FNDX vs. CLSE ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Convergence Long/Short Equity ETF (CLSE)

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

$71.70

Average Daily Volume

405,224

Number of Holdings ^*

723

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$22.51

Average Daily Volume

49,544

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	CLSE
30 Days	3.31%	5.51%
60 Days	10.17%	11.19%
90 Days	7.04%	4.00%
12 Months	32.75%	39.98%

175 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in CLSE	Overlap
AA	B	0.06%	-0.15%	-0.15%
AAPL	C	4.43%	1.95%	1.95%
ABBV	C	0.58%	1.02%	0.58%
ABM	D	0.02%	0.32%	0.02%
ADBE	F	0.19%	-0.39%	-0.39%
AES	C	0.07%	-0.08%	-0.08%
AGCO	D	0.03%	-0.21%	-0.21%
AJG	C	0.05%	-0.19%	-0.19%
AL	D	0.02%	-0.26%	-0.26%
ALB	D	0.03%	-0.27%	-0.27%
ALSN	A	0.04%	0.35%	0.04%
AMG	B	0.04%	1.0%	0.04%
AMGN	D	0.44%	0.28%	0.28%
AMZN	C	1.42%	2.37%	1.42%
ANET	A	0.04%	1.93%	0.04%
APD	C	0.12%	-0.2%	-0.2%
APO	A	0.02%	-0.36%	-0.36%
AVGO	B	0.63%	2.7%	0.63%
AVT	B	0.08%	0.95%	0.08%
BA	F	0.13%	-0.37%	-0.37%
BAC	B	1.14%	0.8%	0.8%
BFH	D	0.05%	0.74%	0.05%
BG	F	0.12%	0.69%	0.12%
BKNG	B	0.21%	0.26%	0.21%
BMY	A	0.4%	0.92%	0.4%
C	B	1.02%	-0.26%	-0.26%
CACI	A	0.03%	0.44%	0.03%
CAH	B	0.07%	0.58%	0.07%
CAR	D	0.03%	-0.06%	-0.06%
CASY	D	0.05%	-0.47%	-0.47%
CAT	A	0.42%	0.36%	0.36%
CC	D	0.02%	-0.16%	-0.16%
CCL	C	0.05%	0.25%	0.05%
CFG	C	0.09%	0.39%	0.09%
CHK	C	0.03%	-0.18%	-0.18%
CHRW	C	0.08%	0.67%	0.08%
CINF	A	0.07%	-0.19%	-0.19%
CNC	F	0.25%	0.7%	0.25%
CNH	C	0.02%	-0.2%	-0.2%
CNX	A	0.01%	-0.26%	-0.26%
COR	F	0.02%	0.68%	0.02%
CVS	D	0.77%	0.19%	0.19%
CVX	B	1.15%	0.45%	0.45%
CZR	B	0.02%	-0.09%	-0.09%
D	A	0.18%	-0.29%	-0.29%
DELL	C	0.02%	-0.6%	-0.6%
DLTR	F	0.05%	-0.45%	-0.45%
DVA	C	0.06%	0.83%	0.06%
DVN	F	0.09%	0.55%	0.09%
EL	D	0.05%	-0.23%	-0.23%
EME	B	0.05%	0.86%	0.05%
EQR	C	0.05%	0.41%	0.05%
EQT	C	0.04%	-0.27%	-0.27%
EW	F	0.04%	-0.21%	-0.21%
EXP	C	0.02%	0.44%	0.02%
EXPE	B	0.03%	0.5%	0.03%
EXR	D	0.03%	-0.15%	-0.15%
FCNCA	D	0.02%	-0.22%	-0.22%
FCX	B	0.17%	0.38%	0.17%
FITB	C	0.12%	0.61%	0.12%
GDDY	B	0.02%	1.41%	0.02%
GE	B	0.16%	-0.29%	-0.29%
GILD	A	0.35%	0.91%	0.35%
GLW	C	0.14%	0.28%	0.14%
GM	D	0.65%	0.51%	0.51%
GOOG	B	1.09%	1.26%	1.09%
GOOGL	B	1.27%	3.08%	1.27%
GRMN	D	0.03%	0.09%	0.03%
GT	F	0.04%	-0.3%	-0.3%
HD	A	0.8%	1.22%	0.8%
HPE	B	0.2%	2.06%	0.2%
HRB	C	0.01%	0.0%	0.0%
HSY	D	0.04%	-0.26%	-0.26%
IBM	A	0.59%	1.43%	0.59%
INTC	D	0.87%	-0.8%	-0.8%
J	F	0.06%	0.32%	0.06%
JHG	A	0.03%	0.97%	0.03%
JLL	C	0.09%	0.25%	0.09%
JNJ	D	0.97%	0.91%	0.91%
JPM	C	1.81%	0.59%	0.59%
JXN	A	0.04%	0.71%	0.04%
KBH	D	0.03%	0.32%	0.03%
KLAC	B	0.1%	0.47%	0.1%
KMB	D	0.11%	0.16%	0.11%
KR	C	0.29%	0.16%	0.16%
LAMR	C	0.02%	0.36%	0.02%
LDOS	A	0.07%	0.45%	0.07%
LKQ	F	0.06%	-0.19%	-0.19%
LMT	A	0.4%	0.54%	0.4%
LNG	A	0.05%	0.65%	0.05%
LPLA	D	0.03%	-0.37%	-0.37%
LUV	B	0.02%	-0.18%	-0.18%
LW	D	0.02%	-0.28%	-0.28%
MATX	C	0.01%	0.56%	0.01%
MCHP	F	0.06%	-0.52%	-0.52%
MDT	C	0.17%	0.46%	0.17%
MET	A	0.26%	0.56%	0.26%
META	A	1.79%	3.31%	1.79%
MKL	B	0.04%	-0.15%	-0.15%
MLI	B	0.03%	0.78%	0.03%
MNST	D	0.04%	-0.31%	-0.31%
MO	D	0.35%	0.76%	0.35%
MPC	D	0.42%	0.44%	0.42%
MRK	F	0.5%	0.5%	0.5%
MRNA	F	0.04%	-0.3%	-0.3%
MRO	B	0.08%	0.0%	0.0%
MSCI	B	0.03%	-0.21%	-0.21%
MSFT	D	2.49%	1.01%	1.01%
MTN	D	0.02%	-0.14%	-0.14%
MTZ	A	0.03%	0.57%	0.03%
MU	D	0.42%	1.05%	0.42%
MUSA	D	0.04%	0.38%	0.04%
NDAQ	C	0.03%	-0.35%	-0.35%
NEE	C	0.28%	0.54%	0.28%
NEM	C	0.18%	0.52%	0.18%
NFLX	A	0.15%	0.31%	0.15%
NRG	A	0.11%	0.69%	0.11%
NTAP	D	0.07%	1.74%	0.07%
NTRS	B	0.07%	0.89%	0.07%
NVDA	B	0.34%	3.84%	0.34%
NVR	C	0.08%	0.31%	0.08%
NXST	D	0.03%	-0.09%	-0.09%
OGN	F	0.06%	0.83%	0.06%
OKE	A	0.12%	-0.17%	-0.17%
ON	F	0.04%	-0.34%	-0.34%
ORCL	A	0.46%	1.46%	0.46%
OSK	F	0.03%	-0.17%	-0.17%
PENN	D	0.02%	-0.07%	-0.07%
PG	D	0.81%	0.7%	0.7%
PGR	B	0.23%	0.47%	0.23%
PNC	C	0.27%	0.59%	0.27%
PNW	C	0.04%	0.48%	0.04%
POOL	D	0.02%	-0.56%	-0.56%
PSA	C	0.06%	-0.3%	-0.3%
PYPL	A	0.2%	1.07%	0.2%
QCOM	D	0.45%	2.56%	0.45%
REZI	D	0.02%	0.55%	0.02%
RF	B	0.08%	0.59%	0.08%
RGA	B	0.04%	0.52%	0.04%
RTX	A	0.35%	0.54%	0.35%
SBUX	B	0.28%	-0.11%	-0.11%
SEIC	B	0.03%	0.77%	0.03%
SJM	D	0.06%	-0.12%	-0.12%
SM	D	0.02%	0.31%	0.02%
SPG	A	0.1%	0.4%	0.1%
SRE	C	0.12%	-0.31%	-0.31%
SW	C	0.09%	-0.24%	-0.24%
SYF	A	0.26%	0.94%	0.26%
T	B	1.27%	1.01%	1.01%
TFC	D	0.21%	-0.19%	-0.19%
THC	D	0.07%	0.86%	0.07%
THO	C	0.04%	-0.16%	-0.16%
TOL	C	0.06%	0.34%	0.06%
TSLA	C	0.24%	0.74%	0.24%
TSN	D	0.19%	0.53%	0.19%
TTWO	D	0.03%	-0.47%	-0.47%
TXN	C	0.35%	-0.85%	-0.85%
UHAL	C	0.02%	-0.17%	-0.17%
UHS	D	0.09%	0.78%	0.09%
UNP	F	0.38%	0.57%	0.38%
VAC	D	0.02%	-0.1%	-0.1%
VLO	F	0.38%	0.77%	0.38%
VMC	D	0.04%	-0.11%	-0.11%
VNO	B	0.04%	-0.18%	-0.18%
VST	A	0.14%	0.56%	0.14%
VTRS	D	0.09%	0.0%	0.0%
WBD	F	0.07%	-0.42%	-0.42%
WDC	C	0.13%	-0.8%	-0.8%
WFC	B	1.06%	0.58%	0.58%
WMT	A	1.42%	1.94%	1.42%
WTRG	D	0.01%	-0.16%	-0.16%
WY	C	0.1%	-0.16%	-0.16%
XOM	A	1.96%	0.59%	0.59%
XYL	C	0.04%	-0.22%	-0.22%
ZBRA	B	0.04%	-0.39%	-0.39%

FNDX Overweight 548 Positions Relative to CLSE

Symbol	Grade	Weight
BRK.A	B	2.17%
VZ	C	1.27%
UNH	B	1.22%
CMCSA	B	0.81%
PFE	D	0.78%
CSCO	A	0.77%
COST	C	0.65%
LUMN	C	0.56%
GS	B	0.54%
CI	D	0.52%
ELV	F	0.47%
COP	D	0.46%
PM	D	0.46%
PEP	F	0.43%
LOW	C	0.43%
DIS	D	0.41%
KO	C	0.41%
COF	A	0.4%
TGT	C	0.39%
PSX	D	0.37%
MMM	C	0.37%
MS	A	0.37%
LIN	C	0.36%
AXP	A	0.35%
ACN	B	0.35%
MCD	A	0.35%
ABT	C	0.34%
HON	C	0.34%
F	D	0.33%
V	B	0.33%
DUK	C	0.32%
CHTR	D	0.3%
USB	C	0.3%
TRV	B	0.29%
TMO	D	0.29%
UPS	D	0.29%
FDX	F	0.29%
MA	A	0.28%
CB	A	0.27%
AMAT	C	0.27%
SO	A	0.27%
AIG	C	0.27%
BLK	A	0.26%
ALL	A	0.26%
BK	A	0.25%
DE	C	0.25%
ADM	F	0.24%
HCA	C	0.24%
DOW	B	0.23%
NKE	D	0.23%
LLY	D	0.23%
MDLZ	D	0.23%
EOG	B	0.22%
HUM	F	0.22%
GD	C	0.22%
PRU	B	0.22%
TJX	D	0.22%
TMUS	A	0.22%
DFS	A	0.21%
ETN	B	0.21%
NOC	B	0.21%
AFL	A	0.21%
CSX	D	0.21%
NSC	C	0.2%
NUE	D	0.2%
HPQ	B	0.2%
KMI	A	0.19%
DHI	C	0.19%
DD	C	0.19%
WBA	F	0.18%
EXC	C	0.18%
EBAY	A	0.18%
CTSH	B	0.18%
BBY	C	0.18%
LEN	C	0.18%
LRCX	D	0.17%
DHR	D	0.17%
AEP	C	0.17%
CMI	A	0.17%
LHX	A	0.16%
LYB	B	0.16%
IP	C	0.15%
EMR	B	0.15%
SPGI	C	0.15%
ITW	C	0.15%
JCI	C	0.15%
AMT	D	0.14%
REGN	D	0.14%
BKR	B	0.14%
ADP	A	0.14%
WMB	A	0.14%
ADI	B	0.14%
MMC	D	0.14%
HIG	A	0.14%
WM	B	0.14%
CL	D	0.14%
PHM	C	0.13%
ED	C	0.13%
URI	C	0.13%
CRM	B	0.13%
PCAR	D	0.13%
CARR	A	0.13%
GIS	C	0.13%
PH	A	0.12%
BDX	C	0.12%
XEL	C	0.12%
TROW	D	0.12%
CEG	A	0.12%
SLB	D	0.12%
AON	A	0.12%
SYK	C	0.12%
AMP	A	0.12%
CBRE	C	0.12%
CCI	D	0.11%
GEHC	C	0.11%
BIIB	F	0.11%
ETR	A	0.11%
KHC	F	0.11%
KKR	A	0.11%
PPL	C	0.11%
FIS	A	0.11%
BX	C	0.11%
PEG	A	0.11%
AMD	C	0.11%
TEL	D	0.11%
OXY	D	0.11%
FI	A	0.11%
ICE	A	0.11%
FE	C	0.1%
STX	C	0.1%
WELL	C	0.1%
INTU	F	0.1%
ORLY	A	0.1%
SYY	D	0.1%
EIX	C	0.1%
PARA	F	0.1%
SCHW	D	0.1%
STLD	C	0.1%
EMN	C	0.09%
BSX	A	0.09%
SWK	C	0.09%
ES	D	0.09%
MCK	F	0.09%
ECL	C	0.09%
FOXA	B	0.09%
ARW	C	0.09%
MTB	A	0.09%
PPG	D	0.09%
KEY	B	0.09%
PFG	A	0.09%
CTVA	A	0.09%
WKC	A	0.09%
DG	F	0.09%
STT	A	0.09%
ALLY	F	0.09%
GPN	F	0.08%
DLR	C	0.08%
IQV	F	0.08%
STZ	D	0.08%
ISRG	C	0.08%
ROST	D	0.08%
CME	A	0.08%
CTAS	C	0.08%
OMC	C	0.08%
DTE	B	0.08%
EA	D	0.08%
PLD	D	0.08%
VTR	C	0.08%
YUM	C	0.08%
BAX	D	0.08%
KDP	C	0.08%
APH	D	0.08%
ZTS	C	0.08%
MAR	A	0.08%
WEC	B	0.08%
EQIX	C	0.08%
RS	D	0.08%
SHW	C	0.08%
FNF	C	0.07%
KMX	F	0.07%
WTW	C	0.07%
IRM	B	0.07%
K	B	0.07%
FAST	C	0.07%
PWR	A	0.07%
MOS	F	0.07%
PKG	B	0.07%
CAG	D	0.07%
AEE	A	0.07%
CF	A	0.07%
MHK	C	0.07%
DGX	D	0.07%
USFD	C	0.07%
MCO	D	0.07%
EVRG	C	0.07%
X	F	0.07%
TDG	A	0.07%
GWW	B	0.07%
VRTX	D	0.07%
KSS	D	0.07%
WHR	C	0.07%
TRGP	A	0.06%
AN	D	0.06%
FLEX	B	0.06%
ROK	D	0.06%
M	D	0.06%
BWA	C	0.06%
MAS	C	0.06%
DINO	F	0.06%
CDW	D	0.06%
GPC	D	0.06%
PFGC	A	0.06%
IFF	D	0.06%
CMA	C	0.06%
PAYX	B	0.06%
TSCO	A	0.06%
TXT	F	0.06%
JBL	C	0.06%
OC	C	0.06%
HWM	A	0.06%
HLT	A	0.06%
TT	A	0.06%
LEA	F	0.06%
WAB	A	0.06%
MGM	D	0.06%
AZO	D	0.06%
HAL	D	0.06%
MSI	A	0.06%
DOV	C	0.06%
RSG	D	0.06%
CNP	B	0.06%
CMS	A	0.06%
BLDR	C	0.06%
A	B	0.06%
LAD	C	0.06%
R	C	0.06%
CE	D	0.06%
BALL	C	0.06%
VFC	A	0.06%
HBAN	B	0.06%
TPR	B	0.05%
AFG	A	0.05%
SNA	C	0.05%
HSIC	D	0.05%
ORI	A	0.05%
AWK	D	0.05%
EQH	B	0.05%
ZION	D	0.05%
QRVO	F	0.05%
TER	C	0.05%
L	C	0.05%
ZBH	F	0.05%
CSL	A	0.05%
AME	C	0.05%
OVV	D	0.05%
SWKS	F	0.05%
UNM	A	0.05%
JEF	A	0.05%
CPAY	A	0.05%
UGI	C	0.05%
GPI	C	0.05%
IVZ	A	0.05%
DXC	C	0.05%
FANG	D	0.05%
DRI	C	0.05%
LNC	B	0.05%
ODFL	F	0.05%
JNPR	C	0.05%
TAP	D	0.05%
AVB	C	0.05%
BXP	B	0.05%
MOH	F	0.05%
HES	D	0.05%
MAN	D	0.05%
WSM	C	0.05%
OMF	D	0.05%
ROP	D	0.05%
OTIS	A	0.05%
NXPI	F	0.05%
KVUE	C	0.05%
ULTA	D	0.04%
LPX	C	0.04%
FL	F	0.04%
RMD	C	0.04%
PNR	C	0.04%
FTV	C	0.04%
MRVL	C	0.04%
CLF	D	0.04%
BAH	C	0.04%
HAS	A	0.04%
GAP	F	0.04%
AYI	A	0.04%
DOC	C	0.04%
MTH	C	0.04%
AKAM	D	0.04%
ZIM	D	0.04%
WCC	D	0.04%
CMG	C	0.04%
MTD	C	0.04%
SSNC	C	0.04%
RHI	D	0.04%
SLM	B	0.04%
BCC	C	0.04%
CRBG	B	0.04%
WAT	B	0.04%
WU	D	0.04%
EVR	C	0.04%
UFPI	C	0.04%
GEN	A	0.04%
SWN	D	0.04%
CLX	C	0.04%
MKC	C	0.04%
UBER	C	0.04%
ATO	A	0.04%
KEYS	B	0.04%
NWSA	D	0.04%
FYBR	C	0.04%
TMHC	C	0.04%
OLN	D	0.04%
LVS	B	0.04%
CHD	D	0.04%
DOX	B	0.04%
HST	D	0.04%
O	C	0.04%
IPG	D	0.04%
VRSK	D	0.04%
TDS	C	0.04%
SFM	A	0.04%
KD	D	0.04%
PVH	D	0.04%
AVY	D	0.04%
CCK	C	0.04%
MLM	F	0.04%
RJF	B	0.04%
BEN	F	0.04%
EXPD	D	0.04%
DKS	D	0.04%
KNX	D	0.04%
HUN	B	0.04%
LNT	B	0.04%
HOLX	D	0.04%
FAF	C	0.04%
FBIN	C	0.04%
HII	F	0.04%
INGR	B	0.04%
ACM	A	0.04%
BERY	C	0.04%
NI	A	0.04%
JBHT	D	0.04%
CPRT	B	0.03%
SCI	D	0.03%
TDY	A	0.03%
AR	C	0.03%
IEX	D	0.03%
VICI	C	0.03%
SOLV	C	0.03%
NSIT	B	0.03%
ILMN	B	0.03%
SKX	B	0.03%
ALGN	D	0.03%
SUI	D	0.03%
EWBC	B	0.03%
FHN	D	0.03%
LSTR	F	0.03%
ACI	F	0.03%
FLR	B	0.03%
BTU	B	0.03%
SEE	C	0.03%
PII	D	0.03%
HOG	D	0.03%
IDXX	D	0.03%
ITT	C	0.03%
ABG	D	0.03%
PCG	C	0.03%
INVH	D	0.03%
SON	D	0.03%
SAIC	A	0.03%
BURL	C	0.03%
AVTR	D	0.03%
AOS	C	0.03%
AAP	F	0.03%
KIM	C	0.03%
LII	C	0.03%
AIZ	B	0.03%
GNTX	D	0.03%
BBWI	F	0.03%
TRMB	B	0.03%
CG	B	0.03%
FTNT	A	0.03%
TRU	C	0.03%
VOYA	A	0.03%
PANW	B	0.03%
CIEN	A	0.03%
CPRI	C	0.03%
SNX	C	0.03%
RL	B	0.03%
NWL	D	0.03%
BC	C	0.03%
TPH	C	0.03%
RVTY	C	0.03%
ARMK	C	0.03%
OGE	C	0.03%
GNW	A	0.03%
FFIV	B	0.03%
APTV	D	0.03%
ACGL	A	0.03%
DECK	B	0.03%
RRX	B	0.03%
SNPS	F	0.03%
SANM	D	0.03%
ADSK	B	0.03%
STE	D	0.03%
ESS	D	0.03%
CDNS	D	0.03%
CMC	D	0.03%
CTRA	D	0.03%
FMC	C	0.03%
IT	A	0.03%
GPK	D	0.03%
HBI	B	0.03%
WSO	C	0.03%
ARE	D	0.03%
IR	A	0.03%
WRB	C	0.03%
BR	B	0.03%
DPZ	D	0.03%
MAA	D	0.03%
GL	C	0.03%
HRL	F	0.03%
AMCR	C	0.03%
CPB	D	0.03%
CNO	B	0.03%
EFX	D	0.03%
HUBB	A	0.03%
APA	F	0.03%
GEV	A	0.03%
PBF	F	0.03%
RPM	A	0.03%
ALV	F	0.02%
QRTEA	D	0.02%
EPAM	F	0.02%
EG	A	0.02%
MKSI	F	0.02%
BPOP	D	0.02%
FLO	D	0.02%
AER	C	0.02%
WLK	C	0.02%
ODP	F	0.02%
DAN	D	0.02%
MIDD	D	0.02%
CRI	D	0.02%
WERN	D	0.02%
WST	D	0.02%
GXO	D	0.02%
ANSS	D	0.02%
KBR	A	0.02%
CHKP	A	0.02%
LECO	D	0.02%
ADNT	F	0.02%
HUBG	D	0.02%
POR	D	0.02%
SLG	C	0.02%
BECN	D	0.02%
NFG	A	0.02%
OI	D	0.02%
TTC	F	0.02%
TKR	B	0.02%
GLPI	C	0.02%
XRAY	D	0.02%
ASGN	D	0.02%
NAVI	D	0.02%
CCEP	C	0.02%
TPX	C	0.02%
LEG	D	0.02%
NDSN	C	0.02%
MUR	F	0.02%
GNRC	B	0.02%
POST	C	0.02%
GGG	C	0.02%
DCI	B	0.02%
PAG	D	0.02%
RUSHA	D	0.02%
NVT	C	0.02%
SBAC	C	0.02%
WPC	C	0.02%
NOV	F	0.02%
TGNA	B	0.02%
SQ	D	0.02%
CTLT	A	0.02%
JKHY	A	0.02%
STWD	C	0.02%
DAR	F	0.02%
BRX	C	0.02%
ATR	A	0.02%
CPT	C	0.02%
TFX	C	0.02%
REG	C	0.02%
SNV	D	0.02%
PRI	A	0.02%
AXTA	C	0.02%
ASO	D	0.02%
BJ	B	0.02%
ST	F	0.02%
BRO	A	0.02%
THG	A	0.02%
MDU	C	0.02%
EHC	C	0.02%
PK	D	0.02%
MPW	C	0.02%
XRX	D	0.02%
UDR	C	0.02%
DAL	C	0.02%
G	A	0.02%
MTG	A	0.02%
CW	A	0.02%
BAP	A	0.02%
VSH	F	0.01%
ANDE	D	0.01%
DBX	C	0.01%
CRL	F	0.01%
VRSN	C	0.01%
MSM	D	0.01%
JAZZ	F	0.01%
CHE	D	0.01%
CNXC	F	0.01%
MMS	C	0.01%
NOW	B	0.01%
SPTN	C	0.01%
LILAK	D	0.01%
TNL	B	0.01%
AAL	D	0.01%
AEO	C	0.01%
BLD	D	0.01%
CBOE	B	0.01%
ICLR	F	0.01%
HTZ	F	0.01%
PRGO	F	0.01%
FTI	B	0.01%
UNFI	C	0.01%
LULU	D	0.01%
JWN	D	0.01%
CYH	C	0.01%
ALLE	A	0.01%
FSLR	C	0.01%
DK	F	0.01%
ALK	C	0.01%
COHR	B	0.01%
ARCH	D	0.01%

FNDX Underweight 156 Positions Relative to CLSE

Symbol	Grade	Weight
CVNA	A	-1.82%
CVLT	B	-1.65%
APP	A	-1.45%
DOCU	A	-1.4%
IDCC	A	-1.17%
ACIW	A	-1.16%
SNEX	B	-1.0%
NTNX	C	-0.95%
HALO	D	-0.94%
AMRX	B	-0.83%
PPC	C	-0.77%
FTDR	B	-0.73%
IIPR	C	-0.67%
ADMA	A	-0.67%
IESC	A	-0.66%
GVA	A	-0.65%
UMBF	C	-0.63%
PATK	A	-0.61%
MWA	A	-0.58%
SLVM	C	-0.58%
PRIM	A	-0.56%
AVA	D	-0.55%
STRL	B	-0.52%
OSCR	C	-0.52%
CNA	D	-0.47%
ATGE	D	-0.47%
LNTH	C	-0.46%
SCCO	B	-0.44%
VRT	B	-0.42%
RGLD	C	-0.41%
ACT	B	-0.39%
EEFT	F	-0.39%
CTRE	C	-0.35%
NSA	D	-0.35%
IBP	C	-0.34%
STAG	D	-0.32%
BCO	C	-0.31%
OUT	C	-0.27%
ALNY	C	-0.25%
ASPN	C	-0.25%
ANF	D	-0.24%
CPNG	C	-0.18%
NTRA	A	-0.15%
SPOT	C	-0.14%
QQQ	B	-0.0%
ADUS	D	-0.0%
MHO	C	-0.0%
KNF	B	-0.0%
JOBY	C	--0.04%
PGNY	F	--0.08%
MCW	F	--0.09%
BRKR	D	--0.09%
MASI	B	--0.09%
AGL	F	--0.1%
DRVN	C	--0.1%
LGIH	C	--0.1%
HGV	F	--0.1%
AWR	B	--0.1%
HHH	C	--0.11%
ACVA	C	--0.11%
ALIT	D	--0.12%
JBLU	B	--0.13%
RBLX	D	--0.13%
PCH	C	--0.14%
PPBI	D	--0.14%
KRG	C	--0.15%
COLD	D	--0.15%
DAY	C	--0.15%
BIRK	F	--0.15%
PYCR	D	--0.15%
WAL	C	--0.16%
CHDN	C	--0.16%
AESI	B	--0.17%
ENOV	F	--0.17%
ALGM	F	--0.17%
BEAM	F	--0.17%
KNSL	B	--0.18%
NTLA	F	--0.18%
TXG	F	--0.18%
HI	F	--0.18%
TTD	A	--0.19%
PNFP	B	--0.19%
XPO	F	--0.19%
CGON	C	--0.19%
CACC	F	--0.2%
ELF	F	--0.2%
SOFI	C	--0.2%
BE	F	--0.2%
AVAV	B	--0.2%
GTLS	D	--0.2%
KROS	C	--0.2%
GATX	F	--0.2%
BANC	D	--0.2%
GPOR	B	--0.21%
COLB	C	--0.21%
IRTC	F	--0.21%
TREX	D	--0.21%
AIR	C	--0.21%
FLYW	F	--0.22%
WOLF	F	--0.22%
COTY	F	--0.22%
RBA	D	--0.22%
WTM	C	--0.22%
UEC	C	--0.22%
ARWR	F	--0.22%
DXCM	F	--0.23%
KLIC	D	--0.23%
RNR	A	--0.24%
SUM	F	--0.24%
BIO	B	--0.24%
AEIS	B	--0.25%
SITE	D	--0.27%
PEN	D	--0.27%
ROIV	D	--0.27%
GMED	B	--0.28%
CELH	F	--0.29%
NEOG	F	--0.3%
PTEN	F	--0.3%
APLS	F	--0.31%
VVV	D	--0.31%
ENPH	F	--0.32%
EVTC	D	--0.32%
INSP	C	--0.32%
AUR	C	--0.34%
FDS	C	--0.34%
MKTX	B	--0.34%
MARA	F	--0.34%
AFRM	C	--0.35%
BRZE	F	--0.36%
FOUR	A	--0.37%
EXAS	C	--0.38%
LYV	A	--0.38%
RIVN	F	--0.38%
RIOT	F	--0.39%
PATH	D	--0.4%
CYTK	D	--0.41%
SATS	C	--0.43%
BBIO	F	--0.43%
ZI	F	--0.44%
MDB	D	--0.44%
GLOB	D	--0.45%
CGNX	F	--0.45%
CCOI	B	--0.45%
DV	F	--0.46%
BILL	D	--0.48%
LBRDK	C	--0.48%
PINS	D	--0.49%
CFLT	F	--0.51%
FIVE	D	--0.52%
FIVN	F	--0.53%
U	D	--0.53%
RH	C	--0.54%
FND	C	--0.64%
GFS	F	--0.67%
LITE	A	--0.79%
LSCC	D	--0.81%