FNDX vs. GGUS ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS)

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

$24.39

Average Daily Volume

1,155,219

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

GGUS

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

GGUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization growth segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$53.63

Average Daily Volume

26,746

Number of Holdings ^*

376

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	GGUS
30 Days	0.41%	2.73%
60 Days	3.02%	4.81%
90 Days	5.52%	6.67%
12 Months	27.57%

208 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in GGUS	Overlap
	AAL	B	0.01%	0.0%	0.0%
	AAPL	C	4.32%	10.95%	4.32%
	ABBV	F	0.58%	0.66%	0.58%
	ADBE	D	0.18%	0.94%	0.18%
	ADP	B	0.15%	0.5%	0.15%
	ADSK	B	0.03%	0.28%	0.03%
	AJG	B	0.05%	0.02%	0.02%
	ALGN	D	0.02%	0.04%	0.02%
	ALL	A	0.26%	0.04%	0.04%
	ALLY	C	0.1%	0.01%	0.01%
	AMAT	F	0.25%	0.63%	0.25%
	AMD	F	0.1%	0.68%	0.1%
	AMGN	D	0.42%	0.58%	0.42%
	AMP	A	0.14%	0.22%	0.14%
	AMT	D	0.11%	0.4%	0.11%
	AMZN	B	1.54%	4.35%	1.54%
	ANET	C	0.04%	0.44%	0.04%
	APH	B	0.09%	0.22%	0.09%
	APO	A	0.03%	0.27%	0.03%
	AVGO	C	0.66%	3.59%	0.66%
	AVY	D	0.04%	0.03%	0.03%
	AXP	B	0.36%	0.26%	0.26%
	AZO	C	0.06%	0.21%	0.06%
	BA	D	0.12%	0.07%	0.07%
	BAH	D	0.04%	0.1%	0.04%
	BKNG	A	0.24%	0.68%	0.24%
	BLD	F	0.01%	0.0%	0.0%
	BLDR	D	0.06%	0.01%	0.01%
	BPOP	C	0.02%	0.0%	0.0%
	BR	B	0.03%	0.1%	0.03%
	BRO	B	0.02%	0.05%	0.02%
	BURL	A	0.03%	0.07%	0.03%
	BX	A	0.12%	0.54%	0.12%
	CAH	B	0.07%	0.08%	0.07%
	CAR	C	0.03%	0.0%	0.0%
	CASY	A	0.05%	0.01%	0.01%
	CAT	C	0.43%	0.12%	0.12%
	CDNS	B	0.03%	0.35%	0.03%
	CDW	F	0.05%	0.06%	0.05%
	CE	F	0.04%	0.01%	0.01%
	CEG	C	0.11%	0.05%	0.05%
	CHE	F	0.01%	0.0%	0.0%
	CI	D	0.47%	0.04%	0.04%
	CL	D	0.12%	0.18%	0.12%
	CLF	F	0.04%	0.01%	0.01%
	CLX	A	0.04%	0.09%	0.04%
	CMG	C	0.04%	0.35%	0.04%
	COR	B	0.03%	0.18%	0.03%
	COST	A	0.65%	1.8%	0.65%
	CPAY	A	0.05%	0.11%	0.05%
	CPRT	B	0.03%	0.2%	0.03%
	CRM	B	0.14%	1.1%	0.14%
	CSL	C	0.05%	0.01%	0.01%
	CTAS	B	0.08%	0.32%	0.08%
	DBX	C	0.01%	0.01%	0.01%
	DECK	A	0.03%	0.11%	0.03%
	DELL	B	0.03%	0.02%	0.02%
	DKS	D	0.04%	0.0%	0.0%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	C	0.05%	0.05%	0.05%
	DVA	C	0.05%	0.03%	0.03%
	ECL	D	0.08%	0.23%	0.08%
	EFX	F	0.03%	0.03%	0.03%
	EG	D	0.02%	0.01%	0.01%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.38%	0.07%	0.07%
	EME	A	0.06%	0.04%	0.04%
	EPAM	C	0.02%	0.0%	0.0%
	EQH	B	0.05%	0.06%	0.05%
	EQIX	A	0.08%	0.02%	0.02%
	EQT	A	0.04%	0.01%	0.01%
	EW	C	0.04%	0.03%	0.03%
	EXP	B	0.03%	0.04%	0.03%
	EXPD	D	0.04%	0.01%	0.01%
	EXPE	B	0.03%	0.1%	0.03%
	FAST	B	0.08%	0.17%	0.08%
	FI	A	0.13%	0.17%	0.13%
	FTNT	B	0.03%	0.2%	0.03%
	GDDY	A	0.03%	0.11%	0.03%
	GE	D	0.15%	0.19%	0.15%
	GEHC	D	0.1%	0.01%	0.01%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	B	1.17%	1.91%	1.17%
	GOOGL	B	1.36%	2.26%	1.36%
	GS	B	0.61%	0.21%	0.21%
	GWW	B	0.08%	0.2%	0.08%
	HAS	D	0.03%	0.03%	0.03%
	HCA	F	0.21%	0.07%	0.07%
	HD	A	0.78%	1.38%	0.78%
	HES	B	0.05%	0.11%	0.05%
	HLT	A	0.06%	0.13%	0.06%
	HON	B	0.35%	0.1%	0.1%
	HPQ	B	0.21%	0.04%	0.04%
	HRB	D	0.01%	0.01%	0.01%
	HSY	F	0.04%	0.02%	0.02%
	HWM	A	0.07%	0.01%	0.01%
	IDXX	F	0.02%	0.15%	0.02%
	INTU	B	0.11%	0.8%	0.11%
	IQV	F	0.07%	0.02%	0.02%
	IRM	C	0.06%	0.09%	0.06%
	ISRG	A	0.08%	0.81%	0.08%
	IT	C	0.03%	0.18%	0.03%
	ITW	B	0.15%	0.13%	0.13%
	JBL	C	0.07%	0.01%	0.01%
	JEF	A	0.05%	0.02%	0.02%
	JLL	D	0.08%	0.02%	0.02%
	KBR	F	0.02%	0.0%	0.0%
	KKR	A	0.12%	0.13%	0.12%
	KLAC	F	0.08%	0.4%	0.08%
	KMB	C	0.1%	0.08%	0.08%
	KMX	C	0.06%	0.0%	0.0%
	KO	D	0.36%	0.61%	0.36%
	LAMR	D	0.02%	0.01%	0.01%
	LECO	C	0.02%	0.01%	0.01%
	LII	A	0.03%	0.09%	0.03%
	LLY	F	0.2%	2.86%	0.2%
	LMT	D	0.37%	0.17%	0.17%
	LNG	A	0.06%	0.11%	0.06%
	LPLA	A	0.04%	0.1%	0.04%
	LPX	B	0.03%	0.02%	0.02%
	LRCX	F	0.16%	0.44%	0.16%
	LULU	C	0.01%	0.16%	0.01%
	LVS	B	0.04%	0.08%	0.04%
	LW	C	0.02%	0.02%	0.02%
	MA	B	0.28%	1.86%	0.28%
	MCD	D	0.33%	0.06%	0.06%
	MCK	A	0.11%	0.15%	0.11%
	MCO	D	0.07%	0.32%	0.07%
	META	C	1.82%	3.67%	1.82%
	MKL	A	0.05%	0.02%	0.02%
	MLM	B	0.05%	0.01%	0.01%
	MMC	D	0.14%	0.07%	0.07%
	MMM	D	0.35%	0.06%	0.06%
	MNST	C	0.05%	0.13%	0.05%
	MOH	F	0.05%	0.05%	0.05%
	MRK	F	0.44%	1.12%	0.44%
	MRVL	B	0.05%	0.03%	0.03%
	MS	A	0.45%	0.04%	0.04%
	MSCI	B	0.03%	0.12%	0.03%
	MSFT	D	2.41%	4.33%	2.41%
	MSI	B	0.06%	0.17%	0.06%
	MTN	C	0.01%	0.02%	0.01%
	MUSA	B	0.04%	0.04%	0.04%
	NFLX	A	0.16%	1.46%	0.16%
	NKE	F	0.19%	0.24%	0.19%
	NOW	B	0.01%	0.89%	0.01%
	NRG	B	0.11%	0.04%	0.04%
	NTAP	C	0.07%	0.05%	0.05%
	NVDA	A	0.41%	11.48%	0.41%
	NXST	C	0.04%	0.01%	0.01%
	ODFL	B	0.06%	0.19%	0.06%
	ORCL	A	0.5%	1.28%	0.5%
	ORLY	B	0.1%	0.28%	0.1%
	PANW	B	0.03%	0.52%	0.03%
	PAYX	B	0.06%	0.07%	0.06%
	PEP	F	0.41%	0.77%	0.41%
	PFGC	B	0.06%	0.01%	0.01%
	PG	C	0.75%	0.38%	0.38%
	PGR	B	0.23%	0.55%	0.23%
	POOL	D	0.02%	0.06%	0.02%
	PSA	C	0.05%	0.04%	0.04%
	PWR	A	0.07%	0.06%	0.06%
	QCOM	F	0.45%	0.77%	0.45%
	REGN	F	0.1%	0.03%	0.03%
	RMD	C	0.04%	0.04%	0.04%
	ROK	B	0.06%	0.01%	0.01%
	ROST	D	0.07%	0.05%	0.05%
	RPM	B	0.04%	0.02%	0.02%
	SBUX	A	0.27%	0.37%	0.27%
	SCHW	A	0.11%	0.05%	0.05%
	SEE	D	0.03%	0.0%	0.0%
	SHW	C	0.08%	0.36%	0.08%
	SKX	F	0.02%	0.0%	0.0%
	SNPS	C	0.03%	0.37%	0.03%
	SPG	A	0.1%	0.06%	0.06%
	SQ	A	0.02%	0.08%	0.02%
	SYK	A	0.12%	0.17%	0.12%
	SYY	D	0.1%	0.1%	0.1%
	TDG	D	0.07%	0.07%	0.07%
	TER	F	0.04%	0.07%	0.04%
	TJX	A	0.22%	0.34%	0.22%
	TPX	B	0.02%	0.04%	0.02%
	TRGP	A	0.07%	0.18%	0.07%
	TRU	D	0.03%	0.01%	0.01%
	TSCO	D	0.06%	0.13%	0.06%
	TSLA	A	0.26%	3.84%	0.26%
	TT	A	0.06%	0.14%	0.06%
	TXN	C	0.36%	0.11%	0.11%
	UBER	F	0.04%	0.62%	0.04%
	UHAL	D	0.02%	0.01%	0.01%
	ULTA	F	0.03%	0.07%	0.03%
	UNH	C	1.24%	0.17%	0.17%
	UNP	D	0.36%	0.3%	0.3%
	URI	B	0.13%	0.06%	0.06%
	V	A	0.36%	2.09%	0.36%
	VMC	B	0.05%	0.04%	0.04%
	VRSK	B	0.04%	0.17%	0.04%
	VRSN	F	0.01%	0.0%	0.0%
	VRTX	D	0.08%	0.29%	0.08%
	VST	A	0.15%	0.21%	0.15%
	WAT	C	0.04%	0.06%	0.04%
	WM	B	0.15%	0.39%	0.15%
	WSM	D	0.04%	0.04%	0.04%
	WST	D	0.02%	0.06%	0.02%
	WU	F	0.03%	0.0%	0.0%
	YUM	D	0.08%	0.06%	0.06%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.07%	0.29%	0.07%

FNDX Overweight 512 Positions Relative to GGUS

	Symbol	Grade	Weight
	BRK.A	B	2.13%
	XOM	B	1.99%
	JPM	A	1.98%
	WMT	A	1.45%
	WFC	A	1.29%
	BAC	A	1.26%
	T	A	1.25%
	CVX	A	1.21%
	VZ	C	1.12%
	C	B	1.1%
	INTC	C	0.93%
	JNJ	D	0.92%
	CMCSA	B	0.84%
	CSCO	B	0.82%
	GM	B	0.76%
	PFE	F	0.71%
	CVS	F	0.7%
	LUMN	C	0.68%
	IBM	C	0.55%
	COP	B	0.48%
	COF	B	0.48%
	PM	A	0.46%
	MU	D	0.43%
	BMY	A	0.42%
	LOW	C	0.42%
	DIS	B	0.41%
	MPC	D	0.39%
	GILD	C	0.39%
	TGT	B	0.37%
	VLO	C	0.37%
	MO	A	0.36%
	PSX	C	0.35%
	CHTR	B	0.35%
	ACN	C	0.35%
	ABT	A	0.34%
	RTX	D	0.34%
	LIN	D	0.34%
	F	C	0.33%
	SYF	B	0.33%
	USB	B	0.31%
	PNC	B	0.3%
	DUK	C	0.3%
	TRV	A	0.3%
	KR	B	0.3%
	FDX	B	0.3%
	UPS	C	0.29%
	AIG	C	0.28%
	TMO	F	0.26%
	DFS	B	0.26%
	SO	C	0.26%
	BK	B	0.26%
	TMUS	B	0.25%
	MET	A	0.25%
	CB	C	0.25%
	NEE	C	0.24%
	DE	C	0.24%
	ETN	B	0.23%
	TFC	A	0.23%
	GD	D	0.22%
	EOG	A	0.22%
	PRU	B	0.22%
	KMI	A	0.22%
	PYPL	B	0.21%
	NSC	B	0.21%
	HPE	B	0.21%
	NUE	D	0.21%
	CSX	C	0.21%
	DOW	F	0.2%
	MDLZ	F	0.2%
	AFL	C	0.2%
	NOC	D	0.2%
	CNC	F	0.2%
	ADM	D	0.2%
	CTSH	C	0.19%
	HUM	D	0.19%
	WBA	F	0.18%
	DD	D	0.18%
	TSN	B	0.18%
	CMI	A	0.18%
	EXC	C	0.17%
	WMB	A	0.17%
	MDT	D	0.17%
	EMR	A	0.17%
	EBAY	D	0.17%
	IP	A	0.17%
	D	C	0.17%
	JCI	B	0.16%
	BBY	D	0.16%
	BKR	B	0.16%
	AEP	C	0.16%
	DHI	D	0.16%
	LEN	D	0.16%
	LHX	B	0.16%
	PCAR	C	0.15%
	DHR	D	0.15%
	FCX	F	0.15%
	ADI	D	0.14%
	HIG	B	0.14%
	SPGI	D	0.14%
	GLW	B	0.14%
	LYB	F	0.14%
	NEM	D	0.14%
	TROW	B	0.13%
	SRE	A	0.13%
	AON	B	0.13%
	CBRE	B	0.13%
	OKE	A	0.13%
	WDC	F	0.13%
	ETR	A	0.12%
	XEL	A	0.12%
	ED	C	0.12%
	SLB	C	0.12%
	STLD	B	0.12%
	CARR	D	0.12%
	FITB	B	0.12%
	APD	A	0.12%
	PH	B	0.12%
	PPL	A	0.11%
	BDX	F	0.11%
	PARA	D	0.11%
	OXY	F	0.11%
	ICE	C	0.11%
	PHM	D	0.11%
	FIS	C	0.11%
	GIS	F	0.11%
	KHC	F	0.1%
	STT	B	0.1%
	BG	D	0.1%
	KEY	B	0.1%
	VTRS	A	0.1%
	MTB	A	0.1%
	CFG	B	0.1%
	PEG	C	0.1%
	WELL	A	0.1%
	LDOS	C	0.09%
	DVN	F	0.09%
	EA	A	0.09%
	FE	C	0.09%
	MAR	B	0.09%
	PFG	C	0.09%
	BSX	A	0.09%
	CTVA	C	0.09%
	RS	B	0.09%
	SW	A	0.09%
	FOXA	B	0.09%
	CCI	C	0.09%
	LH	B	0.09%
	WY	D	0.09%
	STX	D	0.09%
	BIIB	F	0.09%
	EIX	C	0.09%
	NTRS	A	0.08%
	NVR	D	0.08%
	USFD	A	0.08%
	ES	C	0.08%
	EMN	D	0.08%
	AVT	C	0.08%
	VTR	B	0.08%
	CME	A	0.08%
	ARW	F	0.08%
	OMC	C	0.08%
	WBD	B	0.08%
	WEC	A	0.08%
	DG	F	0.08%
	RF	A	0.08%
	DLR	A	0.08%
	UHS	D	0.08%
	GPN	C	0.08%
	PPG	F	0.08%
	WKC	D	0.08%
	X	C	0.08%
	MRO	A	0.08%
	FLEX	B	0.07%
	CMA	B	0.07%
	CF	A	0.07%
	AEE	A	0.07%
	R	B	0.07%
	STZ	D	0.07%
	MOS	D	0.07%
	WTW	B	0.07%
	EVRG	A	0.07%
	DGX	A	0.07%
	VFC	C	0.07%
	KDP	D	0.07%
	CINF	A	0.07%
	PLD	D	0.07%
	DTE	C	0.07%
	SWK	F	0.07%
	LAD	B	0.07%
	THC	C	0.07%
	PKG	B	0.07%
	WHR	B	0.07%
	BAX	F	0.07%
	CHRW	B	0.07%
	HBAN	B	0.07%
	TOL	B	0.06%
	SJM	D	0.06%
	UNM	A	0.06%
	BALL	D	0.06%
	MGM	D	0.06%
	ZION	B	0.06%
	BFH	B	0.06%
	CMS	C	0.06%
	CAG	F	0.06%
	TXT	D	0.06%
	A	F	0.06%
	M	D	0.06%
	OMF	A	0.06%
	CCL	A	0.06%
	CNP	A	0.06%
	FNF	A	0.06%
	HAL	C	0.06%
	MHK	D	0.06%
	OC	A	0.06%
	RSG	A	0.06%
	KSS	F	0.06%
	DOV	B	0.06%
	WAB	B	0.06%
	K	B	0.06%
	AA	A	0.06%
	MAN	F	0.05%
	UGI	C	0.05%
	GEV	A	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	DLTR	F	0.05%
	ACM	B	0.05%
	ZBH	C	0.05%
	INGR	B	0.05%
	TPR	B	0.05%
	AES	F	0.05%
	L	A	0.05%
	JBHT	C	0.05%
	JXN	C	0.05%
	KD	A	0.05%
	GPC	F	0.05%
	VNO	C	0.05%
	AN	D	0.05%
	IFF	D	0.05%
	JNPR	D	0.05%
	TAP	B	0.05%
	IVZ	C	0.05%
	NXPI	F	0.05%
	AVB	B	0.05%
	OTIS	C	0.05%
	EQR	C	0.05%
	GPI	B	0.05%
	ALSN	B	0.05%
	DINO	D	0.05%
	LEA	F	0.05%
	OVV	C	0.05%
	BXP	D	0.05%
	FANG	D	0.05%
	AME	A	0.05%
	RJF	A	0.05%
	DXC	D	0.05%
	SFM	A	0.05%
	KVUE	A	0.05%
	LKQ	F	0.05%
	BWA	D	0.05%
	ROP	C	0.05%
	MAS	D	0.05%
	TDS	B	0.05%
	J	D	0.05%
	SNA	B	0.05%
	MCHP	F	0.05%
	LNC	B	0.05%
	DOC	D	0.04%
	CACI	C	0.04%
	GAP	D	0.04%
	MLI	B	0.04%
	O	C	0.04%
	AMG	C	0.04%
	HUN	F	0.04%
	BCC	C	0.04%
	AKAM	F	0.04%
	SSNC	C	0.04%
	HBI	B	0.04%
	PNR	B	0.04%
	SANM	B	0.04%
	HUBB	B	0.04%
	OSK	C	0.04%
	ZIM	A	0.04%
	CNO	B	0.04%
	UFPI	C	0.04%
	FBIN	F	0.04%
	FYBR	C	0.04%
	IPG	F	0.04%
	SLM	B	0.04%
	RGA	B	0.04%
	LNT	A	0.04%
	ATO	A	0.04%
	CHD	A	0.04%
	TMHC	B	0.04%
	HST	D	0.04%
	KEYS	C	0.04%
	FAF	C	0.04%
	CCK	D	0.04%
	CRBG	B	0.04%
	GEN	B	0.04%
	RHI	C	0.04%
	ON	F	0.04%
	AWK	C	0.04%
	HOLX	D	0.04%
	DOX	D	0.04%
	PNW	B	0.04%
	GT	C	0.04%
	BEN	C	0.04%
	AYI	B	0.04%
	HSIC	C	0.04%
	NWSA	B	0.04%
	BERY	D	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	C	0.04%
	SWKS	F	0.04%
	AFG	A	0.04%
	KNX	B	0.04%
	NI	A	0.04%
	EVR	B	0.04%
	SON	F	0.03%
	INVH	D	0.03%
	AAP	D	0.03%
	G	B	0.03%
	LSTR	D	0.03%
	IEX	B	0.03%
	ACGL	D	0.03%
	TGNA	B	0.03%
	ACI	C	0.03%
	TDY	B	0.03%
	SCI	A	0.03%
	ITT	A	0.03%
	GNTX	F	0.03%
	PCG	A	0.03%
	TPH	D	0.03%
	STE	D	0.03%
	BBWI	C	0.03%
	SOLV	F	0.03%
	KBH	D	0.03%
	ABG	B	0.03%
	ALB	B	0.03%
	DAL	A	0.03%
	SEIC	B	0.03%
	CW	B	0.03%
	AIZ	A	0.03%
	FMC	D	0.03%
	SNV	B	0.03%
	SAIC	F	0.03%
	BC	D	0.03%
	RVTY	D	0.03%
	TTWO	A	0.03%
	BTU	C	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	ILMN	C	0.03%
	AMCR	D	0.03%
	ARMK	C	0.03%
	SNX	D	0.03%
	ARE	F	0.03%
	CPB	D	0.03%
	APA	F	0.03%
	JHG	B	0.03%
	OGE	A	0.03%
	ESS	A	0.03%
	EXR	C	0.03%
	GPK	D	0.03%
	EWBC	A	0.03%
	GNW	A	0.03%
	HRL	D	0.03%
	CTRA	B	0.03%
	AGCO	F	0.03%
	HII	F	0.03%
	QRVO	F	0.03%
	RRX	B	0.03%
	FHN	A	0.03%
	NDAQ	A	0.03%
	FL	F	0.03%
	FLR	B	0.03%
	XYL	D	0.03%
	MAA	A	0.03%
	MTH	D	0.03%
	RL	C	0.03%
	CIEN	B	0.03%
	GRMN	B	0.03%
	FTV	D	0.03%
	TRMB	B	0.03%
	FFIV	B	0.03%
	PBF	D	0.03%
	MRNA	F	0.03%
	WSO	A	0.03%
	CG	B	0.03%
	IR	B	0.03%
	MTD	F	0.03%
	WRB	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	GL	C	0.03%
	MKC	D	0.03%
	NWL	B	0.03%
	MTZ	A	0.03%
	ALK	A	0.02%
	ADNT	F	0.02%
	CPRI	F	0.02%
	WLK	F	0.02%
	ALV	C	0.02%
	MATX	B	0.02%
	FLO	D	0.02%
	ODP	F	0.02%
	CHKP	D	0.02%
	LEG	F	0.02%
	COHR	B	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	TFX	F	0.02%
	MIDD	D	0.02%
	AER	B	0.02%
	POR	C	0.02%
	MKSI	C	0.02%
	OI	D	0.02%
	NFG	A	0.02%
	WPC	C	0.02%
	VAC	C	0.02%
	WERN	B	0.02%
	GLPI	C	0.02%
	POST	C	0.02%
	SM	C	0.02%
	AL	B	0.02%
	TTC	F	0.02%
	CCEP	D	0.02%
	XRX	F	0.02%
	NAVI	F	0.02%
	SBAC	D	0.02%
	HUBG	A	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	F	0.02%
	ANSS	B	0.02%
	NDSN	D	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	ST	F	0.02%
	PENN	C	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	CZR	F	0.02%
	ASGN	F	0.02%
	CPT	C	0.02%
	PII	F	0.02%
	GXO	B	0.02%
	CTLT	D	0.02%
	DCI	B	0.02%
	HOG	F	0.02%
	NOV	D	0.02%
	FCNCA	A	0.02%
	APTV	F	0.02%
	SLG	B	0.02%
	JKHY	D	0.02%
	BECN	B	0.02%
	SUI	C	0.02%
	UDR	C	0.02%
	BRX	A	0.02%
	PK	D	0.02%
	VICI	C	0.02%
	AOS	F	0.02%
	REG	A	0.02%
	NVT	C	0.02%
	MTG	D	0.02%
	DAR	B	0.02%
	CC	D	0.02%
	LUV	B	0.02%
	BAP	A	0.02%
	AVTR	F	0.02%
	ATR	B	0.02%
	AXTA	B	0.02%
	ABM	B	0.02%
	THG	A	0.02%
	AR	B	0.02%
	CNH	C	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	PRI	A	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	F	0.01%
	CRL	D	0.01%
	CNXC	F	0.01%
	WTRG	B	0.01%
	ICLR	F	0.01%
	MSM	D	0.01%
	LILAK	F	0.01%
	JAZZ	C	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	D	0.01%
	CYH	F	0.01%
	CBOE	C	0.01%
	FSLR	F	0.01%
	HTZ	C	0.01%
	TNL	B	0.01%
	PRGO	C	0.01%
	DK	D	0.01%
	ALLE	D	0.01%
	FTI	A	0.01%
	JWN	C	0.01%
	QRTEA	F	0.01%
	XRAY	D	0.01%
	UNFI	B	0.01%
	CRI	F	0.01%
	CNX	A	0.01%
	DAN	F	0.01%
	MDU	D	0.01%

FNDX Underweight 168 Positions Relative to GGUS

	Symbol	Grade	Weight
	PLTR	A	-0.5%
	APP	A	-0.33%
	CRWD	B	-0.32%
	ABNB	D	-0.25%
	SPOT	B	-0.25%
	TTD	B	-0.24%
	WDAY	C	-0.23%
	DASH	A	-0.22%
	NU	C	-0.21%
	FICO	B	-0.2%
	AXON	A	-0.19%
	COIN	A	-0.19%
	VRT	A	-0.19%
	DDOG	A	-0.16%
	TEAM	A	-0.16%
	SNOW	C	-0.16%
	VEEV	C	-0.15%
	MPWR	F	-0.15%
	HUBS	B	-0.14%
	ARES	A	-0.13%
	ALNY	D	-0.13%
	RBLX	B	-0.12%
	NET	B	-0.12%
	CPNG	D	-0.12%
	DXCM	C	-0.12%
	TPL	A	-0.11%
	TYL	B	-0.1%
	MDB	C	-0.09%
	PINS	F	-0.08%
	XPO	B	-0.08%
	MANH	D	-0.08%
	DKNG	B	-0.08%
	ZS	B	-0.08%
	RCL	A	-0.08%
	PODD	B	-0.08%
	LYV	A	-0.08%
	NTRA	A	-0.07%
	DT	C	-0.07%
	ENTG	F	-0.07%
	DOCU	B	-0.07%
	FIX	A	-0.07%
	HEI	A	-0.07%
	TOST	A	-0.07%
	TXRH	B	-0.06%
	PTC	B	-0.06%
	PSTG	F	-0.06%
	ROL	B	-0.06%
	SRPT	F	-0.05%
	HEI	A	-0.05%
	OWL	A	-0.05%
	NCLH	B	-0.05%
	VLTO	C	-0.05%
	DUOL	A	-0.05%
	SMCI	F	-0.05%
	NBIX	C	-0.05%
	SAIA	C	-0.04%
	EXEL	B	-0.04%
	ENPH	F	-0.04%
	CVNA	A	-0.04%
	MEDP	D	-0.04%
	PCTY	B	-0.04%
	MORN	B	-0.04%
	SCCO	F	-0.04%
	LNW	F	-0.04%
	ITCI	B	-0.04%
	AAON	B	-0.04%
	CHDN	C	-0.04%
	WING	D	-0.04%
	KNSL	B	-0.04%
	TW	A	-0.03%
	FOUR	A	-0.03%
	WFRD	F	-0.03%
	ELF	C	-0.03%
	FDS	B	-0.03%
	CFLT	B	-0.03%
	LSCC	D	-0.03%
	BSY	D	-0.03%
	SMAR	A	-0.03%
	RYAN	B	-0.03%
	ESTC	C	-0.03%
	GTLB	B	-0.03%
	VKTX	F	-0.03%
	GWRE	A	-0.03%
	GLOB	C	-0.03%
	PAYC	B	-0.03%
	TREX	D	-0.03%
	PCOR	C	-0.03%
	PEN	B	-0.03%
	MASI	B	-0.02%
	EXAS	D	-0.02%
	HCP	B	-0.02%
	FIVE	F	-0.02%
	BRKR	F	-0.02%
	FND	F	-0.02%
	RARE	F	-0.02%
	ETSY	D	-0.02%
	OLED	F	-0.02%
	LYFT	C	-0.02%
	PLNT	A	-0.02%
	AZEK	B	-0.02%
	NTNX	B	-0.02%
	PATH	C	-0.02%
	APPF	C	-0.02%
	CELH	F	-0.02%
	IONS	F	-0.02%
	OKTA	D	-0.02%
	CNM	C	-0.02%
	INSP	F	-0.02%
	VVV	D	-0.02%
	DJT	C	-0.01%
	TPG	A	-0.01%
	TKO	A	-0.01%
	TXG	F	-0.01%
	SN	D	-0.01%
	LOPE	B	-0.01%
	ROKU	D	-0.01%
	CIVI	D	-0.01%
	AM	A	-0.01%
	DV	C	-0.01%
	WEN	C	-0.01%
	BROS	A	-0.01%
	WSC	F	-0.01%
	AWI	B	-0.01%
	LBRDK	C	-0.01%
	BILL	B	-0.01%
	PR	B	-0.01%
	SITE	D	-0.01%
	SOFI	A	-0.01%
	CACC	F	-0.01%
	NCNO	B	-0.01%
	TTEK	F	-0.01%
	ONTO	F	-0.01%
	BWXT	A	-0.01%
	FRPT	A	-0.01%
	FIVN	C	-0.01%
	TWLO	A	-0.01%
	MSTR	A	-0.01%
	U	F	-0.01%
	TDC	D	-0.01%
	APLS	F	-0.01%
	RNG	C	-0.01%
	PEGA	B	-0.01%
	CHH	A	-0.01%
	WMS	F	-0.01%
	UWMC	D	-0.0%
	SPR	D	-0.0%
	NFE	F	-0.0%
	PYCR	C	-0.0%
	IRDM	F	-0.0%
	RLI	A	-0.0%
	XP	F	-0.0%
	DOCS	C	-0.0%
	SAM	C	-0.0%
	WYNN	D	-0.0%
	HLI	B	-0.0%
	WEX	F	-0.0%
	DAY	B	-0.0%
	S	B	-0.0%
	SSD	D	-0.0%
	RH	D	-0.0%
	WH	B	-0.0%
	INCY	C	-0.0%
	BFAM	F	-0.0%
	H	B	-0.0%
	YETI	D	-0.0%
	CROX	F	-0.0%
	RGEN	F	-0.0%
	UI	A	-0.0%

FNDX: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Asset Management 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

GGUS: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Business Services Biotechnology Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Credit Services Household & Personal Products Leisure Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Natural Gas Semiconductor Telecommunications Integrated Circuits Operating System Payment Systems