FNDB vs. SPLG ETF Comparison

Comparison of Schwab Fundamental U.S. Broad Market Index ETF (FNDB) to SPDR Portfolio Large Cap ETF (SPLG)

FNDB

Schwab Fundamental U.S. Broad Market Index ETF

FNDB Description

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

Grade (RS Rating)

Last Trade

$24.31

Average Daily Volume

91,528

Number of Holdings ^*

1668

* may have additional holdings in another (foreign) market

SPLG

SPDR Portfolio Large Cap ETF

SPLG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Large Cap Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the large-capitalization segment of the U.S. equity market. The fund may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$70.37

Average Daily Volume

6,007,023

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	FNDB	SPLG
30 Days	3.65%	3.68%
60 Days	8.37%	9.84%
90 Days	11.18%	12.67%
12 Months	35.42%	39.88%

493 Overlapping Holdings

	Symbol	Grade	Weight in FNDB	Weight in SPLG	Overlap
	A	D	0.05%	0.08%	0.05%
	AAPL	B	4.15%	7.1%	4.15%
	ABBV	B	0.51%	0.74%	0.51%
	ABNB	D	0.01%	0.12%	0.01%
	ABT	B	0.32%	0.41%	0.32%
	ACGL	D	0.03%	0.08%	0.03%
	ACN	C	0.35%	0.45%	0.35%
	ADBE	F	0.17%	0.44%	0.17%
	ADI	D	0.13%	0.23%	0.13%
	ADM	F	0.22%	0.05%	0.05%
	ADP	A	0.14%	0.24%	0.14%
	ADSK	A	0.03%	0.13%	0.03%
	AEE	A	0.06%	0.05%	0.05%
	AEP	D	0.16%	0.11%	0.11%
	AES	F	0.06%	0.02%	0.02%
	AFL	D	0.2%	0.11%	0.11%
	AIG	C	0.27%	0.1%	0.1%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	C	0.05%	0.13%	0.05%
	AKAM	F	0.03%	0.03%	0.03%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	F	0.02%	0.03%	0.02%
	ALL	B	0.25%	0.1%	0.1%
	ALLE	C	0.01%	0.03%	0.01%
	AMAT	D	0.22%	0.31%	0.22%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.1%	0.48%	0.1%
	AME	A	0.04%	0.09%	0.04%
	AMGN	C	0.4%	0.36%	0.36%
	AMP	B	0.13%	0.1%	0.1%
	AMT	F	0.12%	0.21%	0.12%
	AMZN	B	1.3%	3.6%	1.3%
	ANET	C	0.03%	0.21%	0.03%
	ANSS	B	0.02%	0.06%	0.02%
	AON	B	0.11%	0.16%	0.11%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.03%	0.02%	0.02%
	APD	B	0.12%	0.14%	0.12%
	APH	B	0.08%	0.17%	0.08%
	APTV	F	0.03%	0.03%	0.03%
	ARE	D	0.03%	0.04%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	A	0.05%	0.07%	0.05%
	AVGO	B	0.61%	1.63%	0.61%
	AVY	F	0.04%	0.03%	0.03%
	AWK	D	0.04%	0.06%	0.04%
	AXP	B	0.33%	0.31%	0.31%
	AZO	D	0.06%	0.11%	0.06%
	BA	F	0.12%	0.23%	0.12%
	BAC	B	1.13%	0.58%	0.58%
	BALL	F	0.06%	0.04%	0.04%
	BAX	F	0.07%	0.04%	0.04%
	BBY	D	0.16%	0.04%	0.04%
	BDX	F	0.11%	0.14%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	F	0.11%	0.02%	0.02%
	BIIB	F	0.1%	0.05%	0.05%
	BK	B	0.25%	0.12%	0.12%
	BKNG	B	0.2%	0.32%	0.2%
	BKR	B	0.13%	0.08%	0.08%
	BLDR	D	0.06%	0.04%	0.04%
	BMY	C	0.38%	0.23%	0.23%
	BR	A	0.03%	0.05%	0.03%
	BRK.A	C	2.03%	1.71%	1.71%
	BRO	B	0.02%	0.05%	0.02%
	BSX	A	0.08%	0.26%	0.08%
	BWA	D	0.05%	0.02%	0.02%
	BX	A	0.11%	0.25%	0.11%
	BXP	B	0.05%	0.02%	0.02%
	C	B	0.97%	0.25%	0.25%
	CAG	F	0.06%	0.03%	0.03%
	CAH	B	0.06%	0.05%	0.05%
	CARR	D	0.12%	0.13%	0.12%
	CAT	B	0.39%	0.38%	0.38%
	CB	D	0.26%	0.22%	0.22%
	CBOE	D	0.01%	0.05%	0.01%
	CBRE	A	0.12%	0.08%	0.08%
	CCI	D	0.09%	0.1%	0.09%
	CCL	B	0.05%	0.05%	0.05%
	CDNS	B	0.03%	0.16%	0.03%
	CDW	F	0.05%	0.05%	0.05%
	CE	F	0.06%	0.03%	0.03%
	CEG	D	0.12%	0.17%	0.12%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.09%	0.04%	0.04%
	CHD	C	0.04%	0.05%	0.04%
	CHRW	B	0.07%	0.02%	0.02%
	CHTR	B	0.27%	0.07%	0.07%
	CI	F	0.49%	0.18%	0.18%
	CINF	B	0.06%	0.05%	0.05%
	CL	F	0.13%	0.16%	0.13%
	CLX	B	0.04%	0.04%	0.04%
	CMCSA	B	0.75%	0.35%	0.35%
	CME	B	0.08%	0.17%	0.08%
	CMG	C	0.03%	0.16%	0.03%
	CMI	B	0.16%	0.09%	0.09%
	CMS	D	0.06%	0.04%	0.04%
	CNC	F	0.19%	0.07%	0.07%
	CNP	B	0.06%	0.04%	0.04%
	COF	B	0.39%	0.13%	0.13%
	COP	C	0.42%	0.26%	0.26%
	COR	B	0.02%	0.08%	0.02%
	COST	B	0.59%	0.8%	0.59%
	CPAY	B	0.05%	0.05%	0.05%
	CPB	D	0.03%	0.02%	0.02%
	CPRT	B	0.02%	0.09%	0.02%
	CPT	C	0.02%	0.03%	0.02%
	CRL	D	0.01%	0.02%	0.01%
	CRM	A	0.13%	0.58%	0.13%
	CSCO	A	0.75%	0.46%	0.46%
	CSGP	D	0.01%	0.06%	0.01%
	CSX	B	0.19%	0.13%	0.13%
	CTAS	A	0.08%	0.15%	0.08%
	CTLT	D	0.02%	0.02%	0.02%
	CTRA	C	0.03%	0.04%	0.03%
	CTSH	B	0.17%	0.08%	0.08%
	CTVA	C	0.09%	0.09%	0.09%
	CVS	F	0.73%	0.15%	0.15%
	CVX	B	1.1%	0.52%	0.52%
	CZR	D	0.02%	0.02%	0.02%
	D	C	0.17%	0.1%	0.1%
	DAL	B	0.02%	0.08%	0.02%
	DAY	A	0.0%	0.02%	0.0%
	DD	D	0.17%	0.07%	0.07%
	DE	C	0.22%	0.21%	0.21%
	DECK	B	0.03%	0.05%	0.03%
	DELL	C	0.02%	0.07%	0.02%
	DFS	B	0.21%	0.08%	0.08%
	DG	F	0.08%	0.04%	0.04%
	DGX	B	0.06%	0.04%	0.04%
	DHI	D	0.17%	0.1%	0.1%
	DHR	F	0.15%	0.33%	0.15%
	DIS	C	0.38%	0.36%	0.36%
	DLR	B	0.07%	0.11%	0.07%
	DLTR	F	0.05%	0.03%	0.03%
	DOC	B	0.03%	0.03%	0.03%
	DOV	B	0.06%	0.05%	0.05%
	DOW	F	0.2%	0.07%	0.07%
	DPZ	C	0.03%	0.03%	0.03%
	DRI	B	0.05%	0.04%	0.04%
	DTE	D	0.07%	0.05%	0.05%
	DUK	D	0.3%	0.18%	0.18%
	DVA	D	0.06%	0.01%	0.01%
	DVN	F	0.09%	0.05%	0.05%
	DXCM	D	0.01%	0.06%	0.01%
	EA	B	0.07%	0.08%	0.07%
	EBAY	D	0.17%	0.06%	0.06%
	ECL	D	0.08%	0.13%	0.08%
	ED	D	0.12%	0.07%	0.07%
	EFX	D	0.03%	0.07%	0.03%
	EG	D	0.02%	0.03%	0.02%
	EIX	D	0.09%	0.07%	0.07%
	EL	F	0.04%	0.03%	0.03%
	ELV	F	0.37%	0.19%	0.19%
	EMN	D	0.08%	0.03%	0.03%
	EMR	B	0.14%	0.13%	0.13%
	ENPH	F	0.0%	0.02%	0.0%
	EOG	B	0.21%	0.14%	0.14%
	EPAM	C	0.02%	0.02%	0.02%
	EQIX	B	0.08%	0.18%	0.08%
	EQR	D	0.05%	0.05%	0.05%
	EQT	B	0.04%	0.05%	0.04%
	ERIE	D	0.01%	0.02%	0.01%
	ES	D	0.08%	0.05%	0.05%
	ESS	C	0.03%	0.04%	0.03%
	ETN	A	0.21%	0.27%	0.21%
	ETR	B	0.1%	0.07%	0.07%
	EVRG	B	0.07%	0.03%	0.03%
	EW	F	0.04%	0.08%	0.04%
	EXC	D	0.17%	0.08%	0.08%
	EXPD	D	0.04%	0.03%	0.03%
	EXPE	B	0.03%	0.04%	0.03%
	EXR	D	0.03%	0.07%	0.03%
	F	D	0.31%	0.08%	0.08%
	FANG	D	0.05%	0.07%	0.05%
	FAST	B	0.07%	0.09%	0.07%
	FCX	C	0.14%	0.13%	0.13%
	FDS	B	0.01%	0.04%	0.01%
	FDX	B	0.28%	0.13%	0.13%
	FE	D	0.09%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	B	0.11%	0.24%	0.11%
	FICO	B	0.02%	0.1%	0.02%
	FIS	C	0.11%	0.1%	0.1%
	FITB	B	0.11%	0.06%	0.06%
	FMC	D	0.03%	0.02%	0.02%
	FOXA	B	0.08%	0.02%	0.02%
	FRT	C	0.02%	0.02%	0.02%
	FSLR	F	0.02%	0.04%	0.02%
	FTNT	A	0.03%	0.1%	0.03%
	FTV	F	0.03%	0.05%	0.03%
	GD	B	0.2%	0.16%	0.16%
	GDDY	A	0.02%	0.05%	0.02%
	GE	C	0.15%	0.39%	0.15%
	GEHC	D	0.1%	0.08%	0.08%
	GEN	B	0.04%	0.03%	0.03%
	GEV	A	0.03%	0.17%	0.03%
	GILD	B	0.33%	0.23%	0.23%
	GIS	F	0.12%	0.08%	0.08%
	GL	C	0.03%	0.02%	0.02%
	GLW	B	0.13%	0.08%	0.08%
	GM	B	0.63%	0.12%	0.12%
	GNRC	A	0.02%	0.02%	0.02%
	GOOG	B	1.0%	1.71%	1.0%
	GOOGL	B	1.16%	2.07%	1.16%
	GPC	F	0.05%	0.03%	0.03%
	GPN	C	0.07%	0.05%	0.05%
	GRMN	B	0.02%	0.06%	0.02%
	GS	B	0.52%	0.34%	0.34%
	GWW	A	0.07%	0.1%	0.07%
	HAL	D	0.06%	0.05%	0.05%
	HAS	D	0.03%	0.02%	0.02%
	HBAN	B	0.06%	0.05%	0.05%
	HCA	D	0.23%	0.14%	0.14%
	HD	B	0.77%	0.81%	0.77%
	HES	C	0.05%	0.08%	0.05%
	HIG	C	0.14%	0.07%	0.07%
	HII	F	0.04%	0.02%	0.02%
	HLT	A	0.06%	0.12%	0.06%
	HOLX	D	0.04%	0.04%	0.04%
	HON	B	0.33%	0.28%	0.28%
	HPE	B	0.19%	0.05%	0.05%
	HPQ	B	0.2%	0.07%	0.07%
	HRL	F	0.03%	0.02%	0.02%
	HSIC	F	0.04%	0.02%	0.02%
	HST	C	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.05%	0.04%
	HUBB	B	0.03%	0.05%	0.03%
	HUM	F	0.17%	0.06%	0.06%
	HWM	B	0.06%	0.08%	0.06%
	IBM	D	0.57%	0.39%	0.39%
	ICE	D	0.11%	0.19%	0.11%
	IDXX	F	0.02%	0.07%	0.02%
	IEX	B	0.02%	0.03%	0.02%
	IFF	F	0.05%	0.05%	0.05%
	INCY	A	0.01%	0.02%	0.01%
	INTC	C	0.75%	0.19%	0.19%
	INTU	A	0.09%	0.35%	0.09%
	INVH	D	0.02%	0.04%	0.02%
	IP	B	0.13%	0.04%	0.04%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.07%	0.07%	0.07%
	IR	B	0.03%	0.08%	0.03%
	IRM	C	0.06%	0.07%	0.06%
	ISRG	A	0.07%	0.37%	0.07%
	IT	B	0.03%	0.08%	0.03%
	ITW	B	0.14%	0.15%	0.14%
	IVZ	B	0.05%	0.02%	0.02%
	J	C	0.05%	0.04%	0.04%
	JBHT	B	0.04%	0.03%	0.03%
	JBL	C	0.06%	0.03%	0.03%
	JCI	A	0.14%	0.1%	0.1%
	JKHY	C	0.02%	0.03%	0.02%
	JNJ	D	0.91%	0.8%	0.8%
	JNPR	C	0.05%	0.03%	0.03%
	JPM	B	1.77%	1.31%	1.31%
	K	A	0.06%	0.04%	0.04%
	KDP	F	0.07%	0.08%	0.07%
	KEY	B	0.09%	0.03%	0.03%
	KEYS	A	0.04%	0.05%	0.04%
	KHC	F	0.1%	0.06%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	B	0.1%	0.19%	0.1%
	KLAC	F	0.08%	0.19%	0.08%
	KMB	D	0.1%	0.09%	0.09%
	KMI	A	0.2%	0.1%	0.1%
	KMX	F	0.06%	0.02%	0.02%
	KO	D	0.37%	0.52%	0.37%
	KR	A	0.27%	0.08%	0.08%
	KVUE	A	0.05%	0.09%	0.05%
	L	A	0.05%	0.03%	0.03%
	LDOS	A	0.07%	0.05%	0.05%
	LEN	D	0.17%	0.09%	0.09%
	LH	A	0.08%	0.04%	0.04%
	LHX	A	0.15%	0.1%	0.1%
	LIN	D	0.33%	0.45%	0.33%
	LKQ	F	0.05%	0.02%	0.02%
	LLY	D	0.22%	1.35%	0.22%
	LMT	D	0.39%	0.24%	0.24%
	LNT	D	0.04%	0.03%	0.03%
	LOW	B	0.42%	0.31%	0.31%
	LRCX	D	0.14%	0.2%	0.14%
	LULU	D	0.01%	0.07%	0.01%
	LUV	B	0.02%	0.04%	0.02%
	LVS	C	0.04%	0.04%	0.04%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.14%	0.05%	0.05%
	LYV	B	0.0%	0.04%	0.0%
	MA	A	0.26%	0.85%	0.26%
	MAA	C	0.03%	0.04%	0.03%
	MAR	A	0.08%	0.13%	0.08%
	MAS	D	0.05%	0.04%	0.04%
	MCD	D	0.34%	0.43%	0.34%
	MCHP	F	0.05%	0.08%	0.05%
	MCK	B	0.08%	0.13%	0.08%
	MCO	C	0.07%	0.15%	0.07%
	MDLZ	F	0.2%	0.19%	0.19%
	MDT	C	0.16%	0.24%	0.16%
	MET	C	0.25%	0.1%	0.1%
	META	B	1.67%	2.56%	1.67%
	MGM	F	0.06%	0.02%	0.02%
	MHK	D	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.04%	0.03%
	MKTX	C	0.01%	0.02%	0.01%
	MLM	B	0.04%	0.07%	0.04%
	MMC	C	0.13%	0.22%	0.13%
	MMM	C	0.34%	0.15%	0.15%
	MNST	B	0.04%	0.08%	0.04%
	MO	B	0.31%	0.19%	0.19%
	MOH	F	0.04%	0.04%	0.04%
	MOS	C	0.06%	0.02%	0.02%
	MPC	F	0.37%	0.1%	0.1%
	MPWR	F	0.01%	0.08%	0.01%
	MRK	F	0.44%	0.54%	0.44%
	MRNA	F	0.03%	0.04%	0.03%
	MRO	B	0.07%	0.03%	0.03%
	MS	B	0.39%	0.3%	0.3%
	MSCI	B	0.03%	0.09%	0.03%
	MSFT	C	2.23%	6.25%	2.23%
	MSI	A	0.06%	0.16%	0.06%
	MTB	B	0.09%	0.07%	0.07%
	MTCH	F	0.01%	0.02%	0.01%
	MTD	F	0.03%	0.06%	0.03%
	MU	C	0.4%	0.23%	0.23%
	NDAQ	B	0.03%	0.06%	0.03%
	NDSN	C	0.02%	0.03%	0.02%
	NEE	D	0.25%	0.34%	0.25%
	NEM	D	0.17%	0.11%	0.11%
	NFLX	A	0.13%	0.67%	0.13%
	NI	A	0.04%	0.03%	0.03%
	NKE	F	0.19%	0.19%	0.19%
	NOC	C	0.19%	0.15%	0.15%
	NOW	B	0.02%	0.4%	0.02%
	NRG	B	0.09%	0.04%	0.04%
	NSC	B	0.18%	0.12%	0.12%
	NTAP	C	0.07%	0.05%	0.05%
	NTRS	B	0.06%	0.04%	0.04%
	NUE	C	0.2%	0.07%	0.07%
	NVDA	B	0.35%	6.75%	0.35%
	NVR	D	0.07%	0.06%	0.06%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	D	0.05%	0.12%	0.05%
	O	D	0.04%	0.11%	0.04%
	ODFL	B	0.05%	0.08%	0.05%
	OKE	A	0.12%	0.12%	0.12%
	OMC	B	0.07%	0.04%	0.04%
	ON	D	0.04%	0.06%	0.04%
	ORCL	A	0.44%	0.55%	0.44%
	ORLY	B	0.1%	0.14%	0.1%
	OTIS	B	0.05%	0.08%	0.05%
	OXY	F	0.1%	0.07%	0.07%
	PANW	A	0.03%	0.24%	0.03%
	PARA	C	0.09%	0.01%	0.01%
	PAYC	B	0.01%	0.02%	0.01%
	PAYX	A	0.06%	0.09%	0.06%
	PCAR	B	0.13%	0.11%	0.11%
	PCG	B	0.03%	0.09%	0.03%
	PEG	D	0.1%	0.09%	0.09%
	PEP	F	0.41%	0.47%	0.41%
	PFE	F	0.72%	0.33%	0.33%
	PFG	C	0.09%	0.04%	0.04%
	PG	D	0.74%	0.8%	0.74%
	PGR	B	0.21%	0.29%	0.21%
	PH	B	0.11%	0.17%	0.11%
	PHM	D	0.12%	0.06%	0.06%
	PKG	B	0.06%	0.04%	0.04%
	PLD	F	0.07%	0.22%	0.07%
	PLTR	A	0.01%	0.17%	0.01%
	PM	C	0.42%	0.43%	0.42%
	PNC	A	0.26%	0.15%	0.15%
	PNR	B	0.03%	0.03%	0.03%
	PNW	B	0.04%	0.02%	0.02%
	PODD	B	0.0%	0.03%	0.0%
	POOL	B	0.02%	0.03%	0.02%
	PPG	F	0.08%	0.06%	0.06%
	PPL	B	0.1%	0.05%	0.05%
	PRU	C	0.21%	0.09%	0.09%
	PSA	D	0.05%	0.11%	0.05%
	PSX	F	0.34%	0.11%	0.11%
	PTC	B	0.01%	0.05%	0.01%
	PWR	A	0.06%	0.09%	0.06%
	PYPL	A	0.19%	0.17%	0.17%
	QCOM	C	0.42%	0.38%	0.38%
	QRVO	F	0.04%	0.01%	0.01%
	RCL	B	0.03%	0.1%	0.03%
	REG	B	0.02%	0.02%	0.02%
	REGN	F	0.12%	0.18%	0.12%
	RF	B	0.07%	0.05%	0.05%
	RJF	B	0.04%	0.06%	0.04%
	RL	B	0.03%	0.02%	0.02%
	RMD	B	0.03%	0.07%	0.03%
	ROK	B	0.05%	0.06%	0.05%
	ROL	C	0.01%	0.03%	0.01%
	ROP	B	0.05%	0.12%	0.05%
	ROST	D	0.07%	0.1%	0.07%
	RSG	B	0.06%	0.08%	0.06%
	RTX	C	0.33%	0.33%	0.33%
	RVTY	B	0.03%	0.03%	0.03%
	SBAC	D	0.02%	0.05%	0.02%
	SBUX	B	0.26%	0.23%	0.23%
	SCHW	B	0.11%	0.22%	0.11%
	SHW	B	0.08%	0.17%	0.08%
	SJM	D	0.06%	0.02%	0.02%
	SLB	D	0.11%	0.12%	0.11%
	SMCI	F	0.01%	0.03%	0.01%
	SNA	A	0.05%	0.04%	0.04%
	SNPS	B	0.03%	0.16%	0.03%
	SO	D	0.26%	0.21%	0.21%
	SOLV	C	0.03%	0.02%	0.02%
	SPG	A	0.1%	0.11%	0.1%
	SPGI	D	0.14%	0.32%	0.14%
	SRE	A	0.12%	0.11%	0.11%
	STE	F	0.03%	0.05%	0.03%
	STLD	B	0.1%	0.04%	0.04%
	STT	B	0.09%	0.06%	0.06%
	STX	D	0.09%	0.04%	0.04%
	STZ	F	0.07%	0.08%	0.07%
	SW	B	0.07%	0.05%	0.05%
	SWK	F	0.08%	0.03%	0.03%
	SWKS	F	0.04%	0.03%	0.03%
	SYF	B	0.28%	0.05%	0.05%
	SYK	A	0.11%	0.25%	0.11%
	SYY	C	0.09%	0.08%	0.08%
	T	B	1.16%	0.33%	0.33%
	TAP	C	0.05%	0.02%	0.02%
	TDG	C	0.07%	0.15%	0.07%
	TDY	A	0.02%	0.04%	0.02%
	TECH	B	0.01%	0.02%	0.01%
	TER	F	0.04%	0.04%	0.04%
	TFC	B	0.2%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.36%	0.14%	0.14%
	TJX	C	0.2%	0.26%	0.2%
	TMO	F	0.26%	0.43%	0.26%
	TMUS	A	0.22%	0.23%	0.22%
	TPR	A	0.04%	0.02%	0.02%
	TRGP	A	0.06%	0.08%	0.06%
	TRMB	A	0.03%	0.03%	0.03%
	TROW	B	0.11%	0.05%	0.05%
	TRV	B	0.3%	0.12%	0.12%
	TSCO	C	0.06%	0.06%	0.06%
	TSLA	B	0.18%	1.43%	0.18%
	TSN	D	0.17%	0.03%	0.03%
	TT	A	0.06%	0.17%	0.06%
	TTWO	B	0.02%	0.05%	0.02%
	TXN	A	0.31%	0.38%	0.31%
	TXT	D	0.06%	0.03%	0.03%
	TYL	B	0.01%	0.05%	0.01%
	UAL	A	0.02%	0.05%	0.02%
	UBER	F	0.04%	0.31%	0.04%
	UDR	C	0.02%	0.03%	0.02%
	UHS	D	0.09%	0.03%	0.03%
	ULTA	C	0.03%	0.04%	0.03%
	UNH	B	1.09%	1.08%	1.08%
	UNP	D	0.34%	0.29%	0.29%
	UPS	D	0.27%	0.2%	0.2%
	URI	B	0.12%	0.11%	0.11%
	USB	B	0.3%	0.16%	0.16%
	V	B	0.32%	1.0%	0.32%
	VICI	D	0.02%	0.07%	0.02%
	VLO	D	0.35%	0.09%	0.09%
	VLTO	D	0.02%	0.05%	0.02%
	VMC	B	0.04%	0.07%	0.04%
	VRSK	A	0.04%	0.08%	0.04%
	VRSN	D	0.02%	0.03%	0.02%
	VRTX	A	0.07%	0.25%	0.07%
	VST	B	0.13%	0.09%	0.09%
	VTR	B	0.07%	0.06%	0.06%
	VTRS	B	0.09%	0.03%	0.03%
	VZ	D	1.14%	0.37%	0.37%
	WAB	A	0.06%	0.07%	0.06%
	WAT	B	0.03%	0.04%	0.03%
	WBA	F	0.19%	0.01%	0.01%
	WBD	C	0.06%	0.04%	0.04%
	WDC	C	0.12%	0.04%	0.04%
	WEC	B	0.08%	0.06%	0.06%
	WELL	B	0.09%	0.16%	0.09%
	WFC	B	1.12%	0.46%	0.46%
	WM	B	0.14%	0.16%	0.14%
	WMB	B	0.15%	0.13%	0.13%
	WMT	A	1.32%	0.74%	0.74%
	WRB	B	0.03%	0.04%	0.03%
	WST	C	0.02%	0.05%	0.02%
	WTW	B	0.06%	0.06%	0.06%
	WY	D	0.09%	0.05%	0.05%
	WYNN	D	0.01%	0.02%	0.01%
	XEL	B	0.11%	0.08%	0.08%
	XOM	B	1.87%	1.07%	1.07%
	XYL	F	0.03%	0.06%	0.03%
	YUM	C	0.07%	0.08%	0.07%
	ZBH	C	0.04%	0.05%	0.04%
	ZBRA	B	0.03%	0.04%	0.03%
	ZTS	F	0.07%	0.17%	0.07%

FNDB Overweight 1175 Positions Relative to SPLG

	Symbol	Grade	Weight
	LUMN	B	0.43%
	ALLY	C	0.09%
	RS	B	0.08%
	JLL	C	0.08%
	ARW	F	0.08%
	WKC	D	0.08%
	THC	B	0.07%
	WHR	B	0.07%
	USFD	B	0.07%
	X	C	0.07%
	AVT	B	0.07%
	CMA	B	0.06%
	PFGC	B	0.06%
	LAD	B	0.06%
	SIRI	D	0.06%
	OC	B	0.06%
	VFC	B	0.06%
	R	A	0.06%
	FNF	C	0.06%
	KSS	F	0.06%
	EQH	B	0.05%
	DXC	C	0.05%
	CASY	B	0.05%
	CSL	C	0.05%
	AN	D	0.05%
	BFH	B	0.05%
	OGN	F	0.05%
	ZION	B	0.05%
	OVV	D	0.05%
	JEF	B	0.05%
	UNM	B	0.05%
	LNC	B	0.05%
	OMF	A	0.05%
	LNG	A	0.05%
	DINO	F	0.05%
	LEA	F	0.05%
	TOL	B	0.05%
	EME	B	0.05%
	FLEX	A	0.05%
	AA	B	0.05%
	M	C	0.05%
	CLF	D	0.04%
	SLM	B	0.04%
	WCC	B	0.04%
	OLN	F	0.04%
	UFPI	C	0.04%
	RGA	B	0.04%
	AMG	C	0.04%
	MUSA	C	0.04%
	TMHC	A	0.04%
	FYBR	C	0.04%
	MRVL	B	0.04%
	AYI	A	0.04%
	CRBG	C	0.04%
	KNX	B	0.04%
	HUN	F	0.04%
	DOX	A	0.04%
	CCK	C	0.04%
	PVH	C	0.04%
	EVR	B	0.04%
	FBIN	D	0.04%
	INGR	B	0.04%
	TDS	B	0.04%
	FAF	D	0.04%
	DKS	D	0.04%
	ALSN	A	0.04%
	SFM	A	0.04%
	JXN	B	0.04%
	MKL	B	0.04%
	KD	B	0.04%
	BERY	C	0.04%
	THO	C	0.04%
	ACM	B	0.04%
	AFG	B	0.04%
	GPI	B	0.04%
	VNO	A	0.04%
	ORI	B	0.04%
	MAN	F	0.04%
	WSM	F	0.04%
	UGI	D	0.04%
	LII	A	0.03%
	ITT	A	0.03%
	CW	A	0.03%
	ILMN	B	0.03%
	BBWI	D	0.03%
	MLI	B	0.03%
	JHG	A	0.03%
	TRU	C	0.03%
	FHN	B	0.03%
	EWBC	B	0.03%
	SAIC	B	0.03%
	BC	C	0.03%
	OGE	A	0.03%
	ANF	C	0.03%
	NWL	B	0.03%
	FLR	C	0.03%
	KBH	C	0.03%
	SANM	B	0.03%
	SNX	B	0.03%
	ARMK	B	0.03%
	TPH	D	0.03%
	VOYA	B	0.03%
	ZIM	B	0.03%
	CIEN	A	0.03%
	CPRI	F	0.03%
	MTZ	A	0.03%
	CMC	B	0.03%
	GPK	C	0.03%
	RRX	B	0.03%
	GNW	C	0.03%
	FL	F	0.03%
	SLG	B	0.03%
	HBI	B	0.03%
	WSO	B	0.03%
	LPX	B	0.03%
	CG	B	0.03%
	CACI	B	0.03%
	AGCO	D	0.03%
	NXST	C	0.03%
	SATS	C	0.03%
	LPLA	A	0.03%
	OSK	B	0.03%
	BAH	B	0.03%
	APO	B	0.03%
	MTH	D	0.03%
	CNO	B	0.03%
	WU	F	0.03%
	GT	C	0.03%
	RHI	C	0.03%
	GAP	C	0.03%
	PBF	F	0.03%
	BCC	B	0.03%
	RPM	B	0.03%
	SSNC	C	0.03%
	VAC	B	0.02%
	GVA	A	0.02%
	Z	B	0.02%
	GHC	A	0.02%
	CALM	B	0.02%
	AGNC	D	0.02%
	AWI	A	0.02%
	PB	B	0.02%
	COHR	B	0.02%
	MSM	C	0.02%
	CCS	D	0.02%
	UNIT	B	0.02%
	DBX	C	0.02%
	DEI	B	0.02%
	MKSI	D	0.02%
	MATX	B	0.02%
	VSCO	B	0.02%
	SPB	C	0.02%
	HRI	B	0.02%
	COOP	A	0.02%
	RXO	B	0.02%
	WLK	F	0.02%
	AVNT	B	0.02%
	VRT	A	0.02%
	DBRG	F	0.02%
	PLXS	B	0.02%
	FCN	F	0.02%
	VMI	B	0.02%
	SCCO	D	0.02%
	WTRG	B	0.02%
	ADNT	F	0.02%
	FLO	F	0.02%
	WERN	B	0.02%
	XPO	B	0.02%
	CBT	B	0.02%
	ALK	B	0.02%
	BKH	C	0.02%
	SMG	D	0.02%
	HEI	C	0.02%
	HIW	B	0.02%
	MIDD	C	0.02%
	WBS	B	0.02%
	KRC	B	0.02%
	JAZZ	B	0.02%
	FIX	A	0.02%
	XRAY	F	0.02%
	SIG	C	0.02%
	TTEK	C	0.02%
	AER	B	0.02%
	UAA	C	0.02%
	CRS	B	0.02%
	AL	B	0.02%
	MMS	C	0.02%
	CRI	F	0.02%
	DAN	F	0.02%
	MPW	D	0.02%
	CHE	F	0.02%
	BPOP	D	0.02%
	AIT	A	0.02%
	TPX	C	0.02%
	HUBG	B	0.02%
	AEO	F	0.02%
	WWD	B	0.02%
	CRUS	F	0.02%
	POR	D	0.02%
	GME	C	0.02%
	ODP	F	0.02%
	TNL	A	0.02%
	TTC	D	0.02%
	GEO	B	0.02%
	BLD	F	0.02%
	SWX	B	0.02%
	BWXT	B	0.02%
	SM	C	0.02%
	OI	D	0.02%
	SLVM	A	0.02%
	PENN	C	0.02%
	LECO	C	0.02%
	RDN	D	0.02%
	LEG	F	0.02%
	KMPR	A	0.02%
	COIN	B	0.02%
	CCEP	D	0.02%
	PRG	C	0.02%
	LILAK	F	0.02%
	DY	C	0.02%
	HCC	A	0.02%
	TXRH	B	0.02%
	NAVI	F	0.02%
	UHAL	B	0.02%
	NFG	C	0.02%
	GLPI	D	0.02%
	TKR	F	0.02%
	MUR	F	0.02%
	GGG	C	0.02%
	KBR	A	0.02%
	WPC	D	0.02%
	CHKP	D	0.02%
	OHI	B	0.02%
	FLS	A	0.02%
	BKU	B	0.02%
	NOV	D	0.02%
	PAG	C	0.02%
	MAC	B	0.02%
	CLH	B	0.02%
	POST	D	0.02%
	FTI	B	0.02%
	BECN	B	0.02%
	REZI	A	0.02%
	ASGN	B	0.02%
	SF	B	0.02%
	RUSHA	B	0.02%
	DCI	A	0.02%
	FCNCA	B	0.02%
	ASO	F	0.02%
	MHO	C	0.02%
	STWD	D	0.02%
	DAR	C	0.02%
	WAL	B	0.02%
	PK	C	0.02%
	AXTA	A	0.02%
	SKX	F	0.02%
	ST	F	0.02%
	GXO	C	0.02%
	BRX	A	0.02%
	ABM	B	0.02%
	TGNA	B	0.02%
	CAR	D	0.02%
	NVT	B	0.02%
	HRB	D	0.02%
	CC	C	0.02%
	JWN	C	0.02%
	AR	C	0.02%
	G	B	0.02%
	CNH	D	0.02%
	ATR	B	0.02%
	SCI	A	0.02%
	UTHR	B	0.02%
	LAMR	C	0.02%
	BJ	B	0.02%
	SQ	C	0.02%
	EHC	B	0.02%
	THG	A	0.02%
	HOG	F	0.02%
	MDU	F	0.02%
	PRI	A	0.02%
	XRX	F	0.02%
	BAP	B	0.02%
	EXP	B	0.02%
	MTG	D	0.02%
	BTU	B	0.02%
	PII	F	0.02%
	ABG	B	0.02%
	ACI	C	0.02%
	LSTR	C	0.02%
	SUI	F	0.02%
	CNX	B	0.02%
	SEE	C	0.02%
	AAP	F	0.02%
	NSIT	F	0.02%
	AVTR	F	0.02%
	SNV	B	0.02%
	SON	F	0.02%
	SEIC	B	0.02%
	GNTX	D	0.02%
	BURL	C	0.02%
	PLAB	C	0.01%
	OII	B	0.01%
	NSA	D	0.01%
	MODG	F	0.01%
	GOLF	B	0.01%
	MTRN	C	0.01%
	NX	C	0.01%
	PRK	B	0.01%
	CASH	B	0.01%
	OPEN	F	0.01%
	CBZ	B	0.01%
	ROG	C	0.01%
	CDE	C	0.01%
	LADR	C	0.01%
	PRDO	B	0.01%
	JJSF	B	0.01%
	YETI	F	0.01%
	RNG	B	0.01%
	AMRK	F	0.01%
	TTD	B	0.01%
	KFRC	D	0.01%
	ESE	B	0.01%
	ADC	B	0.01%
	CSGS	B	0.01%
	NBTB	B	0.01%
	NMIH	D	0.01%
	CVI	F	0.01%
	UCTT	D	0.01%
	VSAT	F	0.01%
	CSWI	A	0.01%
	HWKN	C	0.01%
	WNC	D	0.01%
	KN	B	0.01%
	LBRDK	B	0.01%
	RRR	F	0.01%
	REXR	F	0.01%
	LRN	B	0.01%
	AZEK	B	0.01%
	MGRC	B	0.01%
	CNS	B	0.01%
	GO	D	0.01%
	ALIT	D	0.01%
	NWBI	B	0.01%
	BKD	F	0.01%
	RAMP	C	0.01%
	KLG	C	0.01%
	NSP	F	0.01%
	ROCK	C	0.01%
	EXPO	D	0.01%
	AAON	B	0.01%
	KW	B	0.01%
	HAE	B	0.01%
	TOWN	C	0.01%
	ARI	D	0.01%
	FFIN	B	0.01%
	CXT	D	0.01%
	INDB	B	0.01%
	SAFT	C	0.01%
	GNL	D	0.01%
	NWN	B	0.01%
	CCOI	B	0.01%
	BDN	C	0.01%
	MGEE	A	0.01%
	RBC	A	0.01%
	WOR	D	0.01%
	AKR	B	0.01%
	SYNA	D	0.01%
	CWT	D	0.01%
	REVG	B	0.01%
	FTDR	A	0.01%
	AIN	D	0.01%
	DOLE	B	0.01%
	STRA	D	0.01%
	BMRN	F	0.01%
	KOS	F	0.01%
	ONTO	F	0.01%
	CENTA	D	0.01%
	LXP	D	0.01%
	EIG	B	0.01%
	ORA	B	0.01%
	RHP	B	0.01%
	ALEX	B	0.01%
	NHI	C	0.01%
	BLMN	F	0.01%
	BCPC	B	0.01%
	PBI	C	0.01%
	GFF	C	0.01%
	IBTX	B	0.01%
	ATI	D	0.01%
	FRME	B	0.01%
	OLED	F	0.01%
	KELYA	F	0.01%
	MMSI	A	0.01%
	POWI	C	0.01%
	CORT	B	0.01%
	EGP	D	0.01%
	PRIM	A	0.01%
	IRDM	C	0.01%
	CNXN	C	0.01%
	PMT	D	0.01%
	WSFS	B	0.01%
	AX	B	0.01%
	CWEN	D	0.01%
	SASR	B	0.01%
	IBKR	B	0.01%
	NGVT	C	0.01%
	HOMB	B	0.01%
	NTCT	B	0.01%
	NPO	C	0.01%
	ABR	B	0.01%
	MGY	A	0.01%
	HTLF	B	0.01%
	JACK	D	0.01%
	UCB	B	0.01%
	WSBC	B	0.01%
	ENR	B	0.01%
	VC	F	0.01%
	OSIS	C	0.01%
	BXC	B	0.01%
	HI	C	0.01%
	BKE	B	0.01%
	ENOV	C	0.01%
	TW	B	0.01%
	MYRG	C	0.01%
	NHC	C	0.01%
	MSA	D	0.01%
	AM	B	0.01%
	KALU	C	0.01%
	OTTR	D	0.01%
	SAM	C	0.01%
	CVBF	B	0.01%
	VIAV	B	0.01%
	ESRT	C	0.01%
	AZZ	B	0.01%
	SCSC	C	0.01%
	WWW	A	0.01%
	ROKU	C	0.01%
	ICFI	B	0.01%
	PFS	B	0.01%
	SHO	B	0.01%
	SSB	B	0.01%
	HL	D	0.01%
	PBH	B	0.01%
	COMP	B	0.01%
	PDM	B	0.01%
	PINS	D	0.01%
	BRKR	F	0.01%
	STRL	A	0.01%
	UE	A	0.01%
	FFBC	B	0.01%
	DDS	C	0.01%
	KRG	B	0.01%
	CBU	B	0.01%
	LANC	B	0.01%
	WSC	C	0.01%
	FHI	B	0.01%
	HGV	C	0.01%
	HLF	C	0.01%
	HEES	B	0.01%
	EPC	D	0.01%
	TRMK	B	0.01%
	AEIS	B	0.01%
	SKT	B	0.01%
	PLNT	B	0.01%
	CPNG	C	0.01%
	IBOC	B	0.01%
	JBT	B	0.01%
	FIVE	F	0.01%
	PECO	B	0.01%
	FN	B	0.01%
	HTH	C	0.01%
	FIBK	B	0.01%
	CIVI	D	0.01%
	PSN	B	0.01%
	DORM	B	0.01%
	RLJ	D	0.01%
	XHR	B	0.01%
	PPBI	B	0.01%
	BOKF	B	0.01%
	RLI	A	0.01%
	CHX	D	0.01%
	WDAY	C	0.01%
	TREX	C	0.01%
	MORN	A	0.01%
	BANR	B	0.01%
	AXS	A	0.01%
	IDCC	A	0.01%
	TNET	F	0.01%
	FR	D	0.01%
	CVLT	A	0.01%
	ECPG	B	0.01%
	ETSY	D	0.01%
	SMTC	A	0.01%
	CABO	C	0.01%
	STAG	D	0.01%
	AIR	C	0.01%
	IBP	F	0.01%
	IOSP	B	0.01%
	RIG	D	0.01%
	FSS	C	0.01%
	CHRD	F	0.01%
	OPCH	F	0.01%
	RYI	C	0.01%
	MANH	C	0.01%
	BGC	A	0.01%
	ITRI	A	0.01%
	AMR	C	0.01%
	KAR	B	0.01%
	HOPE	B	0.01%
	DNB	B	0.01%
	MWA	A	0.01%
	RRC	C	0.01%
	FULT	B	0.01%
	IPGP	C	0.01%
	UPBD	C	0.01%
	BOH	B	0.01%
	DRH	B	0.01%
	DIOD	D	0.01%
	APG	B	0.01%
	SNDR	A	0.01%
	CNM	D	0.01%
	HPP	F	0.01%
	SAH	B	0.01%
	ATKR	D	0.01%
	ITGR	B	0.01%
	EXLS	A	0.01%
	LBRT	F	0.01%
	SPTN	F	0.01%
	FELE	C	0.01%
	BOOT	D	0.01%
	ABCB	B	0.01%
	SCL	C	0.01%
	NMRK	B	0.01%
	CNK	B	0.01%
	HELE	D	0.01%
	AMN	F	0.01%
	AMED	C	0.01%
	SVC	F	0.01%
	PPC	B	0.01%
	AROC	B	0.01%
	VSTO	B	0.01%
	MCY	A	0.01%
	IAC	C	0.01%
	COMM	D	0.01%
	DNOW	C	0.01%
	CEIX	B	0.01%
	DLB	C	0.01%
	APOG	A	0.01%
	ZD	C	0.01%
	IGT	D	0.01%
	SLGN	B	0.01%
	TWLO	A	0.01%
	WTS	C	0.01%
	PRGO	D	0.01%
	CVCO	A	0.01%
	FND	F	0.01%
	NEU	D	0.01%
	GMED	B	0.01%
	TCBI	B	0.01%
	YELP	C	0.01%
	BFAM	F	0.01%
	ENSG	C	0.01%
	COKE	D	0.01%
	H	C	0.01%
	WEN	C	0.01%
	HTZ	D	0.01%
	ICLR	F	0.01%
	TPG	B	0.01%
	ICUI	C	0.01%
	PLUS	C	0.01%
	MASI	B	0.01%
	CDP	C	0.01%
	RNR	B	0.01%
	RGLD	B	0.01%
	KTB	A	0.01%
	GTES	B	0.01%
	CGNX	C	0.01%
	APP	B	0.01%
	JBGS	D	0.01%
	AMWD	B	0.01%
	BXMT	B	0.01%
	AGR	C	0.01%
	RYN	D	0.01%
	TPL	B	0.01%
	LAUR	B	0.01%
	LZB	C	0.01%
	ARES	B	0.01%
	CHDN	B	0.01%
	UVV	C	0.01%
	ACHC	F	0.01%
	MLKN	F	0.01%
	GBCI	B	0.01%
	MTX	B	0.01%
	UMBF	B	0.01%
	SUM	B	0.01%
	VNT	B	0.01%
	SXT	B	0.01%
	APAM	B	0.01%
	CBRL	D	0.01%
	EPR	D	0.01%
	VYX	C	0.01%
	PHIN	B	0.01%
	WEX	F	0.01%
	VEEV	B	0.01%
	SCS	C	0.01%
	TDC	D	0.01%
	CATY	B	0.01%
	MTDR	C	0.01%
	WMS	D	0.01%
	GEF	B	0.01%
	PTEN	D	0.01%
	WMK	B	0.01%
	HE	D	0.01%
	SFNC	B	0.01%
	EAT	B	0.01%
	OUT	C	0.01%
	WAFD	C	0.01%
	SIGI	B	0.01%
	SLAB	F	0.01%
	ESAB	B	0.01%
	AGO	B	0.01%
	ONB	B	0.01%
	PIPR	B	0.01%
	CACC	F	0.01%
	SITE	C	0.01%
	DK	F	0.01%
	DHC	F	0.01%
	EBS	C	0.01%
	SKY	C	0.01%
	AVA	D	0.01%
	CYH	D	0.01%
	OMI	F	0.01%
	TROX	F	0.01%
	OLLI	C	0.01%
	NOMD	D	0.01%
	VVV	B	0.01%
	B	B	0.01%
	APLE	B	0.01%
	THS	F	0.01%
	IMKTA	D	0.01%
	GBX	B	0.01%
	RH	B	0.01%
	NJR	C	0.01%
	DASH	A	0.01%
	ALE	A	0.01%
	LGIH	D	0.01%
	EXEL	B	0.01%
	FWRD	D	0.01%
	ATGE	B	0.01%
	UNF	B	0.01%
	ENTG	F	0.01%
	WTM	B	0.01%
	KMT	B	0.01%
	PDCO	D	0.01%
	ENVA	B	0.01%
	LNW	C	0.01%
	EEFT	C	0.01%
	CRC	B	0.01%
	MOD	C	0.01%
	PCH	F	0.01%
	UBSI	B	0.01%
	WGO	C	0.01%
	CNXC	F	0.01%
	ACIW	B	0.01%
	HXL	D	0.01%
	SPOT	B	0.01%
	NWE	D	0.01%
	NVST	C	0.01%
	BCO	D	0.01%
	URBN	D	0.01%
	SSD	C	0.01%
	BDC	B	0.01%
	ARCB	C	0.01%
	WD	B	0.01%
	COLB	B	0.01%
	ACA	B	0.01%
	COLM	C	0.01%
	FUL	D	0.01%
	ADTN	B	0.01%
	PSMT	C	0.01%
	AMH	D	0.01%
	SR	D	0.01%
	ESNT	F	0.01%
	PNM	B	0.01%
	FHB	B	0.01%
	SBRA	B	0.01%
	CBSH	A	0.01%
	JELD	F	0.01%
	SN	C	0.01%
	NNN	D	0.01%
	PINC	B	0.01%
	PFSI	D	0.01%
	VSH	F	0.01%
	VSTS	F	0.01%
	LFUS	C	0.01%
	STC	C	0.01%
	AAL	C	0.01%
	HWC	B	0.01%
	HNI	B	0.01%
	SRCL	A	0.01%
	SPR	F	0.01%
	BIO	B	0.01%
	NYT	B	0.01%
	TRN	B	0.01%
	LOPE	A	0.01%
	SBH	C	0.01%
	MC	B	0.01%
	CUBE	D	0.01%
	KEX	C	0.01%
	HLI	B	0.01%
	COLD	F	0.01%
	CXW	B	0.01%
	CROX	F	0.01%
	VLY	B	0.01%
	JBLU	C	0.01%
	ZM	A	0.01%
	ESI	B	0.01%
	MAT	C	0.01%
	MTN	D	0.01%
	ASH	F	0.01%
	ELAN	D	0.01%
	ASB	B	0.01%
	RPRX	F	0.01%
	WH	A	0.01%
	IDA	A	0.01%
	KNF	B	0.01%
	OZK	B	0.01%
	BYD	A	0.01%
	OGS	C	0.01%
	GATX	B	0.01%
	TTMI	A	0.01%
	UNFI	B	0.01%
	CUZ	B	0.01%
	SHOO	D	0.01%
	FDP	B	0.01%
	PATK	D	0.01%
	TEX	C	0.01%
	KFY	B	0.01%
	ARCH	B	0.01%
	QRTEA	F	0.01%
	CADE	B	0.01%
	ELS	C	0.01%
	WTFC	B	0.01%
	GIII	C	0.01%
	CWK	B	0.01%
	ENS	F	0.01%
	HP	C	0.01%
	ALV	C	0.01%
	SAIA	C	0.01%
	LCII	D	0.01%
	FNB	B	0.01%
	AMKR	F	0.01%
	LITE	B	0.01%
	GMS	B	0.01%
	CFR	B	0.01%
	ANDE	D	0.01%
	SKYW	B	0.01%
	DTM	A	0.01%
	CR	A	0.01%
	VIRT	A	0.01%
	PNFP	B	0.01%
	MOG.A	B	0.01%
	SEM	B	0.01%
	BHE	B	0.01%
	TPC	B	0.01%
	MGPI	F	0.0%
	NIC	B	0.0%
	TBBK	C	0.0%
	SEG	D	0.0%
	HOV	D	0.0%
	AMRC	F	0.0%
	AOSL	F	0.0%
	PCRX	D	0.0%
	ALGM	F	0.0%
	GIC	F	0.0%
	TWI	F	0.0%
	PKST	C	0.0%
	LESL	D	0.0%
	CRNC	D	0.0%
	GPRO	D	0.0%
	THR	F	0.0%
	GSM	F	0.0%
	KE	C	0.0%
	AMPH	D	0.0%
	MED	D	0.0%
	MOV	D	0.0%
	ONEW	C	0.0%
	PETS	C	0.0%
	TTEC	F	0.0%
	OIS	C	0.0%
	REX	C	0.0%
	CENT	D	0.0%
	SPWH	F	0.0%
	GPMT	C	0.0%
	MODV	F	0.0%
	PRM	B	0.0%
	SEDG	F	0.0%
	SNEX	B	0.0%
	AVD	D	0.0%
	BMBL	D	0.0%
	BRSP	B	0.0%
	CMTL	F	0.0%
	RILY	F	0.0%
	CRMT	F	0.0%
	HLNE	B	0.0%
	VREX	C	0.0%
	AMSF	A	0.0%
	SRI	F	0.0%
	JRVR	D	0.0%
	FLGT	F	0.0%
	SSYS	C	0.0%
	NPK	B	0.0%
	USPH	C	0.0%
	MYE	F	0.0%
	CCRN	F	0.0%
	PLCE	C	0.0%
	DENN	C	0.0%
	FIZZ	B	0.0%
	IRBT	F	0.0%
	DHIL	B	0.0%
	TITN	D	0.0%
	ATNI	F	0.0%
	KRNY	B	0.0%
	RGP	F	0.0%
	SSP	D	0.0%
	GTY	B	0.0%
	CSR	B	0.0%
	GNK	D	0.0%
	CSV	B	0.0%
	AMBC	C	0.0%
	ARKO	D	0.0%
	FLWS	C	0.0%
	PLOW	D	0.0%
	SRCE	B	0.0%
	MEI	F	0.0%
	CCSI	B	0.0%
	CLDT	C	0.0%
	OPK	C	0.0%
	DIN	C	0.0%
	UFCS	B	0.0%
	IRWD	D	0.0%
	OPI	F	0.0%
	CTRN	D	0.0%
	HAFC	B	0.0%
	TPIC	F	0.0%
	CMP	D	0.0%
	CNOB	B	0.0%
	ARCO	F	0.0%
	WOW	B	0.0%
	TMP	B	0.0%
	BJRI	C	0.0%
	EVRI	A	0.0%
	AGM	B	0.0%
	AVO	B	0.0%
	WASH	B	0.0%
	RYAM	B	0.0%
	BRY	F	0.0%
	ALKS	C	0.0%
	SHYF	C	0.0%
	TEN	F	0.0%
	GDEN	C	0.0%
	EDR	C	0.0%
	DCO	C	0.0%
	WABC	B	0.0%
	MATW	C	0.0%
	WMG	B	0.0%
	KREF	D	0.0%
	ALTO	F	0.0%
	CLB	C	0.0%
	ZEUS	D	0.0%
	DAC	D	0.0%
	CRAI	B	0.0%
	MTUS	C	0.0%
	DBI	F	0.0%
	MTW	C	0.0%
	MERC	C	0.0%
	HASI	F	0.0%
	SFIX	C	0.0%
	BANF	B	0.0%
	HFWA	B	0.0%
	OKTA	D	0.0%
	SSTK	D	0.0%
	PFC	B	0.0%
	RMBS	C	0.0%
	CLVT	F	0.0%
	CNNE	B	0.0%
	CLOV	D	0.0%
	SHEN	F	0.0%
	AGL	F	0.0%
	HVT	F	0.0%
	TBI	D	0.0%
	BRKL	B	0.0%
	VSEC	B	0.0%
	EBF	D	0.0%
	VIR	C	0.0%
	WTTR	B	0.0%
	WRLD	C	0.0%
	PEGA	A	0.0%
	BBSI	A	0.0%
	KNSL	D	0.0%
	RUN	F	0.0%
	AVNS	F	0.0%
	UTL	C	0.0%
	OCFC	B	0.0%
	TCBK	B	0.0%
	PRLB	B	0.0%
	STNE	F	0.0%
	AHCO	F	0.0%
	SBLK	F	0.0%
	PRVA	C	0.0%
	SBSI	B	0.0%
	HSII	A	0.0%
	USNA	C	0.0%
	VRNT	F	0.0%
	EVTC	C	0.0%
	EGBN	B	0.0%
	WOOF	D	0.0%
	SBCF	B	0.0%
	CMRE	C	0.0%
	MXL	C	0.0%
	CLW	F	0.0%
	XPRO	F	0.0%
	MP	B	0.0%
	GDOT	D	0.0%
	DXPE	B	0.0%
	CALX	F	0.0%
	SMP	C	0.0%
	ZIMV	F	0.0%
	CVGW	B	0.0%
	ETD	F	0.0%
	CFFN	B	0.0%
	CMTG	D	0.0%
	PAGS	F	0.0%
	UVE	C	0.0%
	CARS	C	0.0%
	NUS	F	0.0%
	AMC	F	0.0%
	TKO	D	0.0%
	XP	F	0.0%
	DT	C	0.0%
	VAL	F	0.0%
	CTRE	C	0.0%
	IHRT	C	0.0%
	CPF	B	0.0%
	ASTE	C	0.0%
	OFG	C	0.0%
	CBL	B	0.0%
	USM	B	0.0%
	THRY	F	0.0%
	IVT	A	0.0%
	RGR	F	0.0%
	RC	F	0.0%
	SNOW	C	0.0%
	STEP	B	0.0%
	WOLF	F	0.0%
	CPS	C	0.0%
	VCTR	B	0.0%
	RWT	D	0.0%
	SPSC	F	0.0%
	SCVL	D	0.0%
	RDNT	A	0.0%
	MNRO	B	0.0%
	IPAR	C	0.0%
	ALRM	C	0.0%
	STNG	F	0.0%
	PEN	C	0.0%
	LEVI	F	0.0%
	PRA	B	0.0%
	ILPT	F	0.0%
	TRTX	B	0.0%
	GLDD	B	0.0%
	SFBS	B	0.0%
	RGEN	F	0.0%
	SENEA	B	0.0%
	SXC	A	0.0%
	VTLE	D	0.0%
	MYGN	F	0.0%
	HMST	F	0.0%
	SGRY	D	0.0%
	ASTH	D	0.0%
	ZUMZ	D	0.0%
	PZZA	C	0.0%
	GCO	C	0.0%
	FBRT	B	0.0%
	PUMP	F	0.0%
	GLOB	B	0.0%
	CNSL	B	0.0%
	ASIX	B	0.0%
	LKFN	B	0.0%
	ACLS	F	0.0%
	DHT	F	0.0%
	WFRD	F	0.0%
	SWBI	C	0.0%
	PRAA	C	0.0%
	SNAP	C	0.0%
	RKT	D	0.0%
	HLIO	B	0.0%
	ACCO	B	0.0%
	CMPR	F	0.0%
	NOG	B	0.0%
	RDUS	C	0.0%
	ZI	C	0.0%
	UIS	B	0.0%
	CRGY	A	0.0%
	RNST	B	0.0%
	FBNC	B	0.0%
	CHCO	B	0.0%
	VRTS	B	0.0%
	LNN	B	0.0%
	RES	F	0.0%
	NVEE	D	0.0%
	TOST	B	0.0%
	AZTA	F	0.0%
	GTLS	B	0.0%
	AGRO	C	0.0%
	ICHR	C	0.0%
	INVA	B	0.0%
	PARR	F	0.0%
	NEOG	C	0.0%
	GLNG	B	0.0%
	BRBR	A	0.0%
	LTC	B	0.0%
	LSCC	C	0.0%
	INSW	F	0.0%
	NBR	C	0.0%
	SFL	F	0.0%
	LIVN	C	0.0%
	CMCO	C	0.0%
	BZH	C	0.0%
	MATV	F	0.0%
	VRE	B	0.0%
	COHU	C	0.0%
	HZO	C	0.0%
	HAYW	C	0.0%
	CNDT	C	0.0%
	AMCX	D	0.0%
	AGX	B	0.0%
	BGS	F	0.0%
	LPG	F	0.0%
	ATSG	B	0.0%
	CCO	C	0.0%
	NTB	B	0.0%
	EPAC	B	0.0%
	SUPN	B	0.0%
	CNMD	C	0.0%
	CSTM	F	0.0%
	GTN	F	0.0%
	AY	B	0.0%
	FCPT	D	0.0%
	ECVT	C	0.0%
	WING	F	0.0%
	MRC	B	0.0%
	KLIC	C	0.0%
	CODI	B	0.0%
	TSE	F	0.0%
	CTS	B	0.0%
	EPRT	C	0.0%
	JBSS	F	0.0%
	EAF	C	0.0%
	NOVT	B	0.0%
	WHD	B	0.0%
	SJW	D	0.0%
	HTLD	C	0.0%
	HCSG	B	0.0%
	NVRI	F	0.0%
	EXAS	F	0.0%
	GRBK	D	0.0%
	PTON	A	0.0%
	NTGR	A	0.0%
	EFSC	B	0.0%
	TRNO	D	0.0%
	SMPL	C	0.0%
	WDFC	B	0.0%
	GFS	C	0.0%
	CHEF	B	0.0%
	HAIN	D	0.0%
	AXL	D	0.0%
	ESGR	B	0.0%
	OXM	F	0.0%
	EMBC	C	0.0%
	ADUS	D	0.0%
	PRGS	B	0.0%
	LYFT	C	0.0%
	VRRM	F	0.0%
	KTOS	B	0.0%
	MELI	D	0.0%
	QLYS	C	0.0%
	MMI	B	0.0%
	HURN	B	0.0%
	DEA	D	0.0%
	TILE	A	0.0%
	AWR	B	0.0%
	HQY	A	0.0%
	CUBI	C	0.0%
	FBP	C	0.0%
	CWST	C	0.0%
	SONO	C	0.0%
	IART	C	0.0%
	BUSE	C	0.0%
	MD	B	0.0%
	CWH	C	0.0%
	PLAY	C	0.0%
	ELME	C	0.0%
	MRCY	B	0.0%
	TDOC	D	0.0%
	GPRE	F	0.0%
	SNBR	C	0.0%
	CRK	B	0.0%
	BLKB	C	0.0%
	TNC	F	0.0%
	FCF	B	0.0%
	ENV	C	0.0%
	NBIX	C	0.0%
	LGF.A	D	0.0%
	OEC	F	0.0%
	STBA	C	0.0%
	KOP	D	0.0%
	PSTG	C	0.0%
	MEDP	D	0.0%
	BSY	F	0.0%
	COTY	F	0.0%
	W	F	0.0%
	BSIG	B	0.0%
	FOXF	F	0.0%
	SABR	C	0.0%
	HHH	B	0.0%
	EXPI	C	0.0%
	PJT	B	0.0%
	TRIP	D	0.0%
	BMI	C	0.0%
	EYE	D	0.0%
	AAT	B	0.0%
	CAKE	B	0.0%
	GCI	B	0.0%
	KWR	D	0.0%
	CAL	F	0.0%
	AUB	B	0.0%
	SEB	F	0.0%
	HALO	C	0.0%
	MRTN	C	0.0%
	HMN	B	0.0%
	BNL	D	0.0%
	SCHL	F	0.0%
	ALGT	C	0.0%
	NNI	C	0.0%
	CARG	B	0.0%
	DLX	B	0.0%
	SXI	B	0.0%
	TALO	C	0.0%
	ALG	C	0.0%
	OMCL	B	0.0%
	DFIN	F	0.0%
	EBC	B	0.0%
	TRS	B	0.0%
	VBTX	B	0.0%
	ZWS	B	0.0%
	IRT	B	0.0%
	CNA	D	0.0%
	PGRE	B	0.0%
	PR	C	0.0%
	HLX	D	0.0%
	GES	F	0.0%
	THRM	F	0.0%
	ROIC	A	0.0%
	FORM	F	0.0%
	CPK	B	0.0%
	CHH	B	0.0%
	BV	A	0.0%
	BRC	B	0.0%
	PEB	D	0.0%
	GWRE	B	0.0%
	ROAD	A	0.0%
	PTVE	D	0.0%
	REYN	F	0.0%
	KAI	A	0.0%

FNDB Underweight 5 Positions Relative to SPLG

	Symbol	Grade	Weight
	CRWD	C	-0.14%
	AXON	B	-0.06%
	NCLH	B	-0.02%
	NWS	B	-0.01%
	FOX	B	-0.01%

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

SPLG: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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