FNDX vs. IUSV ETF Comparison

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

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

$71.28

Average Daily Volume

412,040

Number of Holdings ^*

716

* may have additional holdings in another (foreign) market

IUSV

iShares Core U.S. Vaue ETF

IUSV Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit value 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 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$94.88

Average Daily Volume

461,570

Number of Holdings ^*

727

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	IUSV
30 Days	1.19%	0.85%
60 Days	6.74%	5.92%
90 Days	6.75%	9.02%
12 Months	30.64%	31.04%

548 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in IUSV	Overlap
A	B	0.06%	0.19%	0.06%
AA	C	0.05%	0.05%	0.05%
AAL	D	0.0%	0.03%	0.0%
ABBV	A	0.6%	0.97%	0.6%
ABT	C	0.34%	0.87%	0.34%
ACM	B	0.04%	0.03%	0.03%
ACN	B	0.34%	0.45%	0.34%
ADI	C	0.13%	0.21%	0.13%
ADM	D	0.22%	0.13%	0.13%
ADP	A	0.14%	0.3%	0.14%
ADSK	C	0.03%	0.13%	0.03%
AEE	A	0.07%	0.1%	0.07%
AEP	B	0.19%	0.24%	0.19%
AES	B	0.07%	0.06%	0.06%
AFG	B	0.05%	0.04%	0.04%
AFL	A	0.23%	0.25%	0.23%
AGCO	D	0.03%	0.03%	0.03%
AIG	F	0.28%	0.21%	0.21%
AIZ	A	0.03%	0.05%	0.03%
AJG	D	0.05%	0.13%	0.05%
AKAM	D	0.03%	0.04%	0.03%
ALB	D	0.02%	0.05%	0.02%
ALGN	D	0.02%	0.04%	0.02%
ALL	C	0.29%	0.22%	0.22%
ALLE	A	0.02%	0.03%	0.02%
ALLY	F	0.1%	0.04%	0.04%
ALV	F	0.02%	0.01%	0.01%
AMCR	A	0.02%	0.07%	0.02%
AME	D	0.05%	0.09%	0.05%
AMG	C	0.04%	0.02%	0.02%
AMGN	D	0.48%	0.77%	0.48%
AMP	A	0.12%	0.1%	0.1%
AMT	C	0.14%	0.28%	0.14%
AN	B	0.05%	0.02%	0.02%
ANSS	D	0.02%	0.05%	0.02%
AON	A	0.12%	0.16%	0.12%
AOS	B	0.03%	0.02%	0.02%
APD	C	0.12%	0.3%	0.12%
APH	D	0.09%	0.15%	0.09%
APTV	D	0.04%	0.09%	0.04%
AR	C	0.02%	0.04%	0.02%
ARE	D	0.03%	0.08%	0.03%
ARMK	B	0.03%	0.05%	0.03%
ARW	C	0.08%	0.03%	0.03%
ASGN	D	0.02%	0.02%	0.02%
ATO	A	0.04%	0.09%	0.04%
ATR	A	0.02%	0.02%	0.02%
AVB	C	0.06%	0.14%	0.06%
AVT	B	0.07%	0.02%	0.02%
AVTR	D	0.03%	0.05%	0.03%
AVY	B	0.04%	0.08%	0.04%
AWK	C	0.05%	0.13%	0.05%
AXP	A	0.37%	0.2%	0.2%
AYI	A	0.04%	0.02%	0.02%
AZO	D	0.06%	0.08%	0.06%
BA	F	0.13%	0.23%	0.13%
BAC	D	1.22%	1.19%	1.19%
BALL	B	0.06%	0.09%	0.06%
BAX	D	0.09%	0.09%	0.09%
BBWI	F	0.02%	0.03%	0.02%
BBY	B	0.19%	0.09%	0.09%
BC	C	0.03%	0.01%	0.01%
BDX	B	0.11%	0.31%	0.11%
BEN	F	0.04%	0.03%	0.03%
BERY	C	0.04%	0.04%	0.04%
BG	D	0.11%	0.06%	0.06%
BIIB	F	0.1%	0.13%	0.1%
BJ	D	0.02%	0.05%	0.02%
BK	C	0.26%	0.24%	0.24%
BKR	B	0.14%	0.16%	0.14%
BLK	B	0.25%	0.59%	0.25%
BMY	B	0.36%	0.46%	0.36%
BR	B	0.03%	0.05%	0.03%
BRK.A	C	2.26%	3.73%	2.26%
BRO	A	0.03%	0.02%	0.02%
BRX	B	0.02%	0.02%	0.02%
BSX	A	0.09%	0.25%	0.09%
BURL	D	0.03%	0.03%	0.03%
BWA	C	0.05%	0.04%	0.04%
BX	C	0.12%	0.14%	0.12%
BXP	C	0.05%	0.05%	0.05%
C	B	1.05%	0.53%	0.53%
CACI	A	0.03%	0.03%	0.03%
CAG	B	0.07%	0.07%	0.07%
CAH	B	0.07%	0.12%	0.07%
CARR	C	0.13%	0.16%	0.13%
CAT	A	0.39%	0.35%	0.35%
CB	A	0.29%	0.48%	0.29%
CBOE	B	0.02%	0.03%	0.02%
CBRE	A	0.13%	0.17%	0.13%
CC	D	0.02%	0.01%	0.01%
CCI	A	0.11%	0.23%	0.11%
CCK	A	0.04%	0.03%	0.03%
CCL	C	0.05%	0.02%	0.02%
CDW	D	0.06%	0.08%	0.06%
CEG	B	0.1%	0.2%	0.1%
CF	A	0.06%	0.03%	0.03%
CFG	D	0.1%	0.08%	0.08%
CG	C	0.03%	0.02%	0.02%
CHD	B	0.04%	0.06%	0.04%
CHE	B	0.01%	0.02%	0.01%
CHK	C	0.02%	0.04%	0.02%
CHRW	A	0.07%	0.06%	0.06%
CHTR	D	0.32%	0.08%	0.08%
CI	C	0.55%	0.43%	0.43%
CIEN	B	0.03%	0.02%	0.02%
CINF	A	0.07%	0.1%	0.07%
CL	D	0.16%	0.23%	0.16%
CLF	D	0.03%	0.03%	0.03%
CLX	B	0.04%	0.09%	0.04%
CMC	C	0.03%	0.03%	0.03%
CMCSA	B	0.74%	0.72%	0.72%
CME	A	0.08%	0.22%	0.08%
CMI	B	0.17%	0.2%	0.17%
CMS	A	0.06%	0.09%	0.06%
CNC	F	0.25%	0.17%	0.17%
CNH	C	0.03%	0.04%	0.03%
CNO	C	0.04%	0.02%	0.02%
CNP	B	0.06%	0.09%	0.06%
CNXC	F	0.01%	0.01%	0.01%
COF	C	0.39%	0.25%	0.25%
COHR	B	0.01%	0.06%	0.01%
COP	D	0.42%	0.17%	0.17%
COST	C	0.72%	1.01%	0.72%
CPB	D	0.04%	0.04%	0.04%
CPRI	C	0.02%	0.01%	0.01%
CPT	C	0.02%	0.06%	0.02%
CRI	D	0.02%	0.01%	0.01%
CRL	F	0.01%	0.05%	0.01%
CSCO	A	0.74%	0.95%	0.74%
CSX	D	0.21%	0.15%	0.15%
CTAS	C	0.09%	0.14%	0.09%
CTLT	B	0.02%	0.05%	0.02%
CTRA	D	0.01%	0.03%	0.01%
CTSH	C	0.18%	0.17%	0.17%
CTVA	B	0.09%	0.18%	0.09%
CVS	D	0.68%	0.34%	0.34%
CVX	D	1.07%	1.1%	1.07%
CW	A	0.03%	0.02%	0.02%
CZR	C	0.02%	0.02%	0.02%
D	A	0.19%	0.21%	0.19%
DAL	B	0.02%	0.07%	0.02%
DAR	F	0.02%	0.03%	0.02%
DCI	B	0.02%	0.02%	0.02%
DD	B	0.18%	0.17%	0.17%
DE	A	0.22%	0.21%	0.21%
DELL	D	0.01%	0.07%	0.01%
DFS	C	0.21%	0.07%	0.07%
DG	F	0.08%	0.09%	0.08%
DGX	C	0.07%	0.08%	0.07%
DHR	B	0.17%	0.79%	0.17%
DINO	F	0.05%	0.03%	0.03%
DIS	D	0.38%	0.78%	0.38%
DKS	D	0.05%	0.03%	0.03%
DLR	C	0.08%	0.13%	0.08%
DLTR	F	0.05%	0.07%	0.05%
DOC	B	0.04%	0.07%	0.04%
DOV	C	0.06%	0.12%	0.06%
DOW	B	0.19%	0.17%	0.17%
DPZ	D	0.04%	0.04%	0.04%
DRI	C	0.05%	0.04%	0.04%
DTE	A	0.08%	0.12%	0.08%
DUK	B	0.34%	0.4%	0.34%
DVA	B	0.07%	0.02%	0.02%
DVN	F	0.08%	0.11%	0.08%
EA	D	0.08%	0.09%	0.08%
EBAY	A	0.2%	0.14%	0.14%
ECL	A	0.09%	0.14%	0.09%
ED	A	0.13%	0.16%	0.13%
EFX	D	0.04%	0.1%	0.04%
EG	B	0.03%	0.08%	0.03%
EHC	B	0.02%	0.02%	0.02%
EIX	A	0.11%	0.15%	0.11%
EL	D	0.04%	0.1%	0.04%
ELV	F	0.5%	0.54%	0.5%
EMN	B	0.08%	0.06%	0.06%
EMR	B	0.15%	0.28%	0.15%
EOG	D	0.2%	0.11%	0.11%
EPAM	F	0.02%	0.03%	0.02%
EQH	C	0.05%	0.01%	0.01%
EQIX	B	0.08%	0.2%	0.08%
EQR	C	0.06%	0.11%	0.06%
EQT	C	0.03%	0.1%	0.03%
ES	A	0.09%	0.11%	0.09%
ESS	C	0.04%	0.08%	0.04%
ETN	C	0.21%	0.22%	0.21%
ETR	A	0.11%	0.12%	0.11%
EVR	C	0.04%	0.01%	0.01%
EVRG	B	0.07%	0.06%	0.06%
EW	F	0.04%	0.11%	0.04%
EWBC	D	0.03%	0.02%	0.02%
EXC	A	0.18%	0.18%	0.18%
EXPD	B	0.02%	0.05%	0.02%
EXR	C	0.04%	0.17%	0.04%
F	D	0.31%	0.19%	0.19%
FAF	B	0.04%	0.03%	0.03%
FAST	C	0.07%	0.09%	0.07%
FCX	B	0.14%	0.16%	0.14%
FDX	D	0.33%	0.27%	0.27%
FE	A	0.1%	0.1%	0.1%
FFIV	C	0.03%	0.06%	0.03%
FHN	D	0.03%	0.04%	0.03%
FIS	C	0.13%	0.2%	0.13%
FITB	C	0.13%	0.13%	0.13%
FLO	C	0.02%	0.02%	0.02%
FLR	D	0.03%	0.04%	0.03%
FMC	B	0.03%	0.04%	0.03%
FNF	A	0.07%	0.06%	0.06%
FOXA	A	0.09%	0.04%	0.04%
FSLR	C	0.02%	0.12%	0.02%
FYBR	C	0.04%	0.04%	0.04%
G	A	0.02%	0.03%	0.02%
GAP	F	0.04%	0.02%	0.02%
GD	A	0.23%	0.34%	0.23%
GE	C	0.18%	0.51%	0.18%
GEHC	B	0.07%	0.19%	0.07%
GEV	A	0.05%	0.17%	0.05%
GILD	A	0.35%	0.46%	0.35%
GIS	B	0.13%	0.18%	0.13%
GL	C	0.03%	0.04%	0.03%
GLPI	B	0.02%	0.04%	0.02%
GLW	C	0.14%	0.15%	0.14%
GM	D	0.69%	0.23%	0.23%
GNRC	B	0.02%	0.02%	0.02%
GNTX	F	0.03%	0.01%	0.01%
GPC	D	0.05%	0.09%	0.05%
GPK	B	0.03%	0.04%	0.03%
GPN	F	0.08%	0.11%	0.08%
GRMN	D	0.04%	0.06%	0.04%
GS	D	0.57%	0.7%	0.57%
GT	F	0.03%	0.01%	0.01%
GWW	A	0.07%	0.05%	0.05%
GXO	D	0.02%	0.01%	0.01%
HAL	F	0.06%	0.11%	0.06%
HAS	A	0.04%	0.04%	0.04%
HBAN	C	0.07%	0.1%	0.07%
HCA	A	0.26%	0.17%	0.17%
HD	A	0.79%	1.11%	0.79%
HIG	A	0.15%	0.15%	0.15%
HII	D	0.04%	0.05%	0.04%
HOG	C	0.03%	0.02%	0.02%
HOLX	D	0.04%	0.08%	0.04%
HON	B	0.34%	0.6%	0.34%
HPE	C	0.18%	0.12%	0.12%
HPQ	C	0.2%	0.15%	0.15%
HRL	F	0.03%	0.04%	0.03%
HSIC	C	0.04%	0.04%	0.04%
HST	D	0.04%	0.02%	0.02%
HSY	D	0.04%	0.08%	0.04%
HUBB	A	0.03%	0.06%	0.03%
HUM	F	0.2%	0.17%	0.17%
HWM	A	0.06%	0.08%	0.06%
IBM	C	0.62%	0.91%	0.62%
ICE	A	0.13%	0.41%	0.13%
IDXX	D	0.03%	0.08%	0.03%
IEX	D	0.02%	0.07%	0.02%
IFF	C	0.06%	0.12%	0.06%
ILMN	C	0.03%	0.09%	0.03%
INGR	A	0.05%	0.03%	0.03%
INTC	D	0.64%	0.45%	0.45%
INVH	D	0.03%	0.09%	0.03%
IP	B	0.16%	0.08%	0.08%
IPG	C	0.04%	0.05%	0.04%
IQV	F	0.08%	0.11%	0.08%
IR	B	0.03%	0.04%	0.03%
IRM	B	0.08%	0.08%	0.08%
ISRG	C	0.09%	0.26%	0.09%
ITW	B	0.15%	0.17%	0.15%
IVZ	C	0.04%	0.04%	0.04%
J	D	0.06%	0.09%	0.06%
JAZZ	F	0.01%	0.02%	0.01%
JBHT	D	0.04%	0.06%	0.04%
JBL	D	0.05%	0.03%	0.03%
JCI	B	0.15%	0.23%	0.15%
JEF	B	0.05%	0.04%	0.04%
JHG	C	0.03%	0.02%	0.02%
JKHY	A	0.02%	0.06%	0.02%
JLL	B	0.09%	0.06%	0.06%
JNJ	C	1.0%	1.73%	1.0%
JNPR	C	0.05%	0.06%	0.05%
JPM	D	1.93%	2.67%	1.93%
JWN	D	0.02%	0.01%	0.01%
K	B	0.07%	0.1%	0.07%
KBH	C	0.03%	0.01%	0.01%
KBR	D	0.02%	0.02%	0.02%
KD	F	0.05%	0.02%	0.02%
KDP	C	0.08%	0.18%	0.08%
KEY	C	0.09%	0.07%	0.07%
KEYS	C	0.03%	0.12%	0.03%
KHC	B	0.11%	0.14%	0.11%
KIM	C	0.03%	0.07%	0.03%
KMB	B	0.11%	0.21%	0.11%
KMI	A	0.19%	0.19%	0.19%
KMX	D	0.07%	0.05%	0.05%
KNX	C	0.04%	0.04%	0.04%
KO	B	0.43%	0.76%	0.43%
KR	B	0.3%	0.17%	0.17%
KVUE	C	0.03%	0.2%	0.03%
L	D	0.05%	0.06%	0.05%
LAD	B	0.05%	0.04%	0.04%
LAMR	C	0.03%	0.02%	0.02%
LDOS	A	0.08%	0.1%	0.08%
LEA	F	0.05%	0.03%	0.03%
LEN	B	0.19%	0.09%	0.09%
LHX	A	0.16%	0.2%	0.16%
LIN	B	0.35%	0.49%	0.35%
LKQ	F	0.05%	0.05%	0.05%
LMT	A	0.4%	0.55%	0.4%
LNT	A	0.04%	0.07%	0.04%
LOW	A	0.42%	0.68%	0.42%
LPX	A	0.04%	0.01%	0.01%
LSTR	D	0.02%	0.01%	0.01%
LUV	C	0.02%	0.08%	0.02%
LVS	B	0.03%	0.03%	0.03%
LW	D	0.01%	0.01%	0.01%
LYB	D	0.15%	0.11%	0.11%
M	F	0.05%	0.02%	0.02%
MA	A	0.28%	0.51%	0.28%
MAA	C	0.04%	0.08%	0.04%
MAN	D	0.05%	0.02%	0.02%
MAS	A	0.06%	0.04%	0.04%
MCD	A	0.34%	0.54%	0.34%
MCHP	F	0.05%	0.08%	0.05%
MCK	F	0.1%	0.28%	0.1%
MCO	C	0.08%	0.18%	0.08%
MDLZ	C	0.23%	0.26%	0.23%
MDT	A	0.27%	0.51%	0.27%
MDU	C	0.02%	0.02%	0.02%
MET	A	0.26%	0.22%	0.22%
MGM	D	0.05%	0.01%	0.01%
MHK	B	0.08%	0.04%	0.04%
MIDD	D	0.02%	0.02%	0.02%
MKC	B	0.04%	0.09%	0.04%
MKSI	F	0.02%	0.02%	0.02%
MLM	D	0.04%	0.05%	0.04%
MMC	D	0.15%	0.24%	0.15%
MMM	B	0.4%	0.34%	0.34%
MMS	A	0.01%	0.01%	0.01%
MNST	D	0.04%	0.07%	0.04%
MO	B	0.37%	0.39%	0.37%
MOH	D	0.05%	0.04%	0.04%
MOS	F	0.05%	0.04%	0.04%
MPC	F	0.41%	0.11%	0.11%
MRK	F	0.51%	0.77%	0.51%
MRNA	F	0.04%	0.1%	0.04%
MRO	D	0.08%	0.03%	0.03%
MS	B	0.36%	0.58%	0.36%
MSCI	B	0.03%	0.09%	0.03%
MSI	A	0.06%	0.14%	0.06%
MSM	D	0.01%	0.01%	0.01%
MTB	C	0.1%	0.13%	0.1%
MTD	B	0.04%	0.09%	0.04%
MTG	B	0.03%	0.02%	0.02%
MTN	D	0.01%	0.01%	0.01%
MTZ	C	0.03%	0.03%	0.03%
MU	D	0.35%	0.53%	0.35%
MUR	F	0.02%	0.01%	0.01%
NDAQ	C	0.03%	0.13%	0.03%
NDSN	B	0.02%	0.06%	0.02%
NEE	A	0.29%	0.77%	0.29%
NEM	C	0.19%	0.28%	0.19%
NFG	A	0.02%	0.02%	0.02%
NI	A	0.05%	0.07%	0.05%
NKE	D	0.18%	0.27%	0.18%
NOC	B	0.21%	0.32%	0.21%
NOV	F	0.02%	0.03%	0.02%
NRG	A	0.11%	0.08%	0.08%
NSC	B	0.2%	0.25%	0.2%
NTAP	D	0.08%	0.07%	0.07%
NTRS	C	0.07%	0.08%	0.07%
NUE	D	0.18%	0.06%	0.06%
NWSA	D	0.04%	0.04%	0.04%
NXPI	F	0.08%	0.07%	0.07%
NXST	D	0.03%	0.02%	0.02%
O	A	0.04%	0.24%	0.04%
OGE	A	0.03%	0.04%	0.03%
OKE	C	0.13%	0.09%	0.09%
OLN	D	0.03%	0.02%	0.02%
OMC	A	0.08%	0.09%	0.08%
ON	F	0.04%	0.08%	0.04%
ORI	A	0.05%	0.04%	0.04%
ORLY	A	0.1%	0.08%	0.08%
OSK	F	0.03%	0.03%	0.03%
OTIS	A	0.05%	0.11%	0.05%
OXY	F	0.11%	0.15%	0.11%
PAG	D	0.02%	0.01%	0.01%
PARA	F	0.09%	0.03%	0.03%
PAYX	A	0.06%	0.11%	0.06%
PBF	F	0.03%	0.01%	0.01%
PCAR	D	0.13%	0.06%	0.06%
PCG	B	0.03%	0.19%	0.03%
PEG	A	0.11%	0.2%	0.11%
PEP	D	0.45%	0.67%	0.45%
PFE	D	0.76%	0.73%	0.73%
PFG	C	0.08%	0.08%	0.08%
PFGC	B	0.05%	0.05%	0.05%
PG	C	0.85%	1.11%	0.85%
PGR	C	0.26%	0.33%	0.26%
PH	B	0.12%	0.08%	0.08%
PII	D	0.02%	0.02%	0.02%
PKG	A	0.07%	0.09%	0.07%
PLD	D	0.08%	0.52%	0.08%
PM	B	0.51%	0.53%	0.51%
PNC	C	0.29%	0.32%	0.29%
PNR	A	0.04%	0.02%	0.02%
PNW	A	0.05%	0.04%	0.04%
POOL	B	0.02%	0.03%	0.02%
POR	B	0.02%	0.02%	0.02%
POST	B	0.02%	0.02%	0.02%
PPG	D	0.08%	0.14%	0.08%
PPL	A	0.11%	0.11%	0.11%
PRGO	F	0.02%	0.02%	0.02%
PRU	C	0.23%	0.19%	0.19%
PSA	C	0.06%	0.15%	0.06%
PSX	F	0.36%	0.24%	0.24%
PVH	F	0.04%	0.03%	0.03%
PWR	B	0.06%	0.06%	0.06%
PYPL	B	0.19%	0.35%	0.19%
QCOM	D	0.46%	0.41%	0.41%
QRVO	F	0.05%	0.04%	0.04%
R	C	0.06%	0.03%	0.03%
REG	B	0.03%	0.05%	0.03%
REGN	D	0.16%	0.2%	0.16%
RF	C	0.08%	0.09%	0.08%
RGA	C	0.04%	0.06%	0.04%
RJF	B	0.04%	0.1%	0.04%
RL	B	0.03%	0.02%	0.02%
RMD	C	0.04%	0.16%	0.04%
ROK	D	0.05%	0.07%	0.05%
ROP	C	0.05%	0.15%	0.05%
RPM	C	0.04%	0.03%	0.03%
RRX	C	0.03%	0.05%	0.03%
RSG	D	0.07%	0.08%	0.07%
RTX	A	0.36%	0.71%	0.36%
SAIC	B	0.03%	0.02%	0.02%
SBAC	B	0.02%	0.07%	0.02%
SBUX	B	0.26%	0.2%	0.2%
SCHW	D	0.1%	0.43%	0.1%
SCI	C	0.03%	0.03%	0.03%
SEIC	B	0.02%	0.02%	0.02%
SFM	A	0.05%	0.03%	0.03%
SHW	B	0.09%	0.2%	0.09%
SJM	B	0.06%	0.06%	0.06%
SLB	F	0.11%	0.27%	0.11%
SLM	C	0.04%	0.01%	0.01%
SNA	B	0.04%	0.04%	0.04%
SNV	D	0.02%	0.03%	0.02%
SNX	C	0.03%	0.04%	0.03%
SO	A	0.29%	0.44%	0.29%
SOLV	D	0.04%	0.04%	0.04%
SON	D	0.03%	0.02%	0.02%
SPG	A	0.11%	0.14%	0.11%
SPGI	C	0.15%	0.41%	0.15%
SRE	A	0.12%	0.23%	0.12%
ST	F	0.02%	0.02%	0.02%
STE	D	0.03%	0.05%	0.03%
STLD	C	0.09%	0.03%	0.03%
STT	C	0.1%	0.12%	0.1%
STWD	C	0.02%	0.03%	0.02%
STX	B	0.1%	0.06%	0.06%
STZ	B	0.07%	0.18%	0.07%
SW	B	0.11%	0.11%	0.11%
SWK	A	0.08%	0.08%	0.08%
SWKS	F	0.05%	0.07%	0.05%
SYF	C	0.27%	0.09%	0.09%
SYK	C	0.13%	0.2%	0.13%
SYY	B	0.1%	0.17%	0.1%
T	A	1.39%	0.7%	0.7%
TAP	D	0.05%	0.04%	0.04%
TDY	B	0.02%	0.09%	0.02%
TEL	D	0.11%	0.12%	0.11%
TER	D	0.05%	0.1%	0.05%
TFC	D	0.22%	0.25%	0.22%
TFX	B	0.02%	0.05%	0.02%
TGT	C	0.38%	0.32%	0.32%
THC	C	0.08%	0.07%	0.07%
THG	A	0.02%	0.02%	0.02%
THO	C	0.04%	0.03%	0.03%
TJX	C	0.24%	0.21%	0.21%
TKR	B	0.02%	0.01%	0.01%
TMHC	B	0.04%	0.03%	0.03%
TMO	C	0.29%	0.65%	0.29%
TMUS	A	0.24%	0.45%	0.24%
TNL	B	0.01%	0.0%	0.0%
TPR	B	0.04%	0.05%	0.04%
TRMB	B	0.03%	0.07%	0.03%
TROW	D	0.11%	0.11%	0.11%
TRV	C	0.31%	0.24%	0.24%
TSCO	A	0.06%	0.08%	0.06%
TSN	D	0.2%	0.08%	0.08%
TT	A	0.09%	0.12%	0.09%
TTC	D	0.02%	0.02%	0.02%
TTWO	F	0.02%	0.06%	0.02%
TXN	C	0.34%	0.54%	0.34%
TXT	D	0.06%	0.07%	0.06%
UDR	C	0.03%	0.06%	0.03%
UGI	C	0.05%	0.02%	0.02%
UHS	D	0.1%	0.06%	0.06%
ULTA	D	0.03%	0.03%	0.03%
UNH	B	1.23%	1.48%	1.23%
UNM	A	0.05%	0.04%	0.04%
UNP	C	0.4%	0.36%	0.36%
UPS	D	0.25%	0.44%	0.25%
USB	C	0.3%	0.32%	0.3%
USFD	C	0.07%	0.07%	0.07%
V	C	0.35%	0.7%	0.35%
VAC	D	0.01%	0.01%	0.01%
VICI	C	0.02%	0.15%	0.02%
VLO	F	0.37%	0.19%	0.19%
VMC	D	0.04%	0.05%	0.04%
VNO	B	0.05%	0.03%	0.03%
VOYA	A	0.03%	0.02%	0.02%
VRSK	D	0.04%	0.08%	0.04%
VRSN	C	0.01%	0.04%	0.01%
VRTX	D	0.08%	0.19%	0.08%
VSH	F	0.01%	0.01%	0.01%
VTR	B	0.09%	0.12%	0.09%
VTRS	D	0.09%	0.06%	0.06%
VZ	A	1.33%	0.84%	0.84%
WAB	A	0.06%	0.14%	0.06%
WAT	B	0.04%	0.06%	0.04%
WBA	F	0.14%	0.03%	0.03%
WBD	D	0.06%	0.08%	0.06%
WCC	C	0.03%	0.03%	0.03%
WDC	C	0.13%	0.1%	0.1%
WEC	A	0.08%	0.13%	0.08%
WELL	B	0.11%	0.33%	0.11%
WFC	D	1.09%	0.85%	0.85%
WHR	C	0.07%	0.03%	0.03%
WM	D	0.15%	0.18%	0.15%
WMB	A	0.15%	0.15%	0.15%
WMT	A	1.5%	1.54%	1.5%
WPC	C	0.02%	0.06%	0.02%
WRB	B	0.04%	0.08%	0.04%
WTRG	D	0.01%	0.02%	0.01%
WTW	A	0.07%	0.13%	0.07%
WU	D	0.04%	0.01%	0.01%
WY	B	0.09%	0.11%	0.09%
X	F	0.08%	0.04%	0.04%
XEL	A	0.12%	0.16%	0.12%
XOM	B	1.91%	2.29%	1.91%
XRAY	D	0.02%	0.02%	0.02%
XYL	B	0.04%	0.15%	0.04%
YUM	B	0.08%	0.09%	0.08%
ZBH	F	0.05%	0.1%	0.05%
ZBRA	C	0.04%	0.08%	0.04%
ZION	D	0.05%	0.03%	0.03%
ZTS	B	0.08%	0.18%	0.08%

FNDX Overweight 168 Positions Relative to IUSV

Symbol	Grade	Weight
AAPL	C	4.32%
MSFT	C	2.53%
META	A	1.85%
AMZN	C	1.38%
GOOGL	C	1.23%
GOOG	C	1.07%
AVGO	C	0.67%
LUMN	C	0.58%
ORCL	C	0.49%
NVDA	C	0.37%
LLY	D	0.26%
AMAT	D	0.25%
DHI	B	0.2%
BKNG	C	0.2%
ADBE	F	0.19%
TSLA	B	0.18%
LRCX	F	0.16%
NFLX	C	0.15%
URI	B	0.13%
PHM	A	0.13%
KKR	C	0.12%
CRM	C	0.12%
VST	A	0.12%
KLAC	D	0.1%
INTU	F	0.1%
AMD	D	0.09%
TDG	A	0.08%
RS	D	0.08%
MAR	B	0.08%
ROST	C	0.08%
NVR	A	0.08%
KSS	D	0.07%
OGN	D	0.07%
WSM	C	0.06%
EME	C	0.06%
CE	D	0.06%
OC	B	0.06%
HLT	B	0.06%
TOL	A	0.06%
CMA	C	0.06%
TRGP	C	0.06%
VFC	B	0.06%
MKL	B	0.05%
TDS	B	0.05%
FANG	F	0.05%
ODFL	D	0.05%
ACGL	A	0.05%
MUSA	D	0.05%
GPI	C	0.05%
CSL	A	0.05%
CPAY	A	0.05%
DXC	D	0.05%
LNG	D	0.05%
OMF	D	0.05%
FLEX	B	0.05%
CASY	D	0.05%
LNC	D	0.05%
FL	F	0.04%
ANET	B	0.04%
MRVL	C	0.04%
BAP	B	0.04%
MTH	B	0.04%
BAH	A	0.04%
CMG	C	0.04%
UBER	C	0.04%
SSNC	C	0.04%
JXN	B	0.04%
DOX	B	0.04%
BLDR	B	0.04%
ZIM	B	0.04%
ALSN	A	0.04%
HES	D	0.04%
OVV	F	0.04%
SKX	C	0.03%
ITT	B	0.03%
AAP	F	0.03%
LPLA	D	0.03%
SUI	C	0.03%
FTNT	C	0.03%
AER	C	0.03%
SWN	C	0.03%
BPOP	D	0.03%
CRBG	C	0.03%
EXPE	B	0.03%
NWL	D	0.03%
TRU	C	0.03%
CHKP	C	0.03%
SNPS	F	0.03%
MLI	B	0.03%
CDNS	D	0.03%
SLG	C	0.03%
APA	F	0.03%
GNW	C	0.03%
TPH	B	0.03%
LII	C	0.03%
APO	A	0.03%
PANW	D	0.03%
RHI	D	0.03%
DECK	C	0.03%
FTV	B	0.03%
SANM	D	0.03%
CCEP	D	0.03%
IT	C	0.03%
WSO	B	0.03%
HBI	B	0.03%
HUN	B	0.03%
UFPI	B	0.03%
BCC	B	0.03%
BLD	C	0.02%
DAN	F	0.02%
LEG	D	0.02%
WST	D	0.02%
UNFI	B	0.02%
OI	D	0.02%
WLK	B	0.02%
ICLR	F	0.02%
CNX	A	0.02%
FTI	B	0.02%
BECN	F	0.02%
SM	F	0.02%
LECO	F	0.02%
WERN	D	0.02%
LULU	D	0.02%
SQ	D	0.02%
REZI	F	0.02%
CAR	D	0.02%
CYH	C	0.02%
HUBG	D	0.02%
ACI	F	0.02%
TGNA	B	0.02%
PENN	D	0.02%
AL	D	0.02%
FCNCA	D	0.02%
GGG	B	0.02%
TPX	B	0.02%
UHAL	A	0.02%
RUSHA	C	0.02%
NVT	D	0.02%
ASO	D	0.02%
NAVI	D	0.02%
XRX	F	0.02%
HRB	C	0.02%
BTU	B	0.02%
QRTEA	F	0.02%
AXTA	C	0.02%
ABG	D	0.02%
CPRT	B	0.02%
PK	D	0.02%
PRI	A	0.02%
ABM	D	0.02%
MPW	C	0.02%
EXP	C	0.02%
SEE	B	0.02%
NSIT	C	0.02%
GDDY	D	0.02%
ALK	B	0.01%
HTZ	F	0.01%
MATX	B	0.01%
ANDE	D	0.01%
DBX	C	0.01%
ARCH	D	0.01%
DK	F	0.01%
AEO	C	0.01%
ADNT	D	0.01%
NOW	C	0.01%
LILAK	D	0.01%
SPTN	B	0.01%
ODP	F	0.01%

FNDX Underweight 179 Positions Relative to IUSV

Symbol	Grade	Weight
FI	A	-0.22%
COR	F	-0.17%
ABNB	D	-0.13%
VLTO	C	-0.12%
CSGP	F	-0.08%
LH	D	-0.08%
UAL	B	-0.08%
GEN	A	-0.07%
RVTY	C	-0.07%
TECH	B	-0.06%
COO	C	-0.06%
PODD	C	-0.05%
NLY	C	-0.05%
DXCM	F	-0.05%
INCY	B	-0.05%
WBS	D	-0.04%
ROL	B	-0.04%
GMED	D	-0.04%
FRT	B	-0.04%
GME	D	-0.04%
UTHR	B	-0.04%
PTC	D	-0.04%
FDS	C	-0.04%
SF	A	-0.04%
MKTX	C	-0.04%
MTCH	C	-0.04%
ENPH	D	-0.04%
SRCL	B	-0.03%
NNN	A	-0.03%
ERIE	A	-0.03%
KRG	C	-0.03%
BMRN	F	-0.03%
VMI	B	-0.03%
ONB	D	-0.03%
IBKR	A	-0.03%
OHI	C	-0.03%
RNR	A	-0.03%
BIO	B	-0.03%
HR	C	-0.03%
FBIN	B	-0.03%
REXR	D	-0.03%
XPO	F	-0.03%
PB	D	-0.03%
ESNT	C	-0.03%
WTFC	C	-0.03%
SSB	C	-0.03%
ADC	B	-0.03%
GBCI	D	-0.02%
CUBE	C	-0.02%
COLB	C	-0.02%
TPL	B	-0.02%
NVST	D	-0.02%
IDA	B	-0.02%
NYCB	D	-0.02%
NWE	A	-0.02%
AMKR	F	-0.02%
EGP	D	-0.02%
STAG	D	-0.02%
FLS	B	-0.02%
ALE	A	-0.02%
MAT	C	-0.02%
BRBR	B	-0.02%
KMPR	D	-0.02%
CNM	F	-0.02%
FR	C	-0.02%
CGNX	F	-0.02%
VLY	C	-0.02%
PNM	B	-0.02%
SR	A	-0.02%
OGS	A	-0.02%
ORA	B	-0.02%
CFR	D	-0.02%
KRC	C	-0.02%
SLGN	A	-0.02%
CBSH	D	-0.02%
DAY	C	-0.02%
ASH	F	-0.02%
SBRA	C	-0.02%
KEX	C	-0.02%
LITE	C	-0.02%
BKH	B	-0.02%
PNFP	D	-0.02%
CUZ	C	-0.02%
RGLD	C	-0.02%
SWX	C	-0.02%
AVNT	B	-0.02%
IRT	C	-0.02%
UMBF	C	-0.02%
WAL	C	-0.02%
PAYC	D	-0.02%
ELS	D	-0.02%
TKO	C	-0.02%
NJR	C	-0.02%
UBSI	D	-0.02%
BDC	B	-0.02%
AMH	D	-0.02%
HOMB	D	-0.02%
FNB	D	-0.02%
FOX	A	-0.02%
ALTM	D	-0.01%
IPGP	D	-0.01%
YETI	D	-0.01%
BLKB	C	-0.01%
WEN	C	-0.01%
PSN	A	-0.01%
EPR	C	-0.01%
SAM	D	-0.01%
KNF	C	-0.01%
VC	F	-0.01%
COLM	B	-0.01%
NSP	F	-0.01%
TEX	F	-0.01%
CADE	D	-0.01%
GEF	C	-0.01%
HAE	D	-0.01%
NSA	C	-0.01%
VNOM	B	-0.01%
CHH	C	-0.01%
UAA	B	-0.01%
PPC	A	-0.01%
LIVN	D	-0.01%
POWI	F	-0.01%
SYNA	F	-0.01%
AMED	D	-0.01%
IBOC	D	-0.01%
LANC	F	-0.01%
IRDM	C	-0.01%
ROIV	D	-0.01%
DLB	D	-0.01%
CHX	F	-0.01%
EEFT	F	-0.01%
LFUS	C	-0.01%
CBT	B	-0.01%
HWC	D	-0.01%
CDP	A	-0.01%
ZI	D	-0.01%
AM	A	-0.01%
SMG	B	-0.01%
RCM	B	-0.01%
MASI	C	-0.01%
RLI	A	-0.01%
OZK	F	-0.01%
WH	C	-0.01%
SRPT	F	-0.01%
ENS	C	-0.01%
ENOV	F	-0.01%
MTSI	C	-0.01%
ALGM	F	-0.01%
OPCH	D	-0.01%
SIGI	D	-0.01%
NOVT	D	-0.01%
HXL	F	-0.01%
DOCS	B	-0.01%
BHF	F	-0.01%
RYN	C	-0.01%
EXLS	B	-0.01%
GHC	B	-0.01%
CVLT	C	-0.01%
EXPO	B	-0.01%
DTM	A	-0.01%
CRUS	D	-0.01%
FFIN	D	-0.01%
CXT	F	-0.01%
RH	C	-0.01%
FHI	C	-0.01%
AZPN	C	-0.01%
GATX	D	-0.01%
BRKR	D	-0.01%
NWS	D	-0.01%
ASB	F	-0.01%
NEOG	D	-0.01%
PCH	C	-0.01%
CYTK	F	-0.01%
TCBI	C	-0.01%
HQY	B	-0.01%
AZTA	F	-0.0%
WMG	D	-0.0%
HGV	F	-0.0%
UA	B	-0.0%