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

$71.70

Average Daily Volume

405,224

Number of Holdings ^*

723

* 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

$62.65

Average Daily Volume

1,194,411

Number of Holdings ^*

410

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	DGRO
30 Days	3.31%	2.53%
60 Days	10.17%	9.02%
90 Days	7.04%	9.17%
12 Months	32.75%	31.86%

305 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in DGRO	Overlap
A	B	0.06%	0.07%	0.06%
AAPL	C	4.43%	2.85%	2.85%
ABBV	C	0.58%	2.52%	0.58%
ABM	D	0.02%	0.01%	0.01%
ABT	C	0.34%	0.85%	0.34%
ACN	B	0.35%	0.74%	0.35%
ADI	B	0.14%	0.43%	0.14%
ADM	F	0.24%	0.22%	0.22%
ADP	A	0.14%	0.52%	0.14%
AEE	A	0.07%	0.17%	0.07%
AEP	C	0.17%	0.43%	0.17%
AES	C	0.07%	0.13%	0.07%
AFG	A	0.05%	0.05%	0.05%
AFL	A	0.21%	0.24%	0.21%
AGCO	D	0.03%	0.02%	0.02%
AIZ	B	0.03%	0.04%	0.03%
AJG	C	0.05%	0.11%	0.05%
AL	D	0.02%	0.02%	0.02%
ALB	D	0.03%	0.05%	0.03%
ALL	A	0.26%	0.23%	0.23%
ALLE	A	0.01%	0.04%	0.01%
AMAT	C	0.27%	0.34%	0.27%
AME	C	0.05%	0.06%	0.05%
AMGN	D	0.44%	1.08%	0.44%
AMP	A	0.12%	0.15%	0.12%
AON	A	0.12%	0.14%	0.12%
AOS	C	0.03%	0.04%	0.03%
APD	C	0.12%	0.39%	0.12%
APH	D	0.08%	0.13%	0.08%
ATO	A	0.04%	0.11%	0.04%
ATR	A	0.02%	0.03%	0.02%
AVGO	B	0.63%	2.41%	0.63%
AVT	B	0.08%	0.03%	0.03%
AVY	D	0.04%	0.07%	0.04%
AWK	D	0.05%	0.13%	0.05%
AXP	A	0.35%	0.39%	0.35%
BAC	B	1.14%	1.5%	1.14%
BAH	C	0.04%	0.06%	0.04%
BAX	D	0.08%	0.13%	0.08%
BC	C	0.03%	0.03%	0.03%
BCC	C	0.04%	0.01%	0.01%
BDX	C	0.12%	0.26%	0.12%
BK	A	0.25%	0.34%	0.25%
BLK	A	0.26%	0.75%	0.26%
BMY	A	0.4%	1.18%	0.4%
BPOP	D	0.02%	0.04%	0.02%
BR	B	0.03%	0.09%	0.03%
BRO	A	0.02%	0.03%	0.02%
C	B	1.02%	1.06%	1.02%
CAH	B	0.07%	0.11%	0.07%
CASY	D	0.05%	0.02%	0.02%
CAT	A	0.42%	0.74%	0.42%
CB	A	0.27%	0.32%	0.27%
CDW	D	0.06%	0.08%	0.06%
CE	D	0.06%	0.08%	0.06%
CHD	D	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%	0.12%	0.07%
CL	D	0.14%	0.37%	0.14%
CMA	C	0.06%	0.09%	0.06%
CMCSA	B	0.81%	1.19%	0.81%
CME	A	0.08%	0.38%	0.08%
CMI	A	0.17%	0.25%	0.17%
CMS	A	0.06%	0.14%	0.06%
CNO	B	0.03%	0.02%	0.02%
COP	D	0.46%	0.85%	0.46%
COR	F	0.02%	0.08%	0.02%
COST	C	0.65%	0.47%	0.47%
CRI	D	0.02%	0.03%	0.02%
CSCO	A	0.77%	1.6%	0.77%
CSL	A	0.05%	0.05%	0.05%
CSX	D	0.21%	0.22%	0.21%
CTAS	C	0.08%	0.12%	0.08%
CTVA	A	0.09%	0.11%	0.09%
CVX	B	1.15%	2.68%	1.15%
CW	A	0.02%	0.01%	0.01%
DCI	B	0.02%	0.03%	0.02%
DFS	A	0.21%	0.17%	0.17%
DG	F	0.09%	0.13%	0.09%
DGX	D	0.07%	0.08%	0.07%
DHI	C	0.19%	0.08%	0.08%
DHR	D	0.17%	0.16%	0.16%
DKS	D	0.04%	0.06%	0.04%
DOV	C	0.06%	0.07%	0.06%
DPZ	D	0.03%	0.05%	0.03%
DTE	B	0.08%	0.2%	0.08%
DUK	C	0.32%	0.74%	0.32%
EBAY	A	0.18%	0.13%	0.13%
ECL	C	0.09%	0.14%	0.09%
ED	C	0.13%	0.26%	0.13%
EG	A	0.02%	0.08%	0.02%
EIX	C	0.1%	0.28%	0.1%
ELV	F	0.47%	0.34%	0.34%
EMN	C	0.09%	0.1%	0.09%
EMR	B	0.15%	0.3%	0.15%
EOG	B	0.22%	0.5%	0.22%
EQH	B	0.05%	0.06%	0.05%
ES	D	0.09%	0.23%	0.09%
ETN	B	0.21%	0.38%	0.21%
ETR	A	0.11%	0.24%	0.11%
EVR	C	0.04%	0.03%	0.03%
EWBC	B	0.03%	0.07%	0.03%
EXPD	D	0.04%	0.05%	0.04%
FAF	C	0.04%	0.05%	0.04%
FAST	C	0.07%	0.21%	0.07%
FBIN	C	0.04%	0.03%	0.03%
FIS	A	0.11%	0.19%	0.11%
FLO	D	0.02%	0.05%	0.02%
FMC	C	0.03%	0.07%	0.03%
FNF	C	0.07%	0.12%	0.07%
G	A	0.02%	0.02%	0.02%
GD	C	0.22%	0.32%	0.22%
GGG	C	0.02%	0.04%	0.02%
GILD	A	0.35%	0.91%	0.35%
GL	C	0.03%	0.02%	0.02%
GLW	C	0.14%	0.21%	0.14%
GNTX	D	0.03%	0.03%	0.03%
GPC	D	0.06%	0.13%	0.06%
GPI	C	0.05%	0.01%	0.01%
GRMN	D	0.03%	0.1%	0.03%
GS	B	0.54%	0.94%	0.54%
GWW	B	0.07%	0.09%	0.07%
HCA	C	0.24%	0.12%	0.12%
HD	A	0.8%	2.21%	0.8%
HIG	A	0.14%	0.13%	0.13%
HII	F	0.04%	0.05%	0.04%
HON	C	0.34%	0.66%	0.34%
HPQ	B	0.2%	0.27%	0.2%
HRB	C	0.01%	0.04%	0.01%
HRL	F	0.03%	0.08%	0.03%
HSY	D	0.04%	0.18%	0.04%
HUBB	A	0.03%	0.07%	0.03%
HUM	F	0.22%	0.1%	0.1%
IBM	A	0.59%	1.48%	0.59%
ICE	A	0.11%	0.23%	0.11%
IEX	D	0.03%	0.05%	0.03%
INGR	B	0.04%	0.05%	0.04%
INTU	F	0.1%	0.22%	0.1%
IPG	D	0.04%	0.12%	0.04%
IR	A	0.03%	0.01%	0.01%
ITT	C	0.03%	0.03%	0.03%
ITW	C	0.15%	0.41%	0.15%
J	F	0.06%	0.04%	0.04%
JBHT	D	0.04%	0.03%	0.03%
JEF	A	0.05%	0.06%	0.05%
JKHY	A	0.02%	0.04%	0.02%
JNJ	D	0.97%	2.69%	0.97%
JPM	C	1.81%	2.81%	1.81%
K	B	0.07%	0.14%	0.07%
KLAC	B	0.1%	0.19%	0.1%
KMB	D	0.11%	0.38%	0.11%
KO	C	0.41%	1.76%	0.41%
KR	C	0.29%	0.22%	0.22%
LAD	C	0.06%	0.02%	0.02%
LECO	D	0.02%	0.04%	0.02%
LHX	A	0.16%	0.21%	0.16%
LII	C	0.03%	0.03%	0.03%
LIN	C	0.36%	0.63%	0.36%
LLY	D	0.23%	0.96%	0.23%
LMT	A	0.4%	0.63%	0.4%
LNT	B	0.04%	0.12%	0.04%
LOW	C	0.43%	0.65%	0.43%
LPX	C	0.04%	0.02%	0.02%
LRCX	D	0.17%	0.26%	0.17%
LSTR	F	0.03%	0.01%	0.01%
LW	D	0.02%	0.05%	0.02%
MA	A	0.28%	0.5%	0.28%
MAN	D	0.05%	0.04%	0.04%
MAS	C	0.06%	0.06%	0.06%
MATX	C	0.01%	0.01%	0.01%
MCD	A	0.35%	1.16%	0.35%
MCHP	F	0.06%	0.23%	0.06%
MCK	F	0.09%	0.08%	0.08%
MCO	D	0.07%	0.12%	0.07%
MDLZ	D	0.23%	0.52%	0.23%
MDT	C	0.17%	0.82%	0.17%
MDU	C	0.02%	0.02%	0.02%
MET	A	0.26%	0.33%	0.26%
MKC	C	0.04%	0.1%	0.04%
MLM	F	0.04%	0.04%	0.04%
MMC	D	0.14%	0.36%	0.14%
MOS	F	0.07%	0.07%	0.07%
MRK	F	0.5%	1.78%	0.5%
MS	A	0.37%	1.14%	0.37%
MSCI	B	0.03%	0.12%	0.03%
MSFT	D	2.49%	2.94%	2.49%
MSI	A	0.06%	0.15%	0.06%
MSM	D	0.01%	0.04%	0.01%
MTB	A	0.09%	0.22%	0.09%
MTG	A	0.02%	0.03%	0.02%
NDAQ	C	0.03%	0.09%	0.03%
NDSN	C	0.02%	0.04%	0.02%
NEE	C	0.28%	0.98%	0.28%
NFG	A	0.02%	0.04%	0.02%
NI	A	0.04%	0.11%	0.04%
NKE	D	0.23%	0.46%	0.23%
NOC	B	0.21%	0.28%	0.21%
NSC	C	0.2%	0.27%	0.2%
NTAP	D	0.07%	0.1%	0.07%
NTRS	B	0.07%	0.14%	0.07%
NUE	D	0.2%	0.13%	0.13%
NVT	C	0.02%	0.03%	0.02%
NXPI	F	0.05%	0.25%	0.05%
NXST	D	0.03%	0.05%	0.03%
OC	C	0.06%	0.05%	0.05%
ODFL	F	0.05%	0.05%	0.05%
OMC	C	0.08%	0.13%	0.08%
ORCL	A	0.46%	0.63%	0.46%
ORI	A	0.05%	0.06%	0.05%
OSK	F	0.03%	0.03%	0.03%
OTIS	A	0.05%	0.16%	0.05%
OVV	D	0.05%	0.07%	0.05%
PAG	D	0.02%	0.02%	0.02%
PCAR	D	0.13%	0.15%	0.13%
PEG	A	0.11%	0.29%	0.11%
PEP	F	0.43%	1.66%	0.43%
PFG	A	0.09%	0.17%	0.09%
PG	D	0.81%	2.18%	0.81%
PH	A	0.12%	0.21%	0.12%
PHM	C	0.13%	0.04%	0.04%
PII	D	0.03%	0.04%	0.03%
PNC	C	0.27%	0.6%	0.27%
PNR	C	0.04%	0.04%	0.04%
PNW	C	0.04%	0.09%	0.04%
POOL	D	0.02%	0.05%	0.02%
POR	D	0.02%	0.05%	0.02%
PPG	D	0.09%	0.16%	0.09%
PRGO	F	0.01%	0.03%	0.01%
PRI	A	0.02%	0.03%	0.02%
PSX	D	0.37%	0.46%	0.37%
PWR	A	0.07%	0.01%	0.01%
QCOM	D	0.45%	0.89%	0.45%
R	C	0.06%	0.04%	0.04%
RGA	B	0.04%	0.06%	0.04%
RHI	D	0.04%	0.06%	0.04%
RJF	B	0.04%	0.08%	0.04%
RMD	C	0.04%	0.07%	0.04%
ROK	D	0.06%	0.14%	0.06%
ROP	D	0.05%	0.07%	0.05%
ROST	D	0.08%	0.11%	0.08%
RPM	A	0.03%	0.06%	0.03%
RRX	B	0.03%	0.02%	0.02%
RS	D	0.08%	0.06%	0.06%
RSG	D	0.06%	0.1%	0.06%
RTX	A	0.35%	0.78%	0.35%
RUSHA	D	0.02%	0.01%	0.01%
SBUX	B	0.28%	0.59%	0.28%
SCI	D	0.03%	0.04%	0.03%
SEIC	B	0.03%	0.02%	0.02%
SHW	C	0.08%	0.16%	0.08%
SJM	D	0.06%	0.11%	0.06%
SNA	C	0.05%	0.09%	0.05%
SNX	C	0.03%	0.02%	0.02%
SO	A	0.27%	0.73%	0.27%
SON	D	0.03%	0.05%	0.03%
SPGI	C	0.15%	0.26%	0.15%
SRE	C	0.12%	0.37%	0.12%
SSNC	C	0.04%	0.05%	0.04%
STE	D	0.03%	0.05%	0.03%
STLD	C	0.1%	0.07%	0.07%
STT	A	0.09%	0.2%	0.09%
STZ	D	0.08%	0.16%	0.08%
SWK	C	0.09%	0.13%	0.09%
SWKS	F	0.05%	0.1%	0.05%
SYF	A	0.26%	0.1%	0.1%
SYK	C	0.12%	0.26%	0.12%
SYY	D	0.1%	0.24%	0.1%
TEL	D	0.11%	0.19%	0.11%
TGT	C	0.39%	0.5%	0.39%
THG	A	0.02%	0.03%	0.02%
THO	C	0.04%	0.02%	0.02%
TKR	B	0.02%	0.02%	0.02%
TMO	D	0.29%	0.14%	0.14%
TRV	B	0.29%	0.22%	0.22%
TSCO	A	0.06%	0.11%	0.06%
TT	A	0.06%	0.19%	0.06%
TTC	F	0.02%	0.04%	0.02%
UFPI	C	0.04%	0.02%	0.02%
UNH	B	1.22%	1.75%	1.22%
UNM	A	0.05%	0.07%	0.05%
UNP	F	0.38%	0.74%	0.38%
UPS	D	0.29%	1.14%	0.29%
V	B	0.33%	0.77%	0.33%
VMC	D	0.04%	0.06%	0.04%
VOYA	A	0.03%	0.04%	0.03%
VRSK	D	0.04%	0.05%	0.04%
VST	A	0.14%	0.1%	0.1%
WEC	B	0.08%	0.24%	0.08%
WLK	C	0.02%	0.02%	0.02%
WM	B	0.14%	0.25%	0.14%
WMT	A	1.42%	0.84%	0.84%
WRB	C	0.03%	0.02%	0.02%
WSM	C	0.05%	0.07%	0.05%
WSO	C	0.03%	0.09%	0.03%
WST	D	0.02%	0.01%	0.01%
WTRG	D	0.01%	0.07%	0.01%
WTW	C	0.07%	0.09%	0.07%
XEL	C	0.12%	0.28%	0.12%
XOM	A	1.96%	2.98%	1.96%
XRAY	D	0.02%	0.03%	0.02%
XYL	C	0.04%	0.08%	0.04%
YUM	C	0.08%	0.18%	0.08%
ZION	D	0.05%	0.06%	0.05%
ZTS	C	0.08%	0.19%	0.08%

FNDX Overweight 418 Positions Relative to DGRO

Symbol	Grade	Weight
BRK.A	B	2.17%
META	A	1.79%
AMZN	C	1.42%
VZ	C	1.27%
GOOGL	B	1.27%
T	B	1.27%
GOOG	B	1.09%
WFC	B	1.06%
INTC	D	0.87%
PFE	D	0.78%
CVS	D	0.77%
GM	D	0.65%
LUMN	C	0.56%
CI	D	0.52%
PM	D	0.46%
MU	D	0.42%
MPC	D	0.42%
DIS	D	0.41%
COF	A	0.4%
VLO	F	0.38%
MMM	C	0.37%
MO	D	0.35%
TXN	C	0.35%
NVDA	B	0.34%
F	D	0.33%
CHTR	D	0.3%
USB	C	0.3%
FDX	F	0.29%
AIG	C	0.27%
DE	C	0.25%
CNC	F	0.25%
TSLA	C	0.24%
DOW	B	0.23%
PGR	B	0.23%
PRU	B	0.22%
TJX	D	0.22%
TMUS	A	0.22%
BKNG	B	0.21%
TFC	D	0.21%
HPE	B	0.2%
PYPL	A	0.2%
KMI	A	0.19%
TSN	D	0.19%
DD	C	0.19%
ADBE	F	0.19%
NEM	C	0.18%
WBA	F	0.18%
EXC	C	0.18%
CTSH	B	0.18%
D	A	0.18%
BBY	C	0.18%
LEN	C	0.18%
FCX	B	0.17%
LYB	B	0.16%
GE	B	0.16%
NFLX	A	0.15%
IP	C	0.15%
JCI	C	0.15%
AMT	D	0.14%
REGN	D	0.14%
BKR	B	0.14%
WMB	A	0.14%
BA	F	0.13%
URI	C	0.13%
CRM	B	0.13%
CARR	A	0.13%
GIS	C	0.13%
WDC	C	0.13%
BG	F	0.12%
FITB	C	0.12%
TROW	D	0.12%
OKE	A	0.12%
CEG	A	0.12%
SLB	D	0.12%
CBRE	C	0.12%
CCI	D	0.11%
NRG	A	0.11%
GEHC	C	0.11%
BIIB	F	0.11%
KHC	F	0.11%
KKR	A	0.11%
PPL	C	0.11%
BX	C	0.11%
AMD	C	0.11%
OXY	D	0.11%
FI	A	0.11%
FE	C	0.1%
STX	C	0.1%
WELL	C	0.1%
SPG	A	0.1%
ORLY	A	0.1%
WY	C	0.1%
PARA	F	0.1%
SCHW	D	0.1%
BSX	A	0.09%
JLL	C	0.09%
SW	C	0.09%
FOXA	B	0.09%
DVN	F	0.09%
ARW	C	0.09%
KEY	B	0.09%
VTRS	D	0.09%
WKC	A	0.09%
UHS	D	0.09%
CFG	C	0.09%
ALLY	F	0.09%
GPN	F	0.08%
DLR	C	0.08%
RF	B	0.08%
IQV	F	0.08%
ISRG	C	0.08%
EA	D	0.08%
PLD	D	0.08%
VTR	C	0.08%
MRO	B	0.08%
KDP	C	0.08%
NVR	C	0.08%
MAR	A	0.08%
EQIX	C	0.08%
KMX	F	0.07%
IRM	B	0.07%
PKG	B	0.07%
CAG	D	0.07%
CF	A	0.07%
MHK	C	0.07%
USFD	C	0.07%
EVRG	C	0.07%
X	F	0.07%
LDOS	A	0.07%
THC	D	0.07%
TDG	A	0.07%
VRTX	D	0.07%
KSS	D	0.07%
WBD	F	0.07%
WHR	C	0.07%
TRGP	A	0.06%
AN	D	0.06%
FLEX	B	0.06%
M	D	0.06%
OGN	F	0.06%
BWA	C	0.06%
DINO	F	0.06%
AA	B	0.06%
TOL	C	0.06%
LKQ	F	0.06%
PFGC	A	0.06%
IFF	D	0.06%
PAYX	B	0.06%
TXT	F	0.06%
JBL	C	0.06%
HWM	A	0.06%
PSA	C	0.06%
HLT	A	0.06%
LEA	F	0.06%
WAB	A	0.06%
MGM	D	0.06%
AZO	D	0.06%
HAL	D	0.06%
DVA	C	0.06%
CNP	B	0.06%
BLDR	C	0.06%
BALL	C	0.06%
VFC	A	0.06%
HBAN	B	0.06%
TPR	B	0.05%
BFH	D	0.05%
HSIC	D	0.05%
QRVO	F	0.05%
TER	C	0.05%
L	C	0.05%
ZBH	F	0.05%
CCL	C	0.05%
CPAY	A	0.05%
UGI	C	0.05%
IVZ	A	0.05%
DXC	C	0.05%
FANG	D	0.05%
DRI	C	0.05%
LNC	B	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%
EL	D	0.05%
OMF	D	0.05%
EQR	C	0.05%
LNG	A	0.05%
DLTR	F	0.05%
EME	B	0.05%
KVUE	C	0.05%
ULTA	D	0.04%
FL	F	0.04%
ANET	A	0.04%
FTV	C	0.04%
AMG	B	0.04%
MRVL	C	0.04%
CLF	D	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%
SLM	B	0.04%
ZBRA	B	0.04%
CRBG	B	0.04%
WAT	B	0.04%
WU	D	0.04%
GT	F	0.04%
EQT	C	0.04%
GEN	A	0.04%
SWN	D	0.04%
CLX	C	0.04%
UBER	C	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%
DOX	B	0.04%
MUSA	D	0.04%
HST	D	0.04%
JXN	A	0.04%
O	C	0.04%
TDS	C	0.04%
SFM	A	0.04%
KD	D	0.04%
PVH	D	0.04%
CCK	C	0.04%
EW	F	0.04%
BEN	F	0.04%
ALSN	A	0.04%
KNX	D	0.04%
HUN	B	0.04%
HOLX	D	0.04%
ON	F	0.04%
VNO	B	0.04%
ACM	A	0.04%
MRNA	F	0.04%
MNST	D	0.04%
BERY	C	0.04%
MKL	B	0.04%
CPRT	B	0.03%
TDY	A	0.03%
AR	C	0.03%
VICI	C	0.03%
TTWO	D	0.03%
SOLV	C	0.03%
NSIT	B	0.03%
ILMN	B	0.03%
SKX	B	0.03%
CAR	D	0.03%
ALGN	D	0.03%
SUI	D	0.03%
FHN	D	0.03%
ACI	F	0.03%
FLR	B	0.03%
BTU	B	0.03%
SEE	C	0.03%
HOG	D	0.03%
IDXX	D	0.03%
JHG	A	0.03%
ABG	D	0.03%
PCG	C	0.03%
INVH	D	0.03%
SAIC	A	0.03%
BURL	C	0.03%
AVTR	D	0.03%
AAP	F	0.03%
KIM	C	0.03%
MLI	B	0.03%
BBWI	F	0.03%
TRMB	B	0.03%
CG	B	0.03%
FTNT	A	0.03%
TRU	C	0.03%
PANW	B	0.03%
CIEN	A	0.03%
CPRI	C	0.03%
RL	B	0.03%
NWL	D	0.03%
TPH	C	0.03%
RVTY	C	0.03%
ARMK	C	0.03%
EXPE	B	0.03%
KBH	D	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%
SNPS	F	0.03%
MTZ	A	0.03%
SANM	D	0.03%
ADSK	B	0.03%
ESS	D	0.03%
CDNS	D	0.03%
CHK	C	0.03%
CMC	D	0.03%
CTRA	D	0.03%
LPLA	D	0.03%
CACI	A	0.03%
IT	A	0.03%
GPK	D	0.03%
HBI	B	0.03%
ARE	D	0.03%
MAA	D	0.03%
AMCR	C	0.03%
CPB	D	0.03%
EXR	D	0.03%
EFX	D	0.03%
APA	F	0.03%
GEV	A	0.03%
PBF	F	0.03%
VAC	D	0.02%
MTN	D	0.02%
ALV	F	0.02%
QRTEA	D	0.02%
EPAM	F	0.02%
MKSI	F	0.02%
AER	C	0.02%
SM	D	0.02%
ODP	F	0.02%
DAN	D	0.02%
MIDD	D	0.02%
WERN	D	0.02%
GXO	D	0.02%
ANSS	D	0.02%
KBR	A	0.02%
CHKP	A	0.02%
ADNT	F	0.02%
HUBG	D	0.02%
FCNCA	D	0.02%
SLG	C	0.02%
REZI	D	0.02%
BECN	D	0.02%
OI	D	0.02%
PENN	D	0.02%
GLPI	C	0.02%
ASGN	D	0.02%
NAVI	D	0.02%
CCEP	C	0.02%
TPX	C	0.02%
LEG	D	0.02%
MUR	F	0.02%
GNRC	B	0.02%
POST	C	0.02%
CZR	B	0.02%
SBAC	C	0.02%
WPC	C	0.02%
APO	A	0.02%
NOV	F	0.02%
TGNA	B	0.02%
UHAL	C	0.02%
SQ	D	0.02%
CTLT	A	0.02%
STWD	C	0.02%
DAR	F	0.02%
BRX	C	0.02%
CPT	C	0.02%
TFX	C	0.02%
REG	C	0.02%
SNV	D	0.02%
DELL	C	0.02%
LUV	B	0.02%
AXTA	C	0.02%
ASO	D	0.02%
BJ	B	0.02%
ST	F	0.02%
EHC	C	0.02%
PK	D	0.02%
MPW	C	0.02%
GDDY	B	0.02%
XRX	D	0.02%
UDR	C	0.02%
EXP	C	0.02%
LAMR	C	0.02%
DAL	C	0.02%
CNH	C	0.02%
CC	D	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%
JAZZ	F	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%
FTI	B	0.01%
UNFI	C	0.01%
LULU	D	0.01%
CNX	A	0.01%
JWN	D	0.01%
CYH	C	0.01%
FSLR	C	0.01%
DK	F	0.01%
ALK	C	0.01%
COHR	B	0.01%
ARCH	D	0.01%

FNDX Underweight 105 Positions Relative to DGRO

Symbol	Grade	Weight
ARES	A	-0.18%
FERG	F	-0.16%
MPWR	B	-0.06%
CFR	B	-0.06%
PB	D	-0.05%
PNM	B	-0.04%
HOMB	D	-0.04%
GBCI	B	-0.04%
FDS	C	-0.04%
IDA	D	-0.04%
SSB	C	-0.04%
NJR	C	-0.04%
TXRH	A	-0.04%
WAL	C	-0.04%
SR	D	-0.04%
OZK	D	-0.04%
SF	A	-0.04%
RGLD	C	-0.03%
MKTX	B	-0.03%
LCII	C	-0.03%
WTFC	B	-0.03%
HLI	A	-0.03%
KTB	C	-0.03%
ESNT	A	-0.03%
CBSH	D	-0.03%
ERIE	A	-0.03%
OGS	C	-0.03%
AXS	A	-0.03%
SLGN	B	-0.02%
AGO	B	-0.02%
SHOO	A	-0.02%
CADE	B	-0.02%
HI	F	-0.02%
CWT	D	-0.02%
SFBS	B	-0.02%
AWR	B	-0.02%
AIT	B	-0.02%
MGEE	C	-0.02%
OLED	B	-0.02%
UMBF	C	-0.02%
LFUS	C	-0.02%
LANC	F	-0.02%
DLB	D	-0.02%
GATX	F	-0.02%
MSA	F	-0.02%
ASH	F	-0.02%
OTTR	F	-0.02%
NYT	C	-0.02%
RNR	A	-0.02%
HLNE	A	-0.02%
NSP	F	-0.02%
SIGI	D	-0.02%
CATY	B	-0.02%
WD	C	-0.02%
UCB	D	-0.02%
TPL	A	-0.02%
AVNT	C	-0.02%
FBP	B	-0.02%
BWXT	A	-0.02%
FFIN	D	-0.02%
CBT	B	-0.02%
GOLF	F	-0.01%
KWR	F	-0.01%
BCPC	C	-0.01%
AAON	A	-0.01%
AIN	F	-0.01%
CHDN	C	-0.01%
WING	C	-0.01%
BANF	D	-0.01%
WHD	A	-0.01%
FELE	C	-0.01%
IOSP	F	-0.01%
BMI	A	-0.01%
COLM	B	-0.01%
BRC	C	-0.01%
MORN	B	-0.01%
MGRC	D	-0.01%
FUL	F	-0.01%
TEX	F	-0.01%
CGNX	F	-0.01%
WTS	C	-0.01%
POWI	F	-0.01%
RLI	A	-0.01%
JJSF	C	-0.01%
FIX	A	-0.01%
SSD	B	-0.01%
WMS	D	-0.01%
BOKF	B	-0.01%
WDFC	B	-0.01%
AWI	A	-0.01%
IPAR	D	-0.01%
SIRI	C	-0.01%
FCFS	F	-0.01%
TTEK	A	-0.01%
EXPO	A	-0.01%
DDS	D	-0.0%
RUSHB	D	-0.0%
ENSG	D	-0.0%
HEI	C	-0.0%
KNSL	B	-0.0%
WOR	F	-0.0%
NNI	B	-0.0%
CSWI	A	-0.0%
KAI	C	-0.0%
HEI	C	-0.0%