FNDX vs. IQSU ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to IQ Candriam ESG US Equity ETF (IQSU)

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

IQSU

IQ Candriam ESG US Equity ETF

IQSU Description

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the IQ Candriam ESG US Equity Index. The Advisor employs a passive management - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

Grade (RS Rating)

Last Trade

$49.60

Average Daily Volume

10,845

Number of Holdings ^*

281

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	IQSU
30 Days	3.67%	4.52%
60 Days	4.58%	4.59%
90 Days	6.53%	6.02%
12 Months	29.67%	24.96%

257 Overlapping Holdings

	Symbol	Grade	Weight in FNDX	Weight in IQSU	Overlap
	AAPL	C	4.35%	9.59%	4.35%
	ACGL	D	0.03%	0.13%	0.03%
	ACN	C	0.36%	0.94%	0.36%
	ADBE	C	0.2%	0.87%	0.2%
	ADI	D	0.13%	0.42%	0.13%
	ADM	D	0.21%	0.1%	0.1%
	ADP	B	0.15%	0.48%	0.15%
	ADSK	A	0.03%	0.26%	0.03%
	AFL	B	0.21%	0.22%	0.21%
	AIG	B	0.28%	0.19%	0.19%
	AJG	B	0.05%	0.25%	0.05%
	AKAM	D	0.03%	0.05%	0.03%
	ALL	A	0.27%	0.2%	0.2%
	AMAT	F	0.24%	0.55%	0.24%
	AMD	F	0.09%	0.86%	0.09%
	AMP	A	0.15%	0.22%	0.15%
	AMT	D	0.11%	0.37%	0.11%
	ANSS	B	0.02%	0.12%	0.02%
	APD	A	0.13%	0.28%	0.13%
	APO	B	0.03%	0.26%	0.03%
	APTV	D	0.02%	0.06%	0.02%
	ARE	D	0.03%	0.06%	0.03%
	AVB	B	0.05%	0.13%	0.05%
	AVTR	F	0.02%	0.05%	0.02%
	AWK	D	0.04%	0.11%	0.04%
	AXP	A	0.36%	0.65%	0.36%
	AZO	C	0.06%	0.2%	0.06%
	BAC	A	1.3%	1.23%	1.23%
	BALL	D	0.06%	0.07%	0.06%
	BBY	D	0.16%	0.07%	0.07%
	BIIB	F	0.09%	0.09%	0.09%
	BK	A	0.26%	0.23%	0.23%
	BKR	B	0.16%	0.18%	0.16%
	BMY	B	0.45%	0.46%	0.45%
	BR	A	0.03%	0.1%	0.03%
	BX	A	0.13%	0.51%	0.13%
	C	A	1.1%	0.5%	0.5%
	CAG	D	0.06%	0.05%	0.05%
	CAH	B	0.07%	0.11%	0.07%
	CARR	D	0.12%	0.23%	0.12%
	CBOE	B	0.01%	0.09%	0.01%
	CBRE	B	0.13%	0.16%	0.13%
	CCI	D	0.09%	0.18%	0.09%
	CDNS	B	0.03%	0.32%	0.03%
	CDW	F	0.04%	0.09%	0.04%
	CFG	B	0.1%	0.08%	0.08%
	CHD	B	0.04%	0.11%	0.04%
	CHTR	C	0.35%	0.15%	0.15%
	CI	F	0.48%	0.36%	0.36%
	CL	D	0.13%	0.31%	0.13%
	CLX	B	0.04%	0.08%	0.04%
	CMCSA	B	0.83%	0.65%	0.65%
	CME	A	0.08%	0.32%	0.08%
	CMG	B	0.04%	0.32%	0.04%
	COF	B	0.48%	0.27%	0.27%
	CPAY	A	0.06%	0.1%	0.06%
	CPB	D	0.03%	0.03%	0.03%
	CRM	B	0.15%	1.2%	0.15%
	CSCO	B	0.82%	0.91%	0.82%
	CTAS	B	0.08%	0.3%	0.08%
	CTSH	B	0.19%	0.15%	0.15%
	DD	D	0.17%	0.12%	0.12%
	DELL	C	0.03%	0.14%	0.03%
	DFS	B	0.26%	0.17%	0.17%
	DG	F	0.08%	0.06%	0.06%
	DGX	A	0.07%	0.07%	0.07%
	DIS	B	0.45%	0.82%	0.45%
	DLR	B	0.08%	0.24%	0.08%
	DLTR	F	0.05%	0.05%	0.05%
	DOC	D	0.03%	0.06%	0.03%
	DOV	A	0.06%	0.11%	0.06%
	DOX	D	0.04%	0.04%	0.04%
	EA	A	0.09%	0.16%	0.09%
	EBAY	D	0.17%	0.12%	0.12%
	ECL	D	0.08%	0.24%	0.08%
	ED	D	0.12%	0.13%	0.12%
	EFX	F	0.03%	0.12%	0.03%
	EG	C	0.02%	0.06%	0.02%
	EL	F	0.03%	0.05%	0.03%
	ELV	F	0.36%	0.37%	0.36%
	EMR	A	0.17%	0.29%	0.17%
	EQIX	A	0.08%	0.34%	0.08%
	EQR	B	0.05%	0.1%	0.05%
	ES	D	0.08%	0.08%	0.08%
	ESS	B	0.03%	0.07%	0.03%
	EW	C	0.04%	0.16%	0.04%
	EXC	C	0.17%	0.15%	0.15%
	EXPD	D	0.04%	0.07%	0.04%
	EXR	D	0.03%	0.14%	0.03%
	FAST	B	0.07%	0.18%	0.07%
	FCX	D	0.14%	0.24%	0.14%
	FDX	B	0.32%	0.26%	0.26%
	FI	A	0.13%	0.5%	0.13%
	FIS	C	0.12%	0.19%	0.12%
	FITB	A	0.13%	0.12%	0.12%
	FTNT	C	0.03%	0.22%	0.03%
	FTV	C	0.03%	0.1%	0.03%
	GE	D	0.15%	0.76%	0.15%
	GEN	B	0.04%	0.06%	0.04%
	GILD	C	0.37%	0.43%	0.37%
	GIS	D	0.11%	0.14%	0.11%
	GLW	B	0.14%	0.14%	0.14%
	GOOG	C	1.14%	2.55%	1.14%
	GOOGL	C	1.33%	2.84%	1.33%
	GPN	B	0.09%	0.12%	0.09%
	GWW	B	0.08%	0.18%	0.08%
	HAL	C	0.06%	0.11%	0.06%
	HBAN	A	0.08%	0.1%	0.08%
	HD	A	0.8%	1.56%	0.8%
	HIG	B	0.14%	0.14%	0.14%
	HLT	A	0.06%	0.24%	0.06%
	HOLX	D	0.04%	0.07%	0.04%
	HPE	B	0.21%	0.11%	0.11%
	HPQ	B	0.21%	0.14%	0.14%
	HRL	D	0.03%	0.03%	0.03%
	HSY	F	0.04%	0.1%	0.04%
	HUM	C	0.19%	0.14%	0.14%
	IBM	C	0.54%	0.77%	0.54%
	ICE	C	0.11%	0.35%	0.11%
	IDXX	F	0.02%	0.14%	0.02%
	IFF	D	0.05%	0.09%	0.05%
	INTC	D	0.89%	0.4%	0.4%
	INTU	C	0.11%	0.7%	0.11%
	INVH	D	0.03%	0.08%	0.03%
	IR	B	0.03%	0.16%	0.03%
	IRM	D	0.06%	0.13%	0.06%
	IT	C	0.03%	0.15%	0.03%
	ITW	B	0.15%	0.32%	0.15%
	JBHT	C	0.05%	0.06%	0.05%
	JCI	C	0.16%	0.22%	0.16%
	K	A	0.07%	0.08%	0.07%
	KDP	D	0.07%	0.13%	0.07%
	KEY	B	0.1%	0.07%	0.07%
	KEYS	A	0.04%	0.11%	0.04%
	KHC	F	0.09%	0.1%	0.09%
	KKR	A	0.12%	0.4%	0.12%
	KLAC	D	0.08%	0.33%	0.08%
	KMB	D	0.1%	0.18%	0.1%
	KMI	A	0.23%	0.22%	0.22%
	KR	B	0.3%	0.15%	0.15%
	KVUE	A	0.05%	0.18%	0.05%
	LH	C	0.09%	0.08%	0.08%
	LIN	D	0.33%	0.85%	0.33%
	LNG	B	0.06%	0.2%	0.06%
	LOW	D	0.43%	0.59%	0.43%
	LRCX	F	0.15%	0.36%	0.15%
	LULU	C	0.01%	0.13%	0.01%
	LYB	F	0.14%	0.08%	0.08%
	MA	C	0.29%	1.66%	0.29%
	MAA	B	0.03%	0.07%	0.03%
	MAR	B	0.09%	0.27%	0.09%
	MAS	D	0.05%	0.07%	0.05%
	MCO	B	0.07%	0.3%	0.07%
	MDLZ	F	0.2%	0.34%	0.2%
	MET	A	0.26%	0.19%	0.19%
	MKC	D	0.03%	0.08%	0.03%
	MLM	B	0.04%	0.14%	0.04%
	MMC	B	0.14%	0.43%	0.14%
	MMM	D	0.35%	0.28%	0.28%
	MPC	D	0.4%	0.22%	0.22%
	MRVL	B	0.04%	0.3%	0.04%
	MS	A	0.46%	0.65%	0.46%
	MSCI	C	0.03%	0.18%	0.03%
	MSFT	F	2.43%	9.56%	2.43%
	MSI	B	0.07%	0.32%	0.07%
	MTB	A	0.11%	0.14%	0.11%
	MTD	D	0.03%	0.1%	0.03%
	MU	D	0.38%	0.43%	0.38%
	NDAQ	A	0.03%	0.12%	0.03%
	NEE	D	0.24%	0.61%	0.24%
	NEM	D	0.13%	0.19%	0.13%
	NKE	D	0.19%	0.35%	0.19%
	NOW	A	0.01%	0.82%	0.01%
	NTAP	C	0.07%	0.1%	0.07%
	NTRS	A	0.08%	0.09%	0.08%
	NUE	C	0.19%	0.14%	0.14%
	NVR	D	0.08%	0.11%	0.08%
	OKE	A	0.14%	0.26%	0.14%
	OMC	C	0.08%	0.08%	0.08%
	ON	D	0.04%	0.11%	0.04%
	OTIS	C	0.05%	0.16%	0.05%
	PANW	C	0.03%	0.49%	0.03%
	PAYX	C	0.06%	0.18%	0.06%
	PCG	A	0.03%	0.18%	0.03%
	PEG	A	0.11%	0.18%	0.11%
	PEP	F	0.41%	0.86%	0.41%
	PFG	D	0.09%	0.08%	0.08%
	PG	A	0.77%	1.58%	0.77%
	PGR	A	0.23%	0.59%	0.23%
	PH	A	0.13%	0.35%	0.13%
	PKG	A	0.07%	0.08%	0.07%
	PLD	D	0.07%	0.41%	0.07%
	PNC	B	0.3%	0.32%	0.3%
	PPG	F	0.08%	0.11%	0.08%
	PRU	A	0.22%	0.18%	0.18%
	PSA	D	0.05%	0.21%	0.05%
	PWR	A	0.07%	0.19%	0.07%
	PYPL	B	0.22%	0.35%	0.22%
	QCOM	F	0.43%	0.67%	0.43%
	RF	A	0.09%	0.09%	0.09%
	RJF	A	0.05%	0.12%	0.05%
	RMD	C	0.03%	0.14%	0.03%
	ROK	B	0.06%	0.13%	0.06%
	ROP	B	0.05%	0.23%	0.05%
	SBAC	D	0.02%	0.09%	0.02%
	SBUX	A	0.28%	0.43%	0.28%
	SHW	A	0.08%	0.35%	0.08%
	SLB	C	0.12%	0.24%	0.12%
	SNPS	B	0.03%	0.32%	0.03%
	SPG	B	0.1%	0.23%	0.1%
	SPGI	C	0.15%	0.62%	0.15%
	SRE	A	0.13%	0.23%	0.13%
	SSNC	B	0.04%	0.06%	0.04%
	STE	F	0.03%	0.08%	0.03%
	STX	D	0.09%	0.07%	0.07%
	SWKS	F	0.04%	0.05%	0.04%
	SYF	B	0.34%	0.1%	0.1%
	SYY	B	0.1%	0.15%	0.1%
	TER	D	0.04%	0.06%	0.04%
	TFC	A	0.23%	0.24%	0.23%
	TGT	F	0.38%	0.22%	0.22%
	TJX	A	0.22%	0.54%	0.22%
	TRMB	B	0.03%	0.07%	0.03%
	TRU	D	0.03%	0.07%	0.03%
	TRV	B	0.31%	0.23%	0.23%
	TSCO	D	0.06%	0.12%	0.06%
	TSLA	B	0.28%	3.69%	0.28%
	TT	A	0.06%	0.37%	0.06%
	TTWO	A	0.03%	0.12%	0.03%
	TXN	C	0.34%	0.7%	0.34%
	ULTA	F	0.03%	0.07%	0.03%
	UNH	C	1.22%	2.17%	1.22%
	UPS	C	0.28%	0.38%	0.28%
	URI	B	0.13%	0.21%	0.13%
	USB	A	0.32%	0.29%	0.29%
	V	A	0.36%	1.91%	0.36%
	VLO	C	0.39%	0.18%	0.18%
	VMC	B	0.05%	0.14%	0.05%
	VRSK	A	0.04%	0.16%	0.04%
	VRSN	F	0.01%	0.06%	0.01%
	VRTX	F	0.07%	0.46%	0.07%
	VTR	C	0.08%	0.1%	0.08%
	WAB	B	0.06%	0.14%	0.06%
	WAT	B	0.04%	0.08%	0.04%
	WBD	C	0.08%	0.09%	0.08%
	WDC	D	0.12%	0.08%	0.08%
	WELL	A	0.1%	0.32%	0.1%
	WM	A	0.15%	0.35%	0.15%
	WMB	A	0.17%	0.28%	0.17%
	WST	C	0.02%	0.09%	0.02%
	WTW	B	0.07%	0.13%	0.07%
	WY	D	0.09%	0.09%	0.09%
	XYL	D	0.03%	0.11%	0.03%
	YUM	B	0.08%	0.15%	0.08%
	ZBH	C	0.05%	0.09%	0.05%
	ZBRA	B	0.04%	0.08%	0.04%
	ZTS	D	0.07%	0.32%	0.07%

FNDX Overweight 464 Positions Relative to IQSU

	Symbol	Grade	Weight
	BRK.A	B	2.17%
	JPM	A	2.03%
	XOM	B	1.99%
	META	D	1.79%
	AMZN	C	1.56%
	WMT	A	1.47%
	WFC	A	1.35%
	T	A	1.27%
	CVX	A	1.25%
	VZ	C	1.13%
	JNJ	D	0.89%
	GM	B	0.79%
	CVS	D	0.68%
	PFE	D	0.68%
	COST	B	0.66%
	LUMN	C	0.65%
	GS	A	0.62%
	AVGO	D	0.61%
	ORCL	B	0.5%
	ABBV	D	0.49%
	PM	B	0.48%
	COP	C	0.48%
	MRK	F	0.42%
	CAT	B	0.41%
	NVDA	C	0.4%
	AMGN	D	0.39%
	LMT	D	0.37%
	HON	B	0.37%
	MO	A	0.37%
	PSX	C	0.36%
	KO	D	0.35%
	UNP	C	0.35%
	RTX	C	0.34%
	ABT	B	0.34%
	MCD	D	0.34%
	F	C	0.33%
	DUK	C	0.3%
	BLK	C	0.28%
	SO	D	0.26%
	CB	C	0.26%
	TMO	F	0.25%
	TMUS	B	0.25%
	BKNG	A	0.24%
	ETN	A	0.23%
	DE	A	0.23%
	EOG	A	0.23%
	CSX	B	0.22%
	NSC	B	0.21%
	GD	F	0.21%
	NOC	D	0.2%
	TSN	B	0.2%
	LLY	F	0.2%
	HCA	F	0.2%
	CMI	A	0.19%
	CNC	D	0.19%
	DOW	F	0.18%
	IP	B	0.17%
	WBA	F	0.17%
	NFLX	A	0.17%
	D	C	0.17%
	AEP	D	0.16%
	VST	B	0.16%
	DHI	D	0.16%
	LHX	C	0.16%
	LEN	D	0.16%
	MDT	D	0.16%
	DHR	F	0.15%
	PCAR	B	0.15%
	SCHW	B	0.13%
	SYK	C	0.13%
	TROW	B	0.13%
	AON	A	0.13%
	ETR	B	0.12%
	XEL	A	0.12%
	ORLY	B	0.11%
	PARA	C	0.11%
	MCK	B	0.11%
	BDX	F	0.11%
	OXY	D	0.11%
	PPL	B	0.11%
	BA	F	0.11%
	PHM	D	0.11%
	STLD	B	0.11%
	EIX	B	0.1%
	ALLY	C	0.1%
	FOXA	B	0.1%
	VTRS	A	0.1%
	REGN	F	0.1%
	STT	A	0.1%
	CEG	D	0.1%
	BG	F	0.1%
	NRG	B	0.1%
	MRO	B	0.09%
	SW	A	0.09%
	ISRG	A	0.09%
	FE	C	0.09%
	DVN	F	0.09%
	RS	B	0.09%
	CTVA	C	0.09%
	BSX	B	0.09%
	APH	A	0.09%
	GEHC	F	0.09%
	ARW	D	0.08%
	EMN	D	0.08%
	USFD	A	0.08%
	CHRW	C	0.08%
	WHR	B	0.08%
	UHS	D	0.08%
	WEC	A	0.08%
	WKC	D	0.08%
	JLL	D	0.08%
	BAX	D	0.07%
	IQV	D	0.07%
	OC	A	0.07%
	VFC	C	0.07%
	HWM	A	0.07%
	SWK	D	0.07%
	CMA	A	0.07%
	CF	B	0.07%
	AEE	A	0.07%
	TRGP	B	0.07%
	THC	D	0.07%
	EVRG	A	0.07%
	STZ	D	0.07%
	R	B	0.07%
	CINF	A	0.07%
	X	C	0.07%
	LAD	A	0.07%
	AVT	C	0.07%
	ROST	C	0.07%
	DTE	C	0.07%
	LDOS	C	0.07%
	SNA	A	0.06%
	OVV	B	0.06%
	HES	B	0.06%
	TOL	B	0.06%
	M	D	0.06%
	ODFL	B	0.06%
	MGM	D	0.06%
	DVA	B	0.06%
	JEF	A	0.06%
	TXT	D	0.06%
	BLDR	D	0.06%
	UNM	A	0.06%
	CMS	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%
	PFGC	B	0.06%
	EME	C	0.06%
	CNP	B	0.06%
	FNF	B	0.06%
	RSG	A	0.06%
	TDG	D	0.06%
	KSS	F	0.06%
	MOS	F	0.06%
	KMX	B	0.06%
	MOH	F	0.05%
	ACM	A	0.05%
	VNO	B	0.05%
	NI	A	0.05%
	MNST	C	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%
	MCHP	D	0.05%
	IVZ	B	0.05%
	L	A	0.05%
	JNPR	F	0.05%
	AES	F	0.05%
	DRI	B	0.05%
	AN	C	0.05%
	BXP	D	0.05%
	GPC	D	0.05%
	KD	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%
	FANG	D	0.05%
	CASY	A	0.05%
	DINO	D	0.05%
	BWA	D	0.05%
	J	F	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%
	LNC	B	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%
	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%
	CNO	A	0.04%
	HST	C	0.04%
	CRBG	B	0.04%
	SLM	A	0.04%
	TMHC	B	0.04%
	CCK	C	0.04%
	DKS	C	0.04%
	GT	C	0.04%
	RGA	A	0.04%
	ATO	A	0.04%
	RHI	B	0.04%
	HSIC	B	0.04%
	LNT	A	0.04%
	FAF	A	0.04%
	MUSA	A	0.04%
	BERY	B	0.04%
	LPLA	A	0.04%
	PVH	C	0.04%
	NWSA	B	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%
	EVR	B	0.04%
	OGN	D	0.04%
	JXN	C	0.04%
	MAN	D	0.04%
	EQT	B	0.04%
	GEV	B	0.04%
	UGI	A	0.04%
	EXP	A	0.03%
	SEE	C	0.03%
	THG	A	0.03%
	LSTR	D	0.03%
	PRI	A	0.03%
	AR	B	0.03%
	FMC	D	0.03%
	SCI	B	0.03%
	IEX	B	0.03%
	ACI	C	0.03%
	MRNA	F	0.03%
	TDY	B	0.03%
	CPRT	A	0.03%
	GNTX	C	0.03%
	AAP	C	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%
	ABG	B	0.03%
	SNV	B	0.03%
	ALB	C	0.03%
	SEIC	B	0.03%
	KIM	A	0.03%
	VOYA	B	0.03%
	QRVO	F	0.03%
	AMCR	D	0.03%
	ARMK	B	0.03%
	AIZ	A	0.03%
	DAL	C	0.03%
	CAR	C	0.03%
	OGE	B	0.03%
	GPK	C	0.03%
	HAS	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%
	MTH	D	0.03%
	JHG	A	0.03%
	CLF	F	0.03%
	HII	D	0.03%
	EWBC	A	0.03%
	WU	D	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%
	CTRA	B	0.03%
	CMC	B	0.03%
	OLN	D	0.03%
	DECK	A	0.03%
	DPZ	C	0.03%
	BAH	F	0.03%
	CE	F	0.03%
	WSO	A	0.03%
	PBF	D	0.03%
	MTZ	B	0.03%
	WRB	A	0.03%
	SANM	B	0.03%
	NWL	B	0.03%
	HBI	B	0.03%
	GL	B	0.03%
	MLI	C	0.03%
	HUBB	B	0.03%
	WLK	D	0.02%
	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%
	ASGN	F	0.02%
	NAVI	C	0.02%
	SM	B	0.02%
	NDSN	B	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%
	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%
	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%
	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%
	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%
	FSLR	F	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%
	UNFI	A	0.01%
	CRI	D	0.01%
	CNX	A	0.01%
	CPRI	F	0.01%

FNDX Underweight 24 Positions Relative to IQSU

	Symbol	Grade	Weight
	MELI	D	-0.36%
	CRWD	B	-0.31%
	ABNB	C	-0.23%
	DASH	A	-0.22%
	FICO	B	-0.22%
	WDAY	B	-0.21%
	RCL	A	-0.2%
	SNOW	C	-0.16%
	TEAM	A	-0.15%
	HUBS	A	-0.13%
	DXCM	D	-0.12%
	ALNY	D	-0.12%
	VEEV	C	-0.12%
	MPWR	F	-0.1%
	MDB	C	-0.08%
	PINS	D	-0.07%
	ZS	C	-0.07%
	BMRN	D	-0.05%
	OKTA	C	-0.05%
	INCY	C	-0.05%
	RPRX	D	-0.04%
	SNAP	C	-0.04%
	ENPH	F	-0.03%
	AGR	B	-0.01%

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

IQSU: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diversified Industrials Banks - Regional - US Semiconductors Credit Services Household & Personal Products Packaged Foods Software - Infrastructure Specialty Chemicals Asset Management Diagnostics & Research Specialty Retail Biotechnology Capital Markets Information Technology Services Internet Content & Information REIT - Residential Semiconductor Equipment & Materials Utilities - Regulated Electric

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Bank Dow Jones Component Semiconductor Banking Real Estate Investment Trust Electronics Integrated Circuits Investment Bank Work From Home Chemical Cloud Computing Disability Insurance Products Mobile Devices Telecommunications