FNDX vs. FTA ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

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

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	FTA
30 Days	3.67%	4.88%
60 Days	4.58%	5.23%
90 Days	6.53%	6.80%
12 Months	29.67%	26.69%

184 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in FTA	Overlap
	ACN	C	0.36%	0.18%	0.18%
	ADM	D	0.21%	0.77%	0.21%
	AEE	A	0.07%	0.72%	0.07%
	AEP	D	0.16%	0.47%	0.16%
	AFL	B	0.21%	0.5%	0.21%
	AIG	B	0.28%	0.91%	0.28%
	AKAM	D	0.03%	0.45%	0.03%
	ALLY	C	0.1%	0.71%	0.1%
	APD	A	0.13%	0.18%	0.13%
	APTV	D	0.02%	0.66%	0.02%
	ARE	D	0.03%	0.32%	0.03%
	ATO	A	0.04%	0.73%	0.04%
	AWK	D	0.04%	0.15%	0.04%
	BAC	A	1.3%	0.59%	0.59%
	BBY	D	0.16%	0.45%	0.16%
	BG	F	0.1%	0.8%	0.1%
	BIIB	F	0.09%	0.44%	0.09%
	BKR	B	0.16%	0.61%	0.16%
	BLDR	D	0.06%	0.48%	0.06%
	C	A	1.1%	0.76%	0.76%
	CAG	D	0.06%	0.14%	0.06%
	CARR	D	0.12%	0.33%	0.12%
	CB	C	0.26%	0.7%	0.26%
	CE	F	0.03%	0.48%	0.03%
	CF	B	0.07%	0.7%	0.07%
	CFG	B	0.1%	0.8%	0.1%
	CHTR	C	0.35%	0.62%	0.35%
	CI	F	0.48%	0.16%	0.16%
	CINF	A	0.07%	0.96%	0.07%
	CLX	B	0.04%	0.17%	0.04%
	CMCSA	B	0.83%	0.91%	0.83%
	CMI	A	0.19%	0.19%	0.19%
	CMS	C	0.06%	0.34%	0.06%
	CNC	D	0.19%	0.55%	0.19%
	CNP	B	0.06%	0.72%	0.06%
	COF	B	0.48%	0.86%	0.48%
	COP	C	0.48%	0.94%	0.48%
	CPB	D	0.03%	0.16%	0.03%
	CRBG	B	0.04%	0.74%	0.04%
	CSCO	B	0.82%	0.38%	0.38%
	CSX	B	0.22%	0.36%	0.22%
	CTRA	B	0.03%	0.93%	0.03%
	CTSH	B	0.19%	0.73%	0.19%
	CTVA	C	0.09%	0.17%	0.09%
	CVS	D	0.68%	0.77%	0.68%
	CVX	A	1.25%	0.96%	0.96%
	D	C	0.17%	0.5%	0.17%
	DAL	C	0.03%	1.12%	0.03%
	DD	D	0.17%	0.16%	0.16%
	DE	A	0.23%	0.48%	0.23%
	DG	F	0.08%	0.64%	0.08%
	DGX	A	0.07%	0.52%	0.07%
	DHI	D	0.16%	0.6%	0.16%
	DIS	B	0.45%	0.4%	0.4%
	DOC	D	0.03%	0.33%	0.03%
	DOW	F	0.18%	0.42%	0.18%
	DRI	B	0.05%	0.36%	0.05%
	DTE	C	0.07%	0.48%	0.07%
	DUK	C	0.3%	0.49%	0.3%
	DVN	F	0.09%	0.88%	0.09%
	EBAY	D	0.17%	0.49%	0.17%
	ED	D	0.12%	0.64%	0.12%
	EG	C	0.02%	0.82%	0.02%
	EIX	B	0.1%	0.33%	0.1%
	ELV	F	0.36%	0.27%	0.27%
	EOG	A	0.23%	0.97%	0.23%
	EQR	B	0.05%	0.5%	0.05%
	EQT	B	0.04%	0.82%	0.04%
	ETR	B	0.12%	0.78%	0.12%
	EXC	C	0.17%	0.66%	0.17%
	EXPD	D	0.04%	0.16%	0.04%
	F	C	0.33%	0.92%	0.33%
	FANG	D	0.05%	0.74%	0.05%
	FDX	B	0.32%	0.75%	0.32%
	FE	C	0.09%	0.32%	0.09%
	FITB	A	0.13%	0.57%	0.13%
	FNF	B	0.06%	0.34%	0.06%
	FOXA	B	0.1%	0.98%	0.1%
	FTV	C	0.03%	0.16%	0.03%
	GD	F	0.21%	0.17%	0.17%
	GIS	D	0.11%	0.31%	0.11%
	GM	B	0.79%	1.13%	0.79%
	GPC	D	0.05%	0.31%	0.05%
	HAL	C	0.06%	0.91%	0.06%
	HBAN	A	0.08%	0.84%	0.08%
	HD	A	0.8%	0.17%	0.17%
	HIG	B	0.14%	0.69%	0.14%
	HOLX	D	0.04%	0.16%	0.04%
	HPE	B	0.21%	0.92%	0.21%
	HPQ	B	0.21%	0.36%	0.21%
	HRL	D	0.03%	0.49%	0.03%
	HSY	F	0.04%	0.33%	0.04%
	HUM	C	0.19%	0.31%	0.19%
	IEX	B	0.03%	0.18%	0.03%
	INTC	D	0.89%	0.75%	0.75%
	IP	B	0.17%	0.6%	0.17%
	J	F	0.05%	0.18%	0.05%
	JBHT	C	0.05%	0.38%	0.05%
	JNJ	D	0.89%	0.33%	0.33%
	KDP	D	0.07%	0.31%	0.07%
	KEY	B	0.1%	0.4%	0.1%
	KEYS	A	0.04%	0.17%	0.04%
	KHC	F	0.09%	0.46%	0.09%
	KIM	A	0.03%	0.37%	0.03%
	KMI	A	0.23%	0.85%	0.23%
	KR	B	0.3%	0.72%	0.3%
	L	A	0.05%	0.74%	0.05%
	LEN	D	0.16%	0.79%	0.16%
	LH	C	0.09%	0.18%	0.09%
	LHX	C	0.16%	0.18%	0.16%
	LMT	D	0.37%	0.16%	0.16%
	LNG	B	0.06%	0.82%	0.06%
	LNT	A	0.04%	0.5%	0.04%
	LOW	D	0.43%	0.17%	0.17%
	LUV	C	0.02%	0.56%	0.02%
	LYB	F	0.14%	0.76%	0.14%
	MAA	B	0.03%	0.17%	0.03%
	MAS	D	0.05%	0.16%	0.05%
	MDLZ	F	0.2%	0.15%	0.15%
	MDT	D	0.16%	0.16%	0.16%
	MOH	F	0.05%	0.31%	0.05%
	MPC	D	0.4%	0.85%	0.4%
	MS	A	0.46%	0.65%	0.46%
	MTB	A	0.11%	0.61%	0.11%
	NDSN	B	0.02%	0.17%	0.02%
	NI	A	0.05%	0.53%	0.05%
	NKE	D	0.19%	0.15%	0.15%
	NUE	C	0.19%	0.85%	0.19%
	NVR	D	0.08%	0.33%	0.08%
	NWSA	B	0.04%	0.38%	0.04%
	OC	A	0.07%	0.78%	0.07%
	ODFL	B	0.06%	0.19%	0.06%
	OKE	A	0.14%	0.42%	0.14%
	OMC	C	0.08%	0.17%	0.08%
	ON	D	0.04%	0.65%	0.04%
	OXY	D	0.11%	0.86%	0.11%
	PCAR	B	0.15%	1.02%	0.15%
	PEP	F	0.41%	0.17%	0.17%
	PFG	D	0.09%	0.17%	0.09%
	PHM	D	0.11%	0.79%	0.11%
	PKG	A	0.07%	0.38%	0.07%
	PNC	B	0.3%	0.39%	0.3%
	PPG	F	0.08%	0.33%	0.08%
	PPL	B	0.11%	0.51%	0.11%
	PRU	A	0.22%	0.36%	0.22%
	PSX	C	0.36%	0.87%	0.36%
	PYPL	B	0.22%	0.19%	0.19%
	RF	A	0.09%	0.58%	0.09%
	RGA	A	0.04%	0.37%	0.04%
	RJF	A	0.05%	0.46%	0.05%
	RS	B	0.09%	0.94%	0.09%
	SBUX	A	0.28%	0.17%	0.17%
	SLB	C	0.12%	0.73%	0.12%
	SNA	A	0.06%	0.63%	0.06%
	SRE	A	0.13%	0.76%	0.13%
	SSNC	B	0.04%	0.35%	0.04%
	STLD	B	0.11%	0.96%	0.11%
	STT	A	0.1%	0.55%	0.1%
	STX	D	0.09%	0.46%	0.09%
	SWKS	F	0.04%	0.6%	0.04%
	SYF	B	0.34%	1.14%	0.34%
	SYY	B	0.1%	0.49%	0.1%
	T	A	1.27%	0.89%	0.89%
	TDY	B	0.03%	0.56%	0.03%
	TGT	F	0.38%	0.5%	0.38%
	TOL	B	0.06%	0.87%	0.06%
	TROW	B	0.13%	0.97%	0.13%
	TRV	B	0.31%	0.56%	0.31%
	TSN	B	0.2%	0.38%	0.2%
	TXT	D	0.06%	0.5%	0.06%
	ULTA	F	0.03%	0.5%	0.03%
	UPS	C	0.28%	0.17%	0.17%
	USB	A	0.32%	0.56%	0.32%
	VLO	C	0.39%	0.91%	0.39%
	VTRS	A	0.1%	0.76%	0.1%
	VZ	C	1.13%	0.64%	0.64%
	WEC	A	0.08%	0.35%	0.08%
	WFC	A	1.35%	0.9%	0.9%
	WLK	D	0.02%	0.3%	0.02%
	WRB	A	0.03%	0.18%	0.03%
	WY	D	0.09%	0.16%	0.09%
	XEL	A	0.12%	0.74%	0.12%
	XOM	B	1.99%	0.9%	0.9%
	ZBH	C	0.05%	0.71%	0.05%

FNDX Overweight 537 Positions Relative to FTA

	Symbol	Grade	Weight
	AAPL	C	4.35%
	MSFT	F	2.43%
	BRK.A	B	2.17%
	JPM	A	2.03%
	META	D	1.79%
	AMZN	C	1.56%
	WMT	A	1.47%
	GOOGL	C	1.33%
	UNH	C	1.22%
	GOOG	C	1.14%
	PG	A	0.77%
	PFE	D	0.68%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	AVGO	D	0.61%
	IBM	C	0.54%
	ORCL	B	0.5%
	ABBV	D	0.49%
	PM	B	0.48%
	BMY	B	0.45%
	QCOM	F	0.43%
	MRK	F	0.42%
	CAT	B	0.41%
	NVDA	C	0.4%
	AMGN	D	0.39%
	MU	D	0.38%
	HON	B	0.37%
	MO	A	0.37%
	GILD	C	0.37%
	AXP	A	0.36%
	V	A	0.36%
	KO	D	0.35%
	MMM	D	0.35%
	UNP	C	0.35%
	RTX	C	0.34%
	ABT	B	0.34%
	TXN	C	0.34%
	MCD	D	0.34%
	LIN	D	0.33%
	MA	C	0.29%
	TSLA	B	0.28%
	BLK	C	0.28%
	ALL	A	0.27%
	DFS	B	0.26%
	MET	A	0.26%
	SO	D	0.26%
	BK	A	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	NEE	D	0.24%
	AMAT	F	0.24%
	BKNG	A	0.24%
	TFC	A	0.23%
	ETN	A	0.23%
	PGR	A	0.23%
	TJX	A	0.22%
	NSC	B	0.21%
	ADBE	C	0.2%
	NOC	D	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	WMB	A	0.17%
	WBA	F	0.17%
	NFLX	A	0.17%
	EMR	A	0.17%
	VST	B	0.16%
	JCI	C	0.16%
	DHR	F	0.15%
	AMP	A	0.15%
	SPGI	C	0.15%
	ADP	B	0.15%
	LRCX	F	0.15%
	ITW	B	0.15%
	WM	A	0.15%
	CRM	B	0.15%
	GE	D	0.15%
	FCX	D	0.14%
	MMC	B	0.14%
	GLW	B	0.14%
	CL	D	0.13%
	PH	A	0.13%
	SCHW	B	0.13%
	SYK	C	0.13%
	BX	A	0.13%
	ADI	D	0.13%
	AON	A	0.13%
	NEM	D	0.13%
	CBRE	B	0.13%
	FI	A	0.13%
	URI	B	0.13%
	FIS	C	0.12%
	WDC	D	0.12%
	KKR	A	0.12%
	ORLY	B	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	PEG	A	0.11%
	BDX	F	0.11%
	BA	F	0.11%
	ICE	C	0.11%
	INTU	C	0.11%
	AMT	D	0.11%
	KMB	D	0.1%
	REGN	F	0.1%
	CEG	D	0.1%
	WELL	A	0.1%
	NRG	B	0.1%
	SPG	B	0.1%
	MRO	B	0.09%
	GPN	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	EA	A	0.09%
	BSX	B	0.09%
	MAR	B	0.09%
	APH	A	0.09%
	CCI	D	0.09%
	AMD	F	0.09%
	GEHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	NTRS	A	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	VTR	C	0.08%
	YUM	B	0.08%
	WHR	B	0.08%
	ES	D	0.08%
	KLAC	D	0.08%
	CME	A	0.08%
	UHS	D	0.08%
	GWW	B	0.08%
	WKC	D	0.08%
	DLR	B	0.08%
	EQIX	A	0.08%
	CTAS	B	0.08%
	ECL	D	0.08%
	JLL	D	0.08%
	WBD	C	0.08%
	SHW	A	0.08%
	K	A	0.07%
	BAX	D	0.07%
	IQV	D	0.07%
	VFC	C	0.07%
	MSI	B	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	WTW	B	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	MCO	B	0.07%
	NTAP	C	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	CAH	B	0.07%
	PWR	A	0.07%
	R	B	0.07%
	PLD	D	0.07%
	X	C	0.07%
	LAD	A	0.07%
	ZTS	D	0.07%
	AVT	C	0.07%
	ROST	C	0.07%
	LDOS	C	0.07%
	VRTX	F	0.07%
	FAST	B	0.07%
	OVV	B	0.06%
	HES	B	0.06%
	M	D	0.06%
	MGM	D	0.06%
	DVA	B	0.06%
	TSCO	D	0.06%
	CPAY	A	0.06%
	JEF	A	0.06%
	ROK	B	0.06%
	BALL	D	0.06%
	UNM	A	0.06%
	AZO	C	0.06%
	AA	B	0.06%
	ZION	B	0.06%
	OMF	A	0.06%
	MHK	D	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%
	TT	A	0.06%
	RSG	A	0.06%
	PAYX	C	0.06%
	WAB	B	0.06%
	DOV	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	ACM	A	0.05%
	VNO	B	0.05%
	MNST	C	0.05%
	VMC	B	0.05%
	AFG	A	0.05%
	INGR	B	0.05%
	ORI	A	0.05%
	MKL	A	0.05%
	CSL	C	0.05%
	NXPI	D	0.05%
	DLTR	F	0.05%
	MCHP	D	0.05%
	IVZ	B	0.05%
	IFF	D	0.05%
	JNPR	F	0.05%
	AES	F	0.05%
	AJG	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	OTIS	C	0.05%
	KD	B	0.05%
	AVB	B	0.05%
	DXC	B	0.05%
	ALSN	B	0.05%
	LEA	D	0.05%
	EQH	B	0.05%
	TDS	B	0.05%
	GPI	A	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	ROP	B	0.05%
	TPR	B	0.05%
	AME	A	0.05%
	SFM	A	0.05%
	LKQ	D	0.05%
	SJM	D	0.05%
	BFH	B	0.05%
	PSA	D	0.05%
	LNC	B	0.05%
	KVUE	A	0.05%
	A	D	0.05%
	TAP	C	0.05%
	ANET	C	0.04%
	O	D	0.04%
	FBIN	D	0.04%
	UBER	D	0.04%
	LPX	B	0.04%
	BCC	B	0.04%
	GAP	C	0.04%
	EXPE	B	0.04%
	TER	D	0.04%
	OSK	B	0.04%
	AVY	D	0.04%
	AMG	B	0.04%
	IPG	D	0.04%
	ZIM	C	0.04%
	UFPI	B	0.04%
	LVS	C	0.04%
	PNR	A	0.04%
	FYBR	D	0.04%
	RPM	A	0.04%
	CMG	B	0.04%
	CNO	A	0.04%
	HST	C	0.04%
	DOX	D	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	WAT	B	0.04%
	ZBRA	B	0.04%
	DKS	C	0.04%
	GT	C	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	CHD	B	0.04%
	EW	C	0.04%
	GEN	B	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	PNW	B	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	KNX	B	0.04%
	WSM	B	0.04%
	VRSK	A	0.04%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	MLM	B	0.04%
	GEV	B	0.04%
	MRVL	B	0.04%
	UGI	A	0.04%
	CDW	F	0.04%
	DELL	C	0.03%
	EXP	A	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	INVH	D	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	ACGL	D	0.03%
	CPRT	A	0.03%
	GNTX	C	0.03%
	AAP	C	0.03%
	TRU	D	0.03%
	BTU	B	0.03%
	SQ	B	0.03%
	ITT	A	0.03%
	RVTY	F	0.03%
	BBWI	D	0.03%
	KBH	D	0.03%
	BURL	A	0.03%
	ILMN	D	0.03%
	CW	B	0.03%
	TPH	D	0.03%
	LII	A	0.03%
	G	B	0.03%
	GDDY	A	0.03%
	FLR	B	0.03%
	SNX	C	0.03%
	BC	C	0.03%
	STE	F	0.03%
	APO	B	0.03%
	PCG	A	0.03%
	ABG	B	0.03%
	SNV	B	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	MSCI	C	0.03%
	VOYA	B	0.03%
	TTWO	A	0.03%
	QRVO	F	0.03%
	MTD	D	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	EFX	F	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	D	0.03%
	EXR	D	0.03%
	FL	F	0.03%
	RRX	B	0.03%
	RL	B	0.03%
	AGCO	D	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%
	HII	D	0.03%
	XYL	D	0.03%
	SNPS	B	0.03%
	EWBC	A	0.03%
	NDAQ	A	0.03%
	WU	D	0.03%
	TRMB	B	0.03%
	CIEN	B	0.03%
	GNW	A	0.03%
	NXST	C	0.03%
	GRMN	B	0.03%
	FFIV	B	0.03%
	CG	A	0.03%
	HUN	F	0.03%
	FHN	A	0.03%
	EL	F	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	IT	C	0.03%
	DECK	A	0.03%
	PANW	C	0.03%
	DPZ	C	0.03%
	BAH	F	0.03%
	WSO	A	0.03%
	RMD	C	0.03%
	IR	B	0.03%
	CDNS	B	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	ADSK	A	0.03%
	MKC	D	0.03%
	SANM	B	0.03%
	FTNT	C	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	HUBB	B	0.03%
	BR	A	0.03%
	MDU	D	0.02%
	MTN	C	0.02%
	ODP	F	0.02%
	COHR	B	0.02%
	ALV	C	0.02%
	ALK	C	0.02%
	ADNT	F	0.02%
	FLO	D	0.02%
	MPW	F	0.02%
	MATX	C	0.02%
	LEG	F	0.02%
	BPOP	B	0.02%
	CHKP	D	0.02%
	TFX	F	0.02%
	ARCH	B	0.02%
	TKR	D	0.02%
	MIDD	C	0.02%
	AER	B	0.02%
	NSIT	F	0.02%
	KBR	F	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	VAC	B	0.02%
	TTC	D	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%
	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	C	0.02%
	SM	B	0.02%
	WST	C	0.02%
	CZR	F	0.02%
	CCEP	C	0.02%
	LECO	B	0.02%
	ST	F	0.02%
	AL	B	0.02%
	MUR	D	0.02%
	TPX	B	0.02%
	PII	D	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	EPAM	C	0.02%
	HUBG	A	0.02%
	SLG	B	0.02%
	GGG	B	0.02%
	GXO	B	0.02%
	CTLT	B	0.02%
	PENN	C	0.02%
	IDXX	F	0.02%
	JKHY	D	0.02%
	CPT	B	0.02%
	HOG	D	0.02%
	POOL	C	0.02%
	ALGN	D	0.02%
	NOV	C	0.02%
	DCI	B	0.02%
	FCNCA	A	0.02%
	NVT	B	0.02%
	AVTR	F	0.02%
	AOS	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%
	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%
	BRO	B	0.02%
	GNRC	B	0.02%
	COR	B	0.02%
	TGNA	B	0.02%
	BAP	B	0.02%
	SON	D	0.02%
	AXTA	A	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%
	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%
	BLD	D	0.01%
	CBOE	B	0.01%
	FSLR	F	0.01%
	NOW	A	0.01%
	TNL	A	0.01%
	PRGO	B	0.01%
	QRTEA	F	0.01%
	AAL	B	0.01%
	ALLE	D	0.01%
	FTI	A	0.01%
	JWN	C	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	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 2 Positions Relative to FTA

	Symbol	Grade	Weight
	UAL	A	-1.4%
	ZM	B	-0.42%

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

FTA: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Oil & Gas E&P Health Care Plans Insurance - Property & Casualty Packaged Foods Residential Construction Utilities - Diversified Chemicals Integrated Shipping & Logistics Specialty Retail Aerospace & Defense Airlines Asset Management Banks - Global Building Materials Communication Equipment Credit Services Diversified Industrials Farm Products

Keywords: S&P 500 Natural Gas Nasdaq 100 Electricity Insurance Bank Insurance Products Banking Electronics Petroleum Industry Aerospace Building Materials Chemical Dow Jones Component Gas Transmission Natural Gas Liquids Cash Management Financial Products Investment Bank Natural Gas Transmission