FNDX vs. IUSG ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to iShares Core U.S. Growth ETF (IUSG)

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

$71.07

Average Daily Volume

429,832

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$130.71

Average Daily Volume

376,432

Number of Holdings ^*

482

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	IUSG
30 Days	3.09%	1.64%
60 Days	4.23%	3.16%
90 Days	6.97%	2.90%
12 Months	26.34%	36.07%

287 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in IUSG	Overlap
AAPL	C	4.51%	11.42%	4.51%
ABBV	C	0.6%	0.45%	0.45%
ACGL	C	0.05%	0.15%	0.05%
ACM	B	0.04%	0.02%	0.02%
ACN	C	0.34%	0.42%	0.34%
ADBE	F	0.22%	0.86%	0.22%
ADI	C	0.13%	0.23%	0.13%
ADP	B	0.15%	0.16%	0.15%
ADSK	C	0.03%	0.11%	0.03%
AJG	D	0.05%	0.12%	0.05%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.03%	0.02%
ALLE	B	0.02%	0.02%	0.02%
ALV	F	0.02%	0.01%	0.01%
AMAT	D	0.25%	0.56%	0.25%
AMD	D	0.09%	0.88%	0.09%
AME	C	0.05%	0.07%	0.05%
AMP	A	0.12%	0.08%	0.08%
AMT	C	0.14%	0.16%	0.14%
AMZN	C	1.42%	6.08%	1.42%
ANET	B	0.04%	0.33%	0.04%
ANSS	D	0.02%	0.06%	0.02%
AON	B	0.13%	0.14%	0.13%
AOS	D	0.03%	0.02%	0.02%
APA	F	0.03%	0.03%	0.03%
APH	D	0.09%	0.15%	0.09%
ATR	B	0.02%	0.02%	0.02%
AVGO	C	0.68%	2.6%	0.68%
AVTR	B	0.03%	0.03%	0.03%
AXP	B	0.37%	0.37%	0.37%
AXTA	B	0.02%	0.03%	0.02%
AYI	B	0.04%	0.01%	0.01%
AZO	D	0.06%	0.13%	0.06%
BA	F	0.14%	0.14%	0.14%
BC	C	0.03%	0.01%	0.01%
BKNG	C	0.2%	0.48%	0.2%
BLD	D	0.01%	0.04%	0.01%
BLDR	C	0.04%	0.08%	0.04%
BR	D	0.04%	0.05%	0.04%
BRO	C	0.03%	0.07%	0.03%
BRX	B	0.02%	0.01%	0.01%
BSX	B	0.09%	0.24%	0.09%
BURL	B	0.03%	0.04%	0.03%
BX	B	0.11%	0.28%	0.11%
CACI	B	0.03%	0.01%	0.01%
CAR	F	0.02%	0.0%	0.0%
CARR	B	0.13%	0.11%	0.11%
CASY	D	0.05%	0.05%	0.05%
CAT	B	0.39%	0.35%	0.35%
CBOE	C	0.02%	0.05%	0.02%
CCK	A	0.04%	0.02%	0.02%
CCL	C	0.05%	0.04%	0.04%
CDNS	D	0.03%	0.26%	0.03%
CDW	D	0.06%	0.04%	0.04%
CE	F	0.06%	0.04%	0.04%
CEG	C	0.1%	0.1%	0.1%
CF	C	0.06%	0.03%	0.03%
CG	D	0.03%	0.01%	0.01%
CHD	D	0.04%	0.04%	0.04%
CHE	C	0.01%	0.02%	0.01%
CHTR	D	0.32%	0.06%	0.06%
CIEN	C	0.03%	0.01%	0.01%
CL	D	0.16%	0.12%	0.12%
CME	C	0.08%	0.1%	0.08%
CMG	C	0.04%	0.27%	0.04%
CNX	B	0.02%	0.01%	0.01%
COP	D	0.42%	0.3%	0.3%
COST	B	0.73%	0.61%	0.61%
CPAY	B	0.05%	0.08%	0.05%
CPRI	D	0.03%	0.01%	0.01%
CPRT	D	0.02%	0.16%	0.02%
CRM	D	0.12%	0.88%	0.12%
CSL	B	0.05%	0.07%	0.05%
CSX	D	0.21%	0.12%	0.12%
CTAS	B	0.09%	0.14%	0.09%
CTRA	D	0.01%	0.04%	0.01%
CW	B	0.03%	0.03%	0.03%
CZR	C	0.02%	0.02%	0.02%
DAL	C	0.02%	0.06%	0.02%
DBX	D	0.01%	0.02%	0.01%
DCI	C	0.02%	0.02%	0.02%
DE	B	0.22%	0.21%	0.21%
DECK	C	0.03%	0.09%	0.03%
DFS	B	0.21%	0.06%	0.06%
DHI	B	0.2%	0.21%	0.2%
DKS	D	0.05%	0.02%	0.02%
DLR	B	0.08%	0.08%	0.08%
DPZ	F	0.04%	0.02%	0.02%
DRI	B	0.05%	0.04%	0.04%
DVA	B	0.07%	0.02%	0.02%
EA	D	0.08%	0.06%	0.06%
ECL	B	0.09%	0.12%	0.09%
EFX	B	0.04%	0.05%	0.04%
EHC	C	0.02%	0.02%	0.02%
EME	B	0.06%	0.07%	0.06%
EOG	D	0.2%	0.16%	0.16%
EPAM	F	0.02%	0.02%	0.02%
EQH	C	0.05%	0.01%	0.01%
EQIX	C	0.08%	0.14%	0.08%
ETN	C	0.21%	0.27%	0.21%
EVR	A	0.04%	0.02%	0.02%
EW	F	0.04%	0.05%	0.04%
EWBC	D	0.03%	0.02%	0.02%
EXP	B	0.02%	0.03%	0.02%
EXPD	C	0.02%	0.02%	0.02%
EXPE	C	0.03%	0.06%	0.03%
FANG	D	0.05%	0.11%	0.05%
FAST	C	0.07%	0.07%	0.07%
FCX	D	0.13%	0.11%	0.11%
FTNT	C	0.03%	0.17%	0.03%
FTV	C	0.03%	0.09%	0.03%
GDDY	C	0.03%	0.08%	0.03%
GE	B	0.18%	0.3%	0.18%
GEV	B	0.05%	0.09%	0.05%
GGG	C	0.02%	0.05%	0.02%
GLPI	C	0.02%	0.02%	0.02%
GNRC	D	0.02%	0.02%	0.02%
GNTX	F	0.03%	0.02%	0.02%
GOOG	D	1.06%	2.76%	1.06%
GOOGL	D	1.22%	3.29%	1.22%
GRMN	D	0.05%	0.05%	0.05%
GWW	B	0.07%	0.12%	0.07%
GXO	D	0.02%	0.01%	0.01%
HCA	B	0.25%	0.13%	0.13%
HD	B	0.78%	0.5%	0.5%
HES	F	0.04%	0.13%	0.04%
HLT	B	0.06%	0.19%	0.06%
HRB	C	0.02%	0.03%	0.02%
HST	C	0.04%	0.03%	0.03%
HSY	C	0.04%	0.04%	0.04%
HUBB	B	0.03%	0.04%	0.03%
HWM	B	0.06%	0.08%	0.06%
IDXX	C	0.03%	0.08%	0.03%
INGR	B	0.05%	0.01%	0.01%
INTU	C	0.11%	0.65%	0.11%
IQV	C	0.08%	0.06%	0.06%
IR	C	0.03%	0.1%	0.03%
IRM	C	0.08%	0.06%	0.06%
ISRG	B	0.09%	0.41%	0.09%
IT	B	0.03%	0.14%	0.03%
ITT	B	0.03%	0.04%	0.03%
ITW	C	0.15%	0.11%	0.11%
JAZZ	D	0.01%	0.01%	0.01%
JBL	D	0.05%	0.02%	0.02%
KBH	A	0.03%	0.01%	0.01%
KBR	D	0.02%	0.01%	0.01%
KKR	B	0.11%	0.29%	0.11%
KLAC	D	0.1%	0.36%	0.1%
KO	C	0.43%	0.38%	0.38%
LAMR	B	0.02%	0.02%	0.02%
LECO	F	0.02%	0.04%	0.02%
LEN	B	0.19%	0.09%	0.09%
LII	B	0.03%	0.07%	0.03%
LIN	B	0.35%	0.42%	0.35%
LLY	C	0.27%	2.63%	0.27%
LPX	B	0.03%	0.01%	0.01%
LRCX	F	0.16%	0.36%	0.16%
LSTR	D	0.02%	0.02%	0.02%
LULU	D	0.02%	0.11%	0.02%
LVS	D	0.03%	0.03%	0.03%
LW	D	0.01%	0.02%	0.01%
MA	B	0.28%	1.04%	0.28%
MAR	C	0.08%	0.2%	0.08%
MAS	B	0.06%	0.03%	0.03%
MCD	B	0.34%	0.33%	0.33%
MCHP	F	0.05%	0.09%	0.05%
MCO	B	0.08%	0.13%	0.08%
MDLZ	B	0.23%	0.15%	0.15%
META	B	1.85%	4.1%	1.85%
MGM	F	0.05%	0.02%	0.02%
MIDD	D	0.02%	0.01%	0.01%
MKSI	F	0.02%	0.01%	0.01%
MLM	D	0.04%	0.08%	0.04%
MMC	C	0.15%	0.21%	0.15%
MMS	C	0.01%	0.01%	0.01%
MNST	D	0.04%	0.08%	0.04%
MOH	D	0.05%	0.04%	0.04%
MPC	F	0.41%	0.11%	0.11%
MRK	D	0.51%	0.42%	0.42%
MRO	C	0.08%	0.03%	0.03%
MSCI	C	0.03%	0.09%	0.03%
MSFT	C	2.54%	11.4%	2.54%
MSI	B	0.06%	0.15%	0.06%
MSM	D	0.01%	0.01%	0.01%
MTD	D	0.04%	0.04%	0.04%
MTG	B	0.03%	0.01%	0.01%
MTN	D	0.01%	0.02%	0.01%
MUR	F	0.02%	0.01%	0.01%
MUSA	D	0.05%	0.04%	0.04%
NFLX	B	0.15%	1.07%	0.15%
NKE	D	0.18%	0.15%	0.15%
NOW	B	0.01%	0.64%	0.01%
NTAP	D	0.08%	0.03%	0.03%
NUE	F	0.18%	0.08%	0.08%
NVDA	D	0.38%	10.44%	0.38%
NVR	B	0.08%	0.11%	0.08%
NVT	D	0.02%	0.04%	0.02%
NXPI	F	0.08%	0.16%	0.08%
OC	D	0.06%	0.05%	0.05%
ODFL	D	0.05%	0.12%	0.05%
OKE	B	0.13%	0.12%	0.12%
OLN	D	0.03%	0.01%	0.01%
ON	D	0.04%	0.05%	0.04%
ORCL	C	0.47%	0.92%	0.47%
ORLY	C	0.1%	0.17%	0.1%
OTIS	C	0.05%	0.05%	0.05%
OVV	F	0.04%	0.03%	0.03%
PANW	D	0.03%	0.4%	0.03%
PAYX	C	0.06%	0.06%	0.06%
PCAR	D	0.13%	0.13%	0.13%
PEP	C	0.45%	0.31%	0.31%
PG	C	0.84%	0.57%	0.57%
PGR	B	0.26%	0.27%	0.26%
PH	B	0.12%	0.21%	0.12%
PHM	B	0.13%	0.1%	0.1%
PK	D	0.02%	0.01%	0.01%
PM	C	0.51%	0.26%	0.26%
PNR	B	0.04%	0.04%	0.04%
POOL	C	0.02%	0.03%	0.02%
PRI	B	0.02%	0.03%	0.02%
PSA	B	0.06%	0.09%	0.06%
PWR	B	0.06%	0.1%	0.06%
QCOM	D	0.47%	0.35%	0.35%
REGN	C	0.16%	0.26%	0.16%
RL	C	0.03%	0.01%	0.01%
ROK	D	0.05%	0.05%	0.05%
ROP	C	0.05%	0.09%	0.05%
ROST	C	0.08%	0.19%	0.08%
RPM	B	0.04%	0.03%	0.03%
RS	D	0.08%	0.06%	0.06%
RSG	D	0.07%	0.08%	0.07%
SAIC	C	0.03%	0.01%	0.01%
SBAC	C	0.02%	0.04%	0.02%
SBUX	C	0.27%	0.23%	0.23%
SCI	B	0.03%	0.02%	0.02%
SEIC	C	0.02%	0.01%	0.01%
SFM	B	0.05%	0.02%	0.02%
SHW	B	0.09%	0.16%	0.09%
SKX	D	0.03%	0.03%	0.03%
SLM	D	0.04%	0.01%	0.01%
SNA	C	0.04%	0.02%	0.02%
SNPS	D	0.03%	0.27%	0.03%
SPG	B	0.11%	0.07%	0.07%
SPGI	B	0.15%	0.26%	0.15%
STE	C	0.03%	0.05%	0.03%
STLD	F	0.09%	0.04%	0.04%
STX	C	0.1%	0.03%	0.03%
SWN	D	0.03%	0.02%	0.02%
SYK	C	0.13%	0.29%	0.13%
TDG	B	0.08%	0.27%	0.08%
TEL	D	0.11%	0.06%	0.06%
TJX	B	0.24%	0.31%	0.24%
TKR	D	0.02%	0.01%	0.01%
TMO	B	0.29%	0.32%	0.29%
TNL	D	0.01%	0.01%	0.01%
TOL	B	0.06%	0.06%	0.06%
TPX	C	0.02%	0.03%	0.02%
TRGP	B	0.06%	0.12%	0.06%
TSCO	C	0.06%	0.05%	0.05%
TSLA	C	0.19%	2.28%	0.19%
TT	B	0.09%	0.2%	0.09%
TTC	D	0.02%	0.01%	0.01%
TTWO	C	0.02%	0.04%	0.02%
TXN	C	0.34%	0.24%	0.24%
UBER	C	0.04%	0.54%	0.04%
UFPI	C	0.03%	0.03%	0.03%
ULTA	D	0.03%	0.04%	0.03%
UNH	C	1.25%	0.74%	0.74%
UNP	C	0.4%	0.24%	0.24%
URI	B	0.12%	0.17%	0.12%
V	C	0.35%	1.06%	0.35%
VMC	D	0.04%	0.07%	0.04%
VOYA	B	0.03%	0.01%	0.01%
VRSK	D	0.04%	0.08%	0.04%
VRSN	D	0.01%	0.03%	0.01%
VRTX	D	0.08%	0.29%	0.08%
VST	C	0.11%	0.1%	0.1%
WAT	C	0.04%	0.03%	0.03%
WLK	D	0.02%	0.02%	0.02%
WM	D	0.15%	0.13%	0.13%
WMB	B	0.15%	0.08%	0.08%
WSM	D	0.05%	0.07%	0.05%
WSO	C	0.03%	0.05%	0.03%
WST	D	0.02%	0.08%	0.02%
WTRG	D	0.01%	0.02%	0.01%
YUM	D	0.08%	0.06%	0.06%
ZTS	C	0.08%	0.17%	0.08%

FNDX Overweight 431 Positions Relative to IUSG

Symbol	Grade	Weight
BRK.A	C	2.29%
JPM	D	1.94%
XOM	C	1.92%
WMT	C	1.51%
T	C	1.37%
VZ	B	1.32%
BAC	D	1.22%
CVX	D	1.07%
WFC	D	1.06%
C	C	1.04%
JNJ	C	1.0%
PFE	C	0.75%
CMCSA	D	0.75%
CSCO	C	0.73%
GM	C	0.69%
CVS	D	0.68%
IBM	B	0.61%
INTC	F	0.6%
LUMN	C	0.57%
GS	C	0.56%
CI	C	0.55%
ELV	C	0.5%
AMGN	B	0.48%
LOW	B	0.42%
MMM	B	0.4%
LMT	C	0.4%
MO	C	0.39%
COF	B	0.39%
VLO	F	0.38%
RTX	C	0.37%
DIS	D	0.37%
TGT	C	0.37%
PSX	F	0.36%
MS	D	0.35%
GILD	B	0.35%
BMY	C	0.35%
MU	F	0.35%
DUK	C	0.34%
ABT	C	0.34%
HON	D	0.34%
FDX	C	0.32%
F	F	0.31%
KR	C	0.3%
TRV	C	0.3%
USB	B	0.3%
SO	B	0.29%
PNC	B	0.29%
NEE	C	0.29%
CB	B	0.29%
ALL	B	0.29%
AIG	D	0.28%
SYF	C	0.27%
MDT	C	0.27%
BLK	B	0.26%
MET	B	0.26%
BK	B	0.26%
CNC	D	0.25%
UPS	D	0.25%
TMUS	C	0.24%
AFL	C	0.23%
GD	B	0.23%
PRU	C	0.23%
ADM	D	0.22%
TFC	C	0.22%
HUM	F	0.21%
NSC	C	0.21%
NOC	B	0.21%
DOW	D	0.2%
HPQ	D	0.2%
TSN	C	0.2%
BBY	C	0.19%
PYPL	B	0.19%
D	C	0.19%
KMI	B	0.19%
NEM	B	0.19%
EBAY	B	0.19%
EXC	C	0.18%
DD	B	0.18%
HPE	D	0.18%
CTSH	C	0.18%
AEP	C	0.18%
DHR	B	0.17%
CMI	C	0.17%
LYB	D	0.16%
LHX	C	0.16%
EMR	D	0.15%
JCI	B	0.15%
IP	B	0.15%
HIG	B	0.15%
WBA	F	0.14%
GLW	C	0.14%
BKR	C	0.14%
FITB	B	0.13%
ICE	C	0.13%
GIS	B	0.13%
FIS	B	0.13%
ED	C	0.13%
WDC	D	0.13%
XEL	B	0.12%
SRE	C	0.12%
CBRE	A	0.12%
NRG	C	0.11%
BG	D	0.11%
ETR	B	0.11%
EIX	C	0.11%
KHC	C	0.11%
SW	B	0.11%
CCI	C	0.11%
OXY	F	0.11%
SLB	F	0.11%
WELL	C	0.11%
BDX	D	0.11%
KMB	D	0.11%
PPL	C	0.11%
TROW	D	0.11%
PEG	B	0.11%
APD	B	0.11%
KEY	B	0.1%
VTRS	D	0.1%
MCK	F	0.1%
ALLY	F	0.1%
SCHW	D	0.1%
CFG	C	0.1%
FE	C	0.1%
SYY	D	0.1%
BIIB	F	0.1%
UHS	B	0.1%
BAX	C	0.09%
CTVA	B	0.09%
FOXA	B	0.09%
ES	C	0.09%
VTR	C	0.09%
JLL	B	0.09%
WY	C	0.09%
STT	A	0.09%
PARA	F	0.09%
MTB	B	0.09%
STZ	D	0.08%
RF	B	0.08%
LDOS	B	0.08%
GPN	D	0.08%
OMC	B	0.08%
EMN	B	0.08%
THC	A	0.08%
SWK	B	0.08%
DVN	F	0.08%
PLD	C	0.08%
KDP	B	0.08%
PFG	B	0.08%
ARW	C	0.08%
PPG	D	0.08%
DG	F	0.08%
DTE	C	0.08%
WEC	C	0.08%
HBAN	B	0.07%
OGN	D	0.07%
KMX	D	0.07%
CAG	C	0.07%
FNF	B	0.07%
NTRS	A	0.07%
AEE	C	0.07%
WTW	C	0.07%
KSS	F	0.07%
PKG	B	0.07%
GEHC	C	0.07%
K	B	0.07%
CINF	B	0.07%
USFD	B	0.07%
EVRG	B	0.07%
AVT	C	0.07%
CAH	C	0.07%
DGX	B	0.07%
CHRW	B	0.07%
MHK	C	0.07%
X	F	0.07%
AVB	B	0.06%
CNP	C	0.06%
HAL	F	0.06%
WAB	B	0.06%
SJM	C	0.06%
WBD	D	0.06%
EQR	B	0.06%
CMA	B	0.06%
VFC	C	0.06%
A	C	0.06%
IFF	B	0.06%
TXT	D	0.06%
DOV	B	0.06%
WHR	D	0.06%
R	A	0.06%
CMS	C	0.06%
AES	C	0.06%
BALL	C	0.06%
AFG	B	0.05%
ZBH	F	0.05%
AA	D	0.05%
GPI	B	0.05%
VNO	B	0.05%
NI	B	0.05%
SIRI	C	0.05%
TER	D	0.05%
TAP	D	0.05%
BWA	D	0.05%
ORI	B	0.05%
AWK	B	0.05%
KD	D	0.05%
DINO	F	0.05%
UNM	B	0.05%
DXC	C	0.05%
QRVO	F	0.05%
SWKS	D	0.05%
AN	D	0.05%
MAN	C	0.05%
ZION	D	0.05%
L	C	0.05%
OMF	D	0.05%
LKQ	F	0.05%
LNG	C	0.05%
PFGC	B	0.05%
LAD	D	0.05%
M	F	0.05%
LEA	F	0.05%
FLEX	C	0.05%
JEF	B	0.05%
BXP	B	0.05%
LNC	D	0.05%
GPC	D	0.05%
MOS	F	0.05%
JNPR	B	0.05%
J	C	0.05%
ZBRA	B	0.04%
ESS	B	0.04%
HAS	B	0.04%
CPB	C	0.04%
MTH	A	0.04%
WRB	C	0.04%
MAA	B	0.04%
CNO	B	0.04%
BAH	C	0.04%
BAP	B	0.04%
MRVL	C	0.04%
EL	F	0.04%
TMHC	A	0.04%
XYL	C	0.04%
WU	F	0.04%
THO	D	0.04%
SSNC	B	0.04%
JXN	A	0.04%
EXR	B	0.04%
TPR	C	0.04%
IPG	C	0.04%
RMD	C	0.04%
MKC	C	0.04%
MRNA	F	0.04%
FYBR	C	0.04%
DOX	C	0.04%
BEN	F	0.04%
ATO	B	0.04%
CLX	C	0.04%
PVH	F	0.04%
KNX	C	0.04%
DOC	C	0.04%
GAP	F	0.04%
RJF	C	0.04%
SOLV	C	0.04%
NWSA	D	0.04%
HSIC	C	0.04%
AVY	C	0.04%
JBHT	D	0.04%
BERY	B	0.04%
RGA	C	0.04%
O	C	0.04%
APTV	D	0.04%
LNT	B	0.04%
ALSN	B	0.04%
FAF	B	0.04%
IVZ	B	0.04%
ZIM	C	0.04%
HOLX	B	0.04%
HII	D	0.04%
DLTR	F	0.04%
TDS	C	0.04%
PNW	C	0.04%
MKL	C	0.04%
UGI	C	0.04%
AAP	F	0.03%
REG	C	0.03%
TRMB	C	0.03%
FLR	D	0.03%
ILMN	C	0.03%
UDR	C	0.03%
CLF	F	0.03%
SON	C	0.03%
EG	C	0.03%
LPLA	D	0.03%
SUI	B	0.03%
JHG	B	0.03%
CMC	D	0.03%
FHN	D	0.03%
AER	B	0.03%
BPOP	C	0.03%
RRX	C	0.03%
PBF	F	0.03%
AGCO	D	0.03%
PCG	C	0.03%
NWL	C	0.03%
AIZ	B	0.03%
TRU	B	0.03%
GT	F	0.03%
FMC	C	0.03%
KVUE	C	0.03%
INVH	C	0.03%
CRBG	D	0.03%
CHKP	B	0.03%
MLI	A	0.03%
SLG	B	0.03%
FFIV	B	0.03%
GNW	B	0.03%
TPH	C	0.03%
APO	C	0.03%
MTZ	B	0.03%
KIM	C	0.03%
OGE	C	0.03%
WCC	D	0.03%
ARMK	B	0.03%
GL	C	0.03%
NXST	D	0.03%
SANM	D	0.03%
RHI	D	0.03%
NDAQ	A	0.03%
CCEP	B	0.03%
ARE	C	0.03%
HBI	B	0.03%
KEYS	C	0.03%
BCC	B	0.03%
HRL	C	0.03%
GPK	B	0.03%
OSK	F	0.03%
FL	D	0.03%
CNH	D	0.03%
EQT	D	0.03%
HUN	D	0.03%
AMG	C	0.03%
OI	D	0.02%
UNFI	C	0.02%
FTI	D	0.02%
AMCR	B	0.02%
BECN	D	0.02%
SM	F	0.02%
ICLR	D	0.02%
WERN	D	0.02%
CC	F	0.02%
XRAY	D	0.02%
PENN	D	0.02%
FLO	C	0.02%
PRGO	D	0.02%
REZI	D	0.02%
SQ	D	0.02%
DAR	F	0.02%
CHK	D	0.02%
TGNA	D	0.02%
CYH	B	0.02%
HUBG	C	0.02%
AL	D	0.02%
FSLR	C	0.02%
FCNCA	D	0.02%
ACI	F	0.02%
CRI	D	0.02%
POR	C	0.02%
ASGN	D	0.02%
JWN	C	0.02%
ALB	D	0.02%
NDSN	C	0.02%
UHAL	A	0.02%
RUSHA	C	0.02%
ASO	C	0.02%
NFG	B	0.02%
PAG	D	0.02%
XRX	D	0.02%
BTU	D	0.02%
NAVI	C	0.02%
QRTEA	F	0.02%
WPC	C	0.02%
ST	D	0.02%
MPW	C	0.02%
STWD	B	0.02%
AR	F	0.02%
NOV	F	0.02%
POST	C	0.02%
TFX	C	0.02%
ABG	D	0.02%
IEX	D	0.02%
LUV	C	0.02%
BJ	D	0.02%
JKHY	B	0.02%
ABM	D	0.02%
PII	D	0.02%
MDU	C	0.02%
CTLT	B	0.02%
BBWI	F	0.02%
CPT	B	0.02%
TDY	B	0.02%
G	C	0.02%
NSIT	D	0.02%
VICI	C	0.02%
SEE	D	0.02%
SNV	C	0.02%
THG	B	0.02%
HOG	C	0.02%
SNX	D	0.02%
HTZ	F	0.01%
ALK	C	0.01%
CNXC	F	0.01%
COHR	C	0.01%
MATX	B	0.01%
DELL	D	0.01%
VSH	F	0.01%
ANDE	D	0.01%
CRL	F	0.01%
ARCH	F	0.01%
DK	F	0.01%
VAC	F	0.01%
AEO	F	0.01%
ADNT	F	0.01%
LILAK	D	0.01%
LEG	D	0.01%
DAN	F	0.01%
ODP	F	0.01%
SPTN	C	0.01%
BIG	F	0.0%
AAL	D	0.0%

FNDX Underweight 195 Positions Relative to IUSG

Symbol	Grade	Weight
CRWD	D	-0.21%
FI	A	-0.19%
MPWR	C	-0.16%
FICO	B	-0.16%
RCL	B	-0.14%
AXON	B	-0.1%
TYL	C	-0.09%
ABNB	D	-0.09%
SMCI	F	-0.08%
MANH	B	-0.06%
DXCM	F	-0.06%
CSGP	D	-0.05%
LYV	B	-0.05%
PSTG	F	-0.05%
ONTO	D	-0.04%
WMS	D	-0.04%
WWD	D	-0.04%
TPL	B	-0.04%
LNW	B	-0.04%
KNSL	C	-0.04%
TXRH	C	-0.04%
WING	B	-0.04%
SAIA	D	-0.04%
FND	C	-0.04%
DT	C	-0.04%
NBIX	F	-0.04%
CLH	A	-0.04%
PTC	D	-0.04%
TTEK	C	-0.04%
FIX	B	-0.04%
PLNT	B	-0.03%
TREX	D	-0.03%
RGEN	F	-0.03%
ACHC	C	-0.03%
PEN	D	-0.03%
LNTH	D	-0.03%
ANF	D	-0.03%
WYNN	D	-0.03%
CR	C	-0.03%
RNR	C	-0.03%
ERIE	B	-0.03%
EXEL	C	-0.03%
FCN	D	-0.03%
SSD	D	-0.03%
AMH	C	-0.03%
HALO	C	-0.03%
CROX	D	-0.03%
AIT	A	-0.03%
HLI	B	-0.03%
MORN	C	-0.03%
FDS	C	-0.03%
IBKR	B	-0.03%
DUOL	B	-0.03%
NCLH	C	-0.03%
MEDP	F	-0.03%
CHRD	F	-0.03%
RBC	C	-0.03%
WEX	C	-0.03%
NYT	C	-0.03%
BWXT	D	-0.03%
BMRN	F	-0.03%
ELS	C	-0.03%
OLED	C	-0.03%
COO	B	-0.03%
CHDN	C	-0.03%
SRPT	D	-0.03%
FBIN	B	-0.02%
BYD	C	-0.02%
WH	B	-0.02%
LFUS	C	-0.02%
FCFS	C	-0.02%
RMBS	F	-0.02%
QLYS	F	-0.02%
NXT	F	-0.02%
APPF	D	-0.02%
DTM	B	-0.02%
GTLS	F	-0.02%
RGLD	C	-0.02%
CIVI	F	-0.02%
ALTR	C	-0.02%
CELH	F	-0.02%
BCO	B	-0.02%
DAY	D	-0.02%
VNT	F	-0.02%
VVV	D	-0.02%
WTS	C	-0.02%
FIVE	D	-0.02%
EGP	B	-0.02%
ENPH	D	-0.02%
MTDR	F	-0.02%
ESAB	C	-0.02%
XPO	D	-0.02%
OLLI	C	-0.02%
COKE	C	-0.02%
ROL	C	-0.02%
LSCC	D	-0.02%
PODD	B	-0.02%
AAON	B	-0.02%
ELF	F	-0.02%
H	C	-0.02%
CUBE	B	-0.02%
WFRD	F	-0.02%
RYAN	D	-0.02%
MSA	D	-0.02%
UTHR	C	-0.02%
PCTY	C	-0.02%
PR	F	-0.02%
RRC	D	-0.02%
IBOC	D	-0.01%
ALTM	F	-0.01%
CHH	C	-0.01%
NSP	F	-0.01%
NSA	B	-0.01%
WEN	C	-0.01%
HGV	F	-0.01%
RYN	C	-0.01%
AZTA	F	-0.01%
IRDM	D	-0.01%
POWI	F	-0.01%
ENS	D	-0.01%
LANC	D	-0.01%
GATX	D	-0.01%
FFIN	B	-0.01%
TEX	F	-0.01%
PGNY	F	-0.01%
IDA	C	-0.01%
HWC	D	-0.01%
YETI	D	-0.01%
BLKB	C	-0.01%
RH	B	-0.01%
EPR	B	-0.01%
OZK	D	-0.01%
HAE	F	-0.01%
DOCS	B	-0.01%
DLB	D	-0.01%
ROIV	C	-0.01%
HXL	F	-0.01%
EEFT	D	-0.01%
SHC	C	-0.01%
ARWR	F	-0.01%
CYTK	F	-0.01%
FLS	D	-0.01%
EXPO	A	-0.01%
TDC	F	-0.01%
AM	C	-0.01%
CGNX	F	-0.01%
ETSY	F	-0.01%
CFR	C	-0.01%
MAT	C	-0.01%
KEX	C	-0.01%
TKO	B	-0.01%
PNFP	B	-0.01%
CBSH	C	-0.01%
SIGI	D	-0.01%
MASI	F	-0.01%
OPCH	C	-0.01%
WMG	D	-0.01%
AZPN	B	-0.01%
NNN	C	-0.01%
KNF	B	-0.01%
VAL	F	-0.01%
COTY	F	-0.01%
HQY	C	-0.01%
EXLS	B	-0.01%
MTSI	D	-0.01%
SLAB	D	-0.01%
FR	B	-0.01%
NOVT	D	-0.01%
PAYC	D	-0.01%
STAG	C	-0.01%
BRKR	D	-0.01%
CHX	F	-0.01%
CVLT	B	-0.01%
CBT	B	-0.01%
NEU	D	-0.01%
CNM	F	-0.01%
RLI	B	-0.01%
BRBR	C	-0.01%
OHI	B	-0.01%
CRUS	D	-0.01%
LOPE	D	-0.01%
REXR	C	-0.01%
WOLF	F	-0.0%
ALGM	F	-0.0%
MP	D	-0.0%
IPGP	F	-0.0%
LIVN	D	-0.0%
ZI	D	-0.0%
SMG	C	-0.0%
VC	F	-0.0%
SAM	F	-0.0%
SYNA	F	-0.0%
CDP	B	-0.0%
AMED	C	-0.0%
COLM	C	-0.0%