.02%
	ELAN	D	0.01%	0.01%	0.01%
	ELS	A	0.01%	0.03%	0.01%
	ELV	C	0.45%	0.08%	0.08%
	EME	D	0.05%	0.03%	0.03%
	EMN	B	0.07%	0.06%	0.06%
	EMR	B	0.16%	0.17%	0.16%
	ENTG	F	0.01%	0.05%	0.01%
	EOG	C	0.2%	0.11%	0.11%
	EPC	C	0.01%	0.02%	0.01%
	EQH	B	0.05%	0.07%	0.05%
	EQIX	B	0.07%	0.03%	0.03%
	ERIE	A	0.0%	0.07%	0.0%
	ESAB	C	0.01%	0.01%	0.01%
	ESI	C	0.02%	0.01%	0.01%
	ESNT	B	0.01%	0.01%	0.01%
	ETN	D	0.19%	0.19%	0.19%
	EVR	B	0.04%	0.12%	0.04%
	EVRG	A	0.06%	0.01%	0.01%
	EWBC	C	0.03%	0.02%	0.02%
	EXC	B	0.15%	0.11%	0.11%
	EXEL	A	0.01%	0.02%	0.01%
	EXP	B	0.02%	0.05%	0.02%
	EXPD	A	0.02%	0.07%	0.02%
	EXR	B	0.03%	0.07%	0.03%
	F	F	0.31%	0.44%	0.31%
	FAF	B	0.04%	0.02%	0.02%
	FANG	C	0.05%	0.05%	0.05%
	FAST	C	0.06%	0.1%	0.06%
	FCN	C	0.02%	0.07%	0.02%
	FCNCA	B	0.02%	0.05%	0.02%
	FCX	D	0.14%	0.1%	0.1%
	FDS	F	0.01%	0.05%	0.01%
	FELE	B	0.01%	0.01%	0.01%
	FFIV	B	0.02%	0.03%	0.02%
	FHI	C	0.0%	0.04%	0.0%
	FHN	C	0.03%	0.01%	0.01%
	FICO	B	0.02%	0.2%	0.02%
	FIS	D	0.11%	0.07%	0.07%
	FITB	B	0.12%	0.05%	0.05%
	FIX	C	0.01%	0.05%	0.01%
	FL	B	0.03%	0.05%	0.03%
	FLEX	D	0.05%	0.06%	0.05%
	FLO	C	0.02%	0.04%	0.02%
	FLR	C	0.03%	0.01%	0.01%
	FLS	B	0.02%	0.02%	0.02%
	FND	F	0.01%	0.03%	0.01%
	FNF	A	0.06%	0.02%	0.02%
	FOXA	A	0.08%	0.08%	0.08%
	FR	A	0.01%	0.03%	0.01%
	FTI	B	0.02%	0.12%	0.02%
	FTNT	F	0.02%	0.04%	0.02%
	FYBR	A	0.03%	0.01%	0.01%
	G	B	0.02%	0.05%	0.02%
	GATX	C	0.02%	0.04%	0.02%
	GBX	C	0.01%	0.03%	0.01%
	GD	C	0.21%	0.16%	0.16%
	GDDY	C	0.02%	0.09%	0.02%
	GE	B	0.16%	1.08%	0.16%
	GEF	B	0.01%	0.02%	0.01%
	GEHC	B	0.06%	0.02%	0.02%
	GEO	C	0.02%	0.04%	0.02%
	GES	C	0.01%	0.02%	0.01%
	GGG	C	0.02%	0.04%	0.02%
	GHC	C	0.02%	0.02%	0.02%
	GILD	B	0.3%	0.71%	0.3%
	GIS	B	0.11%	0.1%	0.1%
	GLPI	B	0.02%	0.07%	0.02%
	GLW	C	0.13%	0.21%	0.13%
	GM	D	0.62%	0.59%	0.59%
	GMED	B	0.01%	0.02%	0.01%
	GMS	C	0.01%	0.04%	0.01%
	GNRC	C	0.02%	0.05%	0.02%
	GNTX	F	0.03%	0.07%	0.03%
	GNW	B	0.03%	0.04%	0.03%
	GOLF	B	0.01%	0.01%	0.01%
	GOOGL	D	1.23%	1.37%	1.23%
	GPC	B	0.05%	0.02%	0.02%
	GPI	B	0.04%	0.08%	0.04%
	GPK	B	0.03%	0.09%	0.03%
	GPS	D	0.04%	0.08%	0.04%
	GS	B	0.55%	0.48%	0.48%
	GT	F	0.04%	0.05%	0.04%
	GVA	B	0.01%	0.04%	0.01%
	GWRE	B	0.0%	0.02%	0.0%
	GWW	C	0.07%	0.17%	0.07%
	H	C	0.01%	0.01%	0.01%
	HAE	C	0.01%	0.03%	0.01%
	HAL	F	0.07%	0.04%	0.04%
	HBAN	B	0.06%	0.03%	0.03%
	HBI	B	0.03%	0.03%	0.03%
	HCA	A	0.21%	0.12%	0.12%
	HCC	C	0.02%	0.08%	0.02%
	HD	C	0.7%	0.38%	0.38%
	HEI	A	0.02%	0.03%	0.02%
	HELE	F	0.01%	0.01%	0.01%
	HIG	A	0.14%	0.05%	0.05%
	HII	C	0.04%	0.02%	0.02%
	HLI	B	0.01%	0.07%	0.01%
	HLT	C	0.05%	0.08%	0.05%
	HNI	B	0.01%	0.02%	0.01%
	HOG	B	0.02%	0.02%	0.02%
	HOLX	A	0.04%	0.03%	0.03%
	HP	C	0.02%	0.04%	0.02%
	HPE	D	0.2%	0.25%	0.2%
	HPP	C	0.01%	0.01%	0.01%
	HPQ	C	0.2%	0.31%	0.2%
	HRB	A	0.02%	0.08%	0.02%
	HRL	B	0.03%	0.01%	0.01%
	HSIC	B	0.04%	0.03%	0.03%
	HST	F	0.04%	0.02%	0.02%
	HSY	B	0.04%	0.06%	0.04%
	HUBB	C	0.03%	0.08%	0.03%
	HUBG	B	0.02%	0.04%	0.02%
	HUN	D	0.03%	0.01%	0.01%
	HWM	A	0.05%	0.11%	0.05%
	HXL	D	0.01%	0.04%	0.01%
	IBKR	D	0.01%	0.05%	0.01%
	IBM	B	0.52%	1.2%	0.52%
	ICE	A	0.11%	0.27%	0.11%
	IDXX	D	0.02%	0.06%	0.02%
	IEX	D	0.02%	0.08%	0.02%
	IFF	A	0.05%	0.03%	0.03%
	IGT	C	0.01%	0.02%	0.01%
	INCY	C	0.01%	0.01%	0.01%
	INGR	A	0.04%	0.05%	0.04%
	INTC	F	0.9%	0.61%	0.61%
	INTU	B	0.1%	0.26%	0.1%
	INVH	B	0.03%	0.06%	0.03%
	IOSP	C	0.01%	0.02%	0.01%
	IP	A	0.14%	0.12%	0.12%
	IPG	B	0.04%	0.07%	0.04%
	IR	C	0.03%	0.1%	0.03%
	IRM	A	0.06%	0.1%	0.06%
	IT	A	0.03%	0.14%	0.03%
	ITT	B	0.03%	0.08%	0.03%
	ITW	C	0.14%	0.08%	0.08%
	IVZ	B	0.04%	0.06%	0.04%
	JAZZ	C	0.02%	0.01%	0.01%
	JBGS	C	0.01%	0.01%	0.01%
	JBHT	C	0.04%	0.02%	0.02%
	JBL	F	0.05%	0.07%	0.05%
	JEF	B	0.05%	0.03%	0.03%
	JELD	C	0.01%	0.01%	0.01%
	JHG	B	0.03%	0.03%	0.03%
	JKHY	B	0.02%	0.1%	0.02%
	JLL	B	0.08%	0.05%	0.05%
	JNJ	B	0.91%	0.97%	0.91%
	JNPR	A	0.05%	0.12%	0.05%
	JPM	B	1.86%	0.93%	0.93%
	JWN	B	0.02%	0.03%	0.02%
	JXN	B	0.04%	0.09%	0.04%
	K	A	0.05%	0.07%	0.05%
	KALU	F	0.01%	0.01%	0.01%
	KBH	B	0.03%	0.04%	0.03%
	KBR	B	0.02%	0.02%	0.02%
	KD	C	0.05%	0.07%	0.05%
	KDP	A	0.07%	0.06%	0.06%
	KEX	C	0.01%	0.01%	0.01%
	KEY	C	0.09%	0.02%	0.02%
	KHC	B	0.09%	0.15%	0.09%
	KKR	B	0.1%	0.12%	0.1%
	KLAC	D	0.1%	0.25%	0.1%
	KMB	B	0.11%	0.16%	0.11%
	KMI	B	0.18%	0.08%	0.08%
	KMPR	B	0.02%	0.02%	0.02%
	KN	C	0.01%	0.01%	0.01%
	KNX	B	0.04%	0.01%	0.01%
	KO	A	0.38%	0.56%	0.38%
	KR	B	0.27%	0.36%	0.27%
	KSS	D	0.07%	0.06%	0.06%
	KTB	A	0.01%	0.05%	0.01%
	L	B	0.05%	0.08%	0.05%
	LAD	B	0.05%	0.01%	0.01%
	LADR	B	0.01%	0.01%	0.01%
	LAMR	B	0.02%	0.05%	0.02%
	LANC	B	0.01%	0.05%	0.01%
	LAUR	B	0.01%	0.01%	0.01%
	LBRDK	B	0.0%	0.02%	0.0%
	LDOS	C	0.07%	0.08%	0.07%
	LEA	C	0.06%	0.04%	0.04%
	LECO	C	0.02%	0.09%	0.02%
	LEG	D	0.02%	0.02%	0.02%
	LEN	B	0.17%	0.08%	0.08%
	LHX	B	0.15%	0.2%	0.15%
	LII	B	0.03%	0.22%	0.03%
	LLY	D	0.21%	2.4%	0.21%
	LMT	A	0.34%	0.48%	0.34%
	LNC	B	0.06%	0.05%	0.05%
	LNW	A	0.01%	0.02%	0.01%
	LOPE	A	0.02%	0.05%	0.02%
	LOW	B	0.37%	0.22%	0.22%
	LPLA	F	0.03%	0.08%	0.03%
	LPX	B	0.03%	0.06%	0.03%
	LRCX	F	0.17%	0.34%	0.17%
	LSTR	B	0.02%	0.09%	0.02%
	LSXMK	D	0.05%	0.03%	0.03%
	LUMN	B	0.16%	0.02%	0.02%
	LVS	F	0.03%	0.01%	0.01%
	LW	F	0.01%	0.03%	0.01%
	LXP	B	0.01%	0.02%	0.01%
	LYB	B	0.15%	0.22%	0.15%
	LYFT	F	0.0%	0.01%	0.0%
	LZB	B	0.01%	0.02%	0.01%
	M	D	0.06%	0.05%	0.05%
	MA	C	0.24%	0.71%	0.24%
	MAC	C	0.02%	0.05%	0.02%
	MAN	B	0.05%	0.04%	0.04%
	MANH	B	0.01%	0.03%	0.01%
	MAR	F	0.07%	0.12%	0.07%
	MAS	B	0.05%	0.05%	0.05%
	MASI	F	0.01%	0.02%	0.01%
	MATX	B	0.01%	0.03%	0.01%
	MC	C	0.01%	0.03%	0.01%
	MCD	C	0.28%	0.35%	0.28%
	MCK	A	0.11%	0.6%	0.11%
	MCO	A	0.07%	0.03%	0.03%
	MCY	A	0.01%	0.02%	0.01%
	MDLZ	C	0.19%	0.19%	0.19%
	MDU	B	0.02%	0.03%	0.02%
	MET	B	0.24%	0.37%	0.24%
	META	C	1.52%	1.87%	1.52%
	MHK	B	0.07%	0.01%	0.01%
	MHO	B	0.02%	0.05%	0.02%
	MKC	B	0.03%	0.07%	0.03%
	MKL	C	0.04%	0.03%	0.03%
	MKSI	D	0.02%	0.01%	0.01%
	MKTX	C	0.01%	0.02%	0.01%
	MLI	B	0.03%	0.06%	0.03%
	MLKN	B	0.01%	0.01%	0.01%
	MLM	B	0.04%	0.06%	0.04%
	MMC	A	0.13%	0.18%	0.13%
	MMM	A	0.36%	0.33%	0.33%
	MMS	B	0.02%	0.06%	0.02%
	MNST	C	0.04%	0.06%	0.04%
	MO	A	0.34%	0.48%	0.34%
	MOG.A	B	0.02%	0.04%	0.02%
	MOH	C	0.05%	0.02%	0.02%
	MORN	B	0.01%	0.03%	0.01%
	MOS	D	0.06%	0.04%	0.04%
	MPC	C	0.41%	0.67%	0.41%
	MPWR	C	0.01%	0.08%	0.01%
	MRK	F	0.52%	0.96%	0.52%
	MRO	D	0.08%	0.11%	0.08%
	MSA	C	0.01%	0.04%	0.01%
	MSCI	B	0.03%	0.07%	0.03%
	MSI	A	0.05%	0.13%	0.05%
	MSM	C	0.02%	0.06%	0.02%
	MTB	B	0.09%	0.03%	0.03%
	MTD	A	0.03%	0.08%	0.03%
	MTDR	D	0.01%	0.01%	0.01%
	MTG	B	0.02%	0.04%	0.02%
	MTH	B	0.03%	0.08%	0.03%
	MTN	D	0.01%	0.05%	0.01%
	MU	D	0.41%	0.19%	0.19%
	MUR	F	0.02%	0.06%	0.02%
	MUSA	A	0.04%	0.17%	0.04%
	NAVI	C	0.02%	0.03%	0.02%
	NBIX	A	0.01%	0.05%	0.01%
	NDAQ	B	0.03%	0.02%	0.02%
	NDSN	C	0.02%	0.04%	0.02%
	NEM	A	0.16%	0.09%	0.09%
	NEU	B	0.01%	0.02%	0.01%
	NFG	A	0.02%	0.04%	0.02%
	NFLX	D	0.13%	0.42%	0.13%
	NKE	F	0.15%	0.04%	0.04%
	NNI	B	0.0%	0.01%	0.0%
	NOC	A	0.18%	0.19%	0.18%
	NOMD	B	0.01%	0.0%	0.0%
	NOV	B	0.02%	0.05%	0.02%
	NOW	B	0.02%	0.32%	0.02%
	NRG	D	0.09%	0.07%	0.07%
	NSIT	C	0.02%	0.07%	0.02%
	NSP	C	0.01%	0.02%	0.01%
	NTAP	C	0.08%	0.09%	0.08%
	NTCT	C	0.01%	0.02%	0.01%
	NTRS	B	0.06%	0.02%	0.02%
	NUE	F	0.19%	0.08%	0.08%
	NVDA	D	0.34%	1.71%	0.34%
	NVR	A	0.07%	0.07%	0.07%
	NVT	D	0.02%	0.03%	0.02%
	NWL	B	0.03%	0.01%	0.01%
	NWSA	C	0.04%	0.07%	0.04%
	NXST	B	0.03%	0.05%	0.03%
	NYT	B	0.01%	0.05%	0.01%
	OC	B	0.06%	0.08%	0.06%
	ODFL	B	0.05%	0.02%	0.02%
	ODP	D	0.02%	0.02%	0.02%
	OGN	B	0.07%	0.08%	0.07%
	OI	C	0.01%	0.03%	0.01%
	OKE	B	0.11%	0.07%	0.07%
	OKTA	C	0.0%	0.03%	0.0%
	OLLI	B	0.01%	0.01%	0.01%
	OLN	F	0.03%	0.04%	0.03%
	OMC	B	0.07%	0.05%	0.05%
	OMF	C	0.06%	0.04%	0.04%
	OMI	C	0.01%	0.01%	0.01%
	ONB	B	0.01%	0.01%	0.01%
	ORA	A	0.01%	0.02%	0.01%
	ORCL	B	0.37%	1.02%	0.37%
	ORLY	A	0.09%	0.17%	0.09%
	OSIS	B	0.01%	0.02%	0.01%
	OSK	D	0.04%	0.07%	0.04%
	OTIS	D	0.05%	0.07%	0.05%
	PAG	B	0.02%	0.05%	0.02%
	PANW	C	0.03%	0.24%	0.03%
	PARA	D	0.1%	0.02%	0.02%
	PAYX	A	0.05%	0.03%	0.03%
	PBF	F	0.03%	0.08%	0.03%
	PCAR	F	0.12%	0.08%	0.08%
	PDCO	C	0.01%	0.04%	0.01%
	PECO	B	0.01%	0.01%	0.01%
	PEG	A	0.1%	0.05%	0.05%
	PEP	B	0.41%	0.59%	0.41%
	PFE	B	0.73%	0.54%	0.54%
	PFG	C	0.08%	0.01%	0.01%
	PFSI	C	0.01%	0.02%	0.01%
	PG	B	0.76%	0.84%	0.76%
	PGR	B	0.21%	0.44%	0.21%
	PH	B	0.1%	0.12%	0.1%
	PHIN	B	0.01%	0.01%	0.01%
	PHM	B	0.11%	0.16%	0.11%
	PINC	B	0.01%	0.02%	0.01%
	PINS	F	0.01%	0.05%	0.01%
	PK	F	0.02%	0.06%	0.02%
	PKG	A	0.06%	0.05%	0.05%
	PLXS	B	0.02%	0.02%	0.02%
	PM	A	0.43%	0.5%	0.43%
	PMT	C	0.01%	0.02%	0.01%
	PNC	B	0.27%	0.1%	0.1%
	PNM	A	0.01%	0.02%	0.01%
	PNR	B	0.03%	0.08%	0.03%
	POOL	B	0.02%	0.06%	0.02%
	POST	A	0.02%	0.05%	0.02%
	PPG	F	0.08%	0.04%	0.04%
	PR	F	0.0%	0.05%	0.0%
	PRG	B	0.02%	0.03%	0.02%
	PRIM	B	0.0%	0.03%	0.0%
	PRU	B	0.23%	0.27%	0.23%
	PSA	B	0.05%	0.03%	0.03%
	PSMT	B	0.01%	0.01%	0.01%
	PSN	B	0.01%	0.02%	0.01%
	PSTG	D	0.0%	0.04%	0.0%
	PSX	C	0.38%	0.6%	0.38%
	PTC	D	0.01%	0.05%	0.01%
	PTEN	D	0.01%	0.02%	0.01%
	PVH	F	0.04%	0.04%	0.04%
	PWR	D	0.06%	0.13%	0.06%
	QCOM	D	0.47%	0.71%	0.47%
	QRVO	C	0.05%	0.01%	0.01%
	R	B	0.06%	0.06%	0.06%
	RBC	B	0.01%	0.01%	0.01%
	RCL	C	0.03%	0.08%	0.03%
	REGN	A	0.14%	0.43%	0.14%
	REZI	C	0.02%	0.02%	0.02%
	RGA	A	0.04%	0.05%	0.04%
	RGLD	A	0.01%	0.04%	0.01%
	RHI	F	0.03%	0.02%	0.02%
	RJF	F	0.04%	0.01%	0.01%
	RL	D	0.03%	0.03%	0.03%
	RLI	A	0.01%	0.03%	0.01%
	RLJ	F	0.01%	0.02%	0.01%
	RMD	B	0.03%	0.1%	0.03%
	ROL	C	0.01%	0.05%	0.01%
	ROP	D	0.05%	0.06%	0.05%
	ROST	D	0.07%	0.07%	0.07%
	RPM	B	0.03%	0.11%	0.03%
	RPRX	C	0.01%	0.03%	0.01%
	RRC	F	0.01%	0.04%	0.01%
	RS	C	0.08%	0.09%	0.08%
	RSG	B	0.06%	0.12%	0.06%
	RUSHA	A	0.02%	0.03%	0.02%
	RYN	B	0.01%	0.02%	0.01%
	SAH	B	0.01%	0.01%	0.01%
	SAIA	F	0.01%	0.04%	0.01%
	SAIC	C	0.02%	0.01%	0.01%
	SAM	F	0.01%	0.02%	0.01%
	SANM	B	0.03%	0.06%	0.03%
	SATS	B	0.04%	0.01%	0.01%
	SBAC	B	0.02%	0.02%	0.02%
	SBH	D	0.01%	0.03%	0.01%
	SBUX	F	0.19%	0.05%	0.05%
	SCCO	D	0.02%	0.01%	0.01%
	SCHL	F	0.01%	0.01%	0.01%
	SCHW	F	0.1%	0.17%	0.1%
	SCI	B	0.02%	0.06%	0.02%
	SCL	D	0.01%	0.01%	0.01%
	SCS	B	0.01%	0.01%	0.01%
	SEB	D	0.0%	0.04%	0.0%
	SEE	B	0.03%	0.07%	0.03%
	SEIC	B	0.02%	0.07%	0.02%
	SEM	B	0.02%	0.04%	0.02%
	SF	B	0.02%	0.01%	0.01%
	SFM	A	0.04%	0.16%	0.04%
	SHO	D	0.01%	0.03%	0.01%
	SHOO	C	0.01%	0.03%	0.01%
	SHW	A	0.08%	0.19%	0.08%
	SIG	F	0.01%	0.05%	0.01%
	SIGI	D	0.01%	0.01%	0.01%
	SITC	B	0.01%	0.03%	0.01%
	SJM	B	0.05%	0.03%	0.03%
	SKX	D	0.02%	0.02%	0.02%
	SKYW	C	0.01%	0.05%	0.01%
	SLB	C	0.13%	0.11%	0.11%
	SLG	B	0.03%	0.06%	0.03%
	SLGN	A	0.01%	0.04%	0.01%
	SLM	C	0.04%	0.07%	0.04%
	SLVM	B	0.02%	0.03%	0.02%
	SM	D	0.02%	0.03%	0.02%
	SMCI	D	0.02%	0.25%	0.02%
	SMG	B	0.01%	0.04%	0.01%
	SNAP	F	0.0%	0.03%	0.0%
	SNDR	B	0.01%	0.02%	0.01%
	SNV	B	0.03%	0.01%	0.01%
	SON	D	0.02%	0.04%	0.02%
	SPB	D	0.02%	0.01%	0.01%
	SPG	B	0.09%	0.14%	0.09%
	SPGI	A	0.13%	0.06%	0.06%
	SRCL	A	0.01%	0.04%	0.01%
	SSD	C	0.01%	0.03%	0.01%
	STC	C	0.01%	0.02%	0.01%
	STE	A	0.03%	0.12%	0.03%
	STLD	C	0.1%	0.05%	0.05%
	STRA	D	0.01%	0.01%	0.01%
	STZ	F	0.07%	0.04%	0.04%
	SUI	A	0.02%	0.05%	0.02%
	SWN	F	0.03%	0.01%	0.01%
	SWX	B	0.02%	0.01%	0.01%
	SXT	C	0.01%	0.02%	0.01%
	SYF	C	0.28%	0.32%	0.28%
	SYNA	F	0.01%	0.01%	0.01%
	SYY	B	0.09%	0.06%	0.06%
	T	A	1.12%	1.1%	1.1%
	TAP	C	0.04%	0.08%	0.04%
	TDC	F	0.01%	0.03%	0.01%
	TDG	D	0.07%	0.15%	0.07%
	TDS	B	0.04%	0.03%	0.03%
	TER	D	0.04%	0.04%	0.04%
	TEX	C	0.02%	0.08%	0.02%
	TFC	B	0.22%	0.09%	0.09%
	TFX	B	0.02%	0.03%	0.02%
	TGNA	C	0.02%	0.04%	0.02%
	TGT	C	0.35%	0.68%	0.35%
	THC	B	0.07%	0.26%	0.07%
	THG	A	0.02%	0.04%	0.02%
	THO	C	0.04%	0.06%	0.04%
	THS	B	0.01%	0.02%	0.01%
	TJX	A	0.21%	0.32%	0.21%
	TKR	B	0.02%	0.05%	0.02%
	TMHC	B	0.04%	0.08%	0.04%
	TMUS	A	0.19%	0.29%	0.19%
	TNET	D	0.01%	0.02%	0.01%
	TOL	B	0.05%	0.09%	0.05%
	TPH	C	0.03%	0.06%	0.03%
	TPR	D	0.03%	0.01%	0.01%
	TPX	C	0.02%	0.06%	0.02%
	TREX	D	0.01%	0.01%	0.01%
	TRGP	A	0.05%	0.12%	0.05%
	TRN	A	0.01%	0.03%	0.01%
	TROW	D	0.11%	0.08%	0.08%
	TRV	B	0.25%	0.28%	0.25%
	TSCO	D	0.05%	0.07%	0.05%
	TSN	A	0.19%	0.21%	0.19%
	TTC	C	0.02%	0.08%	0.02%
	TTEK	A	0.02%	0.01%	0.01%
	TTMI	C	0.02%	0.01%	0.01%
	TTWO	F	0.02%	0.07%	0.02%
	TW	A	0.01%	0.05%	0.01%
	TXN	C	0.33%	0.21%	0.21%
	TXRH	A	0.02%	0.05%	0.02%
	TXT	B	0.06%	0.03%	0.03%
	TYL	B	0.01%	0.07%	0.01%
	UAL	F	0.02%	0.01%	0.01%
	UBER	F	0.03%	0.2%	0.03%
	UDR	B	0.02%	0.03%	0.02%
	UFPI	B	0.03%	0.07%	0.03%
	UHAL	B	0.02%	0.03%	0.02%
	UHAL	B	0.02%	0.01%	0.01%
	UHS	A	0.09%	0.08%	0.08%
	ULTA	F	0.03%	0.04%	0.03%
	UNF	A	0.01%	0.03%	0.01%
	UNM	A	0.04%	0.1%	0.04%
	UNP	B	0.36%	0.45%	0.36%
	UPS	F	0.24%	0.19%	0.19%
	URBN	C	0.02%	0.07%	0.02%
	URI	C	0.12%	0.1%	0.1%
	USB	B	0.29%	0.11%	0.11%
	USFD	C	0.06%	0.08%	0.06%
	UTHR	B	0.02%	0.16%	0.02%
	UVV	C	0.01%	0.01%	0.01%
	V	D	0.29%	0.77%	0.29%
	VC	C	0.01%	0.04%	0.01%
	VFC	B	0.05%	0.01%	0.01%
	VIRT	C	0.01%	0.04%	0.01%
	VLO	B	0.42%	0.6%	0.42%
	VMC	A	0.04%	0.07%	0.04%
	VNO	B	0.04%	0.05%	0.04%
	VNT	F	0.01%	0.03%	0.01%
	VRSK	C	0.04%	0.21%	0.04%
	VRSN	C	0.01%	0.04%	0.01%
	VRTX	A	0.07%	0.22%	0.07%
	VSH	C	0.02%	0.04%	0.02%
	VST	D	0.09%	0.25%	0.09%
	VSTO	A	0.01%	0.02%	0.01%
	VTRS	B	0.09%	0.14%	0.09%
	VVV	B	0.01%	0.03%	0.01%
	VZ	C	1.12%	0.92%	0.92%
	WAB	D	0.05%	0.04%	0.04%
	WAFD	B	0.01%	0.01%	0.01%
	WAL	C	0.02%	0.01%	0.01%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.17%	0.18%	0.17%
	WBS	C	0.01%	0.01%	0.01%
	WCC	F	0.03%	0.08%	0.03%
	WDC	F	0.13%	0.18%	0.13%
	WELL	A	0.09%	0.1%	0.09%
	WEN	C	0.01%	0.05%	0.01%
	WERN	B	0.02%	0.02%	0.02%
	WFC	C	1.16%	1.56%	1.16%
	WGO	C	0.01%	0.01%	0.01%
	WH	C	0.01%	0.03%	0.01%
	WHR	C	0.06%	0.04%	0.04%
	WM	C	0.14%	0.25%	0.14%
	WMB	B	0.13%	0.08%	0.08%
	WMK	A	0.01%	0.01%	0.01%
	WMS	C	0.01%	0.02%	0.01%
	WMT	B	1.23%	1.7%	1.23%
	WOLF	F	0.0%	0.01%	0.0%
	WOR	F	0.01%	0.01%	0.01%
	WPC	C	0.02%	0.05%	0.02%
	WRB	B	0.03%	0.02%	0.02%
	WSM	C	0.06%	0.25%	0.06%
	WSO	C	0.03%	0.22%	0.03%
	WST	F	0.01%	0.05%	0.01%
	WTFC	C	0.01%	0.01%	0.01%
	WTM	C	0.01%	0.04%	0.01%
	WTS	B	0.01%	0.03%	0.01%
	WTW	A	0.06%	0.04%	0.04%
	WU	D	0.04%	0.08%	0.04%
	WWD	D	0.02%	0.01%	0.01%
	X	B	0.08%	0.08%	0.08%
	XHR	D	0.01%	0.02%	0.01%
	XOM	B	1.88%	1.04%	1.04%
	XPO	B	0.02%	0.04%	0.02%
	XRAY	C	0.02%	0.04%	0.02%
	XRX	F	0.02%	0.02%	0.02%
	XYL	D	0.04%	0.12%	0.04%
	YELP	F	0.01%	0.03%	0.01%
	YUM	C	0.07%	0.1%	0.07%
	ZION	C	0.05%	0.03%	0.03%
	ZTS	B	0.07%	0.04%	0.04%

FNDB Overweight 890 Positions Relative to MFUS

	Symbol	Grade	Weight
	MSFT	D	2.35%
	UNH	A	1.13%
	GOOG	D	1.07%
	MS	B	0.35%
	DIS	D	0.35%
	RTX	A	0.32%
	LIN	B	0.32%
	FDX	B	0.32%
	HON	D	0.32%
	ABT	B	0.29%
	TMO	A	0.27%
	SO	A	0.25%
	NEE	A	0.24%
	HUM	D	0.23%
	BLK	A	0.23%
	CNC	B	0.23%
	MDT	C	0.22%
	DE	F	0.2%
	NSC	B	0.19%
	DHI	B	0.17%
	CTSH	B	0.17%
	TSLA	C	0.17%
	D	A	0.16%
	AEP	A	0.16%
	BA	D	0.15%
	PYPL	C	0.14%
	JCI	C	0.13%
	ADI	D	0.13%
	OXY	F	0.12%
	AMT	A	0.12%
	BG	C	0.12%
	ED	A	0.12%
	SRE	A	0.11%
	SW	F	0.11%
	CBRE	A	0.11%
	TEL	C	0.11%
	SYK	D	0.11%
	APD	C	0.1%
	PPL	A	0.1%
	XEL	B	0.1%
	STX	C	0.1%
	CCI	A	0.09%
	EIX	A	0.09%
	ETR	A	0.09%
	STT	B	0.09%
	FE	A	0.09%
	DVN	F	0.09%
	WY	B	0.09%
	AMD	F	0.08%
	NXPI	D	0.08%
	ES	A	0.08%
	IQV	B	0.08%
	TT	B	0.07%
	SWK	B	0.07%
	RF	B	0.07%
	DTE	A	0.07%
	ISRG	B	0.07%
	PLD	B	0.07%
	WEC	A	0.07%
	VTR	A	0.07%
	KMX	C	0.07%
	GPN	D	0.07%
	MRNA	F	0.06%
	WBD	D	0.06%
	AEE	A	0.06%
	MGM	D	0.06%
	CNP	F	0.06%
	MCHP	F	0.06%
	CMS	A	0.05%
	SWKS	C	0.05%
	CF	D	0.05%
	J	B	0.05%
	ROK	D	0.05%
	EQR	A	0.05%
	OVV	F	0.05%
	HES	D	0.05%
	LKQ	F	0.05%
	LNG	A	0.05%
	AVB	A	0.05%
	AME	D	0.04%
	ZBH	C	0.04%
	UGI	A	0.04%
	PFGC	D	0.04%
	ORI	A	0.04%
	AWK	A	0.04%
	SNA	B	0.04%
	EL	F	0.04%
	APTV	D	0.04%
	GRMN	B	0.04%
	APA	C	0.04%
	PNW	A	0.04%
	NI	A	0.04%
	LNT	A	0.04%
	ACGL	D	0.04%
	EQT	F	0.04%
	ZIM	D	0.04%
	O	A	0.04%
	DOC	A	0.04%
	ON	D	0.04%
	SSNC	A	0.03%
	GEV	C	0.03%
	CLF	F	0.03%
	ATO	A	0.03%
	BAP	C	0.03%
	CNH	F	0.03%
	EW	F	0.03%
	ZBRA	B	0.03%
	SOLV	B	0.03%
	HAS	B	0.03%
	ESS	A	0.03%
	SNPS	F	0.03%
	MRVL	F	0.03%
	MAA	A	0.03%
	ARE	D	0.03%
	FTV	F	0.03%
	KEYS	F	0.03%
	MTZ	D	0.03%
	QRTEA	D	0.03%
	OGE	A	0.03%
	CCEP	C	0.03%
	BPOP	B	0.03%
	EBS	C	0.03%
	CDNS	F	0.03%
	RRX	B	0.03%
	KIM	A	0.03%
	CHKP	A	0.03%
	GL	C	0.03%
	AER	C	0.03%
	FMC	B	0.03%
	VOYA	F	0.03%
	ARMK	B	0.03%
	EG	D	0.02%
	EXPE	D	0.02%
	SNX	D	0.02%
	ALV	D	0.02%
	TRMB	F	0.02%
	PCG	A	0.02%
	CAR	F	0.02%
	ILMN	B	0.02%
	TRU	B	0.02%
	TPC	C	0.02%
	PII	D	0.02%
	FSLR	D	0.02%
	CIEN	B	0.02%
	ST	D	0.02%
	TDY	B	0.02%
	KVUE	D	0.02%
	PRI	A	0.02%
	GME	D	0.02%
	VICI	A	0.02%
	REG	A	0.02%
	BRX	B	0.02%
	DAL	F	0.02%
	LILAK	B	0.02%
	STWD	B	0.02%
	RDN	B	0.02%
	LUV	F	0.02%
	ALB	F	0.02%
	AL	C	0.02%
	ASGN	D	0.02%
	DAR	C	0.02%
	MPW	D	0.02%
	OHI	A	0.02%
	RXO	B	0.02%
	CHK	F	0.02%
	HE	C	0.02%
	GXO	C	0.02%
	TNL	C	0.02%
	POR	A	0.02%
	VLTO	A	0.02%
	PENN	D	0.02%
	SPR	B	0.02%
	ALLE	B	0.02%
	ICLR	B	0.02%
	PRGO	C	0.02%
	SPOT	B	0.02%
	FRT	A	0.02%
	VMI	B	0.02%
	AGO	C	0.02%
	WTRG	A	0.02%
	CRL	B	0.02%
	BKH	A	0.02%
	ENS	B	0.02%
	FNB	B	0.02%
	WLK	D	0.02%
	LULU	F	0.02%
	HIW	A	0.02%
	DHC	C	0.02%
	SQ	F	0.02%
	MIDD	B	0.02%
	PB	B	0.02%
	UNFI	C	0.02%
	CYH	B	0.02%
	CCS	B	0.02%
	FHB	C	0.02%
	AMCR	A	0.02%
	EPAM	C	0.02%
	CZR	D	0.01%
	AVNT	B	0.01%
	ASB	C	0.01%
	PNFP	B	0.01%
	KFY	B	0.01%
	HWC	C	0.01%
	COLB	C	0.01%
	ASH	D	0.01%
	CNXC	C	0.01%
	FUL	B	0.01%
	VAC	F	0.01%
	SR	B	0.01%
	CROX	D	0.01%
	KRC	C	0.01%
	CFR	C	0.01%
	CWK	C	0.01%
	CBOE	B	0.01%
	IMKTA	B	0.01%
	OZK	C	0.01%
	HRI	C	0.01%
	DBX	D	0.01%
	IDA	A	0.01%
	ADTN	B	0.01%
	MAT	B	0.01%
	SVC	D	0.01%
	OGS	B	0.01%
	SPTN	B	0.01%
	LCII	C	0.01%
	CUZ	A	0.01%
	UBSI	B	0.01%
	SBRA	B	0.01%
	KNF	C	0.01%
	LFUS	B	0.01%
	NNN	A	0.01%
	BCO	B	0.01%
	RNR	A	0.01%
	TROX	D	0.01%
	UAA	D	0.01%
	CGNX	D	0.01%
	CSGP	C	0.01%
	ALE	A	0.01%
	HLF	D	0.01%
	NJR	A	0.01%
	BYD	C	0.01%
	PATK	B	0.01%
	NWE	B	0.01%
	EEFT	F	0.01%
	AMN	B	0.01%
	BIO	B	0.01%
	GIII	D	0.01%
	Z	D	0.01%
	ENVA	B	0.01%
	VRT	D	0.01%
	ACIW	B	0.01%
	WD	C	0.01%
	KMT	C	0.01%
	CRC	D	0.01%
	PCH	C	0.01%
	VLY	C	0.01%
	WYNN	F	0.01%
	ATKR	F	0.01%
	ACHC	D	0.01%
	AXS	B	0.01%
	MOD	B	0.01%
	SCSC	C	0.01%
	COLM	D	0.01%
	PIPR	B	0.01%
	SUM	B	0.01%
	MTCH	B	0.01%
	MTX	D	0.01%
	SLAB	F	0.01%
	CATY	C	0.01%
	AMR	F	0.01%
	ZM	F	0.01%
	KELYA	C	0.01%
	GBCI	C	0.01%
	FDP	B	0.01%
	AGR	B	0.01%
	B	C	0.01%
	SN	C	0.01%
	SITE	C	0.01%
	LGIH	B	0.01%
	LBRT	B	0.01%
	VSCO	F	0.01%
	FN	D	0.01%
	FULT	C	0.01%
	EPR	B	0.01%
	LITE	C	0.01%
	UMBF	B	0.01%
	SFNC	C	0.01%
	RIG	D	0.01%
	HI	D	0.01%
	UNIT	C	0.01%
	FSS	B	0.01%
	ENSG	B	0.01%
	OUT	B	0.01%
	PLUS	B	0.01%
	BOH	C	0.01%
	ALK	F	0.01%
	PPC	B	0.01%
	KAR	B	0.01%
	NVST	F	0.01%
	GTES	B	0.01%
	EAT	D	0.01%
	DIOD	C	0.01%
	CEIX	D	0.01%
	VEEV	C	0.01%
	BXMT	C	0.01%
	WWW	B	0.01%
	SKY	C	0.01%
	CVCO	B	0.01%
	BGC	C	0.01%
	ETSY	D	0.01%
	ITRI	C	0.01%
	PBI	C	0.01%
	IBP	C	0.01%
	TPG	B	0.01%
	IPGP	F	0.01%
	VSAT	C	0.01%
	WEX	D	0.01%
	PDM	A	0.01%
	DLX	C	0.01%
	HOPE	B	0.01%
	SIRI	D	0.01%
	IBOC	C	0.01%
	MWA	B	0.01%
	ABCB	C	0.01%
	RH	B	0.01%
	ITGR	C	0.01%
	VSTS	C	0.01%
	CABO	C	0.01%
	ZD	F	0.01%
	STAG	A	0.01%
	JBLU	C	0.01%
	TRMK	C	0.01%
	TPL	B	0.01%
	FFBC	C	0.01%
	BOKF	C	0.01%
	NMRK	B	0.01%
	AZZ	C	0.01%
	OTTR	B	0.01%
	CNK	B	0.01%
	NHC	B	0.01%
	DOLE	A	0.01%
	BANR	C	0.01%
	IAC	C	0.01%
	AX	C	0.01%
	TCBI	C	0.01%
	FIBK	C	0.01%
	BOOT	B	0.01%
	HTH	C	0.01%
	EXLS	C	0.01%
	DNB	C	0.01%
	CHX	C	0.01%
	CIVI	D	0.01%
	NGVT	F	0.01%
	OPCH	C	0.01%
	ICUI	B	0.01%
	JACK	C	0.01%
	AEIS	C	0.01%
	PPBI	C	0.01%
	BKD	B	0.01%
	TECH	B	0.01%
	AIN	C	0.01%
	GFF	C	0.01%
	PGRE	C	0.01%
	NPO	C	0.01%
	TWLO	D	0.01%
	AMRK	C	0.01%
	PFS	C	0.01%
	ABNB	F	0.01%
	AAL	F	0.01%
	PLNT	C	0.01%
	JBT	D	0.01%
	WSC	C	0.01%
	HEES	C	0.01%
	IDCC	A	0.01%
	BCPC	B	0.01%
	ESRT	B	0.01%
	ENOV	C	0.01%
	PBH	B	0.01%
	BDN	B	0.01%
	CVBF	C	0.01%
	OLED	C	0.01%
	HTLF	C	0.01%
	ALEX	A	0.01%
	EMBC	C	0.01%
	AMCX	F	0.01%
	ROCK	D	0.01%
	WSBC	C	0.01%
	CBU	B	0.01%
	HTZ	F	0.01%
	KRG	A	0.01%
	AXL	F	0.01%
	GNL	C	0.01%
	WDAY	D	0.01%
	HGV	D	0.01%
	CBZ	C	0.01%
	LRN	A	0.01%
	NHI	A	0.01%
	MYRG	F	0.01%
	SKT	A	0.01%
	OII	B	0.01%
	RYI	D	0.01%
	KOS	F	0.01%
	UCTT	D	0.01%
	SASR	C	0.01%
	KFRC	C	0.01%
	REVG	B	0.01%
	FRME	C	0.01%
	UE	B	0.01%
	NBR	B	0.01%
	ARI	C	0.01%
	UCBI	B	0.01%
	BSIG	C	0.01%
	CSTM	F	0.01%
	SMTC	D	0.01%
	WSFS	C	0.01%
	FBP	B	0.01%
	HLX	C	0.01%
	ESGR	B	0.01%
	ENR	C	0.01%
	FWRD	D	0.01%
	MRC	B	0.01%
	EIG	B	0.01%
	RNG	C	0.01%
	MODG	C	0.01%
	VGR	A	0.01%
	POWI	F	0.01%
	BLMN	C	0.01%
	EGP	A	0.01%
	RRR	C	0.01%
	RHP	C	0.01%
	PRDO	B	0.01%
	AM	C	0.01%
	GCI	C	0.01%
	HL	C	0.01%
	THRM	B	0.01%
	SAFT	B	0.01%
	CLW	B	0.01%
	BV	A	0.01%
	TOWN	B	0.01%
	MGY	C	0.01%
	CDE	C	0.01%
	PRK	C	0.01%
	ABR	D	0.01%
	HCSG	C	0.01%
	FFIN	C	0.01%
	NWN	A	0.01%
	ICFI	B	0.01%
	CNXN	A	0.01%
	NVRI	A	0.01%
	HZO	C	0.01%
	JJSF	B	0.01%
	CUBI	C	0.01%
	AZEK	D	0.01%
	NWBI	B	0.01%
	NBTB	C	0.01%
	CODI	C	0.01%
	GTN	D	0.01%
	FORM	D	0.01%
	RAMP	F	0.01%
	ROG	D	0.01%
	GO	F	0.01%
	WNC	F	0.01%
	REXR	B	0.01%
	OPEN	D	0.01%
	IBTX	C	0.01%
	KW	C	0.01%
	LGF.A	D	0.01%
	CNA	B	0.01%
	MGEE	A	0.01%
	KLIC	F	0.01%
	PLTR	C	0.01%
	CCO	C	0.01%
	MATV	B	0.01%
	CWT	A	0.01%
	AKR	B	0.01%
	ONTO	F	0.01%
	TILE	C	0.01%
	NUS	F	0.01%
	MTRN	C	0.01%
	OEC	D	0.01%
	MGRC	D	0.01%
	PEB	F	0.01%
	YETI	D	0.01%
	ESE	B	0.01%
	PTVE	D	0.01%
	IART	F	0.01%
	INDB	C	0.01%
	TRIP	F	0.01%
	AY	B	0.01%
	CNDT	B	0.01%
	NX	C	0.01%
	MMSI	B	0.01%
	OXM	D	0.01%
	NMIH	C	0.01%
	MEDP	D	0.01%
	MRTN	C	0.01%
	NTB	C	0.01%
	BUSE	C	0.01%
	VIAV	D	0.01%
	STRL	D	0.01%
	ATSG	C	0.01%
	COTY	F	0.01%
	CNS	B	0.01%
	PAGS	C	0.01%
	TNC	C	0.01%
	HAIN	C	0.01%
	CAL	B	0.01%
	PLAB	F	0.01%
	BGS	D	0.01%
	CMPR	B	0.01%
	MELI	D	0.01%
	KAI	C	0.01%
	SWBI	B	0.01%
	PRAA	C	0.01%
	EXPO	B	0.01%
	STBA	B	0.01%
	EYE	D	0.01%
	HALO	B	0.01%
	HOMB	B	0.01%
	HWKN	A	0.01%
	SXC	C	0.01%
	TALO	D	0.01%
	BZH	B	0.01%
	SFL	F	0.01%
	CORT	B	0.01%
	KLG	D	0.01%
	HHH	C	0.01%
	GPRE	C	0.01%
	COMM	B	0.01%
	CASH	B	0.01%
	IRDM	C	0.01%
	BXC	C	0.0%
	CCOI	B	0.0%
	NSA	C	0.0%
	ROKU	D	0.0%
	FTDR	B	0.0%
	PAYC	C	0.0%
	KWR	C	0.0%
	ALG	C	0.0%
	BMI	B	0.0%
	TRS	D	0.0%
	KOP	F	0.0%
	EBC	C	0.0%
	ZIMV	C	0.0%
	FCF	C	0.0%
	ILPT	C	0.0%
	SXI	B	0.0%
	CAKE	D	0.0%
	ADC	A	0.0%
	BNL	B	0.0%
	AAN	B	0.0%
	MRCY	C	0.0%
	CSWI	B	0.0%
	PUMP	C	0.0%
	RDUS	D	0.0%
	AAON	C	0.0%
	GLNG	B	0.0%
	DFIN	C	0.0%
	CPK	A	0.0%
	MMI	B	0.0%
	IRT	A	0.0%
	ROAD	C	0.0%
	SNBR	C	0.0%
	ENV	D	0.0%
	VBTX	C	0.0%
	ROIC	B	0.0%
	INVA	A	0.0%
	SABR	D	0.0%
	FOXF	D	0.0%
	LPG	D	0.0%
	ENPH	F	0.0%
	QLYS	D	0.0%
	ZUMZ	B	0.0%
	HURN	A	0.0%
	CARG	C	0.0%
	NTGR	B	0.0%
	CHH	B	0.0%
	ADUS	A	0.0%
	HMN	C	0.0%
	MD	C	0.0%
	WFRD	C	0.0%
	DHT	C	0.0%
	DXCM	F	0.0%
	ACCO	C	0.0%
	EXPI	C	0.0%
	REYN	C	0.0%
	AAT	B	0.0%
	WDFC	B	0.0%
	CWST	B	0.0%
	AWR	B	0.0%
	CNSL	A	0.0%
	GCO	B	0.0%
	CHEF	C	0.0%
	DEA	B	0.0%
	PLAY	F	0.0%
	SFIX	C	0.0%
	STNG	D	0.0%
	TBI	C	0.0%
	W	F	0.0%
	JBSS	B	0.0%
	AZTA	B	0.0%
	HQY	D	0.0%
	ECVT	F	0.0%
	VRRM	B	0.0%
	TRTX	C	0.0%
	EFSC	B	0.0%
	BSY	F	0.0%
	CTS	D	0.0%
	TTD	D	0.0%
	AGRO	F	0.0%
	SJW	B	0.0%
	PJT	B	0.0%
	SHEN	B	0.0%
	WING	D	0.0%
	THRY	F	0.0%
	FIVE	F	0.0%
	SENEA	B	0.0%
	NEOG	B	0.0%
	MTUS	D	0.0%
	SSB	B	0.0%
	SCVL	C	0.0%
	ZWS	C	0.0%
	ALIT	D	0.0%
	CMCO	D	0.0%
	SONO	F	0.0%
	WHD	B	0.0%
	KTOS	B	0.0%
	HTLD	C	0.0%
	TRNO	A	0.0%
	ASIX	C	0.0%
	GFS	D	0.0%
	MYGN	B	0.0%
	SGH	C	0.0%
	BLKB	C	0.0%
	OFG	C	0.0%
	HMST	B	0.0%
	CPS	D	0.0%
	GLOB	C	0.0%
	ACLS	F	0.0%
	CHCO	B	0.0%
	COMP	C	0.0%
	ASTE	D	0.0%
	PRGS	B	0.0%
	NOVT	C	0.0%
	COHU	F	0.0%
	AUB	C	0.0%
	FBNC	C	0.0%
	RGR	C	0.0%
	RWT	C	0.0%
	CRK	F	0.0%
	CWH	C	0.0%
	OMCL	C	0.0%
	STNE	D	0.0%
	SBLK	F	0.0%
	CNMD	F	0.0%
	PARR	D	0.0%
	LTC	B	0.0%
	FCPT	A	0.0%
	MNRO	B	0.0%
	PRLB	C	0.0%
	EPRT	B	0.0%
	CFFN	C	0.0%
	TUP	F	0.0%
	EPAC	B	0.0%
	RDNT	C	0.0%
	PRFT	A	0.0%
	USNA	F	0.0%
	LIVN	F	0.0%
	SMP	C	0.0%
	XP	F	0.0%
	CBL	B	0.0%
	RES	C	0.0%
	MTW	D	0.0%
	DXPE	C	0.0%
	CNNE	C	0.0%
	ICHR	F	0.0%
	AGX	C	0.0%
	ZEUS	D	0.0%
	DBI	D	0.0%
	INSW	D	0.0%
	GLDD	C	0.0%
	UVE	C	0.0%
	UIS	C	0.0%
	SMPL	F	0.0%
	CLB	C	0.0%
	SBSI	B	0.0%
	MERC	F	0.0%
	VRNT	C	0.0%
	ETH	D	0.0%
	CMRE	D	0.0%
	DO	C	0.0%
	NVEE	C	0.0%
	MATW	C	0.0%
	AHCO	C	0.0%
	CPF	B	0.0%
	LKFN	C	0.0%
	IHRT	C	0.0%
	STEP	B	0.0%
	LNN	B	0.0%
	BIG	F	0.0%
	TNK	D	0.0%
	VAL	C	0.0%
	TSE	F	0.0%
	EVTC	C	0.0%
	SUPN	C	0.0%
	HVT	C	0.0%
	PRA	D	0.0%
	BRY	D	0.0%
	LSCC	F	0.0%
	CLVT	D	0.0%
	EBF	B	0.0%
	BRKL	C	0.0%
	RGEN	B	0.0%
	WTTR	A	0.0%
	TMP	C	0.0%
	CARS	B	0.0%
	PODD	B	0.0%
	OPI	D	0.0%
	AVNS	B	0.0%
	EAF	F	0.0%
	UTL	A	0.0%
	WRLD	D	0.0%
	SPSC	B	0.0%
	DAC	D	0.0%
	PFC	C	0.0%
	EGBN	D	0.0%
	CVGW	F	0.0%
	ALRM	C	0.0%
	TDOC	F	0.0%
	OCFC	C	0.0%
	BBSI	A	0.0%
	HFWA	B	0.0%
	IRBT	D	0.0%
	WABC	C	0.0%
	TCBK	C	0.0%
	HSII	B	0.0%
	SHYF	B	0.0%
	BRBR	D	0.0%
	GDOT	D	0.0%
	TEN	D	0.0%
	GRBK	B	0.0%
	ZI	F	0.0%
	RGP	C	0.0%
	PEGA	B	0.0%
	TPIC	D	0.0%
	BANF	B	0.0%
	SSTK	C	0.0%
	HASI	B	0.0%
	AGL	D	0.0%
	SRCE	B	0.0%
	IPAR	B	0.0%
	WOOF	D	0.0%
	KREF	B	0.0%
	ALKS	B	0.0%
	CRAI	C	0.0%
	RILY	F	0.0%
	FLWS	B	0.0%
	WOW	B	0.0%
	SRI	B	0.0%
	NOG	B	0.0%
	DCO	B	0.0%
	ARCO	C	0.0%
	EXAS	C	0.0%
	MEI	D	0.0%
	AMC	D	0.0%
	ALTO	D	0.0%
	CMP	D	0.0%
	EVRI	B	0.0%
	UFCS	C	0.0%
	WASH	C	0.0%
	GTY	B	0.0%
	RC	C	0.0%
	SNOW	F	0.0%
	CLDT	C	0.0%
	CMTG	D	0.0%
	OPK	C	0.0%
	CCSI	C	0.0%
	AVO	C	0.0%
	GNK	D	0.0%
	HAYW	B	0.0%
	RKT	C	0.0%
	BJRI	F	0.0%
	CNOB	C	0.0%
	HAFC	C	0.0%
	CTRN	F	0.0%
	TITN	D	0.0%
	AMBC	F	0.0%
	XPRO	C	0.0%
	DRQ	F	0.0%
	PEN	F	0.0%
	HLIO	F	0.0%
	CCRN	C	0.0%
	PLOW	B	0.0%
	PTON	F	0.0%
	CSR	A	0.0%
	JRVR	D	0.0%
	USPH	C	0.0%
	RUN	B	0.0%
	TOST	C	0.0%
	ARKO	C	0.0%
	CSV	B	0.0%
	GTLS	C	0.0%
	ALGT	D	0.0%
	ASTH	B	0.0%
	DENN	D	0.0%
	VREX	F	0.0%
	FLGT	C	0.0%
	PZZA	F	0.0%
	RNST	C	0.0%
	FIZZ	C	0.0%
	MYE	C	0.0%
	KRNY	C	0.0%
	VIR	D	0.0%
	DHIL	B	0.0%
	NPK	C	0.0%
	DAY	C	0.0%
	PRVA	B	0.0%
	CRGY	D	0.0%
	SSP	D	0.0%
	VRTS	D	0.0%
	SBCF	C	0.0%
	RMBS	F	0.0%
	DIN	F	0.0%
	CALX	B	0.0%
	BRSP	D	0.0%
	TKO	C	0.0%
	MOV	D	0.0%
	MODV	F	0.0%
	CTRE	A	0.0%
	GPMT	D	0.0%
	SFBS	B	0.0%
	AVD	D	0.0%
	PETS	F	0.0%
	RYAM	B	0.0%
	DT	F	0.0%
	CRMT	C	0.0%
	LYV	C	0.0%
	ATNI	C	0.0%
	KNSL	B	0.0%
	MED	D	0.0%
	SSYS	F	0.0%
	SGRY	B	0.0%
	VCTR	C	0.0%
	SEDG	F	0.0%
	OIS	C	0.0%
	USM	B	0.0%
	LEVI	F	0.0%
	IRWD	D	0.0%
	MXL	F	0.0%
	AOSL	C	0.0%
	PLCE	F	0.0%
	IVT	A	0.0%
	BMBL	F	0.0%
	CLOV	B	0.0%
	HOV	C	0.0%
	SLCA	B	0.0%
	TTEC	D	0.0%
	PRM	B	0.0%
	EDR	A	0.0%
	WMG	F	0.0%
	ONEW	D	0.0%
	CMTL	D	0.0%
	SNEX	B	0.0%
	CENT	D	0.0%
	HLNE	B	0.0%
	MP	F	0.0%
	TBBK	C	0.0%
	NIC	C	0.0%
	KE	C	0.0%
	REX	B	0.0%
	VSEC	C	0.0%
	GSM	F	0.0%
	THR	C	0.0%
	GPRO	D	0.0%
	MGPI	B	0.0%
	AGM	C	0.0%
	GDEN	C	0.0%
	SBOW	D	0.0%
	LESL	F	0.0%
	CRNC	F	0.0%
	TWI	C	0.0%
	AMPH	C	0.0%
	ALGM	F	0.0%
	PCRX	F	0.0%
	AMSF	C	0.0%
	PKST	D	0.0%
	GIC	C	0.0%
	TK	D	0.0%
	AMRC	D	0.0%
	SPWH	F	0.0%

FNDB Underweight 2 Positions Relative to MFUS

	Symbol	Grade	Weight
	BHF	B	-0.04%
	HOOD	D	-0.03%

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 REIT - Retail Restaurants Auto Parts

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

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Retailing Construction Beverage Dow Jones Component Plastic