FNDX vs. DGRO ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Core Dividend Growth ETF (DGRO)

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

$24.83

Average Daily Volume

1,186,729

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

DGRO

iShares Core Dividend Growth ETF

DGRO Description

The investment seeks to track the investment results of the Morningstar® U.S. Dividend Growth IndexSM. The index is a dividend dollars weighted index that seeks to measure the performance of U.S. companies selected based on a consistent history of growing dividends. The index is a subset of the Morningstar® U.S. Market IndexSM, which is a diversified broad market index that represents approximately 97% of the market capitalization of publicly-traded U.S. stocks. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index.

Grade (RS Rating)

Last Trade

$64.26

Average Daily Volume

1,580,894

Number of Holdings ^*

412

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	DGRO
30 Days	3.67%	1.89%
60 Days	4.58%	3.05%
90 Days	6.53%	5.27%
12 Months	29.67%	28.56%

304 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in DGRO	Overlap
	A	D	0.05%	0.06%	0.05%
	AAPL	C	4.35%	2.79%	2.79%
	ABBV	D	0.49%	2.12%	0.49%
	ABM	B	0.02%	0.01%	0.01%
	ABT	B	0.34%	0.87%	0.34%
	ACN	C	0.36%	0.74%	0.36%
	ADI	D	0.13%	0.38%	0.13%
	ADM	D	0.21%	0.2%	0.2%
	ADP	B	0.15%	0.56%	0.15%
	AEE	A	0.07%	0.18%	0.07%
	AEP	D	0.16%	0.4%	0.16%
	AES	F	0.05%	0.09%	0.05%
	AFG	A	0.05%	0.05%	0.05%
	AFL	B	0.21%	0.24%	0.21%
	AGCO	D	0.03%	0.02%	0.02%
	AIZ	A	0.03%	0.04%	0.03%
	AJG	B	0.05%	0.12%	0.05%
	AL	B	0.02%	0.02%	0.02%
	ALB	C	0.03%	0.05%	0.03%
	ALL	A	0.27%	0.23%	0.23%
	ALLE	D	0.01%	0.04%	0.01%
	AMAT	F	0.24%	0.27%	0.24%
	AME	A	0.05%	0.07%	0.05%
	AMGN	D	0.39%	0.94%	0.39%
	AMP	A	0.15%	0.17%	0.15%
	AON	A	0.13%	0.15%	0.13%
	AOS	F	0.02%	0.03%	0.02%
	APD	A	0.13%	0.41%	0.13%
	APH	A	0.09%	0.14%	0.09%
	ATO	A	0.04%	0.12%	0.04%
	ATR	B	0.02%	0.03%	0.02%
	AVGO	D	0.61%	2.28%	0.61%
	AVT	C	0.07%	0.03%	0.03%
	AVY	D	0.04%	0.06%	0.04%
	AWK	D	0.04%	0.12%	0.04%
	AXP	A	0.36%	0.41%	0.36%
	BAC	A	1.3%	1.77%	1.3%
	BAH	F	0.03%	0.06%	0.03%
	BAX	D	0.07%	0.11%	0.07%
	BC	C	0.03%	0.03%	0.03%
	BCC	B	0.04%	0.01%	0.01%
	BDX	F	0.11%	0.24%	0.11%
	BK	A	0.26%	0.36%	0.26%
	BLK	C	0.28%	0.82%	0.28%
	BMY	B	0.45%	1.29%	0.45%
	BPOP	B	0.02%	0.04%	0.02%
	BR	A	0.03%	0.09%	0.03%
	BRO	B	0.02%	0.03%	0.02%
	C	A	1.1%	1.17%	1.1%
	CAH	B	0.07%	0.12%	0.07%
	CASY	A	0.05%	0.02%	0.02%
	CAT	B	0.41%	0.72%	0.41%
	CB	C	0.26%	0.32%	0.26%
	CDW	F	0.04%	0.06%	0.04%
	CE	F	0.03%	0.04%	0.03%
	CHD	B	0.04%	0.07%	0.04%
	CHE	D	0.01%	0.01%	0.01%
	CHRW	C	0.08%	0.07%	0.07%
	CINF	A	0.07%	0.13%	0.07%
	CL	D	0.13%	0.33%	0.13%
	CMA	A	0.07%	0.11%	0.07%
	CMCSA	B	0.83%	1.21%	0.83%
	CME	A	0.08%	0.39%	0.08%
	CMI	A	0.19%	0.28%	0.19%
	CMS	C	0.06%	0.14%	0.06%
	CNO	A	0.04%	0.02%	0.02%
	COP	C	0.48%	0.91%	0.48%
	COR	B	0.02%	0.08%	0.02%
	COST	B	0.66%	0.47%	0.47%
	CRI	D	0.01%	0.02%	0.01%
	CSCO	B	0.82%	1.72%	0.82%
	CSL	C	0.05%	0.05%	0.05%
	CSX	B	0.22%	0.23%	0.22%
	CTAS	B	0.08%	0.13%	0.08%
	CTVA	C	0.09%	0.1%	0.09%
	CVX	A	1.25%	2.95%	1.25%
	CW	B	0.03%	0.01%	0.01%
	DCI	B	0.02%	0.03%	0.02%
	DFS	B	0.26%	0.22%	0.22%
	DG	F	0.08%	0.11%	0.08%
	DGX	A	0.07%	0.08%	0.07%
	DHI	D	0.16%	0.07%	0.07%
	DHR	F	0.15%	0.13%	0.13%
	DKS	C	0.04%	0.06%	0.04%
	DOV	A	0.06%	0.07%	0.06%
	DPZ	C	0.03%	0.05%	0.03%
	DTE	C	0.07%	0.19%	0.07%
	DUK	C	0.3%	0.71%	0.3%
	EBAY	D	0.17%	0.13%	0.13%
	ECL	D	0.08%	0.13%	0.08%
	ED	D	0.12%	0.24%	0.12%
	EG	C	0.02%	0.08%	0.02%
	EIX	B	0.1%	0.27%	0.1%
	ELV	F	0.36%	0.25%	0.25%
	EMN	D	0.08%	0.09%	0.08%
	EMR	A	0.17%	0.35%	0.17%
	EOG	A	0.23%	0.54%	0.23%
	EQH	B	0.05%	0.06%	0.05%
	ES	D	0.08%	0.21%	0.08%
	ETN	A	0.23%	0.41%	0.23%
	ETR	B	0.12%	0.26%	0.12%
	EVR	B	0.04%	0.03%	0.03%
	EWBC	A	0.03%	0.09%	0.03%
	EXPD	D	0.04%	0.05%	0.04%
	FAF	A	0.04%	0.05%	0.04%
	FAST	B	0.07%	0.24%	0.07%
	FBIN	D	0.04%	0.03%	0.03%
	FIS	C	0.12%	0.19%	0.12%
	FLO	D	0.02%	0.04%	0.02%
	FMC	D	0.03%	0.06%	0.03%
	FNF	B	0.06%	0.12%	0.06%
	G	B	0.03%	0.03%	0.03%
	GD	F	0.21%	0.31%	0.21%
	GGG	B	0.02%	0.04%	0.02%
	GILD	C	0.37%	0.96%	0.37%
	GL	B	0.03%	0.02%	0.02%
	GLW	B	0.14%	0.22%	0.14%
	GNTX	C	0.03%	0.03%	0.03%
	GPC	D	0.05%	0.12%	0.05%
	GPI	A	0.05%	0.01%	0.01%
	GRMN	B	0.03%	0.12%	0.03%
	GS	A	0.62%	1.12%	0.62%
	GWW	B	0.08%	0.1%	0.08%
	HCA	F	0.2%	0.1%	0.1%
	HD	A	0.8%	2.24%	0.8%
	HIG	B	0.14%	0.13%	0.13%
	HII	D	0.03%	0.04%	0.03%
	HON	B	0.37%	0.72%	0.37%
	HPQ	B	0.21%	0.27%	0.21%
	HRB	D	0.01%	0.04%	0.01%
	HRL	D	0.03%	0.07%	0.03%
	HSY	F	0.04%	0.16%	0.04%
	HUBB	B	0.03%	0.07%	0.03%
	HUM	C	0.19%	0.08%	0.08%
	IBM	C	0.54%	1.37%	0.54%
	ICE	C	0.11%	0.23%	0.11%
	IEX	B	0.03%	0.06%	0.03%
	INGR	B	0.05%	0.05%	0.05%
	INTU	C	0.11%	0.25%	0.11%
	IPG	D	0.04%	0.1%	0.04%
	IR	B	0.03%	0.01%	0.01%
	ITT	A	0.03%	0.03%	0.03%
	ITW	B	0.15%	0.42%	0.15%
	J	F	0.05%	0.03%	0.03%
	JBHT	C	0.05%	0.04%	0.04%
	JEF	A	0.06%	0.07%	0.06%
	JKHY	D	0.02%	0.04%	0.02%
	JNJ	D	0.89%	2.54%	0.89%
	JPM	A	2.03%	3.24%	2.03%
	K	A	0.07%	0.14%	0.07%
	KLAC	D	0.08%	0.15%	0.08%
	KMB	D	0.1%	0.35%	0.1%
	KO	D	0.35%	1.5%	0.35%
	KR	B	0.3%	0.22%	0.22%
	LAD	A	0.07%	0.02%	0.02%
	LECO	B	0.02%	0.04%	0.02%
	LHX	C	0.16%	0.22%	0.16%
	LII	A	0.03%	0.04%	0.03%
	LIN	D	0.33%	0.59%	0.33%
	LLY	F	0.2%	0.81%	0.2%
	LMT	D	0.37%	0.57%	0.37%
	LNT	A	0.04%	0.12%	0.04%
	LOW	D	0.43%	0.65%	0.43%
	LPX	B	0.04%	0.02%	0.02%
	LRCX	F	0.15%	0.22%	0.15%
	LSTR	D	0.03%	0.01%	0.01%
	LW	C	0.02%	0.06%	0.02%
	MA	C	0.29%	0.53%	0.29%
	MAN	D	0.04%	0.03%	0.03%
	MAS	D	0.05%	0.06%	0.05%
	MATX	C	0.02%	0.01%	0.01%
	MCD	D	0.34%	1.11%	0.34%
	MCHP	D	0.05%	0.18%	0.05%
	MCK	B	0.11%	0.1%	0.1%
	MCO	B	0.07%	0.12%	0.07%
	MDLZ	F	0.2%	0.45%	0.2%
	MDT	D	0.16%	0.79%	0.16%
	MDU	D	0.02%	0.02%	0.02%
	MET	A	0.26%	0.33%	0.26%
	MKC	D	0.03%	0.09%	0.03%
	MLM	B	0.04%	0.05%	0.04%
	MMC	B	0.14%	0.36%	0.14%
	MOS	F	0.06%	0.07%	0.06%
	MRK	F	0.42%	1.49%	0.42%
	MS	A	0.46%	1.46%	0.46%
	MSCI	C	0.03%	0.12%	0.03%
	MSFT	F	2.43%	2.83%	2.43%
	MSI	B	0.07%	0.17%	0.07%
	MSM	C	0.01%	0.04%	0.01%
	MTB	A	0.11%	0.27%	0.11%
	MTG	C	0.02%	0.03%	0.02%
	NDAQ	A	0.03%	0.09%	0.03%
	NDSN	B	0.02%	0.04%	0.02%
	NEE	D	0.24%	0.88%	0.24%
	NFG	A	0.02%	0.04%	0.02%
	NI	A	0.05%	0.12%	0.05%
	NKE	D	0.19%	0.39%	0.19%
	NOC	D	0.2%	0.26%	0.2%
	NSC	B	0.21%	0.29%	0.21%
	NTAP	C	0.07%	0.1%	0.07%
	NTRS	A	0.08%	0.17%	0.08%
	NUE	C	0.19%	0.13%	0.13%
	NVT	B	0.02%	0.03%	0.02%
	NXPI	D	0.05%	0.22%	0.05%
	NXST	C	0.03%	0.05%	0.03%
	OC	A	0.07%	0.06%	0.06%
	ODFL	B	0.06%	0.05%	0.05%
	OMC	C	0.08%	0.12%	0.08%
	ORCL	B	0.5%	0.68%	0.5%
	ORI	A	0.05%	0.07%	0.05%
	OSK	B	0.04%	0.03%	0.03%
	OTIS	C	0.05%	0.15%	0.05%
	OVV	B	0.06%	0.08%	0.06%
	PAG	B	0.02%	0.02%	0.02%
	PCAR	B	0.15%	0.17%	0.15%
	PEG	A	0.11%	0.3%	0.11%
	PEP	F	0.41%	1.53%	0.41%
	PFG	D	0.09%	0.17%	0.09%
	PG	A	0.77%	2.11%	0.77%
	PH	A	0.13%	0.23%	0.13%
	PHM	D	0.11%	0.04%	0.04%
	PII	D	0.02%	0.03%	0.02%
	PNC	B	0.3%	0.68%	0.3%
	PNR	A	0.04%	0.04%	0.04%
	PNW	B	0.04%	0.09%	0.04%
	POOL	C	0.02%	0.04%	0.02%
	POR	C	0.02%	0.05%	0.02%
	PPG	F	0.08%	0.14%	0.08%
	PRGO	B	0.01%	0.03%	0.01%
	PRI	A	0.03%	0.03%	0.03%
	PSX	C	0.36%	0.46%	0.36%
	PWR	A	0.07%	0.02%	0.02%
	QCOM	F	0.43%	0.83%	0.43%
	R	B	0.07%	0.04%	0.04%
	RGA	A	0.04%	0.06%	0.04%
	RHI	B	0.04%	0.06%	0.04%
	RJF	A	0.05%	0.11%	0.05%
	RMD	C	0.03%	0.07%	0.03%
	ROK	B	0.06%	0.15%	0.06%
	ROP	B	0.05%	0.07%	0.05%
	ROST	C	0.07%	0.1%	0.07%
	RPM	A	0.04%	0.06%	0.04%
	RRX	B	0.03%	0.02%	0.02%
	RS	B	0.09%	0.06%	0.06%
	RSG	A	0.06%	0.1%	0.06%
	RTX	C	0.34%	0.76%	0.34%
	RUSHA	C	0.02%	0.01%	0.01%
	SBUX	A	0.28%	0.59%	0.28%
	SCI	B	0.03%	0.04%	0.03%
	SEIC	B	0.03%	0.03%	0.03%
	SHW	A	0.08%	0.16%	0.08%
	SJM	D	0.05%	0.1%	0.05%
	SNA	A	0.06%	0.12%	0.06%
	SNX	C	0.03%	0.02%	0.02%
	SO	D	0.26%	0.71%	0.26%
	SON	D	0.02%	0.04%	0.02%
	SPGI	C	0.15%	0.25%	0.15%
	SRE	A	0.13%	0.4%	0.13%
	SSNC	B	0.04%	0.05%	0.04%
	STE	F	0.03%	0.04%	0.03%
	STLD	B	0.11%	0.08%	0.08%
	STT	A	0.1%	0.22%	0.1%
	STZ	D	0.07%	0.14%	0.07%
	SWK	D	0.07%	0.1%	0.07%
	SWKS	F	0.04%	0.08%	0.04%
	SYF	B	0.34%	0.13%	0.13%
	SYK	C	0.13%	0.28%	0.13%
	SYY	B	0.1%	0.23%	0.1%
	TGT	F	0.38%	0.49%	0.38%
	THG	A	0.03%	0.03%	0.03%
	THO	B	0.04%	0.02%	0.02%
	TKR	D	0.02%	0.02%	0.02%
	TMO	F	0.25%	0.11%	0.11%
	TRV	B	0.31%	0.25%	0.25%
	TSCO	D	0.06%	0.11%	0.06%
	TT	A	0.06%	0.2%	0.06%
	TTC	D	0.02%	0.03%	0.02%
	UFPI	B	0.04%	0.02%	0.02%
	UNH	C	1.22%	1.77%	1.22%
	UNM	A	0.06%	0.08%	0.06%
	UNP	C	0.35%	0.71%	0.35%
	UPS	C	0.28%	1.13%	0.28%
	V	A	0.36%	0.86%	0.36%
	VMC	B	0.05%	0.07%	0.05%
	VOYA	B	0.03%	0.05%	0.03%
	VRSK	A	0.04%	0.05%	0.04%
	VST	B	0.16%	0.11%	0.11%
	WEC	A	0.08%	0.25%	0.08%
	WLK	D	0.02%	0.02%	0.02%
	WM	A	0.15%	0.26%	0.15%
	WMT	A	1.47%	0.88%	0.88%
	WRB	A	0.03%	0.02%	0.02%
	WSM	B	0.04%	0.06%	0.04%
	WSO	A	0.03%	0.1%	0.03%
	WST	C	0.02%	0.01%	0.01%
	WTRG	B	0.01%	0.07%	0.01%
	WTW	B	0.07%	0.09%	0.07%
	XEL	A	0.12%	0.3%	0.12%
	XOM	B	1.99%	3.04%	1.99%
	XRAY	F	0.01%	0.02%	0.01%
	XYL	D	0.03%	0.07%	0.03%
	YUM	B	0.08%	0.17%	0.08%
	ZION	B	0.06%	0.07%	0.06%
	ZTS	D	0.07%	0.17%	0.07%

FNDX Overweight 417 Positions Relative to DGRO

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	META	D	1.79%
	AMZN	C	1.56%
	WFC	A	1.35%
	GOOGL	C	1.33%
	T	A	1.27%
	GOOG	C	1.14%
	VZ	C	1.13%
	INTC	D	0.89%
	GM	B	0.79%
	CVS	D	0.68%
	PFE	D	0.68%
	LUMN	C	0.65%
	PM	B	0.48%
	COF	B	0.48%
	CI	F	0.48%
	DIS	B	0.45%
	MPC	D	0.4%
	NVDA	C	0.4%
	VLO	C	0.39%
	MU	D	0.38%
	MO	A	0.37%
	CHTR	C	0.35%
	MMM	D	0.35%
	TXN	C	0.34%
	F	C	0.33%
	FDX	B	0.32%
	USB	A	0.32%
	TSLA	B	0.28%
	AIG	B	0.28%
	TMUS	B	0.25%
	BKNG	A	0.24%
	KMI	A	0.23%
	TFC	A	0.23%
	DE	A	0.23%
	PGR	A	0.23%
	PYPL	B	0.22%
	TJX	A	0.22%
	PRU	A	0.22%
	HPE	B	0.21%
	ADBE	C	0.2%
	TSN	B	0.2%
	CTSH	B	0.19%
	CNC	D	0.19%
	DOW	F	0.18%
	EXC	C	0.17%
	WMB	A	0.17%
	IP	B	0.17%
	WBA	F	0.17%
	NFLX	A	0.17%
	D	C	0.17%
	DD	D	0.17%
	BKR	B	0.16%
	BBY	D	0.16%
	LEN	D	0.16%
	JCI	C	0.16%
	CRM	B	0.15%
	GE	D	0.15%
	LYB	F	0.14%
	FCX	D	0.14%
	OKE	A	0.14%
	SCHW	B	0.13%
	FITB	A	0.13%
	TROW	B	0.13%
	BX	A	0.13%
	NEM	D	0.13%
	CBRE	B	0.13%
	FI	A	0.13%
	URI	B	0.13%
	SLB	C	0.12%
	WDC	D	0.12%
	CARR	D	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	PARA	C	0.11%
	OXY	D	0.11%
	PPL	B	0.11%
	BA	F	0.11%
	AMT	D	0.11%
	GIS	D	0.11%
	ALLY	C	0.1%
	FOXA	B	0.1%
	VTRS	A	0.1%
	REGN	F	0.1%
	CEG	D	0.1%
	KEY	B	0.1%
	WELL	A	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	SPG	B	0.1%
	CFG	B	0.1%
	RF	A	0.09%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	STX	D	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	BIIB	F	0.09%
	EA	A	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	WY	D	0.09%
	CCI	D	0.09%
	LH	C	0.09%
	AMD	F	0.09%
	GEHC	F	0.09%
	KHC	F	0.09%
	ARW	D	0.08%
	HBAN	A	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	VTR	C	0.08%
	WHR	B	0.08%
	UHS	D	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	EQIX	A	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	IQV	D	0.07%
	VFC	C	0.07%
	HWM	A	0.07%
	CF	B	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	PLD	D	0.07%
	KDP	D	0.07%
	X	C	0.07%
	PKG	A	0.07%
	LDOS	C	0.07%
	VRTX	F	0.07%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	MGM	D	0.06%
	DVA	B	0.06%
	CPAY	A	0.06%
	CAG	D	0.06%
	TXT	D	0.06%
	BLDR	D	0.06%
	BALL	D	0.06%
	AZO	C	0.06%
	AA	B	0.06%
	OMF	A	0.06%
	MHK	D	0.06%
	LNG	B	0.06%
	CCL	B	0.06%
	FLEX	A	0.06%
	JBL	B	0.06%
	IRM	D	0.06%
	PFGC	B	0.06%
	HLT	A	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	HAL	C	0.06%
	PAYX	C	0.06%
	WAB	B	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	ACM	A	0.05%
	VNO	B	0.05%
	MNST	C	0.05%
	ZBH	C	0.05%
	MKL	A	0.05%
	DLTR	F	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	L	A	0.05%
	JNPR	F	0.05%
	DRI	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	D	0.05%
	TDS	B	0.05%
	EQR	B	0.05%
	FANG	D	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	TPR	B	0.05%
	SFM	A	0.05%
	LKQ	D	0.05%
	BFH	B	0.05%
	PSA	D	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	TAP	C	0.05%
	ANET	C	0.04%
	O	D	0.04%
	UBER	D	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	TER	D	0.04%
	AMG	B	0.04%
	KEYS	A	0.04%
	ZIM	C	0.04%
	LVS	C	0.04%
	FYBR	D	0.04%
	CMG	B	0.04%
	ON	D	0.04%
	HST	C	0.04%
	CLX	B	0.04%
	DOX	D	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	GT	C	0.04%
	HOLX	D	0.04%
	HSIC	B	0.04%
	EW	C	0.04%
	GEN	B	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	NWSA	B	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	KNX	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	EQT	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	UGI	A	0.04%
	DELL	C	0.03%
	EXP	A	0.03%
	SEE	C	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	ACGL	D	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	RVTY	F	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	0.03%
	TPH	D	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ARE	D	0.03%
	KIM	A	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	MTD	D	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	CPB	D	0.03%
	EFX	F	0.03%
	DAL	C	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	AKAM	D	0.03%
	FL	F	0.03%
	RL	B	0.03%
	CACI	D	0.03%
	APA	D	0.03%
	ESS	B	0.03%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	SNPS	B	0.03%
	WU	D	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	ULTA	F	0.03%
	GNW	A	0.03%
	MAA	B	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	CTRA	B	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	DOC	D	0.03%
	OLN	D	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	PANW	C	0.03%
	FTV	C	0.03%
	CDNS	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	ADSK	A	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	MLI	C	0.03%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	MPW	F	0.02%
	LEG	F	0.02%
	CHKP	D	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	MIDD	C	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	MKSI	C	0.02%
	VAC	B	0.02%
	UHAL	D	0.02%
	XRX	F	0.02%
	WPC	D	0.02%
	ASO	F	0.02%
	GLPI	C	0.02%
	WERN	C	0.02%
	OI	C	0.02%
	POST	C	0.02%
	ANSS	B	0.02%
	ASGN	F	0.02%
	SBAC	D	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	ST	F	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	STWD	C	0.02%
	EPAM	C	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GXO	B	0.02%
	CTLT	B	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	APTV	D	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	FCNCA	A	0.02%
	AVTR	F	0.02%
	BECN	B	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	CNH	C	0.02%
	SUI	D	0.02%
	LAMR	D	0.02%
	REG	B	0.02%
	PK	B	0.02%
	BRX	A	0.02%
	UDR	B	0.02%
	VICI	C	0.02%
	DAR	C	0.02%
	BJ	A	0.02%
	EHC	B	0.02%
	SAIC	F	0.02%
	REZI	A	0.02%
	GNRC	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	AXTA	A	0.02%
	LUV	C	0.02%
	SOLV	C	0.02%
	VSH	D	0.01%
	ANDE	D	0.01%
	LILAK	D	0.01%
	CNXC	F	0.01%
	CRL	C	0.01%
	VRSN	F	0.01%
	DBX	B	0.01%
	ICLR	D	0.01%
	SPTN	D	0.01%
	MMS	F	0.01%
	AEO	F	0.01%
	CYH	F	0.01%
	JAZZ	B	0.01%
	BLD	D	0.01%
	CBOE	B	0.01%
	FSLR	F	0.01%
	NOW	A	0.01%
	TNL	A	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	DK	C	0.01%
	HTZ	C	0.01%
	DAN	D	0.01%
	LULU	C	0.01%
	UNFI	A	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 108 Positions Relative to DGRO

	Symbol	Grade	Weight
	ARES	A	-0.19%
	TEL	B	-0.19%
	FERG	B	-0.16%
	CFR	B	-0.07%
	PB	A	-0.06%
	TXRH	C	-0.05%
	GBCI	B	-0.05%
	OZK	B	-0.05%
	SF	B	-0.05%
	WTFC	A	-0.04%
	TPL	A	-0.04%
	AXS	A	-0.04%
	TXNM	A	-0.04%
	CBSH	A	-0.04%
	FDS	B	-0.04%
	NJR	A	-0.04%
	SR	A	-0.04%
	HOMB	A	-0.04%
	WAL	B	-0.04%
	SSB	B	-0.04%
	IDA	A	-0.04%
	LCII	C	-0.03%
	ESNT	D	-0.03%
	UCB	A	-0.03%
	CATY	B	-0.03%
	MKTX	D	-0.03%
	BWXT	B	-0.03%
	FFIN	B	-0.03%
	KTB	B	-0.03%
	HLI	B	-0.03%
	OGS	A	-0.03%
	MPWR	F	-0.03%
	SLGN	A	-0.02%
	LFUS	F	-0.02%
	ASH	D	-0.02%
	AWR	B	-0.02%
	DLB	B	-0.02%
	NSP	D	-0.02%
	LANC	C	-0.02%
	MSA	D	-0.02%
	HI	C	-0.02%
	AGO	B	-0.02%
	CADE	B	-0.02%
	MGEE	C	-0.02%
	RNR	C	-0.02%
	NYT	C	-0.02%
	SFBS	B	-0.02%
	OTTR	C	-0.02%
	AIT	A	-0.02%
	UMBF	B	-0.02%
	WD	D	-0.02%
	GATX	A	-0.02%
	SIGI	C	-0.02%
	HLNE	B	-0.02%
	FBP	B	-0.02%
	ERIE	D	-0.02%
	AVNT	B	-0.02%
	CBT	C	-0.02%
	RGLD	C	-0.02%
	WING	D	-0.01%
	AMTM	D	-0.01%
	KWR	C	-0.01%
	GOLF	B	-0.01%
	AIN	C	-0.01%
	BCPC	B	-0.01%
	CHDN	B	-0.01%
	AAON	B	-0.01%
	WMS	D	-0.01%
	BRC	D	-0.01%
	COLM	B	-0.01%
	IOSP	B	-0.01%
	WHD	B	-0.01%
	BMI	B	-0.01%
	FELE	B	-0.01%
	FUL	F	-0.01%
	BANF	B	-0.01%
	POWI	D	-0.01%
	JJSF	B	-0.01%
	TEX	D	-0.01%
	MORN	B	-0.01%
	SSD	D	-0.01%
	CGNX	C	-0.01%
	ECG	C	-0.01%
	MGRC	B	-0.01%
	WTS	B	-0.01%
	TTEK	F	-0.01%
	EXPO	D	-0.01%
	RLI	B	-0.01%
	FCFS	F	-0.01%
	WDFC	B	-0.01%
	FIX	A	-0.01%
	BOKF	B	-0.01%
	SHOO	D	-0.01%
	IPAR	B	-0.01%
	OLED	D	-0.01%
	SIRI	C	-0.01%
	AWI	A	-0.01%
	CWT	D	-0.01%
	DDS	B	-0.0%
	RUSHB	B	-0.0%
	ENSG	D	-0.0%
	HEI	B	-0.0%
	KNSL	B	-0.0%
	NNI	D	-0.0%
	HEI	B	-0.0%
	CSWI	A	-0.0%
	WOR	F	-0.0%
	KAI	A	-0.0%

FNDX: Top Represented Industries & Keywords

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

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

DGRO: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Utilities - Regulated Electric Specialty Chemicals Business Services Capital Markets Insurance - Property & Casualty Asset Management Packaged Foods Building Materials Semiconductors Aerospace & Defense Credit Services Drug Manufacturers - Major Insurance - Life Insurance Brokers Medical Instruments & Supplies Restaurants Tools & Accessories Utilities - Diversified

Keywords: S&P 500 Insurance Natural Gas Nasdaq 100 Chemical Electronics Banking Bank Electricity Mining Dow Jones Component Insurance Products Aerospace Plastic Investment Bank Beverage Commercial Banking Financial Products Building Materials Disability