FNDX vs. CFA ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Compass EMP US 500 Volatility Weighted Index ETF (CFA)

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

$24.64

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$89.48

Average Daily Volume

9,726

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	CFA
30 Days	2.37%	3.34%
60 Days	4.07%	5.30%
90 Days	5.72%	7.24%
12 Months	28.68%	28.42%

427 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in CFA	Overlap
A	D	0.05%	0.16%	0.05%
AAPL	C	4.35%	0.2%	0.2%
ABBV	F	0.49%	0.2%	0.2%
ABT	B	0.34%	0.27%	0.27%
ACGL	C	0.03%	0.2%	0.03%
ACM	B	0.05%	0.23%	0.05%
ACN	B	0.36%	0.2%	0.2%
ADBE	C	0.2%	0.11%	0.11%
ADI	D	0.13%	0.13%	0.13%
ADM	D	0.21%	0.11%	0.11%
ADP	A	0.15%	0.35%	0.15%
ADSK	A	0.03%	0.2%	0.03%
AEE	A	0.07%	0.26%	0.07%
AEP	C	0.16%	0.23%	0.16%
AES	F	0.05%	0.1%	0.05%
AFG	A	0.05%	0.26%	0.05%
AFL	B	0.21%	0.23%	0.21%
AIG	B	0.28%	0.23%	0.23%
AJG	A	0.05%	0.25%	0.05%
AKAM	D	0.03%	0.15%	0.03%
ALGN	D	0.02%	0.12%	0.02%
ALL	A	0.27%	0.24%	0.24%
ALLE	C	0.01%	0.21%	0.01%
ALLY	C	0.1%	0.12%	0.1%
AMAT	F	0.24%	0.1%	0.1%
AMD	F	0.09%	0.09%	0.09%
AME	A	0.05%	0.25%	0.05%
AMGN	F	0.39%	0.15%	0.15%
AMP	A	0.15%	0.32%	0.15%
AMZN	C	1.56%	0.2%	0.2%
ANET	C	0.04%	0.12%	0.04%
AON	A	0.13%	0.23%	0.13%
AOS	F	0.02%	0.17%	0.02%
APD	A	0.13%	0.19%	0.13%
APH	A	0.09%	0.2%	0.09%
APO	B	0.03%	0.22%	0.03%
APTV	F	0.02%	0.09%	0.02%
ATO	A	0.04%	0.35%	0.04%
AVGO	D	0.61%	0.1%	0.1%
AVTR	F	0.02%	0.11%	0.02%
AVY	F	0.04%	0.25%	0.04%
AWK	C	0.04%	0.22%	0.04%
AXP	A	0.36%	0.23%	0.23%
AZO	C	0.06%	0.22%	0.06%
BAC	A	1.3%	0.24%	0.24%
BAH	F	0.03%	0.15%	0.03%
BBY	D	0.16%	0.12%	0.12%
BDX	F	0.11%	0.24%	0.11%
BG	D	0.1%	0.17%	0.1%
BIIB	F	0.09%	0.13%	0.09%
BK	A	0.26%	0.31%	0.26%
BKNG	A	0.24%	0.22%	0.22%
BKR	A	0.16%	0.23%	0.16%
BLD	D	0.01%	0.1%	0.01%
BLDR	D	0.06%	0.1%	0.06%
BLK	B	0.28%	0.29%	0.28%
BR	A	0.03%	0.26%	0.03%
BRK.A	B	2.17%	0.35%	0.35%
BRO	B	0.02%	0.26%	0.02%
BSX	A	0.09%	0.3%	0.09%
BURL	B	0.03%	0.13%	0.03%
BX	A	0.13%	0.2%	0.13%
C	A	1.1%	0.21%	0.21%
CAG	F	0.06%	0.19%	0.06%
CAH	B	0.07%	0.23%	0.07%
CARR	C	0.12%	0.16%	0.12%
CASY	A	0.05%	0.18%	0.05%
CAT	B	0.41%	0.2%	0.2%
CB	C	0.26%	0.28%	0.26%
CBOE	C	0.01%	0.23%	0.01%
CBRE	B	0.13%	0.19%	0.13%
CDNS	B	0.03%	0.16%	0.03%
CDW	F	0.04%	0.15%	0.04%
CE	F	0.03%	0.1%	0.03%
CEG	C	0.1%	0.12%	0.1%
CF	A	0.07%	0.18%	0.07%
CFG	B	0.1%	0.17%	0.1%
CHD	A	0.04%	0.32%	0.04%
CHRW	B	0.08%	0.15%	0.08%
CHTR	C	0.35%	0.13%	0.13%
CI	D	0.48%	0.22%	0.22%
CINF	A	0.07%	0.25%	0.07%
CL	D	0.13%	0.29%	0.13%
CLX	A	0.04%	0.23%	0.04%
CMCSA	B	0.83%	0.24%	0.24%
CME	B	0.08%	0.28%	0.08%
CMG	B	0.04%	0.17%	0.04%
CMI	A	0.19%	0.23%	0.19%
CMS	C	0.06%	0.27%	0.06%
CNC	D	0.19%	0.14%	0.14%
CNP	A	0.06%	0.25%	0.06%
COF	C	0.48%	0.23%	0.23%
COP	C	0.48%	0.24%	0.24%
COR	B	0.02%	0.28%	0.02%
COST	A	0.66%	0.24%	0.24%
CPAY	A	0.06%	0.21%	0.06%
CPB	D	0.03%	0.2%	0.03%
CPRT	B	0.03%	0.27%	0.03%
CRBG	B	0.04%	0.17%	0.04%
CRM	B	0.15%	0.17%	0.15%
CSCO	B	0.82%	0.29%	0.29%
CSL	C	0.05%	0.19%	0.05%
CSX	C	0.22%	0.28%	0.22%
CTAS	B	0.08%	0.26%	0.08%
CTRA	B	0.03%	0.23%	0.03%
CTSH	B	0.19%	0.23%	0.19%
CTVA	C	0.09%	0.15%	0.09%
CVS	D	0.68%	0.14%	0.14%
CVX	A	1.25%	0.27%	0.27%
CW	C	0.03%	0.26%	0.03%
D	C	0.17%	0.21%	0.17%
DAL	B	0.03%	0.22%	0.03%
DD	C	0.17%	0.17%	0.17%
DE	B	0.23%	0.21%	0.21%
DECK	A	0.03%	0.13%	0.03%
DELL	B	0.03%	0.09%	0.03%
DG	F	0.08%	0.09%	0.08%
DGX	A	0.07%	0.24%	0.07%
DHI	F	0.16%	0.12%	0.12%
DHR	F	0.15%	0.18%	0.15%
DIS	B	0.45%	0.22%	0.22%
DKS	D	0.04%	0.1%	0.04%
DOV	A	0.06%	0.25%	0.06%
DOW	F	0.18%	0.2%	0.18%
DPZ	C	0.03%	0.17%	0.03%
DRI	B	0.05%	0.23%	0.05%
DTE	C	0.07%	0.24%	0.07%
DUK	C	0.3%	0.3%	0.3%
DVA	C	0.06%	0.18%	0.06%
DVN	F	0.09%	0.17%	0.09%
EA	A	0.09%	0.29%	0.09%
EBAY	D	0.17%	0.2%	0.17%
ECL	D	0.08%	0.23%	0.08%
ED	C	0.12%	0.26%	0.12%
EFX	F	0.03%	0.13%	0.03%
EG	C	0.02%	0.19%	0.02%
EIX	B	0.1%	0.24%	0.1%
EL	F	0.03%	0.09%	0.03%
ELV	F	0.36%	0.17%	0.17%
EME	A	0.06%	0.2%	0.06%
EMN	C	0.08%	0.22%	0.08%
EMR	B	0.17%	0.23%	0.17%
EOG	A	0.23%	0.23%	0.23%
EPAM	B	0.02%	0.12%	0.02%
EQH	C	0.05%	0.23%	0.05%
EQT	B	0.04%	0.2%	0.04%
ETN	A	0.23%	0.19%	0.19%
ETR	B	0.12%	0.32%	0.12%
EVRG	A	0.07%	0.29%	0.07%
EW	C	0.04%	0.1%	0.04%
EWBC	A	0.03%	0.21%	0.03%
EXC	C	0.17%	0.22%	0.17%
EXPD	C	0.04%	0.22%	0.04%
EXPE	B	0.04%	0.15%	0.04%
F	C	0.33%	0.12%	0.12%
FANG	C	0.05%	0.17%	0.05%
FAST	B	0.07%	0.26%	0.07%
FCNCA	A	0.02%	0.17%	0.02%
FCX	F	0.14%	0.13%	0.13%
FDX	B	0.32%	0.15%	0.15%
FE	C	0.09%	0.27%	0.09%
FFIV	B	0.03%	0.21%	0.03%
FI	A	0.13%	0.34%	0.13%
FIS	C	0.12%	0.22%	0.12%
FITB	B	0.13%	0.19%	0.13%
FNF	B	0.06%	0.2%	0.06%
FOXA	A	0.1%	0.25%	0.1%
FSLR	F	0.01%	0.08%	0.01%
FTNT	C	0.03%	0.14%	0.03%
FTV	C	0.03%	0.21%	0.03%
GD	D	0.21%	0.29%	0.21%
GDDY	A	0.03%	0.24%	0.03%
GE	D	0.15%	0.17%	0.15%
GEHC	D	0.09%	0.15%	0.09%
GEN	B	0.04%	0.17%	0.04%
GEV	B	0.04%	0.15%	0.04%
GGG	B	0.02%	0.27%	0.02%
GILD	C	0.37%	0.21%	0.21%
GIS	D	0.11%	0.21%	0.11%
GLW	B	0.14%	0.19%	0.14%
GM	C	0.79%	0.19%	0.19%
GOOGL	C	1.33%	0.19%	0.19%
GPC	D	0.05%	0.17%	0.05%
GPN	B	0.09%	0.17%	0.09%
GRMN	B	0.03%	0.21%	0.03%
GS	A	0.62%	0.24%	0.24%
GWW	B	0.08%	0.27%	0.08%
HAL	C	0.06%	0.18%	0.06%
HBAN	A	0.08%	0.21%	0.08%
HCA	F	0.2%	0.17%	0.17%
HD	B	0.8%	0.25%	0.25%
HIG	B	0.14%	0.25%	0.14%
HII	F	0.03%	0.15%	0.03%
HLT	A	0.06%	0.29%	0.06%
HOLX	D	0.04%	0.29%	0.04%
HON	C	0.37%	0.33%	0.33%
HPE	B	0.21%	0.15%	0.15%
HPQ	B	0.21%	0.15%	0.15%
HRL	D	0.03%	0.15%	0.03%
HSY	F	0.04%	0.19%	0.04%
HUBB	B	0.03%	0.18%	0.03%
HUM	C	0.19%	0.1%	0.1%
HWM	A	0.07%	0.16%	0.07%
IBM	C	0.54%	0.21%	0.21%
ICE	C	0.11%	0.3%	0.11%
IDXX	F	0.02%	0.16%	0.02%
IEX	C	0.03%	0.27%	0.03%
INTC	C	0.89%	0.1%	0.1%
INTU	B	0.11%	0.18%	0.11%
IP	A	0.17%	0.19%	0.17%
IPG	D	0.04%	0.19%	0.04%
IQV	F	0.07%	0.12%	0.07%
IR	B	0.03%	0.2%	0.03%
ISRG	A	0.09%	0.19%	0.09%
IT	C	0.03%	0.21%	0.03%
ITT	A	0.03%	0.2%	0.03%
ITW	B	0.15%	0.33%	0.15%
J	D	0.05%	0.23%	0.05%
JBHT	C	0.05%	0.18%	0.05%
JBL	C	0.06%	0.13%	0.06%
JCI	B	0.16%	0.21%	0.16%
JEF	A	0.06%	0.24%	0.06%
JKHY	D	0.02%	0.25%	0.02%
JLL	D	0.08%	0.15%	0.08%
JNJ	C	0.89%	0.28%	0.28%
JPM	A	2.03%	0.26%	0.26%
KDP	F	0.07%	0.24%	0.07%
KEY	B	0.1%	0.16%	0.1%
KEYS	A	0.04%	0.14%	0.04%
KHC	F	0.09%	0.2%	0.09%
KKR	A	0.12%	0.18%	0.12%
KLAC	F	0.08%	0.09%	0.08%
KMB	C	0.1%	0.23%	0.1%
KMI	A	0.23%	0.37%	0.23%
KMX	B	0.06%	0.12%	0.06%
KO	D	0.35%	0.33%	0.33%
KR	B	0.3%	0.24%	0.24%
KVUE	A	0.05%	0.18%	0.05%
L	A	0.05%	0.33%	0.05%
LDOS	C	0.07%	0.26%	0.07%
LEN	D	0.16%	0.14%	0.14%
LH	B	0.09%	0.22%	0.09%
LHX	C	0.16%	0.28%	0.16%
LII	A	0.03%	0.18%	0.03%
LIN	C	0.33%	0.3%	0.3%
LLY	F	0.2%	0.12%	0.12%
LMT	D	0.37%	0.3%	0.3%
LNG	A	0.06%	0.3%	0.06%
LNT	A	0.04%	0.27%	0.04%
LOW	C	0.43%	0.22%	0.22%
LPLA	A	0.04%	0.21%	0.04%
LRCX	F	0.15%	0.1%	0.1%
LUV	C	0.02%	0.13%	0.02%
LVS	B	0.04%	0.21%	0.04%
LYB	F	0.14%	0.22%	0.14%
MA	B	0.29%	0.32%	0.29%
MAR	A	0.09%	0.27%	0.09%
MAS	D	0.05%	0.17%	0.05%
MCD	D	0.34%	0.26%	0.26%
MCHP	F	0.05%	0.1%	0.05%
MCK	A	0.11%	0.24%	0.11%
MCO	B	0.07%	0.23%	0.07%
MDLZ	F	0.2%	0.24%	0.2%
MDT	D	0.16%	0.25%	0.16%
MET	A	0.26%	0.26%	0.26%
META	D	1.79%	0.13%	0.13%
MGM	D	0.06%	0.14%	0.06%
MKC	C	0.03%	0.18%	0.03%
MKL	A	0.05%	0.25%	0.05%
MLM	C	0.04%	0.22%	0.04%
MMC	B	0.14%	0.3%	0.14%
MMM	D	0.35%	0.12%	0.12%
MNST	C	0.05%	0.23%	0.05%
MO	A	0.37%	0.27%	0.27%
MOH	F	0.05%	0.13%	0.05%
MPC	D	0.4%	0.15%	0.15%
MRK	D	0.42%	0.18%	0.18%
MS	A	0.46%	0.26%	0.26%
MSCI	C	0.03%	0.16%	0.03%
MSFT	D	2.43%	0.24%	0.24%
MSI	B	0.07%	0.31%	0.07%
MTB	A	0.11%	0.22%	0.11%
MTD	F	0.03%	0.11%	0.03%
NDAQ	A	0.03%	0.26%	0.03%
NDSN	B	0.02%	0.21%	0.02%
NEE	C	0.24%	0.17%	0.17%
NFLX	A	0.17%	0.19%	0.17%
NI	A	0.05%	0.32%	0.05%
NKE	F	0.19%	0.12%	0.12%
NOC	D	0.2%	0.23%	0.2%
NOW	A	0.01%	0.15%	0.01%
NRG	B	0.1%	0.15%	0.1%
NSC	B	0.21%	0.18%	0.18%
NTAP	C	0.07%	0.14%	0.07%
NTRS	A	0.08%	0.24%	0.08%
NUE	C	0.19%	0.17%	0.17%
NVDA	B	0.4%	0.1%	0.1%
NVR	D	0.08%	0.19%	0.08%
NWSA	A	0.04%	0.22%	0.04%
NXPI	D	0.05%	0.11%	0.05%
OC	A	0.07%	0.18%	0.07%
ODFL	C	0.06%	0.17%	0.06%
OKE	A	0.14%	0.32%	0.14%
OMC	C	0.08%	0.22%	0.08%
ON	D	0.04%	0.08%	0.04%
ORCL	A	0.5%	0.2%	0.2%
ORLY	B	0.11%	0.26%	0.11%
OTIS	C	0.05%	0.28%	0.05%
OVV	B	0.06%	0.18%	0.06%
OXY	D	0.11%	0.2%	0.11%
PAG	B	0.02%	0.17%	0.02%
PANW	B	0.03%	0.11%	0.03%
PAYX	B	0.06%	0.27%	0.06%
PCAR	B	0.15%	0.22%	0.15%
PCG	A	0.03%	0.27%	0.03%
PEG	A	0.11%	0.3%	0.11%
PEP	F	0.41%	0.25%	0.25%
PFG	D	0.09%	0.26%	0.09%
PFGC	B	0.06%	0.21%	0.06%
PG	C	0.77%	0.31%	0.31%
PGR	A	0.23%	0.23%	0.23%
PH	A	0.13%	0.2%	0.13%
PHM	D	0.11%	0.15%	0.11%
PKG	A	0.07%	0.29%	0.07%
PM	B	0.48%	0.31%	0.31%
PNC	B	0.3%	0.21%	0.21%
POOL	C	0.02%	0.15%	0.02%
PPG	F	0.08%	0.26%	0.08%
PPL	A	0.11%	0.31%	0.11%
PRU	A	0.22%	0.22%	0.22%
PSX	C	0.36%	0.18%	0.18%
PWR	A	0.07%	0.17%	0.07%
PYPL	B	0.22%	0.16%	0.16%
QCOM	F	0.43%	0.11%	0.11%
REGN	F	0.1%	0.18%	0.1%
RF	A	0.09%	0.2%	0.09%
RGA	A	0.04%	0.22%	0.04%
RJF	A	0.05%	0.3%	0.05%
RMD	C	0.03%	0.11%	0.03%
ROK	C	0.06%	0.14%	0.06%
ROP	B	0.05%	0.26%	0.05%
ROST	D	0.07%	0.22%	0.07%
RPM	A	0.04%	0.26%	0.04%
RS	B	0.09%	0.19%	0.09%
RSG	A	0.06%	0.34%	0.06%
RTX	D	0.34%	0.26%	0.26%
RVTY	F	0.03%	0.14%	0.03%
SBUX	A	0.28%	0.12%	0.12%
SCHW	B	0.13%	0.22%	0.13%
SCI	B	0.03%	0.25%	0.03%
SHW	B	0.08%	0.23%	0.08%
SJM	D	0.05%	0.2%	0.05%
SLB	C	0.12%	0.18%	0.12%
SNA	A	0.06%	0.26%	0.06%
SNPS	B	0.03%	0.14%	0.03%
SO	C	0.26%	0.28%	0.26%
SOLV	D	0.02%	0.13%	0.02%
SPGI	C	0.15%	0.29%	0.15%
SQ	A	0.03%	0.13%	0.03%
SRE	A	0.13%	0.3%	0.13%
SSNC	B	0.04%	0.25%	0.04%
STE	D	0.03%	0.2%	0.03%
STLD	B	0.11%	0.2%	0.11%
STT	B	0.1%	0.24%	0.1%
STX	C	0.09%	0.15%	0.09%
STZ	D	0.07%	0.24%	0.07%
SWKS	F	0.04%	0.1%	0.04%
SYF	B	0.34%	0.2%	0.2%
SYK	B	0.13%	0.26%	0.13%
SYY	D	0.1%	0.23%	0.1%
T	A	1.27%	0.28%	0.28%
TAP	C	0.05%	0.23%	0.05%
TDG	D	0.06%	0.2%	0.06%
TDY	B	0.03%	0.22%	0.03%
TER	F	0.04%	0.08%	0.04%
TFX	F	0.02%	0.14%	0.02%
TGT	F	0.38%	0.15%	0.15%
THC	D	0.07%	0.13%	0.07%
TJX	A	0.22%	0.27%	0.22%
TMO	F	0.25%	0.19%	0.19%
TMUS	B	0.25%	0.42%	0.25%
TOL	B	0.06%	0.13%	0.06%
TRGP	A	0.07%	0.32%	0.07%
TRMB	B	0.03%	0.23%	0.03%
TROW	B	0.13%	0.22%	0.13%
TRV	B	0.31%	0.25%	0.25%
TSCO	D	0.06%	0.2%	0.06%
TSLA	B	0.28%	0.13%	0.13%
TT	A	0.06%	0.23%	0.06%
TXN	C	0.34%	0.17%	0.17%
TXT	D	0.06%	0.19%	0.06%
UBER	F	0.04%	0.12%	0.04%
UHAL	D	0.02%	0.14%	0.02%
UHS	D	0.08%	0.15%	0.08%
ULTA	F	0.03%	0.14%	0.03%
UNH	B	1.22%	0.19%	0.19%
UNP	C	0.35%	0.25%	0.25%
UPS	C	0.28%	0.18%	0.18%
URI	C	0.13%	0.14%	0.13%
USB	A	0.32%	0.19%	0.19%
USFD	A	0.08%	0.22%	0.08%
V	A	0.36%	0.35%	0.35%
VLO	C	0.39%	0.16%	0.16%
VMC	B	0.05%	0.23%	0.05%
VRSK	A	0.04%	0.24%	0.04%
VRSN	C	0.01%	0.25%	0.01%
VST	A	0.16%	0.16%	0.16%
VZ	C	1.13%	0.23%	0.23%
WAB	B	0.06%	0.26%	0.06%
WAT	C	0.04%	0.16%	0.04%
WEC	A	0.08%	0.26%	0.08%
WFC	A	1.35%	0.24%	0.24%
WLK	D	0.02%	0.15%	0.02%
WM	B	0.15%	0.27%	0.15%
WMB	A	0.17%	0.33%	0.17%
WMT	A	1.47%	0.29%	0.29%
WRB	A	0.03%	0.22%	0.03%
WSM	C	0.04%	0.1%	0.04%
WSO	A	0.03%	0.19%	0.03%
WST	C	0.02%	0.13%	0.02%
XEL	A	0.12%	0.23%	0.12%
XOM	B	1.99%	0.26%	0.26%
XYL	D	0.03%	0.21%	0.03%
YUM	D	0.08%	0.29%	0.08%
ZBH	C	0.05%	0.24%	0.05%
ZBRA	B	0.04%	0.15%	0.04%
ZTS	D	0.07%	0.17%	0.07%

FNDX Overweight 294 Positions Relative to CFA

Symbol	Grade	Weight
GOOG	C	1.14%
PFE	F	0.68%
LUMN	C	0.65%
BMY	B	0.45%
MU	D	0.38%
DFS	B	0.26%
TFC	A	0.23%
TSN	B	0.2%
WBA	F	0.17%
NEM	D	0.13%
WDC	D	0.12%
PARA	C	0.11%
BA	F	0.11%
AMT	C	0.11%
VTRS	A	0.1%
WELL	A	0.1%
SPG	A	0.1%
MRO	B	0.09%
SW	A	0.09%
WY	F	0.09%
CCI	C	0.09%
ARW	D	0.08%
VTR	B	0.08%
WHR	B	0.08%
ES	C	0.08%
WKC	C	0.08%
DLR	B	0.08%
EQIX	A	0.08%
WBD	B	0.08%
K	A	0.07%
BAX	F	0.07%
VFC	C	0.07%
SWK	D	0.07%
CMA	B	0.07%
WTW	B	0.07%
R	B	0.07%
PLD	F	0.07%
X	B	0.07%
LAD	A	0.07%
AVT	C	0.07%
VRTX	D	0.07%
HES	B	0.06%
M	F	0.06%
BALL	F	0.06%
UNM	A	0.06%
AA	A	0.06%
ZION	B	0.06%
OMF	A	0.06%
MHK	D	0.06%
CCL	A	0.06%
FLEX	B	0.06%
IRM	C	0.06%
KSS	F	0.06%
MOS	F	0.06%
VNO	C	0.05%
INGR	C	0.05%
ORI	A	0.05%
DLTR	F	0.05%
IVZ	B	0.05%
IFF	D	0.05%
JNPR	D	0.05%
AN	C	0.05%
BXP	C	0.05%
KD	B	0.05%
AVB	B	0.05%
DXC	B	0.05%
ALSN	B	0.05%
LEA	F	0.05%
TDS	B	0.05%
EQR	C	0.05%
GPI	B	0.05%
DINO	D	0.05%
BWA	D	0.05%
TPR	B	0.05%
SFM	A	0.05%
LKQ	F	0.05%
BFH	C	0.05%
PSA	C	0.05%
LNC	C	0.05%
O	C	0.04%
FBIN	D	0.04%
LPX	B	0.04%
BCC	B	0.04%
GAP	C	0.04%
OSK	C	0.04%
AMG	B	0.04%
ZIM	C	0.04%
UFPI	C	0.04%
PNR	A	0.04%
FYBR	C	0.04%
CNO	B	0.04%
HST	C	0.04%
DOX	D	0.04%
SLM	A	0.04%
TMHC	C	0.04%
CCK	D	0.04%
GT	C	0.04%
RHI	C	0.04%
HSIC	C	0.04%
FAF	A	0.04%
MUSA	B	0.04%
BERY	C	0.04%
PVH	C	0.04%
PNW	A	0.04%
BEN	C	0.04%
AYI	B	0.04%
WCC	B	0.04%
THO	B	0.04%
KNX	C	0.04%
EVR	B	0.04%
OGN	F	0.04%
JXN	C	0.04%
MAN	F	0.04%
MRVL	B	0.04%
UGI	C	0.04%
EXP	B	0.03%
SEE	C	0.03%
THG	A	0.03%
LSTR	D	0.03%
PRI	B	0.03%
INVH	D	0.03%
AR	B	0.03%
FMC	D	0.03%
ACI	C	0.03%
MRNA	F	0.03%
GNTX	C	0.03%
AAP	D	0.03%
TRU	D	0.03%
BTU	B	0.03%
BBWI	C	0.03%
KBH	D	0.03%
ILMN	C	0.03%
TPH	D	0.03%
G	B	0.03%
FLR	B	0.03%
SNX	D	0.03%
BC	C	0.03%
ABG	C	0.03%
SNV	C	0.03%
ARE	F	0.03%
ALB	B	0.03%
SEIC	B	0.03%
KIM	A	0.03%
VOYA	B	0.03%
TTWO	A	0.03%
QRVO	F	0.03%
AMCR	C	0.03%
ARMK	B	0.03%
AIZ	A	0.03%
CAR	C	0.03%
OGE	A	0.03%
GPK	C	0.03%
HAS	D	0.03%
EXR	C	0.03%
FL	F	0.03%
RRX	B	0.03%
RL	C	0.03%
AGCO	D	0.03%
CACI	D	0.03%
APA	D	0.03%
ESS	B	0.03%
MTH	D	0.03%
JHG	B	0.03%
CLF	F	0.03%
WU	F	0.03%
CIEN	C	0.03%
GNW	A	0.03%
NXST	C	0.03%
MAA	B	0.03%
CG	B	0.03%
HUN	F	0.03%
FHN	A	0.03%
CMC	B	0.03%
DOC	C	0.03%
OLN	F	0.03%
PBF	D	0.03%
MTZ	B	0.03%
SANM	B	0.03%
NWL	C	0.03%
HBI	B	0.03%
GL	C	0.03%
MLI	B	0.03%
MDU	D	0.02%
MTN	C	0.02%
ODP	F	0.02%
COHR	B	0.02%
ALV	C	0.02%
ALK	B	0.02%
ADNT	F	0.02%
FLO	D	0.02%
MPW	F	0.02%
MATX	C	0.02%
LEG	F	0.02%
BPOP	C	0.02%
CHKP	C	0.02%
ARCH	B	0.02%
TKR	D	0.02%
MIDD	C	0.02%
AER	A	0.02%
NSIT	F	0.02%
KBR	F	0.02%
POR	C	0.02%
MKSI	C	0.02%
VAC	C	0.02%
TTC	C	0.02%
XRX	F	0.02%
WPC	C	0.02%
ASO	F	0.02%
GLPI	C	0.02%
WERN	C	0.02%
LW	C	0.02%
OI	C	0.02%
POST	C	0.02%
NFG	A	0.02%
ANSS	B	0.02%
ASGN	F	0.02%
SBAC	D	0.02%
NAVI	F	0.02%
SM	B	0.02%
CZR	F	0.02%
CCEP	C	0.02%
LECO	C	0.02%
ST	F	0.02%
AL	B	0.02%
MUR	D	0.02%
TPX	B	0.02%
PII	F	0.02%
STWD	C	0.02%
HUBG	A	0.02%
SLG	B	0.02%
GXO	B	0.02%
CTLT	C	0.02%
PENN	C	0.02%
CPT	B	0.02%
HOG	D	0.02%
NOV	C	0.02%
DCI	B	0.02%
NVT	B	0.02%
BECN	B	0.02%
SKX	D	0.02%
CC	C	0.02%
CNH	C	0.02%
SUI	C	0.02%
LAMR	C	0.02%
REG	A	0.02%
PK	C	0.02%
BRX	A	0.02%
UDR	B	0.02%
VICI	C	0.02%
MTG	C	0.02%
ABM	B	0.02%
DAR	C	0.02%
ATR	B	0.02%
BJ	A	0.02%
EHC	B	0.02%
RUSHA	C	0.02%
SAIC	F	0.02%
REZI	A	0.02%
GNRC	C	0.02%
TGNA	B	0.02%
BAP	A	0.02%
SON	F	0.02%
AXTA	B	0.02%
VSH	F	0.01%
ANDE	D	0.01%
LILAK	D	0.01%
CNXC	F	0.01%
CRL	D	0.01%
DBX	B	0.01%
ICLR	D	0.01%
WTRG	B	0.01%
MSM	C	0.01%
SPTN	D	0.01%
CHE	D	0.01%
MMS	F	0.01%
AEO	F	0.01%
CYH	F	0.01%
JAZZ	B	0.01%
TNL	A	0.01%
PRGO	C	0.01%
QRTEA	F	0.01%
AAL	B	0.01%
FTI	A	0.01%
JWN	D	0.01%
HRB	D	0.01%
XRAY	F	0.01%
DK	C	0.01%
HTZ	C	0.01%
DAN	D	0.01%
LULU	C	0.01%
UNFI	A	0.01%
CRI	F	0.01%
CNX	A	0.01%
CPRI	F	0.01%

FNDX Underweight 68 Positions Relative to CFA

Symbol	Grade	Weight
IBKR	A	-0.28%
FDS	B	-0.25%
APP	B	-0.25%
HEI	A	-0.24%
PTC	B	-0.24%
TW	A	-0.24%
LYV	A	-0.23%
TXRH	B	-0.23%
MORN	B	-0.23%
AXON	A	-0.22%
INCY	C	-0.22%
RNR	C	-0.22%
UAL	A	-0.22%
ROL	B	-0.22%
FICO	B	-0.2%
TYL	B	-0.2%
OWL	A	-0.2%
VLTO	C	-0.2%
ARES	A	-0.2%
TPL	A	-0.19%
WMG	D	-0.19%
RCL	A	-0.19%
CLH	C	-0.19%
RYAN	A	-0.18%
H	B	-0.18%
TTEK	F	-0.17%
DOCU	B	-0.17%
ZM	C	-0.17%
PR	B	-0.17%
UTHR	C	-0.16%
ABNB	C	-0.16%
VEEV	C	-0.16%
CSGP	D	-0.16%
PODD	C	-0.15%
PLTR	B	-0.15%
MANH	D	-0.15%
ERIE	D	-0.15%
DT	D	-0.15%
FIX	A	-0.14%
CPNG	D	-0.14%
DDOG	A	-0.14%
BSY	F	-0.14%
XPO	B	-0.14%
WDAY	B	-0.14%
HOOD	B	-0.14%
VRT	B	-0.13%
TTD	B	-0.12%
BMRN	F	-0.12%
CRWD	B	-0.12%
NBIX	C	-0.12%
COKE	C	-0.12%
COIN	C	-0.11%
WMS	F	-0.11%
FND	D	-0.11%
WING	D	-0.11%
TECH	F	-0.11%
ENTG	D	-0.1%
KNSL	B	-0.1%
PINS	F	-0.1%
CVNA	B	-0.09%
PSTG	D	-0.09%
CHWY	B	-0.08%
DXCM	C	-0.08%
SRPT	F	-0.07%
MPWR	F	-0.06%
RKT	F	-0.06%
ENPH	F	-0.04%
SMCI	F	-0.02%