FNDX vs. HCMT ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Direxion HCM Tactical Enhanced US ETF (HCMT)

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

$24.52

Average Daily Volume

1,133,782

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

HCMT

Direxion HCM Tactical Enhanced US ETF

HCMT Description

The fund is actively managed and seeks to provide enhanced returns across multiple market cycles that are broadly correlated to the U.S. equity markets. The fund will invest in, to have exposure to, U.S. equity securities in order to achieve capital appreciation, or will invest in cash or cash equivalents in order to attempt to preserve capital during market downturns. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.46

Average Daily Volume

52,287

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	HCMT
30 Days	1.66%	4.87%
60 Days	5.55%	11.33%
90 Days	6.91%	11.83%
12 Months	29.20%	56.73%

467 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in HCMT	Overlap
	A	F	0.06%	0.06%	0.06%
	AAPL	C	4.32%	5.14%	4.32%
	ABBV	F	0.58%	0.54%	0.54%
	ABT	C	0.34%	0.31%	0.31%
	ACGL	C	0.03%	0.06%	0.03%
	ACN	B	0.35%	0.34%	0.34%
	ADBE	C	0.18%	0.34%	0.18%
	ADI	D	0.14%	0.17%	0.14%
	ADM	F	0.2%	0.04%	0.04%
	ADP	A	0.15%	0.19%	0.15%
	ADSK	B	0.03%	0.1%	0.03%
	AEE	B	0.07%	0.04%	0.04%
	AEP	D	0.16%	0.08%	0.08%
	AES	F	0.05%	0.02%	0.02%
	AFL	C	0.2%	0.08%	0.08%
	AIG	B	0.28%	0.08%	0.08%
	AIZ	A	0.03%	0.02%	0.02%
	AJG	A	0.05%	0.1%	0.05%
	AKAM	F	0.04%	0.02%	0.02%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	B	0.26%	0.08%	0.08%
	ALLE	D	0.01%	0.02%	0.01%
	AMAT	F	0.25%	0.24%	0.24%
	AMCR	D	0.03%	0.02%	0.02%
	AMD	F	0.1%	0.36%	0.1%
	AME	A	0.05%	0.07%	0.05%
	AMGN	F	0.42%	0.26%	0.26%
	AMP	A	0.14%	0.08%	0.08%
	AMT	F	0.11%	0.14%	0.11%
	AMZN	A	1.54%	2.94%	1.54%
	ANET	C	0.04%	0.17%	0.04%
	ANSS	B	0.02%	0.04%	0.02%
	AON	B	0.13%	0.13%	0.13%
	AOS	F	0.02%	0.01%	0.01%
	APA	F	0.03%	0.01%	0.01%
	APD	B	0.12%	0.1%	0.1%
	APH	B	0.09%	0.13%	0.09%
	APTV	F	0.02%	0.02%	0.02%
	ARE	F	0.03%	0.03%	0.03%
	ATO	B	0.04%	0.03%	0.03%
	AVB	B	0.05%	0.05%	0.05%
	AVGO	C	0.66%	1.27%	0.66%
	AVY	F	0.04%	0.02%	0.02%
	AWK	D	0.04%	0.04%	0.04%
	AXP	B	0.36%	0.25%	0.25%
	AZO	B	0.06%	0.08%	0.06%
	BA	F	0.12%	0.16%	0.12%
	BAC	A	1.26%	0.47%	0.47%
	BALL	D	0.06%	0.03%	0.03%
	BAX	F	0.07%	0.03%	0.03%
	BBY	C	0.16%	0.03%	0.03%
	BDX	F	0.11%	0.11%	0.11%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.1%	0.02%	0.02%
	BIIB	F	0.09%	0.04%	0.04%
	BK	B	0.26%	0.09%	0.09%
	BKNG	A	0.24%	0.25%	0.24%
	BKR	B	0.16%	0.06%	0.06%
	BLDR	C	0.06%	0.03%	0.03%
	BMY	B	0.42%	0.17%	0.17%
	BR	A	0.03%	0.04%	0.03%
	BRK.A	B	2.13%	1.3%	1.3%
	BRO	B	0.02%	0.04%	0.02%
	BSX	A	0.09%	0.19%	0.09%
	BWA	B	0.05%	0.01%	0.01%
	BX	A	0.12%	0.19%	0.12%
	BXP	D	0.05%	0.02%	0.02%
	C	B	1.1%	0.2%	0.2%
	CAG	F	0.06%	0.02%	0.02%
	CAH	B	0.07%	0.04%	0.04%
	CARR	C	0.12%	0.1%	0.1%
	CAT	B	0.43%	0.31%	0.31%
	CB	C	0.25%	0.16%	0.16%
	CBOE	D	0.01%	0.03%	0.01%
	CBRE	B	0.13%	0.06%	0.06%
	CCI	F	0.09%	0.07%	0.07%
	CCL	B	0.06%	0.04%	0.04%
	CDNS	B	0.03%	0.12%	0.03%
	CDW	F	0.05%	0.04%	0.04%
	CE	F	0.04%	0.02%	0.02%
	CEG	D	0.11%	0.11%	0.11%
	CF	B	0.07%	0.02%	0.02%
	CFG	B	0.1%	0.03%	0.03%
	CHD	A	0.04%	0.04%	0.04%
	CHRW	A	0.07%	0.02%	0.02%
	CHTR	B	0.35%	0.06%	0.06%
	CI	D	0.47%	0.13%	0.13%
	CINF	A	0.07%	0.04%	0.04%
	CL	F	0.12%	0.11%	0.11%
	CLX	A	0.04%	0.03%	0.03%
	CMCSA	B	0.84%	0.26%	0.26%
	CME	B	0.08%	0.12%	0.08%
	CMG	B	0.04%	0.12%	0.04%
	CMI	A	0.18%	0.07%	0.07%
	CMS	D	0.06%	0.03%	0.03%
	CNC	F	0.2%	0.05%	0.05%
	CNP	B	0.06%	0.03%	0.03%
	COF	B	0.48%	0.11%	0.11%
	COP	C	0.48%	0.2%	0.2%
	COR	B	0.03%	0.07%	0.03%
	COST	B	0.65%	0.61%	0.61%
	CPAY	A	0.05%	0.04%	0.04%
	CPB	F	0.03%	0.01%	0.01%
	CPRT	A	0.03%	0.07%	0.03%
	CPT	C	0.02%	0.02%	0.02%
	CRL	C	0.01%	0.02%	0.01%
	CRM	B	0.14%	0.45%	0.14%
	CSCO	A	0.82%	0.35%	0.35%
	CSX	B	0.21%	0.11%	0.11%
	CTAS	B	0.08%	0.11%	0.08%
	CTLT	D	0.02%	0.02%	0.02%
	CTRA	B	0.03%	0.03%	0.03%
	CTSH	A	0.19%	0.06%	0.06%
	CTVA	C	0.09%	0.06%	0.06%
	CVS	F	0.7%	0.12%	0.12%
	CVX	A	1.21%	0.41%	0.41%
	CZR	F	0.02%	0.01%	0.01%
	D	D	0.17%	0.07%	0.07%
	DAL	A	0.03%	0.06%	0.03%
	DD	D	0.18%	0.05%	0.05%
	DE	D	0.24%	0.16%	0.16%
	DECK	B	0.03%	0.04%	0.03%
	DELL	C	0.03%	0.06%	0.03%
	DFS	B	0.26%	0.07%	0.07%
	DG	F	0.08%	0.03%	0.03%
	DGX	B	0.07%	0.03%	0.03%
	DHI	D	0.16%	0.07%	0.07%
	DHR	F	0.15%	0.24%	0.15%
	DIS	B	0.41%	0.27%	0.27%
	DLR	C	0.08%	0.08%	0.08%
	DLTR	F	0.05%	0.02%	0.02%
	DOC	C	0.04%	0.02%	0.02%
	DOV	A	0.06%	0.04%	0.04%
	DOW	F	0.2%	0.05%	0.05%
	DPZ	C	0.03%	0.02%	0.02%
	DRI	B	0.05%	0.03%	0.03%
	DTE	D	0.07%	0.04%	0.04%
	DUK	D	0.3%	0.13%	0.13%
	DVA	C	0.05%	0.01%	0.01%
	DVN	F	0.09%	0.04%	0.04%
	EA	A	0.09%	0.06%	0.06%
	EBAY	C	0.17%	0.05%	0.05%
	ECL	C	0.08%	0.09%	0.08%
	ED	D	0.12%	0.05%	0.05%
	EFX	F	0.03%	0.05%	0.03%
	EG	D	0.02%	0.02%	0.02%
	EIX	C	0.09%	0.05%	0.05%
	EL	F	0.03%	0.02%	0.02%
	ELV	F	0.38%	0.15%	0.15%
	EMN	D	0.08%	0.02%	0.02%
	EMR	A	0.17%	0.11%	0.11%
	EOG	A	0.22%	0.11%	0.11%
	EPAM	B	0.02%	0.02%	0.02%
	EQIX	B	0.08%	0.13%	0.08%
	EQR	C	0.05%	0.04%	0.04%
	EQT	B	0.04%	0.04%	0.04%
	ES	D	0.08%	0.03%	0.03%
	ESS	C	0.03%	0.03%	0.03%
	ETN	B	0.23%	0.22%	0.22%
	ETR	B	0.12%	0.05%	0.05%
	EVRG	A	0.07%	0.02%	0.02%
	EW	F	0.04%	0.06%	0.04%
	EXC	C	0.17%	0.06%	0.06%
	EXPD	C	0.04%	0.03%	0.03%
	EXPE	B	0.03%	0.03%	0.03%
	EXR	D	0.03%	0.05%	0.03%
	F	C	0.33%	0.07%	0.07%
	FANG	C	0.05%	0.05%	0.05%
	FAST	B	0.08%	0.07%	0.07%
	FCX	F	0.15%	0.1%	0.1%
	FDX	B	0.3%	0.1%	0.1%
	FE	D	0.09%	0.03%	0.03%
	FFIV	B	0.03%	0.02%	0.02%
	FI	A	0.13%	0.18%	0.13%
	FIS	B	0.11%	0.07%	0.07%
	FITB	A	0.12%	0.05%	0.05%
	FMC	F	0.03%	0.01%	0.01%
	FOXA	A	0.09%	0.02%	0.02%
	FSLR	F	0.01%	0.03%	0.01%
	FTNT	B	0.03%	0.08%	0.03%
	FTV	C	0.03%	0.04%	0.03%
	GD	C	0.22%	0.12%	0.12%
	GDDY	B	0.03%	0.04%	0.03%
	GE	D	0.15%	0.3%	0.15%
	GEHC	D	0.1%	0.06%	0.06%
	GEN	B	0.04%	0.02%	0.02%
	GEV	B	0.05%	0.14%	0.05%
	GILD	B	0.39%	0.17%	0.17%
	GIS	F	0.11%	0.06%	0.06%
	GL	B	0.03%	0.02%	0.02%
	GLW	B	0.14%	0.06%	0.06%
	GM	B	0.76%	0.09%	0.09%
	GNRC	B	0.02%	0.02%	0.02%
	GOOG	C	1.17%	1.3%	1.17%
	GOOGL	C	1.36%	1.57%	1.36%
	GPC	D	0.05%	0.03%	0.03%
	GPN	B	0.08%	0.04%	0.04%
	GRMN	A	0.03%	0.05%	0.03%
	GS	B	0.61%	0.29%	0.29%
	GWW	B	0.08%	0.08%	0.08%
	HAL	C	0.06%	0.04%	0.04%
	HAS	D	0.03%	0.01%	0.01%
	HBAN	A	0.07%	0.04%	0.04%
	HCA	D	0.21%	0.1%	0.1%
	HD	B	0.78%	0.59%	0.59%
	HES	B	0.05%	0.06%	0.05%
	HIG	C	0.14%	0.05%	0.05%
	HII	F	0.03%	0.01%	0.01%
	HLT	A	0.06%	0.09%	0.06%
	HOLX	D	0.04%	0.03%	0.03%
	HON	B	0.35%	0.21%	0.21%
	HPE	B	0.21%	0.04%	0.04%
	HPQ	B	0.21%	0.05%	0.05%
	HRL	F	0.03%	0.01%	0.01%
	HSIC	F	0.04%	0.01%	0.01%
	HST	D	0.04%	0.02%	0.02%
	HSY	F	0.04%	0.04%	0.04%
	HUBB	C	0.04%	0.04%	0.04%
	HUM	D	0.19%	0.05%	0.05%
	HWM	B	0.07%	0.07%	0.07%
	IBM	D	0.55%	0.3%	0.3%
	ICE	C	0.11%	0.14%	0.11%
	IDXX	F	0.02%	0.05%	0.02%
	IEX	B	0.03%	0.03%	0.03%
	IFF	F	0.05%	0.03%	0.03%
	INTC	C	0.93%	0.16%	0.16%
	INTU	A	0.11%	0.28%	0.11%
	INVH	D	0.03%	0.03%	0.03%
	IP	B	0.17%	0.03%	0.03%
	IPG	F	0.04%	0.02%	0.02%
	IQV	F	0.07%	0.06%	0.06%
	IR	A	0.03%	0.06%	0.03%
	IRM	D	0.06%	0.05%	0.05%
	ISRG	A	0.08%	0.28%	0.08%
	IT	B	0.03%	0.06%	0.03%
	ITW	B	0.15%	0.11%	0.11%
	IVZ	B	0.05%	0.01%	0.01%
	J	D	0.05%	0.03%	0.03%
	JBHT	C	0.05%	0.02%	0.02%
	JBL	C	0.07%	0.02%	0.02%
	JCI	A	0.16%	0.08%	0.08%
	JKHY	C	0.02%	0.02%	0.02%
	JNJ	D	0.92%	0.58%	0.58%
	JNPR	D	0.05%	0.02%	0.02%
	JPM	A	1.98%	1.07%	1.07%
	K	A	0.06%	0.03%	0.03%
	KDP	C	0.07%	0.06%	0.06%
	KEY	B	0.1%	0.03%	0.03%
	KEYS	C	0.04%	0.04%	0.04%
	KHC	F	0.1%	0.04%	0.04%
	KIM	A	0.03%	0.02%	0.02%
	KKR	B	0.12%	0.16%	0.12%
	KLAC	F	0.08%	0.14%	0.08%
	KMB	D	0.1%	0.07%	0.07%
	KMI	B	0.22%	0.08%	0.08%
	KMX	B	0.06%	0.02%	0.02%
	KO	F	0.36%	0.38%	0.36%
	KR	A	0.3%	0.06%	0.06%
	KVUE	A	0.05%	0.07%	0.05%
	L	A	0.05%	0.02%	0.02%
	LDOS	C	0.09%	0.04%	0.04%
	LEN	D	0.16%	0.06%	0.06%
	LH	B	0.09%	0.03%	0.03%
	LHX	B	0.16%	0.07%	0.07%
	LIN	D	0.34%	0.34%	0.34%
	LKQ	C	0.05%	0.02%	0.02%
	LLY	F	0.2%	0.93%	0.2%
	LMT	D	0.37%	0.18%	0.18%
	LNT	C	0.04%	0.02%	0.02%
	LOW	B	0.42%	0.23%	0.23%
	LRCX	F	0.16%	0.15%	0.15%
	LULU	B	0.01%	0.05%	0.01%
	LUV	B	0.02%	0.03%	0.02%
	LVS	C	0.04%	0.03%	0.03%
	LW	B	0.02%	0.02%	0.02%
	LYB	F	0.14%	0.03%	0.03%
	MA	B	0.28%	0.65%	0.28%
	MAA	C	0.03%	0.03%	0.03%
	MAR	A	0.09%	0.1%	0.09%
	MAS	D	0.05%	0.03%	0.03%
	MCD	C	0.33%	0.32%	0.32%
	MCHP	F	0.05%	0.06%	0.05%
	MCK	B	0.11%	0.11%	0.11%
	MCO	C	0.07%	0.11%	0.07%
	MDLZ	F	0.2%	0.13%	0.13%
	MDT	D	0.17%	0.18%	0.17%
	MET	C	0.25%	0.07%	0.07%
	META	B	1.82%	1.9%	1.82%
	MGM	D	0.06%	0.01%	0.01%
	MHK	D	0.06%	0.01%	0.01%
	MKC	D	0.03%	0.03%	0.03%
	MLM	B	0.05%	0.06%	0.05%
	MMC	D	0.14%	0.17%	0.14%
	MMM	C	0.35%	0.11%	0.11%
	MNST	B	0.05%	0.06%	0.05%
	MO	A	0.36%	0.14%	0.14%
	MOH	F	0.05%	0.03%	0.03%
	MOS	D	0.07%	0.01%	0.01%
	MPC	D	0.39%	0.08%	0.08%
	MRK	F	0.44%	0.39%	0.39%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.08%	0.02%	0.02%
	MS	A	0.45%	0.25%	0.25%
	MSCI	B	0.03%	0.07%	0.03%
	MSFT	C	2.41%	4.74%	2.41%
	MSI	B	0.06%	0.12%	0.06%
	MTB	A	0.1%	0.05%	0.05%
	MTD	F	0.03%	0.05%	0.03%
	MU	D	0.43%	0.19%	0.19%
	NDAQ	B	0.03%	0.05%	0.03%
	NDSN	B	0.02%	0.02%	0.02%
	NEE	D	0.24%	0.23%	0.23%
	NEM	F	0.14%	0.08%	0.08%
	NFLX	A	0.16%	0.51%	0.16%
	NI	A	0.04%	0.02%	0.02%
	NKE	F	0.19%	0.14%	0.14%
	NOC	D	0.2%	0.11%	0.11%
	NOW	A	0.01%	0.31%	0.01%
	NRG	C	0.11%	0.03%	0.03%
	NSC	B	0.21%	0.1%	0.1%
	NTAP	D	0.07%	0.04%	0.04%
	NTRS	A	0.08%	0.03%	0.03%
	NUE	D	0.21%	0.06%	0.06%
	NVDA	A	0.41%	5.44%	0.41%
	NVR	D	0.08%	0.04%	0.04%
	NWSA	B	0.04%	0.02%	0.02%
	NXPI	F	0.05%	0.09%	0.05%
	O	D	0.04%	0.08%	0.04%
	ODFL	B	0.06%	0.07%	0.06%
	OKE	A	0.13%	0.09%	0.09%
	OMC	A	0.08%	0.03%	0.03%
	ON	F	0.04%	0.05%	0.04%
	ORCL	A	0.5%	0.44%	0.44%
	ORLY	A	0.1%	0.11%	0.1%
	OTIS	D	0.05%	0.06%	0.05%
	OXY	F	0.11%	0.05%	0.05%
	PANW	B	0.03%	0.19%	0.03%
	PARA	B	0.11%	0.01%	0.01%
	PAYX	B	0.06%	0.07%	0.06%
	PCAR	B	0.15%	0.09%	0.09%
	PCG	A	0.03%	0.07%	0.03%
	PEG	C	0.1%	0.06%	0.06%
	PEP	D	0.41%	0.34%	0.34%
	PFE	F	0.71%	0.24%	0.24%
	PFG	C	0.09%	0.03%	0.03%
	PG	C	0.75%	0.58%	0.58%
	PGR	A	0.23%	0.23%	0.23%
	PH	A	0.12%	0.14%	0.12%
	PHM	D	0.11%	0.04%	0.04%
	PKG	B	0.07%	0.03%	0.03%
	PLD	D	0.07%	0.16%	0.07%
	PM	B	0.46%	0.3%	0.3%
	PNC	B	0.3%	0.12%	0.12%
	PNR	A	0.04%	0.03%	0.03%
	PNW	A	0.04%	0.02%	0.02%
	POOL	D	0.02%	0.02%	0.02%
	PPG	F	0.08%	0.04%	0.04%
	PPL	A	0.11%	0.04%	0.04%
	PRU	B	0.22%	0.07%	0.07%
	PSA	D	0.05%	0.08%	0.05%
	PSX	C	0.35%	0.08%	0.08%
	PWR	B	0.07%	0.07%	0.07%
	PYPL	A	0.21%	0.13%	0.13%
	QCOM	F	0.45%	0.29%	0.29%
	QRVO	F	0.03%	0.01%	0.01%
	REG	A	0.02%	0.02%	0.02%
	REGN	F	0.1%	0.13%	0.1%
	RF	A	0.08%	0.04%	0.04%
	RJF	A	0.05%	0.05%	0.05%
	RL	B	0.03%	0.01%	0.01%
	RMD	C	0.04%	0.05%	0.04%
	ROK	B	0.06%	0.05%	0.05%
	ROP	A	0.05%	0.09%	0.05%
	ROST	D	0.07%	0.07%	0.07%
	RSG	B	0.06%	0.06%	0.06%
	RTX	D	0.34%	0.25%	0.25%
	RVTY	C	0.03%	0.02%	0.02%
	SBAC	D	0.02%	0.04%	0.02%
	SBUX	B	0.27%	0.17%	0.17%
	SCHW	B	0.11%	0.17%	0.11%
	SHW	A	0.08%	0.13%	0.08%
	SJM	F	0.06%	0.02%	0.02%
	SLB	C	0.12%	0.09%	0.09%
	SNA	A	0.05%	0.03%	0.03%
	SNPS	C	0.03%	0.13%	0.03%
	SO	D	0.26%	0.15%	0.15%
	SOLV	C	0.03%	0.02%	0.02%
	SPG	A	0.1%	0.08%	0.08%
	SPGI	C	0.14%	0.24%	0.14%
	SRE	B	0.13%	0.08%	0.08%
	STE	D	0.03%	0.03%	0.03%
	STLD	C	0.12%	0.03%	0.03%
	STT	B	0.1%	0.04%	0.04%
	STX	D	0.09%	0.03%	0.03%
	STZ	D	0.07%	0.05%	0.05%
	SW	B	0.09%	0.04%	0.04%
	SWK	F	0.07%	0.02%	0.02%
	SWKS	F	0.04%	0.02%	0.02%
	SYF	B	0.33%	0.04%	0.04%
	SYK	A	0.12%	0.19%	0.12%
	SYY	D	0.1%	0.06%	0.06%
	T	A	1.25%	0.24%	0.24%
	TAP	B	0.05%	0.02%	0.02%
	TDG	D	0.07%	0.12%	0.07%
	TDY	B	0.03%	0.03%	0.03%
	TER	F	0.04%	0.03%	0.03%
	TFC	B	0.23%	0.1%	0.1%
	TFX	F	0.02%	0.01%	0.01%
	TGT	C	0.37%	0.1%	0.1%
	TJX	A	0.22%	0.2%	0.2%
	TMO	F	0.26%	0.32%	0.26%
	TMUS	A	0.25%	0.17%	0.17%
	TPR	A	0.05%	0.02%	0.02%
	TRGP	B	0.07%	0.06%	0.06%
	TRMB	B	0.03%	0.03%	0.03%
	TROW	A	0.13%	0.04%	0.04%
	TRV	B	0.3%	0.09%	0.09%
	TSCO	D	0.06%	0.05%	0.05%
	TSLA	B	0.26%	1.22%	0.26%
	TSN	B	0.18%	0.03%	0.03%
	TT	B	0.06%	0.13%	0.06%
	TTWO	A	0.03%	0.04%	0.03%
	TXN	B	0.36%	0.3%	0.3%
	TXT	D	0.06%	0.03%	0.03%
	UBER	F	0.04%	0.24%	0.04%
	UDR	C	0.02%	0.02%	0.02%
	UHS	D	0.08%	0.02%	0.02%
	ULTA	C	0.03%	0.03%	0.03%
	UNH	B	1.24%	0.84%	0.84%
	UNP	D	0.36%	0.23%	0.23%
	UPS	C	0.29%	0.15%	0.15%
	URI	B	0.13%	0.09%	0.09%
	USB	B	0.31%	0.12%	0.12%
	V	A	0.36%	0.78%	0.36%
	VICI	D	0.02%	0.05%	0.02%
	VLO	C	0.37%	0.07%	0.07%
	VMC	B	0.05%	0.06%	0.05%
	VRSK	A	0.04%	0.06%	0.04%
	VRSN	C	0.01%	0.02%	0.01%
	VRTX	B	0.08%	0.19%	0.08%
	VST	B	0.15%	0.07%	0.07%
	VTR	C	0.08%	0.04%	0.04%
	VTRS	B	0.1%	0.02%	0.02%
	VZ	D	1.12%	0.26%	0.26%
	WAB	B	0.06%	0.05%	0.05%
	WAT	B	0.04%	0.03%	0.03%
	WBA	D	0.18%	0.01%	0.01%
	WBD	B	0.08%	0.03%	0.03%
	WDC	D	0.13%	0.03%	0.03%
	WEC	B	0.08%	0.05%	0.05%
	WELL	B	0.1%	0.12%	0.1%
	WFC	A	1.29%	0.37%	0.37%
	WM	A	0.15%	0.12%	0.12%
	WMB	B	0.17%	0.1%	0.1%
	WMT	A	1.45%	0.55%	0.55%
	WRB	B	0.03%	0.03%	0.03%
	WST	B	0.02%	0.04%	0.02%
	WTW	A	0.07%	0.05%	0.05%
	WY	F	0.09%	0.03%	0.03%
	XEL	A	0.12%	0.06%	0.06%
	XOM	B	1.99%	0.82%	0.82%
	XYL	F	0.03%	0.05%	0.03%
	YUM	B	0.08%	0.06%	0.06%
	ZBH	C	0.05%	0.03%	0.03%
	ZBRA	B	0.04%	0.03%	0.03%
	ZTS	D	0.07%	0.12%	0.07%

FNDX Overweight 253 Positions Relative to HCMT

	Symbol	Grade	Weight
	LUMN	C	0.68%
	ALLY	C	0.1%
	RS	C	0.09%
	USFD	B	0.08%
	AVT	C	0.08%
	ARW	F	0.08%
	WKC	C	0.08%
	X	D	0.08%
	JLL	C	0.08%
	FLEX	B	0.07%
	CMA	A	0.07%
	R	B	0.07%
	VFC	C	0.07%
	LAD	B	0.07%
	THC	B	0.07%
	WHR	B	0.07%
	TOL	B	0.06%
	UNM	A	0.06%
	ZION	B	0.06%
	BFH	B	0.06%
	LNG	B	0.06%
	M	C	0.06%
	OMF	A	0.06%
	FNF	C	0.06%
	PFGC	B	0.06%
	EME	B	0.06%
	OC	A	0.06%
	KSS	D	0.06%
	AA	C	0.06%
	MAN	F	0.05%
	MKL	A	0.05%
	UGI	D	0.05%
	MRVL	B	0.05%
	OGN	F	0.05%
	ORI	A	0.05%
	ACM	B	0.05%
	INGR	B	0.05%
	CSL	B	0.05%
	JXN	C	0.05%
	KD	A	0.05%
	VNO	C	0.05%
	AN	C	0.05%
	GPI	B	0.05%
	ALSN	B	0.05%
	DINO	D	0.05%
	LEA	F	0.05%
	OVV	C	0.05%
	EQH	B	0.05%
	DXC	B	0.05%
	SFM	B	0.05%
	CASY	B	0.05%
	TDS	C	0.05%
	LNC	B	0.05%
	JEF	B	0.05%
	CACI	C	0.04%
	GAP	B	0.04%
	MLI	B	0.04%
	AMG	B	0.04%
	HUN	F	0.04%
	BCC	B	0.04%
	SSNC	C	0.04%
	HBI	B	0.04%
	CLF	F	0.04%
	SANM	C	0.04%
	OSK	B	0.04%
	ZIM	B	0.04%
	RPM	A	0.04%
	NXST	C	0.04%
	CNO	B	0.04%
	UFPI	B	0.04%
	FBIN	F	0.04%
	FYBR	D	0.04%
	BAH	C	0.04%
	SLM	A	0.04%
	RGA	A	0.04%
	TMHC	B	0.04%
	FAF	C	0.04%
	DKS	D	0.04%
	CCK	D	0.04%
	MUSA	B	0.04%
	CRBG	C	0.04%
	RHI	B	0.04%
	LPLA	A	0.04%
	DOX	C	0.04%
	GT	C	0.04%
	AYI	A	0.04%
	BERY	D	0.04%
	PVH	C	0.04%
	WCC	B	0.04%
	THO	B	0.04%
	AFG	A	0.04%
	WSM	F	0.04%
	KNX	C	0.04%
	EVR	B	0.04%
	SEE	C	0.03%
	SON	F	0.03%
	AAP	C	0.03%
	G	B	0.03%
	LSTR	B	0.03%
	EXP	B	0.03%
	TGNA	B	0.03%
	BURL	C	0.03%
	ACI	C	0.03%
	SCI	B	0.03%
	CAR	C	0.03%
	ITT	A	0.03%
	GNTX	C	0.03%
	TPH	C	0.03%
	APO	B	0.03%
	BBWI	C	0.03%
	KBH	D	0.03%
	LII	B	0.03%
	ABG	B	0.03%
	SEIC	A	0.03%
	CW	C	0.03%
	SNV	B	0.03%
	TRU	D	0.03%
	SAIC	D	0.03%
	BC	D	0.03%
	BTU	C	0.03%
	VOYA	B	0.03%
	ILMN	C	0.03%
	ARMK	B	0.03%
	SNX	C	0.03%
	JHG	A	0.03%
	OGE	B	0.03%
	GPK	D	0.03%
	EWBC	B	0.03%
	GNW	B	0.03%
	AGCO	F	0.03%
	RRX	B	0.03%
	FHN	A	0.03%
	FL	F	0.03%
	FLR	C	0.03%
	MTH	D	0.03%
	CIEN	B	0.03%
	WU	F	0.03%
	PBF	F	0.03%
	WSO	B	0.03%
	CG	B	0.03%
	CMC	B	0.03%
	OLN	F	0.03%
	LPX	A	0.03%
	NWL	B	0.03%
	MTZ	B	0.03%
	ALK	A	0.02%
	ADNT	D	0.02%
	CPRI	F	0.02%
	WLK	F	0.02%
	ALV	C	0.02%
	MATX	B	0.02%
	FLO	F	0.02%
	ODP	F	0.02%
	BPOP	C	0.02%
	CHKP	C	0.02%
	LEG	F	0.02%
	COHR	C	0.02%
	MPW	F	0.02%
	ARCH	B	0.02%
	TKR	F	0.02%
	MIDD	D	0.02%
	AER	B	0.02%
	POR	D	0.02%
	MKSI	C	0.02%
	OI	C	0.02%
	NFG	D	0.02%
	WPC	F	0.02%
	VAC	B	0.02%
	WERN	B	0.02%
	GLPI	D	0.02%
	POST	D	0.02%
	SM	C	0.02%
	AL	B	0.02%
	TTC	F	0.02%
	CCEP	C	0.02%
	XRX	F	0.02%
	NAVI	D	0.02%
	UHAL	D	0.02%
	HUBG	A	0.02%
	TPX	B	0.02%
	ASO	F	0.02%
	NSIT	F	0.02%
	MUR	D	0.02%
	STWD	C	0.02%
	PAG	B	0.02%
	ST	F	0.02%
	PENN	B	0.02%
	GGG	B	0.02%
	REZI	A	0.02%
	LECO	C	0.02%
	KBR	D	0.02%
	ASGN	D	0.02%
	PII	F	0.02%
	GXO	B	0.02%
	DCI	A	0.02%
	HOG	D	0.02%
	NOV	C	0.02%
	FCNCA	B	0.02%
	SLG	C	0.02%
	BECN	B	0.02%
	SUI	F	0.02%
	BRX	A	0.02%
	PK	C	0.02%
	SKX	F	0.02%
	NVT	C	0.02%
	MTG	C	0.02%
	DAR	B	0.02%
	CC	C	0.02%
	BAP	A	0.02%
	AVTR	F	0.02%
	ATR	A	0.02%
	AXTA	A	0.02%
	ABM	B	0.02%
	SQ	B	0.02%
	LAMR	D	0.02%
	THG	A	0.02%
	AR	B	0.02%
	CNH	D	0.02%
	BJ	B	0.02%
	EHC	B	0.02%
	PRI	B	0.02%
	RUSHA	B	0.02%
	VSH	F	0.01%
	ANDE	D	0.01%
	DBX	B	0.01%
	CNXC	F	0.01%
	WTRG	C	0.01%
	ICLR	F	0.01%
	CHE	D	0.01%
	MSM	C	0.01%
	LILAK	F	0.01%
	JAZZ	B	0.01%
	AEO	F	0.01%
	SPTN	F	0.01%
	MMS	F	0.01%
	BLD	F	0.01%
	CYH	F	0.01%
	HTZ	C	0.01%
	TNL	A	0.01%
	PRGO	C	0.01%
	AAL	B	0.01%
	DK	D	0.01%
	FTI	B	0.01%
	JWN	B	0.01%
	QRTEA	F	0.01%
	XRAY	F	0.01%
	HRB	D	0.01%
	UNFI	B	0.01%
	CRI	D	0.01%
	CNX	B	0.01%
	DAN	D	0.01%
	MDU	D	0.01%
	MTN	C	0.01%

FNDX Underweight 31 Positions Relative to HCMT

	Symbol	Grade	Weight
	PLTR	B	-0.17%
	CRWD	B	-0.11%
	ABNB	C	-0.09%
	FICO	B	-0.08%
	RCL	A	-0.08%
	MPWR	F	-0.06%
	CSGP	F	-0.05%
	AXON	B	-0.05%
	PTC	B	-0.04%
	VLTO	D	-0.04%
	TYL	B	-0.04%
	DXCM	C	-0.04%
	UAL	A	-0.04%
	PODD	B	-0.03%
	FDS	A	-0.03%
	LYV	A	-0.03%
	ENPH	F	-0.02%
	MKTX	C	-0.02%
	ERIE	F	-0.02%
	PAYC	B	-0.02%
	SMCI	F	-0.02%
	TECH	D	-0.02%
	NCLH	B	-0.02%
	DAY	B	-0.02%
	INCY	B	-0.02%
	ROL	C	-0.02%
	NWS	B	-0.01%
	FOX	A	-0.01%
	WYNN	C	-0.01%
	FRT	B	-0.01%
	MTCH	F	-0.01%

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

HCMT: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Oil & Gas E&P Aerospace & Defense Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

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