FNDB vs. PFM ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to PowerShares Dividend Achievers (PFM)

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

$23.95

Average Daily Volume

90,917

Number of Holdings ^*

1668

* may have additional holdings in another (foreign) market

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$46.78

Average Daily Volume

33,499

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	PFM
30 Days	0.38%	-1.01%
60 Days	3.19%	1.30%
90 Days	5.61%	4.08%
12 Months	27.47%	24.95%

388 Overlapping Holdings

	Symbol	Grade	Weight in FNDB	Weight in PFM	Overlap
	A	F	0.05%	0.17%	0.05%
	AAPL	C	4.01%	3.83%	3.83%
	ABBV	F	0.45%	1.5%	0.45%
	ABM	B	0.02%	0.02%	0.02%
	ABR	B	0.01%	0.01%	0.01%
	ABT	A	0.32%	0.86%	0.32%
	ACN	C	0.33%	0.95%	0.33%
	ADC	A	0.01%	0.03%	0.01%
	ADI	D	0.12%	0.48%	0.12%
	ADM	D	0.2%	0.11%	0.11%
	ADP	B	0.14%	0.53%	0.14%
	AEE	A	0.07%	0.1%	0.07%
	AEP	C	0.15%	0.22%	0.15%
	AES	F	0.05%	0.04%	0.04%
	AFG	A	0.04%	0.05%	0.04%
	AFL	C	0.2%	0.26%	0.2%
	AGCO	F	0.03%	0.03%	0.03%
	AGM	B	0.0%	0.01%	0.0%
	AGO	A	0.01%	0.02%	0.01%
	AIT	B	0.02%	0.04%	0.02%
	AIZ	A	0.03%	0.05%	0.03%
	AJG	B	0.05%	0.27%	0.05%
	AL	B	0.02%	0.02%	0.02%
	ALB	B	0.03%	0.05%	0.03%
	ALL	A	0.25%	0.22%	0.22%
	AMGN	D	0.35%	0.75%	0.35%
	AMP	A	0.14%	0.23%	0.14%
	AMSF	B	0.0%	0.0%	0.0%
	AMT	D	0.11%	0.4%	0.11%
	ANDE	F	0.01%	0.01%	0.01%
	AON	B	0.12%	0.35%	0.12%
	AOS	F	0.02%	0.04%	0.02%
	APD	A	0.12%	0.29%	0.12%
	APH	B	0.08%	0.38%	0.08%
	APOG	B	0.01%	0.01%	0.01%
	ARE	F	0.03%	0.08%	0.03%
	ASB	B	0.02%	0.02%	0.02%
	ASH	F	0.01%	0.02%	0.01%
	ATO	A	0.04%	0.09%	0.04%
	ATR	B	0.02%	0.05%	0.02%
	AUB	B	0.0%	0.02%	0.0%
	AVA	C	0.01%	0.01%	0.01%
	AVGO	C	0.55%	3.62%	0.55%
	AVNT	B	0.02%	0.02%	0.02%
	AVT	C	0.07%	0.02%	0.02%
	AVY	D	0.03%	0.07%	0.03%
	AWK	C	0.04%	0.11%	0.04%
	AWR	A	0.0%	0.01%	0.0%
	AXS	A	0.01%	0.03%	0.01%
	BAC	A	1.23%	1.49%	1.23%
	BAH	D	0.03%	0.1%	0.03%
	BANF	B	0.0%	0.02%	0.0%
	BBY	D	0.15%	0.08%	0.08%
	BC	D	0.03%	0.02%	0.02%
	BCPC	B	0.01%	0.02%	0.01%
	BDX	F	0.1%	0.28%	0.1%
	BEN	C	0.04%	0.05%	0.04%
	BK	B	0.25%	0.24%	0.24%
	BKH	A	0.02%	0.02%	0.02%
	BMI	C	0.0%	0.03%	0.0%
	BMY	A	0.4%	0.47%	0.4%
	BOKF	B	0.01%	0.03%	0.01%
	BR	B	0.03%	0.11%	0.03%
	BRC	C	0.0%	0.01%	0.0%
	BRO	B	0.02%	0.14%	0.02%
	CADE	B	0.02%	0.03%	0.02%
	CAH	B	0.07%	0.12%	0.07%
	CASY	A	0.05%	0.06%	0.05%
	CAT	C	0.38%	0.81%	0.38%
	CB	C	0.25%	0.48%	0.25%
	CBOE	C	0.01%	0.09%	0.01%
	CBSH	A	0.02%	0.04%	0.02%
	CBT	C	0.02%	0.03%	0.02%
	CBU	B	0.01%	0.02%	0.01%
	CCOI	B	0.01%	0.02%	0.01%
	CDW	F	0.04%	0.11%	0.04%
	CE	F	0.03%	0.04%	0.03%
	CFR	B	0.02%	0.04%	0.02%
	CHCO	B	0.0%	0.01%	0.0%
	CHD	A	0.04%	0.11%	0.04%
	CHDN	C	0.01%	0.05%	0.01%
	CHE	F	0.02%	0.04%	0.02%
	CHRW	B	0.07%	0.05%	0.05%
	CINF	A	0.07%	0.1%	0.07%
	CL	D	0.12%	0.32%	0.12%
	CLX	A	0.04%	0.09%	0.04%
	CMCSA	B	0.76%	0.72%	0.72%
	CME	A	0.07%	0.34%	0.07%
	CMI	A	0.18%	0.21%	0.18%
	CMS	C	0.06%	0.09%	0.06%
	CNO	B	0.04%	0.02%	0.02%
	CNS	B	0.01%	0.02%	0.01%
	COR	B	0.02%	0.21%	0.02%
	COST	A	0.61%	1.78%	0.61%
	CPK	A	0.01%	0.01%	0.01%
	CSCO	B	0.76%	0.99%	0.76%
	CSGS	B	0.01%	0.01%	0.01%
	CSL	C	0.04%	0.09%	0.04%
	CSX	C	0.2%	0.3%	0.2%
	CTAS	B	0.08%	0.39%	0.08%
	CUBE	C	0.01%	0.05%	0.01%
	CVX	A	1.17%	1.22%	1.17%
	CWT	C	0.01%	0.01%	0.01%
	DCI	B	0.02%	0.04%	0.02%
	DDS	B	0.01%	0.02%	0.01%
	DFS	B	0.24%	0.19%	0.19%
	DGX	A	0.07%	0.07%	0.07%
	DHR	D	0.13%	0.75%	0.13%
	DOV	B	0.06%	0.12%	0.06%
	DPZ	C	0.03%	0.07%	0.03%
	DTE	C	0.07%	0.1%	0.07%
	DUK	C	0.28%	0.37%	0.28%
	ECL	D	0.08%	0.3%	0.08%
	ED	C	0.11%	0.14%	0.11%
	EGP	D	0.01%	0.04%	0.01%
	EIX	C	0.09%	0.14%	0.09%
	ELS	B	0.01%	0.06%	0.01%
	ELV	F	0.33%	0.42%	0.33%
	EMN	D	0.07%	0.05%	0.05%
	EMR	A	0.16%	0.31%	0.16%
	ENSG	D	0.01%	0.04%	0.01%
	ERIE	F	0.0%	0.08%	0.0%
	ES	C	0.07%	0.09%	0.07%
	ESS	A	0.03%	0.08%	0.03%
	ETN	B	0.21%	0.62%	0.21%
	EVR	B	0.04%	0.05%	0.04%
	EVRG	A	0.07%	0.06%	0.06%
	EXPD	D	0.04%	0.07%	0.04%
	EXPO	D	0.0%	0.02%	0.0%
	EXR	C	0.03%	0.15%	0.03%
	FAF	C	0.04%	0.03%	0.03%
	FAST	B	0.07%	0.2%	0.07%
	FDS	B	0.01%	0.08%	0.01%
	FELE	B	0.01%	0.02%	0.01%
	FFIN	B	0.01%	0.02%	0.01%
	FIBK	B	0.01%	0.01%	0.01%
	FITB	B	0.12%	0.13%	0.12%
	FIX	A	0.02%	0.07%	0.02%
	FLO	D	0.02%	0.02%	0.02%
	FNF	A	0.06%	0.07%	0.06%
	FR	C	0.01%	0.03%	0.01%
	FRME	B	0.01%	0.01%	0.01%
	FUL	F	0.01%	0.02%	0.01%
	GATX	B	0.02%	0.02%	0.02%
	GD	D	0.19%	0.36%	0.19%
	GFF	B	0.01%	0.01%	0.01%
	GGG	B	0.02%	0.06%	0.02%
	GL	C	0.03%	0.04%	0.03%
	GLW	B	0.13%	0.18%	0.13%
	GPC	F	0.05%	0.07%	0.05%
	GS	B	0.58%	0.79%	0.58%
	GTY	A	0.0%	0.01%	0.0%
	GWW	B	0.08%	0.25%	0.08%
	HD	A	0.75%	1.72%	0.75%
	HEI	A	0.02%	0.06%	0.02%
	HFWA	B	0.0%	0.0%	0.0%
	HI	C	0.01%	0.01%	0.01%
	HIG	B	0.13%	0.15%	0.13%
	HII	F	0.03%	0.03%	0.03%
	HMN	B	0.01%	0.01%	0.01%
	HNI	B	0.01%	0.01%	0.01%
	HOMB	A	0.01%	0.03%	0.01%
	HON	B	0.34%	0.61%	0.34%
	HPQ	B	0.19%	0.15%	0.15%
	HRL	D	0.03%	0.07%	0.03%
	HSY	F	0.03%	0.11%	0.03%
	HUBB	B	0.03%	0.11%	0.03%
	HUM	D	0.17%	0.15%	0.15%
	HVT	D	0.0%	0.0%	0.0%
	HWKN	B	0.0%	0.01%	0.0%
	IBM	C	0.5%	0.84%	0.5%
	IBOC	B	0.01%	0.02%	0.01%
	ICE	C	0.1%	0.38%	0.1%
	IDA	A	0.02%	0.02%	0.02%
	IEX	B	0.02%	0.07%	0.02%
	INDB	B	0.01%	0.01%	0.01%
	INGR	B	0.04%	0.04%	0.04%
	INTU	B	0.1%	0.81%	0.1%
	IOSP	C	0.01%	0.01%	0.01%
	IPG	F	0.03%	0.05%	0.03%
	ITT	A	0.03%	0.05%	0.03%
	ITW	B	0.14%	0.34%	0.14%
	JBHT	C	0.04%	0.08%	0.04%
	JJSF	C	0.01%	0.01%	0.01%
	JKHY	D	0.02%	0.06%	0.02%
	JNJ	D	0.85%	1.59%	0.85%
	JPM	A	1.93%	2.87%	1.93%
	KAI	B	0.01%	0.02%	0.01%
	KEY	B	0.1%	0.07%	0.07%
	KLAC	F	0.07%	0.4%	0.07%
	KMB	C	0.09%	0.19%	0.09%
	KO	D	0.32%	1.17%	0.32%
	KR	B	0.28%	0.18%	0.18%
	KWR	D	0.0%	0.01%	0.0%
	LAD	B	0.07%	0.04%	0.04%
	LANC	D	0.01%	0.02%	0.01%
	LECO	C	0.02%	0.05%	0.02%
	LFUS	D	0.01%	0.03%	0.01%
	LHX	B	0.15%	0.21%	0.15%
	LII	A	0.03%	0.1%	0.03%
	LIN	D	0.31%	0.94%	0.31%
	LKFN	B	0.0%	0.01%	0.0%
	LMT	D	0.34%	0.57%	0.34%
	LNN	B	0.0%	0.01%	0.0%
	LNT	A	0.04%	0.06%	0.04%
	LOW	C	0.4%	0.65%	0.4%
	LYB	F	0.13%	0.12%	0.12%
	MA	B	0.27%	2.04%	0.27%
	MAA	A	0.03%	0.08%	0.03%
	MAN	F	0.04%	0.01%	0.01%
	MAS	D	0.05%	0.08%	0.05%
	MATW	C	0.0%	0.0%	0.0%
	MATX	B	0.02%	0.02%	0.02%
	MCD	D	0.31%	0.91%	0.31%
	MCHP	F	0.04%	0.17%	0.04%
	MCK	A	0.1%	0.34%	0.1%
	MCO	D	0.06%	0.37%	0.06%
	MDLZ	F	0.18%	0.38%	0.18%
	MDT	D	0.16%	0.48%	0.16%
	MDU	D	0.01%	0.02%	0.01%
	MET	A	0.24%	0.24%	0.24%
	MGEE	A	0.01%	0.02%	0.01%
	MKC	D	0.03%	0.08%	0.03%
	MKTX	D	0.01%	0.04%	0.01%
	MMC	D	0.13%	0.47%	0.13%
	MMM	D	0.32%	0.31%	0.31%
	MNRO	C	0.0%	0.0%	0.0%
	MO	A	0.35%	0.39%	0.35%
	MORN	B	0.01%	0.06%	0.01%
	MRK	F	0.39%	1.11%	0.39%
	MS	A	0.44%	0.89%	0.44%
	MSA	D	0.01%	0.03%	0.01%
	MSFT	D	2.21%	3.92%	2.21%
	MSI	B	0.06%	0.36%	0.06%
	MTRN	C	0.01%	0.01%	0.01%
	NBTB	B	0.01%	0.01%	0.01%
	NDAQ	A	0.03%	0.19%	0.03%
	NDSN	D	0.02%	0.06%	0.02%
	NEE	C	0.23%	0.67%	0.23%
	NFG	A	0.02%	0.02%	0.02%
	NHC	B	0.01%	0.01%	0.01%
	NI	A	0.04%	0.07%	0.04%
	NJR	A	0.01%	0.02%	0.01%
	NKE	F	0.18%	0.39%	0.18%
	NNN	C	0.01%	0.03%	0.01%
	NOC	D	0.18%	0.33%	0.18%
	NSP	F	0.0%	0.01%	0.0%
	NUE	D	0.18%	0.16%	0.16%
	NWE	C	0.01%	0.01%	0.01%
	NWN	A	0.01%	0.01%	0.01%
	NXST	C	0.03%	0.02%	0.02%
	O	C	0.03%	0.21%	0.03%
	OGE	A	0.03%	0.04%	0.03%
	ORCL	A	0.46%	2.22%	0.46%
	ORI	A	0.04%	0.04%	0.04%
	OSK	C	0.03%	0.03%	0.03%
	OTTR	C	0.01%	0.01%	0.01%
	OZK	B	0.01%	0.02%	0.01%
	PAYX	B	0.06%	0.23%	0.06%
	PB	A	0.02%	0.03%	0.02%
	PEG	C	0.1%	0.18%	0.1%
	PEP	F	0.37%	0.96%	0.37%
	PFC	B	0.0%	0.0%	0.0%
	PFE	F	0.61%	0.64%	0.61%
	PFG	C	0.08%	0.09%	0.08%
	PG	C	0.73%	1.67%	0.73%
	PII	F	0.02%	0.02%	0.02%
	PKG	B	0.07%	0.09%	0.07%
	PLD	D	0.07%	0.46%	0.07%
	PLOW	D	0.0%	0.0%	0.0%
	PM	A	0.45%	0.83%	0.45%
	PNC	B	0.28%	0.34%	0.28%
	PNW	B	0.04%	0.04%	0.04%
	POOL	D	0.02%	0.06%	0.02%
	POR	C	0.02%	0.02%	0.02%
	POWI	D	0.01%	0.02%	0.01%
	PPG	F	0.08%	0.12%	0.08%
	PRGO	C	0.01%	0.02%	0.01%
	PRI	A	0.02%	0.04%	0.02%
	PRU	B	0.21%	0.19%	0.19%
	PSX	C	0.34%	0.22%	0.22%
	QCOM	F	0.39%	0.81%	0.39%
	R	B	0.07%	0.03%	0.03%
	REG	A	0.02%	0.06%	0.02%
	REXR	F	0.01%	0.04%	0.01%
	RF	A	0.08%	0.1%	0.08%
	RGA	B	0.04%	0.06%	0.04%
	RGLD	C	0.01%	0.04%	0.01%
	RHI	C	0.04%	0.03%	0.03%
	RJF	A	0.05%	0.14%	0.05%
	RLI	A	0.01%	0.03%	0.01%
	RMD	C	0.03%	0.16%	0.03%
	RNR	C	0.01%	0.06%	0.01%
	ROK	B	0.05%	0.13%	0.05%
	ROP	C	0.05%	0.26%	0.05%
	RPM	B	0.04%	0.07%	0.04%
	RRX	B	0.03%	0.05%	0.03%
	RS	B	0.08%	0.07%	0.07%
	RSG	A	0.06%	0.28%	0.06%
	RTX	D	0.31%	0.7%	0.31%
	SBSI	B	0.0%	0.0%	0.0%
	SBUX	A	0.26%	0.47%	0.26%
	SCI	A	0.02%	0.05%	0.02%
	SCL	D	0.01%	0.01%	0.01%
	SCVL	F	0.0%	0.0%	0.0%
	SEIC	B	0.03%	0.04%	0.03%
	SFNC	B	0.01%	0.01%	0.01%
	SHW	C	0.08%	0.41%	0.08%
	SIGI	B	0.01%	0.03%	0.01%
	SJM	D	0.05%	0.05%	0.05%
	SJW	F	0.0%	0.01%	0.0%
	SLGN	A	0.01%	0.02%	0.01%
	SNA	B	0.05%	0.08%	0.05%
	SO	C	0.24%	0.41%	0.24%
	SON	F	0.02%	0.02%	0.02%
	SPGI	D	0.13%	0.67%	0.13%
	SPTN	F	0.01%	0.0%	0.0%
	SR	A	0.01%	0.02%	0.01%
	SRCE	B	0.0%	0.01%	0.0%
	SRE	A	0.12%	0.24%	0.12%
	SSB	B	0.01%	0.03%	0.01%
	SSD	D	0.01%	0.03%	0.01%
	STAG	D	0.01%	0.03%	0.01%
	STBA	B	0.0%	0.01%	0.0%
	STE	D	0.03%	0.09%	0.03%
	STLD	B	0.11%	0.1%	0.1%
	STT	B	0.09%	0.12%	0.09%
	SWK	F	0.06%	0.06%	0.06%
	SWX	A	0.02%	0.02%	0.02%
	SXI	B	0.01%	0.01%	0.01%
	SYK	A	0.12%	0.61%	0.12%
	SYY	D	0.09%	0.16%	0.09%
	TCBK	B	0.0%	0.01%	0.0%
	TFC	A	0.21%	0.26%	0.21%
	TGT	B	0.35%	0.29%	0.29%
	THG	A	0.02%	0.02%	0.02%
	THO	C	0.04%	0.02%	0.02%
	TKR	F	0.02%	0.02%	0.02%
	TMP	B	0.0%	0.0%	0.0%
	TNC	F	0.0%	0.01%	0.0%
	TOWN	B	0.01%	0.01%	0.01%
	TRN	A	0.01%	0.01%	0.01%
	TRNO	D	0.0%	0.03%	0.0%
	TROW	B	0.12%	0.11%	0.11%
	TRV	A	0.29%	0.25%	0.25%
	TSCO	D	0.05%	0.13%	0.05%
	TSN	B	0.19%	0.07%	0.07%
	TT	A	0.06%	0.39%	0.06%
	TTC	F	0.02%	0.04%	0.02%
	TXN	C	0.31%	0.85%	0.31%
	UBSI	B	0.01%	0.02%	0.01%
	UDR	C	0.02%	0.06%	0.02%
	UFPI	C	0.03%	0.04%	0.03%
	UGI	C	0.04%	0.02%	0.02%
	UMBF	B	0.01%	0.03%	0.01%
	UNH	C	1.14%	2.42%	1.14%
	UNM	A	0.06%	0.05%	0.05%
	UNP	D	0.33%	0.63%	0.33%
	UPS	C	0.27%	0.41%	0.27%
	USB	B	0.3%	0.33%	0.3%
	UVV	B	0.01%	0.01%	0.01%
	V	A	0.34%	2.19%	0.34%
	VMC	B	0.04%	0.16%	0.04%
	VZ	C	1.08%	0.72%	0.72%
	WABC	B	0.0%	0.01%	0.0%
	WAFD	B	0.01%	0.01%	0.01%
	WASH	B	0.0%	0.0%	0.0%
	WBA	F	0.15%	0.03%	0.03%
	WDFC	B	0.0%	0.02%	0.0%
	WEC	A	0.08%	0.13%	0.08%
	WLK	F	0.01%	0.07%	0.01%
	WM	B	0.14%	0.38%	0.14%
	WMT	A	1.37%	2.9%	1.37%
	WOR	F	0.01%	0.01%	0.01%
	WRB	B	0.03%	0.1%	0.03%
	WSBC	B	0.01%	0.01%	0.01%
	WSFS	B	0.01%	0.01%	0.01%
	WSM	D	0.04%	0.07%	0.04%
	WSO	A	0.03%	0.08%	0.03%
	WST	D	0.02%	0.1%	0.02%
	WTFC	B	0.02%	0.04%	0.02%
	WTRG	B	0.02%	0.05%	0.02%
	WTS	B	0.01%	0.02%	0.01%
	XEL	A	0.12%	0.16%	0.12%
	XOM	B	1.84%	2.29%	1.84%
	XYL	D	0.03%	0.13%	0.03%
	ZION	B	0.06%	0.04%	0.04%
	ZTS	D	0.07%	0.34%	0.07%

FNDB Overweight 1280 Positions Relative to PFM

	Symbol	Grade	Weight
	BRK.A	B	2.05%
	META	C	1.6%
	AMZN	B	1.4%
	WFC	A	1.29%
	GOOGL	B	1.22%
	T	A	1.21%
	GOOG	B	1.05%
	C	B	1.04%
	INTC	C	0.81%
	GM	B	0.73%
	CVS	F	0.61%
	LUMN	C	0.6%
	DIS	B	0.45%
	COP	B	0.45%
	COF	B	0.45%
	CI	D	0.44%
	MPC	D	0.37%
	VLO	C	0.36%
	NVDA	A	0.36%
	MU	D	0.34%
	AXP	B	0.33%
	GILD	C	0.33%
	SYF	B	0.32%
	CHTR	B	0.32%
	F	C	0.31%
	FDX	B	0.3%
	TSLA	A	0.27%
	AIG	C	0.26%
	BLK	B	0.26%
	BKNG	A	0.23%
	TMUS	B	0.23%
	KMI	A	0.22%
	PGR	B	0.22%
	DE	C	0.22%
	EOG	A	0.22%
	TMO	F	0.22%
	PYPL	B	0.21%
	TJX	A	0.21%
	HPE	B	0.2%
	AMAT	F	0.2%
	HCA	F	0.19%
	NSC	B	0.19%
	CNC	F	0.18%
	LLY	F	0.18%
	CTSH	C	0.17%
	DOW	F	0.17%
	D	C	0.17%
	ADBE	D	0.17%
	NFLX	A	0.16%
	EBAY	D	0.16%
	IP	A	0.16%
	EXC	C	0.16%
	WMB	A	0.16%
	DD	D	0.16%
	DHI	D	0.15%
	BKR	B	0.15%
	VST	A	0.15%
	JCI	B	0.15%
	LEN	D	0.15%
	PCAR	C	0.14%
	CRM	B	0.14%
	GE	D	0.14%
	FCX	F	0.13%
	OKE	A	0.13%
	LRCX	F	0.13%
	PH	B	0.12%
	SCHW	A	0.12%
	BX	A	0.12%
	CBRE	B	0.12%
	URI	B	0.12%
	NEM	D	0.12%
	FI	A	0.12%
	FIS	C	0.11%
	ETR	A	0.11%
	SLB	C	0.11%
	WDC	F	0.11%
	CARR	D	0.11%
	KKR	A	0.11%
	PARA	D	0.1%
	WELL	A	0.1%
	ORLY	B	0.1%
	NRG	B	0.1%
	CFG	B	0.1%
	SPG	A	0.1%
	BG	D	0.1%
	MTB	A	0.1%
	OXY	F	0.1%
	PHM	D	0.1%
	PPL	A	0.1%
	BA	D	0.1%
	GIS	F	0.1%
	WY	D	0.09%
	LH	B	0.09%
	CCI	C	0.09%
	GEHC	D	0.09%
	KHC	F	0.09%
	FOXA	B	0.09%
	REGN	F	0.09%
	ALLY	C	0.09%
	VTRS	A	0.09%
	CEG	C	0.09%
	WKC	D	0.08%
	DLR	A	0.08%
	EQIX	A	0.08%
	JLL	D	0.08%
	ISRG	A	0.08%
	CTVA	C	0.08%
	MRO	A	0.08%
	GPN	C	0.08%
	DVN	F	0.08%
	STX	D	0.08%
	BIIB	F	0.08%
	EA	A	0.08%
	BSX	A	0.08%
	SW	A	0.08%
	FE	C	0.08%
	MAR	B	0.08%
	AMD	F	0.08%
	STZ	D	0.07%
	NTAP	C	0.07%
	LDOS	C	0.07%
	PWR	A	0.07%
	X	C	0.07%
	TRGP	A	0.07%
	ROST	D	0.07%
	VRTX	D	0.07%
	OMC	C	0.07%
	NVR	D	0.07%
	USFD	A	0.07%
	ARW	F	0.07%
	YUM	D	0.07%
	HBAN	B	0.07%
	WHR	B	0.07%
	NTRS	A	0.07%
	VTR	B	0.07%
	WBD	B	0.07%
	DG	F	0.07%
	UHS	D	0.07%
	PFGC	B	0.06%
	MHK	D	0.06%
	FLEX	B	0.06%
	OMF	A	0.06%
	JBL	C	0.06%
	CCL	A	0.06%
	LNG	A	0.06%
	IQV	F	0.06%
	HLT	A	0.06%
	KSS	F	0.06%
	EME	A	0.06%
	HAL	C	0.06%
	AA	A	0.06%
	TDG	D	0.06%
	WAB	B	0.06%
	IRM	C	0.06%
	CNP	A	0.06%
	MOS	D	0.06%
	KMX	C	0.06%
	OC	A	0.06%
	K	B	0.06%
	HWM	A	0.06%
	VFC	C	0.06%
	BAX	F	0.06%
	CMA	B	0.06%
	THC	C	0.06%
	KDP	D	0.06%
	CF	A	0.06%
	WTW	B	0.06%
	BXP	D	0.05%
	DXC	D	0.05%
	ZBH	C	0.05%
	AN	D	0.05%
	DRI	C	0.05%
	L	A	0.05%
	KD	A	0.05%
	OTIS	C	0.05%
	ALSN	B	0.05%
	LEA	F	0.05%
	FANG	D	0.05%
	AVB	B	0.05%
	EQH	B	0.05%
	GPI	B	0.05%
	DINO	D	0.05%
	EQR	C	0.05%
	BWA	D	0.05%
	TPR	B	0.05%
	TDS	B	0.05%
	J	D	0.05%
	LKQ	F	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	ODFL	B	0.05%
	OVV	C	0.05%
	PSA	C	0.05%
	TAP	B	0.05%
	KVUE	A	0.05%
	LNC	B	0.05%
	TOL	B	0.05%
	CAG	F	0.05%
	M	D	0.05%
	CPAY	A	0.05%
	BFH	B	0.05%
	BLDR	D	0.05%
	HES	B	0.05%
	MGM	D	0.05%
	TXT	D	0.05%
	BALL	D	0.05%
	JEF	A	0.05%
	AZO	C	0.05%
	SIRI	D	0.05%
	DVA	C	0.05%
	DOX	D	0.04%
	FYBR	C	0.04%
	HST	D	0.04%
	ZBRA	B	0.04%
	ZIM	A	0.04%
	CRBG	B	0.04%
	TMHC	B	0.04%
	CCK	D	0.04%
	SLM	B	0.04%
	GT	C	0.04%
	DKS	D	0.04%
	APO	A	0.04%
	SWKS	F	0.04%
	GEN	B	0.04%
	HOLX	D	0.04%
	PVH	C	0.04%
	LPLA	A	0.04%
	EW	C	0.04%
	NWSA	B	0.04%
	HSIC	C	0.04%
	WCC	B	0.04%
	AYI	B	0.04%
	MUSA	B	0.04%
	BERY	D	0.04%
	VRSK	B	0.04%
	OGN	F	0.04%
	MRVL	B	0.04%
	KNX	B	0.04%
	MOH	F	0.04%
	MNST	C	0.04%
	MLM	B	0.04%
	JXN	C	0.04%
	VNO	C	0.04%
	GEV	A	0.04%
	ACM	B	0.04%
	NXPI	F	0.04%
	JNPR	D	0.04%
	DLTR	F	0.04%
	IFF	D	0.04%
	MKL	A	0.04%
	EQT	A	0.04%
	IVZ	C	0.04%
	CW	B	0.03%
	ACGL	D	0.03%
	CPRT	B	0.03%
	BURL	A	0.03%
	FICO	B	0.03%
	GDDY	A	0.03%
	SQ	A	0.03%
	TPH	D	0.03%
	G	B	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	SNX	D	0.03%
	ABG	B	0.03%
	CNX	A	0.03%
	PCG	A	0.03%
	EFX	F	0.03%
	FLR	B	0.03%
	MSCI	B	0.03%
	CAR	C	0.03%
	MTD	F	0.03%
	SNV	B	0.03%
	TTWO	A	0.03%
	ARMK	C	0.03%
	CPB	D	0.03%
	QRVO	F	0.03%
	COIN	A	0.03%
	VOYA	B	0.03%
	CACI	C	0.03%
	AMCR	D	0.03%
	DAL	A	0.03%
	KIM	A	0.03%
	GPK	D	0.03%
	HAS	D	0.03%
	CLF	F	0.03%
	SATS	C	0.03%
	RL	C	0.03%
	AKAM	F	0.03%
	FL	F	0.03%
	SNPS	C	0.03%
	JHG	B	0.03%
	ULTA	F	0.03%
	CIEN	B	0.03%
	MTH	D	0.03%
	EWBC	A	0.03%
	UAL	A	0.03%
	TRMB	B	0.03%
	CDNS	B	0.03%
	APA	F	0.03%
	GRMN	B	0.03%
	DOC	D	0.03%
	SLG	B	0.03%
	FFIV	B	0.03%
	IT	C	0.03%
	EL	F	0.03%
	GNW	A	0.03%
	WU	F	0.03%
	CG	B	0.03%
	PANW	B	0.03%
	OLN	F	0.03%
	DECK	A	0.03%
	CMC	B	0.03%
	FTV	D	0.03%
	ADSK	B	0.03%
	MTZ	A	0.03%
	PBF	D	0.03%
	CTRA	B	0.03%
	IR	B	0.03%
	GEO	A	0.03%
	FHN	A	0.03%
	HUN	F	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	MLI	B	0.03%
	ANET	C	0.03%
	FTNT	B	0.03%
	RCL	A	0.03%
	TER	F	0.03%
	GAP	D	0.03%
	FBIN	F	0.03%
	LPX	B	0.03%
	HBI	B	0.03%
	BCC	C	0.03%
	KEYS	C	0.03%
	SSNC	C	0.03%
	EXPE	B	0.03%
	UBER	F	0.03%
	WAT	C	0.03%
	AMG	C	0.03%
	CMG	C	0.03%
	ON	F	0.03%
	LVS	B	0.03%
	PNR	B	0.03%
	TPC	C	0.02%
	ESI	B	0.02%
	UNIT	B	0.02%
	KRC	C	0.02%
	MMS	D	0.02%
	EG	D	0.02%
	BYD	B	0.02%
	MSM	D	0.02%
	SPOT	B	0.02%
	SPB	C	0.02%
	GMS	B	0.02%
	BLD	F	0.02%
	DEI	B	0.02%
	BHE	B	0.02%
	CR	A	0.02%
	VIRT	A	0.02%
	FDP	B	0.02%
	COOP	B	0.02%
	ZM	B	0.02%
	MPW	F	0.02%
	TTMI	B	0.02%
	INCY	C	0.02%
	LOPE	B	0.02%
	LEG	F	0.02%
	DBX	C	0.02%
	VLTO	C	0.02%
	MOG.A	B	0.02%
	MKSI	C	0.02%
	CHKP	D	0.02%
	SEM	B	0.02%
	TFX	F	0.02%
	KBR	F	0.02%
	BPOP	C	0.02%
	MIDD	D	0.02%
	ARCH	B	0.02%
	SIG	C	0.02%
	WH	B	0.02%
	NSIT	F	0.02%
	AWI	B	0.02%
	FNB	B	0.02%
	AER	B	0.02%
	SAIA	C	0.02%
	FRT	B	0.02%
	LW	C	0.02%
	LITE	B	0.02%
	VRT	A	0.02%
	VAC	C	0.02%
	UHAL	D	0.02%
	GHC	B	0.02%
	DTM	A	0.02%
	SKYW	B	0.02%
	PNFP	B	0.02%
	FSLR	F	0.02%
	ASO	F	0.02%
	WERN	B	0.02%
	XRX	F	0.02%
	ASGN	F	0.02%
	GVA	A	0.02%
	SLVM	C	0.02%
	RDN	D	0.02%
	PLXS	B	0.02%
	Z	A	0.02%
	JAZZ	C	0.02%
	ANSS	B	0.02%
	PRG	C	0.02%
	DY	C	0.02%
	OI	D	0.02%
	CZR	F	0.02%
	POST	C	0.02%
	UAA	C	0.02%
	SM	C	0.02%
	WWD	B	0.02%
	VMI	B	0.02%
	NAVI	F	0.02%
	WPC	C	0.02%
	BWXT	A	0.02%
	MHO	D	0.02%
	CCEP	D	0.02%
	GLPI	C	0.02%
	ST	F	0.02%
	WBS	A	0.02%
	CLH	C	0.02%
	EPAM	C	0.02%
	TPX	B	0.02%
	MUR	F	0.02%
	CRS	A	0.02%
	SBAC	D	0.02%
	OHI	B	0.02%
	HCC	B	0.02%
	STWD	C	0.02%
	ALK	A	0.02%
	PAG	B	0.02%
	HUBG	A	0.02%
	GXO	B	0.02%
	WAL	B	0.02%
	NOV	D	0.02%
	IDXX	F	0.02%
	HRI	C	0.02%
	MAC	A	0.02%
	APTV	F	0.02%
	PENN	C	0.02%
	KMPR	A	0.02%
	BECN	B	0.02%
	CPT	C	0.02%
	CTLT	D	0.02%
	ALGN	D	0.02%
	AVTR	F	0.02%
	HOG	F	0.02%
	TXRH	B	0.02%
	JWN	C	0.02%
	NVT	C	0.02%
	LAMR	D	0.02%
	CXW	B	0.02%
	CC	D	0.02%
	FTI	A	0.02%
	BKU	A	0.02%
	APP	A	0.02%
	TNL	B	0.02%
	VSCO	A	0.02%
	XPO	B	0.02%
	SKX	F	0.02%
	HRB	D	0.02%
	FLS	A	0.02%
	PK	D	0.02%
	FCNCA	A	0.02%
	NOW	B	0.02%
	UTHR	C	0.02%
	CNH	C	0.02%
	SUI	C	0.02%
	GME	C	0.02%
	BRX	A	0.02%
	SF	B	0.02%
	MTG	D	0.02%
	SAIC	F	0.02%
	TGNA	B	0.02%
	VICI	C	0.02%
	GNRC	B	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	MRNA	F	0.02%
	RUSHA	B	0.02%
	AXTA	B	0.02%
	DELL	B	0.02%
	AAP	D	0.02%
	REZI	A	0.02%
	LSTR	D	0.02%
	SOLV	F	0.02%
	EXP	B	0.02%
	LUV	B	0.02%
	DAR	B	0.02%
	BAP	A	0.02%
	SEE	D	0.02%
	FMC	D	0.02%
	RVTY	D	0.02%
	ILMN	C	0.02%
	INVH	D	0.02%
	TRU	D	0.02%
	AR	B	0.02%
	ACI	C	0.02%
	TDY	B	0.02%
	ANF	C	0.02%
	GNTX	F	0.02%
	BTU	C	0.02%
	MRTN	C	0.01%
	HQY	A	0.01%
	PR	B	0.01%
	ALG	C	0.01%
	PLAB	D	0.01%
	IRT	A	0.01%
	GNL	D	0.01%
	ROG	D	0.01%
	HLX	C	0.01%
	NX	C	0.01%
	AMN	F	0.01%
	TILE	B	0.01%
	OMCL	C	0.01%
	PEB	F	0.01%
	TTD	B	0.01%
	RRR	F	0.01%
	LYFT	C	0.01%
	DOLE	D	0.01%
	IRDM	F	0.01%
	TALO	C	0.01%
	CASH	B	0.01%
	YETI	D	0.01%
	LADR	B	0.01%
	BMRN	F	0.01%
	OII	B	0.01%
	ICFI	F	0.01%
	DLX	B	0.01%
	ATI	C	0.01%
	CAKE	B	0.01%
	CXT	C	0.01%
	KN	B	0.01%
	KFRC	D	0.01%
	KOS	D	0.01%
	PTON	C	0.01%
	CSWI	A	0.01%
	KW	B	0.01%
	WNC	D	0.01%
	LXP	D	0.01%
	ALGT	C	0.01%
	CARG	B	0.01%
	GO	C	0.01%
	KLG	D	0.01%
	ROAD	A	0.01%
	SAFT	B	0.01%
	ROIC	A	0.01%
	CHH	A	0.01%
	AZEK	B	0.01%
	CBZ	B	0.01%
	HL	C	0.01%
	ALIT	C	0.01%
	ARI	C	0.01%
	REVG	B	0.01%
	AKR	A	0.01%
	PMT	D	0.01%
	GOLF	B	0.01%
	NWBI	B	0.01%
	CNXN	D	0.01%
	OPCH	F	0.01%
	SYNA	D	0.01%
	LBRDK	C	0.01%
	PRK	B	0.01%
	PINS	F	0.01%
	NHI	D	0.01%
	RNG	C	0.01%
	ORA	B	0.01%
	FTDR	B	0.01%
	PDM	D	0.01%
	CENTA	C	0.01%
	AIN	C	0.01%
	RBC	A	0.01%
	MGRC	B	0.01%
	ROKU	D	0.01%
	JACK	D	0.01%
	PBI	B	0.01%
	RAMP	C	0.01%
	ICLR	F	0.01%
	BRKR	F	0.01%
	ALEX	B	0.01%
	STRA	C	0.01%
	IBTX	B	0.01%
	CWEN	C	0.01%
	ESRT	C	0.01%
	TW	A	0.01%
	ROCK	D	0.01%
	PRDO	B	0.01%
	ESE	B	0.01%
	SVC	F	0.01%
	RHP	B	0.01%
	MMSI	A	0.01%
	MGY	A	0.01%
	DXCM	C	0.01%
	OSIS	A	0.01%
	VC	F	0.01%
	ACHC	F	0.01%
	AAON	B	0.01%
	NPO	A	0.01%
	COMM	D	0.01%
	IBP	F	0.01%
	EIG	B	0.01%
	AM	A	0.01%
	SCSC	B	0.01%
	WSC	F	0.01%
	ENR	B	0.01%
	FIVE	F	0.01%
	CORT	C	0.01%
	TECH	F	0.01%
	HPP	F	0.01%
	HAE	C	0.01%
	HTLF	B	0.01%
	FN	B	0.01%
	NTCT	C	0.01%
	DIOD	F	0.01%
	PAYC	B	0.01%
	BKE	B	0.01%
	BXC	B	0.01%
	UCB	A	0.01%
	AZZ	A	0.01%
	BOOT	D	0.01%
	SASR	B	0.01%
	CPNG	D	0.01%
	VIAV	C	0.01%
	CYH	F	0.01%
	SAM	C	0.01%
	SHO	D	0.01%
	PSN	C	0.01%
	KALU	C	0.01%
	KRG	A	0.01%
	ENOV	C	0.01%
	UE	A	0.01%
	AX	B	0.01%
	PFS	B	0.01%
	MPWR	F	0.01%
	HTH	B	0.01%
	EPC	F	0.01%
	DHC	F	0.01%
	TNET	F	0.01%
	BFAM	F	0.01%
	CIVI	D	0.01%
	STRL	A	0.01%
	XHR	B	0.01%
	AEIS	B	0.01%
	SKT	A	0.01%
	CHX	C	0.01%
	CVBF	B	0.01%
	MYRG	C	0.01%
	COMP	B	0.01%
	PLUS	F	0.01%
	PRIM	A	0.01%
	FSS	B	0.01%
	HGV	C	0.01%
	ETSY	D	0.01%
	PECO	A	0.01%
	MANH	D	0.01%
	PPBI	B	0.01%
	TRMK	B	0.01%
	FHI	B	0.01%
	PBH	A	0.01%
	CHRD	F	0.01%
	IAC	D	0.01%
	CNM	C	0.01%
	IBKR	A	0.01%
	LBRT	F	0.01%
	SMTC	C	0.01%
	PTC	B	0.01%
	RIG	D	0.01%
	HEES	C	0.01%
	JELD	F	0.01%
	NGVT	C	0.01%
	WDAY	C	0.01%
	JBGS	F	0.01%
	ECPG	C	0.01%
	LRN	A	0.01%
	IPGP	D	0.01%
	FFBC	B	0.01%
	TREX	D	0.01%
	AMED	F	0.01%
	HLF	C	0.01%
	DRH	B	0.01%
	HOPE	B	0.01%
	RLJ	C	0.01%
	ABNB	D	0.01%
	BANR	B	0.01%
	TROX	D	0.01%
	JBT	A	0.01%
	AIR	B	0.01%
	HELE	C	0.01%
	DORM	B	0.01%
	THS	F	0.01%
	ATKR	D	0.01%
	WEX	F	0.01%
	WWW	A	0.01%
	ITGR	B	0.01%
	IGT	F	0.01%
	WMS	F	0.01%
	DNB	B	0.01%
	CABO	C	0.01%
	WEN	C	0.01%
	PLNT	A	0.01%
	DLB	F	0.01%
	CNXC	F	0.01%
	ITRI	B	0.01%
	NMRK	B	0.01%
	MWA	B	0.01%
	FND	F	0.01%
	CDP	C	0.01%
	BGC	C	0.01%
	COKE	C	0.01%
	IDCC	B	0.01%
	AMR	C	0.01%
	ABCB	B	0.01%
	RYI	C	0.01%
	CVLT	B	0.01%
	UPBD	C	0.01%
	APG	C	0.01%
	ICUI	D	0.01%
	EBS	C	0.01%
	VSTO	A	0.01%
	RRC	B	0.01%
	RYN	D	0.01%
	SLAB	F	0.01%
	TDC	D	0.01%
	EPR	D	0.01%
	MLKN	F	0.01%
	H	B	0.01%
	BXMT	C	0.01%
	EXLS	B	0.01%
	TPG	A	0.01%
	FULT	B	0.01%
	MCY	B	0.01%
	BOH	B	0.01%
	SNDR	B	0.01%
	SAH	B	0.01%
	AMWD	C	0.01%
	TYL	B	0.01%
	BCO	F	0.01%
	CNK	A	0.01%
	CVCO	A	0.01%
	OMI	F	0.01%
	NEU	D	0.01%
	CROX	F	0.01%
	AROC	A	0.01%
	YELP	C	0.01%
	FWRD	D	0.01%
	CGNX	D	0.01%
	PPC	B	0.01%
	OUT	A	0.01%
	KAR	A	0.01%
	SXT	C	0.01%
	CACC	F	0.01%
	RH	D	0.01%
	CBRL	C	0.01%
	VEEV	C	0.01%
	QRTEA	F	0.01%
	ROL	B	0.01%
	TCBI	B	0.01%
	NOMD	D	0.01%
	DNOW	B	0.01%
	GMED	A	0.01%
	APAM	B	0.01%
	ARES	A	0.01%
	LGIH	F	0.01%
	SITE	D	0.01%
	MTCH	F	0.01%
	VSH	F	0.01%
	CEIX	A	0.01%
	SCS	B	0.01%
	COLD	F	0.01%
	MTX	C	0.01%
	LZB	B	0.01%
	AGR	A	0.01%
	MOD	A	0.01%
	KTB	A	0.01%
	PTEN	C	0.01%
	HE	C	0.01%
	SKY	A	0.01%
	ZD	B	0.01%
	ALLE	D	0.01%
	ENTG	F	0.01%
	PDCO	F	0.01%
	OLLI	D	0.01%
	MASI	B	0.01%
	VYX	C	0.01%
	GEF	B	0.01%
	WD	D	0.01%
	ESNT	D	0.01%
	VNT	C	0.01%
	PCH	D	0.01%
	GTES	A	0.01%
	CSGP	F	0.01%
	WMK	B	0.01%
	AMKR	F	0.01%
	ALE	A	0.01%
	HXL	F	0.01%
	LNW	F	0.01%
	APLE	B	0.01%
	VSTS	F	0.01%
	B	A	0.01%
	LILAK	F	0.01%
	MTDR	C	0.01%
	PSMT	D	0.01%
	VVV	D	0.01%
	PFSI	C	0.01%
	WYNN	D	0.01%
	CATY	B	0.01%
	BDC	B	0.01%
	ONB	B	0.01%
	BIO	C	0.01%
	DK	D	0.01%
	WTM	A	0.01%
	WGO	D	0.01%
	LAUR	A	0.01%
	UNF	B	0.01%
	SN	D	0.01%
	EEFT	C	0.01%
	SUM	B	0.01%
	PHIN	B	0.01%
	PIPR	B	0.01%
	PATK	D	0.01%
	ESAB	C	0.01%
	SHOO	D	0.01%
	HTZ	C	0.01%
	NYT	D	0.01%
	GBCI	B	0.01%
	SPR	D	0.01%
	RPRX	F	0.01%
	DAN	F	0.01%
	XRAY	D	0.01%
	AMH	C	0.01%
	COLM	B	0.01%
	IMKTA	C	0.01%
	LULU	C	0.01%
	ACIW	B	0.01%
	ARCB	C	0.01%
	DBRG	F	0.01%
	SBRA	B	0.01%
	TEX	D	0.01%
	URBN	C	0.01%
	KMT	C	0.01%
	JBLU	F	0.01%
	CRC	A	0.01%
	CCS	F	0.01%
	DASH	A	0.01%
	PLTR	A	0.01%
	GIII	D	0.01%
	TWLO	A	0.01%
	ACA	A	0.01%
	TPL	A	0.01%
	LCII	D	0.01%
	STC	B	0.01%
	CRL	D	0.01%
	ENS	D	0.01%
	FCN	F	0.01%
	CUZ	B	0.01%
	CRI	F	0.01%
	ENVA	B	0.01%
	ADTN	A	0.01%
	UNFI	B	0.01%
	MAT	D	0.01%
	PNM	B	0.01%
	KNF	B	0.01%
	KEX	B	0.01%
	SBH	B	0.01%
	SMG	C	0.01%
	MC	B	0.01%
	HP	C	0.01%
	AGNC	C	0.01%
	COLB	B	0.01%
	ATGE	B	0.01%
	NVST	C	0.01%
	MTN	C	0.01%
	EXEL	B	0.01%
	HLI	B	0.01%
	OGS	A	0.01%
	COHR	B	0.01%
	FHB	B	0.01%
	CRUS	F	0.01%
	CPRI	F	0.01%
	HWC	B	0.01%
	ODP	F	0.01%
	TTEK	F	0.01%
	SCCO	F	0.01%
	GBX	B	0.01%
	CALM	A	0.01%
	EAT	A	0.01%
	VLY	B	0.01%
	VRSN	F	0.01%
	PINC	B	0.01%
	HIW	D	0.01%
	AAL	B	0.01%
	RXO	C	0.01%
	CWK	C	0.01%
	ADNT	F	0.01%
	KFY	B	0.01%
	ALV	C	0.01%
	ELAN	D	0.01%
	AEO	F	0.01%
	MGPI	F	0.0%
	TBBK	B	0.0%
	HOV	D	0.0%
	SEG	B	0.0%
	AOSL	C	0.0%
	AMRC	F	0.0%
	GIC	F	0.0%
	ALGM	F	0.0%
	PCRX	C	0.0%
	PKST	F	0.0%
	TWI	F	0.0%
	CRNC	F	0.0%
	SEDG	F	0.0%
	GPRO	F	0.0%
	AMPH	F	0.0%
	GSM	C	0.0%
	LESL	C	0.0%
	ONEW	F	0.0%
	TTEC	F	0.0%
	SPWH	F	0.0%
	THR	B	0.0%
	KE	C	0.0%
	MED	F	0.0%
	CMTL	F	0.0%
	REX	D	0.0%
	SRI	F	0.0%
	RILY	F	0.0%
	PRM	B	0.0%
	JRVR	F	0.0%
	NIC	B	0.0%
	CENT	C	0.0%
	MODV	D	0.0%
	ATNI	F	0.0%
	OIS	C	0.0%
	GPMT	B	0.0%
	PETS	C	0.0%
	SSP	F	0.0%
	CRMT	F	0.0%
	CCRN	F	0.0%
	TPIC	F	0.0%
	SNEX	B	0.0%
	IRBT	F	0.0%
	AVD	C	0.0%
	OPI	F	0.0%
	BMBL	C	0.0%
	FLGT	F	0.0%
	MYE	F	0.0%
	BRSP	C	0.0%
	AGL	F	0.0%
	HLNE	A	0.0%
	NPK	C	0.0%
	VREX	C	0.0%
	MOV	D	0.0%
	WOLF	F	0.0%
	DENN	D	0.0%
	TITN	D	0.0%
	USPH	C	0.0%
	FIZZ	C	0.0%
	MEI	F	0.0%
	DHIL	A	0.0%
	RGP	F	0.0%
	CLVT	D	0.0%
	CTRN	F	0.0%
	FLWS	F	0.0%
	SSYS	C	0.0%
	ARKO	D	0.0%
	KRNY	B	0.0%
	GNK	D	0.0%
	CSR	A	0.0%
	BRY	F	0.0%
	RUN	F	0.0%
	AMBC	C	0.0%
	PLCE	C	0.0%
	CLOV	D	0.0%
	TEN	F	0.0%
	IRWD	F	0.0%
	HASI	F	0.0%
	ARCO	F	0.0%
	ALTO	F	0.0%
	CLDT	C	0.0%
	DBI	F	0.0%
	CSV	B	0.0%
	DIN	C	0.0%
	AVNS	F	0.0%
	CNOB	B	0.0%
	BJRI	C	0.0%
	EVRI	A	0.0%
	DAY	B	0.0%
	OPK	B	0.0%
	WOW	C	0.0%
	ALKS	C	0.0%
	CCSI	C	0.0%
	CMP	C	0.0%
	EDR	A	0.0%
	XPRO	F	0.0%
	KREF	D	0.0%
	CALX	D	0.0%
	TBI	F	0.0%
	DCO	B	0.0%
	MERC	F	0.0%
	CRAI	B	0.0%
	SHEN	F	0.0%
	AVO	B	0.0%
	UFCS	A	0.0%
	MTUS	D	0.0%
	WMG	C	0.0%
	ZEUS	C	0.0%
	GDEN	B	0.0%
	SHYF	C	0.0%
	STNE	F	0.0%
	AHCO	D	0.0%
	HAFC	B	0.0%
	OKTA	D	0.0%
	DAC	B	0.0%
	RYAM	C	0.0%
	MTW	C	0.0%
	KNSL	B	0.0%
	WRLD	D	0.0%
	EBF	D	0.0%
	CLB	C	0.0%
	MYGN	F	0.0%
	UTL	C	0.0%
	WOOF	D	0.0%
	THRY	F	0.0%
	ASTH	F	0.0%
	CNNE	B	0.0%
	CLW	F	0.0%
	VIR	F	0.0%
	SGRY	F	0.0%
	ZIMV	F	0.0%
	SBLK	F	0.0%
	GDOT	D	0.0%
	OCFC	B	0.0%
	BBSI	B	0.0%
	VRNT	D	0.0%
	ETD	D	0.0%
	VSEC	B	0.0%
	PAGS	F	0.0%
	CVGW	D	0.0%
	EVTC	B	0.0%
	STNG	D	0.0%
	XP	F	0.0%
	BRKL	B	0.0%
	TKO	A	0.0%
	HMST	D	0.0%
	CMRE	B	0.0%
	MXL	C	0.0%
	RGR	F	0.0%
	RMBS	C	0.0%
	VAL	F	0.0%
	MP	C	0.0%
	SBCF	B	0.0%
	PEGA	B	0.0%
	SFIX	B	0.0%
	USNA	C	0.0%
	DT	C	0.0%
	WTTR	A	0.0%
	SSTK	F	0.0%
	SPSC	F	0.0%
	ACLS	F	0.0%
	ILPT	D	0.0%
	RKT	F	0.0%
	CTRE	C	0.0%
	HSII	B	0.0%
	PRVA	C	0.0%
	RWT	D	0.0%
	SMP	C	0.0%
	EGBN	B	0.0%
	RC	D	0.0%
	CBL	A	0.0%
	LEVI	F	0.0%
	CMTG	D	0.0%
	TSE	F	0.0%
	IVT	A	0.0%
	CPF	B	0.0%
	AMC	D	0.0%
	PZZA	F	0.0%
	USM	B	0.0%
	OFG	B	0.0%
	PRLB	C	0.0%
	CFFN	B	0.0%
	MATV	F	0.0%
	UVE	A	0.0%
	LYV	A	0.0%
	SNOW	C	0.0%
	NVRI	F	0.0%
	VCTR	B	0.0%
	STEP	B	0.0%
	BGS	F	0.0%
	IHRT	B	0.0%
	WFRD	F	0.0%
	IPAR	C	0.0%
	ASTE	C	0.0%
	ENPH	F	0.0%
	ZUMZ	C	0.0%
	CARS	C	0.0%
	TRTX	B	0.0%
	RGEN	F	0.0%
	GLOB	C	0.0%
	CPS	C	0.0%
	DHT	D	0.0%
	GLDD	B	0.0%
	NUS	C	0.0%
	PUMP	D	0.0%
	ASIX	C	0.0%
	INSW	F	0.0%
	RES	F	0.0%
	PRA	B	0.0%
	FBRT	C	0.0%
	EXAS	D	0.0%
	ALRM	C	0.0%
	GCO	C	0.0%
	LPG	F	0.0%
	DXPE	B	0.0%
	SWBI	C	0.0%
	CNSL	B	0.0%
	CSTM	F	0.0%
	RDNT	B	0.0%
	SFBS	B	0.0%
	SENEA	A	0.0%
	GLNG	D	0.0%
	RDUS	C	0.0%
	GTN	F	0.0%
	CMPR	F	0.0%
	NVEE	F	0.0%
	PEN	B	0.0%
	SNAP	D	0.0%
	ZI	D	0.0%
	AZTA	F	0.0%
	INVA	C	0.0%
	HLIO	C	0.0%
	SFL	D	0.0%
	VTLE	C	0.0%
	WING	D	0.0%
	PARR	F	0.0%
	PRAA	C	0.0%
	LSCC	D	0.0%
	NBR	D	0.0%
	AGRO	C	0.0%
	JBSS	F	0.0%
	NOG	B	0.0%
	HZO	F	0.0%
	UIS	C	0.0%
	NEOG	D	0.0%
	LIVN	D	0.0%
	VRTS	B	0.0%
	ACCO	B	0.0%
	GRBK	D	0.0%
	CRGY	A	0.0%
	RNST	B	0.0%
	BZH	C	0.0%
	W	D	0.0%
	COHU	D	0.0%
	ICHR	C	0.0%
	HAIN	D	0.0%
	LTC	B	0.0%
	CNDT	D	0.0%
	SNBR	F	0.0%
	NTB	B	0.0%
	FCPT	C	0.0%
	VRRM	F	0.0%
	FBNC	B	0.0%
	BRBR	A	0.0%
	VRE	A	0.0%
	HAYW	B	0.0%
	CCO	D	0.0%
	NOVT	D	0.0%
	DEA	D	0.0%
	EPRT	A	0.0%
	VSAT	F	0.0%
	FOXF	F	0.0%
	AY	A	0.0%
	AGX	B	0.0%
	KLIC	C	0.0%
	AMRK	F	0.0%
	SXC	A	0.0%
	SUPN	B	0.0%
	EPAC	B	0.0%
	CODI	B	0.0%
	MRC	B	0.0%
	PSTG	F	0.0%
	WHD	B	0.0%
	CHEF	B	0.0%
	CTS	C	0.0%
	HTLD	B	0.0%
	MELI	D	0.0%
	AMCX	C	0.0%
	CNMD	C	0.0%
	KTOS	C	0.0%
	ESGR	B	0.0%
	PODD	B	0.0%
	CMCO	C	0.0%
	GTLS	A	0.0%
	GPRE	F	0.0%
	AXL	C	0.0%
	GFS	C	0.0%
	MEDP	D	0.0%
	PRGS	B	0.0%
	MODG	F	0.0%
	HCSG	C	0.0%
	HALO	F	0.0%
	ADUS	D	0.0%
	BLKB	B	0.0%
	FBP	B	0.0%
	COTY	F	0.0%
	TRIP	F	0.0%
	GCI	D	0.0%
	CAL	F	0.0%
	GES	F	0.0%
	CVI	D	0.0%
	BSY	D	0.0%
	TOST	A	0.0%
	TDOC	D	0.0%
	CWST	A	0.0%
	FORM	F	0.0%
	NTGR	A	0.0%
	DFIN	D	0.0%
	BNL	D	0.0%
	OXM	F	0.0%
	SEB	F	0.0%
	SONO	C	0.0%
	SMPL	B	0.0%
	SCHL	F	0.0%
	CWH	C	0.0%
	ECVT	C	0.0%
	EMBC	D	0.0%
	NBIX	C	0.0%
	ENV	B	0.0%
	TRS	B	0.0%
	AAT	A	0.0%
	KELYA	F	0.0%
	LGF.A	F	0.0%
	MMI	B	0.0%
	NNI	D	0.0%
	OEC	C	0.0%
	PGRE	D	0.0%
	REYN	D	0.0%
	BKD	F	0.0%
	ONTO	F	0.0%
	PLAY	D	0.0%
	HURN	B	0.0%
	EAF	B	0.0%
	ATSG	A	0.0%
	EXPI	C	0.0%
	ELME	D	0.0%
	BV	C	0.0%
	FCF	B	0.0%
	HHH	B	0.0%
	EFSC	B	0.0%
	SABR	B	0.0%
	PJT	B	0.0%
	CNA	C	0.0%
	QLYS	C	0.0%
	KOP	C	0.0%
	MD	C	0.0%
	OPEN	F	0.0%
	BUSE	B	0.0%
	CUBI	C	0.0%
	BDN	C	0.0%
	BLMN	F	0.0%
	BSIG	A	0.0%
	IART	C	0.0%
	NMIH	D	0.0%
	MRCY	C	0.0%
	UCTT	F	0.0%
	NSA	C	0.0%
	PTVE	B	0.0%
	EYE	C	0.0%
	OLED	F	0.0%
	GWRE	A	0.0%
	SMCI	F	0.0%
	ZWS	B	0.0%
	CDE	C	0.0%
	VBTX	B	0.0%
	CRK	A	0.0%
	THRM	F	0.0%
	EBC	B	0.0%

FNDB Underweight 28 Positions Relative to PFM

	Symbol	Grade	Weight
	EPD	A	-0.28%
	MPLX	A	-0.2%
	MSEX	B	-0.01%
	TR	B	-0.01%
	GABC	B	-0.01%
	DKL	C	-0.01%
	SYBT	B	-0.01%
	LMAT	A	-0.01%
	FLIC	B	-0.0%
	JOUT	F	-0.0%
	ARTNA	F	-0.0%
	ODC	C	-0.0%
	BMRC	A	-0.0%
	CTO	B	-0.0%
	YORW	D	-0.0%
	AROW	B	-0.0%
	THFF	B	-0.0%
	UHT	D	-0.0%
	CASS	B	-0.0%
	HIFS	B	-0.0%
	SMBC	B	-0.0%
	HY	D	-0.0%
	GSBC	B	-0.0%
	MBWM	B	-0.0%
	HBNC	B	-0.0%
	FCBC	B	-0.0%
	CTBI	B	-0.0%
	GRC	B	-0.0%

FNDB: Top Represented Industries & Keywords

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

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

PFM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Specialty Chemicals Utilities - Regulated Electric Insurance - Property & Casualty Business Services Capital Markets Insurance - Life REIT - Industrial Utilities - Diversified Utilities - Regulated Gas Utilities - Regulated Water Asset Management Packaged Foods Aerospace & Defense Drug Manufacturers - Major Semiconductors Tools & Accessories Building Materials Household & Personal Products

Keywords: S&P 500 Bank Banking Insurance Natural Gas Chemical Electricity Nasdaq 100 Mining Insurance Products Deposit Products Dow Jones Component Electronics Commercial Banking Real Estate Investment Trust Plastic Trust Services Disability Financial Products Aerospace