FNDX vs. ACWI ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares MSCI ACWI Index Fund (ACWI)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company 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

$71.33

Average Daily Volume

427,734

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$117.76

Average Daily Volume

2,628,104

Number of Holdings ^*

597

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	ACWI
30 Days	2.43%	1.29%
60 Days	3.56%	2.70%
90 Days	6.76%	5.00%
12 Months	27.86%	28.46%

498 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in ACWI	Overlap
A	C	0.06%	0.05%	0.05%
AAPL	C	4.51%	4.26%	4.26%
ABBV	C	0.6%	0.45%	0.45%
ABT	C	0.34%	0.26%	0.26%
ACGL	B	0.05%	0.06%	0.05%
ACI	F	0.02%	0.01%	0.01%
ACM	B	0.04%	0.02%	0.02%
ACN	C	0.34%	0.29%	0.29%
ADBE	F	0.22%	0.31%	0.22%
ADI	C	0.13%	0.15%	0.13%
ADM	D	0.22%	0.04%	0.04%
ADP	B	0.15%	0.15%	0.15%
ADSK	C	0.03%	0.07%	0.03%
AEE	A	0.07%	0.03%	0.03%
AEP	C	0.18%	0.07%	0.07%
AES	C	0.06%	0.02%	0.02%
AFG	B	0.05%	0.01%	0.01%
AFL	C	0.23%	0.08%	0.08%
AIG	D	0.28%	0.07%	0.07%
AIZ	B	0.03%	0.01%	0.01%
AJG	D	0.05%	0.09%	0.05%
AKAM	D	0.03%	0.02%	0.02%
ALB	F	0.02%	0.01%	0.01%
ALGN	D	0.02%	0.02%	0.02%
ALL	B	0.29%	0.06%	0.06%
ALLE	C	0.02%	0.02%	0.02%
ALLY	D	0.1%	0.01%	0.01%
AMAT	D	0.25%	0.21%	0.21%
AMCR	C	0.02%	0.02%	0.02%
AMD	D	0.09%	0.32%	0.09%
AME	C	0.05%	0.05%	0.05%
AMGN	B	0.48%	0.23%	0.23%
AMP	B	0.12%	0.06%	0.06%
AMT	C	0.14%	0.15%	0.14%
AMZN	C	1.42%	2.29%	1.42%
ANET	A	0.04%	0.13%	0.04%
ANSS	D	0.02%	0.04%	0.02%
AON	B	0.13%	0.09%	0.09%
AOS	D	0.03%	0.01%	0.01%
APA	F	0.03%	0.01%	0.01%
APD	B	0.11%	0.08%	0.08%
APH	C	0.09%	0.1%	0.09%
APO	B	0.03%	0.06%	0.03%
APTV	D	0.04%	0.03%	0.03%
ARE	C	0.03%	0.03%	0.03%
ATO	B	0.04%	0.03%	0.03%
AVB	C	0.06%	0.04%	0.04%
AVGO	C	0.68%	0.97%	0.68%
AVTR	C	0.03%	0.02%	0.02%
AVY	D	0.04%	0.02%	0.02%
AWK	C	0.05%	0.04%	0.04%
AXP	B	0.37%	0.2%	0.2%
AZO	D	0.06%	0.07%	0.06%
BA	F	0.14%	0.12%	0.12%
BAC	D	1.22%	0.36%	0.36%
BAH	B	0.04%	0.03%	0.03%
BALL	C	0.06%	0.03%	0.03%
BAX	C	0.09%	0.03%	0.03%
BBWI	F	0.02%	0.01%	0.01%
BBY	C	0.19%	0.03%	0.03%
BDX	F	0.11%	0.09%	0.09%
BEN	F	0.04%	0.01%	0.01%
BG	D	0.11%	0.02%	0.02%
BIIB	F	0.1%	0.04%	0.04%
BK	A	0.26%	0.07%	0.07%
BKNG	B	0.2%	0.18%	0.18%
BKR	C	0.14%	0.04%	0.04%
BLDR	C	0.04%	0.03%	0.03%
BLK	B	0.26%	0.17%	0.17%
BMY	C	0.35%	0.13%	0.13%
BR	D	0.04%	0.03%	0.03%
BRK.A	C	2.29%	0.78%	0.78%
BRO	C	0.03%	0.03%	0.03%
BSX	B	0.09%	0.16%	0.09%
BURL	C	0.03%	0.02%	0.02%
BX	B	0.11%	0.14%	0.11%
BXP	B	0.05%	0.02%	0.02%
C	D	1.04%	0.14%	0.14%
CAG	C	0.07%	0.02%	0.02%
CAH	C	0.07%	0.04%	0.04%
CARR	B	0.13%	0.08%	0.08%
CAT	B	0.39%	0.22%	0.22%
CB	B	0.29%	0.15%	0.15%
CBOE	C	0.02%	0.03%	0.02%
CBRE	A	0.12%	0.05%	0.05%
CCI	C	0.11%	0.07%	0.07%
CCK	A	0.04%	0.01%	0.01%
CCL	C	0.05%	0.02%	0.02%
CDNS	D	0.03%	0.1%	0.03%
CDW	D	0.06%	0.04%	0.04%
CE	F	0.06%	0.02%	0.02%
CEG	A	0.1%	0.08%	0.08%
CF	C	0.06%	0.02%	0.02%
CFG	C	0.1%	0.02%	0.02%
CG	D	0.03%	0.01%	0.01%
CHD	C	0.04%	0.03%	0.03%
CHK	D	0.02%	0.01%	0.01%
CHRW	A	0.07%	0.02%	0.02%
CHTR	D	0.32%	0.04%	0.04%
CI	C	0.55%	0.14%	0.14%
CINF	C	0.07%	0.03%	0.03%
CL	C	0.16%	0.11%	0.11%
CLX	C	0.04%	0.03%	0.03%
CMCSA	D	0.75%	0.21%	0.21%
CME	C	0.08%	0.1%	0.08%
CMG	C	0.04%	0.1%	0.04%
CMI	C	0.17%	0.05%	0.05%
CMS	B	0.06%	0.03%	0.03%
CNC	C	0.25%	0.05%	0.05%
CNH	D	0.03%	0.01%	0.01%
CNP	D	0.06%	0.02%	0.02%
COF	A	0.39%	0.07%	0.07%
COP	D	0.42%	0.16%	0.16%
COST	B	0.73%	0.53%	0.53%
CPAY	C	0.05%	0.03%	0.03%
CPB	B	0.04%	0.01%	0.01%
CPRT	D	0.02%	0.06%	0.02%
CPT	B	0.02%	0.02%	0.02%
CRL	F	0.01%	0.01%	0.01%
CRM	D	0.12%	0.32%	0.12%
CSCO	B	0.73%	0.26%	0.26%
CSL	B	0.05%	0.03%	0.03%
CSX	D	0.21%	0.09%	0.09%
CTAS	C	0.09%	0.1%	0.09%
CTLT	B	0.02%	0.01%	0.01%
CTRA	D	0.01%	0.02%	0.01%
CTSH	C	0.18%	0.05%	0.05%
CTVA	B	0.09%	0.05%	0.05%
CVS	F	0.68%	0.09%	0.09%
CVX	D	1.07%	0.32%	0.32%
D	B	0.19%	0.06%	0.06%
DAL	C	0.02%	0.01%	0.01%
DD	B	0.18%	0.04%	0.04%
DE	B	0.22%	0.14%	0.14%
DECK	D	0.03%	0.03%	0.03%
DELL	C	0.01%	0.04%	0.01%
DFS	B	0.21%	0.04%	0.04%
DG	F	0.08%	0.02%	0.02%
DGX	C	0.07%	0.02%	0.02%
DHI	C	0.2%	0.08%	0.08%
DHR	C	0.17%	0.24%	0.17%
DINO	F	0.05%	0.01%	0.01%
DIS	D	0.37%	0.22%	0.22%
DKS	D	0.05%	0.02%	0.02%
DLR	B	0.08%	0.07%	0.07%
DLTR	F	0.04%	0.02%	0.02%
DOC	C	0.04%	0.02%	0.02%
DOV	B	0.06%	0.03%	0.03%
DOW	D	0.2%	0.05%	0.05%
DPZ	D	0.04%	0.02%	0.02%
DRI	B	0.05%	0.03%	0.03%
DTE	B	0.08%	0.03%	0.03%
DUK	B	0.34%	0.12%	0.12%
DVA	B	0.07%	0.01%	0.01%
DVN	D	0.08%	0.03%	0.03%
EA	D	0.08%	0.05%	0.05%
EBAY	B	0.19%	0.04%	0.04%
ECL	A	0.09%	0.08%	0.08%
ED	C	0.13%	0.05%	0.05%
EFX	C	0.04%	0.05%	0.04%
EG	C	0.03%	0.02%	0.02%
EIX	C	0.11%	0.04%	0.04%
EL	F	0.04%	0.03%	0.03%
ELV	C	0.5%	0.17%	0.17%
EME	A	0.06%	0.02%	0.02%
EMN	B	0.08%	0.02%	0.02%
EMR	D	0.15%	0.08%	0.08%
EOG	D	0.2%	0.09%	0.09%
EPAM	F	0.02%	0.02%	0.02%
EQH	C	0.05%	0.02%	0.02%
EQIX	B	0.08%	0.11%	0.08%
EQR	C	0.06%	0.04%	0.04%
EQT	D	0.03%	0.03%	0.03%
ES	C	0.09%	0.03%	0.03%
ESS	C	0.04%	0.03%	0.03%
ETN	C	0.21%	0.16%	0.16%
ETR	A	0.11%	0.03%	0.03%
EVRG	B	0.07%	0.02%	0.02%
EW	F	0.04%	0.05%	0.04%
EXC	B	0.18%	0.05%	0.05%
EXPD	C	0.02%	0.02%	0.02%
EXPE	C	0.03%	0.02%	0.02%
EXR	B	0.04%	0.05%	0.04%
F	F	0.31%	0.05%	0.05%
FANG	D	0.05%	0.04%	0.04%
FAST	C	0.07%	0.05%	0.05%
FCNCA	D	0.02%	0.02%	0.02%
FCX	D	0.13%	0.08%	0.08%
FDX	F	0.32%	0.09%	0.09%
FE	C	0.1%	0.03%	0.03%
FFIV	B	0.03%	0.02%	0.02%
FIS	B	0.13%	0.06%	0.06%
FITB	B	0.13%	0.04%	0.04%
FNF	B	0.07%	0.02%	0.02%
FOXA	B	0.09%	0.01%	0.01%
FSLR	C	0.02%	0.03%	0.02%
FTNT	B	0.03%	0.06%	0.03%
FTV	C	0.03%	0.03%	0.03%
GD	B	0.23%	0.09%	0.09%
GDDY	C	0.03%	0.03%	0.03%
GE	A	0.18%	0.26%	0.18%
GEHC	C	0.07%	0.05%	0.05%
GEV	B	0.05%	0.08%	0.05%
GGG	C	0.02%	0.02%	0.02%
GILD	B	0.35%	0.14%	0.14%
GIS	B	0.13%	0.05%	0.05%
GLPI	C	0.02%	0.02%	0.02%
GLW	B	0.14%	0.04%	0.04%
GM	B	0.69%	0.07%	0.07%
GOOG	D	1.06%	1.05%	1.05%
GOOGL	D	1.22%	1.21%	1.21%
GPC	D	0.05%	0.03%	0.03%
GPN	D	0.08%	0.04%	0.04%
GRMN	D	0.05%	0.04%	0.04%
GS	C	0.56%	0.2%	0.2%
GWW	A	0.07%	0.06%	0.06%
HAL	F	0.06%	0.03%	0.03%
HBAN	B	0.07%	0.03%	0.03%
HCA	A	0.25%	0.1%	0.1%
HD	A	0.78%	0.49%	0.49%
HES	D	0.04%	0.05%	0.04%
HIG	B	0.15%	0.05%	0.05%
HII	D	0.04%	0.01%	0.01%
HLT	B	0.06%	0.07%	0.06%
HOLX	C	0.04%	0.03%	0.03%
HON	D	0.34%	0.17%	0.17%
HPE	D	0.18%	0.03%	0.03%
HPQ	D	0.2%	0.04%	0.04%
HRL	D	0.03%	0.01%	0.01%
HSIC	D	0.04%	0.01%	0.01%
HST	C	0.04%	0.02%	0.02%
HSY	D	0.04%	0.04%	0.04%
HUBB	A	0.03%	0.03%	0.03%
HUM	F	0.21%	0.05%	0.05%
HWM	B	0.06%	0.05%	0.05%
IBM	A	0.61%	0.26%	0.26%
ICE	C	0.13%	0.12%	0.12%
IDXX	D	0.03%	0.05%	0.03%
IEX	D	0.02%	0.02%	0.02%
IFF	C	0.06%	0.03%	0.03%
ILMN	C	0.03%	0.03%	0.03%
INTC	F	0.6%	0.11%	0.11%
INTU	C	0.11%	0.24%	0.11%
INVH	C	0.03%	0.03%	0.03%
IP	C	0.15%	0.02%	0.02%
IPG	C	0.04%	0.02%	0.02%
IQV	D	0.08%	0.06%	0.06%
IR	C	0.03%	0.05%	0.03%
IRM	B	0.08%	0.05%	0.05%
ISRG	C	0.09%	0.23%	0.09%
IT	A	0.03%	0.05%	0.03%
ITW	C	0.15%	0.1%	0.1%
J	C	0.05%	0.02%	0.02%
JBHT	D	0.04%	0.02%	0.02%
JBL	D	0.05%	0.02%	0.02%
JCI	B	0.15%	0.06%	0.06%
JKHY	C	0.02%	0.02%	0.02%
JNJ	C	1.0%	0.52%	0.52%
JNPR	A	0.05%	0.02%	0.02%
JPM	D	1.94%	0.77%	0.77%
K	A	0.07%	0.03%	0.03%
KDP	B	0.08%	0.05%	0.05%
KEY	B	0.1%	0.02%	0.02%
KEYS	C	0.03%	0.03%	0.03%
KHC	C	0.11%	0.04%	0.04%
KIM	C	0.03%	0.02%	0.02%
KKR	A	0.11%	0.1%	0.1%
KLAC	D	0.1%	0.13%	0.1%
KMB	D	0.11%	0.06%	0.06%
KMI	A	0.19%	0.06%	0.06%
KMX	D	0.07%	0.02%	0.02%
KNX	D	0.04%	0.01%	0.01%
KO	B	0.43%	0.38%	0.38%
KR	C	0.3%	0.05%	0.05%
KVUE	C	0.03%	0.06%	0.03%
L	D	0.05%	0.02%	0.02%
LDOS	B	0.08%	0.03%	0.03%
LEN	C	0.19%	0.06%	0.06%
LHX	C	0.16%	0.06%	0.06%
LII	B	0.03%	0.03%	0.03%
LIN	B	0.35%	0.3%	0.3%
LKQ	F	0.05%	0.01%	0.01%
LLY	C	0.27%	0.98%	0.27%
LMT	B	0.4%	0.16%	0.16%
LNG	C	0.05%	0.05%	0.05%
LNT	B	0.04%	0.02%	0.02%
LOW	A	0.42%	0.19%	0.19%
LPLA	F	0.03%	0.02%	0.02%
LRCX	F	0.16%	0.13%	0.13%
LULU	D	0.02%	0.04%	0.02%
LUV	C	0.02%	0.01%	0.01%
LVS	D	0.03%	0.02%	0.02%
LW	D	0.01%	0.01%	0.01%
LYB	F	0.16%	0.03%	0.03%
MA	B	0.28%	0.54%	0.28%
MAA	C	0.04%	0.03%	0.03%
MAR	C	0.08%	0.08%	0.08%
MAS	B	0.06%	0.02%	0.02%
MCD	B	0.34%	0.28%	0.28%
MCHP	D	0.05%	0.05%	0.05%
MCK	F	0.1%	0.09%	0.09%
MCO	A	0.08%	0.1%	0.08%
MDLZ	C	0.23%	0.13%	0.13%
MDT	C	0.27%	0.15%	0.15%
MET	A	0.26%	0.06%	0.06%
META	A	1.85%	1.51%	1.51%
MGM	D	0.05%	0.01%	0.01%
MKC	C	0.04%	0.03%	0.03%
MKL	C	0.04%	0.03%	0.03%
MLM	D	0.04%	0.04%	0.04%
MMC	C	0.15%	0.15%	0.15%
MMM	A	0.4%	0.1%	0.1%
MNST	D	0.04%	0.05%	0.04%
MO	C	0.39%	0.12%	0.12%
MOH	D	0.05%	0.03%	0.03%
MOS	F	0.05%	0.01%	0.01%
MPC	D	0.41%	0.08%	0.08%
MRK	D	0.51%	0.38%	0.38%
MRNA	F	0.04%	0.03%	0.03%
MRO	C	0.08%	0.02%	0.02%
MRVL	C	0.04%	0.08%	0.04%
MS	C	0.35%	0.16%	0.16%
MSCI	C	0.03%	0.06%	0.03%
MSFT	C	2.54%	3.99%	2.54%
MSI	B	0.06%	0.1%	0.06%
MTB	A	0.09%	0.04%	0.04%
MTD	D	0.04%	0.04%	0.04%
MU	F	0.35%	0.13%	0.13%
NDAQ	A	0.03%	0.04%	0.03%
NDSN	C	0.02%	0.02%	0.02%
NEE	C	0.29%	0.23%	0.23%
NEM	B	0.19%	0.08%	0.08%
NFLX	B	0.15%	0.4%	0.15%
NI	B	0.05%	0.02%	0.02%
NKE	D	0.18%	0.13%	0.13%
NOC	A	0.21%	0.1%	0.1%
NOW	A	0.01%	0.24%	0.01%
NRG	A	0.11%	0.02%	0.02%
NSC	C	0.21%	0.07%	0.07%
NTAP	D	0.08%	0.03%	0.03%
NTRS	B	0.07%	0.02%	0.02%
NUE	F	0.18%	0.05%	0.05%
NVDA	D	0.38%	3.85%	0.38%
NVR	B	0.08%	0.04%	0.04%
NWSA	D	0.04%	0.01%	0.01%
NXPI	D	0.08%	0.08%	0.08%
O	C	0.04%	0.07%	0.04%
OC	D	0.06%	0.02%	0.02%
ODFL	D	0.05%	0.05%	0.05%
OKE	B	0.13%	0.07%	0.07%
OMC	B	0.08%	0.03%	0.03%
ON	F	0.04%	0.04%	0.04%
ORCL	B	0.47%	0.35%	0.35%
ORLY	D	0.1%	0.09%	0.09%
OTIS	C	0.05%	0.05%	0.05%
OVV	F	0.04%	0.01%	0.01%
OXY	F	0.11%	0.04%	0.04%
PANW	C	0.03%	0.15%	0.03%
PARA	F	0.09%	0.01%	0.01%
PAYX	C	0.06%	0.06%	0.06%
PCAR	D	0.13%	0.06%	0.06%
PCG	B	0.03%	0.05%	0.03%
PEG	A	0.11%	0.05%	0.05%
PEP	D	0.45%	0.32%	0.32%
PFE	C	0.75%	0.22%	0.22%
PFG	B	0.08%	0.03%	0.03%
PG	C	0.84%	0.54%	0.54%
PGR	A	0.26%	0.19%	0.19%
PH	A	0.12%	0.1%	0.1%
PHM	B	0.13%	0.04%	0.04%
PKG	B	0.07%	0.02%	0.02%
PLD	C	0.08%	0.16%	0.08%
PM	C	0.51%	0.25%	0.25%
PNC	A	0.29%	0.09%	0.09%
PNR	B	0.04%	0.02%	0.02%
POOL	D	0.02%	0.02%	0.02%
PPG	D	0.08%	0.04%	0.04%
PPL	B	0.11%	0.03%	0.03%
PRU	C	0.23%	0.06%	0.06%
PSA	B	0.06%	0.07%	0.06%
PSX	D	0.36%	0.07%	0.07%
PWR	B	0.06%	0.05%	0.05%
PYPL	B	0.19%	0.09%	0.09%
QCOM	F	0.47%	0.25%	0.25%
QRVO	F	0.05%	0.01%	0.01%
REG	C	0.03%	0.02%	0.02%
REGN	C	0.16%	0.16%	0.16%
RF	B	0.08%	0.03%	0.03%
RJF	C	0.04%	0.03%	0.03%
RMD	C	0.04%	0.05%	0.04%
ROK	F	0.05%	0.04%	0.04%
ROP	C	0.05%	0.08%	0.05%
ROST	C	0.08%	0.07%	0.07%
RPM	B	0.04%	0.02%	0.02%
RS	D	0.08%	0.02%	0.02%
RSG	D	0.07%	0.06%	0.06%
RTX	C	0.37%	0.21%	0.21%
SBAC	C	0.02%	0.04%	0.02%
SBUX	C	0.27%	0.15%	0.15%
SCHW	D	0.1%	0.12%	0.1%
SEIC	C	0.02%	0.01%	0.01%
SHW	B	0.09%	0.12%	0.09%
SJM	C	0.06%	0.02%	0.02%
SLB	F	0.11%	0.07%	0.07%
SNA	C	0.04%	0.02%	0.02%
SNPS	D	0.03%	0.1%	0.03%
SO	A	0.29%	0.13%	0.13%
SOLV	C	0.04%	0.01%	0.01%
SPG	A	0.11%	0.07%	0.07%
SPGI	A	0.15%	0.22%	0.15%
SQ	D	0.02%	0.05%	0.02%
SRE	B	0.12%	0.07%	0.07%
SSNC	B	0.04%	0.02%	0.02%
STE	C	0.03%	0.03%	0.03%
STLD	D	0.09%	0.02%	0.02%
STT	B	0.09%	0.03%	0.03%
STX	C	0.1%	0.03%	0.03%
STZ	D	0.08%	0.05%	0.05%
SUI	C	0.03%	0.03%	0.03%
SW	C	0.11%	0.03%	0.03%
SWK	B	0.08%	0.02%	0.02%
SWKS	F	0.05%	0.02%	0.02%
SYF	C	0.27%	0.03%	0.03%
SYK	C	0.13%	0.17%	0.13%
SYY	D	0.1%	0.05%	0.05%
T	C	1.37%	0.2%	0.2%
TAP	D	0.05%	0.01%	0.01%
TDG	B	0.08%	0.1%	0.08%
TDY	C	0.02%	0.03%	0.02%
TEL	D	0.11%	0.06%	0.06%
TER	D	0.05%	0.03%	0.03%
TFC	D	0.22%	0.07%	0.07%
TFX	C	0.02%	0.02%	0.02%
TGT	C	0.37%	0.09%	0.09%
TJX	C	0.24%	0.18%	0.18%
TMO	C	0.29%	0.31%	0.29%
TMUS	C	0.24%	0.14%	0.14%
TRGP	B	0.06%	0.04%	0.04%
TRMB	C	0.03%	0.02%	0.02%
TROW	D	0.11%	0.03%	0.03%
TRU	B	0.03%	0.03%	0.03%
TRV	B	0.3%	0.07%	0.07%
TSCO	C	0.06%	0.04%	0.04%
TSLA	C	0.19%	0.87%	0.19%
TSN	D	0.2%	0.02%	0.02%
TT	A	0.09%	0.11%	0.09%
TTC	D	0.02%	0.01%	0.01%
TTWO	D	0.02%	0.03%	0.02%
TXN	C	0.34%	0.24%	0.24%
TXT	D	0.06%	0.02%	0.02%
UBER	C	0.04%	0.18%	0.04%
UDR	C	0.03%	0.02%	0.02%
UHAL	B	0.02%	0.01%	0.01%
UHS	B	0.1%	0.02%	0.02%
ULTA	D	0.03%	0.02%	0.02%
UNH	C	1.25%	0.72%	0.72%
UNP	C	0.4%	0.2%	0.2%
UPS	F	0.25%	0.12%	0.12%
URI	B	0.12%	0.06%	0.06%
USB	B	0.3%	0.09%	0.09%
V	C	0.35%	0.59%	0.35%
VICI	C	0.02%	0.04%	0.02%
VLO	F	0.38%	0.06%	0.06%
VMC	D	0.04%	0.04%	0.04%
VRSK	D	0.04%	0.05%	0.04%
VRSN	D	0.01%	0.02%	0.01%
VRTX	D	0.08%	0.17%	0.08%
VST	A	0.11%	0.04%	0.04%
VTR	C	0.09%	0.03%	0.03%
VTRS	D	0.1%	0.02%	0.02%
VZ	B	1.32%	0.24%	0.24%
WAB	A	0.06%	0.04%	0.04%
WAT	C	0.04%	0.02%	0.02%
WBA	F	0.14%	0.01%	0.01%
WBD	D	0.06%	0.03%	0.03%
WDC	D	0.13%	0.03%	0.03%
WEC	B	0.08%	0.04%	0.04%
WELL	C	0.11%	0.1%	0.1%
WFC	D	1.06%	0.24%	0.24%
WLK	D	0.02%	0.01%	0.01%
WM	D	0.15%	0.11%	0.11%
WMB	B	0.15%	0.07%	0.07%
WMT	B	1.51%	0.47%	0.47%
WPC	C	0.02%	0.02%	0.02%
WRB	C	0.04%	0.02%	0.02%
WSM	D	0.05%	0.02%	0.02%
WSO	C	0.03%	0.02%	0.02%
WST	D	0.02%	0.03%	0.02%
WTRG	D	0.01%	0.01%	0.01%
WTW	C	0.07%	0.04%	0.04%
WY	C	0.09%	0.03%	0.03%
XEL	B	0.12%	0.05%	0.05%
XOM	D	1.92%	0.65%	0.65%
XYL	D	0.04%	0.04%	0.04%
YUM	F	0.08%	0.05%	0.05%
ZBH	F	0.05%	0.03%	0.03%
ZBRA	B	0.04%	0.02%	0.02%
ZTS	C	0.08%	0.11%	0.08%

FNDX Overweight 220 Positions Relative to ACWI

Symbol	Grade	Weight
LUMN	C	0.57%
JLL	B	0.09%
THC	B	0.08%
ARW	C	0.08%
OGN	D	0.07%
KSS	F	0.07%
USFD	B	0.07%
AVT	C	0.07%
MHK	C	0.07%
X	D	0.07%
TOL	B	0.06%
CMA	A	0.06%
VFC	C	0.06%
WHR	C	0.06%
R	B	0.06%
AA	D	0.05%
GPI	B	0.05%
INGR	B	0.05%
VNO	B	0.05%
SIRI	C	0.05%
SFM	B	0.05%
BWA	D	0.05%
ORI	B	0.05%
MUSA	D	0.05%
KD	D	0.05%
UNM	B	0.05%
DXC	C	0.05%
AN	D	0.05%
MAN	C	0.05%
ZION	D	0.05%
OMF	D	0.05%
PFGC	B	0.05%
LAD	C	0.05%
M	F	0.05%
LEA	F	0.05%
FLEX	C	0.05%
JEF	B	0.05%
LNC	D	0.05%
CASY	D	0.05%
HAS	B	0.04%
MTH	C	0.04%
SLM	D	0.04%
AYI	A	0.04%
CNO	A	0.04%
BAP	B	0.04%
TMHC	B	0.04%
WU	D	0.04%
THO	D	0.04%
JXN	B	0.04%
TPR	C	0.04%
FYBR	C	0.04%
DOX	C	0.04%
PVH	F	0.04%
EVR	A	0.04%
GAP	F	0.04%
BERY	C	0.04%
RGA	B	0.04%
ALSN	B	0.04%
FAF	C	0.04%
IVZ	B	0.04%
ZIM	C	0.04%
TDS	C	0.04%
PNW	B	0.04%
UGI	C	0.04%
SKX	D	0.03%
AAP	F	0.03%
ITT	B	0.03%
CPRI	D	0.03%
MTG	B	0.03%
CW	A	0.03%
CIEN	C	0.03%
BC	C	0.03%
FLR	D	0.03%
GNTX	D	0.03%
EWBC	D	0.03%
CLF	F	0.03%
SCI	C	0.03%
SON	D	0.03%
SAIC	C	0.03%
JHG	B	0.03%
CMC	D	0.03%
FHN	D	0.03%
AER	B	0.03%
SWN	D	0.03%
BPOP	C	0.03%
RRX	C	0.03%
PBF	F	0.03%
AGCO	D	0.03%
NWL	D	0.03%
VOYA	B	0.03%
GT	F	0.03%
FMC	C	0.03%
RL	B	0.03%
CRBG	D	0.03%
OLN	D	0.03%
CHKP	A	0.03%
MLI	B	0.03%
SLG	B	0.03%
GNW	B	0.03%
TPH	C	0.03%
MTZ	B	0.03%
OGE	B	0.03%
WCC	D	0.03%
ARMK	C	0.03%
GL	C	0.03%
NXST	D	0.03%
KBH	B	0.03%
SANM	D	0.03%
RHI	D	0.03%
CCEP	B	0.03%
HBI	B	0.03%
CACI	B	0.03%
BCC	C	0.03%
UFPI	C	0.03%
GPK	B	0.03%
OSK	D	0.03%
FL	D	0.03%
HUN	D	0.03%
LPX	B	0.03%
AMG	C	0.03%
OI	D	0.02%
UNFI	C	0.02%
CZR	C	0.02%
MIDD	D	0.02%
CNX	A	0.02%
FTI	D	0.02%
CAR	F	0.02%
GXO	D	0.02%
BECN	D	0.02%
LECO	F	0.02%
SM	D	0.02%
ICLR	D	0.02%
WERN	D	0.02%
CC	F	0.02%
XRAY	D	0.02%
PENN	C	0.02%
FLO	C	0.02%
PRGO	F	0.02%
REZI	D	0.02%
MKSI	F	0.02%
DAR	F	0.02%
TGNA	C	0.02%
TKR	D	0.02%
CYH	B	0.02%
HUBG	C	0.02%
AL	D	0.02%
KBR	D	0.02%
CRI	D	0.02%
GNRC	D	0.02%
TPX	C	0.02%
POR	C	0.02%
ASGN	D	0.02%
JWN	B	0.02%
MUR	F	0.02%
RUSHA	C	0.02%
ASO	C	0.02%
NFG	B	0.02%
PAG	D	0.02%
XRX	F	0.02%
BTU	D	0.02%
NVT	D	0.02%
NAVI	C	0.02%
HRB	C	0.02%
QRTEA	F	0.02%
ST	D	0.02%
DCI	D	0.02%
MPW	C	0.02%
STWD	B	0.02%
AR	D	0.02%
NOV	D	0.02%
POST	C	0.02%
AXTA	C	0.02%
ABG	D	0.02%
ATR	B	0.02%
BJ	D	0.02%
ABM	D	0.02%
PII	D	0.02%
MDU	B	0.02%
PK	D	0.02%
PRI	B	0.02%
EXP	B	0.02%
G	C	0.02%
NSIT	C	0.02%
BRX	B	0.02%
EHC	B	0.02%
SEE	D	0.02%
ALV	F	0.02%
SNV	C	0.02%
LSTR	F	0.02%
THG	C	0.02%
LAMR	A	0.02%
HOG	C	0.02%
SNX	D	0.02%
HTZ	F	0.01%
ALK	C	0.01%
CNXC	F	0.01%
COHR	B	0.01%
MATX	C	0.01%
VSH	F	0.01%
ANDE	D	0.01%
DBX	D	0.01%
MSM	D	0.01%
ARCH	F	0.01%
DK	F	0.01%
JAZZ	D	0.01%
VAC	F	0.01%
CHE	C	0.01%
MMS	C	0.01%
AEO	D	0.01%
ADNT	F	0.01%
TNL	D	0.01%
MTN	D	0.01%
LILAK	D	0.01%
BLD	D	0.01%
LEG	D	0.01%
DAN	F	0.01%
ODP	F	0.01%
SPTN	C	0.01%
BIG	F	0.0%
AAL	D	0.0%

FNDX Underweight 99 Positions Relative to ACWI

Symbol	Grade	Weight
FI	A	-0.14%
MELI	B	-0.13%
IBN	A	-0.11%
HDB	B	-0.11%
PLTR	A	-0.09%
CRWD	D	-0.08%
CRH	A	-0.08%
ABNB	D	-0.07%
WDAY	D	-0.07%
COR	D	-0.06%
MPWR	C	-0.06%
FICO	B	-0.06%
WCN	D	-0.06%
TTD	B	-0.06%
FLUT	B	-0.05%
FERG	D	-0.05%
DASH	B	-0.05%
RCL	A	-0.05%
VLTO	B	-0.04%
DXCM	F	-0.04%
ARES	A	-0.04%
DDOG	D	-0.04%
VRT	C	-0.04%
COIN	F	-0.04%
CSGP	D	-0.04%
VEEV	C	-0.04%
ALNY	C	-0.04%
SNOW	F	-0.04%
UMC	C	-0.03%
PTC	D	-0.03%
MDB	D	-0.03%
RBLX	B	-0.03%
COO	B	-0.03%
MSTR	D	-0.03%
APP	B	-0.03%
HUBS	D	-0.03%
NET	D	-0.03%
SMCI	F	-0.03%
TYL	C	-0.03%
TEAM	D	-0.03%
AXON	A	-0.03%
TECH	D	-0.02%
DOCU	C	-0.02%
NBIX	F	-0.02%
OKTA	F	-0.02%
HEI	A	-0.02%
ELS	C	-0.02%
DT	C	-0.02%
ERIE	B	-0.02%
TW	B	-0.02%
CHT	A	-0.02%
UTHR	C	-0.02%
PSTG	F	-0.02%
ZS	F	-0.02%
ROL	C	-0.02%
FWONK	C	-0.02%
ENPH	D	-0.02%
HEI	A	-0.02%
GEN	B	-0.02%
PODD	B	-0.02%
RVTY	C	-0.02%
BMRN	F	-0.02%
TPL	A	-0.02%
LYV	B	-0.02%
ZM	C	-0.02%
AMH	C	-0.02%
DKNG	C	-0.02%
MANH	A	-0.02%
ENTG	D	-0.02%
PINS	F	-0.02%
FDS	C	-0.02%
LH	C	-0.02%
CELH	F	-0.01%
H	C	-0.01%
AZPN	B	-0.01%
BIO	C	-0.01%
WYNN	D	-0.01%
DAY	D	-0.01%
WIT	C	-0.01%
PAYC	D	-0.01%
FOX	B	-0.01%
BSY	D	-0.01%
Z	B	-0.01%
MTCH	C	-0.01%
TOST	A	-0.01%
ROKU	C	-0.01%
NLY	B	-0.01%
RIVN	F	-0.01%
IOT	A	-0.01%
RPRX	D	-0.01%
FBIN	B	-0.01%
INCY	C	-0.01%
SNAP	F	-0.01%
TWLO	C	-0.01%
MKTX	C	-0.01%
CHRD	F	-0.01%
EXAS	C	-0.01%
HOOD	C	-0.01%
SAR	B	-0.0%