FNDX vs. BBUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to JPMorgan BetaBuilders U.S. Equity ETF (BBUS)

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

$68.41

Average Daily Volume

449,199

Number of Holdings ^*

717

* may have additional holdings in another (foreign) market

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$97.48

Average Daily Volume

164,426

Number of Holdings ^*

540

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	BBUS
30 Days	3.86%	4.26%
60 Days	1.51%	-2.71%
90 Days	3.23%	1.56%
12 Months	20.88%	23.31%

473 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in BBUS	Overlap
	A	B	0.06%	0.09%	0.06%
	AAPL	C	4.54%	6.8%	4.54%
	ABBV	B	0.6%	0.71%	0.6%
	ABT	A	0.33%	0.4%	0.33%
	ACGL	B	0.05%	0.09%	0.05%
	ACI	D	0.02%	0.02%	0.02%
	ACN	A	0.33%	0.44%	0.33%
	ADBE	B	0.21%	0.52%	0.21%
	ADI	C	0.14%	0.24%	0.14%
	ADM	D	0.23%	0.06%	0.06%
	ADP	B	0.14%	0.23%	0.14%
	ADSK	B	0.03%	0.11%	0.03%
	AEE	A	0.07%	0.04%	0.04%
	AEP	A	0.18%	0.11%	0.11%
	AES	D	0.06%	0.03%	0.03%
	AFG	A	0.04%	0.02%	0.02%
	AFL	B	0.22%	0.12%	0.12%
	AIG	D	0.29%	0.1%	0.1%
	AJG	A	0.05%	0.13%	0.05%
	AKAM	D	0.04%	0.03%	0.03%
	ALB	F	0.02%	0.02%	0.02%
	ALGN	F	0.02%	0.04%	0.02%
	ALL	B	0.29%	0.1%	0.1%
	ALLE	B	0.02%	0.02%	0.02%
	AMAT	F	0.26%	0.33%	0.26%
	AMCR	B	0.02%	0.03%	0.02%
	AMD	F	0.09%	0.48%	0.09%
	AME	D	0.05%	0.08%	0.05%
	AMGN	C	0.48%	0.36%	0.36%
	AMP	B	0.12%	0.09%	0.09%
	AMT	A	0.14%	0.21%	0.14%
	AMZN	D	1.28%	3.32%	1.28%
	ANET	D	0.03%	0.18%	0.03%
	ANSS	D	0.02%	0.06%	0.02%
	AON	A	0.12%	0.15%	0.12%
	APA	F	0.04%	0.02%	0.02%
	APD	B	0.11%	0.13%	0.11%
	APH	D	0.09%	0.16%	0.09%
	APO	D	0.03%	0.09%	0.03%
	APTV	D	0.04%	0.04%	0.04%
	ARE	D	0.03%	0.04%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.05%	0.06%	0.05%
	AVGO	D	0.65%	1.46%	0.65%
	AVTR	B	0.03%	0.04%	0.03%
	AVY	B	0.04%	0.04%	0.04%
	AWK	A	0.05%	0.06%	0.05%
	AXP	B	0.37%	0.3%	0.3%
	AZO	B	0.06%	0.11%	0.06%
	BA	F	0.15%	0.22%	0.15%
	BAC	D	1.25%	0.56%	0.56%
	BAH	B	0.04%	0.04%	0.04%
	BALL	A	0.06%	0.04%	0.04%
	BAX	A	0.08%	0.04%	0.04%
	BBY	A	0.17%	0.04%	0.04%
	BDX	D	0.11%	0.14%	0.11%
	BEN	F	0.04%	0.01%	0.01%
	BG	D	0.11%	0.03%	0.03%
	BIIB	D	0.11%	0.06%	0.06%
	BK	B	0.25%	0.1%	0.1%
	BKNG	C	0.2%	0.27%	0.2%
	BKR	D	0.14%	0.07%	0.07%
	BLDR	C	0.04%	0.04%	0.04%
	BLK	B	0.25%	0.27%	0.25%
	BMY	B	0.35%	0.21%	0.21%
	BR	C	0.04%	0.05%	0.04%
	BRK.A	B	2.33%	1.73%	1.73%
	BRO	A	0.03%	0.05%	0.03%
	BSX	A	0.09%	0.24%	0.09%
	BURL	B	0.03%	0.03%	0.03%
	BX	B	0.11%	0.21%	0.11%
	BXP	A	0.05%	0.02%	0.02%
	C	D	1.11%	0.24%	0.24%
	CAG	A	0.07%	0.03%	0.03%
	CAH	A	0.07%	0.06%	0.06%
	CARR	B	0.12%	0.12%	0.12%
	CAT	C	0.4%	0.35%	0.35%
	CB	A	0.28%	0.23%	0.23%
	CBRE	B	0.12%	0.07%	0.07%
	CCI	A	0.1%	0.1%	0.1%
	CCK	A	0.04%	0.02%	0.02%
	CCL	D	0.05%	0.03%	0.03%
	CDNS	D	0.03%	0.15%	0.03%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.06%	0.03%	0.03%
	CEG	D	0.1%	0.13%	0.1%
	CF	B	0.06%	0.03%	0.03%
	CFG	B	0.11%	0.04%	0.04%
	CG	D	0.03%	0.02%	0.02%
	CHD	A	0.04%	0.05%	0.04%
	CHTR	C	0.33%	0.07%	0.07%
	CI	B	0.54%	0.21%	0.21%
	CINF	B	0.07%	0.04%	0.04%
	CL	A	0.16%	0.18%	0.16%
	CLX	A	0.04%	0.04%	0.04%
	CMCSA	C	0.76%	0.32%	0.32%
	CME	A	0.08%	0.16%	0.08%
	CMG	D	0.04%	0.16%	0.04%
	CMI	B	0.17%	0.09%	0.09%
	CMS	A	0.06%	0.04%	0.04%
	CNC	D	0.26%	0.09%	0.09%
	CNH	C	0.03%	0.02%	0.02%
	CNP	D	0.06%	0.04%	0.04%
	COF	C	0.4%	0.11%	0.11%
	COP	D	0.45%	0.27%	0.27%
	COST	B	0.71%	0.81%	0.71%
	CPAY	B	0.05%	0.04%	0.04%
	CPB	A	0.04%	0.02%	0.02%
	CPRT	D	0.02%	0.09%	0.02%
	CPT	B	0.02%	0.03%	0.02%
	CRBG	C	0.03%	0.01%	0.01%
	CRL	F	0.01%	0.02%	0.01%
	CRM	D	0.12%	0.5%	0.12%
	CSCO	B	0.73%	0.42%	0.42%
	CSX	D	0.21%	0.14%	0.14%
	CTAS	B	0.09%	0.14%	0.09%
	CTRA	F	0.02%	0.04%	0.02%
	CTSH	B	0.18%	0.08%	0.08%
	CTVA	B	0.09%	0.08%	0.08%
	CVS	F	0.67%	0.15%	0.15%
	CVX	F	1.11%	0.52%	0.52%
	D	A	0.18%	0.1%	0.1%
	DAL	D	0.02%	0.05%	0.02%
	DD	C	0.18%	0.07%	0.07%
	DE	B	0.21%	0.2%	0.2%
	DECK	C	0.03%	0.05%	0.03%
	DELL	F	0.01%	0.06%	0.01%
	DFS	C	0.22%	0.07%	0.07%
	DG	F	0.12%	0.04%	0.04%
	DGX	B	0.07%	0.04%	0.04%
	DHI	B	0.19%	0.12%	0.12%
	DHR	B	0.16%	0.37%	0.16%
	DIS	F	0.37%	0.34%	0.34%
	DLR	D	0.07%	0.1%	0.07%
	DLTR	F	0.06%	0.04%	0.04%
	DOC	B	0.04%	0.03%	0.03%
	DOV	C	0.06%	0.05%	0.05%
	DOW	D	0.21%	0.08%	0.08%
	DPZ	D	0.04%	0.03%	0.03%
	DRI	A	0.05%	0.04%	0.04%
	DTE	B	0.08%	0.05%	0.05%
	DUK	A	0.33%	0.18%	0.18%
	DVN	F	0.09%	0.06%	0.06%
	EA	C	0.08%	0.08%	0.08%
	EBAY	A	0.18%	0.06%	0.06%
	ECL	B	0.09%	0.13%	0.09%
	ED	A	0.13%	0.07%	0.07%
	EFX	B	0.04%	0.08%	0.04%
	EG	B	0.03%	0.03%	0.03%
	EIX	A	0.11%	0.07%	0.07%
	EL	F	0.04%	0.04%	0.04%
	ELV	B	0.51%	0.26%	0.26%
	EMN	C	0.08%	0.02%	0.02%
	EMR	D	0.15%	0.12%	0.12%
	EOG	D	0.22%	0.15%	0.15%
	EPAM	C	0.02%	0.02%	0.02%
	EQH	C	0.05%	0.03%	0.03%
	EQIX	B	0.08%	0.16%	0.08%
	EQR	B	0.06%	0.05%	0.05%
	EQT	D	0.03%	0.04%	0.03%
	ES	A	0.09%	0.05%	0.05%
	ESS	B	0.03%	0.04%	0.03%
	ETN	D	0.2%	0.25%	0.2%
	ETR	A	0.1%	0.05%	0.05%
	EVRG	A	0.07%	0.03%	0.03%
	EW	F	0.04%	0.09%	0.04%
	EWBC	C	0.03%	0.02%	0.02%
	EXC	A	0.17%	0.08%	0.08%
	EXPD	D	0.02%	0.04%	0.02%
	EXPE	C	0.03%	0.04%	0.03%
	EXR	B	0.04%	0.08%	0.04%
	F	D	0.32%	0.09%	0.09%
	FANG	D	0.05%	0.07%	0.05%
	FAST	D	0.06%	0.08%	0.06%
	FCNCA	C	0.02%	0.05%	0.02%
	FCX	D	0.14%	0.13%	0.13%
	FDX	D	0.33%	0.14%	0.14%
	FE	A	0.1%	0.05%	0.05%
	FFIV	B	0.03%	0.02%	0.02%
	FIS	A	0.13%	0.09%	0.09%
	FITB	B	0.13%	0.06%	0.06%
	FLEX	C	0.06%	0.03%	0.03%
	FNF	B	0.07%	0.03%	0.03%
	FOXA	B	0.09%	0.02%	0.02%
	FSLR	C	0.02%	0.05%	0.02%
	FTNT	B	0.03%	0.1%	0.03%
	FTV	D	0.03%	0.05%	0.03%
	GD	B	0.23%	0.14%	0.14%
	GDDY	C	0.03%	0.05%	0.03%
	GE	C	0.18%	0.39%	0.18%
	GEHC	B	0.07%	0.07%	0.07%
	GEV	A	0.04%	0.11%	0.04%
	GILD	A	0.33%	0.2%	0.2%
	GIS	A	0.13%	0.08%	0.08%
	GLW	C	0.14%	0.07%	0.07%
	GM	B	0.73%	0.12%	0.12%
	GOOG	D	1.11%	1.76%	1.11%
	GOOGL	D	1.27%	1.95%	1.27%
	GPC	D	0.06%	0.04%	0.04%
	GPN	C	0.08%	0.06%	0.06%
	GRMN	B	0.04%	0.06%	0.04%
	GS	C	0.59%	0.34%	0.34%
	GWW	C	0.07%	0.09%	0.07%
	HAL	F	0.06%	0.06%	0.06%
	HBAN	B	0.07%	0.04%	0.04%
	HCA	B	0.25%	0.16%	0.16%
	HD	B	0.77%	0.75%	0.75%
	HES	F	0.05%	0.08%	0.05%
	HIG	B	0.15%	0.07%	0.07%
	HII	B	0.05%	0.02%	0.02%
	HLT	C	0.06%	0.11%	0.06%
	HOLX	A	0.04%	0.04%	0.04%
	HON	D	0.34%	0.28%	0.28%
	HPE	D	0.2%	0.05%	0.05%
	HPQ	D	0.21%	0.07%	0.07%
	HRL	A	0.03%	0.02%	0.02%
	HST	D	0.04%	0.03%	0.03%
	HSY	A	0.04%	0.06%	0.04%
	HUBB	C	0.03%	0.04%	0.03%
	HUM	D	0.22%	0.09%	0.09%
	HWM	B	0.07%	0.08%	0.07%
	IBM	A	0.57%	0.37%	0.37%
	ICE	A	0.13%	0.19%	0.13%
	IDXX	D	0.02%	0.08%	0.02%
	IEX	D	0.02%	0.03%	0.02%
	IFF	A	0.06%	0.05%	0.05%
	ILMN	B	0.03%	0.04%	0.03%
	INTC	F	0.6%	0.18%	0.18%
	INTU	D	0.1%	0.36%	0.1%
	INVH	B	0.03%	0.04%	0.03%
	IP	B	0.15%	0.03%	0.03%
	IPG	B	0.04%	0.03%	0.03%
	IQV	B	0.09%	0.09%	0.09%
	IR	D	0.03%	0.08%	0.03%
	IRM	B	0.07%	0.07%	0.07%
	ISRG	B	0.08%	0.35%	0.08%
	IT	B	0.03%	0.08%	0.03%
	ITW	C	0.14%	0.15%	0.14%
	J	C	0.06%	0.04%	0.04%
	JBHT	C	0.04%	0.03%	0.03%
	JCI	C	0.15%	0.1%	0.1%
	JKHY	B	0.02%	0.03%	0.02%
	JNJ	B	0.99%	0.81%	0.81%
	JNPR	A	0.05%	0.03%	0.03%
	JPM	B	2.06%	1.31%	1.31%
	K	A	0.07%	0.04%	0.04%
	KDP	A	0.08%	0.08%	0.08%
	KEY	B	0.1%	0.03%	0.03%
	KEYS	C	0.03%	0.05%	0.03%
	KHC	A	0.11%	0.06%	0.06%
	KIM	A	0.03%	0.03%	0.03%
	KKR	B	0.11%	0.17%	0.11%
	KLAC	D	0.1%	0.22%	0.1%
	KMB	A	0.11%	0.1%	0.1%
	KMI	B	0.19%	0.09%	0.09%
	KMX	C	0.07%	0.03%	0.03%
	KO	B	0.43%	0.58%	0.43%
	KR	C	0.28%	0.07%	0.07%
	KVUE	A	0.03%	0.08%	0.03%
	L	B	0.05%	0.03%	0.03%
	LDOS	B	0.08%	0.04%	0.04%
	LEN	B	0.19%	0.09%	0.09%
	LEN	B	0.19%	0.0%	0.0%
	LHX	C	0.16%	0.09%	0.09%
	LII	C	0.03%	0.04%	0.03%
	LIN	B	0.35%	0.47%	0.35%
	LKQ	D	0.05%	0.02%	0.02%
	LLY	B	0.27%	1.63%	0.27%
	LMT	A	0.39%	0.25%	0.25%
	LNG	B	0.05%	0.09%	0.05%
	LNT	A	0.04%	0.03%	0.03%
	LOW	B	0.41%	0.29%	0.29%
	LPLA	D	0.03%	0.03%	0.03%
	LRCX	F	0.17%	0.21%	0.17%
	LULU	F	0.02%	0.06%	0.02%
	LUV	A	0.02%	0.04%	0.02%
	LVS	D	0.03%	0.03%	0.03%
	LW	D	0.01%	0.02%	0.01%
	LYB	D	0.16%	0.05%	0.05%
	MA	B	0.27%	0.81%	0.27%
	MAA	B	0.04%	0.04%	0.04%
	MAR	D	0.08%	0.12%	0.08%
	MAS	B	0.06%	0.04%	0.04%
	MCD	A	0.33%	0.43%	0.33%
	MCHP	D	0.06%	0.09%	0.06%
	MCK	D	0.1%	0.15%	0.1%
	MCO	B	0.08%	0.16%	0.08%
	MDLZ	A	0.22%	0.19%	0.19%
	MDT	A	0.27%	0.24%	0.24%
	MET	B	0.26%	0.09%	0.09%
	META	C	1.8%	2.33%	1.8%
	MGM	F	0.05%	0.02%	0.02%
	MKC	A	0.04%	0.04%	0.04%
	MKL	C	0.05%	0.04%	0.04%
	MLM	D	0.04%	0.07%	0.04%
	MMC	A	0.15%	0.23%	0.15%
	MMM	B	0.4%	0.15%	0.15%
	MNST	D	0.04%	0.07%	0.04%
	MO	A	0.39%	0.19%	0.19%
	MOH	C	0.05%	0.04%	0.04%
	MOS	F	0.06%	0.02%	0.02%
	MPC	D	0.43%	0.12%	0.12%
	MRK	D	0.51%	0.61%	0.51%
	MRNA	F	0.04%	0.05%	0.04%
	MRO	C	0.08%	0.03%	0.03%
	MRVL	D	0.03%	0.12%	0.03%
	MS	C	0.37%	0.26%	0.26%
	MSCI	B	0.03%	0.09%	0.03%
	MSFT	D	2.42%	6.3%	2.42%
	MSI	B	0.06%	0.15%	0.06%
	MTB	B	0.1%	0.06%	0.06%
	MTD	C	0.04%	0.06%	0.04%
	MU	F	0.38%	0.22%	0.22%
	NDAQ	A	0.03%	0.06%	0.03%
	NEE	A	0.27%	0.34%	0.27%
	NEM	B	0.19%	0.13%	0.13%
	NFLX	B	0.15%	0.61%	0.15%
	NI	A	0.04%	0.03%	0.03%
	NKE	C	0.19%	0.2%	0.19%
	NOC	B	0.21%	0.16%	0.16%
	NOW	B	0.01%	0.35%	0.01%
	NRG	C	0.11%	0.04%	0.04%
	NSC	B	0.2%	0.12%	0.12%
	NTAP	D	0.09%	0.05%	0.05%
	NTRS	B	0.07%	0.04%	0.04%
	NUE	F	0.18%	0.07%	0.07%
	NVDA	D	0.4%	5.75%	0.4%
	NVR	B	0.08%	0.06%	0.06%
	NWSA	C	0.04%	0.02%	0.02%
	NXPI	D	0.08%	0.13%	0.08%
	O	A	0.04%	0.11%	0.04%
	OC	D	0.06%	0.03%	0.03%
	ODFL	D	0.05%	0.07%	0.05%
	OKE	A	0.12%	0.11%	0.11%
	OMC	B	0.08%	0.04%	0.04%
	ON	D	0.04%	0.07%	0.04%
	ORCL	A	0.4%	0.46%	0.4%
	ORLY	B	0.1%	0.14%	0.1%
	OTIS	D	0.05%	0.08%	0.05%
	OXY	F	0.12%	0.07%	0.07%
	PANW	B	0.03%	0.24%	0.03%
	PAYX	B	0.06%	0.09%	0.06%
	PCAR	D	0.13%	0.1%	0.1%
	PCG	A	0.03%	0.09%	0.03%
	PEG	B	0.11%	0.08%	0.08%
	PEP	A	0.44%	0.49%	0.44%
	PFE	D	0.73%	0.33%	0.33%
	PFG	D	0.08%	0.04%	0.04%
	PG	A	0.81%	0.82%	0.81%
	PGR	A	0.25%	0.3%	0.25%
	PH	B	0.12%	0.16%	0.12%
	PHM	B	0.12%	0.06%	0.06%
	PKG	B	0.07%	0.04%	0.04%
	PLD	B	0.08%	0.24%	0.08%
	PM	A	0.5%	0.39%	0.39%
	PNC	B	0.29%	0.15%	0.15%
	PNR	B	0.03%	0.03%	0.03%
	POOL	C	0.02%	0.03%	0.02%
	PPG	D	0.08%	0.06%	0.06%
	PPL	A	0.11%	0.05%	0.05%
	PRU	C	0.23%	0.09%	0.09%
	PSA	A	0.06%	0.11%	0.06%
	PSX	D	0.38%	0.12%	0.12%
	PWR	C	0.06%	0.08%	0.06%
	PYPL	B	0.19%	0.16%	0.16%
	QCOM	F	0.48%	0.39%	0.39%
	QRVO	D	0.05%	0.02%	0.02%
	REG	A	0.02%	0.02%	0.02%
	REGN	B	0.16%	0.26%	0.16%
	RF	B	0.08%	0.04%	0.04%
	RGA	B	0.04%	0.03%	0.03%
	RJF	D	0.04%	0.05%	0.04%
	RMD	A	0.04%	0.07%	0.04%
	ROK	D	0.05%	0.06%	0.05%
	ROP	C	0.05%	0.12%	0.05%
	ROST	B	0.08%	0.1%	0.08%
	RSG	B	0.07%	0.09%	0.07%
	RTX	B	0.37%	0.33%	0.33%
	SBAC	A	0.02%	0.05%	0.02%
	SBUX	B	0.26%	0.22%	0.22%
	SCHW	D	0.1%	0.19%	0.1%
	SHW	B	0.09%	0.17%	0.09%
	SJM	A	0.06%	0.02%	0.02%
	SLB	F	0.12%	0.13%	0.12%
	SNA	D	0.04%	0.03%	0.03%
	SNPS	D	0.03%	0.16%	0.03%
	SO	A	0.27%	0.19%	0.19%
	SPG	B	0.11%	0.1%	0.1%
	SPGI	A	0.15%	0.33%	0.15%
	SQ	D	0.02%	0.08%	0.02%
	SRE	B	0.12%	0.11%	0.11%
	SSNC	B	0.04%	0.03%	0.03%
	STE	A	0.03%	0.05%	0.03%
	STLD	D	0.09%	0.04%	0.04%
	STT	B	0.1%	0.05%	0.05%
	STX	D	0.1%	0.04%	0.04%
	STZ	B	0.07%	0.08%	0.07%
	SUI	A	0.02%	0.03%	0.02%
	SW	D	0.11%	0.05%	0.05%
	SWK	B	0.08%	0.03%	0.03%
	SWKS	D	0.05%	0.04%	0.04%
	SYF	C	0.29%	0.04%	0.04%
	SYK	A	0.12%	0.26%	0.12%
	SYY	A	0.1%	0.08%	0.08%
	T	A	1.25%	0.29%	0.29%
	TAP	C	0.05%	0.02%	0.02%
	TDG	B	0.08%	0.16%	0.08%
	TDY	B	0.02%	0.04%	0.02%
	TEL	C	0.11%	0.1%	0.1%
	TER	D	0.05%	0.04%	0.04%
	TFC	B	0.23%	0.12%	0.12%
	TFX	A	0.02%	0.02%	0.02%
	TGT	B	0.39%	0.15%	0.15%
	TJX	B	0.24%	0.27%	0.24%
	TMO	A	0.29%	0.48%	0.29%
	TMUS	B	0.23%	0.16%	0.16%
	TRGP	A	0.06%	0.07%	0.06%
	TRMB	D	0.03%	0.03%	0.03%
	TROW	D	0.12%	0.05%	0.05%
	TRU	B	0.03%	0.04%	0.03%
	TRV	A	0.28%	0.11%	0.11%
	TSCO	B	0.06%	0.06%	0.06%
	TSLA	D	0.16%	1.17%	0.16%
	TSN	A	0.21%	0.04%	0.04%
	TT	B	0.09%	0.17%	0.09%
	TTWO	B	0.03%	0.05%	0.03%
	TXN	C	0.36%	0.39%	0.36%
	TXT	D	0.06%	0.04%	0.04%
	UBER	B	0.04%	0.3%	0.04%
	UDR	B	0.02%	0.03%	0.02%
	UHS	B	0.11%	0.03%	0.03%
	ULTA	D	0.03%	0.04%	0.03%
	UNH	A	1.24%	1.12%	1.12%
	UNP	B	0.4%	0.32%	0.32%
	UPS	F	0.25%	0.19%	0.19%
	URI	C	0.12%	0.1%	0.1%
	USB	B	0.31%	0.15%	0.15%
	V	A	0.32%	0.89%	0.32%
	VICI	A	0.02%	0.07%	0.02%
	VLO	D	0.4%	0.09%	0.09%
	VMC	D	0.04%	0.07%	0.04%
	VRSK	C	0.04%	0.08%	0.04%
	VRSN	C	0.01%	0.03%	0.01%
	VRTX	D	0.08%	0.26%	0.08%
	VST	C	0.12%	0.06%	0.06%
	VTR	A	0.08%	0.05%	0.05%
	VTRS	C	0.1%	0.03%	0.03%
	VZ	B	1.23%	0.36%	0.36%
	WAB	B	0.06%	0.06%	0.06%
	WAT	B	0.04%	0.04%	0.04%
	WBA	F	0.14%	0.01%	0.01%
	WBD	D	0.06%	0.04%	0.04%
	WDC	D	0.13%	0.04%	0.04%
	WEC	A	0.08%	0.06%	0.06%
	WELL	A	0.1%	0.15%	0.1%
	WFC	D	1.17%	0.41%	0.41%
	WLK	D	0.02%	0.01%	0.01%
	WM	D	0.15%	0.16%	0.15%
	WMB	B	0.15%	0.11%	0.11%
	WMT	A	1.43%	0.68%	0.68%
	WPC	A	0.02%	0.03%	0.02%
	WRB	B	0.04%	0.04%	0.04%
	WSO	D	0.03%	0.03%	0.03%
	WST	D	0.02%	0.05%	0.02%
	WTW	A	0.07%	0.06%	0.06%
	WY	C	0.09%	0.05%	0.05%
	XEL	A	0.11%	0.07%	0.07%
	XOM	C	1.99%	1.09%	1.09%
	XYL	D	0.04%	0.07%	0.04%
	YUM	B	0.08%	0.08%	0.08%
	ZBH	D	0.05%	0.05%	0.05%
	ZBRA	C	0.04%	0.04%	0.04%
	ZTS	A	0.08%	0.17%	0.08%

FNDX Overweight 245 Positions Relative to BBUS

	Symbol	Grade	Weight
	LUMN	B	0.5%
	ALLY	C	0.13%
	PARA	F	0.1%
	ARW	B	0.09%
	JLL	B	0.09%
	CHRW	B	0.08%
	RS	D	0.08%
	X	F	0.08%
	AVT	C	0.08%
	THC	B	0.08%
	R	C	0.07%
	KSS	F	0.07%
	WHR	D	0.07%
	USFD	B	0.07%
	OGN	C	0.07%
	MHK	B	0.07%
	TOL	B	0.06%
	OMF	D	0.06%
	LAD	C	0.06%
	LNC	C	0.06%
	CMA	B	0.06%
	LEA	F	0.06%
	VFC	B	0.06%
	DVA	B	0.06%
	INGR	A	0.05%
	MUSA	B	0.05%
	TDS	B	0.05%
	IVZ	C	0.05%
	AA	F	0.05%
	SFM	B	0.05%
	UGI	C	0.05%
	ORI	B	0.05%
	CSL	C	0.05%
	KD	D	0.05%
	GPI	B	0.05%
	DXC	A	0.05%
	UNM	B	0.05%
	BWA	D	0.05%
	OVV	F	0.05%
	LSXMK	C	0.05%
	JBL	F	0.05%
	DINO	F	0.05%
	MAN	D	0.05%
	DKS	C	0.05%
	WSM	D	0.05%
	CASY	C	0.05%
	PFGC	B	0.05%
	JEF	B	0.05%
	ZION	C	0.05%
	AN	C	0.05%
	EME	C	0.05%
	M	F	0.05%
	HAS	B	0.04%
	BCC	C	0.04%
	AMG	C	0.04%
	AYI	C	0.04%
	BAP	B	0.04%
	MTH	B	0.04%
	OSK	D	0.04%
	TPR	B	0.04%
	SLM	D	0.04%
	TMHC	B	0.04%
	WU	C	0.04%
	DOX	C	0.04%
	CNO	B	0.04%
	KNX	D	0.04%
	FL	D	0.04%
	JXN	C	0.04%
	PVH	F	0.04%
	EVR	B	0.04%
	THO	C	0.04%
	FAF	A	0.04%
	HSIC	C	0.04%
	BERY	B	0.04%
	VNO	B	0.04%
	PNW	A	0.04%
	ACM	B	0.04%
	ZIM	D	0.04%
	ALSN	B	0.04%
	VOYA	B	0.03%
	SAIC	B	0.03%
	SEE	D	0.03%
	ABG	D	0.03%
	NSIT	C	0.03%
	AOS	D	0.03%
	SKX	B	0.03%
	ABM	C	0.03%
	SCI	B	0.03%
	ITT	C	0.03%
	SNV	C	0.03%
	ALV	D	0.03%
	MTG	B	0.03%
	HOG	B	0.03%
	SON	A	0.03%
	CW	B	0.03%
	NWL	A	0.03%
	CIEN	B	0.03%
	BC	D	0.03%
	SNX	D	0.03%
	SWN	F	0.03%
	RL	A	0.03%
	BBWI	F	0.03%
	JHG	B	0.03%
	GNTX	D	0.03%
	AER	C	0.03%
	AGCO	F	0.03%
	AIZ	B	0.03%
	FLR	C	0.03%
	BPOP	B	0.03%
	PBF	F	0.03%
	CHKP	B	0.03%
	FHN	C	0.03%
	ARMK	A	0.03%
	SLG	B	0.03%
	CMC	D	0.03%
	OLN	F	0.03%
	FMC	C	0.03%
	AAP	F	0.03%
	RRX	D	0.03%
	MLI	B	0.03%
	OGE	B	0.03%
	MTZ	C	0.03%
	FYBR	A	0.03%
	TPH	B	0.03%
	CLF	F	0.03%
	GL	B	0.03%
	GNW	B	0.03%
	KBH	B	0.03%
	HBI	B	0.03%
	GT	F	0.03%
	CCEP	A	0.03%
	RHI	D	0.03%
	WCC	D	0.03%
	NXST	D	0.03%
	SANM	D	0.03%
	CACI	B	0.03%
	GPK	B	0.03%
	RPM	A	0.03%
	UFPI	D	0.03%
	HUN	D	0.03%
	SOLV	B	0.03%
	LPX	B	0.03%
	AEO	D	0.02%
	ADNT	F	0.02%
	ODP	F	0.02%
	UNFI	A	0.02%
	LEG	D	0.02%
	CBOE	A	0.02%
	CNX	B	0.02%
	CZR	D	0.02%
	GXO	D	0.02%
	MPW	C	0.02%
	OI	C	0.02%
	XRAY	D	0.02%
	DAN	F	0.02%
	CYH	A	0.02%
	FLO	A	0.02%
	WERN	D	0.02%
	CHK	F	0.02%
	MIDD	D	0.02%
	PENN	F	0.02%
	ICLR	D	0.02%
	FTI	D	0.02%
	CRI	C	0.02%
	TGNA	D	0.02%
	BECN	D	0.02%
	LECO	F	0.02%
	JWN	A	0.02%
	HUBG	B	0.02%
	POR	B	0.02%
	PRGO	C	0.02%
	MKSI	F	0.02%
	TKR	D	0.02%
	CAR	F	0.02%
	GGG	D	0.02%
	ASO	C	0.02%
	CC	F	0.02%
	UHAL	B	0.02%
	AL	D	0.02%
	REZI	D	0.02%
	NFG	B	0.02%
	TPX	D	0.02%
	SM	D	0.02%
	NDSN	C	0.02%
	ASGN	D	0.02%
	TTC	D	0.02%
	NVT	F	0.02%
	KBR	C	0.02%
	GNRC	C	0.02%
	GLPI	A	0.02%
	RUSHA	C	0.02%
	HRB	B	0.02%
	MUR	F	0.02%
	DAR	D	0.02%
	DCI	C	0.02%
	AR	F	0.02%
	NAVI	C	0.02%
	XRX	D	0.02%
	ATR	A	0.02%
	EXP	B	0.02%
	MDU	D	0.02%
	STWD	C	0.02%
	POST	B	0.02%
	BTU	D	0.02%
	AXTA	C	0.02%
	PAG	C	0.02%
	BJ	D	0.02%
	CTLT	A	0.02%
	CPRI	C	0.02%
	LAMR	B	0.02%
	ST	D	0.02%
	SEIC	D	0.02%
	THG	A	0.02%
	EHC	B	0.02%
	PRI	B	0.02%
	BRX	A	0.02%
	QRTEA	F	0.02%
	G	B	0.02%
	NOV	F	0.02%
	LSTR	D	0.02%
	PII	D	0.02%
	PK	D	0.02%
	ALK	D	0.01%
	HTZ	F	0.01%
	CNXC	C	0.01%
	COHR	C	0.01%
	MATX	C	0.01%
	DBX	D	0.01%
	ANDE	D	0.01%
	VSH	F	0.01%
	MSM	D	0.01%
	WTRG	D	0.01%
	ARCH	F	0.01%
	DK	F	0.01%
	JAZZ	D	0.01%
	CHE	C	0.01%
	VAC	F	0.01%
	TNL	D	0.01%
	MMS	C	0.01%
	MTN	C	0.01%
	LILAK	D	0.01%
	SPTN	A	0.01%
	BLD	D	0.01%
	BIG	F	0.0%
	AAL	C	0.0%

FNDX Underweight 67 Positions Relative to BBUS

	Symbol	Grade	Weight
	MELI	B	-0.2%
	PLTR	B	-0.13%
	CRWD	F	-0.13%
	WDAY	C	-0.11%
	ABNB	F	-0.1%
	FICO	A	-0.09%
	MPWR	C	-0.09%
	TTD	B	-0.09%
	COIN	F	-0.08%
	SNOW	F	-0.08%
	DASH	B	-0.08%
	RCL	C	-0.08%
	VEEV	A	-0.07%
	DDOG	D	-0.07%
	ALNY	C	-0.07%
	DXCM	F	-0.06%
	VRT	F	-0.06%
	CSGP	C	-0.06%
	SMCI	F	-0.05%
	RBLX	B	-0.05%
	NET	F	-0.05%
	TYL	A	-0.05%
	HUBS	F	-0.05%
	AXON	B	-0.05%
	CPNG	B	-0.05%
	TEAM	F	-0.05%
	VLTO	B	-0.05%
	ARES	C	-0.05%
	BMRN	D	-0.04%
	MDB	C	-0.04%
	ZS	F	-0.04%
	PINS	F	-0.04%
	PTC	D	-0.04%
	OKTA	F	-0.03%
	NBIX	D	-0.03%
	ELS	A	-0.03%
	DT	A	-0.03%
	UAL	C	-0.03%
	PODD	A	-0.03%
	LYV	D	-0.03%
	ROL	B	-0.03%
	HEI	B	-0.03%
	FDS	C	-0.03%
	ENPH	D	-0.03%
	ZM	B	-0.03%
	TPL	C	-0.03%
	ENTG	D	-0.03%
	PAYC	D	-0.02%
	SCCO	D	-0.02%
	Z	B	-0.02%
	DAY	C	-0.02%
	SNAP	F	-0.02%
	TWLO	D	-0.02%
	HEI	B	-0.02%
	INCY	C	-0.02%
	EXAS	B	-0.02%
	RPRX	B	-0.02%
	TECH	D	-0.02%
	DOCU	A	-0.02%
	AGR	B	-0.01%
	ZG	B	-0.01%
	NWS	C	-0.01%
	U	D	-0.01%
	FOX	B	-0.01%
	BSY	D	-0.01%
	WYNN	D	-0.01%
	SIRI	F	-0.0%

FNDX: Top Represented Industries & Keywords

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

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

BBUS: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Diversified Industrials Business Services Semiconductors Asset Management Diagnostics & Research Aerospace & Defense Banks - Regional - US Oil & Gas E&P Biotechnology Capital Markets Drug Manufacturers - Major Insurance - Property & Casualty Packaged Foods REIT - Residential Software - Infrastructure Specialty Chemicals Specialty Retail Medical Devices

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